Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **ALERT!** 🐥🐥 SILVER Making HISTORY!... (Gold Price NEWS too)

Transcript

**ALERT!** 🐥🐥 SILVER Making HISTORY!... (Gold Price NEWS too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:02
I told you we'd have some pull backs in the silver market and
0:06
the gold market, but that does not take away from the fact that
0:10
we are still making history right now in the precious
0:15
metals. We got a lot to cover today.
0:17
Some news from the LBMAA Little inside, inside from the LBMA,
0:22
the London Bullion Market Association.
0:25
Even more exciting, we're going to talk about not one, not 2,
0:29
but three new sources of demand for gold and silver, even more
0:35
focused on the silver side. It's fascinating.
0:38
It really is a 123 punch and we've got big news from a
0:43
another billionaire when it comes to silver.
0:46
Before we get to all that, thank you for joining me here in the
0:49
basement. The most important part is that
0:52
you're here. It's a big deal.
0:53
When you give your time, join us in the basement.
0:56
I hope you feel like you found a little home away from home where
0:59
we can talk about the precious metals.
1:01
Please subscribe to the channel. Hit the little bell symbol, the
1:06
notifier, whatever that means. Leave a comment in the comment
1:09
section. We want to hear from you and we
1:11
want to learn from you. Let's talk about let's start by
1:15
talking about one way that silver in particular is making
1:20
history. And there's a big reason why we
1:23
want to pay attention to this. Let's dig right in.
1:25
It has to do with oil. But for the first time we get a
1:29
post yesterday from the CEO technician directly from the CEO
1:35
herself himself. I can't see the picture says
1:38
this has never happened before in history.
1:42
The silver price was higher than the crude oil price.
1:47
That may have pulled off a little bit but guys, this has
1:50
never happened in history before.
1:52
And when we look at this chart, right, we can see it very
1:56
clearly right one to one. Let me get the virtual crayons
2:00
out, but the real important thing here, the real reason why
2:03
we want to pay attention to this is because, like we've talked
2:06
about so many times, those of us who's who maybe stack some
2:10
silver or gold. Is that you right that you want
2:13
to count your metals as the number of Oz you have like we're
2:17
so we're so used to comparing it to dollars and pricing it in
2:20
dollars, and I get it. I do it too, just like you.
2:24
But really, the value of this, like this first mint year of the
2:29
snake silver round, right, is an ounce of silver.
2:33
We can compare it to dollars. Yeah, sure.
2:35
It's worth 57 right now, if that's the unit of measure that
2:40
we choose to use. But what if we decide to use a
2:43
barrel of crude oil? I'd say that the price of silver
2:47
is making history, right? You can now essentially, Hey,
2:50
congratulations, go grab one of your oz, run down to the depot
2:57
and tell them you wanna buy a barrel of oil.
2:58
But seriously, you can buy a barrel of crude oil with an
3:02
ounce of silver or pretty close to it, but you can also compare
3:06
it to things like how many loaves of bread, how many
3:11
gallons of gasoline, right? Like right now with this, you
3:15
could pretty much fill up a lot of cars with gasoline, entire
3:19
tank. Think back and then what this
3:22
shows us, what's so important is that shows us that the value of
3:26
silver in real terms continues to do better in there because
3:32
that gallon, I'm sorry, that tank of gasoline that you can
3:35
get with that one ounce of silver today, right?
3:38
Maybe what 5-10 years ago you'd have gotten 1/4 tank of
3:42
gasoline. So what it shows us whether
3:44
we're the comparing it to this historic event, that one ounce
3:48
of silver can essentially buy you a barrel of crude oil or
3:51
anything else you want to care, compare you care to compare it
3:55
to that the value of silver continues to maintain.
3:59
OK. And you know, Speaking of which,
4:01
I do want to say thank you to channel sponsor First Meant.
4:05
They have a Cyber Monday sale going on right now.
4:08
You can check it out at their website.
4:09
You know what, let's run out there real quickly because it's
4:13
because of the support of our great sponsors, like First meant
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that we are able to get together down here in the basement.
4:21
And there you go. firstmeant.com, there's all the
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information on the Cyber Monday sale they've got that's on bars,
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$1.00 over spot. They got a number of other
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products as well. You can go to the store tab
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right here and check it out right bars, rounds, accessories
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and they're Folds of honor, the product line that they have.
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Also, we do have a discount code.
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It will not apply to the Cyber Monday sale but the discount
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code if you buy something else outside of the the bars that are
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$1.00 over spot is VIPRB. Very important person.
5:00
Ron's basement. We love first Mint, it's a
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premium experience from start to finish.
5:06
The feedback you guys are giving me is so encouraging.
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I feel great about having them as a sponsor and how they're
5:13
treating our community. Remember they're owned by First
5:17
Majestic. So this has been shipped to 1st
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Mint in Las Vegas, NV where it's transformed into these awesome
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unique silver bullion products. And then directly to you.
5:28
Thank you first meant for sponsoring the basement and and
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helping us all get together here.
5:34
Now let's talk about the LBMA. Phillip Baker, he was the CEO of
5:39
Hekla Mining of the United States, maybe the world's one of
5:42
the largest silver mining companies for like 20 years.
5:46
He was at the LBMA conference and he has something very
5:49
interesting, a very interesting observation, and we're going to
5:53
dig into it deeper right now. And then we're going to talk
5:56
about why this is so important. And don't forget, we got news
6:00
from the billionaire. And three, maybe even 4 now that
6:04
I'm thinking about it, massive new sources of demand for
6:08
silver. They could blow the lid off the
6:10
silver price. But let's go out here to
6:11
Phillips Baker and hear what he has to say about his recent
6:16
experience at the LBMA conference.
6:19
This came from Mark on X and Mr. Baker said, quote, at the recent
6:24
LBMA meeting, the consensus was physical is king.
6:29
India's demand, right, was 60 million oz, up from 15,000,000
6:33
the prior year. He says, quote, that is the
6:35
driver. The underlying price of silver
6:39
above 45 to $50 is really coming out of India and physical demand
6:45
and coming from all over the world.
6:47
So let's listen to what Phillips has to say.
6:50
This is a keen insight from somebody who was inside at the
6:55
big LBMA, the London Billion Market Association, the big spot
6:58
market for silver. It was interesting.
7:02
I was at the LBMA meeting and the quote of the of the meeting
7:12
was physical is king and that's that's that's by the LBMA
7:17
members that are saying that. Listen to what he just what he
7:21
just said. Physical is king.
7:24
Not paper, not make believe. Fantasy island silver.
7:27
Physical is king. We're we're in a very different
7:31
place than we've been in in the last 20.
7:34
Years. We're in a very different place
7:36
than we've been in in the last 20 years.
7:41
The only way silver comes back into the market that fills that
7:45
inventory is it's coming from, you know, large institutions,
7:51
coming from family offices, coming from individuals.
7:55
And it takes a lot of those to get mobilized and, and in order
8:03
to to provide the amount of silver that's needed.
8:05
And there's been a deficit now for five years.
8:08
OK, wow, that makes us all a little pumped up.
8:14
OK. This is a historic shift in the
8:18
silver price because it's being driven by physical demand.
8:22
You just heard what those Baker said from the LBMA, the London
8:25
Billion Market Association. We know they've treated the
8:28
silver and gold price so fairly over the last number of decades,
8:31
but he's telling us in no uncertain terms that we are in a
8:35
new market, right? Different than the last 20
8:38
years. And on top of that, he's telling
8:42
us, right, the only thing that's going to fix this is going to be
8:45
my opinion only. Don't make any financial
8:47
decisions based on what I say, but it's going to be much, much,
8:51
much, much higher prices because think about it, the minds, the
8:56
miners, they can't just flip a switch and start producing more
9:00
silver, OK. And if we look back over the
9:03
last 18 months, 12 months at the silver chart, let's go look at
9:07
the silver chart right now. It has been let's let's get it
9:10
out of the way. Let's take our blood pressure
9:12
medicine because today is a down day in the silver market.
9:16
We're down a dollar. Oh my gosh, now, you know, 18
9:20
months ago that would have been much more painful.
9:23
Guys, this is part of of the part of the process, but here's
9:27
what we're going to look at is we think about what Mr. Baker
9:30
said. This has been, this is the one
9:34
year chart. Do you see this pretty much
9:40
steady increase in the silver price when we get up here right
9:45
over, that's where we're going to be.
9:46
What do you think the price will be, 3, $100 per oz?
9:52
You can't see it all here. I can move this out of the way.
9:54
Yeah, look at that. That's an ugly 300.
9:56
But we don't care what it looks like when we get up there.
10:00
It's been a steady progress on the way up.
10:04
I would counter and not argue with Mr. Baker, but I would say
10:07
that a lot of the people that were interested in getting out
10:10
of silver, they did it about right here, right at $40.00 an
10:14
ounce. They did it right here at 43
10:18
dollars. They did it.
10:20
What we have here is not a spike up in the price, right.
10:28
A spike that goes up usually comes right back down.
10:34
We saw that happen and miniature form here still pull back to the
10:39
5553 range. I'm more optimistic now than
10:43
ever that we're going to set a new base than the silver price.
10:48
It it the lowest that we could go would be into the 5253 range.
10:54
But just remember a lot of people, of the people that
10:58
wanted to get out of the silver market when the price hit 48 or
11:02
when the price hit 52 or 54 have probably already gotten out.
11:07
So maybe we go to $52 per oz. Look, we could go lower.
11:11
Don't make financial decisions based on what I'm saying.
11:14
But I do have a record of being right like 64% of the time.
11:18
I can't. I, I hope, I hope.
11:22
How do you feel about this? But doesn't it feel like 52 is
11:26
like the new floor for silver? It's going to be interesting
11:29
guys. And when Phillips Baker comes
11:32
back from the LBMA conference and tells us that physicals
11:35
king, I keep Newmeyer, the CEO of First Majestic Silver say it
11:40
3 or 4 weeks ago that what's different this time is that the
11:43
price increase was driven by physical demand.
11:47
And we know there's the deficits.
11:49
We know we know that there's increasing demand and decreasing
11:55
supply of silver. All right, I'll leave it at
11:57
that. Let's talk about next three new
12:00
areas. And there may be a bonus for it
12:02
area that could, could be massive movers, new, new money
12:06
coming into silver and also gold as well.
12:11
Before I do that, I do want to say thank you to channel sponsor
12:14
First Mining Gold, their development stage company with
12:18
two huge multi million ounce projects in Canada.
12:21
They've had incredible news flow lately, right?
12:24
But these are two big projects with gold in the ground in
12:29
Canada, Spring Pool in Ontario and Duparque in Quebec.
12:34
And guys, the big mining companies, right?
12:36
They're making a lot of money right now, right?
12:38
The gold price is up, the oil price is down and oil is
12:42
generally the one of the big miners biggest expenses.
12:46
But every time a big mining company mines an ounce of gold
12:49
out of the ground, they got to replace it.
12:51
They need to refill their supply pipeline and there just aren't a
12:55
lot of big development stage projects left in favorable
13:00
jurisdictions like Canada. You can learn more about First
13:03
Mining Gold, their website. Let's go out and take a quick,
13:05
quick look at that and here we go, firstmininggold.com.
13:12
If you have any questions, they've got the greatest
13:15
investor services Rep in the world, Director of Investor
13:20
Relations, Paul Morris. You can reach out to him.
13:23
Paul PA ul@firstmininggold.com All right, let's talk about, we
13:28
know, we know we're going to focus a little more on silver,
13:34
but you know, there's an unbelievable story for gold as
13:38
well. But one of the big key catalysts
13:42
that we can look forward to you and I when it comes to silver is
13:46
when the rest of the people show up, right?
13:49
When the other 98% of Americans, Europeans that don't own
13:55
physical metals, that don't even pay attention show up.
13:59
And we have proof that that is starting to happen.
14:02
Look, we, you can call it the law, Law of small numbers when
14:07
you only have two, three, 4% of the people that are investing in
14:11
precious metals. If we go to 8 or 15 or even 20%,
14:16
we're talking about multiples more money coming into precious
14:21
metals. It could be massive, like 3-4,
14:24
five times as much money, which would indicate to us that we are
14:27
still, and I don't know how you feel about this, but we are
14:30
still in the early innings of the bull market for the precious
14:36
metals, the bull market that went on in the 70's, the bull
14:39
market that went on from 2001 to 2011.
14:42
These can be dead long events and I think I predict even
14:48
longer this time. But let's look at some evidence
14:51
that we have new encouraging signals that the other people
14:57
out there, we affectionately like to refer to them as the the
15:04
sheeple are waking up that that they're they better start paying
15:08
more attention to silver and gold.
15:11
All right, let's go here first. Hold on one second and here we
15:19
go. All right, let's start here.
15:24
We're going to start in the futures market, of all places,
15:26
and we got three. And then I've got a bonus, a
15:29
bonus. It's going to get even better.
15:31
OK, A cherry on top. Who's buying up silver?
15:34
Chicago Mercantile Exchange data reveal reveals retail demand as
15:39
dominant force. Very interesting.
15:42
OK. A surge driven by ordinary
15:45
investors is creating waves in the global derivatives market.
15:49
The latest trading data from the CME Group clearly shows that the
15:53
core force propelling silver prices to record highs is not
15:57
traditional institutions, but massive retail capital.
16:03
CME data indicates a sharp increase in precious metals
16:06
trading volume in November, primarily driven by micro
16:10
contracts. So these are the new smaller
16:13
contracts. They came out in the futures
16:15
market for silver and gold that features lower.
16:18
Did they have lower barriers to entry and are particularly
16:22
favored by individual average daily volume for those has been
16:27
through the roof. So #1 write check retail is
16:31
coming in with the micro contracts in the futures
16:35
markets. But what about ETF's?
16:38
OK. And granted, right, I know a lot
16:39
of you aren't big fans of the futures markets or the OR the
16:42
ETF's, but these do have major impact on the, on the quote UN
16:47
quote price if we choose to use the dollars, the unit of measure
16:51
for silver. So let's go see what's happening
16:53
in the ETF market and then wait, there is more.
16:57
And don't forget, we're going to talk about the billionaire here
16:59
in a little bit. But this comes from the Kobesi
17:01
letter. Investors are rushing into the
17:06
silver market. Physical silver backed ETF
17:10
holdings jumped by almost 16,000,000 ounces in November.
17:15
So the futures market is exploding on the retail side or
17:18
going up. Now we hear that ETF holdings
17:22
16,000,000 oz increase in the month of November.
17:26
Year to date, silver ETF holdings have increased in nine
17:31
out of the last 11 months. There's another point that we're
17:36
going to look at. Let's go over to this, which
17:38
could be a big an even bigger wave.
17:42
And then I'm going to tell you the 4th one as well.
17:44
But this comes from metals and miners telling us that 90
17:48
million Americans don't even realize yet.
17:52
They just got the green light. 90 million Americans to buy
17:56
gold, silver miners and commodities in their four O 1 KS
18:01
Wait until they do a seismic shift is coming to the
18:05
investment world. An executive order and here it
18:08
is right here right democratizing access to
18:10
alternative assets for a four O 1K investors from the White
18:14
House. OK A seismic shift is coming to
18:18
the investment world. An executive order signed by
18:21
President Donald Trump on August 7th has quietly laid the
18:25
groundwork for what could be the single greatest catalyst for
18:28
precious metals and the miners in a generation.
18:32
Starting in 2026, the floodgates will open for trillions of
18:38
dollars in four O 1K retirement accounts to pour into
18:42
alternative assets including commodities like gold, silver,
18:47
and the miners. Guys, look and and, and I am
18:52
going to give you the 4th bonus. Hold on a second, having some
18:56
tech issues. I am going to give you the 4th
18:58
bonus on top of that, but let's quickly review futures markets
19:03
for silver going way up on the retail side, the micro
19:06
contracts, silver ETF holdings, which look, you know, if we
19:11
believe them, which some of some of you don't, there's some
19:14
speculation otherwise. But up by what, 1516 million
19:18
ounces of silver, OK. That silver in theory is and by
19:24
law is supposed to be there. Like if they issue any a share
19:27
in the ETF, they've got to have the silver in the vault on top
19:31
of that, white, another massive source of demand, right?
19:36
President Donald Trump signing an executive order that will
19:39
will make it easier for people to get invested into precious
19:42
metals types investments. This, it's been like a ghost
19:47
town in the world of silver and gold and the precious metal
19:51
mining stocks for a decade or so.
19:54
It's like all of a sudden there's a giant rave party.
19:57
What do they call that Burning Man?
19:59
I don't know how you describe it, but imagine a ghost town
20:02
that suddenly somebody discovers silver, gold and like millions
20:06
of new people show up. That's what we have to look
20:08
forward to. But I got more, I got one more.
20:11
You may not like crypto. You may be skeptical of crypto.
20:14
Everybody's entitled to their own opinions.
20:16
I happen to have changed my opinion on.
20:18
Crypto but nonetheless, right the tokenization of silver and
20:24
gold could be the 4th factor to throw I mean I'm telling you
20:28
this one could be as big as anything right the the
20:31
tokenization of actual physical silver and gold right We know
20:36
the tether is making Matt Tethers the biggest crypto
20:39
company in the world. They put out the USDT stable
20:43
coin, that's the dollar stable coin that each a token is backed
20:47
by one U.S. dollar, but they're also into physical gold.
20:51
And we've got moves coming from other companies in terms of
20:54
tokenizing physical silver. So the each token on the
20:59
blockchain is absolutely represented by an ounce of gold
21:05
or an ounce of silver. In the case of silver in a
21:08
vault, it could be absolutely crazy.
21:10
It allows people to use to, to to to store the silver in the
21:15
vaults of the of the crypto company, but use it in
21:19
day-to-day transactions. Whether you agree with it or
21:22
not, I understand completely understand if you're AI, don't
21:25
hold it. I don't own it type person.
21:27
However, it's exciting to realize that there are a lot of
21:31
people, including a lot of people in the crypto world that
21:34
are very interested in the tokenization of silver and gold.
21:38
So let's review quickly. See if you can remember with me.
21:41
OK, Four things we have to be excited about the futures
21:44
market, the ETF market, both going up in terms of volume 4 O
21:50
1K days, potentially being able to have more access to silver
21:55
and gold oriented investments and the cherry on top
21:59
tokenization of the metals. It's super, super exciting.
22:03
Now we're going to talk about the billionaire who made this
22:06
massive news story. You may have heard out I heard
22:09
about about a billionaire who made a big big a multi
22:12
billionaire who made a big multi billion bet on the silver
22:16
market. Before I do that, I want to talk
22:18
to you about something that can help you feel good.
22:20
It's it's the holiday season. There's a charity that reached
22:23
out to me that I really feel great about.
22:26
I'm not being sponsored, I'm not being paid to talk about this,
22:29
but the charities name is Hope Walks.
22:32
They help children all around the world that are suffering
22:37
from a mission called kids are born with a condition called
22:41
clubfoot. We don't hear about it a lot if
22:43
you're in the US or Europe because usually it gets treated
22:46
and it happens in the in Europe quite a bit, but it gets treated
22:49
immediately. But in poor developing countries
22:52
it does not get treated immediately.
22:55
In this charity helps St. children.
22:58
Last year they treated almost 8000 children.
23:01
There's almost, if I had my stats correct, 200,000 cases of
23:05
clubfoot that occur on an annual basis.
23:08
I met with the with with with, with the leaders of this
23:12
charity. I feel really great about them.
23:14
The best part is it only cost $500.00 for the entire treatment
23:20
that a child born with foot would need to correct things.
23:23
And it makes a world of difference in their lives, their
23:26
families lives, everyone's lives again, right?
23:30
I'm not getting paid. I hate to say this.
23:31
It's just a charity that I feel really, really great about.
23:34
And I know that a lot of you like to do nice things and nice
23:38
things over the holidays. Let me pull this up.
23:40
Just want to show you their website.
23:42
You can go learn all about them. I mean, wow, that just popped up
23:47
all the countries, but it's hopewalks.org.
23:51
They're doing great work, and I would encourage you to please
23:54
check them out. Now, let's talk about this
23:55
billionaire, the billionaires right now.
23:58
Who is it? David Bateman, we talked about
23:59
him. The guy that has like, what, 13
24:01
million, I don't know, a lot of silver, but this is somebody
24:04
different and somebody who garners massive, massive respect
24:09
in the financial world, and that would be Paul Tudor Jones.
24:14
See if I can get this pulled up for us right here.
24:16
Here we go this is getting a lot of attention in the investing
24:23
world. Make gold great again about this
24:26
tweet. Paul Tudor Jones bought 1.9
24:29
billion in silver futures last week.
24:32
Now I want to clarify from what I understand that was notional
24:35
value, meaning he didn't spend $1.9 billion, but he bought
24:40
enough futures and our options to control basically $1.9
24:46
billion worth of silver, which is huge.
24:50
OK, his net worth is 8.1 billion.
24:53
I confirm that. Interesting to see which
24:56
billionaires are about to become trillionaires.
24:59
And then again, he references David Bateman, right?
25:01
Who's the other billionaire who's bought massive amounts of
25:05
physical silver and gold and even King Kong 9888 super
25:10
respected guy in the in the metal sector.
25:13
Put this out only one only one of the reasons PTJ also knew
25:21
that China was buying. He smelled blood in the ocean.
25:24
So Paul Tudor Jones knew that China was buying and smelled
25:27
blood in the oceans. And this is the tweet that came
25:30
out from Wall Street Silver. Very interesting.
25:33
Now let's talk about oh, here, real simple.
25:39
We got to talk about this one quickly.
25:41
Bullion star put this out and it just hit me right?
25:44
We got to be reminded of the powerfully simple factors behind
25:48
silver. The manipulators failed spot
25:50
silver did recently hit new all time highs, $59 per oz for one
25:55
reason guys in yellow, they can't print silver, they can't
26:01
print silver period, right? You can print money, you can
26:05
print futures. Fantasy Island, silver, deplane,
26:09
deplane, I mean, all that great stuff.
26:11
But at the end of the day, as we heard from Phillips Baker, as
26:15
we've heard Keith Newmeyer say in previous interviews, this is
26:18
a physical market right now. The physical demand is what's
26:22
driving it. And you can't print physical
26:25
silver real simple, real easy. Now, if you are, there's an
26:29
interesting chart going around in the silver community right
26:33
now, which could be a good thing or a bad thing.
26:37
We're going to take a quick look at it because it shows the
26:39
divergent between the price of physical silver and the price of
26:44
the miners, and it's got to be corrected at some point in the
26:48
future. So let's pull this up.
26:50
We're going to look at this one, and this comes from metals and
26:54
miners again, they come out with some great stuff, says the great
26:57
silver divergent, and I'm on the wrong screen.
27:00
Now you can see it. Sorry about that guys.
27:04
The great silver divergent, a binary bet with very early
27:08
Bitcoin level potential. Interesting.
27:11
But there's the chart right there in the red line on that
27:15
chart is representative of the silver miners, while the blue
27:19
line on the chart is the physical silver price.
27:22
So as you can see, I'll explain this to you this there's a gap
27:26
right in the past the price of silver and the miners
27:30
representative representative basically followed each other
27:34
pretty closely. However, what we've had here
27:37
over the last little, I don't know about one month in time is
27:42
the price of silver shooting up in the miners.
27:46
They went down when the price went down, but they kind of
27:48
stabilize their this area right here, I'll make it in green, OK?
27:54
This area is the divergent that they're talking about.
27:59
At some point, at some point, what we need to see is right,
28:05
either the miners go up and catch up with the metal, even
28:09
though we've pulled back a little bit today, or which I
28:12
think we don't want to see because in the long run, the
28:15
metals will lead the miners. That's always been a saying that
28:18
I've heard is that the metal would come down.
28:21
OK, look, today's a red day in the precious metals, in silver
28:26
in particular. Let's go out and take a look and
28:28
see how gold's doing because gold was doing much better.
28:31
Hey, we're at a dollar O 5 down only and there we go Now we got
28:36
you. Do I have you?
28:37
I don't have you. Hold on, We're going to go out
28:40
and take a look right now. There we are.
28:43
We are at the CNBC silver futures.
28:46
This is the March contract. We're down a dollar six, but
28:51
let's go out to and take a look at platinum as well.
28:57
See how gold's holding up. And here we are.
29:03
Oh, gold is green. Interesting.
29:06
Coppers down a little bit less than 1%.
29:10
Platinum and Palladium down very a little bit as well.
29:15
But the gold market, $4240 in the futures market that this is
29:22
the February contract for gold. And yeah, look at that.
29:28
You know, we haven't looked at the gold chart for a while.
29:30
Let's let's take a look. So again, this is the February
29:33
contract. Let's look, look at that one
29:36
year chart of gold. Absolutely.
29:40
Wow, even more of a steady increase in the gold price than
29:45
we have in silver, right. Consolidated, there's a period
29:50
of consolidation what from about April through August and then
29:55
another move up. Even if we consolidate here for
29:58
we are in really good shape in the gold market and that is just
30:03
a beautiful chart. We're going to look at the five
30:08
year chart. Let's pull that up.
30:16
Come on, five year chart, we're waiting for you.
30:18
Here we go. Wow.
30:21
I mean, look at and when we look at this chart, I mean we
30:26
basically, gosh, going all the way back to what 2021?
30:33
Look how steady the gold price was, all right, what a solid
30:37
foundation was built probably right around 2000.
30:40
I remember that was before we took the blindfold off the gold
30:43
bear. But again, look at that
30:45
increase. Just grateful for Speaking of
30:49
that. Let's go back to the one year
30:52
chart. Let's go back one year today
30:55
when we were down here in the basement, guys, one year today
30:58
we were sitting at a gold price of $2660.
31:04
Today we're sitting at a gold price of 4241.
31:09
Let's do the same with silver before we bid farewell and gold,
31:15
looks like the Dow's down a little bit.
31:18
There's silver and we're going to look at the one year chart of
31:22
silver and let's make believe it was one year ago right now.
31:26
What would that be? December 4th of 2024, we had a
31:31
silver price of about $30 per oz.
31:39
OK, and remember when we sat down here and said silver,
31:43
$30.00 an ounce, you know, silver's a great value.
31:46
Silver's a wonderful thing. If we had told each other, you
31:49
had told me that we would be at $57 silver one year later, which
31:54
coincidentally would have been today, right?
31:56
We would be overjoyed with where we are.
31:58
We got a lot to be grateful for. Hey, I really appreciate you
32:01
joining me. One more quick thing before we
32:03
go. If you're looking for, let me
32:05
get this a great Christmas gift idea.
32:08
Dirty Man Safe has been helping out the channel for over a year
32:12
now actually got one hanging. Where is it?
32:15
Oh, there it is right there with Ron 10.
32:17
There's a discount code at Dirty Man Safe.
32:19
But a great holiday Christmas gift idea for anybody you know
32:23
that's into stacking or anything they may want to bury in their
32:26
yard like the pirates did you bury these things in the ground.
32:30
This is their new crypto micro version.
32:35
This tube gets buried in the ground.
32:37
This goes into the tube and this cat goes on top and then you
32:46
cover it with earth. You know where it is.
32:48
Maybe you put gold in there, maybe you put silver in there.
32:51
I don't care what you put in there, but whatever you do put
32:54
in there is going to be safe from fire, flood thieves, every
32:58
everything else. So if you're interested, please
33:01
go out, check out Eat Man safe and don't forget the discount
33:04
code Ron 10 and I always have a link to them in the description.
33:08
Have a great day. Thanks for joining me today,
33:10
guys. Don't worry about the downdraft
33:12
and the silver price, OK, I'll get worried and I'll share it
33:17
with you if we get anywhere below 52, But I think we've got
33:21
some real super bright days ahead.
33:24
Thank you. Please subscribe to the channel.
33:26
But most important, I want you to have a great day and I will
33:30
see you, yes, you next time. Thank you.