Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🇨🇭 Swiss BANKER'S Profound Message to SILVER Stackers -- (Gold too)

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🇨🇭 Swiss BANKER'S Profound Message to SILVER Stackers -- (Gold too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:01
Welcome to the live stream. Welcome to the basement,
0:05
Basement dwellers. We have two of the world's
0:09
biggest, probably two of the biggest banks in the world
0:12
talking about silver. And what are they saying?
0:16
What can we expect out of silver and gold, for that matter, as we
0:21
head into the coming 5-6 months? We know it's going to be a crazy
0:25
5-6 months, but the two biggest banks are giving us, I would say
0:29
some pretty good news about the price of silver.
0:33
I'm going to share that with you.
0:34
Yes, you and it's a big deal that you are here.
0:39
I appreciate your time. I hope that you feel like you
0:42
found a new little home away from home here in the basement.
0:45
I know it can be a cold and lonely world out there, in
0:49
particular for people like us that are silver and gold
0:53
investors, right? We are not part of the sheeple
0:57
the crowd right we're out there on our owns a bit of lone wolf.
1:01
So I want you to feel comfortable here, comfortable
1:04
here. It's a big deal.
1:06
You're here. Thank you.
1:07
Please give this a thumbs up. You can subscribe to the
1:10
channel. It all helps us get the word out
1:13
to more people. But let's take a look at the
1:15
silver price 1st and then, and then we're going to talk about
1:20
what these two big, the biggest banks in the world, the, the
1:24
biggest banks in the universe as far as we know.
1:27
And they're saying some good things about our friend silver.
1:30
Let's head out to the to the silver chart.
1:32
First, I want to show you a few in developments.
1:36
This is a 5 year chart of silver and we're going to change that.
1:41
This is on Trading View. Let's go to one year and let's
1:45
draw a line and let me show you just the trouble, the trouble,
1:50
trouble that we are in right now.
1:53
OK, this has been pointed out by a lot of different people.
1:57
Well, maybe we're not in trouble.
2:00
Hold on here one second. If we go back to February, guys,
2:05
we can't forget we had $22.00 silver.
2:08
That red line is kind of the support line for the silver
2:12
price. I, I have to be honest with you,
2:14
I'm shocked. I thought we were in, in big
2:16
trouble. This is actually what I might
2:19
say good news because the little move up that we had in the
2:23
silver price. Let's go out to Pinbex and see
2:26
where did I forget? Nope, I didn't forget.
2:29
Let's go out to Pinbex and see where the silver price closed on
2:33
Friday $29.20. With the key that we closed
2:38
above $29.00, we're up almost $0.25.
2:42
Gold closed out the week at $23130 per oz.
2:46
So let's go back to this chart and I want to point out to you
2:50
we, in my opinion and look, we aren't crazy, not the technical
2:55
analyst people are crazy, but we're not crazy about technical
2:58
analysis. But we do want to keep an eye on
3:01
what's going on here. And that silver prize, woof,
3:04
she's riding the line no doubt, but still above that.
3:08
Now what I do want to point out is if we go out to a five year
3:11
chart, if it'll let me hold on here, let's go to a five year
3:22
chart of silver. Unbelievable.
3:25
Let's just draw that line again. I want you to see the period
3:29
that we came out of with the silver price where we had almost
3:33
like unprecedented. I know Michael Oliver talks
3:38
about this. Here we go.
3:41
I can't get that to go off the screen.
3:43
OK. Well anyway, look at this.
3:47
That goes what all the way back to 2021.
3:51
Look at this range that we were in with the silver price, OK,
3:56
Anyway, I mean, you know really we were in about a two or three
3:59
dollar range for a two or three-year period which we broke
4:02
out of and there was a descending wedge we knew that
4:05
that we broke out of. So I think we're still in good
4:08
shape with the silver price. Look, we could see and let's go
4:11
over to our friends. Let's go back and say hello to
4:14
you first. Thank you again all 200 of you
4:17
basement dwellers for being here.
4:20
Your time is important. Now we're going next, we're
4:22
going to talk about two, yes, two of the world's largest banks
4:26
and what they're saying about the silver price.
4:30
Let's start with UBS. Do you know if you heard at UBS
4:33
bank And I am thought before I came on like it would be helpful
4:36
for us to take a look and see who is UBS bank And I was
4:41
shocked to learn this. UBS Group AG or UBS is a Swiss
4:47
multinational investment bank and financial services company
4:51
founded in 1998 when Union Bank of Switzerland and Swiss Bank
4:55
Corporation merged blah blah, blah, blah blah.
4:58
The name UBS comes from Union Bank of Switzerland.
5:02
Here's the important part. Yellow UBSUBS Bank is the
5:08
largest Swiss banking institution.
5:11
So it's the largest bank in Switzerland.
5:14
What have we always heard about? Swiss bankers, right?
5:17
Oh, Swiss bankers, Swiss bank accounts.
5:19
This is the largest bank in Switzerland and the world's
5:24
largest private bank by assets under management.
5:29
So this is, we're just going to call it the biggest bank in the
5:32
universe, but conservatively we can say it's a massive bank.
5:37
OK, What are they saying about silver?
5:40
This gets interesting, guys. UBS says silver prices should
5:45
rise once the Fed begins cutting rates.
5:48
And I think they're wrong on that.
5:50
And I'll tell you why here in a minute.
5:52
But let's listen to what they say because, you know, they're
5:56
the world's largest bank in Switzerland and largest private
6:00
bank by assets under management. They're not just some people
6:02
sitting in their basements, like US basement dwellers.
6:05
They say silver prices struggled due to strong U.S. dollar and
6:09
speculative traders reducing their net long positions in the
6:13
futures market. So these speculative traders
6:17
have them had a massive long position and they're starting to
6:20
pull back a little bit from that.
6:22
And that's not necessarily a bad thing.
6:24
At the moment, speculative accounts hold net long positions
6:28
of nearly 260 million ounces of silver, which is high by
6:33
historical standards. If the US dollar remains strong
6:40
and net positions continue to be reduced, silver prices could.
6:44
Don't get mad at me here guys. Drop, but it gets better at the
6:48
end. Trust me.
6:49
Drop further to around 2750 an ounce or even $26.10 per oz in
6:56
the near term. That would be about a $3 per oz
6:59
drop worst case scenario, UBS strategist said in a note.
7:03
Considering silver's recent volatility of over 30%, such
7:08
declines are not uncommon. Nobody ever wants to say
7:11
anything good about our friend silver.
7:13
Most importantly, UBS says we do expect silver prices.
7:17
This is the good part, guys. Most importantly, we do expect
7:21
silver prices to rebound quickly from any pull back over the next
7:26
6 to 12 months. So how do you feel about that?
7:29
I feel it. Do you feel it like guys, it's
7:32
it's big time right now. It's time to put boots on the
7:35
warehouse floor, right? It's time to make some feathers
7:38
fly. Sure.
7:40
And even UBS is saying this, they might be able to beat
7:43
silver down by two to $3.00 an ounce from where we are right
7:46
now, $26. Hold on.
7:48
I need to give you a look. Make sure you're still there,
7:51
$26. All three hundred of us on a
7:54
Saturday morning out of the blue.
7:56
Thanks for showing up in the basement because you are the
8:01
most important part of this community.
8:03
Yeah, you there's only one you. It's YouTube, not Ron Tube.
8:07
And yes, do you believe if they beat silver down to $26 per oz,
8:13
do you agree with UBS? I agree with UBS.
8:17
It's got it's been bouncing back.
8:19
Remember the chart we looked at earlier, right.
8:22
Silver is still holding that line.
8:24
I firmly believe that it would bounce back and all this talk.
8:29
Let's go back to the article you're here to you're here to
8:31
learn not to listen to me. OK, all this talk about, oh, the
8:37
the Fed has to lower rates. Well, let me let's let's dispel
8:41
that as being wrong right now, OK, because look the Fed does
8:46
not have to lower interest rates for the price of silver and gold
8:51
to moon shot. That's a fact.
8:53
What what what could happen OK, so yes, let's put out their
8:57
scenario first, OK, we're going to I'm going to I'm going to
9:00
teach you something right now. What could happen is yes,
9:04
indeed, we continue to get these favorable inflation numbers
9:08
right like you heard them yesterday.
9:10
Oh, the PCE report came in as expected and we're Mary Daley,
9:15
the head of the San Francisco Fed said it looks like we're
9:17
making progress on inflation, blah, blah, blah.
9:21
If that's the case and they lower rates, that's good.
9:24
We're in a win win. I got happy news for you this
9:26
morning. OK, If that's the case and they
9:29
supposedly are winning the fight on inflation and they lower
9:32
rates, that's very supportive to the silver and gold price.
9:37
Now put your thinking cap on. Put your 3D chess cap on, right,
9:41
All right, this. But you can understand this and
9:44
this, this totally is the case. The other thing that could
9:48
happen is that we could have inflation skyrocket again.
9:53
And guys, that is not out of the realm of possibilities.
9:56
Let's say inflation skyrockets. They're talking about if Donald
9:59
Trump gets, excuse me, hold on a second.
10:04
If Donald Trump gets elected, that'll put these tariffs on and
10:07
it could make inflation sky. There's a whole host of
10:10
scenarios. So if inflation skyrockets and
10:14
they just leave rates where they are right now, that's the same
10:18
thing as lowering rates in a low inflation environment.
10:22
Leaving rates where they are. It's six or one half dozen the
10:26
other. It's like when you go to buy a
10:27
used car, whether they give you a good price on your trade in or
10:31
not, depending upon how bad they're going to stick it to you
10:33
on the new car. It's the same type concept.
10:36
If inflation takes off and they just leave rates where they are,
10:39
if they even raise rates and said, oh, we need to fight
10:42
inflation, I got news for you. OK, buckle up this buttercup.
10:47
Don't trust the Fed. the Fed needs inflation.
10:52
The only way, the system that we have right now with the massive
10:56
amount of debt, the only way that they can perpetuate the
11:00
current system and they're beholden to the system right
11:04
these the one percenters is by inflating away the debt.
11:08
I digress. I'm sorry, I, I had to get that
11:10
off my chest. I, I hope that makes sense to
11:13
you. I'll continue to to talk about
11:16
that during future live streams for silver prices to rise, both
11:21
US interest rates and this is where I don't necessarily agree
11:24
with them and the US dollar need to fall in the second-half of
11:28
the year. Well, I got news for you, UBS,
11:31
maybe we'll just call them BS. The dollar is falling, right?
11:35
Maybe not in relative value. Sorry guys.
11:41
I'm having some vocal problems this morning.
11:43
Maybe not in relative value, right, Compared to the euro in
11:48
the end, the DXY, but in real value, the dollar is absolutely
11:52
falling. The UBS base case scenario is
11:55
that the Fed will cut rates twice this year starting in
12:06
September. Now everybody's saying the Fed's
12:08
going to cut rates. The odds of a Fed rate cut by
12:12
September went up on Friday after we got the PCE number.
12:17
I think it went up to 68%. Now they're saying there's
12:20
almost a 70% chance that the. And you know what, that's great,
12:24
but it's all a bunch of noise. It's all a bunch of not UBS, but
12:28
a bunch of BS, OK. Because at the end of the day,
12:32
the real value of the dollar is going down.
12:35
Nonetheless, it would be happy times for us silver and gold
12:39
investors if indeed the Fed does quote UN quote, cut interest
12:43
rates in September, which would strengthen expectations for
12:47
further rate cuts into now. The orange part here is
12:50
critical. Again, thank you.
12:54
We got 100 thumbs up. Thank you guys for the thumbs
12:56
up. This orange part is critical,
13:00
OK? Because what?
13:01
They just talked about the Fed cutting rates, blah blah blah
13:03
blah, whatever, no. Oh yeah.
13:06
And we know that China and India are demanding more silver than
13:08
known demand. All that stuff matters.
13:11
But what really matters is what's in orange down here.
13:14
This should finally bring a turn around in ETF positions which
13:19
are already showing signs of stabilization.
13:24
Guys, the silver price, the gold price have done absolutely
13:27
awesome. Let's read that one more time
13:29
and then I'm going to I'm going to look you in the eye, basement
13:31
dwellers. This should finally bring a turn
13:34
around in ETF positions which are already showing signs of
13:39
stabilization. OK, OK, the silver price, $29.00
13:45
per oz. The gold price $2300 per oz.
13:48
Thank you to all 400 of you for being here.
13:50
I'm going to ring the dinger here in a second for the 100
13:53
thumbs up that we've done together.
13:55
Right, that gets the word out. Leave some comments in the
13:58
comments section. None the less, silver and gold
14:01
have done awesome this year. We really should be happy, OK,
14:07
But it's done that it's this is so important when it comes to
14:12
understanding the silver market and the gold market, but we're a
14:16
little more focused on silver right now.
14:18
It's done that without any interest in the West.
14:22
Zero, nada. OK, Central banks are buying all
14:27
the world's gold. I got news for you.
14:30
Have you heard that like 19,000,000 Times Now?
14:32
But they are central banks are buying all the world's gold.
14:37
What about silver, you might ask?
14:39
Who's buying that? China and India.
14:42
I mean, have you seen it's unbelievable.
14:45
James Anderson and SD Bullion had a puts out a video every
14:49
Friday. He was showing these massive, I
14:52
mean gargantuan, bigger than my head, solar farms they're
14:57
building in China and they're talking about they have to build
15:00
like 190. Anyway, think about this.
15:03
This is critical. This is critical and it's good
15:06
news for you. All right?
15:08
You're a basement dweller. You love silver, you love this
15:11
stuff. Here, let's Ding this.
15:13
We got 100 thumbs up and then we're going to we're going to
15:15
hit the home run. Trust me.
15:23
There you go. Ten rings of the danger.
15:24
Do you guys like me ringing bells?
15:26
I'm not sure. You know, I'm still trying to
15:28
feel my way through this. I ring the dinger.
15:30
I ring the bell at 200 thumbs up.
15:32
Send me an e-mail. Tell us in the comments, do you
15:34
like the bells? Not like the bells anyway.
15:38
The demand for the metals, gold from the central banks, silver
15:43
from the Chinese and the Indians, 'cause they're you to
15:46
using it right for industry and investment.
15:50
Think about that. Those are the only that.
15:52
That's what's driven the price. OK there that you want you wanna
15:56
you wonder why as a side note that silver mining and gold
16:00
mining stocks are in the toilet, huh?
16:03
That's because the, the central banks in the BRICS countries and
16:09
the, and the Chinese and the Indian investors, they buy the,
16:12
they're buying the metal. They can't even buy the the gold
16:15
and silver mining stocks. But the fact that the metal
16:18
prices have done so well is without any interest in the
16:23
West. People in the West aren't,
16:25
aren't buying silver and gold. People in the West, I mean, just
16:28
saw the data. I think what is it?
16:30
Aramark, the big company that owns all the other bullion
16:33
companies now is like their sales are down and dollar
16:36
levels, they're they're they're about the same or up because the
16:40
price of the metals went up. But the number of Oz people are
16:43
buying is down. OK, so think about that Now what
16:48
did that article just tell us? It told us that that the ETF OK,
16:54
like they're they're talking about the SLVETF that it's
16:57
stabilized. There was money coming out of
17:00
these guys. If the, if the investor comes
17:03
back to the Western, the western investor comes back in any way,
17:07
shape or form. I'm telling you the price cause
17:10
the Chinese and the Indians and the central banks aren't gonna
17:13
stop buying. But if just the little bit of
17:17
the Western investor comes back, Woo, Katie, bar the door.
17:21
Time to make the feathers fly, right?
17:23
Party time, basement dwellers, Right.
17:26
OK. Are you ready for it?
17:29
I mean, can you accept it that it could happen that mining
17:33
stocks, I mean, when mining stocks move, they really move.
17:37
OK. When the metals move, when
17:39
silver moves, it can really. Really, really move.
17:43
Let's run out and take a look one more time at the I love
17:47
checking on the silver and gold price on the weekends because it
17:50
doesn't change our friends at Pembecks.
17:53
Again, silver closing at $29.20 on Friday.
17:58
Hey guys, we're a community. Part of the community is
18:01
Pembecks OK? They've been sponsoring the
18:04
channel. I said it's almost been a year
18:06
now and it's a company that I used to buy my silver silver
18:11
from cause I haven't bought gold from them.
18:14
I'm not going to lie to you, but I bought silver many times from
18:17
pin backs and I've always been very, very happy, OK.
18:21
They always have the products that I want.
18:23
They got a great selection. Their service is great, second
18:27
to none. Oh, OK, thank you, Susie.
18:34
Sorry, guys and their prices, that's what's important also to
18:39
me like, you know, I want to make sure there's a selection.
18:42
I want to make sure it's a company that I trust, but I want
18:45
to get the most metal for my money and I always get that with
18:47
Pembac. So it I'm not going to tell you
18:49
what to do. I'm just saying if you're ever
18:51
going to buy bullion online, compare what you can get from
18:56
Pembacs to what you can get from the other online bullion dealers
18:59
and I think you will be satisfied.
19:01
Now we got another big bank. Guys, hold on.
19:05
We still here? Yes, we're here.
19:07
Thank you, dwellers. For those of you who are new, we
19:11
call ourselves basement dwellers because we are a community.
19:14
We're like a little family, a little home away from home.
19:17
Here. I need to attend to some
19:19
business. Please help me.
19:21
Oh, my gosh. Vincent Leone, thank you for the
19:24
Super chat. OK, and I'm going to do a better
19:27
job of trying to answer questions from got people as
19:30
well. Bear, please bear with me as we
19:34
as we continue to evolve the basement community, but I hope
19:38
you found a little silver and gold home away from home.
19:41
OK, now let's go. Let's go to our next very
19:46
important. Oh, this is creating a big stir
19:49
in the silver and gold community.
19:51
A couple things that we need to look at and we need to do that
19:56
on the, I think I'm in Pfc. So give me one second here,
20:01
guys. Our friend, the US debt clock,
20:05
there's been some changes that we need to look at.
20:09
First and foremost, guys, everyone's all a stir about
20:14
this. Number right here you can see
20:18
can you see my yellow finger? I'll circle it.
20:20
The dollar to silver ratio yes, this is shot up.
20:23
It was like in 100 and 6000 and 50.
20:27
It was actually at 0 not too long ago.
20:30
OK again again, I don't want to draw too much attention to this
20:34
number. It's an interesting number and
20:37
it does show us it's a comparison, OK, that for each
20:42
one ounce of silver, it compare it.
20:44
It basically compares the growth in this number, the M2 money
20:49
supply, which you can see is growing.
20:50
That's like all the cash, all the money out there in the
20:53
economy. It compares that.
20:56
Wow, I didn't read there it is in the year 2000, it was much,
21:00
much lower, huh? That's kind of a history thing
21:02
anyway, compares that number which is growing, right?
21:05
That's money being created in the economy magically somehow,
21:10
right? Two, how much to the total
21:14
number of Oz that are mined each year so that pays what this
21:17
number means $232 is that for each one ounce of silver that
21:22
will be produced this year at the current run rate there will
21:26
be $232 created. OK.
21:30
And we talked about this one yesterday, the paper to silver
21:33
ratio, that's the number of electronic contracts.
21:38
But again, compared to the number of Oz mined on an annual
21:44
basis, not all the silver in the world.
21:47
But to go back up to this number, it is interesting and I
21:52
think it is just another indicator to us just how much
21:56
paper money is being created relative to how much silver is
22:01
being created on an annual basis.
22:03
And they're outpacing us at $232 per oz.
22:09
And if you go back over here over A5 year period, it's $1500
22:17
per oz. Let's take a look at that
22:18
definition real quickly. Don't forget if you hover over
22:22
it, then you can see up here where it says U.S. debt clock.
22:26
You get the definition. That's the five year average of
22:29
the yearly increase in USM two money supply divided by the
22:34
yearly world production of silver.
22:37
Wow, that's at 1500. That's probably because remember
22:43
back during the C19 crisis, they printed a little money, Let's
22:47
say, hey, we got 500 people, 500 basement dwellers.
22:50
We are growing. Hey, guys, I'm telling you, I
22:53
don't promise stuff unless I'm going to do it.
22:56
And I'm telling you when we get where'd it go?
22:59
Hey, oh, there's pin backs. Do yourself a favor, check out
23:03
pin backs. But remember him, we don't talk
23:05
about him. That's the silver bear.
23:08
He has a blindfold on that says $85.
23:11
I'm telling you, basement dwellers, when we get to $85
23:14
silver, I will here in Saint Louis, have a giant basement
23:18
convention. I'm going to rent out the
23:20
basement of a church, OK, a Catholic Church, 'cause there's
23:23
all kinds of Catholic churches here in Saint Louis.
23:25
They all have basements and they all rent them out for wedding
23:28
receptions and whatnot. But we will be in the basement
23:31
of a Church of all places, and we will have a party to
23:36
celebrate, OK, I give you that. So if you want to get together
23:39
with us at that point, that'll be great.
23:41
Who knows, maybe that'll be in a year.
23:44
Maybe it'll never happen. We got.
23:46
OK, thank you, Susie. That's Susie telling me.
23:50
We got the 200 thumbs up. Going to ring the bell for the
23:54
200 thumbs up. Man, you guys are awesome.
23:56
OK, we got we got. Let's get back to business.
23:59
What about the other world's biggest bank, The biggest silver
24:03
and gold bank in the universe? What are they saying about
24:08
silver? Let's go out here.
24:10
Let's go out here. Actually, I can read this one to
24:12
you. Do you know, do you know right?
24:16
Who's the biggest manipulator of the silver and gold price and
24:20
the history of the universe? Guilty of spoofing, Right.
24:24
Convicted. They put some people in jail,
24:28
Right. OK, We know that the biggest,
24:31
most powerful bank in the world are.
24:34
When they talk, we may not like them.
24:36
JP Morgan, right? And they're.
24:39
What's the guy's name? Jamie Dimon.
24:41
Yeah. Jamie Dimon.
24:42
OK. But when they say something
24:44
about silver, our ears are going to perk up.
24:46
And they also said something about gold.
24:49
But they're talking about the pull back.
24:51
Guys, we've had a pull back in commodities.
24:53
But JP Morgan says it's just that, a pull back.
24:58
OK, remember this. Let's go.
25:00
Let's let's, let's, let's have a happy thought.
25:02
Hold on, let's pull this up. We're going to fly through the
25:05
slides until we find the one we need.
25:10
Bear market, bull market. OK.
25:12
Remember, guys, pull back. Are we here that Yes, we are.
25:17
We are in a pullback, OK. This is a bull market over time,
25:22
which is the horizontal line, see where it says zero to 10
25:25
years, OK, From right to left, we're going up, up, up.
25:29
We are not going to go up in a straight line.
25:32
We are in a pullback. All right, OK.
25:35
Now JP Morgan says the pullback is just that, a pullback.
25:43
We remain structurally bullish, structurally bullish, that means
25:49
long term bullish. JP Morgan on gold, Are you ready
25:53
to hear what they're saying about price?
25:55
You're going to get it in less than one minute.
25:57
And silver, structurally bullish on gold and silver and C in old
26:04
and C coin shop. Chris just texted me.
26:06
I'm going to see what he said here in a second.
26:07
And C, the ongoing consolidation, OK, as a buying
26:12
opportunity, silver should go to $34 per oz.
26:18
We're gonna talk about why that is so important here.
26:21
Just one second and gold to 2600 in the year 2025.
26:30
Let me remind you, basement dwellers, do you know what I
26:34
know? We're all getting older.
26:35
Sometimes we have a hard time remembering what year it is.
26:37
We're in 2024. And we're halfway.
26:41
Through the year, I can see it, right?
26:43
I mean, almost exactly halfway through the year, we aren't that
26:47
far from 2025. They're talking about $34
26:50
silver. We're going to talk about why
26:52
that's so critical, Why that, my friends, is the catalyst, why
26:56
that puts gold and silver in particular on the launching pad.
27:02
And we're going to do that after I check and see what Coin Shop
27:04
Chris is texting me about. Hold on here, by the way, guys,
27:08
Coin Shop Chris will be our special guest host tomorrow
27:12
during the live stream. Oh yeah, and we're going to go
27:16
on an RV trip. Boy, I'm getting myself.
27:19
In a lot of trouble after we have the big party in the church
27:22
basement that you're invited to. OK, we're not going to charge
27:26
anything. I'm a tight wad.
27:28
I wouldn't charge you if you come all the way to Saint Louis
27:30
to come to my convention, OK? It'll be free and I will provide
27:35
non alcoholic drinks and pizza, OK?
27:37
I promise you nonetheless, then coin shop Chris, are going to
27:40
get an RV and we're going to go all around the country and visit
27:42
you people and park in your driveway and you're going to
27:45
cook us dinner and and have a good time and, and anyway, where
27:50
was I? Oh yeah, $34.
27:53
And you think I'm kidding? We're getting an RV and we're
27:55
going to paint half of it's silver and half of it gold.
27:58
You watch? None the less we get JP Morgan's
28:01
$34 silver. How does that sound?
28:04
That's big because of this guy's I've said this, everything I say
28:09
has come true. Well, most of it, some of it,
28:12
right. OK.
28:13
And I'm going to tell you we're in for a bumpy Rd. this summer.
28:16
But once we get to the $34 silver and we close like on a
28:22
weekly basis, on a monthly basis, it's it's it's blast off
28:26
time silver's and now gold, same thing they're talking about
28:30
2600. We're going to go from $2600
28:34
gold to $3000, and you're asking why?
28:37
I'm going to tell you why. We're going to go from $34
28:40
silver to $50 silver lickety split.
28:44
Now, getting the 34. This, this is critical for us to
28:48
understand. The hardest part is getting to
28:53
and beyond the $34 silver, getting to the $3435 silver.
28:59
That's going to be much. Harder than going from 35 to 50.
29:03
That's going to be like a rocket ship.
29:05
OK, look, I could be wrong. Don't make any financial
29:09
decisions based on anything I'm sharing with you.
29:12
But I'm usually right. And I'm very, very confident of
29:15
that matter. Now, could that be next year?
29:18
According to JP Morgan, yes. Why?
29:21
I'll just quickly explain to you why, OK, There's a lot of people
29:26
that bought silver around the 3233 that are looking at they're
29:30
saying right now, if silver ever gets to $33, if silver ever gets
29:35
to 31 dollars, I'm going to sell, sell, sell, sell, sell,
29:39
right. So that puts selling pressure on
29:42
silver once silver is able to work through all those those
29:46
morons. I'm just joking.
29:48
That was mean those, those non committed silver stackers, those
29:53
non basement dwellers, right? Works through all those sellers
29:58
and then gets up to 34. I got news for you.
30:00
There ain't nobody who bought silver at $36.
30:04
Very few people, very few people bought silver.
30:07
Even fewer at $40. If you look at a chart, silver,
30:11
silver maybe spent it's just a, a, a minuscule amount of time at
30:15
$40 per oz. So when we get up there, there's
30:18
no sellers and then it's record we're we're hearing about, you
30:22
know, essentially record territory for silver.
30:24
Oh, silver's, I mean, right now silver's like I heard it the
30:28
other day, like an 11 year high or something like that.
30:31
So it'll be interesting and it'll happen very, very, very
30:37
quickly. Look, the big banks, UBS, OK,
30:41
the biggest private bank in Switzerland, biggest private
30:45
bank in the world. Think about that.
30:48
OK, Swiss bank. What did, what did your, what
30:52
did you always hear about Swiss bank accounts, right?
30:55
They know what they're doing. They know what they're talking
30:57
about. They're talking about the strong
30:59
support for the silver price. JP Morgan, those those wonderful
31:05
friends of ours at JP Mart, they're talking about they're,
31:09
they're, they're they're I think, I think it's a code.
31:12
I think they know, right? They're saying 34 cause JP
31:15
Morgan knows 1 silver, right? the Fed knows.
31:18
Once silver gets above $34, it really is blast off time,
31:22
basement dwellers. I'm telling you and, and, and,
31:25
and, and I'm going to tell you one more thing.
31:28
You deserve it, right? Those of you, me, I'm included,
31:32
right? I mean, I know how long we've
31:36
waited for this to happen, right?
31:38
And when it happens, it's OK, right?
31:41
It's going to be, it's, it's, it's, it's going to feel funny.
31:47
It's going to feel. Like if you're right-handed like
31:50
me, it's going to feel like throwing a baseball with your
31:53
left hand. It's going to be uncharted
31:54
territory. But don't worry, we're going to
31:57
hang out and we're going to get through it all together.
31:59
OK. Hey, guys.
32:00
Thank you. Let's go to the comments real
32:02
quick. See what if you got a question.
32:05
Aloha, Dave, our friend in Hawaii.
32:08
Hello. I think I saw Jake from Jake's
32:10
custom parts. Wow.
32:12
There's Vincent. There's Susie.
32:13
Thank you. Thank you, Jake.
32:15
Thanks. Thanks to all the moderators.
32:17
They haven't done this forever. Basement dwellers.
32:20
We're a community that helps and supports each other.
32:23
Why don't you please type 888 for those that moderate because
32:28
they really are great. Eight.
32:29
And you know what? Don't you think Ronnie should
32:32
put his money where his mouth is?
32:34
There we go. I told you Coin Shop.
32:37
Chris will be on tomorrow. Go check out his new channel,
32:41
Coin shop chris.com, Jake's custom parts.
32:44
Good to see you. Hey, coin shop Chris is here.
32:47
Awesome. Good to see you.
32:48
Coin shop Chris, There's Susie. Anybody got any questions?
32:52
I'll tell you what, anybody got any questions?
32:54
I'm going to give you. I, I can only give you 5 more
32:57
minutes, but it's going to be the best 5 minutes of your life.
32:59
The countdown has started. If you have a question, type a
33:04
question mark before your question.
33:06
So I know it's a question. OK, Look at Susie.
33:09
Wow, Bell belly dance Arabia Clifton Moberg good to see you
33:14
guys all right, what's the honest real value of silver once
33:18
de dollarization is done and the Petro dollar is no longer the
33:23
reserve currency of the world? You know, that's an interesting
33:27
question, guys. And, and, and there's a number
33:30
of different perspectives on the big story, right?
33:33
The Petro dollar is going away and, and it is, I'll give you a
33:38
sneak peek of some future material that I'm going to put
33:41
out. But I can tell you that right
33:44
now what's going on within the world, let's say Russia, let's
33:49
say Russia sells China a bunch of oil because as you know,
33:53
Russia's a major oil producer. China is a major oil importer.
33:57
Russia sells China a bunch of oil.
33:59
China pays Russia and Chinese yuan, their currency.
34:04
OK, so Russia's got all these yuan and Russia says, OK, we can
34:09
buy a bunch of stuff from China, a bunch of manufactured goods,
34:14
cause China's a massive manufacturer, right?
34:17
So China, I'm sorry. So well, China sells Russia all
34:20
those goods. Russia pays with the yuan,
34:24
right? But they're still have yuan
34:25
leftover. Let's say they sold them a a
34:29
billion yuan worth of oil and they bought 800 million worth of
34:35
goods. They still have CN¥200,000,000.
34:38
You know what Russia's doing with the yuan?
34:41
They don't want to hold the yuan, right?
34:43
Russia then goes to the Shanghai Gold Exchange and buys gold,
34:49
right? That's the big picture of what's
34:51
gold is being used as a settlement currency right now.
34:55
Gold is being used silver to a certain degree as well is is
35:00
being used by the central banks as a wow Clifton, I got paid
35:05
today too. Thank you, Cliff for that super,
35:08
super chat, super appreciated. Wow.
35:11
So, so gold is being used as a saving account by these
35:15
countries. They don't want to store value
35:18
in dollars. So when we talk about D
35:20
dollarization, I think it's here's here's the here's the big
35:24
picture about what's going on. The dollar probably will
35:28
continue to be used to a large extent as a trade currency, OK.
35:35
However, when these countries want to hold wealth, they don't.
35:42
OK. Susie, since I made a question,
35:45
I'll go back and look at it. They don't, they don't want to
35:47
hold their wealth in U.S. Treasuries.
35:50
They don't want to hold their wealth as much in U.S. dollars,
35:54
OK. That's probably where we're
35:56
going to see the biggest drain in, in, in, in, in the D
36:03
dollarization world. Now that being said, that being
36:07
said, on top of that and independent from that, OK, the
36:11
fact that the world is moving away from storing their VAT, the
36:15
world's here's 3 levels. OK, this is this is interesting.
36:19
Actually, there's three things going on.
36:22
There's the trade currency component of the dollar.
36:25
When countries want to buy oil, buy whatever from each other,
36:28
they're still kind of sort of using the dollar.
36:30
Thank you, Shadow, shadow work for that super chat, my friend.
36:33
And thank you, Clifton. So 3 levels, number one.
36:37
Yeah, they're using the dollar for trade.
36:40
Really. Honestly, it's probably still
36:44
the dominant. It is the dominant currency
36:47
that's used for trade. There is a certain degree of
36:50
movement away from the dollar, no doubt, as a trade currency,
36:54
right? Russia buying, selling stuff
36:56
with China in the all over the world, the whole bricks thing.
37:00
That's level one. OK.
37:02
Level two, though, which is where they're, I think we're
37:05
really seeing de dollarization occur is how they store their
37:10
wealth, right? They may use, it's kind of like
37:13
you, you may use dollars to pay your bills, to pay to go buy
37:17
groceries. You're not going to the grocery
37:19
store with junk silver. You're not going to the grocery
37:21
store with gold bars. No, you're going with dollars,
37:23
right? And that's what the countries
37:25
are doing. They're using dollars to trade
37:28
in terms of the nut level 2, storing their value.
37:32
You probably store some of your wealth in physical metal, right?
37:37
And that's what the countries are doing as well.
37:40
Like that example that I gave you with China and and Russia
37:44
doing a deal for oil. Russia has some extra yuan.
37:48
Russia sells China oil. China sells Russia a bunch of
37:52
stuff, manufactured stuff, but Russia has some extra money.
37:55
It's a trade settlement. They're they're going to convert
37:58
that extra 'cause they don't want the yuan and they don't
38:01
want dollars, they're going to convert that to gold.
38:03
So I hope that makes sense. There's the transactional level
38:07
where the dollar is still pretty dominant, although decreasing.
38:11
There's the wealth storage level, right, the reserves, the
38:15
wealth that is really seeing decrease.
38:18
And then the third level, which is critical for us to
38:21
understand, right? Is that just fundamentally?
38:28
I don't know how else to say it and.
38:30
It it hurts me, I'm going to tear up saying this guys
38:33
fundamentally right, Those bozos, those bozos that that are
38:41
oh, I got a quote. Thank you Goodyear gold.
38:44
Hold on a second. Those bozos that run our
38:47
country. I'm getting busted for my
38:49
thumbnails. I'll read that and Goodyear
38:50
gold. Thank you for the for the for
38:53
the Super chat, those bozos. That's the third level.
38:56
The dollar fundamentally is going down in real value.
39:00
So you got the transactional level, which is decreasing
39:03
somewhat. China, India, Brazil bricks.
39:06
You've got the well storage value where it's it's getting
39:09
eroded. Nobody wants the dollar.
39:11
Nobody wants to hold on to dollars.
39:14
Nobody wants. Look, look, this, do you want to
39:18
hold on to a bunch of this for the next 20 years paper?
39:22
No. And neither do the countries out
39:24
Do you want to use this if you go to 711 and buy a Slurpee,
39:28
Yes. OK right.
39:30
You got to. You're not you're not gonna try
39:31
to. You have to.
39:33
And that's the what the world countries are facing.
39:36
But you don't want to hold on to this if you want to, if you want
39:39
to retain value over a 10 year period, no, You want to hold on
39:45
to this, right? OK.
39:48
Absolutely right. And then on top.
39:52
Of that the third factor is the fact that the dollars just
39:56
mathematically doomed like we talked about earlier with the
39:59
inflation. So I pulled up this comment.
40:02
Hold to say here, would you consider your thumbnails as
40:04
price predictions regarding your comment that you are right most
40:08
of the time, No, I would. I would not say yes and no,
40:14
which I guess you know, maybe I'm not, maybe I'm dodging the
40:16
question, but original intent is.
40:19
Probably referring to the fact like yesterday's thumbnail for
40:22
my video said, $625 silver and I explained why and how if we
40:28
compared the price movements that we had in the 1970s to the
40:34
potential if we had those same types of price movements today,
40:38
how we could see $600.00 silver, I'll say $100 silver, I'll say
40:43
$3000 gold. OK, Hey, we.
40:48
Almost had 300 thumbs up. I will ring the gong.
40:51
Wow. This has turned into a
40:52
blockbuster live stream. Thank you.
40:54
And there's only one reason why, and that's because of you
40:57
basement dwellers. Anyway, yeah, I do.
41:01
You know, I I, I'll tell you original intent.
41:03
I believe silver will go to $600.00 an ounce or more during
41:07
my lifetime. So yes, I will.
41:10
Now, I'm not going to say it's going to go to $600 in two
41:12
years. Whatever.
41:13
No, I've said short term. Like I just said, I think
41:16
silver's going to potentially struggle this summer.
41:20
I do think that we could be above $3435 per oz by the end of
41:25
the year. I made a prediction late last
41:28
year that I thought by May we would have $2500 gold.
41:32
I was wrong. We got to what, 2450?
41:35
Go back and if you want to torture yourself, listen to my
41:38
hours of live streams. But I said it many times that I
41:41
believed we'd have $2500 gold by May.
41:43
I was wrong. But hey, we got to 2450.
41:47
So, you know, if in the next 10 years we get the $540 silver, I
41:52
won't be complaining. Anyway, I appreciate the
41:55
question. You guys are always welcome.
42:00
Right to question me. I, I encourage it, right,
42:03
Vincent Clifton Moberg, Thank you.
42:05
Shadow work and we had another super Chad here.
42:08
Goodyear Gold. All right.
42:12
Oh, hey, Susie. Hold on a minute, guys.
42:16
Hold on. I got to talk to Susie real
42:17
quickly. That's my wife, Susie Silver.
42:20
Susie. Hello, Susie.
42:22
Do you have a copy? Have we reached?
42:27
300 thumbs up. 300 and. 20 thumbs up.
42:35
You know what guys? Let's ring the Let's ring the
42:37
golden gong. Hold on here.
42:42
And. Before we do that, thank you to
42:45
1st Mining Gold for sponsoring The Basement.
42:47
Thank you to Fortuna Mining for sponsoring The basement. 2 great
42:51
companies. I own stock and hey, look, I'm
42:54
not giving financial advice, right?
42:57
Mining stocks go up and down. Fortuna has done very well this
43:02
year. OK.
43:04
Thank you. First, mining.
43:06
Those of you who own that with me has has been struggling like
43:10
most of the developers, but I believe both great companies.
43:13
You can check them out at their respective websites.
43:16
Now let's ring the gong, huh? I'm going to ring the gong.
43:23
Three times. This one's for.
43:28
You buttercup. And I'm telling you.
43:33
It's time to buckle up, buttercup.
43:35
I think the next six. We're at halftime.
43:38
Woah, woah, I knocked over the golden gong.
43:40
Sorry guys, I want you to think about this.
43:43
We are at halftime for 2024, right?
43:48
Tomorrow will officially be halftime.
43:51
And this year has been a big nothing burger, right?
43:54
The S&P 500's at all time highs, blah, blah, blah.
43:58
The everything's, everything's been oh, we got war in Europe,
44:02
we got war in Israel, which is horrible.
44:05
We don't like our but really, really we haven't had everybody
44:09
talked about me included. I was wrong on that as well.
44:13
I said, well, half wrong. 2024 was going to shape up to be a
44:17
crazy year. The second-half could be very
44:22
crazy. I I could say, but think about
44:24
this, think about this. The second-half of 2024 is most
44:30
likely. I mean, the first six months
44:32
were very non eventful from like, let's say geopolitical
44:38
turmoil, risk doom, whatever. I think the second-half of the
44:42
year could shape up easily to be much, much, much more crazy.
44:45
Hey guys, thank you for being here.
44:47
Don't forget TuneIn tomorrow 'cause I'm going to have my big
44:50
coin shop. Chris and I are on the mend.
44:52
OK, We're, we're, we're, we're, we're getting back together and
44:56
he'll be on here as a Co host. He'll be throwing in comments
44:59
from time to time. Hopefully we won't get in a
45:02
great big argument, big fight on the channel.
45:07
He'll be throwing his Ding. Dongs at me but he's got some
45:11
interesting information he wants to share with you regarding
45:14
things going on out there some stories from the coin shop what
45:18
he's seen happening. So make sure you come back for
45:22
the big coin shop Chris is back the return of coin shop Chris
45:26
tomorrow and thank you. OK, thanks again to our
45:30
sponsors, Pinbex Pi MB EX pinbex.com.
45:34
If you want to run out and buy yourself some silver, gold or
45:37
platinum first mining gold and did I forget?
45:40
Oh, I forgot. Hold on here guys.
45:44
Wow, you guys have been. Super generous.
45:46
Hold on. We got a super chat and maybe a
45:48
question. Thanks to you, I made my first
45:51
investment in silver. The dollar is dying quickly.
45:55
I appreciate. Well, thank you, La Dame.
45:58
Darling, Darling. That's nice of you.
46:00
Wow. Thank you for that super chat.
46:02
Yeah, I had somebody else tell me the other day while I was at
46:05
work at night and the wife of one of my Co workers said she
46:09
was like, I bought some junk silver, some constitutional
46:12
silver from Pinbex. And I don't know if she got it
46:16
yet. And then I didn't see her again.
46:17
So I want to ask her, you know what, how how it went.
46:20
But man, everybody's been very happy.
46:24
Thank you. OK guys, I will see you soon.