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🚨 Good NEWS 🚨 STACKERS of Gold & Silver Must Hear This · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  The silver. Price and gold price and
• 0:02
  platinum price are. Crazy undervalued right now, but
• 0:06
  what does it mean for us when we get front page coverage on the
• 0:11
  Wall Street Journal for gold? Is that starting to tell us
• 0:17
  something? We're going to dive into that
• 0:19
  also. What's going on with China and
• 0:22
  Gold? We know what's going on with the
• 0:24
  bricks here within the next. Couple of weeks, but what
• 0:27
  specifically is going on with China right now and gold that
• 0:32
  will give us an indicator? As to where the price of the
• 0:35
  metals could be heading in the near?
• 0:37
  Future also I have a. Fascinating piece.
• 0:41
  Of analysis that was sent in by one of you.
• 0:44
  Viewers Which to me? Explains why there's almost no
• 0:49
  chance that we could see silver dropping below.
• 0:52
  The $20 per oz. Range.
• 0:54
  You can decide for yourself, as always, right?
• 0:57
  You do your own due diligence, but I'm telling you I've got
• 1:00
  some information for you. Provided by a gentleman named
• 1:03
  Stu. That is going to blow your minds
• 1:07
  when it comes. To the silver situation in the
• 1:10
  country also, I have a warning for you.
• 1:13
  From Coin Shop, Chris himself something that.
• 1:16
  I do believe we need to pay. Attention to as precious metal
• 1:20
  purchasers in the market. We'll cover that as well.
• 1:24
  Let's get. Started with Kitco this morning
• 1:26
  had a headline talking about the recent.
• 1:29
  Moves in the silver price and gold price.
• 1:31
  I'll read this to you, Gold and silver.
• 1:33
  Prices are slightly lower in early.
• 1:36
  US trading Wednesday. The precious metals bowls are
• 1:39
  timid at midweek after another economic report out of China.
• 1:45
  That suggests less consumer demand for goods and services,
• 1:49
  which includes metals. Guys, I got a little news for
• 1:53
  you. They're talking about the D word
• 1:56
  in China, not depression. But deflation, we'll touch on
• 2:02
  that a little bit more in a second.
• 2:04
  Big news tomorrow. In the United States that.
• 2:07
  Will have a major impact on the metals prices.
• 2:10
  Tomorrow, Thursday morning, we're going to get.
• 2:12
  The C Pi numbers some. People call them the CP.
• 2:16
  Lie. We'll.
• 2:18
  Call it the CPI. But that could have a massive
• 2:22
  impact on the metals prices. We could see another $1.00 move
• 2:27
  in silver we could see a 30 or $40 move.
• 2:31
  In gold. I'm 5050.
• 2:34
  I really don't have a strong feeling as to what's going to
• 2:36
  happen with that tomorrow, but I think there's as good of a
• 2:40
  chance that we have a big update.
• 2:42
  Tomorrow as opposed to a down day and we know that over the
• 2:45
  last couple weeks. The metals have been struggling,
• 2:48
  so when the. CPI number comes out.
• 2:51
  You know, look again, we'll treat it with a certain level of
• 2:55
  suspicion. Do we really believe the numbers
• 2:58
  that we get from the government when it comes to inflation, when
• 3:02
  it comes to jobs, when it comes to?
• 3:05
  The economy to the GDP. Right.
• 3:07
  We try to look at the real numbers, the real info from the
• 3:11
  Street, and we do know that inflation is going up, up, up.
• 3:15
  But it's all a bunch of smoke and mirrors.
• 3:18
  Whether the C Pi number tomorrow comes in hot or cold, right?
• 3:23
  What the Fed does look. This Doug Casey guy.
• 3:26
  Again, I want to repeat this, said It's so.
• 3:29
  He's like whatever the feds doing now with interest rates
• 3:32
  and everything else. What?
• 3:34
  He. Said was.
• 3:34
  It feels like they're rearranging the chairs on the
• 3:38
  deck of the. Titanic, You know, like the
• 3:42
  system is in under. A great deal of.
• 3:45
  Stress, I guess. We.
• 3:46
  Could say so whatever they do. Whatever the numbers are
• 3:48
  tomorrow but be. Prepared because we're probably
• 3:51
  going to get a big, big move. In the metals tomorrow, what
• 3:55
  about the Wall Street Journal? Is there any other financial
• 3:59
  publication that that that commands such respect within the
• 4:04
  financial community? What if the Wall Street Journal
• 4:08
  had a front? Page article in their Finance
• 4:11
  and Investing section about gold and I want to read you a couple.
• 4:16
  Takeaways from this article because it's very, very
• 4:19
  interesting. And this came from our good
• 4:24
  friend Mark S He's the one that alerted me of this.
• 4:27
  So thank you, Mark. Let me read this here headline.
• 4:30
  Here's the headline. Hold on.
• 4:37
  Bear with me. Wrong.
• 4:38
  Bear with me. Bear with me.
• 4:41
  Headline individual investors. That's me.
• 4:44
  And you seek safety and gold. This is in the Wall Street
• 4:49
  Journal. What does this tell us about
• 4:53
  exposure, about about the mainstream media starting to
• 4:57
  talk about? Gold and of.
• 4:59
  Course, when we talk about gold, we're talking about silver.
• 5:01
  In platinum as well. Let me read this, very
• 5:05
  interesting what they wrote. Just a couple paragraphs.
• 5:08
  Says John Susano lost thousands of dollars from his retirement
• 5:12
  account betting on biotech. Shares in early 2021, now the
• 5:18
  44. Year old integration engineer
• 5:20
  from Gloucester, MA is putting his money into an investment
• 5:24
  whose value is held up over a longer run Gold coins, this is,
• 5:30
  the Wall Street Journal said. That in the first paragraph,
• 5:34
  precious. Metals are kind of what just
• 5:36
  makes it so I can sleep at night, he said.
• 5:38
  Where I can hold it and nobody can hurt me.
• 5:41
  It's impossible that I'm going to end up in a.
• 5:44
  Bread line somewhere. Waiting for someone to drop
• 5:48
  something into my hand so I can eat.
• 5:50
  Susano is not alone. The Wall Street.
• 5:52
  Journal says more than a year after inflation interest rate.
• 5:56
  Increases, bank failures and market craziness have lured many
• 6:01
  other individual. Investors to Precious Metals.
• 6:04
  Such as gold and silver. Sorry, Neal, they didn't talk
• 6:08
  about Platinum. In this Wall Street Journal
• 6:10
  article. But they will soon.
• 6:13
  I'm hearing more and. More good things about Platinum,
• 6:16
  We'll touch on that later. Gold prices have gained about 6%
• 6:19
  this year to. Around $1934 an ounce.
• 6:24
  That includes a March surge fueled by the.
• 6:26
  Banking crisis, yes. Thank you very much again, guys,
• 6:29
  Wall Street Journal. This is where it gets
• 6:31
  interesting that the Wall Street Journal is talking about this
• 6:35
  The percentage of Americans who believe gold is the best long
• 6:39
  term investment jumped to about 26% this year from 15% last
• 6:48
  year. The number of Americans who
• 6:50
  think it's the best long term investment nearly doubled.
• 6:54
  There's more people getting on our.
• 6:56
  Silver, Gold and platinum boat guys.
• 6:58
  Okay, That was according. To a Gallup report from May,
• 7:04
  those preferring stocks dropped to 18% from 24% last year.
• 7:10
  While those favoring bonds climbed a little bit, so the
• 7:13
  Wall Street Journal, right, the biggest financial publication
• 7:18
  possibly in the world has an article about gold and they talk
• 7:22
  about silver that is bullish. What does that tell us?
• 7:26
  What is that kind of indication? Does that give us for what we
• 7:31
  have become, right? We know from Rick Rule only .5%
• 7:36
  of the world's investable capital is in precious metals
• 7:39
  oriented investments and we know that the long term average is
• 7:45
  2%. That would be four times as
• 7:47
  much. Money coming into the precious
• 7:49
  metals, and we're hearing it now from the Wall Street Journal.
• 7:56
  Thank you for being here, Okay. Thank you.
• 7:59
  Thank you. Let's talk about China.
• 8:05
  Right. We know the Big bricks meetings
• 8:06
  coming up. It's creating a lot of interest,
• 8:10
  a lot of oh. I won't say hysteria, but
• 8:14
  borderline hysteria within the precious metals.
• 8:17
  Arena, we still have a chance. We're going to hear.
• 8:20
  About a common currency, we still have a chance we're going
• 8:23
  to. Hear about a currency backed by
• 8:25
  gold? Okay.
• 8:27
  John Little from the Pickax brought up a great point.
• 8:30
  They already have a common currency.
• 8:32
  Between those. It's not just Brazil, Russia,
• 8:35
  India, China and South Africa. There's a lot more countries
• 8:38
  joining. A whole list, I've heard as many
• 8:41
  as 69 that have expressed interest and a ton that are
• 8:45
  going to be at the meeting. John Little brought up a great
• 8:48
  point that you. May not have thought of it, you
• 8:51
  know, it's obvious, but we may not realize it or recognize it,
• 8:54
  and that is that they already have a common.
• 8:57
  Currency between them. That's right, Gold.
• 9:01
  It's already. There it's been the the backbone
• 9:06
  of the world financial system for decades and decades and.
• 9:10
  Decades but. Let's read.
• 9:12
  About what China? Did you hear what China did in
• 9:15
  July? Of this year.
• 9:17
  Let's let's move over to that, because we need to get an
• 9:20
  update, do you think? China's still buying gold.
• 9:23
  And if China is? Indeed, buying gold, What does
• 9:26
  that mean for the future of the metals?
• 9:32
  Here I got an article from Zero Hedge.
• 9:34
  Just a couple paragraphs for you headline China Buys 20. 3 tons
• 9:39
  of gold, the ninth straight month.
• 9:42
  Of purchases total rises. To a record 2137.
• 9:47
  Tons of gold now owned by China says.
• 9:50
  Not only is China ravenously buying up.
• 9:52
  All the physical gold it can get its.
• 9:54
  Hands on something that it has been doing pretty much nonstop
• 9:59
  since 2009. For the most part covertly, with
• 10:03
  occasional. Periods of public disclosure.
• 10:06
  We're going to touch on that in the second meant to achieve
• 10:09
  specific political goals. More importantly, it's letting
• 10:12
  the world know it is buying up. All the physical gold it can get
• 10:16
  its hands on. China is acquiring all the gold
• 10:20
  they can get their hands on. China is the second largest
• 10:25
  economy in the world. China has been growing at a much
• 10:29
  faster pace than we have here in the United States.
• 10:32
  China's middle class is expanding.
• 10:35
  Chinese people love gold and silver, the bricks.
• 10:40
  Let's put it all together. Think about it.
• 10:42
  What does? This mean for the future it to
• 10:44
  me it. Means a bright future.
• 10:47
  On Monday, the Chinese central bank revealed that in July it
• 10:50
  increased its gold reserves for a ninth straight month, a big
• 10:53
  part I went into China that underpinned.
• 10:57
  Some weakness in demand in the gold market that was coming out
• 11:01
  of ETF's selling out of ETS here.
• 11:04
  This is where this is. This is incredible.
• 11:06
  The bullion held by the People's Bank of China rose by 740,000
• 11:13
  Troy oz. It.
• 11:14
  Rose in one month alone by 700. And 40,000 ounces, bringing the
• 11:21
  country's total stockpile to a record 2100 tons.
• 11:26
  With around 190 tons added in a run of purchases that began in
• 11:30
  November, So since November they have added almost 190 tons of
• 11:38
  gold. Crazy.
• 11:40
  Here, this is where it gets even more fascinating.
• 11:43
  As we reported previously. China has led central bank
• 11:46
  buying and gold in 2023 as it continues to diversify its
• 11:52
  reserves away from the weaponized. dollar.
• 11:56
  That's helped keep prices buoyant.
• 11:58
  One can only imagine what will happen one once rates start
• 12:02
  diving, when the exponential increase in U.S. debt forces the
• 12:06
  Fed to resume monetizing the US dollar.
• 12:10
  Okay, But here's the interesting thing about China and gold,
• 12:15
  that's what. They're telling us it's
• 12:17
  generally accepted, generally accepted in the precious metals.
• 12:22
  World by the top smart people. The China's actually.
• 12:27
  Hey, thank you. Sharon, for the Super Chat.
• 12:29
  I'm sorry, I didn't see it go by.
• 12:31
  Thank you. Thank you guys.
• 12:32
  Super Chat is awesome. Always appreciated.
• 12:36
  Thank you so much. Thank you.
• 12:38
  But we're not hearing the real numbers from China.
• 12:41
  It's very likely that they're actually buying more.
• 12:45
  Gold than they're reporting. And what does that mean?
• 12:48
  We know the world is moving away from the dollar to other
• 12:53
  currencies, and that these currencies will likely be backed
• 12:56
  by gold. This article.
• 12:57
  Goes on to say, we don't know what China's really going to do
• 13:03
  with gold, but we do know that China's buying a ton of gold.
• 13:07
  Think about that. We do know their economy is
• 13:10
  expanding. Their middle class is expanding.
• 13:12
  Their people love gold, right? The Chinese central bank.
• 13:16
  We also know that the other central banks around the world
• 13:19
  continue to buy gold, the 1st. Six months of this year was a
• 13:23
  record pace. There was some selling, even in
• 13:26
  the second quarter of this year of gold by central banks.
• 13:30
  You know who sold it? Turkey.
• 13:32
  You know why they sold it? Because they had to.
• 13:34
  It was because of domestic demand.
• 13:37
  They were having. Hyper inflation type problems
• 13:40
  in. So the Turkish central bank sold
• 13:43
  gold, not the foreign countries, but to their own people, their
• 13:46
  own population. Hello, it's.
• 13:48
  Susie's on. Hey, Susie, we're in a
• 13:52
  different. Place so she can't yell down the
• 13:54
  steps at me. She'll probably come screaming
• 13:56
  in here at me in a second. But thank you to all you guys
• 13:59
  for being here. Please give this a thumbs.
• 14:01
  Up right. I appreciate it.
• 14:03
  Almost 300 people. I'm going to put out a piece of
• 14:05
  content for you every single. Day, right?
• 14:08
  I said. One piece a day, minimum for the
• 14:11
  rest of my life. So you got a friend for life and
• 14:13
  we love to talk about. Silver and gold we love.
• 14:17
  This subject so please. Consider subscribing all right.
• 14:21
  Hey, we got 300 people here and we got 100.
• 14:24
  Thumbs up. Almost.
• 14:25
  I'm the lucky one. I tell you what.
• 14:28
  Let's move on because we got more.
• 14:37
  I'll go on a limb. Don't forget guys, tomorrow,
• 14:32
  Mega day for the precious metals CPI report, you know.
• 14:38
  I'm saying I'm 5050, but I think tomorrow could be a good day for
• 14:42
  the Metals I. Really believe?
• 14:45
  You know that maybe. They have an interest.
• 14:47
  In painting the CPI number to be a little bit lower, we know the
• 14:52
  economy is slowing down. So you know, the Fed is getting
• 14:55
  scared right now. We know the brakes are on the
• 14:59
  economy everywhere we look, so they're going to want to start
• 15:03
  showing that. They're making all this.
• 15:06
  On inflation and the gold and silver market.
• 15:09
  Will take that as a. Very positive sign and we could
• 15:13
  see some big moves up tomorrow in the price.
• 15:16
  Of gold and silver. I'll go on a limb, OK?
• 15:19
  I'll say the rest of the week is going to be positive.
• 15:22
  Don't make any financial. Decisions based on that and I'm
• 15:25
  not extremely. Confident in that prediction?
• 15:28
  Let me know what you guys. Think in the comments section,
• 15:30
  it's going. To be hard for me to see, but so
• 15:32
  you can see amongst yourselves, do you?
• 15:34
  Think Thursday and Friday are going.
• 15:36
  To be an upswing in the metals. Or a downswing in the metals.
• 15:43
  Now I want to talk about something that that about silver
• 15:48
  and how. Silver is so crazy.
• 15:52
  I got a great e-mail. From one of the viewers, an
• 15:55
  excellent piece of analysis I want to share with you about
• 15:58
  why. Silver can't really go below
• 16:01
  the. 20 or $19.00 level and actually why the future looks so
• 16:06
  bright for silver right now. This comes from Stew and thank
• 16:11
  you Stew for sharing this with the community and I'm sure
• 16:14
  everyone out there is going to thank you for this as well.
• 16:18
  He says it takes about $19.00 to get an ounce.
• 16:22
  Of silver. Out of the ground, processed and
• 16:26
  then it reaches. A wholesaler who also?
• 16:28
  Has to make their buck, right? We know that when we buy silver,
• 16:32
  all the premiums. Crazy correct.
• 16:34
  But it takes about. $19.00 to get that ounce of silver out of
• 16:38
  the ground. Add to that the growing.
• 16:41
  Commercial demand for the metal and the fact that labor and.
• 16:46
  Infrastructure prices won't go down.
• 16:49
  He's got that absolutely right. I talked to the CE O's.
• 16:52
  Of the mining companies all the time.
• 16:55
  Jorge Ganoza. He'll tell you like you know,
• 16:58
  like the the the billion dollar Fortuna Silver who will be
• 17:01
  reporting their earnings tonight, but nonetheless.
• 17:04
  Jorge will tell. You inflation, right?
• 17:07
  The cost to produce silver has gone up, up, up over the last
• 17:12
  few years. That's not.
• 17:13
  Going to come back down, so it's cost $1920.
• 17:17
  Hello Wes. Thank you for that super chat,
• 17:19
  man. We're out of town.
• 17:20
  I'll put that to. Good use.
• 17:21
  Thank you my friend. Thank you.
• 17:25
  Then when was the last time production cost went down and
• 17:30
  the manufacturer passed any savings to the consumer?
• 17:34
  Maybe. However, they're no longer all
• 17:37
  that cheap. Okay.
• 17:38
  So we're talking about the cost to.
• 17:40
  Get an ounce of silver. Out of the ground being $20,
• 17:44
  then Stu says how in the heck? And he said I'm not going to
• 17:47
  curse can silver not. Be a store of value.
• 17:53
  How can the price? Be so manipulated as to make the
• 17:56
  price almost less than it cost to manufacture.
• 17:59
  And that's the key thing and that.
• 18:01
  You know, that's obvious, but it dawned on me.
• 18:04
  As Stu said this the price of silver can't go below much lower
• 18:09
  than the cost of manufacturing, right?
• 18:12
  Because if it does, they're going to shut the mines down.
• 18:15
  And if they shut the mines down, we already have a supply demand
• 18:20
  problem. In silver, there's more silver
• 18:22
  being demanded than supply. What do you?
• 18:25
  Think is going to happen if silver.
• 18:27
  Let's just say Silver went to 16 dollars.
• 18:30
  You'd have a boatload of silver mines closing their doors and
• 18:34
  that would make the supply even. Less that would make.
• 18:38
  The price go way, way higher any way you look.
• 18:42
  At it, the price can't for any. Sustainable amount of time.
• 18:47
  Drop below this $1920 range and even given that all things.
• 18:53
  That's going to put a ton of pressure on.
• 18:55
  The silver price going forward where the?
• 18:57
  Price will go up, up, up, Uh oh. Somebody's bringing a bell.
• 19:02
  Oh God, Okay. Thank you.
• 19:07
  Okay. Thank you for the 100 thumbs up,
• 19:12
  OK, Susie. Brought that in.
• 19:14
  Everybody say hi to Susie. Hello.
• 19:19
  We're going to leave that there. I'll be very.
• 19:21
  Careful with it, silver bells. We are out of town here for a
• 19:26
  few days and that was. Nice of Susie to bring that in.
• 19:29
  Everybody says hi to Susie. Susie.
• 19:32
  Is my wife, for those of you who do not know.
• 19:35
  She's a critical part. Of this channel everybody.
• 19:38
  Loves her everybody. Loves Coin Shop, Chris,
• 19:40
  everybody. Loves Annie Oakley.
• 19:42
  Everybody loves. Neil from Neil Hans Dynasty.
• 19:46
  All you people. That help out.
• 19:47
  Thank you so much. Back to silver, the price.
• 19:50
  Can't go below, It costs 20 bucks an ounce to.
• 19:53
  Get one ounce out of the ground. One ounce okay, I always feel.
• 19:58
  Energized after I see. I guess that.
• 20:00
  Means I'm the. Lucky 1 anyway.
• 20:02
  How can the price go below? We've already got more being
• 20:05
  demanded than is being supplied. If the price goes below 20,
• 20:10
  guess what? They're going to shut down more
• 20:12
  mines. It'll go down.
• 20:14
  I bet it's the same thing with. Platinum as well.
• 20:17
  Gold's a little bit different dynamic, but the.
• 20:20
  Demand for. Is there Stu?
• 20:22
  I appreciate you. Bringing that up, he says.
• 20:25
  Answer that for me and I will liquidate my silver.
• 20:28
  For what? I don't know.
• 20:30
  You're exactly right Stu, I can't answer.
• 20:32
  It for you. I would recommend not.
• 20:35
  Liquidating your silver? I would recommend holding on to
• 20:39
  your silver. Okay.
• 20:41
  That's what I'm doing. I'm not giving financial advice,
• 20:43
  but you know, hold on to your silver now.
• 20:45
  When it. Comes to holding on to your
• 20:48
  silver. I got a big warning for you from
• 20:51
  our friend Coin Shop Chris. That's right guys.
• 20:55
  He sent me a text this morning and he's.
• 20:57
  Always looking out for you, right?
• 20:59
  If you're buying silver. He Is.
• 21:01
  He really is always looking out for you.
• 21:04
  He sent me a. Screenshot of a text, I think it
• 21:06
  was. From eBay?
• 21:08
  Somebody selling a tube of American.
• 21:11
  Silver Eagle Coins for $297.00 and you know.
• 21:16
  We can't hear it enough, and I'll tell you a story about this
• 21:19
  in a minute, but here's Chris's message to you.
• 21:24
  If it sounds too good to be true, it is avoided.
• 21:28
  Okay a tube. Of American.
• 21:31
  Silver Eagles should be, I think, maybe what somebody said
• 21:34
  earlier today, $550, something like that.
• 21:37
  If somebody's offering silver at a price that is significantly
• 21:41
  below where it should be avoided because it's most likely
• 21:45
  something's wrong with it. Most likely it's fake.
• 21:49
  So please if it sounds too good to be.
• 21:51
  True, definitely avoid it. You know, and I'll tell you a
• 21:54
  quick story about that. When I was here where where a
• 21:58
  year ago where we are right now and I was looking on Facebook
• 22:01
  Marketplace and there was this. Great deal, DeWalt Power.
• 22:04
  Washer for $99 gas powered brand new.
• 22:08
  And I thought, that seems too good to be true, but I went.
• 22:11
  Through like I was going to buy one and.
• 22:13
  Luckily, toward the end I realized it's a scam guys in
• 22:17
  life. When it seems too good to be
• 22:19
  true. It usually is.
• 22:21
  Now if you're let me. Back up this if you're a silver
• 22:23
  stacker or a gold stacker or a platinum.
• 22:25
  Stacker and you're at an estate sale or a garage sale.
• 22:30
  And you know what you're doing. And you?
• 22:32
  See a set of. Silverware that you know.
• 22:34
  Probably has $300 worth of silver in it and.
• 22:38
  Somebody's selling it for 25 bucks.
• 22:40
  Buy it if you know what you're doing, But if you're buying
• 22:43
  things like gold bars. Silver bars.
• 22:47
  Silver coins, Sovereign coins, right?
• 22:50
  You know what the price should be.
• 22:51
  If it's a price that seems too good to be true, it's going to
• 22:55
  be a rip off. Now look, I haven't had to do
• 22:57
  this in a long time, but I got to give you guys some news.
• 23:01
  Okay, some Ron's basement stock portfolio news.
• 23:05
  I've always said I'd be completely transparent with you
• 23:08
  with what stocks I own in the mining sector.
• 23:11
  I bought a new stock, a new company I own a lot of fortune
• 23:14
  of silver. I own a lot of Equinox gold.
• 23:17
  I own a lot of first mining gold and they've been generous and
• 23:21
  have sponsored my channel in the past as a matter of fact.
• 23:23
  I own a little. Bit of Brixton I own a little.
• 23:25
  Bit of America's gold and silver.
• 23:26
  But I bought a new silver exploration company that's here
• 23:31
  in the United States. It's called Summa.
• 23:33
  Silver SUMMA. I'm not.
• 23:37
  Recommending you buy. It, but I've always said that
• 23:39
  I'd be very transparent. I really like.
• 23:43
  The CEO, Galen and I also really like the fact that.
• 23:47
  They're a silver company based in the United States.
• 23:50
  They have a big project. In Nevada and a big project in
• 23:54
  New Mexico. And it's a very to me what I
• 23:58
  thought was a good value to pick that one up again, not giving
• 24:02
  stock purchase recommendations, but it's the first time I bought
• 24:05
  a new company stock, honestly. Gosh, probably in two years.
• 24:11
  That's why I haven't been talking about the stocks that
• 24:13
  much. But I invest a lot of our
• 24:15
  capital into the mining stocks. They are risky, Okay.
• 24:19
  They are extremely. Risky.
• 24:22
  Excuse me, but I also feel, me personally, that they represent
• 24:27
  one of the best value opportunities right now.
• 24:32
  You know, talk about buying silver or gold for less than its
• 24:34
  cost with these mining companies, the gold's in the
• 24:38
  ground, okay, and there's a lot that goes into getting it out of
• 24:41
  the ground A. Lot, lot, lot.
• 24:43
  But you can buy silver and gold for a huge discount if you're
• 24:48
  willing to buy it when it's underground Okay.
• 24:51
  But remember, it's underground. Okay.
• 24:54
  All right, guys. Oh man, this is this is fun.
• 24:58
  This is fun also. I won't.
• 25:02
  We're trying to limit the amount of links in the.
• 25:05
  Comments section guys be. Careful whenever you click on.
• 25:08
  I will only contact you through e-mail and the best way.
• 25:12
  For you to contact. Me is through.
• 25:14
  E-mail Ron's basement Silver. At Gmail dot.
• 25:17
  Com tomorrow is gonna be huge, guys.
• 25:21
  Be prepared. Tomorrow.
• 25:23
  Again, we could have a big big move in the metals 1 way or the
• 25:29
  other. If it goes down, it's not.
• 25:32
  The End of the World? I'll still make.
• 25:35
  I'll still be here. I'll still be, you know.
• 25:37
  We'll deal with it. We've been through some.
• 25:39
  Serious choppy. Waters in the past, but they're
• 25:41
  getting to the end of the road, the end of the rope last week.
• 25:47
  Right. When I talked with Leonard
• 25:49
  Zhang, if you haven't watched that video, I'm not trying to
• 25:52
  increase my views. I'm just telling you I had an
• 25:54
  awesome conversation with Leonard Zhang.
• 25:56
  She's incredible, legitimate, good lady we talked about and
• 26:02
  she talked about. The reason why things feel so
• 26:04
  crazy right now is because the system is under.
• 26:07
  So much duress. The system is so.
• 26:10
  The system is so sensitive, I think she used the words as
• 26:14
  because we're. Probably nearing the end.
• 26:17
  I love. She said as well.
• 26:19
  Listen to me, Okay. Listen to me.
• 26:22
  I know everything. No, wrong.
• 26:25
  I don't know everything if you've been watching.
• 26:27
  Ron Spaceman For long enough, you know.
• 26:29
  That you know. Susie will remind you.
• 26:31
  Send her an e-mail. I don't know everything.
• 26:33
  Lynette doesn't know everything. Rick Rule doesn't know
• 26:37
  everything. You need to process as much
• 26:40
  information out there. As you can and then make your
• 26:43
  own decisions based upon. What you see going on, I see a
• 26:48
  united. States government that has
• 26:50
  racked up so much debt, a sickly amount of debt just in the last
• 26:56
  10. Years, but even prior to that.
• 26:59
  I see a country. Who's not only?
• 27:01
  Racked up all that. Debt, but continuing to rack up
• 27:04
  debt. Wouldn't it be like if you you
• 27:06
  had a son? Who's 22 years old and he comes.
• 27:10
  To you and says. Dad, I've racked up. 35,000
• 27:13
  Thank you for the Super chat Craig.
• 27:15
  That's awesome. Very much appreciated guys.
• 27:18
  I'll keep doing my best for you and I appreciate the support.
• 27:21
  It goes a long, long, long way. But if you had a 20 year old son
• 27:26
  who came to you and said that I have $30,000 in debt, credit
• 27:29
  card debt, and I'm, you know, I can barely make this hard to
• 27:32
  make the payments on the credit cards every month, you'd say,
• 27:36
  hey kid. Pay off the credit card debt.
• 27:38
  Do whatever you can. Right, but then that.
• 27:40
  Same kid came back to you two years later and said oh dad,
• 27:44
  nothing bad really happened. Thank you Ancient Tom for the
• 27:47
  Super chat. Wow man, you guys are awesome
• 27:50
  and I think. It was Sharon earlier, but if
• 27:52
  that. Same kid came back.
• 27:54
  To you. Just a few years later and said
• 27:56
  oh, now my debts. Gone from 30,000 to 100 and
• 27:59
  20,000. You'd be like what you know.
• 28:03
  And that's what our government, that's what the leaders have
• 28:05
  been doing. And it's not a good thing.
• 28:08
  It's a nasty situation that they've gotten us into.
• 28:12
  And what are we seeing in the real?
• 28:14
  Economy, we're seeing the. Third largest trucking.
• 28:16
  Company in the country, 100 years old, going bankrupt, going
• 28:21
  bye bye. The real data.
• 28:24
  The real data shows trucking companies indicating that right
• 28:29
  now. The volume of shipping is down
• 28:33
  by almost 10% maybe. Even a little.
• 28:35
  More than 10%. What is that telling us about?
• 28:39
  What's going on out there? I went to six.
• 28:41
  Flags on Saturday night. Here in Saint Louis. 6.
• 28:45
  It was almost. It was empty.
• 28:47
  All right. I'll say empty.
• 28:48
  First Saturday night, it was empty, right.
• 28:51
  Everywhere you look. Everywhere you turn.
• 28:53
  We see the economy starting to slow down.
• 28:57
  With the government and the Fed getting boxed in more and more
• 29:02
  and more, eventually the only option they're gonna have is to
• 29:07
  dilute. The currency further and they
• 29:09
  may try to dilute it with a CBDC.
• 29:11
  Do you guys like Cbdcs? Huh, right.
• 29:15
  They can do it instantly. Now that they have the Fed Now
• 29:18
  program in place, look, there's been no.
• 29:21
  Official announcement of a CBDC but the Fed Now program.
• 29:25
  Is the plumbing the infrastructure?
• 29:28
  They can plug in a. CBDC and say.
• 29:30
  Hey, if you hook on to the new CBDC system, we're going to put
• 29:33
  some free money. Into your account.
• 29:35
  What do you think of that? We'll all be like, hey, you
• 29:38
  know, I mean, right. You and I.
• 29:44
  Jump all over it so. Who?
• 29:41
  Anybody else like we likely? The ability.
• 29:48
  For. Anything think about this?
• 29:52
  Think about the world and and that there's a pile of gold.
• 29:55
  And that pile of gold, by the way, would.
• 29:57
  Fit under the. Base of the.
• 29:59
  Eiffel Tower in Paris, France, and there's a.
• 30:02
  Pile of silver. Well, guess what?
• 30:04
  That pile of silver is actually smaller.
• 30:07
  That blows me. Away, but it's true.
• 30:09
  Smaller than the pile of gold, Okay.
• 30:14
  That's there's only so much of that.
• 30:15
  It's been money for thousands and thousands and thousands of.
• 30:19
  Years. Paper.
• 30:21
  There's an unlimited supply of paper.
• 30:23
  CBDC. Electronic money, there's an
• 30:26
  unlimited amount of that as well.
• 30:28
  That's. The whole thesis behind.
• 30:31
  Why? People like you and me have
• 30:34
  found value in silver and gold for thousands and thousands.
• 30:38
  Of years. That's the reason why they can't
• 30:40
  print or they can't. Mass produced with a.
• 30:44
  Key punch Silver and gold. Go talk like we talked about.
• 30:48
  Like Stu said, do you know how hard it is to get an ounce of
• 30:51
  silver out of the ground? Do.
• 30:53
  You know how much work goes into that?
• 30:55
  Do you know how much work? Goes into getting an ounce of
• 30:58
  gold. Out of the ground.
• 31:00
  A ton. Do you know how?
• 31:01
  Much work goes into. Printing a $10.00 bill.
• 31:04
  There's some. Work that goes into it, but a
• 31:07
  small fraction of what it takes. A tiny minute fraction, maybe. 1
• 31:12
  percent of 1%. Of what it takes to get that
• 31:14
  silver and gold out of the ground.
• 31:17
  And it's always been valuable. Always and and.
• 31:22
  This is the kicker everywhere. I'll touch on this, that's why.
• 31:27
  Nixon in 19. 71 old Richard Nixon cuz he was looking out for
• 31:33
  your best interest right? The French wanted their gold
• 31:35
  back, he took. The US off the gold standard and
• 31:39
  he. Put it in jail.
• 31:41
  But he couldn't kill it. They couldn't kill it.
• 31:44
  The Fed. We know.
• 31:46
  The Government? The Treasury.
• 31:48
  They've, they've been worked to. Discourage.
• 31:51
  They've worked to discourage the American public away from
• 31:55
  precious metals now for decades. That's why you and I are a.
• 32:02
  Sliver of a sliver of the population when it comes to
• 32:05
  investing in precious metals, Hey, I appreciate.
• 32:07
  All of you. Can we get the 208?
• 32:09
  If we get the 200, thumbs up. I got this fancy new bell.
• 32:12
  I'll stick around till we get the. 200 I'll ring the fancy
• 32:15
  bell. Okay.
• 32:17
  All right. I'm not.
• 32:18
  I'm not quitting. On you people watch my okay.
• 32:23
  Very interesting information. I'm not.
• 32:26
  Leaving you. Please give this a thumbs up.
• 32:27
  Hey Thomas, thank you. Wow, man, a bagel and coffee.
• 32:32
  Yes, yes, I may take my girls to this Safari thing today.
• 32:37
  So that'll. Put it toward that.
• 32:38
  Everything is so expensive, it's crazy.
• 32:41
  I'll tell you what's not expensive.
• 32:43
  I need to get. We need to get the 200 thumbs
• 32:46
  up, but we're we, we. Went into a gift shop yesterday
• 32:50
  here but tourist little touristy area.
• 32:53
  We stopped at here for a day or two and all these tshirts.
• 32:57
  And all these sweatshirts, I'm going to tell you what's not
• 33:00
  expensive. This is not a political.
• 33:02
  Statement not at all, but they have like.
• 33:05
  Back in the. Corner these old leftover
• 33:07
  tshirts that say Biden Harris 2022 and they're selling them.
• 33:13
  For $2.00 each. I got to be honest with you.
• 33:18
  I bought a couple, and I'll tell you the funniest thing about
• 33:21
  this is that. Last year when we were here.
• 33:24
  They had the same tshirts and they were trying to sell them
• 33:26
  for $3. I'm not.
• 33:28
  Saying anything, We got 200 thumbs up.
• 33:30
  Oh boy. Here, let me get the fancy bell.
• 33:44
  okay. Oh boy, I can't believe I do
• 33:47
  some of this. Anyway guys, thank you for being
• 33:50
  here. Thank you.
• 33:51
  For your support, thank you for the Super chats.
• 33:53
  Okay, it goes a long way. It's going to be an interesting
• 33:56
  rest of the week one. I'll tell you one more
• 33:59
  interesting thing that happened yesterday in the markets.
• 34:01
  And this I follow. These the gold and silver in the
• 34:05
  mining stock market very close and we had.
• 34:08
  Something big happened yesterday.
• 34:11
  And a couple of you pointed this out and I noticed.
• 34:13
  It as well the price of gold and silver were.
• 34:16
  Down, but the mining stocks were generally up.
• 34:20
  Thank you. Daniel thank you my.
• 34:22
  Friend, thank you. For the suit, you guys are so
• 34:24
  nice, but. In the past, when that happens,
• 34:27
  that usually would happen most. Of the time there was.
• 34:31
  Always a big move that occurred in the price of the metals when
• 34:34
  the mining. Stocks went up while the metals.
• 34:37
  Went down there were that. Usually precipitated.
• 34:40
  Is that the word I'm looking for?
• 34:42
  Well, it came in front. A period where we would then see
• 34:48
  the metals go up rather sharply. So, you know, maybe that's.
• 34:53
  The intelligence of the market working in something that we
• 34:57
  need to keep our eyes on. Hello, Sharon.
• 35:00
  Let's see if I can say hi. I can't.
• 35:01
  My eyes are bad. Hey.
• 35:03
  Andy Oakley's here. If you guys want to say hi, I'll
• 35:06
  say hi real quick. But I gotta get rolling.
• 35:09
  Okay. Thank you.
• 35:10
  Thank you for being here. All right, I'm gonna see you.
• 35:13
  Take care. Be prepared.
• 35:16
  Yes. Hello, Susie.
• 35:17
  All right, Thomas. Sharon, you guys are the best.
• 35:21
  I'll see you soon, right? We're gonna make it.
• 35:23
  Bye. Bye.