Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 $1,000 Silver 🚨 IS THIS REAL? -- (Silver Price and Gold Price Saga)

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🚨 $1,000 Silver 🚨 IS THIS REAL? -- (Silver Price and Gold Price Saga) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  We are headed for. $1000 silver in the next decade.
• 0:05
  We've got a major. Wall Street bank telling.
• 0:08
  Us that by the end of President Donald Trump's presidency, we
• 0:12
  could have $6000 gold all. Of this, in my mind is.
• 0:17
  Almost a certainty the. Other certainty.
• 0:20
  That we have. Right now is my.
• 0:22
  Appreciation for you joining me here.
• 0:24
  In the basement for a Ron's basement silver.
• 0:27
  And gold focused video we are. We're headed for some good
• 0:31
  times. We're going to talk about.
• 0:32
  All the reasons why for silver and gold, but first let's go out
• 0:37
  and take a look at the silver chart, you guys.
• 0:39
  Have been begging me to to share my thoughts on what's going on
• 0:44
  with Silver right now and. Sure, we got up the right
• 0:49
  screen. Here we go guys.
• 0:53
  We are on the. Chart from Yahoo Finance.
• 0:57
  Silver getting clobbered. Today down. 70 cents.
• 0:59
  Oh my gosh. Silver in the futures.
• 1:01
  Market at $32. And $0.41.
• 1:04
  When we look at a one year. Chart of silver though.
• 1:08
  I want to draw your attention to something very interesting that
• 1:11
  we have occurring. Let me.
• 1:13
  Get out the hold. On here.
• 1:17
  All right, look. Right here is the $30 level.
• 1:26
  Up. Here is the $35 level.
• 1:30
  Look, we have. We have.
• 1:33
  Established a strong what I consider to be based within
• 1:36
  that. 30 to $35 Level the. Critical thing that we're going
• 1:41
  to need to see happen here in the next 6 months, and I've also
• 1:45
  made a bold prediction that we will have. $40 silver by April
• 1:49
  1st of. 2026. Is a break above this $35 level?
• 1:56
  It will happen. I am very confident that we will
• 1:59
  see it happen within the next six months, maybe sooner, and
• 2:04
  that. Will lead us to a silver price.
• 2:06
  By. April first of two. 1020. 6 of
• 2:09
  60. Dollars per oz.
• 2:11
  Now I wanted to zoom out a little.
• 2:14
  Bit and look at silver on a five year chart guys.
• 2:17
  Look, another critical thing going on with hold on here, here
• 2:25
  we go, hold on. All right, Another critical
• 2:34
  thing happening in the silver market if we go.
• 2:36
  All the way back to early. 2023 Late 2022.
• 2:42
  Do you see this? Do you see what I see?
• 2:47
  We. Are headed for good.
• 2:48
  Times in the silver. Market all right, but all that
• 2:51
  aside we've. Got some fundamental key things
• 2:54
  going on with silver that are going to.
• 2:55
  Give us the reasons. Why we could move?
• 2:58
  Easily. Easily.
• 3:00
  In the next decade to $1000 silver.
• 3:03
  I was having a conversation last night with a friend of mine.
• 3:06
  He doesn't really even he owns a little.
• 3:08
  Silver, a little gold and a little.
• 3:10
  Platinum. But.
• 3:12
  Let's just say he's a. Very wealthy guy.
• 3:14
  Self-made, over $10 million net worth.
• 3:17
  He invests mostly in the stock market, farmland and in.
• 3:22
  Commercial real estate. But I was talking with him.
• 3:26
  And I. Was like you.
• 3:27
  Know do you realize? Like what's going on in the
• 3:29
  silver market and laid it out for him.
• 3:31
  He said that he thinks easily within the next 10 years we
• 3:35
  could have this 1000. Dollar silver price.
• 3:38
  And I want to show you some data.
• 3:40
  That if we take. A step.
• 3:41
  Back and consider right. Several factors.
• 3:46
  Affecting. Silver, This is easily.
• 3:48
  Within the realm of. Our possibilities.
• 3:50
  And hey, are you going to be here for the next 10 years?
• 3:52
  I'm going. To be here for the next 10
• 3:54
  years, I want you. To continue to show up here in
• 3:56
  the basement, I want you to feel like you found a little home
• 3:59
  away from home. Where we love to talk.
• 4:01
  About what's going on in the economy, what's going on with
• 4:03
  the. U.S. dollar What's?
• 4:04
  Going on with you right and me, but in.
• 4:08
  Particular silver and gold. Because we love to talk about
• 4:12
  both of them. So please subscribe.
• 4:13
  To the channel, give the video a thumbs up.
• 4:15
  It's a big deal. When you're here, you're
• 4:17
  important, right? And it's a big honor to have you
• 4:19
  joining me in the basement now. This guy I just get.
• 4:27
  So much great information from Let Me.
• 4:29
  Share this first his Twitter profile.
• 4:33
  This is make. Gold.
• 4:34
  Great. Again as the computer.
• 4:36
  Reloads. There he is.
• 4:37
  Make gold great again. He put out.
• 4:40
  A wonderful article. You can find it on his Twitter.
• 4:43
  Profile but look at this data guys.
• 4:46
  OK, I've never really seen it presented this way and I think.
• 4:50
  It makes it crystal. Clear where we're heading when
• 4:53
  it comes to. The silver deficit, like the.
• 4:56
  World is running out. Of silver.
• 4:58
  This says total silver. Demand in red.
• 5:01
  Versus silver supply? Each year 2000. 15 The world
• 5:06
  used 102. Percent of the supply.
• 5:10
  OK. And again, supply is.
• 5:11
  Coming from the. Mines and Recycling 2. 1016.
• 5:15
  Right, there was a surplus 95%. 2017 Surplus 90. 6 percent,
• 5:21
  2000. 18 like. Even like the world.
• 5:24
  Consumed just. As much silver as it as it
• 5:28
  provided, 2019. Same thing 2000. 20 Another
• 5:32
  surplus that's. The end of the.
• 5:34
  Surpluses look at this. Guys 2021.
• 5:39
  We used 109. Percent of the.
• 5:41
  Supply 2020. Two 126.
• 5:44
  Percent of the supply. 2020. Three 120.
• 5:48
  Percent of the supply. In 2024, a 118.
• 5:52
  Percent of the supply. And again, demand measured by
• 5:57
  industry photo, jewelry and silverware.
• 5:59
  Where a supply is what's. Coming from mining and
• 6:02
  recycling. This can only go.
• 6:05
  On for so long. Right.
• 6:07
  The world there's only. You got to get it through your
• 6:10
  thick skull. I got to get it through.
• 6:13
  My thick skull. There's only so much surplus
• 6:16
  silver above ground right here. Here's a 5 oz.
• 6:20
  Silver Bar. From Keith Newmyer.
• 6:22
  'S first met. That's part of the above ground
• 6:25
  surplus, right you've. Got some?
• 6:28
  Probably at your house. But nonetheless, that's a
• 6:31
  finite. Level so we're consuming more
• 6:35
  silver than we create or we mine every year we're consuming more
• 6:40
  and. Little by little by little by
• 6:42
  big by big, that chips away at the above ground surplus.
• 6:46
  I'll ask you a. Question, are you going?
• 6:48
  To sell your silver huh? When it gets to 5060, 100 and
• 6:53
  5600 or 1000. No, no.
• 6:56
  Right. Silver stackers are very, very,
• 6:59
  very. Loyal to their silver.
• 7:01
  Right. And we are.
• 7:02
  Headed it can only go on for so long that the world.
• 7:05
  Can, can, can can. Consume more of anything that it
• 7:10
  makes. In those same laws of supply.
• 7:12
  And demand they do. Apply to.
• 7:14
  Silver, you know what? While we're at it, I want to say
• 7:16
  thank you. I.
• 7:17
  Have a new. Sponsor for the gold.
• 7:19
  And silver content. It is first.
• 7:21
  Meant you can and see the sign right there behind me.
• 7:24
  They are a silver. Mint in Las.
• 7:26
  Vegas, Nevada, the United. States of America, OK, but
• 7:30
  there's some. Really unique.
• 7:31
  Things about First Mint? Right, they make.
• 7:34
  One-of-a-kind. Silver bullion World class
• 7:38
  silver bullion products. But what's really unique?
• 7:41
  About them is that they are owned by First Majestic Silver,
• 7:45
  Keith Newmyer's big silver mining juggernaut company.
• 7:50
  So with with. First Mint.
• 7:51
  When you buy silver from them, you know.
• 7:55
  That. Silver has come directly from a
• 7:58
  mine in Mexico to the Mint in Nevada and then to you, and
• 8:04
  these are unique. Products.
• 8:05
  These are world class products. But during that whole.
• 8:08
  Process. From the mine to the mint to
• 8:10
  you, Did you notice? There's something missing, yes,
• 8:13
  there's no COMEX or no LBMA. So check out firstment.
• 8:17
  I showed you this earlier. I got a number of products from
• 8:20
  them but. This is.
• 8:21
  Absolute Susie loves this. It's a 5 oz.
• 8:25
  Silver Bar. As you can see it says first
• 8:27
  cement right there on it. Let me take you out to their
• 8:30
  website real quick. I.
• 8:31
  Appreciate them sponsoring the gold and silver content and here
• 8:39
  we are on their website. If we go here, let's go look at
• 8:44
  that bar that I showed you, the five ounce silver bar, There it
• 8:49
  is, right? There free shipping on.
• 8:51
  Orders over 199. Dollars beautiful products.
• 8:55
  They also have a really cool silver rounds.
• 8:57
  I'll be showing you those and subsequent videos.
• 9:00
  But check out. First meant OK.
• 9:03
  They've got great service. Right.
• 9:06
  Great selection, unique products, and it's a company.
• 9:09
  You can. Trust This is Keith Neumeyer's
• 9:11
  first Majestic. Silver Oh and by.
• 9:13
  The way I almost forgot. There's a discount code that you
• 9:16
  can use, but don't tell anybody. OK, VIPRB.
• 9:22
  VIP. RB think of Ron's basement and
• 9:26
  there's a link to that in the description of the video.
• 9:28
  Thank you. First meant for sponsoring our
• 9:30
  gold and silver content. It gets even.
• 9:33
  More exciting though, guys when we talk.
• 9:34
  About. This deficit in silver when we
• 9:37
  realize it's being created by China and India.
• 9:41
  Let's go take a look one more time at this great article and
• 9:49
  right look. OK, Highest January silver
• 9:52
  imports to India since metals focus ever started.
• 9:55
  OK, there's Modi, right? India just consuming.
• 10:00
  Massive amounts of silver and then we.
• 10:02
  Have this right? Same thing with China.
• 10:05
  Make gold great again. The silver milkshake theory.
• 10:09
  The Chinese silver. Price always higher, the
• 10:11
  physical market always higher. Than what we have in the United
• 10:14
  States, the Chinese and the Indian economies are absolutely
• 10:21
  sucking the silver. Out of the West, OK.
• 10:24
  They're paying a higher. Price right the.
• 10:26
  Shanghai Gold Exchange, we look at it all the time.
• 10:29
  The price for silver is usually a dollar.
• 10:31
  Or two higher, they're sucking the silver from the.
• 10:35
  West to the east, that can only go.
• 10:38
  On for so long. But it's even more.
• 10:41
  Astounding when you think about the fact that India, for one is
• 10:44
  one of the fastest growing economies in the world.
• 10:47
  We know China again, you know, for the last decade one of the
• 10:51
  fastest growing economies in the world, and both of these
• 10:55
  economies have over 1.4 billion people in.
• 11:00
  In in India alone. Excuse me?
• 11:06
  In India alone, OK. They're they're estimating.
• 11:10
  That like in the next 5 years they're going to have. 100
• 11:13
  million people. That's like a. 3rd of.
• 11:15
  The United States population. 100 million people.
• 11:19
  Moving into the consumer. Class and what do all?
• 11:23
  The products that are. Within reach.
• 11:25
  Now of these 100 million. People.
• 11:27
  What do they all include? What do all the cell phones
• 11:30
  include? What do all the electronics
• 11:31
  include? What are the refrigerators?
• 11:33
  Microwaves. Everything has silver.
• 11:35
  In it. As we have never been in a
• 11:38
  better position as we look out over these next 10.
• 11:41
  Years for silver? To absolutely skyrocket.
• 11:44
  Now look. Here's my disclaimer.
• 11:46
  I'm not a financial advisor. Don't make any financial
• 11:48
  decisions based on what I'm saying.
• 11:50
  This is my truth. You know, I've been a long.
• 11:53
  Term Silver Bull. And I believe Silver's been held
• 11:57
  underwater, but whatever. You do, always.
• 11:59
  Invest money, whether it's stocks, bonds, mutual funds,
• 12:02
  crypto, whatever you're doing. Do it responsibly, but.
• 12:06
  As we move into these 10 years. We've got the deficit.
• 12:09
  That we talked about. And guess what?
• 12:11
  Little. Secret for you, right?
• 12:13
  There's been very little money invested in the silver mining.
• 12:17
  Sector over the last. 10/15/20 years.
• 12:20
  Because the. Margins have been so low,
• 12:22
  there's been no big incentive, right?
• 12:25
  Companies like First First Majestic are.
• 12:28
  Way ahead of the curve. Right.
• 12:29
  They've been continuing to build their business, but that's
• 12:32
  that's an exclusive handful of companies that have focused on
• 12:36
  silver mining. So there's not going to be a
• 12:39
  ton. Of silver available.
• 12:41
  It takes a decade. Minimum.
• 12:44
  To explore for silver. To get permits to build a mine
• 12:47
  to get it. Financed and what not.
• 12:49
  These next 10 years could become extremely interesting for.
• 12:53
  Any of us. Who've decided, right?
• 12:56
  To take what we. Think is a smart move and to
• 12:58
  invest in silver and then on top of it all.
• 13:01
  On top of. It all.
• 13:04
  Right, the biggest factor. That we need to realize.
• 13:07
  And it can be a bit of a wild. Card is the fact.
• 13:10
  That the unit of measure. That we're using right?
• 13:13
  This is. 5. Ounces of silver.
• 13:16
  What do we? What's the unit of measure?
• 13:18
  That we're using to measure it. It's the US dollar.
• 13:21
  Right. If we were in Europe, we'd say
• 13:23
  EUR if. You know, whatever China.
• 13:25
  I'm sorry, Japan, we'd say yen. But if we're measuring.
• 13:29
  Silver in dollars and we. Look at the underlying.
• 13:32
  Fact that using. The dollar is.
• 13:34
  The unit of measure right the. Fact that the dollar.
• 13:38
  Is in. Big, big, big.
• 13:40
  Trouble, right? We can pull up the US.
• 13:42
  Debt clock quickly. Quickly, because we need to keep
• 13:46
  track, these numbers move at such speed.
• 13:49
  There we are, almost. $37 trillion.
• 13:53
  In debt, you know, interest expense at a trillion.
• 13:56
  We know that the deficit now comes in around 2 trillion guys.
• 14:01
  The dollar is. Based on nothing more than debt
• 14:04
  and promises at this point. I don't like.
• 14:07
  To have to talk about it. I'm an American.
• 14:08
  I love my country. I love what our founding fathers
• 14:11
  set out for us. However, the founding fathers
• 14:14
  were not in favor of central banks were not in.
• 14:17
  Favor of debt, right? And certainly are rolling over
• 14:21
  in their graves when they look. At what has.
• 14:23
  Happened on both a fiscal and monetary policy level in the
• 14:28
  United States and one. Thing that we do.
• 14:30
  Like the? To look at here in the basement
• 14:32
  on a. Regular basis, see if we can get
• 14:35
  this to. Work.
• 14:36
  It won't. OK, so you can see.
• 14:39
  See my little yellow finger? Right here, the dollar to silver
• 14:43
  ratio. Just to give you an idea of the
• 14:46
  relationship between the paper. U.S.
• 14:48
  Dollar. And what is going on?
• 14:52
  With the silver market. There's now the.
• 14:54
  Dollar to silver ratio sits at. 1070 That means that for each
• 14:59
  one. Ounce of silver.
• 15:00
  That's being mined being. Produced this year.
• 15:03
  OK, we know it's already being sucked up and used.
• 15:06
  We look at that, looked at that. Earlier, but when you compare
• 15:09
  that one ounce of silver right, that's being that's being
• 15:12
  produced by a miner toiling. Away in Mexico, right?
• 15:16
  That's where a. Lot of our silver comes from for
• 15:18
  each one ounce of silver, your government is creating a
• 15:22
  thousand U.S. dollars via the M2 money.
• 15:25
  Supply so when we. Talk about.
• 15:27
  Unbelievable numbers that can happen and in the silver market
• 15:32
  it's really not that unbelievable when we.
• 15:35
  Consider the important fact. That the unit of measure that
• 15:39
  we're using to measure. Our silver the.
• 15:41
  U.S. Dollar.
• 15:43
  Is is is basically. Unfortunately doomed.
• 15:47
  OK, right. So 10.
• 15:49
  Thousand $1000 silver. $10,000 silver in the next 10 years.
• 15:54
  But you know people. Were were so skewed by recency
• 15:58
  bias. Right, we all believe.
• 16:00
  Like, well, silver's never going to do silver gold, right?
• 16:04
  Look. I sat down.
• 16:05
  Here for for years. Right, I had a.
• 16:07
  Blindfolded Bear with $2500. I said.
• 16:11
  Gold's going to go to 2500. And I think much higher.
• 16:14
  And nobody would believe. It very few believed it a lot.
• 16:17
  Of you. Did because you've educated
• 16:20
  yourself. Right, you pulled your head out
• 16:22
  of the sand. Right, crazy returns for silver
• 16:26
  because of even more factors right are coming.
• 16:30
  That's what I believe. Right, I know a lot of.
• 16:32
  You believe it as. Well, but.
• 16:34
  We could see silver prices that are just.
• 16:37
  Unbelievable. As we move into this next this
• 16:40
  next decade, the big. Question will be let's.
• 16:43
  Say we get the. $1000 silver nine years from now.
• 16:47
  What will a? $1000 buy you.
• 16:49
  Right, like currently let's say 30. $2.00 silver.
• 16:53
  An ounce of silver. Would buy you basically.
• 16:55
  One nice meal at a decent restaurant 9 years from now if
• 16:59
  we have 1000. Dollars silver is that.
• 17:01
  What is that? What?
• 17:02
  We're going to be paying for a decent meal at a restaurant we
• 17:05
  we're going to need. To watch the real.
• 17:07
  Rate of return. I think the real rate of return.
• 17:10
  Will, will, will, will provide or will be robust as we move?
• 17:15
  Into this arena, right? Meaning that instead of an ounce
• 17:18
  of silver buying one nice meal at a restaurant 10 years from
• 17:22
  now, it may buy four or five. Maybe 10?
• 17:25
  Maybe. 20 right and that's. Where we get these?
• 17:28
  Incredible estimates of people saying.
• 17:30
  Oh, you might be able to. Buy a house with.
• 17:33
  A thou a nice. House with 1000.
• 17:35
  Some people say 100. I won't go that far.
• 17:37
  But you might be. Able to buy a decent average
• 17:40
  house for like a. 1000 ounces of silver.
• 17:45
  It's not out of the question again.
• 17:47
  I don't have a crystal ball. But I'm usually right.
• 17:50
  And you can confirm. That with Susie, you guys, you
• 17:52
  guys know Susie upstairs, Susie my.
• 17:55
  Wife. Who communicates via walkie?
• 17:57
  Talkie. She wants to say.
• 17:58
  Hi to everybody. But she's not.
• 18:00
  Here today. Because she is out.
• 18:03
  Taking care of her 92 year old elderly mother.
• 18:07
  So we'll see what happens. We'll see how that all plays
• 18:10
  out. We had a lot more to cover,
• 18:12
  guys. Let's go.
• 18:14
  We're going to move. Over to gold.
• 18:16
  New. News out of Kitco.
• 18:18
  Asia and China, not only are they taking.
• 18:20
  Over the silver market, but they're taking over gold as
• 18:24
  well. And let's get this on the right.
• 18:27
  Screen Here we go. From Kitco and our good friend
• 18:35
  Neil's Christians and we love Neil.
• 18:37
  Asian investors continue to dominate the gold.
• 18:39
  Market. With ETF demand surging in
• 18:42
  April, that came from the World Gold Council.
• 18:46
  Basically, Asia led the. Inflows.
• 18:48
  For 65%. Of net.
• 18:50
  Global total their strongest. Month on record North American
• 18:54
  demand. Was also sizable.
• 18:56
  While European flows flipped negative so.
• 19:00
  We saw a massive. Massive gold ETF fine from
• 19:05
  China. Hopefully, hopefully you guys.
• 19:09
  Can still see me and hear me. Are we having technical?
• 19:12
  Problems. Let me go out to the.
• 19:13
  Comments here if somebody could give me a. 5 by 5 that would be.
• 19:17
  Awesome. But we're seeing again, not only
• 19:20
  with silver. But with gold.
• 19:22
  And not only on the physical. Level, but on the.
• 19:25
  ETF level in China, right? Unbelievable.
• 19:29
  Moves now what about? A6. $1000 gold.
• 19:31
  JP Morgan. If you heard this.
• 19:34
  They're saying that we. Can have 6.
• 19:36
  That thank you Jake. Hey, good to see Jake from
• 19:38
  Jake's custom parts, huh? Everybody type. 444 to say
• 19:42
  thanks to Jake. He's.
• 19:43
  Been part of this community for a long time.
• 19:46
  Thank you, Jake. For being here and being a.
• 19:49
  Moderator, but let's talk about what JP.
• 19:51
  Morgan is saying that we could have $6000 gold by the end of
• 19:56
  Trump's presidential administration.
• 19:59
  Let's go check this out. This comes from mining.com.
• 20:06
  JP Morgan says gold could hit 6 grand when Trump's term ends.
• 20:11
  There's a Trump building in yellow.
• 20:14
  They reinforce their. Bullish case for gold?
• 20:16
  Forecasting prices to rise. $6000 per oz by the end.
• 20:21
  Of U.S. President Donald Trump's current
• 20:23
  term in 2020. 9 It's not that. Far away.
• 20:26
  Guys, an 80% increase on current level.
• 20:33
  Now this scenario, make sure we got the right screen up here,
• 20:38
  which we do if that's just a small OK, this scenario,
• 20:43
  according to its analysts. Could realistically occur with
• 20:46
  just a. Small allocation away from US.
• 20:49
  Assets that is the. Most exciting thing not only for
• 20:52
  gold. But silver as.
• 20:54
  Well, so few. Well, let me read the next
• 20:57
  paragraph. Then I'll extrapolate upon.
• 20:59
  That even with point. 5% of foreign held.
• 21:03
  US assets reallocated to gold that would result.
• 21:07
  In an 18% annual returns and eventually send prices to 6000.
• 21:11
  They wrote that in a note. What they're talking about is
• 21:14
  the fact. That that U.S. financial.
• 21:18
  Assets are are so. Underrepresented.
• 21:22
  Underrepresented by gold, right, The allocation that.
• 21:25
  People have, I've heard .5%, probably closer to. 1% now, but
• 21:30
  on a historic basis, our fellow Americans have almost no money
• 21:35
  in precious metals and it's just a.
• 21:37
  Few right we. Used to talk about.
• 21:39
  This all the time. It's been a couple.
• 21:42
  Months, right? Let's say, let's say that's.
• 21:45
  One in 100 people in the US have money and sell physical.
• 21:49
  Silver or silver or physical gold?
• 21:51
  That's. One in 100.
• 21:53
  Think about this. If that number goes to two in
• 21:56
  100. That's only 2%.
• 22:01
  Excuse me? That's 100% increase in money,
• 22:05
  if that. Number goes from 1:00.
• 22:06
  Percent to 4%, that's 4. Times the money.
• 22:11
  And you better believe the people that hold silver and hold
• 22:14
  gold ask yourself, are you going to sell?
• 22:17
  No, I mean, we could it. It doesn't take takes a very.
• 22:21
  Small increase in the number of people in the United States
• 22:26
  moving into precious. Metals to have a major, major
• 22:29
  impact on the. Price.
• 22:31
  And we know, right? I'm talking to the big bullion
• 22:34
  dealers like like. Gold in it in.
• 22:36
  Particular silver. Sales aren't going crazy in the
• 22:40
  United States. Really.
• 22:42
  No. We know it's happening in Asia.
• 22:45
  Right, because they have a. Different appreciation.
• 22:48
  And a different knowledge when it comes to the metals.
• 22:51
  But it's. Yet to happen in the United.
• 22:52
  States, Let's go back. To JP Morgan, see if they had
• 22:55
  anything else of interest to say.
• 22:59
  While it doesn't seem like much, only amounting to three.
• 23:01
  Percent of total gold. Holdings, the additional demand
• 23:06
  impulse. On a quarterly basis is quite.
• 23:09
  Immense, even. A like we just.
• 23:11
  Said even a miniscule boost in demand can.
• 23:14
  Create a big price. Swing, this is JP Morgan, right?
• 23:18
  These are the guys that like to manipulate.
• 23:20
  The gold and silver. Price.
• 23:21
  This is JP. Morgan saying this.
• 23:24
  While hypothetical, the scenario illustrates why we.
• 23:27
  Remain Why we remain? Structurally bullish.
• 23:29
  On gold and think that prices have much, much further to run
• 23:35
  and what's. Going on with.
• 23:36
  Costco, our Americans, we have to ask ourselves.
• 23:39
  Starting to wake up? Right, we get more and more.
• 23:41
  News out of Costco the Costco moms, the Costco dads, they're
• 23:45
  ahead of the curve, right? The Gold Rush.
• 23:47
  Continues selling out in hours and now.
• 23:50
  They're putting on purchase. Limits got a couple things.
• 23:56
  Highlighted here wholesale retailers 24 karat gold.
• 24:00
  Bars have gone viral again, disappearing from inventory.
• 24:04
  Costco's website. As of the writing of this
• 24:06
  article, now restricts members to only buying 2 bars in a 24
• 24:10
  hour period purchase limit of two.
• 24:14
  Read the notice. This is a non refundable and non
• 24:17
  returnable social media posts like on Reddit quickly noticed
• 24:22
  the change and shared their opinions in the gold buying
• 24:24
  craze. Best investment right now?
• 24:26
  One user commented I saw it on the news and Americans are
• 24:29
  buying gold. To safeguard their.
• 24:31
  Savings from the current chaos. Once it hits the news, it
• 24:34
  becomes a bad idea to jump on the trend as a buyer.
• 24:38
  If we get to the point where the dollar is worthless, we've got a
• 24:41
  lot of other stuff to worry about besides money, Somebody
• 24:44
  said, OK, all right guys. So that's.
• 24:47
  What's happening in the? World of precious metals.
• 24:50
  We've really yet to see ask. Yourself.
• 24:56
  Ask yourself this question. Right.
• 24:58
  Are your neighbors talking? I live in a middle, upper,
• 25:01
  middle. Class part of Saint Louis.
• 25:03
  You know, my neighbors are just starting.
• 25:06
  To ask and wake up. I told you guys like 2.
• 25:09
  Three years ago, nobody was like ghost town if I was at the
• 25:13
  neighborhood swimming pool and one of my.
• 25:15
  Neighbors swam. Up and I didn't.
• 25:16
  Feel like talking to him I knew the best way to get rid of.
• 25:19
  Them was to start talking about gold and.
• 25:20
  Silver. It worked.
• 25:24
  I don't know if that's going to work.
• 25:25
  This year. People are waking up people.
• 25:28
  Are realizing what's going on in the United.
• 25:31
  States with the US dollar and I want to show.
• 25:34
  You a quick video. OK, I'm.
• 25:35
  Going to do that? One second.
• 25:36
  First I want to say. Thanks to my other channel
• 25:38
  sponsors, Ledger. Ledger is the premier.
• 25:43
  Right, Hardware wallet, Crypto security company.
• 25:45
  You can learn more about them at ledger.com and Moon Pay.
• 25:49
  Moon Pay is a leading fintech company, if you haven't heard of
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  Moon Pay. You will.
• 25:54
  Soon, it's a big. Honor to have.
• 25:56
  These two premier companies also sponsoring Ron's basement now.
• 26:00
  Let's watch this video. Now don't get mad at me.
• 26:03
  Don't get mad at me. Don't get mad at me, but I want.
• 26:07
  You to watch this with an open mind.
• 26:10
  We'll watch the 1st. 18 seconds. This came from Bitcoin Magazine,
• 26:16
  but it shows unbelievable how much.
• 26:21
  Being rented in the. United States, hold on here.
• 26:25
  We'll start at the. Beginning OK, listen to.
• 26:28
  This we'll just do. 18 seconds. Make sure you can hear that.
• 26:36
  Hold on here. Hold on.
• 26:42
  And I got to make sure that I'm sharing this, which I'm not.
• 26:46
  There we go. OK.
• 26:47
  I knew something was a mess. Hold on guys, this is worth the.
• 26:51
  Wait, welcome to live. Streaming in the basement.
• 26:56
  OK, here we are. All right.
• 26:58
  Get ready. Get out your.
• 26:59
  Popcorn 18 seconds of dollar dollar.
• 27:04
  Well, you know what I want to say.
• 27:23
  OK. I had.
• 27:25
  No. Idea 26,000 Shipping containers.
• 27:30
  Think of those big. 40 foot shipping containers 20. 6000 of
• 27:34
  those per year, that's the. Equivalent of how many paper
• 27:39
  dollars our government is printing and.
• 27:43
  You know, they want us to think that.
• 27:45
  It's a store of value. No, right.
• 27:48
  It's paper. It's based on debt.
• 27:51
  It's based on nothing. Right, there's a great new Ray.
• 27:54
  Dalio 4 minute video out. About when Nixon took.
• 27:57
  Us off the gold. Standard in 1970.
• 27:59
  One. Why?
• 28:00
  I mean, it's real. It's real.
• 28:02
  Obvious. Why did they do?
• 28:03
  That because the gold. Standard and the Silver Standard
• 28:08
  impose discipline upon our government.
• 28:10
  They just wanted to print print, print.
• 28:12
  Print. Look.
• 28:14
  It's real easy, guys. When you can just.
• 28:17
  Print these at nauseam. When there's no limit.
• 28:21
  On what can be done with them, right?
• 28:23
  How could they be? How could they not lose value?
• 28:26
  And I'm very sad about it. Don't get me wrong, I love this
• 28:29
  country. The Founding Fathers in the US
• 28:32
  Constitution, specifically. Said the gold and silver are the
• 28:36
  real forms of money. So we're.
• 28:38
  Not we're patriotic when we talk.
• 28:40
  About this it's. Incredible.
• 28:42
  What is? Going on and.
• 28:44
  Again when we talk. About $6000.
• 28:46
  Gold by. The end of President Trump's
• 28:49
  current term, when we talk about $1000 silver and I got news for
• 28:54
  you, I think that's low in the next 10 years.
• 28:58
  Right, we have to. Remember that we're talking
• 29:00
  about, we're measuring. Or measuring this, we're
• 29:05
  measuring this with this, OK, right.
• 29:09
  We're measuring this silver gold with this paper.
• 29:15
  This is finite. And whether it's gold.
• 29:18
  Or silver. This right is not cannot be just
• 29:22
  randomly printed. It takes an immense amount of
• 29:25
  work. This is from First Mint, 5
• 29:27
  ounces of silver, right? So I know that sometime over the
• 29:31
  last year, right? Men and women in Mexico.
• 29:35
  At a first majestic mine toiled away.
• 29:37
  To create this. And then it went to the went to
• 29:40
  the mint and in in Las Vegas and more.
• 29:43
  Work was put in to create this this.
• 29:46
  Can just be created out of thin air Unlimited OK.
• 29:52
  Anything that's finite. Not just silver land any of it
• 29:56
  will when you measure it in these, but the just a.
• 30:01
  You know, put put them in your hand.
• 30:04
  It's going to. Go.
• 30:05
  It's it's it's if. You're going to measure it in
• 30:07
  dollars and. I know, right?
• 30:10
  I get a I've always gotten a lot of.
• 30:11
  Flack right I. Got a lot of Flack when I said
• 30:14
  gold. Was going to go above 2500.
• 30:16
  Yeah, go 2500. Oh, you're crazy.
• 30:20
  You're a pumper. You're a shill.
• 30:22
  You're a paid shill. No, I'm not a paid shill.
• 30:24
  I. Believe it in my heart I know it
• 30:27
  and I think in the next 10 years I'll be. 60 how old are you?
• 30:31
  I'll be 65 years old. Tell us how.
• 30:34
  Old you? Are in the.
• 30:34
  In the comments. All right, or tell us you know
• 30:38
  better yet. Tell us where you're joining
• 30:40
  from because we are getting together.
• 30:41
  We love to talk about gold and silver.
• 30:43
  My. Final point on Silver.
• 30:44
  Is. It can be more than I'm going
• 30:47
  to. Be alive in 10 years.
• 30:48
  Sorry. OK, butter cups.
• 30:50
  I'm going to be here and. I will see Silver above 1000.
• 30:56
  I wouldn't be shocked. If it was multiple.
• 30:58
  Thousands, 10,000, I don't care. Right.
• 31:01
  That's what I believe. All right.
• 31:03
  Guys if you want me to give. You a shout out hey.
• 31:06
  Let's see where we're all. Joining from.
• 31:08
  All over the world. Basement dwellers, anybody?
• 31:11
  Out there, I know Jake's in Texas.
• 31:14
  Our children will benefit. OK, new.
• 31:16
  Orleans Awesome generational wealth.
• 31:19
  Hey, Debbie, good to see you. OK, Papa, where else?
• 31:25
  Jake? From Jake's custom ports.
• 31:27
  Hello, Steve. Horn, Alaska, California.
• 31:31
  Wow. Sacramento, CA, Pennsylvania,
• 31:38
  Minnesota. Isn't it awesome?
• 31:41
  We're all. Basement dwellers.
• 31:42
  We're together. Here in the basement.
• 31:43
  Wow, what an honor, guys. What an honor.
• 31:47
  Central Florida. That's where Disney World is,
• 31:50
  right? Douglas, Orlando, Central
• 31:52
  Florida. All right, guys.
• 31:54
  Hey. Thank you for being here.
• 31:55
  Thanks for being part of the basement again, please.
• 31:58
  Like share? Subscribe to the channel
• 32:00
  Oklahoma, Michigan. Not John.
• 32:03
  North Georgia. Mountains, Tennessee.
• 32:06
  Brandon. Wow, you guys are awesome.
• 32:08
  Fort Lauderdale, FL man, it's incredible.
• 32:11
  Sweden. I was just going to say we don't
• 32:13
  have anybody from from Europe. Good to see you my friend.
• 32:16
  Mao string in Sweden. Sweden.
• 32:18
  Two people in Sweden, you know? Susie.
• 32:20
  This Susie. Can you see her?
• 32:22
  Yeah, this one. Usually she's on the.
• 32:24
  Walkie-talkie. That's my wife, Susie.
• 32:26
  She's. Swedish moo moo.
• 32:31
  All right, guys. Hey, take it easy, OK?
• 32:34
  I really appreciate. You coming down here being part
• 32:37
  of the basement, right, I hope. You feel like you.
• 32:39
  Belong, because you do belong. We don't judge anybody.
• 32:42
  You can have your own opinions. About silver, gold, politics,
• 32:46
  whatever. Crypto.
• 32:47
  No crypto. Whatever your your opinions are,
• 32:51
  you're always welcome here. Right, this is a.
• 32:53
  Welcoming community, people that want to help each other.
• 32:56
  A lot of friendships have been made.
• 32:58
  I want you to come back. Again, please subscribe to the
• 33:00
  channel and I'll look forward to seeing you next time.
• 33:05
  Have a great day, bye bye.