Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 SILVER Stackers! 🚨 THIS Is UNBELIEVABLE!... (Gold Price Too!)... COMEX

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🚨 SILVER Stackers! 🚨 THIS Is UNBELIEVABLE!... (Gold Price Too!)... COMEX · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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Silver investors, we have some shocking data to look at that
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explains to us just what happened this week, why the
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price of silver took it just a little bit on the chin.
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But we also have some encouraging data, demand related
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data, which is a new component for the silver price, one we
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haven't seen for a while. We're going to dig into that as
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well because I think the future still looks very bright for the
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silver price. What looks even brighter is you,
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your smiling face right now. Thank you for being here.
0:32
Thank you for joining me. We've been out of the basement
0:35
for a little while. Thank you to my friend, little
0:37
Ricky for handling everything back at the house to make this
0:40
possible. But most important, thank you
0:43
for joining us. Please subscribe to the channel,
0:45
give the video a thumbs up in super chat.
0:47
Super thanks are never expected, but always appreciated.
0:51
Let's talk about what happened this week.
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Are you feeling exhausted? It was probably one of the most
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volatile, crazy weeks in general, but also for the
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precious metals that we've experienced in a long, long
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time. The presidential election is now
1:09
behind us. the Fed meeting is now behind us.
1:13
The gold and silver volatility, are they still with us?
1:17
We're going to talk about that in this video.
1:19
But let's talk about what happened on Wednesday, the day
1:22
after the election when Silver got absolutely clobbered.
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And I'm going to warn you, this might make you a little mad if
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we go out and listen to our friend the dude.
1:34
Now the guy, the dude, he follows all the data on the big
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electronic silver and gold exchanges.
1:43
And listen to this guys. This was He's referring to
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Wednesday when he says this. The silver market traded
1:50
698,000,000 paper oz yesterday. Again, he's referring to
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Wednesday, the day after the election when the silver price
2:00
got absolutely clobbered. They did that to manipulate the
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price down. The COMEX had three deliveries.
2:06
The LBMA had 885. They want you buying crypto and
2:12
don't want you owning gold and silver.
2:15
That's exactly why people should buy physical in their
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possession. Wow, a lot to unpack here.
2:22
OK, first, what he's speaking about is 700 million paper
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ounces of silver traded in one day.
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Let's remember the entire precious metals mining sector
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only produces 800 million oz per year.
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That means we were very close in one day, right, to trading the
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equivalent in one day of an entire year's production of real
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physical silver. Think about that and there's
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like 200 trading days in the course of the year.
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I agree with what the dude is saying.
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How do you feel? Doesn't it feel like to us that
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the price of silver is manipulated?
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Now the other thing that he brings up is that they want you
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buying crypto. I'm we, I'm not an anti crypto
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guy. I don't own crypto, I'm not anti
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crypto, but I do agree with him. It feels like the mainstream, I
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think that they're pushing people more towards crypto than
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they are towards real silver and gold.
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And that that like begs the question for US silver and gold
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investors. I wonder why they're doing that
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Because let's face it, the world central banks, they're not
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buying crypto. No, they're buying physical
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silver and gold. So very interesting that they
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could trade in one day almost the entire equivalent of the
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mining sectors output of silver. Let's go back though and look
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and see what happened the next day.
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If we can pull this up, we're going to go to his.
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We're going a little field trip here.
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Go to the dude. And I believe he also had.
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That's not it, That's not it. Here we go.
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So this was the data for Thursday.
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All right, We don't have yesterday's data yet, but he put
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this up. This is how much silver paper
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silver was traded on Thursday after 700 million oz on
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Wednesday. There were almost 500 million
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paper oz traded on Thursday. Then he talks about the
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deliveries, everything else. He says every rate cut they they
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print trillions to keep the Ponzi going.
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Why does Powell think he's he's above everyone?
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Rest and peace, Federal Reserve. Now I'm also hearing, right,
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because we had a crazy week, right?
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And gold got clobbered on Wednesday.
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I've heard from several bullion dealers that Wednesday was a
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very busy day in the gold market.
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I've heard some people say 2 * 3 times the amount of regular
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sales of gold occurred on Wednesday.
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So we aren't dead yet, right? People stepped in.
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People stepped in to buy the dip in gold.
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And are they doing that with silver?
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Wait until just wait until you see some of this data we got to
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look at here in a little while regarding the silver market, OK,
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the gold to silver ratio I pulled out the calculator this
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morning is back up to 85. Can you imagine that here?
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Let's do a little show and tell. Would you want to trade?
5:34
It's an American Silver Eagle. Would you be interested in
5:37
trading one of these one Americans?
5:41
I'm sorry, 8585 of these four tubes plus for one ounce of
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gold. You know, I mean, that the
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silver price is so beaten down, so out of control.
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But we got more good news, more good.
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We're going to look at a chart here for silver that shows we
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could very well be on the verge of a major, major breakout in
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the silver price. This is from our friend Graddy,
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right, one of the very, very, very smart analysts.
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Silver is having a perfectly normal pullback right now.
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And big picture here is why it's churning for silver.
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The big breakout level using the yearly, we're going to highlight
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that time frame is 31 to $32. One of the most significant
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breakouts in history is coming. And again, guys, this is this is
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a chart of the annual price of silver going all the way back to
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1974. When we look at the annual price
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with the Candlestick pattern, right, we can see this was the
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highest it closed probably was 1979.
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This big black line, it closed the year down here.
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So on a yearly basis, there's the top, there's our cup, right,
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going up to 2011. Here's our handle going to here.
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They say that the breakout should be the same as this 827%
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yes, that would put silver at 200.
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Here it is down here right at the very bottom $248.
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Make sure I got you on the right screen, which I do OK, but it's
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even more interesting and again, this is a chart of the silver
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price based on yearly closes where the silver price closed on
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December 31st of each year. But within the handle, there's
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also another cup and handle. So there's the big cup and
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handle and then within the handle of the big cup and
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handle, there's a little bitty miniature cup and handle.
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So this is very optimistic this you know guys, if we can close
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the year, what's going to be critical is to have the silver
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price closing somewhere above 3234.
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Thirty $6 per oz. Do you think it's possible?
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I absolutely believe that that's possible that we could see a
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silver price. I've talked about how in the
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next 30 days, I think we have a good shot at moving up all the
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way to $38 per oz for silver. Now, what about the big missing
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link? What's the big missing thing?
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And I even heard Jeffrey Christian when he talked about
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silver in 2025 saying that this is the big critical component
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that we need to have for the real silver bull market to break
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out. And that's investors, people
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buying silver through the ETS. And we're going to go to our
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friend Chris Marcus for some up-to-the-minute data.
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This is from Arcade Arcadia economics Gold and Silver daily.
8:49
This is a sub stack that you can that you can subscribe to.
8:54
I have a link to it in the description of this in all my
8:56
videos. Here's here's is and it's a
8:59
daily. I read it every day.
9:01
Great information. Would highly recommend it again.
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Chris Marcus, one of the most respected names in the precious
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metal sector. Silver Front Silver funds have
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added over 100 million oz since March in a market where the
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Silver Institute is currently projecting a 265,000,000 oz
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deficit this year after retail and ETF demander accounted for
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over 100 million oz have already been added into the ETF since
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March. Then he says in the chart below
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the blue line represents the amount of silver held in the
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transparent silver holdings at the COMEX.
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And as you can see, since the holdings bottomed out earlier
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this year in March, around 1.3 billion oz mark, it's currently
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over 100 million oz higher, approaching 1.4 billion oz.
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Here's the chart. Let's pull this up.
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This is Money coming into the silver market and again here as
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you can see this was the March low.
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They had about one about 1.3 billion oz that would be right
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now look here we are in November and we are at almost 1.4 billion
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oz. The blue lines are are net
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increases. The red lines are are are are
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withdrawals out of those products, the ETS.
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Now let's go down a little bit further and look at this on a
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longer scale and you can subscribe to a sub stack and get
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all this really great insightful information.
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This is on a weekly basis going back to 2020.
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Again, the blue line shows the amount of of Oz in the ETFs.
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And as you can see, we are now moving up this light Gray line
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is the silver price, which is over here on the right.
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But what I want to look at is down here on the bottom, the the
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net increases or inflows are outflows.
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The blue are inflows. And as you can see, all right,
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we've had some pretty steady inflows, but look at how when it
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really takes off, how crazy exaggerated it can be.
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I'm going to draw on there with my crayon here real quick.
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Look at these blue bars, right? That was back during kind of the
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silver squeeze era in the period leading.
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This was the period after C 19 and then this would be the
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silver squeeze. We don't even have to look at
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the silver squeeze, Just look at what happens during a bull
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market in silver, OK? If we get blue bars like that
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developing over here as it will be off to the races for the
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silver price. And if we go down here even a
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longer term chart again, we can see just how exaggerated these
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inflows can be when we have some massive, you know massive
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interest and increase in interest in the silver market.
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So we're getting and that's very optimistic news for any silver
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investor. People are starting to buy
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silver. We are at a critical point right
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now. Don't let's not kid ourselves,
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right? We are at a very critical
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juncture for the silver price and the gold price, right?
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But you know, for silver, you know, if we'd breakdown below
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$30 per oz, that could be, that could be a very painful
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situation for many of us and A and a painful more difficult
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situation going forward for silver to continue with this big
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breakout. But we got to ask ourselves
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these questions like what has changed in the world?
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What you know, what is anything that significant changed in the
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last two weeks? Well, yes, we have President
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Trump, but in terms of the fundamentals for silver, I don't
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know about you, but I just don't really buy the fact that we've
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had any major fundamental changes when it comes to the
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supply demand profile that we have in the in the silver
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market. OK.
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Another interesting thing about silver, everybody's bringing up
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silver. Everybody's oh silver, we were
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so focused on silver. Silver didn't really get dumped
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alone. The entire commodity sector got
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dumped after the election. We tend to focus just on silver,
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just on gold yes, I'm guilty of that.
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I imagine you may be guilty of that as well, but the reality is
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that the entire commodity sector took it on the chin last week.
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I think you know, and Jake from Jake's Custom Parts, who they
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thank you Jake for being here this morning and helping with
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moderating and thank you also to Annie Oakley and Big Time the
13:44
Silvershire. They also regularly help out
13:46
with the moderation. But Jake said let's let the the
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dust settle. Does it feel like to you that
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maybe this weekend the dust will settle?
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Where will we be next week? I was wrong.
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I thought we could be at $3835 silver this weekend.
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I was wrong. I think it's just my gut and
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maybe I'm an eternal optimist. Are you an eternal optimist?
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But my gut tells me that next week we could see a bit of a
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rebound in the precious metals because there's just too many
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factors. And as the dust settles, I
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think, I think we're going to see money flowing back into the
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back into the silver sector. So silver was down about a
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dollar for the week. We still have the national debt.
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We got to do our daily trip out here to the US debt clock.
14:36
Nothing has changed. Let's just make sure we didn't
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across the 36 trillion. No, we are getting close to
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hitting that 36 trillion, but let's go over and check on the
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dollar to silver ratio. Wow, 977 again guys.
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That's the increase in the M2 money supply paper dollars being
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created for each one ounce of silver and that now sits it is
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approaching 1000, man, unbelievable, unbelievable.
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And don't forget Donald Trump is is a update our spreadsheet here
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right now we're at this is a daily track of the dollar to
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silver ratio. Donald Trump is not a hawkish
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type guy. He's not a tight money guy.
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He's a guy who likes to borrow money.
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He likes a weak dollar. A lot of the, you know, top
15:31
analysts that I'm listening to are saying that this Trump
15:33
presidency could very well be super supportive, even more so
15:38
than what we've been through in the past for the price of gold
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and silver on top of that, right?
15:45
You know, the world is still bifurcating.
15:48
But on top of that, don't forget, do you know who Judy
15:52
Shelton is right? Judy Shelton is a is a is a
15:56
person that Donald Trump during his previous presidency, he
16:00
attempted to get her on to the Federal Reserve Board and she is
16:05
a lover of precious metals. OK Trump's former pick to join
16:09
the Federal Reserve has proposed a radical solution to solve
16:13
inflation. This speak this from CNNA few
16:16
weeks back. But it but it bears just kind of
16:19
there she is. OK, so Trump tried to get her on
16:21
the Fed. It didn't work as it was late
16:23
and as president, you know, presidency.
16:27
But listen to this. Judy Shelton, a controversial
16:31
economist who happens to like precious metals, who has been
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floated as a potential pick by now President-elect Donald Trump
16:41
to lead the Federal Reserve now that he's won in November, the
16:46
November presidential election, She's proposing a radical
16:50
solution. the Fed should aim for no inflation at all.
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You need to read about Judy Shelton.
16:57
Don't do it now. You can do it later.
16:59
But Judy Shelton, who some people think a President-elect
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Donald Trump could try to put into the Federal Reserve, is a
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very pro gold, pro precious metals person.
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She's has very conservative views when it comes to money and
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real money. So we're going to keep a close
17:19
eye on that. That alone could be unbelievably
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positive for the precious metals as well.
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We got a lot more to talk about, guys.
17:28
Thank you again for being here. You really are the most
17:31
important part of the basement. We got 500 people right on a
17:34
Saturday morning. Thank you, thank you, thank you.
17:37
What's going on in the rest of the world now We're seeing,
17:41
we're seeing gold and silver being purchased.
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New news breaking like on a daily basis.
17:49
It was yesterday that we got this from Make Gold Great Again.
17:53
Breaking. Vladimir Putin upped Russia's
17:57
daily gold buying tempo by 35.5% overnight, Russia's finance
18:04
minister said. We are seizing the opportunity
18:08
to bolster our gold reserves. So if the world is suddenly
18:12
breaking out in World Peace and everybody's going to be kumbaya
18:16
together, why are? And it's not, there's more,
18:18
there's a lot more for it, but why is Russia just now again
18:23
increasing their gold supply? Somebody warned Vlad about that
18:27
intermediate correction. Vlad turns gold fever up another
18:33
notch. Now they're buying $43,000,000 a
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day. And there's Vladimir Putin in
18:39
his pretty gold suit. OK, but it's not just Russia
18:44
because we also get news of this, this from Krishnan Gopal.
18:50
The Reserve Bank of India weekly data indicates that it's gold
18:55
reserves increased by 27 tons in October, the biggest monthly
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increase since November of 2009 when it reported 200 tons
19:06
purchased from the IMF. This list year to date, buying
19:09
the 78 tons and total gold holdings to 882 tons, the
19:15
biggest increase in buying since November of 2009.
19:20
This is India, Russia, where we get to China in a second Russia
19:24
increasing their gold purchases, India increasing their gold
19:29
purchases. But wait, there's more, right?
19:31
Because we also know that India, right?
19:35
Not only are they purchasing gold at A at a faster rate since
19:39
2009, but India also just recently completed a 100 ton
19:44
repatriation of their gold from their good friends in England,
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the Bank of England. They said, hey guys, we want our
19:52
gold back and they repatriated 100 tons of gold and that's the
20:00
second time they've done that in recent years.
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What is this telling us about what's going on?
20:05
You know what, we need to go take a let's go get an update on
20:07
the gold price. Let's go check out what's going
20:10
on at Pinbacks and we'll check on, we'll check on the silver,
20:13
some silver coins as well, see what they got going on.
20:15
But there's our data from yesterday.
20:19
Let's double check that. OK, Silver's 3137.
20:23
Gold 2688, I will remind you, had we looked at these prices
20:28
one year ago, right now, we'd be jumping for joy, OK?
20:32
But we're not because as you know, silver had recently
20:36
touched as high as $35 per oz. But I want to say thank you to
20:40
Pembex for sponsoring Ron's Basement and treating all of the
20:45
Ron's Basement community so well.
20:48
I get overwhelmingly positive response from the Ron's basement
20:52
community who are purchasing their silver, gold, platinum
20:55
group metals and even talking to them about IRA conversions.
20:59
Look, I'll never tell you what to do, but what you guys are
21:02
telling me is that when you go to Pembex, you always get ultra
21:06
competitive pricing, a great selection and it's a company
21:10
that you feel good about, that you trust and you're having
21:13
great transactions with. So thank you Pembex and I'll
21:16
recommend to any of you who did not give them a shot.
21:19
Just throw them in the mix next time you're looking to buy some
21:22
silver, gold or platinum group metal.
21:24
So there's India, right? Not to mention, not to mention
21:28
India is the precious metals capital of the world.
21:31
Wait a minute, wait a minute, we forgot about something very
21:35
important here, basement dwellers.
21:37
India is also importing all the world silver.
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How could we forget? What's wrong with you?
21:44
How come you didn't remind me? Right?
21:46
Let's remember that India is like on track to import at least
21:50
250 million ounces of silver. Wait a minute.
21:55
We just looked at that ETF inflow data from Chris Marcus at
21:58
Arcade Economics. That's like 100 million.
22:02
India's taking on 250 million. There's not going to be any
22:05
silver left. I mean, think about it.
22:07
You know, Indian households have 27,000 metric tons of gold.
22:13
That's their households. What we were just talking about
22:15
is their central bank buying gold.
22:18
Outside of that, Indian households have 27,000 metric
22:22
tons of gold. Yes, that would be like 3 1/2
22:26
times what the United States of America supposedly has at Fort
22:31
Knox. So we're going to pay attention
22:33
to India and then I really, I apologize.
22:37
I'm sorry. I make mistakes, right?
22:39
We all make mistakes. I almost forgot to mention the
22:41
India silver story and Indians in and then we had coin chop
22:46
Chris go our friend coin chop Chris, right?
22:48
Coin chop Chris YouTube channel is telling me about this Indian
22:51
Doctor Who's coming into the coin shop all the time now and
22:54
tell him keeps yelling at Chris. Americans better wake the heck
22:59
up. He's not using the word.
23:01
Heck, he's using another word. And you can use your imagination
23:04
to figure out what that is. This guy from India who's a
23:07
doctor is like, Chris, Americans are asleep.
23:10
They don't know what's coming. They need to buy silver.
23:13
OK, Anyway, that's India. What else do we have?
23:17
Wait, wait, wait, wait, wait. We know what's going on with
23:20
China, All right? They're they're they're buying
23:24
it all. Let's, let's go.
23:25
Like, let's see what Peter Schiff has to say.
23:27
All right? Everybody's afraid of the Trump
23:31
presidency. Everybody hold on here.
23:34
Everybody's like, oh, inflation's going to go up and
23:37
the Fed's going to have to raise rates and that's making gold and
23:40
silver go down. That's the negative story.
23:43
It's not true. It's not what's going to happen.
23:47
And I happen to agree with Peter Schiff on this point.
23:49
And again, not a political statement.
23:51
We're just, we're just looking at what's going on out there and
23:55
trying to make sense. Is is Jake from Jake's Custom
23:59
Parts as as the dust settles, Pete Schiff says the US economy
24:02
has been in a bubble since the Greenspan era of the 90s.
24:06
Every president since then has relied on the bubble getting
24:10
bigger to take credit for fake economic growth.
24:14
Trump's plan is to pump in more air and hope the bubble doesn't
24:19
pop until after his term ends. And that, you know, again,
24:25
nothing political in this statement, but that's what I see
24:28
happening as well, right? They will, I mean, Donald
24:34
Trump's history is one of borrowing, borrowing, borrowing,
24:38
right, borrowing money and and pumping up the bubble.
24:42
They're going to have to print that.
24:44
You know, we're not going to get into it.
24:45
But the Fed is soon going to be faced with with with with the
24:50
with the necessity to print dollars just to keep interest
24:54
rates on bonds from going through the ceiling.
24:56
That's what we have coming. That's what's happening.
24:59
And that, my friends, will be a very, very positive situation
25:06
for the gold price and silver price.
25:07
Wait till you see this data. This one blew me away.
25:11
And this one has to do with you and me, right?
25:14
The average American. And this is frightening.
25:18
You talk about the economy being on edge.
25:21
Let's see what the Kobe C letter is telling us about the health,
25:25
the health of hold on here. Hopefully you guys are still
25:29
with me. OK, The health of you.
25:33
OK, breaking breaking news, US personal interest payments hit
25:37
556 billion in September, the second largest in history.
25:43
Personal interest payments since 2022, Americans interest costs
25:48
have doubled. OK, doubled.
25:51
Wait till you see this graph down below this metric OK is
25:56
also material materially higher than the 2% seen in the 1970s
26:02
when interest rates were almost twice as much as the current
26:06
rate that we're at now right. the Fed has rates at 4.75 to 5%.
26:10
What they're saying is right, that right now that the as a
26:15
percentage of people's income, their, their interest expense is
26:19
higher than in the 1970s. And in the 1970s, interest rates
26:23
were double what they are now. All while total you, I didn't
26:27
realize this total US household debt hits a record almost 18
26:32
trillion. Consumers are drowning in
26:34
interest expense. And look at this personal
26:37
interest payment chart. Let's pull this up.
26:41
This is where we're headed, guys, right?
26:43
There's 2000, 2010, 2020 drop down.
26:47
And look at this. That's called a hockey stick.
26:51
That is not a good sign for what's to come in the US economy
26:55
because consumers can only take on so much debt, can only afford
26:59
to pay so much credit cards, especially when this is
27:02
interesting, especially when grocery prices are going through
27:06
the roof, right? And what's going to wind up
27:08
happening again as the economy crashes, the government is going
27:14
to have and the Fed is going to have no choice but to stimulate,
27:17
cut rates, provide stimulus, and that will all be diluted to the
27:21
dollar and will make you very happy.
27:24
Hopefully you own some of this. Do you own one?
27:27
If you do grab it right, you're going to be very happy that you
27:31
own this because as those interest costs go through the
27:34
roof, look at this. This is this is very interesting
27:38
came from one of our viewers, Mr. Sean.
27:41
And this is a chart showing the average grocery bill.
27:47
I want you to look at your state by state, OK?
27:50
And then there's something very interesting in here.
27:53
So look at look at this map, look at your state and this is
27:57
the average weekly grocery bill for each state.
28:01
Now, I live in Missouri, so I'm at 2:44.
28:05
But what I found very interesting is that California,
28:08
it almost, I kind of throw out Alaska and Hawaii because
28:12
there's the logistic cost involved with that.
28:14
But California, one of the highest, right, 298 is, you
28:20
know, not, not, not 50%, but darn near much higher than
28:24
Wisconsin, right, the lowest at $221.00 per week.
28:30
Look at your state. And then what I was also
28:33
surprised about on this is I would have thought that on the
28:36
East Coast, like Delaware 246, that's like the same as
28:42
Missouri. I would have thought on the East
28:43
Coast that the that the cost for groceries would have been much,
28:47
much higher. OK, very interesting
28:50
developments. I want to say thank you to Joe
28:54
and we need to go. We got more to look at here.
28:56
Guys, hold on one second. Thank you to channel sponsor
28:59
First Mining Gold, Canadian gold development company with two
29:03
multi million ounce projects in Canada and Fortuna Mining who
29:09
reported great earnings this week.
29:10
I have an interview with Jorge Gonoza, the CEO that you can
29:14
check out. Here's their website,
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fortunamining.com and our friends at Dirty man safe,
29:20
right. If you want to hide your well,
29:23
what did I heard somebody say this the other day regarding
29:26
where's, where's the picture? Hold on, we're loading.
29:31
This is a safe that you can bury in your yard.
29:34
There's a tube and you put that in there.
29:36
But that that this is actually I heard someone arguing this is
29:41
actually safer than having a safe in your house because safes
29:44
in a house are always a target for thieves.
29:46
Whereas with this, you get to do like like the pirates do bury it
29:49
in the backyard, your own buried treasure.
29:54
And there's even a like a piece of grid paper they send along so
29:57
you can draw a map for yourself or maybe your heirs or whoever
30:00
down the road. There is a discount code Ron 10
30:05
if you decide to buy 1, you get 10% off if you use that.
30:08
The other thing that I ever thought of and I guess with
30:10
precious metals, I don't know, but you know, if they all stuff
30:15
buried in the ground is like protected from fires, things
30:19
like that as well. So how's everybody doing this
30:22
morning? Man, what a great community.
30:25
India, India. Oh yeah.
30:27
This guy from India is telling Coin Shop Chris that like in
30:31
India, people are becoming crazy about silver.
30:34
We're going to have Chris on next week to talk more about
30:37
this new friend of his, this doctor from India.
30:40
But he's telling Chris, like you Americans need to get silver and
30:43
you need to get it now. Like people in America are
30:46
asleep. And we've talked about that.
30:48
There will be, there will be that light bulb moment when
30:51
people start to wake up en masse in our country and you're going
30:56
to be really happy, very happy that you've already got your
31:00
hands on the silver and gold that you have at that point,
31:03
right, 'cause he says in India, like, you know, and the guy
31:06
bought likes American Silver Eagles, right?
31:09
He also likes the, the Canadian Maple Leafs piece of people's
31:14
eyes just light up that like silver is becoming very, very,
31:18
very popular in India. Let me look over the notes here.
31:22
Make sure we didn't forget anything.
31:25
Here we go. All right, guys, where do we
31:27
think? Where do we think the silver
31:30
price will be one week from today?
31:34
Let's be real. OK, let's be real.
31:36
There's a lot going on, and nobody knows for sure, but I'm
31:39
going to put my guess. I'm going to say we're going to
31:42
be at 33 minimum next week. Did that go through?
31:47
I can't see it. Hello, 33 enter.
31:53
I don't know if the if the we might be having some technical
31:57
problems. India loves gold and silver.
32:00
Yes, Putin knows Fiat dollar will crash.
32:03
Yes, yes, absolutely. Just reading through some of the
32:06
comics here. Thanks Pin backs.
32:07
Thank you, Jake. Tom Larson.
32:10
I think, I think which basement dwellers buying all the silver.
32:15
Yeah, right. OK.
32:20
Are you buying all the silver, Jake?
32:22
The rest were good. OK, let me get down here.
32:25
Hold on. Oh, now I see the problem here,
32:27
guys. We're going to see what we
32:28
everybody. What the heck?
32:31
Boy, there's a so many people on here.
32:33
I think my computer's going 33 plus for Ron 34.
32:37
OK, Silver Sparky, good to see you.
32:42
Yeah, I think that we will have. Hold on a minute here.
32:47
Everybody talks about Trump and Elon Musk too and like, oh, now
32:51
Trump is with all these his new policies are going to be
32:55
negative for silver. Think about this.
32:58
Who's Donald Trump's best buddy right now?
33:01
Elon Musk. Think about Elon Musk.
33:04
What industries is, are, are he is, are he in, are, is I don't
33:09
know is he in? He's in the electric car
33:13
business, he's in the solar panel business, both of which
33:17
need massive amounts of silver. I wouldn't think that Donald
33:21
Trump, now that he's elected, is going to do anything to inhibit
33:25
Elon's ability to sell electric cars and install solar panels,
33:29
right? And we know what's going on in
33:31
the world. This whole idea, I don't know.
33:34
I don't know how you feel about this, guys, but the idea that
33:38
the the that the silver price and gold price cap smashed down
33:43
after the election just didn't make much sense at all.
33:47
All right, guys, I'll be back in the real basement real, real
33:51
soon. Hopefully next time you see me,
33:53
that's where I'll be. OK, We'll have the teddy bears,
33:56
everything back. I want to say thank you to
33:58
everyone for your support, your support of me, Susie, the
34:01
channel, your fellow basement dwellers.
34:04
We've got such a great community here.
34:06
It's not possible, right? And when I say this, I'm talking
34:09
to you, right? It's me.
34:11
I'm just one of you as well. This is YouTube, not Ron Tube.
34:15
So I want you to feel welcome here, like you're part of the
34:19
group. And what a wonderful.
34:21
I mean, I don't remember the last time we had to ban anybody
34:23
from the channel or they're such great, nice people.
34:27
So I want to say thank you for all that.
34:28
Have a great day. OK?
34:30
Be safe, and I'll see you soon. Thank you.
34:32
Thank you.