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Transcript

⏰ The CLOCK Is Ticking on Gold & Silver – Be Ready for What’s Coming! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  We need to stay on top of massive moves in the precious
• 0:04
  metals market. It will impact the price of
• 0:06
  silver. It will impact the price of gold
• 0:09
  and the precious metal mining stocks.
• 0:11
  We have a top analyst calling for a silver price over $300.
• 0:16
  The reason why we're going to listen to him, he's like
• 0:19
  becoming one of the most popular analyst within the precious
• 0:23
  metals community. Over 10,000 subscribers to his
• 0:27
  sub stack, but he's also been very, very accurate.
• 0:31
  So we're going to dig into that but first let's go take a look
• 0:34
  at what's going on and let's focus on the short term and
• 0:37
  let's focus on silver for a second because guys, we've
• 0:41
  talked about this now for a year plus that once silver gets above
• 0:45
  $42.00 per oz, the runway between $42.00 and $50 that's
• 0:51
  going to happen lickety split. It's going to happen faster than
• 0:56
  you can say silver squeeze because there's there's very
• 1:00
  little overhead resistance. Let's go out and take a quick
• 1:03
  look at what's happening right now in the silver market and it
• 1:07
  is exciting everywhere we look. Hold on here one second.
• 1:11
  I'm going to make sure you guys can see me and hear me, which
• 1:14
  you can. OK, here we go We're out at
• 1:16
  CNBC. We're looking at the silver
• 1:19
  futures, which are hovering right above $41.00 per oz.
• 1:25
  But the reason why that we can expect this move from 42 to 50
• 1:30
  to happen in a super, super quick fashion is very, very
• 1:35
  simple. This is a longer term chart of
• 1:37
  silver. As you can see back here in
• 1:39
  2011, this is a quarterly basis. We got up, obviously we we went
• 1:44
  up to $50 per oz, but we didn't stay there very long, OK?
• 1:48
  We essentially topped out around $40 per oz.
• 1:53
  But let's get this off. I want to draw a line for you.
• 1:58
  And if we go back even further, all the way back to the 1980
• 2:02
  high where in nominal terms we hit $50, which in today's terms
• 2:07
  that $50 silver price in 1980 would be like $200 per oz in
• 2:12
  today's dollars. But nonetheless, the fact is
• 2:15
  very, very simple. There are very few people who
• 2:18
  bought silver above $42.00 per oz.
• 2:22
  And the reason why that's important is that means there
• 2:25
  aren't a ton of people, maybe just a handful of people who
• 2:29
  bought silver at 454648 dollars per oz who are waiting for it to
• 2:35
  get back to that nominal level so they can sell and break even.
• 2:39
  That's called very little overhead resistance.
• 2:43
  Almost everybody and probably including you.
• 2:45
  I know it includes me. Does this include you, everybody
• 2:49
  who owns this beautiful metal silver, right, is in the green,
• 2:55
  is in the money, and that further adds more fuel like
• 2:59
  people are in, people aren't going to sell something that's
• 3:02
  making money for them. OK.
• 3:04
  And the other thing, and Rick Rules talked about this many,
• 3:08
  many times, the double, triple whammy on top of it all is
• 3:11
  silver investors come in when the silver price goes up, when
• 3:15
  it's on sale, nobody buys it. When silver was $14.00 an ounce
• 3:19
  and we sat down here, 1825, $5 per oz impounded the table and
• 3:24
  said it's silver is like the most undervalued metal on the
• 3:28
  face of the earth. But the other 99% of the people
• 3:35
  out there who don't know if they watch CNN and MSNBC and Fox
• 3:40
  News, they don't, they don't know, right?
• 3:43
  They, they weren't aware. Now when they start, they start
• 3:46
  to buy when the price goes up. And guys, everywhere we look,
• 3:50
  there's got a lot of things to look at here.
• 3:52
  And I'm going to do it quickly. But everywhere we look, right,
• 3:56
  there's factors that are going to push the silver price higher
• 3:59
  and higher. Before I do that, I want to say
• 4:01
  thank you. I'm talking to you, my friend.
• 4:04
  Thanks for joining me down here in the basement.
• 4:06
  Ron's basement loves to talk about silver and gold.
• 4:09
  I know you do too. It's a big honor when you give
• 4:11
  me your time and join me down here in the basement.
• 4:15
  Please subscribe to the channel. That's free.
• 4:18
  Look for the subscribe button, push it.
• 4:20
  I'm not going to put up any kind of fancy graphic or anything
• 4:22
  like that. Leave a comment in the comment
• 4:24
  section. You don't have to agree with me.
• 4:26
  Just like all those people who didn't agree with us when silver
• 4:29
  was 20 bucks an ounce and they'd say you're nothing but a silver
• 4:32
  pumper, you're nothing but a paid shill, blah, blah, blah.
• 4:35
  You can say whatever you like, OK.
• 4:38
  And by the way, silver is at $41.00 per oz, so I'll leave it
• 4:42
  at that. Please subscribe.
• 4:44
  Susie, this one here, she would appreciate it.
• 4:48
  OK, so we looked at the chart. The generalist.
• 4:51
  Oh, this is crazy. And when the generalist come in
• 4:54
  right when the sheeple come in, it's going to be like a wave.
• 4:57
  It will be like trying to drain Doug Casey, I think is the guy
• 5:01
  that said that originally trying to drain Hoover Dam with a
• 5:04
  garden hose. Yes, your coin shop will not
• 5:06
  have any silver. We've covered all that ad
• 5:09
  nauseam, but it hasn't even started yet and it really hasn't
• 5:12
  even started for gold either. We love gold.
• 5:15
  But I did a Google search before I came on here.
• 5:17
  I thought I wonder if if there's any big articles out there about
• 5:20
  what's going on right now in the silver market and let me share
• 5:25
  this, make sure I'm sharing the right screen, which I am.
• 5:30
  So here's what you get when you when you Google silver price,
• 5:33
  OK, mining.com, which you would expect, right Silver price that
• 5:37
  was 17 hours ago. You get an article from India.
• 5:41
  Go figure. Then you get a bunch of gold
• 5:43
  articles. Gold is getting a little more
• 5:45
  attention. Then you go down here with these
• 5:48
  BS fortune articles that are like AI generated FX empire,
• 5:52
  right? They always follow the medals,
• 5:54
  the Hindustan Times, the I don't know what that says something in
• 5:58
  Arabic. The Times of India FX empire
• 6:01
  again, FX St. What I'm saying is, guys, we
• 6:04
  have not even begun to see the mainstream media start to put
• 6:09
  attention on the silver and gold for that matter.
• 6:12
  And when that happens, be ready, OK?
• 6:14
  Just be prepared emotionally for white what might happen because
• 6:18
  it can get exciting, but it can also cause some stress as well.
• 6:21
  And I don't want you to be stressed.
• 6:23
  Let's talk about this big long term outlook for silver to get
• 6:27
  above $300. When I looked at this chart, I
• 6:30
  saw $309. But this analyst who is becoming
• 6:34
  exceedingly popular, I'm going to see if I can get the right
• 6:40
  tab up here. Hold on one second guys, Here we
• 6:43
  go. Yep, and we've got the right.
• 6:47
  Here it is. This is from Jesse Colombo.
• 6:49
  If you've not heard of Jesse Colombo, he writes a sub stack
• 6:52
  called the Bubble Bubble Report. He now has over 10,000
• 6:57
  subscribers. This guy has an is is like the
• 7:00
  rising star or the risen star within the precious metal
• 7:04
  sector. He's accurate.
• 7:06
  He's he's very objective in his analysis.
• 7:09
  But he pulls up and again, we can't look at it too often.
• 7:14
  I'll draw on here, the cup and handle.
• 7:16
  Hold on, hold on, let's go back here.
• 7:18
  I'm going to get this down a little bit further.
• 7:21
  Here we go. The cup and handle and his
• 7:23
  projection on this chart. I looked at it and to me it
• 7:27
  looks like $309 and that is only out there.
• 7:32
  Oh boy. Not too far in the future.
• 7:34
  We're talking like the next 3-4, five years.
• 7:37
  But again, of course, back in 19 eighty $50 silver, 2011 $50
• 7:43
  silver that created the cup, that created the handle and that
• 7:47
  created what we know is the biggest textbook cup and handle
• 7:50
  pattern in the history of the universe.
• 7:53
  But it's not just on a long term basis.
• 7:56
  And we we can talk about and we will talk about all the
• 7:59
  fundamental reasons why the silver price will continue to go
• 8:03
  higher. And thank you Jesse for that.
• 8:05
  But even on a short term basis, listen to what Rashad has to
• 8:09
  say, says another breakout in silver.
• 8:12
  OK. Previous breakout resulted in a
• 8:14
  20% move within less than two months.
• 8:18
  I personally expect this breakout to take silver to my
• 8:21
  minimum target of 57 to $62.00 per oz, maximum $70 within less
• 8:29
  than two months. This post is not investment
• 8:32
  advice. And what he is seeing and what
• 8:35
  we have seen, right are these triangle patterns and he's
• 8:38
  talking about this one down here that occurred a little while
• 8:41
  back earlier in the year. We broke out of that and moved
• 8:45
  up, OK. But then again recently going
• 8:48
  back back to and let's say mid-july about two months, we
• 8:52
  went through another triangle pattern.
• 8:54
  But as you can see and I'll take this off the screen so it's a
• 8:59
  little more visible, we have broken out.
• 9:02
  OK. Look guys, no guarantees, I'm
• 9:04
  not a financial advisor. But when we look at what is
• 9:08
  happening right now in the silver price, both from a long
• 9:11
  term technical perspective with that cup and handle, and we look
• 9:15
  at what's happening on a short term basis with this type of
• 9:19
  technical analysis. And we add into that the
• 9:22
  fundamental reasons behind why silver is a good investment
• 9:27
  right now. It sure seems like we are headed
• 9:29
  for much, much, much higher prices.
• 9:32
  But we got more to talk about before we do that.
• 9:34
  I do want to say thank you. If you want to get your hands on
• 9:37
  some silver right now, that's the Las Vegas silver round from
• 9:40
  our channel sponsor First Mint. Right there they are right
• 9:44
  there. There's there's their, their
• 9:46
  logo they are part of, they're owned by First Majestic Silver,
• 9:52
  Keith Newmeyer's massive silver mining company.
• 9:54
  So first Mint is in a very unique position.
• 9:57
  First Majestic Silver mines the silver in Mexico, the freshest
• 10:01
  silver on the market. It gets shipped to the first
• 10:04
  mint facilities in Las Vegas, NV, right minted in the USA in a
• 10:10
  First Mint then transforms that raw silver into world class
• 10:14
  silver bullion products. And then they go straight to
• 10:16
  you. We're not talking much about the
• 10:18
  COMEX in the LBMA today, but you can rest assured that when you
• 10:22
  buy silver from First Mint, it has never been touched by those
• 10:26
  wonderful people at the COMEX in the LBMA, the electronic
• 10:30
  exchanges. This is getting fresh silver out
• 10:33
  of the ground from the mine to the mint directly to you.
• 10:36
  And it's awesome products, right?
• 10:38
  They have all unique products, silver round silver bars.
• 10:42
  They have great prices, great selection.
• 10:44
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• 10:50
  to you, there is a discount code VIPRB.
• 10:55
  Thank VIP Ron's basement. All right, let's move out here.
• 10:58
  Oh, this is crazy. What is going on in China?
• 11:01
  Did you hear this with silver and we will go oh, and then we
• 11:06
  got another. There's there's a lot for us to
• 11:09
  cover, but the Oriental ghost put this out yesterday.
• 11:12
  All gold and silver stocks, including miners jewelry in the
• 11:18
  Chinese stock market surged. All mining stocks related to
• 11:22
  silver hitting their daily limit up.
• 11:25
  And look at this. I can't read Chinese, but if you
• 11:28
  look at these 4 yellow arrows, and there's more as well, I
• 11:32
  guess they're limited to going up 10% in the day.
• 11:35
  So they basically had to shut the stock market off to
• 11:38
  accommodate the massive demand that's coming through in China
• 11:42
  to invest in silver miners. Truly, we are living in
• 11:46
  extraordinary times right now when it comes to these precious
• 11:49
  metals. And while we're at it, let's go
• 11:51
  out and take a look at what the Oriental goes to sharing with us
• 11:56
  in regards to the physical silver market in China.
• 12:01
  I've not looked at this yet, but again, this is the Shanghai Gold
• 12:04
  Exchange. Why is that important?
• 12:06
  Because it's a pretty much pure physical market, yet believe it
• 12:11
  or not, right? In China, if you want to trade
• 12:13
  silver and gold, you need to have the actual metal.
• 12:17
  So this is the physical price in China.
• 12:20
  And when we go to AG, which is the periodic table symbol for
• 12:25
  silver, we can see they have a silver price right now, physical
• 12:30
  silver in China, $42.66. Crazy.
• 12:36
  What is going on? We're going to talk about some
• 12:38
  kind of macroeconomic scary situations that are on the
• 12:42
  horizon as well. But before we do that, let's go
• 12:45
  back. I forgot to share this one with
• 12:47
  you. When we're talking about the
• 12:49
  mainstream world waking up, X has become kind of a a, a, in my
• 12:54
  opinion, the best place to get information X and Reddit, right?
• 12:59
  Like unfiltered, pure information, not necessarily
• 13:03
  adjusted by the powers that be. And this is on Reddit, but it's
• 13:08
  a it's a statement about X guys. Silver is trending on X business
• 13:13
  and finance trending hashtag silver with 6540 post Occupy
• 13:21
  Silver. Then goes on to say I have to
• 13:22
  give XA lot of credit for allowing this.
• 13:24
  We fight a war of silver. Misinformation, mainstream news
• 13:28
  stories saying silver is less popular than gold.
• 13:31
  Anything to keep folks away from real silver.
• 13:35
  Buy it and save it. So we are start, we are early.
• 13:38
  We are early, right? Remember if if what was going on
• 13:43
  in the general economy was the Titanic, right?
• 13:46
  We're the, we're on the very first lifeboat getting off the
• 13:49
  Titanic. It's a beautiful silver and gold
• 13:53
  lifeboat. OK, it's starting to get
• 13:55
  recognized. And don't forget when it does
• 13:58
  get recognized by the general population, it is going to be
• 14:01
  game over. You will go to your local coin
• 14:04
  shop and they'll tell you, oh, it's going to be 5 weeks.
• 14:08
  Oh, it's going to be 6 weeks. The reason why we know that's
• 14:11
  the case is because that has been the case at other periods,
• 14:15
  just in the last 10 years. I know specifically 2 times when
• 14:19
  I would go to the local coin shop and was told no, you got to
• 14:21
  wait four weeks, 8 weeks. Whatever the case was, it was a
• 14:24
  long time, right. So be prepared, be ready.
• 14:28
  Now what is happening, this is this is interesting news and
• 14:31
  this will impact the silver and gold price on a pull up a chart
• 14:37
  of the 30 year Treasury interest rate which is right now just
• 14:43
  below 5. I actually saw this morning
• 14:45
  someone said it was 4.99. Nonetheless, we are we are
• 14:49
  getting into very high territory for the 30 year Treasury note.
• 14:54
  That's the interest rate that the US government has to pay
• 14:57
  when they want to borrow money on a 30 year term, a 30 year
• 15:01
  bond basically. And guys, this is not
• 15:04
  sustainable. This will result in basically in
• 15:08
  money printing and the reason why, let's go out.
• 15:10
  I want to show you something on the US debt clock.
• 15:14
  The reason why is simply this, and we will use today, we will
• 15:20
  use orange. Let's use orange. the US
• 15:23
  national debt, you're probably aware, circle it.
• 15:27
  That doesn't show up too well. Sorry guys.
• 15:29
  I'm going to do this for your viewing pleasure.
• 15:31
  We'll use that, that color. There we go.
• 15:34
  There we go. That shows up. the US national
• 15:36
  debt, $37 trillion. Right now interest expense on
• 15:42
  that debt is about a trillion dollars.
• 15:45
  So that means me on average they're paying about a little
• 15:48
  over 2% effective interest rate. If we get 30 year treasury notes
• 15:53
  at at 5%, OK, And you just round up this number to $40 trillion,
• 16:00
  that would be a two, I'm sorry. Yeah, $2 trillion per year
• 16:05
  correct here. Let's do the math. 40 times
• 16:10
  point O five, Yeah, that would be $2 trillion.
• 16:13
  That would make this number double.
• 16:15
  That's the interest expense. Don't forget, the interest
• 16:18
  expense feeds directly into this number right here.
• 16:23
  See that yellow arrow? That's the budget deficit.
• 16:26
  That's the amount that the government spends on top of what
• 16:29
  they bring in. That would make that number go
• 16:32
  to three trillion. OK.
• 16:33
  And that number feeds into this, the national debt that makes the
• 16:38
  national debt get bigger, which right as the national debt gets
• 16:42
  bigger and interest rates potentially go up, we'll make
• 16:45
  that number get even bigger, the interest expense.
• 16:48
  The point here is very simply this.
• 16:51
  Get all that off there. What you just saw, what I'm
• 16:54
  drawing for you, that looks like a tornado, that is a debt
• 16:59
  spiral. That is an unsustainable
• 17:01
  situation. The only one of one of the one
• 17:04
  of the ways to solve that issue of that higher interest rate is
• 17:09
  by the Fed printing money and monetizing the debt, right?
• 17:12
  The Fed can print money out of thin air and buy the debt from
• 17:16
  the United States government. We've seen this happen before
• 17:20
  throughout history. Let's just say that it doesn't
• 17:22
  end well. But the big take away from all
• 17:25
  of that is that as the is, the dollar becomes less and less
• 17:29
  valuable. Go figure, right?
• 17:30
  The more of something that's that's made out of paper, that's
• 17:33
  not backed by anything, the more of it that you print, the less
• 17:37
  valuable it becomes. So if you choose to value your
• 17:41
  silver and gold, if you choose to use the US dollar as the unit
• 17:45
  of measure, right? Remember that's an ounce of
• 17:47
  silver. We choose to value it at $41.00,
• 17:51
  where we choose to use the dollar as the unit of measure
• 17:54
  and say it's worth $41.00. A lot of people say, no, that's
• 17:57
  just an ounce of silver. You can value it in euros, you
• 18:01
  can value it in loaves of bread, you can value it in anything you
• 18:03
  want. But as time goes by and that
• 18:06
  situation gets worse and worse that I just showed you, right?
• 18:09
  A debt spiral that will only result in one thing, and that is
• 18:14
  the value of that paper money. This stuff, I got one right
• 18:17
  here. Yeah.
• 18:19
  OK. This stuff, paper money will
• 18:22
  become less and less. And the value, the real value
• 18:26
  and especially the nominal value as you use the dollar as the
• 18:31
  unit of measure, the real and nominal value of silver, I
• 18:35
  believe, will go higher and higher and higher.
• 18:38
  I also want to say thank you to channel sponsor First Mining
• 18:41
  Gold. I didn't talk a lot about gold
• 18:43
  in this video, but I love gold. I love silver and I love the
• 18:47
  mining socks. First Mining Gold is a stock
• 18:49
  that I've owned long before they sponsored my channel.
• 18:53
  They've got 24. 100. Likes golden gold.
• 18:57
  OK, there's Susie. We're going to check in with her
• 18:59
  in a second, But first, mining Gold has two massive development
• 19:04
  stage gold projects in Canada, okay, Spring Pull in Ontario and
• 19:09
  Duparque in Quebec. These are big multi million
• 19:13
  ounce reserves of gold in the ground.
• 19:15
  They're a development stage company.
• 19:17
  That means they're working through developing these into
• 19:20
  mines. That's permitting.
• 19:22
  It takes time, it takes a lot of effort, but it also has a lot of
• 19:26
  catalyst. You can learn more about first
• 19:28
  mining gold at firstmininggold.com.
• 19:31
  And Susie, hold on, let's check in with Susie.
• 19:34
  Did you say we almost have 100 likes?
• 19:36
  But also. Wanted to click if you want to
• 19:42
  look at kick code gold is up on the 50.
• 19:44
  Dollars. Oh my gosh.
• 19:49
  OK, I'm going to ring the golden gong and then we're all going to
• 19:51
  go out. We're all going to go out and
• 19:52
  look at Kitco. Thank you, Susie, for those of
• 19:54
  you, for those of you who are new, this is my wife, Susie.
• 19:59
  She communicates with me via walkie-talkie and helps out
• 20:02
  during the thing. Let's ring the golden gong and
• 20:04
  then let's go look at Kitco and get a gold price update.
• 20:07
  But this is for the 100. Thumbs up guys.
• 20:10
  The golden gong, Listen to it resonate.
• 20:12
  These are good times and gold and silver.
• 20:19
  Hopefully you can hear that. OK all right, we're going to do
• 20:24
  this live, so bear with me. We might have some technical
• 20:26
  issues, but Susie is requesting that we go out to Kitco.
• 20:34
  And where am I here. Here we are.
• 20:37
  OK, goodbye U.S. debt clock and we will type in Kitco precious.
• 20:44
  Oh, and I want to talk about what's happening today in the
• 20:47
  silver price as well. Here we go, Kitco medals.
• 20:52
  Let's see what this pulls up the right screen for us.
• 20:55
  Here we go. Perfect.
• 20:56
  OK, wow, she's correct. Look at that guy's woof.
• 21:03
  Unbelievable. We'll go with orange.
• 21:06
  We've got a gold price right now, up $50 per oz in the spot
• 21:13
  market. Unbelievable.
• 21:15
  Silver down $0.40. OK, but silver still healthy
• 21:21
  above $40, down $0.40. I'm sorry, a silver price at
• 21:25
  $40. Hey, it's going up.
• 21:30
  What do you say, basement dwellers, the longer we stay
• 21:32
  down here, maybe we'll just wait till it gets back to $41.00.
• 21:36
  All right, I want to say thank you to everyone who's joined us
• 21:38
  today. We're a community that loves to
• 21:40
  talk about protecting ourselves, gold and silver.
• 21:44
  Some of you love crypto as well. That's great.
• 21:46
  OK. The more important thing to us
• 21:48
  is that you feel like you found a home away from home down here
• 21:52
  in the basement. You're important.
• 21:54
  Please subscribe to the channel. All right, Be good to yourself
• 21:58
  and I will see. I will see you next time.
• 22:02
  Have a great day. Thank you.