Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / Exclusive INSIDE Scoop: Major Shifts in the SILVER and Gold Community... and a Word of CAUTION

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Exclusive INSIDE Scoop: Major Shifts in the SILVER and Gold Community... and a Word of CAUTION · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:03
  Big changes in the silver and gold sector.
• 0:06
  We have an exclusive story this morning regarding Wall Street
• 0:11
  Silver, that organic community that grew out of the Silver
• 0:15
  Squeeze, big changes within that Reddick community.
• 0:19
  I'm joined by John Little. We're going to talk about that
• 0:21
  today. He knows a lot on the subject,
• 0:24
  but also we have a big warning, a big concern about what's going
• 0:29
  on in the silver and gold sector.
• 0:33
  We're going to talk to you about that as well.
• 0:35
  John, thanks for joining me again here in Ron's basement.
• 0:39
  Oh, it's always my honor. I've just been devouring your
• 0:42
  videos and again, it's just to be in the basement next to the
• 0:46
  Unicorn and the gorilla. It will hit the $2500 number for
• 0:51
  sure. Big Party when Gold hits $2500.
• 0:56
  Following this story, we've had a chance to go on some other
• 0:59
  networks, but we we feel more that you're you want you listen
• 1:03
  and are more aligned with our mission.
• 1:05
  So I'm real honored to be with you and you're awesome fans.
• 1:10
  So thanks, let's keep going. I can get right into this.
• 1:15
  Unless you have a question. Well, I wanted to point out to
• 1:18
  the to the viewers, we've got big changes at Wall Street's
• 1:22
  over and that's a huge community, right?
• 1:25
  I think 260,000 members. Had the Wall Street vets sort of
• 1:32
  launched the mean stocks like GameStop and AM C and.
• 1:38
  There was a shout out saying well this could probably work
• 1:41
  with silver given the fact that we, you and I discussed two
• 1:44
  weeks ago the shortage of silver and that it is a historically
• 1:48
  shorted position by usually bank bankers.
• 1:53
  So there an opportunity emerged and the Wall Street vets guy
• 1:58
  kind of said we don't want you talking about silver on our
• 2:01
  stock channel. So they ended up starting their
• 2:04
  own thing, and it did mushroom into a significant movement.
• 2:07
  Organic. Where people were allowed to the
• 2:11
  idea was let's all stack physical silver and drain the
• 2:16
  inventories thus silver raising and prices or calling these
• 2:21
  people on their naked short positions.
• 2:23
  So it's very smart movement and and it started off sincere and
• 2:28
  then what happened is the founders and I'm not going to
• 2:31
  drop names, people can research this but they sort of launched A
• 2:34
  GoFundMe scheme that was intended to.
• 2:38
  Do a variety of things like buy media, outdoor media, Internet
• 2:42
  ads, grow the movement, the funds.
• 2:47
  And there was supposed to be this Ledger that everyone could
• 2:50
  see full transparency and accountability.
• 2:53
  No one could produce the Ledger, the people in the OR the
• 2:56
  moderating role. So that led to some red flags.
• 2:59
  And then there was all of a sudden instead of talking about
• 3:02
  physical silver week after week after week on their YouTube
• 3:05
  channel, it seemed to be this. Pump and dump scheme for just
• 3:10
  various different obscure mining companies.
• 3:15
  So they took their eye off the ball.
• 3:17
  Then we found out later that they just didn't have the
• 3:19
  numbers. A lot of them were bots and you
• 3:22
  can spend money I guess and read and have these bots retweet you
• 3:26
  all the time on Twitter. So the analogy I thought of was
• 3:30
  if I said I'm printing the Wall Street Journal and I go to
• 3:35
  Cadillac and Gucci and. Audi and BMW and say, hey, we
• 3:39
  have a readership of 10 million. All of our people are high net
• 3:43
  worth people. All of our, they own two homes,
• 3:48
  they all have advanced degrees. And then you don't print the 10
• 3:52
  million papers. You only print maybe 500 of them
• 3:55
  and just send them to Cadillac, to your advertisers and act like
• 3:59
  these are my demographics, but they're not your demographics
• 4:02
  because you don't have that reach, because you paid for that
• 4:04
  reach through bots. So they stole that money from
• 4:08
  the fleece from the miners, freeze fleece from the silver
• 4:11
  citizens and then there was another layer of fleecing on
• 4:15
  this minted coin that they produced.
• 4:18
  They were supposed to share that proceeds and they it was over
• 4:23
  500,000 in revenue there that they didn't share.
• 4:27
  So it it totaled over $1,000,000 and worse than that and that's
• 4:32
  pretty egregious given how small the silver market is.
• 4:36
  But worse than that is, it left a bad taste in the mouth of the
• 4:40
  sponsors as well as the Stackers.
• 4:43
  So as of yesterday, the some of the original moderators and you
• 4:49
  let me let me let me interject quick.
• 4:51
  I'm sorry, because I would. No, it's okay.
• 4:53
  No, I just want to mention, I think it's a real shame that you
• 4:57
  had this organic community of people that were interested in
• 5:03
  growing awareness of silver. People, individuals donated
• 5:07
  money. You know, I think like you said,
• 5:10
  on many levels people felt, I mean it's hard enough to to to
• 5:17
  educate people on silver and gold for that matter.
• 5:20
  But then when you have situations like this, which at
• 5:22
  its very base root was a grassroots movement to to
• 5:27
  support silver and gold, that it wound up this way.
• 5:31
  And I can tell you from my own personal experience, I had a
• 5:34
  couple companies tell me, companies that I own stock in,
• 5:39
  companies that I was interested in working with that said we're
• 5:42
  holding off, we got burnt by Wall Street Silver.
• 5:45
  We had a bad experience and that's a fact and that's the
• 5:48
  truth. And it's just a real shame that
• 5:52
  it that it took took that turn. But there is some good news and
• 5:56
  before I cut you off, I think you were going to allude to that
• 5:58
  about what's transpired regarding some of the original
• 6:01
  people coming back and and and and taking over.
• 6:06
  Well, I'm really glad you interjected that because that it
• 6:10
  seems like you're discovering a pattern and I think we should
• 6:13
  touched on that pattern because it goes to the yeah, I kind of
• 6:17
  want to, I want to go there a little bit and then come back to
• 6:19
  what you just said. If if only 1/2 of 1% of U.S.
• 6:25
  citizens believe that silver and gold are a worthwhile investment
• 6:32
  because there's all the other asset classes have done pretty
• 6:35
  well. Because when you print a lot of
• 6:37
  money, those that money printing sort of flows into equity
• 6:42
  markets and real estate markets and people have choices for
• 6:46
  where they hold their wealth. So it's always been an uphill
• 6:49
  battle since. You know, at least since Nixon
• 6:52
  closed the gold convertibility option to get people to invest
• 6:56
  in gold and silver. So the last thing you want is to
• 6:59
  have this outcropping of thieves and bandits and fraudsters and
• 7:04
  villains. Say they have some version of
• 7:08
  gold, whether it's in a fund or in some other manifestation or
• 7:14
  business plan. And then?
• 7:17
  They usually target the elderly. They usually do so on TV ads.
• 7:22
  There was a guy named Lucas Asher Fashion himself is sort of
• 7:27
  a, you know, a sun shade wearing leather coat, rock and roller.
• 7:34
  He had a company called Barrett Capital or Chase.
• 7:39
  Metals, you know, they always kind of give you these confusing
• 7:42
  names. And there was a character named
• 7:44
  Tyler Gallagher of Regal Assets, and I did a story on them.
• 7:48
  There's ten of these citizens just recently, so they're
• 7:52
  targeting the elderly. And if it leaves that kind of
• 7:55
  stain, think how much harder than the people that are
• 7:58
  reputable have to work then to remove that tarnished
• 8:03
  reputation. So circling back to and and and
• 8:08
  and you bring up a great point. I've been in this business now
• 8:12
  for about a year and a half and I've been presented with you
• 8:16
  know 10s of 4050, sixty different sponsorship
• 8:20
  opportunities or affiliate programs.
• 8:23
  And without exception everyone that I've looked into.
• 8:27
  I think well, I wouldn't do business myself with this
• 8:31
  company. So I'm not going to represent it
• 8:33
  to my audience because you, you, you are dealing with elderly
• 8:38
  people. You are dealing with another
• 8:40
  segment of the population that are unsophisticated investors
• 8:44
  that don't understand. And and I think that those
• 8:48
  people are being taken advantage of.
• 8:51
  And I want to, I want to emphasize, I think a point that
• 8:54
  you that you made, right. Like gold and silver are already
• 8:57
  fighting an uphill battle, right.
• 9:00
  And and there's this, I don't know if it's an organized
• 9:03
  effort, but this overall message, I guess we'll say that
• 9:10
  we get generally in society that gold and silver are, you know,
• 9:15
  are are used by bandits and pirates and drug dealers and the
• 9:19
  Wagner group and and and and the fact that unfortunately there's
• 9:27
  a segment, not everybody, right. There's a lot of great people in
• 9:30
  this business. Right.
• 9:31
  And I'd like to think that I'm one of them.
• 9:33
  I'm not perfect, but I'd like to think that I'm one of them.
• 9:36
  But we're almost playing into what the general message is out
• 9:42
  there, like we're already fighting an uphill battle And
• 9:45
  then you've got all these conflicts of interest that I
• 9:48
  tend to see people, you know, engaging in price gouging scams,
• 9:52
  hustles, pumping up scams on penny stocks.
• 9:56
  And and it's like we're playing into the message that that, Oh
• 10:01
  yeah, gold and silver are, you know, it's a, it's a I don't
• 10:05
  know the right way to phrase it, but it's a dirty area.
• 10:07
  And don't you know, you don't want to buy gold and silver,
• 10:10
  right. That's what the general message
• 10:11
  obviously you know when one out of 300 people or whatever the
• 10:15
  number is in the United States own gold and silver, there's not
• 10:19
  a lot of that. There's not a lot of awareness
• 10:21
  and and and you know what I fear is that we could be running down
• 10:26
  like the like like we're almost like crypto.
• 10:29
  You know like Sam Bankman freed type situation where all of a
• 10:33
  sudden if if the government really wants to they could come
• 10:36
  in and and and say Oh my God look at all this.
• 10:39
  We told you gold and silver were bad.
• 10:41
  Look at all this fraud and corruption going on.
• 10:43
  I'm done. Well.
• 10:44
  You could build that if. A lot of these people, I think
• 10:49
  the story I wrote within the last six weeks was I think my
• 10:53
  list was up to 10 and that's that I found through research of
• 10:57
  I think I called it beware of gold and silver scams and again
• 11:03
  like you said if it we're fighting an uphill battle.
• 11:07
  We know that the people that don't want competition for their
• 11:12
  money are is the Federal Reserve in the US government.
• 11:16
  They want to be the issue issuers of the paper note it's
• 11:20
  always been that way in the Bank of England.
• 11:22
  Same thing when they wrote that contract with King George who
• 11:26
  wanted to fight France. They, the 40 businessmen, did
• 11:29
  loan him the money so he could fight France.
• 11:31
  But in the contract it said we will now have the monopoly on
• 11:34
  issuing the currency. And that isn't that long ago,
• 11:37
  like 200 years ago or so. Well, a little more than that,
• 11:40
  so. That practice, like you say, we
• 11:43
  already have that uphill battle of of fighting the Federal
• 11:46
  Reserve. So in a way we are like you say,
• 11:49
  we're sort of cannibalizing each other through that plan of let
• 11:54
  the let the villagers fight amongst themselves and then they
• 11:58
  don't have to do anything. So it is a perfect analogy to
• 12:01
  bring up crypto. There's over 1000 crypto
• 12:05
  products, right? Or even more?
• 12:07
  And most of them go to 0. The only ones that haven't so
• 12:10
  far really are Bitcoin in Ethereum.
• 12:13
  And then you see Richard Hart of HEX.
• 12:16
  He's always turned in on Twitter.
• 12:18
  He'll show up every now and then buying Gucci Rolex watches in
• 12:25
  these bizarre track suits and founting as well.
• 12:29
  Like he's some rapper with gold chains.
• 12:32
  And it's really gaudy, tacky, materialistic.
• 12:35
  And the optics are stupid. And he's almost saying, see, I
• 12:39
  ripped you off. Now come find me in Dubai
• 12:41
  hiding, right. You know, so we're seeing that
• 12:44
  again. The other irony I've seen is
• 12:46
  with a lot of the gold and silver celebrities, I'm not
• 12:49
  dropping names that I grew up, you know, admiring because they
• 12:53
  were smart people and they did some great research in terms of
• 12:57
  looking at. You know, trends on gold and
• 13:00
  silver and technical analysis and historical moving averages
• 13:05
  and Elliott Waves and Fibonacci patterns and lines of resistance
• 13:10
  and all these sorts of technical things as well as.
• 13:15
  How silver does relative to the Dixie and I.
• 13:18
  Then I go and find out that a lot of these people also have
• 13:21
  launched their own weird side projects that aren't physical
• 13:26
  gold, but sort of representations of gold.
• 13:28
  Almost like paper in a way. And it's funny because all they
• 13:32
  have spent their whole career bashing on Jamie Dimon, bashing
• 13:36
  on Jerome Powell, Janet Yellen, Christine Lagarde, any president
• 13:41
  they can find or Congress member.
• 13:43
  Yet if you say one thing about one of these celebrities, you
• 13:47
  know, it's like hands off me, you know, so it's kind of like,
• 13:51
  you know, well. If you're in a glass house, you
• 13:54
  may not want to be throwing those stones around so
• 13:57
  frequently. Or put away your slingshot.
• 13:59
  Yeah, your little whippersnapper anyway.
• 14:04
  But yeah, it just gets me thinking like we're already
• 14:06
  fighting an uphill battle in this industry.
• 14:10
  We need, we need help, right? We don't need you to steep in
• 14:13
  the hill for us. And when you have like, what was
• 14:15
  the most pure grassroots movement within within the
• 14:21
  silver sector, I was there. I was there at the Silver
• 14:24
  Squeeze, right. I was there, you know, pretty
• 14:28
  early as a member of Wall Street Silver.
• 14:30
  It felt good. It was pure.
• 14:33
  When you have even something like that, I was able to get
• 14:36
  corrupted, right. Let's just say there was some
• 14:40
  corruption, scandal and controversy.
• 14:43
  But now? But now there's a new day.
• 14:46
  And I won't say maybe new day is a bad way to say it.
• 14:48
  There's been a reclamation by some of the Is that an accurate
• 14:52
  way to say it by some of the original?
• 14:54
  Yeah, some of the the OG moderators we could say stand
• 14:59
  for old guy, is that right? Original Original.
• 15:02
  OK, yeah, that's funny. No, these guys are the opposite
• 15:05
  of I'm an OG, I'm an old guy. Yeah, I'm you know, if half
• 15:09
  these people found out I was a boomer, they would stop reading
• 15:12
  the pickaxe. For good reason.
• 15:15
  Because you know we anyway. Yeah.
• 15:18
  So Silver Diegen Club. You know you've had Conrad and
• 15:23
  Media and illuminated Avon and they are.
• 15:27
  And there's a bunch of them that are just genius like Meme
• 15:29
  Sergeant Spliff and chief banana JAMA.
• 15:33
  That I mean, I can't. I don't want to name all the
• 15:36
  names because it I'll forget a few and then.
• 15:39
  Bad on me, but content over there is sort of going to be
• 15:42
  like this where if you want edgy memes that are think of like Mad
• 15:48
  magazine before it's time it kind of offended some people
• 15:51
  because it was maybe or even political cartoons at the turn
• 15:54
  of the century could offend people.
• 15:57
  We don't. You know how certain art forms
• 15:59
  Andy Warhol may have offended someone, We don't know David
• 16:03
  Bowie. You're right, we can go on and
• 16:04
  on so. I'd say the edgy stuff will be
• 16:09
  on the Silver Degen Club channel and then Wall Street Silver will
• 16:14
  just be only silver stacking pictures.
• 16:18
  Let's get away from the politics, get away from the hate
• 16:21
  speech, get away from anything that isn't, you know, just want
• 16:26
  to keep it really traditional. And I hate to use the word clean
• 16:30
  because that infers that silver legions are not.
• 16:33
  They're right. What they're trying to do is
• 16:35
  move the needle. And sometimes when you have a
• 16:39
  real serious topic like silver, you're talking about systemic
• 16:42
  risk, geopolitical risk, the dollar losing, purchasing power.
• 16:47
  It's very sad news. So they try to do so with the
• 16:50
  with some humor, irreverence, and cynicism as a way to.
• 16:56
  The attention of a young stacker, because if this just
• 16:59
  stays with the boomers, what's going to happen when they go and
• 17:04
  the new generation isn't aware of of silver and gold, they're
• 17:08
  just going to get into equity trades and and crypto.
• 17:11
  So this they do have a mission of sort of that's why a lot of
• 17:15
  their means look like video games and stuff like that.
• 17:18
  They're trying. It's a it is a very well
• 17:21
  executed plan. But you had a question, Wall
• 17:27
  Street Silver. Let's say someone was involved
• 17:32
  with the group, involved with the original movement.
• 17:34
  They've been disheartened. What would your message be to
• 17:37
  them? Can they expect transparency?
• 17:40
  That you won't see ads on Wall Street Silver, for example.
• 17:44
  There won't be. If they are, they're going to be
• 17:47
  sponsors that aren't tied to, you know, they're going to be
• 17:51
  sort of more. I hate to say the little guys,
• 17:55
  but I would stay more like boutique industries.
• 17:58
  You know, there's some people out there that are just melting
• 18:01
  their own, doing ham pours, doing things like that.
• 18:04
  So it's not, it's more or less going to be like an I hate to
• 18:09
  use the word grassroots now because that even has a stain on
• 18:12
  it. Let's just say that the
• 18:13
  community will remain true. It won't be a pump and dump
• 18:18
  scheme, you know, commercialized.
• 18:22
  Yeah, I would say that it's been demonetized that you know, and
• 18:28
  let's that way people don't feel like they're just ponds if if
• 18:33
  every day you got up and you were selling, you know, a
• 18:36
  deodorant, a Cologne. Some sort of new sheets for the
• 18:41
  your bedding and all of a sudden Ron's basement turns into Ron's
• 18:45
  garage sale of you know like a QV C channel.
• 18:49
  I think you're pretty soon you would start seeing some comments
• 18:52
  in the field like hey Ron, quit shilling the, you know, Ron's
• 18:56
  windows. These are double pane windows
• 18:59
  with low glazing. Your house feels warmer in the
• 19:03
  winter and cooler in the summer with Ron's windows.
• 19:06
  OK, back to our program. You know you're not doing that.
• 19:09
  It would get a little bit annoying, right?
• 19:12
  Well, you know, I don't have a problem with sponsorships or
• 19:16
  even you know, affiliate programs that are if.
• 19:22
  You vet them, yeah, if you vet them and they don't.
• 19:24
  You know what? You know what the big key is to
• 19:27
  me? Do you eat your own cooking,
• 19:29
  right? Like, I had a sponsor and I'll
• 19:32
  have them again here toward the end of the year.
• 19:35
  A mining company that I'd actually made videos about for
• 19:39
  years before they sponsored me? Okay.
• 19:42
  And I've owned the stock, right? I've owned the stock and what is
• 19:45
  to me, a significant portion of my net worth is invested in that
• 19:50
  company. So do I feel okay talking about
• 19:53
  that company? Absolutely.
• 19:55
  Do I tell people that I don't have a crystal ball?
• 19:58
  And had I had, I, I would have told you a year ago that I
• 20:01
  thought it was a smart investment and you would have
• 20:03
  lost 40% like all mining stocks. Absolutely.
• 20:07
  Right. Full transparency, you know.
• 20:11
  So, you know, I think that that there's nothing wrong with
• 20:14
  people in this business trying to.
• 20:18
  You know, sponsor things and make money.
• 20:20
  But but you know, like you said, have you vetted them?
• 20:23
  Is it something that you have put your own money into?
• 20:27
  Would you put your own money into or are you just, you know,
• 20:32
  selling yourself out for anything that comes along?
• 20:34
  And I think that that there's that there's a fine line there
• 20:37
  to a certain extent. And I understand because I get
• 20:39
  calls all the time. Hey Ron, we'll we'll pay you,
• 20:43
  you know, three $4000 to make a video about this company.
• 20:48
  And then I look into the company, I'm like, well, I
• 20:49
  wouldn't buy that stock in a million years.
• 20:51
  So I'm not going to promote it to my audience, right.
• 20:55
  But it's hard to turn that down because to me, 3 or $4000 right
• 20:59
  now is a pretty good amount of money, you know?
• 21:01
  Yeah, it is for anyone. And right there is a let's say
• 21:05
  that's always tempting. I'm a Ghostwriter for some
• 21:09
  subscription services and. They do pitch you very
• 21:14
  aggressively, you know, but there's things you got to look
• 21:16
  at. You want to see how much cash do
• 21:19
  they have on hand? You want to see how much of that
• 21:22
  do they burn through in a month. That's called their burn.
• 21:27
  That way they're not just raising money than diluting the
• 21:30
  shares. Then you know the other due
• 21:34
  diligence is do are they in a good jurisdiction, let's just
• 21:37
  say we're talking you know, right.
• 21:39
  You know recently Mexico banned open pit mining, but that's
• 21:43
  that's pretty risky right. Whereas there's some I wrote
• 21:49
  about a silver company that had some good or grade in Nevada and
• 21:53
  New Mexico and so those are safer jurisdiction wise then you
• 21:58
  want to look at their management team, have they?
• 22:01
  Been able to because only one in 2000 mines ever make it to the
• 22:05
  market. So you want to make sure that
• 22:08
  even with this discovery do they have the management team and
• 22:13
  business savvy to to bring it to market?
• 22:15
  And lastly, is their geologist worth his?
• 22:19
  Well, I mean you got to have a great geological team.
• 22:22
  So there's so many things these penny stocks in general do not
• 22:26
  have that They just have, you know.
• 22:29
  You got to be real careful. Yeah.
• 22:31
  Yeah, so. What's That's Ron, I think what
• 22:34
  you're saying when you said, would you invest in it or will
• 22:36
  you eat your own cooking is what I like to say.
• 22:39
  Do you have skin in the game, right?
• 22:41
  Is that sure? Yeah, exactly.
• 22:44
  That's a great you know we got we got way off we got way off
• 22:47
  subject because we're we're here to announce the new day at Wall
• 22:50
  Street's over but I want to interject what the heck where
• 22:52
  I'm going to go further off subject on you.
• 22:55
  The other thing that I see a lot of people make a mistake with is
• 22:59
  inside ownership. They'll be a tiny gold mining
• 23:03
  company and they'll say, oh this wealthy individual owns 20% of
• 23:09
  the company or or the CEO owns you know 15% of the stock, which
• 23:16
  is not bad. Okay.
• 23:17
  I'm not saying that's bad, but I think we're people make a big
• 23:20
  mistake is what's more important to me is how much of the CE O's
• 23:25
  personal net worth is invested in the company.
• 23:29
  Because you can have a CEO who owns 25% of the company's stock
• 23:34
  and that might equal $5,000,000. Now that's $5,000,000 is a lot
• 23:38
  of money, but if the guy's worth $800 million, that's a big
• 23:43
  difference between a CEO that has $1,000,000 in the company,
• 23:48
  right? A lot less, but he's only worth
• 23:50
  1.5 million right? He's got 2/3 of his personal net
• 23:54
  worth in the company. I personally would rather be
• 23:57
  with the guy who only has a million in but it equals 2/3 of
• 24:00
  his of his net worth. Anyway I.
• 24:03
  Got that's actually that's relevant because I think we're
• 24:06
  allowed. I think I know you're alluding
• 24:08
  to there's a billionaire in Canada it sounds like, and he
• 24:13
  has, he owns every silver and gold company, a little bit of it
• 24:17
  and they all say. We've got him to invest and they
• 24:19
  all drop the name like well he's in then I should get in too And
• 24:24
  it's just so I got you let's get back to Wall Street Silver I
• 24:29
  really like the way you think the Ron you you said that this
• 24:34
  is just an anecdotal situation that happened to be a very
• 24:38
  popular movement and touched all of our daily routines and social
• 24:42
  media experiences. But if we can weave a take a
• 24:46
  bigger lesson out of it like. Why are we cannibalizing each
• 24:50
  other? You know, why is the infighting?
• 24:52
  It could lead to undermining the very thing we believe in, which
• 24:56
  is honest money. And then why are we tolerating
• 25:00
  dishonesty? So I to me, those seem like
• 25:03
  incongruent themes fighting each other.
• 25:07
  So philosophically, we have to just sort of transcend above
• 25:11
  that and say, let's warn each other or let's do our due
• 25:14
  diligence. Before we just are gullible
• 25:18
  folks and I think your people are savvy and they, you know the
• 25:22
  whole idea. If you don't hold it, you don't
• 25:25
  own it. And it's that's sort of a good
• 25:27
  basic rule of thumb. Yeah.
• 25:29
  Well, I think the issue is we have an industry that likes to
• 25:34
  run around saying look at what the feds doing.
• 25:37
  They're, you know, they're they're, they're good.
• 25:39
  Look at what the government's doing.
• 25:40
  They're, you know, the the, the monetary and fiscal situation is
• 25:44
  horrible and you need to have pure, honest money.
• 25:47
  But then when you peel the covers back, not everybody, not
• 25:52
  everybody, but this, this beacon of, you know, that's supposed to
• 25:57
  be the the safe and the honest place to go.
• 26:00
  There's some, you know, at times monkey business from some of the
• 26:04
  actors going on within that sector and it could just, it
• 26:07
  could really easily undermine the whole movement.
• 26:11
  It's like, hey guys, enough is enough.
• 26:13
  Right. And nobody's perfect.
• 26:15
  And and and there's there's some Gray areas and nuances that are
• 26:19
  involved in this situation. But I mean, you know, if you're
• 26:22
  going to, if you're going to preach one thing, well then you
• 26:25
  need to practice it yourself. You know, it reminds me of this.
• 26:31
  I recently moved to Pittsburgh that grew up in the Southwest
• 26:34
  and there was a school in Albuquerque, NM called Highland
• 26:37
  High. And as it turns out, they were,
• 26:40
  they had started importing a lot of the athletes for their
• 26:44
  basketball team and and football team and these kids were like 2
• 26:48
  years older than all the other kids.
• 26:51
  You know, they've never gone to middle school anywhere.
• 26:54
  They were just sort of. Plucked from different urban
• 26:57
  situations and they dominated, you know, So if you're cheating
• 27:01
  to win a high school basketball championship or if you, it'd be
• 27:06
  like, you know, shooting a bunch of kids on Little League with
• 27:09
  steroids just so they can throw the ball 90 mph.
• 27:13
  You got when when are you going to?
• 27:14
  What can you do that's not corrupt?
• 27:18
  I mean, can we just have some degree of values and morals?
• 27:24
  Without sounding sanctimonious, I mean and what you alluded to
• 27:27
  was is just pure hypocrisy. If you're always pointing the
• 27:30
  finger at Jamie Dimon but then you have in your own little
• 27:34
  cabal and syndicate and do the exact same thing, then that's
• 27:38
  hypocritic. You know that kind of behavior
• 27:41
  is just what's discovered. It's almost like when you when
• 27:45
  some of these Tele evangelists. Went down and inglorious, you
• 27:49
  know, right? Always asking for money.
• 27:52
  Then you see that they got these gigantic mansions and then they
• 27:55
  have like 5 girlfriends on the side.
• 27:58
  You know, it's like, come on anyway.
• 28:01
  Yeah, well, you know, or, you know, I was trying.
• 28:03
  I was thinking like, you know, like the high school
• 28:05
  valedictorian who's the head of the student council and then,
• 28:09
  you know, two weeks before graduation, you also find out
• 28:13
  that she's the biggest pot dealer at the high school.
• 28:17
  I guess pot's not that big of a deal anymore, but, you know,
• 28:20
  it's and it's not. Again, it's not everybody.
• 28:22
  It's not everywhere. But gosh darn it, if we're going
• 28:25
  to preach this is pure money, you know, however you want to
• 28:29
  say it, this is the real, this is honest money, right?
• 28:32
  Well then be honest about it. And the real simple you know, I
• 28:38
  have to shout out to Steven Saint Angelo if he's just.
• 28:42
  He's always been very, very weary of anything.
• 28:45
  He's techn. He's very modest.
• 28:48
  He charges, you know, very little for his service.
• 28:51
  It's just fantastic. And he just, he's always been
• 28:55
  warning people along the way about some of these sorts just
• 28:59
  to to protect the integrity. It's almost like in golf.
• 29:04
  You don't allow your part. You can't say to your partner.
• 29:07
  He's 10 feet away from the Cup going, oh, you don't have to
• 29:10
  putt that, that, that putt's good.
• 29:12
  It's like, it's not fair to the 70 other people that are on the
• 29:15
  golf course at the time playing in the same tournament.
• 29:18
  You got to protect the field that it's that simple.
• 29:22
  And I think and I think the big warning is that if Wall Street
• 29:26
  silver could have evolved into a situation where there was such
• 29:33
  scandal and controversy right that and and and really they are
• 29:39
  the they were I mean they were a pure member driven movement.
• 29:45
  If Wall Street silver could have moved into that arena.
• 29:50
  You know, you know that's like to me that's like like you said
• 29:54
  like the televangelist or what you know or or the OR the high
• 29:57
  school valedictorian. You know, experiencing some big
• 30:00
  kind like we need to be careful and you know I'm I'm excited
• 30:04
  that there's new leadership there.
• 30:07
  I'm looking forward to a new era there and and and transparency
• 30:12
  and in accountability. If you see anything that starts
• 30:16
  to look a little like they're in Dancing in the Gray zone, post
• 30:21
  about it. The first warning signal with
• 30:23
  the with the bad Guys was when people did question it.
• 30:27
  Then all of a sudden they were banned, they were disappeared.
• 30:31
  Yeah, they were censored. Or they were blocked.
• 30:34
  So that would be the first. That's when we knew things were
• 30:37
  trouble for Jimbo and Ivan is when we started seeing that they
• 30:41
  were censoring those. Always the 1st just like we've
• 30:46
  seen recently with you know we'll talk about big tech or
• 30:50
  whatever, what other questions did we that's it.
• 30:54
  Thank you on. Behalf of everyone watching,
• 30:56
  you've got, you know, a keen level of insight and always
• 31:01
  enjoy talking to you John. I appreciate it and hopefully
• 31:04
  we'll see you again real soon. Yeah.
• 31:07
  Great to be with you, Ron. Thank you.