Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ⭐SILVER Price⭐ You'll Be SHOCKED by THIS! 🦍🦍 - (Gold Price Too)

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⭐SILVER Price⭐ You'll Be SHOCKED by THIS! 🦍🦍 - (Gold Price Too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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$550 silver. But first, I have a little
0:05
confession to make. Maybe I owe you an apology.
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Before I came on the live stream this morning, I was talking to
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Susie and she's like, Oh my gosh, $550 silver.
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People are going to be upset. People are going to say you're a
0:18
silver pumper. And it really kind of disturbed
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me, really, because I love Susie more than anything in the world
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and always seek her approval. But I understand.
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Yesterday I had a thumbnail. Let me show you today's
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thumbnail. I'll pull this one up that says
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$550 silver. And you know what?
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Hey, it's not easy to build those big bonfires behind me and
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take these pictures. But more importantly, I
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absolutely believe that we will see $550 silver.
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I also understand that it sounds very astounding and I understand
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that some people are going to say, oh, it's click bait.
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Oh, no, I have charts that will show you, right, that we could
1:00
have right now, $550 silver, actually make a confession.
1:05
You want to know the truth? The chart we're going to look at
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is going to show that we could have silver as high as $1100 per
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oz based upon real, factual historical data where we are
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right now, basement dwellers. And it's a big deal.
1:21
You're here. And by the way, I want to
1:22
reiterate, I love Susie silver. Susie more than anything in the
1:25
world. That's my lovely wife.
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And she's an integral part of this channel.
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And I understand, right? I understand people think it's
1:32
crazy, but I know from looking at the data that silver is the
1:37
most undervalued asset in the history of the world.
1:42
And I'm not the only person who says that.
1:44
So let's dig in, let's get started.
1:46
Let's go on this journey together.
1:48
You can leave comments, you can send me emails.
1:51
You don't have to agree with me. No one does.
1:54
And of course, it's a big deal when you do join us here in the
1:57
basement. I see you right now.
1:59
Yes, you, you're a basement dweller when you're here, you're
2:03
part of the group. You're always welcome.
2:05
Please subscribe to the channel, give this a thumbs up.
2:08
It helps get the word out to more people and super chats and
2:10
super thanks are always super appreciated.
2:14
And I see a comment that says what will $550 silver buy?
2:19
I'll talk about that as well. So what what prompted this?
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I want to pull up a chart for you guys.
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What prompted this $550 silver was a tweet from this gentleman.
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I think his name is Gratty. Yes, Gratty.
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He says this ratio shows how undervalued silver really is
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versus the tech sector. The NDX.
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Now, guys, the NDX is the NASDAQ 100.
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That's the 100 largest tech companies in the United States.
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And this is going to blow you away.
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Now when Silver's on the move, it is a historical asset
3:00
paradigm shift in the making. And we've talked about that.
3:05
We we saw the paradigm shift shift shift start back in
3:10
December. We're in the paradigm shift
3:13
right now. These market opportunities only
3:16
come around maybe twice in a lifetime, happening now, not
3:21
later. Do not miss it.
3:23
Look, that's his input. I happen to agree with it.
3:26
You make your own decisions, do your own due diligence.
3:30
But let's take a look at this chart.
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So again, this show, it's a ratio that shows how much an
3:36
ounce of silver cost versus the NDX, the NASDAQ 100, it's a 43
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year chart. OK.
3:44
So to get this number, which is over here over on the right hand
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side, I don't think you Oh yeah, you can probably see my little
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arrow over on the right hand side.
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You take the $31.00 silver price and divide it by the NASDAQ 100
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index, which is at 19,800. That's the total value of the
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100 largest companies on the NASDAQ 100 and you come way down
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here, look way down in the lower right hand corner .0016.
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So that's where we are right here on the chart.
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OK, 2024, if you look at it on a long term basis that that ratio,
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right, that .0016 has been much, much higher.
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We're talking about the mid 80s guys.
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It was as high as .055, OK. And then look how it went down
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as the as the tech stocks went up duringthe.com bubble.
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But then it went back up and we got to the 2011 silver high.
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But since then, it has been destroyed all the way down to
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get back to where we were just back in the mid 1980s.
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To get back to this .005, that would be more than a 30 times
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increase in the silver price to make that.
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And I've got another another some data I want to pull up here
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to show you how I came to 550. But to get all the way up here,
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right, the silver price would actually have to go to $1100 per
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oz. If you divide $1100 silver price
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by a NASDAQ 100 index in DX of 20,000, you come to this level.
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So if if if the NASDAQ were to stay where it is right at that
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level 20,000, the silver price would need to go up to $1100 per
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oz just to get back to where this ratio was.
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And look at this. Does this look familiar to you?
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Hold on, I'm going to draw here for just one second.
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Let's do a different color so it shows up.
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How about green? OK, that'll work.
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OK, Do you see this? See, I'm following my green
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line. It goes like that and then goes
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like that. What does that look like to you?
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I know you might have a dirty mind.
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I'm going to say it looks like a butt and we like big butts and
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that's a big butt, right? And that shows us how just how
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high that silver price could go. That's historical real data.
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Now I get attacked, right, $550 silver.
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Should I change, should I change the thumbnail to $1100 silver?
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I don't do that everyday. I don't put out, you know what,
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I have the data to back it up and I'm really, you should be
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mad at me. The thumbnail should say $1100
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silver. Let me pull this up for you.
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I want to share this with you and hold on one second.
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Where did I go? Oh, here it is.
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Sorry, wrong thing. OK, I need to change that to
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$1100 silver. Let's go here.
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Wrong way. Let's go back.
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OK. This is what we just talked
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about, but you might want to take a screenshot of this or
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come back to it later. At the current silver price
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divided by the NDX NASDAQ 100, we're at .0016.
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In the 80s, we got as high as .055.
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What the second option, the middle option shows is if the
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NASDAQ 100 were to drop by 50%, so drop down to 10,000, the NDX
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10,000 in silver. So the NASDAQ drops and silver
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goes up to $550 per oz. We also get back to that recent
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high. That's real.
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Those are real numbers from the 80s guys.
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This is how high this ratio was. OK, it's real.
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That's the $550 silver. That's why I made that thumbnail
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silver at a if if, if the NASDAQ, the bottom example, if
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the NDX of the NASDAQ were to stay where it was, silver would
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have to go to $1100 per oz to get to the .055.
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And again, to get that ratio, all you do is divide the silver
8:04
price. In this instance, $1100 /
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20,000, is that ratio? So is it really that crazy?
8:14
Is it really that out of the out of the case?
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And one of you brought up a great point in the comments, OK,
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what silver going to buy at $550 per oz, it's going to buy a
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whole whole lot. OK, listen, this is critical for
8:30
you to understand because it's one of the components that
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you'll have to deal with when we do see skyrocketing gold and
8:38
silver prices. But we'll focus on silver.
8:40
If silver does indeed go to $550 per oz priced in paper, you know
8:47
this stuff. It's time for its daily visit.
8:49
Hi everybody. I'm a paper dollar, right?
8:51
Priced in paper money If if silver does go to $550, it's not
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going to buy the same thing that $550 buys today.
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Let's say right now you could buy what let's say 3 grocery
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carts half full of groceries, 3 carts with 550.
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If silver goes, when silver goes to $550, you're likely not going
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to be able to buy 3 carts of groceries.
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But, but, but you'll still likely right with that, with
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that one ounce of silver. Well, yeah, with that one ounce
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of silver, maybe you can buy a whole grocery cart full.
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Does that make sense? The relative value, the real
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value that not only it's it, it not only will the silver price
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likely skyrocket, right? But in real terms, it may buy
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two or three times as much as it did or four times or five times
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in real value. Another way to look at that is
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let's say right now an ounce of silver, we'll buy you 10 gallons
10:01
of gasoline, right? If we get to a $550 per oz
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silver price, at that point, maybe that one ounce of silver,
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instead of just buying 10 gallons of gasoline, we'll buy
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you 30 or 40 or maybe even 50, the real value of that one ounce
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of silver. And I know you got more than
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that. Basement dwellers I think will
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go up and will go up in in a crazy level.
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The other thing we need to briefly touch on is and I've got
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a video I need to put out where I talk about my silver mining
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stocks that I own. I own a whole stable of
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development stage junior silver mining stocks.
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Most of these they're not they are exploring, but most of them
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already know they have massive, I mean 10s or even some cases
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hundreds of millions of Oz of silver in the ground.
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Those silver mining stocks could explode.
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Sure, their expenses will go up OK, but if we get the $550
11:00
silver, Katie are the door because the the silver mining
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stocks, the the seniors, but I think in particular the juniors,
11:08
the developers could could see really crazy, crazy explosive
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growth. Now I have breaking news for
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you, breaking big, big news. It's about silver.
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And then we're going to shift over a little more to gold.
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But massive breaking news coming out just here in the last few
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days. And I've not heard anyone else
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talking about this. I was on a road trip to Denver.
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Don't ever fly. But massive news regarding
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what's going on right now in the silver market.
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And this, this just completely blew me away.
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Hold on, let's go back to this quickly.
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Look at that. There's the big butt, the big
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the big butt chart pattern on the hold on here.
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Get rid of that. OK, I want to go down.
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There were a couple really great interesting comments underneath
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this. Jamie Carrasco.
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I met this guy in person. He's like a famous banker up in
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Canada. He says silver is my favorite
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asset because it hasn't inflated in 40 years as of as of when it
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finally does, it'll unleash the biggest multi generational
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wealth. OK, hold on.
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Let's see if he's got a chart. No, he doesn't.
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This guy, I met him one year ago, he's, he's one of the
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smartest guys in the room. OK, I met him up in Toronto and
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listen, when he talks, he actually was the one who, who
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was the 1st to tell me about how the how, how they're converting
12:50
oil. So, you know, China's buying oil
12:54
basically for gold because they can buy oil pay in Chinese yuan,
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and then these foreign countries are able to immediately convert
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the yuan back into gold. Very interesting.
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The one thing I don't like about Twitter is like, things change.
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Oh boy, there it is, silver versus the NDX.
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All right, let's go on to the next big story.
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Guys, sit down, silver investors.
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This is absolutely crazy. Breaking news out of India.
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They just imported 45,000,000 ounces of silver.
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Not in the whole year, 'cause we know they already had imported
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like 200 million. I don't know, it's insane.
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OK, no, not 40 million oz over the year.
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They imported 45,000,000 ounces of silver in the month of August
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alone. This is a 540 million oz
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annualized. OK, 12 * 45 should come up to
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540, right? Is that right?
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Hold on a second, 12 * 45, that's 480.
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Yes, 540 million. He was right or 65% of the
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global silver mining supply, which is 830 million oz guys
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realize then look at this picture probably nothing.
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They also imported 5 million ounces of gold.
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They that's next we'll get to that.
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This is insane. Look at this picture, India
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August silver imports are at a rate of 65% of annual mining
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supply. I want you to think about this.
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Think about every silver mine in the world right now, every
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silver mine, and think about every ounce of silver that's
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being produced at those silver mines.
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And let me back up and say this one thing.
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We that, that the, the reason I want to bring this up is because
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#1 there's a human side to this. And #2 it's something that we
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just forget about #1 there are thousands, maybe a million
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people around the world working their tails off in what is
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probably one of the most difficult industries to work in,
15:14
the silver mining industry. Deep in the ground, some of them
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deep, deep. Because most of the silver now
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is only the easy silver's gone. The silver that's near the
15:23
surface is, is gone. So a lot of these miners, I
15:26
mean, they're hundreds and hundreds, I think in some cases
15:29
thousands of meters underground. All of that silver that's being
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produced over the course of the whole year.
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Just think about that. The other reason I want to bring
15:40
that up is for us to remember and our good friend, Bald Guy
15:44
Money brought this up and here's Coin Shop Chris.
15:47
You can check him out at Coin Shop Chris YouTube.
15:49
There's an ounce of silver, right?
15:51
All that work that goes in, energy is stored, value is
15:56
stored. That never goes away in that
15:59
ounce of silver. OK.
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But to bring this back to India, right, all those ounces of
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silver, every silver mine in the world pumping out silver, right,
16:11
very difficult to find the country of India, right, right.
16:15
Based on their last, if it was annualized what they what they
16:19
imported in August, they would be, they would be taking two out
16:24
of every three of those ounces of silver.
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OK, let me see if I can. Here.
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I'll do this visually for you. Here.
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Hold on, hold on. Who doesn't like to see some
16:33
silver? In this hand, I have an American
16:36
Silver Eagle. In this hand, I have a silver
16:39
round that came from Coin Shop Chris.
16:41
From Coin Shop Chris YouTube channel.
16:42
In this hand, I have a silver round.
16:45
I'll show the Indian today From moderator Big 10, the
16:48
silvershire. In this hand.
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I have all three of those ounces of silver.
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If that was all the silver that was ever produced this year in
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the world by all that hard work, by all those miners, OK, that's
17:02
all the silver in the world. The amount of silver that India
17:07
imported in August, if you annualize it, they take that
17:13
much. This is India share.
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This is what's left for the rest of the world.
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I mean, it's it's astounding, guys.
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It is absolutely astounding. Are you ready to be stunned
17:27
because it's not just silver that the precious metals capital
17:31
of the world is doing crazy things with right now because it
17:35
does get even. It gets even crazier.
17:39
Wow, we're having a good crazy time.
17:40
Thank you for being here. Please don't forget, give this a
17:42
thumbs up. Subscribe to the channel and
17:44
super whatever they're called. Donations are always super
17:47
appreciated. Let's go let's go because we got
17:50
more absolute crazy news, but let's finish up on this and then
17:55
you're going to need to take a few deep breaths, OK it's just
18:00
crazy what's unfolding here. I wanted to read this.
18:04
This is from make gold great again. 96% of silver mined has
18:11
been used. Guys, we 96% of the silver
18:16
that's ever been mined is bye bye gone, right?
18:19
Gold has the vast the vast majority of gold is in a vault.
18:24
The one to seven mining ratio versus gold is down from 16 to
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one. That means for each one ounce of
18:32
gold that's dug up out of the ground every year, there's 7
18:35
ounces of silver. And might I remind you that for
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each seven of those oz, the country of India, if you
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annualize their August imports would be taking 2/3.
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What's 2/3 of seven? That's a tough one, like 4.54
18:55
point 5 out of seven oz, OK, that's down.
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That ratio is down. Not long ago, we were pulling
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out 16 ounces of silver for each one ounce of gold, the most used
19:05
in most is used in industry. It's going to get interesting
19:08
indeed when one turns out to be rarer than the other, meaning
19:12
and there are some people who are saying right now, guys right
19:17
now that there's actually less above ground silver in the world
19:22
than there is gold. OK, wow, think about where we
19:27
are heading in the silver market.
19:29
We got 650 basement. Thank you for joining me in the
19:34
basement. I do see you.
19:35
You do matter. Please leave a comment in the
19:38
comments section. We read all of them.
19:40
It helps us get a feel for for we're in together right in the
19:44
comments section together, right.
19:46
We can learn from each other and go much, much further.
19:48
It's a big deal. You're here.
19:50
You're always welcome in the basement.
19:51
Now let's move on. Because if you thought, if you
19:56
thought that silver news out of India was incredulous.
20:01
Wait till you hear about gold. I mean, India, India, 1.4
20:06
billion people, four times the population, whatever, the United
20:10
States. Let's go out to this, OK?
20:17
This comes from Mike Mahari. I'm going to talk about this
20:19
article more tomorrow because it's in depth and I didn't have
20:22
time to do a complete analysis, but the highlight India reports
20:28
record gold imports in August record gold imports in August
20:39
India in yellow reported record third time's a charm gold
20:43
imports in August after the country slashed its import duty
20:47
the month before. In purple, India ranks as the
20:50
world's second largest gold consumer behind China.
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And I won't refute that that that fact, however however I
20:58
think it's important for us to realize that as basement
21:02
dwellers, if you agree with your fellow basement dwellers, India
21:07
is the precious metals capital of the world.
21:09
And I'm going to tell you the reason why here in just a
21:11
second. India reported in yellow record
21:14
gold imports in dollar terms totaling 10 billion in August.
21:18
It's over a three fold increase over the previous month.
21:22
The World Gold Council estimates the country imported only 140
21:28
tons of gold. That's nothing to you.
21:31
I know you got that much in your basement.
21:33
Tripling July's total so far in 2024, which for those of you who
21:40
are aging like me, I'll remind you that's the current year
21:43
Indian gold imports are up 30% record and imports are up 30%.
21:51
OK, a lot of this has to do. It does have to do with them
21:54
slashing the import duty. But nonetheless, this is big
21:58
news evidencing strong investor interest in gold.
22:02
Oh, ETFs, Indian ETFs continue to report inflows of metal.
22:09
According to the World Gold Council estimates, India based
22:13
funds experienced their highest monthly.
22:15
Somebody's texting me here. Hold on a second.
22:19
OK, so my daughter telling me she's going to the grocery
22:21
store, I apologize. India, my kids are #1 Susie's
22:25
not here. So when Susie's not here, she
22:27
can't be helping me on the live stream.
22:29
And I'm a single dad. And you're probably like me,
22:32
right? Your family, your kids are #1 I
22:35
apologize for the interruption. India based funds experience the
22:38
highest monthly inflows of gold on record.
22:42
Wait a minute, hold on a minute, let's repeat that last sentence.
22:47
India based funds experienced the highest monthly inflows of
22:53
gold on record in August of 2024 so far.
23:00
Gold ETFs. Oh my gosh, guys.
23:03
Oh, wait, wait, wait, wait, wait.
23:04
Let's go back. Well, let's go here.
23:05
Let's look at each other. Record gold, record gold,
23:10
physical gold purchases in India, record ETF inflows in
23:15
India. What does that tell us?
23:18
We're not even going to go down the path.
23:19
But guess what? I got to go down that path.
23:21
I got to go down this path because it's a good path for us
23:24
to go down together. Basement dwellers, we're seeing
23:27
ETF inflows in the West. I bet September is going to be
23:31
unbelievable. We've not that that is the
23:34
secret weapon for gold and silver Western ETF in flows.
23:39
We know India record, record, record physical gold, record
23:44
gold ETFs, record silver. They're they're on, they're on
23:50
path, on track to take 2/3 of the world silver.
23:52
This is getting crazy. Can you believe this?
23:57
The old gold bear, he can't believe it.
23:59
Can you believe it? And, and now and now we know
24:03
this is the secret. I shared this with you a couple
24:06
days ago. For those of you who weren't
24:08
here, there's a little secret. It came from Phil Streibel at
24:10
Blue Line Futures. He talked about in his daily
24:13
video that he does right. And that is here's a little
24:17
secret, because the Western Gold and Silver ETF fine is the
24:21
secret weapon that will propel the silver and gold price to
24:25
these areas that we can't even fathom, OK?
24:28
We can't even fathom. Even that guy, Jeff Christian
24:31
from CPM Group is saying this, that, that, that, that that
24:34
investor demand is what will propel the silver and gold
24:38
prices. Thank you all Over 700 people.
24:40
This is nearing record territory. 700 basement
24:43
dwellers. We're running out of room down
24:44
here. Everybody suck your gut.
24:48
And guys, guys, OK, CPM Group said investor demand and that
24:53
guy's very conservative and I like him, OK.
24:56
But he's saying over the next, what, 18 months, silver prices
24:59
higher. Back to Phil Streibel.
25:02
This is big for ETF's because it is the when, when money really
25:06
starts coming back in to the Western ETFs.
25:09
We are going to buckle up, buttercup.
25:12
Yeah, you, I see you. Buckle up because it's going to
25:15
really propel the price higher. What Phil said is that if you
25:19
analyze the data over the years, OK, Westerners don't start
25:25
buying the precious metal ETFs until one month, One month, I
25:30
like to say month, month after the Fed lowers rates.
25:35
That would mean the 30 days from now, roughly, let's say 26 days,
25:39
that's when the Western investors are really gonna
25:41
start, come in. And it continues to build for
25:44
about 6 months or continues for six months.
25:47
That's a big deal. But we know India, right?
25:50
Oh, they're only taking in at the August rate.
25:53
They're they'd only, they took in two out of every 3 ounces of
25:56
silver that was produced in the world in August.
26:00
They bought a record amount of gold.
26:02
They have a record amount going into the ETS.
26:04
And let's go finish up Mike Mihari from Money Metals.
26:07
What a great article. I'm going to probably cover it
26:09
in more depth, but I think there was one more thing, one more
26:12
little, one more little piece of good, one more little.
26:14
Oh, there it is. The yellow means gold nugget.
26:19
Do you know any Indian people? I know a lot of Indian people.
26:23
They're smart, they're successful.
26:25
They absolutely love gold and silver.
26:30
You know, I tell you what, so do Chinese people.
26:32
I have a little job in the evening that I do.
26:34
It's like I can walk there from my house and I get to talk to a
26:37
lot of doctors and lawyers and really like intelligence,
26:42
intelligence, smart people from all over the world.
26:44
Anyway, one of the parents who's there, this guy, his name is
26:48
Chin. I have to remember it now.
26:49
He's a PhD, does medical research at I mean, he's smart,
26:53
OK? And he grew up in China.
26:55
He only came here recently. I asked him the other day.
26:57
I said, Chin, we're talking. And he he loves me, you know,
27:00
and he probably makes fun of my accent.
27:02
I make fun of his accent. We're buddies, you know, he's
27:06
like Juan and I and I asked him, I said, Chen, I said, is our
27:10
goal that this this is I got a lookie in the eye for this one?
27:12
Hold on. I said, Chen.
27:15
We were talking about whatever, what were we talking about?
27:18
I don't know, the weather, whatever stupid stuff.
27:20
Anyway, I said, is our gold and silver really that important in,
27:24
in, in the China and Chinese culture?
27:27
And I'm going to tell you exactly what he said, OK?
27:30
This is this is exactly what he said he said he said Ron he said
27:34
he said gold and silver are real.
27:37
He said bank, money bank nothing right.
27:39
He said real estate nothing. And he's like in China cuz he's
27:43
still I mean he just moved here a little while ago and he has
27:46
all family of in China. He said they build apartments
27:50
and they empty, right? Real estate down right, No
27:53
banks. We don't trust paper money pay.
27:55
I forgot how he said it, but paper money, right?
27:58
And then he said and stock market down.
27:59
He's like gold. Real, real.
28:02
I'm like, I know Chad, I love you man.
28:05
And I didn't hug him, but maybe I see him once a week.
28:07
Maybe next week I'll hug him because it's real.
28:09
Let's get back to India. I apologize that I will swear on
28:13
anything is an absolute, 100% real true story, just like the
28:18
real true story that I shared with you earlier in this live
28:21
stream video that I know in my heart Silver is gonna go to 500.
28:26
I know it's gonna happen, OK? It's gonna happen.
28:30
Wait till wait till we're on Pendex's home page and where it
28:34
says silver there, they're going to have to hire a really fancy
28:37
web developer because they're going to have to add another
28:39
digit next to the the three so they can write $550 silver.
28:45
OK, let's get back to India. Gosh, Indians have historically
28:50
had an affinity. This is the gold.
28:52
That's the gold nugget there. OK, let's get back to it.
28:55
There it is. And Indians have historically
28:57
had an affinity for gold. Indian households own an
29:02
estimated 25,000 tons of gold. Need I remind you, my fellow
29:09
basement dwellers, that 25,000 tons of gold is more than three
29:14
times what the United States of America supposedly has at fart
29:22
knocks? Because we're not allowed to.
29:24
Oh, Susie just texted me. She's at her mom's house, taking
29:27
care of her elderly mother. 244 likes.
29:29
I'll ring the cowbell in a second. 25,000 tons of gold is
29:33
more than 3 * 3 times what Fort Knox we have supposedly and they
29:38
won't let us audit it because it belongs to us.
29:40
I mean, why wouldn't they? Why?
29:41
I mean why would they let us check and see that it's really
29:44
there? My fellow Americans, most a lot
29:46
of you are from America. I mean, they'd be kind of like
29:51
if you bought gold from one of these, these cable news network.
29:56
Oh, boy, everybody's texting me now hold on a second.
29:59
Cable news network. And they put it in a vault and
30:01
you're like, well, I want to go check it and see it.
30:03
Oh, you can't do that, buttercup.
30:05
You just have to believe. Just believe that it's there,
30:09
OK? Just believe that it's there.
30:11
I got to look you in the eye again, right?
30:13
Why? Why think about this 7-8 hundred
30:16
of you, right? It's getting crowded here in the
30:18
basement. Everybody come on, suck your
30:20
guts in. Hey, look, Where'd it go?
30:24
It keeps flying away. This.
30:26
It just floats around my basement.
30:28
We're just supposed to believe. Just believe.
30:31
Believe that this has value. I'm going to hypnotize you, OK?
30:37
This has value. Believe me.
30:40
Believe this. OK?
30:43
Just believe. Believe that there's 8000 metric
30:47
tons of gold in Fort Knox. Hey, I volunteer.
30:49
I'm on the record. Will you guys please support me?
30:52
Will you become part of a movement with me?
30:54
I volunteer to go to Fort Knox and do a live stream from the
31:00
vault with the 8000 metric tons of gold.
31:04
OK, If they're willing to do it, I'm happy to go.
31:07
And I'm sure you'd like to watch it, right?
31:09
Because I think that we deserve to know that it's there.
31:12
This is the longest Indian article I've ever done.
31:16
This is the last sentence. I promise you this is a gold
31:20
nugget. Indians have historically had an
31:24
affinity for gold. Indian households own an
31:26
estimated 25,000 tons of gold. We covered that exhaustively.
31:30
And this is what's this. This is this is where you're you
31:36
pucker up. And that likely understates the
31:40
amount given that the large black of given the large black
31:45
market in the country. So the Oh my gosh, we love you
31:52
India. We really do Hold on here.
31:55
There we are Now we're back. We love you India, right.
31:59
Officially, Indian households have 25,000 metric tons.
32:03
The reality is it's probably actually much higher.
32:07
OK, we got to go. We, we're going to let's, we got
32:09
more to talk about. We're going to look at the
32:11
charts of silver and gold and you know, since we're like chart
32:14
experts, we're going to figure out where, where the prices are
32:16
going, ha ha. But before I do that, let's go
32:21
out here. I need to say thank you.
32:23
This is not possible, right? I can't squeeze all 800 of us
32:26
down here without the support of our channel sponsor, our
32:28
sponsor, Pembex. And I call him our sponsor
32:33
because undoubtedly due to what I've received, which is
32:36
overwhelm over, I've been overwhelmed with positive
32:41
feedback from the basement dweller community.
32:45
We feel so good. That's why they're our sponsor.
32:47
I actually learned about Pinbacks from basement dwellers.
32:51
I've never heard of the company. It was like a year and a half
32:53
ago, but like check out Pinbacks, check out.
32:55
I'm like, OK, I'll check out Pinbacks.
32:57
And I did just like I encourage you to do, right?
32:59
I dug in, I read reviews on the company.
33:02
I thought, why does everybody love this company so much?
33:05
And then I looked at their prices and I realized, wow,
33:08
everybody trusts this company and their prices are like, guys,
33:13
really seriously. If you're shopping for precious
33:15
metals online, compare prices, OK?
33:18
I think what you'll find is if you give Pen Backs a shot, when
33:22
you get your package in the mail from Pen Backs, it will, for the
33:25
same amount of money you could spend at some of the other big
33:28
online bullion dealers, your package from pinbacks will weigh
33:31
just a little bit more, maybe depending on how much you spend,
33:35
3 or 4 or 5 oz higher. You know, I'm not talking BS
33:40
like these, these big IRA conversion company companies
33:44
that advertise on Fox News all the time that say we'll give you
33:48
15,003 ounces of silver if you convert, you know, a half
33:52
million. No, there's no such thing as
33:54
free silver. You can get a little more silver
33:57
if you get a little better price and that's what you'll get at
34:00
Pembex. Thank you, Pembex for sponsoring
34:02
Ron's basement guys. And if you ever decide to
34:04
convert all or part of an IRAI won't give you the whole speech,
34:09
but look at me because this is important.
34:11
If you ever decide to convert part of an IRA, be careful, OK,
34:17
Compare, shop around. Compare how many ounces of
34:20
silver or gold you're going to get from your different options.
34:22
How many actual ounces of silver and gold, OK.
34:26
And please throw pin backs into the mix.
34:27
I think you'll be shocked if you compare them to some of these
34:30
other big highly advertised by I'm the high paid celebrity
34:35
spokesman. I did.
34:38
I'm not a famous ex NFL quarterback like some of these
34:41
big conversion companies have IRA converter.
34:44
So but trust me, I think you'll be happy if you give the pen
34:48
backs a shot. OK, Whoa, whoa, whoa.
34:51
Just when you thought it couldn't get any crazier, I mean
34:55
crazier. Here's the deal guys.
34:58
This is this is very important and I'm going to explain to you
35:01
the reason why when the gold stock, the big gold mining
35:05
stocks and the big silver mining stocks, when all in the whole
35:08
sector, the developers explores, when they take off, OK, they
35:13
really move. There's an opportunity to make
35:16
unbelievable returns in that sector.
35:19
That's number one. I'm going to and I'm going to
35:21
show you the reason why that could happen and why the charts
35:25
again show us it could. I'm talking like 4 * 6 * 10
35:29
times. OK, The other critical thing and
35:32
why it's so important to look at what's going on with the mining
35:35
sector, even if you don't own mining stocks.
35:39
Which is fine. I do, right?
35:44
We got 300. We got 300.
35:46
Hold on. The other reason.
35:47
Thank you, Susie. The other reason why it's so
35:49
important. That's Susie.
35:50
She's like taking care of her elderly mother and taking care
35:54
of us. Thank you, Susie.
35:56
Thank you also to the other moderators.
35:58
Jake from Jake's Custom Parts, right?
36:01
He's a pretty famous guy in the silver and gold community.
36:03
Big 10, the Silvershire and our friend Annie Oakley.
36:06
Thank you, guys. OK.
36:08
The other reason why it's so important is because when those
36:13
stocks do take off in the Wall Street Journal, in CNBS and
36:18
Yahoo Finance, maybe even the the children's news network,
36:23
CNN, start to talk about what's going on in the gold and silver
36:27
mining sector. That's going to bring more
36:29
attention to the precious metals mine.
36:31
Now I'm going to show you some charts that are going to explain
36:34
to you in no uncertain terms what's going on.
36:37
But first, really what's most important is our community.
36:40
And we've got a couple traditions, one of which is when
36:42
we get the 200 thumbs up, likes whatever that thing's called,
36:46
right, dummy? Right.
36:48
We rang the cowbell and Jake really loves this.
36:50
So I haven't lost any sponsors yet.
36:58
Over the cowbell. People said you're going to lose
37:00
your sponsors. No, we love that.
37:02
Right? That's gold and silver.
37:04
Are you a gold and silver enthusiast?
37:05
Yes, you are. Do you love cowbells?
37:08
Well, maybe, maybe not. But nonetheless, that's why we
37:11
ring the bell. Let's talk about what's going on
37:13
in the gold market, the gold mining stock market.
37:16
And again, I already explained to you why that is so important.
37:20
Let's see here. Where'd it go?
37:28
Nope. Nope.
37:28
Nope, Nope. Nope.
37:29
OK, Here we go. Let's go back here.
37:33
Here we go. Basement dwellers.
37:35
We're on a little field trip. That's that.
37:37
Five that should. I got to fix that later, $1100
37:40
silver. We're going to look at that
37:42
tomorrow. OK, Wrong way.
37:48
And I'm calling myself knucklehead.
37:49
By the way, this guy's. Come on.
37:53
What's going on here? We seem to have frozen.
37:55
Here we go. All right, you're going to learn
37:59
something today. Up in the upper left hand
38:01
corner, you can see the Hui. That's the Huey index.
38:06
That's like the NASDAQ index, the S&P 500 index, the Huey
38:10
index, I forget what the acronym stands for, but what it
38:13
represents are the 15 or 16 biggest gold mining companies in
38:18
the world. It's the, it's the combined
38:21
value of their, of one share of stock.
38:23
I believe in each one of those companies.
38:25
But basically it's the, it's the, it's the 15 or 16 biggest
38:28
gold mining companies. And these are gold mining
38:31
companies that aren't hedged or they're not hedged past I think
38:34
18 months, meaning they don't have futures contracts where
38:38
they're locked in their their their stocks where they're
38:42
locked in. Let me slow down to be able to
38:44
sell their gold at a certain price.
38:46
So their stocks are are are subject to and will be impacted
38:50
by the price of gold. OK, this is the Huey to the to
38:54
the Dow Jones average index. Again this is like we looked at
38:58
earlier. This takes that Hui the gold
39:02
miners index and divides it by the Dow Jones industrial
39:06
average. As you can see over here on the
39:08
lower right corner right now we are at .008 point 0079.
39:15
OK, I lied a little bit, but none the less that is lower, the
39:19
lower that the ratio goes, that means the cheaper the gold
39:24
mining stocks are relative to the Dow Jones Industrial
39:28
Average. If we go back just to 2011 guys,
39:32
OK, we can see over here that that ratio was a pretty was
39:38
what, a .05? OK, to get to that level, OK,
39:45
just to get back to that level, the gold mining stocks, these
39:49
are the big gold mining stocks. These are like probably Newmont
39:52
and Barrick and whatever. I don't know, I could look it
39:55
up, but you if you're interested, you can look it up
39:57
for yourself. Anyway, they would have to go up
40:00
6X, not 6%. Not 6 percent. 6 * 600% OK, So
40:09
in in this is already in an environment, OK, It would have
40:13
to go up to here. This was 2012 just to get back
40:16
to there. They would have to double just
40:18
to get back to where they were like 2015, 2021 OK in this guy's
40:25
I want you to think about this. This is in an environment where
40:28
right now we have $2600 gold. These gold mining companies are
40:34
printing money, printing money, OK.
40:39
And what's more astounding about it is that the silver mining
40:44
companies have not performed nearly as well as those
40:48
statistics for silver mining companies are even more
40:51
astounding. But what's even crazier is if
40:54
you go down the food, food chain, let me just explain to
40:57
you how the gold mining and silver mining sector are set up.
41:00
You've got the big majors, the big, the big producers, OK, Then
41:05
you got like the mid tier producers, companies like
41:07
Fortuna mining channel sponsor, right?
41:10
They have active big mines in Latin America and West Africa.
41:15
You can learn more about them in the description.
41:17
That's the the link to the company website in the
41:19
description of this video. So you got the majors, the mid
41:22
tier companies. Then you've got some junior
41:25
developers, maybe companies with one mind that don't make that
41:28
much. But below them you have the
41:31
developers. Those are the companies that
41:33
have gold in the ground or in the the permitting process.
41:36
And below them you have the explorers that are like, hey,
41:39
give us millions of dollars and we're going to go drill some
41:42
holes and hopefully we find some gold.
41:44
The only part of the sector that's really moved are the
41:47
majors and the mid tier companies.
41:49
OK, that's and they haven't even moved.
41:51
That was the chart we looked at. They've already moved somewhat,
41:55
but they still just to get back to like levels they were at in
41:59
the last couple years could double from where they are.
42:02
And to get back to where they were in 2012, they would have to
42:04
go up six times in value. OK, those are the majors.
42:09
OK, you go down to the developers, the Explorers,
42:12
companies like First Mining Gold.
42:14
There's a whole slew of umm, channel sponsor.
42:16
They're a development stage company.
42:18
That whole sector is set up for potential massive capital
42:23
appreciation. OK, they've been beat to a pulp.
42:27
I'm not afraid to say it. It's, it's, it's the first
42:29
mining gold. All their pure companies almost,
42:32
unless a company had some crazy good thing happen, 99% of them,
42:37
they're valued. I mean, it's like you can buy,
42:40
you can buy silver development companies with silver in the
42:43
ground that's already been drilled, already been defined
42:46
for a dollar or two per oz. These gold mining companies, I
42:50
think first mining gold, it's definitely under $10 per ounce
42:54
of gold in the ground in Canada. But it's not like I said, it's
42:57
not just them, it's the whole sector.
42:59
That sector could. And I'm not giving financial
43:03
advice. I'm not a financial advisor.
43:05
I'm just sharing with you my truth, similar to the fact that
43:08
we could definitely get $550 silver.
43:11
I didn't say that one year from now.
43:13
Yesterday, I said that at the end of the third quarter, we're
43:16
going to have $90.00 silver. That's not the point of this.
43:19
The silver and gold mining stocks could move huge, OK,
43:23
massive, right? Do your own due diligence.
43:26
Realize, realize and honest engine.
43:28
I'm wrong, right? I know Peter Grand says the same
43:32
thing I was. I would have said the same thing
43:35
two years ago. I would have said the same thing
43:38
a year ago. And trust me, I eat my own
43:41
cooking. I have a lot of money in
43:43
precious metal mining stocks. They've gone down over the last
43:46
two years. I believe they have potential to
43:49
do really, really well, but there's no guarantee.
43:52
I know that I never personally put money into them that if it
43:56
didn't go bye bye would would would disrupt my lifestyle and
44:00
my family or anything like that. So just, you know, do your own
44:03
due diligence, make sure you know what you're doing, make
44:06
your own decisions. But man, there is room to run.
44:09
OK, let me read this. That will bring back, look, I'm
44:16
just going to give you a little history lesson, OK?
44:18
There have been periods of time, OK, in the last 20 years where
44:22
some of these, especially junior gold and silver mining sacks
44:25
have gone up 10X50X50 times in value.
44:29
OK, Not saying not making any predictions or anything like
44:33
that. When that happens though, or if
44:35
that happens, if that happens, I'll I will emphasize if that
44:40
will bring back massive amounts of attention to the silver and
44:46
gold sector. So we talked about some
44:48
technicals, what's going on. Let's go and take a look at the
44:51
silver and gold price. It's important for us.
44:53
Let's do a big update and look at the charts because we love
44:59
charts. We'll do gold first.
45:01
I don't know, I love Yahoo finance.
45:03
I may, I'm just maybe I'm a little bit older.
45:05
I'm 54 years old, but I'm just used to Yahoo finance and their
45:08
charts. Let's look at a one year chart
45:11
of gold and you know, let's do a five year chart on gold and go
45:16
out to the full screen. This is the futures market.
45:19
We're at 2647, man. OK, let me look out here.
45:24
Let's do Max for a second here. Wow.
45:28
OK, this goes back to 2001. So I'm going to point out a
45:31
couple things here and what we could be.
45:34
This is fun. This is going to be interesting.
45:38
OK #1 from 2001 through 2011, we had a bear market in the US
45:49
dollar. Remember this is right when,
45:53
right when hi there we go that from 2001 to 2011, that was
45:58
right after the tech bubble burst.
46:00
Remember what we talked about earlier with the silver price
46:03
and how the NASDAQ went down by 50% and if silver went up to
46:08
$550 per oz, right? This, that's what happened
46:13
during this period, right? The NASDAQ went down probably
46:16
more, the NNDX, the NASDAQ, and that propelled the gold and
46:20
silver price higher. The other interesting thing that
46:23
happened during this period was we had a bear market in the US
46:27
dollar, the US dollar index, right?
46:29
The prettiest turn in the toilet, the DXY index went into
46:34
a bear market territory, right? There's no reason why that
46:37
cannot happen again. Now if we just look during.
46:44
Let me draw a freehand here. Let's just bring this up one
46:47
more time. This is because it's so much
46:48
fun, right? From 2011 through 2021, we have
46:58
a big cup, right? And then don't forget here,
47:00
guys, we also had a handle. And this was the top of the cup.
47:08
I should have done a straight line, but you get the point.
47:10
So here's the cup, here's the handle, and we broke out.
47:14
Remember, look, let's be real, man, 8 months ago, we were
47:18
drawing this picture and we were down here in the handle, right
47:22
here we were. Hold on, let's see if this
47:29
works. Yeah, We were like down here,
47:31
remember, and we were saying this is a cup, this is a handle.
47:34
And if it breaks out, it could go way up here.
47:37
Well, guess what? Buttercup.
47:40
Buttercup and handle. It did break out.
47:45
There's not much more to say about gold.
47:47
I mean, it's on fire. Can it continue?
47:51
Can we get to 3000 by year end? Very, very, very, very possible.
47:57
Let's, let's shift our focus now over to silver and let me shift
48:05
our focus quickly before we go to silver.
48:07
Back to you, all 800 of you. You guys are awesome.
48:10
Now that we have, since we have 800 people at the end, I will
48:13
ring the golden gong because this is a big occasion we're in.
48:17
We're in unprecedented waters. And I'm going to show you now
48:19
the silver chart. You're going to understand even
48:22
more why we have a lot to look forward to in this market.
48:28
And they're silver. Who's that guy?
48:31
Alan Greenspan. Let's talk about him briefly.
48:33
Alan Greenspan's on record, right?
48:36
It's saying that gold is like the only form of real money.
48:40
He was that he was, he was the Jerome Powell of his day at one
48:43
point, still alive, still kicking.
48:45
And I don't know what he says about it now, but he's
48:48
definitely on record saying that gold is really the only form of
48:52
real money. After Alan Greenspan, we had Ben
48:55
Bernack, the king of Hill copter money, but we won't get into
48:58
that today. We'll talk more about that
49:00
tomorrow. Money printing and it's crazy.
49:04
I got some charts tomorrow, guys that are going to blow you away.
49:06
OK, here's silver. Let's go to the full screen.
49:11
Silver needs to stay above $30 per oz.
49:13
In the futures market. We're at $31.50.
49:17
OK, we can't see it, but let me just draw this because this is
49:23
critical for the silver price over here.
49:29
Back in 1980, OK, make believe, this is 1980, we had $50 silver.
49:36
We had this big cup that was formed OK, right through 2012,
49:42
little bit different than gold right now and this is not the
49:46
scale. We are in the handle, OK, we
49:49
will break out. This is like just what we were
49:51
saying about gold. We will break out of the cup and
49:56
handle when the silver price goes above that line, OK, which
50:03
is $50.00 and it would it it if it goes like gold, which, and by
50:07
the way, people say this cup and handle that almost looks like
50:10
the big butt pattern. I know you got a dirty mind.
50:13
You think it looks like something else.
50:15
But anyway, when it does break out, it'll go up, up, up, up and
50:21
away. Remember that?
50:22
Wasn't there a commercial like that?
50:24
Let's put a couple. I always like to finish off my
50:27
arrows with that. OK, that my friends is $100
50:32
silver, that my friends is $85 silver, that my friends is $550
50:39
silver or $1100 silver if you believe in my click bait titles.
50:44
All right, let's get rid of that.
50:45
Let's go to a two year chart cuz that oops, hold on here.
50:49
That always seems more interesting.
50:52
I mean, look at the two year chart of silver.
50:54
You can just see the upward trend in the silver price and
50:59
it's so critical that we stay. That's wrong.
51:03
Hold on here. Here we go.
51:05
We'll draw some lines. I mean, if we start down here
51:10
and just draw this line up, we are heading up, up, up in
51:15
silver. If we go to a one year chart
51:19
because I know a lot of people are talking about this as well.
51:24
Yeah, Look, OK, so this is a one year Wow.
51:28
I think we broke out guys, man, hold on here.
51:32
Let's take a look and let's draw some red lines.
51:35
There was a again, you can see a general upward trend in the
51:41
silver price. OK, but that's not what we're
51:44
here for. This is where the juice is,
51:46
right? We were we had this triangle
51:49
descent, you know, whatever they call it, triangle pattern, which
51:53
is a real powerful. Gosh, you could almost go all
51:56
the way back to here and draw this like this right.
52:02
So as the price consolidated within that, you know it's
52:06
either going to break out to the upside or down.
52:09
Well, guess what happened right? You can see here right here, it
52:14
broke out to the upside. So I'm still, let me finish my
52:19
arrow there. I'm still ultra bullish on the
52:23
silver price. The other big thing to remember
52:26
if you're a silver lover like I am and I know you are OK, why is
52:32
$30 is, is the critical level for silver And I'm going to
52:36
explain to you the reason why. OK, Look, if there's not many
52:42
people and silver's going to move fast, I could be wrong.
52:46
I wouldn't be shocked right if, if in a week or two or three
52:50
weeks, 4 weeks, we're talking about $38 silver because there
52:55
just aren't any people looking to sell silver right now.
52:59
And we're just starting to get interest in investor.
53:05
We, we, I got, we're in a very nice aquarium.
53:10
But guys, we are in an aquarium together because the fact that
53:13
you're here, you're we're in the basement together, it's a better
53:16
way to look at it. Forget the aquarium we all love.
53:19
It's like there's 800 of us, there's 800 of us together right
53:22
now. We love silver, we love gold.
53:25
We're like in an echo chamber. It's called Ron's basement,
53:28
right? The other 99% of people is they
53:30
start coming in. It is going to be talked about
53:33
this earlier, Jeff Christian talked about investor demand.
53:36
We talked about about the ETF and flows going up.
53:40
And now that's going to likely go crazy here about a month
53:43
after the interest rate hike when we get those more just a
53:48
few more people knocking on the I can hear them.
53:51
I can you hear them? Huh?
53:56
They're knocking on the basement door.
53:57
They want to come down here and join us.
53:59
But I'm telling you, we're at the limit.
54:01
OK, Don't leave. You might lose your seat.
54:03
There's only room for 800 of us. There's going to be like 8000
54:06
people lined up down the street saying I want to come, they want
54:09
to join us. It's going to be a day silver
54:13
shortage. And let me explain to you why we
54:17
could see a silver shortage, OK, The reason why it's real, why it
54:23
could become very real quickly. We'll go through the history of
54:26
silver shortages. Remember what happened during
54:29
the C19 crisis? You couldn't buy.
54:32
You couldn't. You'd waited weeks and weeks and
54:35
weeks, right? The the bullion dealers, online
54:38
bullion dealers were out of silver.
54:40
Your local. I remember, I remember going to
54:42
my local coin shop. They can all go there.
54:45
I walked in. They got, it's a big operation.
54:48
They don't sponsor me or anything.
54:50
I'm not, I'm not even going to say their name.
54:51
They got cases full of gold and silver.
54:55
Usually they probably right now, I don't know.
54:59
I go to Pembeck's now. I don't go there really, maybe
55:01
once a year. But when you walk in, it's cases
55:04
full of silver. It was all gone.
55:06
OK, OK. So silver shortage can be very,
55:10
very real. The other thing, we got to get
55:14
through our thick skulls. My mother used to always tell
55:17
me, I'm going to. You got to get this through your
55:18
thick skull. Apparently, guys, I have a thick
55:20
skull. The brain, I have a big head.
55:23
It's not because of a big brain, it's because I have a thick
55:26
skull. Nonetheless, I had this buddy in
55:27
college, Kenny Kagunga Lunga, and he called me Big Head Ron.
55:30
And then for the next 4 years I'd be walking around Chicago
55:34
and people say hey, Big head Ron, big head Ron.
55:37
Anyway, back to the story. Silver shortage gone, gone.
55:44
I'm almost knocked my coffee over.
55:46
By the way, let's all have a quick sip of coffee because he
55:54
did you say that I see you because here is why in no
55:58
uncertain terms. And I'm going to ring the golden
56:00
gong. Don't worry, things are
56:03
different now. Things really are different now.
56:06
Look, in the night 1980, I've talked, I've talked to some old
56:09
time coin shop guys. They were like when silver was
56:12
flying. It's like we'd come in, there'd
56:14
be a line of people or a big line of people trying to get
56:18
silver. We would have to like go to the
56:21
end of like, like after the first 100 people and say sorry,
56:24
you're not going to get in the shop today.
56:25
And we don't really have that much silver anyway.
56:28
Think about today how that's so much different.
56:30
Because today, if there's some type of event that sparks people
56:34
to wake up and try to get silver, they can go on these
56:38
things, right? I mean, literally guys, you
56:41
could go on that your phone right now, forget this, why do
56:45
you want to be here? And in the next 5 minutes you
56:48
could buy thousands of dollars worth of silver.
56:51
There's no more lining up at the local coin shop right now.
56:55
It's all done on the phones, the communication, right?
56:58
The instant ability to put an order in and wipe out the
57:02
silver. On top of that, the
57:04
communication news travels so much faster.
57:07
We will see, right? I believe another big, big, big
57:12
run on the silver and gold price.
57:14
Hey, I want to share something with you guys.
57:17
That's probably the most important, the most important
57:20
part of the basement, right? There's 800 of us down here
57:22
together right now, right? There really isn't much more
57:26
room. Are you having a hard time
57:27
breathing? Some people have recommended
57:31
that I maybe get a carbon monoxide detector for the
57:34
basement. But hey, I sit next to a
57:36
furnace. I don't mind a few fumes.
57:38
Nonetheless, what a big deal that you decided to be a part of
57:43
this community. Some of us, I'm not going to
57:45
call you anything. I will call you Buttercup.
57:47
And that's a term of endearment. But we're basement dwellers.
57:50
Thank you for being part of this.
57:52
On behalf of myself, Susie, the moderators, right?
57:56
Jake from Jake's Custom Parts, Big 10, the Silvershire and
58:00
Annie Oakley, we say thank you. OK?
58:02
We want you to come back. We want you to share your
58:05
thoughts in the comments section.
58:07
We don't. You can disagree with me all you
58:10
want, OK, that's fine. But what's important is that we
58:15
that we navigate these choppy things are really, really scary
58:20
out there elections wars bricks meeting coming up.
58:24
We need to stick together, but I need to do something very
58:27
symbolic and that is for all 800 of us that are on this live
58:31
stream this morning. Let's bring the golden gone and
58:34
no, this is not real gold. I don't keep any real metals
58:38
here at the house, but symbolic golden gong.
58:42
This came from Stu, our friend out in New Jersey.
58:45
I'm going to do, I'm going to do 3, three rings of the gongs.
58:49
I know we got at least 300 thumbs up.
58:52
Listen to it reverberate. All right guys, thank you so
59:03
much for being here. Please don't forget to support
59:06
our sponsors first mining gold Fortuna mining and our friends
59:10
at Pi MB EX pmbex.com. It's fun to say, right?
59:16
It's fun to spell, but it's even funner when you get a package in
59:20
the mail from PMBEX and for the same amount of money that you
59:23
would have spent at one of the other big, big, although PMBEX
59:26
is getting big, but big online bullion dealers, you get a
59:29
little extra weight in your package, if you know what I
59:31
mean. Have a great day.
59:33
OK, I'll see you guys soon. Thank you.