Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ⚡SILVER Price!⚡ THIS Is SHOCKING...(Gold Price Too) - Precious Metals NEWS Update

Transcript

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

• 0:02
  Precious metals investor yes, you, you know, this time is
• 0:06
  different, but sometimes it helps for us to hear it from one
• 0:10
  of the gurus, one of the most revered names in the precious
• 0:14
  metals sector, Keith Neumeyer, the CEO of First Majestic
• 0:19
  Silver. We're going to watch a little
• 0:21
  video clip just one minute long, and then we're going to go
• 0:24
  through all the reasons, all the examples, why this time is
• 0:28
  different. And we're going to focus in on
• 0:31
  silver today as we do that before, right now, guess what
• 0:34
  we're going to focus on? We're going to focus on you.
• 0:38
  Thank you for joining me down here in the basement.
• 0:40
  Basement dwellers, it's a big honor when you give us your
• 0:43
  time. When you come join us down here
• 0:46
  in the basement, you can help out the channel by hitting the
• 0:50
  subscribe button. OK, It's free.
• 0:53
  We don't charge for subscriptions or memberships or
• 0:57
  anything along those lines. So please hit subscribe and then
• 1:00
  hit the bell notification so you get notified every time we go
• 1:03
  live. That way you can come back down
• 1:05
  here in the basement because we love having you down here.
• 1:08
  I mean, what the heck? Where else are US precious
• 1:10
  metals investors are going to hang out?
• 1:12
  We might as well hang out in a base and talk about the good
• 1:16
  news when it comes to gold and silver.
• 1:19
  And we got a lot of that. Let's get started.
• 1:21
  Let's watch this one minute video clip.
• 1:24
  I believe this came from an interview with Kai Hoffman.
• 1:28
  He's a great content crew. The gold and silver sector, that
• 1:32
  is Keith Neumeyer, again, one of the most revered names in the
• 1:37
  precious metal sector. Here we go.
• 1:39
  Here's Keith telling us why it's different this time.
• 1:43
  And then guys, we got a big, big plethora of reasons why and
• 1:48
  examples that we're going to go through as well.
• 1:50
  Super interesting. You know, it's different because
• 1:53
  you know, I remember the move, you know, that took place
• 1:55
  between O 9 and 2011 and you know, when silver broke out, you
• 2:00
  know, $330, you know, back in early, I guess it was yeah,
• 2:04
  early 2011. That whole move from 30 to $50
• 2:08
  is basically short covering. You know, the the banks got
• 2:10
  completely caught offside. It was all paper driven.
• 2:14
  And so, and that's why it ended so quickly because it was driven
• 2:18
  by show covering. And this this rally that we've
• 2:21
  seen over the last few months is all physical demand that we have
• 2:25
  to see higher prices too. And I've said it a dozen times
• 2:28
  to. To get the.
• 2:29
  Miners, the mining companies to start producing more metal to.
• 2:33
  Fill that gap. But but we're not going to do it
• 2:34
  at $50 silver. You know, I don't see any big
• 2:37
  mines coming. You know, maybe if copper prices
• 2:41
  go to 10 bucks, maybe there's going to be some silver by
• 2:43
  product that might come out of that.
• 2:45
  Maybe some new copper mines will get opened.
• 2:47
  I'm not aware of any that that's coming.
• 2:50
  I do, I think we're going to see new highs.
• 2:52
  I, I think we're so close to $55 last week that the market just
• 2:57
  had to kind of do one more sell off to drive it down a little
• 3:00
  bit and it's destined to go through new highs here.
• 3:04
  And you know, whether it is 6065 by the end of the year, I
• 3:07
  wouldn't be all surprised. Did he just say that?
• 3:11
  Did Keith Newmeyer just say he would not be surprised?
• 3:14
  Surprise, surprise, surprise, Sergeant Carter, We got $65
• 3:19
  silver, possibly by the end of the year.
• 3:22
  I have a prediction of $65 silver by April Fool's Day, and
• 3:28
  that's no joke. I will be shocked.
• 3:30
  I will. I don't know you can, you guys
• 3:33
  can, can recommend a punishment for me if we don't get the $65
• 3:38
  silver by April Fool's Day. I was wrong once before.
• 3:41
  You may remember, those of you who've been members of the
• 3:43
  basement dweller community for years and years.
• 3:46
  And I actually had to spray paint my head on my hair bright
• 3:49
  red and my face. So I really, you know, look and
• 3:54
  remember the gold bear there. He's got his Santa hat on.
• 3:57
  He used to have a blindfold on that said $2500 gold.
• 4:01
  You may remember that people scoffed at us say gold will
• 4:04
  never get the $2500. This video is about silver.
• 4:08
  But let's remember that I think we have a gold price now well
• 4:13
  above $2500. And that bear is no longer
• 4:15
  blindfolded. And don't forget, where is he?
• 4:18
  Right there, right below the toilet seat.
• 4:21
  That's our silver bear. He has a blindfold on with $85.
• 4:25
  I am relatively confident that we will get that taken off in
• 4:28
  2026. But if not, can you see it in
• 4:32
  2027? Maybe even sooner?
• 4:35
  You never know. So let's go through this list.
• 4:38
  I want to show the post and give credit to the original person
• 4:43
  who put this out there. Hold on one second here.
• 4:47
  This is from Mark and he put this out there.
• 4:52
  Here's the entire the guys. These are all the reasons, all
• 4:54
  the examples why we can be, let's just say a little excited
• 4:58
  about the silver price. The 2011 move was paper driven,
• 5:03
  short covering. Absolutely.
• 5:05
  We've looked at this many, many times.
• 5:07
  The current move and silver that we've been having for the last,
• 5:10
  what's been going on for the last year, year and a half has
• 5:13
  been very steady, very consistent with many
• 5:16
  consolidations. Not a one off event.
• 5:19
  That's the key thing I remember here, not a big spike up that
• 5:23
  resulted in a spike down. We did have a couple spikes that
• 5:27
  occurred. I'm going to look you and I'll
• 5:28
  just read this off a piece of paper that I have printed out
• 5:32
  here. We did have a couple spikes from
• 5:34
  $50 silver to 5455 over the last what 9 weeks to 10 weeks.
• 5:40
  But we are consolidating again right around the $50 mark.
• 5:45
  This is not been a one off short covering, you know, panic type
• 5:50
  event. Okay, the 2024 move is all
• 5:53
  physical demand driven. We'll talk more about that
• 5:56
  later. Big point, people are waking up
• 5:59
  to silver as a critical mineral. The United States government put
• 6:04
  it on the critical minerals list.
• 6:06
  NSW in Australia put it on the critical minerals list.
• 6:10
  China is basically making it very difficult to export silver
• 6:15
  from China, he said. Quote, this metal is required
• 6:18
  for everything. We can't travel, we can't drive,
• 6:21
  we can't operate homes without it.
• 6:24
  Take a step back and think about that.
• 6:27
  The reason why silver is in such demand is because it is critical
• 6:31
  for almost everything that we are doing now in the modern age
• 6:35
  structural deficit reality. We've had five consecutive years
• 6:40
  of silver deficits. OK, total deficit over that five
• 6:44
  year period, 1 billion oz. Actually I heard today 1.3
• 6:49
  billion. Can I hear 1.4 we're basically
• 6:55
  consuming way more silver than we produce way more silver.
• 6:59
  OK, so we're taking we're taking silver out of the rainy day
• 7:04
  silver fund. Well, guess what?
• 7:06
  Guess what? Basement dwellers.
• 7:07
  Yes, you right, you can understand there's only so much
• 7:10
  silver in the rainy day silver fund.
• 7:14
  Man, we have all kinds of fun things, right?
• 7:16
  Fantasy Island silver. Now we've got the rainy day
• 7:19
  silver fund. Mine production 850 million
• 7:23
  ounces per year, consumption 1.2 billion oz per year million.
• 7:28
  Sorry, these ounces are coming from investment hoards as we
• 7:32
  call that the rainy day fund. That doesn't last forever.
• 7:36
  OK, the rainy day fund silver is running out.
• 7:39
  Isn't that a shame? What do you think about that?
• 7:42
  OK, why? The miners can't save us.
• 7:46
  The miners can't save us. It takes three years to drive a
• 7:50
  tunnel to a new discovery. And there, you know, there's
• 7:53
  been like very little investment made in exploring and developing
• 7:57
  new mines. It takes three years to drive
• 8:00
  that tunnel. That's after the years and years
• 8:02
  of exploration, if they can even find it cuz all the easy silver
• 8:07
  is gone. OK.
• 8:09
  Mill upgrades require years of work.
• 8:12
  No major silver mines are coming online and we're not going to
• 8:15
  solve this with $50 silver, right?
• 8:20
  Do you understand, right, $50 silver, we've got it right now.
• 8:24
  We still haven't seen like big, big major moves of, oh, we're
• 8:28
  getting in silver. No, no, there's no switch that
• 8:31
  can be flipped to save the, the silver shortage that we're
• 8:35
  experiencing right now. New demand drivers are emerging.
• 8:42
  You may understand there's 1.4 billion people in China.
• 8:46
  There's also 1.4 billion people in II alone.
• 8:51
  Imported 75,000,000 oz recently, AI data centers, how are you
• 8:56
  going to build them without silver?
• 8:58
  The nuclear renaissance 30 plus. OK, the nuclear thing and we
• 9:03
  covered this. You may remember we covered this
• 9:06
  last week, right? They're saying I've heard
• 9:09
  estimates of 3 to 5 million ounces of silver for each new
• 9:13
  nuclear plant. There's some debate on that.
• 9:15
  You know, you you can do your own research.
• 9:18
  Nonetheless, there's a lot of silver that's needed to build
• 9:22
  new nuclear plants. Where do you think that silver's
• 9:25
  going to come from? And there are a ton of new
• 9:28
  nuclear plants that are being built.
• 9:30
  That's on top of the solar demand, that's on top of the
• 9:34
  window covering that they're using.
• 9:36
  So I mean, so it's insane. It's absolutely insane.
• 9:40
  Price prediction and outlook. We're destined to go through new
• 9:43
  highs. Keith Newmeyer said that
• 9:44
  possibly we could have 60 to 65 silver by Christmas.
• 9:50
  See the old gold bear, he's got his Christmas hat on.
• 9:52
  He's happy about that. Hey, Speaking of Keith Newmeyer,
• 9:55
  while we're on that subject, Keith Newmeyer is the CEO of
• 9:59
  Majestic Silver First. Majestic Silver is super unique
• 10:03
  in a lot of ways. Number one, they've been
• 10:06
  exploring, developing mining silver for years, right?
• 10:10
  Knowing that this day would come.
• 10:11
  But on top of that, they started their own silver mint.
• 10:15
  They own right there channel sponsor First Mint.
• 10:19
  OK. First Mint is a silver mint in
• 10:21
  Nevada. First Majestic mines the silver
• 10:25
  in Mexico, sends it to Nevada in the United States of America,
• 10:29
  where First Mint right there transforms that silver into
• 10:33
  world class silver bullion products and then it goes
• 10:37
  directly to you. It never gets touched by the LBA
• 10:40
  or the COMEX. And on top of that, I think it's
• 10:44
  safe to say it's the freshest silver on the market.
• 10:48
  Here's their year of the Snake coin.
• 10:52
  I want to show you absolutely beautiful their products.
• 10:56
  Not only are they unique, but they are first class.
• 10:59
  This thing is just absolutely beautiful.
• 11:02
  You can go out to their website here.
• 11:04
  I'll bring you there right now there is a discount code that
• 11:07
  you can use VIPRB. This is their Folds of Honor.
• 11:12
  They've donated $750,000 to the Folds of Honor Foundation.
• 11:18
  There's three Folds of Honor products.
• 11:20
  Folds of Honor is a foundation that provides academic
• 11:23
  scholarships to the children and spouses of deceased and disabled
• 11:28
  members of the armed forces and 1st responder community.
• 11:34
  So you can check that out. It's a really cool program.
• 11:36
  If you go to the main page of their website, you can see all
• 11:40
  their different products. Let's see what comes up here.
• 11:42
  Hail to the chief. That's one of their silver
• 11:46
  rounds. There's the Las Vegas round.
• 11:48
  I love that thing. There's the year of the Snake I
• 11:51
  just showed you and then you can also go up here free shipping on
• 11:55
  orders over $299. There's the store bars, rounds,
• 11:59
  accessories and 4th down there is folds of honor that I showed
• 12:04
  you earlier. There is a discount code special
• 12:08
  for people who like to hang out in the basement like you and me
• 12:11
  basement dwellers VIPRB thank you first majestic thank you
• 12:16
  first mint for first mint sponsors Ron basement Ron's
• 12:20
  basement first mint is owned by first majestic silver Newmeyer
• 12:23
  has been right. He coined triple digit silver.
• 12:27
  He's revered, right? He's respected, he's held up in
• 12:32
  very high regard within the silver community and the gold
• 12:36
  community as well. OK, this correction is healthy.
• 12:40
  Oh, I got a super chat. That's super cool.
• 12:43
  Let's see. Hold on, guys.
• 12:45
  Oh, wow. Hold on here.
• 12:48
  Oh, my gosh. From our friend here.
• 12:50
  I'll put that up on screen. I can't read.
• 12:53
  Bryant. Bryant, 6790.
• 12:56
  Wow. Is that Australian?
• 12:57
  Thank you, Ron and Susie. Keep stacking.
• 13:00
  Yeah, guys, we're on this journey together.
• 13:02
  Thank you for the Super chat, my friend.
• 13:04
  Bryant. My eyes are getting bad.
• 13:05
  I'm getting older. Bryant's 6790 super chats are
• 13:09
  always super appreciated. Never expected.
• 13:13
  And remember guys, right, it's free to subscribe.
• 13:15
  We don't charge for memberships or anything along those line.
• 13:19
  OK? We're in a fundamentally
• 13:21
  different. We are now in a fundamentally
• 13:23
  different environment for silver and gold.
• 13:26
  Let's look at a few more fun facts.
• 13:28
  We've got fun and shocking facts when it comes to precious
• 13:32
  metals. We're going to start here by
• 13:33
  going out and checking on the Oriental Ghost, our friend who
• 13:36
  provides us with all the interesting data coming out of
• 13:41
  China. However, hold on here, I got to
• 13:44
  share the screen. Sorry about that, guys.
• 13:47
  Here we are now. You can see it.
• 13:48
  OK, There's something very interesting about this.
• 13:51
  This is Friday's Shanghai Gold Exchange.
• 13:54
  Shanghai future exchange market data for the silver and gold
• 13:58
  market. The silver vaults of the
• 14:01
  Shanghai Futures Exchange continue to fall to new lows.
• 14:06
  OK. And I've got more, another
• 14:09
  interesting point, another reason why this is so important
• 14:12
  we're going to look at next. But all right, here we go, guys.
• 14:15
  Where's the silver price in China right now, 5117, still
• 14:22
  higher than what we have in the US, not crazy higher, but still
• 14:25
  higher. That's AG right there.
• 14:28
  And again, that's on the Shanghai Gold Exchange, which is
• 14:32
  their physical market, The futures exchange is that one
• 14:36
  there, the SFE on silver. And you can see that we're
• 14:39
  getting new lows in the vaults. But then let's go take a look at
• 14:44
  this. OK, This is interesting from
• 14:46
  Make Gold Great Again, China silver vaults now only at 3% of
• 14:53
  the of the global mining output. Why is that important?
• 14:57
  Because when you, when you consider that's just 13 days
• 15:02
  worth of industrial usage. And people in China love silver
• 15:08
  as an investment that continues to grow, but they're also a
• 15:11
  massive consumer of silver on the industrial side.
• 15:16
  And we know, was it 2 Fridays ago they put out export limits
• 15:21
  on silver. Silver is becoming you.
• 15:25
  You, you know it. I know it, right?
• 15:26
  Becoming very interesting. The physical market.
• 15:29
  Look, those guys and girls at the Comex and the LBMA, the
• 15:37
  London Billion Market Association in London, England
• 15:41
  that have manipulated the price of silver for decks.
• 15:44
  The day has come. What we're looking at right now
• 15:47
  keep Newmeyer talked about. This is so critical for us them
• 15:51
  to remember that the physical market is taking over the paper
• 15:57
  market. We're going to look at some data
• 15:58
  here in a little bit from the on the US debt clock that shows
• 16:02
  just how much paper silver there is out there, paper gold as
• 16:05
  well. But eventually reality sets in.
• 16:09
  The hens come home to roost. And it sure feels like we're
• 16:13
  getting to a point right now in the world with silver, not just
• 16:17
  from industrial usage, but also when you consider the monetary
• 16:22
  component of silver as well, and of course, with gold, that we're
• 16:25
  getting to a point in the world geopolitically where things are
• 16:29
  changing, right with gold. We know right now, right now,
• 16:34
  world central banks, for the first time in a long time,
• 16:40
  central banks hold more gold than they do U.S.
• 16:43
  Treasuries. We are in a new world, new
• 16:46
  environment. And think about this.
• 16:48
  This drives me crazy. I don't know how you feel about
• 16:51
  this, but since 1970, I was born in 1970 or 1971 when President
• 16:57
  Richard Nixon temporarily, temporarily took us off the gold
• 17:01
  standard. We know that since that
• 17:04
  happened, the dollar is lost. What, 9798?
• 17:08
  I've even heard 99% of its value versus gold.
• 17:13
  We look at some shocking data yesterday that in the year 2000,
• 17:19
  just 25 years ago, the average salary in the United States was
• 17:23
  like $30,000. That allowed you to buy 1.
• 17:27
  And in the year 2000, with the average $30,000 salary, you
• 17:32
  could buy 130 ounces of gold today, right?
• 17:37
  Right. Today that gold is worth over a
• 17:39
  half million dollars. Crazy guys, the dollar, I don't
• 17:44
  like it, you don't like it, and we'll go down that path here in
• 17:47
  a little bit, but the dollar is absolutely seeing its value.
• 17:51
  Work at the paper manipulation of silver next.
• 17:55
  Before I do that, I want to say thank you.
• 17:58
  The first Mining gold. They help sponsor the Ron's
• 18:01
  basement gold and silver content as well their development stage
• 18:04
  gold mining company in Canada. They got 2 huge projects, Spring
• 18:09
  Pole in Ontario and Du Arcade located in Quebec.
• 18:13
  They just put out an updated PEA on their spring pool project and
• 18:19
  Duparquet is another. These are both.
• 18:21
  These are both projects are multi million ounce projects,
• 18:24
  millions of Oz of gold in the ground.
• 18:27
  They're going through the development stage, applying for
• 18:30
  permits, working, working through the process of getting
• 18:34
  to the permits. But the important thing, what I
• 18:38
  like about them, and it's a stock.
• 18:39
  I'm not a financial advisor, don't make any financial
• 18:42
  decisions, stocks, bonds, mutual funds, crypto, anything based on
• 18:46
  what I say. But I've owned the stock before
• 18:50
  they sponsored the channel. And what I love about it is I
• 18:52
  feel like I own a bunch of gold in the ground in Canada, very
• 18:57
  favorable jurisdiction. You can learn more about them
• 19:00
  first Mining. Let's get back to silver.
• 19:03
  Do you think they're manipulating the price of
• 19:05
  silver? I do, and here's more proof.
• 19:10
  We always want to check in with our friend, the dude who gives
• 19:15
  us the latest data. Let's see what happened on
• 19:17
  Friday. It is just absolutely crazy.
• 19:21
  The silver market on Friday traded 731 million oz right in
• 19:28
  one day. The paper the paper market
• 19:32
  traded 731 million. Didn't we just talk about don't
• 19:36
  you remember us talking about how the entire silver mining
• 19:39
  industry only produces like around 808 hundred and 50
• 19:44
  million oz per year? They rigged price due to
• 19:47
  options. The COMEX had 0 deliveries.
• 19:50
  The LBMA at 4:25. What will next week bring?
• 19:53
  Regardless of what the banks do, I will continue to grab when I
• 19:56
  can. And then there's a bunch of
• 19:58
  comments. Happy Hawaiian this this had.
• 20:00
  Has to do with options, expiration.
• 20:03
  It's all a big paper. This quote UN quote silver price
• 20:08
  that we see right around $50.00 an ounce right now.
• 20:12
  It's all a big paper fantasy. It's Fantasy Island silver,
• 20:17
  right? Do you remember Fantasy Island?
• 20:19
  The show that was on during the 80s, right?
• 20:21
  The little guy tattoo. I loved it, right?
• 20:24
  The plane, the plane. Now he says the silver, the
• 20:27
  silver, you can Google it if you've never seen it, right?
• 20:31
  It's on Google or on YouTube. I mean, they got the clip of
• 20:35
  little tattoo saying this silver.
• 20:37
  You know, he's saying the plane, but you know, it's it's fantasy.
• 20:40
  It's the the paper market is fantasy silver, right?
• 20:45
  The fundamentals, right Will Dick, the physical market will
• 20:50
  overtake. And that's what Keith Newmeyer
• 20:52
  said earlier that we covered right this rally that we've had
• 20:56
  in silver. What makes it so exciting is it
• 20:59
  is it is based on the physical demand for silver.
• 21:03
  I mean, it's it's it's incredible.
• 21:05
  All right, we're going to look at the Fed, and then we're going
• 21:08
  to look at the US back. Clap.
• 21:09
  Before I do that, I want to show you this.
• 21:11
  You know I love dirty man safe. Where's that Dirty man safe?
• 21:14
  Wrong. Which hand?
• 21:16
  What? Wrong hand?
• 21:16
  There it is. Right there.
• 21:17
  I got 1 hanging from the ceiling.
• 21:20
  Dirty man safe is the safe where you can bury treasure in the
• 21:23
  ground just like the pirates did.
• 21:25
  It's worked for thousands of years.
• 21:27
  Look, maybe you have a safe. Maybe you have a safety deposit
• 21:30
  box. Maybe.
• 21:31
  I don't know. Whatever you're hiding none of
• 21:33
  my business OK or that you're trying to keep safe.
• 21:37
  But there's nothing that beats having storage in the ground
• 21:41
  It's what the pirates did RR right OK, you know it works safe
• 21:46
  from fire flood everything else Sometimes these fireproof safes
• 21:49
  don't quite hold up the fire. But nonetheless, I loved her
• 21:53
  pretty man safe, a new product out and I love.
• 21:58
  You may know this. You may not know this about me,
• 22:00
  but I love miniature things. I've got a little fetish for
• 22:04
  miniature things. OK, I don't know why, but I do
• 22:07
  and they've got this out now they're actually, I believe, on
• 22:09
  their website calling it the crypto edition.
• 22:11
  But but guys, what this is and that they're also referring to
• 22:15
  it as the micro edition. It is a small version of The
• 22:19
  Dirty man safe. This you bury this in the
• 22:22
  ground. OK, this sleeve right here it's
• 22:24
  a it's a sleeve. You dig a little hole.
• 22:27
  As you can see, this is not that big and inside of it, then you
• 22:30
  lower this down. This is right the newest
• 22:34
  addition to The Dirty man family and I absolutely love it.
• 22:39
  It's got all the handle all that right, So you dig a hole right?
• 22:42
  This is a sleeve. You put the sleeve in the hole
• 22:45
  and then you lower your dirty Man safe down into it and then
• 22:49
  it's got this cool cap that goes on top.
• 22:52
  Everything about this is first class and high quality.
• 22:58
  Nope, Nope. This is a new one.
• 22:59
  This is, I believe on their website.
• 23:01
  It's called the crypto edition because you can store those
• 23:04
  those metal plates where you where you put your seed phrase
• 23:08
  on, but you could put keys in there.
• 23:10
  You could put anything. This is The Dirty girl that's
• 23:13
  upstairs, Susie. This is their next size up.
• 23:16
  Oh, and don't forget there's a discount code Ron 10.
• 23:20
  OK, Ron 10. That's The Dirty girl.
• 23:24
  It's a it's a lot bigger. This is their like micro like
• 23:27
  their small their small edition. Anyway, you dig a hole, put that
• 23:31
  put the cap. You got a handle OK, when you
• 23:34
  want to get to it you did you undo the earth.
• 23:36
  You don't tell anybody where it is, including me.
• 23:39
  You pull it up OK, this thing is so cool, right?
• 23:42
  It opens on the bottom and I put you know what I put inside this
• 23:48
  one just for example purposes, I put oh, look at that, a 5 oz
• 23:54
  silver bar. That's the first meant 5 oz
• 23:57
  silver bar. So very cool.
• 24:00
  You can check it out and it's a great price.
• 24:02
  I think it's like I don't know, around 100 or 120, a $130.00
• 24:07
  these everything from Dirty Man is first class.
• 24:09
  They send you some other stuff along with it.
• 24:12
  I think it's a great gift idea. I'm going to put that there.
• 24:17
  I put it. It's back in the hole and now I
• 24:19
  got to put the lid on. And there we go.
• 24:22
  A great gift idea for the holidays.
• 24:25
  So thank you, Dirty man. I love the people.
• 24:27
  A dirty man. Great people.
• 24:29
  All right, let's go. Let's go Look at the Fed.
• 24:31
  Oh, interest rates. Remember old buddy Jerome
• 24:34
  Powell? Surprise, surprise, surprise.
• 24:40
  There he is. Right there he is.
• 24:42
  We're going to hear from him in two weeks, you know.
• 24:46
  All right. That's awesome.
• 24:47
  Thank you for being here, everybody.
• 24:49
  Right. You are important.
• 24:51
  Don't forget. I'll bring the golden gong here
• 24:53
  in a minute. Thank you again for the Super
• 24:55
  chat. But in about 2 1/2 weeks, we're
• 24:57
  going to hear from Jerome Powell.
• 24:59
  Yeah. You know, we don't pay as much
• 25:01
  attention to him as we used to because really.
• 25:04
  Right. The gig.
• 25:04
  The gig is up on the dollar, the paper dollar.
• 25:07
  But let's go see what they're saying.
• 25:09
  We can expect for interest rates.
• 25:11
  And then we're going to take hold on.
• 25:12
  Let me look at you. We're going to take a little
• 25:14
  trip into the future. All right, it's starting to get
• 25:16
  cold and dark outside for most of us, except for those of you
• 25:19
  who are joining us, you from South America or Australia.
• 25:23
  We got people all over the world, but it's in North
• 25:26
  America. It's starting to get darker.
• 25:27
  We're going to go out the summer and we're going to see what we
• 25:30
  can expect from the Fed at that time.
• 25:33
  Here we go. All right, Fed watch, this is
• 25:36
  the CME Fed watch tool, 17 days. We're going to hear from the
• 25:40
  Fed. Are we going to get an interest
• 25:42
  rate cut? I know you're dying to know
• 25:44
  right now, accord. Hold on here.
• 25:47
  I'm going to get this perfect for you.
• 25:51
  Well, all right, Yeah, There we go.
• 25:52
  That's perfect right now, according to this, to the big
• 25:56
  money, the big traders, this is the current rate, target rate.
• 26:02
  This is the current rate that the Fed has, 3.75 to 4.0.
• 26:08
  This is 1/4 percent cut, 3.5 to 3.75.
• 26:15
  And as you can see, we have a 70% chance of a cut and we've
• 26:19
  got a 30% chance of no cut at all, which has been kind of a
• 26:25
  drag on the markets lately. However, let's go out.
• 26:28
  OK, let's go out. If you go to the top up here,
• 26:31
  there's a list of tabs and we can go to.
• 26:34
  Let's go to July and see what they're expecting.
• 26:37
  Interest rates will be in July. So on this, as you can see, we
• 26:42
  get the crayons out again, OK, there's our current rate, right?
• 26:46
  3.75, we'll just say 3. We'll say we'll say 3.75.
• 26:51
  The lower end, wow, they are predicting this is the big
• 26:57
  money, this is Chicago Mercantile Exchange.
• 26:59
  Like the bond traders, the rate traders, they're predicting a
• 27:03
  33% chance that rates could be at 3%.
• 27:07
  That would be a full three quarter percent or 75 basis
• 27:13
  points lower than where we are now.
• 27:16
  There's a, Oh my gosh, there's a 20% chance.
• 27:20
  I'll circle the 20% chance that we will be at 2.75, which as you
• 27:26
  can see would be a full 1% lower.
• 27:32
  Wow. I can only imagine when we look
• 27:35
  out, right, when we look out into the summer of next year,
• 27:39
  where the gold and silver price could be, we could be taking the
• 27:43
  blindfold off the silver bear, right, Which is that $85 sooner
• 27:50
  as opposed to later. All of this is underpinned by
• 27:54
  one thing, and that is the trouble that the US dollar finds
• 27:59
  itself in. Let's do a quick review of the
• 28:01
  US debt clock just to see what wonderful shape we are in right
• 28:05
  now. We will go out to the US debt
• 28:08
  clock. It should be on your screen as I
• 28:11
  am speaking. Yes, it is.
• 28:13
  OK, I can never figure out what color shows up.
• 28:18
  Good on here. We will use green.
• 28:22
  OK. Oh boy, imagine that there. the
• 28:27
  US debt is growing like crazy, $38 trillion guys per taxpayer.
• 28:34
  That's now almost $330,000 for each US taxpayer.
• 28:40
  Down here. We see interest expense circling
• 28:43
  it, right, almost a trillion. Don't forget.
• 28:46
  Then that interest expense gets piled into this, which is our
• 28:50
  federal government's deficit. That's the amount of money they
• 28:54
  spend in excess of what they bring in.
• 28:57
  So that right, the interest expense gets piled into the
• 29:05
  deficit, the deficit I'm trying to draw some arrows on here gets
• 29:10
  piled into the US debt and the US debt makes, you guessed it
• 29:15
  right, the interest expense continue to go up, which as a
• 29:18
  bonus feature, I can tell you could even go higher as interest
• 29:22
  rates as the, as the world is rejecting U.S.
• 29:26
  Treasuries could that interest expense could go even higher.
• 29:30
  Nonetheless, let me see if I can get another color on here for
• 29:33
  you. Now here I can just click on the
• 29:36
  screen. What that does is create that
• 29:43
  that that is besides a big cluster bomb that is a debt
• 29:48
  spiral. OK, let me erase all of that and
• 29:52
  let's go do a quick check over here on the dollar to silver
• 29:58
  ratio. All right, this tells us
• 30:02
  basically, here we go I'm trying to circle and it's not a good
• 30:05
  color. Hold on guys, maybe fuchsia will
• 30:09
  work. That's not so good either.
• 30:12
  Why is this so dark? Hold on, we'll go right up Oh,
• 30:20
  there we go. Maybe that'll work Anyway, you
• 30:22
  get the point. That's the dollar to silver
• 30:25
  ratio, 1159 right now. That means that for each one
• 30:31
  ounce of silver that is produced, mined per year in the
• 30:35
  world, the US government through the M2 money supply is creating
• 30:39
  $1159 paper dollars. The where is it paper to silver
• 30:48
  ratio right now, A little bit lower here.
• 30:50
  I'll pull that up as well. Sorry, my my crayons aren't
• 30:54
  working so well today and let's go here.
• 30:59
  There is the paper to silver ratio in the lower right.
• 31:02
  Oh, that looks good. That's the color right 358 to 1
• 31:07
  and right below it you can see the paper to gold ratio at 140
• 31:11
  to one. No matter how you slice it or
• 31:14
  dice it look, it's not a Ron's basement Saturday Night Live
• 31:17
  stream. If we don't do one thing right,
• 31:19
  that's our sheep impression and AI got another super chat.
• 31:23
  Oh my gosh. Thank you my friend.
• 31:27
  Thank you, Susie. Yes, I just saw that.
• 31:29
  Susie, for those of you who don't know, this is upstairs.
• 31:31
  Susie, that's my lovely wife. She communicates with me via
• 31:35
  walkie-talkie. Everybody give her a high 5.
• 31:37
  And if you could in the comments show her a little love.
• 31:40
  Say we love you Susie, or say something nice to her.
• 31:43
  She's wonderful. She helps me because sometimes
• 31:47
  this is hard. You might understand.
• 31:48
  I'm like the one man band down here.
• 31:50
  Sometimes I forget to share screens.
• 31:52
  Anyway, thank you, practical preps.
• 31:55
  Thank you. Ron's basement is the best,
• 31:58
  better than regular TV. Hey, all right, That's right,
• 32:01
  guys. So look, we covered a lot in
• 32:04
  this video. There's a lot for us to be
• 32:07
  excited about, about the future of gold and silver, okay?
• 32:11
  A lot for us to be excited about the average person out there.
• 32:16
  One big, big thing we need to remember in the United States of
• 32:20
  America, which is still the world's biggest economy, and I
• 32:23
  live here, right in the heartland, I can tell you
• 32:26
  nobody. Hold on.
• 32:29
  I'll get back to you in one second, Susie.
• 32:31
  Nobody. Nope.
• 32:32
  Very few of them. You are part.
• 32:34
  We are part. You are part of an elite group
• 32:37
  of people. We are like the Navy Seals of
• 32:40
  financial protection. OK.
• 32:42
  We understand the metals. Silver and gold have been money
• 32:45
  forever. All these big, big business.
• 32:49
  Why it's important to protect ourselves, Our neighbors.
• 32:52
  When you talk to them, me, I talk to my neighbors.
• 32:55
  They're like, yeah, Like if. Like if I don't feel like like
• 32:58
  I'm engaging in conversation with some of my neighbors and I
• 33:02
  love my neighbors, don't get me wrong, but you know, if I'm
• 33:04
  tired or whatever, all I got to do is start talking about silver
• 33:08
  and gold and they head the other way when they wake up, right?
• 33:13
  Those people, and we heard of those people endearing way as
• 33:17
  the. The sheeple right there it that
• 33:27
  is going to be that's when the top blows off.
• 33:30
  I was talking to somebody last night about this.
• 33:34
  That's when when that's when we might consider maybe converting
• 33:38
  some of our silver and other real assets land, whatever
• 33:43
  commodities, whatever it might be, it's going to be great.
• 33:45
  It's going to be fun. Let me ring the Golden Dawn.
• 33:47
  It's Saturday night. We got over.
• 33:49
  Hold on a second here. Let's check in with upstairs.
• 33:52
  Susie, how many lights do we get, sweetie?
• 33:57
  All right, wait. All right.
• 33:59
  Thank you, basement dwellers. Listen to it resonate.
• 34:05
  You got to love it. All right, guys, you know what?
• 34:08
  I might be back tomorrow. If not, I'll be back early next
• 34:12
  week. We are in for just a wild ride.
• 34:14
  I really appreciate when you join me down here in the
• 34:17
  basement. We have a lot of fun.
• 34:18
  We got the holiday coming up, so thank you.
• 34:22
  Don't forget. Please subscribe to the channel,
• 34:24
  that's free. Take care and you are important.
• 34:27
  You're good. Have a great night and I'll see
• 34:30
  you soon.