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🔥 SILVER Price 🔥 THIS Is SCARY... BUT You know It! (Precious Metals News Price Update) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:00
Don't worry, silver will go to the moon.
0:03
The silver price will go up massively from where we are
0:07
right now. We will hit bumps in the road.
0:10
What about 25% down? If we take the recent silver
0:15
price of $35 per oz and calculate what a 25% drawdown in
0:21
price would be, we'd be at like $26.50, somewhere in that range.
0:27
Could we survive? Would it be the end of the
0:29
world? I have some data I'm going to
0:31
share with you right now to prove to you that we will be OK.
0:36
We will get higher silver prices and what we're going through
0:40
together as friends part of the same.
0:43
However you want to think about it, my friends, basement
0:46
dwellers, what we're going through right now is absolutely
0:50
normal. Let's get right to it.
0:52
Cut to the chase. I want to deliver some good news
0:55
because you want to, you want to know that you're going to be OK.
0:58
I want to know that we're going to be OK.
0:59
We want to look at this not from a day-to-day emotional
1:03
perspective because the last week or so has been downright
1:07
brutal for any precious metals investor.
1:11
But when we look at it from a little further back with a
1:13
different lens, let's put on our let's put on our basement
1:17
dweller smart silver investor lens and see what we find out.
1:23
Let's go check this out because I found this to be absolutely
1:27
fascinating. This is a chart from Gold Silver
1:31
that shows silver corrections from 2009 to 2011.
1:37
Now, the first thing that we need to realize as we look at
1:41
this, and I want to make sure there we are, you're on the
1:44
right screen. The first thing we need to
1:45
realize when we look at this is that during the period from 2009
1:50
through 2011, the silver price went from hold on, I'm going to
1:54
use the crayons here. This is going to get you feeling
1:58
good and you deserve it, right? Look, the silver price went from
2:01
about $10 in January of 2000, 1009 all the way to $50.00 and
2:08
what April of 2011. So it wasn't that long of a
2:12
period of time, the silver price went up 5X.
2:15
But look what happened guys during that period.
2:19
Look at all these corrections that occurred during that just
2:22
two year period, down 12%, down 13%, down 12%, right.
2:28
But the silver price continued its steady March higher.
2:31
So what we're going through right now with silver and gold,
2:36
tomorrow I'm going to share the gold data with you.
2:38
Don't you worry, my basement dweller friends, is absolutely
2:41
normal. And what I found very, very
2:44
fascinating on this chart was this period right here where,
2:51
hold on, we're doing green today, OK, where if we go over
2:56
here and we circle these two numbers together, we had a 3rd
3:00
14% and a 12%, more than 25% combined.
3:05
But if you look on this chart during that period of what
3:08
probably about two months, you can see the silver price, right,
3:12
right where my cross is went from about $16.00, probably down
3:17
to $12.00, right? And you think, well, that's only
3:20
four dollars. Yeah.
3:22
But combined, guys, that decrease is like 25% and we
3:26
haven't even hit that yet. I mean, here, let's do the math
3:29
real quick, quickly behind the scenes, I'm going to take, well,
3:33
let's go take a look at the silver price and do an update.
3:38
Come on, silver be green. We need to OK, up four cents,
3:41
Hey, better than what we've had recently, $30.73.
3:46
So we're going to take a $35 recent silver price and subtract
3:51
that was the recent high, $30.75.
3:55
We're going to get $4.25 / 35. That's about 12%.
4:02
OK, look, look, I can prove it to you.
4:05
We've had about a 12% decrease in the silver price over what,
4:11
the last two weeks. And I know, right?
4:14
It feels horrible. But guys, right, this, this
4:18
chart shows us in no uncertain terms that this is normal.
4:22
And guess what? I got news for you, Buttercup.
4:26
We're happy today. We're happy, optimistic.
4:30
I got news for you, Buttercup. And silver goes from $30 where
4:34
it is right now and maybe it goes to 26.
4:37
Doesn't matter is it goes from where we are now all the way up
4:41
to numbers like $70.00 per oz, $80.00 per oz, $150.00 per oz.
4:46
There are going to be massive, massive pull backs that happened
4:50
during that process. The other critical thing for you
4:53
to remember as we look at this chart, OK, is, yeah, this was a
4:59
25% decrease, but it only went from 16 down to maybe 12, OK.
5:05
So you think, oh, it only went down $4?
5:08
Well, the higher the price gets, you know, if we get up to $100
5:13
silver and we have a 15% correction, that would be a $15,
5:18
it's going to seem like a much bigger number.
5:21
But on a percentage basis, it really, really isn't.
5:24
And just look at these other numbers.
5:26
I mean, look, 14%, I mean, how do you think people that
5:30
invested in silver were feeling here around March of 2010?
5:35
I mean, I remember those periods.
5:37
Oh, it's over, right? Silver had gone from 18.
5:39
So guys, the outlook for silver remains very, very optimistic.
5:44
These pull backs are normal. These pull backs stink that we
5:49
don't use curse words here in the basement, do we?
5:51
Basement dwellers, we only use curse words when we're not
5:54
talking to each other. Nonetheless, they stink, no
5:57
doubt about it, but they're part of the process, OK?
6:02
They're part of the process. And the market is digesting so
6:06
much right now. I'm going to repeat this again
6:08
later. The market is number one.
6:10
Think about this. We've had a massive upswing in
6:15
the price of gold and silver over the last year.
6:20
Look, I can show you, OK, look at this.
6:24
Let's go to here. It is silver and let's look at
6:30
one year very quickly, but the market is digesting all of of
6:35
this massive, massive bull run. Wow, look at that.
6:39
We like that green chart of $0.15.
6:44
I like it. Don't you like it when it's
6:46
green? I like it.
6:47
I know I'm kind of a game. I'll tell you my gambling story
6:50
at some point. I have a crazy gambling story
6:53
from 30 or 4030, gosh, 25 years ago, whatever.
6:56
But look at this, really just since March of this year, we had
7:00
$22.00 silver. We're at $30 silver right now.
7:04
So there's two key things to remember here.
7:06
The market is digesting for both gold and silver, a massive an
7:13
epic bull run over the last six months, 12 months, however you
7:17
want to measure it. It's normal to have
7:19
consolidations and it's also digesting this massive Black
7:24
Swan. Shocking and not a political
7:27
statement at all. I'm just, I get paid.
7:30
We get paid to look at the gold and silver market.
7:33
Not a political show. But so as we look at this, like
7:36
almost I, I call it a Black Swan.
7:38
It's election that went on. Everything's being digested.
7:41
As our friend Jake from Jake Custom Parts said in the
7:44
comments a few weeks ago, we got to let the dust settle.
7:47
I feel like maybe we're moving into the dust settling zone
7:52
right now. Everything remains very, very
7:55
optimistic for the silver price and gold price.
7:57
What's Jesse Colombo have to say?
7:59
Right, Like the hottest new analyst in the silver and gold
8:02
sector, Jesse Colombo says. Here's my thoughts on silver.
8:07
The banking cartel absolutely slammed silver back below that
8:12
key 32 to $33 zone. I saw them do it in real time
8:18
and I documented it every step of the way, which he did here.
8:21
We'll just click on this real quickly.
8:24
Remember this is the chart that Jesse put together and I don't
8:27
even know it's not been updated as it, but these red circles are
8:30
when the comex opened like what 10 out of the lat 12345678910
8:38
and it hasn't even been updated for the last few days.
8:41
This is when the right when the comex opened and we had massive,
8:45
massive manipulation on the silver price as it went down.
8:50
Now hopefully I didn't lose it. Nope, I did not.
8:53
So he saw him do it in real time.
8:54
Despite that, Jesse says Silver is still in a confirmed uptrend
9:00
and up nearly 40% this year. I'm waiting for another breakout
9:05
attempt. For now, we just have to wait.
9:07
OK, and here we go. Here's the bad news, right?
9:10
There's that 32 to $33 zone. We did break out of it, right?
9:15
That was right there 1234 almost 5 attempts, at least three to
9:21
break out. Guys, next time it goes Katie
9:26
bar the door. Is that a is that a common
9:29
statement or just something? My dad always says Katie bar the
9:32
door. I'm sure there's some background
9:34
on that one. Somebody can send me an e-mail
9:36
and let me know. So boohoo, boohoo.
9:39
Silver broke through the downside on that.
9:42
It's OK, everything's going to be OK.
9:44
What about gold? Let's take a quick look at gold
9:46
because that's just as fascinating.
9:49
And and when we look at this from bar chart, gold, Oh my
9:54
gosh, it's the end of the world. No, no, no, I'm going to tell
9:57
you the reason why for gold also, it's not the end of the
10:01
world. And gold is the godfather of the
10:04
precious metals. You know that you know that gold
10:08
is closed below it's 50 day moving average.
10:12
But each time this has happened over the last year, it
10:16
represented a great buying opportunity.
10:19
So all this technical stuff is great, right?
10:22
No doubt about it. I love to look at it.
10:24
I'm not considering myself a technical analyst, but it's not
10:27
written in stone because as we look here, that red line, hold
10:31
on that red line or whatever that is purplish colored line,
10:38
whatever color you're seeing, the WAVY line is the 50 day
10:43
moving average that that measures the last 50 day average
10:47
price of gold each day. And as you can see, it was going
10:51
up and up and up and up because it moves.
10:53
It's a moving moving average. Everyday it recalculates the
10:56
last 50 days. But guys, we broke below it back
11:00
in February several times, right?
11:03
We broke below it definitely, definitely just during the
11:06
summer in June. We broke below it here in
11:09
August, and now we broke below it again.
11:11
It's not the end of the world. The critical thing to look at on
11:15
this gold chart is just this. Let me get this out.
11:18
We'll do red. We'll be quick.
11:20
Is this right? Anyone who looks at this, I
11:24
mean, even my my 7th grade twin daughters, if I said, do you
11:28
think that price is going up strong or down strong?
11:31
It's going up strong, it's going up strong and it will absolutely
11:36
continue. Let's go take a look at what's
11:40
going on. Shanghai Ghost gave us some
11:41
interesting news out of China regarding the gold and silver
11:46
market. But particular silver says the
11:49
Shanghai, and I only pronounce it that way because the price
11:53
for silver on the Shanghai Gold Exchange is always much higher
11:58
than what it is on the COMEX. I wonder why?
12:01
Maybe, just maybe, Columbo, right, Investigator Columbo is
12:05
on to something. Just maybe, maybe the COMEX and
12:10
the LBMA, the London Million Market Association, those fine
12:13
chaps, they've been manipulating the price of precious metals for
12:17
even longer than you and I have been alive, right?
12:23
Oriental Ghost. Shanghai Gold Exchange actively
12:27
purchases physical gold and silver, the Shanghai Gold
12:31
Exchange from local gold and silver sheet suppliers.
12:36
Suppliers are selling their inventory for cash to avoid the
12:40
risk of price drops. The centralization process of
12:44
gold and silver is accelerating. This is coming from the streets
12:49
of China. OK, here's the November 12th
12:54
that was last night, market data for the Shanghai.
12:56
I won't do that again. Gold exchange in the Shanghai
13:00
Futures Exchange. Here we go.
13:02
Let's look at AG. That is silver on the Shanghai
13:06
Gold Exchange closed at 3250. Oh, interesting, very
13:11
interesting. And what he's telling us is,
13:13
yeah, some people are selling what's so critical.
13:16
And this makes sense with what he's saying is, is that they're
13:20
selling their physical back to the Shanghai Gold Exchange.
13:23
The Shanghai Gold Exchange, Guys, here's a little secret for
13:26
those of you who are new, is a physical market.
13:29
It's an exchange like the COMEX here in the United States of
13:33
America, right in the LBMA, the London Billion Market
13:37
Association in London, England. It's an exchange just like that.
13:41
However, hold on here, somebody's texting me.
13:44
Oh, OK, Thank you, Dan. Thank you for the Super chat.
13:46
I'll recognize that in one second.
13:49
The big difference, remember that.
13:54
I don't know, maybe I shouldn't sing.
13:56
I'm going to lose subscribers, but remember that.
13:58
I think it was Sesame Street. There was always that segment
14:01
where there were like 4 things and it said there was a song
14:04
where they said one of these kids is doing his own thing.
14:07
One of these kids is being himself.
14:10
That's the Shanghai Gold Exchange, right?
14:13
They're doing it a little different.
14:14
They're a physical market. You cannot trade silver or gold
14:19
on the Shanghai Gold Exchange without owning the physical
14:24
metal. So.
14:25
So when we look at this price on the Shanghai Gold Exchange, why
14:30
is that price $32.50 U.S. dollars?
14:34
You know what? I haven't done this for a while.
14:38
U.S. dollars OK, $32.50 to buy physical silver on the Shanghai
14:47
Gold Exchange. Then why?
14:49
Let's go out here. Let's go out here to our friends
14:54
at Pinbeck's channel sponsor and press the Pinbeck's magic button
14:57
and silver's down to cents. That's OK.
14:59
It's going to be green by the end of this live stream.
15:01
You watch guys buy silver, please look $30.68.
15:06
Why is it so much lower here? And that works to your benefit.
15:10
If you're in the United States, you are spoiled.
15:15
You are spoiled. Didn't your mommy ever tell you
15:17
that we are spoiled guys? Because look, that's an
15:22
artificially low price on silver, OK?
15:26
If you want to buy silver, gold, platinum, group metals, you're
15:28
in the United States. You got it good, right?
15:31
I would recommend you check out this this website we're on right
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now and channel sponsor Pinbecks.
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What they give you are ultra competitive prices.
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What they give you is a great selection.
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Last week checked I was talking to coin shop Chris last night.
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He's like, there's a lot of places that don't have
15:48
constitutional silver right now, but pin backs has a lot.
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We were looking at prices. They're they're ultra
15:53
competitive, right? They have great selection, great
15:56
prices, great selection. And the number one most
15:58
important thing, right, Not that you're helping support them or
16:02
Ron's basement. No, no, that it's a company that
16:05
you can develop a relationship with.
16:08
Call there during the week. Talk to the brothers brought
16:11
Mike or Brian, the owners, their CPA.
16:14
They're wonderful, good, trustworthy people.
16:16
In my opinion. You need to find that out for
16:18
yourself. But it is paramount that
16:21
whoever, wherever you buy your metal from, it's from a company
16:24
you can trust. And I know I feel 100% confident
16:27
because you have given me unbelievable positive feedback
16:31
that Pembacs is oh, oh, oh, no, there we go.
16:36
Is a company that we can trust. OK, Are we here?
16:39
Here we are. Can you guys see me?
16:41
Hey, I can see you. Thank you for being here.
16:44
You are the most important part. Yes, you, you YouTube.
16:49
They didn't call it Ron Tube for a reason.
16:51
They called it YouTube, right. You're a basement dweller.
16:54
You're part of the tribe, part of the clan, part of the group.
16:57
You belong here. You're always welcome here.
16:59
We love to talk about silver and gold.
17:02
Look, if you want to get content like almost every day, I just
17:06
can't seem to stop connecting with you guys cuz it's so much
17:09
fun that you can subscribe to the channel come a part of our
17:13
group, leave comments in the comments section.
17:15
Super chat, super thanks. I super appreciate it.
17:17
Don't forget to give this a thumbs up and I almost forgot
17:20
Dan the man Dan W for moral emotional support for Ron and
17:26
Susie. Oh, thank you and yes, thank you
17:28
to the moderators. I appreciate you Dan giving us
17:30
that super chat. I also appreciate you bringing
17:33
up the moderators, Jake, from Jake's Custom Parts, the one and
17:36
only Annie Oakley and Big 10, the Silver Shire and of course,
17:40
Silver Susie. We all love her.
17:42
We got a lot more to talk about. Guys.
17:44
We're only like 10% through this page, right?
17:49
I do put work into putting this together.
17:51
There's a scientific approach to what we're talking about and it
17:54
has to do with the silver price getting to $80.00 per oz and the
17:58
gold price 3200. OK, the Shanghai ghost, we did
18:04
that. Oh my gosh, this is getting
18:06
sickening. If you're a silver and gold
18:08
investor, the amount of paper, Unicorn, fart, dust, make
18:12
believe, whatever you want to call it, silver.
18:15
I really appreciate this guy, the dude who's putting this out
18:18
every day. This was yesterday's data.
18:21
The silver market traded 489,000,000 paper, paper, a
18:27
papel. I think that's how you say it in
18:28
Spanish. Oz is yesterday.
18:31
What does that make you feel? OK, why is this a big deal?
18:34
I'm going to tell you why the comex blah, blah, blah.
18:37
OK, the the key put meat that we want to look at.
18:40
Almost 500 million ounces of paper silver traded yesterday.
18:43
And then there's all the data he goes through.
18:46
Honestly, I don't know how to read most of that.
18:48
One of these days I will. Maybe Chris Marcus from Arcadia
18:51
Economics will teach me, but none the less, 500 million oz.
18:55
So I'm going to highlight that paper oz yesterday.
18:59
OK, market answers. Anyway, you get the point. 500
19:04
million paper oz and this was posted today.
19:09
So this was yesterday. Now, guys, this is crazy to even
19:14
fathom as a silver investor, OK? And it's weird stuff like this
19:19
is going on in the gold market as well.
19:21
But if you just think about what's going on the last four
19:24
days in the silver market, OK, yesterday was Monday, 500
19:29
million oz traded. Friday of last week, 500 million
19:33
oz traded Thursday of last week, 500 million, not oz.
19:37
We're not talking about the Shanghai, Shanghai Gold
19:41
Exchange. No, we're talking about the
19:42
COMEX. OK, three days, the last three
19:46
days, 500 million oz. But wait, there's more, because
19:50
on Wednesday of last week there were almost 700 million ounces
19:54
of silver. Now, if my math is correct,
19:56
doing that in my head, that's 2.2 billion ounces of silver.
20:01
Paper, paper make believe like not this not not that see that
20:08
not that not real silver no. No, no paper silver here.
20:14
Let me show you what paper silver.
20:15
I'm going to I'm going to this is breaking news.
20:18
I'm going to show you what the silver looks like that they're
20:21
trading this, this there it is 2.2 million ounces of really
20:30
literally this traded on the COMEX over the last four days.
20:37
This, not this. There's a difference.
20:39
This. See if I can get it to shine for
20:43
you. Come on, shine, baby.
20:44
Well, anyway, you get the point, right?
20:46
This first, this 2.2 million oz. This is the Shanghai Gold
20:51
Exchange. This is the comex.
20:54
Well, there's 400 of these, and I'm not going to write that out
20:56
400 times. You can visualize here.
20:58
Hold on 400 X right? This is the comex right?
21:06
Leverage on before 102 hundred 100.
21:08
You get the point. OK, This is the Shanghai Gold
21:11
Exchange. This is the comex.
21:13
All right, And in the last four days, I'm shaking, I'm shaking
21:19
this. I'm getting so upset.
21:20
They traded 2.2 million ounces of this Unico.
21:24
Oh, look at oh, there it is. It's looking for its friend
21:27
Bitcoin. Sorry, I couldn't.
21:30
I couldn't resist or doji coin. We're going to talk about that
21:34
later. I'm not anti crypto crypto Bros
21:36
and sisters. OK, we're we're all on the same
21:39
team, but I couldn't resist 2.2 That's almost three times the
21:45
entire world's mining output three times in four days.
21:51
Does that make sense? Does that maybe that alone, that
21:55
that alone is definitive proof that the silver price is
22:00
manipulated. And as we know from prior court
22:03
prosecutions and jail terms being handed out to former JP
22:06
Morgan traders that that does indeed happen.
22:10
All right. Thank you.
22:11
Thank you, guys. Thank you.
22:12
OK, Now, like a sailboat, this is what I wrote.
22:18
I'm going to read this to you, so hold on here.
22:23
Like a sailboat whose tailwind has temporarily died down, OK?
22:27
That's what we're going through right now in the precious metals
22:30
markets. Remember what we looked at
22:31
earlier, that chart of silver 1214 when silver ran to 50
22:36
bucks? There were like 25 times when
22:39
the gosh darn silver price corrected one time in like a
22:43
matter of a month, it went down 25%.
22:46
So right now we're, we're on the silver and gold lifeboat
22:49
together. It's a sailboat, right?
22:51
We've had a great tailwind for the last six months.
22:54
The tailwind has died down. Maybe it went from 1520 mph down
22:59
to 5, three, whatever the case may be, but it didn't reverse.
23:03
That's the key thing for us to remember.
23:05
And right now guys, the silver and gold market are digesting
23:09
two big key things, right? This massive run up that we've
23:14
had and the situation that's gone on with President Trump
23:18
being re elected as our next president.
23:21
Right now, let's talk about Trump because the dust is
23:25
starting to settle. But OK, the heat and he very
23:29
well may, may, may spur some big gains in our economy, but it's
23:33
going to be done with stimulus, OK?
23:36
But the fact is this, and I'm not, you probably can tell how I
23:40
lean politically and we probably agree, OK, I'll say that.
23:44
But we got to be objective when we look at Trump and he is a
23:48
spender, OK? He added significantly to the
23:53
deficit the last time that he was president, OK, and we
23:57
weren't even any in anywhere near as close of a precarious
24:01
situation as we are now. Let's run out and do our daily
24:04
field trip to the US debt clock because we are approaching we
24:09
are approaching the panic zone. We are almost to $36 trillion in
24:13
national debt. President Trump added
24:16
significantly to this. I've heard people say that pre
24:20
COVID, pre C 19, he'd already added like a trillion or $2
24:25
trillion to it. That was last time and we were
24:28
in much better financial shape at that point.
24:30
So to think that he's suddenly going to see the light and, and
24:34
you know, and fix that, it's not going anywhere.
24:37
But I know this is the moment you've all been waiting for.
24:40
Let's go over here to the dollar to silver ratio, which never
24:44
seems to disappoint. They're going to have to
24:49
somebody called the people of the US debt clock and say
24:51
they're going to have to make a bigger box real soon for this
24:54
number because the dollar to silver ratio is now topping out
24:59
at 986. Yes, that means for each of
25:02
those, for each of these, hold on, 986.
25:06
OK, where is it? Right, Hold on.
25:10
You got to see this to believe it.
25:12
You got to see this for each of these, right?
25:15
That is being produced right now this year.
25:19
For each one of those, 986 of these are being printed right
25:26
before our very eyes, OK? Right before our very eyes,
25:30
right? Not this.
25:31
Not this, yeah, now that's comex silver, know this 986.
25:36
So let's go out and quickly. And again, President Trump is
25:39
not going to be able to fix that.
25:41
President Trump. Wait, I want to I want to, I
25:44
want to coin out some critical things for us to remember about
25:48
how Trump will impact the price of silver and gold as we head
25:53
into the next now four years, OK?
25:55
Because I think it's going to be an absolute beautiful time
25:59
period to be an investor in silver, gold and precious metal
26:03
mining stocks. But before we do that, let's
26:05
head out here to the spreadsheet 986.
26:12
It just continues to go up, right?
26:13
Remember, guys, we started this on the 21st.
26:16
It's not even been a month and we've gone from 730 paper
26:20
dollars being printed now almost approaching 1000.
26:24
I'm not saying that the price of silver should be $1000 per oz.
26:28
I'm saying it should be 3000. No, but that's a that that is a
26:32
very interesting ratio comparison to look at that just
26:37
demonstrates does how money is still being printed.
26:39
Now warning, I got to warn you about something that dollar to
26:43
silver ratio may start to draw down a little bit, OK, because
26:50
because those tricky those tricky guys in Washington, they
26:53
were printing a lot of money leading up to the election to
26:56
try to juice the economy. I've got that on good words, a
27:00
good word from one of my best advisor.
27:02
So be prepared that we might see a bit of a drawdown in that.
27:05
But I don't really think so. I think once Trump hits the
27:09
ground, it's going to be it's going to be we are off to the
27:12
races, OK? The only tool, and This is why
27:15
it's so critical to realize you want to know how gold and silver
27:18
are going to do during the UP administration.
27:21
Really the only tool he's got. Even if Elon Musk eliminates a
27:25
trillion dollars like he's saying and government waste, we
27:28
still got a major deficit and the only tool because because
27:33
the horse is out of the barn at this point the Trump has to do
27:38
anything is a printing press and he'll use it right.
27:41
He will rack up that. And I'm going to prove to you
27:45
why that's the case. Again, not a political
27:47
statement. Just we want to be we get I get
27:50
paid to talk about silver and gold and it and how big changes
27:55
in the world will affect it. And I'm going to tell you why is
27:58
a silver and gold investor. You can be very optimistic.
28:02
OK. And the other thing, think about
28:04
this, if you heard any material, any real discussion, excuse me,
28:14
from Trump or anybody right about the national debt, in
28:18
dealing with the debt, in eliminating the debt,
28:20
eliminating the deficit. Have you have you heard
28:23
anything? Let's have a drink of coffee.
28:31
No, we have not. And if we look at Trump's
28:35
background as a president and a businessman, we don't see
28:40
anything that ever appears even remotely to look like austerity
28:46
tightening tight budgeting. Austerity is a fancy way to say
28:50
like cutting expenses or trimming the fat or anything
28:55
like that. We've never, ever seen that in
28:58
his past. As a matter of fact, I think
29:00
it's interesting to look back at what happened with his casinos
29:04
in Atlantic City. And it's very similar to what
29:07
the country's facing right now. But our current situation is in
29:10
the country. We're just going to briefly look
29:12
at this article from Yahoo Finance.
29:15
Donald Trump owned several Atlantic City casinos that went
29:20
bankrupt, right? And there's that story about his
29:22
daddy showing up and, I don't know, putting buying millions of
29:25
dollars worth of casino chips to inject money into the casinos.
29:30
That's not the point of this. But he had major financial
29:33
troubles with Atlantic City casinos.
29:35
And this, this sums it up here, guys, OK, Trump's channel and
29:40
think about this with through the lens of what's happening in
29:43
our country right now in silver and gold, cuz it totally relates
29:47
Trump's challenges in the casino industry.
29:50
We're not just external, the internal financial structure of
29:54
his ventures. Think about the US debt clock.
29:57
The internal financial structure of the United States right now,
30:01
particularly the Taj Mahal was fraught with risk.
30:05
Now I highlighted this in red and even and even I've expanded
30:10
the text for you. I go to no ends heavily, heavily
30:15
reliant on debt. Think about the US debt clock
30:18
here. You just don't have to think
30:19
about it becoink, becoink this is this is not the Taj Mahal.
30:26
That's the US national debt clock.
30:30
Heavily reliant on debt, these establishments faced immense
30:34
pressure to generate substantial revenue.
30:37
Financial analyst like Mark Hoffberg of the Wall Street
30:41
Journal predicted early on that the seasonal fluctuations in
30:45
tourism would severely impact these casinos ability to cover
30:48
their operation cost and debt payments.
30:50
And they went bankrupt. OK, again, I'll say it three
30:56
times during every live stream. I'm not making a political
30:58
statement about Donald Trump. I'm stating a fact.
31:01
He has a history of being a big spender, racking up debt and
31:06
bankruptcy. And when you look at what's
31:08
going on and apply what happened with those casinos to what's
31:12
going on now with our entire country, there's no reason as a
31:15
silver and gold investor for you to think that he wants a weak
31:19
dollar, OK? He wants a weak dollar.
31:23
He said that in the past, right? And it's the dollar adjust as
31:27
the dust settles, OK? It is going to be a very good
31:30
situation for silver and gold. And what is Peter Schiff has to
31:35
say, has to say about this, All right?
31:37
He says during the 1st 333 years of Trump's presidency before
31:42
C19, with Republicans controlling both houses of
31:45
Congress during the first 2, government spending rose by
31:50
almost 13%, while the budget deficits rose by 50%.
31:56
Given how much higher interest rates are now and how much
32:00
greater the proposed tax cuts are, think about that guys.
32:03
Interest rates are higher, the national debt is higher, and the
32:07
proposed tax cuts, they. I mean, talking about getting
32:09
rid of taxes on everything, veterans, the Social Security
32:13
tips, all these grandiose promises.
32:16
The growth rate in both spending and deficit deficits is likely
32:22
to be much greater during his second term.
32:25
However, the icing on top, unlike during his first term, a
32:29
sovereign debt and dollar crisis may define his second term.
32:33
So, you know, look, I'll give anybody a chance.
32:36
We'll give him a chance. But we got to look at the
32:38
reality of what's going on. And we're looking at it through
32:41
people who want to protect. In fact, you want to protect
32:43
your your assets. That's why you bought silver.
32:46
That's why you bought gold. And I think when we look at this
32:50
from a big picture perspective, there's nothing more to thank
32:54
than the fact that the dollar will go down in value and the
32:57
value of your silver and gold will go uppity, uppity, uppity.
33:01
Now let's go out and do a quick check on the silver and gold
33:05
price. I promised you that we'd get a
33:08
green and we're not green yet, but silver's at 00.
33:11
Hey, I also want to say, OK, thank you not just to you for
33:15
being here today. That's number one most
33:18
important, but these live streams are also made possible
33:21
from our other sponsors, Fortuna Mining.
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They're an operating mining company.
33:25
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They just put out great third quarter earnings.
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You can learn all about them here on their website and first
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Mining Gold right then. These are all stocks that I own
33:40
personally. I'm not getting financial
33:42
advice. Do your own due diligence.
33:44
Stocks are risky. Everything in life is risky.
33:48
Mining stocks are are probably a little riskier than average, but
33:52
they also do offer the opportunity for great capital
33:55
appreciation. First Mining Gold has 2 multi
33:57
million ounce development stage gold projects in Canada.
34:02
OK, you can learn more about them at firstmininggold.com.
34:05
They got a lot of gold in the ground in Canada.
34:08
And hey, while we're here, you know what I got to remind you
34:12
guys? Do you want to win something,
34:13
huh? On December 30th, we're doing a
34:16
giveaway of one of these, The Dirty Man safe.
34:21
That's The Dirty girl, which I think they're sold out of right
34:24
now. And remember, this is a safe
34:26
that you bury in your yard. You get to have buried treasure
34:30
in your yard. Let me show you quickly how this
34:32
works. It comes with this, a big tube.
34:36
See if you can see that. You dig a hole.
34:39
You put this tube in the hole, you then fill your dirty man
34:44
safe with whatever you want to put in it.
34:48
I'm not going to ask you any personal questions.
34:51
This one just for fun, I put a a Unicorn in there.
34:55
OK, this thing is awesome. You know, it's like guaranteed
34:59
for 50 years. I was so impressed when I got
35:02
it. But you dig the hole, put this
35:04
in there, drop this down into the hole, OK, And then there's
35:08
this cool handle. I mean, it's very high quality.
35:12
And then when it's in the hole, you put this slide that wire up
35:16
through there, it's down in there.
35:18
All right, put this on top and then cover it with dirt.
35:21
And then you all right, just like the pirates of old get to
35:27
have your very own buried treasure in your backyard with
35:31
The Dirty man safe. The other thing I want to say
35:34
there it is, and there's a 10% off code with Ron 10 is I didn't
35:38
think about this like a safe in your house.
35:41
I don't keep any material amount of silver at the house or
35:44
anything like that. But if you have like a safe,
35:47
that's kind of like a target for thieves, right?
35:50
And if it's buried in the ground in your yard and only you know
35:53
where it is, well, the other benefit is it's protected from
35:56
flood, fire, all that good stuff as well.
35:59
So anyway, thank you to all our sponsors.
36:01
Now let's talk about our friend Silver and why I'm telling you
36:09
silver and gold are in good shape.
36:11
But our good friend from Ireland, Pierce, sent me a piece
36:15
last night that I can't help but share with you guys.
36:18
Pierce is a very intelligent guy.
36:21
He sends some great, great information our way.
36:25
I said, hey Ron, my late father Richard taught me an old Latin
36:29
maxim, OK, at a very young age in relation to business
36:33
principles and money. And this applies to to the
36:37
silver market. The the they were going to learn
36:39
some Latin, but this has everything to do with
36:41
skyrocketing silver prices. Trust me on this one.
36:44
OK, Trust me and make sure we got you.
36:47
We do Nemo dot quad non habit. That's harder to say than the
36:53
Shanghai Gold Exchange. OK, as it will apply to the
36:57
future value of silver given current fundamentals.
37:01
OK, now what does that mean? This is the part in red that
37:03
Latin phrase Nemo dot quad Don habet translates to No one can
37:09
give what they do not have, OK. No one can give what they do not
37:14
have. It's a legal principle that
37:15
states that a person cannot transfer ownership of goods or
37:19
property to someone else if they don't have adequate ownership of
37:23
those goods or property. It's a fundamental principle
37:26
that protects a true owner of an asset and prevents the
37:29
trafficking of stolen or illegally obtained goods.
37:32
For example, OK, somebody steals a car and sells it to another
37:35
person. The buyer does not, excuse me,
37:39
legally own the car, even if they were unaware that it was
37:42
stolen. OK, Now what Pierce is saying is
37:45
important future mind supply of silver will never be as high as
37:51
it is now, and total demand for silver will never be as low as
37:58
it is now. So the supply will never again
38:02
be as high in silver as it is now.
38:05
OK. And on top of that, the demand
38:09
will never be as low as it is now.
38:11
Think about that, guys. That's what we're heading into
38:14
in the silver market. And think about what goes on
38:16
with the COMEX in the LBMA. Aren't they doing exactly what
38:20
this Latin legal phrase indicates?
38:23
They're basically selling silver and selling gold paper.
38:27
Where'd my paper silver go? Here it is.
38:30
I don't know how this happened. They're selling this without
38:34
true ownership. On top of that, if you heard of
38:37
naked shorting, naked shorting means when someone sells silver
38:43
or sells gold that they don't even own, right, they're
38:46
shorting it, They're thinking they can buy it back later.
38:49
But the silver they're selling, they don't even own.
38:52
That has everything to do with where we're going to be heading
38:55
in the silver. Because on top of that, right, I
38:58
mean, I think, I think from the perspective of that wise old
39:02
Latin saying that our friend Pierce, right, our lucky
39:05
leprechaun friend in Ireland, Limerick, Ireland sent us,
39:08
right. On top of, on top of all of
39:10
that, that the silver that's being sold, most all of it at
39:15
the Comex and the LBMA does not exist.
39:18
But wait, there's more, right? There's even more.
39:22
And that is that the fundamental, like he said, we
39:25
will never again think about this.
39:29
We will never again, most likely.
39:32
And I believe this. This is my truth and I believe
39:34
it to be the absolute truth. But I could be wrong.
39:37
You may disagree with me. We will never again during our
39:42
lifetimes see silver supplies at the amount of silver that's
39:47
sitting above ground as high as they are now.
39:51
It will only continue to shrink because the world is consuming
39:55
much more silver than is being produced.
39:58
And on top of that, there's even more, more.
40:02
We will never see demand numbers as low as they are right now.
40:06
Very likely the demand for silver will continue to
40:09
increase. Silver.
40:12
Silver is second only to oil in terms of its industrial
40:17
applications in the world. Let that sink in.
40:23
Could we say? That silver, like oil,
40:26
transformed the world over the last 100 years.
40:30
No argument, right? Is silver right?
40:35
Is silver the next commodity to transform the world over the
40:41
next 100 years? I want you to think about things
40:43
like like solar panels, right? A poor man in India, put
40:47
yourself in his shoes. He's never had electricity,
40:51
right? He's never had a cell phone.
40:53
Right? Now he can buy a couple solar
40:55
panels, put it on top of his little house, right?
40:59
Right there. Doesn't need to hook onto a
41:01
grid. He can.
41:02
He can plug in his new cell phone.
41:04
Might even buy an air conditioner, might even buy a
41:07
little refrigerator, some light bulbs.
41:09
Right? Silver's transforming the world
41:12
right in front of your and my very eyes for the benefit of
41:16
humanity. We're even humanitarians, right?
41:21
Think about it, the demand for silver.
41:24
Think about the new solid-state electric batteries being made by
41:28
Samsung. Have you heard of Samsung?
41:31
Samsung. We're not talking about some
41:32
company we never heard of, right?
41:35
Each one of those new batteries which will charge significantly
41:39
faster, which are much safer, much wider.
41:42
The list of benefits goes on compared to the current
41:45
batteries that are being used in EVs, right?
41:48
They'll go twice as far, 600 miles instead of 300 miles.
41:52
They have 3:30 or so ounces of silver each in them.
41:56
Transforming the world. Silver transforming the world.
42:00
Think about artificial intelligence.
42:02
Not the kind of intelligence you and I have that is far superior,
42:05
but artificial intelligence. All the demand for silver, for
42:09
microchips, it's happening right in front of our very eyes,
42:13
right? But all in an environment where
42:15
we know factually it's an absolute fact with the amount of
42:20
silver being produced every year is going down.
42:23
All of that in an environment where this Unicorn fart dust
42:26
make believe fairy land dollars land woo, here it is right?
42:31
Right is being printed into oblivion.
42:34
Does it make sense? It makes sense, you know, it
42:38
makes absolute sense. You know what's going on right
42:42
now, right? Doesn't make sense on many
42:44
levels to many of us. I understand that, right?
42:47
The dust is settling. Silver and gold always went.
42:51
Silver and gold have always won. Think about that.
42:56
We're not talking about the last 15 years like with Bitcoin and
43:00
crypto. We're talking about the last
43:02
1500 years, 100 times longer, right?
43:07
Actually, probably more like 200 or 300 times longer that silver
43:12
and gold have always won, right? Now, if you're an investor in
43:15
silver and gold, yes, it's been difficult.
43:17
OK, suck it up. I'm saying that to me, not you.
43:22
It's been difficult, yes. And it's going to be hard.
43:26
And you know why it's going to be hard?
43:28
Because we are in the final battle between silver and gold
43:33
in this, right? It's a cage match right now
43:37
between this, this and this. OK, In this cage match, who you
43:46
going to bet on? Do you want to bet on this to
43:48
win? Do you think this is going to
43:50
win? I want you to think about
43:52
something with this. This is only been around for
43:54
what, a couple 100 years at most?
43:57
It's only been really the Fiat paper version of it for 50
44:01
years, and we know what's happened during those 50 years.
44:05
When you compare it to gold, this has lost 98% of its value,
44:09
period. OK All right, All right.
44:12
This has held its value. And the other important thing to
44:17
remember is that silver and gold have been in this fight with
44:21
Fiat money hundreds of times, and they've won.
44:24
It'd be like if you went to the horse track.
44:26
OK, You ever go to the horse track?
44:29
I spent a lot of time at the track when I was in college, and
44:32
you get the program and you look at a race and there's one horse
44:36
in that race that's won every single race for the last 20
44:41
races it's been in and won by a long shot, OK.
44:44
That's what silver and gold had done, relative relative to Fiat
44:49
money. Silver and gold had beat every.
44:51
They beat England, OK. They beat Spain.
44:55
They beat the Dutch when they ruled the world, they beat them
44:58
bye bye. They beat the British when they
45:00
ruled the world, bye bye. Silver and gold beat them, beat
45:03
them good. They beat the Roman Empire when
45:05
they decided to, to to to to deface their their real money.
45:11
They've won every single time. And now there's Bitcoin.
45:16
OK, I like again, we're brothers.
45:18
We all. I don't know, you know, I mean,
45:20
I hopefully we can all live together in coexistence, but
45:24
silver and gold have always won. We got 200 likes.
45:28
You know what? We haven't done this for a few
45:29
weeks. 200 thumbs up. Let's ring the bell.
45:34
Thank you. You were in good shape.
45:36
You're in good shape. I'm in good shape.
45:39
OK. I know it can be bumpy.
45:40
Let's go out and check on the silver and gold price.
45:45
Can we deliver? Let's check.
45:47
Here we are at Pinbacks. We're going to press.
45:49
That's the Pinbacks magic button.
45:50
You guys can go to their website and do it yourself.
45:53
We're going to tickle the triangle here and down $0.13
45:58
gold, down 20 bucks. We are still letting the dust
46:02
settle. It's going to be interesting.
46:04
Thanks for joining me today. You are the most important part
46:06
of the basement. Please don't forget, give this a
46:09
thumbs up. That helps get the word out.
46:10
The more and more people and the more and more people that learn
46:14
about silver and gold, right? Number one, it feels good to
46:16
help people #2 that'll make the price of silver and gold go
46:21
higher and higher, which, you know, in the big picture is not
46:26
a bad thing. We like that.
46:27
So thank you. OK, thanks to the moderators.
46:30
Have a great day and I'll see you guys soon.
46:32
Thank you. Thank you, Don for the.