Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **ALERT!** Did You HEAR This? -- Silver and Gold Price Update

Transcript

**ALERT!** Did You HEAR This? -- Silver and Gold Price Update · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  Big news stories you need to hear about shaping the future of
• 0:05
  silver, gold and the precious metal mining stocks.
• 0:08
  But we do have a warning from Jim Cramer himself.
• 0:11
  We'll get to that. But first, let's look at some
• 0:14
  simple big reasons why with silver in particular right now,
• 0:19
  everybody is so, so optimistic. I thought this was a great one.
• 0:24
  This one came from our friend Make Gold Great Again and he
• 0:28
  points out something really fascinating.
• 0:31
  First, I want you to look at that pile of silver.
• 0:33
  Those look like 100 oz Canadian silver bars.
• 0:37
  That's about 15,000 ounces of silver.
• 0:41
  OK, but this is the important, important part, the reason why
• 0:45
  we can be so optimistic. Make Gold Great Again says we
• 0:49
  mine this amount of silver every 9.6 minutes.
• 0:55
  However, we use this amount of silver every 6.8 minutes.
• 1:02
  That only points right to the fact that we've got a massive
• 1:05
  silver deficit in the world right now.
• 1:08
  And I want to give some props to our friend Make Gold Great
• 1:11
  Again. He puts out some really
• 1:13
  interesting, really simple reasons, but powerful reasons
• 1:17
  why we can be so optimistic about both the gold and silver
• 1:21
  markets. And don't forget this guys.
• 1:23
  I'm going to hold up this 10 oz American Flag bar from channel
• 1:27
  sponsor First Met. Remember, when you look at this
• 1:31
  silver, we said this yesterday and it's just as powerful and is
• 1:36
  true today. There's less of this on the face
• 1:39
  of the earth today than there was yesterday.
• 1:43
  If you want to check out First Mint, you can go to their
• 1:45
  website, firstmint.com. They've got great selection,
• 1:49
  great prices, free shipping on orders over $299.
• 1:53
  They're owned by First Majestic Silver CEO Keith Neumeyer.
• 1:58
  Everybody in the silver world knows him.
• 2:00
  It's a company you can trust and there's a discount code VIPRB.
• 2:05
  Let's move on to some more. I got to show it to you again,
• 2:07
  guys, I've got to show this to you one more time because I
• 2:12
  think it's like one of the most powerful things that we can look
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  at right now in the world of silver.
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  This is the silver demand continues to outpace supply
• 2:23
  growth. And remember, when it comes to
• 2:26
  silver, the gold mine here is total silver production.
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  Hold on here one second. What is happening?
• 2:35
  Hold on. Hopefully you guys can see that.
• 2:39
  I don't know, huh? Hold on, we're having some
• 2:44
  technical difficulties here. Yep, that's not going to work.
• 2:48
  All right, so anyhow, let's look at this chart.
• 2:50
  The gold line right there represents total silver that's
• 2:55
  provided on an annual basis from both the mining and recycling
• 2:59
  efforts. That's the total silver supply.
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  As you can see also on this chart, the red line is the
• 3:06
  mining production that was peaked in 2016.
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  When we look down here, the bottom, the big dark blue
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  section, that's electronics and electrical uses that is going
• 3:17
  up. OK investment is the as the
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  little bit lighter blue area above that also going up.
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  And jewelry the big point here is all three of those sectors
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  jewelry demand, which takes up almost 20% of all silver demand
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  of physical investment and electrical I think could all be
• 3:36
  heading to the moon. And since we're here, we always
• 3:40
  like to take a look at what's going on on the COMEX, right?
• 3:42
  The paper silver market, the Comex and the LBMA, the make
• 3:46
  believe, right? The Fantasy Island silver.
• 3:50
  We get more data from yesterday. Again, astounding silver trade
• 3:54
  data. This comes from the dude who's
• 3:57
  also a great contributor to the silver and gold world on X.
• 4:02
  Yesterday, the silver market traded.
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  We'll highlight this 410 million paper oz.
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  OK, let's go down here and make sure we got the date right.
• 4:13
  We do. That was Tuesday, the 23rd of
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  September. Guys, think about that.
• 4:21
  The paper market that's all screwed up, the COMEX in the
• 4:25
  LBMA, the all these relationships, it's the
• 4:28
  screwiest it's ever been right now, OK, some people think it
• 4:31
  might blow up. I'm not going to speculate in
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  that manner, but nonetheless, the paper market traded 400
• 4:38
  million oz. The whole mining sector only
• 4:40
  produces 800 million per year. That means yesterday was a 50%
• 4:45
  day, Yes. And one day they traded the
• 4:48
  equivalent of 6 months of actual physical silver production.
• 4:54
  Think about that. OK, think about that.
• 4:56
  All right, let's move on to Jim Cramer.
• 4:57
  Before I do that, I forgot the most important part to thank
• 5:00
  you. Yes, you for being down here in
• 5:02
  the basement with me. It's always a big deal when you
• 5:05
  come down here. We love to talk, talk about
• 5:07
  silver, gold, precious metal, mining stocks, but you're
• 5:10
  important, right? If it wasn't for you, this would
• 5:13
  just be a cold and lonely basement.
• 5:16
  So thank you so much. I want you to feel like you
• 5:18
  found a home away from home. There's great people in this
• 5:21
  community. Please subscribe to the channel,
• 5:23
  give the video a thumbs up, share it with everybody,
• 5:26
  including grandma and grandpa. We want everybody to learn about
• 5:29
  the benefits of silver and gold. Super chance, super.
• 5:33
  Thanks. Never expected, always much
• 5:35
  appreciated. Let's talk about Jim Cramer,
• 5:37
  right? The Jim Cramer.
• 5:39
  There's, let's say, varied opinions about Jim Cramer, but
• 5:42
  he said something about precious metals.
• 5:45
  A little bit of a warning for us, which makes me laugh.
• 5:49
  I'll tell you the reasons why here in one second.
• 5:52
  But let's go take a look at what Kramer had to say.
• 5:55
  He tweeted this a few days ago. He said, let me share it.
• 5:59
  There it is, he said. Quote, I would like to see a
• 6:03
  pause in the endless rally of speculation.
• 6:09
  I'll tell you why we're laughing at that, guys, in things like
• 6:13
  gold, crypto and profitless companies.
• 6:18
  OK, Jim. So he's saying that there's
• 6:22
  rampant speculation in gold, and I would imagine he's going to
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  include silver in that as well. This is mainstream media doing
• 6:31
  it again, right? They've talked down silver and
• 6:34
  gold for decades and decades. But my question for him would
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  be, what about the rampant speculation in the NASDAQ, the
• 6:41
  tech stocks that are at like bubble territory?
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  Like we've never seen even more of a bubble by any measure, the
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  Great Depression, the tech bubble, anything else, even the
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  S&P 500. And you're going to call out
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  gold, right? And silver, although you didn't
• 6:56
  say silver, but when you call out gold, you're calling out
• 6:59
  silver and say that they're having speculation.
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  Give me a break. OK, give me a break.
• 7:08
  Sorry, my chair is malfunctioning.
• 7:10
  We're going to keep going, though.
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  You know what? This is a live stream.
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  God, God only knows what may happen during this.
• 7:16
  I'm thinking, here's what I think is these guys are tricky.
• 7:19
  Maybe he's trying to talk down gold so that him and his buddies
• 7:23
  can get more into it. OK.
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  And the other thing that Kramer may not realize is that gold and
• 7:29
  silver and the precious metal mining stocks had been beat down
• 7:33
  for so long that where they were starting from was so low that
• 7:37
  where they are now is still continue to be low.
• 7:40
  So we'll ignore Jim Cramer and and let it go at that.
• 7:45
  What about China? Now we're going to talk about
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  the big reasons why what China is doing, what India is doing is
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  so important to both the gold price and the silver price.
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  Let's start with this one, which comes from I believe our friend
• 8:03
  Neils. Yes, Neils over at Kitco.
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  China's relentless gold accumulation will keep prices in
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  a decade long uptrend. Hey guys, we're going to come
• 8:14
  back to this, but I want to I want to talk about this.
• 8:18
  It may be hard for us to to accept this fact and it's a very
• 8:21
  good fact. But I'm going to give you the
• 8:22
  reasons why we could be in for a decade long or longer.
• 8:27
  Even if it's five years, that's OK.
• 8:29
  Very strong bull market for gold and silver.
• 8:34
  We are moving into a period very similar to the 1970s.
• 8:39
  However, the situation we are in now is even more dire than the
• 8:43
  United States was in in the 1970s.
• 8:46
  So it really can happen. OK, All the pieces are in place.
• 8:51
  Stagflation, the feds up a Creek without a paddle.
• 8:54
  We're going to talk about that later.
• 8:55
  But what's going on this week with the Fed?
• 8:58
  But we are in a situation where we can definitely see returns
• 9:02
  like we saw during the 1970s. Look, if you've been investing
• 9:05
  in gold and silver for the last maybe 1015, 20 years, you've
• 9:10
  been through some pretty bad bear markets.
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  But you got to remember history has shown us especially when
• 9:16
  Fiat currencies start to encounter difficulties, you can
• 9:21
  have prolonged bull markets in the precious metals and we very
• 9:25
  well may be in for that. Let's go back to Neil's and see
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  what he's telling about telling us about China.
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  That will be a big, will be a big.
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  What's the word I'm search, searching for will be a big
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  contributor to that. That's not the word, but what
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  the heck? China's relentless gold
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  accumulation will keep prices in a decade long uptrend.
• 9:47
  One paragraph right here. In a report published Monday,
• 9:50
  commodity analyst at Societal Generale noted that's a big
• 9:55
  French bank, that the People's Bank of China has been buying
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  significant amounts of gold over the past three years, but
• 10:03
  official reserves remain at extremely low levels compared to
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  the central bank holdings of developed nations.
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  So what they're telling us is they're not stopping.
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  Then they go on to say while high prices might slow or alter
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  purchase patterns, buying on dips, strategic demand is
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  unlikely to vanish as the accumulation of gold is a
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  geopolitical move, not just an economic one.
• 10:30
  In its latest price forecast, the French bank reiterated it's
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  call for gold prices to push above 4000 per oz.
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  Excuse me, Next year, Sock Gen. sees gold prices averaging $4065
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  an ounce in the second quarter of 2026.
• 10:48
  But wait, there's more. And this comes from Zero Hedge.
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  Who says a headline? Let's get up there to the
• 10:56
  headline. Who says gold hits record high
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  is China moves to de westernized global bullion market and this
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  is a quote from Bloomberg. Yes, like the leading financial
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  news mainstream tells us, they report that the People's Bank of
• 11:17
  China is now this is interesting, is now using the
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  Shanghai Gold Exchange to court central banks in friendly
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  countries to buy bullion and store it within the country's
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  borders. So China's getting all the other
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  Asian countries to buy gold on the Shanghai Gold Exchange and
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  keep it within their borders, said the people, who spoke on a
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  condition of anonymity as the discussions aren't public.
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  So this is top secret, OK? The effort has taken place over
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  recent months and has attracted interest from at least one
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  country in Southeast in Southeast Asia, the people said.
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  OK, but wait, there's even more. We will come back to China in a
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  second. But what about?
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  Are you ready to be shocked? OK.
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  Are you an Indian woman? Are you from India?
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  Are you a woman? If you are, you won't be
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  shocked. But if you aren't an Indian
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  woman, you're about ready to be shocked.
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  Because we know what's going on with the precious metals in
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  India, in China. But I had no idea of this next
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  statistic that has to do with gold and has to do with India
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  and has to do with Indian women. Wait till you hear this.
• 12:31
  Let's just go right down to where I have There's a there's
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  an Indian woman, 2 Indian women buying gold.
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  Guys, this is this was shocking to me.
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  Indian households are sitting on one of the world's largest
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  untapped financial assets, physical gold and women are at
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  the heart of this glittering reserve.
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  Chartered accountant Neetan Kashik in a recent post on X
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  revealed that Indian women alone hold nearly 11% of the world's
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  gold, amounting to about 25,000 tons.
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  That means for every 10 ounces of gold in the world right now,
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  one of those 10 oz. And actually a little bit more
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  is being held by an Indian woman in India.
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  Guys, the world of precious metals is changing like never,
• 13:31
  ever before. China and India, right, to
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  massively expanding economies, each with 1.4 billion people
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  each, right? That's the reason why we can sit
• 13:43
  back and realize that the tailwinds for the gold market
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  and the silver market are robust and will continue.
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  Are you kidding me? Did you know that right, one out
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  of 10 ounces of gold in the world right now are being held
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  by Indian women. I know a few Indian women.
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  My number one woman is upstairs, Susie, as you know, there with
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  the walkie-talkie, but right and Indian people, and I have
• 14:13
  friends that are Indian, they love the precious metals.
• 14:16
  But the big part is those economies, hundreds of millions
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  of people, literally, right, are becoming middle class consumer
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  class in those countries. And these are people that love
• 14:30
  the precious metals on top of everything else, on top of the
• 14:33
  Chinese central bank, on top of the statistics we looked at for
• 14:38
  silver, which are absolutely stunning.
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  Think about this, OK buttercup, think about silver alone.
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  Think about silver, all the tech, all the all the electronic
• 14:50
  and tech demand that is solar demand, battery demand that is
• 14:55
  skyrocketing for silver. Think about the fact that
• 14:58
  investment demand has been like subpar.
• 15:02
  We can only get better, OK, so electronic demand going up and
• 15:06
  then on top of that you could have investment demand going up.
• 15:10
  And then on top of that, the big secret whopper that nobody else
• 15:13
  talks about, but I believe is going to you watch, you watch
• 15:18
  nine months from now, all the other silver and gold YouTube
• 15:21
  people are be saying, Oh my gosh, it took us by surprise
• 15:24
  that demand for jewelry for silver, which currently accounts
• 15:28
  for almost one in five every ounces of silver, one in 520% is
• 15:34
  demanded every year. They're a year from now, they're
• 15:37
  all going to be saying, and I could be wrong and I eat my
• 15:39
  words all the time to think of those three things for silver
• 15:44
  alone, right? Electronics investment in
• 15:48
  jewelry that like all of them have the opportunity.
• 15:52
  They're already robust. But all three of those could,
• 15:55
  could, could create even more significant demand, increased
• 15:59
  demand as we go into the following weeks, months,
• 16:02
  quarters and years. All right, let's move on.
• 16:05
  Chinese stock market is going crazy when it comes to gold and
• 16:08
  silver mining stocks. Let's check that out.
• 16:12
  Again, this comes from King Kong 983-9888, but this is just from
• 16:18
  a few days ago. But today, both Shenzhen and
• 16:21
  Shanghai stock exchanges, am I sharing the right screen?
• 16:25
  Yes, had to halt trading because Chinese stock prices went up to
• 16:31
  their upper limits, OK, Especially the Chinese gold and
• 16:36
  silver miners, they gapped higher, Look, and that's the
• 16:40
  case here in the United States as well.
• 16:43
  The gold and silver mining stocks are just starting to take
• 16:46
  off. The reason why we want to pay
• 16:48
  attention to that on top of the fact that you may be invested
• 16:51
  into some of those mining stocks is as the generalist investors
• 16:55
  and Wall Street realize what opportunity there is within the
• 17:00
  precious metal mining stocks that will bring more people,
• 17:04
  more eyeballs, more money into the entire gold and silver
• 17:09
  precious metals ecosystem. So it's going to be a wild ride,
• 17:12
  guys. Hey, we've got a bunch of Fed.
• 17:14
  Let's talk about the Fed. We got a bunch of Fed speakers
• 17:16
  this week. I had an article, but we aren't
• 17:19
  going to waste our time looking at it because you know what?
• 17:21
  the Fed is losing their potency. Jerome Powell, the Federal
• 17:26
  Reserve, really, let's think about this.
• 17:29
  Take a step back and there's a reason why they're losing their
• 17:32
  potency and that's because silver and gold are calling
• 17:36
  their bluff, right? Silver and gold know the truth,
• 17:40
  which is demonstrated quite clearly by the fact that the
• 17:43
  price of both the metals continues to go up and up and up
• 17:47
  Oh, I forgot I got a big bonus for you.
• 17:49
  I do want to say thank you to 1st Mining Gold.
• 17:52
  They are a development stage gold mining company with two
• 17:55
  multi million ounce projects in Canada.
• 17:58
  You can learn more about them at their website
• 18:00
  firstmininggold.com. I'm actually going to have a
• 18:03
  discussion and interview that I'll post in a few days with
• 18:06
  their CEO Dan Wilton. So you, you can be looking
• 18:08
  forward to that. I forgot.
• 18:10
  Let's go back to silver. OK?
• 18:12
  This is so exciting, right? OK.
• 18:16
  Oh, thank you, Susie. Everybody say hi to upstairs.
• 18:18
  Susie. She wants me to check the price,
• 18:20
  which I will do. I forgot something so important
• 18:23
  about for the third time. I'm going to tell you, demand
• 18:26
  from electronics for silver going up.
• 18:29
  Investment demand can pretty much only go up from here.
• 18:33
  And on top of that, jewelry demand can go up.
• 18:35
  But wait, there's more, right? There's more stable coins,
• 18:40
  right? Those those they're a form of
• 18:42
  cryptocurrency, but we have a potential for big demand come to
• 18:47
  come in from stable coins. Tether, the one that that has
• 18:50
  the gold stable coin XAUT is now actually making big investments
• 18:55
  into gold mining companies because when they issue these
• 18:58
  stable coins, they must have the actual physical metal to back
• 19:03
  them up. There's like one token equals 1
• 19:07
  ounce of gold or one token equals 1 ounce of silver.
• 19:11
  So regardless whether you think or you like crypto or not don't
• 19:16
  like crypto, as these precious metal stable coins and in
• 19:20
  particular silver oriented stable coins continue to become
• 19:24
  more and more popular, that will be another major source of
• 19:29
  demand for silver and the same is true for gold as well.
• 19:33
  I don't know, man. I'm telling you.
• 19:34
  Where is he? There he is.
• 19:36
  Hold on. Right there.
• 19:37
  Remember the old silver bear? He's got a blindfold on that
• 19:41
  says $85. We're going to have a big party,
• 19:43
  and I think we might be having it sooner than we realized to
• 19:46
  take that blindfold off the bear upstairs.
• 19:49
  Susie requested that I go and check on the metals prices.
• 19:54
  So tell you what, let's go. Here we go.
• 19:59
  We'll go to Kitco and share the right screen.
• 20:05
  And we will refresh. Wow.
• 20:10
  OK, so gold is down $17.00, silver down 4 cents, actually a
• 20:16
  lot better than it was earlier. I mean, look, we're not going to
• 20:19
  have all green days in the price of the metals, guys.
• 20:22
  Remember that. I know we've been very spoiled
• 20:26
  over the last weeks and months. No doubt about it, there will be
• 20:29
  red days. That's OK.
• 20:31
  Nothing goes straight up like that.
• 20:33
  Anything that goes up, goes up in a jagged manner.
• 20:37
  The underlying facts, what we have going on in China, what we
• 20:40
  have going on in India, China is, is basically turning gold
• 20:46
  right into money. They're going and they're
• 20:50
  encouraging with the Shanghai Gold Exchange.
• 20:53
  Indian housewives own 11%, right?
• 20:57
  11% of the world's gold. You know, look, we're in good
• 21:01
  shape, OK? I appreciate you being here,
• 21:04
  being part of this wonderful, wonderful journey together.
• 21:08
  Please, again, subscribe to the channel.
• 21:10
  But most importantly, I want you to come back, right?
• 21:13
  Leave a comment. You don't have to agree with me.
• 21:15
  That's how we can learn from each other.
• 21:17
  This is a gold and silver community.
• 21:20
  We're here for each other. Take care of yourself and I will
• 21:24
  see you, yes you next time.