Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / WARNING⚡Be 1st to Hear THIS! ⚡ INDIA Silver SHORTAGE! - (Iran, Brazil + GOLD News)

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WARNING⚡Be 1st to Hear THIS! ⚡ INDIA Silver SHORTAGE! - (Iran, Brazil + GOLD News) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:00
We have big breaking stories again today that are going to
0:04
impact the prices of silver and gold.
0:07
And we got a lot more to talk about when it comes to silver
0:10
and gold, India shortages and the big squeeze.
0:14
We're going to wrap up on reasons why there could be a big
0:18
squeeze coming in the silver market.
0:20
But let's get straight to the big breaking news story of
0:23
today, the news from Hormuz. It's open, it's closed, and it's
0:30
closed again apparently. Hold on one second here, guys.
0:34
Hold on. Make sure what you can see me
0:37
and hear me. You're having some tech issues.
0:39
Hopefully you can see me and hear me right now.
0:44
And hold on. I might have to start this over.
0:49
Hello. If you can see me and hear me,
0:51
please put it in the chat. OK.
0:56
All right. I think we're live.
0:57
Hold on. Let's go back and look.
0:59
Let's see if I can see you. Oh, yeah, I see you.
1:01
Thank you for being here. Let's get to the big breaking
1:04
news story, The Straits of Hormuz.
1:06
It's opened. It's closed.
1:07
It's open. It's not a laughing matter.
1:10
We don't like war. But the latest now is that
1:12
Iran's military says it is closing the Strait of Hormuz.
1:17
We got a graphic we're going to look at here in a second.
1:19
The other big story on this, the United States is prepared.
1:23
This comes from Zero Hedge to board Iran linked ships globally
1:29
following Iranian gunboat attack on Taker tanker in Hormuz.
1:33
So apparently they also attacked A tanker this morning, the
1:37
Iranians. So on Friday we were told it was
1:40
open. Today we get the news that it's
1:43
closed and then let's take a look at this is a pretty
1:47
interesting graphic showing. See if I can get that on full
1:50
screen for you. This is the straight of Hormuz.
1:54
I don't know. I can't color on it, but right
1:56
about here. Yeah, you can see my yellow
1:59
cursor that I guess is the not the line in the sand, but the
2:03
line in the water. And you can see all the boats
2:05
coming up and then they're all turning around.
2:08
What does this mean for silver and gold?
2:10
It means volatility. We may have.
2:12
Who knows what's going to happen?
2:14
You know, it could be reopen tonight, close tomorrow, and
2:19
then who knows, the president of the United States could tweet
2:22
Monday morning that it's reopened again.
2:24
I don't know, right? I mean, it's us and them saying
2:27
that it's open. It's closed.
2:29
What we can expect is some volatility.
2:32
I'm not saying that the silver price.
2:34
I got a sneaking suspicion that a week from now we're going to
2:37
have a silver price real close to where we are right now today.
2:41
I know the common consensus is that on Sunday night, because
2:46
the Iranians have closed the Strait of Hormuz, that when the
2:48
markets open tomorrow night, just about 24 hours from now,
2:52
the silver and gold price are going to crash.
2:55
I don't know. We'll see what happens.
2:56
I have a suspicion that that won't be the case, but we'll see
3:01
how that plays out and we'll get keep doing live updates on this.
3:05
It's absolutely crazy. Next big story, there's a hold
3:09
on gold and silver coming into the country of India and this is
3:14
a big, big deal. First, we'll go here to our
3:18
friends at Business Today. Gold shipments are stuck.
3:22
Banks halt imports. What it means for buyers and
3:25
investors. This is in India, right here in
3:29
orange gold price. Indian banks have temporarily
3:33
stopped placing new orders to import gold and silver from
3:37
overseas suppliers. This is because the government
3:41
has not yet issued a formal order blah blah blah to let
3:44
silver and gold into the country.
3:45
But here's here's where it gets interesting.
3:48
India depends heavily on imports to meet its gold and silver
3:52
demand. It is the world's second largest
3:55
consumer of gold and the biggest buyer of silver.
4:01
I think we knew that already. But we have to remember India is
4:04
the world's biggest buyer of silver and they love silver.
4:08
And we got more information about India with silver and why
4:10
that's so important. We're going to talk about later.
4:13
But it says without fresh imports, the country could soon
4:16
face there. It is right there, supply
4:19
shortages. And this was originally reported
4:23
by Reuters. But let's not forget when we
4:26
hold on here. Hold on, guys, I lost you again.
4:32
But the technology's acting. There we go.
4:34
We're back. I can see you.
4:36
Can you see me when we're talking about India, right?
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The world's biggest importer of silver.
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They also recently dumped the LBMA, the London Bullion Market
4:46
Association pricing for their big ETF's for their big
4:50
financial products in the country also, right?
4:54
They just on April 1st instituted these new banking
4:57
rules essentially allowing people in India to use silver as
5:01
collateral for loans with to me can't can't be described as
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anything else, but essentially monetization of silver.
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And on top of that, they're allowing their big mega
5:14
investment vehicles, ETS, mutual funds, whatever they call them
5:18
over there to now invest a pretty big portion of their
5:22
assets into silver, India and silver.
5:25
And wait, wait till we're going to talk more about this later.
5:28
It's undeniable right now that India and China are setting the
5:34
price. Asia, India, China are setting
5:37
the price. I got some data we're going to
5:38
look at later that is absolutely incredible.
5:41
Now we got to go to the silver squeeze.
5:45
I'm not saying it, but I will. And a lot of other people are
5:49
saying it. We love to hear it, but let's go
5:51
out and take a look at this this more data that came out this
5:55
week and an incredible synopsis of what we come to expect before
6:02
we do that. Oh my gosh, the Comex.
6:05
Yeah, right now we're talking about the silver squeeze, OK.
6:10
And Gold Silver put out an incredible short video about
6:14
what's going on at the COMEX. And he says the real story in
6:17
silver right now isn't the price, it's the supply going
6:23
down. OK, let's just watch this video.
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This is 45 seconds long. Again, came from gold silver.
6:30
Here we go. For the data that I'm looking at
6:33
that I think is even more important than price.
6:35
This right here is the chart that I'm looking at.
6:37
This is this is the COMEX depository warehouse silver
6:40
stocks. So how much silver is at the
6:43
COMEX? And you can see here lately
6:46
since the middle of 2025, this giant peak right here, it has
6:49
been absolutely plummeting. Now this to be clear, this is
6:53
not deliveries that happened at the COMEX.
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This is withdrawals. So this is how much silver is
6:58
being either deposited or withdrawn from the inventory.
7:02
And since the middle of 2025, there have been about 200
7:06
million oz net withdrawn from the COMEX.
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That is absolutely humongous. There we go.
7:15
Thank you. Gold, silver, an incredible
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short piece, something we probably don't pay enough
7:20
attention to, but that's the like he said, the real story in
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silver that's just isn't necessarily the quote UN quote
7:28
price. Yes, price is important to us
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all measured in paper. U.S.
7:33
Dollars know what the real story is and what's so important is
7:38
the supply of silver because like Keith Neumeyer, the CEO of
7:43
First Majestic Silver said back in January, even that massive
7:47
silver rally that we had throughout 2025 into early 2026
7:52
was a physical driven rally based on demand and supply.
8:00
And when supply goes down and great video there from gold
8:05
silver. And I appreciate the reminder
8:06
that we all we all need right when supply goes down eventually
8:11
that those are the real drivers. The price doesn't necessarily
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drive drive it. The ultimately in any free
8:20
market, supply and demand are what are are what are what
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create the price. And as supply goes down, down,
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down, we're going to see, we may even see a silver squeeze.
8:31
Let's go to that right now. We got some interesting data
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this week and an incredible synopsis from Vince Lancey that
8:39
we're going to get to next. But first from NAI 500 silver
8:43
squeeze threat persists despite the price threat.
8:46
Silver squeeze by silver. OK, they go into the into the
8:50
latest data, but let's then. And it wasn't just them before
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we go to Vince. Hold on one second.
8:58
There we go. Man, I hope you guys can see me
9:01
and hear me upstairs. Susie, my lovely assistant is
9:03
off taking care of our kids this weekend.
9:06
But it's not just the N AI500, it's the Financial Times, right?
9:11
The Wall Street Journal of London had an article this week
9:14
after the Silver Institute put out their annual silver survey
9:18
that talked about a silver squeeze.
9:20
But Vince Lancey sums it up best.
9:23
And this is real easy. There's four key points that he
9:26
brings up that we're going to look at and I want to give him
9:30
proper credit from zero hedge from Vents VBL Silver Institute
9:35
Silver enters a squeeze regime. The silver market has shifted
9:41
into a structural deficit regime with six consecutive shortages
9:46
drawing down global inventory. Supply growth remains
9:49
constrained while investment demand is replacing fabrication
9:54
demand. This imbalance is tightening the
9:57
physical availability. Like the video we just watched
10:00
and increasing volatility leaving higher prices is the
10:05
primary mechanism to restore equilibrium, right?
10:09
Because supply and demand will dictate that in an increasingly
10:13
fragile market, a delicate market, a sensitive market, the
10:17
silver market guys, as so. So never going to get to the
10:21
four key points. Before we do that, I want to
10:24
make a key point with you. We got to remember, right, Hey,
10:28
look, I'm a sensitive guy. You can ask upstairs, Susie.
10:30
So I'm not putting down silver when I say that the silver
10:34
market is sensitive. It's fragile.
10:37
It's a delicate flower. We love it, right?
10:40
But it's, it's, it's in a very, very precarious situation right
10:45
now where the supply and demand dynamics could have major
10:49
impacts going forward. I know, right?
10:52
203 hundred $500 silver seems outrageous.
10:56
Outrageous, but given the fundamental factors that are
10:59
driving what's going on, that's really not out of the question.
11:02
Let's go see what Vince Lancey had to say, because I think he
11:05
put together the best summary of all.
11:08
Let's get to his four key points from the Silver Institute's
11:13
annual Silver Silver Survey #1 structural deficit regime.
11:20
Silver entering a multi year shortage, six straight years
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with inventory steadily declining and no return to
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equilibrium Insight supply cannot catch up.
11:32
Modest mine growth and recycling are constrained by by product
11:37
dynamics and bottlenecks limiting the system's ability to
11:42
respond. There is going to be no new
11:45
major supplies of silver coming onto the market for a long, long
11:51
time. Nobody explored for silver, and
11:53
very few people developed new silver mines over the last
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decade plus #3 demand is shifting, not falling.
12:02
OK, that's a big story. Oh, you know silver are solar
12:06
panels. I always call them silver
12:08
panels. Solar panels silver anyway.
12:11
Solar panels, right? The amount of silver being
12:14
demanded is going down, and it has to take down a little bit,
12:17
but the trend is still up. But he also brings up the point
12:20
that industrial softness is being replaced by strong
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investment demand. Coins, bars, ETS, and I'll
12:28
include future tokenization of silver.
12:32
Tightening the physical market further #4 the only resolution
12:36
is price with supply and elastic, right?
12:40
Again, like the video we just watched and inventories
12:43
shrinking, the imbalance clears through high and more volatile
12:49
prices. We got to be ready absolutely
12:52
for more volatile prices. But let's shift over and have a
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a look at a chart that's going to make us feel real good about
12:59
silver from the Silver Wolf. Silver update from the Silver
13:06
Wolf as of yesterday, Friday, April 17th, Perfect breakout of
13:11
the white line. You'll see that in one second
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retested and bounced hard right. The white line has now flipped
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and is strong support. We are clearing toward $100 and
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a new all time high very soon. The bottom is in the structure
13:29
is extreme and strong. OK, this is the chart that he's
13:33
talking about. This, of course, is the is the
13:37
wedge that was a bad wedge. Hold on, we'll try that again.
13:41
That right there is the wedge pattern right that that started
13:45
up here at the top back on January what 28th, 27th that we
13:49
broke out of. But what he's talking about is
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the white line that I don't need to draw.
13:54
You can see it there. That's the bottom of that wedge
13:57
pattern that has now created support, right?
14:01
We broke out of the wedge, but now have also gotten to a point
14:06
where that is providing support as we move forward.
14:10
And he likes to say that we're heading way up here, guys,
14:13
right? You know, if you figure this is
14:16
kind of the 100 range right here, that we could be heading
14:20
right back in that very, very direction.
14:23
Hey, I want to say thank you to channel sponsor First Mint.
14:26
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14:30
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We get a lot of great comments about First Mint, but this one
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Thanks for the tip. Yeah guys.
15:23
Oh, and don't forget they do have a discount code VIPRB that
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you can use as well. What about manipulation?
15:33
Do we have proof right that the silver spent, We've got proof
15:36
that goes back for decades and decades, But TF Metals brought
15:40
up something on Friday that was very interesting, that happened
15:44
in the silver market and here it is.
15:48
TF Metals report says the May 26th that's the futures contract
15:53
silver straight down into the COMEX close with the NYSE
15:58
monthly option expiration looming in 2.5 hours.
16:02
Look at this guy's all right, Look at the I mean, this is what
16:05
happens in the silver market. We were sitting right up here at
16:09
8250 and literally in the matter of what, 18 minutes, right?
16:15
You see this is 18 minutes from about 12 O 7 to about 12-25.
16:22
You see that huge red candle and then look at this one right
16:26
here. OK, they do it.
16:29
How do they do it? You get, you ask this question
16:31
all the time and if you don't know, they do it with spoofing.
16:36
They create fake sell orders and flood the market with fake sell
16:41
orders and and that scares people.
16:45
They see all these fake sell orders come in for silver and
16:48
they're usually at prices that are higher where the current
16:51
market is. But it scares people who are
16:54
holding real silver contracts into selling like, Oh my gosh,
16:58
everybody's trying to sell. Everybody's trying to sell and
17:01
they knock that price down, right?
17:03
It's called spoofing. It's been proven.
17:05
I don't have proof that that's what happened there on Friday.
17:08
I'm not saying that. I'm just speculating that in the
17:11
past, right, there had been convictions in courts of law
17:16
that proved that certain players in the silver market were guilty
17:20
of spoofing. So, you know, you can make of
17:24
that chart what you will. I know what I think, but I guess
17:27
I'll leave that to myself. Are we ready?
17:29
Is it 1972? Are you ready?
17:32
I've got proof that we could be in for an incredible run in the
17:37
gold market and it'll be the silver market and of course the
17:41
miners. Is it 1972 right now?
17:45
I'll show you why I think it is and, and, and, and hold on here.
17:51
Here's a chart that came from Crescat Capital, OK.
17:55
This is the entire 1970, the 1980 bull market for gold miners
18:01
versus the S&P. So that yellow line that you're
18:05
looking at, those are the gold miners.
18:07
Look, the gold miners are going to be very similar to the gold,
18:11
gold price and also the silver price, because during that
18:15
period starts here at 1969 all the way through 19791980, the
18:21
gold price and the silver price absolutely skyrocketed.
18:24
What I can tell you and why I think we're in 1972 right now,
18:30
I've had a portfolio of gold mining stocks for years and
18:34
years and years. And it's very interesting that
18:37
when I look at a chart of My Portfolio, it is almost over the
18:42
last two years, it's almost identical to what you see here
18:46
kind of meandered along, right are are started down here, went
18:50
up, meandered along, went down, went up, went down, went up,
18:54
went back down and is now just starting to head back up.
18:59
We are literally right, right here on that chart.
19:03
But there's no guarantees. But but there's a big secret
19:07
factor that makes that time period up.
19:11
Did I pull up the right screen? Hold on here.
19:15
Hold on here. Yep, Yep.
19:17
Oh, shoot. I think I had the wrong screen
19:19
up. Guys, I apologize.
19:21
That's what I was trying to show you.
19:23
Darn it. Hold on.
19:24
I'll do that again really quickly upstairs.
19:27
Susie's not here. There is 197019691972 and
19:33
there's 1979. That yellow line is, is the
19:36
gold, are the gold stocks during that period.
19:39
And I'm telling you what I just showed is that overall, it's
19:44
super similar to that period right here.
19:46
But the secret factor that I promised you, and again, I'm
19:50
sorry I forgot to share the right screen.
19:52
I'm by myself today so please bear with me and I'm a one man
19:57
band on top of that. But nonetheless, the other big
20:01
thing that makes this period so similar to the 1970s is.
20:07
Two things. Stagflation, A stagnant economy,
20:11
which we have right now with inflation, which we have right
20:15
now and people are saying is going to get much, much worse.
20:18
And on top of that, a major oil crisis in the world.
20:23
Now maybe in the United States we are feeling it, but the rest
20:26
of the world is really feeling it.
20:28
In the world, economies are so interconnected, OK, and in the
20:33
1970s, right? The price of silver, just as an
20:36
example went from under $1.50 an ounce all the way to $50 per oz.
20:43
So don't think for a second that we can't be in for that same
20:47
type ride right now, right. We're probably at that same
20:51
similar period where in the 70s where silver went from $1.50 to
20:55
maybe 5 or $6 per oz. I believe undoubtedly we are
21:00
early. Are we in, are we in an exact
21:03
same position is the 1970s? No, because guess guess what?
21:07
But wait, there's more. There's good news.
21:09
The conditions are even worse right now.
21:12
In the 1970s, they didn't have the out of control debt levels
21:17
like we have now. OK, they could.
21:19
They could fight stagflation. You probably heard of the guy,
21:23
Paul Volcker. He came in, he raised interest
21:26
rates to like 18%. Well, guess what?
21:29
Butter cups. Guess what, there's no chance in
21:34
in the world that they can raise interest rates to 10 percent,
21:38
15% this time around because the national debt has ballooned
21:43
almost a $40 trillion. If they just as an example, very
21:48
easy to understand, if they raised interest rates to 10%,
21:53
very easy, right? And we have 40 trillion in debt,
21:56
right, which we're going to have here probably in the matter of
21:59
months, that would mean 4 trillion per year in interest,
22:03
OK, Once everything was refinanced, right?
22:06
Again, I'm simplifying, if they raised interest rates to 15
22:09
anyway, 10%, 4 trillion, that's almost as much as the government
22:14
brings in, in total in tax revenue.
22:17
They can't raise rates, they can't fight inflation.
22:19
And as inflation goes higher and higher, right, and higher in
22:24
interest rates, even let's say inflation goes to 12% and they
22:28
said we're going to raise interest rates to 8%, doesn't
22:32
matter, right? Because to calculate the real
22:35
interest rate, which is what ultimately drives the price of
22:39
silver and gold, you deduct the inflation rate from the
22:44
prevailing interest rate, right? So, yeah, everybody, I'm making
22:47
8% at the bank on my CD's, my money market, whatever the
22:51
interest rates at 8%. If the inflation rates 12%, you
22:56
subtract that, you still have a -4 you have deeply negative real
23:01
interest rates. That's why everybody who keeps
23:04
saying, oh, the Fed's going to have to raise rates and that's
23:06
going to be bad. No, it doesn't matter.
23:08
Doesn't if the Fed raises rates this year by 1% but inflation
23:14
goes up by 4%, OK, That's very, very good.
23:19
It doesn't it, doesn't it? Because that makes real interest
23:22
rates that much more negative, OK.
23:26
And on top of that, those inflation rate numbers that
23:29
they're giving us are a bunch of bunk anyway.
23:31
So hang on, we're in good shape. Now let's talk.
23:34
I got some crazy next. We're going to incredible mind
23:38
numbing data, OK, about precious metals and proof that India and
23:44
China and Asia control the gold and silver markets right now, no
23:50
doubt about it. I do want to say thank you to
23:53
Brixton Metals for sponsoring Ron's Basement Canadian metals
23:57
exploration company. They've got big projects right
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24:09
You can learn more about them at brixtonmetals.com and our
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friends at First Mining Gold. Canadian gold development stage
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company with two massive gold development stage projects in
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Canada, right? The best place to have it at
24:25
this point, jurisdiction becoming so important.
24:29
But both their spring pull project and their Du Parquet
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project have millions of Oz in the ground.
24:35
They're working through the development phase.
24:38
It's a very exciting story. You can learn more about them at
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firstmininggold.com. Now let's talk about some
24:45
incredible data. I had no idea that it was this
24:48
extreme when it comes to gold, and we're talking about gold,
24:52
we're talking about silver as well.
24:53
This comes from Kobesi letter. Global gold demand is being
24:57
primarily driven by emerging markets.
25:02
Wait till you anyway. Emerging markets have accounted
25:05
for 70% of world gold demand and I would imagine silver is
25:11
probably even higher. Over the last 10 years, Greater
25:17
China alone made-up almost 30% of global demand, and that's the
25:24
largest portion of any region, followed by India at 20%.
25:29
OK, you add those together, India and China, you're talking
25:32
about 48% of global gold demand, probably, probably even higher
25:39
for silver. Let's look at the map down here,
25:42
and the part on the left is what we want to focus on.
25:45
This shows us in no uncertain terms, right?
25:48
Here's China, here's India, OK, that that's almost 50%.
25:54
Southeast Asia another 10%. That's 60% go down to South
26:00
America, That's 70%, right? Europe and in the Middle East,
26:04
the Middle East, another 7%. North America, right, is at 11
26:10
percent. The key take away here guys is
26:13
that Look, North America only accounts for 10% of the world's
26:19
gold demand, probably even lower when it comes to silver.
26:24
But wait, there's more because when we just talk about gold,
26:28
this absolutely blew me away. I dug in.
26:31
I want to share this with you. The amount of gold held by India
26:37
and China, just their households, OK?
26:39
Estimates for household gold holdings as of early 2026,
26:44
Indian households hold approximately 25,000 to 35,000
26:50
tons. OK, Chinese households roughly
26:54
31,000 tons. So we'll say combined what kind
26:58
of average? That is 60,000 tons of gold held
27:02
by India and Chinese households. That doesn't count what their
27:08
governments and their central banks own.
27:10
OK, 60 trying. Now consider this.
27:13
The world, OK, the world in total, there's only 220,000
27:19
metric tons. That means that Chinese and
27:22
Indian households combined hold roughly 1/3 of the world's gold.
27:29
And again, we're not, we're not compared.
27:31
We're not even including what the governments and their
27:35
central banks have on top of that.
27:37
When you consider the combined uh oh, I lost you.
27:42
Hopefully you guys can still see me and hear me.
27:44
I need, I need upstairs, Susie to help me.
27:47
Where are you, Susie? I need you.
27:49
OK. 60,000 metric tons of gold held by Chinese and Indian
27:54
households. Compare that to supposedly
27:57
everybody makes such a big deal about all the gold in Fort Knox
28:01
that supposedly is in Fort Knox. That's 8000 tons, OK, 8000 tons
28:07
compared to 60,000 tons that Chinese and Indian households.
28:12
That doesn't include the rest of Asia in that number.
28:15
That doesn't include what the government's own guys.
28:19
Look, all right, And we saw what the purchases were for the last
28:22
10 years. That is undeniable proof in my
28:27
opinion, which I know is right, that that the United States
28:32
doesn't really control the gold price and for that matter the
28:35
silver price anymore. Think about the Shanghai Gold
28:38
Exchange. I saw on Friday the premium for,
28:42
for, for silver, physical silver, I think it was like
28:45
almost $13 per oz that the Chinese, like they're big
28:49
exchange, physical exchange was paying at least 10.
28:53
It's been 10 forever, right? But like $12.00 per oz more for
28:58
silver. Those countries are now
29:01
controlling the precious metals market.
29:04
I know it's hard. It's hard for even me to
29:06
comprehend. We're so used to the thinking,
29:08
oh, the United States. Well, no, no, right.
29:12
And on top of that, consider that with China and India,
29:17
right, these metals are ingrained into their cultures.
29:22
OK. I talked to Chinese people all
29:24
the time. I got a little job I do at
29:26
night. I talked to people from I talked
29:28
to a lady from China earlier last week and she was asking me
29:32
all about silver, right? And I'm like, well, you know,
29:34
you're trying. She's like, oh, yeah, Chinese,
29:36
like all my friends, everybody loves gold.
29:39
And I talked Indian talked to ask somebody from India or who
29:44
even who grew up in the United States, but and ask them about
29:48
their parents and their, I mean, gold and silver are part of
29:51
these cultures, right? That doesn't even consider that
29:55
doesn't even consider that both of those countries are also have
29:59
ravenous demand for the metals for industrial purposes as well.
30:04
It's absolutely crazy. What about Brazil we never
30:07
talked about remember the bricks.
30:10
Oh my gosh, remember the bricks. Do you remember who the five
30:13
bricks countries are? Brazil, Russia, India, China and
30:19
South Africa. That was the biggest story
30:22
going. The bricks are going to take
30:24
over there. We're going to start a gold back
30:25
currency. All this D dollarization,
30:29
debasement, trade, big, big deal.
30:32
Well, what about Brazil? We got some news out of Brazil.
30:36
Hello Brazil. Hold on here.
30:39
Here we go from Armstrong economics.
30:43
Brazil is quietly shifting away from the dollar to gold.
30:47
This was on Friday reported the Banco Centro do Brazil, which is
30:54
their central bank, has raised gold's share of of their
30:57
reserves from 3 1/2% to over 7% in just one year, effectively
31:06
doubling its exposure in making gold their second largest
31:11
reserve asset after the US dollar.
31:14
So now even Brazil is moving away from the dollar, right, and
31:20
more toward gold. Now the dollar is still their
31:22
biggest reserve asset. But we also know remember,
31:26
right, it just happened. It just happened that right now
31:31
in aggregate, in total, right, the world central banks hold
31:35
more gold than they do U.S. dollars, U.S.
31:39
Treasuries, however you want to say it.
31:41
OK. And that it had not been the
31:44
case since, like what, the early 1970s?
31:47
These those, those trends don't move fast and they don't stop.
31:52
So we're likely going to see even more of a move toward gold.
31:57
And what's good for gold is good for silver.
32:02
I've never felt more confident right that and when we look out
32:06
five years, 10 years from now that we are going to have higher
32:11
and higher values and prices, four precious metals.
32:17
Will there be volatility? Absolutely.
32:20
Guys, you've got to accept that we got to it's part of the deal.
32:24
You got to develop elephant skin, which is kind of silver
32:27
colored by the way, but nonetheless, right to daily ups
32:31
and downs. Yes, depending on what happens.
32:33
I mean, heck, since we've been live, the Straits of Hormuz
32:36
could have been reopened and reclosed, right?
32:38
That's the big thing that's been the war, that's been the noise.
32:42
There's going to be short term noise, no doubt about it.
32:46
But when we take a step back, right, and we look at the big
32:50
picture, what's going on with China, what's going on with
32:53
India, what's going on geopolitically in the world,
32:57
what's going on with D dollarization?
33:02
That was over. That was like a dirty word 3
33:05
years ago. We would talk about it down
33:07
here. We talked about debasement.
33:09
We joked around the basement, the D basement trade.
33:14
Now it's accepted general terminology used by even
33:19
mainstream media outlets, right? You've got geopolitical strife
33:24
in the world. And here's the big thing to
33:26
remember when there's geopolitical strife in the world
33:30
and we've got it like most all of us had never seen during our
33:34
lifetimes. Most of us don't remember World
33:37
War 2 at this point, right? World War 2, right, was kind of
33:40
a similar worldwide situation to what we're having now.
33:44
When there's geopolitical strife, countries don't trust
33:48
each other countries. And when countries don't trust
33:50
each other, guess what? They don't trust each other's
33:54
currencies as much. So what do they do?
33:58
They go right to what's been trusted and what's independent,
34:03
right? Doesn't have a counterparty
34:05
right for thousands of years. They go to gold and silver.
34:09
Now layer on top of that the absolute fact, right, that right
34:15
now from a fiscal perspective, from a debt perspective, that's
34:19
a fancy way to say fiscal, the financial condition of the
34:23
world, the financial condition of the United States.
34:26
But it's not just the United States, it's the whole world.
34:28
There's never been more debt, right?
34:31
Make believe, right? Every time that not now that the
34:35
United States racks up some more debt, it's basically like
34:38
printing. It's like it's like devaluing
34:41
the US dollar and we know right when you look, you don't have to
34:45
be Albert Eisenhower, right or have a degree in mathematics
34:50
from MIT right to understand that our debt is only going one
34:55
way. It's going higher and higher and
34:57
higher. Scott percent like to say, oh,
34:59
well, we can have an incredible growth and doesn't really
35:03
doesn't matter, right. The debt has become such a
35:07
powerful force. Oh, what's that term?
35:10
We just learned it. I'm, I apologize.
35:14
Fiscal dominance right now, that's the new one that that's
35:18
what we're talking about right now.
35:21
The other people will be talking about in a year or two.
35:24
They call it fiscal dominance, which sounds like like a good
35:28
thing for a country to say. I've got fiscal dominance, but
35:31
no, it's a bad thing. It means when the financial
35:35
situation of the country starts to dominate, what they can do
35:40
from a monetary perspective like we talked about earlier, right?
35:45
The debt is so big right now that wash the new guy, right?
35:51
We're going to get rid of Jerome Powell here soon, Wash.
35:55
He can't raise interest rates to 15% like Paul Volcker did.
36:00
It's impossible because of fiscal dominance.
36:03
You got to put it all together. Look at the big picture.
36:07
Think about five years from now. I know we all like to think
36:10
about 5 hours, 5 days, whatever, but the reality is when we look
36:15
at five years from now, a man, I look, I could be wrong, but I
36:21
know I'm not on that one. Like we are headed toward an
36:25
environment, wow, like that, like we looked at earlier with
36:29
the 1970s where I think that. And again, always be
36:33
responsible. Do your own research, make up
36:36
your own mind. I'm not a financial advisor, but
36:39
I think there's a real bright future ahead for silver and
36:42
gold. Hey, I appreciate you joining us
36:44
down here in the basement today. Really, you're important.
36:47
We call ourselves basement dwellers.
36:50
We'd love it if you came back. It's absolutely free to
36:55
subscribe to the channel. Give the video a thumbs up.
36:58
Leave a comment in the comments section.
37:00
You do not have to agree with me, right?
37:03
All we ask is that we're respectful toward each other,
37:06
but we can learn a lot from each other.
37:08
Take care of yourself. And I'll see you.
37:11
Yeah, you. I'll see you next time.
37:13
Bye. Bye.