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A Real SHOCKER⚡-SILVER Just had a MASSIVE Change... (PRICE Move!) Gold - Precious Metals News · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:01
Silver and gold were already making a massive big statement
0:04
this week. We're going to cover that.
0:06
But we've got massive breaking news just in the last few
0:10
minutes. The Supreme Court has struck
0:13
down President Donald Trump's tariff situation, and the
0:17
reactions in the market are nothing short of, to me,
0:20
surprising. Let's go take a look at the
0:23
headline, and then we're going to do a quick update on what's
0:26
happening in the gold and silver market.
0:28
There are fireworks going off every, everywhere, guys, let's
0:31
head out and see what the CNBC is telling us this morning
0:36
regarding hold on one second here.
0:40
Yep, here we go Should be on your screen.
0:42
Yes, it is Supreme Court strikes down Trump tariffs, rebuking
0:49
president's signature economic policy that is sending
0:52
shockwaves through different markets.
0:54
It actually is having the general markets go up the US
0:58
dollar. We're going to head over here to
1:01
MarketWatch. As you can see, this is the DXY
1:05
index. So the US dollar nose dived
1:09
right when that right when that announcement came out down,
1:12
down, down. But what do we care about dollar
1:17
smaller, right friends? We care about the price of gold
1:20
and silver and let's go see how that is doing.
1:23
We aren't going to count any chickens before they hatch.
1:26
But according to Kitco, and I want to update this for you, so
1:31
let me refresh the screen. According to Kitco, we have
1:35
silver up $3.22, gold up $48 per oz.
1:41
Wow, we are moving all over the place.
1:44
Let's go look at the futures market.
1:46
OK, Now the futures market, interestingly enough, we have
1:49
silver up $4.00 and that's actually hold on one second
1:55
here. This is the March contract.
1:58
Here we go. This is the March contract and
2:03
this is up-to-the-minute, 1053 actually delayed by by 10
2:08
minutes, but still we are moving all over the place right now.
2:13
We'll come back and look at this in a little bit.
2:15
I'm back at the spot market, $3.26, OK Already, though, we
2:21
had silver and gold making a huge statement to the Comex and
2:25
the LBMA. We're going to talk about
2:27
manipulation at the Comex and the LBMA a couple times today
2:31
during this live stream. But last Sunday I made a
2:35
prediction that I thought the silver price could actually go
2:38
up this week. Everybody out there in the world
2:40
of precious metals was saying because of the Chinese New Year
2:44
and the Shanghai Gold Exchange being closed, that the Comex and
2:48
the when the cats away, the mice will play, that the Comex and
2:51
the LBMA would, and that rhymes would take that opportunity to
2:57
smash the price of gold and silver.
2:59
Now, we even heard predictions of silver getting as low as $50.
3:03
And I told you I wasn't like making like, this is a sure
3:06
thing prediction, But I said wouldn't it be interesting?
3:09
And I said, I thought it would be likely since everybody was
3:13
telling us that silver would be down for the week if silver
3:16
would be up. Basement dwellers, if we
3:18
continue, who knows what's going to happen in the next few hours.
3:22
But if we continue on this trajectory, we will actually,
3:25
and I appreciate all the emails you guys are sending me saying,
3:28
hey, you called it Ron, but we would actually be up for the
3:32
week. There's a big signal in that
3:35
that is signaling that despite the fact that the Chinese
3:38
markets are closed, those people at the COMEX, some people call
3:43
it the Crime X in the LBMA, the London Billion Market
3:46
Association are maybe losing their grip on silver.
3:50
That silver in particular truly is exerting, right?
3:54
It's strength now because of physical demand and there's a
3:58
lot going on with China. We're going to talk about that,
4:01
man. We got a lot to talk about today
4:03
Before we go any further, if you want to stay up to date, I do
4:06
regular live streams. Please subscribe to the channel.
4:09
We'd love to have you come back and join us down here in the
4:12
basement. I'll leave a comment in the
4:14
comment section. Give this a thumbs up that helps
4:17
get the word out the more people and on top of that, come on
4:21
butter cups. You're smart.
4:23
You may not realize this, but according to Google, the people
4:27
that watch this, this show, right?
4:30
I got it over there somewhere. I've shown you many times are
4:33
highly sophisticated. So leave a comment in the
4:38
comment section so we can learn from you.
4:40
All right, let's go take a look. Now we're gonna look at some
4:42
charts. Interesting things are happening
4:45
on the gold chart again. Gold is the granddaddy of the
4:48
precious metals. Silver won't follow gold
4:51
exactly, but you know what I'm talking about.
4:53
It'll generally follow gold and there's some very interesting
4:56
developments on the gold charts. First we're going to go out here
5:00
to gold predictors. They can predict the future.
5:04
Must be nice. Gold predictors is telling us
5:07
this. Gold has completed.
5:09
This is interesting on 2 levels, a multi year base from 2011 to
5:14
2023 and broken decisively above long term resistance.
5:19
Price continues to advance on a quarterly chart without looking
5:23
back. The correction in January does
5:25
not change anything. Now there's two, two cool things
5:28
on this chart. Where did my uh oh, where did my
5:32
pen? Where did my crayons go?
5:33
Oh, there they are. Sorry, I'm losing it.
5:36
All right, we're we'll go with, we'll go with, we'll go with
5:40
blue. That'll stick out nicely.
5:42
OK, guys, right here. OK.
5:44
We have this shows starting in 2011 down there going through
5:50
what about 2021 right here. See that word, you may not be
5:55
able to read it. That says cup that I just
5:58
circled. That was the cup that formed in
6:02
the silver market, our gold market, I'm sorry.
6:05
And then we had a handle which now we have broken out of and as
6:10
you can see continue to March higher.
6:14
We know about the 45 year cup and handle in the silver market,
6:18
but we don't talk about it as much in the gold market.
6:21
Now on top of that, hold on here, on top of that as you can
6:25
see, OK, he has the circled over here.
6:28
We also have a massive long term ascending triangle which starts
6:33
all the way back here in 2008. Hold on OK, and goes all the way
6:39
through here right about 2024 And there's the top there's the
6:44
resistance, the key here and then we broke out of that as
6:47
well, right Cuz there's the the top part.
6:49
See how it makes like a triangle and my, my drawing it makes a
6:53
makes like a wedge. I call it wedge pattern, an
6:56
ascending wedge because it's going upward.
6:59
OK. So the important thing here is
7:03
we have broken out of this level right here from both a cup and
7:08
handle perspective and this ascending wedge perspective.
7:13
And those are both 2 very reliable chart patterns.
7:17
And again, this is gold, but what's good for gold is good for
7:21
silver. It's kind of like, I don't know,
7:23
like something that's good for your mom and dad.
7:26
If your parents win the lottery, that's going to be good for you
7:29
as well. All right, let's go look at the
7:31
next one. We got more charts.
7:32
This came from Rashad A Gold is about to break out from a
7:36
triangle formation. Previous breakout from similar
7:38
pattern result resulted in a 40% gain within less than three
7:43
months. 40% percent gain from the present price level suggests
7:49
$7000 gold. He misspoke and said silver.
7:52
Trust me, it's easy to get him mixed up.
7:54
But final parabolic run in the present cycle could result in
7:58
higher gold price by May of 2026.
8:01
Let's look at his triangles. 2 triangles.
8:04
He points this one out right there was that triangle there?
8:08
And then over the next 83 days we had a major 40% move up this
8:13
one here which has been forming. See that triangle in the gold
8:16
price has been forming over about the last, I think I looked
8:21
up like 2425 days. We're going to either breakdown
8:26
or we're going to break up, OK. And when we think about things
8:30
like the cup and handle that are working in our favor, like we
8:32
just looked at the ascending long term wedge that we just
8:35
looked at, I think, right, we're going to draw 2-UP arrows that
8:40
the odds are going towards the upside.
8:42
Let's talk about manipulation in these markets.
8:45
You guys are, I'm getting a lot of questions, so I'll ask you a
8:48
question. You know what spoofing is.
8:51
Spoofing is how they manipulate the price of silver and gold,
8:56
but especially silver on the big major exchanges.
9:01
There have been, there have been convictions, OK and major fines
9:05
levied against the big financial institutions for their traders
9:09
spoofing, manipulating. We dealt with it for years, like
9:13
we talked about earlier. What's happening right now is
9:17
more proof right that the comex and the LBMA are losing their
9:20
grip. But but let's talk about
9:23
spoofing. I'm going to explain it to you
9:24
very easily because it's the way that they manipulate the price.
9:29
I'll, I'll, I'll read you this quickly 1st and then I'll give
9:32
you a great example how the we got the right screen up there we
9:36
go. Yep OK from gold silver HQ how
9:38
banksters spoof silver lower right number one they flood the
9:44
screen with giant fake sell orders for millions of Oz.
9:50
It looks like huge supply like a lot of people are wanting to
9:54
sell their silver OK but they're fake orders.
9:58
Then bots and scared traders see this right the wall of red and
10:03
panic and they sell like Oh my gosh if there's all these
10:05
sellers coming I better sell my silver right now.
10:08
The price crashes 3 to 8% in minutes.
10:12
They then cancel 99% of those orders.
10:16
And this all happens super instantaneously, guys.
10:20
In milliseconds. They never meant to fill them,
10:23
OK? They never meant to sell all
10:25
that silver. Then they quietly buy back the
10:28
cheap silver they just created. They repeat every option.
10:32
Yeah, I need to interrupt you. Yeah.
10:41
There's Crab raid going on and I think it's supposed to be a good
10:44
thing, I'm just not familiar with it.
10:46
OK. See my right now, these people,
10:50
I think they came from another community.
10:52
OK, OK, OK, that's OK. What?
10:56
What are they called? Crab Raid Crab.
10:59
RAID, it's supposed to be fun and.
11:01
Everyone. Oh, some somebody's raiding
11:03
crab. Amazing.
11:05
He's OK. OK.
11:06
All right. I'll check that out.
11:07
Welcome, welcome, welcome to all the crabs.
11:10
Anyway, they rinse and repeat. That's called spoofing guys.
11:13
Sorry for that little interruption.
11:15
And thank you, Susie, for letting International.
11:19
International Stacker. Yeah.
11:21
Cool, man. Thank you.
11:22
Thanks for being here. More.
11:24
The more the merrier, right? The silver and gold community.
11:28
And we're growing like crazy. So welcome to the basement.
11:31
All the new people. I'm glad you're here.
11:33
This is awesome. Spoofing.
11:35
OK, so that's spoofing fake sell orders.
11:37
Here's another easy way to understand it.
11:39
Let's make believe that that, that, that you want to buy a
11:42
house in a neighborhood and there's 10 houses in that
11:45
neighborhood and only one is for sale and the guy won't budget on
11:50
his price, right? Think of that as being silver.
11:53
There's one house for sale. There's 10 houses in the
11:56
neighborhood. You want to buy it.
11:58
If you were a spoofer, what you might do if you were like one of
12:02
the big bullion banks, you might go to five of those other
12:05
neighbors. Excuse me?
12:09
You might go to five of those other neighbors and knock on
12:11
their door and say, hey, I'll pay you 100 bucks if you put a
12:15
for sale sign in your front yard for a week.
12:18
OK, So suddenly there's five more houses that appear to be
12:22
for sale in that neighborhood, but they're not really for sale.
12:26
And the one guy who actually wants to sell his house but
12:29
won't budget on his price, right?
12:31
He might get scared and then you knock on his door and make him
12:34
an offer for 50K less than what he was asking and he may sell it
12:38
in an artificially low price and then all those other for sale
12:41
signs go down. I hope that makes sense.
12:43
That's spoofing. That's the way it works.
12:45
OK, let's talk about gold 00 silver.
12:48
I didn't even tell you this, right?
12:51
There's a big Swiss or Swedish anyway, financial firm that is
12:56
saying in no uncertain terms that we can have 100 and this is
12:59
a big firm, $133 silver. We'll get to that next.
13:03
Thank you First Mint for sponsoring Ron's basement.
13:06
They are a silver specialist mint in Las Vegas, NV.
13:12
You know, they're owned by First Majestic Silver who mines the
13:16
silver in Mexico, sends it to Las Vegas to first Met where
13:19
it's transformed into world class silver bullion products.
13:22
And then it goes straight to you, literally from the mine to
13:25
the meant to you. It's the freshest silver in
13:28
town. OK.
13:29
You can check them out at firstmet.com.
13:32
There is a discount code that you can use VIPRB.
13:37
Here's the website right here. You can go to their store and
13:41
check out everything They have bars, rounds, accessories.
13:43
They got a new product coming out.
13:46
You're the snake. That's not it.
13:48
It's their new year of the horse round.
13:50
And I'll tell you what their products are beautiful and I
13:53
appreciate all the great feedback from you, the basement
13:56
dweller community. You guys are experiencing what I
13:59
am. They are like a premium retail
14:01
experience for average people like us to get our hands on the
14:04
freshest silver in town and think about it from the mine to
14:07
the meant to you. No Comex, no LBMA.
14:10
It is spoof proof. Oh my gosh, that's a new one.
14:13
I'll have to share it with the guys at First Met, Right, First
14:16
Met Silver. It's spoof proof because it's
14:19
never been touched by the COMEX or the LBMA.
14:23
Let's talk about this big firm called telling us we're going to
14:26
get much, much higher prices. Hold on here.
14:30
Did I? Do we share this already?
14:32
Yes. OK, here we go.
14:35
Should be looking at it now from Kitco and our good friend, I
14:38
love Niels Christensen. I've never met him.
14:42
He used to do videos. What a great guy.
14:44
He puts out unbelievable literary journalistic work, I
14:48
guess is the right term within the gold and silver sector.
14:51
And he says gold is headed to $6000 this year, silver to 133,
14:58
but expect 30% price swings. That's from AUAG funds.
15:03
They said some interesting things last week.
15:07
AAUAG Funds published a 2026 outlook and the analyst said
15:12
they expect the gold price to push decisively above 6000 per
15:16
oz this year and see silver price reaching 133 per oz, which
15:21
would put the gold silver ratio back to last month's multi year
15:25
low of 45. And we all know that
15:28
historically that can get as low as 1520, even lower than that.
15:34
The Swedish investment company. So they're Swedish.
15:38
So Susie upstairs, Susie, my lovely and talented companion, a
15:42
friend of all of us down here in the basement, said that in a
15:45
bull market, investors should expect to see 20 to 30% price
15:50
swings. So guys, don't forget, right?
15:54
Volatility is not, it's a feature of the gold and an in
15:59
particular the silver market. It's a feature of the market.
16:03
Let me look at you and tell you this.
16:04
We got it. This is important for us to
16:06
remember and we've been through, have we been through a little?
16:09
Was it 3 weeks ago today that silver went down like the most
16:12
ever in the history of the universe?
16:14
But volatility is a feature of the silver market in particular,
16:19
not a bug. It's part of the process.
16:22
When silver had its epic run in the 70s, it had massive pull
16:26
backs, massive volatility during that period.
16:29
Same thing happened from 2001 to 2011 with silver went on an epic
16:33
run, right, massive volatility, volatility.
16:37
I know it stinks. I know it's, you know, the red
16:39
days are no fun, no doubt about it, but it's a feature of the
16:43
market. There will be more volatility.
16:45
I hate to break the news to you, OK, but that the end result I
16:51
believe will be much, much higher silver and gold prices.
16:53
Let's go back out to the article.
16:55
That's what you're here for. At the same time, the analyst
16:58
said it's only a matter of time before global debt is monetized,
17:04
with central banks led by the Federal Reserve cutting interest
17:07
rates while simultaneously launching new quantitative
17:12
easing measures to suppress long term yields.
17:15
OK, look, yeah, it's inevitable. It's math.
17:18
If you can work a calculator, if you could pass a third grade
17:21
math test, maybe second grade math test.
17:24
Anyway, you can look at the US debt clock.
17:27
You can do basic arithmetic and see that there's only one thing
17:31
that our government and all these Fiat currencies around the
17:34
world are going to be able to do, and that is monetize the
17:37
debt, which simply means print make believe money, print more
17:41
dollars, right to buy the debt from themselves.
17:44
It's like AI don't know what you call it, a quambazi or
17:47
something, you know, like a circular.
17:49
It's like a company selling stuff to themselves.
17:52
It just doesn't make sense. All right, OK, here we go.
17:55
Silver. This is what they thought.
17:57
Let's focus in on silver because they believe silver has
18:00
significantly more potential. Excuse me as prices could still
18:05
double in the current in the current environment.
18:11
AUAG funds noted that among with along with its role as a
18:16
monetary metal, silver will see strong fundamental support as an
18:20
industrial metal. And they bring up a great point
18:23
here. After some several years of
18:25
supply deficits relative to demand, the market is
18:28
approaching a situation that could have a significant impact
18:31
on price formation. OK, a physical shortage has the
18:35
potential to double the price of silver within a very short
18:39
period of time. Demand for silver is also highly
18:43
inelastic. No matter how much the price
18:47
increases, it's highly unlikely there will be any meaningful
18:51
decline in use usage. This is partly because silver's
18:56
properties are irreplaceable the part and partly because, easy
19:02
for me to say, silver typically represents only a small portion
19:06
of the of the total cost of of the finished products.
19:10
So think about your grandma making those great chocolate
19:13
chip cookies you loved as a kid, OK?
19:15
And they call for 1/2 a cup of sugar.
19:18
Grandma doesn't care if a pound of sugar cost $2.00 or a pound
19:22
of sugar cost $20, maybe even $50.00, right?
19:26
She's still going to use sugar in her cookies.
19:29
And the same thing is true with silver solar panel
19:33
manufacturers, microchip makers, all these different people that
19:37
use silver, these things, things, you know, don't forget,
19:40
All right, this is a silver. It's a little silver bar that
19:43
I'm holding in my hand right now.
19:44
There's silver in this Samsung, whatever phone I have, They
19:49
aren't going to cut out silver because the price goes to 200 or
19:53
$300. No, they're just going to pass
19:55
it on to the consumers. And we're going to be, it's like
19:59
the AI guy isn't that wasn't that funny?
20:02
Last week, right, the the AI guy who said, hey, artificial
20:07
intelligence is going to take your job.
20:09
Did you know that, right? Artificial intelligence is
20:11
replacing all the jobs and silver stackers are like, well,
20:14
hey, that's OK, because I've got a lot of silver, excuse me?
20:19
And AI needs a ton ton ton of silver.
20:23
Further proof that the days are numbered for the Comex.
20:27
This is super interesting. Before I do that, thank you
20:30
first mining gold for sponsoring Ron's basement there a
20:34
development stage gold company in Canada. 2 huge multi million
20:38
ounce projects, Spring pool in Ontario, du Parquet in Quebec.
20:42
I actually talked to the CEO last night.
20:44
He was at the airport. We talked for like 15 minutes.
20:47
I'll tell you more about that in a little bit, but there aren't a
20:49
lot of big multi million ounce gold projects in Canada and 1st
20:55
mining Gold, excuse me, has two of them.
20:58
OK, and the big companies, the big mining companies having some
21:03
voice problems today. Oh well, we're live and I'm glad
21:07
you're here. And those big gold mining
21:09
companies, they need to get their hands right.
21:12
They need to refill their pipelines.
21:14
They want to grow the gold, the gold and silver mining
21:17
companies. And we're going to talk about
21:18
this next and what it has to do with the Comex.
21:21
It's very interesting. But these big mining companies
21:24
are printing money right now, OK.
21:28
And they not only need to replace the oz that they dig up
21:31
out of the ground, but now they want to grow as well.
21:35
And let's just say they got the money to do it.
21:37
You can learn more about first mininggold@firstmininggold.com
21:41
Is the are the days numbered for the COMEX?
21:43
Because there's something that's happening with the mining
21:46
companies that is super interesting in relation to the
21:50
silver price at the COMEX. Not that it's been spoofed or
21:54
manipulated or anything like that in the past, but get a load
21:57
of this and there's a strong message in this for Silver
22:02
investors everywhere from the Silver Academy when?
22:07
You're finished. OK, thank you upstairs, Susie, I
22:11
will ring the the golden. All right, thank you upstairs.
22:18
Susie would like you to give more thumbs up.
22:20
When we get the 500. We will ring the good luck
22:23
golden gong for our friends in China who will be back buying
22:27
gold and silver next week. Welcome back, Cotter.
22:30
Welcome back. All right, now back to this.
22:32
The Comex silver miners blow up the COMEX fantasy Hekla in first
22:39
Majestic report Q4 realized prices roughly 26% above the
22:47
official paper price. OK, we'll come back.
22:50
I'm going to come back. We're going to we're going to
22:52
hold on here. Hold on here, guys.
22:54
I want to explain this, what this means.
22:57
Basically during the fourth quarter of 2025, the silver
23:01
price was on average. The average for October,
23:05
November, December was $55 per oz.
23:08
That was the average over the entire three month period.
23:12
When you take all 90 days and divide it by 9, you know how to
23:16
figure out an average. OK, so Hekla, the America's
23:20
biggest silver mining company, and 1st Majestic, who happens to
23:24
own our sponsor, first met, right?
23:27
They should have, on average, sold silver for around $55 per
23:31
house because that's what the comex price says that it was on
23:36
average for the whole month. But guess what?
23:39
It was a little bit different. OK, let's go take a look what
23:42
people were actually paying for. Hold on here.
23:46
Oh, I forgot the did I? No.
23:49
All right, hold on. Hopefully you're seeing the
23:50
right screen. OK.
23:53
Hekla's December quarter is the cleanest towel.
23:56
The company reported an average silver price sales price of
24:02
almost $70 in Q4200025. How could that be?
24:09
If the COMEX says the average silver price was $55 in Q4, how
24:14
could Hekla be selling physical silver for $70.00?
24:18
But wait, there's more because it says here then first Majestic
24:23
comes in and confirms the pattern independently in its Q
24:27
four 2025 highlights. First Majestic reported an
24:31
average sales price also of almost $70 per oz says two
24:37
different producers, two different sales books, same
24:40
result negotiated physical price is running well above what the
24:45
futures market says it is. OK, that's the real story.
24:50
That's physical silver. Now, possibly they both got
24:54
lucky and sold a bunch of silver and, you know, whatever.
24:57
But the reality is it's at minimum.
25:01
Wouldn't you say that it's very interesting, right, that the
25:04
futures market, the COMEX, is telling us that the average
25:07
price was $55. But the actual miners, the ones
25:11
who are doing the work, digging the silver out of the ground,
25:15
are reporting right with audited financial statements that they
25:19
sold silver in an average price of almost $70 per oz.
25:23
Doesn't that sound eerily similar to what we see when we
25:27
compare the COMEX in the LBMA price average to the average
25:33
prices that we see in, oh, where's that?
25:36
Oh yeah, China, the Shanghai Gold Exchange in the Shanghai
25:40
Futures Exchange, which has been running like 8-9, seven, $512
25:46
per oz higher. Guys, the reality is this, the
25:48
big take away is this, in my humble opinion, from my
25:52
basement. And by the way, I'm glad you're
25:53
here. Don't forget to subscribe.
25:55
And if we get the 500 thumbs up upstairs, Susie is going to
25:58
chime in and give the a OK for us to ring in the golden gone
26:02
right. But what it tells us is this
26:04
real simple. The physical market is taking
26:09
over. OK.
26:11
We are in a new world, a new paradigm for silver and gold.
26:15
When I was talking with Dan Wilton last night, the CEO of
26:18
First Mining Gold, we were talking about how, how the world
26:22
is so different in from the perspective of the gold and
26:25
silver price, right, geopolitically, what's going on
26:29
in the world. And he said something and I'm
26:31
not putting words in his mouth, so I'm not going to quote him.
26:33
But like, it's not like an epidemic of trust is going to
26:37
break out in the world. Like there's a lot of
26:39
geopolitical uncertainty, which has been driving countries to to
26:43
scramble, which is the word Dan and I used like 6-6 or six
26:48
weeks, 8 weeks ago, scramble to get their hands on these metals.
26:52
That's not going to change geopolitically.
26:54
And then the icing on top is looking at the fiscal situation,
26:58
the debt situation in the United States and the world.
27:01
You know what, let's go take a quick look at it, then we'll
27:03
come back. Don't you worry.
27:05
Don't you worry. All right, we look at this.
27:09
Here's the US debt clock boy. What do you know, Man, I'm
27:14
always so shocked. I'm sure you are too, to see
27:17
this on the US debt clock. the US national debt continues to
27:22
explode. I mean, we're going to be at 40
27:25
trillion. Maybe we'll have a 40 trillion
27:27
party when we get there, but we're at 38 trillion, 700
27:30
billion in national debt, guys, the average taxpayer in the
27:35
United States, that works out to them owing 355.
27:39
I got news for you. And then of course, we can go
27:41
down here. All right, I'll do it for you.
27:43
There's our interest, almost a trillion, 127.
27:47
Oh, cool. All right, we're going to ring
27:48
the golden gone guys, don't you worry.
27:50
Hold on. Let me get let me go back here.
27:53
OK, Down here is the debt. Ah, this makes me so mad.
27:57
I'm sorry. The interest on the debt, right,
27:59
a trillion dollars. OK, this is our deficit, $1.7
28:05
trillion, which is going to get worse now that the tariffs have
28:10
gone away. The national debt follow the
28:12
arrow right creates. Can I make that bigger?
28:16
Hold on. Oh, yeah, I can Hold on a
28:20
second. Guys, this is fun.
28:23
See if we can do it this way. Oh, look at that.
28:27
I just learned something new. The national debt creates the
28:31
interest expense. OK.
28:33
And nobody wants to buy our debt anyway.
28:34
So in real terms, debt should go up.
28:36
The only way we're going to get the interest rates down is by
28:39
printing more money. But that creates the interest
28:42
expense, the level of the debt the interest expense feeds into,
28:47
right, the budget deficit. The budget deficit gets bigger
28:50
than the budget deficit makes this get bigger again.
28:55
OK, The national debt, follow my cursor.
28:58
That is what you call a debt spiral.
29:01
And the only thing they're going to be able to do to deal with
29:04
that is to print money. OK.
29:07
If you don't understand what I did to say, go back.
29:09
Look at it. It makes sense.
29:10
You don't even have to use a calculator, right?
29:13
And as nobody wants to buy our debt more and more, that'll make
29:16
interest rates go up higher. That'll make the interest
29:19
expense get higher, which makes the it's not good anyway.
29:24
That's why you've made the decision to protect yourself
29:26
with some gold and silver. Hold on one second here, let me
29:30
go out to and thanks to the people who showed up and we got
29:34
a couple super chats. Let me see those first.
29:37
Oh my gosh, thank you for the Super sticker.
29:39
This girl. I appreciate it.
29:41
And AODBGO. Dirty bastard.
29:45
Go go ahead. Hold on.
29:46
Susie's calling. Did you need something,
29:49
sweetheart? Gong.
29:52
OK, I'll shut up and bring the gong.
29:56
This is the Golden Dawn. Oh, wow.
29:59
It's got the anyway, if you look at it, it's got the Chinese
30:03
calendar on there. We'll be waiting for our friends
30:06
to come back from Chinese New Year.
30:08
We will have about 1.4 billion more buyers of gold and silver
30:14
showing up next week. We're going to ring the gong
30:16
five times. You're going to get to see it up
30:18
close out here, out close. Welcome back to our friends in
30:28
China. We appreciate you, OODBG.
30:32
Old dirty bastard Garage has been around the basement for so
30:34
long. He's got the best username on
30:37
YouTube. Don't forget.
30:38
Guys, please subscribe. Give this a thumbs up like you
30:40
already have. We appreciate you.
30:42
It's going to be wild. It's going to be, I think next
30:45
week, next week. You never know what's going to
30:47
happen, but next week I think could be real interesting.
30:51
OK, we'll stay on top of things. Come back in the basement.
30:54
Join us some more. Thank.
30:55
Thank you for being here today. OK.
30:57
And I really seriously will look forward to seeing you.
31:01
Yeah. I see you right now.
31:02
I'm looking at you. I'll see you next time.
31:05
Thank you.