Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **Silver Price** New CRITICAL Facts YOU Must Hear - (Gold and Iran NEWS Update too)

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**Silver Price** New CRITICAL Facts YOU Must Hear - (Gold and Iran NEWS Update too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:01
Silver and gold could be in for an epic 1970s style run.
0:07
I mean, skyrocketing prices. Guys, there is so much going on
0:10
right now. Of course, we have the situation
0:13
in the Middle East, but there's even more before that happened
0:16
that are factors that are contributing to what is just an
0:20
unbelievable period of time for the precious metals.
0:23
We're going to work through a number of things happening,
0:26
major breaking stories. So let's get started by going
0:29
out. It's Sunday, Monday night.
0:30
Let's take a look at what's happening in the gold and silver
0:33
markets right now. Let's head out and look at the
0:36
spot market 1st. And as we can see, we've got
0:41
silver up about $1.68 per oz. Looks like gold is doing a
0:48
little bit better. Hold on here.
0:50
I lost my screen. Gold up $86 per oz.
0:54
Silver at 9559. Let's run outlook at the futures
0:59
market where we've got silver at $95.87.
1:05
But the big story that's unfolding and the big factor
1:09
that will add to what was already a great environment for
1:13
silver and gold is the situation in the Middle East.
1:16
We don't like war, we don't like violence.
1:18
But look, we don't make the decisions and it's what's
1:21
happening and what we're going to talk about today step by step
1:24
could easily contribute to what we saw happen in the 1970s with
1:29
the gold and silver price where we saw returns that were darn
1:33
pretty much astronomical, I think is the best way we can sum
1:37
it up. Let's go out to Zero Hedge just
1:40
to get the latest news on what's happening in the Middle East.
1:44
And they are telling us this right now.
1:48
Operation Epic Fury. Sorry, guys, the computer is
1:52
acting up here. OK, Operation Epic Fury, Trump
1:56
now says that it can last four weeks as chaos is breaking loose
2:01
in the Middle East. We've got Britain talking about
2:04
joining the war, he says it could last four weeks.
2:07
Reports of hypersonic missile strikes on Jerusalem by Iran.
2:12
Those are the missiles that really, as I understand it,
2:15
can't be stopped by anything. They move it like unbelievable
2:18
speeds. The point here is that as of
2:21
right now, based on the information that we are getting,
2:24
the war situation in the Middle East, again, we don't.
2:28
We aren't a political channel, we aren't making judgments.
2:31
We are just dealing with reality.
2:33
And the reality on the ground looks that it's not getting any
2:36
better. But King Kong 98881 of the
2:39
smartest guys out there tells us something about war that that
2:45
that gives proof. You know, look, gold and silver
2:49
have been valuable for thousands of year.
2:51
War has been going on for thousands of years.
2:54
That's just the fact. And it's always been an
2:57
environment where gold and silver tend to do very, very
3:00
well. Let's look at what King Kong 988
3:02
has to say and talk about the reasons why this is so
3:06
critically important. He says if this war drags on, it
3:11
will cost the US trillions of dollars.
3:14
And I don't know about you, but that news that we just read that
3:17
Trump's now saying this could last four weeks.
3:19
Some people were saying, oh, it could be done in days, blah,
3:22
blah, blah, This could drag on, right?
3:25
Think of what's going on with with Russia and Ukraine,
3:28
etcetera. But this was something I hadn't
3:30
thought about when it comes to the war, two things.
3:33
OK, Number one, let me back up. It could cost us trillions of
3:37
dollars, like Iraq and Afghanistan.
3:40
In the long run, gold and silver prices go up.
3:44
And that's what we're focused on is the long run.
3:47
But think about it, with what's happening right now in the world
3:50
with this war #1 yes, it's costing in the United States
3:53
trillions of dollars. Do we have trillions of dollars
3:57
set aside for this? No, right?
4:00
We're already running a massive deficit in this country.
4:03
If this winds up getting drug out, even if it doesn't get drug
4:06
out, it's going to cost an astronomical amount of money in
4:09
the only place that money is going to come from.
4:11
Is this right here? OK, this guy in the Federal
4:15
Reserve, the printing press, that's Jerome Powell, head of
4:18
the Federal Reserve for the next few months anyway.
4:21
And when we print money, right, that just devalues the US dollar
4:26
and makes gold and silver do well.
4:27
But wait, there's more. Because the other reason why war
4:31
is so supportive for the for the precious metals prices is the
4:35
uncertainty. You've got money printing.
4:37
You've got the uncertainty, both of which are two of the major
4:41
drivers for gold and silver. So when we look at what's going
4:46
on, no, we don't have to like it, but it's an environment
4:49
where you probably are going to feel pretty good about the fact
4:52
that you own silver and gold and possibly precious metal mining
4:56
stocks. But I hope what you feel even
4:58
better about is being down here in the basement with me.
5:01
Seriously, this is not possible without you coming down here.
5:04
It's a dark, cold basement without you.
5:07
Thank you for your time. Thanks for being part and thanks
5:10
for being a basement dweller. Please subscribe to the channel
5:13
that's free. Leave a comment comment in the
5:15
comment section. We want to learn from you,
5:17
right, that you can contribute to this community.
5:20
Super chats are never expected, always appreciated.
5:23
And Oh yeah, upstairs Susie says give this a thumbs up.
5:27
OK, let's move on then and talk about what's at the Kuwait stock
5:31
all everything's breaking loose. The Kuwait stock market is just
5:35
one example, OK, of what's happening right now, and they're
5:41
talking about like major volatility in the Middle Eastern
5:44
stock markets. It'll be interesting to see what
5:46
happens tomorrow in our stock market.
5:48
But the Kuwait Stock Exchange halts trading until further
5:51
notice amid US, Israel strikes on Iran.
5:56
Guys, this is huge. What is going on right now?
5:59
Now, the other massive, massive thing, talk about the 1970s.
6:03
Remember when there was the energy shock?
6:05
That's when gold and silver exploded in price like they
6:08
never had in history. And it looks like we could be
6:12
moving into a very similar environment.
6:14
We talked and we're going to talk about the big reason why
6:17
next. But we talked about this a year
6:20
ago, two years ago. Stagflation, inflation, This is
6:23
what is happening right now. And what is going on in the
6:27
Straits of Hormuz, right? Could be one of the biggest
6:30
catalyst for the gold and silver price as we move into these
6:34
coming months, quarters and years.
6:36
But why? Why Do you know what the Straits
6:38
of Hormuz is? Here?
6:39
I've got a couple quick slides to show you #1 this is the
6:44
Straits of Hormuz, OK? Here is Iran.
6:47
It is the major artery of the world's economy, of the world's
6:51
energy source. Here's Iran.
6:53
OK, look at all these countries, Iraq, Kuwait, Iran, Qatar, the
6:58
United Arab Emirates, all there's the Persian Gulf right
7:01
here. All the world's oil flows
7:04
through here through this little choke point called the Strait of
7:08
Hormuz. And Iran, pretty much from what
7:11
we're reading, has shut it down. OK, this is a major deal. 20% of
7:15
the world's oil and energy goes through there.
7:18
Here I've got some information for you on this and why this is
7:21
so huge. It's the world's most critical
7:25
energy hold on world's most critical energy checkpoint
7:29
acting as a primary artery of global trade.
7:32
This could this could send the world economy into a spiral.
7:35
It's important stems from the following energy volume 20 to
7:39
30% of global seaborne oil, roughly 20 million barrels per
7:44
per day transit this narrow waterway.
7:46
It also handles about 20% of the world's liquid natural gas.
7:51
Economic impact, disruption 'cause massive economic.
7:54
This is the interesting part Asian dependence.
7:57
The region is vital for Asia. Over 80% of the oil passing
8:02
through the Straits of Hormuz is destined for markets like China,
8:06
India, Japan and South Korea. And there are no alternatives.
8:11
OK. And they are shutting it down
8:14
and they are. We get this news report from the
8:17
Wall Street Journal. They are blowing up ships.
8:20
OK. The oil tanker struck.
8:23
An oil tanker is struck in the Strait of Hormuz in first
8:26
shipping attack of the conflict. It was an oil tanker sanctioned
8:31
by the US, was attacked, is across the Strait of Hormuz.
8:34
OK, It is this right here, guys. This is Major.
8:40
Let me pull this up. This comes from the Kabasi
8:43
letter. The breaking Iran has attacked
8:46
an oil tanker named the Skylight near the Straits of Hormuz.
8:49
Maersk, which is like one of the world's biggest shipping
8:52
companies, is now suspending all shipments through the This is
8:57
the world's energy. The world's economy runs on
8:59
energy and all the energy. One of the mate, one of the
9:03
major arteries for the world's energy, runs through the Straits
9:06
of Hormuz. Let's just watch this 10 seconds
9:09
long. Here's the ship that got struck.
9:20
OK, one more critical point to remember.
9:23
Hold on here. When it comes to what there we
9:27
are now we're back. What happens there?
9:28
Think about China. China was getting a ton of their
9:31
oil from where? Venezuela, that's been shut off.
9:35
China was also getting a ton of their oil from where?
9:38
Right? The Persian Gulf for now, it
9:40
appears. I mean, there's differing
9:42
reports, I've read reports that say the Straits of Hormuz has
9:45
been completely shut down. We'll see how this develops.
9:49
But the bottom line, guys, is this creates an energy shock
9:52
like we had in the 1970s. People lining up to buy gas or
9:56
gas or whatever. All right, People are saying the
9:58
price of oil is going to skyrocket.
10:00
Maybe we'll try to check on that in a minute.
10:02
But it's going to create an environment just like we had in
10:05
the 70s for gold and silver. And remember, silver in the
10:09
1970s went from below $1.50 an ounce all the way to $50 per oz.
10:16
I think it was like AI don't know a 27% and I'm sorry, not
10:20
2727 times. It went up 27 times in value.
10:26
So we're going to keep a close eye on that.
10:28
Now we're getting all kinds of unbelievable reports from around
10:32
the world about the gold price, about what's going on in China,
10:35
the silver price. We're going to cover all that.
10:37
First, I want to say thank you to channel sponsor First meant
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basement. Let's go to China, $6000 gold.
11:35
Look, we're getting unbelievable reports from all around the
11:39
world. Let's check and see what we
11:43
heard from the one and only Orio.
11:45
And then it gets super interesting.
11:47
Guys, we are in a new, we are in a new world, a new paradigm for
11:52
silver and gold. And we got a bunch of reasons
11:54
we're going to look at right now.
11:56
Breaking Chinese. Zejang Bank just issued a notice
12:01
that there's a big deviation in the price leading to the
12:04
depletion of accumulated gold liquidity.
12:07
The trading will be closed. A huge amount of R&B savings are
12:11
waiting to the market to open on Monday.
12:14
And he says the dark market in China touched $6000.
12:21
This is from the Oriental Ghost, who is a respected and reliable
12:25
source of information about the Chinese precious metals markets,
12:30
and he's telling us that the Chinese dark market touched
12:33
$6000. Let's get a little more info
12:37
about this Chinese bank and because this comes from Vince
12:40
Lancy, right? Super respected guy here in the
12:43
United States. He's like one of the top analyst
12:48
in comments when it comes to the precious metals.
12:50
He says if this is in reference to China suspending trading, OK
12:55
He says if this is true pre emptively shutting your market
13:01
for protective reasons is not a good luck at all as marketplaces
13:05
go, that's the difference between markets.
13:07
They can function somewhat freely and markets in a command
13:10
economy and it's significant that a nation would use this
13:13
tool in a knee jerk reaction. If the comex or the Nymex shut
13:17
shut it would be bedlam. Consider what happened in 911 to
13:21
oil trading, to the oil trading floors comparison.
13:24
And what happened then was, you know, some serious chaos.
13:28
And here's a whole letter from a Chinese bank saying that
13:31
basically, guys, our bank read the last paragraph.
13:36
Our bank apologizes for the inconvenience that this may have
13:40
caused you. Thank you very much for your
13:42
understanding, support and cooperation, blah blah blah.
13:45
They basically in this letter said that because of market
13:48
conditions, we may need to shut down gold trading all together.
13:53
I imagine silver trading as well.
13:55
Things are happening all over the world.
13:58
And then we've got rumors. I'll emphasize speculation and
14:02
rumors about this from China. This came from David Lee,
14:06
another guy who's got the inside scoop on China.
14:10
He says that rumors at the Shenzhen Shubai, that's their
14:13
major gold market, that some shops are, oh, hold on here,
14:19
hold on, now we're back. Sorry, we kind of froze up there
14:24
for a second. Rumors from the Shenzhen Shubai
14:27
Gold market that some shops are unable to buy gold bars to make
14:30
jewelry. There seems to be a shortage for
14:33
gold bars in recent days. It is still rumors now, but just
14:38
a heads up that we may be entering very turbulent times.
14:43
Now we know when it Hold on here, guys.
14:49
Now we're back, OK? Sorry, even the Internet,
14:52
Internet is acting crazy right now.
14:54
We know that things are breaking loose everywhere when it comes
14:58
to gold, silver as well, OK, the fundamental think about this,
15:03
take a step back. What we just talked about,
15:05
what's going on in China, what's going on in the Middle East.
15:08
Don't forget there's a lot of things happening in Europe as
15:11
well with Ukraine and Russia. What about Mexico and all the
15:14
cartel unrest that's been going on?
15:17
Those things are layered on on top of what was already an
15:21
incredible fundamental story happening right now for silver
15:26
and gold in the United States. We're a little bit asleep,
15:29
right? The herd is not woken up yet.
15:31
But around the world, we're getting reports of people still
15:35
going absolutely crazy for silver and gold.
15:39
Let's go to Singapore, one of the richest countries in the
15:41
world, and see some astonishing data.
15:44
The most recent update that we got from Bullion Star, one of
15:47
the biggest and most respected bullion dealers in Singapore.
15:52
This is what they're telling us about what they're seeing on the
15:55
ground. Real data.
15:56
This is their most recent update from Bullion Star.
15:59
This was from the 27th, so Friday, but still, right?
16:04
Who knows what's happening now. This morning at Bullion Star,
16:08
silver corrected over the past month, gold holding steady.
16:12
People still lining up for physical metal corrections don't
16:16
scare physical buyers away. They bring them in.
16:20
And that is so important because this rally that we've had in the
16:25
precious metals market, gold and silver has not been a paper
16:29
futures driven, make believe driven rally.
16:32
It's been driven by one thing and that's physical demand.
16:36
And let's watch this. It's only three seconds, but
16:39
it's these people aren't lined up to get the tickets for a
16:42
Taylor Swift concert. No, they are at, as you can see
16:46
right here, Bullion Star and check this out.
16:55
I like the background music. So people are still lining up
16:59
all over the world to get their hands on silver and gold.
17:03
And on top of that, like we said, the reason, the reason why
17:06
we focus on this being a physical rally is because we
17:09
know they're stressed. Let's do a little update on the
17:12
Comex, right. Remember the COMEX is the
17:15
electronic exchange here in the United States, the futures, the
17:18
make believe fantasy Island silver and what's going on at
17:22
the COMEX. I didn't realize I didn't really
17:24
think about this till I saw a great piece of information put
17:28
out by Peter Spina who brings this up the COMEX Silver Drain
17:33
train. January, the month of January,
17:37
51 million oz were drained from the Comex February, just a few
17:42
million oz lower at 48 million. That is one of that's 99 we'll
17:48
round up. That's 100 million oz.
17:51
He says these amounts don't include the 25,000,000 oz issued
17:55
and stopped in the February delivery month.
17:58
The rapacious silver demand will continue until available
18:03
supplies are depleted. And we're also at the start of
18:06
the sixth year of a structural deficit in silver, according to
18:10
the ongoing reports from the Silver Institute.
18:13
And that came from respected analyst Mr. Ed Steer.
18:18
And just in when we thought we couldn't get enough good news
18:22
about silver, let's remember our friends at Bank of America are
18:27
standing by their target of $135 and they're giving us reasons
18:32
for their new target. Supply deficit is real.
18:35
Silver mining globally is about 815,000,000 oz and not
18:40
increasing. That's so critical, right?
18:42
There is not more silver being that's going to be produced.
18:49
What's the guys name? Phillip Phillips Baker, the ex
18:53
CEO of Hecla Mining, recently said he didn't think that the
18:56
mining sector could start producing more silver until the
19:00
year 2030. OK, the mining industry is
19:03
struggling to maintain current levels of production.
19:07
Most mines are in decline. Fewer new mines in the pipeline
19:12
to replace old mines in industrial demand keeps growing.
19:16
Solar panels, 5G, well, we never talk about that.
19:20
Computer chips, AI infrastructure, EV batteries.
19:23
I mean, think, think about that alone.
19:25
Solar panels, 5G computer chips, AI infrastructure, and EV
19:31
batteries. And there's the article from
19:33
Looks like investing.com from Hilary Remy.
19:38
Man, the fundamental. Maybe we need to do a quick
19:41
review when the demand for any commodity is higher than the
19:46
supply, there's only one thing that fixes that and that is
19:50
price and the demand. Well, alright, let's go.
19:53
We got, we got more to talk. We got Michael Oliver sums it up
19:56
here in a little bit. But the demand for silver?
20:00
And then when you consider the monetary basis of silver, it's
20:04
really truly an unbelievable situation.
20:07
I do want to say thank you to 1st Mining Gold for sponsoring
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20:40
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You can learn about them at First Mining Gold dot com Sprott
21:01
money. If you heard of Eric Sprott,
21:03
he's like the king of silver. Seriously, if there was one guy
21:07
that we were going to say he's a billionaire, he started Sprott
21:10
Asset Management like one of the biggest, most respected precious
21:14
metals focused companies in the world.
21:17
And Eric Sprott made billions of dollar millions, but he's a
21:21
billionaire, so billion at least of of money in the precious
21:26
metal sector. He knows what he's talking
21:28
about. He loves silver and he's got
21:31
some interesting things to say. And then we're going to sum up
21:34
kind of the one 2-3 punch that from what Eric says.
21:37
But let's go watch a short video with Eric Sprott talking about
21:41
what's happening right now. This comes from Sprott money in.
21:49
I'm sorry, this I screwed up. Well, boy, I really screwed up
21:54
Derek Sprott video. Well, I'll show you that one
21:56
tomorrow. This is from Sprott Money and
21:59
it's it's the weekly wrap up and he's got Michael Oliver on who's
22:04
talking about 3 to $500. And we got three points here
22:07
that are incredibly bullish for the silver price as well.
22:12
OK, He still has momentum targets of three to $500.
22:17
OK. And but let's just let him talk,
22:19
and then we're going to give a brief synopsis.
22:28
This thing unleashes to a new. Hold on, I was sharing the wrong
22:31
screen. There we go.
22:32
There's Michael Oliver on the top, Craig Hempkey on the
22:35
bottom. This is from the Spratt Weekly
22:38
wrap up. We projected, have projected for
22:40
months now that when this thing unleashes to a new reality, we
22:43
call silver, it's probably going to be, you know, 3 to 500 bucks.
22:47
And only then I think Eric Sprott pointed this out in an
22:50
interview you did some months ago, that if you factored in
22:53
just the decay in the money unit and it was the increase in the
22:56
quantity of the money unit M2 and factored that back to 1980
23:00
or 2011. Silver will be in the hundreds.
23:03
Just to get even to those equivalent price levels and
23:07
reflect the decay in the in the real buying power of the dollar
23:10
and the fact that there might be entities that try to restrain
23:14
this process. And obviously it hasn't been
23:16
working. We're not still in the 50s.
23:18
Again, you know, OK, they they only accelerate it and they
23:21
create these boom effects. So it wouldn't shock me
23:24
somewhere down the road here in the next couple months, you can
23:27
to see something like, you know, a couple $10 days in silver or
23:30
$20 days on the upside, bam, bam, bam, you know, with just
23:34
gas, OK, while it seeks its new reality.
23:38
OK, there's Michael Oliver. OK, this is we are in for some
23:45
good times with silver. Think about what he said.
23:48
Silver. All right, gold.
23:50
We're gonna set it to the side for a second.
23:52
We love you gold. But silver has been money longer
23:55
than gold. I would argue that silver has
23:58
been the world's reserve currency.
24:00
Always has been the world's reserve currency.
24:02
Why is that important? Because like he said, just from
24:06
a monetary base and there's there's three things I'm gonna
24:09
try to remember them all. I will remember them all.
24:11
Number one, just from a monetary base, just from a monetary
24:15
depreciation and value perspective, just because of all
24:19
the money printing, however you want to look at it right, just
24:22
because of inflation, the price of silver should be much.
24:26
That alone, that alone set everything else aside, all the
24:30
other positive factors that alone should, should, would,
24:34
would contribute to a silver price probably in the 100 to
24:37
$200 range. When you factor in for the
24:40
actual, all the paper make believe money that's occurred.
24:45
But wait, that there's more because like like Michael Oliver
24:49
said, then when you factor in the the fact that the silver
24:54
price has been suppressed for decades and decades, it's built
24:58
up all this energy from being suppressed.
25:01
That energy, look, you can't, you can't fight Mother Nature
25:04
forever, OK? That energy will be released
25:08
with like he said, these bam, bam, big like price increases
25:12
that we get in silver. So you've got the base layer,
25:15
just the monetary depreciation, the fact that paper money goes
25:19
down and down to printed, the money printing again.
25:22
Then the fact that silver's been held down like a beach ball.
25:26
Take. Imagine you've done it.
25:28
I know you've done it. You like to play with water
25:30
toys, right? Take a beach ball and try to
25:33
hold it underwater. Yeah, you can do it.
25:35
But you can't hold it underwater forever.
25:37
Eventually it breaks free. Eventually Mother Nature wins.
25:41
So you've got that second factor on top of that, guys, which he
25:45
didn't mention, but we're going to mention because we talked
25:48
about it earlier. We have exploding demand, all
25:51
the monetary components of silver, all the manipulation
25:55
components of silver alone. But then you factor in like we
25:59
just talked about EV batteries, right?
26:02
solid-state EV batteries, solar panels, AI chips, the medical
26:07
uses, the exploding demand for silver.
26:11
Think of I heard that this is so critical to remember.
26:13
Think about like like silver has done.
26:16
Silver did great for thousands and thousands of years, even the
26:20
gold to silver ratio. But all that existed before
26:24
there was really any like industrial use for silver.
26:27
Now what is it 60%? I'm rolling all over the place.
26:32
I'm so excited. 60% of silver is used in industrial applications.
26:37
Oh, oh, oh, in the cherry on top, my fellow basement
26:40
dwellers, is that that number continues to go up.
26:44
So the fact that they, they just review, let's have a little,
26:48
let's have a little silver review.
26:50
The fact that just from a monitor, if we're going to value
26:52
silver in dollars that this stuff is printed, that this has
26:55
gone down in value. What you know, whatever 80%
27:00
since 1970, that alone since 1980 when we had $50 silver.
27:06
You know, when you adjust silver for M2 money supply growth that
27:09
it that people say it should be like at 170 that alone, OK.
27:13
And then on top of that, you factor in the stored energy from
27:17
this long term price suppression from those wonderful people at
27:21
the COMEX who've been proven to manipulate the price of silver
27:24
over the years. That's the second factor.
27:26
And then the turbo turbo button for silver is the industrial
27:32
use, which is really a recent phenomenon and it's eating up
27:36
5060. I don't know, 67%.
27:39
Whatever it is, it's it's looking pretty darn, pretty darn
27:43
optimistic. Don't forget, if you got
27:46
something, you got something really important you want to
27:50
store and let not let anybody know where it is.
27:53
Dirty man safe you you bury. OK, you, you bare 30 more for
27:58
400 bikes. OK, You want to hear the silver
28:02
ball? OK, thank you.
28:04
OK, Susie wants Susie wants more thumbs up.
28:06
That was upstairs. Susie.
28:08
For those of you who are new, that's my wife, Susie.
28:12
She locks me in the basement. We communicate with
28:14
walkie-talkie. Anyway, Dirty man safe.
28:16
You bury these in the ground. OK, the safest place.
28:19
Read about them. Check it out.
28:21
There's a discount code Ron 10. If you want to do something
28:24
nice, check out the charity called Hopes Walk.
28:28
They help kids that have clubfoot all over the world.
28:31
It's a much more common affliction in poorer countries.
28:34
They can't afford to get treated for it, and they treat thousands
28:37
of people. Hope walks.
28:39
What else was I supposed to talk about?
28:43
We got more. We got more.
28:45
OK, boy. Oh, this is this is the dinger.
28:49
Don't forget. Give the thumbs up then.
28:51
Susie, did you want me to ring the silver bell or the golden
28:53
gong? Oh, the silver bell.
28:55
OK, I'll ring the silver bell. I'm telling you guys, here's a
29:00
little secret, OK, for you in the precious metal sector, if
29:04
you. OK, Thank you, Susie 424.
29:09
Cool. OK, here's a little secret for
29:12
you. OK, People in the West that
29:15
that's another on top of those three, another major factor when
29:19
your neighbors wake up, when Americans when people in the
29:23
West wake up, the silver and gold when the herd comes, OK, it
29:27
could be it's game over. It really could be game over,
29:31
right? We know what's going on at
29:32
Costco and the Costco moms and all that and it it's starting.
29:36
That's the good news. It's starting to happen, but it
29:39
could really happen when the generalist, the mining stocks,
29:44
gold and silver mining stocks are at historic low levels, OK,
29:48
And when the and when the investing world starts to wake
29:53
up, it could bring just unbelievable numbers of people
29:56
into into the precious metal sector.
29:59
I'm going to make the sheep noise for you in just a second,
30:02
but look at this. This shows how how much room for
30:05
improvement in the West there is for people to come into the gold
30:10
and silver ecosystem. And guys, there will be, you're
30:13
going to go to your local coin shop and they're going to be
30:15
like, sorry, like they're cases where they keep everything are,
30:19
are going to be empty. We experienced that several
30:22
times in the last 10 years during C-19 for one, right.
30:26
I remember going to my local coin shop, I'm like, where's all
30:28
the silver? They're like, well, you can pay
30:30
us now and then we'll get the silver in like 8 weeks and we'll
30:34
call you and you can come pick it up.
30:36
But here's proof that we are still at the very, very
30:41
beginning. I think we're in like the second
30:43
inning. But look, America and the West
30:46
was still some of the richest countries in the world.
30:49
China and India, they know. But when people here wake up,
30:52
buckle up butter cups because it's going to get absolutely
30:56
crazy. And let's look at this chart
30:59
that came from Tavi. Yep, Tavi Costa, he's out.
31:02
He started his own company and congratulations, super sharp
31:05
guy. He says what a time to be an
31:07
investor in the mining industry. He's on his way to PDAC.
31:10
But the point here is this is the silver miners to silver
31:15
ratio, OK? And as you can see, right, we
31:19
are right here, right now, OK, the last some of the other times
31:24
when we got to these levels, 2016, 2019 time range.
31:31
But guys basically well actually maybe we're up there.
31:34
We are right there. We are at one this we are at
31:39
1.168. So this shows the SILETF divided
31:44
by the silver price, OK? Now as you can see this gets up
31:49
even in recent times as high as 250.
31:52
That was back in 2016. We did not have a silver price
31:55
anywhere near where we are right now.
31:57
The point is this, when people wake up, I'm telling you the
32:03
silver miners are making money like you've never seen before.
32:07
Right now the companies that are actually have silver that
32:10
they're able to mine. The reason why is because two
32:13
years ago it cost them $25.00 an ounce to get an ounce of silver
32:18
out of the ground and maybe they were able to sell it for 25 or
32:21
30. They were barely making any
32:23
money. Today their cost have not gone
32:26
up, OK, very or if they have gone a very level little.
32:29
So they're still pulling silver out of the around for around
32:32
$25. If they're now selling it for
32:35
$95, the profits are unbelievable that are being made
32:41
when the general the big point that when it comes to the silver
32:44
and gold prices, when the general investors wake up to
32:47
what is going on OK and start to get there.
32:51
There could be a mania in the mining stocks, but that's going
32:54
to bring more attention into the overall silver and gold
33:00
ecosystem. That will bring more people like
33:02
wow, they that'll start buying more silver.
33:04
It's it's going to be just absolutely, absolutely
33:08
incredible. I'm going to ring the single
33:10
silver bell for you and you're going to press that subscribe
33:14
button. Guys, what an incredible period
33:17
of time we're living through right now.
33:19
It's going to be a crazy look. Buckle up for the next couple
33:22
weeks. Remember, volatility goes both
33:26
ways. We're going to have all types of
33:28
crazy movements in these markets.
33:30
But when we look at what's going on in the world right now with
33:34
the wars that are happening, OK. And then we factor in even
33:37
before that, that the that the story, right?
33:41
The narrative behind goal gold and silver were already great.
33:46
I think we're in, you know, when, when we look out a year,
33:50
when we look out two years, three years from now.
33:52
I think I'm not a stock advisor, not a financial advisor, but I
33:57
think that we are in for some really great times.
34:00
I look forward to doing it with you.
34:02
Thanks for being down here in the basement.
34:04
OK, Have a great rest of your night and I'll see you and yes,
34:08
I see you. I'll see you next time.
34:11
Bye. Bye.