Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **ALERT** NEW DAY for Silver Price and Gold Price -- CPI, Federal Reserve

Transcript

**ALERT** NEW DAY for Silver Price and Gold Price -- CPI, Federal Reserve · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Congratulations, silver and gold investors.
• 0:03
  Are we on the cusp of a new day? We very well could be, because
• 0:08
  this morning we got massive news that will have a big, major
• 0:12
  impact on the price of silver and gold as we head into the
• 0:16
  coming months, right. We don't have to talk about
• 0:19
  years. We can talk about months now,
• 0:22
  weeks now and into 2024. These bold predictions from many
• 0:27
  of the top banks that we could see $2500 gold next year.
• 0:32
  My prediction $2600 gold silver. Forty $45 per oz, maybe even
• 0:40
  higher could come to fruition because of what we learned this
• 0:44
  morning, or at least what we were told about the inflation
• 0:49
  numbers. There's two goofy, weird things
• 0:52
  that we're going to talk about when it comes to inflation.
• 0:55
  The numbers that are reported and how that impacts the value
• 1:00
  of your silver and your gold. Thank you so much for being
• 1:04
  here. Please give this a thumbs up.
• 1:06
  That helps get the word out to more and more people and it
• 1:08
  makes me feel warm and fuzzy. Let's dive right in.
• 1:13
  Let me let me give you the headline story.
• 1:15
  What we got this morning about CPI from Zero Hedge unexpectedly
• 1:20
  misses. So the inflation missed this
• 1:24
  morning across the board. OK, core inflation lowest in
• 1:28
  over 2 years. Now we're going to talk about
• 1:31
  why this is so critical for the precious metals prices.
• 1:35
  Following two months of hotter than expected prints.
• 1:38
  The October CPI print was expected to slow material
• 1:43
  materially from the previous month, even if core was expected
• 1:47
  to remain unchanged at 4.1%. What we got however was a miss
• 1:52
  in CPI across the board with both headline and core prints
• 1:58
  coming in below expectations. Inflation as it's reported to us
• 2:04
  from our government is lower than expected.
• 2:07
  That's the key take away from this, OK, below expectations on
• 2:12
  both a sequential meaning month over month and an annual basis
• 2:18
  meaning when you compare it to where inflation was last year
• 2:22
  starting with headline CPI, it came in at 3.2% below 3.3%
• 2:27
  expected. The month over month also missed
• 2:31
  expectations printing unchanged. So they're claiming that
• 2:34
  whatever you bought in the month of October cost you exactly the
• 2:38
  same as what it cost in the month of September.
• 2:41
  OK, a similar picture emerged on the core CPI where the October
• 2:47
  month over month print was .2, blah blah blah.
• 2:50
  Year over year managed to drop from 4.1% all the way down to
• 2:55
  4%. Why is this a big deal for
• 2:59
  silver and gold? Well let me just let me go off
• 3:01
  on a bit of a tangent here. Let's remember, year over year,
• 3:05
  in October of just last month of 2023, you were paying according
• 3:11
  to your government. OK, according to your
• 3:13
  government, you were paying 4% more for everything that you
• 3:16
  bought in October of this year versus October of 2022.
• 3:21
  Doesn't that beg the question? Why do prices have to go up?
• 3:24
  Susie and I were watching something on TV last night and
• 3:28
  they were. And there was this woman talking
• 3:29
  about how we want to have 2% inflation.
• 3:33
  And that guy, Kevin O'Leary, who I I'm sorry, I just don't really
• 3:36
  like him, was talking as well. And they're like, we need to
• 3:39
  have inflation. And I asked and and somebody
• 3:42
  said, well, why can't prices go down?
• 3:44
  Because that's what Americans want, is like prices to go back
• 3:47
  to where they were two or three years ago.
• 3:49
  And they were like, Oh no, that's bad, that's bad, that's
• 3:53
  horrible. We don't want that.
• 3:54
  We don't want that to happen. And I said, why not?
• 3:57
  Why the heck not? What's wrong with prices going
• 4:00
  down? As a matter of fact, and I'm not
• 4:02
  a historian or an economist, but from what I understand, back
• 4:05
  when the United States was on the gold standard, when we were
• 4:08
  building what became a great country on the gold and silver,
• 4:12
  our money was based on gold and silver.
• 4:14
  Just like it says in the US Constitution.
• 4:17
  Prices did go down because as people the the the money held
• 4:21
  its value. And as people made progress and
• 4:24
  found more efficient ways to do things like build tractors and
• 4:27
  plows and you know, the IT everything became cheaper none
• 4:33
  the less. I digress.
• 4:35
  Let's get back to what's going on.
• 4:36
  Let's get back to reality. Right.
• 4:38
  OK, Right now inflation is slowing.
• 4:42
  Now, you may be confused and I understand, right, because we're
• 4:46
  always taught as a gold. Haven't you always been taught
• 4:49
  as a gold and silver investor that gold and silver, they
• 4:53
  protect you against inflation, so high inflation would be a
• 4:57
  good thing? Well, we live in a reversal
• 5:00
  world over a long period of time.
• 5:03
  Absolutely. I was looking at some statistics
• 5:06
  comparing silver in 1964 to silver today and what it bought
• 5:11
  and gold and silver in a long term basis absolutely will
• 5:15
  protect you against inflation against devaluation of currency.
• 5:19
  However, on a short term basis, right right now with the make
• 5:23
  believe, crazy upside down world that we live in, lower inflation
• 5:30
  is actually good for the price of silver and gold.
• 5:33
  And that's the news that we got today.
• 5:35
  Why is that? Because that signals that the
• 5:39
  Fed can start to be a little bit more loosey goosey with their
• 5:43
  monetary policy. They can.
• 5:45
  They can, you know, need to stimulate.
• 5:47
  Now that's the reverse world that we live in.
• 5:50
  On a long term basis, your silver and gold are going to
• 5:53
  maintain their value and help you accumulate wealth or
• 5:59
  accumulate value without losing purchasing power.
• 6:03
  Let me have a sip of coffee. Thank you guys for being here.
• 6:05
  Don't forget, please give this a thumbs up.
• 6:07
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• 6:10
  please? I need to learn some stuff and
• 6:13
  the only way we learn is from each other.
• 6:15
  So please leave a comment in the comment section.
• 6:18
  That would be much appreciated. I almost choked on my coffee.
• 6:29
  I told you guys you could. Hey, thank you, Craig, for the
• 6:31
  Super chat. You guys get to watch me
• 6:33
  deteriorate over time. Live here in the basement.
• 6:37
  Hey, super Chats are always super appreciated.
• 6:39
  Never expected. But the support does go a long
• 6:42
  way. So we we're dealing in this fake
• 6:44
  world, upside down world right now where this lower.
• 6:47
  It's a new day because of the general market consensus that
• 6:52
  the feds done OK. I saw it.
• 6:54
  All the top analysts now are saying that with this low CPI
• 6:58
  print, the Fed is done raising rates.
• 7:02
  I've been saying that I'm not Tooting my own horn and I
• 7:04
  haven't been proven right. They could raise rates at their
• 7:06
  next meeting, but it's looking more and more likely that the
• 7:10
  Fed is done. Why?
• 7:12
  Why? Because the low inflation
• 7:14
  numbers, right? Even though we don't trust the
• 7:17
  numbers, we know they're not accurate.
• 7:20
  But if that's what they're pointing out, what they're
• 7:23
  saying is the economy is slowing down, OK, they are killing the
• 7:29
  economy. And what that's gonna require is
• 7:32
  some loosening, some stimulus. Remember Stimi, right?
• 7:36
  The market is addicted to needing more and more stimulus.
• 7:40
  And that's gonna come. We are moving into an era.
• 7:45
  Like I said, it's now not years in the future.
• 7:49
  It could very well be right now for silver and gold investors,
• 7:53
  the next coming weeks, the next coming months where we're going
• 7:56
  to see true price discovery, true value discovery for the
• 8:01
  value of the precious metals. So on the news this morning,
• 8:05
  what happened? Right, low inflation, the US
• 8:07
  dollar in relative terms, right, the DXY index went down.
• 8:12
  OK. The 10 year bond yield went down
• 8:16
  and when those two go down, the price of silver and gold go up.
• 8:21
  Now, what we need to be concerned about, I'm going to
• 8:25
  warn you, here's a stern warning, because what they're
• 8:30
  going to do, what we're going to see, most likely in the next
• 8:33
  couple weeks, 3 weeks, we're still going to have are Fed
• 8:37
  governors. You know the way the Fed works,
• 8:39
  right? Like once a month they meet and
• 8:41
  they have their monetary policy decision.
• 8:43
  The next one will be be coming up probably in like the next
• 8:47
  four to five weeks, A week before that they have a quiet
• 8:51
  period where they can't talk. But right now we're in a talking
• 8:54
  period where they roll out the clown show is what I like to
• 8:58
  say. We're all the little Fed
• 8:59
  governors. I think there's twelve of them.
• 9:01
  We have one here in Saint Louis. There's one in Kansas City.
• 9:04
  There's one in San Francisco. There's one in Philadelphia.
• 9:06
  You get the point. They all go to these fancy
• 9:09
  luncheons and they give speeches and then they're going to start
• 9:12
  talking, continue to talk hawkish.
• 9:15
  We still have a close eye on the, on the, on the inflation.
• 9:19
  And you know, it may require, they'll say things like it may
• 9:22
  require more aggressive monetary policy in the future.
• 9:26
  They're going to keep talking guys.
• 9:29
  What's critical What's critical is to look at the facts, Okay,
• 9:34
  and to not listen to the Fed. Don't listen to the Fed.
• 9:39
  Watch the Fed. You can turn your your computer
• 9:43
  on mute. Okay.
• 9:44
  You can but listen to me because I love having you here in the
• 9:47
  basement, right? It's a big deal you're here, but
• 9:50
  watch what the Fed does. And what the Fed is doing is
• 9:53
  getting very, very scared. People were saying Jerome lost
• 9:57
  is cool. He said the F word during AIMF
• 10:01
  roundtable discussion just a few days ago because some protesters
• 10:04
  came in and the top. Some of the top analysts said
• 10:07
  it's showing the stress that he's under right now.
• 10:11
  Things are looking very dicey in the US economy.
• 10:15
  The fact that we've got low. Yeah, yeah, sure, sure we have.
• 10:19
  Supposedly right now there's a place called Shadow Stats that
• 10:22
  puts out the real inflation numbers but supposedly from the
• 10:26
  Bureau of what are they called the Bureau of something, Labor
• 10:30
  and Statistics. The BLS.
• 10:32
  We have this low inflation because they've killed the
• 10:37
  economy. We can look, we don't have to
• 10:40
  look any further. Use your eyes, use your ears,
• 10:42
  use your, your, your, your, your your feet.
• 10:45
  I'm getting Are you getting more and more like offers in your
• 10:49
  e-mail every day? You know, I sign up for like,
• 10:53
  different little restaurants or whatever.
• 10:54
  I have the apps on my phone and I'm getting all these buy one,
• 10:57
  get one free. Those were not coming in a year
• 11:00
  ago, right? We know the car situation.
• 11:03
  We know auto dealers are in huge, huge trouble right now
• 11:09
  because nobody can afford new cars.
• 11:11
  People don't have the money. Look no darn further.
• 11:15
  Look no darn further okay than the shipping railroads.
• 11:19
  Volume down. The trucking industry we've
• 11:22
  covered that at in depth is in a deep, deep recession.
• 11:26
  We've heard from top leaders this is real data.
• 11:29
  This isn't stuff from some ivory tower in Washington, DC where
• 11:33
  they say, oh, here's the statistic for you, my friend.
• 11:35
  No, the real data is slowing. That would coincide with lower
• 11:41
  inflation. But remember, I'm not going to
• 11:43
  get Jerome out. But Jerome is in a box.
• 11:45
  He's going to be faced with this issue of a slowing economy, just
• 11:51
  when possibly. And they don't even really have
• 11:54
  inflation. It's still up 4% year over year.
• 11:56
  He's going to need to stimulate the economy and and that's going
• 12:00
  to drive inflation. It's turning into a doom loop
• 12:03
  just like the darn doom loop that we have with the national
• 12:07
  debt that's growing and growing and then interest rates are
• 12:10
  still significantly high right there.
• 12:13
  It none of this works. What does work are silver and
• 12:17
  gold. Now I think just to talk about
• 12:19
  the price briefly before I before I take your questions
• 12:24
  right now, right 1950 gold, we talked about this consolidating,
• 12:30
  building a base and it's been going on now for what, 3 weeks
• 12:35
  Silver at 2250, we know from a technical perspective silver
• 12:40
  needs to get to and through $24.00 per oz.
• 12:45
  From there, it can rise next year into the end of the
• 12:48
  following year 2024-2025, right. I think we can still see $65
• 12:54
  silver, and there's a whole. I'm doing another live stream
• 12:58
  here at 9:00 AM Central. There's a whole other set of
• 13:01
  circumstances particular to silver from a demand
• 13:05
  perspective. New information that is mind
• 13:08
  blowing, absolutely mind blowing.
• 13:11
  Hey, before I forget, if you want to get your hands on some
• 13:14
  silver gold, check out Pinbex, PIM, bexpinbex.com.
• 13:20
  I love to say that online bullion dealer.
• 13:24
  Check them out, put them in the mix.
• 13:26
  When you're looking to buy some bullion compare prices right.
• 13:30
  Read reviews. I think you'll find what I
• 13:32
  found. They're trustworthy and they
• 13:34
  have the best prices. They check all the boxes.
• 13:38
  The gold price at 1950. Right now guys, we are putting
• 13:42
  and we are consolidating. Think about it for like 3 weeks,
• 13:46
  OK? Now look, I don't have a crystal
• 13:49
  ball, don't make any financial decisions based on anything that
• 13:53
  I say. But what I see happening right
• 13:55
  now with the gold price, does this make sense to you?
• 14:00
  Anyone who wanted to sell, who wanted to get out of gold, who
• 14:04
  thought I'm done, I'm if it gets back up near 2000, I'm done, I'm
• 14:08
  getting out, They've already sold.
• 14:10
  So we've built all, a lot of the sellers are gone.
• 14:14
  We've built this strong base from which we can go to 2100 and
• 14:19
  when we get to 2100, I'm telling you, lickety split, within two
• 14:23
  months we're going to have 2524 hundred 2600, maybe even higher
• 14:30
  if we get some other factors. If we get a little luck, we
• 14:33
  don't need luck, Okay at this point.
• 14:36
  But the extra bonus kicker, right, Because you know how life
• 14:40
  goes. Sometimes things just fall into
• 14:42
  place. If we do get some luck and we do
• 14:45
  get some additional confluence of additional factors, who knows
• 14:50
  how high, Remember $3000 gold? I mean that was like a year and
• 14:55
  a half ago. We had places like Citibank
• 14:57
  talking about gold going to 3000 per oz.
• 15:00
  Don't forget the central banks are still buying gold.
• 15:04
  It's a little, just a few of us Westerners, your neighbors start
• 15:09
  to buy. The move could be unbelievable.
• 15:12
  So be prepared this week and next week for some little bit of
• 15:16
  hawk talk. Hawk, Hawk, right.
• 15:19
  Those Fed governors, they put them out.
• 15:20
  It's like the clown show. They send them out, they're
• 15:23
  going to be, they're going to be talking hawkishly.
• 15:25
  We might hit a few bumps, but the low inflation numbers are
• 15:29
  absolutely positive news right now for the value of silver and
• 15:37
  gold. Hey guys, I'll be back on live
• 15:38
  at 9:00 AM Central. In the meantime, why don't you
• 15:42
  go check out www.ronsbasement.com.
• 15:46
  If you register there and it's real easy to do.
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  It's like registering for any website, right?
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• 16:00
  There's a great article out there this morning from
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  ourfriend.com. Don go check that out.
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  right? We are raising a family on this.
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  But what's even more important is that we get some thumbs up.
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  It looks like that. Go ahead and press it and I'll
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  ring that bell 10 times and then I'm going to go to the comments
• 16:43
  while we while we wait. Hello, Craig Edmonds.
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  Hello, Jake. Thank you for being here.
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• 16:50
  Guys, thank you. And type 6 in the comments to
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  say thank you to the moderators. They make this happen.
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  They're great guys. Get them in Ron's basement.
• 16:59
  Yeah. Speaking of inflation, several
• 17:01
  deductions. But Bob, for live.
• 17:04
  Yeah, I just went live. This was, hey, Ricky's House of
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  crap. We only need four more thumbs
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  You guys were in the basement together right now.
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  It's like our club, right? Yeah.
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  We got we need two, we got two, we got it 10 rings of the bell.
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  That's one ring of the bell for each ten thumbs up.
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  You guys have a great day. If you if you want to torture
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  yourself some more come back to the basement here in about 20
• 17:41
  minutes for the regularly scheduled live stream.
• 17:45
  I just wanted to hop on and talk about, I was so excited about
• 17:48
  what's going on right now with silver and gold and the CPI.
• 17:52
  Take it easy. I'll see you soon.
• 17:53
  Thank you for being here.