Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 SILVER UPDATE 🚨 Next 6 Months to be CRUCIAL -- (Middle East, Recession, Interest Rates)

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🚨 SILVER UPDATE 🚨 Next 6 Months to be CRUCIAL -- (Middle East, Recession, Interest Rates) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Gold and silver have been on an absolute tear for the last two
• 0:04
  weeks. Will it continue?
• 0:07
  Are we facing a potential silver shortage?
• 0:11
  And what are three key factors that we've identified that could
• 0:15
  be very supportive for the price of silver and gold going into
• 0:18
  the future? And do you want to get yourself
• 0:21
  a free 10 ounce bar of silver? And how about 3 sovereign coins
• 0:27
  on top of that? We're going to explain to you
• 0:29
  how you can do that just by being a savvy shopper.
• 0:33
  But we're going to do all of that with our esteemed guest,
• 0:37
  Mr. Coin Shop. Chris, welcome to Ron's
• 0:39
  Basement. Ron, it's always good to be back
• 0:41
  in the basement. I like to congratulate you on
• 0:43
  the trip to your first mind going up in Toronto there and
• 0:47
  and Quebec, Congratulations on that.
• 0:52
  Yeah, It's been an interesting couple weeks.
• 0:55
  It has. It has, yeah.
• 0:57
  And and real quickly on 1st Mining Gold, our sponsor here
• 1:00
  that makes this video possible, They actually have what I like
• 1:04
  to call a gold vault in the ground in Canada.
• 1:07
  They have 13 million ounces of gold in the ground in Canada.
• 1:12
  Development Stage company. Check them out.
• 1:15
  I think, Chris, you've talked to Paul Morris over at First Mining
• 1:18
  Gold once or twice, haven't you? I have Ron.
• 1:21
  He's a great guy. I mean.
• 1:23
  You know he, he, he really thinks the stocks be trading at
• 1:27
  four to five times. It is now.
• 1:29
  I mean it is what it is. Everybody you know, I've, I've
• 1:33
  owned this company for about a year now way before Ron first
• 1:37
  got sponsorship by them and I've and I've continued to accumulate
• 1:43
  more shares over the course of the year.
• 1:46
  So yes, I'm I'm really into this stock lawn.
• 1:49
  I mean, I'm not giving no financial advice, but it's
• 1:52
  something people really need to look into.
• 1:53
  Because to me, this stock is like your Willy Wonka Gold
• 1:58
  ticket bar, but you not open your bar yet.
• 2:01
  That's how I view this company. That's right.
• 2:04
  And we don't offer financial advice, but I will offer that I
• 2:07
  actually own a lot of the stock myself and I think in my
• 2:11
  opinion, it's an astounding value.
• 2:13
  We'll put Paul Morris's e-mail address in the description of
• 2:17
  this video, but would really help.
• 2:19
  First mining gold and would help all of us, all of our viewers as
• 2:23
  well is an even higher gold and silver price.
• 2:27
  Chris, do you think the price of silver and gold can continue
• 2:31
  their upward March as we head into the end of the year?
• 2:36
  Do I believe so? Yes, Ron.
• 2:37
  But I, as we all know, nobody has a crystal ball.
• 2:41
  Is looking good right now. But we could fall back just like
• 2:44
  we went up quick. The this is what I'm so afraid
• 2:48
  of running these fast up ticks. Then it's going to get pulled
• 2:51
  back again. We just don't want to see a fast
• 2:55
  up tick and then it falls falls off a Cliff again.
• 3:00
  Could it happen? Yes.
• 3:01
  I mean there's a lot of things going on in this world right
• 3:03
  now. You got two wards going on.
• 3:06
  I mean you know. Yeah, that.
• 3:08
  That's going to put more pressure on gold and serving the
• 3:10
  rest of the medals. Yeah you know maybe my
• 3:14
  prediction for Halloween for silver $28.00.
• 3:17
  I'm probably going to probably boot that down to their buy
• 3:19
  probably buy Thanksgiving now I think we could see you know did
• 3:22
  we get this uptrend going. I I think we could see $28.00
• 3:27
  silver by Thanksgiving now and gold.
• 3:30
  I I think we I think we could see an all new time high and I
• 3:35
  want to I wanna I wanna interject.
• 3:38
  I wanna interject something. OK.
• 3:40
  I know I overspoke you and I kind of apologize for that but I
• 3:44
  wanna interject something. We have a high gold price right
• 3:50
  now we are within you know I changed my, my, my indicator we
• 3:55
  were a stone's throw away from an all time high.
• 3:57
  Now with that's been changed to spitting distance OK.
• 4:00
  I mean really we are within what 5% of an all time high roughly
• 4:06
  in the gold price and the silver price hasn't performed quite as
• 4:10
  well, but it's doing OK. But but there's three things I
• 4:13
  want everyone to consider. All right, consider with with
• 4:17
  where this gold price is right now which is very high.
• 4:20
  Number one, we have a 10 year bond yield at 5% that is bad for
• 4:26
  the price of gold. That is a headwind for the price
• 4:28
  of gold. We have the DXY index at 106.
• 4:32
  That is bad. That is high.
• 4:34
  That is historically very high. That is bad for the price of
• 4:37
  gold. And we also have the fact that
• 4:39
  like it or not, no one cares about gold, whether by almost
• 4:44
  any, any metric that you want to use sentiment in the West, in
• 4:49
  the United States that is towards gold and silver is at a
• 4:53
  low. But I want you to consider the
• 4:56
  fact that silver and gold have achieved what they have in the
• 5:00
  face of those big headwinds. And if 1-2 or three, all three
• 5:05
  of those were to shift and become more favorable, if we get
• 5:09
  better sentiment, if the dollar were to drop, if bond yields
• 5:13
  come down when the Fed pivots right that, that we could be
• 5:17
  launching from a much higher base into record territory.
• 5:21
  How's that for some optimism, Chris?
• 5:23
  Well, this well, again, there's a lot of ifs in there on SO.
• 5:26
  I mean, you know, if this happens, if this, Yeah, I mean,
• 5:29
  it could. Well, no, I don't agree with you
• 5:33
  because it does happen. The bond.
• 5:35
  Bond yields don't go up forever. The dollar, the dollar's only
• 5:39
  been this high like 8 of the last, I don't know, 40-5 years
• 5:43
  or something like that. And sentiment does change.
• 5:46
  I'm not jumping down your throat.
• 5:47
  But these things do change, Chris.
• 5:49
  I know they're ifs. And you're you're correct.
• 5:50
  I'm sorry I threw a threw a virtual Ding Dong at you there,
• 5:54
  but go ahead. I apologize.
• 5:56
  Oh, never mind. I just do.
• 5:57
  I just threw a whole damn case at at you.
• 5:59
  So that's that's fine too. But no, I mean, you know, if
• 6:03
  we're on the right track again, can it hold?
• 6:06
  Who knows? I mean, you know, I am.
• 6:09
  I'm still stacking on, you know, I am dabbling a little bit into
• 6:14
  more graded coins. We will get that into a minute
• 6:17
  if you would like to, but you know I am, you know, I'm pretty
• 6:23
  well set for myself, I believe. For my stack, but I want to.
• 6:28
  I got reasons why I'm doing more grading coins, but what about
• 6:33
  what about this silver shortage that you're you were you were
• 6:37
  mentioning to me a potential silver shortage?
• 6:40
  Well, you know, a lot of people would jump down our thoughts
• 6:43
  about this one, but a couple weeks ago I did say about the 10
• 6:46
  ounce bars that I got wind of. There could be possible
• 6:50
  shortages and we are seeing that not if you go to your coin shop,
• 6:54
  you go to pin backs, you go to any online dealer, you're not
• 6:57
  going to see a lot of outs right now, Ron.
• 7:00
  The the problem is that we're seeing right now is we can get
• 7:03
  them. The shops have been inventory.
• 7:06
  Yes, your online Boeing dealers have inventory, but now the
• 7:10
  backlog is for them to get it back in stock is 2 to 3 weeks
• 7:14
  out. If people start getting more and
• 7:17
  more now and they don't have time to cost this two or three
• 7:20
  weeks, this is going to be the premiums are starting to go up a
• 7:23
  little bit like a dime 1520 cents on some items.
• 7:28
  The premiums are going up even though silver and gold are going
• 7:31
  up. The only thing that's really not
• 7:33
  seen a lot of premiums go up is on fraction of gold right now.
• 7:39
  Gotcha. Gotcha.
• 7:40
  Now you've been developing an interest.
• 7:43
  It used to be that you would always tell me I don't buy
• 7:46
  graded coins and I never have. I'm not a numismatic.
• 7:50
  I don't know anything about it. I buy rounds bars, you know,
• 7:54
  sovereign coins from sovereign Mets.
• 7:56
  But you you've developed, you wanted to share something with
• 7:58
  the audience about about graded coins.
• 8:01
  Well, you know, I, you know, the shop owner of that work for
• 8:04
  Ron's not big on graded coins. But I was talking to Jake and
• 8:09
  Jim, two of the other moderators and they made actually some good
• 8:13
  points. And you, you know the prices
• 8:16
  that we're getting them for right now on eBay especially.
• 8:20
  I'll just give you an example. In 2019 survey Eagles on they
• 8:25
  made that was one of the lower mintage.
• 8:27
  Yes, they made 14,863,500 Ms. 70 and the Red Book.
• 8:37
  They're listed for $7.00. I'm picking these up at 40.
• 8:40
  OK, that means nothing. What?
• 8:42
  That means nothing to me. What does MS-70 mean?
• 8:44
  Is that Mississippi 70? Is that?
• 8:46
  Did it come from the Mint in Mississippi?
• 8:49
  No, no, no, no MS-70 there. There are grading scales 1 to
• 8:54
  70. They have changed the grading
• 8:55
  scale on some of the coins like from overseas and stuff like
• 8:59
  that one to 7070 being the best. There's nothing wrong with that.
• 9:03
  It's flawless coin. Gotcha.
• 9:06
  Gotcha. So I'm picking these up right
• 9:09
  now for about 45 bucks. Not much, not much.
• 9:14
  Not much more than what the than what?
• 9:17
  When the premium skyrocket back back in March and April, what
• 9:20
  people were paying for? Just kind of, I won't say
• 9:22
  generic, but non graded American Silver Eagles.
• 9:25
  Right. And a step, a step down on
• 9:28
  MS-69, which is grayed down, they're going for, let's see,
• 9:32
  $55. I'm picking these up at 36.
• 9:38
  OK, I understand, I understand so.
• 9:40
  But but why is my question? What's the benefit?
• 9:45
  Is it because the prices? Because.
• 9:47
  Let's say everything goes to crap in the hand handbasket.
• 9:50
  Here the dollar collapses. We start trading silver.
• 9:55
  The person that you're trading is to to get your goods and
• 9:58
  services. Know that coin is real.
• 9:59
  There's no testing involved. It's graded.
• 10:02
  It's Labbed. Cost you a few dollars more.
• 10:06
  Is it worth it? I don't know.
• 10:09
  So you're you're saying you're saying that in a catastrophic
• 10:13
  scenario that you believe that the graded coins that are inside
• 10:18
  these plastic capsule encapsulated are going to are
• 10:23
  going to potentially hold more value because of the, I guess
• 10:29
  legitimacy that's attached to him?
• 10:31
  Well, let's let's just use the dollar collapses.
• 10:34
  OK, the dollar collapses and we are trading in serving gold.
• 10:37
  This is a far fetched theory, but let's just say it collapses.
• 10:41
  You have a 2019 ungraded server Eagle.
• 10:48
  I'm behind you with AMS 70 eagle.
• 10:52
  I have more potential convincing the guy to trade with me than
• 10:58
  trade with you. I mean you.
• 11:01
  Know, I mean at at at that time what what does it matter if what
• 11:04
  that eagle cost you? If it's about survival mode,
• 11:07
  yeah, it's about survival mode. Then it don't matter what it
• 11:10
  cost you. OK, OK.
• 11:12
  Yeah. Interesting.
• 11:13
  I I'm me personally. I'm not.
• 11:15
  I don't. I don't.
• 11:17
  And I understand, 'cause there's a huge market.
• 11:19
  I got this bread book down here that somebody gave me.
• 11:21
  With all the different prices on, I don't, I don't see the
• 11:26
  benefit, but I understand that some people do.
• 11:28
  And I'm not saying that I don't agree with it, but for me, I'd
• 11:32
  rather get more silver than buy. I think they're cool and I think
• 11:36
  from a collector and I have several, you know, they're
• 11:39
  great. But, and I do also see that
• 11:42
  right now, I guess you could say the premiums attached to them
• 11:47
  have dropped to a point where they apparently have become
• 11:50
  quite affordable. And you know, it's an
• 11:53
  interesting thing and I know there's a lot of viewers out
• 11:55
  there that don't agree with me that I don't necessarily see the
• 11:59
  huge benefit in it. But you know, that's why, that's
• 12:02
  why, you know, that's why we're a community.
• 12:04
  We don't. We don't always necessarily
• 12:06
  agree 100% on everything. And Ron, I'll be honest with
• 12:09
  you, I always like the same way as you.
• 12:11
  But you know, why not have a mix of everything that that's my
• 12:14
  theory, you know, right, right. The more mix you have, I'm
• 12:18
  saying put all your money into. Graded coins, I'm saying have a
• 12:23
  mix everything for you, you have a mix of in case of a scenario
• 12:27
  does break out and you know you have more options and trade.
• 12:32
  If we get here, we go with the FS again.
• 12:34
  If we get to that point. Yeah, yeah, yeah.
• 12:37
  I'm not banking on, you know, walking around with a pocket
• 12:40
  full of silver coins to buy food.
• 12:42
  It could happen. Don't get me wrong, you know,
• 12:44
  I'm, you know, zombie apocalypse or however you want to say it, I
• 12:48
  guess. I guess you know, my my
• 12:50
  diversification is, you know, maybe I have some Krugerrands,
• 12:53
  maybe I have some Philharmonic, some other things.
• 12:55
  So the shop's been busy. You've been you're seeing steady
• 13:00
  flow of people coming in to the coin shop.
• 13:03
  I wouldn't say as busy as like back in March steady it's
• 13:08
  picking up Ron. We're seeing some high end sales
• 13:11
  come through. You know their own is happy.
• 13:13
  So I mean. You know it's good, it's good to
• 13:15
  see. I am glad we did get some on,
• 13:18
  did get some on the dip here. You know that that's going to
• 13:21
  help us in the long run. But you know we are the stop is
• 13:26
  still buying as we're speaking you know on different items just
• 13:29
  to keep the inventory in is you know because it's going out a
• 13:32
  little bit faster than we're used to right now.
• 13:35
  Good. So good to hear robust, robust
• 13:37
  sales going on. What about if somebody wants to
• 13:41
  buy 100 ounce bar? Did you happen to maybe come up
• 13:45
  with a way that that if they do a little comparison shopping
• 13:50
  they could get 100 ounce bar and also get a free 10 ounce bar and
• 13:54
  three free sovereign coins? Well, Ron, I'm glad.
• 13:57
  I'm glad you brought this up because I am very happy this
• 14:00
  week. To say, you know, how would you
• 14:04
  like to say $362.17 on 100 ounce silver Canadian Royal Mint bar?
• 14:14
  Really. You know I mean so these these
• 14:16
  are the numbers Ron. So let me, let me let me
• 14:20
  clarify, let me clarify everybody.
• 14:21
  You're talking about the Royal Canadian Mint 100 Ounce Silver
• 14:26
  bar and you did some comparison shopping amongst the online
• 14:30
  bullion dealers and you did this.
• 14:33
  When was it last night? Friday night, October 20th?
• 14:38
  October 20th at 5:25 PM Ding Dong Ding Dong time.
• 14:45
  Ding Dong time, that's after supper, yes, at Max was at
• 14:49
  $2859.37. JM Bowling was at 2700. $45.00
• 15:00
  even BGASC was at 2640. Five $0.69 money metals was at
• 15:11
  2621 even SD Boeing was at 2523 O 7.
• 15:19
  That was from the websites directly.
• 15:21
  Then I go over to eBay Ron, you know I do a lot of eBay Liberty
• 15:26
  coin. Love the company?
• 15:28
  They were at 2530 four 57 DBS. Coins was at 2529 twenty Aiden
• 15:39
  coin was at 2630 O 7. Pinehurst was at 2580 seven 36.
• 15:50
  US sponsor Ron came in at $2497.20.
• 15:57
  So I took their price, Maya's Pembax's price $362.17 from the
• 16:05
  lowest to the highest. You took the low and the low and
• 16:08
  so the the highest and you subtracted the the lowest which
• 16:12
  was Pembax and you got 360 some odd dollars.
• 16:16
  Is that? Correct, 336217 And then you dug
• 16:20
  in to find out how much silver you could buy with that savings
• 16:24
  and that was? 13 more oz Ron So over at over
• 16:30
  your sponsor at pin backs thank you pin backs you.
• 16:33
  You can also get a 10 ounce Royal Can Canadian mint but they
• 16:37
  had them for two 6857 and I know you love your Cougar Rans Ron so
• 16:43
  I had to throw in some Cougar rans at this one.
• 16:45
  I Cougar Rans at right now at pin backs AT2723I tapped on
• 16:51
  38166 that brings that puller to 350. 26 So you minus that and
• 16:59
  from the highest to the lowest and you still have $11.91
• 17:04
  leftover you can get which which I know you took the words out of
• 17:09
  my mouth Ding Dongs are about. $0.35 each.
• 17:13
  That's almost 34 Ding Dongs. On top of it all, 10 ounces of
• 17:17
  silver, 3 Krugerrands, and 35 Ding Dong.
• 17:21
  You can stack Ding Dongs, are you?
• 17:22
  You're probably a Ding Dong Stacker too, aren't you, Chris?
• 17:25
  But you only do Ding Dongs. Well, the Ding Dongs go steel
• 17:28
  run, so I can't stack them too too far in advance.
• 17:31
  Do you? Do you Do you send your Ding
• 17:33
  Dongs in to get them graded? I don't think so, my friend.
• 17:39
  They're in a nice plastic container.
• 17:41
  They're encapsulated, right? Well, yeah, but they go steer
• 17:45
  after a while. All right, let's go to the 30
• 17:47
  day numbers you put together I. Just want to make one more
• 17:50
  point. I mean pin backs week after week
• 17:52
  run has the best prices. We we have to commend them for
• 17:57
  that. I don't know how, I do not know
• 18:00
  how they can be this low. I mean they're they're
• 18:03
  efficient. They're they're efficient
• 18:06
  they're smart and then that's part of their mission.
• 18:10
  If if you talk to them or if you you know, I I believe it's on
• 18:14
  their website as well as to get bullion in the hands of people
• 18:18
  the most they can get in the hands of people and the best way
• 18:21
  to do that is with the lowest premium.
• 18:23
  So you know it's not like it's they are always and that's what
• 18:26
  I said I like about them is I I feel like I trust them.
• 18:29
  I've had great experience with them and I don't have to spend
• 18:32
  all day shopping around comparing a bunch of prices and
• 18:36
  then and then doing research on a bunch of companies that I
• 18:40
  maybe have never heard of or never worked with before.
• 18:42
  I just like knowing that, you know, I can go to pin backs and
• 18:45
  trust I'm gonna get good service and a good price.
• 18:48
  So 30 day numbers. Before we get to that line, I
• 18:52
  just need everybody to tap the like, share this and subscribe.
• 18:55
  I appreciate that. Ryan appreciates that.
• 18:57
  It keeps growing happy. So the last 30 days.
• 19:03
  Silver is only down $0.29 Ron, or down 1.22%.
• 19:08
  Gold was up $25.10 or a gain of 1.28%.
• 19:15
  Platinum was down $38.80 or 4.12%.
• 19:22
  Bitcoin was actually up up quite well, up 2393 and 18 cents, or
• 19:29
  8.79%. And oil was down $1.35 a barrel
• 19:35
  or down 1.51%. So that's a little good news on
• 19:38
  oil right now, but I don't think that's going to stay down for
• 19:41
  long. Interesting, interesting and and
• 19:45
  I know you're happy to to see Bitcoin doing so well.
• 19:49
  Chris, that's one of your favorite past times is to follow
• 19:52
  Bitcoin, correct? Well, I don't have one red cent
• 19:56
  in Bitcoin, never will. I don't care if it goes to
• 19:58
  $100,000 a million dollars. Ain't gonna get my that's
• 20:01
  Unicorn front dust. Think about it.
• 20:04
  Think about it. Yeah, you think about it.
• 20:05
  You can use make believe paper money or electronic dollars Fiat
• 20:09
  money to buy make believe invisible Bitcoin.
• 20:14
  You know I'm not saying there's a lot of smart people that have
• 20:17
  believe in it that's great. I'm just in my opinion, I that
• 20:20
  just came to mind like hey, I can use my make believe paper
• 20:22
  dollars to convert into make believe electronic Bitcoin or
• 20:27
  other cryptocurrency. You know we'll see how it plays
• 20:30
  out. I I have AI have a out we'll end
• 20:32
  on this. I have a conspiracy theory.
• 20:36
  I I know Bitcoin just the other day was up.
• 20:38
  I don't know, like 10%. Just in the last few days some
• 20:41
  crazy amount you know, broke above $30,000 like all these big
• 20:45
  headlines, you know, and I still believe they're using
• 20:48
  potentially conspiracy theory potential.
• 20:51
  That that the powers that be are using because gold was really
• 20:56
  starting to go up. That they kind of use Bitcoin as
• 20:59
  a relief valve to to to get you know people to instead of
• 21:06
  instead of putting you know money into gold.
• 21:08
  People say, well bitcoins doing great, I'm I'll put money in
• 21:10
  Bitcoin. That they kind of use it as a
• 21:12
  way to keep the price of gold constrained to a certain degree.
• 21:17
  Again, I have no proof of that. That's just a notion that I
• 21:20
  have. But it just seems interesting to
• 21:23
  me that when we get these big moves and gold or setups for
• 21:26
  gold that Bitcoin also seems to just do great at the same time.
• 21:30
  Well Ron, you, you know, yes, I believe you might have something
• 21:34
  there. Again, we both have no proof of
• 21:38
  of it. You're absolutely right there,
• 21:40
  but it is seems to but remember, but you know it used to be
• 21:45
  Bitcoin moved with the stock market.
• 21:47
  Well, the stock market was down last week.
• 21:49
  So why is Bitcoin actually up? You know, you you make a good
• 21:54
  point, Ron. You know, I think that's what
• 21:57
  they're trying to do. It's if they don't want, you
• 22:00
  know, Canada and the United States don't want their people
• 22:04
  really their own gold or silver. They're trying to suppress as
• 22:07
  much as they can. And after, you know, it's it's
• 22:11
  going to end eventually. When?
• 22:13
  I don't know, you don't know, nobody knows.
• 22:17
  But I'm still stacking on. You're still stacking.
• 22:20
  I think most of your viewers are still stacking.
• 22:23
  And you know, we just take it, you know, and I and I, I always
• 22:27
  say run, I'll end with this. Run, don't stack.
• 22:32
  If you can't afford the stack, only get what you can afford to
• 22:35
  get at that time. Yeah, and dollar cost average in
• 22:39
  and don't you worry Mr. or misses viewer.
• 22:42
  Coin Shop Chris and Ron will be here with you every step of the
• 22:45
  way as we navigate these sometimes choppy waters within
• 22:49
  the precious metals industry. We'd like to thank Coin Shop
• 22:52
  Chris for joining us today. He does this out of the kindness
• 22:56
  of his heart, and Chris will look forward to seeing you next
• 22:59
  week. We'll see you next week, Ron.