Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **Gold Price** Critical Info YOU Must hear - (SILVER Price News Update too)

Transcript

**Gold Price** Critical Info YOU Must hear - (SILVER Price News Update too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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We are in the midst of one incredible ride for the gold
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price, for the silver price, for the precious metals mining
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prices. We're going to look at some
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crazy data today, $15,000 per oz gold.
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What about $500 per oz silver? I know it sounds unbelievable,
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but remember in 2001 when the silver price was below $5?
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The thought of $50 silver just 10 short years later seemed
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unbelievable. So Please remember, anything is
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possible. The most important thing that's
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going on right now is that you decided to join me down here in
0:42
the basement. Thank you, thank you, thank you.
0:45
It's a big honor when you join me.
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Please subscribe to the channel. We love to talk about the
0:49
precious metals. We love to analyze what's going
0:52
on. And you're a big part of Ron's
0:54
basement. So please come back, leave a
0:56
comment in the comment section. Let's dig in and let's get
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started by talking about $15,000 gold.
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This comes from an analyst that I love to follow named Grati and
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he has been very accurate in the past.
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He says right now in red gold is in a 45 year parabolic slingshot
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move posted on the blue breakout in the link post below.
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The target in yellow is $15,000 per oz gold.
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He's had that target since years back and it might be raised even
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further. All bull markets do have pull
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backs. OK, now let's go look at his
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chart and see what what he is showing us, which is actually
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quite interesting, right? If we go back, we can see gold
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consolidated OK during this period right here and then had a
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breakout. We went through another
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consolidation period. Remember we had this big cup in
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handle right here that we recently then broke out of and
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what he is seeing as the third and final bowl phase that could
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get us to a 15,000 hold on almost done per oz gold price.
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And when we think about the fundamental factors, right, the
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money printing, the way the world has changed, look, when we
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just look back at 19, seven, the 1970's, the last time that we
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had an incredible run, everything is the same in a lot
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of ways, but even more extreme right now.
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A couple examples of that, the United States national debt is
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way more extreme. They printed way more money.
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They're going to need to print way more money than ever went on
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in the 1970s. Geopolitically, the world is way
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different. There's more geopolitical strife
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right now in the world than many of us have experienced during
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our lifetimes. And gold and silver have always
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been safe haven assets. In the cherry on top of that, if
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you take a step back in factor in China and India right in the
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1970s, look, they were countries, they existed, but
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they were basically nothing burgers from an economic
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standpoint. Now both of those countries,
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both with 1.4 billion people who love silver and gold have become
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economic powerhouses. Guys, we are in unchartered
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territory when it comes to the price of silver and gold.
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I want to say thank you to channel sponsor First Mint for
3:37
making these broadcasts possible.
3:39
They're a silver mint in Las Vegas, NV.
3:42
They're owned by First Majestic Silver, who mines silver in
3:46
Mexico, ships it to the mint in Nevada in the United States, and
3:51
then it goes directly to you. So 2 important things there.
3:54
Number one, it's the freshest silver right out of the ground,
3:57
right to the mint, right to you. But also, did you notice
4:00
something? There's no Comex, there's no
4:03
LBMA getting their sticky little fingers onto the silver that you
4:07
can get directly from First Men. I'm going to bring you out to
4:10
their website so you know where to go.
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Here we are at First mint.com. All of their products are
4:17
unique. I have all of them.
4:19
They are awesome, top quality, I think the best bullion products
4:23
out there. You're the dragon, the Las Vegas
4:26
round, which is super cool. You're the snake and the Buffalo
4:30
round with the Indian Head that I love.
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I want to show you there. You go to their store.
4:35
They also have bars, 5 oz, 10 oz rounds, accessories.
4:40
But this is really cool right here.
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The Folds of Honor, if you click on that, they've got a line of
4:46
three products that benefits the Folds of Honor Foundation, which
4:51
gives academic scholarships to children and spouses of fallen
4:56
and disabled members of the first responder and military
5:00
communities. There's the three different
5:04
products they have. There's the 10 oz Fold of Honor
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American Flag. Let me show you.
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Well, you know what, let me go back to that.
5:10
Hold on here. I want to show you if you go
5:13
down further, you can see that they've now funded over 75
5:19
scholarships with their donations, which have totaled
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over $375,000. And one last thing I want to
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show you, it's underneath Susie here.
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This is the 10 oz Folds of Honor bar.
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It's the folded American flag. It's very awesome.
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So thank you. First meant for sponsoring Ron's
5:38
basement. Let's talk about silver.
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Let's talk about $500 silver. How do you like the sounds of
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that? Let's go out and see why, why we
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can, why we can think that that could be a possibility in our
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future. Here's a post from Vince
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Lanchey. He's one of the analysts out
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there that I followed closely. Super smart guy, very good guy.
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Hold on just one second. Sorry guys, I've been fighting
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off a cold. But Vince points out something
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very interesting. Here's the here's the graphic
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we're going to look at in a little bit of how much silver
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exists in the Earth's crust and mining output.
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But listen to what he says. There's a big reason why we want
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to pay attention says when gold is money and unaffordable,
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unobtainable in the future, that will force other commodities
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that actually have use to trade more in line with their natural
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occurrence. What does that then make silver
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worth, given its ratio and it being the only available store
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of value known in circulation, completely free to own and use,
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and easily measured on earth? Answer.
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Silver becomes gold in ratio form in green.
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It will likely trade under 8 to one for a time someday when gold
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becomes unavailable. Someday when they cannot buy
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gold, they will pay much higher for silver.
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That's true FOMO and we know. We looked at a graphic the other
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day. Guys, there's not that much gold
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left on earth. What is it like a 72m by 72
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meter cube that can be mined in the future?
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So this is not out of the out of the question.
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His graphic shows this in the Earth's crust, right?
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For each one ounce of gold, there's 17 ounces of silver.
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But when it comes to mining output, for each one ounce of
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gold, there's 8 ounces of silver.
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If the gold to silver ratio, where to get down to 8 to one at
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$4000 gold, We don't have to be Albert Eisenhower or have a math
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degree from from MIT to realize that would give us $500 per oz
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gold in today's environment. Only imagine what could happen
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if the gold price were to go very, very higher.
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Are you A1 percenter? Are you part of the 1%?
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And there's a, there's a good secret meaning behind this.
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This got posted the other day by the Silver Crusader who says,
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are you a 1% stacker? All right, How much silver do
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you need to be in that group? 1000 oz.
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If you own 1000 oz, you are part of the 1% elite stackers.
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But I want you to think about this, what that also tells us
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and whether or not you're in that group, whether you have 10
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oz 100 ounces, 1000 or 10,000 oz, the fact that you are a
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silver stacker put you in a very elite group of people.
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The reason why that's important is because in times in the past
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when the herd, right, your aunt, Aunt Kathy, your Uncle Dick
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decide that it's time to buy silver.
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The normies, right the, as we like to call them, the sheeple
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that are out there guys, there's not going to be any silver left.
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Now, I don't have a crystal ball.
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Don't make any financial decisions based on what I'm
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saying. However, however, I foresee a
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time when people do wake up, the silver's going to be darn near
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impossible to find. Let's go check on the silver
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price right now and see what's going on in terms of
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backwardation. Now backwardation is when the
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spot price is higher than the futures price.
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So let's go check the spot price of silver.
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We're out here at Kitco and as you can see in the big black bar
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at the top world spot prices. Wow, look at silver.
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Hi ho silver, what a day. The current spot price of silver
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$48.23. Now let's go out to CNBC and
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take a look at the futures price.
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This is what it cost to get silver that would supposedly be
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delivered in December under $48 per oz.
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And as you can see right here where my cursor is, that's the
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December contract. Again, that's for silver that
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would supposedly be delivered to you in December.
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So under 48 in the futures and almost a full 20 or $0.25 higher
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in the spot market. Why do we want to pay attention
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to that? Very simply, that's called
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backwardation. That's unusual.
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The futures price should be higher than the spot price.
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When the futures price is lower than the spot price, it
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essentially means one of two things.
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Number one, right, which we don't think is the case.
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It means that people think that the price of silver is going to
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go down in the future. But what most people are
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speculating or let's say discerning from what's happening
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right now is the fact that the that the spot price is higher
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than the futures price is because there's some fear that
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that silver in the future will not be available to be
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delivered. So we're going to keep a close
11:26
eye on that. It's very important to do.
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We talked about Gratty's $15,000, a gold price
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prediction. Let's go take a look at a This
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is crazy list of about 15 different major banks, major
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financial institutions, and what they're saying about gold.
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And the reason why we want to keep an eye on gold as also
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being silver investors is because gold is the granddaddy
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of the precious metals. Let's run out here and take a
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look at what they're telling us. Here we go.
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This came from CN Wire says major brokerages and agencies
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are raising their gold price targets, pointing to higher
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levels in 2026 and beyond. Take a look at this list, guys.
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And you know what? I'm going to put it back on the
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other screen. Let's see if I can make this
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bigger. I don't think I can.
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Nope, I can't. So we're going to go back to the
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other screen, OK, These are the low ones.
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The World Bank is the World Bank, right?
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Maybe they have a reason why they're saying a gold price of
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3500. Citibank says 3800.
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But here we go. Goldman Sachs 4400, Morgan
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Stanley 4500. And I'll let you read in the on
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the right hand column that like for Morgan Stanley, that's mid
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2026, Wells Fargo as high as 4700, UOB says. 4600 UBS, right,
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the giant Swiss bank. We're going to dig into that
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here in a little bit because they have some crazy interesting
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things to say about the gold market. 4700 Goldman Sachs
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latest 4900 at the end of 2026 L BMA Representatives 4980 and I
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believe that comes out of the recent LBMA, the London Billion
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Market Association major conference they had.
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I believe it was in Japan, HSBC, Bank of America and Sak Jen, the
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big French bank, all three of those major financial
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institutions are predicting $5000 gold in 2026, JP Morgan
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5055 and we know they can have a little influence on the gold
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price, Goldman Sachs 5055 and again, JP Morgan.
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So these are all being updated, but what they're showing us is
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that is that the big major financial institutions are now
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paying attention to gold and silver.
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Silver will be next. Now next we're going to look at
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a interesting, a set of facts that were given to us by UBS,
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the giant Swiss. Remember Swiss bank accounts
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when we were younger, like the Swiss know everything.
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They're they're the big insiders.
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But before we do that, I do want to say thank you to 1st Mining
14:19
Gold. That's a stock I owned long
14:21
before they sponsored my channel and they're a company that's a
14:27
gold development stage company in Canada.
14:30
They have two huge, I mean huge gold development stage projects,
14:35
Spring Pole and Ontario du Parque located in Quebec.
14:39
Millions of Oz of gold in the ground, 10s of millions of
14:43
dollars have been spent drilling, defining these
14:46
resources for me. The way I look at it, when I own
14:50
the stock, it's like I own the gold in the ground in Canada in
14:54
those big major development stage projects in Canada are
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becoming more and more attractive because the the big
15:03
active mining companies that are making tons of money right now,
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they need to replenish their pipelines and they're looking to
15:10
grow and they're just aren't as a fact, many big multi million
15:15
ounce development stage projects in good jurisdictions.
15:19
You can learn more about them at first mininggold.com.
15:23
Let's go see what what UBS. Let's go to Kitco.
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Hold on one second here. Here we go.
15:34
And just a couple quick things out of this article from Kitco
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about the gold price. The gold correction is technical
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and temporary, and the next target is $4200, according to
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our friends at the Giant Swiss insider banking investment firm
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UBS. In yellow, the current pullback
15:55
in the gold market is only temporary and the yellow metals
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price is still on track to reach 4200 per oz, with an upside
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scenario of intensifying geopolitical or market risk
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driving it as high as fourty 700.
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In purple, the much anticipated correction has taken a breather,
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UBS said in a research note on Monday.
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Outside technical factors, we see no fundamental reason for
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the sell off. There was no fundamental reason
16:26
why the gold price went from 4400 down to 4000.
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But it's normal guys. We got to remember that.
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We looked at charts on Monday. The gold market during any of
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its previous major bull runs and the silver market, both would
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experience draw downs 10/15/20 even 25% of times in orange.
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UBS analyst also cited the World Gold Council's Q3 gold demand
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trends report, which confirmed very strong and accelerating
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buying from both central banks and individual investors.
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OK, So look, look, the central banks and we're going to talk
17:09
about that in a second. I got something very interesting
17:12
to share with you about central Bank, something you probably
17:15
have never ever thought of. But also investors around the
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world are just beginning to move into gold.
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And you know, silver is right there on its heels when those
17:28
people come, excuse me. And the number of people, the
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amount of money invested in precious metals could easily
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double, triple, quadruple or centuple, whatever it is.
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When you say 5 times, it's going to be game on like a flood of
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new money coming into the precious metals like we've never
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seen before. Because let's be real, over the
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last 10-15 years, it's basically been a ghost town, right?
17:55
But to go from a ghost town to a thriving city, to go from a
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small number of 1 or 2% of people owning metals to
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something like 5%, six percent, 8%, that's not that huge of a
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jump from a percentage perspective.
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But from a dollar perspective, from a, from a, from a Fiat
18:14
money perspective coming into the sector, it is a huge, huge,
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big deal. I want to share with you
18:22
something that I found fascinating about these world
18:25
central banks. I want you to think about this.
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OK, well, let, let's go. Let's look at it.
18:30
Let's look at something else 1st and then I'll give you this
18:33
incredible, incredible fact. OK, here we go.
18:39
This was shared by Make Gold Great Again.
18:43
For anyone who thinks you're late to the gold and silver
18:46
party, you're not late. The golden age has only just
18:49
begun. And he reposted this from Ronnie
18:52
Soferly. 4.5 built a trillion excuse me into cash. 2.7
18:59
trillion into equities, 2.1 trillion into bonds gold, just
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.1 trillion cents 2020 And look at this chart guys, as we can
19:13
see since the year 2020 down here in the lower left corner,
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OK, look at the gold line which is mismarked with color wise is
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cash. 4.5 trillion equities, 2.7 trillion bonds, 2.1 trillion
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gold, .1 trillion. We are still early.
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And when you look at gold, I want you to think about silver
19:38
as well, which many of us are very, very fond of physical
19:42
silver. It wouldn't even show up on this
19:45
chart. But what I want to share with
19:47
you now, take your high blood pressure medicine because this
19:52
may just startle you. Think about this.
19:55
If people say if we have 2% of the world's financial wealth in
19:59
gold, silver and mining stocks, we'll just use that.
20:03
I hear one percent, 2 1/2 percent, we'll say 2% of the
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world's financial wealth are in precious metals oriented
20:11
investments. But take a step back.
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That's tiny, that's small that has that can go to 510%.
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That's not the big, the big, the big cherry on top, the big
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kicker. The big kicker is this, when you
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consider the fact that while the world, the investors only have
20:30
2%, the world central banks now have 25% and some people say
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even much more of their assets in gold.
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What does that tell us? Because think about it, those
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are the world central banks. They're the people that print
20:46
money for a living. Where are they putting their
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assets? 25% of their assets or or more
20:55
are in gold. Thank you.
20:56
Susie wants me to say hi to some people.
20:58
Guys, I believe undoubtedly we are in the early stages of what
21:03
is going to be an unbelievable run for silver, for gold and the
21:09
precious metal mining stock. I apologize for having to mute
21:14
the microphone. I am fighting a little bit of a
21:16
cold. Susie upstairs asked me to say
21:19
hi to a few people. Hello, Jim.
21:20
I wonder if you. Like that?
21:23
So and can we hey, how about a thumbs up?
21:25
I forget to ask for that. And please, guys, I want you to
21:27
come back and join us here in the basement.
21:29
You're welcome here. I'll be here, right?
21:31
We're friends. You can make friends with other
21:34
people in this community. So please give this a thumbs up,
21:37
but also please subscribe to the channel.
21:40
It would be much appreciated. Hello, Mac.
21:43
Hello, Magic Moon and Jim D Magic Moon.
21:50
Marvis Chives. Hello.
21:52
Hello, Bob Brown. Hello.
21:54
Best video, Silver. Hello, Patrick Pearl.
21:59
And let's see. Let's see if we can get one more
22:01
we can say hi to. Who else is out there.
22:05
All right, if you want me to say hi to you, I'll do my best to
22:08
spite my voice. Hello.
22:09
Thomas Hall. Come on.
22:11
Say hi in the comments, guys. I'll try to read them as fast as
22:14
I can. Silvershire.
22:16
Hello. Hold on, let's check in with up.
22:18
This is upstairs. Susie, our lovely assistant.
22:22
Anyone else we need to say hello to Darling?
22:24
There's too. Many I can't read them all but
22:29
you did get 164 likes so baby, ring the gong.
22:34
Or gong. All right.
22:34
Yep. I'll ring the gong here in a
22:35
second. I want to say hi to a few more
22:37
people. Oh, here we go.
22:40
Wow. Hurwa.
22:41
Hello, Hurwa. Hello, Mac.
22:45
Hello American Prospector. Hello, Jason Rodney.
22:48
Hello, Shelly. Going.
22:51
Look at all these people. The important thing here to
22:54
remember, guys, is we are all over the world.
22:56
We are everywhere. Where are you right now, right?
22:59
Are you in your family room or in your car?
23:02
But where are you on the planet? Silver and gold are worldwide.
23:07
They they're everywhere. They're valuable everywhere.
23:10
And silver and gold have always been valuable.
23:13
Don't forget that, right? They're two of the most powerful
23:17
assets in the history of the world and everywhere in the
23:20
world. I'm going to ring the gong
23:22
because you guys showed up for me.
23:24
I'm going to show up for you. I really appreciate you being
23:27
here. Keep smiling, OK?
23:34
Keep being good to yourself and let's keep it up.
23:37
Let's go check. Let's go check.
23:38
What do you say? Let's go check on the gold price
23:40
real quick. Silver price, we'll go out here
23:47
and take a look at Kitco. OK, Silver still up $0.93 today.
23:52
What a day in the spot market. And gold up $47 per oz.
23:57
All right guys, thanks for being here.
23:58
Don't forget to subscribe #1 I want you to come back, OK?
24:03
And I'll look forward to seeing you.
24:05
Yes, you next time. OK, Take care.
24:08
I'll see you soon.