Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / China and Russia to Catalyze $3000 Gold - (and $50 Silver)

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China and Russia to Catalyze $3000 Gold - (and $50 Silver) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:00
Could we soon see $3000 gold, $50 silver?
0:04
The BRICS countries maybe not going all the way and starting
0:09
an official gold backed currency, but what about this
0:13
prospect of them just revaluing gold?
0:17
We're going to talk about that in this video and a lot more.
0:20
I listened to Andrew McGuire speak last night.
0:23
He's that British whistleblower that had had done a lot of work
0:27
in the metals markets, the London Metals Exchange, all
0:31
that. He brought up some points about
0:33
revaluation of gold, and I've got a lot more to add to it
0:37
myself that I think we're not giving proper attention to the
0:41
fact that gold could be revalued and it could happen sooner as
0:46
opposed to later. And if gold gets revalued to
0:49
$3000, basement dweller you where do you think silver's
0:54
going to go? Where do you think if we get
0:57
$3000 gold, the price of silver will go?
1:01
I'll tell you right now, I think silver will easily go to $50 per
1:06
oz and I'm going to ask you to type it in.
1:13
Hold on. Nope, that's wrong. 50 type.
1:18
What you think if we were to get gold, it could happen.
1:21
It could happen very quickly. Revalue to something like $3000.
1:27
Heck, we've got people telling us we could get $3000 gold.
1:30
David Hunter is saying we could get the $3000 gold within the
1:34
next eight months, right, even without a revaluation.
1:38
But nonetheless if this re bricks revaluation art is to
1:42
occur, was to occur and we get 3000.
1:46
What do you think silver would be at?
1:47
We got a lot of 50s. Hey, hello, Lone Ranger.
1:51
So it's one O 1. Chris Stern, 5001 thousand
1:55
dollar. Yeah, woof.
1:56
I like the way you think. Mr. Chris, Chris Stern, Jim M
2:00
good to see you Mr. Jim. Hope you're feeling good, 50
2:03
plus. All right, guys.
2:05
Let's dig in though, to the meat of what's going on and put some
2:09
pieces together here as to why we could see a revaluation.
2:13
We know there's bifurcation, right?
2:16
That means that's a fancy way to say splitting.
2:19
Things are being bifurcated in the world right now between the
2:22
East and the West. It's happening.
2:26
It's not being fed to you through CNBCCNN, Fox News,
2:31
MSNBC, any of the mainstream. the Today show that Susie
2:35
watches every morning drives me a little crazy.
2:37
It's not being fed to us through there.
2:39
We have to dig in to know what's really going on.
2:42
It's a crying shame. And I'll just say this quickly,
2:45
I don't know if you feel this way, but that our mainstream
2:48
media isn't covering what's probably one of the most
2:52
impactful stories of our lives. Nothing is going to change how
2:57
we and our children and grandchildren experience the
3:01
world in the coming 50 or 100 years, like this bifurcation
3:06
that's happening right now. If you listen to Vladimir Putin
3:10
when he spoke with Oh my gosh, what's the guy's name?
3:13
Oh my gosh, how can I not remember?
3:15
I love him. Oh, my gosh.
3:18
Somebody type it in quick. I'm having a senior moment.
3:22
Who did Vladimir Putin just talk to?
3:24
I've got the X Fox News anchor. I want to say Hunter, but his
3:27
name's not Hunter Tucker. Oh, wow.
3:32
I told you I'd make a video every day and you get to watch
3:34
me degrade. That was my memory.
3:36
Degrading. Tucker Carlson.
3:39
Vladimir Putin pointed it out many times.
3:41
How the world is splitting. So look, that's just a broad
3:45
stroke, right? We've got this bifurcation, the
3:48
BRICS, Brazil, Russia, India, China, South Africa.
3:51
We have Iran, Saudi Arabia, Ethiopia, Egypt and the United
3:57
Arab Emirates. We have 10 countries in the
4:00
BRICS right now. We have like 10 zillion pretty
4:03
much. The rest of the what?
4:04
The rest of the rest of the world of the rest, the rest of
4:08
the West, the rest of the rest of the world besides the G7
4:12
appears to want to join the BRICS countries.
4:14
So we know that's going on and we know the dollarization is
4:18
happening. We know, OK, no one has said
4:22
that they took gold revaluation. They have not said that they've
4:26
taken off the table. Remember the big story during
4:29
the summer that me? Yeah, I'm, I'm included.
4:33
But all the big commentators were saying we had this
4:36
possibility of getting an actual gold backed currency announced
4:42
over the summer, but they haven't taken that off the table
4:45
and we don't even need that. All they need to do is revalue
4:50
gold. Let me get into more of the meat
4:51
here. I'm sorry.
4:53
All right. You've heard this a zillion
4:54
times, but it's a pertinent point.
4:56
OK? These are the these are the
4:57
signs of what could be coming with this gold revaluation,
5:02
which again, would send the silver price soaring.
5:05
Have you heard it 16 zillion times?
5:08
I know you're sick of hearing this specific point, but the
5:11
world central banks are buying gold like no other time in
5:14
history, like in the last, I don't know, since 1950.
5:17
It's absolutely crazy. What is going on?
5:20
OK. We know that's going to, we know
5:24
what else do we have as an indication that the world is
5:27
moving away from the dollar into different means of transacting
5:32
and that is that there's a massive growth in countries
5:35
moving away from the dollar to conduct transactions, the United
5:40
Arab Emirates and China, China and Iran, Russia and Iran.
5:44
Russia. No, I mean, everybody that used
5:46
to use the dollar is now slowly moving away from the US dollar.
5:53
OK, #3 explicit statements. OK.
5:59
Putin said it when he was talking to Tucker.
6:01
See, I remember now, I can't believe I forgot Tucker
6:04
Carlson's name. Like him or hate him.
6:08
That was very impressive that he had this interview with Putin
6:11
and and Putin said it all. China has said it, the the the
6:16
Saudi Arabians have said it. We're moving away from the
6:19
dollar. Hello, America, they're moving
6:22
away from the dollar. OK.
6:25
We do get statements still from them that they could be moving
6:29
towards commodity based currencies.
6:31
OK. Now we got another massive clue
6:34
that we're going to talk about regarding this potential for
6:37
revaluation, but let's get through this list.
6:40
Those are growing economies and as we talked earlier, the number
6:44
of countries and the bricks are continuing to grow.
6:47
The number of countries that wanna join the bricks.
6:49
Every day we hear about a new country and we gotta dig to find
6:54
that information that wants to join the bricks.
6:56
Hello, Daniel. Bye, Chris.
6:58
A Ding Dong. OK, I will.
6:59
Absolutely. Thank you for the Super chat,
7:01
Daniel. Thank you for being here.
7:04
Basement dweller on a Sunday morning.
7:05
Let me take this quick opportunity to talk about the
7:08
number one most important thing about this video and that's you
7:12
joining. If you subscribe to the channel,
7:15
all the content is free. Turn on the little bell
7:18
notification. All right.
7:19
We put out info about gold and silver, and we're going to have
7:23
a big party when gold hits 2500. Silver, where's that silver
7:29
bear? Can you see him?
7:30
He's hiding back there, $85 and platinum 2500.
7:33
But nonetheless, we want you to come back to the basement.
7:36
You are the most important part. Thank you for being here.
7:39
And if you could please take two seconds and find that button
7:43
press thumbs up that helps us get the word out to more and
7:46
more people. And honestly, I'm selfish.
7:48
It makes me feel good. Like you like what I'm doing.
7:51
OK. The thumbs up is a nice gesture.
7:53
Thank you very much, Gold. Here's the bottom line on this
7:59
situation, OK. the United States has been the hegemony power of
8:05
the world for the last 50 or so years.
8:07
You know, we kind of defeated the Soviet Union.
8:10
We've ruled the world. The dollar ruled the world.
8:13
The dollar really was the hegemony power of the world.
8:18
We're moving away from that, number one, OK.
8:21
But what is emerging and what people like me, do you feel this
8:27
as well? What is emerging?
8:29
Because now you've got all these BRICS countries and let me tell
8:32
you a fact, OK, it's not like they all are best friends.
8:37
You know, they they don't trust the US dollar, but they also
8:43
don't trust each other. So what do you think they would
8:46
trust? Something like silver.
8:50
Something like gold. Put it together.
8:53
Right. All these countries, a majority
8:56
now of the world population. A majority of the world's
8:59
resources. Hold on a second.
9:02
There might be a family emergency, So I want to pick up
9:05
this phone call. I'm sorry.
9:06
I'll be back. I'll be back.
9:08
I'll be back. Hello.
9:12
Hello. Yeah.
9:15
Hey, Mom. Can I call you back?
9:19
Yeah. I'm in the middle of a live
9:20
stream. Is everything OK?
9:27
She's at the basketball game. OK, OK.
9:31
That's OK. Love you.
9:33
Bye. Bye.
9:35
Sorry, guys. I'm sorry.
9:40
How many people left? I apologize.
9:42
That was my mother calling me. She's How old is my mom?
9:46
79, and I thought it might be a family emergency.
9:49
That's the bat phone that mom calls on.
9:51
Anyway, let's get back to this. And I do apologize, but you know
9:55
what? You probably are like me.
9:56
And I'm not going to start crying.
10:00
I'm tearing up. But I'm not going to cry.
10:02
I promise. Family is most important in
10:05
life, right? That's you and me, right?
10:08
We're kind of a little family here, but our real families are
10:11
are #1. So I apologize.
10:15
The big key point we want to take here, the big key take away
10:18
is that is that these countries don't trust each other, OK?
10:24
They don't trust the dollar. They're afraid of the
10:26
weaponization of the dollar, but they don't really trust each
10:30
other all that much either. What are they going to trust?
10:33
Gold. Silver.
10:35
OK, that's a fact. That's that's what we have to
10:39
look forward to. Could they revalue gold?
10:42
Now Andrew McGuire, I've heard him talk about this a couple
10:45
times and I don't want to put words into Andrew Mcguire's
10:48
mouth, but I think it's a just an awesome and realistic
10:52
scenario. Like we don't know how much gold
10:55
the Chinese have. We don't really know how much
10:57
gold the Russians have. We don't really know how much
11:00
gold a lot of these big BRICS related nation central banks
11:04
have and at some point if they want to, they can, they can push
11:09
a button, baby. They can push a button and
11:12
revalue gold and do it very quickly.
11:15
There's this idea, you know and if we get this $3000 gold, if we
11:19
get $4000 gold, where do you think the price of silver is
11:23
going to go? We talked about that earlier.
11:24
It's going to go through the ROOF.
11:27
The roof. OK.
11:29
Roof. Roof.
11:29
Right. There's not that much gold in
11:32
the world. China, I've heard it's been
11:34
said. They could, they could come over
11:36
and wipe out all the gold in the Comex in an hour if they wanted
11:39
to. The physical gold that's there.
11:41
Silver's even crazier. I looked it up this morning.
11:44
Let me give you some statistics from the COMEX.
11:47
I went to the Comex website and downloaded this big report
11:51
because I said how much I've been saying they got about 30.
11:54
I was wrong. I have to be honest.
11:56
I've misrepresented this. I didn't do it on purpose, but I
12:00
was wrong. I kept saying, oh, the Comex has
12:02
about 30 million ounces in their registered category.
12:05
The Comex is the world's biggest electronic exchange for trading
12:09
silver, trading gold, right. We know that they trade paper
12:13
silver. They manipulate the price.
12:16
They trade sometimes in the matter of an hour, an amount of
12:21
silver that's equal to like 25% of the world's production.
12:25
But when we talk about the Chinese or the Russians
12:29
revaluing gold, revaluing silver, I want you to think
12:33
about this. This is mind blowing, absolutely
12:36
mind blowing. So I go to the Comex website, I
12:39
download their report or something.
12:41
I forget what they called inventory report.
12:44
I tried to print it, but it's I think they like purposely make
12:47
it hard to print because they kept printing like on 8 pages
12:50
with like half the page on anyway.
12:52
Nonetheless, you you know what it's like printing frustrations.
12:57
I was shocked to learn, OK, the registered category, that's the
13:03
silver that's available to settle all those paper Unicorn
13:07
fart desk contracts, 42,000,000 oz.
13:11
So then I got out my calculator and I multiplied 42,000,000
13:15
times $22.50 and it comes to about $950 million.
13:21
Nine, 150 million. Where are we not, don't you?
13:25
I mean, we're in a day and age now where we talk about
13:30
billions, trillions, right? No, the total value of all the
13:36
silver on the Comex available to settle all the contracts, all
13:40
the paper contracts that are levered at 2830, whatever it is,
13:44
the one right could be bought for $950 million.
13:49
Correct me if I'm wrong, but I'm real confident that I'm right on
13:53
that. You're trying to tell me that
13:55
the Chinese couldn't wipe out the.
13:57
I mean, Elon Musk could wipe out the silver inventory in like 1
14:02
minute. OK, it's crazy.
14:05
And what blows my mind even more, OK, just blows my mind is
14:10
that people say, oh, silver's not a monetary metal, silver's
14:15
silver, blah blah. Then I ask you this question.
14:19
OK, OK. Fathom by Ripple on this one.
14:24
Why, when I open Yahoo Finance at the top of the screen do I
14:27
see the Dow Jones Industrial Average, the S&P 500 and also oh
14:34
wow, I forgot about that. Thank you, Jim.
14:36
And we got a big announcement here in a little bit the the,
14:39
the Dow Jones Industrial Average, the S&P 500, the
14:44
whatever the not the Wilshire 2000, but the whatever, the
14:48
small cap index. And then next to that gold and
14:52
next to that silver. Do you imagine that silver that
14:56
they're showing up there, that entire market in the United
14:59
States is worth about $950 million or that's all that's
15:04
backing it. Compare that 950 to the total
15:08
market cap of the value of the S&P 500.
15:12
It's like one one millionth of 1%.
15:16
It's insane. It's very interesting.
15:19
We got a big announcement, Basement dwellers.
15:21
Let's all wish Coin Shop Chris Happy birthday.
15:25
Today is February 11th. Yeah, yeah, it's Coin Shop
15:30
Chris's birthday. Everybody, please say happy
15:33
birthday to Coin Shop Chris. Woo, he's clapping.
15:37
He does a lot for this channel. He's here on the live stream.
15:40
Hey, if you want to do something nice for Coin Shop Chris on his
15:43
birthday, you can send a super chat to Chris or you can go to
15:50
the description of this video or any video and there's a link to
15:53
his PayPal address and maybe send him a couple dollars.
15:56
Tell him to go buy a box of Ding Dongs.
15:58
Happy birthday to you Coin Shop Chris.
16:00
You are a critical part of this channel and a great friend.
16:04
Happy birthday. No I won't sing.
16:06
People don't like when I sing. We're going to talk more about
16:09
silver and gold, but when it comes to friends, Coin Shop,
16:11
Chris, is the gold standard. OK, OK, we got more to talk
16:22
about. Oh, yeah, Let's, let's talk one
16:24
more thing, OK. When gold gets revalued by the
16:26
bricks, here's another way. Here's another way they could
16:30
easily do it. OK, Right now 1g of gold
16:34
basically gets you one barrel of oil.
16:38
All they would have to do because the BRICS countries,
16:41
they kind of control the oil market now is say you know what,
16:45
we're changing things guys. Now for one gram of oil, you get
16:50
2 barrels of oil. And this over here, the barrels
16:54
of oil from a market perspective are way bigger than this one
16:59
gram of gold. So these will change the price,
17:04
these won't change in price. The two barrels of oil now would
17:07
be instead of being worth when it's one to one $70.00, now it's
17:17
140. That makes the price of gold
17:20
double. Sorry, bear.
17:27
Bear with me, everybody. Hey, we got a a gift for coin,
17:31
Chef Chris. All right.
17:32
Woo Hoo. Yeah.
17:35
And he'll and he will attest that I do send him his super
17:38
chat money. OK.
17:39
Coin shop. Chris.
17:40
Happy birthday from Long live coins.
17:42
All right. That's nice and even got some
17:45
thumbs up. So that's another way that we
17:47
could see gold revalued easily right.
17:49
Let's just let's just they they just, you know Saudi Arabia says
17:53
you know what we're we we're repricing and remember this that
17:58
I forgot about this. Remember right after the the
18:01
when the Ukraine war started the Russians actually pegged the
18:06
ruble to gold. We kind of forget about that,
18:09
right. Remember the ruble's rubble?
18:11
Remember everybody saying oh the ruble's going to crash the
18:13
ruble's rubble. And look I'm an American I'm
18:17
excuse me patriotic is you and anybody else.
18:21
But the ruble hasn't crashed, and the Russian economy didn't
18:25
crash as a result of all of the sanctions, all of the aggressive
18:30
actions taken by the West. And what does that tell us?
18:35
That tells us that the bricks are strong.
18:38
Look, I'm not rooting for them. My kids live here in the United
18:42
States of America. I'm just reporting the facts.
18:45
It may not be convenient, it may not be what we want to hear, but
18:49
the reality is we threw everything but the kitchen sink
18:52
at the Russians from a sanctions perspective.
18:55
We we we seized money from them. We did everything.
18:58
And they're doing just fine because they're they're working
19:02
with the Chinese, the Iranians. I mean all.
19:04
I mean the the bricks. OK, So this this really, really
19:08
could happen. OK, I wanna ask you a quick
19:15
favor. I did an interview with ACEO of
19:19
a copper mining company. His name's Max Porterfield.
19:23
The company is Kalanx. I don't know if you like copper
19:26
or not. I, I, I, you know, I'm a silver
19:29
and gold guy. Sure, we know the story on
19:31
copper. Huge demand coming through for
19:34
copper, just like silver. But I'm going to tell you to go.
19:38
Please go watch the video. I'll put a link to it in the
19:41
description of this video. This guy was super interesting
19:45
when he was a kid. He told me he used to carry
19:48
around. I asked him, like, tell me
19:49
something about yourself, he said.
19:50
When I was a kid I used to carry around a treasure chest with me
19:54
because I love searching for treasure, he said.
19:57
And now I get to do it as my as my full time profession and
20:03
they're searching for copper and finding big copper deposits in
20:07
Canada. Now what else is interesting
20:09
about this situation is the town Flynn Flan.
20:13
Has anybody ever heard of Flynn Flan?
20:15
I will ring the bell in just one second.
20:17
I'd really never heard of it, but it's a fascinating little
20:20
mining town and that's where they're where they're looking
20:23
for all this copper. And it's a really warm story
20:26
because this town had been a copper mining town for like, I
20:30
don't know, 100 years. HUD Bay had had a big mine, was
20:33
the last big mine there. But in 2022, the last mine shut
20:37
down. So this town is on hard, hard
20:39
times. And now Kalinex and Max
20:42
Porterfield are up there right outside the town finding high
20:47
grade copper, OK, real high grade.
20:50
And remember this is in Canada. It's not in the middle of some
20:54
far-flung country. It's in Canada.
20:59
So it's very interesting. And the final thing I'll say
21:01
about that I find interesting about this is that Max and his
21:05
family, like his parents and relatives, own 10% of the
21:09
company. And I always look at that as a
21:11
super positive thing because he's got skin in the game.
21:16
And on top of that, he has his family, you know, relatives
21:19
invested in the company. And to me that means he's super
21:23
motivated, super aligned with shareholders.
21:26
He's a really nice guy. Please check out the video.
21:29
Check out the company, Calinex, CALLINEX now.
21:33
Oh, I got to ring the bell then rings of the bell for you
21:37
basement dwellers. So we're talking about this
21:44
revaluation of the gold price that the, that the Russians or
21:48
the Chinese could press a button like a you know, I've heard some
21:53
people say it's like like nuclear war without any bombs,
21:57
right. Like it would shock the because
21:59
the Fed is trying, is fighting and doing everything they can to
22:04
suppress the value of gold and silver.
22:07
We've established that many, many, many times.
22:10
But what other indications are we seeing that things are
22:16
changing? One of the biggest indications
22:18
we can look at is the strength of the gold price and you, you
22:22
and silver. Right now I know silver is not
22:25
high, but silver has been strong.
22:28
We talked about the last year. Silver doesn't want to go below
22:33
$22.50. Gold has been above $2000 for
22:38
like, I don't know, 13 of the last 14 weekly closes.
22:43
And the dollar recently has been going up, up, up, which should
22:47
be pressing down, down, down on gold.
22:51
But why is that going on? Because the world has changed.
22:54
the Fed is doing everything they can.
22:57
Hello metal sear to push down. Thank you for the Super chat,
23:02
I'll read it 1 SEC. The Fed is doing everything they
23:07
can to push down the price of silver and gold.
23:12
But there's other forces at play and this aligns with what we
23:17
first started talking about, that these BRICS countries are
23:21
accumulating massive amounts of gold.
23:24
I think there's a big, big war going on right now and it's
23:27
indicative to us that they can't get the price of gold down.
23:33
That the that the West is losing some of its power.
23:41
The times they are a changing. Do you think the times are
23:44
changing now? You know what?
23:45
I'm going to ask you to participate if you do type
23:49
change. OK, let's go up here.
23:53
Hold on a second. We got a nice super chat from
23:56
our friend Metal Sear, he said. On June 4th, 1963, Kennedy
24:02
issued Executive Order 111110 authorizing the Secretary of
24:07
Treasury to issue silver certificates.
24:11
It was his way to get around the Federal Reserve.
24:13
Sorry for that cough. I'm going to mute in the future
24:15
when I cough. Yeah, I've heard a lot about
24:19
that and I don't know a lot about it, but yes.
24:22
And some people think that that may.
24:24
I don't want to be a tinfoil hat conspiracy theorist, but may
24:27
have something to do with future events.
24:31
How they transpired for JFK that he had actually issued and I
24:35
have a friend on North Carolina that actually has some of these
24:42
silver certificates that were issued by the Fed.
24:47
So, but then it went away. It's very interesting and that
24:51
was happening in the 60s. So who knows?
24:53
You know? Who knows?
24:55
Who knows? Let me get back to what I was
24:58
saying earlier. They can't beat down the price
25:01
of gold now. They're probably at the Fed with
25:03
us right now. We probably.
25:04
Hello, Fed people. Welcome to the basement.
25:07
We know you watch us. OK?
25:08
Don't worry. I won't get the Jerome box out.
25:12
But I want to warn you. I want to give you a stark
25:15
warning. I wouldn't be shocked.
25:18
And I think it's a 12.3% chance that this could happen that we
25:24
don't have another one of the what I call Sunday night
25:26
smashdowns. OK, be prepared.
25:29
Emote. Mentally, emotionally.
25:30
I remember last time it happened, Susie and I never go
25:34
out to eat, but we were out to eat at a little restaurant in a
25:36
place called Old Saint Charles. It's where Lewis and Clark went
25:39
through their anyway. And I looked at the price of
25:42
gold and it was down $100. I could see another Sunday night
25:47
smashdown because the Fed is getting desperate, right?
25:51
They are getting absolutely desperate.
25:54
I don't think it's odds on that, that it'll happen.
25:58
But on a night like tonight, Super Bowl night, you know you I
26:02
could see like tonight before I go to bed.
26:04
I always check gold and silver before I go to bed on Sunday
26:07
nights after I say my prayers and tuck my daughters in and all
26:11
that good stuff. But I wouldn't be shocked to see
26:14
have a Sunday night smashdown where we get this $100 down in
26:18
gold. Look, I don't want it to happen.
26:20
I'm not saying I think that it is, is odds on that it'll
26:24
happen. But there's a realistically
26:27
small 12.6% chance that it could happen.
26:31
So I want you to be prepared for that.
26:33
OK. Thank you.
26:35
DKK. Wow.
26:36
I'm sorry, not DK. Mr. Shovel.
26:41
Thank you. Thank you for that super chat in
26:44
DKK's which we're we, I think that's Danish currency.
26:49
We got people from all over the world that join us to talk about
26:53
this absolutely fascinating subject.
26:58
When Andrew McGuire was speaking last night, I heard him say how
27:04
absolutely crazy. 92 to one. The silver to gold ratio, 90 to
27:12
1. Whatever it sits at exactly
27:14
right now. How absolutely insane that is.
27:16
But guess what? There's some big news embedded
27:20
in that, OK? And that is that the traders are
27:23
getting fooled. And here's why they're getting
27:26
fooled. Look, it's reality.
27:28
I'm mad at you, OK? You're in big trouble.
27:31
Basement dwellers. I I'm actually did my part.
27:34
I've been buying, OK? I've been buying.
27:37
I bought some Austrian Philharmonicas and I bought some
27:42
of the 2023 UK Britannia silver coins with the king on it,
27:49
'cause I think the I think the ones that everybody hates with
27:51
the king are actually going to be more valuable in the future.
27:54
We'll see if I'm right, 'cause don't forget I'm going to put a
27:56
new piece of content every day for the rest of my life.
27:57
So you have a new friend right here in the basement.
28:02
You got a place you can hang out.
28:04
Basement dwellers, please subscribe.
28:06
That's the last time I'll beg you to do that today.
28:08
But anyway, I've been buying. I bought the, like I said,
28:12
Philharmonics and the UK Britannias.
28:15
But you haven't been buying. But that's actually a good
28:19
thing. And maybe you have.
28:20
I'm, you know, I don't know. But generally speaking people
28:24
aren't buying silver right now. What is going on with you?
28:27
But there's something very good about that that's hidden.
28:30
But since we're talking about buying silver, I want to say
28:33
thank you To channel sponsor Pinbex.
28:36
They check all the boxes. Do you get it?
28:38
I got a box. They check all the boxes.
28:41
But what are those boxes? What's important to you if you
28:45
decide to buy silver, gold or platinum online?
28:49
Well, I'll tell you what's important.
28:50
Well, you want to make sure it's a company you can trust.
28:53
I trust Pinbex, and I know from all the overwhelming positive
28:57
feedback I've gotten from you, the basement dweller community,
29:01
that you trust Pembex as well. But you, who maybe hasn't bought
29:06
bullion online, you need to discover that for yourself.
29:09
Do your own due diligence. But to me, they checked that
29:12
box. Do they have great selection?
29:14
Yes. Check.
29:15
Do they have great prices? Yes, check.
29:18
As a matter of fact, I'll give you an example.
29:21
When I bought the 2023 UK Britannias with the King on
29:29
them, I guess in 2023 they made half with the King, half with
29:32
the Queen. Anyway, I paid 3 almost.
29:36
It was $2.84. It was Friday night, $2.84 per
29:40
oz less at Pinbex than I would have paid at.
29:44
At Max. I saved enough money that I
29:47
bought myself a little treat. You ever see those 110th oz
29:51
silver coins in the UK? Met makes them.
29:54
There's 16 in a tube. I save so much money that I got
29:58
that tube for free at as compared to what I would have
30:02
paid at ATMAX. Thank you Penbex.
30:03
I went on too long. What a great company.
30:06
Great brothers that run the company.
30:09
I think Penbex is best you can find that out for yourself.
30:12
They can help with IRA conversions.
30:14
If you ever want to do that, why not get more metal for your
30:19
money? I always screw that up, but I
30:21
got it right that time. More medal for your money.
30:23
Now let's get back to, let's get back to the discussion.
30:29
Where was I? Silver, Silver.
30:31
Silver. Silver.
30:33
Oh, yeah, Yeah, yeah, yeah. Yeah.
30:34
So there's this big war. Big, big, big war.
30:38
This is interesting going on in the silver market, in the gold
30:41
market right now. It's a big war.
30:43
And that's why we're between the East and the West and that's why
30:47
we're seeing these prices. I mean guys, they've been
30:50
strong. The silver price stinks.
30:53
It's undervalued, but it has been strong.
30:55
Look at a one year chart. It has been strong, baby.
30:59
Not good, but strong, right. Kind of like if somebody's in
31:04
the hospital and they're real sick and they're fighting and
31:07
fighting and fighting and they're not getting worse but
31:11
they're not getting better, but you know they're gonna get
31:14
better. That, my friends, is what's
31:16
going on with silver. Nonetheless, there's a war going
31:20
on right now in the silver and gold market.
31:23
And at some point, and Andrew McGuire said this and this guy
31:27
knows how these markets interact with each other.
31:29
Oh, and I got a boom, boom news about silver.
31:32
I'm glad I didn't forget this, but at some point the
31:35
manipulators are going to give up, right?
31:38
The, the, the, the, the, the, the big puppet masters have been
31:43
very accommodative to the people that wanted to short silver and
31:48
gold, right. Like oh go short gold, go short
31:51
gold. And then, you know if we get
31:52
$100 Sunday night smashdown, boom, I made all this money,
31:56
blah, blah, blah, that's they've been very accommodative to that
31:59
crowd. Silver shorts, you know we hear
32:03
stance on that. But now that there's this war
32:06
going on between the West and the East in the precious metals
32:10
markets, those people are starting to wake up and they're
32:14
like, how come the price isn't going down?
32:16
And how come they're getting nervous?
32:18
OK, they're getting nervous. That is absolutely a critical
32:24
thing for us to remember when we're looking at these markets
32:27
now. And before I forget, silver,
32:30
silver market, they're fooling them.
32:32
They're fooling the traders, OK? They're absolutely fooling the
32:37
traders. Hold on one second here, guys.
32:39
Let me pop this out so I can see what's going on.
32:43
Uh oh, hopefully you can still see me and hear me.
32:47
Hello. Hello.
32:49
Did I lose you? I don't know.
32:54
I can't believe my mommy called me in the middle of the live
32:56
stream. All right, guys, look at
32:58
everybody here. Nickel stacking.
33:00
Good to see you. They're fooling the those same
33:05
traitors that are starting to get nervous.
33:08
OK starting to get nervous about oh you know I I was a it was a
33:12
it was a no brainer trade. I would sell short right.
33:15
That's what they do. They sell short silver and gold
33:19
and then I cover it when they smash the price down.
33:22
But they can't smash the price down because because now we've
33:26
got a whole different power that has emerged, the bricks, right,
33:30
that have a that have an interest in seeing that price
33:33
stay where it's like we'll buy it at this price, we'll buy it
33:35
at this price. But what's even more fascinating
33:38
about silver, this is fascinating, is that the silver
33:42
traders are all like and remember this is your fault, not
33:46
mine, 'cause I did buy my silver, but retail silver
33:48
investors because we are not the I, I know we're, we're smart
33:55
people but the reality we are. But the reality is, a lot of
33:59
people who buy silver are when the price is low and the
34:04
premiums are low. And why are the premiums low
34:07
right now? Because nobody's buying silver.
34:10
That's the only reason why there's a huge supply of silver,
34:13
OK? A huge, massive supply for
34:16
retail investors of coins, bars, anything.
34:20
That's what I'm hearing from the from all my contacts.
34:23
And the people aren't the retail investors are not buying silver.
34:27
But it's fooling. I got a little secret for you,
34:33
and I learned this from Andrew McGuire.
34:35
OK, OK. He died.
34:37
I was on his show a couple weeks ago, and he'd he'd said this and
34:41
I heard him say it again last night.
34:43
And this is this little secret that we don't want those traders
34:46
to know, 'cause they're saying, well, look, nobody's buying
34:48
silver, go to your local coin shop.
34:50
They got stacks of it and they do, right?
34:53
Absolutely. Well, that's just a little part
34:55
of the market. It's important.
34:57
You are important. But on the wholesale level, like
35:01
the 1000 oz bars, OK, there's a lot of activity, a lot of very
35:07
interesting activity. So while the retail investment
35:11
crowd might be a little soft right now, on the wholesale side
35:17
of silver, it's a different story.
35:19
OK, All right. It's a different story.
35:21
And it's a good story for US silver and gold investors.
35:26
What's that called? When I talk soft like that, it's
35:28
kind of nice because I scream so much.
35:31
Susie always says you scream too much, You scream too much.
35:34
Anyway, there's a word. There's a acronym, ACMB or
35:37
something like that. I don't know.
35:38
I just call it my soft voice. It's the good news for silver.
35:43
And there's a lot of good news for Silver, because then think
35:46
about this basement dweller. OK, all right, Silver builds the
35:50
space above 20, even 2250, where it seems to have built the base.
35:56
But nonetheless. And if we do get just even a
36:03
little bit more people, I won't go through the bronze basement
36:07
eight time rule. Oh, you know what?
36:08
I will very quickly. You want to see silver go up
36:11
eight times in value. You want to see the demand for
36:13
silver go up eight times in value.
36:15
You are one in 100 people. You're the first person who got
36:17
on the lifeboat on the Titanic. We're one in 100.
36:21
We're the black sheep, right? We're the one in 100.
36:24
Like there's the other one in 100 that owns all the assets.
36:27
The other 98 sheep are all sticking together and there's
36:30
wolves circling them. You're one in 100 silver and
36:33
gold, Investor. When things get nasty, and
36:37
they're going to get nasty, they will eventually.
36:40
It's inevitable. Could it be tomorrow?
36:42
Could it be a year from whatever, 5 whatever.
36:44
We're going to have more people join us.
36:47
Three more people are going to come.
36:48
Three more sheep. There's going to be 4 sheep.
36:50
That's four times as many sheep buying.
36:55
We're not really sheep, but we're smart sheep or black sheep
36:57
buying silver, buying silver. That's four times as much money.
37:01
But because we know that this is the ron's basement eight time
37:05
rule of silver, that silver investors buy more and more and
37:10
more and more, when the price goes up, we'll just say those
37:15
four buy twice as much. That's eight times as much
37:17
money. And those numbers could be
37:20
conservative. OK, all right.
37:24
Remember, remember that little banking problem we had eleven
37:27
months ago, you couldn't find silver.
37:29
I digress. We've talked about that ad
37:31
nauseam. Let's move on.
37:33
Let's move on. OK.
37:35
When do you buy silver? People keep asking me, Ron, Ron,
37:38
when do we buy silver? I'm going to tell you that.
37:41
How much silver? I'm going to tell you that.
37:43
But first, I want to quickly say thank you to channel sponsor
37:47
Fortuna Silver, which actually now mines more gold.
37:51
They've got five mines around the world, best management,
37:54
fortress, balance sheet, unbelievable value opportunity
37:58
in my opinion. But do not make any investment
38:01
decisions based on anything I say.
38:03
Go to their website, fortunasilver.com, watch
38:06
interviews with their CEO, Arcadia Economics, interviews
38:10
Jorge Canoza. I interview Jorge Canoza, Read
38:13
about how they've been in the business for 20 years, read
38:16
about how they've grown the company, OK, And then make your
38:19
own decision. Also, let's say thank you to 1st
38:22
Mining Gold. They're a development stage
38:24
company. That means they've had hundreds
38:27
of millions of dollars spent drilling and and establishing
38:32
gold in the ground. Oh, and it's in Canada.
38:35
Canada, OK. And they have two big deposits
38:39
up there, Spring Pole in Ontario and Duparque in Quebec.
38:43
They both have 5 million oz. And then they have four other
38:47
projects that when you aggregate it all together, you get another
38:51
3,000,000 ounces of gold in Canada in the ground and it's
38:57
valued at like 7 or $8 an ounce. Okay.
39:01
They're moving through the development phase with both of
39:04
those projects and their other projects as well are making
39:07
progress. So check out First Mining Gold
39:09
at firstmininggold.com. When do you buy silver?
39:12
When do you sell silver, huh? Oh, do we get the cowbell?
39:16
Let's ring the cowbell, guys. We got 200 thumbs up.
39:19
Woo Hoo. It's corn chop.
39:20
It's corn chop. Chris's birthday.
39:22
We're going to sing Happy birthday to him at the end of
39:24
the live stream. What the heck?
39:26
Doesn't hurt to sing right, but we'll do that at the very end.
39:37
Thank you. I ring the bells as a symbol of
39:40
us all coming together. 200 thumbs up.
39:43
You guys are awesome. You are the basement dwellers.
39:49
I mean, it's OK. It's there's are you like me?
39:52
There's nothing better in life than doing something nice or
39:56
making a friend. And, you know, that's what we do
39:59
here. Yeah.
40:00
I mean, it's it's it's what we do.
40:02
OK. How much silver should you buy?
40:05
Only this is what I say. This is just me.
40:08
I say I buy enough silver. I buy.
40:10
I I use. I convert.
40:12
Sorry, convert. I don't buy convert paper into
40:15
metal. With money that I think I will
40:17
never need. I think of it as the
40:19
generational investment. So that's my opinion.
40:23
You know, some people will say, well I'll buy it and I think in
40:25
a year it'll be higher and I'll sell it.
40:27
That's great. That's how you do it.
40:28
Whatever I say, because of the premiums that we're forced to
40:32
pay which happened to be very low right now and and and and
40:37
and other matters that I'd like to just use money that I would
40:41
like to really sincerely hope that I would never need only in
40:45
case of an emergency, right. Which on a number of different
40:50
levels, emergencies could be interesting.
40:51
But when are people going to sell their silver?
40:54
This is interesting. And I've got a couple of polls
40:57
that I want to read. I put out a poll.
40:59
You want to know when you're going to sell your silver here.
41:01
Hold on one second. I'll tell you what people are
41:04
saying. Do, do, do, do.
41:07
Bear with me. Susie's not here.
41:11
Susie is my wife. For those of you who don't know,
41:14
she usually sits right above me. She hates, like, about 10% of
41:19
everything that comes out of my mouth.
41:22
She's the best wife in the world.
41:24
Hey, I get on my own nerves, trust me.
41:25
But she hates when I say bear with me, but bear with me
41:28
because I'm going to tell you the results of this poll.
41:31
This poll. Where is it?
41:34
Hold on. Here it is.
41:36
No, here we go. OK.
41:38
So it had about at this point about 600 responses.
41:43
I asked you the question about silver at what price?
41:46
And I'm going to ask you right now, you can, you can put it in
41:49
the comments, but at what price right now today would silver
41:54
have to be it for you to sell your silver today?
41:57
And what I mean by that is right now, right now, if somebody said
42:01
I'll give you X amount for your silver, what would it take for
42:05
you to sell it at the current, you know, situation that we're
42:08
in, milk costs $4.00, gas costs $4.00.
42:12
A new house costs whatever it costs now $700,000.
42:17
I was looking last night here in Saint Louis because our house is
42:21
like, I don't know, 60 years old, you know, and there's rust
42:24
on the drain pipes and stuff. Getting a little I'm in
42:26
Worrywart. I'm worried my, like, I saw the
42:29
thing pop up about new homes, Fisher and Fritschel, and I'm
42:32
looking at these houses, a new house.
42:34
They have a new house build. It was like 800 grand in like a
42:38
middle class part of Saint Louis.
42:40
I'm like really? Really?
42:42
Are you kidding me? Who can afford this?
42:44
Especially at 8% mortgage rates? I digress.
42:47
We're talking about when you would sell your silver right
42:51
now. And here's what you answered.
42:53
I put down 55 options, 3050, a hundred 200 or never 5%, Only 5%
43:00
of you said you would sell at 5, I'm sorry, $30.
43:03
Five percent, 10% of you said you would sell your silver at 50
43:10
dollars. 20% of you said you would sell your silver at $100.
43:17
So that's what about 35% of you would sell at $100 or below. 26%
43:24
of you said you would sell your silver at $200 right now.
43:29
OK. And 40% of you like that goes
43:35
with what I said earlier, it's a generational investment, 40% of
43:39
you said absolutely not. Sorry, I will never ever sell my
43:45
silver. So very, very interesting.
43:47
Now again, that was right now, I'd be honest, right?
43:51
Like if right now somebody came right now and said I buy your
43:56
silver for $200, I might convert 1/3 of it.
44:00
If I knew what I was going to put the money into, If I knew
44:03
that I was going to buy a rental house, or if I knew I was going
44:07
to buy some farmland, or if I knew I was going to buy some
44:11
other real asset, right, An oil well or, I don't know,
44:15
Timberland. Yeah, it's interesting.
44:18
We go. This is an interesting story.
44:19
We go down to Orange Beach, AL every year with the girls and my
44:24
parents. Wonderful fun trip.
44:26
And I've gotten to know people like in Mississippi.
44:28
Mississippi is a cool state. Anyway, this is an interesting
44:31
story. I was talking to an old man in
44:32
Mississippi one time, and when you drive through Mississippi,
44:36
you see nothing but pine trees on either side of you and all
44:39
these logging trucks, and I said what I said, it's a big
44:41
industry, he said. It's common in Mississippi that
44:46
grandparents and parents tell their kids buy 50 acres of
44:52
timberland and pay it off. As you're working in the working
44:57
world and you can live off that when you retire, like you can
45:00
pay. You can let the timber get hard.
45:02
I thought that was very honest. I never heard about that.
45:04
It's kind of like what? Silver.
45:07
You know what Indian grandparents tell their
45:09
grandchildren in India, and I've confirmed this, that it's
45:13
common, OK They tell their grandchildren that they should
45:17
own their body weight in silver. However much your body weighs,
45:22
that's how much silver you should own.
45:25
And when it comes to gold, they say get as much as you can and
45:28
doesn't. That may be explained by the
45:29
Indian population in their houses has over 25,000 metric
45:35
tons of gold hidden, which happens to be three times the
45:39
amount of gold that we supposedly have at Fart Knox
45:43
here in the United States, which hasn't been audited since, I
45:46
don't know, the last 100 years. That guy, Steven Mnuchkin.
45:49
Remember Steven Mnuchkin? He bugged me, and only about 3%
45:54
of the world's population bugs me.
45:56
And that guy bugged me. And remember, he was in there
45:58
and he took a picture of something and with his
46:01
girlfriend and tweeted like, I'm at Fort Knox and the gold's
46:05
here. I'm like, oh, well, that's an
46:06
audit. Thanks, Steve.
46:08
Yeah. You worked for Goldman Sachs.
46:09
We trust you. We trust you.
46:11
Absolutely. Thanks a lot.
46:13
The gold's there, right? Anyway, I digress.
46:17
Hey, it's Super Bowl Sunday. It's Coin Shop.
46:19
Chris's birthday. Hey, I hope you guys maybe go to
46:25
that PayPal link if you feeling generous.
46:28
Even $5 coin shop. Chris loves when people send him
46:31
stuff on PayPal. He really does.
46:33
And he's such a sweetheart, you know?
46:36
I mean, I know he's just the best.
46:39
So anyway, I I digress again. Today's Super Bowl Sunday.
46:42
I live in Missouri. My kids love the Kansas City
46:45
Chiefs. So they put that football down
46:48
here for us all. It'll be interesting to see how
46:51
this plays out. Oh, we had more hold on, hold on
46:56
when it comes to people selling. I was, I was listening to a coin
46:59
shop owner talk about this. There's a big difference between
47:02
newbies and longtime stackers. The newbies, the people that
47:06
have just come around in the last year or two are generally
47:09
more likely to sell their stack if the price of silver gets to
47:13
30 or $40. OK, look, here's what I I I will
47:16
give you this financial advice and this is good advice.
47:20
If the price of silver, when the value of silver skyrockets,
47:26
don't sell all of it at once. I would recommend sell half and
47:31
hope you're wrong. Meaning sell half and hope that
47:34
it was a bad decision because the price continues to even go
47:38
higher than that. Then you still have half and you
47:41
know whatever. And if the price goes down, well
47:42
then you sold half, you can buy it back.
47:45
You kind of are in a win win situation.
47:47
OK. Thank you for the Super chat
47:49
metal Sear ASMR. That's right.
47:53
Autonomous sensory Meridian response.
47:55
What you're doing is talking in Soto voice Mike whispering.
47:59
It's working. And we haven't even talked about
48:02
we're going to leave Joe Biden alone today.
48:04
I think he got enough. Oh, I talked about that earlier.
48:07
I I got to bring this up. I'm sorry.
48:09
I hope this this is not meant to offend anyone.
48:12
I am not. I'm.
48:13
I'm not real happy at all with the political situation but what
48:18
the Justice Department said about why they wouldn't
48:21
prosecute Joe Biden and I'm thinking then he's our
48:26
president. Anyway, I digress.
48:28
I said I wouldn't talk about it. Back to Silver.
48:31
Another thing you can keep an eye on.
48:33
I'll talk in ASMR voice. Hold on, what is it called?
48:41
Darn it. Yeah, ASMR.
48:43
The other thing that you can keep an eye on as you're looking
48:47
at the thinking about selling some of your silver or gold, OK,
48:52
This is very important is the silver to gold ratio.
48:56
If the silver to gold ratio were to get, I feel like you can't
48:59
hear me, but maybe you can. If the silver to gold ratio were
49:03
to get to 50, maybe you could convert some of your silver into
49:09
gold. If it gets to 25 or 30, maybe
49:12
you could convert. Some people are saying it could
49:14
get. Some people are saying it could
49:17
get as low as well, 7:00 to 1:00 that's how much is mined.
49:23
That's really in a lot of ways what it should be, but none the
49:26
less you could also factor your selling decision based on the
49:30
silver to gold ratio. It also depends on this is
49:33
another factors. It's like if it's silver
49:35
skyrocketing gold too because of.
49:39
And I'm not a cataclysmic zombie walking around, you know, guy
49:43
type type person. But if that were to happen and
49:46
it could happen, then is is that you got to factor that in.
49:50
Like if the world is going to zombies and the dollar is going
49:54
to zero and your silver is worth 60,000 per oz, well, I still
49:59
wouldn't want to sell it because the paper, it's like Venezuela.
50:02
Remember Venezuela. Here, let's look.
50:05
Let's look. Let me let me show you
50:06
something. This is very important about why
50:09
you need to be careful selling your silver.
50:12
Look at all these charts I have. Hold on here.
50:17
Bear with me. Look at that.
50:19
I found it right off the bat right there this.
50:23
OK, silver went up 27,700 times in Venezuela, 27,000% which is
50:35
277 times and that all basically happened in like a two year
50:43
period. OK, so This is why you don't
50:47
want to sell everything at once? Because if you sell here, right
50:52
where? Oh my God, my silk.
50:53
This would be the equivalent of of silver going up, Let's say, I
50:59
don't know, 130 times in value. That would be $3000 silver in
51:06
U.S. dollars. Oh, I'm getting out.
51:07
I'm selling. I'm selling.
51:09
There it goes. You missed that.
51:11
OK, That's why you want to be careful.
51:13
Why did this happen? Let me explain to you why this
51:17
happened. Basement dwellers.
51:19
Because of financial and monetary.
51:22
Fiscal and monetary mismanagement.
51:24
Things like too much debt, things like corruption.
51:28
Does that maybe sound a little familiar?
51:31
I don't know. I don't know.
51:33
Oh, I got to get back. We, we, you guys, don't forget
51:37
the Valentine's Day giveaway. This is the last time I'm going
51:40
to talk about it. So you're the last people to
51:42
know. The last people to enter the
51:45
Valentine's Day. The the silver giveaway with a
51:48
touch of romance from Ron's basement.
51:50
Hold on one second. It's coin shop.
51:52
Chris's birthday. Don't forget there's PayPal
51:55
links in the description of this in every video.
52:01
Yes, you little sweetheart, all of this silver could be yours.
52:06
Look at that shine. See, that's real silver.
52:09
The most reflective metal on the face of the planet.
52:12
Here, I'm going to give you a closer look and I'm not going to
52:15
drop this. There you go.
52:19
All that silver, all that could be yours on Valentine's Day.
52:26
OK, all you have to do. There's a link in the
52:31
description of this video and all the videos where you can
52:33
enter. Very easy to do.
52:35
I'm not going to waste your time telling you you can figure it
52:37
out for yourself. It's very simple.
52:46
Oh, boy. OK, let's go.
52:49
We got, We got. This is crazy what you guys said
52:51
about this. OK.
52:53
All right. Back I asked you if you were
52:58
depressed about the silver price, about the gold.
53:01
The gold price has been OK about precious metal mining stocks.
53:04
I get a little depressed, OK? I'm human.
53:07
I do. I get very upset.
53:08
I'm a worry wart by nature and I worry about money.
53:12
I'm the warrior in the house. Susie is the kind of harmony.
53:17
That's why we work well together.
53:18
I'm a worrywart. I get very worried.
53:20
I get very depressed. I've lost.
53:21
I'm down a lot on precious metal.
53:24
Minus XS. Are you depressed guys?
53:25
Are you? Are you?
53:28
You're not alone. Because by almost every measure,
53:30
sentiment in the sector's at an all time low while the rest of
53:34
the market, like the S&P 500, reaches new heights, blah blah
53:37
blah. I said I'll be honest, I'm mad
53:39
and sad. How are you feeling about the
53:44
market? About silver and gold?
53:46
6% said you're mad. Only 4% of you said you're sad.
53:51
8% of you said you want to give up on the sector, right?
53:57
82% of you said you're not happy, but you believe that
54:03
better days are ahead. OK.
54:05
And when we talk about sentiment, we're meaning the
54:07
overall mood towards silver, gold and the precious metal
54:11
mining stocks. I think there's no better
54:14
measure of that than that ratio we've been talking about for the
54:17
last few days. The gold miner index, The Hui,
54:22
the gold bugs index as compared to the price of gold.
54:27
OK, the the level of that index compared to the price of gold is
54:31
at .1. The Huey index, the gold bugs
54:34
index is at 200, gold's at 2000. So that means that that ratio is
54:39
.1. That's like a historic low
54:42
level. That means that sentiment,
54:44
volume, everything is horrible in the precious metal sector.
54:51
How many? I asked you guys how many of you
54:54
believe that the Comex and the LBMA manipulate the price of
54:58
silver. 95 overwhelming 95% said yes, they manipulate the price
55:04
of silver. This was interesting.
55:07
We even we know we've got the thank you shadow work.
55:11
Thank you for that super chat my friend.
55:13
We know that we we have the big issue with the national debt, I
55:17
said. I've been noticing that people
55:19
suddenly are starting to talk about the national debt is a big
55:22
problem. Jamie Dimon Moynihan from Bank
55:25
of America. Jeremy Powell, right, is talking
55:28
about it a number, a number of people.
55:30
Jeffrey Gunlock, are you noticing that in the last I
55:34
asked you this question in the last three months that more
55:37
people are talking about the national debt is being a problem
55:41
and 70% of you said yes and only 30% of you said no.
55:46
You didn't think that it was a problem.
55:50
So when we talk about this prospect of gold being revalued
55:55
to $3000 silver, let's raise it sixty.
56:00
I think we we we could see the 85 we get gold to $3000 stocks
56:06
right that Huey of the the the the the the gold bug ratio to
56:11
the price of gold it can get as high as .6 at $3000 gold.
56:15
We got like a ten time return on the big gold.
56:18
I mean this is real but what are the what are the big big
56:22
indications we have going on. I think one of the biggest ones
56:26
is the fact that gold and silver are at war and the price is
56:31
holding up. It feels like the Eastern
56:33
countries are winning and exerting their newfound strength
56:39
and that we're seeing that as a reflection in higher precious
56:42
metals prices. And then we have all the other
56:45
aggregate of data surrounding what we're learning from these
56:50
BRICS countries, right? Explicitly saying we want to get
56:53
away from the dollar actions being taken.
56:56
You know all these countries doing financial transactions
57:00
dumping the dollar. We had Vladimir Putin Putin
57:04
right. With Tucker Carlson basically
57:07
saying yes we're all, it really is like you know you guys were
57:11
were mean to us and we are moving away from the dollar.
57:14
There's big big moves going on. It's gonna be an interesting
57:18
scenario right. Look I'll be here for you
57:22
through it all. I appreciate you being happy
57:25
Super Bowl Sunday. Oh we got to sing happy birthday
57:27
to coin you guys let me ask you do you want me to sing happy
57:33
birthday to coin shop Chris if you do type Y.
57:36
If you don't type N, OK. And the I'm gonna if if I'll,
57:42
I'll, I'll count the 1st 10 comments.
57:45
OK. And if it's if it's a vote.
57:49
So we got one Y. Good morning, Ron McAdams.
57:52
Two. He says sing it. 3-4 Coin shop.
57:57
Chris says no. Ricky's House of Crab.
58:01
Ricky's House of Crab. Sorry, Chris.
58:04
We're going to sing it to you. Hold on.
58:07
Where'd he go? All right, I want you all to
58:12
join in with me and then I'm going to end the live stream.
58:16
But please join him with me from all over the world.
58:19
Let's all sing Happy Birthday to Coin Chop Chris Happy Birthday
58:25
to Chris. Happy Birthday to Coin Chop
58:30
Chris. Happy Birthday, Dear Coin Chop
58:36
Chris. Happy Birthday to you.
58:42
Coin Chop, Chris, Cha cha cha. Have a good Super Bowl,
58:47
everybody, and I'll see you soon.