Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **SILVER Price** This is What Always Happens Before PRECIOUS Metals BOOM! (Trump, Gold Price

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**SILVER Price** This is What Always Happens Before PRECIOUS Metals BOOM! (Trump, Gold Price · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  This is what always happens before precious metals boom.
• 0:05
  We're going to cover it in this video.
• 0:07
  We're going to talk about big news out of Donald Trump that I
• 0:10
  think will have a major, major impact on the precious metals as
• 0:15
  we move into the coming years and decade, $20,000 gold.
• 0:21
  It sounds crazy. I saw a post I'm going to share
• 0:24
  with you that was somewhat facetious, but as I dug into it,
• 0:27
  it makes sense that during our lives time we could easily see
• 0:31
  $20,000 gold even higher. And you know what that means for
• 0:35
  silver. It's going to be a wonderful
• 0:37
  journey. We're going to do it together.
• 0:39
  Thanks for joining me down here in the basement.
• 0:41
  This is not possible without your participation, so thank
• 0:45
  you. Thank you.
• 0:46
  Please subscribe to the channel. We want you to come back and
• 0:50
  leave a comment in the comment section so we have an
• 0:53
  opportunity to learn from you. OK guys, let's dig in and let's
• 0:58
  look at what's going on. Today's a big day.
• 1:00
  We got a lot to cover in the world of silver and gold, but
• 1:04
  let's go out and I want to talk about why this $20,000 idea for
• 1:09
  gold is not out of the question. As you can see right now,
• 1:13
  according to CNBC, we are up almost $90.00 in the gold
• 1:17
  market. But this is what I want to point
• 1:19
  out to you when we talk about getting to $20,000 gold during
• 1:24
  our lifetime. Want to pull up an all time
• 1:29
  chart for gold and I didn't realize this, but just 10 years
• 1:35
  ago, right about here, hold on, there we go.
• 1:40
  Just about 10 years ago we had $1000 gold.
• 1:45
  Gold has gone up essentially 4 times in value in the last 10
• 1:50
  years. Now I want you to think about
• 1:52
  the reason I'm bringing that up is, of course, we could go up
• 1:56
  another four times from where we are in the next 10 years, which
• 2:00
  would put us at 16,000. But I would argue even more,
• 2:05
  something more important that I don't think we realize enough is
• 2:09
  that right now the situation we're in for the next 10 years
• 2:13
  is much more extreme than what we've dealt with over the last
• 2:17
  10 years. the US national debt, which we're going to get into,
• 2:20
  is way worse. Geopolitically, we're in a way
• 2:22
  worse situation. The world central banks are
• 2:26
  moving away from the dollar into gold.
• 2:28
  Now world central banks hold more gold than they do U.S.
• 2:31
  Treasury. So to think that we can't get to
• 2:34
  $20,000 gold in the next 10 years or to argue against that
• 2:39
  or to say that that I'm a gold pumper or a silver pumper, well,
• 2:42
  that's great. But just look at the facts.
• 2:44
  And I think the facts clearly demonstrate, I believe 100% that
• 2:49
  during my lifetime I will easily see $20,000 gold.
• 2:53
  I believe I will easily see $600.00 per oz silver.
• 2:59
  We'll see how it all plays out. But let's look at let's look at
• 3:02
  this tweet that came out, that got this whole thing started.
• 3:05
  And I think actually, this was meant to be facetious, but if we
• 3:10
  really dig into what this gentleman is saying, it starts
• 3:14
  to make some sense. And this came to us from Weimar
• 3:17
  Silver Baron, who said breaking. OK, the government plans to
• 3:22
  revalue gold at $20,000 an ounce using massive fiscal spending
• 3:28
  check. They're doing that and inflation
• 3:32
  of the money supply over the next one to 10 years.
• 3:36
  And while at first we read that and we think, oh, they're
• 3:39
  joking, that did get oh, 80,000 views.
• 3:43
  So apparently it was quite a popular post on X.
• 3:47
  But when we think about what's going on, that may have been
• 3:50
  meant to be facetious, but really right.
• 3:53
  What's that saying? Sometimes reality fantasy is
• 3:56
  stranger than reality To me. It maybe it's not so facetious.
• 4:02
  And then we get this right and we get this big news story
• 4:05
  coming out of the White House. What is this all about?
• 4:09
  Right? Is this helicopter money?
• 4:11
  Trump announces a $2000 and not a political statement tariff
• 4:16
  dividend to be paid to most Americans.
• 4:19
  So they're printing their it's like what Ben Bernanke at the
• 4:22
  Fed talked about whatever, 15 years ago, helicopter money.
• 4:26
  The economy is in bad shape. So now they're going to start
• 4:28
  dropping cash on Americans. But it's cash that we don't have
• 4:32
  to be dropped. It's cash that is going to come
• 4:36
  right, as a result of the national debt.
• 4:39
  There's no way around that. That's the the reality of the
• 4:42
  situation. We don't have it to give it,
• 4:45
  give it away. And then there's more proof,
• 4:48
  right? Apparently this next guy, he's
• 4:50
  one of the Fed governors that was that was put in place by
• 4:54
  Donald Trump. He comes out this morning with
• 4:57
  more proof of money printing, basically easy money devaluation
• 5:03
  of the dollar. Let's look at this from headline
• 5:07
  from CNBC. Apparently this is breaking
• 5:10
  news, right? Moran says 1/2 point cut is
• 5:14
  appropriate for December, but the Fed should at least reduce,
• 5:18
  at least reduce by quarter point.
• 5:21
  That's Federal Reserve Governor Steven Moran spoke on Monday on
• 5:25
  CNBC. It's breaking news right now.
• 5:28
  But then now they're talking about 1/2 point cut in December.
• 5:32
  We weren't even sure they were going to cut in December at one
• 5:35
  point. And now how that we're we're
• 5:37
  having a fed governor talk about 1/2 point cut as all of this
• 5:41
  right. This is the only way.
• 5:44
  This has everything to do with the price of silver everything
• 5:47
  to do with the price of gold as measured in U.S. dollars.
• 5:51
  If you choose and I choose right to to measure our our ounces of
• 5:58
  silver ounces of gold, whatever floats your boat, whatever your
• 6:01
  fancy is. But if we choose to use the US
• 6:04
  dollar is the unit of measure, there's no way around at this
• 6:08
  point, right, that the dollars is going to not continue to lose
• 6:13
  value. And then as measured in dollars,
• 6:16
  the the price quote UN quote, of silver and gold are going to go
• 6:20
  up. It's the only option they have
• 6:22
  to deal with the debt spiral, the situation that we find
• 6:26
  ourselves in right now. I know it wouldn't be a complete
• 6:29
  live stream if we didn't go out and take a look at the US debt
• 6:32
  clock. Just to hammer the point, here
• 6:35
  we go. And on your screen right now,
• 6:40
  you should see something that's fun to look at but is really
• 6:44
  scary. Guys, look in the upper left
• 6:46
  corner. I'll get the crayons out.
• 6:48
  What the heck? And we will use, we'll use a
• 6:53
  bright green today. OK, right.
• 6:55
  There's our national debt sitting at 38 trillion U.S.
• 7:01
  dollars. OK, down here, I'm hearing
• 7:06
  people say that the interest on the debt is over a trillion.
• 7:09
  Now, according to the debt clock, it's right under a
• 7:12
  trillion. But nonetheless, it's the only
• 7:14
  option they have. So when we talk about this
• 7:17
  prospect for $20,000 gold, when we talk about the government
• 7:21
  dropping helicopter money on everyone, right, it just
• 7:25
  devalues the real value of the dollar, which again, if we use
• 7:30
  the dollar as the unit of measure for the price of gold
• 7:34
  and silver, it will only continue to go up.
• 7:37
  I know we've been kind of stuck in a mental range and when we
• 7:41
  hear things like $100 silver, $20,000 gold, it seems a little
• 7:47
  preposterous. But if we take a step back and
• 7:50
  look at what's really going on, right, the House of Cards that's
• 7:53
  been built and we don't like it. I want to throw that in there as
• 7:56
  well. I love my country.
• 7:58
  I love the founding fathers. I love what they stood for.
• 8:01
  I don't love what happened since around 1970, which has really
• 8:07
  devalued the US dollar, really hurt people who saved money and
• 8:12
  bank accounts and C DS that type of thing.
• 8:15
  I don't like it right, And it's still a free country and we can
• 8:19
  still express our opinions, but we choose to protect ourselves
• 8:23
  with silver and gold. All right, we got a lot more to
• 8:25
  cover. We're going to look at 100 year
• 8:27
  chart of silver next. Before I do that, I want to say
• 8:29
  thank you to channel sponsor first mint.
• 8:32
  It's a, it's a, a silver mint in Las Vegas, NV where you can buy
• 8:38
  unique world class silver products that they produce.
• 8:42
  They're owned by First Majestic silver, Keith Neumeyer's big
• 8:46
  silver mining company. So first Majestic silver mines
• 8:50
  the silver in Mexico, sends it to Las Vegas, NV, where it's
• 8:53
  transformed into these 100% unique silver bullion products.
• 8:58
  And then it goes straight to you from the mine to the meant to
• 9:02
  you, no COMEX, no LBMA. And it is, I think it's safe to
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  say, the freshest silver you can get, right?
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  Recently mined out of the ground in Mexico.
• 9:12
  You can check them out here. Let's go up to their website
• 9:15
  real quickly. Got an unbelievable positive
• 9:20
  feedback. Hold on.
• 9:42
  Hey, somebody give me a 5 by 5 please, if you can see me and
• 9:47
  hear me. I screwed up and closed down the
• 9:49
  live stream. Uh oh.
• 9:51
  Hey, if somebody, if you can see me and hear me please, it would
• 9:57
  be awesome. 5 by 5 who kicked off on the plug?
• 10:01
  All right, hopefully, hopefully you can you guys can see me and
• 10:06
  hear me 55 OK, Hey, all right, 5 by 5.
• 10:10
  Thank you guys. I hit the wrong screen and and
• 10:14
  ended the live stream. Boy, here we go.
• 10:18
  All right guys, I'm still here. Let's go out to 1st meant.
• 10:26
  Hey, we're doing live streams. You know these things happen.
• 10:29
  I appreciate you guys sticking with me.
• 10:30
  Hopefully you can still see me and hear me.
• 10:32
  Here's the website first meant from mine to meant, but I've
• 10:36
  gotten great feedback from the community.
• 10:39
  You guys have loved everything you've gotten from First Mint.
• 10:42
  So thank you First Mint for sponsoring Ron's basement and
• 10:46
  all right, let's go look now so make sure I can still see you
• 10:50
  guys. All right, we're there.
• 10:52
  We're back. Crazy times in the gold and
• 10:57
  silver market, crazy times down here in the basement.
• 11:00
  We never know exactly how this is going to go.
• 11:02
  It's a live stream. So I really appreciate you being
• 11:05
  with me and I appreciate you pressing the subscribe button.
• 11:09
  Let's go look at 100 year chart of silver, which shows us
• 11:12
  something very, very interesting.
• 11:16
  Hold on here, Here it is. OK, and we are on the right
• 11:22
  screen. Make sure we got that up for you
• 11:24
  which we do for your viewing pleasure.
• 11:27
  I enlarged this. This is a 100 year chart of
• 11:31
  silver. As you can see down here, starts
• 11:34
  all the way back in 1925. Things were steady, but what 22
• 11:39
  key things that was. We're talking about the
• 11:43
  unbelievable. This spot right down here where
• 11:45
  you see silver first starting to take off.
• 11:49
  This area is right around the 1970s that coincides to right.
• 11:54
  As you can see, silver, right took off through 1980 from like
• 11:59
  what, $1.50 all the way to $50 per oz, but that coincides with
• 12:03
  the United States going off the gold standard.
• 12:07
  But what's more interesting when I looked at this, because it's
• 12:11
  been about a week since we talked about it, is this as the
• 12:15
  unbelievable beautiful. We need to look at it again.
• 12:18
  198050 dollars 2011 $50.00 The cup and handle pattern starting
• 12:25
  in 1980, creating this massive cup right up to 2011.
• 12:30
  Then silver dipped back down again creating this massive
• 12:34
  handle and the beauteous. How can I make that so
• 12:38
  beautiful? I'll put a little star in there
• 12:40
  for you. The fact that we have broken out
• 12:44
  of a of a cup and handle pattern that started in 198045 years,
• 12:50
  the most reliable, the most predictable, one of the most
• 12:54
  followed technical analysis chart patterns in the history of
• 12:57
  the world and we're seeing it happen today.
• 13:00
  Hey, what do you say guys? What do you say we go check on
• 13:02
  the silver price Boy, we're all over the place.
• 13:06
  Let's go back. Hold on here, give me one
• 13:09
  second. I can see you, but I'm going to
• 13:11
  be working in the background here.
• 13:13
  We'll go to CNBC because that's reliable in terms of giving us a
• 13:19
  good quote in the futures market.
• 13:22
  And here we go. All right, let's go to CNBC.
• 13:27
  Let's get an update on the silver price, and then we're
• 13:29
  going to talk about a $100 silver prediction.
• 13:33
  Another one. OK, that's the S&P.
• 13:37
  Wow, the markets are going up. Let's go to gold.
• 13:40
  Sure. I got you on the right screen.
• 13:42
  All right, Thank you, guys. Crazy day down here.
• 13:45
  Whoa. Silver up $1.80.
• 13:49
  All right, we'll come back and check on this later, but the
• 13:52
  December future silver contract, $49.96.
• 14:00
  Wow, Unbelievable. Unbelievable.
• 14:02
  OK, man, there's so much going on right now, it's hard to keep
• 14:06
  up with all this. Let's go and check on this.
• 14:10
  Our friend William Middlecoop, one of the most listened to
• 14:14
  voices. There we go.
• 14:18
  Make sure we got you up. Sorry, the computer's acting up
• 14:21
  this morning. And yes, we do.
• 14:24
  OK, let's listen to what William says.
• 14:26
  During my presentation yesterday, I mentioned that
• 14:30
  silver could move to $100. This is the important thing in a
• 14:37
  few days or weeks after the market learns about physical
• 14:43
  silver shortages. OK.
• 14:46
  And then below that, we've got another.
• 14:47
  OK, So that's William Middlecoup, who I think has
• 14:50
  hundreds of thousands, 180,178 thousand followers on X OK,
• 14:56
  super respected analyst, smart guy.
• 14:59
  We are in historic times for the price of silver, no doubt about
• 15:02
  it. But then we've got this quote
• 15:04
  from Michael Oliver who said quote, and that was with Jesse
• 15:09
  Day. I forget the name of Jesse Day.
• 15:11
  Great guy, great. Another great YouTube content
• 15:14
  creator had Michael Oliver on and Michael Oliver said, quote,
• 15:18
  scrap my calls for $60.00 silver.
• 15:22
  We're headed to 100 to 200 in the next couple quarters, right?
• 15:27
  Big analyst, smart people talking about how we are in a
• 15:31
  new paradigm, a new world for the price of silver, no doubt
• 15:36
  about it. But I do want to give some
• 15:38
  respect to I think the probably the first person who coined this
• 15:42
  idea of us going to $100 silver, and that's Keith Newmar, right?
• 15:47
  And he took some heat for that over the last 10 years because
• 15:51
  I've been following it closely. But he was the first guy who had
• 15:54
  the courage. I always called him like the the
• 15:56
  Crown Prince of silver to come out and tell us that he believed
• 16:00
  the silver price could get to $100.
• 16:03
  And now everybody's talking about it.
• 16:05
  So, Keith, when it hits, man, we're going to have a big party.
• 16:09
  And we've all had faith in what you've thought.
• 16:11
  And a lot of us have thought the same thing for a long, long
• 16:14
  time. So it's going to be an
• 16:16
  interesting, interesting development here, guys, as we
• 16:19
  move out into the coming months, quarters and years.
• 16:23
  All kinds of stuff going on. Don't forget the United States,
• 16:25
  right? Just added silver to the
• 16:28
  critical minerals list. China is putting export controls
• 16:32
  on silver. We've got news from Australia.
• 16:36
  Did you hear this? NSW here.
• 16:38
  Let's go take a look at this. It's crazy and what they're
• 16:41
  saying about silver, hold on here.
• 16:47
  Yep, here we go all right, we're back.
• 16:50
  We're in action, basement dwellers.
• 16:52
  Hey guys again, thank you for being here.
• 16:54
  All right, hanging out in the basement, loving what's going on
• 16:58
  right now. Can you believe we're going to
• 16:59
  go check? We'll see if we get some luck by
• 17:02
  the end of this live stream if we get silver to $50.00.
• 17:05
  But this comes from the NSW resources, this is from
• 17:10
  Australia. Critical minerals and high tech
• 17:13
  metals. The critical minerals and high
• 17:15
  tech metals strategy for 2024 through 2035 sets out a clear
• 17:22
  vision for NSW, right? Do I have that right?
• 17:25
  NSW? Hold on.
• 17:27
  Yeah, NSW to be a leader in critical minerals and high tech
• 17:32
  metals. And then we go down here, it
• 17:35
  says this. The strategy has identified 5
• 17:39
  priority medals for the state, Cobalt, copper, rare earth
• 17:44
  elements, scandium and silver. And basically what they're
• 17:49
  saying is silver is critical for the future development of the
• 17:52
  Australian economy, critical for the future development of
• 17:56
  renewable energy, everything electronic, you know, all of
• 17:59
  that. And then we get this from our
• 18:06
  friend Hanza Serenade. Global Silver alignment.
• 18:10
  First, China limits exports. Hold on here.
• 18:15
  Here we go. First China limits exports.
• 18:18
  China is limiting exports of silver.
• 18:21
  Guys, Can you believe this? Then the United States adds it
• 18:24
  to the critical minerals list, and now Australia makes it one
• 18:27
  of their top five priority medal medals. 3 continents.
• 18:31
  Think about that. Think about China, how huge it
• 18:34
  is, 1.4 billion people, you know, they love precious metals.
• 18:38
  Think about the United States economic superpower now making
• 18:41
  silver a critical mineral. And then think about Australia,
• 18:45
  which really we don't give enough credit to another
• 18:47
  economic powerhouse. All I mean, it's happening right
• 18:51
  now, right before our very eyes. People are the world is waking
• 18:55
  up to silver and to gold. And guys, I tell you what,
• 19:00
  let's, I promised you that we would go back.
• 19:03
  So let's see, let's see if we brought some luck to the silver
• 19:06
  market. OK, we're moving in the right
• 19:09
  direction here. We're back on CNBC, $49.98 in
• 19:15
  the silver over price. I look, you know, obviously we
• 19:19
  hit some all time highs what, 3 weeks ago, $5354 and the silver
• 19:24
  price. I was really expecting that we
• 19:28
  would get down into the mid 40s and hopefully build a base,
• 19:31
  stabilize, right? But it feels like for not right
• 19:34
  now at least, that the new base in silver was created around $48
• 19:39
  per oz, $49 per oz. The next 3-4 or five weeks will
• 19:43
  be very critical as we look at the chart and the reason why we
• 19:47
  look at, I was never a big chart.
• 19:49
  I was now chart patterns, blah, blah, blah.
• 19:51
  And look, they're not religion. They aren't 100% accurate, but
• 19:55
  there's something very interesting that happens in
• 19:58
  these charts and we've seen it with silver over the last year,
• 20:01
  year and a half. And that is when the price
• 20:03
  consolidate. What's happening when the price
• 20:06
  hovers in a certain area for 2345 weeks, what's happening is
• 20:12
  called consolidation. And what that means, it's very
• 20:15
  important because what that means is.
• 20:18
  The people who don't have a strong conviction, the people
• 20:21
  that aren't 100% bought off on the fact that silver could go to
• 20:25
  $100, could go to 200, could go to $600.00.
• 20:29
  They get out, they get scared, OK, but they're replaced by new
• 20:32
  buyers, by people who believe in the future of the metal.
• 20:36
  It's going to be really interesting to see how this
• 20:39
  plays out through the end of the year.
• 20:40
  And on top of that, as we've covered several times, there's
• 20:44
  some strange things going on between the paper markets.
• 20:47
  The believe Fantasy Island silver, as we like to call it.
• 20:51
  The plane. The plane.
• 20:52
  Remember that show? Fantasy Island?
• 20:54
  That's what's going on at the COMEX in the LBMA.
• 20:57
  Hundreds of leverage contracts on each.
• 21:00
  One real ounce of silver in the LBMA by all accounts in London,
• 21:05
  isn't still a pretty precarious situation, and people are
• 21:09
  talking about December as being the key kind of breaking point
• 21:14
  when things could get like the hens could come home to roost.
• 21:18
  Hey, I do want to say thank you right there over my left
• 21:21
  shoulder to our friends at first mining gold.
• 21:25
  That's the stock I owned long before they sponsored my
• 21:29
  channel. They're a gold development stage
• 21:32
  company with two huge multi million ounce projects in
• 21:35
  Canada, spring pull on in Ontario and Du Parquet in
• 21:38
  Quebec. This morning they came out with
• 21:40
  some really interesting drill result news and I also saw
• 21:44
  there's it's a lot of great insider ownership, some
• 21:47
  transactions there as well. So thank you to 1st Mining Gold
• 21:51
  for supporting the basement in and enabling us to come
• 21:55
  together, US gold and silver investors and talk about what we
• 22:00
  love. Guys, it's going to be a wild
• 22:02
  trip. What a day.
• 22:03
  Let's go look one more time. What do you say and see what the
• 22:06
  silver price did. We hit the man.
• 22:08
  Oh my gosh, we did it, Basement dwellers.
• 22:13
  OK, silver back at $50.03 for now.
• 22:17
  OK, maybe we should stay on for another couple hours and see if
• 22:21
  we could get that all the way to $60.00 per oz.
• 22:24
  Hey, be good. Thank you again for joining me.
• 22:27
  Please subscribe to the channel. Please leave a comment in the
• 22:30
  comment section so we can learn from each other.
• 22:34
  OK? You don't have to agree with me.
• 22:35
  We don't have to agree with each other.
• 22:37
  It's a great way that we can learn.
• 22:39
  Number one, thanks again for being here.
• 22:42
  Take care of yourself and I'll see you.
• 22:44
  Yes, you next time.