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**SILVER Price Manipulation!** 🦍 You MUST Hear WHO is GUILTY! - (Gold Price too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Silver just had a massive change.
• 0:03
  Are you ready for 91 hundred 120 or higher silver prices?
• 0:09
  What about 70 or $80 silver? Hey guys, We got to
• 0:14
  differentiate between what we're talking about on a short term
• 0:18
  basis and a long term basis. And we've got some big major
• 0:22
  developing stories that we are going to cover together today
• 0:26
  here in the basement that'll give us the vision as to where
• 0:29
  we silver and gold for that matter, going on both a short
• 0:34
  term and a long term basis. So thank you for being down here
• 0:37
  in the basement with me. I feel like we're all friends
• 0:40
  down here. It gets crowded in the basement
• 0:43
  and we have 10s of thousands of people joining us on these live
• 0:47
  streams. It's only because of you.
• 0:49
  So thank you. Please give it a thumbs up.
• 0:52
  Subscribe to the channel. Super chats are never expected
• 0:56
  but always appreciated. And leave a comment in the
• 0:58
  comment section. Why don't we start by going out
• 1:01
  and taking a look at the volatility.
• 1:03
  And then we're going to dig into the charts for some clues.
• 1:06
  And then we got a lot more to cover, including China, right?
• 1:09
  I'll ring the gong for you, don't you worry.
• 1:11
  And a number of other big stories, including Trump.
• 1:14
  But let's head out here to Kitco and take a look.
• 1:19
  Am I on the wrong screen? Hold on one second here, guys.
• 1:22
  Susie upstairs. Susie is not here today.
• 1:27
  Hold on one second, wrong screen.
• 1:29
  That's first. Mining gold.
• 1:30
  Now we're on Kid Co. I apologize for that.
• 1:33
  Kid Co gold and silver spot prices, which are showing us
• 1:38
  that right now we're down $1.35 and silver.
• 1:42
  Gold. Silver's been much more volatile
• 1:44
  than gold as of late. Gold down just a hair, still
• 1:47
  holding building right above $5000 per oz.
• 1:51
  But let's focus in on silver and some very interesting
• 1:55
  developments right now on the silver chart.
• 1:58
  Oren, our friend Oren Elbaz, great analyst, great guy that
• 2:02
  I've talked to you over the past couple years, had this to say.
• 2:06
  How many times did they try to knock silver down below $80 per
• 2:11
  oz in the last 48 hours? This is the eighth attempt and
• 2:16
  counting. Somebody is getting desperate
• 2:19
  and take a look at this chart, guys.
• 2:21
  In the last 48 hours, they've attempted to break that 80, and
• 2:25
  they're doing it right now. It's going to be very
• 2:28
  interesting to see how the rest of this day plays out in the
• 2:33
  silver market. I'm going to go against the
• 2:35
  grain because a lot of the technical analysis analysts
• 2:37
  right now are saying, oh, now silver is going to pull back to
• 2:40
  70 or even $65 range. I think we're in for a surprise,
• 2:46
  OK? I think that we're in for two
• 2:48
  weeks, 3 weeks from now, silver prices in the mid to high 90s
• 2:54
  and, and I feel very strongly about that.
• 2:57
  But remember, OK, it's time for that.
• 3:00
  Look, we got to be big boys and girls.
• 3:02
  Remember, volatility is part of the game.
• 3:06
  Nothing goes straight up forever.
• 3:09
  Long term, I believe 195% that we're going to have silver
• 3:13
  prices that'll that would make our head spin right now.
• 3:17
  But part of anything going up huge in price, big upward moves
• 3:22
  are also accompanied by big volatility.
• 3:25
  Look at what happened with gold during the Weimar period in
• 3:28
  Germany. I mean, gold just shot up in
• 3:31
  price, OK. But on a month by month basis
• 3:34
  there was radical, I mean crazy volatility.
• 3:37
  So I know it's no fun. I don't like pulling up charts
• 3:40
  and saying, oh, look, it's red. I don't like pulling up wedge
• 3:43
  charts and triangle charts and saying, oh, we're breaking down,
• 3:46
  blah, blah. But it's part of the process.
• 3:49
  It's part of the game. No pain, no gain.
• 3:53
  Anyhow, let's go look at some more charts, get some more bad
• 3:56
  news about Silver. And maybe not all bad news, but
• 4:00
  here we go. This is another one from Oren
• 4:04
  yesterday. I'm more optimistic that
• 4:06
  yesterday Silver passed the test.
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  Very important for it to close the day above the two critical
• 4:11
  support levels, the $80 horizontal support in the lower
• 4:15
  bound of its Pennant formation. OK, And there's that chart right
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  there. Now we're going to skew up.
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  Hold on, Susie's going to be calling me here in a second.
• 4:26
  Here we go. I'm sorry, I forgot to share the
• 4:27
  screen upstairs. Susie is away from the house for
• 4:31
  a little bit here. We make sure I got that up for
• 4:33
  you, which I did. That's the OREN chart, right,
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  $80 being so critical. Do you think we'll close above
• 4:40
  $80 today? I do.
• 4:42
  I'm going to be optimistic, and I'm not usually the most
• 4:46
  optimistic guy out there. This was the -1 that I wanted to
• 4:50
  point out. Silver trade said silver has
• 4:54
  broken down below its triangle flag pattern with a daily close
• 5:01
  below the bottom trend line. Silver is currently.
• 5:03
  There's something very interesting though that they
• 5:06
  bring up at the end of the Silver's currently attempting to
• 5:08
  mount a rally back into its four month triangle.
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  It needs to succeed quickly. We are right with all these
• 5:15
  triangles. We are a do or die time for this
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  to be a false breakdown before an upside breakout.
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  If the bottom trend line becomes resistance on the retest, more
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  short term pain is likely ahead for silver prices.
• 5:29
  However, in the medium and long term, further price weakness in
• 5:35
  silver will likely only exacerbate the escalating silver
• 5:42
  supply crisis. Think about that, right?
• 5:45
  The reason why that is so powerful and so critical.
• 5:49
  If they're able to push silver down to $70.00 an ounce, If
• 5:53
  they're able to push silver down to 65 or $63 per oz, think about
• 5:59
  it. People are going to come in.
• 6:01
  China and India are going to come in and buy up silver.
• 6:05
  There's already a silver inventory crisis at the Shanghai
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  Futures Exchange. We're going to look, we're going
• 6:12
  to hear about breaking news about the inventory at the
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  Shanghai Gold Exchange. There's hardly anything left at
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  the COMEX in the registered vaults in the in the in the
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  other one, whatever eligible, the other one that supposedly
• 6:27
  his own that it's in trouble too.
• 6:29
  So what he's saying, which is powerful is if we do, I don't
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  think we will. But if we do and we certainly
• 6:36
  could, please always be prepared for anything.
• 6:39
  Silver can be volatile, but if we do get that price draw down
• 6:44
  in silver to 64 or $65 per oz, people are going to come in and
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  buy it like crazy. And that could, that could like
• 6:54
  blow up the whole, you know, there's not a lot of physical
• 6:58
  silver available in the world right now.
• 7:01
  So while that's a negative development on the charts and
• 7:05
  charts smarts, you know, I mean technical analysis, I, I really
• 7:09
  only like it when it says good things about silver.
• 7:13
  But even the technical analysis people will tell you there's a
• 7:18
  degree of witchcraft involved in it.
• 7:21
  All right, let's go back tonight.
• 7:22
  This is shocking about silver. I saw this one yesterday and it
• 7:26
  made my made my head spin around a little bit.
• 7:29
  Let's pull this up and this comes to us from our good friend
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  Traditional money in 1965. Wait, this is crazy.
• 7:40
  Minimum wage bought you one ounce of silver at A at $1.25 an
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  hour in 1965. The minimum wage would buy you
• 7:52
  one ounce of real silver. Fast forward to 2026, that same
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  silver $78. OK, that would mean that if if
• 8:02
  the minimum wage was still the same that it was in 1965 and was
• 8:08
  and was and would buy you one ounce of silver, the minimum
• 8:11
  wage would have to be $78 per hour.
• 8:15
  Could you imagine a minimum wage worker being able to go out and
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  buy one ounce of silver? Now, what does that tell us,
• 8:22
  right. Oh yeah.
• 8:23
  Any of those, they're not talk. They're not that.
• 8:26
  We don't hear them as often now as we did six months or a year,
• 8:30
  especially 3 or 4 years ago. Those people that would say, oh,
• 8:34
  silver and gold, they're barbarous relics.
• 8:36
  They're a bad no. I think the people in 1965, this
• 8:40
  house was built in 1965. That means if the guys working
• 8:44
  down here in the basement were making minimum wage, they could
• 8:48
  go out and buy an ounce of silver for each hour they
• 8:51
  worked. And they're going to tell us
• 8:52
  that silver and gold weren't a good investment.
• 8:54
  I think it sure beat the dollar. That's obvious, right?
• 8:58
  And I think if we look over more long term, wait till wait till
• 9:01
  you see the data, We got a piece of data from the bald guy that
• 9:05
  we're going to look at as well about silver.
• 9:06
  I mean, silver, the numbers are astounding.
• 9:09
  Gold too, right? I mean, it's a it's absolutely
• 9:13
  nutty out there. Let's go to the bald guy.
• 9:15
  The Bald Guy Money is a channel of a YouTube content creator in
• 9:21
  the precious metal sector who's super, super sharp.
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  I consider him a friend and he puts out some of the best
• 9:27
  content ever and he shared this yesterday.
• 9:30
  This is a one year comparison. All right, let's take a deep
• 9:35
  breath and realize, like Bald Guy Money tells us, just one
• 9:39
  year ago, silver was the number 8 asset on this list, trading
• 9:45
  below $35.00 an ounce today #2 trading around $80 per oz.
• 9:51
  Just a friendly reminder to quote UN quote, keep it real.
• 9:55
  This is a list of the top assets by market cap in the world.
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  All assets, including public companies.
• 10:03
  Precious models, crypto and ETFs and this is the current list.
• 10:08
  Gold number one with a $35 trillion market cap.
• 10:12
  Silver number 2 with a $4.5 trillion market cap.
• 10:16
  Now if we go back one year to February 4th when ball guy made
• 10:20
  a similar post, right, he says gold approaching a 20 trillion
• 10:24
  market cap, which we know it's nearly doubled, but look back
• 10:28
  one year ago, silver is all the way.
• 10:32
  See if we can get this up. Silver's all the way down here
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  at #8 OK. Back then, Bitcoin, Google,
• 10:42
  Amazon, NVIDIA, Microsoft and Apple were all more valuable
• 10:47
  than silver today. All right?
• 10:50
  Yeah, let's just say we moved on up, right, moving on up like
• 10:55
  George Jefferson and Weezy did to the to the West side or
• 10:58
  whatever. So, you know, let's keep things
• 11:00
  in perspective guys. It can get very easy to get
• 11:04
  frustrated about about short term noise, but remember, like
• 11:09
  we talked about at the beginning of this video, there's a
• 11:11
  difference between looking at precious metals over a short
• 11:15
  term, daily, monthly, even quarterly basis and the long
• 11:20
  term. It depends on your time horizon.
• 11:22
  I have a very long time horizon for silver, gold and the
• 11:26
  precious metals mining stocks. Speaking of precious metal
• 11:29
  mining stocks, I do want to say thank you to channel sponsor
• 11:32
  right there, First Mining Gold. They're a Canadian developer of
• 11:36
  gold projects. They have two huge projects in
• 11:39
  Canada, each separately have millions of Oz of gold in the
• 11:45
  ground, spring pole in Ontario and Du Parquet located in
• 11:50
  Quebec. You can learn all about both of
• 11:53
  them on their website, firstmininggold.com.
• 11:56
  Thank you First Mining Gold for sponsoring Ron's Basement, the
• 12:00
  LBMA, the London Bullion Market Association, those fine people
• 12:04
  over in London who get the set the price of gold and silver
• 12:09
  right. They're kind of associated with
• 12:10
  this other market called the LME, the London Metals Exchange.
• 12:14
  Guys, the LME shut down yesterday.
• 12:17
  Look at this. And and a keen piece of insight
• 12:20
  from I believe, Homza, our friend Homza Serenade.
• 12:25
  Hopefully I pronounced that correctly.
• 12:27
  He says what a coincidence. First there were two outages at
• 12:32
  the Comex, remember 1 after the day after Thanksgiving because
• 12:36
  it was too hot in Chicago at the data center when it was like -5°
• 12:42
  in Chicago anyway. And then the one that happened
• 12:45
  more recently, I don't know, did they ever give us a real reason,
• 12:48
  a technical glitch? I think the most recent Comex
• 12:51
  outage was due to a Stampede coming through their data
• 12:55
  center, a Stampede of silver bowls.
• 12:58
  Anyway, now, now the London Metals Exchange halts trading
• 13:03
  across the metals from aluminum to zinc.
• 13:05
  This happened yesterday. We're going to look at the
• 13:07
  Bloomberg article here in a second, he says.
• 13:10
  But sure, everything in the metals market is perfectly fine,
• 13:15
  absolutely fine, right? Nothing to see here.
• 13:18
  Move on. Just a few technical issues at
• 13:22
  the world's largest exchanges. Meanwhile, the physical market
• 13:27
  keeps tightening. And don't forget what Silver
• 13:30
  Trade said earlier. If they push silver down, that
• 13:33
  physical market is going to get even tighter because people are
• 13:36
  going to be rushing to buy silver.
• 13:38
  If silver prints a price that starts with a six that isn't
• 13:42
  600, I will reinitiate my silver purchases.
• 13:47
  OK, totally normal. And there's the the Bloomberg
• 13:50
  article. Guys, look, look, these
• 13:53
  exchanges are designed with robust backup systems.
• 13:57
  Nothing's perfect, I get it. But it is very suspicious that
• 14:01
  both the COMEX and the LME have had trading halts or shutdowns
• 14:07
  due to technical issues. Let's learn about what the LME
• 14:10
  is. We hear about the LBMA and the
• 14:12
  LME. I got a quick piece.
• 14:14
  Let's do a little bit of learning here so we get a good
• 14:18
  differentiation between these, the LBMA, the London Bullion
• 14:21
  Market Association and the LME, the London Metal Exchange serve
• 14:25
  different roles. There's a difference between the
• 14:28
  LBMA and the LME. The LBMA, it is the global
• 14:34
  authority for the wholesale over the counter market for gold and
• 14:39
  silver, also known as, as we understand it, the spot market.
• 14:44
  It sets the good delivery standards for bullion bars and
• 14:48
  overseas. The LBMA gold and silver prices,
• 14:52
  which are worldwide benchmarks for physical metal.
• 14:58
  Yeah, sure, unless you talk to people in China or India, right.
• 15:03
  India is moving away from the LBMA.
• 15:05
  So that's that's the LBMAI digress.
• 15:08
  I won't go down that path. Oh yeah, the LBMA sets the
• 15:11
  physical price for silver that nobody pays.
• 15:14
  But anyway, I digress. LME, the London Metals Exchange.
• 15:18
  It is a future and options exchange primarily focused on
• 15:22
  industrial base metals like copper, aluminum, zinc, I think.
• 15:27
  What's the other one? Nickel.
• 15:28
  Remember the nickel market blew up a few years ago.
• 15:31
  Anyway, there was a nickel squeeze.
• 15:33
  However, the LME also provides electronic auction platform for
• 15:39
  LBMA, platinum and Palladium prices.
• 15:42
  This is where it gets confusing and offers its own gold, silver,
• 15:47
  gold and silver futures contract.
• 15:49
  So they purposely make this stuff very very confusing.
• 15:54
  The point is out of it all the paper make believe Western
• 15:58
  markets for the precious metals at minimum we can say are under
• 16:04
  some address. Everybody sees it, everybody
• 16:06
  knows it. I think even they admit it at
• 16:09
  this point. The eastern countries like China
• 16:13
  and India, wait till you hear about what's going on in China a
• 16:16
  little bit later and with Trump it's crazy.
• 16:19
  But those eastern countries who have massively faster growing
• 16:24
  economies, hundreds of millions of people moving into the
• 16:27
  consumer class. Hold on, think I got a text from
• 16:30
  Susie. I may have done something wrong.
• 16:33
  Super chat. Oh, cool.
• 16:36
  Everybody say hi to Susie. That's upstairs Susie.
• 16:39
  She's usually on a walkie-talkie, but she had to go
• 16:42
  away from the house for a while. Don't worry, I think our
• 16:45
  marriage is still in good shape. She'll be back on the
• 16:47
  walkie-talkie before you know it.
• 16:49
  I sure hope it is because I want to tell you something really
• 16:52
  quickly Upstairs Susie, you're the best.
• 16:54
  And I'm I she's gone for a day or so.
• 16:57
  I miss her. I even thought that this morning
• 16:59
  I'm tearing up. I was like, wow, it's not the
• 17:01
  same without me getting to bug her in the morning.
• 17:05
  So anyway, everybody say hi to upstairs Susie, she's the best.
• 17:08
  All right, let's move on because we got a crisis.
• 17:11
  This is not like over. This is not over dramatization.
• 17:15
  There is big trouble in the financial system in the United
• 17:19
  States right now and I'm going to tell you why.
• 17:22
  It's maybe even worse than what a lot of people are alluding to.
• 17:27
  We're talking about private credit.
• 17:28
  We're talking about private credit.
• 17:30
  Are these massive financial companies that were loaning
• 17:33
  billions, trillions of dollars to companies to a lot of like
• 17:38
  maybe higher risk people and and telling people they were going
• 17:42
  to get them better returns. It's a lot like the
• 17:45
  mortgage-backed security scam that happened in O7 and O8 that
• 17:49
  nobody went to jail for. This could This could easily
• 17:52
  ignite another major period of financial turmoil in the United
• 17:59
  States of America. But don't worry, right?
• 18:02
  Our good, our good leaders in Washington will save us.
• 18:05
  But let's talk about why this is becoming such a massive, major
• 18:10
  deal. Hold on.
• 18:13
  Wrong sheet. Darn it.
• 18:14
  Where? Why am I?
• 18:15
  Here we go. Sorry, I'm out of order now.
• 18:18
  You should be looking at it. This is from Michael Gayed.
• 18:22
  He's a CFA. OK, everyone's focused on
• 18:25
  Hormuz, which is a big story, right?
• 18:28
  But the real story is in private credit, 40% of borrowers have
• 18:33
  negative cash flow. Gates are closing, redemption
• 18:37
  queues are forming, Right? We know the whatever it is, Blue
• 18:40
  Owl, Morgan Stanley, BlackRock, BlackRock.
• 18:46
  OK Blackstone. Who birthed BlackRock?
• 18:49
  Blackrock's like the biggest financial management company in
• 18:52
  the world, but they were birthed by a company called Blackstone.
• 18:56
  That that's like all they do is private credit.
• 18:58
  And all these companies are in a state of crisis.
• 19:01
  Their stocks are down. I looked at Blue Owl the other
• 19:04
  day. It's down like 66 or 67% from
• 19:08
  where it was not too long ago. This is getting serious, but
• 19:11
  what's even more serious about it is that chart that I'm going
• 19:15
  to talk about next, but I want to finish the last sentence.
• 19:17
  He says 2000. 2008 rhymed with mortgage-backed securities.
• 19:23
  I don't really see how it rhymes, but I think we get his
• 19:25
  point. 2026 rhymes with private credit and this is the big deal.
• 19:33
  40% of the borrowers in the private credit sector have
• 19:37
  negative cash flow. OK, why is that a big deal?
• 19:42
  And there we go. And that's going up and up and
• 19:45
  up year by year, negative cash flow.
• 19:48
  Let me give you a real easy example, OK, the the private
• 19:52
  credit sector is kind of sort of like the payday loan sector of
• 19:55
  the corporate lending world. They loan money to like risky
• 19:58
  software companies, all that that type of thing.
• 20:01
  Those companies that borrowed the money.
• 20:04
  Aren't making their they're spending more cash than they're
• 20:07
  bringing in. But wait, there's more because
• 20:10
  that would be like you OK going and wanting to take out a loan
• 20:15
  and you go talk to the people at the loan office at the payday
• 20:18
  loan. Please don't ever do that.
• 20:19
  But anyway. And you say, well, yeah, I can
• 20:22
  pay you back. And they look and they say, well
• 20:24
  you're you have negative cash flow, right?
• 20:26
  Your bills every month are $5000, but you're only bringing
• 20:31
  in $3000. How on earth are you ever going
• 20:35
  to pay it off? And I'm tell you what's
• 20:37
  happened. Then we're going to shut up and
• 20:38
  I'll be quiet. Not you.
• 20:40
  I'll shut up and we're going to move on to crazy news about
• 20:43
  China on a couple different levels.
• 20:46
  But but it's it's, it's, it's a situation, I guarantee it.
• 20:49
  Just like the mortgage-backed securities where these big
• 20:52
  financial companies were making massive fees, massive amounts of
• 20:56
  money, and they were doing it by bending the rules, right?
• 21:00
  Making bad investments, putting bad products together.
• 21:03
  It's probably right. I'm speculating with a
• 21:07
  relatively high degree of confidence, very similar to what
• 21:10
  they did with the mortgage-backed securities where
• 21:12
  there was a bunch of crappy loans that people would never be
• 21:15
  able to pay back, but they put them all together and sold them
• 21:19
  like, oh, this is the greatest thing ever, right?
• 21:21
  By this, you'll make 12 percent, 15%, right?
• 21:25
  And then, and then I get to make a, a $200,000 fee.
• 21:29
  Okay. Be prepared for private credit
• 21:32
  and when private credit, if it does, I don't have a crystal
• 21:35
  ball. Create a big financial turmoil
• 21:38
  event in this country. You can be sure of one thing.
• 21:41
  It's going to be good for silver and gold, just like the GFC was,
• 21:45
  just like the C-19 crisis was, because the only thing that
• 21:49
  they're going to be able to do is print, print, print money.
• 21:53
  That's all. The box was shaking.
• 21:57
  There he is, your old friend Jerome Powell, making his daily
• 22:00
  visit. All he knows to do, all he can
• 22:04
  do since he's been neutered is print, print, print.
• 22:07
  Right. That's toilet paper, $100 bills.
• 22:10
  I'm going to put that back. Maybe we'll get it out later.
• 22:15
  OK, Next, I'm all out of order here.
• 22:18
  I, I apologize. Oh, we're going to talk about
• 22:20
  crazy news about gold out of China, but let's let's first, I
• 22:26
  want to do this. Thank you.
• 22:28
  Thank you First Mint for sponsoring Ron's basement.
• 22:32
  First Mint is a silver exclusive mint located in the United
• 22:37
  States, Las Vegas, NV. But they get their silver
• 22:42
  directly out of the ground from the company that owns them First
• 22:45
  Majestic Silver from the mine to the mint where it's transformed
• 22:50
  into really world class silver bullion products.
• 22:53
  Trust me, I got some of them and they are beautiful.
• 22:57
  But it goes directly to you from the mine to the mint to you the
• 23:01
  freshest silver on the market. And on top of that, right, it
• 23:06
  never goes to the Comex or the LBMA who we talked about
• 23:09
  earlier, right? We are it we, we you are you are
• 23:12
  helping to produce stress on the electronic markets, the paper
• 23:19
  markets when you hold any physical silver, but when you
• 23:22
  get it from first mint right literally coming from the mind
• 23:26
  to the mint to you. You can check them out here on
• 23:28
  their website. They do have a great discount
• 23:30
  code that you can use VIPRB. Make sure we got that up.
• 23:36
  We do. And here's the first meant free
• 23:39
  shipping on orders over $299, great prices.
• 23:43
  They got a special going on hand poured bars and again, the
• 23:47
  discount code is VIPRB. Go check them out, go to their
• 23:52
  store, check out all their different products.
• 23:54
  They got some cool stuff. There's the year of the Horse
• 23:57
  coin. I've got one of those that's
• 23:59
  brand new. It is awesome.
• 24:01
  Here's the hail to the cheap Buffalo round.
• 24:05
  My favorite with that India. I love that Indian on the back
• 24:09
  Vegas round and $2 off cast silver cast bars.
• 24:13
  So go check them out. Thank you.
• 24:15
  First Mint. You guys have been so pleased
• 24:18
  with First Mint. It makes having them as a
• 24:20
  sponsor a real, real pleasure. OK, I'm all over the place.
• 24:25
  Let's go to China. I got a bear with me here.
• 24:29
  I'm going to find the right screen to share with you because
• 24:32
  this is interesting and here we go.
• 24:37
  I found it. Sorry about that guys.
• 24:39
  Solve Nettag 26% Hold on, I'm siren Woo woo woo. 26% of the
• 24:47
  Shanghai Gold Exchange Silverstock vanished last week.
• 24:53
  OK, the Shanghai Gold Exchange just released their weekly
• 24:57
  numbers and they show. I'm going to tell you why this
• 25:00
  is a big deal. Silver inventory fell 96 metric
• 25:05
  tons last week. Total silver inventory is now
• 25:09
  276 metric tons. A new record low record, low
• 25:16
  inventories, plus high demand plus high premium over the LBMA
• 25:19
  benchmark price proves there's still a hot market for silver,
• 25:24
  physical silver in China. Remember, right, the price of
• 25:27
  silver in China is like 10-15 dollars higher than the United
• 25:31
  States. But this is the physical market
• 25:35
  in China. The Shanghai Gold Exchange is,
• 25:39
  it's interesting what they do in China.
• 25:41
  If you want to trade silver on the Shanghai Gold Exchange, the
• 25:44
  silver has to actually be there. It can't be make believe silver
• 25:49
  and it has. Did you hear that record lows?
• 25:53
  Are we hearing record lows are or historic low levels of
• 25:57
  inventory at a lot of these exchanges?
• 25:59
  The Shanghai Futures Exchange last I saw had less than 10
• 26:02
  million oz and we know that the the COMEX registered inventory,
• 26:07
  which is the silver that backs the real silver that's in the
• 26:10
  vaults, that's actually there to back the silver contracts at the
• 26:13
  COMEX dropped like another 2 million oz yesterday below 80
• 26:19
  million to like 78. I mean, guys, it's getting
• 26:22
  interesting. And and Speaking of China, this
• 26:26
  really makes me very suspicious that there might be a lot bigger
• 26:32
  things going on in our world right now than a lot of us
• 26:36
  realize. And then especially the
• 26:38
  mainstream media is telling us. This made my Spidey senses go
• 26:42
  off and and I'm very, very suspicious about what is
• 26:47
  happening here. And this was this is the
• 26:49
  headline from Zero Hedge, but it's everywhere.
• 26:53
  OK, Donald Trump supposedly he cancelled the the summit between
• 26:59
  President Xi Jinping of China and Trump, which was supposed to
• 27:04
  be about a month from now, has been quote, UN quote, delayed or
• 27:10
  cancelled. I guess you could say, OK, Trump
• 27:12
  says that it was delayed of a month or so for the Trump G
• 27:17
  summit. China and the United States also
• 27:21
  ended trade talks. Interesting.
• 27:24
  OK, there's always the speculation with Taiwan and
• 27:27
  what's going on there in the Senate.
• 27:30
  Our Treasury Secretary noted that on any delay would be due
• 27:34
  to prosecuting war. OK, I don't know how you feel
• 27:38
  about this. And maybe I'm maybe I need to
• 27:41
  take off my tinfoil hat conspiracy theorist.
• 27:43
  But the fact that that summit was cancelled and it was
• 27:47
  scheduled, I believe for like a month from now, that just makes
• 27:51
  me think what the heck is going on.
• 27:53
  And of course, in the West, we're being told that it was
• 27:56
  Trump who cancelled it. But then I saw another headline
• 27:59
  right before I came on that that basically alluded to the fact
• 28:03
  that China like wasn't sad that Trump decided not to come to
• 28:09
  China. I don't know, guys,
• 28:11
  geopolitically, I'm not going to go too far down this rabbit
• 28:14
  hole, but we've got major geopolitical change happening in
• 28:18
  our world right now like we've never experienced before.
• 28:22
  Why is that important to us as precious metals investors?
• 28:25
  Because silver and gold are a safe haven asset.
• 28:29
  Silver and gold react very well to uncertainty.
• 28:32
  When companies, I'm sorry, when companies or countries, which is
• 28:36
  what I meant to say, they don't trust each other.
• 28:39
  Guess what? When China doesn't trust the
• 28:41
  United States, when Russia doesn't trust the United States?
• 28:45
  When, when I don't know, any country doesn't trust another
• 28:48
  country. Think about it.
• 28:50
  They don't trust their currencies either, huh.
• 28:54
  What do you think they trust? They trust silver and gold.
• 29:01
  Why do you think, wow, this is interesting, Why do you think
• 29:06
  the world central banks have been buying more gold than like
• 29:11
  any other time in history and it now accumulated more gold?
• 29:16
  These are the central banks, right?
• 29:18
  Accumulated more gold than U.S. Treasuries for the first time
• 29:22
  in, I don't know, 1520 years, Like for the first time in a
• 29:26
  long time. It's because there's massive
• 29:29
  uncertainty in the world. Now think about this.
• 29:33
  Those are the world central banks that are buying and
• 29:36
  holding almost more gold than ever.
• 29:39
  A lot, at minimum, the world. I got a secret for you.
• 29:43
  The central bankers, OK? They are the top of the
• 29:47
  financial system, food chain. They know more.
• 29:50
  They are the end. They are the insiders to the
• 29:54
  insiders. They're the ones who make the
• 29:56
  rules, right? The United States Federal
• 29:59
  Reserve, the Bank of Japan, the Bank of China, whatever they
• 30:03
  call it, whatever their names are.
• 30:05
  Switzerland, right? The, the Bank of England,
• 30:08
  whatever. Those guys, they're all buying
• 30:11
  gold, right? We don't.
• 30:13
  Here's a big key take away that we need to remember, OK?
• 30:18
  Don't listen to what they say, watch what they do.
• 30:26
  And we know what they're doing. They're buying precious battles,
• 30:30
  right? Remember when you were a little
• 30:32
  kid and grandpa told you actions speak louder than words?
• 30:37
  Well, that applies to what's going on in the world right now
• 30:41
  as well. Yes, I'm very, very.
• 30:43
  And then, OK, then we get this, this your proof.
• 30:45
  Proof's in the pudding, and I got some pudding for you.
• 30:48
  So watch this. This is super interesting.
• 30:51
  Major story getting massive, massive headline attention and
• 30:59
  we got it up and I'll tell you what this means.
• 31:02
  This is crazy. the United States has now net settled in gold, its
• 31:08
  trade deficit with China in three of the last four months.
• 31:13
  Why a higher gold price is now in the US national interest.
• 31:19
  So what is going on? OK, Is that is that the United
• 31:24
  States has a trade, trade deficit with China.
• 31:27
  We owe them money basically, for all intents and purposes, that
• 31:31
  is being settled with gold. OK, They're sucking our gold out
• 31:36
  of the country. They're not taking it out of
• 31:37
  Fort Knox. We're not saying that.
• 31:39
  But the but the net effect of what they're doing is taking
• 31:43
  physical gold out of the United States.
• 31:47
  But think about this and we know that's been going on, right?
• 31:51
  Chinas importing gold, China, India, all of them importing
• 31:54
  gold. Same things true with India.
• 31:56
  But think about this, if, if this is to continue, which very
• 32:01
  likely it will, remember countries don't trust countries
• 32:04
  anymore, it's then going to be in the best interest of the
• 32:08
  United States of America to have a super high gold price.
• 32:14
  Because that means whatever, whatever the Chinese are taking
• 32:17
  out of the United States in that net settlement amount, right?
• 32:22
  We want that to be gold that's at the highest price possible.
• 32:25
  Because then, yeah, you guessed it, we don't have to send as
• 32:29
  many ounces to China to net settle that trade deficit
• 32:33
  situation. The world is changing like
• 32:36
  never, ever before. It is super, super interesting.
• 32:40
  And then, but wait, there's more.
• 32:42
  Eventually, after the Chinese get all the gold in the world, I
• 32:46
  mean, the world's going to probably wobble when we're
• 32:49
  spinning on our axis soon, while the gold China's accumulating,
• 32:53
  they're going to want the gold price to go up as well.
• 32:56
  So first the United States, then China.
• 32:58
  It's getting super interesting. Furthermore, right, to show you
• 33:03
  how crazy the demand for gold and silver are in China, get a
• 33:08
  load of this. This came from, hold on here,
• 33:12
  our good friend, the Oriental ghost, right, the trusted and
• 33:17
  I'm going to share that screen so Susie doesn't have to call
• 33:19
  me. And then I got to check the
• 33:21
  Super chat and Susie, if there's anything else, send me a text
• 33:24
  now. But guys, this comes from the
• 33:26
  Oriental ghost. This is interesting breaking
• 33:29
  news, Chinese hold on and a little tech issue.
• 33:34
  Hopefully, you guys, hopefully you can see me and hear me.
• 33:38
  Chinese major banks are planning to restrict the purchase of the
• 33:44
  accumulated gold and tighten the delivery of physical gold.
• 33:50
  So I dug into this, right? And what this is accumulated
• 33:54
  gold is if you live in China, so you'd be a Chinese person.
• 33:58
  Hold on. We always like gongs are from
• 34:02
  China. Imagine yourself as a Chinese
• 34:07
  person. You live in China, you don't
• 34:08
  trust the paper currency because they don't OK, But the bank says
• 34:12
  we got these great products, they're called accumulated gold.
• 34:15
  You put in, I don't know, CN¥100 a month or whatever it is,
• 34:19
  right? And it, it accumulates in an
• 34:21
  account and then eventually when it reaches a certain level, you,
• 34:25
  we buy physical gold for you with this product.
• 34:28
  That's what they're accumulated gold product is.
• 34:31
  But now China, because there's AI mean there has to be a
• 34:35
  shortage of gold. Why else would they do this?
• 34:38
  The Chinese government is now limiting the amount of purchases
• 34:42
  people can do and modifying the actual delivery dates.
• 34:47
  OK, So what does that tell us about what is happening in the
• 34:52
  world with gold? And you know, the same is true
• 34:55
  for silver. Hold on one second here.
• 34:58
  Yeah, we got a super chat, my friend.
• 35:00
  Oh, hey, Renegade Designer. Susie is the channel's producer.
• 35:05
  Yeah, and she's remote today. Renegade Designer, you are
• 35:08
  famous on the Internet. Guys, we are in for a wild, wild
• 35:12
  ride with silver. Let's go check on the on the
• 35:14
  actual spot price right now. Thank you, Renegade Designer.
• 35:18
  Super. Appreciate the Super chat.
• 35:20
  Let's see how things have developed since we have been
• 35:23
  live. And OK, it's gotten a little
• 35:27
  better. If you notice that when we're
• 35:29
  live, the gold and silver price tend to improve.
• 35:32
  We're only down a dollar 277960, wow, will we break, will we
• 35:39
  close above $80.00? That will be a very, very good
• 35:44
  sign. But you know what, keep in mind
• 35:49
  the critical point, silver investors, gold investors are on
• 35:54
  a long term journey. And whether we look at medium or
• 35:58
  long term, it's almost like a mathematical impossibility,
• 36:03
  especially if you're going to choose the value your silver or
• 36:07
  gold ounces in Fiat paper, United States dollars.
• 36:10
  It's pretty much a mathematical impossibility that the price
• 36:15
  doesn't go up when we, when we're sitting here 2 years from
• 36:19
  now, imagine two years in the future.
• 36:22
  I don't see a scenario where the US dollar has gone up in value
• 36:28
  like real value and that the price of silver and gold
• 36:34
  measured in U.S. dollars is down.
• 36:36
  I could be wrong. Remember, I'm not a financial
• 36:38
  advisor. Don't don't make any decisions
• 36:40
  based on what I'm saying. But all right, I do know how to
• 36:44
  work a calculator and I do have a degree in accounting from a
• 36:48
  top flight university and I did, albeit briefly, work for a BIG4
• 36:54
  accounting firm. So I know how to work numbers.
• 36:56
  And I'm telling you guys, it's like when when I look out by
• 37:00
  people say, here's a question I get all the time from you guys.
• 37:05
  This is the a burning question in the basement dweller
• 37:08
  community. Ron, what's the best way for me
• 37:12
  to sell my silver? And I always say, right, hey,
• 37:17
  look guys, I got answers to most questions about silver and gold,
• 37:21
  but I've never sold any silver or any gold in my entire life.
• 37:25
  That's the absolute truth. And I don't have really any
• 37:28
  plans to do so. Maybe maybe at some point if we
• 37:31
  get into what I think is really a silver squeeze and a silver
• 37:35
  bubble. But to me, there's no better
• 37:39
  long term for me. You make your own, listen to me,
• 37:42
  listen to other people read, do your own research, listen to
• 37:46
  yourself. But to me, it's a generational
• 37:49
  type situation that I feel very, very good about because I know
• 37:53
  that if my great grandpa to the 50th degree, my, my ancestors
• 37:59
  had made that decision, that that me and my family right now
• 38:03
  could be reaping those benefits as well.
• 38:06
  Hey, I hope you enjoyed your time down here in the basement.
• 38:09
  Feel like we've got friends down here.
• 38:11
  That includes you. You are important.
• 38:14
  Please subscribe to the channel. Don't forget, give her a thumbs
• 38:17
  up if you haven't already because we want you to come
• 38:20
  back. Subscribing is free.
• 38:22
  Most importantly, take care of yourself, OK?
• 38:25
  You deserve it. Have a great day today.
• 38:27
  And I'll see you. Yeah, and I do.
• 38:30
  I see you. I see you out there.
• 38:32
  I'll see you soon. Bye.
• 38:33
  Bye.