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🚨 SILVER PRICE NEWS 🚨 (13X Higher According to M2)...Gold Price Too! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  Right now we are involved in the most massive, important day
• 0:06
  ever. For Silver, we are in a war,
• 0:09
  right? Now in the silver market.
• 0:11
  Why? Is $30.00 so important we're
• 0:14
  going to talk about? That, but also we need to talk
• 0:17
  about 3. $190.00 silver on a day like today.
• 0:21
  Look, it's been painful, folks. I owe you a big apology.
• 0:25
  I had to move the live stream back by.
• 0:27
  One hour during that period. As.
• 0:30
  Punishment, I guess, from the. Silver gods, the price of silver
• 0:33
  got absolutely clobbered. It's nuts what's happening
• 0:37
  today. Let's look at the chart.
• 0:38
  And let's talk. About right now.
• 0:41
  This is off the cuff, I've got a lot.
• 0:43
  Organized and planned $390.00 silver Comex manipulation, all
• 0:48
  kinds of things to talk. About, but we need to go right
• 0:50
  to the chart. Right now and talk about why.
• 0:53
  $30 silver is so. Important today, right now.
• 0:59
  OK, let's look at this six month chart of silver.
• 1:03
  Let's take a second and be happy if you look back in mid.
• 1:06
  February right around Ronnie's birthday, where none of you?
• 1:09
  Guys sent me silver well a few of.
• 1:11
  You did nonetheless. We had a $22.00 silver price.
• 1:14
  Look how it has moved up all the way, right?
• 1:18
  We got up to 32. We got up to 30.
• 1:20
  Two again. Now two critical things are
• 1:25
  happening. Let's first talk about the.
• 1:26
  Trend if you go down there to the end of February and draw a
• 1:31
  line. You will see that we are.
• 1:33
  In an upward trend, yes. We were at $22.00 over.
• 1:38
  Just three months ago, yes, we're at 3130 thirty now, gosh
• 1:43
  only knows where we are, but nonetheless, we've come up, come
• 1:46
  up substantially. What, 28 percent, 27%?
• 1:50
  We do have a lot to be grateful for, but what's critical?
• 1:52
  Two critical things when you look at.
• 1:54
  This chart. Is we need to hold?
• 1:56
  This support I don't think you can.
• 1:58
  See my. Cursor, but if you draw.
• 2:00
  A line from that low point around the end of February and
• 2:04
  connected to that lower. Point right where it says.
• 2:07
  May and keep that line going up. To the left, you're going to
• 2:11
  hit. About $30 per oz maybe.
• 2:14
  A little bit under that's. Point number one point #2 to
• 2:18
  look at on this chart is. Look at that $32 level we.
• 2:22
  Bumped up against it recently, came back down to 30, bumped up
• 2:27
  against it, came back down and we're bumping up against it
• 2:31
  today. Now I'm not sure.
• 2:33
  It's going to be interesting to see.
• 2:35
  How this plays out some. People might call that a head
• 2:37
  and shoulders pattern, which would be very.
• 2:39
  Bad short. Term OK, although the head
• 2:42
  wouldn't really be sticking up. Above, but other people will.
• 2:44
  Point out a very important point about silver.
• 2:49
  It has tried to breakthrough $32 per.
• 2:52
  Oz now because today, guys. It bumped up against.
• 2:55
  It was like. 3187. That would be the third.
• 2:59
  Time and as far as I know, right?
• 3:01
  Triple. Tops are very, very unusual.
• 3:05
  Gold kind of did this. Before gold.
• 3:07
  Finally broke through that 2100. Dollar level.
• 3:11
  So today is so critical. I was talking with bald.
• 3:14
  Guy, don't be mad at me. I was talking.
• 3:16
  With bald guy money this morning, earlier today when?
• 3:19
  Silver was up right after those PCE.
• 3:21
  Numbers came out. We'll talk about those as well.
• 3:23
  And I told him, I said I don't know why, but based on my
• 3:27
  decades of following the silver market, I got a feeling that
• 3:31
  we're going to have one of those days where we end red.
• 3:33
  Now of course I had nothing to do with it.
• 3:35
  'Cause I didn't sell any. Of my silver, but he pointed out
• 3:39
  some interesting things. About the $30 level, he said
• 3:43
  today is the. Last day of the month.
• 3:46
  Today is the last day of the week, right?
• 3:49
  And I'll throw in there as well. That that $30 level is also a
• 3:53
  very important psychological level.
• 3:55
  And with my in depth extensive chart demonstration that I just.
• 4:01
  Gave you it's. Very important guys that we.
• 4:04
  Hold, hold, hold the $30 level. I'll be honest with you.
• 4:10
  I might just shut the lights out down here if we don't.
• 4:13
  Close above $30 today. Are they manipulating the price?
• 4:17
  Down because it's the end of the month because it's the end of
• 4:21
  the week. Because those dirty guys at.
• 4:25
  Comex and LBMA, the powers that be that don't want.
• 4:28
  Silver to realize its true value, which I think should be
• 4:31
  30. $390.00, we're going to get to that.
• 4:33
  Next. Right.
• 4:35
  Are they trying to push the price down?
• 4:37
  Below that, psychological are they?
• 4:39
  Trying to break us once again. Well, we're here to fight,
• 4:43
  right? Huh.
• 4:43
  Basement dwellers. And it's a big deal that you're
• 4:45
  here and you're here to fight. We're here to fight Silver.
• 4:49
  Squeeze Wall Street Silver. Silver.
• 4:51
  DGN Club, any of that stuff. Thank you, Chad Baker for that.
• 4:55
  Super Chad. Let's put you up there in the
• 4:57
  screen. Say everybody.
• 4:58
  Say hi to Chad Baker. That's awesome.
• 5:01
  Thank you. And we got another one as well.
• 5:03
  That we want to say hi to Mr. Lizard.
• 5:06
  Hello, Mr. Lizard. Thank you for the Super chat,
• 5:09
  but we're here to fight. We're here to fight together
• 5:12
  $30. This is a war today in the
• 5:16
  silver price. OK, what did I miss?
• 5:18
  Let's talk about briefly. I wrote these notes out.
• 5:22
  Earlier. And it.
• 5:23
  Applies just as well. When the silver price is down,
• 5:26
  OK. Because you want the real.
• 5:28
  Meat. You want to know what's really
• 5:29
  going on with the silver? Price But the big news story,
• 5:33
  right? The biggest news in the history?
• 5:36
  Of the markets was the PCE number that came out.
• 5:39
  Today, and it it it core PCE grew at its slowest.
• 5:45
  Pace inflation in three years, OK after a low monthly increase
• 5:49
  in 2024. Bionomics.
• 5:52
  Is a bunch of BS. That's what I wrote down in all
• 5:56
  of this action. I said it this morning when this
• 5:59
  price of. Silver spiked.
• 6:01
  After this came out, I said it's just noise, it's all short term
• 6:05
  noise. And you know what?
• 6:06
  We can say that same thing right now.
• 6:08
  It's just short term noise, yes. $30 is critical, but guys, you
• 6:14
  got to. Remember, with this silver price
• 6:17
  right, we're having massive volatility.
• 6:19
  Lately we today. We've been between $32 and $30.
• 6:24
  That's like what, A7? Percent move in one day, 8% six
• 6:29
  point and 9:00. Whatever.
• 6:30
  Who cares, right? The.
• 6:32
  Point is, it's been a massive move, a massive volatile move if
• 6:37
  we're going to have big. Moves to the upside.
• 6:39
  We're going to have volatile moves to the downside as well,
• 6:42
  The important thing of course, for us to remember.
• 6:46
  Is that the? Trend remains moving upward and
• 6:50
  that's what we showed on that chart earlier, OK, long term,
• 6:54
  long term, all this. PCE all this BS statistics that
• 7:01
  that they're giving us. Just noise the reality.
• 7:04
  Is the value of the. Dollar will go down in the value
• 7:07
  of silver, even measured in real nominal, I'm sorry, terms.
• 7:12
  Dollar terms, Fiat, Unicorn, fart dust, whatever you want to
• 7:15
  call it. Paper money terms will go.
• 7:17
  Up, up, up. $390.00 silver. Silver.
• 7:20
  Do you think it's possible? Should it be 3?
• 7:24
  $190.00 today. My math works even better now
• 7:27
  that we're right around. $30 silver.
• 7:29
  OK, let's go check out. Let's go do a quick price check.
• 7:33
  Price check, price check. Here we go.
• 7:36
  Let's go out to our friends at Pinbec's.
• 7:39
  Oh. Yeah, I wish.
• 7:40
  I wish. We need to refresh that, OK.
• 7:43
  Silver down $0.78 Gold down $12.00.
• 7:46
  Everything's down. Platinum's down.
• 7:49
  A Palladium's down. Look.
• 7:51
  I always say, I always like to. Buy metals on on days.
• 7:56
  When the price is. Down because then at least I
• 7:58
  know. That I got a better price than
• 8:01
  if I bought it the day before. Look, maybe you bought some.
• 8:05
  Silver this. Morning when it was near. $32.
• 8:07
  But if you didn't, you can buy it right now.
• 8:09
  For a lot cheaper if. You decide.
• 8:12
  I always recommend prudence right and level headedness when
• 8:15
  buying precious metals. Dollar cost average, but if.
• 8:19
  You decide you want to buy some silver online.
• 8:20
  Do. Yourself a.
• 8:21
  Favor Check out Pinbex, throw them into the mix.
• 8:25
  Compare, compare, compare, compare what you get when you
• 8:29
  compare the prices for the exact same metal that you can get from
• 8:33
  Pinbex to the other online bullion dealers and then dig in
• 8:37
  to do some. Research Read What other?
• 8:40
  People have said in reviews about Pinbex, that's what I.
• 8:42
  Did over a year ago. Before I worked with them for
• 8:45
  the first time and I was sold after my first transaction.
• 8:50
  They can also help you. Out with an IRA conversion?
• 8:52
  If you ever want to convert. All or part of an IRA into
• 8:55
  precious metals. Now we got to get to the moment,
• 8:58
  the moment, one of the moments that you've all been waiting
• 9:01
  for. I know you know.
• 9:05
  Look, look, people are reporting.
• 9:07
  Me to the clickbait police. This guy puts out clickbait
• 9:10
  titles. Clickbait Thumbnails 3. $190.00
• 9:13
  silver. Hey, look Buttercup, if you
• 9:16
  don't like it. Go somewhere else because I
• 9:19
  believe in 390 and I don't. Want you to leave.
• 9:23
  But look, I wholeheartedly believe that we should have
• 9:27
  silver. Right now at 390.
• 9:29
  Dollars per oz. I'll tell you why.
• 9:31
  I'll show you why I'll. Show you the math behind why I'm
• 9:36
  saying that. OK, OK, let's see here.
• 9:41
  I have to ask you the question. 1st is silver more more more
• 9:45
  money than paper, right? This thing huh?
• 9:50
  Is this money money? Or is this?
• 9:55
  Money here. Here's an old Morgan Silver.
• 9:58
  Dollar. Look at that thing.
• 10:01
  Beautiful, isn't it? I would.
• 10:04
  Oh. Here we go, get a.
• 10:04
  Little shine on it, OK. Yet you have to ask.
• 10:08
  Yourself that question first, OK, you want to know?
• 10:12
  You want to know? How we get to three?
• 10:14
  $190.00 silver since 1980. This is astounding.
• 10:20
  Since 1980 when I was 10 years old.
• 10:22
  OK, I don't know how old you are.
• 10:24
  You need to answer that question.
• 10:25
  For yourself, but. Since hold on a second here,
• 10:28
  here we go. Since 1980, the money supply,
• 10:33
  the M2 money supply in this country has gone up from about
• 10:37
  $1.5 trillion. To above. $20 trillion or 13
• 10:45
  point. 33333. Into Infinity 13 * / 13 times
• 10:52
  the M2 money supply has gone up. Don't worry, we're gonna
• 10:55
  quickly. Review what that is but Silver.
• 10:58
  During that same period of time when the money supply went up
• 11:02
  over 13 times. The price of silver is.
• 11:06
  Down. OK, Down now.
• 11:09
  Let's go look at the what the M2 money supplies.
• 11:12
  Hold on here. Here we go quickly.
• 11:20
  This is from artificial intelligence, by the way.
• 11:22
  M2 is a classification of the money supply in the US that
• 11:26
  measures the total amount of currency, coins and other liquid
• 11:31
  assets in circulation. It's a broader classification.
• 11:34
  Than M1 which only. Includes cash outside of.
• 11:37
  Banks and checking accounts because it also includes more.
• 11:41
  Liquid Act assets like savings. Accounts, money market accounts
• 11:45
  and small time deposits. So the M2 is basically a
• 11:48
  measurement of all the dollars. It's gone up 13 times.
• 11:53
  OK, now, now think about this. Think about this.
• 11:58
  It was only. Able to do that because this.
• 12:03
  This thing right here is not connected.
• 12:05
  It's not based on anything. It's based on hope and
• 12:08
  confidence. Unicorn fart dust the printing
• 12:11
  press they can print. As many dollars as they.
• 12:13
  Want they did since 1980, they. Increased the number of dollars.
• 12:19
  By over. 13 Times Now I want you to look at this and I'm gonna
• 12:22
  zoom in on this. For you this says.
• 12:24
  Something different at the top. Do you see it?
• 12:27
  Yeah, it's a dollar. Right.
• 12:28
  Wrong. It's a.
• 12:29
  Silver certificate your dollars used to be used to be.
• 12:35
  A convertible 4 wrong one. Here we go, There it is, right
• 12:40
  there I. Zoomed in on it for you.
• 12:42
  See at the very top of that it says Silver certificate.
• 12:47
  This certifies. That there's on deposit at the.
• 12:51
  Treasury of the United States. Down here at the bottom, $1.00
• 12:57
  in silver payable to the bearer on demand.
• 13:02
  OK. If think about.
• 13:04
  This Now for a second. Think about this for one second.
• 13:07
  If they've kept our money. Backed by gold.
• 13:11
  Backed by Silver. For instance, OK, either either.
• 13:17
  The. Dollar right and they they.
• 13:18
  Printed. 13 times of either the. Dollar would have to have.
• 13:22
  Become for the same economy to exist right now 13 times.
• 13:26
  The dollar thirteen times more powerful, or the price of silver
• 13:30
  would have had. To gone up by 13 times and if
• 13:33
  you multiply the current. Price of silver.
• 13:35
  Which unfortunately right now is just.
• 13:37
  Above $30 per oz. Times 13 you come to 390 to me.
• 13:44
  It's very, very clear. Right.
• 13:47
  And to think about the fact. Just to think.
• 13:49
  About the fact that since. What is this?
• 13:53
  How does? This make you feel since 1980
• 13:55
  they've increased the amount of money, right?
• 13:58
  The Fed right printing leverage whatever you want to call.
• 14:02
  It they've increased that by 13. Times since 1980 and in 1980
• 14:09
  silver. Hit a high of $50.00, the price
• 14:12
  of silver. Is now $30.
• 14:14
  Went from 50 to 30 during the same period of time when the
• 14:19
  amount of dollars out there you're comparing right this and
• 14:24
  this. Is the silver certificate again
• 14:27
  OK this? Silver in this were the same
• 14:31
  thing. OK.
• 14:33
  This is This is a. A modern.
• 14:37
  Dollar, let me show. You what?
• 14:38
  It's the same as it. Is the same as this?
• 14:44
  Monopoly money. It's paper.
• 14:46
  OK, And they increase the amount of these by 13 times.
• 14:53
  They didn't increase the amount of silver in the world by 13
• 14:56
  times. Silver is so undervalued.
• 14:59
  I don't care what they say, and they are.
• 15:00
  Shaking, absolutely shaking in their boots right now.
• 15:05
  OK, are they manipulating? Let's go check out this great
• 15:08
  piece of work. Absolute wonderful piece of
• 15:12
  work. Bye.
• 15:14
  Again, the Silver Academy, John. Forrest Little.
• 15:17
  OK. Someone's rigging the silver.
• 15:19
  Markets each day at 2:00. AM Who's Roston?
• 15:22
  Ben Benham? OK, now all this meddling and
• 15:26
  tamping has become a boon. For the bricks, they.
• 15:30
  Understand this happens in the. West The West has lost.
• 15:33
  Control and Shanghai. Sets the silver.
• 15:36
  Price until silver is extinct, they are putting up a.
• 15:40
  Massive fight and guys, today is the day.
• 15:44
  I'm going to be watching this close and.
• 15:46
  Silver if we if we if we're able to close above 30, it's a very
• 15:50
  good. Sign if we close below. 30.
• 15:53
  I I'll be a bit deflated, I'll be honest with you, not I will
• 15:56
  not have lost faith in my friend Silver on a long term basis.
• 16:00
  But but but there are. Substantiated allegations that
• 16:04
  the. CFTC.
• 16:05
  That's the commodities in. Futures Trading Commission has
• 16:09
  taken actions to suppress or tamp down silver prices.
• 16:13
  To benefit the large. Banks involved in short selling
• 16:16
  futures contracts. Remember guys, there's an
• 16:19
  almost. Historic level of shorts.
• 16:22
  In the market right now. OK, right now.
• 16:26
  All right. They're they're gonna have to
• 16:28
  cover at some point. And if and if the physical
• 16:32
  market forces them, in fact, Shanghai forces them to cover.
• 16:36
  I made a video about this I'm going to put out over the
• 16:38
  weekend. That could.
• 16:40
  That could trigger. That could be the.
• 16:41
  Catalyst for Massive for these. Big banks that are.
• 16:45
  Billions and billions of. Dollars short.
• 16:48
  And silver to have to. Cover their trade.
• 16:50
  The CFTC declines everything. The acting CFTC chairman,
• 16:56
  Ralston. I've never heard that name,
• 16:58
  Beham confirmed the agency. Took steps to cap the price of
• 17:02
  silver which is described. As an unusual comment for a
• 17:06
  regulator to make the CFTC and I got.
• 17:09
  More proof that they're doing this, we're going to look at a
• 17:11
  little bit later, a letter. Was sent to be him questioning
• 17:14
  his comments about tamping down and controlling silver price and
• 17:18
  volatility. OK.
• 17:20
  What does? That mean when the.
• 17:21
  Head of the CFTC, the head of the agency that's supposed to
• 17:24
  oversee it says, Oh yeah, we take steps to.
• 17:27
  Tamp down silver and when you see this.
• 17:28
  Other evidence that I have. Here in a second it becomes even
• 17:32
  more. Crystal clear.
• 17:33
  There are accusations that the CFTC has ignored.
• 17:37
  Evidence of manipulation in the silver market.
• 17:40
  By large traders with substantial.
• 17:42
  Short positions in silver futures despite receiving
• 17:47
  thousands of complaints. Over the year OK the CF it is
• 17:52
  claimed that the CFTC. Has turned a blind eye to allow
• 17:54
  banks like JP Morgan. Who?
• 17:57
  Their CEO, Jamie. Dimon was just in China.
• 18:01
  Interesting right? Through practices like spoofing,
• 18:05
  triggering stop. Loss orders.
• 18:07
  Spoofing right, Making up make. Believe orders to.
• 18:10
  Scare people into selling their silver.
• 18:14
  That's what spoofing is. While the CFTC closed.
• 18:17
  An investigation in 2013 saying there was no evidence.
• 18:21
  Critics. Argue the agency did not
• 18:23
  properly evaluate the. Evidence or fundamentals The
• 18:26
  CFTC has maintained that its investigations on market
• 18:30
  surveillance did not find sufficient evidence of
• 18:33
  manipulation. The agency has brought cases
• 18:35
  against individual traders for. Spoofing and manipulation in the
• 18:39
  metals futures markets, but it has not implicated itself.
• 18:44
  OK. There are persistent allegations
• 18:46
  from. Critics that the CFTC has acted
• 18:49
  improperly to tamp. Down silver prices.
• 18:52
  At the behest of large. Banks The CFTC has denied these
• 18:56
  claims and states its investigations did not
• 18:58
  substantiate manipulation of the silver market.
• 19:02
  Remember something guys? And we got more proof to.
• 19:04
  Look at here. But remember something guys.
• 19:08
  Absolutely. If you are invested in the
• 19:11
  precious metals, you have got to understand this.
• 19:14
  Idea that this OK at the top. It says Federal Reserve note.
• 19:21
  This has a. Mortal enemy and that is silver
• 19:25
  and gold they do not want. The price?
• 19:28
  This is credit. That's all this is.
• 19:30
  It's a note, it's credit. It's not redeemable for
• 19:33
  anything, right? It used to be redeemable.
• 19:36
  Heck, three years. Ago I could get a.
• 19:38
  Mcchicken at McDonald's for one of these.
• 19:40
  Now it. Takes two of these, right?
• 19:43
  It's a note it's. Credit it's Unicorn fart dust.
• 19:46
  I hate that that's the fact. Right.
• 19:48
  I loved my country. I still love my country, but I
• 19:51
  really loved it even more. Back when it was this a silver
• 19:56
  certificate, right? Redeemable for silver.
• 20:01
  Yeah, let's go to this. You want to.
• 20:03
  This is This is just. Absolutely madding and absolute
• 20:08
  proof. OK, this was.
• 20:10
  A declassified. Document, but this was written
• 20:14
  during the time when they were setting up the futures markets.
• 20:17
  The futures markets that have destroyed the price of silver.
• 20:21
  Today OK and we'll go check again here in a second don't you
• 20:24
  worry make sure we. All take our blood.
• 20:26
  Pressure medicine, the major. Impact of private US private.
• 20:30
  US ownership. Is the title of this.
• 20:32
  According limited official. Use limited official use.
• 20:35
  London page, chip blah blah blah.
• 20:38
  To the dealer's expectations. Will be OK the formation of a
• 20:43
  sizable gold futures market they're talking.
• 20:45
  About silver as well OK Each of the dealers expressed the belief
• 20:50
  that the. Futures.
• 20:50
  Market would be a significant. Proportion and physical trading
• 20:56
  would be minuscule by comparison, so they're saying
• 20:59
  that the. Futures market would be many
• 21:01
  many many many many many times. Make believe Paper Unicorn fart
• 21:06
  does gold and silver. In size to the actual physical
• 21:11
  market. Right, which is the truth.
• 21:13
  They were right. They were right about all this.
• 21:15
  You got to hand. It to him underlined in.
• 21:17
  Red, also expressed was the. Expectation that large volume
• 21:22
  futures dealing check, we got that.
• 21:25
  Would create a highly volatile. Market.
• 21:28
  Check, check. We have that.
• 21:29
  In turn, sorry, I yelled, The volatile price movements would
• 21:35
  diminish the initial demand for physical holding.
• 21:39
  They would scare. You away.
• 21:41
  They would scare people out, which is happening today, right?
• 21:45
  All the scaredy cats. Are selling their silver.
• 21:47
  Today. Oh, I got to get out.
• 21:49
  It's got to say I knew silver was a bad idea, I got to sell,
• 21:52
  blah blah blah. They're shaking them out, right?
• 21:54
  All right, if we can stay above 30.
• 21:56
  The people that are left. Are the strong hands right?
• 22:01
  What'd they call them on that thing?
• 22:02
  Diamond hands, whatever you want to call it.
• 22:04
  People that have. Cojones and have the ability.
• 22:08
  To deal with the Ebola tility, but a lot of people.
• 22:11
  Don't right? And it's no fun.
• 22:12
  Today's no fun. Are you having fun?
• 22:15
  I'm having fun, but it's no fun. To look at the silver price
• 22:19
  today, OK. Diminish the The volatile price
• 22:23
  movements would diminish the initial demand for physical
• 22:26
  holdings and most likely negate long term hoarding by U.S.
• 22:33
  citizens. They expressly.
• 22:36
  Set up these futures. Markets to discourage you and
• 22:40
  me. And it worked.
• 22:41
  Let's give them some props. Baby, it worked right?
• 22:45
  People were discouraged. People didn't.
• 22:47
  Buy so my mom and dad don't don't own silver and gold,
• 22:50
  right? People from the baby boomer
• 22:52
  generation, they think their money's safe in the bank.
• 22:55
  The banks, right? And I understand they were
• 22:58
  brainwashed. They like paper, right?
• 23:01
  The banks are. Safe, right?
• 23:03
  They've never had a bank failure, right?
• 23:05
  They don't Real they, they, they.
• 23:06
  Steal from them in slow motion so they.
• 23:10
  Don't really they're like, well, you know, I still.
• 23:13
  Have X amount of. Dollars.
• 23:14
  Well, yeah, but your. X amount of dollars don't
• 23:17
  doesn't buy the X amount of. Products that it bought.
• 23:19
  Three years ago now does it? Huh.
• 23:21
  Buttercup. And I'm not talking just to my
• 23:24
  my, my. I love my mom and dad.
• 23:25
  They're smart people. They taught me a lot about
• 23:27
  money. OK, but none the less, that
• 23:30
  whole generation doesn't know anything.
• 23:33
  Most you do. You might be a part of that
• 23:35
  generation, some of you do, but they just think that banks are
• 23:38
  safe. I.
• 23:39
  Love paper dollars. I understand you know Flash 100
• 23:43
  well pow. $100 bills in front of me, I'll grab.
• 23:46
  For it, right. OK, where were we?
• 23:51
  Thank you for. Being here today.
• 23:53
  What a great. Opportunity to say thank you.
• 23:55
  Hey, let's also guys say thank you to.
• 23:58
  Our channel sponsor, First Mining gold right, Canadian gold
• 24:02
  developer with two multi million ounce development stage projects
• 24:06
  in Canada. You can learn more about them at
• 24:08
  firstmininggold.com. And Fortuna Silver, silver and
• 24:12
  gold miner Right with operations in Latin America and West
• 24:18
  Africa. You can learn more about them at
• 24:19
  fortunasilver.com. Both stocks that.
• 24:23
  I own I am not giving financial advice.
• 24:26
  OK Do your own due diligence. Investing in anything is.
• 24:30
  Risky. OK.
• 24:31
  Just two companies that I really like.
• 24:34
  Me for me personally. And I'm very grateful that.
• 24:38
  They make my My my show in the channel possible as sponsor so.
• 24:43
  Thank you to both. First mining gold and Fortuna
• 24:46
  silver. OK, OK, OK.
• 24:50
  Let's talk about the Shanghai Gold Exchange.
• 24:52
  This is interesting. Why do you think 44 high level
• 24:58
  executives from the big bullion banks had visited the Shanghai
• 25:02
  Gold Exchange in the last 6? Weeks.
• 25:04
  And on top of that, Jamie Dimon himself has made a trip to
• 25:09
  China. OK, Four massive bullion banks
• 25:12
  have showed up at the Shanghai Gold Exchange in the last weeks.
• 25:15
  Are they getting desperate, HSBC?
• 25:18
  Deutsche Bank, JP Morgan, Jamie Dimon, The Shanghai Gold
• 25:22
  Exchange. This is interesting.
• 25:24
  This is interesting. I didn't realize this that the
• 25:27
  trade a gold. Contract and I imagine.
• 25:30
  It's true for silver as. Well, on the Shanghai Gold
• 25:33
  Exchange you must have physical metal on deposit.
• 25:38
  You can't just. Go in there and buy a futures
• 25:41
  contract. You can't just or or a contract
• 25:44
  on the Shanghai Gold, not the futures.
• 25:45
  That's the Shanghai Futures Exchange.
• 25:47
  I don't know about how that one works, but the Shanghai Gold
• 25:50
  Exchange. You can't just go trade.
• 25:52
  On there. Thank you, Silver Surfer.
• 25:54
  Wow, that's. Our friend Silver Surfer?
• 25:56
  Check. Him out guys right YouTube.
• 25:59
  Thank you Silver Surfer for the Super.
• 26:01
  Chat OK now. This, this, this, this was
• 26:06
  absolutely crazy, OK? On the Shanghai Gold Exchange,
• 26:11
  they trade about 300,000 ounces of gold per day.
• 26:16
  Remember it's. Physical you gotta have.
• 26:19
  The metal on demand. OK, hold on here.
• 26:23
  There we go. 300,000 on the Shanghai Gold Exchange and gold
• 26:27
  per day. Do you know how many are traded
• 26:28
  on London? How many ounces?
• 26:31
  Of gold every. Day approaching 200 million.
• 26:36
  I can't even do. The math.
• 26:38
  Let's see that's. Three.
• 26:39
  That's like 600 times. More is traded in London Gold.
• 26:45
  Unicorn, fart, dust, paper, make believe, whatever you want to
• 26:49
  call. It not real gold. 600 times
• 26:53
  more. What does that tell you?
• 26:56
  What is that that tells me? That the real price of gold.
• 27:00
  Should be set in China, in Shanghai.
• 27:02
  OK, there's a crisis brewing. In the major silver and gold
• 27:08
  markets. That's why they're.
• 27:09
  Fighting it today. That's why they're they're
• 27:11
  trying to knock us out. Kneecap.
• 27:13
  Us today because of the leverage, because of the make
• 27:18
  believe, right, the paper right. The fact that they don't.
• 27:21
  Have the actual. Physical metal to back up.
• 27:24
  All these contracts because of the fact that the the.
• 27:27
  LBMA trades, according to my math, 606 hundred times more
• 27:34
  gold, for instance, on a daily basis than they do in Shanghai.
• 27:39
  Where it is based on. Physical OK.
• 27:41
  And the vault. They got the leverage.
• 27:43
  Right in the West. Massive.
• 27:45
  Leverage. And and what do you?
• 27:49
  Think it means that the levels. Of inventory in the vaults
• 27:54
  backing that continue, they're not at all time lows.
• 27:57
  But they are hit at pretty low historic levels.
• 28:00
  Think about it. OK, OK.
• 28:03
  And on top of that, the amount of physical OZ held in the ETF,
• 28:08
  people are draining the COMEX and the LBMA bolts.
• 28:13
  They're also draining the. ETFs.
• 28:16
  They're using the ETF. Like the SLVETF as a way to get.
• 28:20
  Physical metal as well 'cause if you have enough.
• 28:22
  Shares of the of the SLVETF. As I understand it.
• 28:26
  Or the GLDETF. You can request physical
• 28:30
  redemption and they're and they are running dry ounces.
• 28:33
  How they're dropping the big. Banks are trying to cover their.
• 28:37
  Butts. I won't say what I wrote down.
• 28:40
  Most of the silver. Held in London a.
• 28:43
  Big part of it is. Claims on it by the ETFs anyway.
• 28:47
  So the amount of silver and I think it's our, I think it's
• 28:49
  like 800 million ounces in like 500.
• 28:53
  I don't know. It's just it's.
• 28:55
  Crazy guys. OK, it's.
• 28:57
  Crazy right now Credit paper. Unicorn fart the silver will.
• 29:01
  Soon disappear and physical. Will rule the day.
• 29:04
  This is war. I won't say it again, OK, the
• 29:07
  metals fraud is increasingly breaking down right now, right?
• 29:12
  While at the same time. The world debt bubble is ready
• 29:16
  to. Blow up the credit.
• 29:18
  Everything make believe, right? Remember that dollar?
• 29:21
  It's credit. The modern dollar is
• 29:24
  unfortunately, unfortunately. Not your.
• 29:26
  Decision, not my decision. Right, But what does?
• 29:29
  That mean it's just credit. It's nothing, right?
• 29:31
  It's nothing OK and things are moving.
• 29:34
  There will be big price. Increases in anything that can't
• 29:39
  be printed. That'll include your silver.
• 29:41
  That'll include. Your gold, Platinum, Group
• 29:43
  Metals. That'll include oil.
• 29:45
  That'll include. Land that'll include absolutely
• 29:49
  everything. And another great example of
• 29:51
  that right now is what's going on in the aluminum.
• 29:55
  Let's go to this. Quickly 'cause this.
• 29:57
  Is not an aluminum channel, but but this is another example of a
• 30:03
  metal right? That is, that is.
• 30:07
  Reaching highs aluminum prices from zero hedge hit two year
• 30:10
  high on smelter output limits in China.
• 30:14
  OK, environmental reasons amongst other things, but you
• 30:18
  know, aluminum prices in London. Reached their highest in two
• 30:21
  years. As the industrial metals rebound
• 30:24
  theme continued, driven by a combination of supply
• 30:28
  constraints. Gee, you can't just print.
• 30:30
  Aluminum, huh? And the prospect of increased.
• 30:33
  Demand in China and the USA, right?
• 30:37
  So everywhere we look. Now we got more, more, more.
• 30:41
  To talk about guys, thank. You for being here this.
• 30:44
  Is so. Awesome man.
• 30:46
  And again I. Apologize to those of you who.
• 30:48
  Showed up, I'm going to put the banner up saying thanks to our
• 30:51
  sponsors, those of you who. Showed up earlier.
• 30:54
  I had a little family issue that came up.
• 30:57
  Susie's at her mom's taking care of her mom, so I had to.
• 30:59
  Take off, so I apologize. This was an hour.
• 31:02
  Later today. OK, OK.
• 31:05
  Oh, this is this. This is eye.
• 31:08
  Opening OK, it means everything for the precious metals market.
• 31:13
  But it's something that. Nobody else is talking.
• 31:15
  About People talked about this like a year.
• 31:17
  Ago, but it's more pertinent right now then, then and it will
• 31:21
  have a major impact on the silver price and the gold price
• 31:25
  and what am I talking about? I'm talking about the.
• 31:28
  Fed. OK.
• 31:30
  Let's just let's look at. This first Fed Williams says
• 31:33
  inflation is too high but will start coming down soon.
• 31:37
  Hold on a second here. Give me one second.
• 31:39
  I'm gonna have a drink of coffee.
• 31:40
  I'll be right. OK, I'm back.
• 31:50
  We know the reality, right? Inflation is too high.
• 31:54
  But I think. This must be a misprint because
• 31:57
  it should say inflation is too high but will skyrocket soon.
• 32:04
  OK, we're not even going to we're not even going to give
• 32:06
  this guy the the time of day because the.
• 32:08
  Guys of the Fed. Have undoubtedly already proven
• 32:12
  to. Us that they're full of it.
• 32:14
  So I've got some breaking news for you.
• 32:17
  Breaking. News for you.
• 32:19
  About that because when inflation skyrockets, that's
• 32:22
  when the people. Are really.
• 32:24
  Going to wake up. Isn't it interesting that
• 32:26
  inflation came down today and the price of silver and gold are
• 32:30
  going down? Thank you.
• 32:31
  Susie just texted me two. 100 and I got some.
• 32:34
  Super chats I need to recognize. I'll do that.
• 32:36
  Thank you, Suzanne, for pointing that out to me.
• 32:39
  Hold on. Here guys, there we go.
• 32:42
  I'll be back to that in a second.
• 32:44
  This is critical. OK, think about this.
• 32:47
  Remember I talked, we talked about this.
• 32:49
  Everything has changed. All the all the all the.
• 32:52
  Existing relationships are out the window a year ago.
• 32:56
  News. Like we got this morning,
• 32:57
  inflation's coming down would have.
• 32:59
  Sent the price of. Gold and silver skyrocketing.
• 33:02
  And it did temporarily this morning.
• 33:04
  But remember, everything's been flipped now.
• 33:07
  OK? Gold and silver know that
• 33:11
  inflation's not going anywhere. OK?
• 33:14
  Not going anywhere because soon. And I'm gonna show you.
• 33:18
  Why the Fed? We'll have to take massive,
• 33:21
  massive steps because I want you to look at this this very
• 33:25
  interesting I. Dug this up for you.
• 33:27
  Last night. This comes from the street.
• 33:30
  OK, this is about. When the Fed I was.
• 33:32
  Curious Mike, when was the last? Time the Fed raised interest
• 33:35
  rates and right there. It says the Fed's last rate.
• 33:37
  Hike was on July 27th of 2023. That's less than a year ago, OK.
• 33:48
  Here's the reality. It takes 12, some people say, to
• 33:52
  18 or even 24 months for the full.
• 33:55
  Effect of the Fed interest rate hikes to filter.
• 33:58
  Through the economy, we are in the meat of the storm.
• 34:02
  This economy will continue to have its brakes slammed on.
• 34:06
  It's going to be a crisis. OK.
• 34:08
  Potentially they're going to make it.
• 34:10
  Out like a crisis? But in the next six months, this
• 34:13
  economy, because guys, we're going to go down here, I'm going
• 34:15
  to show you something in no uncertain terms.
• 34:19
  This is history, OK? Of the Fed's interest rate
• 34:23
  hikes. Let's get started here.
• 34:28
  Here it is their first. Interest rate increase was in
• 34:31
  March of 2022, but really? OK, so we were.
• 34:35
  Feeling that now we're feeling that they raised all these
• 34:38
  times. They raised .75% in June of
• 34:41
  2022, remember? Oh, then in July, another.
• 34:44
  Another three. Quarters of a percent.
• 34:46
  And then in September, another. 3/4 of a percent, but so we're.
• 34:51
  Feeling that now the need of it, but really OK, really anything
• 34:57
  if we go back 18 months, that'll put us in about let's say
• 35:02
  November of 2022. We are just now really starting
• 35:07
  to feel. This three.
• 35:08
  Quarters of a percent, OK. December a half a percent.
• 35:12
  That total? That's cumulative. 1.25%.
• 35:16
  February. 20.2 that's 1.5 percent, 1.75 percent, 2% two
• 35:24
  and a. Quarter, OK, those are all the
• 35:26
  interest rate hikes that we're really.
• 35:29
  Just now starting to feel the impact of and they're going to
• 35:32
  roll forward. This one was less.
• 35:34
  Than a year. Ago and I'm telling you.
• 35:37
  It's it's called the lag. Effect OK and the.
• 35:40
  Lag effect is just. Now starting to hit.
• 35:42
  Right, like Realtor's are all dropping.
• 35:44
  Like flies. I'm going to show you some
• 35:45
  shocking information about home sales here in a little.
• 35:50
  Bit. We know that like people's
• 35:52
  credit cards are maxed out. We know that things are not.
• 35:55
  Good at all? In the economy right now, OK and
• 36:03
  when this hits in the next six months this.
• 36:06
  Guy. Let's get him out.
• 36:07
  Let's take a look at him. OK, this guy.
• 36:12
  This guy, and he's winning today in the gold and silver market,
• 36:16
  is gonna panic and gonna print money, dilute the currency
• 36:19
  further. OK, let's just leave him out
• 36:21
  'cause he's having a good. Day.
• 36:23
  All right. Yeah, where is he?
• 36:25
  Yeah, forget it. Let's get rid of him.
• 36:28
  And that's gonna be again, again inflation, right?
• 36:33
  Like we've never seen. Inflation is not going anywhere.
• 36:37
  Don't believe what they're. Telling you in the mainstream
• 36:39
  media, inflation is not going anywhere.
• 36:42
  The only thing they're going to be able to do is print money.
• 36:44
  Devalue the dollar. Prices are going to go up and
• 36:47
  inflation will will. Overtake any interest.
• 36:52
  Rate hikes that they may or may not institute in the future.
• 36:56
  I'm in the camp that I think it's.
• 36:57
  Just as likely, they could raise.
• 36:59
  Interest rates in the. Future before they actually
• 37:01
  lower. Interest rates and that is not
• 37:04
  bad news for precious metals. OK, because what we really.
• 37:08
  Want to keep an eye on now is real inflation?
• 37:11
  Right, the real interest rate. And is that inflation?
• 37:14
  Level overtakes the interest rates the.
• 37:18
  Real interest rate will become negative and that will be
• 37:21
  fertile ground for silver and gold.
• 37:23
  Remember the 70s? I do right?
• 37:28
  My mom would give me a dime and I could go buy a soda and then
• 37:33
  she had to give me 1/4. To go buy a soda, right?
• 37:36
  Right. Like kind of like our kids are
• 37:38
  going through right now. My 10 and 12 year olds.
• 37:40
  It's called. Stagflation, a stagnant economy
• 37:44
  with inflation and it is the most by far fertile soil, right?
• 37:49
  The most conducive environment for metals prices, right?
• 37:52
  How much did? Silver.
• 37:53
  Go up during the 70s, I don't know like what, more than 20
• 37:57
  times in value, 20 times gold skyrocketed.
• 38:01
  That's what we're heading into right now.
• 38:04
  At the same time, OK, we've got massive.
• 38:07
  Issues. Let's just I I wanted to go
• 38:09
  through this quickly to give you an.
• 38:10
  Update on what is going on because because we're not
• 38:14
  hearing about this at all. What does it mean that we have
• 38:18
  war in Europe? OK, I'm gonna run through these
• 38:21
  headlines, four of them, and I want you to see.
• 38:23
  What this means? Pressure grows.
• 38:25
  On Biden, that's if he's. Aware to let us to let.
• 38:30
  The United States weapons strike Russia.
• 38:33
  That's from the BBC next article.
• 38:36
  OK, from Zero Hedge, Denmark says Ukraine can strike targets
• 38:42
  in Russia with Danish supplied F sixteens.
• 38:46
  Gets a little complicated here. Doesn't it when you start
• 38:49
  hitting targets inside of the? Country of Russia, but that's OK
• 38:55
  because they're they're Danish. F sixteens, but.
• 38:58
  Where did they get? Those F sixteens think about it,
• 39:01
  OK? Let's go to the next article.
• 39:05
  Now, the most recent article Biden allows Ukraine to hit some
• 39:09
  targets in Russia with US weapons.
• 39:15
  And let's go to the. Last article.
• 39:17
  Again from Zero Hedge, Putin expects NATO and possibly
• 39:23
  Poland. In particular to escalate the
• 39:27
  proxy war. In Ukraine.
• 39:30
  Guys, OK, this is what's. Going on in our world right now,
• 39:35
  we talk about it's. Talk about silver.
• 39:39
  What does it mean for silver and gold with everything going on in
• 39:42
  China, in India, right? We we have not even touched on
• 39:45
  India Today. Right.
• 39:47
  But at the same time. We have war.
• 39:49
  In the Middle East and we've got this war in Europe that is not
• 39:55
  that is escalating. That's the only way to.
• 39:57
  Look at it right, right What have gold and silver?
• 39:59
  Done for the millennia, for the generations.
• 40:02
  Yeah, they've protected. People, during these times of
• 40:06
  uncertainty, last thing we're going to look.
• 40:08
  At here. From an article perspective.
• 40:11
  Is this it? Hold on.
• 40:15
  Nope. Wrong one.
• 40:17
  OK, well CNB CS reporting about the global debt bomb.
• 40:23
  Over 300. Trillion dollars in debt in the
• 40:26
  world right now, guys. Debt is credit.
• 40:30
  Debt is. Nothing.
• 40:32
  Debt is paper, OK, No other way around it.
• 40:36
  Right, it's the a a. System that's been built on
• 40:40
  promises, promises, promises and what does this show?
• 40:44
  Us what we just read about. What's going on just in one
• 40:47
  place in the Ukraine? Do you think people are honoring
• 40:50
  their promises, right? We promised Russia that we owed
• 40:54
  them some money, but we took that away from them.
• 40:57
  The weaponization of the dollar. Do you think the Chinese are
• 41:01
  real keen on trusting our promises right now?
• 41:04
  I want you to think. About something because we know
• 41:07
  that the Chinese are selling their.
• 41:10
  U.S. Treasuries which is a.
• 41:12
  Promise that we make a promise. It's nothing more than a
• 41:15
  promise. Think about it.
• 41:17
  That we'll pay you. This money in the future and the
• 41:20
  Chinese are saying, you know. What we'd.
• 41:22
  Rather not hold your promise. We'd rather hold gold.
• 41:26
  We'd rather stockpile silver. OK, That's what's happening
• 41:31
  right now in our world. It's happening so fast so.
• 41:35
  Crazy. That we don't even really.
• 41:37
  Realize the. Period of time of history that
• 41:41
  we're living through right now. I know one thing for sure, I'm
• 41:45
  really glad you joined me today here in the basement.
• 41:47
  Again, I apologize for having to move this back by an hour, but
• 41:51
  I. Really appreciate you.
• 41:52
  I appreciate. All the moderators who are here,
• 41:55
  I know Annie was here, Jake. And if I forgot anybody, I oh,
• 42:00
  whoa. Whoa, whoa, whoa, whoa, whoa,
• 42:02
  whoa, whoa, whoa, whoa. OK, Tony, thank you.
• 42:07
  All right. And Chad?
• 42:08
  I think I did, Chad. Already, But we'll put him up
• 42:11
  there. Thank you.
• 42:11
  For the Super chat. Tony Stilley, thank.
• 42:13
  You for the silver server. Nima.
• 42:15
  OK, here Nima has a question. Ron, let's put her up on the
• 42:19
  screen. All right.
• 42:22
  Why is the premium on Silver Eagle Round so high?
• 42:25
  What is the value added benefit of owning them?
• 42:28
  Keep it up, love the show, you know?
• 42:30
  That's a good question that I don't know that.
• 42:32
  I have a great answer for. I mean a real simple way to
• 42:37
  answer that. Is that the reason they're able
• 42:38
  to? Charge such a big.
• 42:39
  Premium on American. Silver Eagles is because.
• 42:43
  Of demand that people are willing to pay it for.
• 42:46
  The the belief that it's a. Premium product, I think it's
• 42:49
  the most. Popular silver.
• 42:52
  Sovereign coin in the world, right?
• 42:54
  the United States enjoyed this hegemony.
• 42:57
  Hegemony, however you say. It for a.
• 42:59
  Long time, I think people around the world.
• 43:02
  Are used to the US dollar. Obviously Americans, I'd say
• 43:06
  we're. A little used to paper dollars.
• 43:09
  And some people might say a little brainwashed, but none
• 43:11
  the. Less that probably has
• 43:12
  something. To do with why?
• 43:14
  There is still such a. Big premium, but great question
• 43:17
  that I don't think I. Really answered all that?
• 43:20
  Great. Maybe somebody can send me an
• 43:22
  e-mail and I can talk about it in the next slide, Hey.
• 43:25
  Stacking Surfer. Great to see you, buddy.
• 43:29
  All right, Ron, could we see a gold to silver ratio of 50?
• 43:33
  Soon we've seen it move from 90 to 72 in a few months.
• 43:37
  Hello stacking Surfer. You know, I haven't given that
• 43:42
  one much thought either. But yeah, I think.
• 43:44
  Definitely within the realm of. Possibility that we could see a
• 43:49
  50 to. One gold to silver.
• 43:51
  Ratio and for those of you. That that don't know what he's
• 43:53
  talking about is how many ounces.
• 43:55
  Of silver does it take to buy? One ounce of gold.
• 43:59
  You, you take the gold. Price and divide it by the
• 44:02
  silver price and that's Ron's basement complicated map that.
• 44:05
  Gives you the gold to silver ratio like stacking, Surfer
• 44:08
  said. Go.
• 44:09
  Check out the Stacking Surfer channel guys.
• 44:11
  He's a friend of the. Basement.
• 44:13
  Makes great videos, has great live.
• 44:15
  Streams stacking Surfer OK, but he's right, right and.
• 44:19
  Of course he's right. He's always right that we did.
• 44:22
  Go from a gold to silver ratio of around 90 to around 72 and
• 44:27
  that was did happen. Very quickly, that's because.
• 44:30
  Gold went way up and then silver kind of lagged and now silver.
• 44:34
  Caught up a little bit. You know, I think historically
• 44:38
  and I don't have the. Chart to pull it up and I think
• 44:40
  historically. And depends on what what period
• 44:43
  of time you want to look at, but by almost any measure that 90
• 44:47
  was super high. I think 70 is even high.
• 44:50
  I think we were at. 50 We've had periods.
• 44:52
  Of time. Where the gold the silver ratio
• 44:55
  was 12 or. 17 You always have to consider the fact.
• 45:01
  That for every. One ounce of gold that comes out
• 45:04
  of the ground. At today's gold to silver ratio,
• 45:07
  you'd think there'd. Be 70 ounces of silver.
• 45:09
  But that's not the case. For each one ounce of gold
• 45:11
  that's mined, only 7 ounces of silver come out of the ground.
• 45:16
  And what makes it even more fascinating is that of those 7
• 45:19
  oz. Like more than half now is
• 45:22
  consumed by industry, so. Yeah, there's a big, a good big.
• 45:26
  Argument for the fact that the. Gold to silver ratio.
• 45:29
  Could come down. So I appreciate that question.
• 45:33
  I appreciate. You.
• 45:33
  Being here stacking server I. Appreciate all you guys please.
• 45:38
  Support our channel sponsors right?
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  Our friends at Pinbex. There it is, right there.
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• 45:44
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• 45:49
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• 45:52
  Have a great rest of your day. Thank you.
• 45:54
  Thank you. OK.
• 45:55
  And I'll look forward to seeing you soon.
• 45:57
  Bye. Bye.