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🚨 SILVER PRICE To Hit $45 🚨 -- Here's WHY · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Are we about to see $45.00 silver?
• 0:04
  Is there a big warning? I need to give you something
• 0:07
  that's going to happen this week, maybe tomorrow.
• 0:10
  That could have major impact on the silver price and the gold
• 0:14
  price, but let's go back to $45.00 silver.
• 0:17
  That sounds a lot more appetizing now, doesn't it?
• 0:20
  How is that going to happen? I'm going to show you one of the
• 0:24
  reasons with a chart here in just a few seconds, and then
• 0:29
  we're gonna talk about the other reasons.
• 0:31
  The fact that the synthetic Fiat make believe Unicorn fart dust
• 0:37
  world out there holds nothing when we compare it to silver.
• 0:41
  But let's jump into the charts right away.
• 0:43
  One of our viewers, Kelton has been very gracious in sharing
• 0:48
  these charts with me. Now we talk about this all the
• 0:50
  time, guys. The wedgie, right?
• 0:53
  Do you see, do you see when you look at this screen and you see
• 0:59
  what's going on in the silver price?
• 1:01
  Now this goes back to 2021. You see this line.
• 1:05
  I don't know if you can see my cursor.
• 1:06
  Hopefully you can, but there's a triangle that's a wedge.
• 1:10
  Do you see how when you go from left to right, the price of
• 1:13
  silver is being compressed into a wedge?
• 1:17
  It's like the cup and handle. It's a very predictable, very
• 1:20
  much followed chart pattern in silver.
• 1:24
  And right now as we sit kind of in this 2450 range and we're
• 1:28
  going to go check the silver price here in a second, we have
• 1:31
  the potential once it breaks out above that top line guys, then
• 1:36
  it is go time. What could happen and this is
• 1:39
  very exciting is that it could actually actually let's go over
• 1:44
  here. This is even a longer view of
• 1:47
  the wedgie that's being formed in silver.
• 1:49
  But once we break out above that 2526 range, then the next thing
• 1:55
  that we're going to have to be watching is, yeah, remember the
• 1:58
  old cup and handle pattern because one silver does get to
• 2:01
  $4550 per oz. Well then the cup and handle.
• 2:06
  So it's going to be a wedgie cup and handle double whammy that is
• 2:10
  going to propel the price of silver to $45 and then extra
• 2:15
  added bonus, we'll go from 4550 guys all the way up to $100,
• 2:23
  right? That's the cup and handle
• 2:24
  playing out. Now again, this is not a my
• 2:28
  opinion. I'm not giving financial advice,
• 2:30
  but a lot of the other smart people in the room are
• 2:34
  particularly looking at the cup and handle formation in silver.
• 2:39
  And beyond that, we know the fundamental reasons to love
• 2:42
  silver. OK.
• 2:44
  Hey, let's go check right now. I want to bring you out to hold
• 2:48
  on here. Sorry about that, guys.
• 2:50
  I want to go out to. Let's go check on the silver and
• 2:54
  gold price. What do you say real quick?
• 2:56
  We'll go out to pin bags. Oh, gold is up $3.63 as we
• 3:00
  record and silver is up eight cents.
• 3:04
  All right, That is awesome. OK, let's talk about the big
• 3:09
  warning. Warning, right.
• 3:11
  Tomorrow could be a crazy day in the precious metals market.
• 3:15
  You know how they like to smash down the price of gold?
• 3:19
  Smash down the price of the silver.
• 3:22
  Thank you Sean R for that super chat.
• 3:25
  Thank you. Super chats are always super
• 3:26
  appreciated, never super expected.
• 3:28
  But they're a nice pleasant surprise and they go a long way
• 3:31
  to help support the family none the less.
• 3:33
  You know, you guys, we've been through this before and who
• 3:37
  knows if we're done right. Are we at a point where the
• 3:40
  physical market for silver and gold are overwhelming the paper
• 3:44
  markets, or will they try another smash down?
• 3:48
  Can you believe we're almost at $2200 Gold Silver's performing
• 3:53
  well. All right, $24.50.
• 3:56
  We can't complain, but what are we going to hear tomorrow?
• 3:59
  Let me read this to you. I'm sorry.
• 4:01
  I have to be the bearer of potential scary news in the week
• 4:06
  ahead. Investors will face the final
• 4:09
  major test before the Federal Reserve in Jerome Powell, March
• 4:14
  20th. So that'll be like a week from
• 4:16
  Thursday week. From Wednesday, we'll hear from
• 4:19
  the Fed. That's not the scary news for
• 4:21
  tomorrow. The scary news for tomorrow is
• 4:24
  Consumer Price Index CPI inflation numbers will come out
• 4:29
  on Tuesday and offer an updated look at inflation.
• 4:33
  OK, we also get retail sales and consumer sentiment reports, but
• 4:37
  that'll be the big market mover tomorrow.
• 4:40
  Who knows? Are we at a point right when the
• 4:42
  silver and gold market are saying enough is enough?
• 4:46
  Are they calling monkey on the Fed?
• 4:48
  It feels that way, like people are the feds lose on a little
• 4:53
  bit of its sway. You know, they're kind of not as
• 4:57
  influential on the silver and gold price as maybe they were a
• 5:02
  year and a half two years ago. And when we talk about this all
• 5:06
  the time, right, the feds become more of APR firm.
• 5:09
  Is the market, or are gold and silver in particular, beginning
• 5:14
  to realize that the emperor has no clothes, that it's, you know,
• 5:17
  the man behind the curtain and that it's all somewhat of a
• 5:20
  facade, a mirage? We'll see, right.
• 5:23
  We don't know. We don't know for sure.
• 5:25
  But as the market and as the gold and silver market continue
• 5:29
  to wise up, right, maybe all this, Oh well, inflation numbers
• 5:33
  were high. That would be the narrative
• 5:34
  tomorrow. That would destroy silver and
• 5:37
  gold. If inflation numbers come out
• 5:39
  really high, then people will think, oh, the Fed's going to
• 5:42
  need to raise rates to fight and play blah blah blah.
• 5:44
  Well, I think the Fed's probably going to need to raise rates to
• 5:47
  fight inflation anyway. And what really matters to you?
• 5:50
  Silver and gold investors? Uh oh, hold on a minute.
• 5:56
  Oh, is that my hold on? Susie, Susie's texting me.
• 5:59
  Bear with me, guys, All right. Yo, that's Sean, my college
• 6:03
  roommate. Thank you, Sean, for the Super
• 6:07
  chat. My college roommates continue to
• 6:09
  support us. Is the market wise up wises up
• 6:13
  more and more. The gold and silver market.
• 6:16
  Right. The the the the the the Fed the
• 6:19
  kind of make believe numbers that they're putting out there,
• 6:22
  right. the Fed saying, oh, they know everybody's waiting for the
• 6:25
  Fed to lower rates, right. That's going to be great for
• 6:28
  silver and gold. Well guess what They've not
• 6:30
  lowered rates yet and silver and gold are doing really well.
• 6:33
  And the reality is guys, the reality.
• 6:35
  Here's the harsh truth that you need to understand.
• 6:39
  OK, the the, the system. Because of all the debt and
• 6:43
  everything going on, the system needs inflation and they need
• 6:47
  inflation to be higher than interest rates.
• 6:51
  Thank you Metal Sear for that super chat.
• 6:53
  That's the fact of the matter. And once we get recognition
• 6:57
  right, stagflation, stagnant economy with inflation, that
• 7:02
  inflation is going to be running higher than interest rates.
• 7:06
  That's negative real interest rates and that is additional
• 7:10
  support rocket fuel for the silver and gold price.
• 7:13
  We're going to get into more of that later, but let's talk about
• 7:15
  what's going on with our friends at Costco selling silver and
• 7:20
  gold. I'm going to bring up this
• 7:21
  article here because we're getting more and more mainstream
• 7:26
  media. This is from CNN.
• 7:28
  Yes. The Children's News Network is
• 7:31
  running a headline story about silver and gold at Costco.
• 7:36
  And they say something very they really, they really put us down,
• 7:39
  guys. They really give us a hold on
• 7:42
  here. There we go.
• 7:43
  OK, full screen. All right.
• 7:45
  Sorry about that. As I stumble my way through all
• 7:50
  this technology. Here's the headline from CNN
• 7:52
  Business, Costco Wholesale, why Costco is selling gold bars and
• 7:59
  silver coins. And they go through the whole
• 8:01
  litany, the whole list. There's one sentence in here
• 8:04
  that I found very interesting. OK, it says Costco is trying to
• 8:09
  replicate its recent success with gold bars.
• 8:11
  It began selling $2000 gold bars online in September and sold
• 8:15
  more than $100 million worth of bars in one three month period.
• 8:21
  1/4 OK, then it says this. This is where they start putting
• 8:25
  this down. They they're throwing some shade
• 8:27
  our way here. It's selling precious metals to
• 8:30
  try and reinforce its quote UN quote treasure hunt brand image
• 8:35
  where it Peppers at stores with unexpected limited time items to
• 8:39
  keep shoppers coming back. But this.
• 8:43
  But let's go down here further, OK?
• 8:47
  There's somewhere in here that says something very interesting.
• 8:52
  One of these days I'll learn how to, like, have highlights in
• 8:54
  here. Hold on.
• 9:00
  Well, basically I can't find it, but at some point in this
• 9:06
  article so that you don't have to watch me suffer through this,
• 9:11
  it basically says that hardly any Americans own gold or
• 9:15
  silver. And darn it, where was it the
• 9:18
  doors first time? Hold on some investors darn it.
• 9:27
  Well, anyway, guys, in there in this article, it basically at
• 9:31
  some point there's a little blurb that says hardly any
• 9:34
  Americans own silver. It kind of made it.
• 9:37
  And the way they worded it, it kind of made it sound like, oh,
• 9:40
  you know, this is a fringe group of people and Costco's just
• 9:44
  having fun with them. But I don't think that's the
• 9:47
  case. I think it's a sign of times to
• 9:49
  come. Now I was thinking though, like
• 9:51
  if people are buying gold, buying silver at Costco, if I
• 9:56
  were buying gold and silver, I'd want to buy it from a
• 9:58
  specialist. So I want to mention our channel
• 10:00
  sponsor, Pinbex, OK? Pimbex is an online bullion
• 10:05
  dealer where you can order gold, silver and platinum.
• 10:08
  OK. And if you do your research on
• 10:10
  the company, what you'll find is that their prices are ultra
• 10:15
  competitive, almost always the best when I'm out shopping
• 10:19
  around. Their selection is great and
• 10:22
  their service is second to none. Let's just run out real quickly.
• 10:25
  I want to show you something. Look at this stack to the sky.
• 10:30
  Gold coins and bars available. Fast shipping and I can vouch
• 10:34
  for that. American Eagles Gold and Silver
• 10:37
  coins available. Here it is right here guys.
• 10:40
  Pinbex, Pi MB E xpinbex.com They can also help with IRA
• 10:48
  conversions. If you're ever considering
• 10:50
  moving part or all of an IRA into precious metals, do
• 10:53
  yourself a favor and talk to the guys at Pinbex.
• 10:56
  I think you'll find, and you need to find this out for
• 10:58
  yourself, that when you work with pin backs, you get more
• 11:02
  metal for your money. Let's move on, let's move on.
• 11:07
  Yeah, here. CNN confirms, right, that if you
• 11:09
  hold any silver or gold in your house, you're a lone wolf.
• 11:13
  Your fringe, basically. And I want to say this right,
• 11:17
  silver is timeless, not like Fiat, not like stocks or any
• 11:21
  other synthetic investment. And we talked about that at the
• 11:24
  beginning. How can silver get to $45.00 an
• 11:27
  ounce? Well, all this other stuff is
• 11:29
  synthetic stocks, right? A heck, a lot of the stocks now
• 11:33
  you you get like a a pennies on the dollar represented in real
• 11:37
  assets, every dollar you may own and let's say Apple stock maybe,
• 11:42
  right? When you do an analysis of their
• 11:44
  balance sheet and break it down to a per share basis, maybe
• 11:47
  you're getting three or four or 10:15 cents for each dollar you
• 11:51
  have in there. In real assets, silver and gold
• 11:55
  are timeless. They can wait forever, OK?
• 11:59
  The stock market. Even the real estate market for
• 12:01
  that matter. Your house, anything, right?
• 12:04
  That can change day by day by day by day.
• 12:06
  Sure, the paper value of silver measured in dollars, measured in
• 12:12
  paper, measured in electronic dollars, measured in Unicorn
• 12:15
  fart dust dollars or whatever you want to call it, Mike, it'll
• 12:19
  change. But the value of that silver is
• 12:23
  always, always there. Same thing with gold as well,
• 12:27
  always, always there. All this other synthetic stuff
• 12:31
  is just that. Synthetic, right?
• 12:32
  And remember, extras, pyramid, everything above silver and
• 12:36
  gold. I call it synthetic, right.
• 12:38
  I get called out. People say, oh, you know, you're
• 12:41
  anti. No, I'm not anti anything.
• 12:44
  I'm pointing out what to me is a fact, right?
• 12:46
  Paper money, Debt, derivatives, right.
• 12:50
  Even crypto to a certain I mean I guess it is it's synthetic.
• 12:53
  It's you know, gold and silver are the base of that.
• 12:56
  In real, I'm not turning this into a crypto debate, OK?
• 13:00
  Or blockchain debate, that's great.
• 13:02
  I'm nothing against any of those things.
• 13:04
  But I will say that silver and gold are the base of everything.
• 13:08
  And when that synthetic stuff, right when it starts to crumble.
• 13:12
  And remember, right, we are victims of normalcy bias,
• 13:17
  recency bias. Just because in my 54 years on
• 13:20
  this planet it's never happened doesn't mean that things don't
• 13:24
  happen. Remember the great financial
• 13:26
  crisis of 2008? Remember the tech bubble when it
• 13:29
  burst? Remember Long Term Capital
• 13:31
  Management? Many of you are as old as me and
• 13:33
  can remember that. Remember the C 19 financial
• 13:38
  crisis, I guess you could call it money printing crisis.
• 13:41
  They printed 40% of the dollars that are in existence.
• 13:45
  These things happen. We can just look back 30 years
• 13:48
  in this country, but if we zoom out 3000 years, we see they
• 13:52
  happen over and over and over, right?
• 13:55
  How many people do you know in this silver and gold YouTube
• 13:58
  community that have piles and piles of all these different
• 14:01
  paper currencies that have failed over the years, Right?
• 14:06
  Lynette Zhang, Ted from Ted speaks, right.
• 14:09
  They all have these piles. It happens, guys, right?
• 14:12
  And don't forget what Lynette Zhang said when she was here in
• 14:15
  the basement doing an interview with me a couple months ago.
• 14:18
  I asked her why does everything feel so crazy?
• 14:21
  She said because it is crazy because we're at the end of this
• 14:25
  process now. Look, nobody knows for sure.
• 14:27
  Don't make any financial decisions based on what I'm
• 14:30
  saying. I'm just telling you how I see
• 14:33
  it. You need to determine how you
• 14:35
  see it, right? See what you see is best.
• 14:37
  U.S. debt is unsustainable. And at the same time the world
• 14:42
  is moving away from the dollar. Think about that.
• 14:46
  We're talking big picture here. Let's go out to the debt clock.
• 14:49
  We haven't been there for a while.
• 14:50
  Let's just make sure that the US debt is not going down.
• 14:54
  Hold on one second. Here we go.
• 14:58
  And, oh, hey, congratulations, my fellow Americans.
• 15:04
  We now have 30-4 trillion 500. Yesterday, it wasn't even that
• 15:09
  high. Oh, look at that.
• 15:11
  We just added another 100,000 about every four seconds.
• 15:14
  Yeah. OK, this situation is untenable,
• 15:18
  OK? And at the same time that our
• 15:21
  debt is skyrocketing, the world is moving away from the dollar.
• 15:25
  Why do you think bank central banks, world central banks are
• 15:29
  buying gold at record amounts, But in the USA, what are we
• 15:33
  told? We're told, oh, the economy is
• 15:35
  great by dynamics. The economy is stronger than
• 15:38
  ever. The stock market's at all time
• 15:40
  highs, real residential real estates at all time highs,
• 15:45
  right? Recessions are always retro,
• 15:48
  actively announced. There's a lot of people who are
• 15:51
  saying that right now we could be in a recession.
• 15:54
  Do you think we're in a recession?
• 15:56
  If you do type R OK R not for Ron, for recession in the chat,
• 16:01
  OK And when you take a poll of American, this is what's
• 16:04
  interesting. The the mainstream media is
• 16:07
  constantly telling us how great the economy is.
• 16:10
  But when you take a poll of average, are you an average
• 16:13
  American? I'm an average American.
• 16:15
  And when you take a poll of average Americans, their number
• 16:19
  one concern is economic, financial troubles.
• 16:24
  But at the same time, we're told, oh, the economy is doing
• 16:26
  great. Don't you know, Do you?
• 16:27
  You should be happy. You should enjoy having four
• 16:30
  jobs. OK.
• 16:31
  And nobody wants to address the root of the problem, which is
• 16:36
  government spending way beyond our means.
• 16:38
  And now we're in a spiral. I mean, we're gotten to a point
• 16:42
  of almost no return here. And and, you know, they can't
• 16:46
  lower rates, right? Because who's gonna buy our
• 16:48
  debt? Remember what we said earlier?
• 16:49
  Look at that debt number. Oh, there's another another
• 16:52
  couple million. No big deal, right?
• 16:54
  Who's gonna buy our debt? Right?
• 16:57
  Who wants our debt? As our debt is exploding and we
• 17:00
  need countries to buy our debt. They don't wanna buy the debt.
• 17:03
  You know what they wanna buy? They wanna buy real assets.
• 17:06
  They wanna buy. Well, they're well, if they
• 17:08
  don't want to, they are. They're buying gold, right?
• 17:11
  At levels that are greater than when the world was on the gold
• 17:16
  standard. It's absolutely crazy.
• 17:19
  What is going on? OK, the Fed can't hold on.
• 17:22
  I'm getting back. the Fed cannot fight inflation, right?
• 17:25
  They don't really want to fight inflation.
• 17:27
  It's a mirage from what should be a bank, right?
• 17:32
  the Fed. the Fed should be a bank.
• 17:33
  But they're not. They've turned into APR firm.
• 17:36
  OK, the only way the system lives longer is through
• 17:39
  inflation. The only way they can perpetuate
• 17:42
  the system that the powers that be are beholden to is through
• 17:46
  inflation. And it doesn't matter what rates
• 17:49
  are as long as inflation is higher and gold and silver are
• 17:53
  likely. Sniffing that out right now, I
• 17:55
  just realized I don't think you guys can see me.
• 17:59
  You probably enjoy looking at the debt clock more than you do
• 18:03
  looking at my face. But nonetheless, I'm glad to see
• 18:06
  you. I'm so happy you're here.
• 18:07
  It's a big, big, big deal when you.
• 18:10
  Yeah, I'm talking to you. OK.
• 18:12
  Sean R my college roommate. You know, we got Jake from
• 18:16
  Jake's custom parts. Everybody who you OK?
• 18:20
  Are the most important part. Thank you for being here.
• 18:22
  Thank you for the thumbs up That helps get the word out to more
• 18:24
  people. I'm only going to beg you once
• 18:27
  to subscribe. It's free.
• 18:29
  All the content is free. In the Super chats are super
• 18:33
  appreciated. OK.
• 18:35
  Nobody wants to address the root of the problem.
• 18:37
  The government's spending way beyond our means.
• 18:40
  OK, I talked about that already. Debt to GDP.
• 18:43
  Remember the 70s? Do you remember the 70s?
• 18:47
  Many of you are probably old enough.
• 18:48
  I was born in 1970. I kind of remember the 70s.
• 18:52
  But when I read about what happened in the 70s, it's silver
• 18:55
  went up like, I don't know, 20 times in value.
• 18:58
  Gold skyrocketed in value. OK, we're in a very similar
• 19:03
  situation right now, but worse, that's the reality.
• 19:09
  Way worse on 2 fronts geopolitically, meaning with the
• 19:16
  bricks and the bricks, plus Brazil, Russia, India, China,
• 19:18
  South Africa, Iran, Saudi Arabia, Egypt, Ethiopia and the
• 19:24
  United Arab Emirates. The world is splitting.
• 19:27
  Back in the 70s we were able to kind of do the the Petro dollar
• 19:31
  thing with the Saudi Arabians. Now, right now that's all
• 19:35
  falling apart. That's just the facts.
• 19:38
  Look, I'm a full blooded American.
• 19:39
  I don't like it. You don't have to like, but
• 19:41
  that's what's going on right now and at the same time the debt
• 19:45
  level in this country is way beyond what it was in the 70s.
• 19:48
  Unless I have this wrong, the debt to GDP ratio in the 70s was
• 19:53
  like 2530%. Now we're above 100%.
• 19:57
  We, we, we could see, we could again.
• 20:02
  No crystal ball nothing. Nothing like I'm not giving
• 20:05
  financial advice but guys we could be in for like a decade
• 20:09
  of. Potential incredible moves in
• 20:12
  the silver and gold price. Could be, could be, right?
• 20:16
  I don't know, right? I could be sitting down here a
• 20:18
  year from now saying I was wrong.
• 20:20
  Silver's $14.00 an ounce. I don't think that's going to
• 20:23
  happen, right? But I'll take that bet.
• 20:26
  You know why? Because it's asymmetric.
• 20:28
  This is key to understand. Let's talk about that real
• 20:31
  quickly. Asymmetric means not equal.
• 20:35
  What does symmetric mean equal? Asymmetric not equal.
• 20:38
  When you buy an ounce of silver today for $24.50, OK, your
• 20:44
  downside risk. I I can really have a hard time
• 20:48
  seeing it go below $20 per oz what you could sell it for with
• 20:52
  premium, you know built in there.
• 20:54
  If it goes to 18 an ounce, yeah that would be horrible, right?
• 20:57
  That's the downside risk, 4 or $5.
• 21:00
  The upside potential, hey, I believe in triple digit silver
• 21:04
  sometime in my life, $100 silver, OK, that's $75.00 to the
• 21:09
  upside way up here to $4.00 just a little bit down here.
• 21:15
  That's a bet I'm willing to take.
• 21:17
  Again, I'm not giving financial advice, but but I think it's A
• 21:21
  and it's real. It's always there, It's always
• 21:26
  value. It always has been and it will
• 21:28
  always continue to be. Here we go.
• 21:32
  All of this relates to gold and silver because everything fake
• 21:36
  and synthetic, everything else, it really is fake and synthetic
• 21:40
  continues to get expanded and blown up and blown up while real
• 21:46
  money, real assets, finite assets like silver and gold
• 21:51
  remain constant. OK, let's just talk about what's
• 21:56
  going on quickly in the economy here as well.
• 21:59
  I heard it said last night the cost of living since Joe Biden
• 22:03
  took office is up by at least 30% in the United States credit
• 22:08
  card debts. It hasn't changed guys still at
• 22:11
  all time highs, national debt all time.
• 22:13
  But this is not good. I don't care.
• 22:17
  I'm not. I'm not.
• 22:17
  I don't want to be. The sky is falling guy.
• 22:20
  But the reality is, and when we look out at what is going on in
• 22:24
  the economy, in the United States, in the G7 economies,
• 22:28
  it's all over Europe. I'm hearing, I heard somebody
• 22:30
  spew off a list of countries. Do you know that?
• 22:32
  Like Germany's in a recession, Japan's in a recession.
• 22:35
  I think they said Ireland, the UK, everywhere we look,
• 22:39
  recession, recession. But not in America.
• 22:42
  No, we have Bidenomics and it's working.
• 22:46
  Yeah. I wonder, I wonder, does it make
• 22:49
  you a little suspicious? Don't forget, OK, I'm not saying
• 22:53
  for sure that I think, oh, we are in a recession right now.
• 22:57
  But they don't. They, they announce recessions
• 23:00
  retroactively. They keep telling you
• 23:02
  everything's great, everything's wonderful, the economy is great.
• 23:04
  Yeah, hey, go vote. Blah, blah, blah, right.
• 23:07
  And then when they absolutely have to, a year or six months
• 23:11
  later, they say, you know what guys?
• 23:13
  I mean, if you noticed that with the government numbers that they
• 23:15
  put out, they always modify them six months, three months down
• 23:19
  the road, a month down the road. Oh, well, we were wrong about
• 23:23
  that. And almost always when they
• 23:26
  modify these numbers, they're to the downside.
• 23:28
  They just did it last week with the employment numbers, right?
• 23:32
  Remember the January employment numbers were so unbelievable.
• 23:36
  And then when they announced the February numbers, they quietly
• 23:39
  said, oh, we, we made a little mistake on the January numbers.
• 23:43
  There were actually, I think it was 120,000 fewer jobs created.
• 23:49
  That's just the reality of what's going on the United
• 23:51
  States. Does it, does it feel like me,
• 23:53
  like like this to you? The last 50 years has been
• 23:57
  synthetic prosperity, not real prosperity.
• 24:00
  Synthetic prosperity. And is that coming to an end?
• 24:05
  Look again, we don't want to be negative.
• 24:08
  I, you know, I I love this country, but I want to point out
• 24:11
  the fact the facts as we see it because we want to prepare
• 24:14
  ourselves for what potentially could be coming down the road.
• 24:18
  OK now look 10 years ago I may have thought somewhat of a
• 24:22
  similar thing so who knows how this all will play out.
• 24:25
  But man my calculator works. I tested it.
• 24:29
  Does your calculator work? This is, this is a a very, what
• 24:33
  I would call 0 tenuous predicament that we found it
• 24:39
  find ourselves in, OK? The BRICS countries are
• 24:43
  hastening this process for us and the world central banks are
• 24:47
  giving us the biggest piece of evidence as to what a smart
• 24:53
  thing could be to do with your money.
• 24:55
  They are buying gold. Don't you think that the central
• 24:58
  bankers know what they're doing? Take a step back and think about
• 25:01
  it, OK? These world central banks,
• 25:03
  they're in control of the money. They know.
• 25:06
  They're the insiders. They know what's going on more
• 25:08
  than anybody. And the general population, our
• 25:12
  fellow Americans, I'm not talking to you because you've
• 25:14
  chosen. You've chosen to be awake.
• 25:17
  You've chosen right to to look at the tough subjects, right to
• 25:21
  look at everything. Listen to people like me.
• 25:23
  Listen to other people. Heck, listen to CNN.
• 25:26
  Listen to Fox. Listen to it all.
• 25:29
  And then put together your own thesis.
• 25:30
  But I'll tell you when I when I go out on the street and I asked
• 25:35
  10 random people, what do you think about the bifurcation
• 25:39
  going on in the world night right now with the BRICS
• 25:41
  countries? And they look at me dumbfounded
• 25:43
  like bricks. You mean on your house, Ron?
• 25:46
  You know, like they have no clue what's going on, right?
• 25:50
  The the the general population is asleep.
• 25:53
  You aren't you aren't asleep. No, gold is flashing a warning
• 26:00
  sign. I've heard several big analysts
• 26:02
  say this. Think about it.
• 26:03
  Gold and gold. The gold price going up and up
• 26:07
  and up. What's going?
• 26:08
  It's flashing a warning that the siren is going like, guys,
• 26:13
  something is going on. Something's not right in the
• 26:17
  world. Monetary system, All right.
• 26:19
  In the banking system, it's a big mess today.
• 26:25
  Today's the end of the BTFP, the bank term funding program, the
• 26:29
  bailout that they put in place one year ago to save all the
• 26:33
  banks from having to realize that they made some horrific
• 26:37
  investments with your money. OK.
• 26:39
  It's going to be interesting to see how this plays out.
• 26:43
  You know, some people say, some people say that having money in
• 26:47
  the bank and I have money in the bank, you likely have some money
• 26:50
  in the bank. But having all your money in the
• 26:52
  bank, people don't realize the risk they're taking.
• 26:55
  OK, there could, could, could be, bail in's OK.
• 27:01
  There could be bank failures, right?
• 27:05
  There could be. I heard Peter Schiff say it last
• 27:09
  night, like if you got a lot of money in the bank, you're either
• 27:11
  could lose some of that money or if you get the money out of the
• 27:16
  bank and some point it could be vastly devalued and people just
• 27:21
  don't realize that it's called. I've heard it called two things,
• 27:25
  recency bias and normalcy bias. Right?
• 27:28
  People that are in their 70s and 80s are like your money's safe
• 27:32
  in the bank. They think that the safest place
• 27:34
  to have your money on the face of the earth.
• 27:36
  I bet 95% of people who are 70 years old and older if you
• 27:41
  surveyed them. Where's the safest place that
• 27:43
  you can put your money? In the bank.
• 27:46
  In the bank. OK, now you and I know, and
• 27:49
  we're not going to dive into it again, that the reality is
• 27:52
  something different. And the hardest thing, let's
• 27:56
  just say, oh, what's that saying?
• 27:59
  It's it's it's it's much easier to brainwash somebody than to
• 28:05
  convince them that they've been brainwashed.
• 28:08
  OK, So don't even go there. Don't even waste your time.
• 28:10
  If they're interested, they'll learn on their own.
• 28:12
  But that I think it's just a fact.
• 28:14
  Like most people think, oh, my money's saved in the bank.
• 28:16
  My money's saved in the bank. Well, you know, you're, you're,
• 28:20
  you're, you're, you're. There's so many variables that
• 28:23
  make that statement not true, I think.
• 28:25
  Right. I think money.
• 28:27
  What do you think, guys? What do you think?
• 28:29
  Put it in the chat bank or silver boy?
• 28:33
  I think I know the answer to that question.
• 28:35
  Look at that. It's it's so reflective.
• 28:37
  I can't even look at that. Oh, there it is.
• 28:40
  Now that American Silver Eagle 2023.
• 28:45
  Just look at that. Is that where you want your
• 28:47
  money? Wow, this new webcam old
• 28:50
  buttercup game is working good. That is pretty.
• 28:53
  God. I could look at that all day
• 28:55
  long. I don't want to bore you guys.
• 28:56
  Bank, huh? Yeah.
• 28:58
  Hey, that eagle came from my friend Jake from Jake's Custom
• 29:02
  parts. Thank you, Jake.
• 29:03
  Hey, guys. Before I forget, this is a huge
• 29:06
  community and welcome 500 of you right now here in the basement.
• 29:10
  We got 500 people hanging out talking about silver and gold.
• 29:14
  A big part of the community are the moderators.
• 29:16
  The moderators on this channel are great.
• 29:19
  So I always like to tape type 88888888 because those that
• 29:24
  moderate are great. Thank you guys for being here.
• 29:27
  OK, thank you. Thank you.
• 29:29
  Thank you. OK, I want to point something
• 29:31
  out that you may have forgotten about.
• 29:33
  Because we forget we're all getting older, right?
• 29:35
  I know the average age on my channel, we're all in our 40s,
• 29:39
  fifties, 60s, seventies, 80s. We got a couple people in their
• 29:42
  90s that are with us, OK? And younger people are joining
• 29:45
  as well, but most of us are in our 50s and 60s now.
• 29:49
  You may have forgot this. You may have forgot this is
• 29:52
  everything is off. Take a step back.
• 29:54
  What do you think? Everything's great.
• 29:56
  Just watch CNN. Watch the Today Show.
• 30:00
  Watch, Watch mainstream media. Everything's great in the
• 30:03
  economy, Everything's wonderful, right?
• 30:06
  Remember this. This is so critical.
• 30:08
  This might shock you. Well, it might partially shock
• 30:13
  you. It's hard to shock you anymore,
• 30:16
  right? But remember last year, right
• 30:20
  now, three of the four biggest banks in the history of the
• 30:24
  United States, possibly the history of the world, maybe the
• 30:27
  history of the universe. Time recorded.
• 30:31
  Three of the four largest banks ever failed one year ago.
• 30:35
  Right Now, the week prior to that, just like last week.
• 30:40
  Jerome Powell. I mean, let's get him out.
• 30:43
  We haven't had Jerome out for a while.
• 30:44
  Let's all say hi to our friend Jerome.
• 30:46
  I'll be right back. Don't leave.
• 30:52
  For those of you who are new, I'm not supposed to open this
• 30:56
  box, but I do anyway. There's our old friend Jerome
• 31:00
  Powell. OK, put him back in his box.
• 31:04
  He's got a recession on one side and inflation on the other.
• 31:06
  We'll leave that for another time.
• 31:08
  This is shocking. OK?
• 31:10
  One year ago, right when all the biggest banks ever failed, the
• 31:14
  week prior, he was in Congress saying everything looks great.
• 31:19
  Everything looks great. Everything is awesome.
• 31:22
  So don't believe these guys. Don't believe the hype.
• 31:28
  I'm sorry and and I wish we could, I wish that we could.
• 31:33
  Remember Jeremy Powell, that guy right there that I just showed
• 31:36
  you, remember three years ago he said inflation's not a problem
• 31:41
  and then he said, well, inflation's transitory and then
• 31:45
  he said inflation's temporary. Guess what?
• 31:48
  We got a big long term inflation plan pro problem problem right
• 31:53
  now and it's not going anywhere and it's going to be very
• 31:57
  supportive for the silver prize and the gold prize as we go into
• 32:02
  the next 5 to 10 years. You wait, OK, they don't have to
• 32:06
  lower rates because if inflation continues to go up and up and
• 32:10
  up, it's six or one half dozen the other right.
• 32:14
  Right now, if they really wanted to kill inflation, they would
• 32:16
  have raised rates to 8 or 9%. But they can't because Jerome's
• 32:19
  in a box, guys. He can't raise rates to 8%, nine
• 32:23
  percent. You know why?
• 32:24
  I'm going to show you one reason why.
• 32:27
  Hold on. This makes this should make
• 32:29
  perfect sense to you. This is why they can't raise
• 32:35
  rates to 8% or 9% like Volcker did back in the 80s.
• 32:39
  Because back then, in the 80s, the debt to GDP ratio was 2530
• 32:44
  percent, 70s and 80s. Now it's 120.
• 32:47
  I don't know. It's way over 100.
• 32:49
  They can't. So they can't.
• 32:51
  They can't. And all the money printing, all
• 32:54
  that is all gonna lead to more and more inflation.
• 32:58
  So they could even they could even raise rates and silver and
• 33:01
  gold could continue up because the inflation is going to cut
• 33:05
  now, you know, we'll have to see how it all plays out.
• 33:12
  There you are. Oh, man.
• 33:15
  We got a few more things to touch on.
• 33:17
  All right, it's going to be crazy interesting now over the
• 33:20
  next month or two to see the fallout from the bank term
• 33:25
  funding program. I want to show you.
• 33:30
  Well, let's just the the the the silver to gold ratio is still
• 33:33
  out of control. We've got big, big issues in the
• 33:38
  silver market. I want to repeat this 'cause
• 33:41
  this is music to your ears as a silver investor, remember.
• 33:45
  Remember, I mean, what other investment can you get that is
• 33:53
  so beautiful? Hold on there it is.
• 33:56
  Look at that, huh. What other investment can you
• 33:58
  get that is so beautiful? And and when you look at that
• 34:02
  American Silver Eagle, remember this, the big picture about
• 34:06
  what's going on in the silver market, mining supply is in a
• 34:10
  major downtrend, the amount of silver coming out of the ground.
• 34:15
  I just got them talking with Jorge Genoza, the CEO of Fortuna
• 34:19
  Silver, which, hey, you know what?
• 34:21
  That reminds me, let's say thank you to our mining company
• 34:24
  sponsors, but wrong hand. Here we go.
• 34:27
  Fortuna Silver, you can learn more about them at
• 34:32
  fortunasilver.com. For almost 20 years years now,
• 34:36
  Jorge Genoza has been building that company methodically, OK,
• 34:41
  making good solid long term decisions.
• 34:45
  And right now potentially they're in a spot where they
• 34:48
  could start to harvest big, big gains from those decisions as
• 34:52
  we're getting near record high prices in gold and silver.
• 34:56
  Also, let's say thank you to 1st Mining Gold.
• 35:00
  Keith Newmeyer started this company, what, 7-8 years ago.
• 35:04
  He's still the Chairman, Dan Welton, CEO, 25 million ounce
• 35:09
  projects in Canada and an interest in four other gold
• 35:13
  projects in Canada. All together, they have more
• 35:15
  than 12 million ounces of gold in the ground in Canada.
• 35:18
  You can learn more about them at firstmininggold.com.
• 35:22
  So the mining companies mining's a tough business guys.
• 35:26
  This is look, look, when we're looking at this beautiful, I'm,
• 35:30
  I'll show it to you one more time.
• 35:34
  OK. That beautiful coin right there.
• 35:36
  Look at that thing, OK? That came as the result of
• 35:41
  years, decades of work done exploring out in the wilderness,
• 35:47
  drilling, OK, getting permits, building big mines, dealing with
• 35:52
  mine shutdowns, dealing with labor issues.
• 35:55
  So much energy goes into each one of those ounces of silver.
• 36:00
  It's absolutely crazy. And all the easy silver is gone.
• 36:05
  It's all gone. What's left now in the world is
• 36:08
  the hard to get to silver we're seeing and and and with the
• 36:12
  price where it is this artificially manipulated.
• 36:15
  Do you believe that the Comex price right is real $24.50?
• 36:22
  How about change that first two to a $444.50?
• 36:27
  I showed you the wedgie earlier. We know that silver mining
• 36:31
  companies can barely make a profit at these prices.
• 36:35
  And as a result of that, there's no money going into exploration
• 36:39
  or development of new silver projects.
• 36:42
  That's a big deal to you as a silver investor.
• 36:44
  You know why? Because that means over the next
• 36:47
  10 years when the market does wake up and and and we do get
• 36:51
  $40 silver, $4550 silver, they can't just turn the switch and
• 36:56
  start and start producing more silver.
• 36:59
  It takes like 10 years at best from the time that a discovery
• 37:03
  is made from exploration through the point where they can
• 37:06
  actually produce the silver at the same time demand is going
• 37:11
  through the roof. I mean, it's absolutely crazy.
• 37:14
  At the same time, demand through the roof at the same time, OK,
• 37:20
  this massive deficit, I can't even have a hard time saying
• 37:25
  that word. Deficit.
• 37:28
  Deficit is growing and growing. I heard Jeff Clark the other day
• 37:34
  say that. Well, here it is.
• 37:35
  I got it written down. Over the last four years,
• 37:37
  there's been 600 million more ounces of silver demanded than
• 37:43
  could be supplied by mining and recycling.
• 37:46
  OK, where's that coming from? That's coming from above ground
• 37:49
  stockpiles. They're getting blood dry,
• 37:52
  right? The inventories at the Comex and
• 37:53
  the LBMAI don't know, guys, I'm excited.
• 37:57
  I'm sorry. I'm excited about silver and
• 37:59
  gold. I hope you're excited about
• 38:01
  silver and gold as well. I appreciate everyone joining us
• 38:05
  today. Thank you for the thumbs up.
• 38:07
  Don't forget to subscribe. All right?
• 38:09
  We put out a new piece of content every day, something to
• 38:12
  do with silver and gold. We have 500 people on here.
• 38:14
  You guys are awesome. OK?
• 38:16
  It's going to be a wild. Wild next 5 to 10 years.
• 38:20
  I'll be here with you through it all.
• 38:23
  Take care of yourself, OK?