Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **SILVER Doing the UNTHINKABLE!** 🦍🦍 YOU Best Hear this Precious Metals NEWS Update

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**SILVER Doing the UNTHINKABLE!** 🦍🦍 YOU Best Hear this Precious Metals NEWS Update · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:01
Silver doing the unthinkable, but we're going to look at the
0:05
main culprit in why we don't have to be too worried, but we
0:09
do need to be worried about the US economy in general.
0:13
We've got some doom and gloom. Things aren't looking good in
0:16
the US economy. However, there could be a big
0:19
silver lining for precious metals investors, and we're
0:24
going to talk about a very hot topic in the world of precious
0:28
metals, and that is retail demand for silver.
0:31
We've got some incredible insights from there as well.
0:34
I talked to a lot of people over the last few days.
0:37
But first let's run out and take a look at what's happening in
0:40
the silver market because it's unthinkable, right?
0:43
We're having some volatility and it's not a lot of fun today for
0:48
everyone in the precious metal sector.
0:51
We've got silver in the spot market down right now of over 4
0:57
percent, $3.53. We're going to talk about why
1:00
that $80 range is so critical. But also we've got gold.
1:05
Gold not down much at all. Interesting.
1:07
Only half a percent, still holding above $5000.
1:12
But let's talk about the main culprit and why we don't have to
1:17
be too worried. And that would be this year, the
1:20
US dollar or specifically the US dollar index.
1:24
As you can see, it's back above 100 because of the war, because
1:29
of of, of things getting worse in the war, which is not a good
1:33
thing. We don't like it.
1:34
But nonetheless, people are running to the dollar and that's
1:38
making the dollar index go up. We don't have to worry about
1:42
this. Couple reasons why number one,
1:45
the dollar index is like comparing 4 of the worst
1:49
currencies in the world to each other.
1:51
It's quite literally like here I'll look you in the eye when we
1:55
talk about this it's quite literally like a math class of
1:59
20 students and the worst three it's like the worst three or
2:03
four students in the class comparing themselves to each
2:06
other. OK that's the dollar, the euro,
2:09
the yen. It compares these Fiat
2:12
currencies, whereas in that same class that I just talked about,
2:15
gold and silver would be the number one in the #2 students.
2:20
So the dollar index is a bunch of noise, OK, but furthermore,
2:25
but furthermore, it is already at what are historically
2:30
relatively high levels. Let's go back to this chart and
2:33
I want to show you some very interesting things on this chart
2:37
about the dollar index. If we do a long term time frame
2:42
chart goes all the way back to to 1985 and we look at where we
2:48
are right now and we draw a line right here at the $100 level as
2:55
you can see clearly guys, OK, we are, well that's a little bit
3:01
high, but you get the point. We're up in this range right
3:04
here, right now. All right.
3:06
Now if you look back over time, we've only been up here very few
3:11
times, right early 2000s and then back there back in the mid
3:17
80's. The big key thing to see on this
3:20
chart is again short term noise with the dollar index is pushing
3:24
down, putting some downward pressure on silver and gold.
3:28
Look, we really can't complain about $80 silver, $5000 gold,
3:33
but it is creating a little bit of a head one when the DXY index
3:37
does go up. But what is so fun to look at on
3:41
this chart is what happens when the the dollar index goes down
3:45
to levels like 75. And as you can, as you can see,
3:50
that happened. Hold on one second there, sorry,
3:55
back in 2011, but we were also at this level in 2001.
4:03
During that period when the dollar index dropped from from
4:07
all the way up there all the way down to 75, the silver price
4:10
went from under $5 per oz to over $50 per oz.
4:15
So the big key take away there is that the the dollar index is
4:19
what's putting some headwinds on the gold and silver price right
4:22
now. That's temporary noise.
4:24
We know the big picture. We got big alerts, big warnings
4:27
about the US economy that are going to lead to money printing.
4:30
And some people are saying a big move is imminent.
4:33
Now, this next chart that I'm going to scare you will be a
4:36
little scary. Let's go take a look at this
4:39
one. Boom.
4:42
OK, there we go up on your screen from silver trade
4:47
warning, massive move and silver looks eminent.
4:50
Silver will give us the answer within seven days.
4:53
Silver's huge wedge formation is looking is nearing completion.
4:57
A breakout likely sends us back to all time highs and beyond a
5:01
breakdown. This is where it gets scary
5:03
guys. Likely sends us back to retest
5:06
the entire breakout from the 50 year cup and handle formation,
5:10
which would be around what $5253 per oz silver.
5:15
And AS we look at this chart, I don't want to scare you, but we
5:19
do need to point out that where we are today, right now at $80
5:25
per oz, we've come down a little bit below.
5:28
OK, if that continues here over the next 6-7 days, that will not
5:35
be a good thing. But as you can see, right, we
5:38
broke down several times below that chart a little bit in the
5:41
past. So, but the other key thing to
5:43
remember with this is that we went into this wedge pattern
5:47
with what you can see was upward momentum, right?
5:51
Had we gone in with downward momentum, it would be a little
5:55
scarier. So the odds are still in our
5:57
favor when it comes to that and we're getting news from we're
6:02
getting 20% increase in demand for silver.
6:06
This comes from Bloomberg OK worth pointing out being in
6:10
Bloomberg saying physical investment demand for silver is
6:14
on track to jump 20% in 2026 with barn coin purchases
6:20
climbing to 227 million oz as western buyers re enter the
6:25
market alongside sustained Indian appetite.
6:28
The capital rotation as the metal structure supply deficit
6:32
stretches into a six consecutive year projected at 67,000,000 oz.
6:39
So our big picture on silver remains intact.
6:42
The stuff going on with the dollar index right now remember
6:46
that's just the dollar index comparing the dollar to other
6:49
credit currencies. The best horse in the glue
6:52
factory is an analogy that a lot of people use The big picture
6:56
remains intact. The real value of the dollar
7:00
based upon simple mathematics will likely continue down.
7:04
But when they're talking about increased demand, investment
7:07
demand for silver, there's a lot of concern, a lot of drama out
7:11
there about about demand on the retail bullion side for silver.
7:15
So I dug in. I've got some notes I want to
7:17
share with you right now. And there's a couple of big key
7:20
things we want to, we want to talk about #1 when we're talking
7:23
about silver demand, we have to realize we have to determine,
7:29
easy for me to say #1 right, That there's big players driving
7:34
the demand right now. Massive players, big industrial
7:37
players, countries, everything else versus the retail
7:41
investors. But when you go a level down
7:44
into the retail investors, it's very critical, right, to
7:49
differentiate between people that are buying silver and gold
7:53
online versus people that are buying silver and gold at their
7:57
local coin shops, OK? Retail overall is a small pit of
8:03
small portion of the overall demand for physical silver,
8:08
however, OK. However, it has the ability to
8:12
become a very important component of demand at certain
8:15
times, OK. But what we're seeing, the big
8:18
key thing that we want to talk about with this is that you're
8:22
hearing a lot of coin shop people online and people love
8:25
the guys that work in the coin shops.
8:27
I love the local coin shops talking about a challenged level
8:31
of demand for physical silver. Some of them still talking over
8:35
the last month or so about more people selling silver than
8:38
buying silver. We got to remember that's only
8:42
at the local coin shops. I talked to some people that are
8:45
in the online bullion arena, right?
8:49
The online sellers, the big people, they're saying that
8:52
sales are very robust. And think about this, it makes
8:56
sense, right? Because like everything, people
8:59
are moving to more online shopping, online buying.
9:03
And it's a lot easier for someone to sit in their basement
9:08
and buy silver online than it is to get in the car, drive to the
9:12
coin shop. And the reality is a lot of a
9:14
lot of times the online bullion dealers have better heels on the
9:19
metal as well. So when we hear all this kind of
9:22
FUD that's out there about the about the retail local coin shop
9:26
level telling us that there's not a lot of demand.
9:29
We got to remember that like all sections of of retail, a lot of
9:35
people are moving into buying their bullion exclusively
9:39
online. And on top of that, we have to
9:42
remember as well that when people want to sell bullion,
9:45
they only usually want to sell a little bit and they want money
9:48
immediately. So they're more likely to go to
9:51
their local coin shop to sell then they may necessarily be to
9:56
buy. I hope that makes sense.
9:57
I wanted to kind of clear that up in terms of what's happening,
10:01
what I'm hearing is happening and what makes sense about
10:04
what's happening on the retail. Like what I'm hearing from the
10:07
big online bullion dealers is that retail demand is still
10:11
really, really strong, especially when measured in a
10:15
dollar level. Maybe the oz have come back a
10:19
little bit, but silver at $80.00 an ounce, it creates a much
10:24
higher dollar value per per order.
10:30
OK, sounds great, Susie upstairs Susie chimed in.
10:34
There's a text I need to read with a question.
10:37
I'll get to that. You know, Speaking of bullion,
10:39
don't forget if you're looking to buy silver, First Mint is the
10:43
silver specialist mint with their facility in the United
10:46
States in Las Vegas, NV. They get their silver from First
10:50
Majestic who owns First Mint, right?
10:53
It's they create world class silver bullion products they can
10:58
that then get ship directly to you from the mine to the mint to
11:02
you. Absolutely beautiful products
11:04
like this one right here. That's their year of the horse
11:08
coin man. That thing is look how
11:10
reflective that is. I mean absolutely beautiful.
11:14
You can learn more about them at First mint.com, where I am going
11:18
to bring you right now. There's their cast bars.
11:21
There's that Year of the Horse we just looked at.
11:24
They have all types of products. And the best thing about First
11:27
Mint is the feedback that you guys are giving me about your
11:32
experience with First Mint. It really is a premium retail
11:36
experience and there's a discount code that you can use
11:40
VIPRB and you'll get a small discount.
11:43
OK, let's move on. Oil skyrocketing.
11:48
People keep asking this question.
11:50
Oil skyrocketing will eventually lead to much much higher gold
11:55
and silver prices and make gold great again.
11:58
Gave us a great progression series of events as to how this
12:03
can happen. Oil spikes means energy costs
12:06
more. Energy costs more, means
12:08
shipping costs more. Shipping costs more, means food
12:12
for instance costs more. Food costing more means
12:15
everything costs more. Everything costing more means
12:19
the gold and silver will rip your face off, right?
12:23
Inflation, guys, at the end of the day is the same exact thing
12:29
is devaluation of the US dollar or whatever Fiat currency you
12:35
want to use to measure it's devaluation, inflation and
12:38
devaluation. And at the end of the day, over
12:41
a long period of time, despite little periods of noise like
12:45
we're having right now with the DXY index, that will lead to
12:49
much, much higher prices for gold and silver.
12:53
And Speaking of oil, big allegations coming out about the
12:57
potential of the US government thinking about or possibly some
13:03
people are speculating already working in the oil market.
13:07
This is fascinating. We'll go out here first to
13:11
investing.com and they're telling us the CME Group CEO,
13:17
remember the CME Group, we'll talk about that.
13:19
Warns against US intervention in the oil futures market.
13:24
I think we got one. Yep, Here we go, 11 paragraph.
13:29
Oh, shoot, what the heck is this dangerous sight?
13:34
Hold on here, Hold on, get rid of that, OK?
13:38
The chief executive of the CME Group warned the Trump
13:41
administration against intervening and derivative
13:44
markets to lower oil prices during the war with Iran, saying
13:48
that such action could trigger a biblical disaster, according to
13:53
a report from the Financial Times.
13:56
That is the CME Group, which is the same company that owns
14:03
Nymex, which owns the Comex, which many people have accused
14:08
of artificially suppressing the price of silver and some say
14:13
gold for decades. So now it's coming out that
14:17
there, you know, I don't know, I'm going to leave this whole
14:20
subject alone. But oil is like the most highly
14:24
traded commodity on the face of the earth.
14:27
And if they're thinking about or warning them against
14:30
manipulating oil, maybe they need to take a look at the
14:33
silver market in particular as well.
14:35
This was even covered by the Financial Times.
14:40
Here we go. They the markets and Mayhem says
14:43
there's growing speculation that the US government could has
14:47
directly been intervening in energy markets to suppress oil
14:51
prices. This would not only be the
14:53
antithesis of free markets, but it would also more than likely
14:57
backfire spectacularly. And that was, this was reported
15:03
by the Financial Times. So we'll keep an eye on that.
15:06
Again, I want to emphasize speculation at this point.
15:10
What about a depression? What about economic gloom and
15:13
doom? Don't forget, guys, the only
15:16
thing that the Fed can do at this point in reality to deal
15:20
with economic turmoil will be to print money.
15:24
And we got a whole list of things that we're going to go
15:27
through warnings and actual data that point to the fact that
15:30
things are not good in the US economy.
15:33
We're going to get to that next after I say thank you to 1st
15:36
Mining Gold for sponsoring Ron's basement third development stage
15:40
gold company with two huge multi million ounce projects in
15:44
Canada, Spring Pole in Ontario and Duke Parquet located in
15:48
Quebec, each of which separately have millions of Oz of gold in
15:53
the ground in Canada. I'll have an interview out
15:55
tomorrow with the CEO of First Mining Gold, Dan Welton, where
16:00
we talk about what's happened and happening in the overall,
16:03
overall precious metal sector, but also some exciting
16:06
developments at his company, First Mining Gold.
16:09
You can learn more at firstmininggold.com.
16:13
Robert Kiyosaki. And he even uses the D word.
16:17
Oh my gosh, here we go. Robert Kiyosaki tells us the
16:22
crash accelerates private credit, which we're going to
16:27
talk about here next. Funds are panicked as investors
16:30
withdraw their money. Major big name banks and brand
16:33
name financial institutions are in trouble.
16:37
Jim Rickards, highly respected person in the financial world,
16:42
formally declares the US is in a new depression.
16:46
What? And wait till you hear data that
16:49
we're going to look at later. What are you going to do?
16:52
He says. Robert Kiyosaki reminds
16:54
everybody's everybody that he continues to buy oil, silver,
16:58
gold, Bitcoin and etherium. All right, let's move on now to
17:03
this private credit issue. This is a massive thing.
17:08
Could be some people are saying the equivalent of what the
17:11
mortgage-backed securities were during the great financial
17:14
crisis of O7O8. I want to emphasize that
17:17
speculation, but all of a sudden these private credit, private
17:21
credit is our financial instruments that exist outside
17:26
of the traditional banking system.
17:29
Some people call them shadow banking, OK.
17:32
And it's cracking. People are running to these big
17:35
and these are big companies and saying I want my money back.
17:39
And the big private credit firms are saying whoa, whoa, whoa,
17:43
whoa, we can't give you all your money back.
17:45
We can't give you all your money back, right?
17:47
We can only give you half of what you want or a portion of
17:51
what you want. And oftentimes in their defense,
17:54
they do have in their agreements that so there's a limit to how
17:57
much can be withdrawn at one time because they've loan that
18:00
money out. But these are the speculation is
18:03
maybe some risky loans that aren't doing too well.
18:07
And let's just run through a quick list of what we're seeing
18:11
in this world of private credit. This came from bar chart.
18:16
Another one, $33 billion Cliff water private credit fund,
18:21
limiting redemptions to 7%, half of what came in Blue Owl,
18:26
Blackstone, Black Rock, JP Morgan, Cliff water.
18:29
Who's next? OK, again, we're going to run
18:32
through another list, this one from wealthy and on breaking.
18:35
They're not going to report this on CNBC.
18:37
JPMorgan just marked down loans and is cutting off private
18:41
credit groups. We've had blue Owl, Blackstone,
18:44
Black Rock, the biggest bank now, the biggest bank in
18:47
America. This isn't a one off, it's a
18:49
pattern. And next we'll go to this right
18:54
from International Stacker, another private credit Domino
18:57
falls, this time Morgan Stanley. They, they just capped
19:00
redemptions on their 7 billion fund after 11% withdrawal
19:07
demands. So this private credit situation
19:10
is becoming very, very interesting.
19:12
It's kind of like people running to their bank and saying, hey,
19:16
my savings account says I have $100,000, I would like my
19:21
$100,000. Well, as most of us know, the
19:24
bank doesn't actually have that money at the bank.
19:26
So it's a interesting scenario that is showing signs of being a
19:32
little more than speculation that there might be some cracks.
19:35
Again, private credit are like like banks, that's why they're
19:39
called the shadow banks, but they're not part of the official
19:43
banking system. They loan money out.
19:46
They're like, I hear a lot of like software companies, tech
19:49
companies, and let's just say we're going to keep a very close
19:54
eye on what transpires there in the take away for precious
19:58
metals is right. That at the end of the day, if
20:01
we do, if we do have a depression like Jim Rickards
20:05
apparently is saying, or a crash like Robert Kiyosaki is warning
20:09
us, right? That the only thing that they
20:12
can do, the Fed basically to deal with that will be to print
20:18
money. And that will drive the real
20:19
value of the dollar down. And that will make you and me
20:23
very happy that we have protected a portion of our
20:28
wealth with precious metals, silver and gold and maybe mining
20:32
stocks as well. Other signs that there's big
20:35
trouble right now in the US economy.
20:37
Housing, this one came out. This this to me was a real
20:42
shocker. I think it was just this
20:45
morning, no limit put out that home sales just just hit their
20:49
lowest level since the 2008 financial crisis.
20:55
Ladies and gentlemen, it's here. I mean, this is incredible.
20:59
I can I don't February home sales.
21:02
Wow, seriously, like this was the great financial crisis time
21:09
period, right? Which was really a real estate
21:13
and mortgage driven and we are down at those levels.
21:17
That is not a good sign. But wait, there's more because
21:21
as CNN business reported yesterday, right, we know that
21:25
we got bad jobs numbers, jobs are falling, but also spending
21:30
is too. And that's a big, big problem.
21:33
The reason why that's a big problem is because jobs, right,
21:38
are important. We know that, right?
21:40
We know that the government just wrote off another 700,000 jobs
21:45
from the last 13 months. That's besides the point.
21:48
We know that the last jobs report that we got was a
21:50
shocking negative number that occurred.
21:54
But even more important is consumer spending, because the
21:57
United States economy runs off of consumer spending and it's
22:02
also showing major signs of weakness.
22:06
Guys, I don't want to be maybe a Debbie Downer, but maybe Jim
22:10
Rickards with his extreme call on what's happening in the US
22:23
economy is that there's more. Hopefully you can see me.
22:26
Are we there? Yep, we're back.
22:28
Sorry about that. Looks like we had some tech
22:30
issues happen today. All right, The New York Times
22:34
reports as everybody's talking about breaking news.
22:42
OK, open. And I will.
22:45
OK, I'll, I'm going to read the question on the text and then
22:48
we're going to look at the Super jet too.
22:49
But today we get this from the New York Times.
22:53
Make sure you saw that U.S. economy was vulnerable before
22:58
the war with Iran. The economic growth at the end
23:01
of 2025 was revised downward, and consumer prices rose at the
23:06
start of 2026. It's a troubling snapshot of an
23:10
economy on unsteady footing before war with Iran up ended
23:17
the markets OK. And guys, So what that's telling
23:21
us is that the US economy was already weak before the war with
23:25
Iran. The war with Iran has created an
23:28
energy shock. And here's a big key point for
23:31
us to remember. That cat is out of the bag.
23:34
If everything stopped today, right, the the repercussions of
23:40
what's happened in the last two weeks to the economy wouldn't be
23:44
instantly fixed and we were already on bad footing to begin
23:50
with. I would say buckle up.
23:51
It's going to be very, very interesting.
23:53
Let me go out here, Susie said. She sent me a text.
23:56
We got a secret text we're going to read here in just one second.
24:01
And here we go. Susie, question from a viewer.
24:07
Big players are controlling the price of paper.
24:11
How are we supposed to think of a new all time high price?
24:15
Nobody wants retailers to earn money.
24:19
OK. If big players are controlling
24:21
the price with paper, how are we supposed to think of a new all
24:24
time high price? Nobody wants retailers to earn
24:27
money. Look, you know, Yeah, the big
24:30
players are controlling the price, but not necessarily with
24:36
paper. I want you to take a step back
24:38
and think about this. And I understand your question
24:41
and I understand your concern. But the big players right now,
24:45
if they were controlling the price of silver and wanting to
24:49
keep it artificially low, we would be talking about $34
24:54
silver or $27.00 silver. Let's take a step back and
24:58
realize we have $80 silver. I said this yesterday and I
25:04
posed the question what I believe and you can believe
25:08
something different. But I think the days of silver
25:11
price manipulation within the context of what it used to be
25:16
two years, five years, 20 years ago are done right that the that
25:20
the big players now that are. Controlling the price of silver
25:35
are the ones that are demanding physical silver, the industrial
25:46
tech, Eric, now I'm back for the we are in a new world, a new
25:49
paradigm for the silver and gold price and demand, especially for
25:53
silver on the physical side. This is a physical driven rally
25:57
and the big players, you got to realize this too.
26:01
OK, the some of some of the manipulators, maybe not all of
26:05
them, maybe not the banks that are in cahoots with the the Fiat
26:08
guys, but a lot of the big players who maybe had helped
26:11
manipulate the price down in the past, they're just as happy to
26:15
manipulate the price higher as well.
26:18
It works both ways. I heard Rick Rule say that one
26:20
time years ago and it made sense to me.
26:22
Like, you know, I never thought about it that way, but it's
26:25
true, right? The the people that some of the
26:27
people that trade and manipulate they are just as happy to make
26:31
money going up as they are when the price goes down.
26:35
Let's run out and take a look at the hold on one second here.
26:40
Susie said we got oh wow, we got 2 super chats.
26:43
OK Ivan hold on let me get you back good.
26:47
Let me look you back in the eye my fellow basement dwellers.
26:50
It's all Unicorn fart dust anyway have a great day Ron and
26:54
Susie enjoy your weekend horns up to the people watching I wish
26:58
you all a happy weekend. Wow thank you Ivan.
27:01
I'm going to put you on the screen.
27:03
You're the man, OK? And we got one from Brian
27:06
Nelson. Again, Brian, happy Friday.
27:09
Thanks for all you do, Ron and Susie, thank you for all you do.
27:12
Thank you guys for being here. We are fine with silver and
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gold. That's my opinion.
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I'm not a financial advisor, you know that whole disclaimer
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thing. But I believe right now the
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biggest challenge that's facing the silver and gold market as we
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consolidate here, right? Even guys we consolidate and
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silver in the 70s were in unbelievable great shape.
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We're getting some short term noise because of the war and
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because the dollar index right is going up that short term
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noise. We're good on the long term.
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I hope you enjoyed your time down here in the basement with
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me. If you did, please subscribe to
27:50
the channel. But most important, I want you
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to come back and join us again. Thank you.
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Have a great weekend and I will see you.
27:58
Yes, I see you. I'll see you soon.