Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 💥Silver Stacker SHOCKER! Imperative WE talk about THIS! -- Warren Buffett

Transcript

💥Silver Stacker SHOCKER! Imperative WE talk about THIS! -- Warren Buffett · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  If we have another billionaire move into the silver market, it
• 0:05
  is game over. My fellow silver investor,
• 0:14
  Silver stacker, basement dweller, are you frustrated?
• 0:18
  Are you concerned? Are you wondering, will the
• 0:20
  price of silver really ever truly take off?
• 0:24
  Sure, we've been doing good lately, but could we see
• 0:26
  384858100 and $8 per oz for silver?
• 0:32
  I know you've got a lot of questions.
• 0:35
  I came across something that really stimulated some great
• 0:39
  thoughts in my mind about the silver price.
• 0:42
  At the end of this video, I'm going to tell you about this
• 0:45
  factor that nobody's talking about.
• 0:47
  I haven't heard anybody talking about this as a potential major
• 0:52
  catalyst for the price of silver.
• 0:56
  But before we do that, I want to give credit where credit is due
• 0:59
  because of all places, I discovered this when reading an
• 1:03
  article from a website called Benzinga.
• 1:06
  They go through a number of factors that could help catapult
• 1:09
  silver through the end of this year.
• 1:12
  But then the final one, wow, that's where things really get
• 1:17
  interesting. And I'm telling you guys, this
• 1:19
  is the type factor that there's really only major upside and no
• 1:24
  downside risk with this happening.
• 1:27
  And it could get real exciting. I just want to say thank you.
• 1:31
  Thank you for being here today with me in the basement.
• 1:34
  We're going to dig in to this article for reasons why silver
• 1:38
  soars in 2024, and we're going to get to the Secret X Factor at
• 1:44
  the end. But please give this video a
• 1:47
  thumbs up that really helps the channel.
• 1:49
  We appreciate it. We appreciate all the support
• 1:52
  that you give us. Your time right now, you are
• 1:55
  really the most important part of Ron's basement.
• 1:58
  So thank you, thank you, thank you.
• 2:01
  For reasons Silver sores in 2024 by Nicholas Chahini.
• 2:07
  Let's dig through or run through or dig through whatever silver
• 2:12
  catalyst #1 the gold to silver ratio that's out of whack.
• 2:16
  The gold to silver ratio today is about 84.4.
• 2:20
  That means it takes 84.4 ounces of silver to get one ounce of
• 2:25
  gold. Historically, the average, he
• 2:28
  says, has been around 30 to one. Guys, if the gold to silver
• 2:32
  ratio was 30 to one right now, we would have $80.00 silver
• 2:36
  easy. I think the historical ratio is
• 2:39
  closer to 50 to one. What do you think?
• 2:41
  That's more what I see when I look at a long term chart,
• 2:44
  especially with recent history. 50 to 160 to one.
• 2:48
  Even with 60 to one gold to silver ratio, we're talking
• 2:51
  about a $40 per oz silver price. Catalyst #4 is the big one,
• 2:57
  baby. Hold on for this one.
• 2:59
  Nobody's talking about it, and I'm telling you, it could be
• 3:03
  big, big moves in the silver price #2 rising industrial
• 3:07
  demand. OK, historical.
• 3:10
  The ratio isn't as iron an iron law, of course.
• 3:14
  But when actual laws concerning silver and gold were passed, the
• 3:17
  official ratio was much closer to parity.
• 3:20
  In ancient Rome, the price ratio was set 12 to one.
• 3:24
  This doesn't seem to be anything about industrial use.
• 3:27
  In 1972, the US government made it 15 to one.
• 3:31
  I didn't know that. That's interesting.
• 3:33
  Interesting. A similar ratio was Captain
• 3:36
  France at the time. So if we had a 15 to one gold to
• 3:41
  silver ratio, hold on here one second.
• 3:43
  Let me do some math. If we divide 2400 by 15, that
• 3:50
  would be a $160.00 silver price, and that's what the ratio was in
• 3:55
  the United States in 1972. Wow, that is crazy.
• 4:00
  Silver catalyst #3 the rise of electric vehicles, solar power,
• 4:05
  and AI. Do we really need to talk about
• 4:07
  this? Basement dwellers?
• 4:08
  We know there's unbelievable demand coming from the solar
• 4:13
  sector. There's unbelievable demand
• 4:16
  coming from the electronic sector everywhere we look,
• 4:19
  right? There's everything new needs
• 4:21
  silver. We talk about this idea that
• 4:25
  silver could be the new oil. Oil was kind of the energy
• 4:29
  commodity of the last 100 years. Is that shifting to silver as
• 4:35
  everything electric and solar is reliant upon silver?
• 4:38
  I think there's a good chance that we could see that in the
• 4:40
  next 100 years. Let's go on the catalyst #4,
• 4:44
  which is the big one. Get ready.
• 4:47
  OK? This is something nobody's
• 4:49
  talking about. Before we do that, I just want
• 4:51
  to say thank you to channel sponsors First Mining Gold and
• 4:55
  Fortuna Mining. You can learn more about both of
• 4:58
  those respective companies at their websites.
• 5:02
  Let's go to #4 Silver catalyst #4 a new silver billionaire.
• 5:08
  Thomas Kaplan credits Warren Buffett with making him a
• 5:11
  billionaire. In 1997, Buffett bought 35 three
• 5:16
  .5 tons I'm sorry of silver in a move that was seen as a surprise
• 5:20
  master stroke. At the time the silver prices
• 5:24
  were languishing. Kaplan says by the grace of God
• 5:28
  his company became public and he had done that the week right
• 5:32
  around the same time as Buffett. Guys, this is the big deal,
• 5:35
  okay? Buffett made 97 million in
• 5:37
  profit. If we have another billionaire
• 5:41
  move into the silver market, it is game over and nobody's
• 5:46
  talking about this. All we hear from the top analyst
• 5:50
  are that silver is the is the most undervalued asset really in
• 5:54
  the history of the planet. So if we have another
• 5:57
  billionaire move into the silver market like Warren Buffett did
• 6:01
  in 1997, it's game over. OK, It is absolutely game over.
• 6:06
  But I want you to take a look at some of the reasons why Buffett
• 6:10
  went into silver in 1997 and ask yourself, are the conditions the
• 6:15
  same right now? Warren Buffett Silver investment
• 6:19
  1997 purchase Buffett through Berkshire Hathaway bought a
• 6:23
  large amount of silver. By the end of 1997, Berkshire
• 6:26
  Hathaway had accumulated 130 million ounces of silver, which
• 6:31
  was about 37% of the world's known supply at the time.
• 6:36
  Timing. He started buying silver when
• 6:39
  its price was historically low. Reasoning Buffett saw silver as
• 6:44
  undervalued. He believed the supply, demand,
• 6:47
  fundamentals of silver were favorable.
• 6:51
  Think about what we know right now when it comes to supply and
• 6:55
  demand for silver. Think about that now and we're
• 6:58
  into the 4th year of a major silver deficit.
• 7:02
  Is the situation the same now? Market impact Buffett's massive
• 7:06
  purchase of silver did not go unnoticed.
• 7:09
  It had it had a noticeable impact on the silver market,
• 7:13
  causing prices to rise. The outcome was his purchase
• 7:17
  helped validate silver as an investment asset, influencing
• 7:21
  market perceptions. Do any of you out there know
• 7:24
  Warren Buffett? Knock, knock, knock, knock
• 7:27
  Warren. We're in the same situation
• 7:30
  right now that we were in 1997. Heck, the fundamentals might
• 7:35
  even be more attractive right now for a silver investment as
• 7:39
  they were in 1997. But it's not just Warren.
• 7:43
  It could be any number of billionaires.
• 7:46
  And we're going to talk about some of them here in a second.
• 7:48
  But first, I want to recommend to Warren Buffett.
• 7:50
  I know you watch Ron's basement. I have that on good word.
• 7:54
  You're always welcome here with all the other basement dwellers.
• 7:57
  If you are going to buy silver, Warren, I just want to make a
• 8:01
  recommendation. I'll never tell you what to do,
• 8:03
  but you might want to check out channel sponsor Pimbex Pi MB EX
• 8:10
  pimbex.com. You know what, Warren?
• 8:12
  I'll even take you out here to the website so you can see it.
• 8:16
  Pinbex, you can get gold, silver, platinum, group metals.
• 8:20
  Hey guys, on a serious note, thank you to Pinbex for
• 8:23
  sponsoring Rons Basement, making this video, making the channel
• 8:27
  possible. If you want to help support Rons
• 8:29
  Basement, If you want to help support Pinbex, just give them a
• 8:32
  chance next time that you are shopping for gold, silver or
• 8:36
  platinum group metals online. We'll never tell you what to do,
• 8:39
  guys, but I think if you compare what you can get, the level of
• 8:44
  service that you get and the price that you get and the
• 8:48
  selection that you get at Pembacs, you'll be real pleased
• 8:52
  when you compare them to the other big online bullion
• 8:55
  dealers. So why isn't anybody talking
• 8:58
  about a big investor, a billionaire, a big hedge fund
• 9:03
  moving in and acquiring a large amount of silver, guys, Wouldn't
• 9:08
  that make the price of the metal just absolutely skyrocket?
• 9:13
  And it's only a good thing when we look at this factor, this
• 9:16
  possibility, there's really no downside to it.
• 9:19
  I guess if we heard that some big major hedge fund shorted
• 9:22
  silver, but heck, we know that's already been the case.
• 9:25
  So what if somebody big moves in and buys massive amounts of
• 9:30
  silver like Warren Buffett or maybe Ray Dalio or maybe Jeffrey
• 9:35
  Gunlock or any number of these guys wouldn't even know their
• 9:39
  names. There's so many of these
• 9:40
  billionaire hedge fund type people out there.
• 9:43
  It could get very, very exciting.
• 9:45
  Remember back after the pandemic, Warren Buffett did
• 9:49
  start to buy a small amount, I believe it was Barrick Mining
• 9:54
  and that sent the mining stocks flying.
• 9:56
  So if we just get one big in the, in the attractiveness of
• 10:01
  the silver market is such that at some point these big guys,
• 10:05
  they're just not going to keep ignoring it.
• 10:07
  They're going to move in. They're going to see what the
• 10:08
  Chinese are doing. They're going to see what the
• 10:10
  Indian they're doing. It could get very, very
• 10:13
  interesting and it could happen very quickly.
• 10:15
  And I don't, and I'm not saying like, oh, I'm, you know,
• 10:19
  reinvented the wheel or anything here, but I don't hear anybody
• 10:22
  else really talking about this possibility of a big name brand,
• 10:27
  ultra wealthy investor coming into this market.
• 10:31
  That's always a possibility, OK, On top of that, right, just the
• 10:36
  other factors involved. We know, I believe most of us
• 10:40
  know and believe that silver is a good long term generational
• 10:44
  investment. I know one thing for sure and I
• 10:47
  believe it with my heart and that is how much I appreciate
• 10:51
  you joining me today here in the basement.
• 10:52
  I hope you enjoyed your time. I want you to come back.
• 10:55
  I'll look forward to seeing you again soon.