Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ✨ THIS is IMPORTANT! - SILVER Just had a Big SHIFT... (Squeeze + Shortage) Gold & Precious Metals

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✨ THIS is IMPORTANT! - SILVER Just had a Big SHIFT... (Squeeze + Shortage) Gold & Precious Metals · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:01
We have big record-breaking silver news out of China.
0:04
We're going to cover that. But first, you know, there's a
0:07
lot of volatility right now in the markets.
0:10
Let's go out and take a look. Look at a picture which will
0:13
make us giggle, which I think explains everything we're
0:16
experiencing right now. Someone put this one out and
0:19
said that's what it's like waiting for the markets to open
0:22
on Monday. I thought maybe a little more
0:24
accurately they could say that's what it's like waiting for the
0:28
US dollar to collapse based on all the data that we're getting.
0:32
But it's not just China that we're getting good news about
0:35
silver. We're also hearing it on an
0:37
international basis. And we got this yesterday from
0:41
our friend the International Stacker had some breaking news
0:44
that the USA and hold on here now we got it up.
0:49
The USA and South Korea just held high level talks on
0:53
critical minerals. Silver could be a big winner.
0:57
Scott Percent met with South Korea's Minister of Economy and
1:00
Finance to discuss critical minerals trade, investment and
1:04
AI. Big reminder from International
1:08
Stacker, the US officially made silver a critical mineral in
1:12
December of 2025. Project Vault, which is
1:16
America's 12 billion strategic stockpile of gold, silver,
1:20
copper, uranium, etcetera, was just open to private traders and
1:25
the stated goal, secure domestic change and chains and reliance
1:31
on China. Now the other big thing for us
1:34
to remember, we heard that last week Scott percent met, met with
1:37
the Ministry of Finance from Mexico to talk about critical
1:42
minerals. There's a lot of speculation
1:44
going on right now that what we could be hearing here sooner as
1:48
opposed to layer later is about price floors.
1:54
And I apologize my voice, we've been having horrible allergies
1:58
around here. But price floors could be coming
2:01
and could be coming sooner as opposed to later.
2:03
Also remember, why would South Korea be so interested in
2:07
silver? Well, how about because they are
2:09
one of the world's largest manufacturers of electronics and
2:13
we know silver is critical, right?
2:16
In anything electronic, nothing conducts electricity like
2:21
silver. Silver is not just the
2:23
electronic metal, but also the energy metal of the future, the
2:28
EE metal as we've called it many times down here in the basement.
2:31
Let's go take a look at the old cup and handle after I tell you
2:35
thank you for joining us down here in the basement.
2:37
On behalf of upstairs, Susie and myself, this is only possible
2:41
because of you. So thank you.
2:42
Thank you. If you get a chance, please
2:45
subscribe to the channel and give the video a thumb.
2:54
OK, Shane McGuire, we haven't looked at this for about a week,
2:58
but there's a new way for us to look at the massive cup and
3:01
handle pattern. He says an asset can spend most
3:04
of our lifetimes building a bullish formation.
3:08
Yet after an astounding 10 month move, the bull run is over.
3:12
Yeah, you're hearing people say that about silver, right?
3:15
All the bull runs over. The bull runs over.
3:17
Wait till we look at this long term chart, which definitely
3:21
indicates to us that the IT it could be otherwise.
3:25
My thoughts are we have years before Silver's run is over.
3:30
Don't blow it. And here's what he's talking
3:32
about on this chart. Guys, this is a long term chart
3:36
of silver going all the way back to 1970.
3:39
Now remember 1980, 2011, OK, we formed a massive cup and then
3:47
from 2011 through now a handle which we obviously eventually
3:53
broke through way above $50 per oz.
3:56
What he's pointing out is that the periods over that last 50
4:00
years where we had big bull runs in silver lasted 8 years, right?
4:06
Eight or nine years then I I probably know I am not thank you
4:13
upstairs Susie sorry about that guys again quickly there's the
4:17
cup right there's the handle from 1980 through 2011 and then
4:23
we broke out what he's pointing out you didn't miss the
4:26
important part is the Gray area right there that's the
4:30
eight-year bull run that's another eight-year bull run.
4:34
What he's talking about is that we should be in for, I can't
4:38
even go that high on my screen, another eight-year bull run.
4:42
When you you look at those moves and you look at it in that
4:45
context, this idea of 200 dollar $300 silver is absolutely within
4:52
the cards. As we as we're going to be
4:54
moving through what I think and what I definitely believe will
4:58
be a decade of strong support for the silver price, but also
5:03
the gold price as well. What about Michael Saylor, the
5:06
guy who's big on Bitcoin? Somebody we've got some
5:09
groundbreaking, the research that was done comparing Michael
5:13
Saylor had bought all this Bitcoin through through this
5:18
company micro strategy, which is great.
5:20
I'm not, I'm not. I love crypto.
5:22
I love gold, I love silver. I'm not putting it down, but
5:25
it's very interesting to see what would have happened if he
5:28
had bought silver instead of Bitcoin.
5:31
Let's check this out. It's right here we go.
5:37
This came from, I think it's Weimar.
5:40
If I remember Weimar's web page, the silver counterfactual if
5:44
Michael Saylor had bought silver instead of Bitcoin.
5:48
Strategy Inc has deployed roughly 59 billion into Bitcoin
5:53
across 100 plus dated tranches since August of 2020.
5:58
This page takes each of those tranches, date matched and
6:01
rescores the allocation into physical silver at the
6:05
prevailing spot price at the time and then marks that to
6:08
market today. So here we go.
6:11
He deployed, OK, the basis of comparison, right, 59 billion,
6:17
basically Bitcoin, that value of that today is about 58 billion
6:23
down just a little bit, 1.4%. Had he instead put that money
6:28
into silver, the net asset value today even at the price that
6:34
we're at today would have been $133 billion showing how silver
6:40
but also gold, right? We see these unbelievable, we
6:42
looked at it yesterday, the NASDAQ priced in gold over the
6:48
this entire century starting in the year 2000 and the NASDAQ in
6:53
gold is actually down 35%, I'm sorry, 65% versus in nominal
6:59
terms being up. So very interesting the
7:01
performance that we've had in the silver and gold market.
7:04
Let's Speaking of which, let's go ahead and take a look.
7:07
Hey, look at their guys. This is the spot price of gold
7:10
and silver live at 10:30 AM Central Time on the 20th of
7:15
April. And we're looking better.
7:18
Heck, earlier this morning we were down $2.00 per oz and
7:21
silver we are bumping up against $80 per oz gold at 4807 above
7:29
4800. So we will keep an eye on that.
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Hold on here, guys. Well, I don't know why we're
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having a little tech issue right now.
8:22
Hold on. Let me check in with upstairs.
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Susie. Susie, can you see the first
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Mint site on your screen? What do you mean?
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Am I sharing the first Mint screen?
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No, I mean, I see a screen. OK, OK, thank you.
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For some reason on my monitor it's showing up green.
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development stage projects in Canada, Spring Pole in Ontario
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and Duparque located in Quebec. Next, let's go look at let's get
9:30
an update on the paper trading the make believe silver, the
9:34
Comex silver and the dude shares with us that we've got an
9:41
interesting development three, I'm sorry, my screen is really
9:45
looking screwed up. 336 million paper ounces of silver were
9:49
traded on Friday. The COMEX had 15 deliveries.
9:54
He says Weird that an escalation of war would result in gold and
9:57
silver going down. What if price floor
10:00
announcements are coming and they want lower prices to cash
10:04
settle the accounts? And the take away here is
10:07
336,000,000 ounces of silver traded.
10:11
That's approaching, right? Like what, 40%?
10:14
Thirty, 8% of the world's mining output of silver for an entire
10:20
year, and they're trading that in one day.
10:23
And that was just on Friday. Now let's get to this major,
10:26
major big news for silver from China.
10:30
This is astounding. And we're going to analyze it
10:33
from a couple different perspectives and talk about what
10:36
it means as we move through the rest of this year in the silver
10:40
market. But this is some breaking news.
10:42
We're going to go out to the Financial Post, who shared with
10:47
us China's silver imports jump to a record on retail and solar
10:54
demand. OK, China imported a record
10:57
amount of silver. When was that, you may ask?
11:01
OK, The world's biggest silver consumer, that would be China,
11:05
imported around 836 tons. You may be wondering how many
11:11
ounces that is. I'll share that with you in one
11:13
moment. Last month that was March,
11:16
extending a strong run of inbound shipments so far this
11:20
year according to Chinese customs data that came out on
11:23
Monday. That compares, excuse me, to a
11:27
10 year seasonal average for March of about 306 tons.
11:33
So they imported 836 all right, and on average over the last 10
11:38
years they only imported 3. They went from 300 to 800 tons
11:43
of silver. There's a little more data.
11:45
The demand was bolstered by retail investors piling into
11:49
small silver bars, an alternative to pricey gold, and
11:54
solar manufacturers front run front loading production ahead
11:58
of the removal of the export tax rebate on April 1st.
12:02
The solar industry consumes about 1/5 of the annual supply
12:06
and is overwhelmingly located in China.
12:11
Still, the high rate of imports is, they say, unlikely to
12:15
endure. So we aren't going to be
12:16
expecting another, another 836 tons.
12:21
But guys, 836 tons, according to my mathematics, is equal to
12:27
25,000,000 ounces of silver in one month from China, right?
12:33
China and India are becoming the world's dominant force when it
12:37
comes to demand for gold, demand for silver.
12:42
We're going to keep a close eye on that.
12:44
But let's look at it on a chart basis just to see how astounding
12:48
this data actually is. This came from oh, Tavi Costa,
12:54
the man. He said what a fascinating
12:56
chart, a real sign of the times. You can't put the
13:01
deglobalization toothpaste back in the tube, OK?
13:05
And then he says thank you to shy girl for this chart, but
13:09
check this chart out, guys. OK, that orange line right here,
13:15
this orange line going all the way up here, that is March, OK,
13:19
this shows how much how how much silver was imported into China,
13:29
OK, for each of these months. And then each colored line, you
13:32
can see orange here is 2026, right?
13:36
And they've got all the last 10 years.
13:39
As you can see, all the last 10 years are down here.
13:43
We never, I mean, that is crazy. We never got above like 500.
13:48
But last month China imports 836 tons of silver.
13:55
Think about it and think about that within the context of
13:59
what's going on in the world geopolitically with the war
14:02
situation. Think about what's going on in
14:05
the world with the fiscal situation.
14:07
I don't know. What do you think?
14:08
To me, that seems very interesting.
14:11
The China suddenly imports this massive amount of silver that's
14:16
higher than anything according to that chart that we've seen
14:19
over the last 10 years. And the other big key take away
14:24
for us to remember is that at the end of the day, OK, supply
14:29
and demand will dictate the ultimate price, the ultimate
14:33
value of silver and gold as well.
14:36
But we're focused on silver right now.
14:39
We can look at all the charts in the world, all the different
14:42
things, all these different factors, but bottom line, OK,
14:46
supply and demand, basic economics, everything in life
14:49
that's important is usually very simple.
14:52
And it's very simple. Physical demand for silver
14:56
continues to go up at a rapid, at a rapid pace.
15:00
Think about the supply. The supply of silver coming from
15:03
the silver mines is stagnant at best.
15:06
Most people who were going to, you know, trade in grandma
15:09
silverware, a lot of those. Excuse me, hold on.
15:15
A lot of those people did that over the last year while we had
15:19
this massive price spike where the data that we're getting
15:23
about silver truly, truly is just absolutely astounding.
15:28
OK, now let's go to gold. But wait, there's more.
15:32
We've got a gold bonus with China.
15:34
More crazy news out of China. First one comes from the the
15:37
friend of the channel, somebody we love this Oriental ghost, he
15:42
says over the weekend, right news from the ground in China,
15:47
physical gold bars on jd.com. jd.com, just so you know, is the
15:53
Chinese equivalent of Amazon.com.
15:56
It's the Chinese Amazon.com OK and they surged right?
16:02
They went from, I thought, well, basically I'll say it in U.S.
16:06
dollars from 4980 all the way up to $5171 per oz.
16:14
You got to believe, right, that that the Chinese and the Indian,
16:18
Indian country Indians love their gold and love their
16:22
silver. And this is where it gets
16:24
interesting. So I wanted to dig into this a
16:26
little more. You guys have been asking a lot
16:28
about this. How much gold do Chinese
16:30
households own? Well, based on current 2026 data
16:34
and industry reports, Chinese household gold ownership is
16:38
estimated to be around 31,000 tons.
16:41
This makes Chinese citizens some of the largest private holders
16:45
of gold globally. Remember, 31,000 tons is roughly
16:50
4 times more gold than the United States supposedly has in
16:55
Fort Fort Knox, following closely behind Indian
16:59
households. Because Indian households have
17:01
even more It's estimated that combined, Chinese and Indian
17:05
households have 60,000 tons of gold, and there's only 220,000
17:11
tons of gold in the world. That would be what almost
17:16
probably 28% of the world's gold is owned by Chinese and Indian
17:22
households. The following breakdown details
17:24
the scale of these holdings and the trends driving them.
17:28
OK, blah blah blah, let's go down here.
17:31
OK, so that's Chinese 31,000 on global contacts.
17:34
Indian households have roughly 35,000, although I saw the other
17:39
day 39,000. This is what's interesting.
17:42
US households, I didn't realize this, follow China with
17:46
approximately 26,000 tons. So US Americans, while our
17:53
government supposedly has 8000 tons.
17:56
I mean, I I'm not, I'm not. There's speculation about that.
17:59
I'm not casting doubt on Fort Knox, but wouldn't it be nice if
18:03
they actually showed it to us? But American households have
18:07
26,000 tons of gold? I had no idea.
18:10
Yeah. What are you like?
18:11
Are you sitting in your basement with piles of gold all around
18:14
you? OK, so between Chinese
18:16
households, Indian households and US households, we're
18:19
talking, what, almost 90,000 tons, 85,000 tons of gold.
18:24
That's well north of 1/3, probably getting close right to
18:29
40 percent, 45% of the world's gold.
18:33
Now, while we're on that subject, let's go back to China.
18:36
Let's do an update. It's been a couple days on the
18:40
wrong screen. There we go.
18:42
I got you up. Hey, Oriental Ghost, we
18:45
appreciate you all the data that you provide all of us in the
18:48
stacking community, including your daily report from the
18:51
Shanghai Gold Exchange and the Shanghai Futures Exchange where
18:55
we can clearly see right, Is there a premium?
18:59
Are people in China? This is this is the Shanghai
19:02
Gold Exchange, the SGE that is China's physical market.
19:07
OK. You have to have the physical
19:09
metal to trade in China. I've heard that it's like 99% of
19:14
the trading that goes on the Shanghai Gold Exchange is
19:17
physical metal, a little different than what we have at
19:20
the COMEX in the LBMA in the West.
19:23
So that's silver on the Shanghai Gold Exchange closing at $90.00
19:29
per oz. Let's go take a look real
19:31
quickly and then we'll come back and see something more, even
19:34
more. OK.
19:35
We're down at dollar 4, but we're it again, $80.00.
19:40
So we're basically seeing a silver price.
19:44
Yeah, $10 higher. And OK guys, upstairs.
19:54
OK, cool. Thank you.
19:56
Upstairs Susie chimed in. She is demanding that you give
19:59
this video a thumbs up and when we get to 200 we will ring the
20:03
cowbell. And trust me, you want to keep
20:05
upstairs Susie on your good side.
20:07
But in the interim, while you're pressing that thumbs up and
20:11
subscribe button, we're going to go out here to Co relation
20:13
economics that pointed this out. The Shanghai Silver premium is
20:18
now approaching 14% and doesn't that make sense?
20:22
What's? 80 times of the US, the Western,
20:28
I'm sorry, the LBMA spot price on silver at about 80 * 14%
20:33
would be, yeah, about $11.00 per oz.
20:36
Look at this chart. There it is again.
20:38
OK, they are paying more, right? The blue line right here is the
20:44
Shanghai Silver Premium in percentage.
20:49
And as you can see, right, it was up right about you can
20:53
barely see it because it's getting covered right about
20:56
there right at 14%, guys, it is undoubtable.
21:00
Right now the reason why we look at that, the reason why that's
21:03
important because we looked at like gold purchases, all right,
21:07
which is also going to be true for silver.
21:09
Look at the data we just got out of China for silver.
21:12
China, India and the rest of Asia are accounting for like the
21:17
lions share of that. They already own a lot of gold
21:21
and silver, no doubt about it, but they're also accounting for
21:25
a lion's share of the purposes. I don't have the chart.
21:27
I pulled it up two days ago for you guys.
21:29
But like between China, India and the rest of Asia, the United
21:34
States was like 12 or 14%. They're buying like more than
21:38
half of the world's gold and silver.
21:41
They are taking over. I know the reason why we want to
21:45
pay attention to that is if you're joining me from a Western
21:48
country, country like the United States or Canada or even Western
21:52
Europe, maybe even Australia, although the Australians are
21:55
buying a lot of metals, but none the less, we live in a in a
21:58
bubble and we don't realize the world gold and silk, it's a
22:02
worldwide market in those countries are taking over, no
22:08
doubt about it. And what's even more interesting
22:14
about the whole point is that their economies are also the
22:19
most rapidly expanding in the world.
22:22
In India alone, right? It's estimated that in the next
22:26
5 years they're going to have 100 million new people going
22:31
into the consumer class. And what do they love to do with
22:35
their money? They love to buy gold and
22:37
silver. They don't like paper money.
22:39
They're they're already, they're all tinfoil.
22:45
Tinfoil, Hey, a conspiracy theorist like us right from from
22:50
birth, they learn it, they're taught the value of gold and
22:54
silver. It's a worldwide market.
22:57
It's decentralized, it's democratized, it's everywhere.
23:02
And when you've got 1.4 billion people in China and another 1.4
23:09
billion people in India that are living and rapidly expanding
23:14
economies that are already buying the lion's share of the
23:18
world's gold and silver, right? It only paints one picture.
23:21
I mean, is I hopefully it's becoming clear for you.
23:24
It's very clear to me. And then, but wait, there's
23:26
more. You've got the United States,
23:29
right? And we were, if you live in the
23:30
United States like I do, I'm here in Saint Louis, we price
23:34
everything in dollars and this make believe, right?
23:37
So is the world China and India take over.
23:40
We're over here saying, well, gold's $80.00 an ounce, right?
23:43
We're pricing it in this rapidly depreciating paper money.
23:50
It's a wild setup. It's literally, quite literally
23:53
like nothing we've seen before. But Oh my gosh, I've got some
23:55
bad news now. I'm sorry I got to deliver some
23:58
bad news. But maybe there's some good news
24:01
buried in the bad news. And that is ETF marrying
24:05
Catoosa, the man, the myth. He's been around for a long time
24:10
from Catoosa Research when he doesn't talk often on X.
24:14
But when he does pay attention, he says nine months of buying
24:22
gone in one US gold ETF had nine straight months of inflows.
24:28
For nine months, people were putting more and more money into
24:31
the gold ETF. March wiped them all out in a
24:35
single 13 billion record outflow.
24:39
So two thing, OK, look at that. I know it's ugly.
24:44
OK, there's the US, the United States is the blue line on this
24:49
chart. OK, here's March 2026.
24:52
Yes, right. Woo, down she goes.
24:55
That's money coming out of the gold ETF in the United States.
25:00
Two things that I think are, are, are positives that we can
25:04
look at in this. Number one, Despite that the
25:07
gold price is doing really well. It's not like that money came
25:12
out. And if that had happened like
25:15
let's say 10 years ago or I don't, I'm pretty sure the GL
25:19
anyway that happened 8 years ago, that would have had a major
25:23
negative impact on the gold price.
25:25
Yes, gold went down during March, no doubt about it, but it
25:28
didn't crash. Here we are sitting today with a
25:31
gold price within striking spitting distance a stone's
25:35
throw of $5000 per oz. So the key takeaways that
25:39
despite despite this, what some people may say was a a headwind
25:45
for the gold price, we crash The other thing like we were just
25:50
talking about, guys, hold on, let's get all that off there.
25:53
Let's go to red China. OK, China is the red line.
25:58
Do you notice something? OK, here's Chinas, right?
26:01
They, yeah, they had a little bit of outflow.
26:05
Oh no, I'm sorry. Inflow.
26:06
That's positive. They actually had an inflow
26:09
during March. China, right?
26:11
Who's again, did I say this already?
26:14
China, who's becoming along with India, the price setter, right?
26:18
The price discovery mechanism for gold and silver.
26:21
They didn't dump gold. No, they actually went up during
26:26
that period. And the other thing, the third
26:28
thing, see if I can remember all these, all the weekends are
26:33
gone, right? All those people in the United
26:37
States, although those people who dumped in March, they didn't
26:40
apparently really understand or believe in the long term story
26:45
behind gold and silver, right? Those people, they went from
26:49
being one of us basement dwellers back to the herd of
26:53
what we like to affectionately refer to as sheeple, right?
26:59
They're like, oh, we don't. We're going to buy, we're going
27:01
to trade our gold and we're going to get dollars.
27:03
Well, good luck to them. I think they they, they're they,
27:07
they may regret that decision at some point here in the near
27:10
future. Let's check in.
27:11
We got one more. We got 200.
27:14
All right, guys, And you know what?
27:15
I'm going to ring the cowbell in one second.
27:18
We got one more big, big, big thing to look at right now.
27:21
And that comes again, a little scary.
27:24
Don't shoot the messenger, but some really scary news about
27:29
what's going on right now in the US stock market.
27:32
Our friend at bar chart says just in the stock market reaches
27:36
the most expensive valuation in history because the Warren
27:45
Buffett indicator has now jumped to 227%, surpassing the.com
27:51
bubble and what led up to the great financial crisis.
27:56
Wow. And just so you know, this is
27:58
called the Warren Buffett indicator.
28:00
It compares the Wilshire 5000, which is it's it's, it's the
28:04
small cap or no, it's the biggest grouping of stocks.
28:07
I don't think it's all small caps.
28:09
I said that wrongly versus the GDP, OK ratio and we are at a
28:15
higher level than apparently any other time in history.
28:22
So be prepared, OK, Because stocks, they just go up and up
28:28
and up and up until they don't, OK?
28:30
And I think that when the hens come home to roost, people that
28:35
are invested in silver and gold, and I personally also believe
28:38
precious metal mining stocks will be very glad that they did.
28:42
Oh my gosh, I forgot to tell you guys.
28:45
If you want a fun way to store anything that might be valuable
28:49
to you, don't forget check out Dirty Man Safe.
28:51
You bury these in the ground, they open up at the bottom.
28:55
All right, I've got a oh, I got a plastic Unicorn inside this
28:58
one, but you can put whatever you like in these.
29:01
Super cool, very well made. You bury them in the ground.
29:05
You can learn more about it at dirtyman.com.
29:08
Great company, great people that own and run this and there's a
29:11
discount code Ron ten, check it out.
29:15
It's what the pirates did. It's how the pirates stored
29:17
their their valuables back in the day.
29:20
I do want to say a special thank you.
29:23
Oh my gosh, ODBG is back. He's an old school basement
29:29
dweller. He says corruption and its
29:31
finest. Ron.
29:32
China up 2% in the rigged Western system, down to down to
29:37
percent 79, while China is pushing $91.00 per oz in the
29:42
silver market. Yeah, we are seeing a premium
29:46
for physical silver in China, right?
29:49
That is like what 12/13/14, 15% over what the Western right, the
29:56
OBMA and the Comex Primex, as some people call it are saying
30:00
that, excuse me, the price of silver is it truly is a bunch of
30:06
bunk. And again, I'll say it for the
30:08
third time, remember what what price are people starting to pay
30:13
more attention to? They're starting to pay more
30:15
attention to the price in India and China, which is which is
30:20
consistently much higher than what the COMEX in the LBMA are
30:25
saying. The prices at some point that
30:28
arbitrage and arbitrage is a fancy way of saying I'm going to
30:31
buy something cheaper like silver in the West and ship it
30:36
to China, I mean, and sell it to China.
30:40
And apparently when it comes to silver, last month in March,
30:43
because China had record silver imports, there were some people
30:46
that were taking advantage of that opportunity.
30:49
Hey, thank you guys for the thumbs up.
30:51
Let's ring the old bell, right? The old 200 thumbs up cowbell.
30:58
Super appreciate you guys being here, man.
31:00
It's going to be a wild ride as we move out here into the future
31:04
with silver and gold. But we'll do it together.
31:07
We're basement dwellers. We know the long term story.
31:11
There will be short term noise. I mean, remember, right, we got
31:14
the situation in the Middle East that since we've been on this
31:18
live stream together, who knows, they may have reopened and
31:21
reclosed the Straits of Hormuz during the last 30 minutes.
31:25
There's we don't know what's going on with the peace talks,
31:28
if that's going to happen or not.
31:30
I thought that was supposed to be today, but now it's tomorrow.
31:33
You know, we don't know what's ceasefires.
31:36
It's just, it's a, it's a really volatile, uncertain situation.
31:41
But again, please, right #1 all of us be safe and we don't like
31:46
war and we'd like to see all this come to an end.
31:49
But what we know for sure is one thing.
31:52
Silver and gold over thousands of years have been through all
31:56
types of situations pretty much identical to what we are living
32:01
through today. Our great, great, great, great,
32:03
great, great, great to the 90th degree grandma and grandpa, you
32:07
never know, we might be related, right?
32:10
They, they would have survived anything with physical silver
32:14
and physical gold. And the same thing is true
32:17
today. Think about what's going on in
32:19
the world, all the noise, all the everything, but what's the
32:23
data tell us? What are the world central banks
32:25
doing? They're buying gold.
32:28
Think about that one. All right, guys, thanks for
32:30
being here. Super appreciate you.
32:32
Have a great rest of your day and I'll see you.
32:35
And yes, I see you. I'll see you next time.
32:37
Bye. Bye.