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📣 I WARNED You 📣 Why Silver Is About To Become MUST-HAVE (Gold Price Too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Is silver about to become must have?
• 0:03
  What big news did we get today that will impact the price of
• 0:06
  gold and silver as we move into the coming months?
• 0:10
  More importantly, what other big stories are happening right now
• 0:14
  giving us a clue about silver? Today's big story, of course, is
• 0:19
  the CPI. But what's silver's secret
• 0:23
  weapon? Let's talk about this CPI
• 0:25
  number. Was it good?
• 0:27
  Was it bad? Are you getting the same feeling
• 0:30
  that I get? Like some of the reports say,
• 0:32
  oh, it was great. Other ones are telling us it
• 0:35
  wasn't so great. I'm going to tell you what's
• 0:37
  really going on, but let's go out to I thought the report from
• 0:43
  CNN was quite interesting. Inflation milestone.
• 0:50
  Interesting. CNN consumer Price Index shows
• 0:53
  below 3% for the first time since March of 2021.
• 0:58
  So we're supposed to celebrate that we have 3% inflation.
• 1:04
  Should we celebrate that? The last time we went to the
• 1:06
  grocery store, prices on everything are darn near, if you
• 1:11
  noticed this twice as much as they were 5-6 years ago.
• 1:16
  But I'm hearing other people I was, I was watching CCBNS or
• 1:21
  what's it called, CBS and CNBC. That's what it is this morning
• 1:26
  for about, oh, let's say 6 minutes and they're declaring
• 1:30
  that a guy on there declaring the inflation battle is over.
• 1:35
  Really, guys, there's a big major factor which could come
• 1:40
  into play in the next, let's say, year.
• 1:43
  It could be even sooner, but definitely in the next 5 to 10
• 1:46
  years that will propel the silver price and gold price
• 1:52
  higher. Oh, sorry, there's an ambulance
• 1:54
  driving down my street. OK.
• 1:58
  And that is one simple fact. No matter how they want to play
• 2:03
  it, no matter how they want to try to convince us otherwise,
• 2:06
  inflation is not going anywhere. OK, the Fed cannot control a
• 2:12
  couple key big factors that really are different this time.
• 2:15
  OK, they can't control what's called supply side inflation.
• 2:20
  That means the supply of goods coming from foreign countries,
• 2:25
  places like China, India, etcetera, etcetera.
• 2:28
  They have no control over that. And that is way different now
• 2:32
  than it was just let's say even a decade or two decades ago.
• 2:36
  The other thing they can't control is geopolitical risk,
• 2:39
  war, no other way to say it. Are we in the beginning phases?
• 2:43
  I mean, if things continue to escalate, where do you think
• 2:46
  this is heading, right? It's not heading anywhere good.
• 2:49
  We know that. So you have supply side that the
• 2:52
  Fed can't control geopolitical with the bricks, everything else
• 2:57
  going on. Think about that for a moment,
• 2:59
  OK? All right.
• 3:00
  And on top of that, on top of that, the icing on the cake and
• 3:04
  probably the most important thing, all right, And I'm going
• 3:07
  to tell you why this inflation, inflation, inflation, inflation,
• 3:11
  that's what we're going to hear about over the next 10 years.
• 3:14
  But why it will act as rocket fuel propellant for the silver
• 3:20
  and gold price because the icing on the on top supply side, yeah,
• 3:25
  OK, Geopolitics, yes, big deal war, yes, right.
• 3:29
  But on top of everything, right, the financial situation of the
• 3:34
  country is in such dire straits that that alone indicates that
• 3:40
  we will have higher inflation. And I want you to think about
• 3:43
  something, right? the Fed can't control supply
• 3:46
  side inflation. the Fed can't control geopolitical. the Fed
• 3:49
  obviously can't control our government either, even though
• 3:54
  Jerome Powell says, Oh yeah, the, the, the, the, the debt's a
• 3:58
  big problem, right? Look at the US debt clock,
• 4:01
  right? But they can't control the
• 4:03
  politicians. The politicians continue to
• 4:06
  spend like drunken sailors, and that factor alone will drive
• 4:09
  inflation. Now what?
• 4:11
  How, when will that have a major impact on the silver and gold
• 4:17
  price? Because it will.
• 4:19
  It will absolutely affect the silver and gold price right when
• 4:25
  the hens come home to roost because it will, it will create
• 4:30
  a situation where we absolutely have to see inflation.
• 4:34
  But where it gets very interesting, where it gets very,
• 4:37
  extremely interesting for any silver and gold investor is when
• 4:42
  we look at what it could do in regards to stagflation.
• 4:46
  We've talked about stagflation us, right, the basement
• 4:49
  dwellers. And by the way, basement
• 4:51
  dweller, thank you for being here.
• 4:52
  We're going to talk about this massive propellant for the
• 4:56
  silver and gold price. But first I want to talk about
• 4:58
  you. Thank you for being here.
• 5:00
  Hey, I want you to participate in the basement.
• 5:03
  If you want to call yourself a basement dweller, you're more
• 5:06
  than welcome. A lot of us do, right?
• 5:07
  We hang out, we talk about silver and gold, but we just
• 5:10
  don't want to hang out. Your thoughts matter, your
• 5:12
  opinions matter. Please #1 subscribe to the
• 5:18
  channel and when you subscribe, find that little bell
• 5:20
  notification. A lot of you contact me saying I
• 5:23
  never get alerts. When you go live, I never get
• 5:25
  alerts. You have to subscribe and turn
• 5:28
  on notifications. But most importantly, when
• 5:32
  you're here, we want to hear from you.
• 5:33
  We want to learn from you. There's a comment section once
• 5:37
  you're subscribed, you can leave comments and we want to hear
• 5:39
  what you have to say. As a matter of fact, I've got a
• 5:41
  great comment that I picked out from one of you yesterday that
• 5:45
  I'm going to read a little bit later in this video.
• 5:47
  So please and give this a thumbs up and super chats are always
• 5:51
  super appreciated. I'm going to put up the banner
• 5:53
  also to thank our sponsors, but let's talk about this could be
• 5:59
  this this is this will this will be huge for the silver and gold
• 6:04
  price. It's the S word stagflation and
• 6:08
  let's let's look at just proof that stagflation that that the
• 6:14
  economy is slowing. Let's go here make sure we've
• 6:20
  got this up for you. Yes, Home Depot.
• 6:24
  All right, CNN Business Home Depot issues a warning about the
• 6:29
  economy. We won't dig into the mundane
• 6:32
  details of this article. However, what we know is that
• 6:36
  yesterday Home Depot reported that basically sales are
• 6:41
  dropping, foot traffic is dropping.
• 6:44
  OK, Now remember what we said earlier about inflation?
• 6:49
  It's not going away. the Fed, the Fed, the only thing the Fed
• 6:52
  can do at this point to control inflation is to crash the
• 6:54
  economy. They don't want to do that.
• 6:57
  They're beholden to the economy. We are going to have inflation.
• 7:01
  the Fed needs inflation. The only way that that those
• 7:05
  numbers on the US debt clockwork are if they inflate the debt
• 7:09
  away. But at the same time, right, the
• 7:12
  hens are coming home to roost and we are having a slowing
• 7:16
  economy. Stagflation is a slowing
• 7:19
  stagnant economy with inflation. And what, what we know guys,
• 7:26
  this is this is the beautiful part.
• 7:28
  And I know this and I want you to know this as well.
• 7:31
  There are, there are no more ideal conditions.
• 7:35
  There are, there's no more fertile soil for the gold price
• 7:40
  for the silver price for other real assets as well.
• 7:43
  But we happen to focus on gold and silver because we're
• 7:45
  basement dwellers. There's no more fertile soil
• 7:50
  than stagflation. OK, now I'm going to ask you, I
• 7:53
  want to ask you to get a feel for you in in how you understand
• 7:57
  this. Do you think?
• 7:59
  If you do, I'm going to ask you to type a long word.
• 8:02
  If you think stagflation, I'm going to do it half caps and
• 8:07
  half type stagflation. It's happening guys in the
• 8:11
  1970s. I'm going to pull up.
• 8:13
  I'm going to pull my quick reference sheet because I want
• 8:16
  to get this right. It's very important.
• 8:25
  In the 1970s, silver rose from under $1.50 per oz.
• 8:32
  In 1970, that happens to be the year that I was born to nearly
• 8:37
  $50 per oz in 19. Eighty $1.50 to 50.
• 8:42
  Thus silver rose by more than 25 times or by more than 2400
• 8:50
  percent, 25 times increase. And why did that happen?
• 8:56
  Stagflation. Everybody says that any, any
• 9:00
  economist, anyone who writes about what happened in the 1970s
• 9:08
  will reference stagflation and the Super.
• 9:12
  The icing on top of the icing of it all is that the conditions
• 9:17
  that were in place in the 1970s are in place right now, but
• 9:21
  they're even more extreme. the US debt level geopolitical
• 9:26
  strife, right? The inability of the Fed to
• 9:29
  control inflation. Back in the 1970s, we were
• 9:34
  really the, the, really the world superpower.
• 9:37
  That's changing, right? We are in a different
• 9:40
  environment right now and it will create a way different
• 9:42
  environment for the, for the silver and gold price.
• 9:46
  I, I owe you an apology, basement dwellers.
• 9:48
  I showed you this example yesterday regarding why silver,
• 9:55
  excuse me, is so must, must have, OK.
• 9:58
  And we talked about all the silver that's being mined is
• 10:01
  being consumed. Every ounce of silver that comes
• 10:03
  out of the ground from a mining company.
• 10:05
  Bye, bye. It's gone.
• 10:07
  OK, so where are they getting the silver to fulfill the excess
• 10:11
  demand, right? The silver deficit, they're
• 10:14
  getting it from the silver slush fund.
• 10:16
  And I used this visual for you, right?
• 10:18
  There's the silver slush fund, the yellow part up top.
• 10:23
  You see how it's going down, down, down, right?
• 10:27
  Are we here now? How far are we?
• 10:29
  I'd say we're halfway there. OK.
• 10:31
  I just wanted to assure you. Thank you, Todd.
• 10:34
  Thank you for that super chat. That is super appreciated.
• 10:36
  Guys. Don't forget, please, please
• 10:39
  leave a comment in the comment section.
• 10:41
  Thank you to Jake's custom parts.
• 10:43
  I'm sure Annie is here and Big 10 the Silvershire the
• 10:46
  moderators for being here as well.
• 10:47
  Guys, please say thank you to the moderators.
• 10:50
  OK, But it did run out. OK, we with the the silver
• 10:54
  situation. I got to keep an eye on it, see
• 10:56
  if I can remember today. See there's the silver slush
• 10:59
  fund. Hopefully you can see that, but
• 11:03
  it's running out OK, and the time is almost up on the Fed as
• 11:10
  well. Let's talk about the silver
• 11:12
  trifecta. Everywhere we look, there's
• 11:17
  just, it's just one unbelievable story after another when it
• 11:20
  comes to silver. But the Silver Academy put out
• 11:24
  an article a few days back that I thought was talking about how
• 11:27
  the government is supporting. And it's not just the United
• 11:30
  States, it's all over the world how governments are supporting
• 11:34
  industries that are just devouring silver.
• 11:37
  And I thought they did an excellent job in talking about
• 11:41
  this hitting the silver trifecta.
• 11:44
  We will use silver powered robots, right?
• 11:48
  Because robots use a lot of silver to install silver
• 11:53
  intensive solar panels. Did you hear about this newer,
• 11:58
  newer form of of solar panels? I'm digging into it right now to
• 12:02
  learn about it, but apparently it uses even more and more
• 12:05
  silver. So silver powered robots to
• 12:07
  install silver intensive solar panels to power silver consuming
• 12:13
  AI data centers. That's what that's the world
• 12:16
  that we're living in right now. OK, Silver.
• 12:19
  The versatile element proves instrumental in various tech
• 12:22
  advancements in robotics. It's physical properties and
• 12:26
  electrical conductivity make it ideal for a wiring and ensuring
• 12:31
  efficient energy transfer within the solar power sector.
• 12:38
  Silver is a crucial component, right?
• 12:41
  We've covered that ad nauseam. Therefore, employing robotics
• 12:47
  for labor in solar farm installations, which inherently
• 12:51
  involves silver dependent technologies, can be likened to
• 12:54
  achieving the silver trifecta. Let's get an update.
• 12:58
  Up, up, up, up, up, up. Look, Oh, all the silver's gone.
• 13:02
  Remember up top, that was the, that was the silver surplus.
• 13:07
  The most recent, you know, estimate I've heard is about 3
• 13:10
  billion oz above ground. It's all gone right down here.
• 13:14
  Robots, AI, solar panels? Does it make sense?
• 13:25
  What about new battery technology?
• 13:27
  I mean, everywhere we turn, aren't we seeing more and more
• 13:31
  uses for silver? Once again, let's say special
• 13:34
  thanks to our friend John Little at the Silver Academy.
• 13:39
  Oh, let's go back. Hold on.
• 13:40
  Whoa, whoa, whoa, whoa, whoa, whoa.
• 13:42
  We need to talk about you for a second here.
• 13:44
  Basement dweller. Let me pull this up.
• 13:46
  This has to do with batteries. And I want to say thank you to
• 13:51
  our friend journal DeLorean 626, who gave us this comment.
• 13:56
  And I'm going to get rid of the banner.
• 13:58
  Please support all the sponsors, guys.
• 14:00
  OK, Samsung's new silver. Wait till you hear this guy's a
• 14:05
  kilogram of silver is like what, 32.3 oz?
• 14:09
  Somebody can put it in. I always get it wrong.
• 14:11
  A little bit over 30 ounces is a kilogram.
• 14:14
  OK, Samsung's new silver solid-state batteries are poised
• 14:19
  to revolutionize EVs with an impressive 600 mile range, 9
• 14:25
  minute full charge, and 20 year lifespan.
• 14:29
  Current EVs require about 5 grams of silver.
• 14:33
  OK, and current EVs get what, about 300 mile range, take all
• 14:37
  day to charge, and their batteries last maybe 10 years.
• 14:41
  So this new technology can double the range, significantly
• 14:46
  reduce the amount of time needed to charge, and almost double the
• 14:50
  lifespan of the battery. Current EVs only use 5 grams of
• 14:54
  silver. This revolutionary technology
• 14:59
  requires one full kilogram. Thank you Journal Dolores 626
• 15:04
  for talking about that. Bringing that up because I want
• 15:07
  to run out quickly again to the Silver Academy who has an
• 15:12
  article about this a few days back.
• 15:14
  Samsung silver battery uses 1 kilogram of silver per car.
• 15:19
  If 20% of a global car production, approximately
• 15:23
  16,000,000 vehicles adopts this technology, the annual silver
• 15:29
  demand could reach 16,000 metric tons.
• 15:33
  OK, then it talks about the statistics that we just talked
• 15:36
  about and then down here, right this new new battery technology
• 15:41
  from Samsung and Samsung is a massive the silver slush fund is
• 15:47
  running dry. We know, right, what Burn Reuter
• 15:51
  said, the German guru who knows everything about the
• 15:53
  photovitalic and technology uses microchip uses for silver.
• 16:01
  We know what the, the, the Peter Kurath said who wrote the book
• 16:05
  on silver, right? Maybe possibly within the next
• 16:08
  year or two. The the the till runs dry.
• 16:12
  Key features range in lifespan, charging time, energy density,
• 16:16
  safety. OK impact on the silver market
• 16:22
  The introduction of the solid-state batteries by Samsung
• 16:24
  could have a substantial impact on the silver market.
• 16:28
  It is estimated that each battery cell may require up to 5
• 16:32
  grams of silver, leading to a potential demand of 1 kilogram
• 16:37
  per vehicle for a 100 kilowatt capacity battery pack.
• 16:41
  OK. And we goes back through that
• 16:42
  again. Are you getting the feeling that
• 16:47
  we might be running out of silver?
• 16:50
  Because a lot of the smart people in the room are, and I
• 16:53
  believe you're one of the very, very smart people.
• 16:56
  We're going to talk about New Mexico, Idaho.
• 17:01
  We already talked about the Home Depot in big moves, big news
• 17:05
  that's going to impact the silver and gold price.
• 17:08
  Let's go out and check on the price.
• 17:10
  So this morning's, you know, CPI number, you know, it was, it
• 17:17
  was, it was, it's confusing getting conflicting reports.
• 17:20
  Some people are saying the fight on inflation's over.
• 17:24
  Some people were expecting and I was kind of wrong about it.
• 17:27
  I had suspected that we would see a, a lower inflation number,
• 17:34
  but we're getting these real conflicting reports that, oh, it
• 17:38
  was a great report. Oh, it wasn't so great, you
• 17:41
  know, So the price of silver and gold are bouncing around a
• 17:43
  little bit. Let's get an update here.
• 17:45
  These numbers are not up to date.
• 17:47
  So we had gold about 30 minutes ago down a little under $10 and
• 17:53
  boom, now we're down $16.00 silver, down $0.35 per oz.
• 17:59
  Hey, I always say, you know, if you're going to buy some silver
• 18:02
  or gold, if it's a down day, at least you know that you're
• 18:06
  getting a better deal than if you had bought it the day
• 18:08
  before. And when I go shopping for
• 18:11
  silver or gold, I go to Pimbex Pi MB EX channel sponsor.
• 18:18
  Without the support of Pimbex, Ron's basement would not be
• 18:22
  possible. But most importantly, what I
• 18:26
  want to do is convey to you how good I feel about this company.
• 18:30
  I worked with them before they sponsored my channel.
• 18:34
  I was a happy customer. I, I proposed, hey, why don't
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  you consider sponsoring my channel?
• 18:40
  These guys are high quality. Everything they do is high
• 18:43
  quality. But most importantly to me, they
• 18:47
  deliver more metal for the money, OK?
• 18:51
  Their prices are always ultra competitive and that's important
• 18:55
  to me, right? And I I want to make sure it's a
• 18:57
  company I can trust and they definitely check that box.
• 19:00
  I want to make sure they have a good selection.
• 19:02
  They definitely check that box, but they also always deliver
• 19:06
  more metal for the money. So if you're ever out shopping,
• 19:10
  right, I'm not going to tell you what to do, but please, please
• 19:12
  compare what pin backs can do for you compared to the other
• 19:15
  big online bullion dealers. And I beg of you, if you ever
• 19:21
  consider converting part of an IRA4O1K into precious metals,
• 19:28
  shop around and make Pembecks part of your shopping and
• 19:32
  compare how much metal Pembecks can convert for you.
• 19:37
  If you're doing an IRA conversion, how much metal you
• 19:40
  can get. Compare the number of Oz that
• 19:42
  they can put into an IRA for you compared to what these sometimes
• 19:46
  companies that advertise on the big TV stations with X pro
• 19:51
  sports stars and all that is there as their endorsers.
• 19:56
  Please, I know what you'll find if you do that and you can save
• 20:00
  yourself literally 10s of thousands of dollars.
• 20:03
  OK, let's go talk about, oh, there's nothing going on in the
• 20:11
  world of silver now, is there? There's not.
• 20:14
  There's no big news. We know, we know how much silver
• 20:21
  goes into each solar cell. This is just a story that popped
• 20:25
  up a few days back. New Mexico just announces a
• 20:29
  nearly $1 billion solar cell factory.
• 20:36
  What's going on in China with with, with solar panels, right?
• 20:40
  Unbelievable. What is going on in India with
• 20:45
  solar? Unbelievable.
• 20:47
  We know how much silver both of those countries are purchasing
• 20:51
  and importing, right? A lot of it's going to the solar
• 20:54
  world, OK, What's going on in the United States, Right on our
• 20:58
  own, little, little bit smaller, but still this shows us even in
• 21:02
  the United States, we're seeing more and more of a move to solar
• 21:07
  guys. Government subsidies all over
• 21:10
  the world, including the United States are subsidizing solar.
• 21:14
  Look at that picture, right? How many panels do you think are
• 21:18
  in that picture? Replace each one of those panels
• 21:22
  with this. See if I can get it on the same
• 21:25
  angle for you here, right? Replace each one of those panels
• 21:29
  with this A1 oz silver bar. Let's go back and look at it
• 21:34
  quickly because because we can't all those panels, each one of
• 21:41
  those panels can be, you can visualize this and it's a little
• 21:46
  bit less than this, maybe 2/3 of this.
• 21:48
  But you, I hopefully that's resonating with you.
• 21:51
  That's a one ounce silver bar. That's what's happening all over
• 21:56
  the world right now when it comes to silver.
• 21:59
  It's being sucked up and at the same time, nobody except you and
• 22:08
  me, right, Right. We're the, you're the lone wolf.
• 22:10
  I'm the lone wolf in in the US and the Western countries.
• 22:14
  Nobody is buying silver as an investment yet, right?
• 22:19
  So take a step back and think about this.
• 22:23
  What's going to happen when just a few of the people join us?
• 22:29
  The law of small numbers, right? The rule of 8X with silver,
• 22:33
  that's something that we talk about all the time.
• 22:35
  Do you remember the rule of 8X for silver?
• 22:40
  That means right now, to simplify things, you and I are
• 22:44
  one in 100 in the United States, one in 100 people, right?
• 22:48
  The lone was we are the rebels, the silver rebels, the basement
• 22:53
  dwellers. It's OK to be a rebel.
• 22:56
  You're not doing anything wrong. Remember, the framers of our
• 22:59
  Constitution wrote it into our Constitution that silver and
• 23:03
  gold are the only forms of real money.
• 23:06
  So I don't want you to feel bad about yourself because you're a
• 23:09
  silver or gold rebel. It'd be easy because all we see
• 23:16
  on TV are stories about silver. The only press coverage I want
• 23:21
  you to consider this. The only press coverage that
• 23:23
  silver and gold get are scams. The ABC 7 Los Angeles story,
• 23:29
  Look it up later. Don't look it up now.
• 23:31
  I want you to stay with us here in the basement.
• 23:34
  The ABC7 story about was it Oxford Gold Group.
• 23:38
  The video has like 600,000 views.
• 23:40
  It was broadcast all over the world on ABC News.
• 23:45
  OK, and what's it about? It's about people getting ripped
• 23:49
  off. The only coverage that we get in
• 23:51
  the gold and silver community, we don't get stories about, oh,
• 23:55
  if you bought gold or you bought silver X number of years ago, it
• 23:59
  helped protect you from your, your, the tyrants at the Federal
• 24:02
  Reserve that have been stealing your money.
• 24:04
  No, all we get was silver and gold are stories about people
• 24:09
  getting ripped off, elderly people getting ripped off.
• 24:13
  OK, but but we know. You know, right?
• 24:18
  We know what the framers of the Constitution knew.
• 24:21
  We knew. We know what?
• 24:22
  The writer of the book, The Wizard of Oz, look it up.
• 24:26
  It's very interesting. It's all about silver.
• 24:29
  We know what they knew. OK?
• 24:32
  We know what they knew. And right now, we're just one.
• 24:35
  In 103 years from now, if that number goes to four in 103
• 24:41
  months, how soon do you think it can happen?
• 24:45
  We don't know, but if it happens six months, a year from now,
• 24:50
  three years from now, where we go from being just one person in
• 24:55
  out of 100 to four out of 100, the demand for gold and silver
• 25:02
  could, could not go up just by four times.
• 25:04
  You would think, oh, that's four times as many people, which it
• 25:06
  is. It'd be more like 8 times or
• 25:09
  more. That's the rule of 8X because
• 25:11
  those 3 new people that are buying, they're buying.
• 25:16
  You've already got your silver. The one in 100 are we already
• 25:19
  have it. The new people that come in,
• 25:22
  they're going to be actively buying.
• 25:27
  Does that make sense? They're new people right there
• 25:31
  in the market. They're trying to get silver.
• 25:33
  That's when you won't be able to find silver.
• 25:35
  That's the warning, right? That's when I'm we can we can
• 25:39
  say I told you so right now. We could be wrong, right?
• 25:43
  Nobody knows. Lee, I want you to leave a
• 25:45
  comment. Leave a comment.
• 25:46
  Tell me, do you think? Do you I want to ask you a
• 25:49
  question. Do you think?
• 25:51
  Let's take a poll right now. Live in the basement.
• 25:54
  A poll do you think in the next three years that we could face a
• 25:59
  situation where you can't where the average retail investor, the
• 26:04
  guy that or gal because we have more and more women joining,
• 26:08
  right? The silver community where if
• 26:11
  you went to your local coin shop, if you logged on to your
• 26:14
  online bullion dealer, right? Or if you went to Costco, if
• 26:18
  that's where you want to buy your, you know, toilet paper and
• 26:21
  silver, whatever you show up to buy silver.
• 26:25
  Do you believe in the next three years that there's going to be a
• 26:28
  period where it's unavailable? I do.
• 26:31
  If you think that that will be the case, I'm typing yes.
• 26:35
  Type it in the comments. I want to hear from you.
• 26:37
  I want to get a feel of how you feel about this because it
• 26:41
  matters. It's important.
• 26:43
  Other big news, Why do you know how big Fort Knox is?
• 26:50
  I don't, but supposedly there's 8000 metric tons of gold in Fort
• 26:58
  Knox. Now remember, we're just
• 27:00
  supposed to believe, right? Like we're supposed to believe
• 27:03
  in Santa Claus when we're little kids.
• 27:06
  OK, I believe that. I believe in Santa Claus.
• 27:09
  I believe Fort Knox has 8000 metric tons of gold.
• 27:13
  Or does it? We don't know.
• 27:16
  But what about if right now? What would this mean?
• 27:21
  What does it tell you that right now there's a new vault that's
• 27:26
  been built that's bigger than Fort Knox?
• 27:30
  It can tell us a few things, right?
• 27:33
  It could tell us a good general reading on what's going on in
• 27:38
  the silver and gold world. Why would somebody invest
• 27:42
  millions? Let's go check it out because
• 27:44
  it's very interesting. And as we look at this, I want
• 27:48
  you to think about why would they do this?
• 27:50
  Why would we have a new vault? Yep, there's those.
• 27:53
  There's those silver bars. That field full of silver bars.
• 27:58
  Here we go. This is from the Idaho
• 28:00
  Statesman, one of my favorite newspapers to read.
• 28:03
  OK, let's go up here. Idaho now has a gold Idaho.
• 28:14
  Nothing against Idaho. Is anybody here joining us from
• 28:17
  Idaho? I don't know anybody from Idaho.
• 28:20
  I mean, it's just it's not a very populated state, OK, which
• 28:24
  doesn't mean anything. I'm not putting it down.
• 28:26
  I don't know that I've ever been there.
• 28:28
  Have you ever been to Idaho? If you have right, tell us in
• 28:30
  the comments and if it's a nice place to visit none the less,
• 28:33
  why would Idaho now have a gold and silver depository?
• 28:38
  Its owner says it can hold more than Fort Knox?
• 28:42
  Really interesting. OK, a golden a gold and silver
• 28:48
  depository that its owner says can can store more than Fort
• 28:51
  Knox Just opened in downtown Eagle.
• 28:55
  I guess Eagle ID Money Metals based in Eagle built a
• 29:00
  28,037,037 thousand square foot. Wait till you hear about this
• 29:06
  thing. Extremely secure location for
• 29:09
  individuals, businesses, family offices, governments.
• 29:15
  Maybe we should we throw in the Federal Reserve now.
• 29:18
  They don't like old governments and financial institutions
• 29:21
  across the globe to store high value precious metals assets.
• 29:27
  It doesn't have machine gun turrets on its corners as Fort
• 29:31
  Knox does. I guess Fort Knox has machine
• 29:33
  gun turrets. That's interesting.
• 29:35
  Fort Knox, built in 1936 about 30 miles southwest of
• 29:40
  Louisville's, considered the most secure bullion depository
• 29:43
  in the world according to the US Mint, which runs it.
• 29:47
  But this is interesting. How hard?
• 29:49
  How hard would it be for us to break in?
• 29:51
  We were never do anything like that.
• 29:52
  But how hard would it be to break into this?
• 29:55
  The Eagle Depository does have North America's largest class 3
• 29:59
  Volt, the company said that is the highest vault rating that
• 30:02
  Underwriters Laboratories gives. It would take two hours for
• 30:06
  someone using quote common mechanical tools.
• 30:10
  I used to have a screwdriver down here somewhere.
• 30:12
  Anyway, electric tools, cutting torches, OK.
• 30:17
  Or any combination of these to break in, according to the
• 30:20
  International Vault Inc, a manufacturer.
• 30:24
  This is wild. The depository has advanced
• 30:27
  security measures around the clock, monitoring secure access
• 30:31
  controls and a security team made-up of former made-up of
• 30:36
  armed former law enforcement and military personnel.
• 30:40
  I want I got a feeling there's a couple of Bang, Bang guns around
• 30:44
  that place, the company said in a news release.
• 30:47
  The western United States now has its very own Fort Knox, only
• 30:51
  substantially larger. It is one of only about 10
• 30:55
  private depositories in the US That's according to Stefan
• 30:59
  Gleeson, the CEO of Money Metals.
• 31:01
  OK, interesting. Why did they build a depository
• 31:08
  for gold and silver bigger than Fort Knox?
• 31:14
  What is that telling you about where the demand for silver and
• 31:21
  gold are going to be in the future?
• 31:24
  OK, I want you to think about that now.
• 31:26
  I also want you to think about this is fascinating about silver
• 31:31
  in particular and where the silver price is heading.
• 31:34
  OK, silver we got, we have, we have to set the stage here.
• 31:39
  We know silver moves fast. When it moves fast, fast, it can
• 31:44
  move up. When silver gets above $34, it's
• 31:50
  going to go to 4450 very quickly.
• 31:54
  I know that. I believe that.
• 31:56
  That's my truth. You need to have your own truth.
• 31:59
  Don't make any financial decisions based on what I'm
• 32:02
  saying. But I know that that when we get
• 32:05
  this move and silver about 34, we're going to 50.
• 32:08
  But remember, it happens every 10, what, 10-15 years we're due.
• 32:13
  We are due. It's been about 13 years since
• 32:15
  we had the silver price skyrocket to $50 per oz back in
• 32:20
  2011. OK, couple big factors that we
• 32:24
  need to remember. And then there's two bone.
• 32:26
  This is something guys that nobody talks about and we've not
• 32:30
  talked about right now. We know the gold to silver ratio
• 32:34
  and this is not, we've got four factors.
• 32:36
  The last two are crazy about silver.
• 32:41
  The gold to silver ratio, what is it, 888589 is so far out of
• 32:47
  whack. Silver has so much catching up
• 32:50
  to do right now with the gold price.
• 32:54
  And what do you think's going to happen when that happens?
• 32:57
  You know what's going to happen. I know what's going to happen,
• 32:59
  right? I want, I want to show you this.
• 33:03
  I this, this, this, this shows it all.
• 33:06
  This gold colored truck is the gold price.
• 33:10
  This silver truck is the silver price.
• 33:15
  This is the gold to silver ratio, this red elastic band.
• 33:19
  OK, throughout history, well, let's say it was around 2015.
• 33:25
  Ancient history. In more modern times, it got
• 33:28
  stretched out. I need to pull this back, right.
• 33:31
  On average, it's been around 50. OK, remember, this is the gold
• 33:35
  price. This is the silver price now it
• 33:40
  is so stretched. I don't want to break my silver
• 33:43
  truck. It is so stretched it's like at
• 33:46
  90 all right, it's massive, but in this red, remember the red
• 33:51
  the red line you see that is the gold to silver ratio at 90.
• 33:56
  There's I can hardly. This is actually hard to hold
• 33:59
  this apart. OK, it's hard.
• 34:01
  There's so much energy in that. Now what's going to happen?
• 34:05
  See if this thing works. There it goes.
• 34:10
  All that energy. All right, when silver gets its
• 34:14
  wheels, silver, that's what they call a slingshot move in this
• 34:19
  elastic band, the gold to silver ratio when it compresses, all
• 34:24
  right, it will be a slingshot move.
• 34:28
  No one is proposing. Who do you know that's proposing
• 34:33
  that the gold price could go down.
• 34:34
  That could be dangerous, but nobody's really saying that the
• 34:37
  gold price will go down. By the way, guys, we have almost
• 34:41
  600 people on here. Thank you.
• 34:43
  I am going to ring the gong five times and it's Susie's.
• 34:48
  Hold on, Susie. Susie's saying something to me.
• 34:50
  Silver Susie, everybody say hi to Silver Susie.
• 34:53
  Hold on one second. Excuse me darling, two more
• 34:59
  likes and we're going to have 200 thumbs up and I will ring
• 35:02
  the bell when that silver gold to silver ratio comes back in
• 35:06
  the normal IT guys remember, OK, historical recent history 50
• 35:13
  current situation, right that I can barely hold this apart.
• 35:19
  It'll be crazy. Let's ring the bell.
• 35:22
  We got 200 thumbs up that's nothing stick with me here OK,
• 35:30
  We know the deficit so .1 gold to silver ratio .2 the massive
• 35:35
  deficit right? The hourglass running dry.
• 35:39
  OK there it is one last time that yellow part that's the
• 35:44
  above ground silver surplus. It's ticking Time is ticking.
• 35:48
  Thank you shadow work for the Super chat my friend.
• 35:51
  Super appreciated. Wow, thank you.
• 35:55
  Now this is where it gets interesting.
• 35:58
  The last time, the last one of the last times right as I
• 36:01
  understand it that we had a deficit like this was the 1950s,
• 36:05
  OK, but two big key things are different right now.
• 36:11
  Two massive factors are different that are going to that
• 36:15
  are that are going to give us much higher silver prices, OK.
• 36:22
  Because in the 1950s when we had a deficit in silver, I want you
• 36:27
  to think about two key things. Number one, OK, they were able
• 36:31
  to increase mine output. We know right now we can't
• 36:37
  increase mine output at the current price.
• 36:40
  Price fixes everything. I got news for you.
• 36:42
  What do you, you know, we know what's going to happen if the
• 36:46
  silver price goes to $70.00 per oz, Guess what?
• 36:50
  They will turn up the the silver production, right?
• 36:54
  There will be people looking for silver everywhere.
• 36:57
  They might be digging in your backyard.
• 36:59
  Digging in my backyard. But what's way different now to
• 37:02
  1950 is they were able to easily turn on the silver production
• 37:09
  because there was a deficit. Now, because there's been such a
• 37:13
  prolonged artificial low silver price, no one's been exploring
• 37:19
  for silver. Nobody's been building silver
• 37:22
  mines. So when the price goes to 70 and
• 37:25
  they're like, Oh my gosh, we need more silver.
• 37:28
  We need more silver. How long do you think it's going
• 37:31
  to take right, for that new silver to come online?
• 37:35
  I hope you're answering like minimum five years, minimum 10
• 37:40
  years because that's how long it takes.
• 37:42
  Things are different now. All the easy silver has been
• 37:45
  gone. There's been a vast under
• 37:48
  investment in the silver industry.
• 37:50
  Remember Home Depot that we talked about earlier?
• 37:53
  Home Depot, the hardware store company has is has a higher
• 37:58
  value, a higher, it's called a market cap, a higher market cap
• 38:02
  than the entire silver industry combined.
• 38:05
  OK. So they aren't going to be able
• 38:07
  to just turn on the silver. It's going to take 10 or 15
• 38:10
  years. We could be in for a long.
• 38:12
  That's one thing that's way different.
• 38:15
  OK. And I heard this guy Chen Lin
• 38:17
  mentioned this next thing that I had never thought of before.
• 38:23
  OK, Cuz we talk about, remember, we talk about the above ground
• 38:27
  surplus of silver. In 1950, there was a big above
• 38:33
  ground surplus of silver. You know where it was.
• 38:36
  It was all in this, right? It was in the money, right?
• 38:40
  It was low hanging fruit. So what was it, 1964 when they
• 38:46
  took silver out of the money, right?
• 38:49
  That created a whole new wave of supply.
• 38:52
  Guys, we are, I mean, we are on the Crest of just what could be
• 38:57
  an incredible run for silver. OK, gold too.
• 39:01
  I love gold, right? And gold's had an incredible
• 39:04
  run. But this silver situation is
• 39:08
  becoming just so fascinating. I mean, we're going to have a
• 39:13
  wild, fun ride together, basement dwellers, and I can't
• 39:16
  wait to do it with you. Hey, I want you.
• 39:18
  We got more to talk about, but please subscribe to the channel
• 39:22
  if you haven't already. We want you to be a part of this
• 39:25
  community. And when you're subscribed, and
• 39:27
  a lot of you already are. So you know what?
• 39:29
  I owe you a big thank you, right?
• 39:31
  And for coming here and spending this time on behalf of Susie and
• 39:34
  myself, we're honored that you're here.
• 39:37
  Remember when you're subscribed and you turn on the bell
• 39:40
  notifications, you'll get notified.
• 39:42
  But also you can leave comments in the comment section.
• 39:45
  Your comments are so critical. Let's go look at another one.
• 39:49
  OK, good. Because you guys are say some
• 39:52
  things and that's what we do. We're here to help each other.
• 39:55
  I've got another another one of our great viewers sent in this
• 39:59
  comment, Coleman, Mr. Coleman. Coleman.
• 40:04
  Has anyone seen Coleman? Coleman 846845 He says geez,
• 40:09
  nothing matters until the banksters stop the shorting,
• 40:13
  buying, leasing game between each other.
• 40:17
  And the big question is why would they?
• 40:20
  This is their government endorsed gravy train to easy
• 40:24
  profits. CPI doesn't matter.
• 40:27
  Interest rate cuts don't matter dot dot dot dot dot.
• 40:30
  You know, I understand your frustration, Coleman.
• 40:33
  We do all of us facement to others.
• 40:35
  We understand your frustration, OK, but we have to realize
• 40:40
  things are different right now. Coleman, what do you feel?
• 40:46
  How do you how would you reply to Coleman?
• 40:48
  Leave it in the comments. OK.
• 40:50
  But but Coleman, we have to realize things are different
• 40:56
  right now. Yes, sure.
• 40:58
  Since 1971. And we we know that memo that
• 41:02
  was sent from the LBMA guys when they were setting up the
• 41:05
  futures, the paper market, the LBMA, the London Bullion Market
• 41:10
  Association, right? And that they were going to
• 41:12
  purposely induce volatility and manipulation into the silver and
• 41:18
  gold futures markets. That's not, that's not a
• 41:23
  conspiracy theory nut case. That's documented proof that
• 41:27
  that actually happened. OK, So, yeah, we know the last
• 41:30
  50 years, but things are way different like we talked about
• 41:34
  earlier, right? The world, the bricks, the
• 41:37
  bricks with their, with whatever, with what's becoming,
• 41:40
  you know, they control what's becoming a lion's share of the
• 41:43
  world's resources. A lion's share of the world's
• 41:48
  population, a lion's share of the world's economy of what's
• 41:54
  even more important for us to realize is they also control a
• 41:59
  lion's share of the growth, economic growth, the number of
• 42:05
  people. It's crazy when we realize
• 42:09
  there's 1.4 billion people in China, there's still 1.4 billion
• 42:13
  people in India. Both of those are the fastest
• 42:17
  growing economies in the world. India in particular will have
• 42:21
  hundreds of millions of citizens moving into the consumer class
• 42:27
  in the coming decade. What do we know about India?
• 42:34
  What do we know about India? Basement dwellers?
• 42:39
  Coleman We know one very important fact about India.
• 42:46
  People in India are getting richer.
• 42:48
  Hundreds of millions. People coming into the middle
• 42:50
  class. What's the one important fact
• 42:53
  Those people love? Precious metals even more than
• 42:57
  the Chinese, I would say. I can't say that for sure, but
• 43:01
  when you look at the data, we know that to be the case is they
• 43:04
  gain power and control. They are wrestling away, right?
• 43:09
  Andrew McGuire from Live from the Vault talks about it all the
• 43:14
  time. This market is changing, right?
• 43:18
  This market is absolutely changing.
• 43:20
  We know from following the Shanghai Ghost on X.
• 43:25
  What do we know? We know that on the physical
• 43:28
  market, the Shanghai Gold Exchange, the price of silver is
• 43:32
  at minimum what for like the last six months, $3 per oz
• 43:37
  higher. So as we as we get frustrated
• 43:43
  right with the Banksters Games and the Banksters this we are in
• 43:47
  a different we are in an absolute different environment
• 43:50
  right now. Guys, thank you for being here
• 43:52
  today. I want to say thank you to
• 43:53
  channel sponsor First Mining Gold, Canadian gold developer.
• 43:57
  They have two multi million ounce projects in Canada.
• 44:00
  They are development stage. They they are exploring for more
• 44:05
  gold. OK, let's talk about gold mining
• 44:07
  stocks here once we get through this very interesting situation
• 44:12
  in the junior gold mining and silver mining sector.
• 44:14
  But first mining golds. They are exploring, but they
• 44:17
  already have found these millions of Oz of gold in the
• 44:20
  ground. They are in the like permitting
• 44:22
  process, the development stage. You can learn more about them at
• 44:25
  firstmininggold.com. Fortuna Mining, they're actually
• 44:29
  mining gold and silver. They just reported a great
• 44:32
  second quarter, first half of 2024.
• 44:36
  You can learn more about them at Fortuna mining.com.
• 44:40
  Do you own precious metal mining stocks?
• 44:43
  Now I'm really going to pay attention because I want you to
• 44:48
  put that in the comments. Yes, I do.
• 44:52
  I own physical silver and I own a substantial amount of gold
• 44:58
  mining stocks and silver mining stocks.
• 45:01
  OK, Some of the companies I own, right?
• 45:04
  Fortuna First Mining Channel sponsors, But I own a company
• 45:08
  called Dolly Varden Silver Mountain.
• 45:11
  Dolly Varden has a big project up in Canada.
• 45:14
  Silver Mountain has a big project in Peru.
• 45:18
  Who else? Black Rock Silver.
• 45:21
  They own that Tonopah, half of that Tonopah deposit out in
• 45:25
  Nevada. So they're also, I believe First
• 45:29
  Majestic Silver's a big investor in that company.
• 45:33
  But this interesting thing I'm about, about the Tonopah project
• 45:37
  in BlackRock is it's on private land.
• 45:39
  So it makes the permitting much more easier.
• 45:42
  They have 100 million oz like silver deposit that they've
• 45:46
  determined. OK, it's crazy.
• 45:49
  Suma Silver owns the other half of that.
• 45:51
  I own that stock as well. Very interesting situation.
• 45:54
  I own Silver Elephant. They've got big deposit that's
• 45:57
  down in Bolivia. They got an off take agreement
• 45:59
  going on right now. But I was looking over My
• 46:03
  Portfolio and guys, it is still the case if you own Junior Gold.
• 46:10
  I own Brixton Metals is another one there, copper gold
• 46:13
  exploration company. They have BHP, the world's
• 46:17
  biggest miner that owns 19% of the company, right.
• 46:21
  They have Robert Friedland's Ivanhoe Electric that they
• 46:24
  partnered at their one of their projects in Montana with and
• 46:27
  they have another project a way up in Northern Canada.
• 46:31
  Is it El Dorado Gold? They just did a partnership
• 46:34
  anyway, just but across the board, if you own precious metal
• 46:40
  mining stocks, they're done out. There's something very important
• 46:43
  even if you, even if you don't own the stocks, but you own the
• 46:47
  physical metal, something very important to remember, These
• 46:50
  stocks had been obliterated. OK, You look at almost any one
• 46:54
  of them. I have a big list in my Yahoo
• 46:56
  Finance and it shows where the prices have been over the last
• 47:00
  52 weeks. I own Equinox is another one.
• 47:03
  They're a producing company. They're doing pretty well.
• 47:06
  Fortuna's doing pretty well. But these junior companies are
• 47:09
  all, there's like a little scale that shows where they are over
• 47:13
  the last 52 weeks, the last year and most of them are near their
• 47:17
  52 week lows. The value proposition OK for
• 47:22
  these stocks is incredible, but there's something really
• 47:26
  exciting about the physical metals that relates to this as
• 47:29
  well that we're going to talk about, OK.
• 47:31
  But these companies I mean, they are selling for they're they're
• 47:35
  they're a lot of them are down sixty 7080% from their highs
• 47:40
  over the last two or three years.
• 47:42
  I mean, they are just getting obliterated.
• 47:45
  So the value I'm not make giving any financial don't don't don't
• 47:49
  make any financial decisions do anything based on what I'm
• 47:53
  saying. But I will tell you that from a
• 47:55
  value proposition opportunity, they are very, very, very
• 48:01
  attractive. Why are they down so low?
• 48:04
  Well, it's easy because most of the we're like, you know, gold's
• 48:08
  at 2450, gold's at we'll go check here in a second to see
• 48:11
  where it is. But you know, gold's near all
• 48:14
  time highs. Wouldn't you think that the
• 48:17
  companies that are that are exploring for and developing
• 48:22
  gold mining projects, silver is at what, 2728 per oz?
• 48:26
  Wouldn't you think that the silver companies that are that
• 48:30
  are exploring for silver building, developing, permitting
• 48:34
  silver operations, there's very few of them, Wouldn't you think,
• 48:37
  I mean, there's very few of those silver especially that
• 48:40
  they'd be doing well. You would, we would, but there
• 48:44
  but the but the reality is in stark contrast to that.
• 48:48
  The reality is the stocks are in the toilet.
• 48:51
  There's no other way to describe it.
• 48:52
  I mean, and the CE OS of the companies are pulling their hair
• 48:55
  out. They don't understand, right,
• 48:58
  why, why and what does it mean for the stocks and for the price
• 49:03
  of silver and gold? The why is very simple.
• 49:06
  The reason why the gold price is so high and the silver price is
• 49:10
  done very well is because of what we talked about earlier,
• 49:15
  China and India buying physical metal.
• 49:19
  Chinese citizens and Indian citizens, as far as I know,
• 49:24
  aren't really allowed to buy US mining stocks, Canadian mining
• 49:29
  stocks. So they buy the physical metal
• 49:32
  and the price has gone haywire, right?
• 49:35
  We know in the West, right, that for now, we are the one in 100,
• 49:40
  right? We are there.
• 49:41
  There's not much interest, not a huge amount of interest.
• 49:44
  Although what happened a little over a week ago when we had that
• 49:47
  micro crisis in the market, in the economy indicated to us that
• 49:51
  if, when things do get crazy, that there's going to be a
• 49:54
  massive wave of people. But that's besides the point.
• 49:57
  The reality right now is in the West, there's not a lot of
• 50:01
  interest in silver and gold. Yes, I know guys, we have to
• 50:05
  realize this. We're we're we're if we're
• 50:08
  right, we are way ahead of the curve number one, OK.
• 50:12
  And I believe we are I believe that we are right that we are
• 50:15
  way ahead of the curve. But sometimes being early feels
• 50:20
  a lot like being wrong right now with the silver and gold price
• 50:24
  that's done pretty well with the mining stocks.
• 50:26
  It's not when the wave of people, when there's there's
• 50:32
  interest, when Wall Street can't ignore the unbelievable value in
• 50:38
  the silver and gold mining sector for much longer.
• 50:42
  I mean, at 2450 gold, if gold stays above 2400, which I
• 50:46
  believe it can, but it, you know, it could go down, but
• 50:49
  let's say it does, the profits being generated by the gold
• 50:53
  mining companies are going to be so significant that Wall Street
• 50:57
  will start to pay attention when they start to pay attention to
• 50:59
  the gold mining stocks and maybe even the silver mining stocks,
• 51:04
  right? That will also draw more
• 51:06
  attention into the physical metals in the West and it could
• 51:10
  become like a self feeding system, a self feeding prophecy.
• 51:14
  So we're going to keep a close eye on it for now.
• 51:17
  Yeah. I mean, you know, there's been a
• 51:19
  lot of pain in the junior gold and silver sectors.
• 51:24
  The both on the development side, even on the production
• 51:27
  side, the big producers have done better, but not great.
• 51:32
  You go down to the developers, you know, it's it's it's it's
• 51:36
  atrocious. And if you go down to the
• 51:37
  explorers, it's even more egregious.
• 51:40
  What is going on? So anyway, thank you for being
• 51:44
  here. It's a big deal when you come
• 51:46
  here, Please remember, support our sponsors.
• 51:49
  It helps make this possible. It's a big deal to me and Susie
• 51:53
  that you're here. So thank you, thank you, thank
• 51:55
  you. And please don't forget channel
• 51:58
  sponsor Pi MB EX. I'm not telling you to go buy
• 52:03
  gold and silver. I'm not telling you you have to
• 52:06
  buy it from Pimbex. All I'm asking is that you do
• 52:10
  yourself a little favor and if you are shopping, give him a
• 52:13
  shot. OK?
• 52:14
  Thanks guys. Thanks for being here.
• 52:16
  I'll see you soon.