Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨THIS Coin Shop Veteran is SCARED🚨 - Silver Price and Gold Price

Transcript

🚨THIS Coin Shop Veteran is SCARED🚨 - Silver Price and Gold Price · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Silver and gold investors, we have a major update for you
• 0:03
  today. A major warning for you today.
• 0:06
  It's a massive day in the silver and gold market and
• 0:10
  unfortunately not to the upside. We are honored to be joined
• 0:14
  today by our good friend, Coin Shop Chris.
• 0:16
  Coin Shop Chris, welcome to Ron's basement.
• 0:19
  How you doing, Ron? Happy Thanksgiving.
• 0:21
  Yeah, happy, happy Thanksgiving to you.
• 0:24
  I was out looking at your channel.
• 0:26
  I'm going to pull it up here real quickly and I have a
• 0:29
  question for you, Coin Shop Chris.
• 0:31
  I know you've got some warnings, some big news for us.
• 0:35
  There. We are everybody.
• 0:36
  We're a Coin Shop Chris YouTube channel.
• 0:38
  And I scrolled down here a little bit and I saw this right
• 0:42
  in the middle of the screen, silver, not just a warning, but
• 0:47
  a mayday warning. Chris, can you tell us what is
• 0:50
  this Mayday warning for silver and gold investors?
• 0:53
  Well, I was, you know, I was talking to the guy for me,
• 0:57
  India, Iran, he his brother lived in a subdivision down here
• 1:01
  and it's AI want to say really rich, but it's more upper class,
• 1:06
  I would say and in nice homes. And I mean was happened to have
• 1:12
  go in there on a meeting night and with 200 people there and 25
• 1:19
  people came into a shop on a Sunday and we're not open on
• 1:22
  Sundays. And they bought over 48 $1000
• 1:27
  worth of gold in silver. 20 of them, Ron, 20 out of the 25 are
• 1:33
  new stackers. If one if one person can get 20
• 1:38
  people to stack, what you think that's going to do to the gold
• 1:42
  and silver market? I think you need to provide some
• 1:45
  more clarification for our viewer because you, you said
• 1:48
  that, I mean, went to this meeting.
• 1:50
  What did he did he did he make a presentation at this meeting?
• 1:54
  How did this all play out? Absolutely.
• 1:56
  He made about a 45 minute speech about silver and gold, what's
• 1:59
  going on in India, especially what where he comes from and
• 2:03
  people were really intrigued by that.
• 2:05
  Ron, you know what's going over in India.
• 2:10
  We did do a video on that, but I'll just go a little bit on a
• 2:12
  base a little bit on that. I mean, you know, he gives out
• 2:17
  silver in India and he and there's not enough change to
• 2:22
  give back. They just gave him a list, you
• 2:25
  see, and we give back and change on that, you know, on so we can
• 2:29
  get his lunches. You know, a Silver Eagle in
• 2:32
  India will provide him about 60 days worth of food for lunches.
• 2:37
  I mean, imagine that. I mean, $100 bill in India can
• 2:41
  buy you 13 nights at a fancy hotel.
• 2:44
  That's how far $100 in American money can go in India.
• 2:50
  So he, he was talking about that and he, he, he intrigued a lot
• 2:54
  of people and we let. Me, let me get this straight.
• 2:58
  They get there's a man named Amin, and Amin is from India,
• 3:03
  but he's here in the United States.
• 3:05
  His brother lives here, His brother lives in a Upper Crest
• 3:09
  neighborhood, if you will. And Amin went with his brother
• 3:12
  to the Neighborhood Association meeting and talked to 200 people
• 3:17
  that were at the meeting about silver and gold.
• 3:20
  Am I, am I correct on this at this point?
• 3:22
  That is correct. And then what happened?
• 3:25
  Then people starting to get intrigued by it and so Amin came
• 3:30
  to us and told us, you know, maybe we should open on a
• 3:34
  Sunday, do something special for them.
• 3:37
  And exactly that's what happened.
• 3:39
  We did our about 30 minute speech with the people and
• 3:44
  everybody bought, I mean everybody bought something from
• 3:47
  us and it was just amazing to see that 20 new stackers, you
• 3:53
  know, are coming on board. So these are 20 people who had
• 3:56
  never stacked silver or gold, I imagine in the past.
• 4:00
  And because, I mean, went to this meeting, talked to the
• 4:02
  people. Then he convinced you to open
• 4:05
  the shop on a Sunday and you probably had cupcakes and
• 4:09
  whatever, I'm sure soft drinks or whatever.
• 4:12
  But then you wound up converting 20 new people to silver and gold
• 4:16
  stacking, and the grand total sales for this event were
• 4:20
  $48,000. In two hours, I want to make
• 4:24
  that very quick. In two hours.
• 4:25
  I mean, that's a we don't even have a typical day like that in
• 4:28
  their shop most days. I mean, that is huge.
• 4:33
  People are getting scared on. I don't know, I'm not trying to
• 4:36
  fear monger here, but people are waking up.
• 4:39
  I mean, I don't, I do not know exactly what he said in that
• 4:44
  meeting. I, you know, he, he told me some
• 4:47
  of it. I mean, but he was not trying to
• 4:48
  fear monger. He was just trying to explain
• 4:51
  the benefits having silver and gold in your possessions.
• 4:55
  And he and he speaks from his experience, from having grown up
• 4:59
  in India, still basically living for the most part in India, just
• 5:03
  he came here to visit his brother.
• 5:05
  And he and he, he was like, what's wrong with these
• 5:07
  Americans, right? What's going on here?
• 5:10
  Basically saying Americans need to wake the heck up.
• 5:13
  I mean, that's what he's basically saying because India's
• 5:17
  part of the bricks are going to be a part of the bricks.
• 5:20
  And I tell you, he says they're getting away from the dollar
• 5:24
  every single day in India. And if people don't start waking
• 5:29
  up when our dollar dies and goes to Fiat heaven, we're going to
• 5:35
  see a rude awakening in our own country going.
• 5:38
  Yeah, yeah, yeah. Yep.
• 5:40
  So big warning from India. We're getting that from China
• 5:43
  too. I talked to Chinese people and,
• 5:45
  and the Chinese people, I mean, China is in big trouble.
• 5:49
  Their stock market stinks, their real estate market stinks.
• 5:53
  People don't trust banks in China, right.
• 5:56
  They're like a step ahead of the of the US and you know, crypto
• 6:00
  is illegal. I know you love crypto.
• 6:02
  It's a good thing you don't live in China, Chris, because crypto,
• 6:05
  Bitcoin and everything is illegal in China.
• 6:09
  Well, that's fine by me. I mean 'cause I won't stack it.
• 6:13
  I mean, I won't go put money in that.
• 6:15
  I mean, how can you use it without no power?
• 6:18
  And you know, if the Internet goes down, it's useless.
• 6:21
  Yeah, yeah. I mean, well, let's, let's make,
• 6:24
  let's make, let's make believe you're Chinese.
• 6:26
  Can you do that for a second? Make believe you're a Chinese
• 6:29
  man? Yeah.
• 6:29
  I'm not going to try to talk Chinese.
• 6:31
  I got a hard time talking English on.
• 6:35
  We love how you talk, Chris. You're, you're beloved on the
• 6:38
  Internet. Fastest growing YouTube channel
• 6:40
  on the Internet. Anyway, let's say you're
• 6:42
  Chinese, OK, And you have CN¥100,000.
• 6:47
  OK. And are you going to put it in
• 6:49
  the stock market? No.
• 6:51
  Are you going to put it into the real residential real estate
• 6:53
  market? No.
• 6:55
  Are you going to put it into a bank?
• 6:56
  No. Are you going to put it into
• 6:58
  Bitcoin? No, because you'll go to jail.
• 7:01
  So what are you going to put it in?
• 7:02
  What are Chinese people putting their money in?
• 7:04
  Chris, any ideas? Shelby and Gold and buying those
• 7:09
  little gold beads beans and that is what they're stockpiling.
• 7:13
  I mean, I talked to a woman in Maine that she's from China.
• 7:16
  She owns a Chinese restaurant. And if you hit a lot more, I
• 7:20
  apologize, Ron, but she is she is stacking silver and gold
• 7:28
  herself. You know, she's not into the
• 7:31
  stock market, she's not into crypto.
• 7:33
  She's stacking silver and gold because that's what her own
• 7:37
  country's telling her to do, you know?
• 7:40
  Think about this, Chris. There's 330 humans that live in
• 7:44
  the United States of America, OK?
• 7:47
  China and India each have 1.4 billion people, right?
• 7:52
  And both of those countries are over the last 1020 years.
• 7:57
  And as we project into the next 10 or 20 years, the fastest
• 8:00
  growing economy is on the face of the earth.
• 8:02
  And they love gold and silver. Mic mic drop, right?
• 8:05
  I mean, what else can you? Say absolutely, it's all it's
• 8:09
  going to be all about silver and gold.
• 8:11
  I do believe in the more and more people that come on board,
• 8:15
  it's going to wipe out the supply line.
• 8:16
  We've seen that happen before back in March 2023 and that was
• 8:23
  that should have been a wake up call, but people forget what has
• 8:25
  happened back in March of 2023. Now let me remind the people
• 8:30
  that are watching. You could not get your hands on
• 8:33
  silver and gold for about 6 weeks until the golden deals
• 8:37
  were able to ship it to you. And a lot of these online
• 8:39
  bowling deals had to up their prices, not up the price, excuse
• 8:43
  me, up their thresholds to ship it because they wanted the
• 8:47
  bigger orders at the time. They all didn't do it.
• 8:50
  But you know, there's some online bonders did up their
• 8:53
  thresholds or to get free shipping and Pinbacks was not
• 8:58
  one of them though you know, they did not do do that.
• 9:02
  Well, I will make that clear. I'm going to go out to Pembeck's
• 9:05
  website here quickly. Let's do an update on the silver
• 9:08
  and gold price because this is a what we're going to call this a
• 9:11
  live recorded video because you and I are live at 12:23 PM
• 9:15
  Central Standard Time on November 11th, 2024.
• 9:20
  And wow, what do you, what do you make of this move today in
• 9:22
  the silver and gold market? Chris Silver alone is down
• 9:25
  $1.12. Chris, are you there?
• 9:35
  Hold on, Ron. Uh huh.
• 9:37
  I can hear you. Can you hear me?
• 9:40
  I can hear you, but these lawn mowers, I told you these lawn
• 9:42
  mowers are coming. That's all right.
• 9:44
  What do you make of the of the silver price going down?
• 9:47
  Well, look at the time that it happened, right?
• 9:50
  Right this morning, about 8, about 8/05, 8:30 this morning,
• 9:54
  right before the market's open, the commacks crushed the price.
• 9:58
  That is what happened. They do it every morning it
• 10:01
  seems like at the same time, over and over and over again.
• 10:05
  And you know they dislike the monkey hammer everything out of
• 10:09
  it. Yeah, Yeah, it's a, it's a, it's
• 10:13
  a challenging environment. I know if you look at like
• 10:15
  charts of the last two or three weeks, you're right, a lot of
• 10:19
  the mornings it's the the big downturn in the silver price in
• 10:23
  particular when the Comex opens, it's very frustrating.
• 10:26
  I do want to go up back out to channel sponsor Pembex quickly
• 10:30
  and say thank you to Pembex for sponsoring Ron's basement,
• 10:33
  making videos like this possible.
• 10:35
  What they offer you right as a basement dweller, as a silver
• 10:39
  and gold stacker are a couple things.
• 10:41
  Great selection, but I think even more importantly, ultra
• 10:47
  competitive pricing so you can get more metal for your money
• 10:50
  and even most important, a company you can trust.
• 10:53
  So if you enjoy coming down here to the basement, hanging out
• 10:56
  with Ron and coin shop, Chris, please consider, we'll never
• 10:59
  tell you what to do, but consider checking out pin backs
• 11:03
  next time you want to get your hands and some silver, gold or
• 11:05
  platinum group metals. Chris, what do you make of
• 11:08
  what's going on in the 90% market right now?
• 11:12
  90% market for our shop on and I'm getting reports from my
• 11:17
  viewers also is in short supply. Now.
• 11:22
  I do have some viewers saying some of their coin shops have
• 11:25
  buckets full. I think it's what's going on.
• 11:29
  It's very isolated where the short supply is and it's very
• 11:34
  isolated where it's out of stock.
• 11:37
  Overall I'm calling a shortage on 90% silver.
• 11:42
  It's getting to the point where you know we are trying to find
• 11:46
  it our own. Our Boeing dealer line does not
• 11:50
  have any right now, has not had any.
• 11:51
  He, he gets a lot spreads here in there.
• 11:53
  Three $400.00 face value and you don't know what you know.
• 11:57
  Sometimes it's time, sometimes it's quarters.
• 12:00
  The right now what I'm seeing for the most part is Dimes and
• 12:04
  quarters. Dimes be number one, quarters #2
• 12:07
  the half. Dollars.
• 12:08
  Seem to be right now an OK supply, but it's the Dimes and
• 12:13
  quarters all day long. I'm not trying to fear monger
• 12:16
  anybody run as you know, but if somebody wants some Dimes and
• 12:20
  quarters, picks them up folks. How's the time when you are the,
• 12:24
  you're the Fred Sanford of junk silver, the king of junk silver,
• 12:28
  also known as 90%, also known as constitutional.
• 12:32
  So if that's what you're sensing and for me it's probably 90% is
• 12:37
  probably one of the biggest barometers out there in terms of
• 12:42
  overall demand in the in the in the retail silver market.
• 12:48
  So encouraging news from a investor's perspective that
• 12:53
  you're sensing that there's some stress in that market at this
• 12:56
  point. And right just right now people
• 12:59
  might having problem yes and people might have fun fine
• 13:03
  Silver Eagles right now the 2020 fives are coming folks.
• 13:06
  The 2020 fives and the maples are out.
• 13:08
  The 2020 fives from the UK's are coming out.
• 13:12
  It's just going to take about another month or two before we
• 13:14
  see probably about mid January to mid February we will see the
• 13:18
  2025 Eagles come back into stock.
• 13:21
  If people want backdated eagles, buying your best source to get
• 13:27
  them at your best place, they're going to get higher defined as
• 13:30
  we move forward. The 2020 fives, you know they
• 13:33
  will be coming. So I mean we're having Alabama
• 13:37
  dealers out of 2020 fours right now.
• 13:40
  He does have some other backdated stuff in stock, but
• 13:44
  it's random, you know, it's really random.
• 13:47
  Monster boxes right now you can get.
• 13:49
  Yeah, yeah, You know, I, I heard something very interesting about
• 13:52
  the silver market. I want to get your take on this,
• 13:55
  Chris, that I'd never thought of myself.
• 13:57
  And this was from like a panel discussion at the LBMA, the
• 14:00
  London Million Market Association, some convention
• 14:03
  they had over the last month or so.
• 14:05
  And this guy was talking about how how industrial demand for
• 14:09
  silver continues to eat up more and more and more of the silver
• 14:15
  supply. I think they're saying that this
• 14:16
  year industrial demand is going to absorb like 8586% of all the
• 14:22
  world silver production. And, and, and this panel, this
• 14:26
  discussion panel brought up this is really good news.
• 14:29
  And I'll tell you the reason why for silver investors in
• 14:32
  particular, they brought up this point, like when we get to a
• 14:35
  point that industry is completely taking up all of the
• 14:41
  world silver, it's not like the investors are just suddenly
• 14:45
  going to stop buying, right? Like once industries taking it
• 14:48
  all up. He said actually the opposite is
• 14:50
  what will happen. It'll be like a snowball at that
• 14:53
  point. And that's when we'll get even
• 14:55
  more investors coming in. And I thought, I'd never thought
• 14:58
  about that. I thought that was a very
• 15:00
  interesting take and one that absolutely to me seems like the
• 15:04
  most plausible outcome as we move into an environment where
• 15:08
  industry most likely will start to absorb most of the silver
• 15:12
  that's being produced. It's in our daily life, every
• 15:17
  single day. He put every light.
• 15:19
  Switch your solar panels and get solar panels if you haven't
• 15:23
  watched a cut. It's in our medication.
• 15:26
  It's in our clean, drawn, some knows, toothpastes,
• 15:30
  toothbrushes, you the list goes on and on and on.
• 15:33
  But there's one key factor that 2025 might bring us Trump's in
• 15:38
  favor of silver and gold. He's getting the right people in
• 15:41
  his cabinet. If people don't like him, that's
• 15:44
  fine. But this is what we need for our
• 15:49
  people who we vote in office are in favor of silver and gold.
• 15:53
  And I think this will blow up silver and gold to a whole new
• 15:57
  level in 2025. That's my prediction in late
• 16:00
  2024. Remind you, Ron, my win, my fall
• 16:06
  prediction was silver was going to be between 2375 and 2800.
• 16:11
  Well, we passed 2800. My silver prediction for the
• 16:15
  fall months was 28 to 40. We've been in that range all
• 16:19
  fall season long. We still got a month to go, but
• 16:21
  I think I'm gonna hit that silver right on the nose.
• 16:23
  We would trade between those two numbers all fall on.
• 16:26
  Yeah, yeah, yeah. Well, we all, we always
• 16:28
  appreciate your predictions. Chris, I want to bring everybody
• 16:31
  out one more time to your YouTube channel.
• 16:34
  Guys, if you go on to YouTube and type in the search bar up
• 16:37
  here, coin shop, Chris, you'll come here.
• 16:40
  There's some coins you can press subscribe.
• 16:43
  He is the fastest growing channel in the silver and gold
• 16:47
  sector right now and has some really great content.
• 16:49
  So please go check him out. Chris, any parting words for our
• 16:54
  viewers today? You know, I want to thank you,
• 16:56
  Ron, you and your subscribers who've come over.
• 16:59
  I need to thank them all for all they've done for me.
• 17:02
  You know, you've been a big mentor to me.
• 17:05
  Your wife Susie has been a big mentor to me.
• 17:08
  You guys are great. You guys have a great channel.
• 17:12
  You guys both work your butt off.
• 17:15
  So I mean, you, you got to be commended, Ron.
• 17:18
  I mean, I mean, a lot of good feedback from your channel, Ron,
• 17:22
  on my channel. It's great to see people love
• 17:24
  you, Ron. So.
• 17:26
  People, all of you. Yeah, well, people, people love
• 17:30
  you too, Chris and you've been working very hard.
• 17:32
  You deserve all the great success that you're having at
• 17:35
  this point. And thank you for your for your
• 17:37
  kind words. I also want to mention thank you
• 17:40
  to my other channel sponsors, of course Pembex, the online
• 17:45
  bullion dealer we talked about earlier, but we also have First
• 17:48
  mining gold, Canadian gold developer with two multi million
• 17:51
  ounce projects in Canada, gold in the ground in Canada and
• 17:55
  Fortuna Mining. They're an operating mining
• 17:58
  company, silver and gold being mined in Latin America and an
• 18:03
  expanding gold operation in West Africa.
• 18:07
  You can learn more about any of the sponsors at the links, which
• 18:11
  I will include in the description of this video coin
• 18:14
  shop. Chris, as always, thank you.
• 18:16
  Thanks for your great stories and your insights into what's
• 18:19
  going on in the market, and we will look forward to seeing you
• 18:22
  soon. We'll talk to you soon on thank
• 18:25
  you so much. I hope you have a wonderful
• 18:27
  Thanksgiving holiday. Thanks, Chris.
• 18:29
  You too. Bye, bye.
• 18:30
  Bye. Bye.