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⚡SILVER Price Igored - Until This!.. (Are You Ready) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:05
Can you hear me? Hello everybody.
0:07
Welcome to the live stream. Welcome to the basement basement
0:10
dwellers. What is going on with the gold
0:14
prize? What is going on with the silver
0:17
prize? Why is it being ignored?
0:20
Cast aside. You want to know And I have the
0:24
answers for you today in this video live stream.
0:28
Thank you basement dwellers, each and everyone of you for
0:30
being here. Please give this a thumbs up
0:32
that will help us get the word out to more and more people.
0:36
But what is going on in the gold market?
0:38
Have you noticed something lately?
0:40
You wake up in the morning, you do your normal routine.
0:44
If you're anything like me, you check the price of gold and
0:47
silver Gold for like the last three days and we've seen this
0:51
type of behavior over and over in the past will be.
0:55
Up quite a bit at like 637 Thirty Central Time, anyway.
1:00
And then as soon as the Comex opens, have you noticed they
1:03
knock it down, but they're having a harder time knocking it
1:08
down? Are you picking up on that
1:10
right? Maybe we're up $18.00 and they
1:13
knock it down, but they can only knock it down to 9.
1:16
Right before I came on, I checked for you the gold price.
1:20
And according to Kitco, right now the gold price is up almost
1:24
$13 per oz. We'll run out to pin backs
1:27
website later and get an update on the gold and silver price.
1:30
But what's going on with silver? Are you getting angry?
1:33
Are you are you like me? Are you getting a little, a
1:35
little fed up? I think there's an opposite
1:39
reaction. Do you experience this?
1:41
I do. OK.
1:42
I'm just being honest with you. I'm going to let you in a little
1:44
bit of my private life. But I do believe there's an
1:47
opposite. Or a fancy word for that is
1:50
inverse, but we'll say opposite Reaction between the silver
1:55
price and my blood pressure. So my blood pressure's been
1:58
staying about even lately. But why is gold shooting to the
2:02
moon, right, guys? We had a record close in gold
2:07
yesterday. We've got gold right now.
2:09
I'm looking. OK, 22 O seven in the spot
2:13
market. The futures market will be even
2:15
higher. What's wrong with silver?
2:17
Why is silver just levitating there, right?
2:20
Silver's doing nothing. We're gonna.
2:22
We're gonna talk about that in this video.
2:24
But let's talk about gold first, because gold is the godfather of
2:28
precious metals. The godfather.
2:31
Remember that movie? Gold is the.
2:34
Godfather of the Anti. Fiat of the Anti big central
2:40
banks of the anti money printing of the anti Unicorn fart dust
2:45
money system. Right?
2:47
Gold is the big guy. The leader silver will follow.
2:51
Remember this. I've got some good news for you.
2:54
If you're a silver investor. Silver usually takes three or
2:58
four months later to follow. So in the coming months we could
3:03
right? Unless they.
3:04
Somehow, magically, do you think they're going to figure out?
3:07
I mean, do you really think they're going to figure out a
3:09
way? To pay off the national debt
3:12
that they're going to balance the budget.
3:14
I haven't heard either of our presidential candidates, any of
3:17
the presidential candidates, talk anything about balancing a
3:20
budget. So do you really think that's
3:23
going to happen? No, right.
3:25
We are in for much higher prices in gold and eventually silver
3:30
will catch up. It may.
3:32
Take two or three months, but remember this about gold.
3:35
And this is more more good news for gold investors.
3:38
Nobody knows. Nobody knows why gold has done
3:41
so well over the last number of months, right?
3:43
The dollar's been relatively strong.
3:45
We haven't had any new major geopolitical developments.
3:50
But there's no real, like, one reason like, oh, gold spiked up
3:54
to 2200 because of this. No, it's because, and this is
4:00
good news, a solid foundation layer of several fundamental
4:05
reasons and that will continue to support the price as we move
4:09
into the coming months, quarters and years.
4:11
Now, I could be dead wrong. So don't make any financial
4:15
decisions based upon anything that I'm saying.
4:17
I'm not a financial advisor. I'm sharing with you my opinion,
4:21
right. I do spend a tremendous amount
4:23
of time researching this. So I'd like to think I know a
4:26
little bit what I'm talking about, but nobody has a crystal
4:28
ball but. If you do.
4:30
Decide that you want to get your hands on some silver, gold or
4:33
platinum, please check out Channel Sponsor.
4:36
Pinbex do I need to spell it for you?
4:39
Just like it sounds Pi MB E xpinbex.com Look, I never tell
4:46
you what to do. You're smart, right?
4:48
But be smart next time you're shopping for bullion online and
4:53
throw Pinbex into the mix. Compare prices, compare reviews
4:59
and I'll. Tell you I give.
5:00
Them a real positive review, but listen to other people as well
5:04
and compare selection and I think what you'll find is what I
5:07
found. Which is why I switched to
5:10
Pembex over a year ago and that's that I get more metal.
5:14
The exact same metal, right? An American Silver Eagle is an
5:18
American Silver Eagle. Auk Britannia is Auk Britannia.
5:22
A 10 oz bar is a 10 oz bar as long as it comes from the same
5:27
refinery, right? You'll get more metal for your
5:30
money with Pembeks now. How about how about the reason
5:34
why gold is flying? And guys, I know it's painful
5:38
right now. I understand.
5:39
Basement dwellers I understand. But it's going to get better.
5:42
Silver will catch up For those of you who are more invested in
5:46
physical silver. Hang in there right?
5:49
Because. Why?
5:51
Why is this happening To gold And it'll happen to silver?
5:54
How about dilution? How about devaluation?
5:57
How about money printing? How about funny money?
6:00
How about Monopoly money? You want to see some Monopoly
6:03
money? Hold on one second.
6:04
I'll show you. And we're going to talk more
6:06
about this later. All right.
6:14
How about this does this upside down?
6:18
There we go, huh. Do you think that has anything
6:21
to do? Right?
6:22
Paper, Right. That's what's going on.
6:25
There's no way they're going to pay the debt off.
6:27
Let's run out to the US debt clock.
6:28
Guys. We got to do our daily debt
6:30
clock check. We just want to make sure that.
6:33
The US debt level is not suddenly going down.
6:37
Uh oh. Here we go.
6:39
A little glimpse. Hold on, hold on.
6:44
Bear with me. That clock.
6:49
We are flying today. Wow, it's interesting when my
6:53
daughters aren't home playing online games.
6:54
How fast? Our Internet.
6:56
Hey, it's party time, basement dwellers.
6:59
We did it. The Biden administration has
7:02
fearlessly LED us to 34 trillion, $600 billion of
7:08
national debt. We were waiting for it to roll
7:10
over. Now we have to see will a week
7:13
from now, Thursday of next week, will we have achieved.
7:17
The 37 trillion, 600, I'm sorry, 700 billion?
7:22
Or will our U.S. government suddenly start to?
7:27
Spend. Less than they bring in.
7:28
We don't think so. We know the reality of what's
7:31
going on, don't forget. What do you think it?
7:33
Means that China, I'm hearing more and more.
7:35
This is real. What's going on in China right
7:38
now, guys? China.
7:42
China We don't like China's bad, right?
7:46
Aren't we told we're not supposed to like China now?
7:47
I don't know. I like Chinese people.
7:49
But none the less, China bad, Russia bad.
7:51
North Korea? Bad.
7:53
Everybody else in the world seems like bad, but none the
7:55
less this. Is news and I'm and now
7:59
everybody is starting to talk about it.
8:02
We talked about this for months. There is a gold frenzy going on
8:07
in China right now. People are buying gold like
8:11
crazy. The young kids are buying these
8:13
these gold beans 1G gold beans people. 800,000 people lined up
8:19
at a shopping mall on one day to buy gold.
8:22
China is going nutso over gold. Why?
8:26
See if any of this sounds familiar to you.
8:28
Because they don't. People in China don't trust
8:30
their stock market. People in China don't trust the
8:33
currency. People in China don't trust the
8:35
banks. People in China don't trust the
8:39
residential real estate market. Everything, right?
8:43
So what are they going to? They're all I've.
8:46
I've listened to these interviews with Chinese people.
8:48
They're like, oh, gold is the only real true investment that
8:52
always holds its value. Keyword basement dwellers.
8:56
Always. But think about what's going on
8:59
in America right now. Could we see, Could we have a
9:01
lot of people in America besides you and me?
9:05
Right. The few.
9:06
The proud, huh, Right. The precious metal warriors, The
9:10
one in 200 people in this country.
9:13
That's all we are. I mean, we are like like we got
9:18
the plague or something, But none the less could we have just
9:21
a few. More people wake up.
9:23
Maybe we go to go to 5 and 200. That would just be five times
9:27
more money coming into the gold market, and would make silver
9:31
just woof. Remember the 70s when silver
9:34
went from $1.50 an ounce to over 50?
9:37
Oh yeah, well, that was 1980. Don't, don't.
9:39
I'm sorry I made a mistake there.
9:41
But none the less we could see that again.
9:43
What could? What?
9:44
Coming together of factors could cause that to happen for you and
9:49
me, right? Silver and Gold Warriors
9:52
basement dwellers? I'll tell you what it would be.
9:55
Right. Could you see in America the
9:56
people that the real residential real estate market has a little
9:59
bit of a correction? Look guys, I don't live in a
10:03
half million dollar house, but according to Zillow that's what
10:07
it is, right? I'm, I live in a in a basement
10:12
but they claim the two floors above me plus this basement and
10:16
the land that it sits on are worth a half million dollars.
10:18
I don't buy it. A lot of my neighbors want to
10:20
believe it. Maybe I could sell the house for
10:24
close to that right now. I don't know, right?
10:27
I got too much crap down here to deal with moving.
10:29
Do you accumulate? Do you have that problem?
10:32
I have a hard time getting rid of stuff.
10:33
I'm an organized hoarder. But nonetheless.
10:36
Could we have that in America where this house that really, in
10:40
my mind, even with today's dollars is maybe worth 300,
10:44
right? That we have a major decline in
10:45
residential real estate that people lose faith in.
10:49
The paper money, right? People lose faith in this stuff.
10:53
Oh, that's Monopoly money. Sorry, I got confused.
10:56
Here this stuff. People lose faith in this stuff.
10:59
There we go is. This Monopoly money, or is this
11:04
Monopoly money? I'm not sure.
11:06
I forget which close my eyes and they both feel about the same
11:11
Very interesting. Never thought about it that way.
11:13
That's why I love hooking up with you people, you basement
11:16
dwellers, because we learn new things.
11:19
Monopoly money feels just like this currency, this currency,
11:26
this is worth something during a game, you got to believe.
11:28
It got to have confidence. Anyway, where did I go?
11:31
I digress. Oh yeah, no Americans.
11:33
They could lose faith in the banks.
11:35
Didn't that just happened a year ago when we saw premiums on
11:38
American Silver Eagles like go through the roof.
11:41
But nonetheless, it can never happen again because the banking
11:44
system sound. Although some people are saying
11:47
that all the banks are basically insolvent right now when you
11:49
consider what their bond portfolios are worth.
11:52
And they're commercial real estate loans.
11:54
But we'll save that for another day.
11:55
Could Americans lose faith in the money in the banks, the
11:58
residential real estate market? The stock market which is at
12:01
Nosebleed. Levels.
12:03
I was talking to my friend Sean this morning from college.
12:06
He's like Warren Buffett says you should never buy a stock
12:09
with APE over 18. Well, there's a lot of stocks in
12:13
the ones that have made-up the lion's share of the gains in the
12:17
market over the last couple years, right, The Magnificent 7,
12:22
which I think is now the Magnificent 6.
12:24
Anyway, their price to earnings ratios are through the freaking
12:27
roof. But if you.
12:29
Have a company that has a 20 to 1 price to earnings ratio.
12:33
That would be in theory that that company would have to
12:35
return every penny of profit that it made for 20 years just
12:40
to make you whole on one share of stock that you would buy
12:44
today, right. It's crazy.
12:46
It doesn't make sense. So we could see that.
12:48
And I'm telling you, the wave of people coming in think about the
12:53
dollar devaluing. Let me ask you a question.
12:56
If. You're a Saudi Arabian or you're
12:58
somebody in the Middle East and you're selling oil and you're
13:02
getting dollars, right? You're getting paid in dollars,
13:04
although they're doing less and less of that.
13:06
But let's say you are getting paid in dollars and you have a
13:09
choice. You could either keep that money
13:12
in dollars, maybe buy some treasury bonds, whatever, or you
13:17
could buy gold or silver or some other real asset.
13:22
Which? Are you going to do, what do you
13:24
think people around the world are doing right now?
13:28
They can go look at the US debt clock, just like you and I,
13:31
right? They have access to that
13:33
information. They have access to more
13:35
sophisticated information. Do you think maybe?
13:39
That's why the world central banks, the most sophisticated,
13:42
the most the ones with access to more inside information as to
13:47
what's going on in the world financial system, do you think?
13:50
Maybe that explains why they're buying gold at record levels.
13:55
It's it's, you know it's so crazy out there And when we talk
13:59
about Silver. Right.
14:00
The Chinese are buying all the silver they can.
14:02
The Indians are buying all the silver they can.
14:04
Why do you think? What does it mean if?
14:07
You think about the fact. That on the Shanghai Gold
14:10
exchange, that's the competitor to the Comex in the LBMA where
14:14
they trade Unicorn fart dust silver, make believe silver
14:18
right? Levered up beyond belief.
14:21
Paper silver, whatever you want to call it.
14:23
OK, I'm sorry if you're offended by Unicorn fart dust.
14:26
That's a common term that US basement to others use to
14:29
describe anything that's essentially make believe and
14:32
that would include paper silver on the Comex.
14:35
The Shanghai Gold Exchange is newer right and the Indians have
14:39
their own. The I, I BXI think it's called
14:41
silver exchange and gold exchange now as well.
14:45
Why? Do you think?
14:47
Come on, let's put our thinking caps on.
14:49
Why do you think silver sells on the Shanghai Gold Exchange?
14:54
For usually about $2.00 more per oz than it does on the LBMA, the
14:59
London Bullion Market Association.
15:01
You know, the ones are that fair marketplace that sets the price
15:05
of silver and gold. Why?
15:07
Why in China, right? I'll tell.
15:08
You Why? 'cause the Chinese market is
15:11
based more on actual physical metal.
15:14
You. Don't have to be at Albert
15:16
Eisenhower to understand. All the clues are there for us
15:21
right now, right in front of us. OK?
15:23
Mainstream media is talking about gold.
15:25
Absolutely nothing about silver. They're ignoring silver.
15:29
That's OK You know what that means?
15:32
That means we're like, on a scale of zero to 100, with 100
15:37
being everybody talking about silver.
15:40
We're at about a two right now. That gives us a big massive.
15:45
Room for improvement. A long runway for improvement,
15:49
if you will, right. A long runway right for people
15:53
to start to hear about silver. They're not.
15:55
There's not going to be any silver at your local coin.
15:57
Shop. I don't have a crystal ball, but
16:00
I I do. That's my vision.
16:04
Do you have that vision? Tell us right.
16:07
Tell us in the comments if you think that there we're going to
16:09
see. In the next two years, we'll
16:12
give a pretty long runway, OK? If you think we're going to see
16:15
a period of time where there is no silver at the LCS, hold on,
16:21
Caps Lock LCS. Shoot.
16:27
Hold on guys. I'm having some technical
16:28
problems here. OK, type LS, hold on.
16:35
Having technical problems and voice problems.
16:37
Hopefully you can hear me still. Type in, type LCS, enter.
16:43
There it is. Yeah, in the chat, I'd be
16:45
curious. Or do.
16:46
You think those days are gone? Because don't forget now.
16:50
It. Doesn't really.
16:50
I mean, the local coin shops matter, but I'd be curious.
16:54
Does anybody know? Maybe I'll ask Andy Scheckman
16:56
this like. What?
16:58
Percentage of retail silver we'll focus on silver is bought
17:02
in person at local coin shops versus online.
17:06
I would think more is bought online at this point.
17:09
You know, major big companies, we talked about Pimbex, right?
17:13
You know, they're growing like crazy and there's a reason why
17:16
they're growing like crazy, which I discussed earlier when I
17:19
told you about Pimbex. But there's other major big
17:21
players out there, APMEX, JM bullion, SD bullion, hero
17:25
bullion. I mean there's there's probably
17:28
100 places where you can. I would think that the online
17:32
marketplaces are much bigger. What do you think's?
17:34
Going to happen. Right when when we go on that
17:37
scale of two from zero to 100 and we're about a two right now
17:41
in terms of interest, in terms of attention being paid the
17:45
silver when it goes from 2 to 30.
17:48
They're not. There's not going to be.
17:49
People will buy the silver. I remember.
17:52
Do you? I remember during the C19 crisis
17:54
four years ago, I made one good buy.
17:57
Look, I'm like you. Does this happen to you every
17:59
time you buy something, whether it's a stock?
18:03
Oh, thank you Ron McAdams for the Super Chat.
18:05
Ron McAdams. What a great first name too, by
18:08
the way. Ron.
18:09
But every time you buy something, whether it's a stock
18:11
or silver, it seems to go down within the next. 1235 days,
18:16
right? Well, I did make one good buy
18:17
during the C19 crisis. We were in Branson.
18:20
We came home. It was Saturday.
18:22
I think Silver had closed on Friday at like 12 or whatever.
18:26
And I made what was for me a very large purchase of bullion
18:29
this. I don't think Pembex was around.
18:31
So that was not from Pembex, it was from a different online
18:34
bullion dealer. And then they sent it to me and
18:40
that next week it was like all the all the online bullion
18:43
dealers were like, I don't say sold out, but it's crazy how
18:46
fast this can go guys. It's absolutely crazy how fast
18:51
it can go. OK, All right, think about this.
18:54
I've got a visual for you. Just think about this as a
18:57
silver stacker. They took silver out of the
19:00
money back in the mid 1960s. OK?
19:03
They took silver. OK?
19:05
They made it into funny money play money, right?
19:08
This kind of money. That's what they made it into,
19:11
OK, what's wrong with Americans? I'm not talking about you, but
19:17
let's talk about the other 99 out of 100 Americans.
19:20
What is wrong with them? They got hoodwinked, OK?
19:26
And I mean, what's next? Plastic money?
19:30
And. And and they'll they'll convince
19:32
everybody that it's valuable. Or will it be electronic money?
19:36
So I want to show you, because I think it's very important to see
19:38
this visually. Hey, and then I got to show you
19:40
this thing. I almost forgot.
19:42
This is the new 100. Somebody tell me.
19:44
Hey, Susie I. Love you.
19:46
Susie's not here. She's at her mom's.
19:49
She takes care of her 90 year old mother.
19:52
What a great daughter. What a great wife.
19:54
But I'm going to show you guys this.
19:55
I'm going to ring this thing this.
19:57
Is a pocket pinger. And I'll tell you about it when
19:59
we get to 100. Thumbs up.
20:00
But first I got to show you this.
20:02
Where'd it go? See that?
20:06
That's a That's not it. That's my kids cash register.
20:10
Here it is. My daughters are going to be
20:13
ticked off, and I'm playing with their toys during my live
20:16
stream. This is the.
20:19
This is the ultimate visual. OK, Stay with me here, guys.
20:26
This. These are, what are they called
20:29
peace dollars, right? Can you see that?
20:33
Yeah, you can see that. Beautiful.
20:35
OK, This is a 1923 peace dollar, right?
20:39
Listen. OK, listen.
20:41
Money. Real money.
20:43
OK, 90% real silver. In the 1960s they switched it
20:49
over to this right? These are these are these are
20:52
19801990 quarters. Listen.
20:55
Sounds. Different sounds cheap, right?
20:58
They hoodwinked America. They took silver out.
21:01
They took silver out of the money and replaced it with this.
21:07
And everybody believed them, right?
21:10
So they could print, they could make up stuff.
21:12
They was no longer tethered to anything real.
21:14
This is not real, OK? Still made out of metal.
21:18
They hoodwinked everybody and then right, they inflated it
21:22
away. They've, they, they, they, it's
21:24
it's kind of like theft from the middle class and the lower class
21:27
people because they don't own a lot of assets.
21:30
So they inflated the value of the money away, right?
21:33
And the rich got richer. Look at any chart that shows
21:35
wealth distribution. In this country.
21:37
While real people that are working doing the real work
21:41
right. A guy who's a Carpenter, a guy
21:43
who's a trash man, or a woman, or a cook, or a teacher even, or
21:48
a fireman or a policeman or anyway any other variety of
21:53
middle class oriented jobs. Which all are essential, right?
21:56
They work. They work for money, this stuff,
21:59
and it just loses value. OK, they got hoodwinked and they
22:03
don't even realize it. And I don't want to say, look,
22:06
they don't realize it. And now, right now they they
22:09
realize like, oh, the value of my money is going down and
22:12
instead of being ticked off about it, mad right at what's
22:16
going on. Remember what Thomas Jefferson
22:18
said? Right, right.
22:20
The biggest threat to this country is not an invading army,
22:22
but central banks and big corporate interest.
22:26
Instead of being mad, you know what?
22:28
Your average the 99 other people.
22:30
Not you, not me. But you know what they do?
22:33
They say, oh, I guess I got to get another job because Joe
22:37
Biden says that's Bidenomics. I can get two jobs.
22:40
And if I'm really lucky, I can get three jobs.
22:43
Yeah. Right.
22:44
So here's my question. They took it from this.
22:48
Real money. Hear that?
22:50
OK. Real money to this, right?
22:53
Fake. Right.
22:54
Fake. I don't know what's made out of
22:55
zinc or, I don't know, copper and zinc.
22:58
OK, is this what's next? I mean, going from here to here,
23:04
going from from real silver to here is a much larger leap than
23:09
going from here to here, right? Or, you know, the other thing,
23:14
'cause you can't see it that I have stacked here is electronic
23:18
money, right? Electronic money.
23:20
Oh, electronic. Think about it, right?
23:23
My kids play a computer game called, well, they don't play it
23:25
much anymore. They're getting older.
23:26
But you've probably heard of it. It's a publicly traded company.
23:30
It's called Roblox. And they have money that I used
23:34
to have to buy for them, right? Money, currency, whatever.
23:38
Electronic called ROBUX. What's here's a bunch of ROBUX.
23:41
Going from here to here is a much larger step than going from
23:45
here to Monopoly. Money.
23:49
Funny money, Disney. Bucks.
23:52
I don't know. Whatever you want to call it.
23:54
OK, I'm sorry. I'm angry.
23:55
Whoa, I want to spill that. Hold on, guys.
24:02
Hey, check this out. Time for a little basement show
24:04
and tell I was in Branson. Isn't this cool?
24:07
This is a cedar barrel. I'll have to get the name of the
24:11
place I got it from. Handmade by a 95 year old man.
24:14
And it's got a slot. The only problem with this thing
24:18
is I guess I. Could fill it with.
24:19
Constitutional. That's a good.
24:20
Idea I wanted to fill it with. With coins but see the slots too
24:25
small, I guess I could get my saw out and make it bigger.
24:28
But you know when you find something that you just fall in
24:30
love with. I was like, this is really cool.
24:32
It's. And it smells good.
24:34
And I really want to fill it with silver.
24:35
It's got a little plug, but maybe I'll fill it with
24:38
constitutional silver, I don't know.
24:41
Anyway, real money. I'm going to keep it back here
24:44
for now. What?
24:47
Else can I show you guys today? Oh.
24:50
Yeah, you know what we'll show? Yeah, we'll we'll show the old.
24:52
Stopper truck here in a minute. I'm not done yet, Will.
24:55
It be CBDCBDC. So remember we went from real
24:58
money to fake coins to Monopoly money?
25:03
Is it going to be CBD CS? Don't forget.
25:05
And we talked about this ad nauseam yesterday, everybody's
25:08
Is it weird nobody's talking about CBD, CS anymore?
25:13
Central bank? Digital currencies?
25:14
Well, the. SWIFT system, which is like the
25:17
backbone of the Western US hegemony, hegemony, whatever.
25:22
The SWIFT system is the interbank transfer system where
25:25
they move dollars basically around the world dollar.
25:28
You know, Western Russia got kicked out.
25:30
Whatever. They.
25:32
Have basically said that within the next 12 to 24 months they
25:35
are implementing systems that will accommodate now CBD, CS,
25:41
Central Bank, digital currencies.
25:43
Do we need any more proof that they're coming?
25:46
I don't know, I don't think so. What do you think?
25:49
Andy Scheckman would say. Andy would say, Well, you look
25:51
at the crumbs on the ground. And.
25:53
You put them together and you come up with a conclusion.
25:55
My conclusion would be that the CBD CS are coming and then
25:59
people are telling me things like I go to the grocery store
26:02
and I want to buy a steak and the CBDC will tell me, sorry
26:06
Ronnie, you have no steak, you. Ate too much steak this year You
26:11
eat chicken. Or you eat sausage.
26:13
Or what are they saying now? They're talking about some.
26:16
Of this, like future food is going to be like insect based,
26:20
I'm going to have to really get used to that one.
26:22
How about you? No.
26:23
Offense to anybody out there eating insects grosses me out.
26:27
Sorry. I mean, I'm Susie and I watched
26:29
that show. Do you ever watch that show
26:30
called Not Survivor Naked and Afraid?
26:34
When my daughters were little, they'd love it because the
26:36
people were naked, right? They'd like, drop two naked
26:39
people in the middle of the jungle and they have to survive
26:41
for 21 days. I'd rather watch that than CNBC
26:45
or MSNBC or something like that, anyway.
26:48
Oh, they're always eating insects.
26:50
And then what really freaks? Me out is when they eat snakes
26:54
nonetheless. Why?
26:55
Was I even talking about that? Why?
26:57
Are you still? Here I'm supposed to be talking
26:59
about silver and gold. I'm sorry, I digress.
27:02
Oh, frog legs, that's last thing.
27:05
I've never eaten a frog leg in my life.
27:07
And it the thought of eating a frog leg grosses me out.
27:09
And I'll tell people, like, I know it's weird because I'll eat
27:12
part of a chicken, I'll eat part of a cow.
27:14
But you put a frog leg in front of me and I feel like I want to
27:17
throw up, which makes no sense because I've never even tried
27:20
one. And everybody says it tastes
27:21
just like chicken. So maybe.
27:24
Maybe. Someday in my life I will try a
27:27
frog leg. I was at this buffet in
27:31
Springfield, MO, with my cousin Douglas.
27:34
This was gosh, before the girls were born 15 years ago and we
27:37
were having dinner and they had frog legs on the buffet.
27:40
I can still see the pan of frog legs.
27:47
Welcome to Ron's Kitchen. This is where you learn about
27:49
cooking and culinary insights. All right, let's get back to
27:53
silver and gold. OK?
27:56
Yeah, maybe. Maybe we will indeed live in a
27:59
complete. Hey, ODBG.
28:01
Good morning, Ron Pimbex, Pi. MB.
28:03
EX. Thanks, Old dirty bastard.
28:05
Thank you. Metal sear.
28:08
Robin Hood introduced a gold card.
28:10
Plastic money. Yeah, it's all.
28:13
Maybe we're going to live in a complete Unicorn fart dust world
28:17
where everything will be OK, Right?
28:19
Numbers don't matter. That doesn't matter.
28:22
Derivatives don't matter. I don't buy it.
28:24
OK, there's. What?
28:27
What I do know is this what we do know if you're a middle
28:30
American, unless you're a part of the one.
28:33
Top one 1% of the top 1%, basically your wealth has been
28:39
stolen from you by inflation over the last couple of years.
28:43
It's been rather outrageous. And over the last 50 years it's
28:49
been. Do you know, how does this, I
28:51
mean, think you're a gold and silver investor.
28:53
Think about this since 1971, the US dollar.
28:58
Oh, I got one here this. This.
29:01
Thing right. Is that real?
29:03
I got my eyes closed. I can't tell, guys.
29:05
Either I'm holding up a piece of Monopoly money or AUS dollar.
29:11
I. Wish this wasn't the case, but
29:13
since 1971 when I was a very cute one year old baby, this
29:18
thing has lost 98% of its value against gold.
29:23
OK, yeah, this is a smart way to store wealth.
29:28
Maybe not right? Unless you're really wealthy and
29:31
you own a bunch of property or a bunch of stocks which are in a
29:35
bubble. Both those are in a bubble, but
29:36
still none the less I tell you what if I had a bunch of money?
29:41
In. The stock market right now, if I
29:44
had a. Bunch of like residential real
29:46
estate. I'm.
29:48
Just saying what I would do, don't make any financial
29:50
decisions, adopt A puppy or get engaged or do anything like that
29:54
based on what I'm saying. But if I had a bunch of money in
29:57
the stock market. If.
29:58
I had a bunch of money in that, that cryptocurrency that starts
30:02
with the letter B. This is just me personally.
30:05
If I had a bunch of money in residential real estate, if I
30:07
had 15 rental houses, I'd be liquidating part of that
30:12
investment and buying some silver, buying some gold, buying
30:16
some one ounce gold coins, which I don't own any 'cause I don't
30:19
own any physical gold. I own a bunch of mining stocks.
30:23
I'd be buying a bunch of silver. That's what I would be doing.
30:25
I mean, I wish, right, that I had put all my money in the S&P
30:30
500, right? I mean, I'd be converting it,
30:33
but that's just my opinion, OK? What's up with silver?
30:37
What's up with silver? That's this whole video was
30:39
supposed to be about. Why is poor silver being
30:42
ignored? It's not fair, right?
30:44
And we feel the pain. We're the silver investors.
30:47
Inflation is real. Do we believe the government
30:49
figures Believe Your gas bill? Believe.
30:53
Your grocery bill? Believe.
30:55
Your rent payment Believe. Your car payment?
30:58
Believe. Your How much you got to pay to
31:01
let your kids play? Select volleyball, Whatever you
31:04
whatever you're doing right. Believe those things.
31:06
All the prices are going up, up, up, everything.
31:10
I hate to bring this up. Don't be mad at me.
31:13
Please don't. I I get enough hate mail.
31:18
And a lot of really nice mail too.
31:20
A lot more nice mail. But you know what it's like to
31:22
be human. Are you this way?
31:24
I, I I hear that this is common but are you this way you could
31:28
get 99 compliments today and one criticism.
31:32
And the one thing that'll stick in your mind is that criticism.
31:35
Don't let that happen because I'm going to tell you right now.
31:38
Right. You all have you.
31:39
Yes. You have a lot of great
31:41
attributes. One of which I'm very grateful
31:44
for you for joining me here in the basement.
31:45
Thank you. OK.
31:46
Please don't forget thumbs up. I really appreciate the Super
31:50
chats. Goes a long way to help support
31:51
the channel and the family my 12 year old twin daughters spending
31:56
habits. But most importantly, it's a
31:58
big, big, big day that you're here.
32:01
Big Tim, hey, wants to visit the first majestic Silver mint.
32:05
Yeah, no joke. I'm going to be interviewing
32:08
Keith Newmayer a week. Oh, no, Tuesday of next week.
32:12
And I'm going to ask him about that meant Keith Newmayer,
32:14
right. The first, you know, like the
32:16
the A warrior, one of the warriors in my opinion, in the
32:20
precious metal sector. I am talking to Dave Morgan here
32:23
in about one hour from the Morgan report.
32:26
Everybody knows David Morgan, right?
32:28
He is also in my opinion one of the royalty in the precious
32:33
metals investing sector, right. Another warrior for the precious
32:37
metals. Don't forget guys, silver is
32:41
like the only precious metal that is not anywhere near its
32:45
all time high. We know gold right?
32:47
Gold was at an all time high just recently is bumping up.
32:51
Hopefully it's still above 2200 this morning.
32:54
Silver. Silver's like half of its all
32:58
time high. Can you?
32:59
I mean, does that make any sense?
33:01
And it's the precious metal that's in most demand.
33:04
You know the figures. You know, 60% of it's being
33:07
eaten up by industry. I mean, come on, does this make
33:11
any sense? Right.
33:12
Silver's and the and the premiums are low.
33:15
Hello, metal sear gold. Off to the races.
33:17
Awesome. Hey, let's do it guys.
33:19
Let's take a break. Let's take a little break.
33:21
Hold on. I'm gonna take a little drink of
33:23
water. Give me one second.
33:25
Don't leave. Don't leave.
33:31
Hey. Susie, Susie's not here.
33:34
Hey, Susie, could you call me on the phone and tell me how many
33:37
thumbs up we have 'cause I have a new bell to ring when we get
33:39
to 100. Thumbs up.
33:41
OK, we're gonna go out real quick here, guys.
33:46
We're gonna go on a little field trip and and we aren't gonna go
33:51
to the Det clock. Let's just check real quick up.
33:53
Still going up? We're going to go check on the
33:57
silver prize and the gold prize, Pi, there we go.
34:02
I. Type P in my browser brings up
34:04
pin backs. Let's see what's going on.
34:08
Oh my gosh. Oh my Lord.
34:11
Holy mole, is that right? Oh my Lord.
34:16
Up $22.00. Wow.
34:22
All right, basement dwellers. We're having some fun today.
34:25
Man, that is awesome. Yeah.
34:29
So anyway, if Susie can, somebody could send me a text or
34:32
call me when we get to 100. Thumbs up.
34:34
I want to ring the pocket pinger.
34:36
Baby. We got a wow.
34:38
Yes. Patrick Pearl has something.
34:42
Social credit score. Yeah, it's, you know, that's the
34:46
whole scare with. That's the whole big scare with
34:50
the with the CBDC's guys somebody brought up there,
34:54
right? I think Silvershire is talking
34:57
about the 1980 high when adjusted for today's dollars.
35:01
OK, so we got the $50.00 in 1980 for silver.
35:05
OK, we're at 25 now, 1980. I was 10 years old.
35:10
I was building a little remote control car in the basement.
35:14
The Tamiya whatever, Grasshopper.
35:17
It was, right? I mean, that was a long, long
35:20
time ago, right? A long.
35:22
Oh, here we go, Big Tim. Oh, man, we got 184 thumbs up.
35:26
Thank you, Big Tim. Appreciate that, my friend.
35:31
Oh. It but now, but now if you.
35:34
Adjusted that $50.00 for inflation, it's like 160.
35:37
I've heard his eye is 187. I won't argue.
35:41
Hey. I'll take 150.
35:42
Hey, we'll take $100 silver. And I'm telling you, basement
35:46
dwellers. That's right.
35:47
You're a basement dweller. I keep forgetting.
35:50
You know, that's that's our call.
35:53
We have certain words, right? We know what the S word is
35:56
stagflation for. Those of you who are new right,
35:59
we know what Unicorn fart dust is.
36:01
And we know when that silver price like reflects reality.
36:07
It's going to be Katie bar the door.
36:10
You know, it could go. You hear people talk about
36:13
$600.00 silver. It can go even higher.
36:16
I got a lot. I've been attacked, OK?
36:19
I've been attacked for some of my thumbnails where I say $100
36:23
silver, $85 silver. The reality, guys, right.
36:27
Is that based on the numbers? OK.
36:30
This is going to be very quick based on this right here.
36:36
OK. Just that number alone, OK.
36:38
And the fact that that is growing faster and faster and
36:42
that there's more being added to it to the national debt.
36:46
And then as interest rates as less people want to buy the
36:49
national debt and it's going to happen that that the rates are
36:53
going to go up which will mean the interest expense goes up,
36:55
which means that number it's a spiral, it's not a good
36:58
situation. All right.
37:00
And if you don't agree with me here, let's do a live, let's do
37:04
a quick live, Let's go over and then I'm gonna ring.
37:08
I'm gonna tell you about the the pocket pinger.
37:10
It's really cool. I saw it this morning.
37:15
Hopefully you guys. Can see my screen.
37:17
OK, hold on, hold on. Great article.
37:23
The the government. The government.
37:26
OK, that guy Sam Bateman Freed is going to get sentenced today.
37:32
Carnival Cruise Lines is whatever, blah, blah, blah.
37:35
Bidenomics blowback. Bear with me.
37:38
Bear with me. Pending home sales.
37:40
What'd that say? Hover near record lows?
37:42
Yeah. Didn't we just talk about that?
37:45
Oh, the BlackRock CEO is very bullish on Bitcoin.
37:48
Sure. Yeah, right.
37:50
That was the whole thing with Bitcoin, right?
37:52
Like it was outside of the mainstream financial area.
37:55
But now somehow it's a good thing.
37:58
I don't know about that. And somebody please tell me who
38:01
invented Bitcoin? That.
38:03
Would be a good start. All right, Jobless claims
38:06
continue to hover. That's not that's not what I'm
38:08
trying to show you guys. Amazon is.
38:12
Is. Closing down offices?
38:14
OK, US backed itself, darn it. There was an article.
38:20
I can't find it now. Maybe it's at the very top.
38:22
Hold on. There was an article that
38:23
basically said the I think it was the CBO.
38:26
One of the big government agencies basically warned that
38:31
like that we're that we're in for.
38:34
I can't find it. So much for being prepared,
38:37
right? One of the big government
38:39
offices put out a report saying, hey, we're screwed.
38:43
OK, America, we're screwed. They even went as far as to
38:46
compare our current debt situation, our current fiscal
38:51
situation, that's called fiscal fiscal policy.
38:54
When the government does it, we'll we'll just call it FFT.
38:58
The. F policy, FD up, F policy,
39:01
sorry, fiscal policy that we're basically heading towards
39:06
disaster and they went as far. What does this mean to compare
39:09
what happened? I don't, you probably don't
39:11
remember this was either a year, a year and a half ago, I think
39:14
it was in Great Britain. They had a big crisis where the
39:18
government had to step in and they said we are basically at
39:20
that same stage right now. So I don't know guys, it's not
39:24
looking good out there. It's not looking good.
39:26
We got more to talk about silver, right.
39:29
Industrial demand force. Oh, continues upward.
39:33
Let's ring the bell. This is cool.
39:36
Have you guys seen one of these? OK, a base basement dweller,
39:41
John. That's an American Silver Eagle.
39:44
There you go. That's an upside down eagle.
39:46
But anyway, you get the point. John 645 sent this to me.
39:50
This is called a pocket pinger. It says sound money on there.
39:55
I don't know if you probably can't see that in black.
39:58
This is a way that you can test. Your silver.
40:02
I think you can even do bars on here like little bars and and
40:05
rounds and everything else. And there's an app.
40:08
Let me show you the app real quick that I've been using
40:12
called Ping Coin. OK, and I have an Android, but
40:18
what you do, this thing has JAWS and I'm not sponsored by this
40:23
company or anything else, but instead of ringing the bell, I'm
40:25
going to ring this for you. This little contraption has jaws
40:28
and like these little rubber things.
40:30
There you this isn't just a regular American Silver Eagle.
40:38
Aren't they beautiful? I'm sorry.
40:39
I do that every video. Now let's take a moment and
40:43
admire the beauty of the American Silver Eagle, trying to
40:48
get it in focus. OK, Anyway, you stick it inside
40:51
there like so. OK.
40:53
And then you take it and you do this.
40:57
Watch. This.
40:59
All right, Now I'm going to do it right by the microphone so
41:01
you can hear it. Now people that have a more
41:04
trained ear than me can hear this ping and tell if it's a
41:09
real or a fake coin. OK, so I'm going to ring it.
41:14
One, two. Can you guys hear that?
41:20
345678910. OK, what you do with this app is
41:31
you tell it which coin you have. Which?
41:34
I would press the American Silver Eagle button and then you
41:38
ping it by the microphone and it can listen.
41:40
It measures the sound waves or to something I don't really
41:43
understand. And it'll tell you yes, it's
41:46
real or no, it's a fake. And this one I got from Jake
41:50
from Jake's Custom parts, I'm happy to announce it's real.
41:53
They also give you this stick that you can use.
41:57
Oh wow. Listen to that.
42:06
Let me. Get a fake.
42:07
And John 645 also sent me these high-powered magnets.
42:12
Very super nice of him. I'll do more with that later.
42:14
But let me let me get a fake. I have a fake coin.
42:17
The coin shop Chris sent me to show me a fake.
42:21
It wasn't a fake that he was sending me thinking it was real.
42:23
It was a real. He knew it was a fake.
42:25
He said I want you to have a fake coin.
42:27
Which blew me away. Hold on one second.
42:37
OK. This is a fake Morgan.
42:43
OK, let's see if you can see that.
42:47
But it looks real. It would fool me, OK?
42:51
Let's hear what? I've never done this, so this is
42:53
breaking news. I just want to do this one
42:57
really quick and let's see if we can tell the difference.
43:00
Yeah. Listen to that.
43:01
That is a much higher, much higher pitch.
43:06
Very. Interesting.
43:07
Thank you, John 645, super appreciate it.
43:11
You guys always are sending me the coolest stuff.
43:14
OK, Don. My, my Don the Brain sent me.
43:18
He sent me an eagle and sent me all cool books and all kinds of
43:22
stuff. My friend Elaine over in Paris,
43:25
right? This is one of the coins he
43:27
sent. Really a cool look.
43:29
At the back of this coin, silver is so beautiful.
43:33
Do you agree? I'm.
43:34
Oh, look at that. Wow.
43:36
Hi, Elaine. Hello, my friend.
43:38
I know you're in France and I will come see you in Paris
43:42
sometime soon. OK.
43:44
Look at that. All right, hold on.
43:48
We're not done. We got a lot more to talk about
43:50
and I'm going to turn the page. Let's.
43:53
Turn the page basement dwellers. I'm going to repeat this.
43:58
I said it earlier. Silver, usually IT guys.
44:01
OK, what's wrong with silver? That was the whole point of this
44:03
video. We were upset.
44:05
Why is Why is gold going to new record all time highs and
44:08
silver? Is languishing.
44:10
It usually takes three or four months for silver to catch up.
44:13
Same thing with the mining stocks.
44:15
If you're invested in the mining stocks like I am, you're still
44:18
in pain. OK, but but if things.
44:21
Keep going the way they are. Let's not forget, OK, let's not
44:26
forget the. Middle East is a tinderbox.
44:30
OK, I pray for the safety. Let's all have a moment and pray
44:35
for the safety of everyone, especially US service members,
44:40
but everyone in that region, we don't.
44:42
I mean, there's a lot of violence going on.
44:43
The Middle East is a tinderbox. The Ukraine is a tinderbox.
44:47
Look, there's people now saying, and I'm not saying this, but,
44:51
well, not people it. The Russians are saying.
44:55
They're very suspicious. That horrible, horrible.
44:58
Did you see that? I.
45:00
Hope you didn't. I did watch some of the footage
45:02
of what happened in that concert hall.
45:04
It was horrible, and the Russians are saying that they're
45:08
very suspicious. I.
45:10
I'm I'm not you know but they're basically from what I understand
45:14
are saying that they're very suspicious that there could have
45:18
been some involvement in that from the Ukraine's and from the
45:22
West look. That's just what they're saying.
45:24
I'm reporting the news, OK? the US is a tinderbox.
45:29
I mean, can you feel it right? Politically, we've got this big
45:33
election coming up. I mean, just absolute craziness
45:36
right now. Politically, socially,
45:38
financially. Everybody is in stress in this
45:41
country. Are you in stress?
45:43
I'm in stress. It's.
45:45
Stressful to be an American, it's really, really stressful.
45:48
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First, mining gold is in the development phase.
46:24
They're getting permits for these big projects.
46:27
Fortuna has five operating minds.
46:29
Look, it may sound corny, but I really, really like their CEOI
46:36
love the people that I interact with at the company.
46:39
They are top notch. There's a reason why the company
46:42
has grown from one mind to now 5 operating minds over the almost
46:47
past 20 years, and I'm so excited to see how they perform
46:53
during this first quarter of 2024.
46:56
You can learn more about Fortuna at fortunasilver.com.
47:00
Middle. East tinderbox Europe tinderbox
47:04
United States tinderbox China and Taiwan situation tinderbox
47:09
Remember China bad. That's.
47:11
What? That's what we hear, right?
47:12
If you watch, if you just watch what they tell you on the
47:15
mainstream media. China bad?
47:17
North Nobody talks about this one, but North Korea is like
47:21
getting very aggressive towards South Korea.
47:24
Tinderbox. OK, I watched.
47:27
It was kind. Of scary.
47:28
Like a big military parade that they had in North Korea.
47:31
I was like, what? What is going on, man?
47:34
Nobody. Nobody.
47:37
Think. About history, it's a fact when
47:39
the world is at odds with each other.
47:42
And I'd say in my 54 years, all right, I was born in 1970, in my
47:48
54 years, how about you? During your life, have you ever
47:53
seen the world with so much conflict, so much tension, so
47:58
much change occurring, right. That's the time when countries
48:03
don't trust each other. I think the level of trust
48:06
amongst countries, in my opinion, is lower now than ever
48:09
before. But what does?
48:10
That have to do with the price of silver and gold.
48:12
You might ask. Well, when countries don't trust
48:16
each other. They.
48:18
Don't trust each other's Unicorn fart dust paper.
48:25
They don't trust it, right? What do they do?
48:28
They want real assets. Remember earlier we talked about
48:32
if you're a oil pumper over in over in the Middle East and
48:36
you're selling oil and you're getting dollars, do you want to
48:38
hold on to these things right? Remember, they can look at the
48:42
US debt clock. Also they can watch.
48:45
What's going on in the United States?
48:47
Also, what are they going to want?
48:49
No, here's what they want. They want.
48:54
They'll take this. This is real money.
48:57
This is constitutional silver. See.
49:00
You can hear it, right? That's what they want.
49:03
That's what they'll take. They don't want the paper.
49:06
So it's going to be an interesting, interesting couple
49:10
of years, guys, man. I'm.
49:13
Telling you, basement dwellers, you know, sure, the price of
49:18
silver could crash, right? It could.
49:21
I'd be very sad, OK, but I want to tell you it could happen,
49:25
right? Silver could go to $12.00 an
49:27
ounce. Silver could go to $15.00 an
49:29
ounce I guess Silver could go to $6.00 an ounce, Whatever.
49:33
I don't think that's going to happen.
49:35
I think the risk of that happening is far outweighed by
49:39
the fundamental factors that are impacting the market and will
49:43
continue to impact the market as we head into these next couple
49:47
of years. Gold looks very good as well.
49:50
I want to say thank you to the moderators who've been here on
49:53
this live stream, are always on the live streams.
49:56
It's a big, big deal. Thank you for being an integral
49:59
part of the channel. Thank you to Susie, my lovely
50:02
wife, for not only what she does for the channel, but for
50:06
everything she's done for me. Hey everybody, Susie's birthday
50:09
is coming up OK, Tuesday of next week.
50:14
So anyway, I believe her e-mail address is in the description of
50:18
this video and all the videos. And hey, have a great day.
50:22
Thanks for being here. OK.
50:24
And I. Think I covered everything.
50:28
We'll see you basement dweller. Have a good day.
50:31
OK. Be good to yourself.
50:32
You deserve it. You really do.
50:34
Thank you. Bye.
50:35
Bye. Bye.
50:39
Bye.