Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **URGENT** INDIA Has Gone SILVER Crazy!

Transcript

**URGENT** INDIA Has Gone SILVER Crazy! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 1:03
  Welcome to the live stream, right?
• 1:06
  Let me know if you can hear me now.
• 1:08
  We'll try that one more time. Otherwise, I'll turn the.
• 1:11
  They can't hear me. I don't think.
• 1:13
  No audio, no audio. All right, let's try this.
• 1:17
  I don't know what I'm doing wrong.
• 1:19
  Can you hear me now? Hello.
• 1:21
  Hello. All right, now you can hear me.
• 1:25
  All right, well, we'll use this audio for now.
• 1:27
  What the heck, who needs all this technology anyway?
• 1:30
  Anyway, guys, I wanted to share with you some big breaking news
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  out of India and silver, it's absolutely ports we're going to
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  go over. And then I've got one number
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  point out to you that I think is just absolutely shocking and
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  tells us what we could be having here very soon with that silver
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  market. But the first place I heard this
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  was from Bix Weir. I don't know if he broke the
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  story or who broke the story, but they're reporting massive
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  silver imports in India in the month of February.
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  When you hear these numbers, it's it is shocking, some people
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  saying as high as 75, 1,000,000 ounces of silver imported in
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  February by India. Take a step back.
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  I want you to think about this for one second.
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  OK? Think about 70 million ounces of
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  silver, James Anderson over at SD Bullion pointed out.
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  That's 70,001 oz. Bars 70.
• 2:38
  Oh boy. Guys, I appreciate all you for
• 2:40
  sticking with me. Apparently the Wi-Fi here is not
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  working too well. Hopefully again you can see and
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  hear me right now. For those of you who missed
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  India imported 70 million ounces of silver in February.
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  Put that into context. That's 70,001 oz.
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  Bars. Think of a massive football
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  stadium. OK, a massive professional
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  college football stadium. And in every one of those seats,
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  a 1000 oz Silver bar sitting there.
• 3:13
  This is crazy. The story for Silver, the
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  narrative behind Silver is absolutely growing more and more
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  compelling every single day. Am I alone?
• 3:25
  Do you agree? OK we got more to talk about in
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  regards to this India silver numbers.
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  So but do you agree? If you agree say yes or or why
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  in the comments section please because this is what blows me
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  away. One month India imports 70
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  million, seventy 5 million ounces of silver.
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  The entire that's almost 10% of the entire mining output for an
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  entire for the year. OK, so how can we even begin to
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  think another stunning, absolutely stunning statistic
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  about this? This was from James Anderson
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  over at SD Boy, and he pointed out that 70 million ounces of
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  silver. That's more silver than the US
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  Mint. More silver than the US Mint
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  used to produce all of the American Silver Eagles during
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  the years 2021-2022 and 2023. It's unbelievable what's it
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  being used for. People are speculating batteries
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  for E VS solar power applications.
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  That's what everyone says. India.
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  This another key component, another big deal that we need to
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  realize India and China. And people are saying that
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  China's bringing in massive amounts of silver, also many
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  times directly from from from mining operations.
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  They're developing direct relationships, India and China.
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  These places are growing like crazy, right?
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  Especially India. But consider also now they both
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  have their own independent markets outside of the Comex and
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  the LBMA that they can use for for buying silver, for trading
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  silver. We know in China they have the
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  Shanghai Gold Exchange where silver is almost always trading
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  two or three dollars higher than where it is right now in India.
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  And you can correct me if I'm wrong on this, but I believe
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  their market is called the India International Bullion Exchange.
• 5:42
  The I, I BX, it's changing guys. I'm hearing big people in the
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  sector saying that we could be near the tipping point for
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  silver. Look, I don't have a crystal
• 5:54
  ball, don't make any financial decisions based upon what I'm
• 5:57
  saying. Oh, and by the way, even though
• 5:59
  I don't have the box behind me, if you do decide you want to get
• 6:02
  yourself on some silver, check out channel Sponsor Pinbex Pi MB
• 6:08
  E, xpinbex.com. OK?
• 6:11
  They have plenty of silver, gold, and platinum, but they
• 6:14
  also have great prices, great selection, and great customer
• 6:17
  service. Throw them in the mix next time
• 6:19
  you're looking to buy some silver or gold.
• 6:21
  So right, If you're not in China or India and you want to get
• 6:27
  silver gold, check out pin back. But if you're in China or in
• 6:30
  India, you can get silver and gold now directly.
• 6:33
  Like I said, on their own major exchanges, things are going
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  crazy. We know.
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  You know, I talked with Andrew McGuire from Live from the
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  Vault, what, four or five weeks ago and he said, I got to give
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  him credit. He said something's going on
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  with India on the wholesale level, like they are buying up
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  all the silver guys, 75,000,000 oz, 70 million, whatever it is.
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  I'm hearing different numbers being being bumped around.
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  That's 10% of the entire world's silver production, one month
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  India alone buying it up. I don't know what do you see,
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  right. We're seeing strong action
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  lately in the silver price. Will we continue to see strong
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  action? I think that when we consider
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  everything going on in the world, when we consider
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  everything going on in the United States, in this growing
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  appetite for silver, I think we've got a really great future
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  ahead of us. Look, I just wanted to hop on,
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  say hello to everybody. I hope you're doing well.
• 7:43
  Thank you. To our other channel, channel
• 7:44
  sponsors First Mining Gold. You can learn more about them at
• 7:48
  firstmininggold.com and Fortuna Silver.
• 7:50
  You can learn more about Fortuna silver@fortunasilver.com.
• 7:54
  Happy Saturday night. Thanks for jumping on here with
• 7:57
  me. Read more about this story
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  Developing with India, right? Remember 2000?
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  Remember 2022? The big story that everybody
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  talked about, right? All the silver and gold, me
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  included. India imported 300 million oz
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  for the entire year of 2022, and now we're talking 70 or
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  75,000,000 ounces in one month. This is what we've been waiting
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  for. I mean, you know, I can't see
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  that they're going to import 70 million in one month and then
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  not import anymore for the rest of the year.
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  Who knows? We'll have to see how it all
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  plays out. But what we're seeing is an
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  exaggeration of the deficit in the in the world of silver,
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  right? That there's more silver being
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  demanded than it's being produced in the world right now.
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  And sure, temporarily they can plug that with above ground
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  supplies. Grandma's tea set, however you
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  want to look at it. But that's only going to last
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  for so long because the world needs more and more silver.
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  It will result in much, much higher prices.
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  I'm going to make sure I didn't miss anything here guys.
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  Now that's about it. I just, I had to hop on and
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  share that. I also wanted to say hi to all
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  the basement dwellers, tell you I hope you're having a great
• 9:23
  weekend. Have a great Saturday night.
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  OK. And I will talk to you guys
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  soon. Thank you to the Craig for being
• 9:31
  here. Craig Edmonds moderator.
• 9:33
  Any other moderators guys, please type 8 for the moderators
• 9:37
  because those that moderate are great.
• 9:39
  Hey, I hope you have a great night.
• 9:41
  Thanks again for joining me and I'll see you soon.