Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🔥Silver Price!🔥 THIS is BIG & Happening NOW! You BEST Listen - (Gold Price News UPDATE Too)

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🔥Silver Price!🔥 THIS is BIG & Happening NOW! You BEST Listen - (Gold Price News UPDATE Too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Silver and gold are in uncharted territory.
• 0:05
  This is getting very, very serious, and we're going to talk
• 0:07
  about all the reasons why in this video.
• 0:10
  This may be the most important live stream video that we've
• 0:13
  ever had together, guys, because things are unfolding right
• 0:17
  before our very eyes that many of us have waited decades or
• 0:21
  longer to see occurring. But the most serious thing going
• 0:24
  right now is the fact that you decided to join me down here in
• 0:27
  the basement. I hope you feel like you found a
• 0:29
  little home away from home. I'm glad you're here.
• 0:31
  I hope you you're glad you're here and we're having a lot of
• 0:34
  fun lately in the precious metals sector.
• 0:37
  So please, it's free. I got a free offer for you.
• 0:41
  Subscribe to the channel that'll make upstairs Susie very, very
• 0:45
  happy. But most important, enjoy your
• 0:47
  time down here in the basement. The basement dwellers that are
• 0:50
  in this community are nice people.
• 0:51
  Leave a comment in the comment section.
• 0:53
  We want to hear from you. Share it.
• 0:55
  Super chats always super appreciated.
• 0:58
  Never expected, never donate anything that you can't afford.
• 1:01
  But guys, have you heard the news about silver?
• 1:04
  And there's a reason why this is a big, big deal.
• 1:07
  We have silver shortages unfolding all around the world.
• 1:11
  I'm going to go through this quickly because the list just
• 1:13
  grows and grows. But let's let's check out some
• 1:16
  places where we're getting some startling news about silver
• 1:21
  right now. And gold for that matter, as
• 1:23
  well. This one comes from Vietnam,
• 1:26
  from Tyler. I believe This is the person
• 1:28
  behind Zero Hedge. He says I'm in Vietnam.
• 1:33
  Hold on one second, let's make sure we got the right screen up,
• 1:35
  which we do. He's in Vietnam and they have
• 1:39
  streets lined with gold and silver shops.
• 1:43
  Vietnamese have always been strong buyers of metals to bury
• 1:47
  in their garden. Anyway, there's a supply shock
• 1:51
  of physical silver, AKA there is none for sale expected to be
• 1:59
  reflected in the price action this week.
• 2:02
  OK, now from Vietnam, let's head over to the United Kingdom where
• 2:06
  make Gold great shares this. So this is England.
• 2:10
  OK, quote silver out of stock in the UK.
• 2:14
  Now this is great. A million Brits just spat out
• 2:19
  their tea. He was reposting this from Hamza
• 2:23
  Sereni. All right, showing at the, at
• 2:26
  the, at the UK level, we've got again, right, big major signs of
• 2:31
  a silver shortage. So we've been to Vietnam, we've
• 2:33
  been to the United Kingdom. Let's go to Pakistan and see
• 2:37
  what they're telling us in Pakistan, which is a much bigger
• 2:40
  economy than many of us give it credit for.
• 2:43
  And this says right here, silver becomes Pakistan's new
• 2:48
  investment obsession. Here's why.
• 2:51
  Wait till you hear this guys. There's some crazy information
• 2:54
  in this yellow and yellow and purple highlight.
• 2:58
  Silver, once considered a common and affordable metal, is now
• 3:01
  turned into a high demand commodity in Pakistan's
• 3:05
  investment market. Over the last three months, both
• 3:08
  the price and consumption of silver have more than doubled,
• 3:12
  transforming it into the new favorite among investors,
• 3:16
  according to traders. Silver now being even being sold
• 3:19
  in the black market with a surge and buyers rushing to get their
• 3:23
  hands on the metal amid amid rapidly climbing prices in
• 3:27
  purple. Market experts report that
• 3:29
  silver, which was previously sold in only small quantities,
• 3:33
  is now being purchased in 10 tola bars.
• 3:37
  Whatever a tola is, but it's big I bet.
• 3:39
  And even 1K bricks. So a 1K brick I believe is like
• 3:44
  30 ounces of silver or 32, something like that quote.
• 3:49
  This is interesting. You may be surprised to hear
• 3:52
  that people are now buying silver like cars in large
• 3:56
  quantities and with advance payments, said Muhammad Haroon
• 4:00
  Linden, a local broker in Karachi.
• 4:02
  And we've talked about that, I remember several times during
• 4:05
  C-19, most most recently going to the local coin shop and they
• 4:10
  said, yeah, there's nothing in their cases.
• 4:12
  They have no silver in stock. They're like, but yeah, you can
• 4:14
  give us your money now, Mr. Ron, and we'll get you some silver in
• 4:19
  like 6 weeks, or I think at one point it was even 8 weeks.
• 4:22
  And it appears that's what's happening in Pakistan.
• 4:25
  This is interesting. Jeweler Fazal.
• 4:26
  How Habib confirmed the trend, noting that money is being taken
• 4:32
  on silver, similar to high value items.
• 4:35
  Muhammad Aqaal, another jeweler, added that the buying frenzy is
• 4:40
  unlike anything seen in years. And then we go to a friend of
• 4:46
  mine and a friend of our channel, Bald Guy Money, who
• 4:48
  this morning puts out on XA short video saying that in
• 4:53
  Poland he did the calculations. Retail, retail shops are buying
• 4:59
  back silver coins, silver Kangaroos was the example that
• 5:03
  he used at $55, the equivalent of $55 per oz.
• 5:08
  I think it's Zolti's. I don't know.
• 5:09
  I went to Poland back when I was in college.
• 5:11
  Wonderful country, Bald Guy Money.
• 5:14
  Check him out if you haven't already.
• 5:15
  He's one of the sharpest minds in the silver and gold sector.
• 5:18
  But he did all the calculations on an ex post that he did.
• 5:22
  And essentially, as I understand it, if you're in Poland and you
• 5:25
  have a one ounce Australian kangaroo, which was always one
• 5:29
  of the cheaper sovereign coins, you could bring it and get the
• 5:32
  equivalent in Poland at a coin shop of $55 per coin.
• 5:38
  What does that tell us? That tells us that there's super
• 5:41
  high demand for, for, for the, for the retail on the retail
• 5:45
  side, for the shops to get silver inventory so they can
• 5:48
  resell it. Apparently there's waiting list
• 5:50
  in Poland as well. But wait, there's more.
• 5:54
  If we go up to the north, our good friends in Canada, Canada,
• 5:57
  I love Canada. What's going on in Canada?
• 6:00
  Oh my gosh, guys, wait a minute. Are you seeing a trend all over
• 6:05
  the world except for the United States?
• 6:07
  And you know what bald guy talked about that during his
• 6:10
  right in the United States. If you're in the US like I am
• 6:13
  the United States of America here in Saint Louis, there's
• 6:16
  still plenty of silver at the local coin shop.
• 6:19
  I'm going to make a bold prediction, I think in three or
• 6:21
  four weeks that may not be the case.
• 6:23
  Don't make any financial decisions based on anything that
• 6:26
  I'm saying, but that's just what I could see happening.
• 6:29
  But in America we're like, oh, there's plenty of silver,
• 6:32
  There's plenty of silver. But pretty much right now it
• 6:35
  appears everywhere else in the world that's not quite the case.
• 6:39
  OK hey, if you want to get your hands on some silver though,
• 6:42
  right now in the United States or Canada, look, there's a 5 oz
• 6:46
  silver bar from channel sponsor First Mint right there.
• 6:51
  OK? They've got a mint in Las Vegas,
• 6:53
  NV that is putting out world class silver bullion products.
• 6:57
  All of you guys who've tried them out have been so happy.
• 7:00
  Susie and I love to hear the positive feedback.
• 7:02
  I know the people at first meant they do a great job there.
• 7:05
  They're very proud as well. But they have a unique
• 7:07
  proposition because they are owned by First Majestic Silver,
• 7:10
  the silver juggernaut mining company with CEO Keith Neumeyer
• 7:15
  at the helm. So First Mint gets their silver
• 7:19
  from First Majestic. First Majestic mines it in
• 7:22
  Mexico, ships it to Las Vegas, where it's transformed into
• 7:26
  these beautiful products, and then it goes straight to you.
• 7:29
  So it's from the mine to the mint to you, no COMEX, no LBMA,
• 7:35
  and it's like the freshest silver on the market as well.
• 7:38
  You can check them out at firstmint.com.
• 7:40
  Again, this is a 5 oz bar. They've got all types of
• 7:43
  products. They have a Folds of Honor.
• 7:45
  You can search it up on their website.
• 7:48
  A line of silver products that benefits the the the Folds of
• 7:52
  Honor Foundation, which gives academic scholarships to
• 7:56
  children and spouses of wounded and deceased members of the
• 8:00
  first responder in military communities.
• 8:03
  Thank you. First meant.
• 8:04
  Oh, and by the way, there's a discount code VIPRB, very
• 8:11
  important person, Ron's basement VIPRB.
• 8:14
  OK, let's go to Canada. Let's see if there's maybe a
• 8:17
  little bit of a silver. Oh, we got to go check on the
• 8:19
  silver and gold price. Let's go to Canada, let's check
• 8:21
  on the silver and gold price. And then we got a lot more to
• 8:24
  talk about. I mean, there's craziness right
• 8:28
  now in the precious metals markets, but this from Canada.
• 8:34
  There's bald guy, you can check him out here.
• 8:36
  Let me show you that real quick. Called Guy Money at
• 8:40
  baldguymoney.com on X and this came from Canada from Mr. Chris
• 8:45
  Sauer. This was actually last night, so
• 8:48
  it's probably gotten even worse. It says I just spent an hour
• 8:53
  going through the Royal Canadian Mint website.
• 8:56
  There is no gold for sale and all sold out. 85% of silver is
• 9:02
  also gone as well. So we're getting the same thing
• 9:06
  from Canada. And then of course, as we've
• 9:09
  talked about in detail, guys, this is from Japan where the
• 9:15
  largest bullion dealer, Tanaka has suspended sale of some of
• 9:20
  their especially smaller gold products.
• 9:24
  There's lines of people forming outside the bullion shops in
• 9:28
  Japan and then also breaking yesterday Mitsubishi, which is
• 9:33
  another big bullion dealer. They're limiting sales every
• 9:36
  every it's and I got more emails before I went live from people
• 9:40
  with more examples of shortages forming around the world.
• 9:43
  I don't want to create a frenzy. I'm just reporting what we see
• 9:47
  but when we're hearing this from all over the world, we know it's
• 9:51
  a book. The thing the beauty.
• 9:52
  Let me tell you the beauty about gold and silver right there
• 9:56
  decentralized. They are valuable all over the
• 9:59
  world. So what happens outside of the
• 10:02
  United States? the United States can't control
• 10:04
  that. We can't control what all those
• 10:06
  people in Pakistan, Canada, Japan, Vietnam, the whole the
• 10:10
  list grows and grows and rows are doing with silver, right?
• 10:14
  Nobody ultimately controls silver.
• 10:17
  It's decentralized. It's worldwide.
• 10:19
  We've talked about this. Get out your globe, right?
• 10:22
  Spin your grandpas globe, close your eyes and plant your finger
• 10:27
  somewhere. No matter where you plant it, as
• 10:29
  long as you land on a ship or land, silver and gold are going
• 10:34
  to be valuable. So we're going to keep a close
• 10:36
  eye. This is a big deal, right?
• 10:38
  We are in a new world now. We've also got news things
• 10:42
  happening everywhere we look. Wow.
• 10:46
  This is a post from Bob Coleman about what's going on with the
• 10:49
  Silver ETFSLV. He says if dealers or authorized
• 10:54
  participants want to draw down shares in SLV and redeem silver
• 10:59
  in a rising market, there is a hidden price to pay.
• 11:03
  The borrowing fee to short SLV shares just exploded higher,
• 11:09
  almost tripling from last week and get this less than 10,000
• 11:16
  shares, which is basically 0 available to short.
• 11:20
  And look at this chart that shows the cost to borrow the
• 11:24
  shares. This is do you notice something,
• 11:27
  right? Do you notice something guys?
• 11:30
  We are in. We are truly in uncharted
• 11:33
  territory. That was from this morning, just
• 11:35
  about two hours ago. I'm sure all the shares are
• 11:38
  gone. Who knows where those numbers
• 11:40
  are blowing out. Oh my gosh, I almost forgot two
• 11:43
  very important things. Number one, I want to say hello
• 11:45
  to you again. Thank you for being down here.
• 11:47
  Thanks for being part of this awesome community.
• 11:50
  We're getting hundreds and thousands of new people joining
• 11:52
  us. I got data from another silver
• 11:54
  community that's going to blow you away.
• 11:56
  The more the merrier to the old timers.
• 12:00
  You guys have been down here suffering in the basement with
• 12:02
  me for years. You know who you are.
• 12:05
  Glad you're here, but welcome to the newcomers as well.
• 12:08
  In this community. We are nice to each other and we
• 12:11
  right now are going to go out and get an update on the gold
• 12:14
  and silver price. Oh my gosh, Oh my gosh, is this
• 12:20
  real? OK, right.
• 12:22
  It's CNBC. Oh my Lord.
• 12:25
  So this is the December futures for the gold price.
• 12:29
  And let me just refresh this to make sure I'm not hallucinating.
• 12:34
  I might need to get a carbon monoxide detector for down here
• 12:36
  in the basement. This is unbelievable.
• 12:38
  In the futures market, gold is up $67 per oz, almost $4000 per
• 12:45
  oz. But let's go check on our friend
• 12:47
  silver cuz you never know. Wow, silver up 45 cents, $48.43.
• 12:55
  Look, we'll just do this with silver because it's so much fun.
• 12:59
  For those of you who are new and haven't heard me say this 16
• 13:02
  zillion times, this really all started, we could say, back kind
• 13:06
  of in the summer of 2022. And if we look at what the price
• 13:10
  has done for silver, obviously it's a beautiful upward trend,
• 13:16
  but it is not a spike, right? It we've not had a silver
• 13:20
  squeeze. What we've had is a silver
• 13:23
  squeeze like a long drawn out with a lot of support.
• 13:28
  Look at that, right? Let's get that spike cuz when it
• 13:31
  spikes up, it spikes down. So we're going to erase that.
• 13:35
  And what we do see during that long is, right, we see right ups
• 13:40
  and downs, ups and downs, ups and downs.
• 13:42
  And we're going to have some more downs in the future.
• 13:44
  Don't you worry guys. But what's critical on that
• 13:47
  chart is that during that process that's been a slow,
• 13:51
  steady build and it's given the price time.
• 13:54
  But people who want to get out got out, OK.
• 13:57
  New people came in who know the real value of silver.
• 14:00
  Same thing with gold. It is, it is provided a very
• 14:04
  robust support structure for further price movements into the
• 14:08
  future. We all also know that we are in
• 14:10
  the process especially on a quarterly close basis, which was
• 14:14
  just six days ago, Tuesday of last week, where silver right
• 14:19
  had its highest quarterly close ever.
• 14:21
  So on a quarterly basis, we are breaking out of a 45 year cup
• 14:25
  and handle pattern, the one for the textbooks, right?
• 14:28
  The most reliable technical analysis tool in the history of
• 14:32
  the universe. And we've got the biggest, most
• 14:34
  beautiful cup and handle, right? That's happening right now.
• 14:38
  So everywhere we look, we got a lot of great things going on.
• 14:42
  Oh, and by the way, we got a secret advantage with gold, but
• 14:47
  in particular with silver. Wait till you see this.
• 14:50
  And there's a big reason why this is important and why you as
• 14:55
  a silver stacker can keep a big massive smile on your face.
• 15:00
  It's this, I love this. Now I got to find it.
• 15:03
  OK, Not there. There's Japan now.
• 15:06
  We just looked at that. Here we go.
• 15:10
  Here we go. OK, this came from Gold Silver
• 15:12
  HQ. There's only three billion.
• 15:15
  This is not the crazy part. There's only 3 billion ounces of
• 15:18
  silver available above ground. Remember, the entire mining
• 15:23
  sector only pumps out 800 million.
• 15:26
  And with recycling, we get about a billion of supply of silver
• 15:30
  per year, and there's only three billion.
• 15:32
  And of course, we have a deficit.
• 15:34
  You know all that. Anyway, there's only three
• 15:36
  billion ounces of silver available above ground.
• 15:39
  A few billionaires, and this is this is crazy, but not the real
• 15:42
  crazy part. A few billionaires could wipe
• 15:44
  out the whole physical market in a second.
• 15:48
  Now look at this chart. This shows how tiny the silver
• 15:54
  market is. You can't.
• 15:55
  There's silver right there on this chart, OK, And this is in
• 15:59
  billions, OK, Silver is 144 billion.
• 16:05
  This is stocks, this is bonds, guys.
• 16:11
  You silver's value compared to the stock markets in the bond
• 16:15
  markets doesn't even show up up on this chart.
• 16:20
  Couple critical things and that and it's not the big whopper
• 16:23
  that I got the big whopper for you.
• 16:25
  But a couple critical things to consider about this is that now
• 16:30
  we've got the big major financial institutions starting
• 16:33
  to recommend gold in particular. But what happens to gold will
• 16:36
  happen to silver. You know how that happens, that
• 16:39
  people move some of their money out of bonds, right?
• 16:43
  Morgan Stanley, Bank of America, move some of their money out of
• 16:47
  stocks into tiny little silver. Now, the big, big, big, exciting
• 16:53
  thing about that, Look at that chart one more time.
• 16:56
  Notice you can't see silver on that chart is that we have this
• 17:00
  massive advantage with silver and that it is so, so scarce.
• 17:05
  And then with the deficit, there's less and less, but we're
• 17:08
  so scarce and so small that it doesn't.
• 17:12
  We have we have the small guy advantage with the underdog
• 17:14
  advantage. It's a big deal.
• 17:16
  It's a huge deal. Here's the reason why.
• 17:19
  That little tiny representation on that chart of silver to get
• 17:22
  it to be just a little bit bigger, which would double the
• 17:26
  size is just a tiny bit of money coming in, OK.
• 17:31
  We have this advantage of being so small that the double,
• 17:35
  triple, quadruple go up 10X in terms of the amount of money
• 17:40
  coming into it is not that big of a deal.
• 17:42
  It's like 1% of the overall stock market here.
• 17:45
  Let me see if I can figure that out real quick.
• 17:47
  Let's look at that one more time and then we're going to move on,
• 17:51
  right. So it looks like, I mean, yeah,
• 17:56
  the bond market, excuse me, I'm losing my voice instrument.
• 18:01
  The bond market is almost is that 1000 is almost 1000 times
• 18:08
  bigger. So if 11 thousandths of the bond
• 18:12
  market went into gold and went into silver, excuse me, that
• 18:15
  would double the amount of money and silver.
• 18:18
  I'm doing this all in my head, but that makes sense.
• 18:20
  And I do have a degree in accounting and I did work for
• 18:22
  one of the big four accounting firm, so I should know what I'm
• 18:25
  talking about. But I've not audited those
• 18:27
  numbers and don't make any financial decisions based upon
• 18:30
  that. OK, Speaking of financial
• 18:32
  decisions, a long time ago I bought stock in a company called
• 18:35
  First Mining Gold. It's a company I talked about
• 18:38
  for a lot of a long time, way before they ever sponsored my
• 18:41
  channel. But now I'm honored to have
• 18:44
  First Mining Gold as a sponsor. They are a Canadian development
• 18:49
  stage gold company. They have two huge multi million
• 18:52
  ounce projects in Canada, Spring Pole in Ontario and Duparque
• 18:57
  located in Quebec. Both of these projects are in
• 19:00
  the development stage working through the permitting, the
• 19:03
  development process. But these are massive, multi
• 19:06
  million ounce, excuse me, projects in Canada, which is a
• 19:11
  big advantage, big, big projects in Canada because the big mining
• 19:17
  companies need to replenish their pipelines and they're very
• 19:20
  interested in big projects in good jurisdictions, I think.
• 19:24
  Check, check, right? Do your own work, do your own
• 19:27
  research. If you want to learn more about
• 19:29
  the company, they're at firstmininggold.com or you can
• 19:32
  reach out to their director of Investor relations, Mr.
• 19:35
  paul.morrispaul@firstmininggold.com and tell them you're from Ron's
• 19:39
  basement. OK, Great company, great people.
• 19:43
  Again, I'm not a financial advisor.
• 19:45
  Do your own research and all that great stuff.
• 19:49
  OK, We got more to talk about. We got more to talk about
• 19:52
  silver. Few more crazy points, man.
• 19:57
  I could go on forever, but let's check this out.
• 20:02
  This is something we don't talk about enough, and there's a
• 20:04
  reason why it's so important. Hold on here.
• 20:08
  Here we go. We got it up.
• 20:10
  I'll be a pretty picture to the higher the silver price goes,
• 20:15
  the more interest it will attract.
• 20:17
  A lot of people still see quote UN quote value as it's listed on
• 20:22
  the price tag. We are still early and they use
• 20:26
  this cute picture as an example, right?
• 20:29
  There's silver at $47, there's silver at $470.
• 20:33
  But this actually brings up a very important point, which is a
• 20:37
  fact about silver. More people pile into silver
• 20:42
  when the price really starts to rocket.
• 20:46
  Remember something super exciting about silver when it
• 20:51
  gets to 5455 dollars, OK, everybody is going to be talking
• 20:55
  about it. Everybody who owns silver when
• 20:59
  it gets to $5455. Not a crystal ball, not I'm not
• 21:03
  a financial advisor, but I believe it's going to happen.
• 21:06
  And when it gets to $55, no, everybody is going to be in the
• 21:10
  profit zone. Everybody, OK, and everybody is
• 21:15
  not going to want to part with this, right?
• 21:18
  They're silver or they're silver mining stocks or whatever.
• 21:22
  Look, we are on the brink of what could become almost like a
• 21:25
  mania, possibly in the silver market.
• 21:29
  It's going to be wildly, wildly exciting.
• 21:32
  Oh, and don't forget, it's my daily reminder to you that if
• 21:35
  you could pick up a piece of your silver, there's that 5 oz
• 21:38
  bar from First Met Susie's upstairs.
• 21:41
  Susie's favorite. Guys, here's a simple fact about
• 21:44
  Silver. We said this yesterday and we've
• 21:47
  All right, Let's get to 200 likes.
• 21:52
  I I will, Susie. Thank you.
• 21:54
  I'm making a very important part.
• 21:56
  That's upstairs, Susie. She talks to me through a
• 21:59
  walkie-talkie. For those of you who are new,
• 22:01
  and she's a very she gives you high fives.
• 22:03
  She's a very critical part of what's going on.
• 22:05
  More critical is the fact that today there's less of this on
• 22:10
  the face of the earth than there was yesterday.
• 22:13
  OK, look at that beauty. It's a cool, it's like a little
• 22:16
  candy bar, 5 oz candy bar. And that was true the day before
• 22:20
  and that was every day for the last five years.
• 22:23
  I could have sat down here and held up that piece of silver and
• 22:25
  said there's less today than yesterday.
• 22:27
  We're going to run out. And now we got countries all
• 22:30
  over the world buying it like crazy.
• 22:32
  Oh my gosh. I mean, look, we know people
• 22:35
  said silver was the no brainer investment.
• 22:38
  I wish you'd been down here. A lot of you were when it was
• 22:40
  1822 bucks an ounce and we bang the table right again, I don't
• 22:45
  know. I was, I was asking somebody
• 22:46
  last night, are we ever going to see a silver price again?
• 22:49
  That starts with the number three.
• 22:52
  That is not in the three hundreds, I think.
• 22:57
  I think that's the case. All right, OK, now talking about
• 23:02
  people joining and getting interested in silver.
• 23:05
  There's a group on Reddit called the Silver Dijon Club, very
• 23:09
  popular for people who are into silver and, you know, Reddit.
• 23:14
  I'm 55 years old. I understand Reddit.
• 23:16
  I'm starting to use it more, but it's where a lot of young people
• 23:19
  hang out. Get a load of this.
• 23:22
  This again, is more optimistic news about silver.
• 23:26
  They put this out 48,000 apes. They call themselves apes.
• 23:31
  Where the heck did all these people come from?
• 23:35
  And then they say down here, right?
• 23:37
  When was this posted? Does it say?
• 23:39
  I think it was posted this morning, three days.
• 23:41
  This was three days ago, it says.
• 23:45
  Weren't we at 16,000 last week? Some serious inflation going on.
• 23:52
  Welcome to the new apes. But remember, buy silver.
• 23:55
  So they're saying that their membership in just one week went
• 23:59
  from 16,000 all the way to 48,000.
• 24:03
  OK, now let's talk about warnings.
• 24:06
  Hold on. Hopefully I didn't lose you guys
• 24:09
  and Susie's going to tell me when we get to 200 thumbs up so
• 24:12
  I can ring the gong and the I'm going to ring the gong.
• 24:14
  All right, we did it. But hold on, We got more to talk
• 24:18
  about, OK? People are saying warnings like,
• 24:22
  oh, silver's overbought, gold's overbought.
• 24:24
  We are in a new world. The top analysts are saying that
• 24:28
  silver and gold are the are the foundational monetary assets of
• 24:33
  the world. Silver and gold make the rules.
• 24:36
  Silver and gold don't follow the rules, remember for that right,
• 24:41
  silver's been money for 4000 years or whatever.
• 24:44
  Gold for a little bit shorter. Silver and gold make the rule so
• 24:47
  when people say well, it's overbought, blah, blah, blah,
• 24:49
  yeah, sure, we can get a pullback.
• 24:52
  But the reason why we want to remember that silver and gold
• 24:55
  have been around for all those years.
• 24:57
  They are the wisest, oldest markets in the world.
• 25:00
  They make the rules OK, and we are in this new paradigm.
• 25:06
  We are in uncharted territory. And remember, this is a fact.
• 25:11
  If we think back to 1980 or 2011, we are in new world when
• 25:16
  it comes to geopolitics. I'll do this quickly.
• 25:19
  The reason why we want to review these three important points,
• 25:23
  geopolitics in 2011, in 1980, it was a different world
• 25:29
  geopolitically. We didn't have world powers like
• 25:31
  China and Russia was really at that time on the decline.
• 25:35
  The world geopolitically is way different.
• 25:38
  We got bricks now, all that good stuff.
• 25:40
  We also have the fiscal situation, right?
• 25:44
  the United States 37 and point $8 trillion in debt.
• 25:48
  That was not the case back then. OK, Couple that with what's
• 25:53
  happening geopolitically. It's a whole new environment and
• 25:57
  then monetarily as well, right, the Fed is it was no and nowhere
• 26:01
  near the situation we are in guys.
• 26:04
  We're in the S word big reason why this is important
• 26:07
  stagflation right now in this country.
• 26:10
  OK, they'll deny it. It's the last it's they were
• 26:13
  talking about it a little bit two or three months ago, but now
• 26:16
  they've hushed up. They've hushed up the mainstream
• 26:18
  media where all the sheeple, you know who the sheeple are.
• 26:22
  Those are those 98% of your fellow Americans, if you're
• 26:25
  joining me from America, that are selling grandma silver that
• 26:28
  have no idea what's going on, right?
• 26:30
  We call him sheeple because they make that funny noise when you
• 26:36
  try to talk to them about gold and silver and they watch
• 26:38
  mainstream media, which is fairy land.
• 26:42
  Let's get real, OK? We are in a new world right now.
• 26:46
  Silver and gold make the rules. Silver and gold don't follow the
• 26:50
  rules. Silver and gold are
• 26:54
  decentralized. They aren't under the control of
• 26:56
  anybody. They're under control of the
• 26:59
  entire world of God or Mother Nature, however you want to say
• 27:02
  it. OK, things are moving.
• 27:04
  Things are moving quick, quickly.
• 27:06
  And the cherry, cherry, cherry, cherry on top, right?
• 27:10
  That those sheeple when they come, it hasn't even started
• 27:16
  yet. The general public, for those of
• 27:19
  you who are outside of the United States, everywhere else
• 27:22
  in the world, like we talked about, they're buying silver and
• 27:24
  gold like nuts. the United States, everybody's still asleep
• 27:28
  except for those of you who are joining us now.
• 27:30
  And I'm not putting anybody down.
• 27:31
  Maybe I'm wrong, right, whatever.
• 27:33
  Who knows? I got to ring the golden gong.
• 27:35
  You know what we're going to do? 3 quick rings of the gong.
• 27:42
  Listen to it resonate. The golden gong.
• 27:44
  And of course, since we got the 200 thumbs up, our old friend
• 27:48
  Joe provided us with the cowbell.
• 27:52
  And I want to say hi to some people.
• 27:54
  Patrick Moon, C130. Good to see you.
• 27:57
  Hello, Chad Moohoom. Hello, Robert.
• 28:00
  So guys, we have people here all over the world.
• 28:03
  OK, Wow. Sage 222 Susie's house.
• 28:08
  Hey, there's our friend Jerry Barrett.
• 28:10
  Betting on buffs. Am I going to pick you?
• 28:12
  I don't know. Justin, Bram.
• 28:15
  If you guys want to say hi, I'll do my best.
• 28:17
  It's very difficult. We have 1000 people on this live
• 28:21
  stream. Say hi and I'll try to say your
• 28:23
  name if I miss you. Hey Astro.
• 28:25
  Hello Brainy stuff. Hello, POM FF9.
• 28:28
  Hello Jimmy Blue. Hello, Baromi.
• 28:31
  Hello Rios. Hello, Patrick.
• 28:33
  Hello, J 1098 S Magic Moon. All right, guys.
• 28:39
  Robert. Hello, Robert Ulmer.
• 28:42
  Hello, Brumer. Hello, Mike Christensen, Randy
• 28:44
  Rini. Ashish Pratayam.
• 28:47
  Hey, Ashish. I bet you're maybe in India.
• 28:49
  Possibly Sharif. Noor Osman.
• 28:51
  Wow. Johnny K Arsenal Forever from
• 28:54
  Gothenburg. Jeb.
• 28:55
  Hello, Jeb. All right, guys.
• 28:57
  Hey, if I didn't. Hello, Matt.
• 28:59
  Hello, Leon. Hello.
• 29:01
  DJDJ Anderson, C130. Hello.
• 29:05
  Hello, Chris Charles Wilson. Hello, Charles.
• 29:10
  I hope you have your daily dose of silver, right?
• 29:13
  Veritas 21, Who farted? Mark.
• 29:17
  Mark Piatto, C130. Hello, Ashish.
• 29:21
  All right, guys, have a great day.
• 29:24
  Please don't forget, subscribe to the channel that's free.
• 29:27
  That helps, and that makes Susie happy because she loves when the
• 29:29
  subscriber numbers go up. Most important, though, just
• 29:33
  come back, join me in the basement.
• 29:35
  I really, truly hope that you feel you found a little home
• 29:38
  away from home, right? A friend for life.
• 29:40
  There's wonderful, great people in this community.
• 29:43
  Participate in the chat, leave a comment in the comment section.
• 29:47
  OK. But most important, take care of
• 29:49
  yourself, be well, smile, and I'll see you next time.