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**SHOCKING** This CHANGES Everything for Silver PRICE! (Gold Price Too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  It's estimated that 400 million ounces of silver have been
• 0:05
  removed from the vaults of the Comex, the LBMA, and the silver
• 0:11
  ETS in the last three years alone.
• 0:18
  That's not even accounting for the massive silver deficit that
• 0:23
  we have this year, 2024. Today is August 15th, 2024.
• 0:30
  The silver price is up almost three percent, $28.50 in the
• 0:38
  spot market. I have a question for you.
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  Where do you think 2 years from today, August 15th, 2026, the
• 0:47
  silver price will be? In this video we're going to
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  talk about some big picture critical components that will
• 0:56
  drive the price of silver over the next two years.
• 1:01
  Will the silver price be $50.00 in 2026 or could we even see
• 1:08
  triple digit silver? Let's explore what's going on
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  and why we can be wildly optimistic about the future of
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  the silver price. Houston, we have a problem.
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  We are consuming way more silver on an annual basis than is being
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  produced by the mining sector. Take a look at this.
• 1:31
  If you consider that yellow sand at the top to be the above
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  ground silver in the world, there's only so much of that.
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  And remember that pile is shrinking, not growing because
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  every year over the last three to four years the world has
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  needed to tap into the surplus above ground silver.
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  We some kind sometimes call it the silver slush fund, the
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  silver surplus fund. But you may notice that amount
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  of yellow sand at the top is shrinking and shrinking.
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  And eventually it will get to critical levels, which could
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  result in critical price increases for silver.
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  And we can't emphasize that enough because eventually we'll
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  get to this point, see how there's hardly any silver left.
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  And when it gets to this point, people will really wake up to
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  the idea that there's a limited amount of silver in this world.
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  And the only thing that'll fix that will be price.
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  Before we talk about that, I want to say thank you for
• 2:42
  joining me here in the BASEMENT. You are the most important part
• 2:46
  of Ron's basement. Please leave a comment.
• 2:49
  If you haven't subscribed to the channel, please do that.
• 2:52
  It's free. And if you have already
• 2:54
  subscribed or if you are subscribing, make sure you press
• 2:57
  the bell so you get notified every time we go live, which is
• 3:01
  usually every single day, or put out a new video.
• 3:05
  We want you to come back. We want you to realize you're
• 3:08
  always welcome here and we want you to be part of this
• 3:12
  community. Price fixes every anything, but
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  with silver does it because we need to recognize a couple
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  critical, critical points when it comes to silver production #1
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  the amount of silver being produced on an annual basis.
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  Right now, 2024 is going down. On top of that, the amount of
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  money being spent on exploring for new silver has gone down,
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  down, down over the last number of decades.
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  With these artificially suppressed prices in silver,
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  it's not become economically attractive for companies to go
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  out exploring for silver. You can count on these two hands
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  the number of companies that are out there actively drilling,
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  spending money on trying to find new silver.
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  So when the price does shoot up, there's not going to be a huge
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  supply of development stage projects or big discoveries that
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  have been made over a number of years.
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  It's going to take decades for the silver supply to catch up
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  with. Remember what we talked about
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  earlier, The world is running out of silver.
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  You're smart, you got a good head on your shoulders.
• 4:31
  You need to make your mind up for yourself if this all makes
• 4:34
  sense or not. But if it does make sense and
• 4:37
  you decide to responsibly stack some silver, I want to encourage
• 4:42
  you to please check out our channel sponsor Pimbex Pi MB EX
• 4:48
  pimbex.com is where you can find a great selection of silver,
• 4:53
  gold and platinum group metals. You can find great customer
• 4:57
  service accompanied with a great reputation.
• 5:00
  I encourage you to research that for yourself, but most
• 5:03
  importantly, the best prices around so that you can get more
• 5:07
  metal for your money. They can also help out with IRA
• 5:11
  conversions and I would highly recommend that you throw them
• 5:15
  into the mix. Whether you're buying bullion to
• 5:18
  to stack personally or if you want to use it through your IRA.
• 5:23
  Do yourself a favor and check out Pembex.
• 5:25
  I think Pembex is best and you will too.
• 5:28
  You're going to have a fun 10 years as a silver stacker as the
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  price of silver tries to catch up with demand because that's
• 5:37
  how long it's going to take for the mining sector to catch up.
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  Don't forget, further complicating matters for the
• 5:45
  silver market is this absolute fact that the demand for silver
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  is going through the roof. Electronics, solar panels,
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  electric cars, water purification.
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  We could talk for the next hour about all the expanding demand
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  sources for silver. All of this happening while we
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  have a decrease in supply coming from the mining sector.
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  If you looked at the gold to silver ratio lately, what about
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  considering China and India First?
• 6:20
  I want to say thank you to channel sponsor First Mining
• 6:23
  Gold. Canadian gold developer with two
• 6:25
  multi million ounce projects in Canada.
• 6:29
  Also Fortuna Mining, a gold and silver mining company with major
• 6:35
  operations in Latin America and West Africa.
• 6:39
  You can learn more about both of these companies.
• 6:42
  They sponsor Ron's Basement. I'm not giving investment
• 6:45
  advice, but I have links to their websites in the
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  description of this video. Let's talk about the historic
• 6:53
  highs that we have right now in the gold to silver ratio because
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  everything we've talked about when it comes to silver, right
• 7:00
  points us in the direction that there are bright days ahead for
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  the silver price. But then when we consider the
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  fact that the gold to silver ratio right now is sitting at
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  all time highs, that means it takes more ounces of silver to
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  convert the one ounce of gold then darn near any other time in
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  history. You're talking about needing to
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  convert 90 or so ounces of silver if you want to get one
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  ounce of gold. Remember, when it comes to the
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  mining ratio, it's conservative, very conservative to say that
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  there's only 10 ounces of silver that are dug up out of the
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  ground each year for each one ounce of gold.
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  And we have a cherry on top when it comes to the outlook for
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  silver, something that truly is different this time.
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  We know that silver went to $50 per oz in 1980, but what is
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  significantly different right now as compared to then is the
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  fact that now we have unbelievable demand for silver
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  coming from the East. We all know about the bricks six
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  countries and what they're doing with precious metals, in
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  particular gold. But guys, China and India are
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  new kids on the block here in 2024 as compared to 1980, the
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  last time we had an all time high in the silver price.
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  Look, China and India are devouring the world's silver
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  resources. This is a new factor which
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  really throws a, a, a, a wrench into a lot of the long standing
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  models that people have used to talk about pricing of silver.
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  We talked about a lot of big factors, right, mine supply,
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  demand factors. There's a lot going on that
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  makes prospects for silver very, very attractive.
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  But when you consider what's going on right now with China
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  and India, each with populations of 1.4 billion people each, with
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  massively expanding economies, what do you think we're going to
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  see in 2024? I'm real confident that if we
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  come back and revisit this video on August 15th, 2024, and I want
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  to see you back here in my fellow basement dwellers, that
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  we're going to have a big, big smile on our faces when we're
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  looking at the price of silver, the real value of silver.
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  One thing for sure, it's not going to be a straight ride up.
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  There'll be bumps in the road, but we'll be here together
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  supporting each other through it all.
• 9:56
  I appreciate you joining me today here in the basement.
• 9:59
  Don't forget, please subscribe to the channel, give this video
• 10:02
  a thumbs up and I'll look forward to seeing you next time.