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🚨 UP Next! 🚨 Shocking Price Moves in SILVER · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Which comes next 9. Silver or $90.00 silver?
• 0:07
  Look, we know one of them. Will occur at some point in the
• 0:11
  future, but what will we see next?
• 0:13
  Will we? Get our $9 silver or will we
• 0:16
  have the big party here in the basement, the unblind folding of
• 0:21
  Smitty the. Silver Bear.
• 0:23
  Don't forget about him. He's still there.
• 0:25
  You can see him when Silver hits. $85 His blindfold comes
• 0:29
  off, but what is going on in the world right now that is so?
• 0:34
  Crazy that I'm telling you it could propel the value of the.
• 0:39
  Metals Sky high I got more to talk about with you today.
• 0:43
  Over 2 pages of notes, so I'm going to move fast.
• 0:45
  We're going to talk about the Comex and some interesting
• 0:47
  insights into what's gone on in the last.
• 0:50
  Two days when at the Comex we saw the price of silver get
• 0:54
  absolutely pummeled, What 12%? I don't know.
• 0:57
  Crazy how How Silver got just beat down, but there's some key
• 1:01
  things we need to remember about what went on there.
• 1:04
  We're going to talk about what Tavi Costa?
• 1:07
  Yes, that Tavi Costa is saying about gold and.
• 1:10
  Silver as well, which is super industry interesting central
• 1:15
  bank. Buying continues.
• 1:16
  I've got some breaking news for you on that.
• 1:19
  I've got news for you about the US dollar, one of the.
• 1:22
  Favorite subjects? Doesn't that what they always
• 1:25
  tell us? Gold and silver down because the
• 1:27
  dollars up in value, We're going to poke a big giant hole in that
• 1:32
  idea. No problemo.
• 1:34
  I've got something. Another something.
• 1:37
  We had another senator say something.
• 1:40
  That was just absolutely flabbergasting regarding the
• 1:45
  financial condition of the United States.
• 1:47
  People are waking up. Are people waking up?
• 1:50
  And what did? I hear from a physicist last
• 1:54
  night. A physicist that shocked me when
• 1:58
  it comes to gold. I'm going to cover that.
• 2:01
  Let's go to page 2 just so I can tell you what we're gonna talk
• 2:04
  about. We got more bank doom banking.
• 2:06
  Oh yeah, Have you looked at the 10 year bond yield?
• 2:09
  4.74 point 7%. Don't forget guys, the 10 year
• 2:15
  bond yield just what two years ago was .5 now it's 4.7.
• 2:22
  Ah that is that is that is atomic bomb level increase in
• 2:27
  interest rates. You know that's going to cause
• 2:30
  problems for the banks and we're getting evidence of.
• 2:33
  That already. And we've got more doom about
• 2:36
  the economy. Real data.
• 2:38
  Real. Not.
• 2:39
  Not. Fabricated data.
• 2:43
  Real data that they can't lie. About that tells us the economy
• 2:47
  is on in. Dire, dire straits.
• 2:50
  Oh, I almost forgot the most. One of the most interesting
• 2:53
  things I have to share with you regarding the silver and gold
• 2:56
  market as. Well, I had a communication with
• 3:00
  an executive this morning from a bullion dealer regarding what's
• 3:05
  going on, right. Now are they seeing people just
• 3:08
  running, selling, getting rid of their silver and gold?
• 3:12
  Who? Wants that stuff.
• 3:13
  You would think that's the case, right by what's going on on the
• 3:16
  commacks. But is the opposite true?
• 3:19
  We're going to get to that as well.
• 3:21
  Silver to the moon, Susie? Yes, that's Susie, the real boss
• 3:25
  of Ron's basement. She controls the 1st and 2nd
• 3:28
  floor of the house. She thought this was hilarious.
• 3:31
  One of you put in the comments that Silver's going to the moon.
• 3:34
  All right, Ron, it's going to the dark side of the moon.
• 3:38
  And doesn't it feel? Like that the last few days we I
• 3:42
  don't need to talk about that much more, but let's talk about
• 3:45
  some interesting things about what went on at the COMEX and
• 3:49
  just interesting observations. Let's.
• 3:51
  Use our heads and think about what?
• 3:55
  Let's not use our emotions. We are emotional.
• 3:58
  It's OK All right guys. We all feel mad, sad, happy,
• 4:03
  scared, elated with the whole range of emotions, and that
• 4:06
  includes our reaction to what went on in the silver and gold
• 4:10
  market. But we don't want to make
• 4:11
  decisions based on those emotions.
• 4:14
  We want to make decisions you. Want to make decisions based on
• 4:19
  facts and logic. And let's use a little fact.
• 4:22
  Here's Here's a couple facts about the silver and gold
• 4:25
  market. They are the oldest, oldest and
• 4:30
  what comes with? Age, Wisdom.
• 4:33
  The oldest and wisest markets in.
• 4:36
  The world, they're going to figure out what's going on,
• 4:40
  they. Look out into the future.
• 4:41
  I've heard it described as they are anticipatory markets, The
• 4:45
  silver price. The gold price.
• 4:47
  Right. Silver's been used as money
• 4:49
  longer than anything else on the planet.
• 4:51
  It's been traded, right? It can see into the future
• 4:55
  better than anything, and and it knows what went on on the Comex
• 5:01
  in the last few days is a bunch of BS.
• 5:05
  Same thing with gold. Think about natural.
• 5:09
  Laws of of of physics, right? If if you slam a basketball down
• 5:14
  much like you know, imagine you and.
• 5:16
  I are are are playing catch with the basketball and you take that
• 5:19
  basketball and slam it down on the ground.
• 5:22
  That's exactly what happened to the Silver.
• 5:25
  Price and gold price and likely platinum could fit.
• 5:29
  In there as well, over the last just two or three or four days.
• 5:33
  When you slam something down, it usually bounces.
• 5:36
  Right back. But what's even more interesting
• 5:40
  about this scenario that we're living in right now with the
• 5:43
  precious metals and the gold and?
• 5:44
  Silver price, I think, I think. And I want to know how you feel.
• 5:49
  About this, but do you think? Thank you, Mark.
• 5:51
  For the Super Chat, not Mark, I'm sorry.
• 5:53
  Mark, market error. Thank you guys.
• 5:56
  Super chats are always greatly appreciated.
• 5:58
  Seriously, never expected so thank you.
• 6:02
  But if you think about, I think it.
• 6:04
  It's possibly a good thing that. We saw this this the silver
• 6:08
  lining to the silver smash in the last few.
• 6:11
  Days, right? It tells us what we've talked
• 6:14
  about, right? You look.
• 6:15
  For the the big picture, things are so.
• 6:19
  So fragile. So crazy, right?
• 6:22
  Now happening quicker and quicker the the smart what?
• 6:26
  Is that telling us how fast these things are happening?
• 6:30
  They can happen fast in that down direction, but I'm telling
• 6:33
  you they can happen fast in the up direction as well.
• 6:38
  Remember, say it briefly back to March and April when we had the
• 6:43
  banking. How fast silver and gold
• 6:46
  reacted. How fast the Fed had to jump on
• 6:49
  everything. Things are happening now at a
• 6:52
  much more. Large scale.
• 6:54
  Because the system has grown so complicated.
• 6:56
  But much faster as well, so we could see.
• 7:01
  Rip your face off type moves in the silver prize.
• 7:06
  Do you think Silver is going to get the 9:00?
• 7:08
  It could. OK, look, I said.
• 7:11
  We we talked about this. Nobody knows for sure.
• 7:15
  I don't think it will. I think we're, I think you know
• 7:18
  we. Can see.
• 7:18
  Rip your face. I'm not saying we're anything
• 7:20
  $90.00 in the next month or two months.
• 7:23
  We can see. We need to be prepared for
• 7:26
  craziness in the market, because things have.
• 7:29
  Are so screwed up, so fragile right now that it's.
• 7:34
  Just the the nature of what we're dealing with.
• 7:37
  It's like as a human gets really old, right As the human gets
• 7:41
  into their 90s, they become more fragile, Delicate things do
• 7:45
  happen faster. And that's exactly what's going
• 7:47
  to happen in the silver and gold market.
• 7:49
  I got to. Ring the bell.
• 7:50
  Wow, we got 100 thumbs up. Thank you guys.
• 7:53
  Please give this a thumbs up. That helps.
• 7:59
  There you go. So I don't know what do you
• 8:02
  think about that, I mean? I I I have a hard It can be
• 8:06
  challenging to convey this stuff.
• 8:08
  Thank you, Mountain. Bullion and the basement
• 8:11
  dwellers, my good friend Brian guys.
• 8:15
  A side note, quickly go check out Brian's channel, Mountain
• 8:18
  Bullion Entertainment. I mean this from the bottom of
• 8:21
  my heart. He's a good quality guy and puts
• 8:24
  out some very interesting videos.
• 8:27
  Go check it out. Mountain Bullion Entertainment.
• 8:28
  Don't do it right now. Don't you leave the live stream
• 8:31
  but a? Really a top tier?
• 8:32
  Great guy. And I'm not just saying that
• 8:36
  because he gave. Me a super chat, I say that
• 8:38
  you're irregardless of that. It's hard to put it into words,
• 8:43
  but we know the system has be grown so delicate, so fragile
• 8:48
  things are going to be be. Prepared because things are
• 8:51
  going to happen quickly. We talked about this mentally
• 8:54
  prepared. Monetarily repaired, things are
• 8:56
  going to happen quickly. Let's talk.
• 8:58
  Let's talk about some good news. What?
• 9:02
  What? What do we What do we think when
• 9:03
  we hear? Tavi Costa talk about reasons to
• 9:08
  be optimistic in the gold and silver market.
• 9:10
  Let me pull out my third sheet of notes that I prepared for
• 9:13
  you. Let me run through these
• 9:15
  quickly. Silver and gold production are
• 9:18
  falling. Yes, mine output is falling.
• 9:21
  The pipeline of projects and available oz for the future for
• 9:26
  silver and gold are falling. What does that mean?
• 9:29
  That means the future supply of the metals will continue to be
• 9:33
  constricted. While simultaneously.
• 9:37
  If we believe common sense and we know what's going on with
• 9:40
  gold demand and silver demand, demand is going.
• 9:45
  What happens, right. We're in economics 101.
• 9:48
  When demand goes up and supply goes down, real value is
• 9:53
  created. Real money price, OK?
• 9:55
  However you want to look at it is created OK Central banks are
• 9:59
  accumulating. We've talked about that ad
• 10:01
  nauseam, but we got recent news the Singapore again, Singapore
• 10:07
  has accumulated. More gold Singapore is regarded
• 10:12
  as one of the more intelligent countries in the world.
• 10:14
  Talk to anybody who's a high level financial guy and they'll
• 10:18
  tell you. Everyone respects Singapore and
• 10:22
  let me just read briefly to you the the headline on the
• 10:25
  Singapore. Story because it bears
• 10:29
  repeating. If I can get my technology.
• 10:32
  To catch up here. Hold on.
• 10:33
  I'm coming. Don't you go anywhere?
• 10:36
  Then? Can't be thoughts or do.
• 10:37
  Whatever you need to do, Singapore buys.
• 10:40
  Gold here. This was actually from bullion
• 10:45
  star, said Singapore central bank can't stop buying gold.
• 10:51
  They added another 1.6 tons of gold to their national reserves
• 10:56
  during September and now hold almost 230 tons of gold.
• 11:00
  Singapore has bought a whopping. 75 tons of gold so.
• 11:05
  Far this year, boosting their gold reserves by 49%.
• 11:10
  What? Does that tell us?
• 11:11
  I don't. Know what does that tell us?
• 11:13
  When? One of the most sophisticated
• 11:15
  financial countries in the world, their central bank
• 11:18
  continues to. Buy gold.
• 11:20
  I think that spells good things for the future of the gold and
• 11:24
  silver price. Toby talks about unsustainable
• 11:28
  fiscal deficits. We know that.
• 11:30
  Any ratio you look at, any ratio the S&P 5. 100 to gold.
• 11:35
  Any, any ratio, whether you're looking at physical gold,
• 11:38
  physical silver or especially the mining?
• 11:41
  It's crazy guys. The, the, the undervaluation of
• 11:46
  the metals in the mining stocks right now is absolutely crazy.
• 11:51
  Deglobalization, the geopolitical situation in the
• 11:55
  world right now, we know what's going on with the bricks.
• 11:57
  We know the world is deglobalizing, right?
• 12:01
  It's worth. It's the trend.
• 12:03
  Countries are starting to look out for themselves, not sharing
• 12:07
  their toys with one another. And that leads to countries not
• 12:11
  trusting each other. And whenever there's a breakdown
• 12:13
  in trust, what do you think that means for the the demand for
• 12:19
  precious metals? People are looking for
• 12:22
  alternative safe haven. Assets, the traditional 6040,
• 12:27
  OK, that's a, that's the traditional traditional
• 12:31
  financial services allocation in the United States. 60% stocks,
• 12:36
  40% bonds. That's breaking down and we're
• 12:38
  seeing more and more people and very interestingly more younger
• 12:42
  people, right, that are wanting to move to alternative stores of
• 12:47
  value. We know there's a trend with the
• 12:49
  millennial generation to buy silver and gold, lack of new
• 12:54
  gold discoveries, right? We aren't finding any more gold,
• 12:57
  we aren't finding any more silver.
• 13:00
  Ultra Capital Conservatism by the mining.
• 13:03
  Companies again that's leading to this?
• 13:05
  Doc, we're going to have a shortage of available products
• 13:10
  for the available projects for the mining industry and that's
• 13:15
  only going to spell one thing, decrease supply.
• 13:18
  Now I will. Tell you briefly I want to
• 13:20
  thank. One of our sponsors, First
• 13:22
  Mining Gold, that's our mining company.
• 13:25
  Sponsor here in Ron's basement. They happen to have two 5
• 13:29
  million ounce projects in Canada.
• 13:32
  Development projects. They're in an.
• 13:34
  Exciting phase right now where they're working them through the
• 13:39
  permitting process. They're putting out preliminary
• 13:42
  economic assessments. They've already drilled.
• 13:44
  They've already found all this gold and I'm telling you, these
• 13:47
  big mining companies in a couple years.
• 13:50
  Are going to be desperate for new projects.
• 13:54
  If that all plays out, you're going to see opportunity for a
• 13:58
  significant capital appreciation in stocks like first mining
• 14:02
  gold. I'm not a.
• 14:03
  Financial advisor I'm not giving financial.
• 14:05
  Advice, but I will tell you I do own the stock and I do believe
• 14:09
  in the company and the management now well that this is
• 14:13
  crazy interesting, this. This is the This is the
• 14:16
  humdinger. The kicker?
• 14:19
  I'm sorry. This is the kicker that Tavi
• 14:21
  brings up. Think.
• 14:22
  About this, what do these three things as you think about what's
• 14:25
  going on right now? He said.
• 14:27
  There's a trifecta of macro imbalances right now.
• 14:32
  We have the debt problems in the United States similar to what we
• 14:36
  had in the 1940s. That was after World War 2.
• 14:41
  Our debt situation in this country right now is similar to
• 14:46
  the debt situation the countries get themselves.
• 14:48
  Into after periods of war. OK, so that's number one.
• 14:52
  We got a massive debt. But at the same time we have the
• 14:56
  inflationary issues of the late 1970s.
• 15:02
  OK, inflation is a big problem at the same time, just like the
• 15:06
  1970s. Thank you for that super chat.
• 15:10
  You don't the architect. Thank you man, basement dwellers
• 15:15
  and we. Got a big basement dweller
• 15:17
  giveaway coming up on Black Friday?
• 15:20
  Not good maybe. I just like positive things.
• 15:22
  So I want to say Good Friday, Black Friday.
• 15:24
  So we have massive debt guys like the 19. 40s at the same
• 15:28
  time we've got massive inflation problem and at the same time the
• 15:33
  third component is we have asset valuation imbalances.
• 15:38
  Like we had right before the Great Depression and when the
• 15:43
  tech bubble. Burst This is real.
• 15:46
  This is really going on. It's like we've got the worst of
• 15:50
  all these situations coming together.
• 15:54
  What's that word? I love that word.
• 15:56
  I can't believe I can't. Convene him and it's and it's
• 16:01
  not a positive situation. This is a you know, I know.
• 16:06
  We've had such pain in the silver and gold price, right?
• 16:11
  Measured in. Dollars lately, but I'm telling
• 16:14
  you this is. Just my feeling again.
• 16:16
  I don't have a crystal ball. I'm not getting financial
• 16:18
  advice. It's sure in my bones feels like
• 16:23
  we're heading into a. Very, very, very conducive
• 16:27
  environment for much higher prices in silver and gold
• 16:32
  shortterm pain for longterm gain, hey, you know we'll.
• 16:36
  See how it plays out? But I I.
• 16:38
  Don't we? We don't ever remember things
• 16:41
  being so screwy, like like they are now.
• 16:44
  So what do you think is going on?
• 16:47
  Let's talk. About what the executive at Penn
• 16:51
  Beck's told me this morning. That's our online bullion dealer
• 16:54
  sponsor here in Ron's base. My thought I'm going to reach
• 16:57
  out to them because I'm curious, with this smash that we've seen
• 17:02
  in the metals prices, are they seeing people run in to?
• 17:06
  Sell all their metals back. I mean that must be going on,
• 17:09
  right? Because look.
• 17:10
  Look at what the Comex is telling us.
• 17:11
  Silver is almost worthless if silver.
• 17:14
  Continues at the same pace. Price decrease, I mean by Friday
• 17:18
  we may have that $9 silver price.
• 17:22
  So, so I'm. Sure that people are just
• 17:24
  dumping their silver left and. I reached out to pin backs, I
• 17:28
  said. Guys, give me a read.
• 17:29
  I want to share with our audience what's going on right
• 17:32
  now and I'll just. Read to you what he said back to
• 17:34
  me because I think it's very, very interesting, he said.
• 17:42
  He said, Hey Ron, with the dip in spot price, we've seen a
• 17:46
  fresh wave of value buying and sales are certainly elevated.
• 17:53
  He means. Sales of precious metals.
• 17:55
  Interesting, huh? The fervor has not quite hit the
• 18:00
  March, April levels. Remember, that was when we had
• 18:03
  those little banking problems here in the United States
• 18:06
  following the bank failures. But it's up there.
• 18:10
  Interesting. And the combination of low
• 18:13
  wholesale premiums gives even more reason for people to dig
• 18:16
  deep. Do you want to know what people
• 18:18
  are buying? I'll tell you what people are
• 18:20
  buying thanks to our friends. At Pim Beck's, he told me
• 18:23
  they're selling a lot. Of Silver Eagles, Gold Maples
• 18:27
  and Junk Silver are the hottest items right now and listen to.
• 18:31
  This coin shop Chris is going to like.
• 18:33
  To hear this 90% junk is becoming.
• 18:37
  Very difficult to source. That's the constitutional silver
• 18:41
  pre 1965 coin shop. Chris can throw a virtual Ding
• 18:45
  Dong at me if I got that wrong but that that's dollars, 50 Cent
• 18:50
  pieces, quarters and Dimes minted pre 1965 that were 90%
• 18:56
  silver becoming and that's. Exactly what we saw during the
• 19:00
  banking crisis. I said feel free to mention
• 19:02
  pinbacks and we're your guys. Yeah, we love the guys at
• 19:07
  Pinback. So if you want to get some.
• 19:09
  Well, let let's, let's do the take away then I'll do the
• 19:11
  commercial. The take away on this is this
• 19:14
  drawdown in price has caused an increase in demand from retail
• 19:20
  investors. Isn't that interesting?
• 19:24
  I'm telling you, what do you think's going to happen when we
• 19:29
  hit a real bump in the road? There's going to be unbelievable
• 19:33
  sky high demand for metals. It's just it's a fact I'm
• 19:38
  getting, I'm getting yelled. At I missed a super chat.
• 19:41
  Uh oh, hold on guys. I apologize.
• 19:44
  Bear with me technical. Difficulties, technical
• 19:47
  difficulties. There we go.
• 19:50
  Love the basement, Thomas Larson.
• 19:52
  Hey, I love. I love all you guys.
• 19:54
  Thank you Thomas for the Super chat.
• 19:56
  Thomas, what do you think? What do you think's going to
• 19:59
  happen when we hit a route? We haven't had any bumps in the
• 20:02
  road. We are so the market, the
• 20:06
  silver. Market and gold market are so
• 20:09
  incredibly sensitive right now because remember what Tavi said,
• 20:14
  right? We got a massive.
• 20:16
  Debt problem. We've got inflationary issues of
• 20:19
  the 70s and we have asset bubbles everywhere, everywhere
• 20:25
  except the silver and gold market, remember.
• 20:27
  That guy in Minot? Why not?
• 20:29
  My, not my dad always says that. So I have to say that.
• 20:32
  What? South Dakota.
• 20:33
  He was on that Channel, I think Silver Seeker, and he brought
• 20:37
  up, he said. Something that I thought was I
• 20:39
  just I I don't know if you've thought of this.
• 20:43
  Because I had, I can't. We can't think of everything.
• 20:46
  That's why we communicate. That's why you're here.
• 20:47
  Right now. So you can hear this insightful
• 20:51
  comment this guy made. We're here to help each other,
• 20:54
  he said. Think about this.
• 20:56
  Compared to three years ago, the.
• 20:58
  Price of everything is up except.
• 21:03
  Silver and gold, and that may feel like a big.
• 21:06
  Gut punch to you as a silver investor, As a gold investor,
• 21:11
  but I'm telling you what it means is gold and silver have an
• 21:16
  unbelievable amount of stored up energy.
• 21:20
  The price. Has an unbelievable amount of
• 21:24
  stored up energy. It's like a rechargeable
• 21:26
  battery. That's been plugged into the
• 21:28
  wall outlet. You forgot about it.
• 21:30
  When you want to wait for the weekend you came home that
• 21:33
  suckers charged up to. 140% It's ready to run.
• 21:36
  It's got some power and I'm I I believe.
• 21:40
  I don't know how you feel about this, but I believe.
• 21:43
  That there's a ton of energy stored up.
• 21:46
  Right now in the silver and gold price and look we're not at $9
• 21:51
  an ounce silver and we aren't going to go there.
• 21:53
  Anything is possible. OK, anything.
• 21:57
  But most likely we're not going to go there if we can establish
• 22:01
  a floor here at 20 bucks, right? 1800 for gold with all this
• 22:07
  energy that's stored up with this confluence, That's the
• 22:10
  word. I couldn't.
• 22:10
  Think of that earlier man confluence of factors, the Tabi
• 22:15
  Costa factors that we mentioned plus everything else going on in
• 22:19
  the world. Geopolitical events, right.
• 22:22
  It's going to take. It's.
• 22:23
  It's everything is so delicate and fragile.
• 22:26
  Hey, did Joe the? Bidenomics.
• 22:28
  Oh man, did I get another super chat?
• 22:30
  You guys are off, you? Guys are blowing me away.
• 22:32
  Thank you. Thank you.
• 22:35
  The Bidenomics, that's working. No, it's big sensitive.
• 22:39
  Everything is so delicate. Right now, the Fed has to be
• 22:43
  careful. I heard somebody saying the
• 22:44
  other night, like Janet Yellen a year ago, was talking about how
• 22:48
  there was big liquidity. Problems in the treasury market
• 22:52
  and that those problems are way worse right now.
• 22:55
  But they don't talk about it cuz everything is so delicate and
• 22:58
  sensitive. You got to be careful what you
• 23:00
  say and how you say. It and, you know, doesn't that
• 23:03
  make you mad? That makes me mad because and I
• 23:06
  actually had this. A couple of weeks ago, briefly.
• 23:10
  With, with my with the owner at pinbacks, what if we were on the
• 23:15
  gold? Standard still, you know we
• 23:18
  wouldn't have to worry about at gold if we were still on the
• 23:21
  gold standard guys. Think about it.
• 23:23
  We the, the, the, the the federal.
• 23:25
  Reserve and sorry I put that sheet of.
• 23:28
  Paper in front of you and the Treasury and Jamie Dimon and all
• 23:33
  these people. They wouldn't have to be.
• 23:34
  They wouldn't have to be. Lying so much, it's all a bunch.
• 23:38
  I'm sorry to say this. But it's mostly right, mostly in
• 23:43
  my humble opinion. I don't know how you feel about
• 23:45
  it, but it's just a bunch of like, lie upon lie.
• 23:48
  Upon upon Mirage, and I called a monetary.
• 23:52
  Mirage that we're living in. What if we were still in the
• 23:54
  gold standard? None of this would matter.
• 23:57
  It worked pretty well. I had this.
• 24:01
  Conversation last night with a physicist from.
• 24:06
  Washington University here in Saint Louis, which is considered
• 24:09
  equivalent of an Ivy League college, right?
• 24:11
  It worked pretty well in this country.
• 24:14
  Silver and gold right? For for for.
• 24:17
  Decades upon decades, we were became the strongest, most
• 24:21
  powerful, most most affluent country in the world, and we
• 24:26
  happen to be on the gold standard.
• 24:28
  Silver was in our money, right? Mike, our friend at Pembex,
• 24:31
  said. They can't hold on to that old
• 24:33
  90% constitutional silver. It worked pretty darn well, but
• 24:39
  you know, now it's it's all. It's monkey business Unicorn
• 24:43
  fart dust, but I haven't said. That in a while, but it's true.
• 24:46
  That's what the system has. Become at the end of the day, we
• 24:50
  are going to see real value be realized.
• 24:54
  Within the metals, no doubt. Absolutely.
• 24:56
  No doubt about it. Did we?
• 24:57
  Hey, could up. Here we go, Jay.
• 24:59
  Hey, Jake. Thank you Jake for the Super.
• 25:03
  Chat my friend Jake's custom parts.
• 25:05
  I got to ring the cowbell guys. We got 200 thumbs up by the way,
• 25:17
  before I forget, if you want to get.
• 25:18
  Yourself some silver, gold or platinum and you want the best
• 25:21
  price, Best service. And a company that I believe you
• 25:25
  can trust, go check out. Pin bex OK Pi MB EX Pin bex is
• 25:30
  best and. I think so, and I think you
• 25:33
  will. You know, do your own research.
• 25:36
  I did. And that's the conclusion that I
• 25:38
  came to and that's why I was happy that they wanted to
• 25:43
  sponsor the channel. I only will take sponsorships
• 25:46
  from companies and products that I believe in, period.
• 25:50
  OK. Annie Oakley, thank you for
• 25:51
  being here. Jake's custom parts coin shop.
• 25:53
  Chris Mary Radcliffe. And Neil, we got guys.
• 25:58
  I want you to do me a favor. Everybody on this live stream,
• 26:01
  please say. Thank you to the moderators.
• 26:03
  They do a lot of work behind the scenes to make this happen.
• 26:07
  They're all here this morning. Please say thank you.
• 26:11
  Please. OK.
• 26:15
  Oh. Do you?
• 26:16
  Do you know who Victor David Hansen is?
• 26:19
  I don't. But headline?
• 26:21
  He's a name I recognize. But let's read this headline.
• 26:25
  I got so much. No, I mean notes about what's
• 26:28
  going on, he says. The next 12.
• 26:30
  Months are going to be the most explosive in history and doesn't
• 26:36
  that make sense to us when we thank you Crafty Stacker for
• 26:39
  that super chatter. When we when we consider what
• 26:42
  Toby think about the. Setup we're in right now.
• 26:45
  Unbelievable debt, high interest rates, inflation, geopolitical
• 26:51
  situations. What else was there?
• 26:53
  Oh yeah. And the markets are in a bubble,
• 26:56
  the Nasdaq's in a bubble. I mean, this is ridiculous.
• 27:00
  The magnificent 7. The SP500 is basically.
• 27:04
  Dominated now by 7 companies. Microsoft, Amazon, Facebook,
• 27:09
  NVIDIA, whatever the heck. That smart AI, whatever stuff,
• 27:13
  right? It's crazy.
• 27:16
  Absolutely crazy. And.
• 27:17
  Everything else is down in value.
• 27:20
  I've got, I've got. Let me, I got a couple stories
• 27:24
  here. Couple stories.
• 27:26
  You and me are going to have a party.
• 27:28
  This is going to blow your mind. And this has everything.
• 27:32
  Excuse me to do with silver and gold.
• 27:34
  Let me get a sip of coffee, OK? Now stay with me on this.
• 27:43
  We're going to have a party. Okay, the big unveiling silver
• 27:47
  It's 85. Anyway, I give you $100 to go to
• 27:51
  the grocery. Store to buy some groceries for
• 27:53
  the party. You come home, right?
• 27:56
  Think about this compared to 15 years ago today.
• 28:01
  You might get 50% of the groceries.
• 28:06
  With that $100 bill that you would have?
• 28:08
  Gotten 15 years ago, I would say that's pretty safe.
• 28:11
  Like you can get half as much now with $100 at the grocery
• 28:16
  store. Compared to what you could get.
• 28:17
  15 years ago, everybody wants to tell you that the price of gold
• 28:22
  and silver are down because of the strong dollar.
• 28:26
  The Strong. Dollar Well, I.
• 28:29
  Dug in and found out something fascinating.
• 28:31
  Now remember, your $100 gets you half.
• 28:35
  Of what it got 15 years ago, 15 years ago, the dollar, right,
• 28:42
  The dollar was actually significantly.
• 28:45
  Weaker the way they measure it with the D.
• 28:48
  XY was around 8015 years ago today that when I checked
• 28:54
  earlier the D. XY index the dollar was at 107.
• 28:58
  So does this make any sense? Thank you, Don.
• 29:01
  Does this make any sense at all? This argument they make about a
• 29:06
  strong. Dollar being why gold and silver
• 29:09
  are down that today the dollar that only gets you 50%.
• 29:15
  Of what it got 15 years ago is, is, is 30% stronger.
• 29:21
  So we got a dollar to get you half.
• 29:23
  As much when it comes to gasoline or groceries or
• 29:26
  anything else but the D. XY index is like 30.
• 29:30
  Percent higher, it's gone from 80 to 107.
• 29:34
  That doesn't make any sense if the dollar so much stronger.
• 29:37
  Now compared to where it was 15 years ago.
• 29:42
  Was that 2008 then you we should be able to buy 30% more goods
• 29:47
  and services? But it doesn't.
• 29:49
  It buys only half as much. So when they throw out this
• 29:54
  story at you that, oh, the dollar strong, the dollar's
• 29:57
  good. I try to think of all.
• 29:59
  Kinds of analogies. To explain, it's all like we
• 30:02
  talked about earlier. Part of the smoke and mirrors
• 30:05
  part of the story. The Mirage that they're trying
• 30:09
  to sell everybody about the value.
• 30:12
  Okay, I'm telling you, I'm I'm proposing to you.
• 30:20
  That what went on with Costco and what I would call a media a
• 30:25
  miniature media explosion regarding Costco.
• 30:29
  Could that be? Costco selling gold.
• 30:31
  There were articles everywhere. Barons, Fortune, CNBC, Any
• 30:35
  Everywhere you look, Okay could that, could that be?
• 30:38
  I think that that was the catalyst.
• 30:43
  Catalyst. I think we're going to look back
• 30:45
  at that and say that was the moment, that was the catalyst
• 30:49
  where people started to wake up. And I'm going to tell you why I
• 30:53
  shared with you yesterday, my friend Mike are right, guys.
• 30:56
  Wealthy multimillionaire. First thing he asked me when he
• 31:00
  saw me on Sunday was about Costco selling gold.
• 31:05
  OK, we're not going to go into that.
• 31:07
  Last night. I'm at work.
• 31:08
  And now where I work, I'm exposed to.
• 31:11
  A lot of medical doctors, lawyers.
• 31:14
  People from Asia, people from India, very, you know, doctors,
• 31:20
  lawyers. What most people considered to
• 31:23
  be successful, smart, well educated people.
• 31:25
  Well, last night I had a guy, he's a, he's a PhD physicist
• 31:29
  from Washington University here in St.
• 31:31
  Louis. He he's retired from what used
• 31:36
  to be McDonnell Douglas. Now it's Boeing.
• 31:38
  Anyway, he's a smart guy and a super friend.
• 31:41
  I talk to him every week, OK? First thing he says.
• 31:45
  He comes in, he's got his son with him.
• 31:47
  Hey, Ron, how you? Doing, And he said, Are you the
• 31:49
  one who's buying all those gold bars from Costco?
• 31:52
  And I was like, what? I'm like, what, Pete, what are
• 31:56
  you talking about? I said.
• 31:57
  Did I tell you about that already?
• 31:58
  He said no, he said. But I've read that story.
• 32:01
  Like 4 times people are what? He's not a gold bug.
• 32:05
  He's not a silver bug. He's a very smart.
• 32:08
  Super nice guy too, by the way. And nice to have nice people in
• 32:12
  our lives, but people are waking up, I think possibly that.
• 32:17
  In in that and what I read yesterday.
• 32:21
  You know this article that said Florence the housewife, when
• 32:25
  she's buying toilet paper and cat food, is now picking up an
• 32:29
  ounce of gold from Costco? I really believe that that could
• 32:33
  be that we could look back at. That you mark my word, I could
• 32:36
  be wrong and say that was the catalyst that started the.
• 32:40
  Awakening in the United States. But think about this.
• 32:43
  Think about this. Because then I became very
• 32:45
  animated with them and I was like you.
• 32:47
  You got to realize, don't forget guys, we are still the richest
• 32:52
  country. On the face of the earth.
• 32:54
  But the bonus, The kicker, The kicker, the basement dweller
• 33:00
  kicker is. We know that while we're the
• 33:03
  richest. Country in the world.
• 33:04
  We're also the country that hates Precious.
• 33:07
  Metals more than any other country on the face of the
• 33:11
  earth. Now that might be bad.
• 33:13
  We don't like that, right? But it's actually good, because
• 33:17
  that gives us. Unbelievable amount of room for
• 33:22
  improvement. So when Florence the housewife
• 33:24
  and when my friend Mike and my friend Pete right, guys are are
• 33:29
  starting to like hear. About oh, gold and silver and
• 33:33
  oh, it's a way to preserve that. Everybody knows here's the deal.
• 33:38
  Everybody you know, everybody's asleep in this country except
• 33:42
  you and me. We're like, you know, well.
• 33:45
  To 1 degree or another, I don't wanna sound arrogant and we
• 33:47
  don't know everything we don't claim to, but we're not.
• 33:50
  We're willing to dig in. We're not necessarily.
• 33:54
  We don't have our heads down in the sand, but everybody.
• 33:58
  Would you agree with this everybody?
• 34:01
  Does know. And it's a big, it's something
• 34:04
  that's on everybody's mind. You know when something's on
• 34:07
  your mind, like it's been like it's a module that's been
• 34:10
  plugged in. Well, every American has had the
• 34:12
  module plugged in to their head. That inflation is a big, big,
• 34:19
  big, big. Problem, right?
• 34:21
  Even the people that watch. CNN and MSNBC and Fox News and,
• 34:27
  you know, mainstream media absorbers.
• 34:29
  They've all, they all know that module has been plugged in.
• 34:33
  They haven't yet made the connection that it's a big a
• 34:38
  problem. That's not going away.
• 34:40
  Number one and #2, they need to make that next leap to the idea
• 34:45
  that. Of the the time tested way to
• 34:48
  protect your wealth. When your currency is being
• 34:51
  devalued is to hold precious metals.
• 34:54
  That's why I say this Costco thing that everybody's starting
• 35:00
  to talk about like it's. Percolating, right?
• 35:02
  It's the catalyst. That's what a catalyst does, a
• 35:05
  catalyst. Kind of starts a major reaction
• 35:09
  when that catalyzes further. And we get more people.
• 35:14
  You know the story. You're one in 200 we we.
• 35:17
  Are basement dwellers. We are one in 200 people.
• 35:20
  That's an absolute fact. When that really begins to
• 35:23
  catalyze guys like I like, like. Like my my, my conversation with
• 35:29
  the leadership over at. Pin backs this morning it's
• 35:33
  going to be like. March and April and and if at
• 35:36
  the same time we got inflation and we have some other crisis,
• 35:41
  it could be, we could, we could be.
• 35:44
  In for very explosive growth. In the precious metals price,
• 35:50
  look, you know, I don't have a crystal ball, but I'm telling
• 35:53
  you that's what I see potentially coming together.
• 36:01
  Where else are we hearing it? Here we have a senator.
• 36:03
  What are they? Saying in our in our, in the
• 36:06
  halls of Congress. All right, what are?
• 36:08
  Our senators saying Cynthia Loomis put this on Twitter, she
• 36:13
  says quote. Our nation is quickly
• 36:17
  approaching a debt death spiral that will bury.
• 36:22
  Future generations, Excuse me, We need to end Washington's
• 36:28
  spending addiction. Are people waking up?
• 36:35
  We have senators what did what did that?
• 36:37
  Was the name Matt Gaetz say? Which was funny, sad and true at
• 36:43
  the same time. Senator, Gates said.
• 36:48
  Basically, it's a sad state of. Affairs in this country that if
• 36:51
  you want to bribe. A Democratic senator like
• 36:55
  Menendez, right? You know that whole deal?
• 36:57
  They caught him with four. 180 grand in cash and a bunch of
• 37:00
  gold bars that if you want to bribe a senator in this country.
• 37:04
  That you have to use gold. Bars because they know that the
• 37:08
  value of the. Dollar is going down the tube.
• 37:11
  I mean, is it wake up? Are we seeing a wake up right?
• 37:16
  Now in this country, and again, it's so critical for us to
• 37:21
  remember the fact, right the good news there is good news.
• 37:26
  Buried in all of this, sure, as Americans who, those of you
• 37:30
  joining me from America who stacks over and gold, We've been
• 37:34
  the black sheep. We've been the outcast, right?
• 37:37
  We're not the mainstream. Right now, other countries, you
• 37:41
  know. India, China, almost anywhere
• 37:43
  else in the world were mainstream.
• 37:45
  But here we're not mainstream. When that when those people join
• 37:49
  us, we have so much. Room for growth and improvement,
• 37:55
  it's going to be, it could result in what could be some
• 37:58
  very explosive moves. Let's talk about commercial real
• 38:03
  estate here with this. Is from Bloomberg, right?
• 38:05
  We know. There's a commercial real estate
• 38:08
  bomb. Heading for the banks?
• 38:11
  Let me just read this. Office prices in the United
• 38:14
  States are due for a. Crash and the commercial Real
• 38:17
  estate market. Faces at least another nine
• 38:20
  months of declines, according to Bloomberg's latest Markets Live
• 38:26
  Paul survey 2 thirds 2/3 of. The 919 respondents surveyed by
• 38:32
  Bloomberg believe that the US office market will.
• 38:36
  Only rebound after a severe collapse.
• 38:40
  Commercial real estate is a huge segment of all the banks balance
• 38:46
  sheets. Bonds are a huge segment of all
• 38:50
  the banks balance sheets. They both banks and bonds.
• 38:55
  I wish they could get. I bet the.
• 38:57
  I'm sorry, real estate, commercial real estate and bonds
• 39:00
  are in. 1 degree another severe correction or crash.
• 39:06
  Mode the banks would do anything to go back in time and if not
• 39:11
  put all that commercial real estate, those loans on their
• 39:14
  balance sheets to not have bought all those bonds that are
• 39:17
  now. Not as worth as much as they
• 39:21
  were when they bought them. The banks are in big trouble.
• 39:25
  Commercial real estate companies are in big trouble.
• 39:28
  It says. This is bad.
• 39:29
  News for the 1.5 trillion of commercial real estate debt
• 39:34
  that, according to Morgan Stanley, is due before the end
• 39:38
  of 2025. Refinancing it won't be easy,
• 39:43
  particularly the roughly 25% of commercial.
• 39:46
  Property, that is office buildings.
• 39:49
  A Green Street index of commercial property prices has
• 39:52
  fallen already 16% from its peak in 2022.
• 39:58
  What does that? Tell us what happened during the
• 40:01
  last banking crisis. You know, right.
• 40:04
  We've talked about that already. Even on this live stream you
• 40:07
  couldn't find. Gold you couldn't find silver.
• 40:11
  Everything's sitting on a hair trigger, right?
• 40:13
  Now, with the massive amount of debt, the massive inflation
• 40:18
  problem, everything is is delicate and fragile, right?
• 40:23
  But the economy's the economy's got to be doing great, right?
• 40:27
  What does this mean? What does this mean to you when
• 40:30
  you hear that cargo volumes at the port of new?
• 40:34
  York and New Jersey. Fell 21% year over year.
• 40:41
  OK. 21% cargo volume at the port of New York and the port of New
• 40:46
  Jersey. How?
• 40:48
  How can the government and the Treasury and the Fed sit around
• 40:53
  and say, but the economy is doing great, the economy is
• 40:56
  doing great. We know that.
• 40:57
  Rail volumes are down. We know that trucking volumes
• 41:01
  are down and now we're hearing guys.
• 41:05
  This is not a small decrease. Sit back.
• 41:07
  I want you to reconsider what I just said.
• 41:10
  Cargo volumes at the Port of New York and New Jersey fall 21%
• 41:16
  year over year This here's a quote.
• 41:19
  Quote Ahead of the preparation for the holiday season, US
• 41:23
  retailers continue to draw. From their overstock of
• 41:27
  inventory that was. Delivered during the second
• 41:30
  cargo surge over the past two years.
• 41:32
  That's what the port. Said in a press release. 20%
• 41:36
  Huh? That means for every a year ago,
• 41:40
  for every five cargo. Containers coming into New York
• 41:43
  into and in New Jersey for every 5.
• 41:45
  Now there's only four, that's like.
• 41:48
  Chopping off one of your fingers?
• 41:50
  OK, but Joe Biden's? Going to tell you that
• 41:54
  Bidenomics, it's working. Is it working?
• 42:01
  Is it working? Go to a restaurant.
• 42:03
  Susie and I and the girls. Went to Chimmy's, this Mexican
• 42:06
  restaurant on Saturday night. You know those overpriced, not
• 42:11
  fancy, but better than Taco Bell, rest Mexican restaurants
• 42:14
  that every city has, right? And it costs us like $60.00.
• 42:19
  $70.00 They have dinner for four all right.
• 42:22
  Would have done much better. Going to Sam's Club and buying
• 42:26
  us some nice steaks and maybe using some of these Weber
• 42:30
  seasonings right and and then had $30 leftover.
• 42:33
  To buy an ounce of silver, but. We went to the Mexican
• 42:36
  restaurant. Now you got to go out every once
• 42:38
  in a while. I'm more of a value conscious
• 42:40
  person. I'm more of the season it myself
• 42:43
  by the food myself. Anyway, this Mexican restaurant.
• 42:46
  I'm telling you, Pre. A pre.
• 42:50
  C19 during C19 we've it's been around the whole time.
• 42:54
  We go about once every maybe two months.
• 42:57
  Three months it there was nobody in there and they didn't have
• 43:00
  their air conditioner on on top of it And Susie and I are
• 43:03
  looking at each other and it's like sweating.
• 43:06
  It smells like a Mexican restaurant and honestly, I'm
• 43:09
  thinking, I don't know that I want ever want to come back.
• 43:11
  Here I don't want to pay the money.
• 43:13
  And it if they're not going to, if they don't have enough
• 43:16
  customers to turn their air conditioning on, I'm not going
• 43:18
  to deal with it. So are things slowing down?
• 43:21
  Are you seeing it? Are you know the line of
• 43:23
  business that you're in? Let me ask you guys right now in
• 43:27
  the, in the, in the chat, are you?
• 43:30
  Seeing things slow down if you are type the word slow SLOW.
• 43:36
  I'm just curious. Or is.
• 43:38
  Ron hallucinating. I mean, I'm not, we're not
• 43:41
  hallucinating when they tell us that that that that cargo volume
• 43:45
  at the port of New York is down by 20%.
• 43:48
  We got some slows. We got some slows.
• 43:50
  Ricky had Ricky's house like crap.
• 43:52
  Good to see you my friend. I talked about this at the.
• 43:55
  Beginning of the live stream, but I'm going to talk about it
• 43:58
  again right now. Sassy silver slow.
• 44:01
  Fred Flintstone. Hey, Fred Flintstone.
• 44:04
  He's been around. Think about Fred Flintstone.
• 44:06
  We got a. Guy in the chat named Fred
• 44:07
  Flintstone. We need to talk to him about the
• 44:10
  value of silver and gold over thousands of years.
• 44:13
  Fred Flintstone and Barney Rubble, right?
• 44:16
  How did they get paid at the quarry?
• 44:18
  You know how they got paid with silver and gold?
• 44:21
  And they passed it down for thousands of years and their
• 44:24
  kids? Great, great, great, great,
• 44:26
  great to the 90th degree. Kids still have the gold and
• 44:28
  silver. Now it's doing well.
• 44:30
  Jim McDaniel, Thank you my friend.
• 44:32
  Slow, crafty, Stacker. Slow.
• 44:36
  Wow. The economy is slow.
• 44:38
  Yeah. Slow and old.
• 44:40
  Yeah. Dean, I get it.
• 44:42
  I'm, you know, hey, we're young at heart, no doubt.
• 44:45
  Absolutely. No doubt about it.
• 44:48
  And and then Neil was sure they paid in rocks, Yeah.
• 44:51
  So we know things are getting dicey out there.
• 44:59
  We know that the silver. Price and gold price got taken
• 45:03
  to the cleaners over the last what week, right?
• 45:07
  But we know the longterm prospect.
• 45:09
  I want to talk to you about something that we're real
• 45:12
  excited about. And that is the Black Friday
• 45:16
  giveaway here in Ron's basement. We're going to have some silver
• 45:20
  from our friend Jim, who's here in the chat.
• 45:22
  He donated for a giveaway and that was the catalyst that
• 45:25
  started this whole giveaway coin shop.
• 45:27
  Chris has some silver he sent me.
• 45:29
  To give away when I hit 20,000 subscribers.
• 45:32
  So I'm late on that. We're going to have one massive
• 45:34
  giveaway. There's going to be a video that
• 45:37
  comes out on October 22nd where I where I show.
• 45:40
  Everything that's included, you'll leave a comment in the
• 45:44
  comment section of that video like last time and be
• 45:46
  automatically entered. But we're going to have a lot
• 45:49
  pin Becks is going to give us something.
• 45:51
  They let me know this morning. I'm sure Weber will give us
• 45:54
  something. We're going to have some and and
• 45:57
  I even called the Hostess company.
• 45:59
  And said, could you donate some coupons for some free Ding dongs
• 46:02
  for our big giveaway? But we'll give some of those
• 46:05
  coupons to our friend coin shop Chris.
• 46:08
  Hey guys, thank you for being here.
• 46:11
  Okay, I'll be back tomorrow. You are the best.
• 46:14
  I. Appreciate each and every one of
• 46:16
  you and I'll see you soon. Thank you.