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💥SILVER Price!💥 - THIS Is SHOCKING...(Gold Price Too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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  These valuations that we're seeing right now in the general
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  stock market are basically a Ponzi propelling the price of
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  gold and silver and precious metal mining stocks much, much
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  higher. We just got news today on
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  inflation up year over year, up month over month.
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  Guys, the Federal Reserve and Jerome Powell have given up the
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  fight on inflation. Do you know that?
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  Nothing will drive the price of silver and gold higher like
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  inflation. It's been that way for thousands
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  of years. There are temporary little
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  periods of relief or respite from that when the Fed is in
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  control. But the Fed is no longer in
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  control. the Fed has given up their fight on inflation.
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  They know the only chance they have to keep the system going is
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  to inflate away the debt. Let's go take a look at the US
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  debt clock and I'll make it real clear for you just exactly why
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  that is the case. You know, we are approaching $36
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  trillion in national debt. You know that we have a budget
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  deficit right now of $2 trillion.
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  If you want to see why that happens, go right here to the US
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  federal spending $7 trillion. Go over here, U.S.
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  Federal tax revenue, $5 trillion.
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  Yes, we're spending $2 trillion more than we're bringing in,
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  creating this massive deficit, which makes the national debt
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  bigger, which makes the interest on the debt bigger and bigger,
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  which in turn makes the deficit bigger, which in turn makes the
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  net, you know, right, it is. That is a doom cycle, right?
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  A debt spiral, A debt Whirlpool, whatever term you choose to
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  describe it. And President Trump's good
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  friend Elon Musk, while he's been sounding the alarm, he's
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  tweeted now several times, right, that the national debt is
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  out of control, the government spending is out of control.
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  There is so much uncertainty as we head into this next year.
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  I was wrong about 2024. I thought we would have much
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  more the major events that would have occurred during 2024.
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  And relatively speaking, it's been smooth sailing throughout
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  this year. But I think we'll be very
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  surprised in 2025, not just with inflation but also with this
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  major level of uncertainty. We don't know what President
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  Trump has planned basically at this point for 2025.
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  If he does half of the things that they're talking about, it's
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  going to create shock waves that go throughout the economy.
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  I'm not making any type of political statement.
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  We're here to talk about silver and gold and how actions by our
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  incoming president can have major impacts on a lot of
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  different things. And when there's big levels of
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  uncertainty, right, that is typically very good, people will
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  get scared. What's gonna happen to the stock
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  market? Think about this right now.
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  We are, by any measurement, any measurement in a bubble in the
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  stock market. It is atrocious.
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  Trust me, I'm an accountant by trade.
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  I worked for one of the big four accounting firms.
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  These valuations that we're seeing right now in the general
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  stock market are basically a Ponzi, right?
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  The actual assets that back up all these mega high stock
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  prices, it does not add up. And right now, if you're an
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  average American, right, this came from Goldman Sachs, you
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  have 50%, the average American, 50% of their personal household
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  wealth assets are invested into the stock market.
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  Some people have done very well. I don't know if you have, right?
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  If you've been invested in the general markets, hey, my hat's
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  off to you. But we must recognize that the
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  valuations by any measurement, any comparison throughout
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  history, any metric, any ratio you want to look at, we are in
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  double bubble, not just one bubble, double bubble territory.
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  And if that hits home and the average American suddenly looks
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  at their four O 1K and it's become a three O 1K, right,
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  maybe lost 25, thirty, 40% of its value, people are going to
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  freak out. Not to mention there's a little
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  bubble in the residential real estate market as well.
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  If people, you know, are thinking in their heads, well,
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  my house is worth $450,000, I'm in good shape.
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  And suddenly over the course of a year, like we had during the
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  great financial crisis, that house that they thought was
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  worth 450 is now maybe worth 300 or 250.
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  And their four O 1K has become a three O 1K.
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  What do you think people are going to do?
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  You know what they're going to do?
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  They're going to run to silver. They're going to run to gold.
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  The seed has been planted. Every American, every American
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  right now except you and me. Basement dwellers, right, does
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  not invest in gold and silver, but they all know, right?
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  You're like, you and I were like one in 101, in 200 people.
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  They all know from early childhood, people are taught
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  that silver and gold are valuable.
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  They're stable. We're starting to see the
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  beginning phases of this with the the Costco dads.
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  But I'm telling you right as we hit major uncertainty, if I'm
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  correct and look, I don't have a crystal ball, don't make any
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  financial decisions based on anything I'm saying.
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  We could see a wave and we don't need a big wave of people, just
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  a little wave to come into the precious metal sector, to come
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  into the precious metal mining stocks and it will make a huge
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  difference. I mean, multiples amount of
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  money coming into the sector. Now, if you decide that you want
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  to buy some silver, gold or platinum group metals, I want to
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  say thank you to channel sponsor Pinbecks.
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  They're an online bullion dealer.
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  Many of you are using them now to buy your silver, gold and
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  platinum group metals. And I've received overwhelmingly
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  positive feedback. That's what they can do for you
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  Pinbecks, right? They can sell you the precious
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  metals, but they do it at unbeatable prices, ultra
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  competitive pricing, so you always get more metal for your
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  money. Again, they've got a great
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  selection and most importantly, they're a company that you can
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  trust. You need to do your own due
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  diligence, do your own investigative work, read what
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  other people have said. I'll tell you from my experience
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  that I trust them, but that's something you need to determine
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  for yourself. And like I said, if you want to
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  get the best prices, the exact same stuff that they sell out
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  the other big, big mega online bullion dealers, exact same
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  stuff, often times for a dollar or two less per when you're
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  talking about silver. Check them out.
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  It's going to be crazy as we head through 2025.
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  OK, let me throw this final nugget at you about the economy.
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  If the economy is so strong right now, like the authority
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  figures want us to believe, why are commodities across the board
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  in the toilet? Whether you're talking about
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  food, oil, energy, precious metals, all the commodities
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  overall are in the toilet. If the economy was doing well,
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  guys, right, that means that there's big demand for
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  commodities, right? Commodity prices go up.
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  I think we could be in for some very interesting times here as
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  we head through the end of this year, but especially in the
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  2025. Who knows what's going to happen
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  with the new president in place. There are so many crazy
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  variables that could play out. We'll be here.
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  We'll get through it all. Thank you for joining me today.
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  I also want to say thank you to channel sponsor First Mining
• 8:25
  Gold, Canadian gold developer. If you want gold in the ground
• 8:28
  in Canada, that's what First Mining Gold can do for you.
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  They have two multi million ounce development stage projects
• 8:35
  in Canada and Fortuna Mining. They're an operating producing
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  silver and gold mining company. Silver and gold in Latin
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  America, gold in West Africa also, of course, our friends at
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  Pembac's. Hey, have a great day.
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  Thank you. Thanks to all our sponsors.
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  I'm going to look forward to seeing you next time.
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  Hang in there. I know this post Trump election
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  situation in the precious metals markets, in the precious metal
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  mining stock markets has been a bit challenging, but guys, bumps
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  in the road are normal during any bull market.
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  Take care, I'll see you soon.