Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 It's STARTING! 🚨 Prepare for the Precious Metals BIG Change... (Gold and Silver Price NEWS)
Transcript
- 0:01$100 silver. Who said it and why?
- 0:05We're going to talk about that, but can you feel it?
- 0:08Isn't it getting really crazy out there right now?
- 0:12Look, we're going to talk about from the Grand Bazaar all the
- 0:15way to Bullion Star, a mad scramble appears to potentially
- 0:21be breaking out for silver and gold.
- 0:24People wanting to get their hands on physical metal all
- 0:27around the world. I'll bring you the latest on
- 0:29that as well. We got a lot more to talk about
- 0:31fraud, a state here in the United States that's now buying
- 0:35gold and silver to keep in their own vault in their state.
- 0:39And will the Fed be raising rates?
- 0:41But without further ado, let's jump right into this hot
- 0:44subject, which is when is silver going to get to $100 again?
- 0:49And a lot of the top analysts are calling for the potential of
- 0:53a very fast rebound. But there's one guy who I
- 0:56respect the most in the upper echelon of people in the silver
- 1:01sector, and that's Keith Newmeyer.
- 1:03Keith Newmeyer coined the phrase triple digit silver, and he
- 1:07doesn't make a lot of public statements, but he said
- 1:10something yesterday on X that caught my attention.
- 1:14Let's go take a look at that right now.
- 1:16Mr. Keith Newmeyer said this and there we go.
- 1:22He said it'll be back to triple digit silver.
- 1:26Give it a few months. Do you think we can wait that
- 1:28long, guys? I think we'll be OK.
- 1:31New highs are coming, all right? He said earlier I was right
- 1:35about about $100 silver. The rally being driven by
- 1:39physical demand and that's the big key.
- 1:42That's something that Keith has been driving home.
- 1:45That's something that we've been talking about for, gosh, years
- 1:49and years. But in over 2025 that this rally
- 1:54that we experienced from $30 to $120.00 was not a speculative
- 2:00rally. Maybe the last little section of
- 2:03it was John Lee from Silver Elephant was on a week ago
- 2:06explaining that to us. Hold on one second here, guys
- 2:10explaining that to us that, that maybe that last little part from
- 2:14around 100 to 120 was speculative paper driven, but
- 2:19this has been a physical driven rally.
- 2:22Keith Neumeyer, right, the founder, Chief Executive Officer
- 2:26of First Majestic Silver, no silver better than anybody and I
- 2:30happen to agree with them. We've got people like Michael
- 2:33Oliver, we all everybody, and we're going to look at some
- 2:35charts in a little bit, especially when it comes to the
- 2:39silver to gold ratio that show us we could be in for some very
- 2:42good at times. What about China?
- 2:45All right, let's talk about the the scramble for metals around
- 2:48the world. Let's dig into that because it
- 2:50gets fun and interesting. The Oriental Ghost shares this
- 2:54with us and he says that the gold price has plummeted and
- 3:00China has seen a big wave of buying gold.
- 3:04Major banks are out of stock for gold bars weighing less than 50
- 3:09grams. That's like what, a little over
- 3:121 1/2 oz? That's like 1 2/3 oz.
- 3:15Purchasing gold bars at major gold stores in Beijing requires
- 3:20an appointment and does not guarantee supply.
- 3:24March 24th, data as follows, and I can't read Mandarin, but we
- 3:28can read this. This is the latest report from
- 3:31the Shanghai Gold Exchange, and I want to point out something
- 3:34interesting. Of course, we'll look at the
- 3:37spot price of silver in China, which is now at $77 per oz and a
- 3:44little backward dated. That's interesting.
- 3:47This is the Shanghai Gold Exchange.
- 3:49That's their physical market. Let's look at their futures
- 3:52market where the price is a little bit lower.
- 3:57This price, the futures price and a normal market that's in
- 4:01the state of contango should be higher and it's actually a tad
- 4:05bit lower, which for China is unusual.
- 4:08Anytime a market is in this state, which is called
- 4:11backwardation, that is unusual and typically indicates that
- 4:17there's concern. People are willing to pay a
- 4:19premium basically to get the metal right now as opposed to
- 4:23waiting to the future where it should be more expensive.
- 4:26So very interesting. But what's even more interesting
- 4:29is down here, people are noticing that the vault at the
- 4:33vaults at the Shanghai Futures Exchange, that level has been
- 4:37going up still traditionally very, very low.
- 4:42And as he said, there is a scramble for physical metal in
- 4:47China right now. Now, next, let's go to Singapore
- 4:50because we're getting reports and we'll go to Singapore next.
- 4:53Hold on one more pertinent point about the vaults.
- 4:57Eric Yong, King Kong 9888 shares with us.
- 5:00I think global physical silver drain accelerated while the
- 5:05silver price was nuclear slammed.
- 5:08And this is a chart that shows the inventory levels at the
- 5:12Shanghai Gold Exchange and the Shanghai Futures Exchange.
- 5:16You can see 2020 right there. Look how high those levels were,
- 5:21with the pink being the futures exchange and the Gray being the
- 5:25gold exchange. Look at this guys.
- 5:28I mean, yeah, sure, they may have popped up a little bit here
- 5:31in the last in the last week or so.
- 5:34But as you can see, right, it's not just the COMEX where there's
- 5:38definitely stress. I'm hearing like 78,000,000
- 5:41ounces in the COMEX registered vault right now, but it's
- 5:45happening in China as well. Make sure I hit all the points
- 5:49on that. OK?
- 5:50Now, how you doing? Hey, thank you for joining us
- 5:53down here in the basement on behalf of myself and my lovely
- 5:56Co host upstairs, Susie, we appreciate you being here.
- 5:59Please. It's free for you to subscribe
- 6:02to the channel. That way you'll get notified
- 6:04every time we come live, hit the bell so you get notified.
- 6:08Give the video a thumbs up. Super chat, super thanks.
- 6:11Never expected, always appreciated.
- 6:13And most importantly, you got a good head on your shoulders,
- 6:17right? You are smarter than the average
- 6:18bear. We want to hear from you.
- 6:20Leave a comment in the comment section, right?
- 6:23That's how we learn is from each other.
- 6:25Now, let's go on, but we're going to talk.
- 6:28What about this scramble for physical metal around the world?
- 6:31We're going to go from the Grand Bazaar all the way to Bullion
- 6:35Star. And why don't we start with
- 6:37Bullion Star for their latest update because it's becoming
- 6:41more and more critical and boom, wrong 1.
- 6:47Hold on here. Uh oh, uh oh, uh oh.
- 6:53I screwed up. Bear with me, guys here.
- 6:55I'm going to let you look at this chart for one more second
- 6:59while I go out here. Get.
- 7:02Hold on. Stay with me.
- 7:05We're going to get there. Hold on.
- 7:11Uh oh. Hopefully you guys can see me
- 7:15and hear me. I think we're having some tech
- 7:16issues. Hold on.
- 7:23Yep, here we go. I got it.
- 7:24Now. I think we're back.
- 7:31Hold on, guys. And things are going off the
- 7:34rails here. We're having some tech issues
- 7:36with the streaming software. Hopefully, you can see me and
- 7:38hear me. We're going to go now to Bullion
- 7:40Star in Singapore, one of the biggest bullion dealers and get
- 7:44up like up to the hour update in terms of what they are seeing.
- 7:49And here it is right here on your screen.
- 7:51Bullion Star says we're seeing a clear uptick in physical demand
- 7:57around 3 times our normal daily sales yesterday.
- 8:02Prices dip, but buying actually surged.
- 8:04More customers are stepping in on weakness instead of waiting
- 8:09on the sidelines. Lower prices aren't pushing them
- 8:11away, they're pulling them in. That tells you everything about
- 8:15where conviction sits right now. So that is Bullion Star, which
- 8:20is the biggest boat sing, Singapore's premier gold and
- 8:24silver bullion dealer now operating in the United States
- 8:27and New Zealand. But Bullion Star also guys, but
- 8:31it's important to understand Singapore is a very wealthy
- 8:34country with sophisticated investors.
- 8:36So next, I apologize for the tech issues.
- 8:42We are doing the best we can. I know some of you get
- 8:44frustrated. Well, we're a one man band.
- 8:46Literally. I'm in the basement connecting
- 8:48with you. So thank you for your
- 8:50understanding. But we went to Singapore now all
- 8:53the way together from wherever you are and me in the basement.
- 8:56Let's go to the Grand Bazaar in Turkey because we're getting
- 9:00some crazy pictures coming from Turkey about demand for silver
- 9:06and gold. This comes from the Silver Wolf.
- 9:10Turkish people are lined up to get their hands on gold and gold
- 9:16on. So it's on fire sale.
- 9:18Sorry about that. Look at that, lines of people.
- 9:20OK, now then we come down here. Silverwoof shows the Grand
- 9:25Bazaar in Istanbul. People are lining up there as
- 9:29well. All right, this is According to
- 9:31him, these people are lined up for gold and silver.
- 9:34But then another one from Silverwoof people lined up in
- 9:38front of bold bullion shops in the Grand Bazaar in Istanbul.
- 9:44Hold on here, Make sure we got the right screen.
- 9:48Yeah, there we go. That looks like a cool place
- 9:52that'd be. You know, that would be a fun
- 9:54field trip for us basement dwellers to go on together.
- 9:57OK, Now on top of that, when we're talking about physical
- 10:00metal, let's beg the question, because more and more people are
- 10:04bringing this up, is the Comex indeed dying at this point?
- 10:09Because we got some stunning data from Friday about the level
- 10:13of activity at the COMEX, and it's actually not good.
- 10:18OK, TF Metals reports the final numbers for Friday confirm this
- 10:23at 1000. I'm sorry, 111,000 contracts
- 10:27total. COMEX Silver open interest was
- 10:30the lowest seen in 14 years. OK, read between the lines,
- 10:37right? Open interest activity at the
- 10:39COMEX. A lot of people are pointing to
- 10:41this as speculation that it shows that the the Western paper
- 10:47markets are losing quite a bit of their control over the actual
- 10:53silver price. So we're going to keep a close
- 10:55eye on that. Now let's go to some charts.
- 10:57Let's go to the long term. Here's a new one for us to look
- 11:00at from the Happy Hawaiian. Zooming out to see 100 years.
- 11:06This is the silver to gold ratio.
- 11:09So this if you take the silver price and divide it by the gold
- 11:13price, you'll get this ratio. It broke out and is now
- 11:18retesting said breakout. The reason that we're looking at
- 11:21this and talking about this is this potential for a fast
- 11:26rebound in the silver price in particular.
- 11:29We are rooting for gold, no doubt about it.
- 11:32But as the silver to gold ratio right as we can see broke out on
- 11:37this long term chart going back several decades, that could
- 11:41provide us with the slingshot move that you hear people like
- 11:46Michael Oliver talk about other top leaders in the silver and
- 11:50gold sector. And let's go to the next chart
- 11:53we have free. Hold on a minute, wrong 1.
- 11:57Hold on here. OK.
- 12:00Oh, shoot, hold on, boy, oh boy. Right.
- 12:03The the the tech is going crazy. We'll come back, we'll come back
- 12:06to this one in one second before we do that.
- 12:12It's been a it's been a boring three months in the silver
- 12:15market, hasn't it? Think back over the last three
- 12:18months, right? Everything that's happened in
- 12:20the silver market, but the reality is really shocking when
- 12:25you look at this Our our great friend make gold great again
- 12:29points this one out and it's a it's a it's a it's enlightening
- 12:33for us to realize this. He says it's been a boring three
- 12:36months in silver. We're only down 1%.
- 12:40So when you when you pull up a three month chart of silver,
- 12:44what you see is that almost exactly over the last three
- 12:47months, the price has barely moved, OK from start to finish.
- 12:53We know that in between there was obviously a massive run up,
- 12:58you know a bunch of movement. But over that three month period
- 13:02guys, three months ago and that's that's what I want to the
- 13:05point I want to drive home for us.
- 13:07And I think important for us to remember three months ago when
- 13:11silver was at $70.00, right? If we talked about the fact that
- 13:16three months in the future, which would be today that silver
- 13:19would still be around $70, we probably would have been pretty
- 13:23happy. We would have said, wow, it went
- 13:25from 35 to 70 and it consolidated in the 70 range for
- 13:29three months, providing a great platform from which it can go
- 13:33higher and higher in the future. Think about it right now, we
- 13:37know what happened over those three months and we can sit and
- 13:40cry in our in our, you know, oh, we went to 120 and now we're
- 13:43back to 70. But the reality is that three
- 13:46months ago, had we known that three months later silver would
- 13:50still be at $70, we would have been pretty darn happy.
- 13:53And I guess it's a, you know, that volatility, that massive
- 13:57volatility that has gone on in the last three months, it's
- 14:01shaking out almost anybody, right?
- 14:03Most all the people that don't have very strong conviction for
- 14:08the silver price. If you have strong conviction
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- 14:31They have a discount code VIPRB like very important person Ron's
- 14:37basement. Here's the backside of one of
- 14:40their more recent coins. This is the the year of the
- 14:45horse coin, which is absolutely beautiful.
- 14:48Man, I just love nothing like picking up a nice piece of
- 14:52silver. Again, the websites first
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- 15:02buying experience to the Ron's Basement community.
- 15:06OK, so let's go. Oh, there's all now if you heard
- 15:09this big there's a lot of controversy going on that that
- 15:13that that is points toward the potential speculation that there
- 15:17was some funny business trading wise that went went on yesterday
- 15:21morning before the big announcement that Donald Trump
- 15:25made on true social that he was not going to commence with a
- 15:31bombing campaign on Iran last night.
- 15:33Ash crypto. And then we're going to hear
- 15:35from Kobesi about this says what the heck?
- 15:38Iran's parliament speaker says the US has used fake news of
- 15:43peace talks with Iran to manipulate oil in financial
- 15:47markets. Multiple reports on X claim
- 15:50insiders made-up to 100 million today with this trade.
- 15:55So when when that announcement was made right, Bitcoin went
- 15:58skyrocketing, the S&P 500 went skyrocketing, the NASDAQ and of
- 16:03course oil crash. Now Kabasi has this to say,
- 16:08which is very interesting in regard.
- 16:11Hold on one second. Sorry guys.
- 16:13In regard to this speculation, it says is this the best timed
- 16:20trade of 2026? And hold on.
- 16:25Yep, we got you up. At 6:50 AM yesterday, 1.5
- 16:30billion in notional value worth of S&P 500 futures contracts
- 16:34were bought. This trade was so large that it
- 16:37sent the entire index of .3% in that one minute.
- 16:41Then 14 minutes later at 7 O 4:00 AM Eastern Time, President
- 16:46Trump announced productive discussions with Iran were
- 16:49underway. By 7:10 AM the S&P.
- 16:51It added 2 trillion in market cap that that 1.5 billion
- 16:55position was up $60 million in minutes.
- 17:00Absolutely incredible. So there's some people out there
- 17:04that are speculating that maybe there was a little bit of early
- 17:10notice given to certain people. I don't know, but it certainly
- 17:13is an interesting situation, guys.
- 17:16Now let's talk about the Fed. Everybody thinks we need lower
- 17:20interest rates for gold and silver to continue higher from
- 17:22here. A lot of people are very scared
- 17:25that the Fed's going to raise rates.
- 17:27The Fed's going to raise rates. OK, Now we're going to go look
- 17:30at the CME Fed watch tool and see that indeed, the Fed might
- 17:34raise rates. But I'm going to reiterate to
- 17:36you why that doesn't matter. And I'll make it very simple and
- 17:39very easy for you to understand. But it is almost unbelievable
- 17:44how much things have changed in just a few day, a few days.
- 17:48We are here at the CME Fed Watch tool.
- 17:51This gives us what the big money futures market is betting in
- 17:56terms of where interest rates will be in the future.
- 17:59So again, almost unbelievable. Hold on here, you get that.
- 18:05Oh, shoot, that won't go away. Hold on one second.
- 18:10There we go. OK, so this is the next meeting
- 18:15of the Fed. I'm circling that for you in the
- 18:17upper right, upper left corner. This is the current interest
- 18:21rate that the Fed has set 3.5 to 3.75.
- 18:25As you can see, there is now an 8.3% chance that the Fed is
- 18:31actually going to raise rates at the next meeting and a 91%
- 18:36chance that they're going to leave rates the way they are.
- 18:39That's right there, 3.5 to 3.75. Now it gets even more
- 18:42interesting. Then we're going to, we're going
- 18:44to learn why this doesn't really matter.
- 18:46Don't you worry if we go to this tab up here, we'll just go to
- 18:50October. So what the market is indicating
- 18:55for October, again, here is the current rate, 3.5 to 3.75.
- 19:02They're saying that there's a 3% chance that rates could be up by
- 19:06.5%. Wow, unbelievable.
- 19:10And a 24% chance that they would be up by .25%.
- 19:18Wow, that is crazy. And a 73% chance.
- 19:24Hold on here, 73% chance that rates will remain the same.
- 19:31That is incredible OK, so we've moved suddenly we're in an
- 19:36environment where instead of thinking about the Fed cutting
- 19:39rates significantly during 2026 every.
- 19:43It's crazy what is going on. This is why it doesn't matter
- 19:47the rate. The rate really doesn't matter.
- 19:49What matters is the gap between where interest rates are right
- 19:55and where the inflation rate is, OK?
- 19:57So if like right now, both interest rates and inflation,
- 20:02we're going to say are pretty much equal, around 3.5%, OK, If
- 20:06the Fed were to lower rates now, oh, that would be great.
- 20:09That would be great, right? Because interest rates would be
- 20:12lower, but inflation would stay where it is, right?
- 20:16And that would mean that we would have negative real
- 20:18interest rates. So everybody thinks, oh, if the
- 20:21Fed raises interest rates, that's got to be bad for gold
- 20:24and silver, no? The Fed can raise rates and they
- 20:28can't raise them that high because we got an unbelievable
- 20:31debt problem this country. So even if the Fed raises rates
- 20:34by let's say .5%, that's this hand over here goes up a little
- 20:39bit. If inflation goes up, debt,
- 20:41let's say 6% or 8%, The gap between inflation and interest
- 20:48rates is what matters. If the interest rates are 4% and
- 20:52you're making 4% on your money, but the inflation 8%, you're
- 20:58losing 4%, that is called negative real interest rates.
- 21:02So while the headlines and the the people that don't really
- 21:06want to understand what's going on will say if the Fed raises
- 21:09rates, that's bad for, for gold and silver, no, If the Fed
- 21:14raises rates to a rate higher than the inflation rate, yes, it
- 21:18absolutely is bad for gold and silver.
- 21:21But they can't do that because we know inflation is going to
- 21:24take off like crazy. The cat's out of the bag, right?
- 21:29The ship has sailed unless it's trying to get through the Strait
- 21:32of Hormuz. But you get my point, right?
- 21:35The, the energy, the, the infrastructure, it's going to
- 21:38be, it'll be 6 months to a year under the best of outcomes and
- 21:43circumstances that oil prices will come back down, right?
- 21:47And we already had high inflation.
- 21:49So don't listen to this. It's a bunch of bunk.
- 21:51Anybody who says that if the Fed raises rates, that's
- 21:54automatically bad. No, right.
- 21:57If inflation is going up faster than the interest rate
- 22:00increases, it doesn't matter. It's the gap.
- 22:03OK, you got to mind the gap. I hope that makes sense because
- 22:06that's true and I'll stand by that 100% right?
- 22:11The other thing people will talk about is the dollar, the DXY
- 22:14index, blah, blah, blah. Yeah, it's up a little bit
- 22:17today, but it really doesn't make doesn't really mean all
- 22:22that much. Let's talk about a state in the
- 22:24United States that is buying gold.
- 22:27It's a big deal going on on a state by state basis in the
- 22:31United States legal tender legislation.
- 22:34The way the United States is set up, like states have certain
- 22:37rights, things they can do independently.
- 22:40There's been a wave of individual states in the United
- 22:43States and acting legal tender legislation.
- 22:46Texas, Missouri, the list goes on and on.
- 22:49New Hampshire, all the, all the, all the smart states are doing
- 22:53it. We're going to talk about what
- 22:54Wyoming is doing. They're one of the latest.
- 22:57We're going to talk about that next.
- 22:58First, I do want to say thank you to 1st Mining Gold for
- 23:01sponsoring Ron's basement, their development stage gold mining
- 23:05company. They've 2 huge projects, Spring
- 23:08Pole in Ontario and Duke Parquet located in Quebec, each of which
- 23:13have millions of Oz of gold in the ground in Canada and they're
- 23:17working them through the development stage.
- 23:20The I own long before they sponsored my channel.
- 23:23You can learn more about them at firstmininggold.com.
- 23:26Please always remember I'm not a financial advisor.
- 23:29Always do your own research and seek professional help if you
- 23:33need it. OK, let's go to Wyoming and put
- 23:36a smile on our face. Wyoming is very progressive and
- 23:40very smart about how they handle things.
- 23:43In this right is what's happening Wyoming's gold hedge
- 23:47and the return of state bullion. OK, now here's what I want to
- 23:54read to you. That's their, that's their,
- 23:57they. They've got a big facility
- 23:59they've built for storing gold and silver.
- 24:02That's the Wyoming Reserve Vault building in Casper, WY, says in
- 24:07a recent article on the Wall Street Journal.
- 24:09Jared Mitovich documents one of the clearest examples of this
- 24:13trend, the trend being states starting to buy gold and silver.
- 24:17Wyoming has begun purchasing and storing gold in their in their
- 24:22situation as part of its state investment strategy, becoming
- 24:27one of the several states experimenting with precious
- 24:30metals allocations as a hedge against economic instability.
- 24:35The state's first purchase was modest in institutional terms,
- 24:40but symbolically significant. Is that your basement?
- 24:45How did they get a picture of your basement out there on the
- 24:48Internet? So guys, it is happening
- 24:51everywhere in the world. OK?
- 24:54Really the United States is last to catch on.
- 24:57Canada's a little bit behind us, right?
- 24:59The Canadian government owns like no gold or silver, but it's
- 25:04happening all around the world. Ray Dalio said it last night.
- 25:09I was listening to him. He was like, the world central
- 25:12banks are buying massive amounts of gold, right?
- 25:15Tether, one of the world's biggest crypto companies, is the
- 25:18next biggest buyer of gold behind the world central central
- 25:21banks. I mean the the think about the
- 25:24level of uncertainty and distrust going on in the world
- 25:28right now on a geopolitical level and how countries are all
- 25:32going back to being nationalistic, but also right
- 25:36buying gold, buying silver. This is just really absolutely
- 25:42an incredible time to be alive. Let me run out here quickly
- 25:46check on this uh oh, hold on a second.
- 25:49Hey, Del Stone, thank you. Wow, we got a super chat.
- 25:54Del Stone, you are famous on the Internet today.
- 25:57Thank you for the Super chat there.
- 25:58Never expected, always greatly appreciated.
- 26:02I've always, you know, I've got great sponsors.
- 26:04We got a great community. Let me speak to that for a
- 26:06second. The the, the basement dweller
- 26:09community. That's what we call ourselves,
- 26:11right? We love gold, we love silver,
- 26:13but we love the community and the people here have always been
- 26:16awesome. I've got great sponsors, First
- 26:19mining Gold and First Men and moon pay that help, you know,
- 26:23help help subsidized what I'm doing down here in the basement.
- 26:26I've never charged for subscriptions.
- 26:28I always beg for you to subscribe.
- 26:30That's free, but no like monthly subscription or anything like
- 26:34that. So thank you guys so, so much.
- 26:37And I know I can speak Susie's at the grocery store, but I can
- 26:41speak for her and tell you that we really love the people in
- 26:46this community. You've been so good to us.
- 26:48So thank you. All right.
- 26:49Have a great day. And I will see you.
- 26:53Yeah, I will see you soon. OK.
- 26:55You matter. You're important.
- 26:56Take care and I'll see you next time.