Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🔴 SILVER INVESTOR! 🔴 - Breaking PRECIOUS METALS Market Price Update!!... (Gold Price Too)

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🔴 SILVER INVESTOR! 🔴 - Breaking PRECIOUS METALS Market Price Update!!... (Gold Price Too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Massive changes, massive news for the gold and silver
• 0:04
  community. There must be something big,
• 0:06
  big, big, double, big, triple big going on right now in the
• 0:11
  world that you and I, as a gold and silver investor, need to pay
• 0:15
  close attention to. Why else would Donald Trump have
• 0:19
  said this yesterday? This is an evolving story that
• 0:22
  we're going to keep on top of, guys.
• 0:25
  But this comes from Bloomberg via Yahoo Finance.
• 0:30
  Bloomberg Trump demands commitment from bricks on using
• 0:35
  the US dollar. Donald Trump is threatening
• 0:39
  BRICS countries with a 100% tariff if they attempt to move
• 0:44
  away from the US dollar. Guys, this is maybe the biggest
• 0:48
  news story of the year for precious metals investors
• 0:52
  because it indicates to us that there's something big going on.
• 0:56
  Why else? Why else?
• 0:58
  I want you to think about this. Why else would Trump be out
• 1:01
  there leveling these threats against the BRICS countries
• 1:07
  unless they were worried about what's going on?
• 1:09
  If we heard about weaponization of the US dollar, have we heard
• 1:13
  about D dollarization? And what about that massive news
• 1:17
  story? I need to look you in the eye.
• 1:19
  Oh, oh, no, I did it. Hold on here.
• 1:23
  OK, hold on. We're having some technical
• 1:25
  problems. Hold on here.
• 1:31
  Hold on. Another window.
• 1:37
  OK, here we go. OK, I think we're back.
• 1:42
  I think I fixed it. Hopefully you guys can still
• 1:45
  hear me and see me. Sorry about that.
• 1:48
  Let me pull this up. Hello, basement dwellers.
• 1:51
  Somebody give me a 5 by 5 if you get a chance.
• 1:56
  But why else would they be doing this if they weren't worried?
• 2:00
  And remember, remember just two months ago, two years ago, all
• 2:04
  the talk was about the about the bricks gold backed currency.
• 2:08
  We know what Russia and China, what their intentions are with
• 2:12
  precious metals. We know what the bricks
• 2:14
  countries want to do. So why else why else would Trump
• 2:18
  have come out with this? Let's go back to the article.
• 2:20
  Sorry about the technical difficulties there that we
• 2:23
  briefly experienced. US president-elect Donald Trump
• 2:27
  warned the BRICS nations that he would require commitments that
• 2:31
  they would not move to a move to create a new currency as an
• 2:36
  alternative to using the US dollar and repeated threats to
• 2:42
  levy 100% tariff. This was yesterday, he said,
• 2:46
  Quote, the idea that the BRICS countries are trying to move
• 2:48
  away from the dollar while we stand by and watch is over,
• 2:53
  Trump said in a post to his Truth Social network on
• 2:56
  Saturday. He said, quote, we require a
• 2:58
  commitment from these countries that they will neither create a
• 3:02
  new bricks currency nor back any other currency to replace the
• 3:07
  mighty U.S. dollar or they will face 100% tariffs and should
• 3:14
  expect to say goodbye to selling into the wonderful U.S. economy,
• 3:19
  He added. Oh my gosh, guys, there is this
• 3:21
  is crazy. What is going on?
• 3:23
  Trump, listen to this. Trump and his economic advisors
• 3:27
  have been discussing ways to punish allies and adversaries
• 3:31
  alike who seek to engage in bilateral trade in currencies
• 3:36
  other than the dollar. I can't help but ask the
• 3:39
  question, if two countries want to trade with each other and
• 3:43
  they want to do it without the US dollar, why are why do we
• 3:46
  have this right to demand that they use the dollar?
• 3:50
  I don't quite get that right. Why, why should we?
• 3:53
  Doesn't that kind of feel like we're maybe being a little bit
• 3:55
  of a bully? I don't know what, I love my
• 3:57
  country. I love everything about the
• 3:59
  United States. You know, there's a self waving
• 4:02
  American flag behind me. But by golly, by gosh, if two
• 4:07
  countries want to trade with each other and they want to use
• 4:09
  their own currencies, I don't get it.
• 4:11
  These measures include considering options such as
• 4:14
  export controls, currency manipulation charges and levies
• 4:21
  on trade, according to people familiar with the matter.
• 4:24
  The president elect's warning against the BRICS nation suggest
• 4:28
  quote how confused the incoming administration is about the
• 4:34
  global trade and capital system. That was according to Mike
• 4:37
  Pettis, a senior fellow at the Carnegie Endowment for
• 4:39
  International Peace. Guys, we are, we are moving.
• 4:45
  Well, boy, things are just off the rails today.
• 4:47
  I tell you, we are moving to an environment that is going to be
• 4:52
  so favorable for silver and gold.
• 4:55
  Ask yourself this, so critical for us to remember.
• 5:00
  Why else would they be talking about what?
• 5:02
  Why else would the Trump administration be threatening
• 5:06
  the world? Don't you dare think about using
• 5:10
  anything but the US dollar for trade unless they were very
• 5:14
  scared that the world is moving in that direction.
• 5:18
  Doesn't that make sense? And we know as they move in that
• 5:21
  direction, we know that the world central banks are doing
• 5:24
  what are buying gold. OK, de dollarization is real.
• 5:30
  And and it also begs this question, isn't competition
• 5:33
  good? Something about this has me and
• 5:37
  not a political statement, but something about this as a gold
• 5:40
  and silver investor has me a little, let's say, intrigued
• 5:45
  about what's developing in the world right now.
• 5:49
  We've got this here. Here's a great here's a great
• 5:51
  one from from our friends at X OK, this is from Coin Telegraph.
• 5:58
  I'm sorry, Gold Telegraph today marks a historic shift referring
• 6:03
  to what happened yesterday in red. the United States drowning
• 6:08
  in 36 trillion of debt in nearly and in a nearly 7% GDP deficit
• 6:14
  threatens nations to uphold its debt based currency.
• 6:18
  Isn't that what we what we're doing?
• 6:20
  Meanwhile, BRICS moves to reset and rebuild with hard assets,
• 6:25
  gold and silver. See the gold down there?
• 6:28
  The US needs the leverage, the gold that we re leverage gold to
• 6:32
  retain dominance. And we've got people like Judy
• 6:35
  Shelton, right Doctor Judy Shelton, who was who was almost
• 6:39
  put on the Fed by by Donald Trump during his first
• 6:42
  administration, who are who's talking about just that.
• 6:46
  OK, we're going to go all over the place here guys.
• 6:49
  But she's talking about gold backed U.S.
• 6:51
  Treasury notes on top of that. This is more evidence gold and
• 6:56
  silver are coming to a storefront near you, my fellow
• 7:00
  basement dwellers. Gold and silver are reclaiming
• 7:04
  right what has always been rightfully there's as the
• 7:10
  dominant force backing money, backing value in the world.
• 7:15
  OK, it's happening and it's happening in real time right
• 7:20
  now. Look at this.
• 7:22
  I thought this was very interesting.
• 7:24
  We've got well, let's see what Peter Schiff had to say.
• 7:26
  We talked about this last night, but it bears repeating because
• 7:29
  if this has gotten 134,000 views on X, probably more than that by
• 7:35
  now. He says Trump claims that the US
• 7:37
  is a sucker for allowing BRICS nations to supply Americans with
• 7:41
  low cost, high quality consumer goods in exchange for paper
• 7:46
  dollars. But it's the BRICS nations that
• 7:49
  are the real suckers as they trade their real goods for our
• 7:54
  Fiat currency, right? What he's saying is that the
• 7:58
  world is waking up. OK, The world is waking up.
• 8:01
  The world is, is is entering a new day, a new dawn.
• 8:05
  Gold and silver are like like like big brown bears that have
• 8:09
  been hibernating for the last 50 years as the United States
• 8:13
  imposed upon the world this paper Fiat money system which is
• 8:19
  on the verge of breaking up. Do we need to go look at do we
• 8:22
  need to go look at the at the US debt clock?
• 8:24
  Let's go do our daily field trip and and check out just to make
• 8:27
  sure that things haven't gotten any better overnight here.
• 8:31
  Let's take a look at where do you think the national debt is
• 8:34
  right now? OK, there we go, $36 trillion.
• 8:38
  All right, we're halfway to 36 trillion, 100 billion.
• 8:42
  I mean that's it's just blowing up out of control.
• 8:44
  Since we're here, let's look at the silver market, OK, the
• 8:49
  dollar to silver ratio, 1043 dollars.
• 8:53
  What is today, today say December 1st.
• 8:56
  Welcome to December basement dwellers.
• 8:59
  Let's just update this as we've done such a good job and what
• 9:04
  we're tracking here guys is the dollar to silver ratio.
• 9:11
  What did I say? It was 1043.
• 9:14
  Somebody help me out here. We'll fix it if I'm wrong.
• 9:17
  OK, The dollar to silver ratio. That means that for each one
• 9:21
  ounce of silver that's being mined in the world right now,
• 9:25
  the United States government is printing 1043 paper dollars.
• 9:31
  Our M2 money increase and M2 money supply for each one ounce
• 9:35
  of silver. OK, not saying that the silver
• 9:38
  price should be $1000 per oz. No, we are not saying that.
• 9:42
  But that does demonstrate to us just how much paper money is
• 9:46
  being created relative to how much silver is being created in
• 9:51
  the world right now. And of course, like we always
• 9:54
  like to look at everyday and never, oh, it did go up the
• 9:57
  paper to silver ratio, you know, 411 ounces of paper silver being
• 10:03
  traded on the electronic exchanges for each one ounce of
• 10:08
  silver. That's actually up.
• 10:09
  So nothing significant. It's been around 4:10, 4/11 for
• 10:13
  a while, but still that's what we have.
• 10:15
  Now. I want to remind you of
• 10:17
  something very interesting about Donald Trump.
• 10:21
  Well, OK, let's there we'll go. We'll go straight to this one.
• 10:27
  Hold on here. OK.
• 10:29
  Did we cover that? Yes.
• 10:30
  All right, here we are. And what does it mean when we
• 10:37
  read this? Now, this is from a few years
• 10:39
  back. None the less, Trump accepts
• 10:43
  gold instead of dollars from a new tenant.
• 10:47
  This was originally reported back in 2011.
• 10:51
  But this tells us something about this man in his thoughts
• 10:55
  on gold. Rents are too darn high.
• 10:58
  Donald Trump, he's complaining about the Federal Reserve.
• 11:01
  Again. This was from a few years back.
• 11:03
  OK, Usually, Donald Trump had rented some space in one of his
• 11:09
  new buildings. And listen to this.
• 11:11
  Usually Trump gets a certified check for security deposit when
• 11:14
  leasing space in one of his office towers.
• 11:17
  But well have but well have but we'll have a first on Fox.
• 11:21
  We'll have, I don't know interview with Trump today is he
• 11:24
  accepts gold bullion worth about 200,000 from Michael Haynes, the
• 11:29
  chief executive of precious metals dealer at Mex.
• 11:33
  The gold payment was an at Mex idea.
• 11:35
  Trump Press says Trump has been bullish on gold due to his
• 11:39
  concerns about the value of the US dollar.
• 11:43
  Now granted, that was a few years ago, but you may remember
• 11:46
  that story like I did. It made headlines that Trump was
• 11:49
  accepting gold instead of cash instead of cashier's checks
• 11:53
  right for for lease payments on his properties.
• 11:57
  Wow, guys, we got 400 people on a Sunday morning.
• 12:00
  Thank you for being here. Thank you for being part of the
• 12:02
  basement. If you want to get new content
• 12:05
  every single day regarding the gold and silver market world
• 12:09
  events, but it always ties back to what's our favorite subject,
• 12:12
  gold and silver, please consider benefiting from subscribing to
• 12:18
  the channel. If you get tired of me, you
• 12:19
  don't have to watch. Trust me, I get tired of myself,
• 12:22
  OK. But we got a great community you
• 12:25
  can be a part of. You can leave comments in the
• 12:27
  comments section. We learn so much from each
• 12:30
  other. So thank you.
• 12:31
  Thank you. Please do though, give this a
• 12:32
  thumbs up that helps get the word out to more people and
• 12:35
  super chats, donations, PayPal, whatever.
• 12:38
  Never expected, always much appreciated.
• 12:42
  Let's move on. Are we going to have a Santa
• 12:45
  Claus round? A Santa Claus rally in?
• 12:48
  Are we gonna have a December? It's December 1st.
• 12:51
  It's the holiday season, right? Hey, we're here.
• 12:55
  Are we gonna have a Did you know we've had a Santa Claus rally
• 12:58
  seven of the last years. Now, you know, there's a reason
• 13:02
  why that happens. It's called seasonality.
• 13:05
  But are we going to experience it again this year?
• 13:09
  Are we going to have gold prices higher at the end of December
• 13:14
  than where we are today? Let's go ahead and take a look
• 13:16
  at the gold price. It can it can sometimes move
• 13:19
  over the weekend. Here we go, Channel sponsor pin
• 13:21
  backs. Let's press the gold button, the
• 13:24
  little gold triangle. All right, so silver closed the
• 13:27
  week $30.70. Not too bad.
• 13:31
  Boy. Will we be above $31.32 next
• 13:35
  weekend? That remains to be seen.
• 13:38
  Gold 2655 dollars. Where will gold be on the last
• 13:44
  day of December? We're going to talk about that
• 13:46
  next. We're going to listen to one of
• 13:48
  the top analyst in the gold and silver sector and his thoughts
• 13:51
  about the precious metals markets as we head into
• 13:53
  December. But first, it's the holiday
• 13:56
  season. If you're looking to buy gifts
• 13:58
  for yourself or someone you love, please consider checking
• 14:04
  out Pimbex. Pi MB EX fun to spell, even
• 14:07
  funner to buy gold, silver, platinum group metals from
• 14:12
  Pimbex because you will always get the best prices.
• 14:14
  You will always get more metal for your money.
• 14:18
  And if you're a stacker, if you're a person who likes to
• 14:21
  collect silver, gold, and platinum group metals, hey, you
• 14:25
  always want to get the most metal that you can, please
• 14:28
  consider checking out Pimbex. They'll have a great selection
• 14:31
  and most importantly, a company you can trust.
• 14:33
  And big warning, big warning, big, big, big, big, big warning.
• 14:38
  If you or anyone you love this is serious, ever decides to
• 14:43
  convert an IRA into precious metals?
• 14:47
  There's a lot of big companies that advertise on TV constantly.
• 14:52
  You know, just think about where's all that big advertising
• 14:54
  money coming from? On top of that, some of them
• 14:57
  will tell you they'll give you a 10,000 of free silver.
• 15:01
  I think one of them even says 15,000 and free silver.
• 15:04
  Guys, I hate to ruin it for you, but there's no such thing as
• 15:08
  free silver unfortunately, or we'd all be grabbing it.
• 15:11
  So if you ever go to convert an IRA, take your time, talk to a
• 15:16
  lot of people. Don't let anyone pressure you at
• 15:20
  all. I'm not giving financial advice,
• 15:22
  I'm just giving you my opinion. Take your time, look at all your
• 15:26
  different options. Please talk to a number of
• 15:29
  different people You may benefit from including in that list the
• 15:33
  brothers at Pembacs. They can tell you what they can
• 15:36
  offer and at the end of the day, compare how many actual ounces
• 15:40
  of gold and silver you'll get from any of those different
• 15:42
  options and I think you'd be shocked at what Pembex could do
• 15:45
  for you. But again, I'm not giving
• 15:47
  financial advice, just giving you recommendations what I would
• 15:51
  do if I were looking to convert an IRA into precious metals.
• 15:55
  Let's go take a look. Are are we in for a Santa Claus
• 15:58
  rally in the price of gold and silver?
• 16:01
  This comes from our friend Niels Christensen at Kitco.
• 16:04
  Will gold see a Santa Claus rally this year?
• 16:06
  We're going to hear from Saxo Banks.
• 16:08
  Ole Henson. We love Ole, he really is and
• 16:12
  he's honest. This is not all good news guys,
• 16:15
  so don't, don't shoot the messenger here in yellow.
• 16:18
  Investors hoping for a Santa Claus rally in gold should
• 16:21
  exercise caution as recent volatility could signal a price
• 16:27
  peak, at least for this year, according to one market analyst.
• 16:31
  In his latest report, Ole Henson, head of commodity
• 16:34
  strategy at Saxo Bank, noted that gold has recorded solid
• 16:39
  gains in December for the past seven consecutive years.
• 16:44
  That's like, you know, a pretty good trend.
• 16:47
  What would you say, guys? I mean, 7, Let's go for eight
• 16:50
  Ole. Come on, he says, quote, the
• 16:53
  biggest headwind remains gold's already strong almost 30% gain
• 16:58
  this year. Gold has been up 30% this year,
• 17:00
  leaving it close to the 30% in 2010 and 31% in 2007.
• 17:07
  While the fundamentally supportive outlook into 2025 has
• 17:10
  not changed, the gain of this magnitude may attract profit
• 17:15
  taking and position squaring ahead of the end of the year.
• 17:19
  So he's saying, you know, hey guys, let's take a, let's be
• 17:22
  grateful for where the the gold and silver price are right now.
• 17:26
  While gold may struggle to hit new highs in December, Hanson
• 17:29
  said he remains bullish for 2025, forecasting prices to
• 17:33
  reach $3000 in the new year. He added the geopolitical
• 17:38
  uncertainty should continue to support the precious metal quote
• 17:43
  here and and yellow, Trump's radical plans on tariffs, tax
• 17:47
  cuts and deportation highlight the risk that inflation and debt
• 17:52
  may both surprise to the upside, two factors that gold and silver
• 17:57
  investors seek protection from. OK, right.
• 18:01
  We, we're having inflation. We've talked about that.
• 18:04
  Inflation will drive the price of gold and silver absolutely in
• 18:08
  2025. Inflation to drive gold and
• 18:12
  silver in 2025. Hansen also noted that gold gold
• 18:17
  should benefit from further central bank purchasing and
• 18:20
  Federal Reserve's easing of monetary policy.
• 18:23
  This is interesting in red. Hanson pointed out that gold
• 18:26
  prices started the week last week with a 3% drop after Trump
• 18:31
  announced his intention to nominate Scott Percent, the
• 18:34
  traditional Wall Street financier to lead the US
• 18:37
  Treasury Department. Markets expect percent to be a
• 18:40
  study safe hand for U.S. economy, which appeals which
• 18:43
  reduced gold's appeal as a safe haven asset.
• 18:46
  I don't agree with that, OK, And I'm going to show, I'll show you
• 18:49
  something here in a second. Again, that will indicate
• 18:52
  otherwise. However, later in the week,
• 18:54
  Trump threatened impose 25% tariffs on Mexico and Canada and
• 18:58
  a 10% tariff on all products from China.
• 19:01
  Economist noted that potential trade wars could push the global
• 19:05
  economy into a recession. Now let's go.
• 19:10
  OK, So man, this has been a crazy week for gold and silver
• 19:15
  investors, right? We've got Trump talking about
• 19:18
  100% tariffs on the BRICS countries, which ain't because
• 19:24
  because if they if they decide to use any currency outside the
• 19:27
  US dollar. And guys, that only tells us one
• 19:30
  thing, and that is that the US government is worried that the
• 19:35
  world is de dollarizing. The world is bifurcating right
• 19:39
  now. That didn't change.
• 19:41
  We all talked about the Trump holiday, right?
• 19:44
  That happened the two or three weeks after the election, the
• 19:46
  Trump bump, whatever you want to call it.
• 19:49
  And again, not a political statement, but now reality sets
• 19:52
  in volatility and, and that didn't change. the US debt
• 19:56
  didn't go away. Nope, it's still here.
• 19:59
  The the the political, geopolitical issues, the
• 20:02
  splitting of the world between the East.
• 20:05
  In the West did not go away, OK, Did not go away.
• 20:10
  Look, I mean, it's it's incredible what's developing
• 20:14
  right in front of us here. They just talk.
• 20:16
  And then, OK, so that was story #1 story #2 was Scott Besent,
• 20:20
  who's going to be the new Treasury Secretary.
• 20:23
  Scott Besent is a gold bug. And they're talking.
• 20:26
  People are like, oh, gold went down.
• 20:28
  I mean, that makes does it make, no, it makes no sense.
• 20:31
  Actually. It's madding.
• 20:32
  I'm a little angry, to be honest with you.
• 20:36
  I'm a little angry because they nominate a gold bug to be the US
• 20:41
  Treasury Secretary and we get a doubt.
• 20:44
  We get up like a 3% down day in the gold and silver price.
• 20:48
  Does that make any sense here? This comes from the medals and
• 20:51
  miners sub stack. I thought, yeah, medals and
• 20:54
  miners sub stack. What is Trump's pick for US
• 20:58
  treasurer Scott Percent. His largest position gold right
• 21:04
  now There there's the there's the the interview where he says
• 21:07
  it. OK, the sent says, here, let me
• 21:10
  highlight this. Sorry, I'm not prepared.
• 21:12
  I'm going to highlight it in blue.
• 21:14
  I think we're in a long term bull market in gold.
• 21:16
  We're seeing reserve accumulation by central banks,
• 21:20
  he says. I follow it closely.
• 21:22
  It's my biggest position. Even I was surprised when Poland
• 21:27
  said they want to take their gold reserves to 20%.
• 21:31
  I follow. This is the new Treasury
• 21:33
  Secretary. I follow the gold price closely.
• 21:36
  I follow gold closely. Gold is my biggest position.
• 21:40
  Even I was surprised. Guys, excuse me, do you know
• 21:46
  what a massive story this is? This is here just to give you a
• 21:52
  visual. This in this box, we're going to
• 21:58
  say bye, bye to her is our current Treasury Secretary.
• 22:02
  All that stuff I just told you about the gold bug.
• 22:05
  His picture will be here soon. OK.
• 22:08
  All right. This is Janet Yellen.
• 22:10
  She was the head of the Federal Reserve.
• 22:13
  She was on the Federal Reserve Board, and now she's the sitting
• 22:18
  U.S. Treasury secretary.
• 22:20
  She's a Fiat lover. She she laughed and giggled when
• 22:23
  they talked about fooling the American public that oh, we can,
• 22:27
  we can give her everybody a 1% raise and then we can steal from
• 22:31
  them with 4% inflation or even 2% inflation.
• 22:34
  Anyway, when she goes bye bye. OK, the person in this box, the
• 22:41
  new, the new Treasury Secretary, is a billionaire.
• 22:46
  He's a billionaire #1 He worked with Stanley Druckenmiller.
• 22:51
  Do you know who Stanley Druckenmiller is?
• 22:53
  He's like the smartest investor in the world.
• 22:55
  Billionaire Druckenmiller has been buying gold mining stocks.
• 22:59
  OK, he worked with George Soros, OK.
• 23:02
  And he also work with Jimmy Rogers or Jim Rogers.
• 23:05
  I shouldn't call him Jimmy. I don't know him personally, but
• 23:08
  Jim Rogers, who's another, he's a guy in Singapore who's like 70
• 23:12
  something years 8. I don't know how old he is, but
• 23:14
  he's a he talks about silver and gold.
• 23:17
  That's our new treasury. So I mean, it's, I think we have
• 23:22
  good things coming for us in the gold and silver market, right?
• 23:26
  We have Doctor Judy Shelton, who I believe Donald J Trump will
• 23:30
  put into the Federal Reserve and who will work the issue right.
• 23:35
  Gold backed U.S. Treasury bonds.
• 23:37
  That's her proposal from her best selling book.
• 23:40
  And then on top of that, is it all coming together for us?
• 23:44
  On top of that, you got Trump spouting off about how if the
• 23:49
  bricks countries think they're going to trade in anything other
• 23:51
  than a dollar, we're going to shut him down.
• 23:53
  We're going to give him 100% tariffs.
• 23:56
  That tells us guys, that tells us that they're worried, OK?
• 24:00
  It's all the hens are coming home to roost like Rick Rule
• 24:04
  says. I'm sorry.
• 24:05
  I feel strongly about this. It's my truth.
• 24:08
  I could be wrong. Don't make any financial
• 24:10
  decisions based on anything I'm saying.
• 24:12
  But I know that we are headed for some very, very interesting,
• 24:17
  ultra interesting times in these markets.
• 24:20
  OK, here, let's look at this one.
• 24:23
  It just doesn't end, I'm telling you.
• 24:26
  Wait a minute. Do you have a name?
• 24:30
  Yes, you do. Maybe your name's John, Rick,
• 24:34
  Larry, Nancy, Phyllis, whatever your name is.
• 24:38
  OK. You're important.
• 24:39
  You're a part of this group. I want to say thank you again.
• 24:42
  It's a double thank you day for being here, right?
• 24:44
  We get together, we talk. It's like a tribe.
• 24:47
  We, we love gold and silver. And I'm going to tell you
• 24:50
  something about you, right #1 there's a very high likelihood
• 24:55
  that you are a nice person. Because when I look to me, it's
• 24:59
  over there at the comment section in these videos.
• 25:02
  There are a lot of nice people. Sure, bad apples show up every
• 25:06
  time, but there's a very high probability that you're a very
• 25:09
  nice person and there's an almost undeniable probability
• 25:13
  that you're also a very smart person.
• 25:15
  Look, a lot of people are sitting around doing whatever on
• 25:19
  a Sunday morning. You've decided, right?
• 25:22
  To take some, to take an action and to be here, which we really
• 25:25
  appreciate. But to learn to look at things
• 25:28
  through a different lens. None of us knows everything.
• 25:31
  None of us knows everything for sure, but together when we get
• 25:34
  together here, we have an opportunity to share with each
• 25:37
  other and to learn from each other.
• 25:39
  Now I forgot what I was going to talk about.
• 25:40
  Oh, here we go. Here we go.
• 25:42
  Thank you. That's what I wanted to say.
• 25:44
  Let's go to this one. Oh, this is great.
• 25:47
  This guy is awesome. Eric Young, King Kong 98888.
• 25:52
  This is about this. Oh my God, I can't believe
• 25:55
  what's going on right now. Guys, we got the Trump tariffs
• 25:59
  with the bricks we got It's got, but this is we forgot about the
• 26:05
  whole China. China is taking concrete moves
• 26:08
  to take over the gold and silver market.
• 26:11
  This has to do with the changes they're doing at the Shanghai
• 26:15
  Gold Exchange. China is taking over the metals
• 26:19
  markets. Well, that's the argument
• 26:22
  anyway. Just a quickie, he says.
• 26:24
  I noticed that China has cut back on paper gold products
• 26:28
  again at their banks, but at the same time they've decreased the
• 26:33
  physical gold and silver participation threat threshold
• 26:37
  at the Shanghai Gold Exchange. So what he's saying is I'm going
• 26:41
  to highlight that is that the Chinese banks are are not
• 26:47
  offering as many paper right ETF ish type things, gold and silver
• 26:52
  investment options to their public, however critical.
• 26:57
  They lowered the participation thresholds at the Shanghai Gold
• 27:01
  Exchange. Guys, this is massive because
• 27:04
  we're here. I'll just read this.
• 27:06
  This means China should have less paper gold products now and
• 27:11
  more physical buyers who are able to able to participate at
• 27:14
  the Shanghai Gold Exchange physical gold and silver
• 27:19
  markets. If this is not a China physical
• 27:23
  gold and silver short squeeze, I don't know what is.
• 27:28
  What he's saying is that the Shanghai Gold Exchange is a
• 27:33
  physical market, OK, different than the COMEX and the London
• 27:37
  Million Market Association. The LBMA which are paper Unicorn
• 27:42
  fart dust make believe levered 411 to 1 silver markets, gold
• 27:50
  markets, but silver levered at that 411 to one.
• 27:54
  What he's saying is now the Shanghai Gold Exchange has
• 27:58
  lowered this threshold that allows more people to
• 28:01
  participate. The Shanghai Gold Exchange is a
• 28:03
  physical market. And when they lowered that
• 28:06
  threshold, we heard Andrew McGuire over the weekend say
• 28:09
  that like now there's millions and millions and I'm going to
• 28:13
  say the word 55,000,000, but don't quote me on that.
• 28:17
  More firms that can participate in the physical Shanghai Gold
• 28:23
  Exchange silver and gold market. They are sucking all of the gold
• 28:28
  and silver from us, from the West to the east.
• 28:32
  And now does it make you a little suspicious when our
• 28:35
  incoming president is is is is is is levying major threats
• 28:41
  against those countries that you better not even think about
• 28:45
  about having your own currency to trade amongst yourselves.
• 28:49
  Think about it. Put the pieces together right,
• 28:51
  like Andy Scheckman says, they give you a little crumbs.
• 28:54
  You got to put all the pieces together and it's getting very,
• 28:58
  very interesting. And this is funny.
• 29:01
  We've got a subscriber comment to look at.
• 29:05
  This is from yesterday from Freedom Will Ring in regards to
• 29:09
  this China situation with gold and silver.
• 29:12
  He says I'm trying to balance out the silver deficit with
• 29:14
  China. I bought some 30 gram Chinese
• 29:17
  pandas yesterday and I'm not giving them back.
• 29:20
  So while the Shanghai Gold Exchange is sucking in all the
• 29:25
  gold and silver from the West to the east, we've got a basement
• 29:29
  dweller here who's doing his little part to to level things
• 29:33
  out. So all right, guys.
• 29:35
  All right, Hey, I want to show you a quick picture.
• 29:38
  Everybody likes to see this. I'm going to say thank you to my
• 29:40
  wife, Susie. She put up our We got a
• 29:43
  Christmas tree. You know when we first got
• 29:45
  married, Susie, here's our Christmas tree.
• 29:48
  That's a real tree. When we first got married, I
• 29:51
  laid down the law with her, right.
• 29:54
  You know what it's like when you first get into a relationship?
• 29:56
  I said we are not going to waste money every year on a real
• 30:01
  Christmas tree. So we struck a deal.
• 30:03
  This is we're going to be married 20 years in two days
• 30:06
  actually. Anyway, we struck a deal for
• 30:08
  every other year. She negotiated that we would get
• 30:10
  a real Christmas tree. And I can, with a smile on my
• 30:14
  face, report to you that we've now had a real Christmas tree
• 30:18
  every one of the 20 years that we've been married.
• 30:21
  But Susie did that. Isn't that pretty?
• 30:23
  Thank you, Susie. I also laid down the law that we
• 30:26
  would never have more than one cat.
• 30:27
  And this morning I was herding 3 cats off of our screened in
• 30:32
  porch. There was something else.
• 30:34
  I oh, here, I want to tell you guys.
• 30:35
  Hold on here. Oh, shoot, hold on.
• 30:38
  Where are we? Hopefully we're still alive.
• 30:40
  The, the, the platform is messing around with me a little
• 30:44
  bit today. Hold on here.
• 30:46
  Since it is the holiday season, let's I want to remind you we're
• 30:52
  going to be giving away one of these, one of those over there
• 30:55
  Dirty Man safes on December 30th.
• 30:59
  If you want to enter the giveaway, there's a link in the
• 31:01
  description of this video. I think The Dirty Man safe is
• 31:05
  really, really cool and I'll show you there's a picture of
• 31:09
  it, but that's what it comes with that sleeve.
• 31:12
  You dig a hole, put the sleeve into the hole, then you lower
• 31:15
  your dirty man saved into it. You put that cap on top and then
• 31:19
  you cover it with dirt and then you have buried treasure in your
• 31:22
  yard, gold, silver, your car keys, whatever you want to put
• 31:26
  in there, right? You're like a pirate.
• 31:28
  You got and it's and it's safe from fire and never thought
• 31:31
  about that floods and all kinds of of things.
• 31:33
  Let me show you. But I think it's a good gift
• 31:36
  idea. Hold on here for stackers and I
• 31:40
  want to show you the one that I have here.
• 31:42
  Thank you Dan and W, you are always so darn.
• 31:47
  Oh, there's a discount code round 10 if you decide to get
• 31:50
  one. Here's my dirty man safe.
• 31:52
  I got 1 hanging somewhere. Where is it?
• 31:54
  Right there dirty man safe. But then also right above
• 31:58
  channel sponsor pembacs. But I got one down here.
• 32:03
  Check this thing out. This is their small one they
• 32:06
  come in much bigger sizes too. OK and it it is really cool You
• 32:11
  unscrew this right? Put whatever you want in there.
• 32:16
  I always have this upside down. Let's fix this.
• 32:19
  I keep the Unicorn right. Don't put Unicorn fart dust into
• 32:22
  your into your dirty man safe, but you seal it up and then you
• 32:26
  have that sleeve in the ground. You lower it down in there.
• 32:29
  It's got this like stainless steel handle so you can pull it
• 32:33
  up really in an interesting, interesting product.
• 32:37
  But if you're not going to get it that way, did you hear this
• 32:39
  story? This is an interesting story
• 32:42
  that came out. How about this?
• 32:43
  And I want I want you to think about silver and gold in this.
• 32:48
  What is this? Hold on here, x.com.
• 32:51
  Let's see what this says. Wow.
• 32:54
  Well, let's we'll look at this chart real fast.
• 32:55
  It's not just the US. This shows guys how crazy.
• 33:00
  It's not just the United States. Government deficits have
• 33:03
  increased in many countries across the globe.
• 33:06
  What stands out is not just the primary deficit, but the
• 33:09
  interest payments. And look at this chart shows all
• 33:13
  the different countries. The the light blue is the
• 33:18
  interest payments that the United States are making, UK,
• 33:21
  Japan. OK, the dark blue is the
• 33:24
  deficit. I mean, and look at look at how
• 33:27
  high the deficits have grown. But what's really shocking about
• 33:30
  this is when you compare things to 2007, which is the gold
• 33:34
  diamond, it has just absolutely exploded.
• 33:38
  Look at China, Mexico, Poland, Brazil.
• 33:42
  I mean, Brazil is paying a ton of interest.
• 33:44
  It looks like they have their fiscal house in order, but this
• 33:47
  does not end well. There's like $340 trillion of
• 33:52
  debt right now in the world. I mean, we're, we're in a debt
• 33:55
  bubble like three times. I think the world GDP.
• 33:59
  That's the world that we're living in a debt based make
• 34:02
  believe Unicorn park dust, whatever you want to call it a
• 34:05
  world. And the world is now waking up
• 34:08
  and moving. It's not just the Costco dads.
• 34:10
  It's everybody waking up and moving to silver and go, oh,
• 34:15
  here's what I I wanted to show you.
• 34:16
  This is interesting. Metal detectorist unearthed
• 34:21
  ancient silver coins worth millions.
• 34:25
  This comes from Dogo News, which I've never heard of before.
• 34:28
  But anyway, Adam, listen to this story.
• 34:32
  Adam Staples and his friends travelled to Chew Valley in
• 34:35
  Somerset, England to test a new metal detector.
• 34:38
  They were just testing out their new metal detector.
• 34:41
  While exploring a farmer's field, the device found a trove
• 34:44
  of silver coins buried in the soil.
• 34:47
  Staples and auctioneer specializing in ancient coins
• 34:51
  immediately knew they found something extraordinary.
• 34:54
  He was right. The group uncovered what is now
• 34:56
  called The Chew Valley Hoard, a collection of almost 2600 silver
• 35:00
  pennies dating back to the 11th century.
• 35:05
  So over 1000 years ago guys. On October 23rd, 2024, the The
• 35:12
  Southwest Heritage Trust purchased the coins for $5.5
• 35:17
  million, making it Britain's most valuable treasure find.
• 35:20
  Staples and his friends received half the money, each taking home
• 35:23
  about 400,000. The other half, approximately
• 35:26
  2.8 million will go to the owner of the land where the coins were
• 35:30
  found. But the take away here is these
• 35:32
  guys, they didn't find Bitcoin buried.
• 35:37
  They didn't find paper money buried.
• 35:40
  No, they found this guys. They found silver this buried
• 35:46
  that have been buried 1000 years ago.
• 35:50
  OK, 1000 years ago. So when you why is that not
• 35:54
  focusing? That's going to bug me.
• 35:56
  Come on, focus. I don't know what's going there.
• 36:00
  It is now. It should stay focused.
• 36:01
  There it is. Look at that beautiful.
• 36:04
  That came from Big 10, the silvershire they found, right?
• 36:07
  What? 2600 of these silver coins that
• 36:11
  were buried 1000 years ago. And guess what?
• 36:16
  I'd say they were still pretty darn valuable.
• 36:18
  All right, guys, thanks for being here.
• 36:21
  Thanks for being part of the basement.
• 36:23
  This is going to be absolutely crazy.
• 36:27
  Think about this, Trump, right? Scared about the bricks, scared
• 36:32
  of the massive threats going on. China completely changing how
• 36:37
  silver and gold are being traded on the Shanghai Gold Exchange,
• 36:41
  introducing potentially millions of new participants in the
• 36:46
  physical gold market, which is the Shanghai Gold Exchange.
• 36:50
  Massive uncertainty as we head into 2025 with what's going to
• 36:54
  go on with the new presidential administration.
• 36:56
  We're just getting a taste of it this weekend.
• 36:59
  Basement dwellers, right? I mean, that's why we hold
• 37:02
  silver and gold, right? What Trump announced this
• 37:05
  weekend, front page news, Bloomberg, Reuters, everybody's
• 37:09
  reporting at these 100% tariffs. We've got his appointees, right?
• 37:14
  He's already officially appointed a Scott Besant.
• 37:18
  He's a gold bug billionaire, OK? The guy loves gold.
• 37:22
  The guys aligned with Jimmy Rat, you know.
• 37:24
  Look, we are in for some good times.
• 37:27
  It's going to be great. Thank you for being here.
• 37:28
  I want to say thank you. Channel sponsor, First Mining
• 37:31
  gold, Canadian gold developer with two multi million ounce
• 37:34
  projects in Canada. You can learn more about them at
• 37:37
  firstmininggold.com and Fortuna Mining.
• 37:40
  Another stock that I own, although I'm not a financial
• 37:43
  advisor, I'm not giving financial advice, but Fortuna
• 37:46
  Mining is a successful gold and silver miner, Gold and silver
• 37:50
  being mined in Latin America in an expanding gold mining
• 37:54
  operation in West Africa. Hey guys, have a great day.
• 37:59
  Thank you for being here. Thanks for all your support.
• 38:03
  Thank you for that super chat, my friend Dan W.
• 38:06
  Let's get you up on the screen. OK, Happy, happy December and
• 38:12
  I'll be seeing you guys soon. Thank you.