Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **THIS is BIG!** 🦍🦍 SILVER'S Game Changer... (Stagflation + Squeeze!) Gold - Precious Metals News

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**THIS is BIG!** 🦍🦍 SILVER'S Game Changer... (Stagflation + Squeeze!) Gold - Precious Metals News · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:00
Silver investors, we have nothing to worry about, but
0:04
today is a horrible day. They are smashing down silver.
0:09
I just looked at the futures price, down 10%.
0:12
But let's talk about what's happening, why it's so ironic
0:17
and such a joke that it's happening.
0:19
And let's also focus on some big long term factors that make
0:24
investing into silver and gold, in my opinion, a very smart and
0:29
attractive prospect for the future.
0:32
So they're blaming it all today on inflation, which is ironic,
0:38
which is humorous. Let's run out the Yahoo Finance
0:40
and see what the mainstream media is telling us why we're
0:44
having such a horrible, I mean horrible day in the markets.
0:48
Not only is it silver and gold, but it's the stock market, the
0:51
Dow, the S&P 500, NASDAQ futures, everything sinking as
0:56
oil and yields jump amid inflation jitters.
1:02
So that's all the chatter right now.
1:04
And specifically when it comes to silver and gold.
1:08
Oil is going up, inflation's going up.
1:10
That's bad for gold, bad for silver.
1:13
Are you kidding us? There's nothing that's more
1:16
important to the long term value price, however you want to say
1:21
it, of silver and gold, then high inflation.
1:24
OK. High inflation is like if you're
1:27
sailing A sailboat and you've got wind in your sails.
1:31
That's what high inflation is for gold and silver.
1:34
This is all a bunch of BS short term noise.
1:38
I would be more concerned if we were getting news that inflation
1:42
was down. But no, we've got inflation up,
1:46
we've got yields up on the 30 year Treasury bond I saw this
1:51
morning is up at 5.1%. Look, we are in good shape when
1:56
it comes to silver and gold on a long term basis.
2:00
Days like today are one in 100 days.
2:03
Silver is volatile. Silver's volatile to the upside
2:07
because remember on Monday we were up like 8% and it really
2:12
didn't make a lot of sense, right?
2:14
It's a lot more fun, but did not make a lot of sense.
2:17
And on other days we're going to have these crazy down drafts
2:21
that don't really that don't make sense from a long term
2:27
basis in terms of what we know are supporting the gold and
2:31
silver prices. Now, I'll speculate here as
2:34
well. I just find it very interesting.
2:36
Two things happened during this week that coincided with this
2:40
absolute craziness in the silver and gold market.
2:43
Isn't it strange that like the, the, the beat down in the silver
2:47
price in particular coincided with Trump's visit to China?
2:52
Who knows, maybe just coincidence, but I find it a
2:55
little, a little maybe more than coincidental that we're having
2:59
that that occur. And on top of that, earlier in
3:03
the week, UBS, the giant Swiss bank, the biggest Swiss banker,
3:08
you know, the fancy Swiss bank, they came out and said, oh, we
3:12
don't think there's going to be as much of it.
3:13
They came out with a real negative outlook for silver, not
3:17
really all that negative. They said their target price was
3:20
$85. They lowered their target price,
3:23
but the reason why they said that the deficit was going to
3:26
shrink because solar demand wasn't going to be as high
3:30
investment demand wasn't going to be a hot be as high in some
3:33
other level anyway guys, the big the big take away here and then
3:37
we're going to talk about the silver squeeze.
3:39
We got a lot more right One of one of the top people in the
3:42
industry points out that we could be in a squeeze right now.
3:46
But the big take away at this point is if they're going to
3:50
blame the beat down on the in the silver and gold price on
3:54
inflation. Are you kidding me?
3:56
Like that's the best thing ever for for the gold and silver
4:00
price in the long run. And don't forget, I want to beat
4:04
the table, right? Number one, right?
4:07
Silver is a monetary metal, no doubt about it.
4:10
But we've also got this unbelievable industrial demand
4:14
picture that we're going to look at more data, more information
4:17
from some of the other top analysts later from around the
4:20
world. They can give us like solid,
4:23
solid basis for why we know that the days like today, these crazy
4:29
volatile days are just that. OK, now Rashad brought up
4:34
something very interesting from a technical.
4:36
We're going to look at some charts, but also something
4:39
psychological. Are they messing with our
4:41
psychology when it comes to silver?
4:44
Let's go see what Rashad says. We'll look at the chart 1st and
4:47
then we'll see what he says. All right, here's the wedge
4:54
pattern and wait till you I, I really agree with something
4:57
powerful that he said about silver.
4:59
Here's that What? Here's the high that we had back
5:02
in January. Here's the beginning of 2026.
5:07
Here's the wedge pattern that we were in.
5:11
OK, I'll take that off so you can see it.
5:13
This is this week basically when we broke out.
5:16
We are back from a technical perspective right around this
5:21
level again. Now we did break out and we did
5:24
break out with very strong volume.
5:27
So this kind of 76 level. Let's take our blood pressure
5:31
medicine guys and go out and take a look at the price.
5:35
Wow, down almost 9% in the silver market, down $7.00 per.
5:42
We are at that 7650 kind of 77 range.
5:46
So I would say that we're still in good shape in regard to
5:50
what's happening on the chart. If we break down, I guess it
5:53
would be called a false breakout essentially, but I'm not super
5:59
concerned. We're going to talk about what
6:00
he said, but the other thing before we talk about two things,
6:04
one that Rashad said and one that I think is super important.
6:08
Over the last 3-4 weeks, we talked about here in the
6:12
basement the importance of the $72.50 mark in silver.
6:18
That was my line in the sand based on all the technical
6:22
analysis that we look at, based on all the fundamental factors
6:26
going on. I want to remind you we are
6:28
still in very good shape in terms of that $72.50 mark.
6:33
But psychologically what they're doing to you right now.
6:37
Let's go back to Rashad because he brings up something very,
6:41
very important and here we go. He says Silver is back to a
6:48
breakout point. OK, Meaning it pulled back like
6:51
we just looked at back to where it all started.
6:53
Also, it is retesting the upper band of a triangle formation.
6:58
Hard and sharp sell off. This is the important part
7:02
designed to convince that silver is never going up, causing
7:07
constant trauma for investors. When when silver starts rallying
7:12
for real, most are not going to buy into it and that's a key
7:17
thing for us to remember. The silver market is the
7:20
widowmaker. The silver market has massive
7:22
volatility both to the upside and to the downside in these
7:26
moves that they put in the silver market are designed to be
7:31
traumatic. Are you feeling traumatized?
7:35
Hey, we all are a little bit today, right?
7:37
I mean, come on, When silver's down almost 10%, it's traumatic,
7:41
no doubt about it. Most people can't handle it.
7:45
Look, the, the, the secret memo from 1974 when they set up the
7:49
futures market, set it right. If we can induce enough
7:54
volatility into the futures markets for gold and silver, we
7:58
can dissuade the general public from wanting to hold physical
8:02
metal. So that's what's, that's what
8:05
happens. That's what happens on days like
8:07
today. People feel emotional, right?
8:10
Silver especially is a feeling metal.
8:14
It's an emotional metal. And it's the biggest mistake
8:18
that most people make, right? They get they get shaken out of
8:21
their positions, they give up, they let emotions take take
8:25
over. So at the end of the day, right
8:27
when all this emotion is stripped out, silver is
8:30
absolutely going to be fine. Yeah, it creates trauma.
8:34
And yes, it's working. Now, let's take a step back and
8:38
remember, upstairs, Susie and I were talking this morning.
8:41
She heard me doing some research on my phone.
8:44
What was the silver price one year ago today, $32 per oz, $32
8:55
one year ago today. What was the silver price?
8:58
And then she asked me what was the price six months ago?
9:01
Six months ago, about 50, somewhere between 50 and $5253
9:07
per oz. OK, so when we take a step back
9:11
and look at everything going on, inflation, guys, inflation is
9:17
all we have to worry about. We, I, I look three years ago
9:22
and stagflation is still very important.
9:24
We were the first to talk about stagflation in that that would
9:27
be the big coming force. It's here right now.
9:30
Well, Ray Dalio, we're going to hear from him or him him later
9:34
that we are definitely in a stagflationary environment now.
9:38
And we just started talking about this 3-4 weeks ago.
9:41
Things have gotten real simple for us.
9:43
All we got actually, the news today is good when they're when,
9:48
when the general markets start to say we're worried about
9:51
inflation. You know why?
9:53
Because the Fed can't fight inflation. the Fed can't raise
9:57
rates. This is not 1980 where we had $1
10:00
trillion in debt. No, this is 2026 where we have
10:04
$40 trillion in debt, right? the Fed can't fight inflation
10:08
because it would also destroy the economy.
10:12
And the economy is already on weak, weak, weak footing.
10:15
OK, let's get into some more technical charge.
10:18
It's Vince Lancey, who I love, I think one of the smartest guys
10:21
out there. We got a little video we're
10:23
going to watch about Vince talking about the key levels
10:26
that we have to watch right now in the silver market.
10:31
Look at the look at the 2 red candles.
10:33
I mean, that's the the, it's just insane the volatility that
10:38
we're having right now. Here we go.
10:42
Polly says if we get, we can't get above 8033808380.83 or at
10:51
least above 79517580 is our, is in our 7540 is in our, is in our
10:59
range, which by the way, that's the level I came up with down
11:01
here. The structure down here starts
11:03
at 7540. So Polly and I agree on this.
11:06
I'm just putting this one up here.
11:07
So basically your two levels of support are going to be if we
11:10
settle below 7730 or if we trade below 7533, If we get above
11:18
7961, look for a relief rally up to 808180.8180.83 and then after
11:27
that we will be back in the market would re engage above
11:30
80.83. So $80.83 is where you start to
11:34
say it's safe to buy dips again. But right now, selling rallies
11:39
is probably just as compelling as selling as buying dips.
11:43
OK guys, so let's go. I want to go back out to a chart
11:45
and point out something very important to you as well because
11:48
we have been talking about this for months down here in the
11:53
basement. I'm going to go to a one year
11:54
chart of silver. OK, this is not as bad as it
11:58
looks. It really is not.
12:02
Look, let me draw some lines on here for you because when we,
12:07
when we factor in all the technical analysis, everything
12:12
that's going on out there, basically this zone right here,
12:17
which started back in December, I'll circle that on the bottom.
12:22
We have been consolidating very, I mean that's what 6 months at
12:28
this point consolidating within the zone.
12:31
I know, I get it. It stinks.
12:33
I almost used a curse word to describe what it feels like to
12:37
in the silver market today. But we're not in the silver
12:40
market just for today. I'm for me, it's a generational
12:43
thing. I don't know about you.
12:45
If you're a short term trader, you probably don't want to hang
12:47
out down here in the basement with us.
12:49
If you're somebody who believes in silver, believes in gold, is
12:53
a long term generational wealth builder, well then you're in the
12:56
right place. And even if we look out here,
12:58
it's six months, guys. Silver has built an incredible
13:03
foundation during that period, and I think that's very
13:07
important for us to remember. Right.
13:09
We talked about two weeks ago, $72.50.
13:13
Yeah. You're tired of hearing me say
13:15
that number. But to me, that's the critical,
13:18
critical number that right now, you know, when we look at what's
13:23
going on #1 inflation good for silver and gold #2 massive
13:29
consolidation good for silver and gold #3 now we're going to
13:33
dig in. I've got some great, great data
13:36
from 2 top analyst from Kitco, right?
13:39
The fundamental reasons behind silver and gold as well.
13:43
Let me make sure I'm on track here.
13:45
And, and then we're going to watch.
13:47
We're going to hear about the silver squeeze from Alistair
13:50
McLeod. Yes, we could still be in a
13:53
silver squeeze, but let's go out here to Kitco.
13:58
Got a couple key, key key points that we want to look at in this
14:02
article from Niels Christensen. Silver's push above 80, which is
14:07
no longer the case, reflects A structural shift in the global
14:11
economy. A structural shift, OK, that
14:15
still matters. I got a few things highlighted
14:18
to share with you. Barbara Lambrecht, commodity
14:21
analyst at Commerzbank said that weakening base metal production
14:25
right this year, remember we've got the sulfuric acid ban from
14:31
from China which is going to drastically decrease the amount
14:35
of copper being produced, which is going to decrease the amount
14:37
of silver being produced. Anyhow that could further widen
14:41
the supply deficit in silver. But what's really interesting is
14:45
what the Simon Peter Masabne had to said.
14:49
He's from excess.com. He said that silver's price
14:52
action now reflects a significant repricing of the
14:57
precious metal driven by structural factors in the
15:01
marketplace. In red, these factors are no
15:05
longer marginal. They have become a primary force
15:09
reshaping silver's position within the global financial
15:13
system, not merely as a store of value but also as a multi
15:20
dimensional strategic asset. Mesabany added that because of
15:25
the ongoing supply deficit, prices have to move higher to
15:29
rebalance the market. But at the same time, Mesabany
15:33
said that shifting economic conditions are helping silver
15:37
step out of gold Shadow and establish itself as a monetary
15:44
metal in its own right. Remember silver in particular,
15:49
monetary metal, industrial metal, both of which have very
15:53
bright shiny futures in yellow. The decline in the gold to
15:58
silver ratio from record levels to more balanced ranges
16:01
reflects, in my view, a conscious reassessment by
16:05
investors who are increasingly viewing silver is a higher
16:09
return opportunity in an environment marked by
16:12
uncertainty. This shift is not random.
16:18
It stems from a growing recognition that silver uniquely
16:22
combines the characteristics of a precious metal and an
16:27
industrial asset, a rare blend that gives it an edge during
16:32
complex economic cycles. In red.
16:35
We're going to wrap this up, baby.
16:37
Bring the ship home. Even with the temporary
16:40
pressures resulting, this is great.
16:42
Here we go. Hold on, pay attention to this
16:47
temporary pressures resulting from expectations of higher
16:52
interest rates because of inflation.
16:56
I believe these effects will be short lived and unlikely to
17:01
alter the broader trend in silver.
17:05
The question is no longer whether silver will continue to
17:10
rise, but how far this rally can extend in an increasingly
17:15
volatile world that is becoming more dependent on strategic
17:21
resources. So on days like today, we'll
17:26
take a step back and look at data like that, right?
17:29
There's a multi faceted support structure in place for gold, but
17:35
in particular for silver. Industrial, monetary, fiscal,
17:40
every way, any way you want to slice or dice it?
17:42
What was that we said yesterday? You got the geopolitical, you
17:45
got the fiscal. There's 333 legs to the stool.
17:49
OK, Supporting gold and silver geopolitical.
17:53
The world's falling apart fiscal.
17:55
The world is falling apart from a debt perspective, a financial
17:59
fiscal perspective, and fundamental right.
18:03
The big key fundamental for silver and gold are they're
18:06
finite. There's only so much in the
18:08
world. They've been stores of value for
18:10
thousands of years. And as a special added little
18:12
bonus with silver, right? It's an industrial metal whose
18:16
demand profile is absolutely exploding.
18:19
Is it? OK?
18:20
What? What the heck?
18:21
On a day like today where we're getting clobbered in the silver
18:24
market, let's talk about a silver squeeze.
18:28
Because these do happen and we could be in one right now.
18:32
Got a short video we're going to watch?
18:34
First, thank you to 1st Mint for sponsoring Ron's basement.
18:38
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18:41
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18:43
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18:48
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the favorite. That's the backside of their
18:57
Buffalo round. Hey, on a day for silver, right,
19:01
this is $10 less expensive today.
19:05
And we want to look silver is just, I mean, on top of
19:10
everything else we just mentioned interest rates,
19:12
geopolitical, fiscal, fundamental, silver is just
19:16
absolutely beautiful. And when you get these like
19:19
unbelievable products from First Mint, I mean that, that, that
19:25
alone. I mean that alone I would even
19:27
if silver, I, I would buy silver if it weren't a monetary and
19:31
industrial metal. Anyhow, check out First Mint.
19:35
A lot of you have and everybody sends us great feedback on your
19:38
experience with First Mint. You can go here first mint.com
19:43
and there is a here's their website.
19:47
They do have a special right now on their Liberty Bar, $2.00 off
19:51
and there is a discount code that we basement dwellers can
19:55
use VIPRB and you will get a nice little discount.
20:00
Thank you. First meant for sponsoring Ron's
20:02
basement. I apologize, I'm in trouble.
20:06
Susie's going to yell at me when I go upstairs.
20:08
I forgot the most important part.
20:09
That's you, basement dwellers. Thank you for being here, right?
20:13
We believe in the future of silver and gold because we
20:17
understand history and we understand basic math, and we're
20:20
a little sharper than the average bear.
20:22
So thank you guys for being here.
20:24
Please subscribe to the channel. Give the video a thumbs up.
20:26
Now let's talk about what do you say, huh?
20:30
What do you say? We talk about the silver
20:32
squeeze. Let's listen to what Alastair
20:34
McLeod has to say because this will be music to your ears.
20:40
This come this was posted by Egon Vangires from Gold
20:43
Switzerland, right? These are the, these are the top
20:46
dogs. These are the guys who've been
20:48
around the silver and gold market.
20:50
They've seen many days like we're experiencing today.
20:53
Let's listen to what he has to say.
21:16
Or do they buy it as the price rises?
21:18
No, there's not enough silver in London, there's not enough in
21:21
COMEX and probably not enough in Shanghai either.
21:24
This is not a speculative mania. As you can see from the charts
21:28
of the price and open interest, Open interest has been declining
21:32
to very low levels as the price rises.
21:35
Now this doesn't normally happen.
21:36
Normally when the price rises, more people get on board and
21:40
they buy it as the price rises. No, this is a squeeze on paper
21:44
contracts Which simply cannot be delivered in the physical silver
21:47
being demanded. And we look at the second chart,
21:50
it confirms the managed money category, which is mainly hedge
21:54
funds. It's almost entirely hedge funds
21:56
have the lowest long exposure for the last 20 years.
22:01
This is really remarkable and it puts the lie to people who think
22:04
that this is an investment and all the investors are on board
22:08
and they bought it and it's time that it's going to be shaken
22:10
out. No, this is very different.
22:12
This is a squeeze on the system. OK, this is a squeeze on the
22:21
system. There's not enough silver in New
22:24
York, there's not enough silver in London at the LBMA, the
22:28
London Million Market Association.
22:31
And he says there's likely not enough silver in Shanghai at the
22:35
Shanghai Gold Exchange, in the Shanghai Futures Exchange.
22:40
He said it it's a squeeze on the system.
22:43
This is a new physical reality that we are living in in
22:48
particular, right? It applies to gold, but in
22:50
particular when it comes to silver.
22:53
And guys, now let's talk about some mainstream media.
22:58
The look, we, we talked about the big AI investing guru who
23:03
earlier in the week got said I'm selling some of my AI stocks and
23:07
I'm going to invest in silver. And I wonder why?
23:10
Because now even mainstream media is waking up to what's
23:14
going on. Here's an article from Yahoo
23:17
Finance. OK, headline silver, silver, Can
23:22
you believe this? Is that the S word?
23:24
Oh my gosh, Yahoo Finance said it.
23:27
Silver is joining copper in the AI build out trade chart of the
23:33
day. OK, we won't.
23:34
There's not, You know, as usual with mainstream media, there's
23:37
not a lot of great pertinent information, but they did say
23:42
the metals market is drawing a line between safe haven demand
23:47
and hard infrastructure demand. And right now the AI build out
23:53
is showing up in the copper to silver trade.
23:57
OK, now let's go on to inflation.
24:01
This next chart is going to blow you away.
24:04
This one totally. Look, look, did I tell you
24:08
already? All we got to it's our, our
24:10
lives have become very simple. Silver and inflation,
24:14
inflation's all we got to worry about.
24:16
But look at this chart. It really is crazy, like where
24:21
we are. And then we're going to talk
24:23
about inflation, stagflation, and we're going to wrap it all
24:25
up and feel good about what's happening right now in our lives
24:30
and in the silver and gold market.
24:32
But this was a chart. What is this on sub stack from
24:37
James Lavish? So I'm going to pull up his
24:40
chart full screen for your viewing pleasure in this.
24:43
Really, it may be hard for you to see this, but this chart
24:47
shows two things. OK, there's a blue line, which
24:51
is the inflation rate from 1966 through 1982.
24:59
That is then overlined by the green line, which is the CPI
25:06
from 2014 through 2030. OK, As you can see, it's insane
25:14
how similar but the inflation rate has been, right?
25:18
This starts, goes up, both of them go down, both of them go
25:22
up, then they go down. But here we are right here, OK?
25:28
As you can see, then in the 1970s, inflation continued to
25:33
absolutely skyrocket, OK? We don't know, right?
25:37
We are right here, right now in this process and we've got what,
25:44
another four years? But guys, look at that.
25:47
You can. It looks like one line
25:49
basically. I mean, you can see there was a
25:51
little bit of a gap there, but basically we're repeating the
25:56
same things. Oh, by the way, another thing
25:58
that happened right about this time, this was 19.
26:02
We are basically in 1978. I circled that period down
26:07
there. We are in 1978.
26:09
The other thing that coincidentally happened around
26:11
that same time was an energy shock back in the 1970s.
26:15
OK, so buckle up. The other thing that happened
26:18
during that time in the 1970s was that the gold and silver
26:26
price continued to absolutely explode higher.
26:30
The other thing that happened during that 1970s period,
26:35
besides that identical inflation that we're having having right
26:39
now, there were several, I mean many major pull backs in the
26:45
silver and gold price in the 70s.
26:48
I remember I was 8 years old, right?
26:51
I used to read it in the newspaper.
26:52
No, but seriously, if you look at the data, what we're
26:55
experiencing, this volatility, it it's part of the game, it's
27:01
part of the process. OK, all right, now let's move
27:04
on. Let's look at this here.
27:06
If you need a simpler way to look at things when it comes to
27:09
inflation, I present to you Inflation from Silver Digen.
27:18
Want to know true inflation? Try 75% over the past six years.
27:23
This is the price of ground beef.
27:25
And on a serious note, what he's talking about is 2020, which
27:31
I'll circle down here. You can see a pound of ground
27:34
beef was about $4.00 per pound. In the subsequent 6 years that
27:42
has risen to $7.00, an increase of $3 per pound, which is equal
27:47
to 75% increase. OK, inflation is real.
27:54
Inflation is all we got to worry about.
27:56
Now let's see what rate to get. On a more serious note, we'll go
27:59
from we'll go from the highest, the price of hamburger to Ray
28:05
Dalio, the founder of Bridgewater Capital started this
28:08
like the biggest hedge fund in the world, The smart money of
28:12
the smart money. Let's listen to what Ray Dalio
28:16
has to say about inflation and stagflation right now.
28:19
Oh, and by the way, afterwards I'll tell you if Ray Dalio is a
28:24
is a fan of gold and silver. Here is Ray.
28:33
Almost anybody who's objective, they would say certainly you
28:36
would not cut interest rates now, OK, you will lose your
28:39
credibility. The Federal Reserve would lose
28:42
its credibility, particularly now almost at any time.
28:46
And so I would say, but beyond that, it's not the right way to
28:50
have monetary policy given all things considered.
28:52
He he should wait till when with the.
28:54
Well, you should. You have a dual mandate, right?
28:57
You're in a stagflationary period.
29:00
We're in a sad inflationary. You think we are?
29:02
We are certainly in the sad inflationary, how that
29:05
transpires has a lot of parts to it, but we're certainly in in
29:11
that. And if you look at monetary
29:13
policies by other countries, you're not going to see them
29:16
cutting, OK, So you could, whatever your benchmarks are,
29:20
you're not going to be inclined to cut the monetary policy, not
29:23
with today's. OK, Ray Dalio says it real
29:29
clearly. We are in a stagflation
29:33
environment. We sat here in the basement, us
29:36
basement dwellers 3 years ago, right?
29:39
Here's the proof. Here's the proof.
29:42
Three years ago, we made this box, which we were not allowed
29:45
to open. On one side of the box, we had a
29:48
recession. On the other side, we had
29:50
inflation. This is the box of stagflation,
29:54
OK? And we said Jerome Powell, who
29:57
we're going to say bye, bye too soon, is literally in a box.
30:00
And stagflation is the most difficult environment for the
30:04
Fed. That's the stagnant economy with
30:06
inflation. Ray Dalio just pointed it out.
30:09
We talked about it 2-3 years ago, the most difficult
30:12
environment that the that the Fed could even they hate it,
30:17
right? If you say stagflation inside
30:19
the Fed, the walls shake, OK, because they can't raise
30:23
interest rates. They can't cut interest rates.
30:25
They're basically up a Creek without a paddle.
30:28
I'll say it one more time. The last time we had stagflation
30:31
in the United States, right, stagnant economy with inflation,
30:36
the price of silver went from like what, $1.50 per oz all the
30:40
way to 50 from 1970 to 1980, right?
30:44
The Fed is, is they cannot look, the Fed can't cut rates that'll
30:51
make inflation explode. the Fed can't raise rates because two
30:55
reasons that will, that will kill the economy #1 and #2 we
31:01
can't afford it because there's this little big thing that we
31:04
have in the United States called the national debt, excuse me,
31:09
which is at $40 trillion. So now let's move on.
31:14
Let's talk about another chart about what's happening.
31:18
We're going to come back to silver in the silver market on a
31:21
short term basis, right? North Star is, is kind of
31:25
somewhat bearish and has been hats off, but we're going to
31:28
look at their long term outlook as well.
31:30
Before we do that. Hey, please help me say thank
31:34
you to 1st Mining Gold for sponsoring Ron's basement.
31:37
The stock I own for years, long before they sponsored the
31:41
channel development stage gold mining company development stage
31:46
in Canada. So they've got a lot of ground
31:48
to two huge projects, a lot of ground, lot of gold in the
31:52
ground in Canada. They're working through the
31:55
permitting the development stage for these two huge projects,
31:59
Spring Pool in Ontario and Du Parquet located in Quebec.
32:04
There are not here's a little insight for you.
32:06
There are not a lot of big multi million ounce development stage
32:11
gold projects in good jurisdictions like Canada.
32:15
You can learn more about them at firstmininggold.com.
32:19
Let's go see what Northstar bad charts.
32:22
Is he saying something bad or is he saying something good about
32:26
silver? He said silver discovering
32:29
resistance zone once more. So this is a 4 hour chart.
32:34
We talked about this earlier in the week.
32:35
It was going to be hard to get through $8890.00 per oz, but his
32:40
yellow box says it all. Our long term investors, that's
32:44
us and Stackers, that's us, are sitting pretty.
32:48
For those who ignored or didn't see when we talked about buying
32:52
gold at 1300 and silver at $14.00, hopefully you got some
32:57
at that price wishing to take a position for the first time.
33:01
Be aware that the Green Arrow is not 100% certain just yet.
33:06
OK, He is. He's saying essentially we are
33:10
in a big resistance zone, right? And we're feeling that right
33:14
now, right? You can see this channel or
33:16
which we may stay in for for a little more time.
33:19
That's OK, guys, right. Rome wasn't built in a day, but
33:23
eventually what North Star sees our major, major price increases
33:28
for gold and silver. Now let's talk about a big our
33:33
Treasury Secretary Scott Bassett said something very interesting
33:37
that has to do in particular with over he's been travelling,
33:42
he went to South Korea. I had a wonderful meeting with
33:45
Jing Yong Lee, the president of South Korea.
33:48
The important thing that he said, I'll just read the last
33:51
paragraph. During our broad ranging
33:53
discussions, I noted South Korea's strong economic
33:56
performance and affirmed the United States commitment to
34:00
advancing Economic Cooperation between our nation's.
34:03
Here's where it gets interesting.
34:06
We also addressed issues pertaining to critical minerals
34:12
and the implementation of the US Korea investment agreement.
34:19
Need I remind you that the critical minerals that he's
34:23
talking about include silver because silver was put onto the
34:28
United States critical mineral list.
34:31
One last thing. Let's look at it.
34:32
It's been a few days just to remind ourselves, right?
34:36
One of the big key fundamental support factors right now for
34:41
the silver and gold price. We got to keep an eye on this,
34:44
make sure it's not going down. But there we have it. the US
34:47
national debt continues to skyrocket.
34:50
We are now, we are now way above.
34:53
If we look down here, right, the bottom center, right, interest
34:58
that we're paying on our debt now healthy above $1 trillion
35:02
per year. Let me remind you, we're paying
35:06
over a trillion per year in interest on our debt.
35:11
We get nothing in return for that.
35:13
That goes to people that hold the bonds, people in Saudi
35:16
Arabia, China, Japan, people in the United States, maybe you
35:20
hold bonds, but we as taxpayers really get nothing in return for
35:27
that. And the US federal, our total
35:30
tax revenue is 5.5 trillion essentially.
35:34
So now one in every $5.50 one and every $5.00 bill, we'll keep
35:41
it simple. That you pay to Uncle Sam in
35:43
taxes goes directly just to pay interest expense.
35:47
Let's go check on the silver to dollar ratio.
35:51
We've not looked at that for a while.
35:53
The dollar to silver ratio right here in the middle.
35:59
Hold on here in the middle right of the screen.
36:02
I don't think it's going to let yeah won't let me draw once I
36:04
move strange, but right here dollar to silver ratio currently
36:10
sits at 1263. That means for every one ounce
36:16
of silver that the world silver mining industry produces on a
36:21
yearly basis, the US government is creating $1200 in paper into
36:29
money supply dollars. And we'll go.
36:32
I'll put it right at the upper. This might be easier for you.
36:36
So the upper right corner of the screen where you see my cursor,
36:40
the paper to silver ratio is currently sitting at almost 400
36:45
to 1. Incredible.
36:49
And this is new wanted to point this out right below that the
36:52
green box, see if I can get that up right at the very top right
36:56
of your screen. the Fed Fiat dollar dollar loss in value from
37:02
1913, which is when the Fed was created through today the US
37:07
dollar has lost 96% of its value.
37:11
Now that ties back into what we talked about earlier.
37:15
That is the same thing as inflation.
37:18
Loss in value in the US dollar is the exact same thing as
37:23
inflation. You can call it inflation, you
37:25
can call it devaluing of the dollar.
37:27
And since 1913 when our good friends at Jekyll Island created
37:32
the United States Federal Reserve, our dollar is dropped
37:36
by 96%. All right, guys, thank you for
37:40
joining me down here in the basement.
37:41
Today is one of those crazy volatile down days and so, but
37:46
the big picture for silver and gold absolutely remain intact.
37:52
Now if you've got some silver, gold or who knows what you want
37:55
to store and you want A and you want a safe fun way to to to
38:00
keep your valuables, check out dirty man safe.
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You can go out to their website, but important, they have a great
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discount code Ron 10 like Ron's basement, but Ron 10.
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These things are awesome. I love them.
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This is the like medium sized 1 when you when you put your hands
38:19
on it, it's way cooler than it looks in pictures.
38:24
I got a little Unicorn in there. You seal these up, they come
38:27
with a tube. You bury them in the ground.
38:29
You can save things the exact same way that the that the
38:33
pirates did in the ground. It's worked for thousands of
38:36
years. Have a great day.
38:37
Don't forget. Please subscribe to the channel.
38:40
Thank you for being here. Thank you for being part of this
38:43
community. We appreciate you on behalf of
38:46
Upstairs, Susie and myself. Have a great day.
38:48
And we'll see you. Yeah, you.
38:50
We'll see you soon.