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👉 I Told You SILVER Price Would go to $44 ⚪ Now WHAT TO DO! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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Silver investors have been tortured over the last number of
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years, but fear no more. The fight is over.
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We will be at $44 silver and we will be there soon.
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And I'm going to tell you in this video exactly why.
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So thank you for being here. Please give this video a thumbs
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up. Subscribe to the channel.
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We put out new content every single day speaking about what a
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lot of us love to talk about silver and gold.
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So thanks for joining me here. It's Saturday night right now,
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but what we're going to talk about when it comes to silver
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and what's going on and why we will soon, soon, in my opinion,
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be at $44. Silver is timeless.
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This has been going on forever, guys.
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We'll start out by just talking about the fact that every single
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one of these, yes, these paper dollars, and it could be a paper
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Deutsche mark. This could be of any host of
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hundreds of other paper forms of money, electronic forms of money
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have come and gone in every single one of them have gone
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bust. Every single one.
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This one, right? It seems like it's been around
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forever since it's been around for most of all of our
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lifetimes. But unfortunately, the reality
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is this sucker is pretty young, right?
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It's only, what, 150 years old? I think it is.
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We had National Dollar Day the other day.
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Believe it or not, there was actually a National Dollar Day,
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a day to celebrate the US dollar.
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Are they joking? I don't know.
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But nonetheless, this is actually young.
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You know how that works, right? It's always been valuable,
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right? Since you and I, since we've
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been born, since our whole lives, really.
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It's a form of brainwashing. There's no other way to say it,
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right? That we were convinced that this
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was worth something. It was, you know, up until what,
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19? Was it 64 when they took silver
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out of the money? 1971 when they took us off the
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gold standard. But the reality is the darn
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thing at one point did have some value.
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But when they turned it into a pure Fiat currency, right?
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Only based upon the confidence. Khan.
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Think about that for a second, Khan.
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Confidence. What's a con?
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It's something you need to force people to believe.
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Once they did that, it turned into a pure Fiat make believe,
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Unicorn fart dust, whatever you want to call it, currency.
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OK, when the truth comes out. Now let's talk about Argentina.
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We've got so much to talk about. This is going to be quick.
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OK guys, but we've got so much to talk about.
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Why silver? Here's the new sign by the way,
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Basement dwellers silver $44.00 that will go on the Christmas
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tree. I am, I am going out on a
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Christmas tree limb and I am saying I am predicting, I am
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staking my reputation, OK, on the fact that, and that's a good
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reputation that we're going to have $44 silver by Christmas.
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Last year, as all of you know, we hit $2100 gold, which was our
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Christmas prediction for gold, and we're going to hit $44.00
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for silver. But let's talk about, let's just
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look at what happens in a country when they go crazy with
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their Fiat money, OK? This is this is and it got
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worse. Unbelievably, it got worse.
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Hold on here, OK? This, my friends, that you're
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looking at right now is a chart of silver in Argentina.
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And wait until you see the update, OK?
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This is a 10 year chart of the silver price in Argentine pesos
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per oz. OK, if you go back, if you go
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back, what, just four years ago, let's say, OK, it was 1000 pesos
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per oz. If you look at 2020, they were,
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it's not that long ago guys, they were selling ounces of
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silver in Argentina for 1000 pesos per oz.
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OK, this chart shows this is on 11.
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There's an update so be prepared.
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You're going to get hold on to your socks cuz your socks are
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going to get knocked off. We went from 1000 pesos per oz
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and then in on November 25th, 2023, as you can see the price
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was 8700 pesos per oz. But what?
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And that was a 7000% increase. What do you think's happened
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since then? What do you think?
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Let's go 25,698 pesos per oz. OK, Now it is in all fairness
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because the new president there, Milu or whoever has instituted
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some very strict new monetary policy.
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It's actually kind of stabilized, I believe over the
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last six months, but none the less, because of financial
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mismanagement in Argentina and we are subject to the same laws.
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You went from 1000 pesos in 2020 per oz to 26,000 pesos Browns.
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And that's just the tip of the iceberg guys.
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That is just the tip of the iceberg.
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And I have some breaking news for you as well.
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We know that on Monday of this week when we had the micro
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correct member of the world was ending, we talked about that
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many times that silver and gold demand at the coin shops went
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through the roof. We talked to Mike, one of the
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owners at Pimbex channel sponsor right here, Pi MB EX pimbex.com.
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He said Monday was wild. Tuesday and Wednesday the
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momentum carried through. I just got a message from coin
6:05
shop Chris. You know, Coin Shop Chris, he
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told me that they had a blowout day today on a Saturday at the
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Coin Shop. A big, big day.
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Now we're going to have him on the show tomorrow.
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At least that's the plan. You know, he's got his own
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YouTube channel now. It's exploding.
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Everybody's watching Coin Shop Chris, which is great.
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We love Coin Shop Chris, so as long as he has time for us,
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we're going to have him on tomorrow and maybe he can share
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with us some of his observations of what he's seen at the retail.
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But today, apparently we're not going to do yourself a favor,
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OK, Go out and, and, and, and go to YouTube in the little search
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bar, type in Coin Shop Chris and go subscribe to his channel.
6:47
He's a great guy. He talks more specifically about
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coins, talks about a number of subjects, but nonetheless, why
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else? Why else do we know we're going
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to get $44 silver by Christmas? I'm staking the whole channel on
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this. If we don't have $44 silver by
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Christmas, you don't ever have to come back to the basement.
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I hope you do right, because we got a great group of people
7:11
here. Hey, there's coin shop Chris, he
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says I be on OK tomorrow quench up Chris with his New Orleans
7:19
accent and everything will be on the channel.
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Hello Annie, thank you for being here and thank you for
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moderating. I don't know if Jake is here the
7:27
other moderators, but what a great I want to but but quench
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up Chris, Annie Oakley, awesome people.
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OK, but you know who else is pretty awesome?
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You. You love gold and silver.
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You're a human, you're unique. You have things to share.
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Leave a comment in the comment section.
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I think you have to be subscribed to the channel to
7:46
leave a comment. OK, so subscribe to the channel
7:50
because that that helps us feel better that we know more people
7:54
are getting benefit from being here.
7:56
But you can benefit by meeting nice people.
7:58
I just exchanged an e-mail with one of the moderators this
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morning thanking her for all she does.
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And she said I've made some great friends.
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Who doesn't want to make great friends?
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All right, what else is going on with Silver?
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Well, we know, guys. We know.
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We know. There's a memo that came out
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when they set up the futures markets that they were doing it
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explicitly to manipulate the price of gold and silver.
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And they were doing that, excuse me, to discourage everyday
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people like you and me from buying precious metals.
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And guess what, for 99% of the other people out there, it
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worked, didn't work for you and me, but it worked on the other
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99% of the people, right? They were like a silver, gold.
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What? Yeah, whatever.
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You know, and think about this, it gets even crazier.
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There are, and that's what we're going to talk about tomorrow in
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the live stream, the scams that are going on right now in the
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gold and silver industry, specifically with some, some of
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the IRA companies. And I think the, the powers that
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be are letting that go on because it gives silver and gold
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an overall black eye. Right when ABC News talks about,
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oh, elderly people are losing millions of dollars buying gold
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and silver, They're not losing millions of dollars because
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they're buying gold and silver. Heck, if they put millions of
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dollars in the gold just six months ago, they'd have 40% more
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money, 30%, whatever it is, right?
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Well, let's see, gold went from 2000 to 24, 120%.
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I exaggerated, I apologize. But nonetheless, they're getting
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scammed because of how these scammers are selling it to them.
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They're ripping them off, they're overcharging them.
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That's the bottom line, OK, And they're doing that because they
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don't want they, they, I, I think the powers that be
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possibly OK, I don't know this for sure.
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I don't know that there's like an anti gold and silver
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department at the government or anything like that.
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I'm not saying that's the case, although that wouldn't surprise
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me. Nonetheless, it's saying, oh,
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let's let these scams go on because it scares the general
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public. First off, you've got this memo
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that was released as part of WikiLeaks from London, London,
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England. The LBMA, they, they controlled
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the silver and gold market to the, I think Treasury Department
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saying, if we, if we build this futures, the electronic market
10:28
for gold and silver, we can, we can introduce wild volatility
10:33
into the market and that will discourage people from owning
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silver and gold. And if they let these scammers
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run ads on the, on the cable channels, right, telling
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everybody that, oh, you'll give you $10,000 gold.
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And trust me, I'm a, I'm A Celebrity, I'm a paid endorser
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and then rip people off, which is what they do.
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It's going to give the industry a black eye.
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It's going to give gold and silver a black eye.
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Does that make sense? Right.
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So we know we know that for years we've been fighting an
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uphill battle, but that's about to end.
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People are waking up. OK people everyday people
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throughout. And we're going to I will talk
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to coin shop. Chris.
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I get sounds like they had a really extraordinary day at the
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coin shop. Maybe today's the big shift.
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Who knows? You know, we never ever know.
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The other thing we have to remember, oh boy.
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And I got to pull this up. It's been about this babe.
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We're going to pull something out of the archives, basement
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dwellers that are going to. It's going to show you
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inextricly. That's a word we just made-up
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that that we have hold on here, that we have much, much, much to
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be excited about. I think I'm going to pull this
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up. Let me see here.
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Oh, boy, what happened. Hold on.
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Did I lose you guys? Hold on, hold on.
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OK, here we go. There.
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There it is. Hold on.
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Here we go. I'm just going to pull it up so
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you can see. This is the archives, OK?
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There's the old head and shoulders.
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There's the. Oh, this.
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OK, Another reason why we get $44.
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Hey, everybody over there, look over there.
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Don't look at me. Another reason why we get $44
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silver. That's a chart of the DXY.
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The dollar is due all right. The dollar is absolutely due for
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a bear market. If you look here on this chart
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right around what 2001 see the black spot and then it went
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down. Looks like a well, I don't know,
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like a like a cup a cup and handle almost none the less.
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That's when for 10 years the gold and silver market had an
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unbelievable run. The dollar is historically high.
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We talked about that on every live stream.
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There's gold mine, the gold mining stocks are there we go.
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That's what we're looking for baby.
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This, my friends, is John Exter's pyramid.
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For those of you who are new, we haven't talked about it for
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about a month. John Exter, he worked for the
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New York Fed and he was a gold bug and a silver bug.
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Oh, that you're thinking that must have been, that must have
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been. Do you think that was like,
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what, 100 years ago? No, the guy just died like 15
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years ago. Wasn't that long ago.
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He developed this pyramid and and it showed how everything all
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money it was based on the IT was an upside down pyramid it was
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all based on. Look at the bottom.
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The yellow is gold and the Gray should say silver but I can't
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see it cuz it's covered up by something right?
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Anyway, it is silver. Everything else above gold and
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silver. Starting with the green base
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money, bank money, government bonds, it's all synthetic now.
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It's all make believe. It's all, it's all debt.
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It's all debt, guys. It's all it's, it's, it's,
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there's, there's no way possible mathematically that all the debt
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in the world could ever be repaid.
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It's impossible. And all of that rest on a very
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small base, which is gold and silver.
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And then you get up here right to derivatives, people.
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I'm not going to argue. I don't know if I agree with
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crypto being up there or not. Some of the cryptos, I don't
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even want to go there, OK, But we know derivatives are up there
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and we know that some people say that's like 4 quadrillion, 3
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quadrillion. They don't even know Warren
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Buffett calls derivatives a financial weapon of mass
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destruction. A financial weapon of mass
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destruction. Think about that for a second.
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And all of that, right? And if you take like 1% of the
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derivative market, it's equal to like 10 times the entire silver
14:58
market or more. I try to be conservative, baby.
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We're on A roll now. I want you to think about
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something you're only going to have to look at this upside down
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pyramid for a little bit, if just a little bit of that money,
15:14
OK? And it and it and it's like
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thousands of times all the synthetic money, base money,
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bank money, government bonds, all that make believe, all that
15:24
debt, which is just multiple, multiple, multiple times more
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than gold and silver, which are real.
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If just 1%. I'm telling you, if just 1% of
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that money falls into the gold market and silver market chasing
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safety, chasing like no, no, no counterparty risk it would, it
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would absolutely explode, absolutely explode the price of
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gold and silver. Like we can't even imagine $44
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silver. You'd be like, Ronnie, are you
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kidding me? Come on, Ronnie, we're talking
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$600.00 silver. We're talking $1000 silver.
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We're talking $250, you know, $344 silver.
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That's there's so much paper, synthetic, make believe, Unicorn
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fart dust, whatever you want to call it, money that that that's
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been created that there's no way that this system can perpetuate
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itself. OK, and I go back to this every
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single time, but why did the Bank for International
16:31
Settlements make gold a tier one asset recently?
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Why are central banks which are still buying the first half of
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this year was, I believe, a record amount of gold purchases.
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And that was with China supposedly not buying anything
16:47
for the last couple months, which we don't believe anyway.
16:50
And I'm telling you back to silver though, and I'm going to
16:54
tell you what to do. I said that in the title.
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Sit tight. OK, Buckle up, buttercup.
16:59
It's going to get bumpy, but it's going to be a bumpy ever
17:03
been. I I love to ride roller
17:04
coasters. You know, when you go, it's
17:06
going to be like this. You know when you're on that
17:07
roller old wooden roller coaster and you go, you start going up
17:10
the hill and it catches the chain and it's like boom, right?
17:14
It's going to be bumpy, guys, but we're going to be going up,
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up, up. It's going to be a roller
17:20
coaster that goes up and down but somehow keeps going up
17:24
because it's real money. Those people are going to be
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what else in the world is there? OK, this, think about this, huh?
17:33
Look at that. That is not a silver
17:34
certificate. That's a United States paper
17:37
dollar printed on. It's not even.
17:40
It's not paper. It's Lennon.
17:42
People always correct me on that.
17:43
What else in the world? What else in the world?
17:47
Here's a couple here. Hear that?
17:51
Hold on. That's the most beautiful sound
17:54
in the world. OK, What else in the world can
17:58
you own? I hold these three old one
18:00
Morgan and 21 Morgan and two Liberty Dollars here.
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Let's do a little show and tell, right?
18:07
Everybody likes to see some silver.
18:10
All right, look at that. Who?
18:12
What else can you own in the world that has no counterparty
18:16
risk if you own a stock? And I own some stocks, right?
18:20
And mining companies. And by the way, people were
18:22
busting on me in the, in the, in the chat that's saying, oh, Ron
18:28
doesn't like gold. Ron, Ron only likes silver cuz
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Ron owns silver. You know what?
18:32
That's true, right? I do own silver.
18:34
I don't keep it here. I keep it in an off site vaulted
18:37
location. OK.
18:38
And I don't own much physical gold at all.
18:41
Very, very little. But I own a load of gold mining
18:46
stocks. So I am keenly interested.
18:48
I own more in gold mining stocks than I do in physical silver.
18:53
I can tell you that by a long shot.
18:54
So I am keenly interested in what the gold price is doing,
18:58
but what else? And I'm taking counterparty
19:01
risk, right? I'm a lot, I mean, I know that,
19:03
right? But what else?
19:05
What other asset, right when it comes to physical metal, can you
19:10
own where you don't have this? This is the, this is in my
19:14
possession. I'm not relying on anything,
19:17
anybody. This silver right here, I'll
19:20
look at that. It's a pretty eagle, That
19:22
silver, it may have been mined, who knows, 3000 years ago and
19:28
melted down several times. It's always held its value,
19:32
absolutely always. What about if there's a
19:34
recession? Don't worry about it.
19:38
There's going to be a recession. There's going to be a
19:39
depression, I think, right the D word.
19:43
I think we're more likely headed for a depression.
19:46
I mean, Popeyes isn't selling as much chicken.
19:50
Did you write whatever that was? Restaurant Brands International
19:52
came out with their earnings the other day.
19:55
But anyway, all joking aside, I think we could easily be headed
19:59
for a depression. We could be headed for an
20:02
escalation in geopolitical conflict, also known as war,
20:06
right? More war.
20:07
OK, in either of those situations, let's, let's tear
20:10
those apart real quickly. If we have a recession, right?
20:14
We saw what happened on Monday with the micro crisis.
20:17
They they came in with full force and said, well, we can't
20:21
have any problems. We got to fix this.
20:23
Guys, if we have a depression or a recession, they are going to
20:27
devalue the dollar like you've never seen before.
20:31
And when they print that, that value of the silver and gold are
20:34
going to go up. If we go into a, into a more
20:37
contentious geopolitical situation in the world, OK, the
20:41
price of silver and gold are both going to go up for two
20:45
reasons #1 as a safe harbor, right?
20:48
Who wants to, who wants to take risk owning paper money,
20:52
obligate debt obligation of countries when there's major
20:56
conflict going on in the world, number one, and #2 especially
21:00
with silver from an industrial perspective, it'll create more
21:05
massive demand for silver. So I understand and if we do
21:11
have a recession or the market that goes, we could have a short
21:14
term dip in the gold and silver price, no doubt about it, but
21:18
it'll come roaring back faster than you can say lickety split.
21:23
OK, you will see a much higher silver and gold price.
21:30
I got a big list. I only we only have a few more
21:33
minutes guys. So let's let's go through this
21:35
quickly. Other compelling reasons why I
21:39
mean, you know I know I'm the same way I worry like why did I
21:42
buy So what what was the point with the silver whatever.
21:44
Hey, real quickly, let's all please do me a favor.
21:49
Allow me for 10 seconds to say thank you to this company
21:53
Pinbecks for sponsoring Ron's basement.
21:56
OK Oh, as a matter of fact, I'm on this page with my favorite
21:59
coin, the 2023 one ounce Great Britain Silver Britannia.
22:06
And when I pulled this page up just a few minutes ago, the
22:10
price was 20 for under $30. Think about that guys.
22:14
You can buy, and I'm not telling you to buy these.
22:17
I'm, I always tell you, do your own homework, compare everything
22:21
else but $130.00. You can buy a sovereign minted
22:25
coin from the Royal Mint and this one has King Charles on the
22:29
other side. This is actually what I that's
22:31
why I was on this page. This was the most recent
22:33
purchase that I made from PMBEX were the 2023 one ounce Great
22:38
Britain coins. Because let me show you why.
22:42
Because, and most people don't agree with me and that's normal.
22:47
I understand because of that. I think it was 2023.
22:51
The first half of the year they had the Queen on there, and then
22:54
the second-half of the year they had King Charles and nobody
22:57
bought the coins. And I think 20 years from now,
23:02
everybody's going to want these coins because it was the, if I
23:05
have this all correct, do your own work or whatever.
23:09
So yeah, but if you do want to get your hands on some gold
23:12
silver, go check out Pembbex Pi MB EX pembbex.com.
23:18
I think you'll get more metal for your money.
23:20
I think you'll be working with a company you can trust.
23:23
I think they'll have ample selection for anything you want.
23:27
I think Pembbex is best. I think you will too.
23:30
Now what else, the inventories at the COMEX, silver
23:36
inventories, the inventories at the LBMI, the London Million
23:40
Market Association, the inventories at the Shanghai, and
23:44
I say hi emphasize because the price is always higher in
23:47
Shanghai for silver. All are going down, down, down,
23:51
down, down. We have numerous people now
23:54
saying that the silver, the above ground silver slush fund
23:58
could be drained by 2025. And then I was thinking about
24:03
it. That's next year, baby.
24:07
That's next year. I've heard two people in the
24:09
last week, analyst, one of them this Peter Kurif guy saying it
24:13
could be 12 to 24 months when the above ground silver slush
24:17
fund is gone. I'm not selling.
24:20
Are you selling? No, right.
24:23
I mean, and that's another big attribute to silver and silver
24:28
stackers. The people that stack and own
24:30
silver are like passionate about it.
24:33
We love it, right? I have never, ever, ever out
24:37
scouts honor anything. Never sold an ounce of silver,
24:41
have you? I mean it's OK if you have.
24:44
I know people get in situations but but most silver stackers buy
24:48
it as a generational investment, right?
24:51
And just because the price, I mean the price was 22 bucks back
24:54
in February, my birthday month, I bought some American Silver
24:58
Eagles for 25 bucks each. I remember I was like woo Hoo,
25:02
this is great. I'm not going to go sell them
25:04
today because I can get $30.00 for them.
25:07
No, I may convert and you may, right.
25:11
If silver goes to, if it's a doomsday and we're all walking
25:14
around like zombies and I'm down here like this is Zombie Ron's
25:18
basement. You know, I'm, I'm eating the
25:21
two by fours from my walls 'cause we don't have any food.
25:24
I might at that point consider converting some silver into
25:28
food. Or if it gets really crazy and
25:33
I'm like, wow, I can buy a new Corvette for 100 ounces of
25:37
silver. Hey, sign me up.
25:40
Rons basement Corvette, right? I mean in you too, right.
25:42
We may get in a situation where we'll convert some of our metal
25:46
into other real assets. Maybe we converted into stocks
25:53
and companies that own like oil land or forest land or farmland
25:58
or maybe we buy some farmland, right?
26:00
But really we are passionate. We are holding, I don't know any
26:04
silver stackers that are like, oh, I'm going to buy my physical
26:06
silver because I want to sell it in three months, make a profit.
26:09
You just don't. You just don't see that.
26:11
OK. Thank you for being here.
26:18
We are. Hey, Tucker.
26:19
Google the cost of living in Argentina.
26:22
Yeah. Went through the roof.
26:24
Right. But so did the price of silver
26:26
in Argentina. It protected those people.
26:29
I'd be curious, and I don't have time.
26:31
I can't do it now. How Real estate compared to the
26:36
increase in the value of silver. I'm telling you, if you lived in
26:39
Argentina, I went to actually, my my buddy little Ricky and me.
26:44
He might be watching. Hi, Ricky.
26:46
He took me to Argentina, Buenos Aires, Beautiful, beautiful
26:50
city, beautiful city. And it was, gosh, must have been
26:52
15, no longer than that, 1718 years ago.
26:56
We went there. OK.
26:58
It was beautiful. And I'm just curious now.
27:01
And it was affordable back then, but I'm curious, like the cost
27:05
of an apartment or a house in Argentina, how it changed
27:10
relative to how the silver price changed over that period.
27:14
Somebody should look into that or it'd be great if you didn't
27:17
let me know because I have a feeling that silver kind of
27:20
outdid the the increase that they saw in there.
27:25
There's that. There it is.
27:26
Tucker Reynolds. Thank you.
27:28
OK, hold on, guys. Put that banner up there it is.
27:33
OK. Oh, boy.
27:34
Everything's everything's going. I hope I didn't just shut you
27:36
guys off. There it is.
27:41
Thank you, Tucker, for the Super chat.
27:44
This is so critical. Mexico is the world's leading
27:50
producer of silver. Look at this chart.
27:52
Hold on here. This is a good one.
27:58
There it is. That shows where the world's
28:01
silver over there. Don't look at me.
28:03
Look over there where the world's silver is produced.
28:06
By far, Mexico is the world's largest producer of silver, 202
28:11
million oz. That was 2023.
28:15
But guys, it is falling off a Cliff, OK?
28:18
And things are changing. This is big.
28:21
This is massive, right? Peru, there, there.
28:24
Silver output is going down, down, down.
28:27
I don't know about China, there's the United States, we
28:30
only produce 32,000,000 ounces of silver.
28:32
Mexico's like what, seven times the United States and their
28:37
government is anti mining. There's no other way to say it.
28:41
Talk to any silver miner. The amount of silver, I've heard
28:44
numbers like over the last two years, the amount of silver
28:48
being produced in Mexico is down by like 2025%.
28:54
Are you kidding me? Right?
28:56
This is the world's biggest producer of silver at a time
29:02
when we know demand is going absolutely through the roof.
29:07
Absolutely through the roof. And what else do we else do?
29:09
We never talk about when it comes to silver, OK.
29:14
And that's jewelry that's a huge source of demand.
29:17
And and, and silver jewelry, my sources are telling me is
29:21
growing and growing and growing in population, a population
29:24
popularity, another source of massive demand for silver.
29:29
OK, young people, we have Mr. H, the world's youngest silver
29:35
stacker. He's 24 years old was talking to
29:38
him last week. He's like Ronnie, I bought a 10
29:41
oz silver bar. I love it.
29:43
And he's telling me, he's telling me he's I'm at work and
29:46
my Co workers are to ask me, why would you do that?
29:48
Why would you buy that? And he's like, and they'll go
29:51
out on a weekend and they'll blow 280 and a bar getting drunk
29:56
and doing whatever they do. You know, he's like, and I've
29:59
got this silver bar that is worth something is real and
30:03
value. And I told him his first name is
30:05
Hunter. I said Hunter, You're right,
30:07
You're right. And he's actually a blood
30:08
relative of mine and he's the smartest kid.
30:10
And I'm going to get him on the channel here at some point as
30:12
well. Women are joining that all over
30:15
the world. What about Costco, Right?
30:18
It's it, right? What?
30:20
Guys? Every time Costco gets gold or
30:23
silver in stock, it sells out. What is that telling us?
30:28
I mean, this the gold to silver ratio sitting at 85 to one.
30:34
I got to run through the list quick.
30:35
Now this. Get ready for a whirlwind.
30:37
Buckle up, buttercup. And while you're busy buckling
30:40
up, give us a thumbs up, will you please and subscribe to the
30:44
channel. We are really want to get to
30:46
40,000 subscribers. OK.
30:48
The silver to gold ratio currently sits and I don't know,
30:50
80 to somewhere between 80 and 85 to one historically high
30:55
Gold's not coming down in price. So as gold continues to go up
30:59
and that ratio compresses, it is going to it's, it's, it's $44
31:05
silver by Christmas, Merry Christmas in August.
31:09
That's why you come to the basement, not just for the
31:11
friendship, not just for the stimulating conversation.
31:14
OK, portfolio diversification, I'll say it, Mike, the owner at
31:20
Pembex will say it's stack responsibly.
31:23
But to the extent that you have silver in your portfolio, you
31:27
are engaging in portfolio diversification.
31:31
Vastly undervalued. OK, most people haven't
31:35
diversified with silver. Vastly undervalued.
31:38
The law of, of small numbers that could easily result in a,
31:43
in a absolute tidal wave of demand for silver.
31:48
OK, Rick Rule talks about this, right?
31:51
And I, I, I coined the phrase the law of small numbers.
31:55
The the here it is the silver 8X rule, only one in 100 people,
32:00
one in 100 people own silver. OK, if when it when everybody
32:07
wakes up and that number goes from in the United States from
32:10
one in a hundred to four in 100, that'll be four times the amount
32:16
of demand for silver. But think about this.
32:19
There's an extra bonus, a little secret added kicker.
32:22
Not only are those those is that is that going to create four
32:25
times more people, those new people they're going to be
32:29
buying. So that's going to be creating
32:31
this massive new demand for silver.
32:34
It makes it at least eight times right, The amount of the current
32:38
demand. That's why right.
32:41
I say sit tight. If you own a bunch of silver,
32:43
you're good, baby, sit tight. No, you're right, right.
32:47
If you're still stacking dollar cost average, you're getting a
32:51
heck of a lot better deal today than you did four weeks ago when
32:54
we were at $32 silver. No doubt about it.
32:57
OK, but think about this, guys. I can't emphasize this enough.
33:01
OK? If we go from one in a hundred
33:04
to four in 100, we have four times as many people, new
33:07
stackers, your neighbors knocking on your door saying,
33:10
hey, you were right about silver.
33:12
Now can you tell me how I can get some?
33:13
And you'll say, well, it's really hard to find right now.
33:15
It was really easy to find a year ago, but now it's all gone.
33:19
We've got four times as many people and the new people are
33:23
buying. So that's like massive amounts
33:26
of new money. I could be wrong.
33:27
Don't make any financial decisions based on anything I'm
33:30
saying. I'm just sharing my opinion.
33:33
But it sure feels like it could. I mean, if you if you thought
33:37
about that, well, I'm going to I'm going to.
33:39
We got to nail this home. Then nobody owns it, right?
33:44
Nobody, nobody. Look at this.
33:46
My friend Jim gave these are so beautiful, right?
33:50
Sent me that a while back. You see that?
33:56
It's a lion or a tiger. I never can tell them apart.
33:59
Anyway, nobody owns it, right? You own it.
34:03
I own it, Huh. Yeah.
34:05
We're we're ahead of the curve. You are.
34:08
You know what you are? You know what we are basement
34:10
dwellers. We're like, hey, we're going to
34:13
go see a play, right? But it's open seating.
34:16
We know it's gonna be a great play.
34:17
We heard, we got inside. You know where we, we, we, we
34:20
read, we know people that you gotta go see that.
34:22
I don't, I'm not much on the theater.
34:24
But for the purpose of this example, we're gonna make
34:27
believe that you and I are going to the theater.
34:29
So we put on our nice clothes, right?
34:31
Like this, our silver shirts and we go to the theater, but we get
34:36
there like 45 minutes early because we know it's going to be
34:39
a mob of people showing up. We get there 45 minutes early,
34:43
they open the door, we give them our ticket, we go sit down.
34:46
We got great seats. 45 minutes later, all these people are
34:50
showing up. People are standing in the
34:51
aisles. We got there early.
34:53
That's where you are right now. And I'm telling you, when all
34:57
those other people show up to the theater, the silver to see
35:02
The Wizard of Oz, which is actually about silver, by the
35:05
way, the movie, the book, The Wizard of Oz is about silver and
35:09
how they ripped off the Americans by taking silver out
35:13
of the money And, and not you anyway, look into it yourself.
35:16
It's fascinating. We got there early and all those
35:20
people show up. And when all these people show
35:22
up, they're not just showing up saying, hey, we like silver.
35:26
They're showing up with this stuff, saying, how do I convert
35:29
this into real money? You were right.
35:32
You were right. You were right.
35:34
And we're not really like really.
35:36
I mean, we're smart, but we just read history and then we applied
35:43
a little common sense, a little basement common sense, right?
35:46
You know, when you're here, you're a basement dweller.
35:48
It's a big deal. You're here.
35:49
I want to talk about you for a second.
35:51
Thank you. This is not possible, right?
35:53
It's incredible that we get to do this all get together, but
35:56
it's not possible without you. Yeah, I'm talking to the one and
36:00
only you. The apple of your mommy's eye.
36:04
Right. You got a mom.
36:05
We all have that in common. I guarantee you your mommy loves
36:08
ya. Your dad too, whether they're
36:10
still alive or no longer with us.
36:11
Nonetheless, it's a big deal. You're here.
36:13
Thank you. It really is.
36:15
I appreciate each and everyone of you in the support that you
36:19
give this channel. It's a big, big, big deal. 85
36:23
fellowship with other stackers. Beautiful.
36:26
OK. Allows you to be your own
36:28
central bank when people wake up to that, right?
36:32
You don't want you want to do this?
36:34
This guy, huh? Should we get him out?
36:37
Hey, we almost got 400 people. Maybe somebody can tell me how
36:40
many thumbs up we have. I can't even see.
36:43
Huh? If we get to 200 thumbs up,
36:45
somebody please tell me. Look, huh?
36:48
Yeah. There he is.
36:49
Do you want do you trust him with your with your money?
36:52
If you go out and work your whole life and save up a bunch
36:57
of this Unicorn fart dust, that is guaranteed.
37:01
The whole plan is for it to become worthless.
37:03
That's my one of my questions. Do you ever wonder that why does
37:07
this have to be? Why does it have Why is the plan
37:12
they're real honest about it. The plan is ideally this will
37:17
only lose 2% of its value per year.
37:19
That's based on the official numbers.
37:21
Why does it have to be that way? Why does this have to lose
37:25
money? I'm, I'm, I'm begging the
37:26
question, you know, right. So you can be your own central
37:31
bank. Do you want to own these
37:33
confidence or or do you want to own silver?
37:36
All right, you got Peace of Mind.
37:39
There's so much going on. Oh, here's the big one.
37:41
Here's another big one. Here's a big one.
37:45
We're going into stagflation. Sorry.
37:48
OK, it's time to time to let some feathers fly, time to put
37:54
boots on the warehouse floor. I love that saying, right.
37:58
We're going into stagflation because we have an untenable
38:02
debt level. We have a unmanageable, we have
38:05
an unbelievable we have a overwhelming level of debt in
38:10
this country. Yes, yes.
38:12
Do we have to? OK, we will very quickly and
38:15
then we're going to get to a point that hold on here.
38:21
There's pin backs. Thanks again to pin backs for
38:23
sponsoring Ron's basement. OK, US, let's just check make
38:29
sure this thing's not going down.
38:31
Oh, understanding, hold on a minute.
38:33
That's from the US Treasury. We don't want to go there.
38:36
U.S. debt clock. There it is.
38:43
OK. Oh, What's real?
38:46
This is interesting. I can't.
38:48
I'm having a hard time reading. What's real?
38:51
I didn't see this. What's going on in the dead
38:53
clock, guys? the Fed dollar.
38:55
How do you define real? Morpheus?
38:58
OK, How do I? Oh, there we go.
39:00
Can I click on that? Nothing's happening.
39:06
Oh, here we go. No click.
39:11
Well, anyway, that's not working.
39:15
OK. Oh, wow, this is crazy.
39:18
We just celebrated 35 trillion. And look up here in the upper
39:22
left corner, guys, we're already at 35 trillion.
39:26
We're going to be at one. If we stayed on this live stream
39:28
long enough, we'd be on 35 trillion, $150 billion.
39:34
Oh and look at this looky over here hold on a minute.
39:38
Let's zoom in on this guys. We've got breaking news very
39:43
interesting hold on still does nothing but let's go over here
39:49
because we've got breaking news. The dollar to silver ratio went
39:55
up 428. I think it was just the other
39:59
day 426 they're imagine that they're printing more.
40:04
Oh, here we go, open close. Secret window open.
40:11
So there's the secret window. How do you define real?
40:15
That's OK. Anyhow, the dollar to silver
40:19
ratio that compares the number of dollars and that has gone up.
40:23
That's breaking news. The number of dollars printed on
40:29
an annual basis for every one ounce of silver that is being
40:34
produced, It's nuts. OK, now what we have to remember
40:39
as we're heading into this stagflation, because the system
40:42
doesn't work. Unfortunately, the system
40:46
doesn't work, which is probably why we're seeing all this
40:48
geopolitical tension. Things are coming to a head.
40:51
Things could, I could be wrong, but things could get very scary
40:55
in the next months, years and decade.
40:59
It could be a very challenging time for all of us to live in
41:03
minimum, we're going to have stagflation, a stagnant economy
41:07
with inflation. It's it's the only way the
41:10
system works. Unless the spaceship full of, of
41:14
Martians comes down and says, we have discovered a new way for
41:18
you to pull off an economic miracle and it's not going to
41:21
happen. Santa Claus is not coming to
41:24
town. OK, I love Santa, but I don't
41:26
rely on Santa Claus to bring me money or anything else.
41:30
And Santa Claus is not going to save the United States of
41:32
America. Unfortunately, our leaders have
41:36
ripped us off and the wealthy elites have ripped you off and
41:40
me off. And they did it primarily
41:42
through their banking practices, which 99% of Americans don't
41:45
understand. Right?
41:47
I mean, they're we're asleep. Like, oh, it's OK.
41:50
Yeah, sure. I'll go work every day for a
41:53
bunch of paper that's going to lose money.
41:56
I mean, if you came from a from a foreign, if you came from a
41:58
different planet and somebody told you that's what's going on
42:01
here. Like you labor away all day long
42:04
for paper money. And then what they give you that
42:07
paper money that they control is designed to go down in value,
42:13
right? Unless you're one of them and
42:14
you own a bunch of real estate and the, you're the 1% that owns
42:17
all the stock market. I digress.
42:20
We're going into stagflation. There's something big different,
42:25
and I've been talking about this a lot lately because it's a big
42:28
deal like the rule of eight with eight times as much money coming
42:31
in to the silver and gold market.
42:33
You're going to hear more about that, but this one is critical
42:36
for us to understand right as we, as we face what's coming
42:41
with the silver and gold price, OK.
42:44
And we, and we compare it to the 70s, which we've done multiple
42:47
times. Silver alone went from $1.50 a
42:49
buck 50 to $50 per oz. But guys, it was a different
42:54
world back then in the 1970s, Guess what?
42:58
the United States of America ruled the world, right?
43:02
We had a very favorable position in the world.
43:06
China was basically nothing. OK, I'm not putting China down,
43:11
but there were nothing compared to what they are today.
43:13
Nothing. Maybe 1520%.
43:17
India was more nothing back then.
43:20
India was maybe again, 1520% from economic power, what they
43:25
are today. Today those countries are
43:28
massively more powerful. They have massive populations,
43:32
1.4 billion. Think about this. the United
43:37
States has like 330 million people.
43:41
India and China each have 1.4 billion people.
43:45
In the 1970s, they were nothing. Today they are powerhouses.
43:49
They are going to absolutely. India is the precious metals
43:54
capital of the world, OK? We love India, they love gold,
43:58
25,000 metric tons hidden in mattresses and walls, 25,000
44:02
metric tons of gold, OK, in Indian households.
44:06
That's not their central bank, that's in Indian households, OK.
44:11
And today they are more of an economic power and they have
44:16
definitely way more of a population power them in China,
44:20
both China's the second biggest economy in the world.
44:24
Chinese people love precious metals.
44:29
They don't love banks, OK, they don't trust the banks.
44:33
Chinese people, they don't trust the real estate market.
44:36
They all get, I'm going to use a nice word, ripped off in the
44:40
real estate market over the last 10 years, OK?
44:44
They don't trust the stock market, right?
44:47
What do they trust? They trust silver and gold.
44:51
OK, So when we go into this next run, OK, it's not just going to
44:56
be the United States and the United States alone could make
44:58
it happen, but we're going to be dealing with waves of purchasing
45:03
potentially from China and India as well.
45:05
It's going to be absolutely crazy.
45:08
OK. Hey, thank you.
45:10
We got 200 likes. I got to ring the bell.
45:12
I forgot to ring the bell. For those of you that don't like
45:14
bells, I'm going to ring the cowbell.
45:17
There it is. That's for 200.
45:20
That's from Joe F, Basement Dweller who hand delivered this.
45:23
You ready to hear it? Here it comes.
45:34
That's our way of saying thank you.
45:36
That's the wake up bell. Things are different, OK?
45:40
The world is different now than it was 50 years ago, 40 years
45:45
ago, way different. And it's really become so much
45:49
more exaggerated in the last three or four years.
45:54
OK. But when, when, when President
45:56
GI and those of you who've been around the basement for a while,
46:00
when President GI visited President Putin, it was about 16
46:05
months ago and it was a headline in all the world except here in
46:09
the United States. It was right around when Joe,
46:12
our President, Joe Biden with Saudi Arabia and they basically
46:16
like blew him off, OK, Right around that same time, G and
46:21
Putin were meeting and when they were saying goodbye and they are
46:24
friends, OK, When they were saying goodbye, they both said
46:29
the world is changing right now like no other time in history
46:34
and we are at the forefront of what is going on.
46:38
So guys, we are heading into a very interesting time period, a
46:43
rude awakening. I'm going to look at a couple
46:45
comments. If you guys have a question or
46:47
you want me to say hello to you or somebody who's watching, I'm
46:51
going to stick around here for five more minutes, OK, but do me
46:56
a favor when you when you put your your comment, then put this
47:00
in front ** hold on, I did something, I hit the wrong
47:06
thing. OK, When you put your comment,
47:09
put *** that's #8 on your keyboard so that I can see it.
47:14
So wow, I want furniture, but rude awakening is telling us the
47:20
88 to one goal. I didn't realize it was that
47:23
high. That means that means if you
47:27
want to get, if you want to trade these, that's an American
47:31
Silver Eagle. That one came from Jake.
47:34
Jake's custom parts regular here on the channel moderator.
47:38
If you want to trade these one ounce silver Eagles for a
47:42
American Buffalo one ounce gold coin, it's going to take like 90
47:47
of these 'cause you're going to pay a premium, right?
47:49
Look at that, right? Wow, that is absolutely crazy.
47:56
All right, come on. Who's got a question?
47:59
Who's got a good point? You want me to read to the group
48:02
we have? Where'd we go here?
48:05
Where'd we go? There we go.
48:06
We have 4 more minutes David in the field of greens.
48:13
Wow, here we go Steven. Great comment.
48:21
As the US economy collapses, people more desperate.
48:25
What happens if one of your friends, acquaintances,
48:29
neighbors finds out you got a stack of silver in your house?
48:31
You can't tell people you stack? That's right.
48:34
Yep, and don't keep a lot at your house would be my
48:37
recommendation. Or stack lead.
48:41
Make sure you have it protected as well.
48:43
Let me go down here. Shout out from Austin, TX.
48:47
First time catching. Hey, thank you, Andrea.
48:49
Nice to see you, Tucker. Cost of living.
48:53
Hold on. Oh, oh, now things are moving.
48:56
Hold on. Tucker's got something to say.
48:58
I'll put that up there. Says cost of living.
49:02
One person in Argentina, one million a month, 45 ounces of
49:08
silver. Wow.
49:09
Thank you, Tucker. 45 ounces of silver, which would be what,
49:15
about 1200? Thirteen, $100 per month.
49:19
Yeah. Interesting.
49:21
So if a person had. Wow.
49:27
Yeah, that's crazy. I tell you what, we are living
49:31
in challenging times. Hello, Stacker.
49:35
Stacking Surfer. How you doing, brother?
49:37
Good to see you. Everybody go check out Stacking
49:41
Surfer. Friend to the channel.
49:43
Great YouTube. He's got a lot of great content.
49:46
The Stacking Surfer. I don't need to tell you how to
49:50
how to spell that one. And don't forget I need to say
49:53
thank you. Channel sponsor first Mining
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Although there's a lot of steps involved and going from gold
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And Fortuna Mining just put out a interview I had with Jorge
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Gonoza, the CEO of Fortuna Mining, just went out this
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afternoon. They had a great first half of
50:36
2024. Oh, Robert, Interesting.
50:41
I never thought about that yet. Because Argent is silver,
50:44
Argentina means land of silver. All right, very interesting. yen
50:50
carry is oh, hold on a minute here.
50:54
The yen carry is possibly the Black Swan.
50:57
Yeah. Let's talk about that for a
50:58
second. OK?
51:00
That what he's talking about is what happened on Monday.
51:03
Where guys, the, the, the Nikkei stock index, the Japanese stock
51:08
index dropped by like, I don't know, 12 or 13%?
51:13
Are you kidding me? Right?
51:14
I mean, that is massive. Nobody talks about Japan, but
51:19
the reality is Japan is the third largest economy in the
51:22
world. Their stock market crashed by 13
51:25
percent money. Now it all got fixed, right?
51:28
Because because we can't have any problems in the world.
51:31
We can't have any but the yen carry trade, which is when
51:35
people borrow and yen and make investments and then thinking
51:38
they're going to pay it back. It's cheaper money.
51:41
It could be I, I, I, I don't know.
51:45
Maybe it'll be like the banking crisis that we had 16 months ago
51:50
where like three of the four largest banks in the history of
51:53
the planet, the universe went bankrupt.
51:55
Whatever that stat is, from a dollar perspective, it was
51:58
almost as much or more as what went belly up during the great
52:02
financial crisis. So maybe it's going to be a
52:05
situation like that where, you know, we had that banking crisis
52:10
16 months ago and it all got fixed.
52:12
Everything gets magically fixed. I, you know, it.
52:16
So what I'm saying is I would be surprised if there's not further
52:22
repercussions. The Japanese stock market just
52:25
doesn't fall by 13%. And then we don't have anything
52:29
else happening after that. I just can't see, I can't see
52:34
what's going on. Stewart says he hit a stacking.
52:38
Hold on here. Stewart said he hit his stacking
52:43
goal for the year. Where was that?
52:45
Should he keep going? I have a hard time.
52:48
You guys know I'm technically challenged.
52:51
Here we go. I already hit my stacking goal
52:54
for the year. Do I keep going?
52:56
I mean, if you do, do it wisely. Never use credit cards or carry
53:02
a credit card. I'd say never use credit cards.
53:03
Never use, never carry a credit card balance, never actually
53:08
borrow money from a credit card company to buy silver and gold.
53:11
But if you have some extra cash on a monthly, quarterly basis,
53:15
whatever, yeah, buy some. I mean, I have plenty of silver,
53:18
OK. In terms of how much I want to
53:22
have as a stack, I have this sheet right here that I've
53:25
showed you guys. I'll buy more when the price of
53:28
silver hits 2650. Now in all honesty, I'm a big
53:32
fat liar because when we were driving home from Wisconsin in
53:35
the car, apparently silver hit 2650.
53:38
But by the time I knew it, it had already bounced back.
53:41
That was on Monday. It had already bounced back to I
53:44
think 27. So I said I'll wait.
53:46
Then the other night it hit 2650 again and I was involved with
53:50
editing a video or something. I'm a very one track mind person
53:54
and but then I got done editing the video and I said I'm going
53:57
to go out and I was going to buy those 2023 UK Royal UK Mint
54:04
Britannia's with King Charles on them because I love those
54:07
things. But it was already back to
54:09
$27.00. So anyway, if you've got a, you
54:13
know, if you met your goals, maybe every once a month, if you
54:15
have some extra cash laying around, I don't have a lot of
54:19
extra cash, but when I do, you maybe buy a tube or two of, of
54:23
American Silver Eagles or Britannia's.
54:27
I'm I'm kind of in love and I love Krugerrands.
54:31
Those are my, you know, here. Where is it?
54:34
It's part of my props here. Let me show you who doesn't love
54:38
these? I do keep this at the house.
54:40
It's a tube of Krugerrands. Hold on, see if I can open this.
54:50
Well, that doesn't look so good, does it?
54:52
Let me get one out. I love Kruger ants.
54:55
So you turn it upside down. There's something about the
54:59
finish. Look at that.
55:09
Wow. I mean those are just absolute
55:12
beautiful coins. These are.
55:14
I got these from pin backs a while back.
55:17
These are 2020 threes. See if I can lift this up
55:21
without making a fool of myself. Look at this.
55:26
That, my friends, is a thing of beauty.
55:31
Who doesn't love that, right? Absolutely beautiful.
55:38
All right, did I miss any other comments?
55:39
I went overtime. Look for 8825 on pieces.
55:45
There's silver. There are two sets in the
55:47
original box. OK, guys, rude awakening,
55:50
everybody. Thanks to all the visitors that
55:52
came in today. Thanks to all the new people.
55:54
Thanks to all the regulars. Thanks to all the moderators.
55:57
Thanks to Silver Susie, my lovely wife, right, for being
56:01
here and supporting the channel. Thank you for the Super chance
56:05
and the Super thanks. Whatever they are.
56:07
The little money, big money that you guys donate.
56:10
It goes a long way. I believe we are definitely
56:13
heading for. Where'd it go?
56:15
OK, this is going on here. Let's put it on the Christmas
56:18
tree. Where's the Christmas tree?
56:21
Can you see it? Yeah, it's over there.
56:25
I'll have that Christmas tree out here at Christmas.
56:27
And we will be celebrating this $44 silver because don't forget,
56:34
guys, oh, here I can get the things.
56:36
Don't forget, last Christmas we said we were going to get $2100
56:44
gold and we got it before Christmas.
56:47
There's the Janga board. I have that for when Andy
56:49
Scheckman's on the show because he says the economy is like
56:52
Janga. So this year, there it is.
56:55
We're going to get this. See if we can find a good place
56:58
on the tree. Here's coin shop Chris's.
57:01
Bobby. Bobby.
57:04
Hey, Coin shop Chris. There's your Barbie.
57:10
Hold on a minute. Hanger on the thing.
57:14
OK. There it is.
57:19
Well, that looks good, doesn't it?
57:24
Oh, brother, I mean, imagine there.
57:27
Can you see it? There it is.
57:29
All right, Coin Shop. Chris should be on the show
57:33
tomorrow morning. We're going to have a good time.
57:37
He was going to give us an update on what's going on at the
57:40
coin shop, what he's seen in the retail bullion side.
57:42
I'm going to talk to him about 10 oz bars because I happen to
57:45
think the 10 oz bars are the like best silver product on the
57:51
market right now. You guys take it easy.
57:54
Have a good night. Thanks for being here.
57:56
I'll see you soon.