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👻SILVER Squeeze!👻 You MUST Hear This! - (Gold Price and Precious Metals News Update) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:01
A call for $500 silver from one of the top analyst in the
0:06
precious metal sector. But today we're feeling some
0:10
pain. We're going to talk about the
0:11
reasons why. I'm going to give you a bunch of
0:13
examples why we can be optimistic about much, much
0:17
higher precious metals prices as we move into the coming weeks,
0:21
quarters and years. Guys, there is a plethora of
0:25
examples about why we can remain optimistic.
0:29
And look, the biggest thing I'm optimistic about you joining me
0:32
down here in the basement. Thank you for being here.
0:34
Please subscribe to the channel. But we're taking it on the chin
0:38
today. Oh my gosh, silver's crashing.
0:41
No, no, down what, $2.00 per oz? We're going to go out and take a
0:44
look, but I urge you to look at the big picture again.
0:48
We're going to look at reasons and examples why when we look
0:52
out one year from now, two years from now, let's take a little
0:56
trip in The Time Machine, shall we?
0:57
And let's put a smile on our face today, even amongst a red
1:02
market. And hey, the day's not over yet.
1:04
Let's go take a look at the silver price.
1:06
Something very curious. As of just a few minutes ago,
1:09
when I went out to Kitco to look at the spot price of silver,
1:15
they do not have the price. It says something went wrong.
1:19
I don't know if if there's any breaking news on this.
1:22
Is the LDMA shut down? Because that's where we get the
1:26
spot price of silver up. There we go.
1:29
All right, it's back temporary, temporarily down.
1:33
Spot price of silver, $52 per oz.
1:37
Let's go out and look at the futures price of silver, which
1:41
is at CNBC. This will be the December a
1:46
contract in silver. You can see that right at the
1:48
very top of the screen, $50.95. Now I have a five year chart of
1:53
silver pulled up. Before we cry too much today
1:57
about being down 4% in silver. For those of you who are new,
2:01
silver is very, very, let's say can be volatile at times.
2:06
Some people have called it the widowmaker.
2:08
It can have big moves up, big moves down.
2:11
We know we've been in a major, major uptrend.
2:13
Look at this chart. Come on, silver for investors,
2:16
let me draw a line on here and let's draw a line straight
2:21
across at $30 per oz. This goes back five years.
2:27
Hold on, hold on, let's do that again.
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Make it perfect. There's $30.00 right down here
2:36
is roughly $20 as you can see for most of that five year
2:41
period up till about right in this range right here, although
2:47
you could almost argue we went all the way to here into 2025.
2:52
Anyhow, during this whole entire period, we vacillated in that 20
2:58
to $30 per oz range Now, right, we've had a big steep upward
3:03
move. We're not going to call that a
3:05
spike, right? A spike would be a move more
3:07
like this. And right back down, we are
3:10
still in good shape. Remember, if just one year ago,
3:14
right now, silver investors, we let's see, we are not even a
3:18
year ago, my gosh, what earlier this year, OK, back in what
3:23
April May time frame when we had $30 per oz silver, we talked
3:29
about the fact that we would in just a few short months, right
3:34
be it $50 silver, we would be throwing a party.
3:37
So let's throw a party right now because the reality is nothing
3:41
has changed on the silver story. We got a lot more to look at.
3:45
We're going to talk about gold. We're going to talk about
3:46
silver. You know what, before we do
3:48
that, let's say thank you to channel sponsor First Mint.
3:52
They are sponsoring the Ron's basement silver and gold
3:55
content. They're a mint located in Las
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Vegas, NV, owned by First Majestic.
3:59
Silver quickly want to bring you out to their website on a daily
4:03
like today when Silver's on sale.
4:05
I know they're getting a lot of a lot of people checking them
4:09
out, but here's some of their products that they make the Las
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Vegas round. You're the snake, you're the
4:15
dragon. And their Buffalo round Hail to
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the chief. I love that Indian.
4:20
It's my favorite silver piece of art out there.
4:23
But they get their silver. They're owned by First Majestic,
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Keith Newmeyer's big silver mining company.
4:28
They get the silver from Mexico, ship to Nevada, and then it goes
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straight, straight, straight to you.
4:34
OK, No Comex, no LBMA involved. Thank you, First Men, for
4:38
sponsoring, for letting us come together.
4:40
Guys, let's talk about what's happening out there in the world
4:45
of precious metals because I think it's safe today.
4:47
It is still a mania right now. We'll start with this incredible
4:53
piece of information breaking from Michelle McCrory.
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Breaking gold officially becomes the first asset in history, the
5:02
first asset ever in history to hit $30 trillion market cap.
5:08
It is the biggest. It's an all out global gold
5:11
rush. Let's look at and gold just hit
5:14
$4380 per oz in Asian markets. Don't forget, we're going to
5:18
talk about a big analyst talking about $500 silver here in a
5:23
little bit. But let's look at some of the
5:25
evidence of what's going on out there in the world right now.
5:29
Because guys, silver and gold are worldwide markets.
5:34
They aren't just in Spokane, WA or or Tuscaloosa, Mississippi or
5:38
anything like that. They are all around the world.
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This is not. That's one of the beautiful
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things. Silver and gold have been
5:46
valuable forever and everywhere. That's unique, right?
5:53
They've always been a store of value.
5:55
They've always been money. On days like today when we want
5:58
to cry, we will look at the gold price here in a little bit.
6:01
Just remember that, OK? Right.
6:04
The, the, the, the, the, the paper dollar holds nothing.
6:08
The paper euro, any Fiat currency has lost every battle
6:12
they've ever had with silver and gold.
6:15
But let's let's take a look at evidence about what is happening
6:18
around the world. This is incredible.
6:23
People are posting things everywhere.
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I tried to pull up just a couple highlights.
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This is happening in Vietnam right now, and I'm going to pull
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this up on full screen and play this for you.
6:36
Hold on, here we go. Now we're on the full screen and
6:43
now this is what? We're getting just just 10s of
6:54
posts like this happening on a regular basis.
6:57
And we know that it's happening not only in Vietnam, but also
7:02
happening. I'm getting reports from China,
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getting reports from India, right?
7:06
Major, major shortages is there's no other way to say it
7:11
of silver and even of gold as well.
7:14
We've got another one to look at and it's not just this is what's
7:18
interesting. Take a step back when we talk
7:20
about shortages, when we talk about stress in the precious
7:23
metals market. We're looking at some retail
7:25
examples right now, but don't you forget basement dwellers.
7:31
It's also really happening on the big exchange level.
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We're going to look at data about that in a minute as well.
7:38
But one more piece of interesting, fascinating
7:40
information about what's happening out there in the
7:44
world. This comes from Hong Kong, OK
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Cues which in foreign languages means lines to buy gold in Hong
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Kong. Am I sharing the right screen?
7:54
Yes, I am. And this is from from Hong Kong,
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from normal shops in the IFC mall now.
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So that's what it's like if you want to get your hands on
8:05
precious metals in Hong Kong right now.
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OK, now let's talk about the major exchanges.
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Because while retail demand is important, right, even more so
8:15
right now, there's major, major stress in the big, big markets.
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The LBMA, the London Million Market Association are good
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friends over there in London, England, who have so fairly and
8:26
accurately determined the price of silver and gold for decades,
8:30
maybe even centuries. There's a lot of stress between
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the LBMA, which is the more spot market in the futures market,
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the COMEX here in the United States of America.
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Let's look at some examples and reasons why we can be optimistic
8:45
from that perspective that we could be in for much higher
8:48
prices in the markets. Let's start here with a great
8:54
post from King Kong 9888, one of the most respected names in
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precious metals. He says in yellow that the most
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hilarious thing is that the LBMA physical silver free float went
9:08
from quote and this is what they were saying.
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It will last for a month to around 5:00 to 7:00 K, metric
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tons to 0 within two weeks in red.
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The experts said everything was fine just two weeks ago and then
9:25
boom, 0 LBMA, physical silver free float again.
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This is on the big exchange, the big institutional level, the
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big, massive investors, big industry that are demanding
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silver and we're getting reports from everywhere.
9:43
Dislocations between the paper and the physical market,
9:46
dislocations, people having trouble taking delivery of
9:50
silver. Let's move on to the next one
9:52
'cause there's more. This was a great read. 1
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paragraph from the Silver Academy breaking and a global
10:01
silver shock. The LBMA crisis forces 88% draw
10:06
on COMEX inventories. This sums it up in yellow.
10:10
Silver's physical market has just crossed a historic
10:14
threshold. The Chicago Mercantile Exchange
10:17
latest report confirms only 173,000,000 Troy ounces of
10:23
registered silver remain in COMEX vaults.
10:27
That's metal that's actually available for delivery.
10:30
That's the registered silver. Yet according to XJP Morgan
10:34
Bullion Bank executive Robert Gottlieb, the LBMA, the London
10:38
Bullion Market Association, must import roughly 150 million
10:44
ounces to avert system thematic failure.
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In other words, London now needs 88% of all comex deliverable
10:54
silver to survive the current liquidity crisis.
10:58
There's a major crisis between the make believe fantasy island,
11:02
we call it fantasy island silver, fantasy island silver
11:06
and the real physical metal, the real stuff like this here, 55 oz
11:11
bar that I love. It's upstairs Susie's favorite.
11:14
Look at that. That's from first mint
11:16
beautiful. There's a big, big dislocation
11:19
between this physical metal and the electric electronic markets
11:24
and that's what will eventually drive the price.
11:27
We sure retail demand and we'll talk more about this in a little
11:30
bit and we're going to talk about $500 silver can do it as
11:34
well. But let's just go get some
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evidence about how insane the paper markets are right now, how
11:40
much actual paper silver is being traded on the paper
11:44
markets from the dude. And he brings up this for us.
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This was from Tuesday. The silver market traded 980
11:54
million paper oz on Tuesday. Let's go down.
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Yes, Tuesday, October 14th. What about yesterday?
12:01
Do you think there was a lot of paper silver?
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Because 980 million oz. That's pretty much way above
12:07
what the entire silver mining industry produces for one year,
12:12
one whole year of physical mining of silver, right?
12:16
More than one year was traded in one day.
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And if we look at yesterday's data, right, pretty much right
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on the mark. Congratulations, Comex, you did
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it. You nailed it. 801 million paper
12:28
oz traded yesterday, which is very close to being exactly the
12:32
amount of silver that the silver miners dig up out of the ground
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on an annual basis. It's absolutely crazy.
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Now we have data showing us that the metal is leaving the COMEX.
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This came from stock market news, which is generally more
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general investment oriented. But they're telling us silver
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continues to leave the COMEX. Another 4.5 million oz withdrawn
12:58
in a single day. That means traders are actually
13:01
taking physical delivery instead of just trading paper contracts.
13:06
So they're trading all these paper contracts, but now we've
13:09
got a massive increase in traders saying, yeah, no, I
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don't want to settle for cash or buy more futures contracts.
13:16
No, hello, Comex. I want the actual metal.
13:21
OK? It's happening because the
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London silver price is higher than New York's.
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So traders are pulling real metal from the US vaults to sell
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it where it's worth more. Each withdrawal tighten supply
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further and shows how physical demand is outpacing what's left
13:38
on paper. And that is demonstrated to us
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again, guys, by this wrong thing.
13:43
There we go. OK, here is the spot price of
13:49
silver, $52 per oz. That's for the physical metal in
13:54
London. OK, it's a premium.
13:57
They want it in in the US on the futures market, it's at around
14:01
$50.50. So they're sucking metal out of
14:05
the futures market and sending it to London, where then it's
14:08
probably getting sent to China or somewhere like that.
14:11
This is backward backwardation, right?
14:14
That's the technical term you may have been hearing.
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Backwardation occurs when the spot price, the immediate price
14:21
for silver, goes way higher than the futures price.
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That's what's happening right now.
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It'll be interesting to see how that plays out if that backward
14:31
backwardation situation corrects itself and we get more back to
14:35
equilibrium or where it should be, where the, where the spot
14:39
price is actually lower. But if that does happen, think
14:42
about this, that will, that will eliminate the incentive for
14:46
people to buy the to buy the the the metal in the futures market
14:51
and to send it to London. So we'll keep a close eye on all
14:53
that. It's an evolving situation.
14:55
Things are happening at such a crazy rate.
14:59
And while we're on that point, let's go out here.
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Hold on, there's the dude, OK, there's the CME.
15:05
I got another one for you just to make things real simple.
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What should this is? This will blow you away.
15:14
What should the silver price be? This comes from make gold great.
15:18
Hold on, I don't think I'm sharing the screen, which I'm
15:21
not Now we are OK Make gold. Great update on where silver
15:26
should be using a conservative 1 to 15 or 15 to 1 gold to silver
15:33
ratio. That's the number of Oz of
15:35
silver it takes to buy one ounce of gold, which is currently
15:39
around 80, which still blows me away.
15:42
Hold on, we'll be back. We'll be back to this.
15:45
I want to ask you a question. Even at the at the current
15:49
prices, this is a tube of American Silver Eagles.
15:52
I keep a little silver here at the house.
15:54
There's 21 oz American Silver Eagles in this tube.
15:58
Are you willing to spend four of these to get one ounce of gold?
16:04
I'm not. No, I'm not the price of silver.
16:07
And everybody saying this is still way undervalued.
16:10
Let's go back and look at this proof that we get from Mako.
16:15
Great. Again, who points out that if we
16:16
get to 1 to 15, right? But she says is conservative in
16:20
which traditionally we have gotten that low in the past,
16:23
right? But even 30 or even 50 to 1
16:27
gives us a way, way higher silver price.
16:29
Anyway. Actual mining ratios are
16:32
estimated to be as low as one to seven.
16:34
And all that silver is used up anyway.
16:37
So silver's mine only at 7 ounces of silver are mine for
16:42
each one ounce of gold, yet the price is 80 times more for an
16:48
ounce of gold. That doesn't make sense.
16:50
And on top of that, the cherry on top is that most silver is
16:55
being consumed like what, 2/3 of it?
16:57
So gold today, if the gold price is at 4350, OK, where it would
17:03
be to catch up at a 15 to 1 gold to silver ratio would be
17:08
$290.00. And don't forget this guys,
17:12
don't forget this. This one blew me away.
17:15
Finance from financial physics. This is a United States quarter
17:21
minted in 1963. That means it has silver in it
17:25
in today's, it's spending power, a 1963 quarter, right?
17:30
While they still put silver in, in our coins.
17:33
It's spending power today because of the silver is almost
17:38
$12.00. Think about that.
17:41
Think about that, OK, when we talk about silver and we talk
17:44
about silver being undervalued, it just never ends OK, Next
17:48
we're going to talk about $500 silver prediction and it's real
17:52
simple, real easy to understand. I'll give you the reasons why I
17:56
do want to say thank you to channel sponsor First Mining
17:59
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18:03
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18:17
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18:21
There aren't a lot of big multi million ounce development stage
18:24
projects in good jurisdictions and 1st Mining Gold fits that
18:28
bill. You can learn more about them at
18:31
firstmininggold.com. Let's talk about $500 silver
18:37
from a person who is one of the leading analyst, one of the
18:41
smartest people out there. I agree with them 100 percent.
18:45
Let's see what you think. Let's go out and see what Jesse
18:48
Colombo is saying at the Bubble Bubble Report.
18:52
And we get this from Jesse. Let's go to the top so you can
18:56
see this is the free section of the Bubble Bubble report.
19:00
And there he is right there. Jesse Colombo, super smart guy.
19:05
He says why I'm betting on a 10X surge in silver and it's real
19:12
simple, real easy to understand. OK, he says.
19:17
Now I want to talk about an exciting prospect that I firmly
19:20
believe in and I'm personally investing in.
19:23
He's eating his own cooking. I expect silver to surge at
19:28
least tenfold from its current price, which would mean a move
19:32
from around $52 per oz today to at least $500 per oz.
19:39
To understand the setup, let's start by looking at the long
19:42
term price chart of silver going all the way back to the 1960s.
19:47
Then I want to draw your attention to the critical $50
19:50
level, which marked the peaks of the last two major silver bull
19:55
markets in 1980 and 2011, both of which were followed by
20:00
significant declines. OK, but here we go.
20:06
A major development is happening as we speak as silver finally
20:11
breaks above the all important $50 psychological level.
20:15
This signals the start of a powerful new secular bull
20:21
market, which typically last for a decade or more.
20:26
That indication? Indicates silver still has a
20:29
long way to go. Now there's a second reason why,
20:32
but let's look at the chart that we can't look at enough guys,
20:37
the long term price chart of silver.
20:39
Here's the official $50 resistance level.
20:42
As you very well know, back in 1980, we hit fifty.
20:47
OK, we dipped for a long time, came back up and in 2011 hit 50
20:53
again. That formed a cup.
20:55
Then we dipped back down. We've been on our way up.
20:58
Oh, we got to $50. Oh, silver will never get to $50
21:02
again. Silver will never go above $50.
21:05
Well, you know what? Hallelujah.
21:08
We did just that and we have continued to do just that.
21:12
Sure, right. No guarantees, but that chart
21:14
that you're looking at, that pattern, the cup and handle
21:17
pattern is absolutely one of the most reliable and most followed
21:22
charts in technical analysis. And the longer the period of
21:25
time that it forms over, the more reliable and powerful the
21:30
breakout, which is why Jesse is talking about.
21:33
I can't even draw. It's somewhere up on the ceiling
21:36
of my basement, $500 is how far silver could go.
21:41
Sure, we're not talking about tomorrow or next week.
21:44
This is a long term ride. Many of you have been in this
21:46
for a long, long time, but we will be defending the $50 range
21:51
in silver and it's going to be real interesting to see how this
21:55
all plays out. But wait, there is more.
21:57
OK with silver now trading above $50.00, an all time high, no one
22:04
who has ever purchased silver is currently sitting on a loss,
22:09
guys above $50, Sure, we hit 54 in the futures.
22:12
We had 53. We're pulled back a little bit,
22:15
but basically everybody's in the green.
22:17
There's nobody out there who's saying, oh, I bought silver.
22:20
Nobody bought silver at $70.00 an ounce.
22:23
Nobody bought silver at $80 per oz.
22:27
Who's waiting to sell? There's very little overhead
22:30
resistance right now in the silver market, but even more
22:35
important, the final paragraph, he said.
22:37
I believe this breakout is about to spark a major shift in
22:43
investor sentiment toward silver, which has long been
22:47
viewed as a lagging and underperforming asset compared
22:51
to flashier alternatives like high flying tech stocks and
22:56
cryptos. We have not even seen the
22:59
beginning of the wave of people who will be joining the silver
23:04
movement. Now look, I don't have a crystal
23:06
ball. Don't make any financial
23:08
decisions based on what I'm saying.
23:10
I'm not a registered financial advisor.
23:12
I'm just a guy in Saint Louis who's been following silver and
23:15
gold for decades. But I agree with him 100%.
23:19
And when we have guys, even the smallest amount of people
23:23
joining us, right in the silver and gold community, it's going
23:28
to make a massive, massive difference right now, right?
23:32
We are elite, right? We got over 1000 people on the
23:35
live stream. Thank you for being here.
23:37
Don't forget to subscribe. We're trying to support a family
23:40
on this. We appreciate you, but we're
23:43
small, we're elite. We're like the Navy Seals of the
23:46
investment world. We are the specialist, OK?
23:50
A lot of you are new and welcome the channel's growing like
23:53
crazy. But the big take away here, the
23:56
big thing to remember, right, with silver in particular from a
24:01
technical perspective, we are in a new paradigm for silver from a
24:06
fundamental supply and demand perspective, which we haven't
24:09
even talked about today. But you know that, right?
24:12
We are in a new paradigm for silver.
24:15
And finally, I present to you my fellow basement dwellers that we
24:19
are in a new paradigm for investors.
24:23
And when that hits, right, think about the situation right now on
24:28
the paper markets. Think about the fact that you
24:31
are part right now of a very elite.
24:33
You're like one in 100 people. Congratulations, you have
24:36
superior intellectual horsepower.
24:38
But when your neighbors, when your Uncle Dick and your Aunt
24:42
Mary, right? And that annoying guy that you
24:45
know, at church or whatever, when they decide when they wake
24:49
up to the fact that they need to get silver and gold, we know
24:52
what, what do we call those people?
24:54
Those are the sheeple. When they come, it's going to be
25:01
incredible, right? Prospects like Jesse Colombo
25:05
talks about a $500 silver. I know it seems absurd.
25:09
Well, guess what, buttercup, right?
25:11
Six months ago, six years ago, when we were down here talking
25:16
about the price of silver, if I told you that in October of 2025
25:20
we're going to have $50 silver, you wouldn't have believed me
25:24
when Bitcoin was trading for $2300.
25:29
Had we told you the Bitcoin was going to go to over $100,000,
25:34
you would have said I was crazy, right?
25:36
I made videos go check me about a stock called Antero Resources
25:40
years ago when it was like a dollar a share.
25:43
If I told you it would go to 20, thirty, $40 per share, you would
25:47
have said I was crazy. The future in the price of
25:51
silver, $500 is nothing. It can go even way, way higher
25:56
than that. OK, we're measuring the price of
26:00
silver in our heads, most of us in U.S. dollars.
26:04
Maybe you're in Europe, maybe we're all over the world.
26:06
Because remember, basement dwellers and precious metal
26:10
lovers are everywhere in the world.
26:12
That's one of the big, big benefits to precious metals.
26:17
It's valuable everywhere that everybody in the world, OK?
26:22
And it always has been. These are the, are the timeless
26:27
stores of value. Look at what's going on in
26:31
Vietnam. Look at what's going on in
26:33
China. Look at what's going on in
26:35
India. Oh, by the way, did I, did I
26:37
mention to you that there's 1.4 billion people in both China and
26:43
India who are, let's just say, going a little crazy over
26:46
precious metals, at least from all these reports that we're
26:49
seeing? Hey, that's 2.8 billion people.
26:52
That's eight or nine times the number of people that we have in
26:55
the United States. And those are big developing
26:58
economies. We're not talking about the
27:01
China in India of 2011, right? The last time silver hit 50.
27:07
We're not talking about the China in India of 1980.
27:13
I mean, I bet the economies of China and India in 1980 or maybe
27:18
what, 1015% what they are today, We've never seen the amount of
27:25
stress in the paper Mark. The big markets, the exchanges,
27:33
the LBMA, the London Billion Market Association, and we feel
27:37
so bad for them that they're having such a difficult time
27:41
fulfilling their paper obligations.
27:46
We're in for a good wild ride. I think $500 silver in the next
27:50
10 years. When I'm sitting down here,
27:52
we're going to be talking about it.
27:53
I know right now what we're shooting for is $85 silver.
27:58
See that little teddy bear right there?
28:00
Because that's when we're going to take off the $85 blindfold on
28:04
the little silver teddy bear. It's going to happen.
28:07
Trust me. There was a time.
28:09
Wrong finger. That bear right there.
28:11
The big gold bear. He was the big gold bear and he
28:15
was blindfolded with a $2500 blindfold on for months.
28:19
The poor guy, he was even handcuffed.
28:22
People said no, we'll never get $2500 gold.
28:25
Ron, you're crazy. You're a shill for precious
28:29
metals, right? Well, guess what?
28:31
I think it's safe to say that the Bears had his blindfold off
28:34
for quite a while. It's going to be a wild great
28:37
ride together, guys. Keep up the great work.
28:39
Don't forget. Please subscribe, and I'm going
28:41
to look forward to seeing you. Yeah, I'm talking to you next
28:45
time. Have a good day.
28:46
Bye. Bye.
28:53
Bye bye.