Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **THIS is HUGE!** 🦍🦍 Silver's MASSIVE Change... (INDIA, China Shock!) Gold - Precious Metals News

Transcript

**THIS is HUGE!** 🦍🦍 Silver's MASSIVE Change... (INDIA, China Shock!) Gold - Precious Metals News · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  Congratulations silver investors, you are watching
• 0:05
  history be made today. Today we crossed $100 in the
• 0:10
  spot price in silver. The big question that a lot of
• 0:14
  people have, will this continue? How far can it go?
• 0:19
  200 dollars, $300, even $500? The important thing that we want
• 0:25
  to do together is to look at all the facts.
• 0:28
  I've got some reasons and examples that we're going to go
• 0:31
  over today that indicate to us that we could indeed continue to
• 0:36
  much, much higher prices. But again, congratulations and
• 0:41
  congratulations for joining us down here in the basement.
• 0:43
  If we were here a year ago, we were down here saying, oh, the
• 0:46
  silver price is at $30 per oz. I wonder how high it will go.
• 0:51
  Just imagine if a year ago they told us that today we would be
• 0:56
  celebrating a major milestone in the universal history of
• 1:01
  precious metals, $100 silver. Please subscribe to the channel.
• 1:07
  We want you to come back on behalf of Upstairs Susie, my
• 1:10
  lovely assistant there on the walkie-talkie, and myself.
• 1:14
  We love having you as part of the Basement Dweller community.
• 1:17
  Subscriptions are free. Thumbs up, right?
• 1:20
  Press the thumbs up. That's free.
• 1:22
  Leave a comment in the comment section because your voice
• 1:25
  matters. Your thoughts matter.
• 1:26
  We are all in this together, navigating right?
• 1:30
  What we used to say. We're choppy waters, although
• 1:32
  we've had some good seas lately for the silver and gold price,
• 1:36
  we want yet to come back. I also want to say
• 1:38
  congratulations to Keith Neumeyer.
• 1:40
  He's the CEO of First Majestic Silver.
• 1:44
  We remember right years and years ago.
• 1:47
  Heck, I even remember almost 10 years ago sitting down here
• 1:50
  watching Keith Neumeyer on interviews and hearing him talk
• 1:53
  about triple digit silver. Well, congratulations, Keith.
• 1:57
  It happened today. You've been a leader in the
• 1:59
  precious metal sector, a leader in the silver sector, and we
• 2:03
  appreciate you. And why is it such a big deal,
• 2:05
  $100? It's just a number, but it's a
• 2:09
  big number, and it's going to draw a lot more attention into
• 2:13
  the silver market of people that are generalist investors.
• 2:19
  You know, that sheep warning noise will get it out of the way
• 2:21
  early today. The 97 percent, 98% of people
• 2:26
  that don't own precious metals are going to say, wow, did you
• 2:29
  hear silver hit $100, right? And maybe a little bit of that
• 2:33
  herd who we like to affectionately refer to as the
• 2:36
  sheeple, will come join us on the silver and gold lifeboat.
• 2:42
  Let's go out and start looking at some of this big data that
• 2:45
  we're getting today. You know what?
• 2:47
  Let's go out and take a look at the price First, let's go to the
• 2:50
  spot market. Hold on here one second.
• 2:55
  Hold on here. Here we go, guys.
• 2:58
  We're going to go out and look at the spot price of silver
• 3:01
  right now. Wow feast your feast your silver
• 3:07
  and gold eyes on this. We've got silver at 161 cents
• 3:12
  bid and the gold price right Hey, this could be a historic
• 3:16
  day for gold as well. The granddaddy.
• 3:19
  We don't want to forget about you grandpa gold right almost
• 3:22
  $5000 per oz. But what's really important is
• 3:27
  we want to take a look at the silver chart, OK guys, this is
• 3:32
  the one year silver chart for the futures market.
• 3:37
  This is the March of 2026 futures market.
• 3:41
  And I want to point something out that I think is critical for
• 3:44
  us and something very optimistic trying to get the there we go
• 3:49
  get that off the screen for the silver price and that is this
• 3:55
  OK. Again one year ago of course
• 3:59
  we've already covered we were at around $30 per oz.
• 4:02
  But on a one year chart we have such a a steady increase, yes,
• 4:07
  it picked up over the last three or four months, but that is not
• 4:12
  a spike, OK. Remember in 1980, in 2011,
• 4:16
  right, we had paper driven speculation driven silver price
• 4:21
  spikes for the price went up like this, right.
• 4:24
  Even on a one year chart that's what it looked like and when it
• 4:27
  shot up, it came right back down.
• 4:30
  This time really is different, right, Because this this chart
• 4:34
  shows us two things, right? Periods of consolidation, right?
• 4:38
  You can look there, there was some consolidation, there was
• 4:41
  some consolidation in this area, OK, but also that this is a
• 4:45
  physical driven market. Now we're going to go out and
• 4:49
  look at the five year chart on a five year chart.
• 4:53
  It's still right. It looks it looks semi spiky.
• 4:57
  But again, you know, the important thing to remember is
• 4:59
  that we have this time a physical driven and we're going
• 5:04
  to Oh, I got I forgot to tell you guys.
• 5:06
  We've got some incredible all around the world.
• 5:09
  There's a silver mania taking hold.
• 5:12
  We're going to look at data from all around the world.
• 5:15
  Before we do that, though, I want to go out and share this
• 5:18
  with you. Wrong 1 Hold on here.
• 5:22
  Here we go. A post that came from our friend
• 5:25
  Echo X who's got over 100,000 followers.
• 5:28
  A big account on X history made silver just hit $100 for the
• 5:33
  first time ever. This is going to make you feel
• 5:35
  warm and fuzzy. If you own silver, you know what
• 5:40
  this moment means. Years of patience, years of
• 5:44
  conviction, years of being told you were wrong.
• 5:48
  Some people even, you know, looked at me, looked at us cross
• 5:51
  eyed when we talked about silver 345 years ago, suppressed for
• 5:56
  over 200 years, 350 plus paper contracts for every one ounce of
• 6:04
  real silver, one of the most manipulated assets on earth and
• 6:09
  in the history of the universe, and yet inevitable.
• 6:13
  This is God's money. This is the people's money.
• 6:16
  This is what happens when paper lies meet physical truth.
• 6:20
  You, you now get to say I was there when silver hit triple
• 6:25
  digits like Keith Newmeyer predicted for the first time in
• 6:30
  human history. Be proud, you know?
• 6:33
  You know what you held. Congratulations guys.
• 6:37
  Okay, seriously, let's all take a moment, look each other and
• 6:42
  smile. While you're smiling, you can
• 6:44
  press the subscribe button. But let's go to China and just
• 6:48
  get some data from the Shanghai Gold Exchange.
• 6:51
  And then we're going to talk about, I mean, evidence that
• 6:55
  this can go even further because this is a remember, Silver's not
• 7:00
  just in Saint Louis, Silver's not just in Boise, ID Silver is
• 7:05
  valuable everywhere in the world, thousands of years all
• 7:11
  around the world. And we've got some data coming
• 7:14
  to us from all around the world that's going to make my hair go
• 7:18
  curly by the end of this live stream.
• 7:20
  But first, let's go out to our friend Oriental Ghost, whose
• 7:23
  mother recently passed away, mentioned that one more time.
• 7:26
  He was Mia for a little bit. We were all worried about him,
• 7:30
  but he's back now. Again, Oriental, go, sorry to
• 7:32
  hear about your mother. And this is his daily report
• 7:36
  from the Shanghai Gold Exchange. Oh, what's different about the
• 7:41
  Shanghai Gold Exchange? It's a physical market.
• 7:45
  This is a you have to have physical metal to trade on the
• 7:47
  Shanghai Gold Exchange. So this is China's price for
• 7:51
  real physical AG. You better know by now that
• 7:55
  stands for silver. That's the periodic element.
• 7:58
  And this is the SGE and guys in China, right, who now is setting
• 8:03
  the silver price, $111.00 per oz.
• 8:08
  But what if I told you we've got news from Dubai, we got news
• 8:12
  from Turkey, we have news from Korea.
• 8:14
  We have news from China. We have news from India.
• 8:18
  Everywhere we look, we are getting more and more crazy news
• 8:23
  about the world is woken up. Welcome to the new reality.
• 8:27
  Yeah, welcome to the repricing of silver.
• 8:32
  Now look, before we go any further, I want to because I
• 8:35
  care about you. Please, whatever you do with any
• 8:37
  of your investments, always be responsible.
• 8:40
  Remember, I'm not a financial advisor, OK?
• 8:44
  Be responsible, use logic. Don't put yourself at too much
• 8:48
  risk with anything that you may or may not invest in.
• 8:51
  Stocks, bonds, mutual funds, crypto currencies, precious
• 8:53
  metals, or relationships for that matter.
• 8:56
  Now let's go look at some insane data.
• 8:58
  Before we do that, I mentioned first meant earlier, but if you
• 9:01
  want to get your paws on some great silver, the freshest
• 9:05
  silver on the market, freshest silver.
• 9:08
  Why do I say that? Because First Mint is owned by
• 9:11
  First Majestic Silver who mines the silver in Mexico, ships it
• 9:16
  directly to 1st Mint. They are a a silver specialist
• 9:20
  mint in Las Vegas, NV when then it's transformed into world
• 9:24
  class silver bullion products. This here is their Las Vegas
• 9:29
  round. Look at that roulette wheel.
• 9:30
  I used to love to play a lot of roulette.
• 9:34
  That is the backside of their Las Vegas round.
• 9:37
  It's absolutely incredible. But the silver goes from the
• 9:41
  mines to the mint directly to you, those fine people at the
• 9:47
  COMEX and the LBMA, they never get to touch it, OK?
• 9:51
  You're literally taking, you're getting the freshest silver on
• 9:54
  the market, the most beautiful silver on the market, and you're
• 9:58
  taking silver away from those fine folks at the COMEX and the
• 10:01
  LBMA. You can learn more about them
• 10:04
  right here at First mint.com. Let me pull it up for you, OK?
• 10:09
  If you go to their store, they have bars, they have rounds, and
• 10:12
  they have a Folds of Honor product line that benefits the
• 10:15
  Folds of Honor Foundation. Great company.
• 10:18
  You guys have given me so much absolute positive feedback.
• 10:22
  Look, my experience with Versement, I love everything
• 10:25
  they've sent me and it's a premium retail experience.
• 10:29
  They really do set the bar. There's a reason why they're
• 10:32
  growing like crazy. I heard Keith Newmeyer say they
• 10:34
  had record sales in the fourth quarter.
• 10:36
  So keep up the great work. Work first met and thank you for
• 10:40
  sponsoring Ron's Basement. But wait a minute.
• 10:42
  I promised you to. Unbelievable silver data from
• 10:45
  around the world. What about the Chinese aunties?
• 10:49
  Aunties. Do you have an aunt?
• 10:50
  Huh. Well, in China, if you had an
• 10:53
  aunt, she apparently might be a Hold on here, Hold on, there we
• 10:59
  go. Might be waiting in line to buy
• 11:02
  precious metals for you. This comes from the FX leaders.
• 11:08
  China's Silver Rush and there's a lot more Trust me Auntie's
• 11:13
  lineup in Shenzhen to as retail buyers swap refiners and banks.
• 11:20
  Guys, get ready, take a deep breath, take your blood pressure
• 11:23
  medicine because this is some good news for the future of
• 11:27
  silver. As we look around the corner, it
• 11:29
  says banks and refiners are rushing to meet the
• 11:32
  unprecedented demand from retail investors.
• 11:37
  Make a note of that. Banks and refiners due to
• 11:40
  Silver's dizzying rally. But wait, there's a lot more.
• 11:45
  There's a lot. Banks and refiners are rushing
• 11:47
  to meet the unprecedented man from retail investors amid
• 11:49
  silver's dizzying rally. Sorry, I just repeated that.
• 11:52
  As evidenced by Chinese ants. Do you have a Chinese aunt
• 11:58
  waiting in line at Shenzhen market?
• 12:01
  Out of stock Turkish refineries and the Korea mint offer that
• 12:08
  sold out in one hour. But wait, there's more.
• 12:11
  We're going to dig into the details.
• 12:13
  OK, that paragraph I don't have highlighted just talks about
• 12:16
  what you already know. The silver price is sky
• 12:18
  rocketing. But let's listen now wait a
• 12:21
  minute. Wait, there's a bonus to buy the
• 12:24
  Middle East? Oh, let's listen to Ferrat
• 12:27
  Sakakaki, a bullion dealer in Dubai, stated.
• 12:30
  It's the, it's the highest demand I've ever seen, not in
• 12:38
  the last year, not in the last 10 years, the highest demand
• 12:42
  that our friend D Rot has ever seen.
• 12:44
  For the past 10 days, the majority of refineries in Turkey
• 12:50
  have been out of stock. For the smaller bars, which are
• 12:54
  10 and 100 oz, I don't know. Those are pretty big.
• 12:58
  Quote, Turkish retail investors are now willing to pay up to $9
• 13:04
  more per oz than the global benchmark price.
• 13:09
  So we got Turkey, so we got Dubai, and we have China.
• 13:13
  Is there more? I don't know.
• 13:14
  This is causing international banks to prioritize banks to
• 13:19
  prioritize shipments to the nation and region with less
• 13:23
  metal reaching India, excuse me, India, and leaving demand there
• 13:30
  unmet. There's this very complicated
• 13:34
  economic concept called supply and demand.
• 13:37
  And when there's no supply, but there's demand, there's only one
• 13:42
  thing that fixes that. That starts with the letter P
• 13:45
  That's right. You guessed it, price,
• 13:46
  particularly for a less liquid metal like silver.
• 13:51
  Excuse me, a short squeeze in October of last year
• 13:55
  demonstrated how local supply did we just say the S word
• 14:00
  squeezy, squeezy that it was a squeeze.
• 14:04
  But anyway, local supply constraints can quickly spread
• 14:08
  worldwide. But wait, there's more because
• 14:13
  according to Samit Guha, CEO of MMTC PAMP India.
• 14:18
  All right, that's the big PAMP, you know, refiner investor,
• 14:22
  demand for silver is greater in India.
• 14:25
  Now, excuse me, that it was in October.
• 14:29
  Remember what they just said in the previous paragraph?
• 14:32
  There was a squeeze in October with smaller bars and coins
• 14:36
  being popular is the biggest precious metals refine and
• 14:40
  they're the biggest precious metals refiner in the nation.
• 14:43
  That's just the biggest one in India, right?
• 14:45
  Telling us that they've got more demand now than they did during
• 14:48
  the October squeeze. Although the company's imports
• 14:51
  of silver Dole Ray more than doubled from October to December
• 14:56
  of last year, it's still having difficulties.
• 15:00
  So the biggest refiner in India imported twice as much silver
• 15:06
  from October to December, right? But they still can't meet the
• 15:10
  demand. I don't know.
• 15:14
  You tell me. I'm waiting.
• 15:21
  Are we in unprecedented times for silver and gold for that
• 15:26
  matter, Don't want to ignore gold, the grand pappy of all
• 15:29
  precious metals, right? Are we in a new reality for
• 15:33
  silver and gold? You answer the question, right?
• 15:37
  You've got a you got a brain on your shoulders.
• 15:39
  And I think you know the answer to that question.
• 15:42
  What about our old friends, right?
• 15:45
  And we love them because the first four letter of their name
• 15:48
  spells the word gold. Yes, We're talking about Goldman
• 15:52
  Sachs, the most respected big investment bank in the world.
• 15:56
  Who they didn't listen to me and you 345 years ago when we said
• 16:00
  we thought silver and gold were underpriced.
• 16:02
  No, they would put out low estimates, blah, blah.
• 16:06
  But what's Goldman Sachs saying now, right?
• 16:11
  And we won't, we won't complain when the world's biggest
• 16:13
  investment bank gives us some good news.
• 16:15
  And this comes from our friends at Kitco, Ernest Hoffman.
• 16:20
  Thank you, Ernest for your Ernest.
• 16:23
  The involvement in the precious metal sector, Goldman Sachs
• 16:26
  raises their 2026 gold price target to only $5400 per oz.
• 16:32
  As the this is there's something, there's a, there's a
• 16:35
  very important factor in what Goldman saying and we're going
• 16:38
  to talk about it. Private sector joins central
• 16:41
  bank's diversification strategy. We'll talk about that as well in
• 16:49
  blue. We just have two paragraphs to
• 16:51
  cover. OK Basement dwellers just weeks
• 16:54
  Just weeks after setting a year in target of $4900 per oz for
• 16:59
  gold, the banking giant Goldman Sachs announced on Wednesday
• 17:04
  that it was raising its December 2026.
• 17:07
  That would be a little over 11 months from now.
• 17:11
  Price target to $5400 per oz. Goldman analyst led by Dan St.
• 17:20
  Vegan and Lena Thomas wrote in a note.
• 17:23
  We can have a little fun, guys. Right, That the upgraded
• 17:26
  forecast is based on their belief that private investors
• 17:31
  who bought gold as a hedge against macro policy risks will
• 17:35
  hold these positions through the end of the year.
• 17:38
  So what they're saying is that individual investors are waking
• 17:41
  up to the fact that we're in a debt spiral in the United States
• 17:45
  and the world for that matter. And on top of that, we have
• 17:48
  geopolitical strife like nothing else in history.
• 17:51
  Let me tell you something, guys. Let me tell you something, at
• 17:54
  least those of you who've been basement dwellers for years,
• 17:56
  remember this from about 14 1/2 months ago, there was a period
• 18:00
  where I would describe the situation where it was a boxing
• 18:03
  match. OK, I'm not big on violence, but
• 18:06
  it's a boxing match. In one corner you have the Fiat
• 18:10
  currencies, right? The, the, the Tranfi banking
• 18:14
  system, right? And they're going to fight,
• 18:16
  they're going to square off against against the precious
• 18:19
  metals heavyweight. In one hand he has gold in the
• 18:23
  other hand, he has silver. They're going to fight each
• 18:26
  other. Now who you going to bet on?
• 18:28
  And this is what we said two years, 14 1/2 months ago,
• 18:31
  whatever, you know the point, what we said was right that that
• 18:35
  fight we're going to bet on gold and silver, right?
• 18:39
  The precious metals heavyweight as he takes on Jerome Powell and
• 18:44
  the Federal Reserve, right, OK. And the reason why there's a big
• 18:49
  reason why anybody who bets on sports is going to look at
• 18:54
  history. So if you get the, the, the,
• 18:56
  the, the statistics on these two boxers, right, you can look at
• 19:00
  gold and silver heavyweight, the precious metals heavyweight.
• 19:04
  They've been in this fight many, many times before, like 4000
• 19:08
  years worth of experience and the precious metals heavyweight
• 19:14
  beat the Fiat currency every single time over 4000 years.
• 19:19
  Look, look, I know we all have a thing called recency bias,
• 19:23
  right? This is not the only paper
• 19:25
  currency that's ever been made. There's been hundreds,
• 19:28
  thousands. Lynette Zhang has a whole bunch
• 19:30
  of them. I love Lynette Zhang.
• 19:32
  You know examples. There's there's, there's all
• 19:35
  kinds of from all over the world, all throughout history
• 19:38
  when they decoupled this, right? And look, President Richard
• 19:42
  Nixon did it in 1971, took the United States off the gold
• 19:46
  standard. That was his decision.
• 19:48
  We didn't like it. I love my country.
• 19:50
  I wish we'd stayed on the gold standard, but they didn't.
• 19:52
  And that's the reality. Now.
• 19:54
  This is backed by faith and confidence every single time.
• 19:59
  This here, I can do a great visual for you.
• 20:02
  This OK, took on this over 5000 years.
• 20:08
  This has won. Thank you, Goldman Sachs for
• 20:12
  finally waking up to what we tried to tell you 3 or 4 years
• 20:16
  ago. Oh, we got more to cover.
• 20:22
  How about metals? Oh, OK, OK, thank you.
• 20:29
  I'll do. I'll, I'll recognize the Super
• 20:31
  chance later in this broadcast. What I would like you to do
• 20:34
  right now, besides press the subscribe button in the thumbs
• 20:37
  up, is everybody say hi and thank you to the one and only
• 20:42
  the world famous upstairs. Susie.
• 20:44
  Yes, that's my wife. I couldn't do this without her.
• 20:47
  And she communicates with me via a walkie-talkie.
• 20:50
  And if I get a certain number of likes and thumbs UPS, she
• 20:53
  unlocks the deadlock bolt on the basement door and I get to go
• 20:57
  outside and have a little fresh air.
• 20:59
  Now let's talk about something even more important.
• 21:02
  This was great. People were saying that the
• 21:04
  precious metals rally is over. It's done, right?
• 21:07
  And look, I don't have a crystal ball.
• 21:08
  You don't have a crystal ball. I don't know.
• 21:11
  I can't believe I'm even thinking this, but I mean, could
• 21:14
  silver go down? Of course.
• 21:16
  Will it go down at some point? Yes, it will.
• 21:18
  Don't throw eggs at me. It's not just going to go
• 21:20
  straight straight up my but most likely it's going to have pull
• 21:24
  backs, consolidations, whatever People were saying that in this
• 21:28
  game, this art, this next article and we're going to go
• 21:30
  through it quickly gave so many reasons why why the price of
• 21:36
  gold and silver, right, Gold and silver, the precious metals
• 21:40
  heavyweight can continue higher. Let's go out and take a look at
• 21:44
  this as well. And this came from our friends
• 21:48
  at metals and miners sub stack. They're doing a great job.
• 21:52
  Gold and silver sell off on the Trump NATO Greenland deal.
• 21:55
  What a joke I have to say. Everyone is now asking is this
• 22:00
  the top? Are we done?
• 22:01
  OK, are we done? Look at that.
• 22:04
  Oh my gosh, remember that night gold went down like, what, 100
• 22:07
  bucks because I don't know something about Greenland?
• 22:10
  Well, let's just, let's just get down here to the important part.
• 22:15
  And what they're saying is maybe, maybe the rally in gold
• 22:20
  and silver isn't over because as they point out, right, you need
• 22:24
  to understand that the Japanese bond market is still imploding.
• 22:28
  That's a big, big deal, right? People are selling bonds.
• 22:32
  OK. I didn't look at the bond market
• 22:34
  today, but people have been selling bonds, not more.
• 22:39
  Let's go to the next point. You need to understand that
• 22:41
  America's debt crisis is unsolvable.
• 22:44
  We'll look at that in a minute. I'm going to pull up one of your
• 22:46
  favorites, the US debt clock. We'll look at that in one
• 22:49
  second. Yes, we are in a debt spiral in
• 22:51
  the United States. the United States must issue.
• 22:55
  This is crazy. 11 to 12 trillion in new debt in 2026 alone.
• 23:01
  And with Japan and China no longer buying, the Fed will be
• 23:05
  forced to monetize the debt. That means print money to pay
• 23:09
  for the debt. And the guys, 11 to 12 trillion
• 23:12
  is almost 30%. But wait, there's more.
• 23:14
  There's a kicker because that 11 to 12 trillion is going to have
• 23:18
  to be issued at much higher interest rates even if they do
• 23:22
  short term, right? I mean, it's it's a spiral.
• 23:26
  We'll talk more about that later.
• 23:28
  You need to understand the Greenland deal is not yet a
• 23:30
  deal. There's all that speculation.
• 23:32
  We won't go down that road. But we got trouble with Europe.
• 23:35
  Now Europe's mad at us. You need to understand that
• 23:38
  NATO's stunning reversal from the threatening war against the
• 23:41
  US over Greenland to full throated endorsement in a matter
• 23:44
  of hours reveals how screwed up the world is on a geopolitical
• 23:50
  level. You need to understand that the
• 23:52
  stock market, we talked about the bond market, people are
• 23:55
  selling bonds when the interest rates on bonds goes up.
• 23:59
  Look, I can be as fancy as you want me to.
• 24:01
  I work for a BIG4 accounting firm.
• 24:03
  I understand all these terms. But when so just so just for
• 24:07
  those of you who are maybe new to finance, when interest rates
• 24:11
  go up, the only reason interest rates go up on bonds is because
• 24:15
  people are selling bonds when they sell the bonds, OK, but the
• 24:20
  people that are buying them are saying, well, I'm only going to
• 24:22
  buy it if it pays a higher interest rate.
• 24:25
  People are selling bonds, getting out of the bond market.
• 24:29
  But look, the stock market is in no better shape.
• 24:34
  The stock market is at, by almost any measurement, any
• 24:37
  comparison at historical overvalued levels.
• 24:42
  OK, the Magnificent 7 tech stocks are getting hit hard in
• 24:46
  early 2026. We could go down that road, but
• 24:50
  just think about that. Bonds don't look good.
• 24:53
  The stock market don't look good.
• 24:54
  What about residential real estate and commercial real
• 24:57
  estate? Let's just say that doesn't look
• 24:59
  good either. What's left, right?
• 25:01
  What's the safe haven? What's the safe harbor?
• 25:03
  You got that right. It's gold and silver.
• 25:05
  You also need to understand that the bricks are decoupling.
• 25:08
  We talked about this with Mr. Van earlier in the week, right?
• 25:11
  The world, the world is moving away from the dollar.
• 25:14
  We're going to look at some data on that here.
• 25:17
  You know what, we can do that right now.
• 25:18
  Wow, what a perfect segue. Here we go.
• 25:21
  This shows this is a stunning chart from Taylor Kenny that
• 25:25
  shows how the world is moving a way.
• 25:28
  Bye bye dollar, right? It was nice knowing you, but we
• 25:32
  are finding other ways to store our value, Taylor says.
• 25:36
  The reserve currency privilege that let the US export, export
• 25:40
  inflation, right? And live beyond its means.
• 25:43
  We're losing that status and inflation is coming back home
• 25:48
  and it's going to happen fast. And if we get inflation, the S
• 25:52
  word, guys, stagflation, look back to the 1970s.
• 25:56
  We had a stagflationary environment and we had silver
• 26:00
  and gold. Prices skyrocketed.
• 26:03
  Like no time in history, well, except for maybe now because we
• 26:06
  are in historic times. But it's it's a setup for
• 26:10
  unbelievable returns potentially in gold and silver.
• 26:15
  The public has no idea what's coming.
• 26:18
  Well, Taylor, we love this chart.
• 26:20
  Not really, but it's just the reality of what's going on.
• 26:23
  And guys, take a look at this U.S. dollar assets as a
• 26:28
  percentage share of foreign exchange reserves.
• 26:33
  Here's 2021 if my math is correct.
• 26:36
  That was just four years ago and at one point the world had
• 26:41
  almost 75% of its assets in U.S. dollars as their reserve.
• 26:48
  Look at what happened. You can see it right?
• 26:51
  Oh, I think it went down, it went up and it went down, down,
• 26:54
  down, down, down. Now we are at only 58%.
• 26:59
  That is a dramatic decrease in the matter of only four years.
• 27:05
  It's incredible. It's happening.
• 27:07
  The world is abandoning the dollar.
• 27:09
  We don't like it. It's unfortunate, but maybe if
• 27:12
  Nixon hadn't take us off the gold and silver standard, we'd
• 27:15
  we'd still be in pretty good shape and it is evidenced here.
• 27:20
  Hold on. I want to say hi to you.
• 27:21
  Sorry. I mean, I guess you probably
• 27:23
  don't like looking at me all the time anyway, but I like looking
• 27:25
  at you. OK.
• 27:27
  And seriously, your time is valuable.
• 27:29
  We've got almost 2000 people down here with us today.
• 27:33
  That is such good news, guys, because more and more people are
• 27:37
  waking up, waking up to gold and silver.
• 27:41
  So to all the new people, welcome to the long term
• 27:44
  basement dwellers, Right? You've been loyal.
• 27:46
  We appreciate you. Your time is valuable.
• 27:48
  Thank you very much. Let's go.
• 27:50
  We'll look at the US debt clock just to make sure nothing's
• 27:52
  changed there and maybe hold on here for a few and boom, think I
• 27:59
  got it up, should be up now. Look, look, hold on here.
• 28:04
  Hold on, get the crayons out. Are you ready for the?
• 28:08
  Are you ready for the spiral? OK, here we have our U.S.
• 28:12
  National debt in the upper left corner, only $38 trillion.
• 28:17
  Do you realize that per taxpayer that is equal to 355,000?
• 28:24
  That means if you work and you pay taxes in the United States,
• 28:27
  you essentially owe $355,000. But that's not the crazy part
• 28:34
  'cause we go down here in the very bottom, in the middle, you
• 28:37
  can see interest expense that we're paying on the debt right
• 28:42
  now, very close to $1 trillion. Now, remember, like we covered
• 28:47
  earlier, the Treasury Department needs to refinance 11 to $12
• 28:53
  trillion of the debt just this year alone.
• 28:56
  And that debt, when it gets refinanced, reissued, is going
• 29:00
  to be at much higher rates, which will continue to make the
• 29:03
  interest expense go up. But wait, there's more because
• 29:07
  right here, right here, just the below to the right of the debt
• 29:12
  level, that's the the government's budget every year,
• 29:16
  $1.7 trillion. OK, now think about this.
• 29:22
  The interest expense number that that continues to go up, right?
• 29:26
  That feeds directly into this, that makes the deficit get
• 29:32
  bigger and bigger. So is the is the interest
• 29:35
  expense gets bigger, the budget deficit gets bigger.
• 29:38
  And then where does that feed into that feeds right into the
• 29:43
  overall debt. But as the overall debt, debt
• 29:46
  gets bigger and interest rates get higher because nobody wants
• 29:49
  to buy our debt, that goes down into here again, right into the
• 29:54
  interest expense, which makes the deficit get bigger, which
• 29:57
  then makes the national debt get even bigger and bigger.
• 30:00
  I could repeat this over and over, but did you notice
• 30:03
  something, Right? It's a spiral.
• 30:07
  It's a debt spiral. You know, I don't like it.
• 30:12
  I hate it. It's horrible.
• 30:14
  I wish it wasn't the case. But it is right.
• 30:19
  In the anecdote for that is absolutely precious metals.
• 30:22
  Since we're here, let's go over and make sure that none of the
• 30:25
  important statistics when it comes to silver and gold have
• 30:29
  changed. Some reason I can't draw on here
• 30:32
  a lot of times with my markers, but we'll try.
• 30:37
  OK, right here. Yeah, to see it doesn't work.
• 30:39
  So hopefully you can see my cursor and get that off the
• 30:43
  screen right here on the right hand side.
• 30:45
  The second column about 2/3 of the way down the paper to silver
• 30:50
  ratio right now sits at 376 to one, OK.
• 30:58
  We talked about this yesterday on a daily basis, if you figure
• 31:02
  that the silver mining sector produces about 800 million
• 31:06
  ounces of silver per year, that's about 2.2 million oz per
• 31:11
  day, OK? It's absolutely stunning.
• 31:14
  And then we go to the top again in the second column.
• 31:17
  The dollar to silver ratio right now is at $1186 per oz.
• 31:25
  What that is the annual increase in the M2 money supply, how much
• 31:31
  money is being printed essentially, right.
• 31:33
  The increase in the M2 money supply divided by the number of
• 31:37
  Oz of silver on an annual basis that are being created.
• 31:41
  And it's just absolutely crazy stunning.
• 31:45
  OK, I've got one more really eye opening thing for us to look at.
• 31:50
  OK, and this looks at gold, but the same is true for silver over
• 31:56
  the last 20 years. OK, silver and gold have held
• 32:01
  their value for thousands of years, but wait till you see
• 32:05
  this about gold over just the last 20 years.
• 32:09
  Hopefully I've got it here. I'm going to pull it up.
• 32:12
  Oh, no, hold on a minute. Hold on.
• 32:14
  You just look at this crazy drawing.
• 32:16
  I'm going to find it. Bear with me.
• 32:18
  Having a little tech tech issue, gold shoot.
• 32:24
  Hold on. Hold on.
• 32:30
  Hold 20 years. All right, I found it.
• 32:35
  I'm going to be right back. I'm going to be right back.
• 32:37
  Here we go and boom, and here we go from financial dystopia.
• 32:45
  Hold on. Let me pause this.
• 32:47
  Make it full screen and go back. To the beginning.
• 32:51
  This is absolutely eye opening and it's only about 18 seconds
• 32:57
  long. OK, this is $10,000 of gold.
• 33:00
  The 20 year difference. That's 2005. 20,000 in gold.
• 33:08
  But wait, there's more. 2005 more gold.
• 33:11
  That's how much gold you got for 10K in 2005. 2025 you get 1/2
• 33:17
  and 1/2 21 oz and actually today he needs to update this video
• 33:29
  right. 21 ounces of gold 2005 is equal to basically 2 today.
• 33:36
  It was 2.5 when he made it. All right, guys, unbelievable
• 33:40
  historic period of time that we're living through, right?
• 33:43
  Oh, super chats. Yeah, and and leaving.
• 33:48
  We got 500 likes. We.
• 33:50
  Got people from all over the world we have 2000 people guys
• 33:53
  in the basement right now. Do you realize what's even more
• 33:57
  important that by the time people watch the recording of
• 34:01
  what we are doing live right now, there will be like 40 or
• 34:05
  50,000 people that watch this video?
• 34:08
  That's like a big giant football stadium.
• 34:10
  It's not because of my dynamic personality or my good looks.
• 34:15
  It's because people are wanting to learn about precious metals.
• 34:19
  People are coming into the precious metals community.
• 34:23
  And don't forget right now, what, like 2342 percent, 2 1/2%
• 34:28
  of the world's financial assets are invested in precious metals,
• 34:31
  right? If that goes to 5%, seven and a
• 34:34
  half percent, that's two or three times the amount of this,
• 34:39
  right? Fiat paper money.
• 34:42
  That's it's attempting, right to convert itself into precious
• 34:46
  metals on top of what we learned about in Korea, Turkey, where
• 34:52
  else, China, Russia for that matter.
• 34:55
  But all that data on top of all that, it hasn't even started in
• 35:00
  the richest country in the world.
• 35:02
  Take a step back and think about that, right?
• 35:04
  the United States of America, at least for now, is still the
• 35:08
  richest country in the world at the silver and gold price
• 35:11
  continue much higher. China and India are probably
• 35:14
  going to take us over. But when people here, right,
• 35:18
  those neighbors, those aunts and uncles, those skeptics, right?
• 35:22
  The sheeple, the herd of sheeple start.
• 35:26
  To show up. And want to get, they're going
• 35:28
  to be like, can we get in there with you guys?
• 35:31
  Like there's no more seats. Congratulations to you on this
• 35:37
  historic day for the precious metals market.
• 35:41
  OK. No matter where silver closes
• 35:44
  for today, we have $100 silver in the spot market.
• 35:51
  It's a big, big deal. I want to run out here and say
• 35:54
  thank you. Oh, wow, we got 3 super chats.
• 35:57
  OK, Terry Lasquez. Well, thank you, Terry.
• 36:01
  I appreciate you. I appreciate everybody.
• 36:04
  Right. I just, I speak my truth.
• 36:06
  I love silver and gold. I have for years.
• 36:09
  I love precious metal mining stocks.
• 36:11
  Oh, by the way, before I forget first Mining Gold also sponsors
• 36:14
  Ron's Basement. That was a company founded by
• 36:17
  Keith Neumeyer, right? We talked about him earlier.
• 36:20
  They have two massive development stage gold projects
• 36:23
  in Canada. Du Parquet in
• 36:25
  quebecandspringpullinontariocheckthemout@firstmininggold.com. All right, next one let me.
• 36:32
  Get this up. This is.
• 36:33
  From Renee Gadzi, Designers, 8643.
• 36:39
  OK. OK, hold on.
• 36:41
  Susie said something. Sorry guys.
• 36:43
  Hopefully you can still see me and hear me.
• 36:45
  We got a lot going on today. Thank you, Renee, Renee, Renee,
• 36:50
  I appreciate it. And hold on here.
• 36:54
  Wow, Super sticker from Michelle.
• 36:58
  Michelle, I'm sorry, I have a hard time reading the small
• 37:01
  print. Mckelmer 477.
• 37:03
  Guys, thank you for the Super chats.
• 37:05
  Let's check in with upstairs Susie and see what she was
• 37:07
  requesting. Upstairs Susie, are you there
• 37:10
  over here? I just was.
• 37:13
  Reminding you to do the so and the go.
• 37:16
  OK. Congrats to.
• 37:18
  Everyone woo. Hoo, yeah, yeah.
• 37:20
  Upstairs, Susie. 'S pumped up.
• 37:22
  It went from being my silver to our silver to her silver.
• 37:27
  Although I store it off site so she's going to have a hard time
• 37:30
  getting a hold of it. OK, let's ring the gong guys.
• 37:33
  Hey, it's a big day, a day of celebration.
• 37:39
  I love how it resonates. The golden gong and of course,
• 37:44
  the silver bell on this historic day 12345678910.
• 37:52
  All right, Hey, we like to have fun, right?
• 37:54
  We can get real technical, but we want to have some fun as
• 37:57
  well. I really appreciate you being
• 37:59
  part of this community. Take care of yourself.
• 38:01
  Don't forget, subscribe and I will see you.
• 38:05
  Yeah, you. I'm watching you next time.
• 38:07
  Enjoy your silver and your gold today.