Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **SILVER Price** You Best PAY ATTENTION to This! 🎯 (Gold Price Also)

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**SILVER Price** You Best PAY ATTENTION to This! 🎯 (Gold Price Also) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:32
  Massive money to be made in precious metals.
• 0:36
  The biggest name in precious metals telling us to expect $200
• 0:41
  silver. What about gold mining stocks?
• 0:44
  Are they representing some of the biggest opportunities that
• 0:47
  maybe some of us have seen in our lifetime?
• 0:50
  And we've got an incredible data point about gold that I didn't
• 0:55
  know about. I'm going to share that with you
• 0:56
  later in the video. Thank you for being here.
• 0:59
  Thank you for being part of Ron's basement when you're here,
• 1:02
  right? You're part of the family who
• 1:04
  let you in my basement. But we love to talk about gold,
• 1:08
  silver, precious metal mining stocks.
• 1:11
  You're a basement dweller down here.
• 1:13
  Please give this video a thumbs up, Subscribe to the channel and
• 1:16
  come back and spend some more time in the basement because
• 1:20
  we've got the best community in precious metals.
• 1:23
  But what did Eric Sprott? Eric Sprott's a Canadian
• 1:27
  businessman considered to be probably the brightest, biggest,
• 1:31
  most successful mind in precious metals.
• 1:35
  What did he say about silver? And what makes it even more
• 1:37
  shocking is that he did this on a panel with Michael Oliver and
• 1:43
  Phillips Baker, the previous CEO of Hecla Mining.
• 1:47
  Let's dig right into it right now.
• 1:51
  That's our sponsor first met. We'll hear more from them a
• 1:54
  little bit later. But first, let's go check out
• 1:57
  this article. OK?
• 1:59
  Right here, $200 silver. This comes to us from the
• 2:03
  Investing News Network. Now we're going to skip all the
• 2:07
  way down. 3 experts talk price, supply and demand.
• 2:11
  You know, people think we're crazy when we say $200 silver,
• 2:13
  but let's see what what our friend Eric Sprott had to say in
• 2:17
  yellow silver market still facing manipulation and he
• 2:21
  breaks it down, baby. He said, quote, I look at silver
• 2:24
  as a market that's been manipulated for 50 years.
• 2:28
  We have about, we have about 8 to 12 major international banks,
• 2:33
  crooks who are short over 500 million ounces of silver.
• 2:38
  For those of you who don't know, when you're short, that means
• 2:40
  you sell it to get the price down thinking that you will be
• 2:43
  able to buy it back at a later date for a lower price.
• 2:47
  And that's on the COMEX alone. They've always been short of
• 2:50
  silver. They always make stabs at
• 2:53
  knocking silver down, tamping it down, trying to cover, but the
• 2:57
  shorts go back up. However, Sprott said, as the
• 3:01
  price is gone from around the $20 range.
• 3:04
  Right like two or three years ago, we were down here in the
• 3:06
  basement. We had $18.00 silver, $22.00
• 3:10
  silver, $20 silver. They thought we were crazy when
• 3:13
  we talked about 30 and $35 silver, but since the price has
• 3:19
  risen from that $20 range closer to $35, it has become more
• 3:24
  difficult for the these banks to maintain their short positions
• 3:29
  in green. He went on to discuss how
• 3:31
  trading on the COMEX seems contrary to what is going on in
• 3:35
  other markets, saying that when international markets are open,
• 3:39
  gold and silver prices trade higher.
• 3:41
  When the Shanghai Gold Exchange is open and they're trading
• 3:45
  physical silver and gold, the price goes higher, guys.
• 3:49
  But when the COMEX opens in the United States, they tend to fall
• 3:52
  in yellow. This is where it's stunning, but
• 3:55
  then it gets even more stunning in yellow.
• 3:57
  If you just traded COMEX right the the United States silver
• 4:02
  contracts and you bought silver at the starting value, it'd be
• 4:07
  worth about two or three percent of what it started at.
• 4:11
  Whereas if you bought into the non COMEX hours, right, if you
• 4:15
  bought when the COMEX was closed, it would be worth 600%
• 4:21
  or more. Now think about that, guys.
• 4:23
  That tells us clear as day, right, that the silver price is
• 4:28
  beat down in the United States. But if you only bought it
• 4:32
  outside of the United States trading hours, you'd be up 6X.
• 4:37
  OK, And what is 6X from $35? Well, coincidentally, it's about
• 4:42
  what, $210.00? So that's starting to make
• 4:45
  sense. What's the outlook for the
• 4:46
  silver price? Let's listen to what Mr. Sprott
• 4:49
  had to say. He said.
• 4:51
  For his part, Sprott sees the silver price going much higher.
• 4:55
  He says, quote, I'm sure we're going to to be through $50.
• 5:00
  It used to trade at 15 to 1 to the price of gold.
• 5:03
  That's the gold to silver ratio. At today's price of gold, that
• 5:07
  would be over $200 per oz. I see no reason to think that
• 5:13
  we're not going to get there. Thank you.
• 5:16
  Eric Sprott, $200 silver. I know, I know.
• 5:20
  It's crazy. Who would ever think that,
• 5:22
  right? We think that we know that I've
• 5:24
  talked and I say it every silver and gold video that I put out
• 5:28
  that by April Fool's Day 2026 we will have $60.00 silver.
• 5:33
  It's going to happen. I'll stand by it.
• 5:35
  I'll come on here and say I'm wrong if I'm wrong, but I know
• 5:38
  that I'm not going to be wrong. I want to say thank you to the
• 5:41
  sponsor of the gold and silver videos.
• 5:44
  First meant. First meant is a meant in Las
• 5:47
  Vegas, NV where they produce world class silver bullion
• 5:52
  products. But wait, there's more, because
• 5:55
  they're actually a part of First Majestic Silver, that silver
• 5:59
  mining juggernaut headed up by Keith Neumeyer, a super
• 6:03
  respected name in the precious metal sector.
• 6:07
  So First Mint is very unique. They actually mine the silver in
• 6:12
  Mexico, right? People working day and night to
• 6:15
  get the silver out of the ground.
• 6:17
  All that energy that goes into an ounce of silver, they mine it
• 6:21
  in Mexico, send it to Las Vegas to the First Mint facility, and
• 6:27
  then it gets shipped to you. So it goes from the mine to the
• 6:31
  mint to you. What did we just talk about?
• 6:34
  The Comex and the LBMA, the London Million Pocket
• 6:37
  Association, this silver in this one right here.
• 6:41
  This is their Buffalo Round. I'm going to show you the back
• 6:44
  because I just think it's one of the most beautiful pieces of
• 6:47
  silver that I've ever seen. You can see First Mint at the
• 6:50
  top there. This silver, I got this from
• 6:53
  First Mint. It never touched the Comex or
• 6:57
  the LBMA. It's the only place I know where
• 7:00
  you can get guaranteed COMEX and LBMA free silver.
• 7:05
  OK, it's a great company. Let's go out and look at their
• 7:07
  website, realquickitsfirstmint.com and
• 7:13
  here we go. They have bars as you can see
• 7:15
  there. They've got there's what I just
• 7:17
  showed you, right, the Buffalo round beautiful.
• 7:20
  I love that Indian, just really beautiful.
• 7:23
  They've got the year of the snake round and they've got the
• 7:27
  year of the dragon round. And like I said, bars.
• 7:29
  I've got a 5 oz bar here that Susie upstairs.
• 7:32
  Susie, my wife who many of you know, she is completely enamored
• 7:37
  with. So go check it out first.
• 7:39
  mint.com. Oh, and by the way, there's a
• 7:41
  secret discount code that you can use, VIP, RBVIP, Ron's
• 7:48
  basement. But VIPRB, you're going to get a
• 7:51
  great selection, great service, and it's a company you can
• 7:53
  trust. It's headed up, right?
• 7:55
  First Mint is owned by First Majestic Silver, Keith Neumeyer,
• 8:00
  a name that we all trust in the precious metal sector.
• 8:03
  All right, guys, Oh, let's talk about is there unbelievable
• 8:07
  opportunity to make a lot of money in the precious metal
• 8:11
  mining stocks? I want to show you a chart that
• 8:13
  just absolutely blew me away and I think shows that there's
• 8:18
  opportunity for robust gains to be had in the precious metal
• 8:25
  mining stocks, in particular on the development and exploration
• 8:29
  side. So this chart comes from BMO.
• 8:32
  Michael Gentilly is who I saw talking about it initially.
• 8:35
  Those bars across the bottom. OK, on this left axis here, let
• 8:40
  me get my crayons out. Hold on, hold on.
• 8:46
  Oops. What did I do?
• 8:49
  There we go. See if I can make that a little
• 8:52
  bigger. All right.
• 8:54
  And OK, those bars on the bottom, I'm going to get the
• 8:59
  crayons out. Let's go with what color you
• 9:03
  guys want. We'll get like an orangish color
• 9:05
  here. This side over here is the price
• 9:09
  of gold. This is dollars on this side.
• 9:12
  All right across the bottom are the years.
• 9:14
  The bars represent the total cost that it takes to mine one
• 9:19
  ounce of gold. As you can see, we start back
• 9:22
  here in 2013 and go all the way to the 2025 estimate on the
• 9:27
  right hand side. As you can see, the cost kind of
• 9:30
  went down a little bit, you know, during the early 2013,
• 9:36
  2016 time frame. But what we've seen is over the
• 9:41
  past number of years, a rise in the increase of cost to mine an
• 9:45
  ounce of gold. However, what is wild and what
• 9:48
  we need to pay attention and what just blew me away, like if
• 9:52
  we go back to 2020 again, these bars show the total cost of
• 9:56
  mining an ounce of gold. You get the blue, the total cash
• 9:59
  cost, pink growth capital, light blue, sustaining capital in the
• 10:04
  Gray, which is our taxes. So every cost, right.
• 10:07
  If we look back at 2020 right here, that's basically the
• 10:12
  amount of profit on average that miners made per ounce of gold
• 10:16
  that they pulled out of the ground as the price of gold.
• 10:19
  Because this line here, I'm sorry, I forgot to point this
• 10:22
  out, this line that's above, that's the price of gold.
• 10:26
  As you can see, obviously the price of gold is shot up to
• 10:30
  around $3300 per oz. However, although cost have gone
• 10:34
  up and they are starting to definitely stabilize now with
• 10:39
  the input cost going down, things like oil and whatnot,
• 10:43
  instead of having this little bit of profit, look at the
• 10:46
  profit now that the miners are making.
• 10:50
  It is unbelievable. And guys, I'm going to tell you
• 10:54
  something and I'm going to tell you something right now.
• 10:57
  These miners, these mining stocks, they have not yet
• 11:01
  really, really moved. Now, look, I'm not a financial
• 11:04
  planner, don't make any financial decisions based on
• 11:06
  anything that I'm saying. I do own some gold mining
• 11:10
  stocks, so I'm talking my own book in general, but I'm telling
• 11:14
  you there is massive amounts of cash being made right now in the
• 11:18
  gold mining sector. That chart shows it and the
• 11:22
  earnings reports from the gold mining, and we're starting to
• 11:26
  see it in the silver mining companies as well are starting
• 11:30
  to show it. If we get silver up to 4050 and
• 11:34
  as I know in my heart, $60.00 per oz in April, these mining
• 11:39
  stocks are going to go through the roof.
• 11:41
  But what's even crazier is that on the development side, right?
• 11:45
  Companies that aren't yet mining, but all already have
• 11:49
  ounces of gold that have been determined in the ground.
• 11:53
  They have resources that have been scientifically proven in
• 11:56
  the ground. Those stocks have really not
• 11:59
  moved yet either. In a lot of times when it comes
• 12:02
  to gold, you can buy these development stage companies for
• 12:05
  the equivalent of like $10 or less per ounce of gold in the
• 12:10
  ground. And with the silver developers,
• 12:12
  same thing. You can buy some of those where
• 12:14
  where you're getting ounces of silver in the ground for 50
• 12:19
  cents, $0.25, but a lot of times under $1.00 per ounce of silver.
• 12:24
  Now there's risk involved in building mines and who knows
• 12:28
  what will happen, right? The I don't have a crystal ball,
• 12:31
  but what I can tell you is that right now, if you believe that
• 12:35
  the price of gold and silver still have further to rise and
• 12:39
  you're looking at this mining sector where there's so much
• 12:42
  demand for the metals and you look at the valuations that you
• 12:47
  can buy these companies at, in particular the development stage
• 12:51
  companies. Look, I love, I love, I love
• 12:54
  here, I'll show you the other side.
• 12:55
  This is the other side of that round from Firstman.
• 13:00
  I love silver. I love physical metal, no doubt
• 13:03
  about it. To me, the second best thing is
• 13:06
  to own stock in a company that's got a boatload of it in the
• 13:09
  ground when I can buy, right, the equivalent of this for less
• 13:13
  than a dollar per oz in the ground.
• 13:16
  So again, I just wanted to point that out, right.
• 13:20
  I don't have a crystal ball, not a financial planner, but but I
• 13:24
  am super excited about the prospects for the gold and
• 13:29
  silver mining sector in general, but in particular the
• 13:32
  development stage companies, OK, Because look, they also the
• 13:37
  other thing and this is good. It's been painful, right?
• 13:40
  Look, I know all any anyone who's owned gold or silver
• 13:43
  development stage companies is has been through a painful
• 13:46
  period. They were beat down.
• 13:48
  The sentiment was beat down as low as it could go.
• 13:53
  The good news and that is, is that we've gotten to a point and
• 13:56
  it has started to improve and some of these companies have had
• 13:59
  right, my portfolio's done pretty well over the last 2-3
• 14:03
  months. There's been a little bit of
• 14:05
  upward movement, but the idea that when you get beat down so
• 14:09
  far, the only way you can go up is certainly true in that
• 14:12
  sector. OK, so just my thought, I wanted
• 14:15
  to share that with you. Let's talk about a squeeze.
• 14:18
  Remember the gold squeeze article are are the gold squeeze
• 14:21
  situation that the EC CB was talking about.
• 14:24
  Let's run out here and Oh no, here, I got one more thing to
• 14:29
  show you on that we're not done yet.
• 14:31
  We are not done yet. Here we go and all right, this
• 14:37
  is what what's crazy? This is a chart of the Junior
• 14:42
  Gold Miners ETF. So this tracks all the junior
• 14:45
  gold mining companies. OK, We go back to 2020, all
• 14:50
  right? And we look right now, we are
• 14:52
  barely higher in that index than we were in the year 2020, OK?
• 14:57
  I want you to remember that because now we are going to go
• 15:02
  back to the tab that we just looked at, all right?
• 15:06
  And hold on here, if you look at 2020, again on this, I'm sorry,
• 15:13
  wrong year, bear with me, Here we go right here.
• 15:17
  That's how much profit per oz on average was being made in 2020.
• 15:22
  Again, this is how much profit per oz is being made right now,
• 15:27
  easily three times, maybe 4 times as more per oz.
• 15:31
  So don't forget again the very interesting prospect, I believe
• 15:36
  within that sector. Let's go out here to our friend
• 15:39
  Neil Christensen. This is where we get this crazy,
• 15:43
  absolute crazy statistic about gold.
• 15:46
  Don't tell the ECB, but gold shines is faith in global bonds
• 15:50
  waivers. We are moving into a potential
• 15:54
  financial crisis Potential, right?
• 15:57
  Everybody's talking about it. The worldwide debt markets in
• 16:00
  the US debt market are having major problems in yellow.
• 16:03
  He says it was an interesting week for gold.
• 16:05
  Gold did end up nearly 5% OK as investors question the stability
• 16:10
  of the global bonds amid rising concerns over unsustainable
• 16:14
  sovereign debt, 2 disappointing bond auctions Guys, remember,
• 16:19
  the bond market is multiples bigger than the stock market.
• 16:22
  We got to remember that. OK, so 2 failed bond auctions
• 16:25
  rattled financial markets. Japan saw its worst 30 year bond
• 16:31
  auction in decades, pushing yields above 3.2%.
• 16:36
  Later the same day, the US held a weak 20 year bond sale,
• 16:40
  sending the 30 year yield to 5%. Typically, bond yields arise
• 16:48
  during periods of good economic strength, but that's not the
• 16:51
  case now. Bond yields are going up because
• 16:54
  people are freaked out about the world debt.
• 16:57
  Okay. And then they talk about gold.
• 16:59
  Remember, the ECB actually, in a report they put out earlier in
• 17:04
  the week, talked about how gold could disrupt the world's
• 17:07
  financial markets and actually said that we could.
• 17:12
  We could see a squeeze in the gold market.
• 17:17
  But that's not the crazy part I'm going to read.
• 17:19
  This is an unbelievable fact about gold that I didn't know.
• 17:22
  That shocked me. We're going to get to it here.
• 17:24
  When we analyze gold's performance, we find that it
• 17:27
  holds up, remains liquid and acts as a robust hedge.
• 17:30
  That was Joe Cavitani, senior market strategist at the World
• 17:34
  Gold Council. He said, quote, we observed no
• 17:37
  significant disruptions even during tariff related concerns
• 17:40
  over the past six months. These characteristics reinforce
• 17:44
  gold's role as a strategic asset in volatile periods.
• 17:48
  Then this is this is it. Hold on, take a deep breath.
• 17:51
  The World Gold Council also underlined the scale of the gold
• 17:55
  market. They were responding to the ECB
• 17:58
  saying that there could be instability in the gold market.
• 18:02
  The scale of the gold market with average daily trading
• 18:06
  volumes of around $165 billion, second only to the S&P 500
• 18:16
  futures. I had no idea, did you, that
• 18:20
  gold was that dominant in the world financial markets, second
• 18:24
  only, second only to the S&P 500 futures markets.
• 18:29
  I don't know. It's getting very, very
• 18:31
  interesting out there. Other super big news, Why do we
• 18:34
  pay attention to the the DXY, the DXY index, the dollar index
• 18:40
  could be the the ultimate rocket fuel tailwind that so a non Fiat
• 18:45
  assets need things like gold, silver, commodities, even crypto
• 18:50
  currencies. OK, will be will benefit as the
• 18:53
  DXY index goes down. And this was a critical week in
• 18:57
  the DXY index. Let's go take a quick look at
• 19:00
  what we have there and hold on, hold on, we're going to get
• 19:07
  there. Here we go, DXY.
• 19:16
  Google knows I look at it so much.
• 19:18
  OK, here we go from MarketWatch, the dollar index, which is so
• 19:22
  critical again, right? This is comparing the the
• 19:26
  prettiest horses in the glue factory, however you want to say
• 19:29
  it, but we are back below 100. Woohoo all right, get out the
• 19:33
  party poppers. Good news, the DXY index did go
• 19:37
  back below 100. There's a one day chart you can
• 19:40
  see Friday it just fell and fell and fell.
• 19:43
  We look at it on a 5 day basis. It also fell and fell earlier in
• 19:49
  the week. It was as high as one O 1 or
• 19:51
  getting very close. It was a very close to one O 1.
• 19:55
  And again guys, this is so cool. This this this will get you.
• 20:02
  I don't mean to get you too excited, but this will get you
• 20:04
  very excited as a non Fiat investor.
• 20:10
  All right there, that red line is right at 100 in the DXY
• 20:16
  index. Again, we are now below that, no
• 20:19
  doubt about it, but here we are at 99.
• 20:23
  This goes back all the way to the mid 1980s, as you can see,
• 20:27
  right? We only had this period a little
• 20:30
  bit in the 80s. And then just recently we poked
• 20:35
  up above where we were actually above 100.
• 20:37
  So to get a number down here, there's 75, something like 75 is
• 20:43
  not out of the question, right? We were down there for a long,
• 20:46
  long time. But the coolest part, the
• 20:49
  absolute beautiful part of this is if we take hold on, if we
• 20:54
  look at the 10 year period from 2001, OK, all the way down here
• 20:59
  to about 2011 time frame where the DXY drop from above 100 all
• 21:05
  the way down to 75. All right, remember that because
• 21:09
  I'm going to come back and look you in the eye, OK?
• 21:12
  During that period, for instance, that's when the silver
• 21:17
  price went from $5.00 an ounce all the way to $50 per oz.
• 21:22
  Yes, silver hit $50 per oz in 2011, in 2011 dollars, which
• 21:28
  would probably be something like, I don't know, 75 or $85
• 21:32
  per oz right now. So when we look at that DXY
• 21:35
  index, yeah, we know it's like, it's like it just compares a
• 21:38
  bunch of crappy currencies with each other.
• 21:40
  That's the reality. Compares the dollar to the euro
• 21:42
  to the yen. OK, it's, it's like comparing
• 21:45
  the it's like comparing 3 guys that jump off the top of the
• 21:48
  Empire State Building and they're all headed toward doom
• 21:52
  and they're looking at each other saying, oh, I'm, I'm
• 21:54
  falling slower than you are, right?
• 21:56
  I mean, so, so, but it's critical for us to understand
• 22:01
  that as the dollar index does drop below 100, it could
• 22:05
  provide, if we decide to use the US dollar as our unit of measure
• 22:09
  to measure the value of an ounce of gold or of an ounce of
• 22:14
  silver, it will provide a steady tailwind, right?
• 22:19
  It will provide support in that arena.
• 22:22
  Guys, let's talk about, let's go out and look at the dude real
• 22:26
  quick here. Let's talk about what's I'll be
• 22:28
  right back. Hold on one second.
• 22:30
  I want to look at what is we talked about manipulation in the
• 22:37
  market. I'm not sharing the right
• 22:40
  screen. There we go, Hold on here and
• 22:47
  the dude. There we go, the dude.
• 22:52
  All right, this is the dude on X, right?
• 22:58
  He follows and he gives us the data.
• 23:02
  Sorry, did not have this prepared, but here we go.
• 23:07
  This is Friday's. Yep, Friday, May 23rd.
• 23:11
  Friday's data on how much silver was traded on the on the
• 23:17
  electronic markets, the silver market traded 250 million paper
• 23:21
  oz. Yesterday, the COMEX had two
• 23:23
  deliveries, 250 million paper oz.
• 23:26
  Darn near and one day the equivalent of 1/3 of what's
• 23:32
  traded of I'm sorry about the entire mining sector digs out of
• 23:36
  the ground on an annual basis. Just incredible.
• 23:39
  Let's go look at the come on, There he is.
• 23:45
  Let's look at the price of silver and gold in China.
• 23:49
  Here we are. This is the Oriental ghost,
• 23:52
  another great contributor to the precious metals sector.
• 23:55
  He gives U.S. data. There he is right there.
• 23:59
  He gives U.S. data to see the difference between the price of
• 24:02
  silver in China and the price of silver in the United States.
• 24:07
  So here we are right here. This is the SGE, also known as
• 24:14
  the Shanghai Gold Exchange. This is the silver price AG, and
• 24:20
  their silver price is $35.67. Why is this important?
• 24:26
  I'll tell you why it's important because the Shanghai Gold
• 24:29
  Exchange is a physical market. You must have the physical metal
• 24:35
  to trade on the Shanghai Gold Exchange.
• 24:37
  Compare that to the price in the US future market.
• 24:40
  Let's go. We'll go take a look.
• 24:42
  Let's go take a look and see. So what do we say 3567, is that
• 24:48
  right? OK.
• 24:49
  So $35.67 and if we go look at the silver market in the United
• 24:55
  States, this is the there we are, that's the futures market
• 25:03
  and we're at $33.64, two full dollars lower.
• 25:09
  That's what Eric Sprott was talking about earlier.
• 25:12
  This this disconnect between the the markets in the East, right
• 25:17
  in China, India, in the markets in the West here we are two full
• 25:23
  dollars lower. You know what, while we're out
• 25:25
  here, this is interesting. This is very, very interesting.
• 25:28
  This is a one year chart of the silver price.
• 25:32
  Hold on here, I want to show you something that could, oh, let's
• 25:36
  see if we can get it all on there.
• 25:38
  There we go, $33.64. Guys, I want you to look right
• 25:43
  here. What does this say, $35?
• 25:47
  I want you to look right here. This was late last year.
• 25:51
  Silver hit $35, right? Right around the end of October.
• 25:55
  I want you to look right here, right?
• 25:57
  Not too long ago, silver hit $35.
• 26:01
  That's two times. OK, the next time, right now, we
• 26:07
  got to get there. We're at 3364.
• 26:10
  But the next time that silver hits $35, that will be a triple
• 26:16
  top. OK, now here's what's really
• 26:19
  cool. Statistically speaking, being
• 26:22
  rejected in the triple top becomes very, very unlikely.
• 26:27
  If we So we what we should do when we get there, we got to get
• 26:31
  there. We got to get to 35 on that
• 26:33
  chart. Once we get through 35 and get
• 26:36
  up to like 36, it will be off to the races.
• 26:40
  It will be off to the races. Let's go back and look at that
• 26:43
  chart again. So I want to show you something
• 26:44
  else. This gets me very, very excited.
• 26:48
  The the odds that we go to 35 and get rejected back down are
• 26:53
  very minimal. If we do the 4th time that we
• 26:56
  had 35, it's almost infinitely impossible.
• 27:00
  It is possible, but almost infinitely impossible that we do
• 27:04
  not go through and continue upwards.
• 27:06
  So whether we're looking next week, next month or next year,
• 27:11
  it is going to be a massive breakout in the in the silver
• 27:15
  market. I'm sorry, the other thing
• 27:17
  that's going on, look at this full year of silver.
• 27:21
  Do you see how we have basically stayed, we stayed in these
• 27:24
  ranges in the silver market where there's been massive
• 27:29
  consolidation. You know, if we if we draw, we
• 27:33
  draw like let's look at let's go.
• 27:37
  Now you know what, hold on. I want to show you something
• 27:39
  that I think is very interesting in this market.
• 27:42
  If we draw a line at 3250, OK, and we draw another line here at
• 27:50
  $30, look at this, wow, this is on the fly, but this is
• 27:54
  critical. This is going to make front page
• 27:56
  Wall Street Journal. So look at that range, OK,
• 27:59
  between $30 and 3250, we've not spent much time.
• 28:05
  We did there, we did here and we have a little bit there above or
• 28:09
  below that range, that $2.00 range, OK, So what's going on in
• 28:15
  this area? Let's we'll make that green
• 28:18
  'cause that's where we are. This area right here, this $2.00
• 28:22
  range is consolidation. Now think about this.
• 28:27
  That means that all the people that were Chicken Littles that
• 28:31
  thought, oh, silver's never going to go to $60.00 like that
• 28:34
  crazy guy in his basement in Saint Louis is always telling
• 28:37
  us, I got to get out. Silver's now they'll never let
• 28:39
  it go up. All those people have sold.
• 28:42
  That was a full year. So what that means is more and
• 28:46
  more people who are strong hands, right?
• 28:49
  Have strong silver hands, silver fingers, sticky silver fingers.
• 28:54
  I don't know. We got to come up with something
• 28:55
  to describe it, right? Somebody who buys silver, like
• 28:59
  me, right, and never sells it, period.
• 29:02
  I've never sold an ounce of silver.
• 29:04
  But all those more and more new people, all the weaklings, all
• 29:08
  the people that have copper fingers, get out of silver,
• 29:12
  right? They're gone.
• 29:13
  Now. We've got a whole during that
• 29:15
  period, a whole big group of people who have bought, who have
• 29:18
  bought silver and are going to stick by it.
• 29:20
  Absolutely. OK, let's let's look at
• 29:23
  something funny. Well, this is not funny, but we
• 29:26
  do have a worldwide debt crisis. I got to run through this one
• 29:30
  quickly. This came from LinkedIn and
• 29:34
  Clive Thompson around the world. The 30 year government bonds are
• 29:38
  just are just crumbling guys. All those charts, 123412 charts
• 29:44
  are all the different charts of all the different 30 year bond
• 29:48
  yields in all the different major developed countries around
• 29:50
  the world. Just look at it.
• 29:52
  You can see they're all exploding higher.
• 29:54
  That is not good. That means that investors are
• 29:57
  not willing to loan money to governments because they don't
• 30:00
  trust that they're going to get paid back with dollars yens EUR,
• 30:04
  whatever you want to call it right that are going to be worth
• 30:07
  as much. It's not a good business
• 30:09
  decision. So this this situation that
• 30:12
  we're in the world right now from a debt situation is is
• 30:16
  coming home. The the hens are coming home to
• 30:20
  roost. All right guys, thanks for being
• 30:22
  here. Thanks for being part of the
• 30:24
  basement. It's always a big deal when you
• 30:25
  join me. I do want to say thank you to my
• 30:28
  other sponsors, Ledger, Ledger. Ledger is the cold storage
• 30:34
  hardware wallet, right? Crypto security leader.
• 30:37
  If you haven't heard of them, you will.
• 30:39
  They're a great company based in Paris, France.
• 30:42
  I'm very grateful for their sponsorship and Moon Pay, right?
• 30:45
  Moon Pay is the fintech leader, another company that's growing
• 30:50
  and innovating like crazy. It's a big honor to have two top
• 30:54
  tier companies as sponsors along with our friends at First Mint,
• 30:58
  right? Primary sponsors of silver and
• 31:00
  gold content here in Ron's basement just forgot.
• 31:05
  Hold on. Don't forget, guys.
• 31:10
  You know what's in here? Any idea what's in here?
• 31:13
  I'll tell you what's in here. This is the take the lid off
• 31:18
  Dirty Man Safe. OK, if you want to be like a
• 31:23
  pirate, right? You want to store something in
• 31:26
  the ground, you bury these in the ground.
• 31:28
  Do yourself a favor, Go learn about Dirty Man Safe at
• 31:32
  dirtymansafe.com. They do have a discount code.
• 31:35
  Do you see it on there? Hold on, Ron 10.
• 31:38
  These things are awesome. I mean, really cool.
• 31:40
  This is The Dirty Girl. It's a smaller one, but you open
• 31:44
  them up, you put whatever you like in there.
• 31:46
  I've got a Unicorn in there. People put precious metals.
• 31:49
  You can store anything, but it's in the ground.
• 31:51
  It's safe from things like fire, flood.
• 31:54
  It's a great way to diversify. Maybe you got a safe in your
• 31:57
  house. Maybe you have a safety deposit
• 31:58
  box. I'm not telling you what to do,
• 32:01
  but the darn pirates were pretty successful, right?
• 32:04
  Storing their precious metals in the ground, most of which people
• 32:09
  are still searching for today. Thank you for being here.
• 32:12
  All right, Thanks for being part of this show.
• 32:15
  Have a great day and I will see you soon.
• 32:18
  Bye bye.