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Gold & Silver Prices Go WILD!🦁 - You Won’t Believe What’s Next⚡(COMEX Update) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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$5000 gold, $50 silver. Will it be happening sooner than
0:06
later? We're going to talk about all
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the reasons why in this video and have a lot of examples.
0:12
This is like the biggest, best live stream that I've ever done,
0:15
and it's a big honor that you've joined me here in the basement.
0:18
Please subscribe to the channel that's free.
0:21
I want you to be part of this community, part of us who are
0:24
protecting ourselves against the evaluation of the US dollar and
0:28
doing it with Precious metals. Some people use crypto.
0:32
Hey, the important thing is that we want to look at what's going
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on. Look at the big picture.
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Let's start with this notion of $5000 gold.
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And one good way to look at this is just to look at the world in
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general. Let's look at some crazy numbers
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out there about where gold is in foreign currencies.
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We're going to start with this one from Marin Catoosa, right?
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I always had huge respect for him.
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He's actually got the gold check mark there on X.
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But in my opinion, one of the longest running and most
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respected analyst in the commodity sector.
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And he says gold prices in Japan are going vertical.
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What does this remind you of? And look at this guys, this is
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incredible. Look at the gold price in Japan.
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I mean, heck, if you just go back here and look, oh, when is
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this about 2020 time frame through today, It has just been
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literally a vertical straight up shop.
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But let's look some other countries as well.
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And next we will go to our friends in Canada.
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They already have $5000 gold in Canada.
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Peter Spina points out the gold prices reached a fresh record
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high in Canada. And this does continue breaking
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through another major milestone on Monday, trading above 5000
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Canadian dollars per Troy oz. Remember, we're going to talk
1:56
about why this is important, but there we are right in Canada.
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Let's look at a few more countries just for kicks and
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giggles. This my friends is the gold
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price in Australian dollars and as you can see there in
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Australian dollars. Let's go down here so we can see
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the time. Here we go again.
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OK, back in that 2020 time frame we were at $2000 per oz and now
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if I move that thing out of the way we can see that we are well
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above 5005 thousand $500.00 for our friends down under in
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Canada. I think they like to call us
2:36
mate. Well good day mate.
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Good job with that. Let's go one more and we will
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check out in Brazil, Brazilian reals I believe it's called.
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And as we can see there as well, the gold price.
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Wow, really up. Hold on a second here.
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Let's look at this from that like 2022, OK?
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They were about at 8000 real and now they're pushing up against
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20,000. That's 150% price increase.
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But why is that important? Because as the US dollar
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continues to lose its strength against these other currencies,
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that will push the US dollar gold price closer and closer to
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$5000. And heck, with the way that the
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gold to silver ratio has been lately hovering between 85 and I
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don't know if it hit 100, but it wouldn't surprise me.
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It's real simple math to realize that if we hit $5000 gold, even
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if we have a, a AA100 to 1 gold to silver ratio, we're going to
3:42
have $50 silver. Hey, if the gold to silver ratio
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gets back to its, you know, normal range, let's say, let's
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just say 50 for example purposes, that would give us
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$100 silver. That would mean that that guy
3:56
right there, the silver bear who's got an $85 blindfold on
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would be unblindfolded. But is there proof reason?
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Let's look at what Jesse Colombo brought up about what's going on
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with the US dollar. And to me, this makes a lot of
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sense that we could see a rather precipitous this decline.
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Oh, I forgot to show you. Sorry guys.
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Darn it. There we go.
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There is the 10 year gold price in Brazilian reals.
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Sorry about that. All right, let's go to Jesse.
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Though I guess the key here is the dollar breaking down.
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And what he says is the dollar is on the brink of a major move.
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This is Jesse Colombo from the bubble bubble bubble report sub
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stack. He has over 10,000 subscribers.
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You know, I've got a lot of respect for this guy.
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He puts out some great information.
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But he says here the US dollars experiencing a rare volatility
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squeeze, indicating that a major move is near, while the most
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likely direction is downward. Any move will have a big impact
5:01
on precious metals. And let me show you the chart
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that he brings up and what he is talking about.
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This is a chart of the US dollar index.
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And as you can see on this chart, right, we've kind of been
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in this period of range bound kind of below 100, kind of
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around that 9798 range. But if you look at what he shows
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down here, which is with the Bollinger Bands, that shows a
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big, big volatility squeeze. He also brings up and it's
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important to remember that currencies typically aren't that
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volatile. However, most likely right?
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And, and, and, and this is based on what's been going on with the
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US dollar lately. The trend has been down, down,
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down that most likely or very likely the trend will continue
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to go down. And that's in the DXY index,
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which we're going to take a look at right now because guys, this
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you know, we've looked at this chart many, many times, but
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today what we're seeing in the DXY index is that we are sitting
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still below. Hold on, let's get that up.
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Where is it? There it is still below 100.
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Get rid of that. Can I get rid of that?
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Goodbye. OK, there we go.
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This is a little better for your viewing pleasure, but wrong one.
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Hold on here. We're going to get out to an all
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time chart. OK, what Jesse's talking about
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and and what we are, what I'm anticipating, this is just my
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opinion is that when we look at this long term chart and there's
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I'm going to draw a red line at 100 all the way back to probably
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1985. You can see that it's very, very
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plausible that the dollar index could get down into this level,
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which is 75. That will be rocket fuel for the
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price of the metal. So is that volatility squeeze
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rectifies itself? We're going to be keeping a
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close eye on that. Let's talk about the COMEX and
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the LBMA. Look, there are people, the
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COMEX, right? The electronic gold and silver,
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quote, UN quote, exchange here in the United States, the LBMA,
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the London Billion Market Association, those fine chaps
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over in London, England, who've been, let's say, influencing the
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price of metals for decades and decades and decades.
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There are people who have spent their entire career pointing out
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that how corrupt they are. There's been lawsuits.
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There are people that have been put in jail for manipulating the
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prices on these exchanges. I dig into it deeply.
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I'm not. I'll give you the the Cliff
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Notes version of what's going on at the COMEX in the in the LBMA.
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There are some major imbalances, some major red flags, if you
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will, about what it, what it, what it, what are, what are,
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what is, what are, what are going on Those exchanges silver
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lease rates are out of whack. That's like the amount of money
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that people have to pay in the interest they have to pay the
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lease silver. On top of that, the EFP.
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Do you know what the EFP is? That's the exchange for
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physical. That's the difference between
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the futures price in the United States on the COMEX and the
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physical price at the LBMA. That's out of whack as well.
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Some people and even Kitco had a headline article are saying that
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this is is as let's say precarious of a situation as the
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COMEX in the LBMA have found themselves in in a very long
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time. And then possibly that these
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imbalances could lead to a silver squeeze.
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But the important thing for us to remember is that where we are
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in the silver price right now at $40, this has not been a short
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term blast off spike in the price.
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This has been a rather gradual build build.
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Go up, go down a little bit, go up a little more, go down a
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little bit, go up a little more, go down.
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Not like 1980, not like 2011. No, no, no.
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This time's different. This time it's been built on
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solid consolidation and solid upward moves.
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I don't hear any other analysts really harping on that.
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But I think that's one of the most powerful things because the
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because a, a price that's built on kind of a long term, more
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gradual solid base can provide a base for even further long term.
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So I, you know, I don't, I don't, we don't guess what?
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OK, you may hate me. You may turn off the live stream
9:31
right now. I hope you don't.
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I'm glad you're here, but I kind of hope we don't have a silver
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squeeze. I kind of hope that we just can.
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I'm happy. Are you happy?
9:42
Right, If if the silver price goes up $10.00 an ounce from
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where it is right now in the next 6 months and maybe another
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$10.00 an ounce in the following 12 months and then maybe another
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$10.00 an ounce from there. Usually the reason I say that is
10:00
because anything that spikes like you get during a squeeze
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almost always, pretty much always comes back down.
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It's like a law of nature. You know, if you throw something
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up, a bottle rocket goes up, it comes right back down.
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Nonetheless, these imbalances can also help contribute to
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continued long term growth within both are on both the
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COMEX and the and the LBMA. They did.
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We did Jesse already. OK, now let's talk about Goldman
10:29
Sachs talking about precious metals that Goldman Sachs,
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there's a big article out that you got to be like a wealthy
10:36
subscriber to get to read. But we can get the headlines and
10:40
it's interesting to think about where this headline is coming
10:44
from. And here we go.
10:48
OK, one of Goldman's big trade recommendations for the rest of
10:53
the year is gold miners. And not only is that Goldman
10:58
Sachs that's saying that, but think about it, guys.
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We're going to circle this one in yellow.
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This is coming to us now. We're circle in red from CNBC.
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CNBC, the mainstream media, but Goldman Sachs is talking about
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and we've all, well, OK, two big three, big three big critical
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things about this. Goldman Sachs is telling people
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gold miners are the place to be. It's one of their top three
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ideas. I think it says for the rest of
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the year, OK, that will bring more attention into the overall
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precious metals ecosystem. Physical gold, physical silver
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miners, royalty companies, you name it, developers, explorers.
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But it will bring more attention when Goldman Sachs, we may not
11:50
like him, but I want you to think about something.
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The 1st 4 letters of Goldman Sachs name is gold, our gold.
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Anyway, boy, my, my, my, my English skills are really
12:01
falling apart today on this live stream.
12:03
Thanks for suffering through this with me.
12:05
Don't forget to subscribe. But that's a good thing for the
12:08
overall metals ecosystem. We also know that Goldman Sachs
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last week put out a piece of research saying that they could
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see the potential for gold reaching in U.S. dollar terms.
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Oh, wait a minute. What was that we talked about
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earlier, $5000 per oz? And again, what's good for gold
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is good for silver. But the real important take away
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we went from this also is that that's CNBC that's putting out
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that article, a positive article, a positive headline
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about gold and silver. Can you, Can you believe it?
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Is this really happening, huh? Are we here?
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Is today really right, the 10th of September 2025?
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Are we really in a bold market for precious metals, gold,
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silver and precious metal mining stocks?
13:00
Is CNBC running headline articles about gold and about
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Goldman Sachs? Guys, this is big.
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This is happening and we are on the brink of the perfect storm.
13:13
Look, I don't get financial advice.
13:15
I'm not a financial advisor, but I believe the gold mining stocks
13:19
and the silver mining stocks are on the verge.
13:22
OK, I do want to mention and say thank you to channel sponsor.
13:25
Wrong finger. There it is, First Mining Gold.
13:30
OK, that's a stock I own long before they sponsored my
13:33
channel. Again, I'm not giving financial
13:35
advice. Do your own research.
13:37
I love First Mining Gold because they have massive amounts of
13:41
gold in the ground in Canada. They actually have a lot of
13:44
silver too, but that's a different story.
13:47
They're primarily a gold development stage company.
13:50
The gold's been drilled, it's been determined, it's in the
13:52
ground. Two massive multi million ounce
13:55
projects, Spring Pole in Ontario and DUP parquet in Quebec.
14:00
This is big gold in the ground in Canada and the big active
14:05
mining companies, guess what, here's a little secret, over the
14:09
last 20 years, 15 years have not been investing in their
14:14
pipeline, if not been developing and exploring for gold.
14:17
And every time a big gold mining company mines an ounce of gold
14:21
right, it's gone. They they have to replace that
14:24
with other resources in the ground.
14:26
I believe companies like First Mining Gold could become very
14:29
attractive to these big mining companies.
14:31
You can learn more about them at firstmininggold.com.
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You can even reach out to their Director of Investor Relations,
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the one and only, Mr. paul.morrispaul@firstmininggold.com.
14:43
And I guarantee you, thank you, Susie.
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I guarantee you he will get back to you.
14:52
Let's get to 100 likes. We got 350 people on a snap.
14:55
The the gold and silver community.
14:57
You are part of something special that is happening right
15:01
now. Not just the world's biggest,
15:03
best live stream about gold and silver.
15:04
No, just the overall gold and silver market, The fact that you
15:08
are here tells me you are ahead of the curve.
15:11
Yes, you have a little bit higher level of intellectual
15:15
horsepower than the average bear, right?
15:17
You know what's happening out there.
15:19
Trust me, we're going to be doing live streams where we have
15:22
3004 thousand people on and that's when we might start
15:26
thinking about booking a little bit of our profits.
15:29
But guys, this is a big deal. What is happening right now?
15:32
And let's talk about, let's talk about what can happen within
15:36
these. Yeah, here we go.
15:40
Boom. This is a crazy, a crazy chart,
15:43
OK? This is the entire 1970 to 1980
15:48
bull market for gold miners. Again, when the gold miners
15:52
catch fire, the silver miners catch fire.
15:54
The overall silver and gold ecosystem does well, OK, The
15:58
blue line at the bottom is the S&P 500.
16:02
And again, this starts back here around 1970 and ends in 1980.
16:08
You can see that blue line is basically flat.
16:11
The overall stock market didn't hold on a second.
16:16
Oh, man, I oh, I lost. Hold on, guys.
16:19
Are you still there? Sorry about that.
16:22
Looks like we lost our connection.
16:23
Hold on here. Let me let me get this back up.
16:27
And I know. Thank you, Susie.
16:31
And huh, what is happening here? Here we go let me get back here
16:39
all right guys let me get this chart up because this is
16:42
definitely here we are and make sure we got you up OK.
16:51
I don't know what happened there had some technical difficulties.
16:53
I apologize. Anyway, this goes I already
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started drawing on there from the night 1970 all the way
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through 1980 and the blue section represents the S&P 500
17:07
again, 1970 through 1980. The blue line is the general
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stock market, just basically flat.
17:14
But look at that yellow line. It started here at 100 and went
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all the way up here at one point above 1000, OK, That is are the
17:23
gold miners, It says right here from December 69 through October
17:28
of 1980, the Barons Gold Mining Index was up 1247%.
17:35
That's 12 * 12 X not 12%, not 120%, right?
17:42
But no, 12 times. That meant for every dollar that
17:47
was invested in gold mining stocks back then, on average
17:51
$12.00 was returned during that period.
17:54
And that came from a Crescott Capital and our and a guy,
17:58
another guy, another big analyst that that I love to follow.
18:02
Tavi Costa. OK, it gets more interesting
18:06
from here within the gold and silver sector when we get this
18:09
massive news that came out Tether.
18:13
OK, Do you know who Tether is? Tether is the world's biggest
18:16
stable coin issuer. OK, the world's biggest You know
18:20
what a stable coin is? A stable coin is a
18:23
cryptocurrency, But each token represents something real.
18:28
Something something that can be counted like the USDC or in
18:34
tethers case, the USDT stable coin, the US dollar Tether
18:39
stable coin. Each one of those coins
18:43
represents $1.00. They also have what's called
18:46
XAUT, where each one of the coins represents an ounce of
18:49
gold. And Tether has made an
18:52
announcement that it's expanding its investments into the gold
18:57
and gold mining sector, very interesting, even even into the
19:02
royalty sector as well. So we've got big and they are a
19:05
big, big company, whether you like or hate crypto, that's not
19:08
up what anything we're going to debate here.
19:10
But what we know is that they are looking to invest a ton of
19:13
money. And then we got news out of El
19:15
Salvador. Also, stable coin issuer Tether
19:19
held talks on investing in gold miners and royalty firms after
19:23
already acquiring 8. They own $8.7 billion worth of
19:29
gold. OK El Salvador bought nearly
19:32
14,000 ounces of gold for $50 million, its first central bank
19:37
purchase since 1990. The interesting thing that the
19:40
CEO of Tether, Apollo Ordonio, previously described gold as
19:45
natural Bitcoin and suggested in a separate interview that if a
19:50
global reset were to occur, it would happen in gold.
19:54
OK, So remember this guys, this company, it's a crypto company,
19:58
Tether, but they already own billions of dollars worth of
20:02
physical gold because each of those stable gold, stable coin,
20:07
gold stable coin tokens. That they issue is absolutely
20:12
backed by 1 ounce of real gold. It's held in a Swiss vault right
20:16
in these real world assets, stable coins that are based that
20:21
that are that are backed by real assets are gaining more and more
20:25
traction. OK, again, not here to debate
20:28
crypto. I like crypto.
20:30
I like, love gold and silver. Everybody's different that's
20:34
great, but that's a fact that the world's biggest stable coin
20:37
issuer is moving into gold and that's an exciting thing.
20:41
We had the worst job numbers in the history of the world.
20:44
Do I need to show you that you don't need to. 911,000 jobs,
20:49
almost a million jobs were restated from the March 2023 to
20:54
March 2024 time frame. It's incredible.
20:58
We are headed. I don't want to be the town
20:59
crier for trouble, and I want to point this out because this is
21:02
very interesting. A lot of people are worried
21:05
about what's going to happen to the gold price, the silver
21:07
price, the mining stock price, if the stock market has a major,
21:11
major correction. Again, I'm not a financial
21:13
advisor, but I'm going to share with you some interesting
21:16
points, right? Some reasons why I think we
21:19
don't have to be so worried right now about what happens
21:23
with the metals, if indeed we do go into a, into a, into a
21:27
challenging economic period. Before I do that, I do want to
21:31
say thank you to channel sponsor First Mint.
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They are owned by First Majestic Silver.
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That's Keith Newmeyer's, you know, massive silver mining
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And here we go. There's that Las Vegas round at
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them. Make sure you check them out.
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But the question I have for you is, are you worried, right?
22:56
I'm getting all these emails, all these questions from
22:58
viewers. What's going to happen if if, if
23:01
the if the stock market goes down, what's going to happen?
23:04
Guys, think about this. Think about this.
23:07
I think about I got notes. I got to read from the notes.
23:09
There's so much, OK, we're, we're in a tech bubble.
23:13
Let's just look at the tech field right now.
23:15
By any measure, we are in a bubble in the tech stocks.
23:18
Think about if the tech stocks, for instance, start to go down,
23:21
where are people going to go with all that money?
23:24
Are they going to buy real estate, right?
23:26
You know, wherever you live, right?
23:28
Residential real estate is through the roof, overpriced.
23:31
Are they going to go into commercial real estate?
23:34
That sector is hurting like nothing before.
23:36
Are they going to go into bonds? Who in their right mind is going
23:39
to is going to is going to loan money out?
23:41
Who's going to buy bonds? Enough.
23:43
OK, we're going to get in a situation where likely the most
23:46
attractive game in town will be precious metals.
23:50
OK, That's happened in the past. That happened during that 1970
23:55
to 1980 period that I showed you earlier.
23:58
It also happened, think about this, from 2001 to 2011, after
24:05
the official tech bubble burst, the, you know, the 2000s tech
24:09
bubble with pets.com and all that, kind of like the AI stuff
24:12
that we have going on right now of people during that period
24:16
went to gold and silver. From 2001 to 2011, the silver
24:20
price, for instance, went from under $5 per oz to over $50 per
24:25
oz. So, you know, we're in this
24:28
situation right now where things are starting to look very dicey.
24:31
Unemployment is, is going to go shooting up, OK.
24:35
The reality is the job market's in big trouble.
24:38
We also got some data. They came out earlier in the
24:42
week. I don't know if you saw this,
24:43
but there's a record number of houses for sale right now in the
24:48
Southern United States. So be ready, but don't be too
24:52
scared if the reality is that that that when this next crisis
24:57
hits US, OK, gold and silver are going to look like a very
25:01
attractive place for people to protect their wealth and people
25:06
will get scared, OK? And when you look at the market
25:09
caps, I mean, of Apple or Amazon or or NVIDIA or any of these,
25:15
even just a small portion of that market cap coming into the
25:20
gold and silver sector, we'll have unbelievable impact, right?
25:27
Because it is so still so small, in particular with the mining
25:31
sector. So keep it up, guys.
25:33
OK, Thank you for joining me down here in the basement.
25:35
Don't, please don't forget ring the gong.
25:38
Oh, I got to ring the gong. Don't forget to subscribe.
25:41
Let's ring the Golden Dawn. It's a tradition.
25:45
I really appreciate you being here.
25:47
I really appreciate you being part of this journey.
25:49
It's a tradition that when we get to 100 thumbs up, we ring
25:53
the gong 3 times. Here we go.
25:55
Listen to it resonate. All right.
26:02
Silver and gold investors, we are in a good period of time
26:05
we've suffered through over the years.
26:08
Think about this, were you here with me two years ago when we
26:12
were talking about $20 silver? Were we here two years ago?
26:16
I remember, do you remember two years ago remember talking about
26:21
when silver would would go into the 20s and we would say we're
26:25
never going to see a silver price again.
26:28
That starts with the number one meaning something in the teens
26:31
and still until that's overpriced starting with a 1 is
26:36
in the hundreds. OK, now look where we are.
26:38
We are above. Let's go take a look.
26:40
Let's go take a look at where we are.
26:42
There's first met with the metals prices right now, make
26:48
sure I got the screen shared, which I do OK.
26:52
We are in the futures market Silver $41.66 Gold 3686.
26:59
Let me pull up silver for you again because I I didn't give
27:03
this to you visually. This is very, there's a real
27:06
important reason why we want to look at this chart on a longer
27:09
term basis, OK, that's a one year, that's a one year chart of
27:14
silver. We can look at it here.
27:16
This this is fine. OK guys, look one year ago right
27:19
now we were at this point which is $30 silver.
27:25
Today in the futures market we are over $41.00.
27:29
Do you see this? OK.
27:32
That's what you see on that chart.
27:35
Let me tell you what you don't see on this chart, which is even
27:39
more important. What you don't see is this, the
27:44
price shooting up and then coming back down, OK?
27:48
The most, I think exaggerated moves that we see on this chart
27:53
probably in this section right here back in April when the
27:56
price dropped from $35 back to 30, but then immediately started
28:02
what again is a rather gradual increase.
28:04
This is not like, oh, we shot up, you know, we were down here.
28:08
It's it, it's, let me erase everything.
28:11
It's not like, you know, a month ago we were at $30 and today
28:16
we're at 40, which would be much more likely to result in a drop
28:20
right back down. No, it has been a slow, gradual,
28:24
steady increase. And you know, look, this mining
28:29
stocks are just the same. We've seen big increases, but
28:33
nothing absolutely crazy, let me tell you.
28:35
Let me let you in on a little secret about the gold and silver
28:39
mining stocks. Their price to earnings ratios
28:42
even right now based on the last quarterly data are well below
28:47
the overall average for the major indexes, things like the
28:50
S&P 500, the NASDAQ, that type of thing.
28:54
But the kicker with the gold silver mining stocks is that not
28:58
only is their price to earnings ratio lower, but since their
29:01
earnings are coming up more and more, it makes that disparity,
29:06
that gap between where they are and where the markets are even
29:10
more exaggerated. Man, it's going to be fun.
29:13
I really appreciate you being here again.
29:14
Please don't forget, subscribe to the channel.
29:17
But no matter what, OK, Have a great day, be good to yourself,
29:20
and I'll look forward to seeing you.
29:23
Yes, you next time. Thank you.