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📢URGENT: Precious Metals Challenge the Dollar - Here's What to Expect Next! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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  Silver and gold. This is the biggest story going
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  on right now, but have you ever experienced that something big
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  is going on right in front of your eyes, but you haven't taken
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  a step back to look at the big picture, to realize what's
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  really going on? And when it comes to silver and
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  gold, we are engaged in a battle for the ages, an epic battle
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  between gold, silver, precious metals and the Fiat dollar.
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  We're talking about the gold standard.
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  I know when we hear that we think, oh antiquated, it will
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  never happen again. Well, I've got another way for
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  us to look at it that I think makes it very clear that we are
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  indeed heading back to a gold backed, silver backed, real
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  asset backed monetary system in the world right now, $8000 gold,
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  $20,000 gold. Heck, one analyst is even
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  calling for the prospect of $27,000 gold.
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  And you know what that'll do to the silver price.
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  I'll throw out a number like 5000 for gold, $100 for silver.
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  It's not being out of the question if we consider the fact
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  that we are in this major battle right now for the gold standard.
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  So we hear all this chatter about the BRICS countries big
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  meeting coming up on a October 22nd, 23rd about the fact that
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  we may hear about a gold backed trade settlement currency
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  between those nations. Well, in my opinion, it doesn't
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  really matter if that happens or not because regardless we are
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  engaged right now in a massive battle between precious metals
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  and the dollar. The dollarization is a
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  manifestation of this happening right now.
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  Countries all around the world have expressed their desire to
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  move away from the dollar. But where it gets very
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  interesting guys, is that there is no other option besides
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  precious metals when it comes to a solid reserve monetary asset.
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  They aren't going to move to the euro.
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  They aren't going to move to the yen.
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  As a matter of fact, gold recently took the spot of the
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  euro as one of the more favored reserve assets of central banks
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  around the world. The key thing for us to remember
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  here is right, it's either the dollar or gold for a lot of
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  these countries. They are the world's only two
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  big financial monetary powerhouses and they are duking
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  it out right now. We may not see it, but it's
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  happening right in front of our eyes.
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  The other big thing happening right now is that you have made
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  the decision to join me in the basement.
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  You're welcome here. We appreciate you.
• 3:00
  Thank you for your time. Thanks for joining us.
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  We hope you found a little home away from home.
• 3:03
  Please subscribe to the channel, give the video a thumbs up and
• 3:07
  super chat. Super thanks are always super
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  appreciated. And as this battle unfolds
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  between the dollar, between Fiat currency and precious metals,
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  let's remember gold and silver have history and tangibility and
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  intrinsic value on their sides. They are real.
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  They have proven themselves over thousands of years while many
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  Fiat paper, Unicorn fart dust, whatever you want to call it,
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  monetary systems have come and gone.
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  That's what gold and silver have on their side.
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  But what does the US dollar have working for it?
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  Well, it has $35 trillion of debt, another 200 trillion in
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  unfunded liabilities, and a legion of unicorns behind behind
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  it. It truly is a make believe,
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  confidence based paper monetary system.
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  It used to be better, right? We loved it pre 1971 when it was
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  actually backed by gold, but the reality is right now nothing but
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  a bunch of synthetic debt backs the US dollar.
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  If you're looking to buy gold, silver or platinum, do yourself
• 4:19
  a favor and check out Pymbecks, the online precious metals
• 4:23
  bullion dealer and sponsor of Ron's Basement.
• 4:27
  I was a happy customer before they offered to support the
• 4:30
  channel. You'll find they have the best
• 4:33
  prices, quality and service. I think Pembex is best and you
• 4:38
  will too. And be sure to tell him that
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  you're from Ron's basement. We watch as the battles unfold
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  at the Comex and the LBMA. Eventually, the true price of
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  silver and gold will be determined by physical demand.
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  The physical market will overwhelm the paper electronic
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  markets at the COMEX and the LBMA.
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  We can also see this battle unfolding as many of the world's
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  central banks continue to buy gold.
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  Even western central banks are getting in on the game.
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  Now we know that in the second quarter of 2024, Poland was one
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  of the world's biggest buyers of gold, designated gold as a tier
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  one asset. This is the central Bank of the
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  central banks, and it put gold right on par with things like
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  government debt and cash, the highest level that they could
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  be. This is proof that we've got
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  this battleground going on right now.
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  Ironically, the dollar used to be good buddies with gold for a
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  good part of U.S. history when we were on the gold standard.
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  And I just want to point out that period of time when the
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  United States was on the gold standard marked an unprecedented
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  period of growth and prosperity. Some people say one of the
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  biggest periods of unbelievable advancement of any civilization
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  in the history of the world. We never really went off the
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  gold standard. How do you feel about that?
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  They couldn't completely wipe gold out of the picture and now
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  it is re emerging. It kind of went into
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  hibernation. Precious metals did.
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  But it's re emerging stronger, rested and ready to do battle
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  with the dollar to reclaim its place as the base of true, real
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  money. Some people call it God's money.
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  We're absolutely headed back to a gold standard, and to me, the
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  evidence is overwhelming. How do you feel about this?
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  Leave a comment in the comment section below.
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  That's how we learn is from each other.
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  And you've got a big brain on top of your shoulders.
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  We want to hear from you. But when I consider the fact
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  that there's really only two options in the world right now,
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  gold or Fiat, in that we see the fact that a lot of the world
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  central banks are moving towards gold.
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  And on top of that, we consider that the central bank for the
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  central banks, right, has even themselves said that gold is now
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  on par with the Fiat currencies with the government, that it
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  becomes pretty clear that there's a big major battle going
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  on right now. It's easy for us to get tied up
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  in the day-to-day movements of things like gold and silver,
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  what the Fed says, whatever. But I think when we pull our
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  heads out of the sand, which we like to do and take a look at
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  the big picture, things look great for the precious metals
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  market. I want to say thank you to
• 7:44
  channel sponsor First Mining Gold.
• 7:47
  You can learn more about them at firstmininggold.com and also for
• 7:51
  Tune Up Mining. They're a producing gold and
• 7:54
  silver mining company with operations in Latin America and
• 7:58
  West Africa. Most important, thank you for
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  being here. Have a great day and I'll look
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  forward to seeing you soon.