Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🌟SILVER🌟 You Best LISTEN to This! 🦍🦍 (Gold Price Also)

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🌟SILVER🌟 You Best LISTEN to This! 🦍🦍 (Gold Price Also) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:04
$30 silver, We're going to talk about that right off the bat,
0:08
but is the dollar going to zero? We're going to hear what a
0:12
billionaire is telling us. And he's warning, I think it's
0:16
sometime in the next 10 years that the dollar could go to 0.
0:19
Again, this is a billionaire. We're also going to talk with
0:24
our good friend Oren the silver Hermit, who's going to tell us
0:27
all about the new silver squeeze and what it could mean for the
0:33
world. There's some big, big news
0:35
embedded in what he's going to share with us today.
0:38
But first let's jump over. Let's just start talking right
0:41
off the bat about who is telling us that we could be in for $30
0:46
silver. This comes from our friend Niels
0:48
Christensen over at Kitco. The silver market is
0:52
undersupplied, which will drive prices above $30, yada, yada,
0:58
yada. We've heard that all the time.
1:00
But who's saying this now? A&Z, which stands for, I believe
1:04
Australia, New Zealand Bank. I know it's an Australian, New
1:08
Zealand bank. Let's just go through a couple
1:10
of the key points. OK, volatility is picked up in
1:14
the precious metals market. Yes, we know that.
1:17
But one new trend is emerging as the silver market wakes up and
1:22
starts to outperform gold. In a report published Monday,
1:27
commodity analyst at A&Z said that silver has significant
1:31
potential, even after hitting solid resistance at 2990 on
1:36
Friday. Do you remember Friday?
1:38
I remember Friday. Wow, it seemed like we were
1:41
heading off into the stratosphere with the silver
1:44
price only to be beat down by those nasty manipulators at the
1:49
Comex in the LBMA. Hey, if nothing else, when they
1:52
beat it down we can always blame it on manipulation.
1:56
But let's talk about why they're so interested about and about
2:01
silver, because it says along. Let's highlight this for you so
2:05
you can follow along along with this role as a monetary metal.
2:09
Hines said that he expects silver to outperform gold as an
2:16
industrial as industrial demand picks up and supply remains
2:21
constrained, quote slower mine production growth.
2:25
And we know that's the case guys.
2:27
There is very little silver coming online in the next 10
2:30
years and very little in the pipeline in regards to
2:35
exploration and development. And strong industrial demand
2:40
suggests supply is lagging demand.
2:43
What does that mean? This will keep the market in a
2:46
structural deficit, an upturn in the electronic cycle and
2:50
potential demand growth from the solar sector potential.
2:54
Have you seen all this big news out the last few days?
2:57
People tearing apart the latest data from the Silver Institute?
3:03
Guys, there is a massive, massive demand coming through
3:06
right now for silver from the solar sector.
3:10
Why do you think India imported 70 million oz back in February?
3:16
OK, anyway, demand growth from the solar sector bodes well for
3:20
for silver's industrial consumption, the ANZ analyst
3:23
wrote. And under an undersupplied
3:26
market, leaves room for further withdrawal of above ground
3:30
inventories with the London Million Market Association.
3:34
Yeah, Guy, That's what's been going on for the last, what,
3:38
four years, Like 500 million ounces of silver have been
3:42
withdrawn. The demand for silver has way
3:45
outstripped supply. This has been going on for
3:48
several years now and I'm hearing numbers as high as 400
3:51
million to 500 million oz have been sucked out of the above
3:57
ground inventories and that can't last forever.
4:00
Nobody knows for sure. Anyone who tells you exactly how
4:03
much above ground supply there is is lying to you.
4:06
But we do know one thing for sure, it's not limit, it's not
4:10
limitless right. It's finite.
4:13
Think about that, there is an above ground stockpile of
4:17
silver. It has been being drawn upon for
4:20
the last two or three years. That we know is a fact.
4:24
We don't know exactly how much there is, but we know that it's
4:27
shrinking and we know that the rate of shrinkage is only
4:31
anticipated to increase multi year low stocks along with
4:35
negative market balance warrant higher silver prices.
4:40
OK. So thank you to our good friend
4:44
Neils over at Kitco for that enlightening article about
4:47
silver. Once again, more and more
4:50
evidence that the amount of silver, right, the demand for
4:53
silver is going to far outweigh supply and we're in for some
4:57
good times. I see our friend Oren is now in
5:00
the studio. So we're going to get to him in
5:02
just one minute. Remember guys, we're going to
5:04
talk about The Silver Squeeze, and Oren has some really cool
5:08
insights he wants to share with us.
5:10
This guy, in my opinion, is one of the top notch emerging Silver
5:16
analyst out there. But first, let's have some fun.
5:19
You know something's wrong with the education system.
5:22
They aren't teaching these kids about real money, right?
5:25
They teach them about dollars, paper money, Unicorn.
5:29
You don't know what, Dust and whatever.
5:30
So look, I have a new computer I'm using today.
5:33
I'm trying to use some new technology.
5:35
I'm going to do my best here to play.
5:37
This is hilarious, but but embedded within this and Susie's
5:43
going to let me know if you can hear it.
5:44
Embedded within this is a very, very powerful story that has
5:51
everything to do with Silver. So I'm going to hit play and
5:54
hopefully run watch this twice because I'm not going to be able
5:57
to talk. I'll be laughing so hard.
6:15
Watch it one more time. I don't hear it.
6:23
OK, All right. Well, OK, guys, sorry about
6:29
that. What the little kid said is
6:31
Jaden has $1.00 bill, 1/4 and two pennies.
6:34
How much money does Jaden have? And the kid says Jaden doesn't
6:37
have any money. He's broke.
6:40
So here's a dollar bill, here's a quarter.
6:43
OK And here's 2 pennies right here.
6:46
Paper money, right. And some change.
6:49
What we need to teach that little guy is this, if this if
6:53
your quarter that Jayden has is a 1958 quarter like this one,
6:59
which was given to me by my good friend the Silvershire, right at
7:03
at the current rate there's there's .715 ounces of silver in
7:08
each $1.00 of change 1964 and earlier, all right.
7:14
That's about $20 worth of silver.
7:16
That means we got to tell that little guy this quarter, if my
7:20
math is correct, is worth about $5.00.
7:23
So I'm sorry you couldn't hear the audio.
7:26
I'm still trying to figure all this out.
7:27
But really a funny. I'll try to put a link to that
7:30
in the in the notes to the show. Hey, we've got Oren joining us
7:34
right now. We're going to bring him on.
7:36
Hopefully I'll be able to hear him hold on.
7:39
His mic is unmuted and I'm going to add him to the stage.
7:44
Oren Hello. How do you do?
7:46
Good. How do you do?
7:48
I'm fine, thank you. What?
7:50
What do you think of that little?
7:51
I don't know if you saw that little story, that little guy
7:54
we're trying to teach him, if he had.
7:56
A Yeah, he's right. He understands money.
8:01
We're trying to teach him. So Oren is from the YouTube
8:04
channel The Silver Hermit, and he's got a great story.
8:09
He wants to share with us today about The Silver Squeeze and and
8:13
what it could mean for the world.
8:16
Right. There's a lot, a lot going on in
8:18
the world right now. And Oren, welcome to the
8:21
Basement. Thanks for being here.
8:23
What do you got for us today as? Always.
8:26
So I I made a video, my a new video, which talks about the
8:32
idea of a silver squeeze. But you know, usually when we
8:35
talk about the silver squeeze and people participating in a
8:38
silver squeeze and they're thinking about their own
8:42
financial situation and how they can benefit from the the price
8:46
of silver rising. And what I wanted to do is to
8:50
show people that by squeezing the price of silver and turning
8:54
it into money again re monetizing it, they can actually
8:59
save the world. They can actually fix a lot of
9:02
the problems that we're suffering from today and and
9:06
today with you, I want to focus specifically on, on the
9:10
possibility that a a silver can can prevent war and actually
9:17
lead to World Peace. Now I know, I know it sounds far
9:22
fetched. I know it sounds, you know, very
9:25
optimistic, but I'm telling you it can be done and there's
9:30
there's logic behind it. It's not completely crazy.
9:34
No and and and or and I want to throw in it's not completely
9:37
crazy and you aren't the only person who in the last month or
9:41
so has mentioned to me and I've read it also that that if you
9:46
back money with with with gold and silver there's there's
9:51
history has shown us that the amount of water that goes on
9:56
goes down dramatically. So I'll I'll give you the the
9:59
the stage is yours, Oren. OK, so let's think a bit about
10:04
the current monetary system that we have today.
10:07
The Fiat monetary system deals with elastic money.
10:12
What does it mean that it's elastic?
10:13
It means that the money supply can expand to whatever size the
10:19
government wants or whatever. Like if there is a customer, if
10:25
there's a bank that wants to give loans, they can give loans
10:28
to any extent. There's no limit on the amount
10:31
of of of credit that can be created and the amount of of
10:36
money that can be generated in the system.
10:40
And that's as opposed to a sound money system which is based on
10:46
gold or silver or both, which puts a limit on the amount of
10:51
credit that can be generated. That's that's called an
10:54
inelastic monetary system. And of course in a Fiat monetary
11:00
system, the government can pretty much spend as much as it
11:04
wants. All it needs to do is just
11:09
borrow money and and if the public doesn't want to buy its
11:14
its its bonds, then the central bank can do that.
11:18
And by by buying government bonds and monetizing them.
11:25
It's monetizing the debt and it's creating, of course,
11:28
inflation. So the public needs to pay for
11:31
those deficits. But theoretically the government
11:35
can spend all that it wants. And I argue that among other
11:39
thing, it also promotes war because.
11:43
So, so let me let me, I'm going to interject and ask you a
11:46
question so if this is clear for our viewer as well.
11:50
So if if the system is backed by silver and gold, if if the
11:54
government wants more money to let's say go to war, they need
11:58
to get more silver and gold to pay for it correct.
12:01
Whereas. Under a sound monetary system,
12:05
yeah. Well, the government needs money
12:09
in order to pay for the war, and money is silver, and if there
12:13
isn't enough silver or gold, depends on your system, then it
12:17
can't go to war. There's a limit on the amount
12:19
that it can spend. Now, of course, the government
12:23
has a budget, right? So it can decide, OK, so for
12:29
instance, I'm going to, I want to go to war, so I'm going to
12:31
cut entitlements in order to fund a bigger army or fancy
12:37
weapons. But then you get an outcry from
12:42
the people because their entitlements are cut.
12:45
Right now we have what we call guns and butter, the ability of
12:50
the government to go to war and still go on paying people their
12:55
entitlements. Yeah, so, so, so I wanna, I
12:58
wanna interject here, 'cause that's a great, I never thought
13:00
about that. That's a great point.
13:01
If we were on a sound money system right now in the United
13:04
States, wanted to go off on a wire, let's say in Afghanistan
13:08
or the Middle East or Europe or wherever, they would have to go
13:12
to the American public and say sorry, we're cutting your Social
13:16
Security and think about what the reaction to that would be.
13:20
People would go crazy and you don't want to go to war.
13:23
Suddenly Americans would become anti war.
13:26
Yes. Suddenly it's it's going to
13:28
become a very hot topic political topic and and suddenly
13:34
politicians are constantly being being will be asked what are you
13:39
doing in order to prevent war so that we we have more resources
13:43
to invest here at home. Yeah.
13:45
And and and the point is that under a sound monetary system,
13:53
the government has to balance its budget.
13:55
Otherwise all its gold or silver reserves simply flow out, flow
14:00
out of the country and eventually ends up without any
14:04
gold or silver. And it can't operate at all.
14:06
So there's like this limit on the amount that it can, that it
14:11
can spend and specifically also on war.
14:13
So I'm saying that if we can squeeze silver and I'm arguing
14:18
that by squeezing silver we can actually re monetize it, we can
14:23
bring it to the point that it becomes money again.
14:26
We can actually take away from our government the ability to
14:30
conduct endless war. I also want to say that there's
14:33
it's not a coincidence that the the century of Total War, the
14:37
20th century, coincided with, you know, the era of Fiat
14:41
currency. Yeah, yeah.
14:43
It sure feels like since 1971 in particular.
14:47
And I know a big part of the reason why Nixon temporarily
14:51
took the United States off the gold standard, a big part of the
14:54
reason for that was to to to subsidize then the Vietnam War.
14:59
But it seems that subsequent to that, all we have seen is war
15:03
after war after war after war. And, you know, I want to throw
15:06
something in there because I know you're joining us from
15:08
Israel. War, we're talking about human
15:12
beings and human lives, right? I mean, so on the I think the
15:17
big picture that this idea that sound money, some people may
15:23
call it God's money, nature's money, whatever can help
15:26
prevent, and it's been proven over time to prevent war is a
15:29
big, big deal because gosh darn it at the end of the day we're
15:33
talking about human lives. And if anything can be done to
15:37
foster in an environment that's more peaceful, hey me, I I'm in
15:41
favor of it. Yeah, so of course I, you know,
15:45
I'm here in Israel and we are in the middle of a brutal conflict.
15:51
I I don't want to get too much into it but but it's of course
15:54
people understand we've been attacked by Hamas in Gaza and
15:59
there are still people they they were taken hostage.
16:05
There are still over 130 hostages being kept there and
16:10
we're trying to get them and and of course you know tremendous
16:15
amount of people were killed in that attack and no I think no
16:19
self respecting government could tolerate such a thing.
16:23
So this this conflict was I I I hope people understand it was
16:28
imposed on us. We did not choose it.
16:31
Israel has always wanted peace has has was always willing to to
16:36
make concessions for the sake of peace.
16:38
And you know, there are many people who are who accuse my
16:42
country of being, you know, the culprit the the bad guy in this,
16:45
in this situation in the Middle East.
16:48
I'm not going to get into that discussion.
16:50
But I do believe that if for instance we had just a few days
16:55
ago a massive attack from Iran that luckily did not manage to
16:59
hurt many people. There was only one casualty
17:02
thankfully and not a lot of damage and but countries such as
17:10
Iran, it's not just that if we manage to re monetize gold and
17:15
silver. I don't think it's it's just
17:17
going to be the US that that that won't be able to go to war.
17:20
It will, it will, it will affect any every government in the
17:24
world. It will also affect Russia.
17:26
It will also affect China. It will also affect Iran.
17:29
So I I think all governments in the world will have to restrict.
17:37
There are, there are expenses on military, there are military
17:42
expenses. And eventually I think it's
17:45
going to result in in in a more peaceful world, let's put it
17:51
this way. Yeah.
17:52
And who doesn't want a more peaceful world?
17:54
Because I mean, right now look at what's going on in the world.
17:57
Obviously, we have the situation that you're, you're living
18:01
through in the Middle East. We have war in Europe, right,
18:05
with Russia in Europe right now. I mean we have a a a powder keg
18:10
type situation, or at least that's what the American media
18:13
is, is leading the American public to believe a powder keg
18:17
situation with China and Taiwan. And there's and there's
18:21
rumblings of North Korea, South Korea erupting as well.
18:26
I mean, it's hard to point at a place on the globe where there's
18:29
not some type of major war or geopolitical conflict and who
18:34
needs all this, right? And I think what's what's cool,
18:37
Oren, what's cool is you talked about it on a worldwide basis.
18:42
There's definitely a trend right now.
18:45
And I think the basement dwellers would agree with this.
18:47
And I've talked to many guests who confirmed that this is
18:50
happening that on a worldwide basis there's a big trend toward
18:56
the re recognition of silver and gold as like the base of money.
19:03
And is that you know is that continues to grow.
19:06
And I think you alluded to this when you were talking is this
19:09
base of countries that are recognizing the value of re
19:13
recognizing the value of silver and gold that never really went
19:16
away. But is that number grows, it
19:18
will force by default the other countries, if they want to play
19:22
ball right in the world economy, to either directly or indirectly
19:27
recognize the value of silver and gold as well.
19:31
That's an interesting point, you know because I've been following
19:34
this space for for years and and there was always this question
19:39
if if China doesn't want to live under the the dollar as the
19:43
world reserve currency, why doesn't it just back its
19:46
currency with gold And then the Chinese Yuan would would
19:49
instantly become more powerful and and and would become
19:53
eventually the the replace the dollar and and why didn't China
19:58
do that or why doesn't Russia do that?
20:01
Because there there were rumblings about Russia backing
20:04
the the the ruble with gold and eventually that didn't happen.
20:07
It it was only for a very short while.
20:10
And my answer is that those governments don't want to do
20:13
that because that would tie their hands as well.
20:18
Yeah they they don't want only to replace the dollar.
20:23
They they also they want to. To become the ones who issue the
20:28
Fiat currency which is the global reserve currency.
20:32
They they want to take the place of the United States that that
20:38
the privilege which the United States currently has now.
20:41
And so they always had that choice but by by taking away the
20:47
power from the US government they would also be tying their
20:51
own hands. So This is why I think they
20:52
never did that. But if there's pressure from the
20:56
market, if there's pressure from the people, now that's a whole a
21:01
whole different thing. Like we as the people, we can
21:05
force them to do that. We can leave them no choice.
21:09
Now in my video, I I try to describe how I imagine the
21:13
process of a short squeeze and you know, it's it's, it's
21:18
unimaginable how much power average people such as us have
21:26
when the market is tight because we can tip the scales.
21:30
Yes, when there's very little gold and silver out there to
21:33
buy. So our increased demand can tip
21:37
the scales from a simple deficit into a complete shortage of
21:42
silver across the world. And and then you know it will
21:48
trigger a chain of events the the Comex will default, not
21:53
really default because it can't really default.
21:55
All it can do is force people to settle their their trades in
22:00
cash. But that is enough because that
22:03
is going to be an admission that there is a global shortage of
22:06
silver. And and next I imagine large
22:09
consumers of silver will get will panic and they'll start
22:13
buying all all, you know, emptying every inventory, every,
22:18
every warehouse across the world.
22:20
Because they they're suddenly going to understand that they,
22:23
they, they, they can't get any silver from the COMEX and that
22:26
that there is shortage and there is danger that they won't be
22:29
able to get it anymore. And this is what I really think
22:33
will trigger the short squeeze, force the banks to close their
22:37
short positions and then you're going to see this huge spike in
22:40
the price and and the manipulation of the price of
22:44
gold and silver will will end effectively because let.
22:49
Let let me let me ask you a question, Oren.
22:51
So the silver price has been pretty good lately, right?
22:54
We're you know what, let me run out.
22:56
I'm gonna, I'm gonna talk here and pull some things up.
22:58
I'm gonna run out to my channel sponsor pin backs and let's get
23:03
an update here on the silver price and gold price as live as
23:07
we're recording. OK, so silver's at $28.41 right
23:12
now as we're recording gold up almost 20 dollars 2382, but the
23:17
silver price has been very strong lately.
23:20
Obviously a few people are telling me the gold price has
23:24
been really strong as well, but you know silver was what, $22.00
23:31
it feels like. I don't know what 7-8 weeks ago
23:33
from 22 to $28.00 and what excites me, what I see as a
23:39
potential for a silver squeeze or a rapid increase in the
23:46
silver price as measured in paper.
23:48
US Fiat dollars could be a return of the western investors.
23:54
That as Rick Rule says many times Rick Rule will say, you
23:58
know silver doesn't have to be loved to skyrocket.
24:01
It just needs to be a little less hated.
24:03
And I want, I want to pull up a chart for us to look at here.
24:07
Can you see that on your screen? Right now.
24:09
OK. So that's a chart of the iShares
24:12
Silver Trust, the SLV, we don't like the SLVETF, but it's the
24:16
good proxy for kind of western silver investment In the red
24:21
line is the silver price. The blue line or the blue shaded
24:25
area is the holdings of the SLVETF.
24:30
And you know if you look back to around the time where the silver
24:34
squeeze happened, it had what was that about 18,000 metric
24:39
tons, maybe 20,000 metric tons and it's darn near down to let's
24:45
see here I can get the number for us.
24:47
I thought it would give me that number about 13,000 right now.
24:51
What if, what if Western investors stop hating silver so
24:55
much, just hate it a little bit less and we start to see inflows
24:59
into these ETSI know Andrew McGuire talks about he, you
25:04
know, he's he's said that, you know it may not be years away
25:08
but it could potentially be months away.
25:10
Yes, I agree with you and this is exactly what I meant when I
25:14
said that you and I and and the people who are listening to us,
25:18
we can tip the scales because the market is tight.
25:21
There is. There already is a deficit.
25:23
There's been a deficit for a few years and above ground
25:27
inventories are being drained and all it needs is just a
25:32
little push for it to tumble down.
25:34
And you know and for us to be able to squeeze silver because
25:38
you know price they say is set at the margin, so we can be the
25:42
margin right. We are.
25:45
We are. Hey, basement dwellers, hold on.
25:47
I'm going to ask everybody to do something if you want to be part
25:50
of the margin. Oops, I can't type type margin
25:53
in the comments. Sorry, Oren.
25:56
So I wanted to tell everybody, look, I'm part.
26:00
I was one of the first few guys who you know in Wall Street
26:05
Silver community in Reddit and I'm also part of the Silver
26:09
digit club again a forum on on on Reddit and we are you know
26:17
the community with the headbent on squeezing silver and and we
26:22
feel that the the the situation the conditions are right in
26:26
order to try it again because you know in in 2022 it failed it
26:31
was excuse me 2021 excuse me early 2021 there was there was
26:37
an attempt and there was you know everybody just you know
26:43
bought silver but it it wasn't enough the conditions weren't
26:48
right apparently it was premature but now I feel that
26:54
you know sometime has has gone by the deficit is is getting
26:59
worse more more and more people are noticing it we the price has
27:03
broken out as far as I'm concerned according to my
27:06
analysis the the the trigger was 24.5 and I was and I was
27:11
following that that level because according to my
27:14
technical analysis that was that was the level in which it it can
27:17
really take off and and he did this is exactly what happened.
27:21
So look, we have the momentum right now.
27:24
We can, I feel it's my opinion that we can do it.
27:28
So of course it's it's not financial advice, but I think
27:33
that that your listeners can can help, they can join and and we
27:38
if we all do it together then we can not only take care of
27:44
ourselves financially but perhaps make the world a better
27:47
place. And you know, on my video, which
27:51
I called The Silent Revolution, really like that name because,
27:55
you know, it happens. This revolution can happen
27:59
without any demonstrations or protests on the street.
28:03
And you, you don't have to run for office.
28:06
You can do it from the privacy of your own home and participate
28:09
in this revolution. And and I, and I, and I want to
28:11
mention this because that you you you prompted a thought in my
28:15
mind. The way that people can be part
28:18
of this is obviously number one, to buy silver, #2 it and nobody
28:25
ever talks about this, But unless you absolutely have to,
28:29
don't sell silver. I can.
28:31
I can look you all in the eye, including you, Oren, and all the
28:34
600 people that are joining us right now and say I have never
28:38
sold an ounce of silver in my. Life.
28:41
Me either. I never sold an ounce.
28:43
Yeah. And but I also want to bring up
28:46
a point you talked about the previous Silver Squeeze in 2021.
28:50
You know, if and when another squeeze type situation occurs, I
28:55
do feel that the Silver Investing community now three
29:00
years later is much more robust than what we they were great
29:04
people. But it was kind of like a flash
29:06
where a bunch of people said, Oh yeah, I want to get involved in
29:08
this. And you know, now it feels like
29:10
there's a a more solid, robust group of people behind the
29:16
Silver movement. And I know the guys at Wall
29:19
Street Silver and the Silver Desian Club and all the members
29:22
there. I mean these are some really
29:23
good high quality people. And and I also want to throw in
29:28
'cause you talked about, you know, we are the margin.
29:31
I had AI had a discussion with an executive for one of the big
29:35
online bullying companies and he he basically said the same
29:38
thing. He said you have to realize that
29:40
the online retail bullion that is just like a like a a pretty
29:44
slim little layer of the of the total silver demand, We've got
29:50
great demand from industry. We have great demand from China.
29:54
We have great demand for silver everywhere except with the, you
30:01
know, there's it's been muted within the Western, the the
30:04
United States. And I'll just call myself out,
30:07
'cause I'm sitting right here in the middle of the country in
30:09
Saint Louis, like my my comrades here in the United States, not,
30:14
not the basement dwellers, right?
30:16
We're awesome. We love our silver, we love our
30:18
gold. But our, our neighbors are have
30:20
yet to catch on. They're starting to.
30:23
No doubt about it. No, I mean, they are starting to
30:26
catch on. And we're seeing that, you know,
30:29
obviously with the Costco thing that everybody's tired of
30:32
hearing about, you know selling out of Silver Eagles, selling
30:35
out of Canadian Maples. So you know, I think it's, I, I
30:39
think it's, it's really possible and I appreciate your work and
30:44
your thoughts on the subject. Warren.
30:46
Yes. Well, I I can understand people
30:49
who were demoralized by what happened last time that, you
30:52
know, they were hoping and praying for this to happen and
30:55
they bought a bunch of silver and it didn't happen.
30:58
The the price went back down the the the the banks were able to
31:02
tamp it down. The CFTC look the other way.
31:06
You know, you know the whole story but you know it's going to
31:12
happen eventually and and if not now, then when?
31:16
If not now, when we are on the brink of, God forbid, World War
31:21
3. Then when we have to give it
31:23
another chance, we have to give it another chance.
31:26
I feel, I feel in my bones that now is the time.
31:30
I hope that I'm right and I'm not just misleading people, I'm
31:33
just telling you what I truly believe.
31:35
Yeah, yeah, let's run out. I'm going to put you on the spot
31:38
about something too, Oren, but I want to show everybody your
31:40
channel. Here it is, guys, on YouTube,
31:42
The Silver Hermit. And here is an interview he did
31:49
with. I just called him the King from
31:51
the Silver Dijon Club and Wall Street Silver.
31:55
But I want to ask you a question about it and a video you just
31:59
put out says both. Exciting.
32:03
Oh, darn it. Both exciting and frightening.
32:06
Can you give us a a, you know, an elevator pitch on what this
32:09
video is about? That's that's just a discussion
32:12
that I had with another guest of yours the Mountain Bullying
32:16
Entertainment we had We had an interview when when the price
32:21
just broke out and I took a few bits of that interview and I
32:26
compiled it into into a video which speaks about what the
32:31
meaning the significance of this breakout in the price of gold
32:35
and silver. And also there's a few tips
32:37
there about how you should treat the whole thing and if you
32:42
should sell, when you should sell and how you should view the
32:45
whole thing. Also a bit of our prospects to
32:47
the future, how high the price can can go the the go to silver
32:51
ratio we we talk about its history.
32:54
So there's a lot of interesting interesting things there in this
32:58
video. Well then I have a question for
33:01
you, Oren. I'm gonna put you on the spot
33:03
again. When should I sell my silver or
33:06
how should I sell my silver? I'm not asking for, I'm not
33:09
asking you for financial advice, but but sure to hear your input.
33:13
The answer is that there is no specific price in which you need
33:17
to sell. Why?
33:19
Because you you. As I explained in that video,
33:23
there is no boundary on the price of gold and silver because
33:27
of course the more the more inflation you have the higher
33:31
the price can go. So and and if God forbid we
33:36
reach this situation called a hyperinflation, then the price
33:40
can really, you know, it can really jump in leaps and bounds
33:46
and and what people should do there is a set of indicators
33:51
that they should fall. Perhaps I'm going to do a video
33:53
about that. They need to compare the price
33:57
of gold and silver to other commodities.
34:00
For instance, compare it to the the average price of a of a home
34:05
or to the price of oil. And of course have a look at the
34:08
gold to silver ratio. There is a set of indicators
34:12
that would tell us if the silver is becoming overpriced.
34:18
And then perhaps you need to think about converting your
34:22
silver, preferably not to Fiat money, right?
34:25
Preferably to some tangible some real assets such as real estate
34:32
such, or perhaps convert some of your silver to gold.
34:35
We can discuss this at length but the the point is that you
34:40
need to be aware of what is going in the entire economy in
34:43
in the in the commodity complex in order to tell it's it's not a
34:48
straightforward answer and and just because for instance if you
34:51
see the price of of of silver going to $100 doesn't
34:54
necessarily mean that you need to sell it because perhaps it's
34:58
on its way to 1000. And of course it depends on the
35:01
situation, it depends on the conditions in the market.
35:05
So I I I'm hoping among other things to to teach people how to
35:10
how to that do that, how to gauge what is going on around
35:14
them. But but I can tell you that
35:16
we're very, very far from from that point and it could take
35:21
years, years before we we get to that point.
35:24
Right now still the price of silver in my view is very cheap,
35:28
still very, very cheap. Still we we haven't even
35:32
crossed, we haven't even crossed the the, the, the 2020 high,
35:37
right, not not to mention the 19, the the 2011 high and the
35:43
1980 high. Come on we haven't even set a
35:47
new all time high for the price of silver.
35:49
So we have a long long, long long way to go.
35:52
We we could be sitting here in two or three years or perhaps
35:56
even five years and and still be talking about when the price of
36:00
silver becomes too expensive and I.
36:05
Mean. Into a you know, a full-fledged
36:09
bull market, of course. Five years from now, right?
36:11
We'll be five years older and five years more handsome.
36:15
But I can just imagine you and I sitting here now.
36:18
I I can imagine you five years from now or?
36:21
I'll tell you one thing, we're going to have a lot more
36:23
viewers. That's that's for sure.
36:26
We're going to have a lot more viewers because because the
36:29
public is going to, you know, the moment the price moves.
36:32
Yeah, I got something interesting.
36:33
I'm going to show everybody in one second in regards to what
36:36
you just said. But I but I can just envision 5
36:39
years from now, of course, right?
36:41
We'll be five years wiser, a lot more viewers, all that good
36:44
stuff. But I can just hear you saying,
36:46
guys, silver at $300.00 an ounce is still cheap.
36:50
You know it could. Be It could very well be a lot
36:53
of people. A lot of people can't grasp that
36:56
concept and they, you know, they're like.
36:58
Oh, I want to tell you something now.
37:01
Now I remember when I first heard about silver and the year
37:04
was something like 2000 and and 10 perhaps or 2009.
37:10
And I first heard, I saw this video on YouTube of a guy saying
37:14
that he thinks that one day the price of of silver is going to
37:17
go to $1000. And I was laughing, what is this
37:20
guy's crazy and and it it it, it amazes me that nowadays I'm the
37:26
one who's saying that the silver could go to quadruple digits.
37:31
Of course, with enough inflation it can go to $1000 or over
37:36
$1000. I got, I got a guy right here, a
37:39
billionaire. Now he made his billions on
37:41
Bitcoin, but his name is, where's his name here?
37:44
Tim Draper. He says sometime in the next
37:47
seven years, this is a billionaire.
37:49
I think that we will have a cataclysmic event, he said.
37:55
Quote I hope everybody who's watching this is trying to at
37:58
least have some. And then he says the B word,
38:01
'cause he's a but you I I'll substitute silver or gold in
38:05
there so that they can feed their family during the time
38:08
when the dollar goes to zero. OK, now I'm not calling.
38:11
I'm trying to scare everybody. The Sky's falling.
38:13
You know, I'm not one of these. The dollar is going to go to
38:16
zero in the next year or seven years.
38:17
But this is a billionaire kind of saying that it could.
38:21
So if the. Dollar all I'm saying look I I
38:23
can't guarantee anything to anyone but I I can't tell people
38:27
I'm only asking people to keep an open mind about this
38:31
possibility and and to have that that some somewhere in the back
38:35
of their mind that we could see there is it's it's the the the
38:39
the the probability is bigger than 0 the the dollar will
38:43
collapse. Talk to the people in Venezuela.
38:46
Talk to the people that live in Argentina.
38:49
Ask nothing. How how high the how high the
38:52
look. It there's a huge difference
38:54
between a local currency collapsing and the global
38:57
reserve currency collapsing. It's not the same thing.
39:00
There are mechanisms which are enforcing which are which are
39:04
giving strength to the dollar due to a foreign demand.
39:08
OK. The the question is when do
39:11
these mechanisms stop or start working in reverse and when do
39:16
all these dollars come back home?
39:18
As you say all the chickens come home to roost.
39:23
Right now we only have regular inflation, we don't have a
39:28
hyperinflation. But I'm trying to get people
39:32
ready and and to educate people how to tell if they suddenly
39:37
transition, if we suddenly transition into hyperinflation
39:41
and what should they do in such a situation.
39:43
Because it's very dangerous because if you do the wrong
39:46
thing in such a situation, you can lose everything.
39:50
Well and and it can happen quickly right, like the tables
39:53
set the the the general you know fiscal monetary, political,
39:58
geopolitical situation that the US dollars in right now it could
40:02
just take. And we already have an inflation
40:05
problem. It could just take one thing,
40:08
right, One Financial crisis, one Black Swan could be the catalyst
40:13
that could set off. I mean we had 20% inflation back
40:17
in what 2022 in this country, our, our, our 71st.
40:22
I think it was Larry Summers, 71st Treasury Secretary of the
40:24
United States, came out recently and said the real inflation rate
40:28
during that period wasn't 9%, it was more like 18 or 20%.
40:33
So it's just going to take, you know, one little thing the table
40:36
set right. I mean they could, they could
40:40
send things spiraling. Let me put.
40:42
It this way, Let's put it this way, that if the the our
40:46
leaders, world leaders wanted to get the hyperinflation a global
40:51
hyperinflation, I can't imagine what they would do differently
40:55
than and what they're doing right now.
40:58
All right, good point. Let me, I'm going to tell you
41:01
what more this Draper guy who's a billionaire, right?
41:04
Or whatever that anyway, he predicts that the US dollar will
41:08
go the way of the Confederate dollar after the US Civil Civil
41:12
War. Excuse me, eventually becoming,
41:15
quote UN quote, completely worthless and triggering bank
41:19
runs. I'm just telling you what this
41:20
guy said. He says, quote, There will be a
41:22
moment in time, and I don't know whether it's a day or a month or
41:27
maybe over the course of two months or something, but I don't
41:30
know when it will start, whether it'll be a year or five years or
41:33
whatever, maybe even 10 years out, But it will happen very
41:37
rapidly. Yes.
41:39
And and I'll tell you why it's going to happen very rapidly
41:42
because as opposed and by the way that's something that my
41:47
friend Rafi Farber also talks about, but I I share his views
41:51
on that other countries. When a local currency for
41:56
instance in Venezuela or Zimbabwe collapses, then the
41:59
locals have the US dollar or the euro to to fall back upon.
42:04
They have there is a Fiat currency which is relatively
42:08
stable compared to their local currency.
42:11
So they they start transacting in dollars or start saving in
42:15
dollars or in euros and and so the hyperinflation can can
42:20
persist for for a long while and the government can go on, you
42:24
know, expanding, expanding the money supply again, again,
42:28
again. And it can, it can go on for
42:30
years, a very excruciating process.
42:33
But if the dollar ever collapses, then there is no
42:37
other currency to fall back on. There is no other Fiat.
42:40
Yeah, there is. Hold on, Oren.
42:42
I don't agree with you, Oren. OK, there is another.
42:47
Well, I I I do agree with you. I hope you know.
42:50
That please don't take the SDR. No, no.
42:54
What what? What the world can fall back on
42:56
in that situation are silver and gold.
42:59
Right, yes, right. I mean, it's not the Fiat
43:01
currency. I know.
43:03
So you're right. I'm wrong.
43:04
You're right. But.
43:05
The hyperinflation is very quick and and very painful and and
43:10
very sudden and and the goal collapses and and then you go
43:15
back to gold and silver. But The thing is that when that
43:19
happens, it's going to be too late to get them.
43:21
Right, right. Because because think about
43:24
this, going back to the Silver Squeeze and I had a great
43:29
conversation with Jordan, Roy Byrne, super smart guy, super
43:33
smart analyst and I've heard, I've heard several other people,
43:36
this is exciting about Silver. Think about the situation that
43:40
we're in now or in right now, 2024.
43:45
OK. And how different because of
43:47
technology that a Silver Squeeze could occur or silver shortage,
43:52
whatever you want to call it, a massive price because of two
43:55
things. Communications happen so much
43:58
more quickly, right? It's like when we had the
44:00
banking crisis a year ago, people, people were able to, you
44:04
know, learn about it and drain money out of their bank accounts
44:08
because of technology on their phone.
44:10
I mean, you and I right now during the course of this, this
44:13
interview could have, you know, drained our bank accounts and
44:16
bought monster boxes worth of silver, right?
44:19
So now compared to 1980 when silver hit $50 per oz in $1980,
44:26
which is the equivalent of like $160.00 an ounce today.
44:30
But none the less, in 1980 you talk to the people that were
44:33
alive during that that silver squeeze, I guess we could call
44:37
it. There were lines out the door of
44:40
the coin shops around the corner.
44:43
Most people couldn't even get into the coin shops right to buy
44:46
their silver. Today.
44:48
It's waiting up and and and and news flowed much more slowly
44:51
back then. Today we've got this instant
44:53
communication right with the Internet and our phones.
44:56
But even more important, all the silver out there at all these
45:01
online bullion dealers, and we've seen this happen, can be
45:04
drained in the matter of hours. Yeah, right.
45:09
You know I'm I'm smiling because I was writing about this
45:12
possibility as far back as 2013 on my articles in Hebrew.
45:17
I was I was speculating whether due to all the advanced
45:21
communications that we have and the ability to to trade on your
45:25
on your cell on your cell phone that you're we're going to see
45:30
the bubbles emerging quicker and quicker and and you know that
45:34
the bubbles will be able to to develop and and and the and the
45:38
collapse in the span of of hours perhaps even minutes.
45:43
I was, I was just trying to to extrapolate what I was saying
45:49
back then and and I think crypto is that I think this is exactly
45:54
what we've seen in crypto. We've seen prices rising and
45:57
falling. It's such a crazy pace with such
46:01
a huge volatility and and yes I agree with what everything
46:05
you've said we're living in a different era.
46:08
People are able to buy gold, silver, everything, oil, iron,
46:13
ore from from their from their phone.
46:17
They can do it during the lunch break, they can do it even in
46:21
during a transatlantic flight and and everything is connected.
46:26
Everything is happening real time.
46:29
Also you need to remember during the 1980s there was a huge chunk
46:34
of the world which was behind the Iron Curtain.
46:37
You had Russian, the Russian citizens, Chinese citizens, they
46:42
weren't able to participate in buying gold or silver.
46:45
It was strictly the West, specifically here in the United
46:51
States and and now it's the entire world participating And
46:56
and you know back in the day perhaps Western leaders could
47:00
could call upon their citizens to to, you know, relax, sit at
47:04
home, don't buy gold and silver. But now nobody's going to take
47:08
that seriously because we know that people all across the world
47:12
are doing that, doing it. So if American citizens won't do
47:16
it, then Chinese people will do it.
47:18
So it's going to be just just first come first, Sir.
47:24
Yeah, it's crazy. And and we're getting reports
47:27
now, my friend John Little. That's over the Silver Academy.
47:30
thepickaxe.com published this great article a few days ago
47:34
that I mean the Chinese are buying gold, both their
47:38
government and the citizens at like unbelievable rates right
47:43
now. But now he had some reports that
47:46
came directly from China that that are saying that the Chinese
47:49
media which is controlled by the Chinese government is starting
47:53
to encourage the citizenry to buy silver as well.
47:57
And we know over on the Shanghai Gold Exchange and the Shanghai
48:00
Futures Exchange, the Oriental ghost on on X.
48:04
Everyday it seems like puts out this report that shows the price
48:08
of silver in China is like two or three dollars an ounce higher
48:13
than what it is on the COMEX and the LBMA who's I mean you know
48:17
these arbitrage guys are just sucking the silver out of the
48:20
West and moving it to the east. Yes.
48:23
And we can you know, speculate about the meaning of this.
48:28
But and you know perhaps the Chinese government has decided
48:32
to weaponize silver against the US government.
48:35
Everything is possible. I don't know.
48:37
I'm not. I'm not a family on the wall
48:39
there and then in their in their meetings there in the in the
48:45
Communist Party of of China. But we we don't need to
48:50
understand what what exactly is going on.
48:53
We just need to to to identify the trend and and you know do
48:58
our part like if we believe that squeezing silver will improve
49:02
the world then go ahead do it not just for yourself but.
49:06
Imagine or in imagine imagine, imagine a world where where
49:10
middle class people in any country worked and were paid
49:15
money that didn't actually lose value.
49:18
You know, I mean, isn't that that's just such a strange
49:21
concept? You know that they were paid
49:23
paid money and it didn't. It maybe it even went up in
49:25
value if you didn't spend it, if you, you know, sacrificed and
49:29
didn't go out and immediately spend your money, that it
49:31
actually went up in value. I mean, wow, what an idea.
49:35
Yeah, that was the allure of Bitcoin.
49:37
That's that's why people, you know, started speculating on
49:40
Bitcoin. But I think that Bitcoin is
49:42
inherently flawed. I think I don't.
49:44
I think that Bitcoin cannot replace gold and silver.
49:47
This is why I never bought Bitcoin.
49:49
I never went that route. I always stayed with gold and
49:52
silver because that's what my my logic and conviction told me to
49:57
to stick with with precious metals.
50:00
I want to tell you one more thing because look on my video
50:04
which I mentioned earlier, I I describe other social problems.
50:10
I won't go into detail, but I'm just going to tell you I think
50:13
that there are many, many social problems which are plaguing our
50:17
society nowadays which are all tied to the Fiat monetary
50:22
system. And I know it sounds amazing.
50:24
I know it sounds far fetched. But as I explained there, there
50:30
are many, many problems that we're suffering from today that
50:32
are somehow linked to the ability of governments to create
50:37
money out of nothing and use it for all sorts of programs which
50:41
are distorting the economy and are, you know, robbing us of the
50:47
purchasing power of our money. Yeah, yeah.
50:50
Oh, yeah. No, I mean when the government
50:52
has is faced with the choice, are we going to, are we going to
50:56
raise taxes or are we going to print money?
51:00
It seems like at least over the last several decades, the choice
51:03
is simple. We'll just print some money,
51:05
right. We won't raise taxes, we won't
51:07
and and it creates a lot of issues.
51:09
Oren, on behalf of all of our viewers, it's been so great
51:14
having you here today. I want to remind.
51:16
Everyone, as usual. Yeah well you know you're always
51:19
you're my you're you're my friend and you know I know our
51:23
friend Brian Mountain bullying Entertainment.
51:26
Another great guy. A lot of us out there.
51:28
You know working to spread the word about silver and gold for
51:32
that matter. I do want to remind everyone if
51:35
you want more Oren, right. You've probably been sold on
51:38
this guy. You've listened to these very
51:40
smart things that he said You can go to his YouTube channel
51:44
the Silver Hermit. Oren take care of yourself.
51:47
Thank. You thank you very much.
51:49
Yep. You're welcome.
51:50
I'll see you soon, buddy. Thank you.
51:52
All right, guys. There we have it.
51:56
I love Oren. A very smart guy was just, you
51:59
know, has a, a, a, a, a a great ability to understand and
52:04
communicate to us, right? Because we're all different.
52:06
I've talked about that many times with our basement
52:09
community. Like, right.
52:10
That's what how we can help each other by communicating, you
52:14
know, And somebody threw up a comment earlier that I wanted to
52:17
to comment on and I'm unfortunately I forgot to do it
52:20
while Oren was still on. But it got me thinking of what
52:23
Thomas Jefferson said in regards to this idea that silver and
52:28
gold can actually usher in long periods of peace in the world.
52:33
And Thomas Jefferson said that the biggest threat to the United
52:36
States is not an invading army, but of central banks and large
52:41
corporations. And I think, you know what, what
52:44
we're seeing happen today is possibly a manifestation of
52:48
that. And it's OK that we say that
52:50
because that was Thomas Jefferson, OK?
52:53
That's what they they taught us in school, right?
52:55
Hey, let's go look at $3000. Let's go look at $3000.
53:01
You know what? First, let's say thank you to
53:04
our channel sponsors. We already went out to Pimbeck's
53:07
website to check the silver and gold price, but you can get a
53:10
lot more on their website. You can get gold, silver,
53:13
platinum, metals, the bars, coins, you name it right, they
53:19
have it all. And you can also get the best
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prices and the best service all from a company that you can
53:29
trust. But I want you to find that out
53:31
for yourself. Do your own due diligence.
53:32
I'll never tell you what to do or or give you financial advice.
53:40
However, hold on a minute. Oh, I will do the gong.
53:44
Yes, I will do the gong. So check out pin back.
53:48
Sorry I'm stumbling all over the place and I always appreciate
53:52
you guys dealing with me here in the basement as we work our way
53:54
through these financial, our technical problems.
53:59
Let's go and I will do the gong. But I want to talk about quickly
54:04
$3000 gold. What does that mean for silver?
54:07
What does it mean? City, right says gold is
54:10
shining, quote, UN quote bright like a diamond.
54:15
This is on #1. This is City saying this.
54:18
Number 2, this is being covered on CNBC.
54:23
Guys, we are in a new era. Can you can you do you agree
54:27
with me? I see that we are in a new era
54:31
for the silver price and the gold price.
54:34
Let's go down real quickly. They say gold price continues to
54:38
rally. We've got these tensions in the
54:40
Middle East. Gold notched another record
54:44
close on Monday at 2383 per oz. I want to read just one quote
54:49
they put out here. The quote they say quote.
54:52
The recent Gold rally has been aided by geopolitical heat and
54:56
is coinciding and now I can't read that with record equity
55:01
index levels, City wrote in a note dated April 15th.
55:06
This all happened in the light of the, I don't buy it, I mean
55:09
we saw a bit of a spike but you know the big run up in the gold
55:15
and silver price weren't really event oriented spikes in my
55:21
opinion. They were fundamentally based
55:24
sure over the last let's say week or so we may have had a a
55:27
geopolitical kicker that kind of came in a little kicker to kick
55:31
it a little higher but but to me it was a different rally that we
55:36
that we said here we go we project 3000 ounce of gold over
55:39
the next 6 to 18 months. OK, well, city we you're
55:45
becoming a Ron's I want to thank.
55:46
All the Super chats that came out today thank.
55:51
You OK? OK.
55:53
Susie, you want to say hi to everybody real quickly?
55:57
Hi everyone, Thank you for being here today.
56:01
And and thank you everyone for the Super chats.
56:03
That's our friend Susie. All right, let's go back here.
56:07
Let's also let's also remember to say thank you to 1st Mining
56:12
Gold if you're interested in a connect.
56:14
I won't. I'm going to ring the Gone
56:16
Canadian Gold Development Company.
56:18
Check out First Mining Gold at firstmininggold.com.
56:20
And of course our good friends at Fortuna Silver, silver and
56:24
gold miner with five operating mines, three in Latin America,
56:29
two in West Africa. You can learn more about them at
56:32
fortunasilver.com. Let's ring the gong your
56:35
favorite part of the show, guys, Right.
56:38
We got 300 thumbs up. Wow.
56:40
Thank you for the thumbs up. If you haven't given this a
56:43
thumbs up, please give it one right now.
56:45
Let's ring the gong three times. I'm going to do it, Susie yelled
56:48
at me. Then I got to tell you a story
56:50
about what happened when I got done with the live stream
56:52
yesterday. It was not good.
57:00
Don't forget you got basement dwellers.
57:02
We need to smile when we ring the gong.
57:06
So I get done with the live stream yesterday, and I hear
57:08
this buzzing noise, right? And I got all kinds of stuff
57:10
plugged in and I'm like, what is buzzing in the basement, right?
57:13
And I look up and I see this giant bee hovering above me in
57:19
the basement. And I thought, oh great, we got
57:21
a we got a new basement dweller amongst us.
57:24
I called him Jerome. Anyway, and I thought I got to
57:29
get rid of this thing, 'cause the cats come down here, the
57:31
kids come down here, Susie comes down here.
57:33
And I don't want this big bumblebee to bite.
57:36
Susie, I spent. I'm not kidding guys, 'cause
57:39
this basement's a wreck. As you can probably see, I've
57:42
rafters stuff hung in the rafters.
57:44
I'm I've, I've got issues right? But anyway I spent 1/2 hour like
57:49
for the 1st 15 minutes and I thought you ever had that happen
57:52
in life. I'm like, I'm not going to give
57:53
up. I'm going to get this BI had a
57:55
book and I'm tall and I'm like I'm going to whack him and he
57:59
just would not stand still so I got him drunk.
58:03
Finally I thought I need to spray him with something and I
58:05
was too lazy to go upstairs and get the bug spray.
58:09
But I had this little squirt bottle that I have rubbing
58:11
alcohol in that I used to clean screens on the phone and the
58:14
cameras and all that. So I I got finally I got
58:17
somewhere where I could get him and I sprayed him with some
58:19
alcohol and that really made him mad.
58:22
He actually bounced off my glasses at one point, but then I
58:25
got him again with a little more out, sprayed with a little more
58:28
alcohol and he kind of slowed down a little bit.
58:31
So I figured, yeah, he no longer is alive.
58:34
And then I'm thinking, oh, my gosh, maybe there's a bee's nest
58:37
in the basement. But the good news is I've not
58:39
seen any more Jerome bumblebees showing up since then.
58:43
What else do we have today? Let's go.
58:45
Do you want to talk about, you know, Oren's talking about this
58:49
potential for a silver squeeze. Do you think, do you, let me ask
58:53
you, do you think we could see another squeeze?
58:55
If you do, I want you to type. Squeeze SQ you I'm typing it.
59:01
EE CEI do especially with the technology communications,
59:07
instant purchasing of silver. I think that we could definitely
59:11
see another silver Squeeze, but are we actually seeing, I can.
59:16
Look, I'm going to give you a little insight behind the scenes
59:20
at Ron's basement about why I think that we're seeing a
59:24
growing level of interest in silver and gold.
59:27
When my views go up on the channel, it usually coincides
59:31
with a period of increased interest in silver and gold.
59:36
I'd like to think it's because of my boyish good looks and the
59:39
quality of the content. But hey, let's be real.
59:43
I'm going to show you a report that I have that'll give you a
59:46
little insight into what's going on.
59:49
This is a screenshot from the YouTube Studio app, which is the
59:54
app that I get to use to kind of track things on the channel and
59:59
do all kinds of crazy stuff. Anyway, that doesn't matter.
1:00:02
This is the last 28 days and that's views on the channel.
1:00:07
As you can see it kind of got you know, I'll tell you January,
1:00:10
February we were getting maybe 10,000 ish views a day.
1:00:14
And as you can see here over the last three weeks there has been
1:00:18
a marked increase in views of Ron's basement videos.
1:00:23
And I can tell you from experience that absolutely
1:00:26
coincides with it from talking to Coin Chop Chris and talking
1:00:31
to people, other other people in the retail bullion side of
1:00:34
things that like when the my views go up, more people are
1:00:38
starting to buy precious metals. So we could be in for, we could
1:00:42
be in for quite a ride. We're talking about a 10 year
1:00:46
bull market. That's what we're rooting for.
1:00:49
Hey guys, thanks for joining me today.
1:00:50
We'll be back tomorrow. Thank you for all the Super
1:00:53
chats. Thank you for all the support.
1:00:55
Thanks for being a basement dweller and I'll see you soon.
1:01:00
Take care.