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**When to SELL SILVER** Critical Info YOU Must hear - (Gold News Update too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  The burning question that all of us silver and gold investors
• 0:05
  want to get the answer to when do we sell our silver in
• 0:11
  particular? We're going to get to the
• 0:12
  answers. We're going to talk about when,
• 0:14
  how and why. But there's other big stories in
• 0:17
  the precious metal sector that we're going to cover first.
• 0:19
  Is the US Treasury buying gold? And what about this big breaking
• 0:25
  news about the Big 5 bullion banks?
• 0:27
  We're going to see what's reported about that as well.
• 0:29
  Yes. The big bullion banks that maybe
• 0:33
  exert a little influence over the price of the precious
• 0:36
  metals. Before we do that, I want to say
• 0:37
  thank you. Yeah.
• 0:39
  The most important part of what we're doing right now.
• 0:41
  That's you for joining me down here in the basement.
• 0:45
  It's a big deal. I appreciate you.
• 0:47
  Please subscribe to the channel. Give the video a thumbs up,
• 0:50
  share it with your friends, and leave a comment.
• 0:53
  That's right. I love your comments.
• 0:55
  You don't have to agree with me. You can disagree.
• 0:57
  That's how we learn. Let's go out and take a look at
• 1:00
  what's happening right now in the precious metals markets.
• 1:04
  Let's get an update. We will first go to the spot
• 1:09
  price of silver. Hold on, we're having a little
• 1:12
  tech difficulty right now. Uh oh.
• 1:15
  Hold on, guys. Give me one second.
• 1:20
  And are we live? Let's make sure we're back here.
• 1:24
  Hold on one second. Hello.
• 1:28
  Uh oh. I think we're having some tech
• 1:30
  issues. Hold on.
• 1:32
  OK, we're just going to keep going.
• 1:34
  I see 175 people. Let's go out to the spot price
• 1:39
  of silver from Kitco. Right now we are up $1.76.
• 1:45
  Is it just me or does it seem like one day we go down a dollar
• 1:49
  and the next day we go up to dollars?
• 1:51
  Remember, there will be volatility, there will be
• 1:53
  pullbacks, but we will also together celebrate days like
• 1:57
  today. So the spot price of silver is
• 2:00
  $67.29 and a normal healthy market.
• 2:05
  We should go out here to the futures price and it should be
• 2:09
  higher, which it is. OK, so the futures price, so we
• 2:13
  are in a state of contango. This is the March 2026 futures
• 2:18
  price on silver. Wow, still unbelievable.
• 2:22
  We're looking at a $67 silver price.
• 2:25
  But let's go to the next big piece of of news we have.
• 2:29
  And don't forget, we're going to talk about when and how and why
• 2:32
  you might want to consider selling some of your silver and
• 2:37
  it'll apply to gold as well. Oops, I forgot to pull up the
• 2:41
  there's the futures price. Sorry guys, Susie's not here
• 2:45
  today to keep me straightened out.
• 2:46
  Now we will go to this big article about the five bullion
• 2:51
  banks. This is being reported from
• 2:53
  silver trade. Has the end game arrived?
• 2:57
  For the first time ever, the the major five US bullion banks have
• 3:03
  flipped net long on the silver COMEX futures contract from
• 3:09
  around 20,000 contracts net short, the US bullion banks have
• 3:13
  reduced their total silver short contracts to 17,800 versus
• 3:18
  18,600 silver long contracts, a net long of 773 contracts.
• 3:26
  Have the five major US bullion banks also closed out their
• 3:30
  trillions in silver short positions in the derivatives
• 3:33
  market because they know the final end game has arrived?
• 3:36
  And are they positioning themselves for the coming U.S.
• 3:40
  dollar collapse? Or have the US bullion banks
• 3:43
  closed out their short COMEX Future silver book simply to
• 3:47
  protect what is left of their physical physical silver
• 3:51
  inventory in COMEX vaults? As COMEX longs continue to stand
• 3:56
  for delivery, December is already seen the highest amount
• 3:59
  of silver long stands for delivery in the month of
• 4:03
  December ever. OK, He's reporting this is like
• 4:06
  one of the first times ever that the big 5 bullion banks have
• 4:10
  gone that long and what we're seeing is a December record and
• 4:15
  and contract standing for delivery.
• 4:17
  Guys, the silver market has changed.
• 4:20
  We're going to focus more on silver today.
• 4:21
  Gold has changed as well, but the silver market has changed to
• 4:26
  a physical market, OK? The top executives are talking
• 4:30
  about it, Everybody's talking about it.
• 4:32
  The LBMA was even talking about it at their contract, that it's
• 4:35
  become a physical situation, a physical market.
• 4:39
  That means the paper, yes, the paper market, the COMEX in the
• 4:44
  LBMA, the London Billion Market Association where they trade the
• 4:48
  make believe like we like to refer to as fantasy island
• 4:51
  silver. They're being overrun by the
• 4:55
  physical market. On top of that, we've got all
• 4:58
  the fundamental reasons. Let's though run out to China
• 5:01
  just to get a check on how the Chinese silver market closed
• 5:05
  last night. We will go here.
• 5:08
  Uh oh, where did it go? Bear with me.
• 5:12
  Did we lose it? No, we didn't lose it.
• 5:13
  Here it is right here and should be on your screen right now from
• 5:18
  Oriental Ghost. This is the Shanghai Gold
• 5:21
  Exchange and the Shanghai Futures Exchange.
• 5:24
  There is silver. I'll do it quickly.
• 5:26
  We do it every day. There's AG on the Shanghai Gold
• 5:30
  Exchange, and as you can see in their physical market
• 5:35
  essentially in China, they closed at 6797, darn near 68.
• 5:43
  Oh my gosh, have we ever seen a $68 per oz silver price?
• 5:49
  Remember guys, it was just a year ago we sat down here and
• 5:53
  talked about why silver was a very smart place to put our
• 5:57
  money and the price one year ago was around $30 per oz.
• 6:03
  Now we're looking at the Chinese physical market, which is taking
• 6:07
  over for the for the paper markets in the United States
• 6:11
  reporting, we're just going to call it 68.
• 6:13
  All right, You know what comes after 6869.
• 6:17
  OK, I'm going to leave that one all alone.
• 6:19
  Let's also check this out. We need a little humor from time
• 6:23
  to time. This is came from hold on here.
• 6:27
  This comes from again, the silver trade.
• 6:30
  Wow, they're getting some. They're knocking out of the
• 6:32
  park. This is the bullion banks.
• 6:35
  OK, attacking the silver attacking silver on the COMEX
• 6:39
  open. So imagine that deer there is
• 6:42
  the that's that's the silver prize.
• 6:46
  This is they're not having much success.
• 6:51
  They're like, what, what, what what's wrong?
• 6:54
  I don't understand what happened here.
• 6:59
  OK, the next one. This is great.
• 7:01
  We're going to check out. Hold on here.
• 7:03
  This comes from David Morgan, a long time, super highly
• 7:08
  respected figure in the precious metal sector and silver.
• 7:12
  He says this is too good not to repost.
• 7:15
  There's the Chinese President Xi and the Prime Minister of India.
• 7:20
  Shoot, I'm forgetting his name, but you know, you know who I'm
• 7:22
  talking about. They're saying we are the Hunt
• 7:24
  brothers now. And there's a big important
• 7:27
  message in this. OK, All right, a big important
• 7:31
  message. Yes, China and India are taking
• 7:34
  over the metals markets. The East is taking over
• 7:38
  physical. That's the big message in this.
• 7:41
  It's they're taking it over because of physical demand, the
• 7:45
  Shanghai Gold Exchange, right? The Indian economy, the Indian
• 7:49
  country importing record amounts of silver.
• 7:53
  But wait, there's more. Think about this.
• 7:55
  The American Hunt brother, David Bateman, the billionaire who
• 7:59
  owns 13 million and growing, he just bought another $10 million
• 8:04
  worth of silver last week, right, 13.
• 8:07
  He's, he's the American Hunt brothers.
• 8:09
  Think about this as well. He's not buying paper silver.
• 8:15
  He's not buying his silver, right, with futures contracts, I
• 8:19
  don't think. And if he is, he's standing for
• 8:20
  delivery. The point is he's not
• 8:22
  accumulating silver in paper form.
• 8:25
  He's accumulating silver in physical form.
• 8:28
  And you can't print more silver. They tried that, right?
• 8:36
  It was like a beach ball held underwater.
• 8:38
  We talked about that many times. Right now we are just in the
• 8:42
  process of seeing that beach ball.
• 8:44
  If you hold a beach ball underwater, you can manipulate
• 8:47
  it. You can manipulate it, but
• 8:49
  eventually the forces of Mother Nature, the free market sources
• 8:54
  right when and right now what we are seeing through today.
• 8:58
  Remember, I don't have a crystal ball.
• 8:59
  I'm, I, I don't make any financial decisions, but we're
• 9:02
  seeing that beach ball come up straight up out of the ground.
• 9:06
  Is the US Treasury, excuse me, is the US Treasury buying gold?
• 9:13
  What I, I first I heard of this and I'll, I'll label it as to be
• 9:18
  conservative speculation. We're going to get to that
• 9:21
  first. I want to say thank you to our
• 9:23
  sponsors, our sponsors first mint right there, Silver Mint in
• 9:27
  Las Vegas, NV. They give you the best world
• 9:31
  class silver bullion products out there.
• 9:33
  They've got rounds, they've got bars, they have a whole line of
• 9:36
  products. They even have a product that
• 9:38
  supports the the family members of fallen and disabled members
• 9:43
  of the military and 1st responders community that is
• 9:46
  called the Folds of Honor. As a matter of fact, I have one
• 9:49
  of their three Folds of Honor products right there.
• 9:52
  That's a 10 oz. That's really cool folded
• 9:55
  American flag that you can check out on their website, which I'm
• 9:59
  going to show you right now after we look at our friend the
• 10:02
  president and Prime Minister from China and India
• 10:05
  respectively. Hold on here, hold on.
• 10:10
  I'm having some tech issues. Hold on and boom.
• 10:14
  OK, now you should be in the right place.
• 10:16
  We are at first Meant. Yeah, you want to be.
• 10:19
  This is where you want to be. If you want to check out silver
• 10:22
  and gold, look at that. The price of silver is down
• 10:25
  $0.82. Let's see if maybe we refresh
• 10:29
  this and we get another price. Oh, there we go, up a dollar
• 10:33
  $6267.18. Anyhow, first meant.com of free
• 10:39
  shipping on orders over $299. There's there's their store
• 10:44
  where you can check everything out.
• 10:46
  Again, this is the freshest silver on the market.
• 10:50
  It goes from the mine, right? Because oh, I forgot to mention,
• 10:53
  they're owned by First Majestic Silver, Keith Neumeyer's
• 10:57
  gigantic silver mining company who mines the silver in Mexico,
• 11:02
  ships it to Las Vegas, NV, United States of America.
• 11:07
  And then from there, those beautiful products you just saw
• 11:11
  come straight to you. And I can tell you from
• 11:13
  experience from the basement dweller community, all the
• 11:15
  feedback that I've gotten, which is awesome.
• 11:18
  You guys love First met, You're super happy.
• 11:21
  I call it a premium experience for retail.
• 11:24
  So I mean, the packaging, the products, and I'll show you
• 11:28
  another one. This is not show and tell.
• 11:30
  And then we're going to get to the when you should sell your
• 11:32
  silver. We'll get to that, don't you
• 11:34
  worry, but this and get it the right direction is the year of
• 11:39
  the dragon coin. I mean look at that man.
• 11:42
  I love silver. The light getting the light just
• 11:45
  right on it. Can you see that the detail it's
• 11:48
  like that dragon coming out to get you on a serious note.
• 11:53
  This thing is beautiful. The bank's beautiful as well.
• 11:55
  You can check it out on their website.
• 11:57
  Is the treasury buying gold? Let's get into that.
• 12:00
  This is interesting. We have a little video to watch.
• 12:04
  Uh oh hold on. I'm going to let you look at
• 12:06
  that. Hold on.
• 12:08
  Here we go. I'm getting it up.
• 12:11
  Sorry, I didn't have it loaded properly, but now I do and boom.
• 12:17
  OK, make sure we get the right screen up for you.
• 12:21
  This is from Jesse Day, which is the Commodity Culture YouTube
• 12:25
  channel. He had a guy on his show, I
• 12:29
  believe it's Tom Luongo. Who had this to say about what
• 12:36
  is going on? Hold on, we're going to pause
• 12:38
  it. We're start at the beginning and
• 12:43
  boom, let's see what he has to say about what what's I'm going
• 12:46
  to say? Speculation, but very
• 12:48
  interesting what he talks about here.
• 12:51
  Here we go. It's been pretty obvious since
• 12:54
  Q1 of last year that that Besson is just selling dollars to buy
• 12:59
  gold. Like his whole, the whole.
• 13:01
  Scott Besant is the Treasury Secretary of the United States,
• 13:05
  and he says selling dollars to buy gold.
• 13:09
  It's very interesting. Week dollar policy that we dealt
• 13:12
  with in the first half of 2025 was, you know, best and
• 13:15
  basically selling dollars and buying gold and draining and,
• 13:18
  and draining the LDMA. And again, I can, I think he's
• 13:21
  continuing to do this. There are more and more signs
• 13:25
  that the United States is getting ready to change the way
• 13:27
  the monetary system is going to operate.
• 13:30
  Trump even said that this morning after his fire breathing
• 13:34
  side chat that he gave last night.
• 13:36
  I, I, I was not. So I don't know if you watched
• 13:38
  it, but I was not surprised at all that he went in there with
• 13:40
  like both guns blazing. It wasn't going to be the hi,
• 13:43
  I'm Donald Trump and I'm, you know, Teddy bear.
• 13:46
  He's like. OK, so we got, we got the point
• 13:49
  that we wanted. He's he's proposing that
• 13:52
  possibly the United States Treasury is selling dollars and
• 13:56
  buying gold or printing, you know, essentially printing
• 13:59
  because any dollars that the United States Treasury gets
• 14:01
  because we're running a $2 trillion deficit.
• 14:05
  Oh, you know what, at the end of this live stream, we're going to
• 14:07
  go out and look at the US debt clock.
• 14:08
  We've been on a field trip together there for about a
• 14:12
  month. So I owe you that.
• 14:14
  But basically any, any, any additional money that our
• 14:17
  government is spending is basically printed money because
• 14:20
  it's borrowed money. We've got a $2 trillion deficit.
• 14:25
  The world financial system is undergoing change like never,
• 14:29
  ever before, including right the the stable coins and the
• 14:33
  tokenization of everything, including silver and gold.
• 14:38
  And guys, you heard it here first.
• 14:40
  The big story in the precious metal sector, I believe in the
• 14:44
  next 5 to 10 years is going to be the unbelievable tokenization
• 14:49
  of gold and silver in the demand that it creates for physical
• 14:53
  metal. Think about this.
• 14:55
  If people are able to to, to hold the, the gold and silver in
• 14:59
  tokenized form right there that that's basically, that's
• 15:04
  basically re monetization of silver and gold and we'll be
• 15:08
  able to sell it and trade it instantaneously all when it's
• 15:12
  completely backed up by physical metal in bolts.
• 15:15
  It's happening right now, right, with Tether, the world's biggest
• 15:19
  crypto company that has XAUT, which is tokenized gold there.
• 15:23
  They hold all their gold in a vault in Switzerland.
• 15:27
  So I got a little off topic there, but trust me, be ready.
• 15:30
  That's the sleeper. Everybody, Everybody talks about
• 15:33
  the demand and it's real for gold, physical gold from central
• 15:37
  banks, from investors, for silver, you know, all the demand
• 15:41
  for silver, right? We could go on for the next two
• 15:43
  hours talking about that. But one of the big sleepers that
• 15:48
  nobody's talking about and we look, we've been down this road
• 15:50
  together for a number of years, guys.
• 15:52
  We talked about things stagflation 2 years ago.
• 15:56
  We're way ahead of the curve. And I'm going to tell you 2
• 15:59
  years from now, everybody in the precious metal sectors will be
• 16:02
  saying, man, the tokenization of gold and silver created this
• 16:05
  massive wave of demand. Because think about this, If
• 16:10
  you're a poor farmer, let's talk about silver.
• 16:12
  And there's a reason why this is critical.
• 16:14
  If you're a poor farmer in India who likes to hold physical
• 16:18
  silver, or you're in a poor country, anywhere in the world
• 16:21
  and you want to hold paper, U.S. dollars.
• 16:23
  And now, right now they're encouraging those people to buy
• 16:27
  the stable coins, the dollar based stable coins.
• 16:30
  If those same people have the same opportunity to buy
• 16:33
  tokenized gold and silver, what do you think they're going to
• 16:36
  do? Right, Their choice.
• 16:39
  They can buy a tokenized U.S. dollar that, that that's
• 16:43
  basically going to lose value. I mean, look, that's just the
• 16:47
  fact, right? the US dollar loses value.
• 16:49
  It's designed to lose 2% a year, but it often exceeds that
• 16:54
  expectation. So if they have a choice beside
• 16:56
  between a tokenized dollar, which probably isn't going to
• 17:00
  pay them any interest or anything like that, or tokenized
• 17:03
  gold or silver, it's going to be a simple question.
• 17:05
  All right? We're going to talk about though
• 17:09
  when, right when and why and how right you may ever want to
• 17:14
  consider selling some of your silver.
• 17:16
  First, I want to say thank you to our other channel sponsor of
• 17:19
  the gold and silver content, First Mining Gold.
• 17:22
  It's a stock I've owned for years and years.
• 17:24
  I'm not a financial advisor. Do your own research.
• 17:27
  However, I'm very excited about the company because they have
• 17:30
  two massive development stage gold projects in Canada, Spring
• 17:36
  Pole in Ontario, do Park and Quebec, both of which have multi
• 17:40
  million ounce deposits of gold in the ground in Canada, which
• 17:44
  is a very favorable jurisdiction, right?
• 17:48
  There's gold deposits all around the world, but there's a lot of
• 17:51
  political instability and everything else.
• 17:53
  These projects are in Canada. You can learn more about them at
• 17:57
  firstmininggold.com. You can even reach out to their
• 18:01
  Director of Investor Relations, Paul Morris, and he'll get back
• 18:04
  to you. Right?
• 18:05
  Like they, they are very open in their communications with their
• 18:09
  investors. When do you sell silver?
• 18:11
  That's the burning question. I'm going to give you some
• 18:14
  answers right now and this is so important.
• 18:16
  I'm going to be reading from a note card.
• 18:19
  People ask me, I'm getting this question all the time.
• 18:22
  If silver hits this price, should I sell silver at $100 per
• 18:26
  oz? Well, there's a lot to consider
• 18:28
  and I'll give you some strategies that you might want
• 18:32
  to consider as you move into this.
• 18:34
  I would say don't set a price to sell your silver, but look at a
• 18:38
  number of factors. At any given price point, it's
• 18:42
  $70 silver at $100 silver at $150.00 silver.
• 18:47
  If silver goes down at $50 silver, right?
• 18:51
  I don't think we'll see that again, but you know, nothings
• 18:53
  out of the question. You want to look at a number of
• 18:55
  factors. One of the biggest ones about if
• 18:57
  it price skyrockets, there's a concept called all the ducks
• 19:02
  quacking. And there's a big reason why you
• 19:05
  want to pay attention to all the ducks.
• 19:07
  And what that means is I heard Ross Speedy say this years ago,
• 19:11
  you sell. You sell when all the ducks are
• 19:14
  quacking. OK.
• 19:15
  Or another way that we could look at it is when all the sheep
• 19:19
  are buying, buying, are buying. Wow, that kind of works now,
• 19:24
  doesn't it? And what that means is right
• 19:27
  when everybody's, when all the ducks are quacking, when
• 19:30
  everybody's talking about silver, when you're hit, when
• 19:33
  you're seeing it on the front page of the newspaper or when
• 19:36
  they're talking about it on CNN or wherever, that's a good sign
• 19:40
  that you might want to sell, in my opinion, some of your silver.
• 19:44
  When those people right the sheeple is we affectionately
• 19:48
  refer to them are talking about buying buying silver the other
• 19:57
  98% because don't you forget your part of the Green Beret of
• 20:02
  the financial world, right where where where the 2%.
• 20:05
  But when the other 98% when the sheep are buying right then
• 20:09
  maybe you want to sell some. Now here's other big things to
• 20:13
  consider, but that that is a a key fundamental.
• 20:16
  Are the fundamentals still in place?
• 20:18
  I don't care if the price of silver's AT200500.
• 20:22
  Dollars, if the fundamentals are still in place, you want to
• 20:25
  consider that the reasons why you bought in the 1st place, are
• 20:28
  they still true? OK, For instance, if the dollar
• 20:32
  continues, or I hope it doesn't, but you know, we know how to
• 20:37
  work a calculator if the dollar does continue to lose value,
• 20:41
  right? And So what?
• 20:42
  The price goes to $110 per oz. If the dollar is going and it
• 20:46
  seems to be accelerating, what are you going to do?
• 20:50
  Are you going to sell? Sell your silver for U.S.
• 20:52
  dollars. What are you going to do with
• 20:53
  those dollars again? Right.
• 20:55
  Just I'm not giving financial advice, just things to consider.
• 20:59
  This is a big one. This is another as big as the
• 21:02
  when all the ducks are quacking something for you to consider.
• 21:07
  Likely you didn't buy all the silver or gold, or maybe you
• 21:12
  did. Maybe you bought it in one big
• 21:14
  one big purchase. OK, but most people dollar cost
• 21:19
  average done right I bought silver years and for years and
• 21:23
  years right little by little by little by little and then it
• 21:26
  adds up. I store mine off site, right?
• 21:29
  Whatever, wherever you store yours that your business, but
• 21:31
  you probably acquired it little by little by little by little.
• 21:35
  You dollar cost average done. It's OK to also dollar cost
• 21:40
  average out. You hear that all the time about
• 21:43
  buying dollar cost average dollar.
• 21:45
  If you ever considered that if you do consider to sell some of
• 21:49
  your silver, OK, that you can also dollar cost average out.
• 21:53
  I knew a guy friend of mine who was one of the top traders at
• 21:57
  one of the top financial service countries companies in the
• 22:01
  country, OK. And he once told me, 'cause I
• 22:04
  had a stock that went way, way, way, way way up and said should
• 22:07
  I sell it all? I'm, you know, don't be an all
• 22:10
  or nothing person. I've done that before.
• 22:12
  You take a big risk in doing that.
• 22:14
  Here's what he said. He said sell some OK and hope
• 22:19
  that you're wrong. Meaning if silver goes to
• 22:21
  $120.00 an ounce and maybe you say you know what, I'm going to
• 22:26
  cash out a third of my silver, sell that third right?
• 22:30
  So you still have 2/3 of your silver stack and hope that you
• 22:34
  were wrong, Hope that you're 2/3 goes up 3X from there, even more
• 22:41
  right? If you do an all or nothing
• 22:42
  trade, which again, you know, it's your choice, your decision.
• 22:46
  Do your own research. You're taking risk because if
• 22:48
  you sell all your silver at 100 and the price of silver goes to
• 22:53
  400, which is not out of the question, you made a bad choice.
• 22:57
  If you only sold 1/3 of it and it goes to 400, well, you still
• 23:00
  are in really, really dandy, handy dandy shape.
• 23:03
  OK, we got a lot more on this on this subject as well.
• 23:07
  The question too is have a plan. If you do decide that you're
• 23:12
  going to sell some silver at a certain point, have a plan about
• 23:15
  what you're going to do with the money.
• 23:17
  Because again, if the dollar continues to go down and down
• 23:19
  and down in value, you don't want to put it in a bank account
• 23:22
  or ACD or something like that. You don't want to put a pile of
• 23:25
  cash under your mattress or maybe bury it in your yard.
• 23:29
  And one of those really cool dirty man saves.
• 23:31
  Don't forget dirty man safe, right?
• 23:34
  You can. You can Here, I'll show you real
• 23:36
  quick, right. It's the safe that you can use.
• 23:40
  These things are so cool to store things and go check them
• 23:44
  out. But also remember, there's a
• 23:46
  discount code Ron 10 you want to keep.
• 23:48
  I mean, if you're going to bury this in your yard and that right
• 23:51
  now, and that's what you do with these, right?
• 23:53
  You're like a pirate. You bury.
• 23:54
  Do you want to put, do you want to put $35,000 in here in cash
• 23:59
  or do you want to put 500 ounces of silver?
• 24:02
  Right. You know the answer?
• 24:04
  So what I'm saying is if you're going to sell your silver, have
• 24:07
  a plan. And don't forget there's a
• 24:08
  discount code it dirty man safe. They're wonderful, nice people.
• 24:12
  They're cool products. You get to be like a pirate or
• 24:16
  store some, you know, bury some treasure.
• 24:18
  Yeah. You got a fireproof safe?
• 24:19
  Yeah. You got a safety deposit box?
• 24:21
  Yeah. You got wherever you keep your
• 24:23
  stuff. That's your business.
• 24:25
  But you can also bury some like the like the pirates, Ron 10
• 24:28
  wonderful people. Where was I?
• 24:30
  Oh, yeah. Have a plan, maybe think about
• 24:33
  like maybe you'll buy a rental property, right?
• 24:37
  I'm not into that, but a lot of people are.
• 24:38
  It's real estate. It's real, right?
• 24:40
  Buy something real, maybe gold, gold, I'm sorry.
• 24:44
  Oil company stocks will be really cheap.
• 24:46
  And when you buy an oil company stock, you're buying that oil
• 24:50
  that they have and they produce, right?
• 24:51
  So just have a plan for what you may or the other thing I'm going
• 24:55
  to tell you this right now, this is very important, very
• 24:59
  important. I don't give financial advice
• 25:02
  except for this, OK. And that is this.
• 25:05
  If you sell some of your silver, if you have any type of debt
• 25:09
  that's on an adjustable rate, like a credit card, right, where
• 25:12
  they can adjust the rate up and up and up and up.
• 25:14
  And credit card rates now or what, 30 percent, 25%.
• 25:18
  The first thing you should do is pay off any adjustable rate that
• 25:22
  that's an automatic win no matter what because of the
• 25:26
  dollar continues to crash and the price of silver goes up and
• 25:29
  you sold some of your silver, the rate on that adjustable rate
• 25:32
  that will continue to go up. So I will give that financial
• 25:35
  advice. OK, All right, I did that.
• 25:40
  Be careful, all this is big. Be careful.
• 25:43
  If you decide to sell gold, silver, anything, shop around.
• 25:47
  It's kind of like, I hate to say this, buying a car or something
• 25:51
  else. Don't just go one place and take
• 25:53
  what they offer. Shop around, do your research,
• 25:56
  OK? Make sure that you are getting a
• 25:59
  fair deal if and when you ever because you know in any business
• 26:04
  there's some unsavory characters.
• 26:06
  The gold and silver business have a lot of wonderful.
• 26:09
  The majority of people are are quality and all that, but
• 26:12
  always, always, always shop around and you don't have to
• 26:16
  sell. I can look you straight in the
• 26:20
  eye, my friends in the basement and tell you I have never.
• 26:23
  Hey, don't forget. Give this a thumbs up, Susie
• 26:26
  Upstairs Susie, she says hi to everybody.
• 26:28
  She's out visiting her 92 year old mother, but she always loves
• 26:32
  to get the thumbs up. So high 5 The upstairs Susie,
• 26:36
  she says hello to everybody. Give it a thumbs up because
• 26:39
  she'll be checking later. OK.
• 26:40
  And I'll ring the gong for you guys here in a minute now.
• 26:44
  Oh, yeah, You don't have to sell, right?
• 26:47
  You don't have to. I've never sold an ounce of
• 26:50
  silver. When I would buy silver, look, I
• 26:54
  always looked at it as generational wealth.
• 26:57
  Because think about this. There's a reason why that's
• 26:59
  important. If your grandpa's grandpa, your
• 27:05
  grandpa's grandpa, his grandpa, what's that like 6 generations
• 27:09
  back, right? It had some of this.
• 27:12
  This is silver. Oh yeah.
• 27:14
  Isn't it beautiful? The most I think the most
• 27:16
  beautiful thing in the world and it's from first met who I'm
• 27:19
  holding it right in front of. Anyway, if you had if if your if
• 27:22
  your grandpa's, if your grandpa's grandpa's grandpa had
• 27:26
  some of this and handed this ounce of silver right down from
• 27:31
  generation to generation to generation to generation.
• 27:35
  You could go out today with this ounce of silver and essentially
• 27:40
  buy exactly or more what that grandpa of yours from six
• 27:45
  generations back could have bought back then, right?
• 27:48
  You could go out and take, let's for instance, you could go out
• 27:50
  and have a feast with your family with this, maybe
• 27:54
  Applebee's, the Olive Garden, one of those kind of places, but
• 28:01
  a feast nonetheless, just like right, 300 years ago, somebody
• 28:05
  could take this. So it's the point is this, you
• 28:08
  don't have to sell your silver. It's gonna go up and down and
• 28:12
  you don't have to even really value it.
• 28:16
  It is the using the paper dollar is the unit of measure.
• 28:20
  There's nothing that says you can, but you can value this
• 28:23
  against a barrel of oil, which by the way, this is more
• 28:26
  valuable, last I checked, in a barrel of oil, first time in
• 28:30
  history. You can value it against
• 28:32
  anything, food, a bushel of wheat, anything.
• 28:35
  So don't. You don't have to sell.
• 28:37
  It is generational wealth. The other thing I'll say is
• 28:39
  nobody knows for sure. Nobody has a crystal ball.
• 28:42
  Those are just some keen ideas that I had for you about how,
• 28:46
  when and why you may want to consider or why not that to
• 28:51
  consider with your silver. Let's go ahead and take a look
• 28:54
  at the US debt clock. I promised you that and boom,
• 29:00
  we're going to leave. Hey, hey, hey, hey, hey, are you
• 29:33
  there? Hopefully somebody give me a 5
• 29:38
  by 5. I really apologize.
• 29:40
  I accidentally clicked on the streaming software tab and that
• 29:47
  ended our stream temporarily. OK, now we're back.
• 29:50
  Now we are going to go out and look at the US step clock.
• 29:53
  Sorry about that guys. So we will go to hold on here.
• 29:59
  Oh, here we go. Hold on.
• 30:03
  I tell you what streaming is can be a real I'm a one man band.
• 30:08
  I appreciate your understanding. Oh, yeah.
• 30:10
  Did I tell you that? That's the president of China
• 30:12
  and the president of India and they are the new Hunt brothers.
• 30:15
  But that's not what we're doing. We are going to go now to the US
• 30:19
  debt clock just to do a quick check.
• 30:22
  I wonder what the paper to silver ratio is right now.
• 30:26
  Here we go. All right, how's everybody
• 30:29
  doing? Happy holidays.
• 30:30
  We are at the US National Debt Clock where we have, oh, if we
• 30:35
  stay on for a few minutes, we're going to get to 38 trillion, 500
• 30:39
  billion in debt. Oh boy, as you can see down
• 30:45
  here, interest on that debt, almost a trillion and the
• 30:48
  deficit now it says 1.7 trillion, which is still crazy
• 30:51
  high. Don't forget the debt creates
• 30:54
  the interest. The interest creates even more
• 30:56
  of a deficit. The more of a deficit creates
• 30:59
  more of a debt and it turns into just because we do it every time
• 31:03
  we are live, I can never get a we'll use blue.
• 31:09
  It goes like this to this to this, and then that makes this
• 31:14
  bigger, bigger. It turns into do you see that?
• 31:19
  It turns into a spiral. All right, I wanted to go check
• 31:23
  over here. We are going to look at the
• 31:26
  paper. OK, hold on here first, we'll
• 31:31
  look up here. The dollar to silver ratio is
• 31:34
  currently sitting at well, you can't see it.
• 31:38
  OK, it's in the second column. You can see my hold on here.
• 31:43
  For some reason the markers don't work over here.
• 31:45
  It's right here where my cursor is going back and forth. 1164
• 31:50
  That means for each ounce of silver that is being mined this
• 31:53
  year, the US government is printing $1164 through the M2
• 32:00
  money supply, which is like the biggest measure of the liquid
• 32:04
  money in our economy. OK.
• 32:07
  The five year average is $1500 being printed that for each one
• 32:12
  ounce of silver that's being produced.
• 32:14
  If we go a little bit lower here, all right, you can see my
• 32:18
  cursor, it's like the 4th bottom or second box from the bottom.
• 32:23
  The paper to silver ratio currently sitting at 357 ounces
• 32:29
  to 1. All right, guys, it's going to
• 32:31
  be a wild ride. Thanks again for joining me down
• 32:34
  here in the basement. Let's go do a quick update.
• 32:37
  Let's make sure silver is still green on the day and Oh my gosh,
• 32:43
  Oh my gosh. Let's just say it's improved
• 32:48
  since we started the live stream.
• 32:50
  Is that you? Did you buy silver?
• 32:52
  Currently in the futures market we are at $67.49.
• 32:59
  So silver is doing well. You know what?
• 33:01
  While we're here, let's point a few beautiful things out on this
• 33:05
  chart. This is a one year chart of
• 33:07
  silver back in April. I mean, Can you believe this,
• 33:11
  right, $30 per oz here back in April of this year.
• 33:17
  Here we are a short 8 months lower, but look at the beauty of
• 33:21
  that now. It was pretty steady up to
• 33:23
  there, but now the rate of increase has gone up right from
• 33:28
  about this point right here, right, It's become much steeper.
• 33:32
  But I still want to point out I am, I am, I am not.
• 33:36
  That is not what we call a spike.
• 33:39
  A spike would look like this, like a short squeeze right where
• 33:43
  it shoots up and then it usually would shoot back down.
• 33:46
  Even though this has been a very, very, you know,
• 33:50
  accelerated move up. We've had some periods of
• 33:53
  consolidation during this as well.
• 33:56
  And all through this period we had massive, I mean, look at
• 33:59
  that Channel that the price basically stayed within.
• 34:02
  It truly is a thing of beauty. Let's look at the let's go.
• 34:06
  We'll go to five year, see if there's anything worth looking
• 34:08
  at there. Now it does look like a spike,
• 34:10
  but that's a five year chart. Let's look at all.
• 34:14
  Wow, wow. So this goes back to 1982.
• 34:21
  This is where this is where. Hold on, let me get the crayons
• 34:25
  out. So about right over here would
• 34:27
  have been 1970. This is where the giant cup,
• 34:33
  right? And then handle happened and
• 34:36
  man, have we gone for a wild, wild ride.
• 34:42
  Unbelievable. All right, thanks again for
• 34:44
  joining. Hey, before I forget 800 people
• 34:46
  on here. Thank you.
• 34:47
  It was it was a snap live stream on a Friday afternoon.
• 34:50
  If you wanted to do something nice this holiday season, check
• 34:54
  out a charity called hope walks. They're treating children all
• 34:58
  over the world for the horrible affliction of clubfoot.
• 35:03
  Read about it. It's much more common than those
• 35:05
  of us in the West realize and they're making major impact on
• 35:09
  children's lives all around the world.
• 35:11
  I talk to the the guy that's that, that's the head of it, the
• 35:14
  president of IT, Scott Reichenbach.
• 35:16
  Good people. I feel really good about
• 35:19
  recommending you check them out. I'm not being paid or reimbursed
• 35:23
  in any way, shape or form for saying this.
• 35:25
  It's just a charity that I know is doing really great work.
• 35:28
  And if you want to do something nice again, please go check them
• 35:31
  out. Let me show you their see if I
• 35:33
  have their website. I do.
• 35:37
  There it is right there. Hope Walks, it's Hopes, it's
• 35:39
  hopewalks.org. They've got all kinds of
• 35:43
  information out there, videos you can watch about the impact
• 35:47
  that they're having all around the world.
• 35:49
  It's very treatable and it only cost about $500 per kid to treat
• 35:53
  it. So anyway, take care, OK?
• 35:55
  Have a great day. I appreciate you.
• 35:59
  And I know that it's, I mean, even when things are up, it is
• 36:02
  just crazy lately in the metals markets.
• 36:05
  We, we said this two years, three years ago, four years ago,
• 36:09
  we'll say it today. We'll navigate all these waters
• 36:12
  ahead of us and look for a bright future together.
• 36:15
  Take care of yourself and I'll see you.
• 36:17
  Yes, you, next time.