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Gold $5,000 & Silver $100: Why the 2026 Milestone is Closer Than You Think · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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Gold $5000 per oz. Silver, $100 per oz.
0:06
Likely sooner than most of us ever dreamed about.
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We've got big moves, volatile moves in the gold and especially
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in the silver market overnight. We're going to dissect that.
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We're going to talk about big news out of China.
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We're going to talk about big news out of the COMEX.
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We're going to talk about big news out of the biggest the
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bullion dealer. We're going to talk about
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mainstream media, Citibank, everybody.
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All the reasons, all the examples why we, I believe, can
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remain very optimistic about the price of gold and silver.
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But the biggest thing we're going to talk about right now is
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you. Yeah, right.
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We're the biggest show in precious metals, but the biggest
0:46
deal is you showing up every day, every time we go live.
0:51
This is not possible without you.
0:53
You're important, you're special, you're a basement
0:55
dweller. When you're down here with us
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talking about gold and silver, please subscribe to the channel.
1:00
Give the video a thumbs up, hit the bell thing so you get
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notified. Leave a comment in the comment
1:06
section. We really want to hear from you.
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We really want to learn from you.
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That's how we do it. We don't always disagree or we
1:13
don't always disagree, but we also certainly don't always
1:16
agree either. And that's how we learn.
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And there's one more thing. Oh yeah, super chats.
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Always super appreciated. Absolutely not expected.
1:26
Everything in the basement here is free.
1:28
I got some great sponsors. Now let's talk about what's
1:30
going on overnight, right? Yesterday, about what, 8 o'clock
1:34
9:00 Eastern, the gold price. But the silver price got
1:38
clobbered. It was ugly.
1:40
OK? But let's take a look first at
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what happened in China overnight, because we've got
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some interesting news from two sources about silver in China.
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The first one came from Eric Yuong, the King Kong 9888.
1:56
He said today the Shanghai Gold Exchange benchmark Precious
2:00
metal spot silver price is $99.98 per Troy oz equivalent.
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This is on exchange Shanghai Gold Exchange, which is their
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physical market price that does not.
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This is important. There's a reason why we're going
2:18
to look at this next. This does not include the VAT,
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which stands for Value Added Tax.
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The VAT is added to this price upon load out of physical
2:29
silver. And hold on one second here
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guys, I want to get the get the screen up properly for you.
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Hold on. All right, here we go.
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OK, Now we should be seeing it now.
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So that's a big deal, right? No matter what happened last
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night on the Comex, and we're going to look at that next as
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well. And we got a lot more to cover,
2:52
like we've already talked about the actual price of silver
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physical in China, just what, 2 cents under $100.
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But wait, there's more, because I believe yes.
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Thank you King Kong 9888. I've been following him for
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years. One of the most reliable and
3:12
insightful sources of information for the silver and
3:15
gold community besides that crazy guy in his basement in
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Saint Louis today. The Shanghai Gold Exchange
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physical silver price, including the value added tax upon load
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out of the physical silver on the SGE vaults is actually $113
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per. Okay, he goes through all the
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computations down here. Trust me, they're accurate, he
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said. Note the SG E only quote silver
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prices that are without the value added tax included.
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That's what we looked at earlier, $99.98.
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OK. But when you add in the VAT tax,
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the actual physical price of silver in China is currently 113
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dollars. Why is that important?
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It's important for a couple reasons #1 because that's their
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physical market in China, but more importantly, right, China
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and the East, including India with their 1.4 billion people
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and they're rapidly expanding economy.
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Those countries are taking over the price discovery for silver.
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Yeah. And we're going to talk about
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the COMEX next, right? The COMEX has this make believe
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silver price paper, Fantasy Island silver Duplain, Duplain,
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right, right. Make believe paper, electronic,
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whatever you want to call it, leverage 304 hundred to one.
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What matters is now in this new environment that we're in for
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silver, is the physical price what you're paying at your local
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coin shop? I look last night, if you looked
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around at some of the online bullion dealers, we're seeing
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prices for American Silver Eagles that went like 2 1/2
5:00
years ago. I think I was, I bought some for
5:03
like $28.00 each $100 plus it's like $100.
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If you buy like you know, 15 million of them and you
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basically pay with cash. If you want to buy like 1 to
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500, the prices were like 100 and 405 dollars.
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That's what's determining the price and not necessarily that
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was just an example. I want to make this very clear,
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something very important for us to realize and it may hurt our
5:29
feelings. Don't get mad at me, but the
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retail silver demand really doesn't set the price for
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silver. It's the big big players.
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And guess what? The reason why that's important
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for us to realize right now the big big players are China and
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India and the East that are taking over price discovery for
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silver. But just for kicks and giggles,
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those poor, those poor souls at the comex in the LBMA.
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Let's go see what they're and I got a funny one for you to see
6:01
later. We're going to save it to the
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end. One of the one of the best
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pieces of silver humor that you're ever going to see.
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But let's just do a quick update on oh, oh, hold on here.
6:12
We'll come back. Well, you know what, we'll talk
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about this then we'll go. This is from Rashad and this I,
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I had not seen it presented in this way and I'm not sharing the
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right screen, which I am now. Then we will go to the Comex.
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We'll go visit our friends over at the Comex, the paper market.
6:30
But Rashad said this silver was rejected.
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This was last night at the upper band of a rising 2 month
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channel, 2 months. Once the restart is over, I
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expect silver to break out from this channel upwards of $100
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plus. Now take a look at this chart.
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I did. This was the first, so I congrat
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Rashad for this. We've got a 2 month channel
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starting at November 13th, 2025 through last night right here.
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OK. The two red circles, as you can
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clearly see, right, What he's talking about is this channel
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that the silver price stayed within, OK, And as you can
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clearly see on this chart, we have bounced.
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Hold on here, wrong thing. I get my cramp, my right cramp,
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my right cramp out. We've bounced around within this
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channel. We went up yesterday and bounced
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down. We can still bounce down
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significantly. I don't think or hope that that
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will happen and still remain in what is a very powerful channel
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for the gold price and the silver price.
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You know what, Speaking of the Comex, and then we're going to
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look at some crazy data, which there's a big reason why we want
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to look at this. But before we do that, let's go
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out and look at what's going on right now in oh, my gosh, is
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this happening? Is this accurate?
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Is silver actually up right now? Hold on a second.
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This is the March. We're going to refresh this that
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I might be having technical difficulties.
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OK, Silver's down 1 1/2 cents. Oh my gosh, guys, I have never
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seen silver be so resilient. Now it's up four cents.
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Hey, let's stay here as long as it keeps going up.
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What do you say, my fellow basement dwellers?
8:22
Wow. So let's look at a five day
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chart of silver. We'll pull that up.
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Obviously that was this right here is probably last night
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right where we had the silver price down 5 bucks an ounce and
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now we're up again 1/2 of a cent unbelievable.
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Let's go look at the spot price since we're out here right now
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now that that was the futures that's if you want silver that
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supposedly can be delivered to you in March and here's the spot
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OK, the spot price is still showing down a little bit.
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This might be delayed a little, a little tad bit, but still OK,
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Silver showing in both the spot and the futures market.
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Just incredible resilience and I wonder why?
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Maybe because the paper game is up.
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Let me get us out here to the bright.
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Here we go we'll touch on this quick 'cause we got to give him
9:18
his due. He shows up every day so we show
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up every day. The dude told tells us that
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yesterday the silver market traded 1.2 billion paper oz.
9:29
Now we're going to go over to Hanza.
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I love Hanza for some analysis of this.
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He says basically, hold on, make sure we got you up.
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You do, you're up, you're here. By the way, guys, thank you all
9:41
for being here. Hundreds of us, thousands of us
9:44
joining together in the basement every every single day for the
9:47
biggest show in precious metals. Don't forget to subscribe.
9:51
I won't ask you that again. Hanza tells us one day, 1.27
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billion ounces of paper. OK, ODBG, thank you for the
10:04
Super chat, my friend. Thank you Susie for piping in
10:07
there anyway, 1.27 billion oz one day on the paper exchange
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the comex OK, that equals 1.27 billion ounces of silver moved
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and he says silver and quotes. I love that.
10:22
Thank you Hans. I just caught that that's funny
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paper make believe fantasy island silver in one day.
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Let that sink in. That's nearly 40,000 metric
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tons. But more importantly, that's one
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point 5X the annual global mine supply.
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Mostly no physical delivery occurred.
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And he says this. This is not price discovery
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highlighted in blue. This is paper leverage
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suppressing a physical market already in a structural deficit.
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You don't need retail hype. OK, we don't need it, but when
11:02
it comes that'll help even more. Right when the other 98% of
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people, sheep warning the people that we affectionately refer to
11:10
as the sheeple show up, there's not going to be any silver for
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them at their local coin shop. They're going to walk in and see
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a bunch of empty cases. I don't know, maybe they'll be
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some Lego figures in there or something.
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Anyway, we don't need the ETS. You don't need sentiment.
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The math alone is screaming. The physical market is tight.
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Paper silver is the illusion own what they can't print, own what
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they can't settle with cash. Physical is greater than paper.
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OK, I need to collect myself that is moving right?
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OK, We got to remember so critical right now what we are
12:00
experiencing. Guys, let's take a deep breath
12:03
and realize what we are experiencing right now in the
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silver market, in the gold market is nothing short of
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historic. This is a historic live stream
12:15
that we're involved in right now, right?
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The world has changed, the paradigm has shifted, OK, Could
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I be wrong? Absolutely.
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Am I wrong? Absolutely not, in my opinion.
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You of course make your own decision.
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I'm not a financial advisor any of that.
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But regardless of what happens in these markets, there's gonna
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warning. I forgot the warning.
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There's going to be volatility. Buckle up, buttercup.
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Right? We saw it last night.
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I mean, honestly, last night at like 10:00 when silver was down
12:45
6 bucks, I was like, OK, well, you know, it can get, it's going
12:49
to be there. But the reality is we are in a
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whole new world for precious metals.
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We talked about this yesterday geopolitically, right?
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The world has never in our lifetimes been in the situation
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that is in right now. There's more strife and conflict
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in the world between countries than ever before.
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But on top of that, there's never been such financial chaos
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worldwide debt, right promises. Everybody thinks they're going
13:16
to get repaid with this paper make believe money.
13:19
We are in a whole new world when it comes to gold and silver.
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Now we're next we're going to talk about one of the world's
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biggest bullion dealers and some shocking news that came out of
13:29
them. Before we do that, I want to
13:31
talk to you whoa, whoa, whoa about a great place where you
13:35
can get physical silver. They are silver specialist and
13:38
they're silver specialist, right?
13:40
Because they're owned by First Majestic Silver, right?
13:44
One of the world's bigger silver mining companies, right?
13:47
First meant it's a mint in Las Vegas, NV.
13:51
All they do is silver. They get their silver from First
13:55
Majestic. First Mint in Las Vegas, NV
13:58
transforms it into world class silver bullion products and then
14:02
it goes straight to you. Remember that 1.27 billion
14:05
ounces of paper silver? There it is.
14:08
Grab grab yourself all the paper silver you want right when you
14:12
buy silver from First Mint, it goes directly from the mine to
14:16
the mint to you. It never gets touched by the
14:19
COMEX. It never gets touched by the
14:21
LBMA. If you want to learn more about
14:23
First Mint and check out all their great products, here is
14:26
their website, firstmint.com. Free shipping on orders over
14:30
$299. They're busy like everybody.
14:34
There's some slight shipping delays, but check them out.
14:36
There's their store bars, rounds, and the Folds of Honor
14:39
product line. You can check that out as well.
14:42
But we also got some incredible news gives us an idea of what go
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what is going on on the investment side of silver right
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now. And it came from APMEX, right?
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APMEX has been around forever. They're big, they're huge.
14:57
And wait till you hear what they had to say and why we think this
15:00
is so critical with what's going on in the silver market right
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now. Hold on, I'm going to get you to
15:06
the right page. Here we are.
15:09
And from Silver D Gen. APMEX institutes a $10,000
15:20
minimum order requirement. APMEX just dropped the hammer on
15:24
the silver market in total chaos mode.
15:28
Their CEO just sent out this bombshell letter confirming the
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squeeze is real and it's hitting hard today, January 14th.
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That was yesterday 2026 key highlights summarized by our
15:40
friends. It's over Dijon, thank you for
15:42
doing that $10,000 minimum on all retail purchases right now
15:48
to throttle the insane volume orders delayed at least four
15:52
business days. OK.
15:54
And they're adding four extra days to the ship dates minting
15:58
that that and they're they're minting focus.
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There is now laser focused on just 31.
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Sorry, I'm losing my voice. I'm so excited.
16:08
Products up to 21 in stock already gunning for most by
16:14
weekend if demand doesn't spike again.
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Pre sales mostly shut off unless they can ship in two weeks.
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And here's the letter. We won't read through it cuz our
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friends at the silver D Gen. I did such a great job
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summarizing it, but it was a letter from, let's go to the
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bottom and see if he signed it. Ken Lewis, chief executive
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officer at APMEX. So what does that tell us?
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Maybe there's a shortage of silver, not just at APMEX, but
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we know all around the world we're getting reports out of
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China on the ground, right, that like there's craziness going on
16:54
in their silver market. We're getting it now from one of
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the world's biggest bullion dealers.
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There's craziness in the silver market, but we're getting it
17:03
from all angles. Mainstream media, we're going to
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talk about this next and why that's important.
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And we're also, we're also getting it from one of the mega
17:14
banks. Good news for gold and silver.
17:16
I want to say thank you right now to first mining gold for
17:20
sponsoring Ron's Basement. Look, it's a stock that I owned
17:24
long before they sponsored my channel, OK?
17:27
I'm not a stock advisor, not a stock broker, not a financial
17:31
advisor, anything like that, but I feel good about first Mining
17:35
Gold because they have two huge development stage gold projects
17:40
in Canada. That's a great jurisdiction and
17:43
they've got two of the biggest development stage projects.
17:46
And look, these big mining companies, the big producers
17:49
right now that are minting money, they need to refill their
17:53
pipeline with big projects and jurisdiction is becoming more
17:58
and more important. But wait, there's more because
18:01
those same big mining companies that need to reap every time
18:04
they mine an ounce of gold, they got to find more resources to
18:07
mine in the future. But not only that, now they're
18:10
all focused on growing. And I think the tide is just
18:14
starting to come in for the overall mining sector.
18:17
It'll be very interesting to see how things develop in the sector
18:21
and with first mining gold. You can learn more about them at
18:24
firstmininggold.com. Let's go see what CNBC and the
18:29
reason why it's important that we get this news coming out from
18:32
the big mainstream media. Explain.
18:35
One more time about the committee and.
18:38
The blind. Oh, yeah, yes, yes, yes, yes.
18:40
OK, Smitty. OK, let's take a quick detour.
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As many of you know, we've had a blindfolded silver bear in the
18:47
basement for years and years. His name is Smitty, OK?
18:51
And his blindfold says $85. And I've said for years and
18:55
years that I would take his blindfold off when the silver
18:58
price hit $85. I also had a blindfold on this
19:02
Big Bear for $2500 gold. We take the blindfolds off when
19:07
the weekly spot price closes above the blindfold amount.
19:12
So in the case of Smitty, the silver bear, that little cutie
19:15
right there, that means that on Friday when the spot price as
19:20
reported, as reported from Kitco that we looked at earlier on
19:24
Friday night, if the spot price closes above $85 this weekend,
19:29
we'll have a great big fun party live stream and we will take the
19:33
blindfold off Smitty at that point, the $85 blindfold.
19:36
And I'm sorry, I was late to the live stream today because I was
19:38
trying to move it so his eye would peek out.
19:40
But there's just no way to do it and Susie is going to be mad at
19:43
me. That's upstairs Susie.
19:44
Everybody say everybody say hi and thank you to upstairs Susie.
19:48
She's a big character here on the channel High 5 to you from
19:52
upstairs, Susie. She was wanting me to have his
19:54
eye peek and I couldn't figure it out, so I apologize.
19:58
Now let's go to CNBC and see what they're saying about gold
20:02
and silver in particular. And wrong one.
20:06
Here we go. Boom.
20:09
Make sure we got the right screen up, which we do, OK?
20:12
CNBC. Yes, that's CNBC.
20:15
The mainstream of the mainstream media, OK, says resource
20:19
nationalism. Could propel gold to 5000 and
20:23
silver to $100 this year. OK.
20:28
This is according to well, it's read the yellow.
20:30
One factor driving the upward price movement is resource
20:34
nationalism. And we don't, we kind of talk
20:37
about that with the geopolitical situation going on in the world.
20:39
But guys, that's what's happening.
20:41
There's a scramble for resources, including gold and
20:45
now especially including silver. That's according to Evelyn
20:49
Partners, Daniel Casali, with the US and China both trying to
20:55
gain leverage through control of critical resources.
21:00
And then silver is widely used in manufacturing.
21:03
Oh, wow, that's news. I bet that's news to you too,
21:05
right? And China, China placed export
21:10
controls on the metal in December.
21:12
Man, everywhere we turn, there's been so many things to remember
21:16
when it comes to silver on a big macro level, but a micro level
21:20
as well. And, and so this one comes out.
21:23
Why is this important? Because guess what, you and I,
21:26
OK, we already know that pretty much most all of us do.
21:31
If it's news to you, that's great.
21:32
But this is being distributed on CNBC.
21:36
Again, mainstream media. And the other critical thing to
21:41
remember is that mainstream media, mainstream generalist
21:44
investors who have not yet started to really come in to the
21:49
gold and silver sector. It's barely, I think we're in
21:52
the second, maybe third inning when they read articles like
21:56
this and they start to become aware it's going to take just a
21:59
little tiny amount. We have what's called the law of
22:03
small numbers working in our favor.
22:07
Hold on, we're having some streaming software issues.
22:09
There we are. We're back.
22:10
The law of small numbers, you want to get excited about
22:13
something and silver and gold, the fact that we've only got,
22:16
let's say two, 3% of people that are invested in silver and gold,
22:20
it only takes a small increase to have a massive impact on the
22:25
markets. Because if we go from 2 1/2
22:28
percent to 5%, that's a double. And that's really, on a historic
22:33
basis, quite low in terms of the total investable assets that are
22:38
in the precious metal sector, physical metals and mining
22:41
stocks. To go from 2 1/2% to 5% is a
22:45
heck of that's the law of favorable small numbers for
22:48
precious metals. It's a lot easier than going
22:50
from 14% to 28%, OK. And if we go from 2 1/2% to 7
22:58
1/2%, that's like a 200% increase.
23:02
So the smallest increase could be like a flood of money, right?
23:07
Liquidity, however you want to look at it, right?
23:09
It's like that guy Doug Casey has said before.
23:12
It's like trying to drain Hoover Dam with a garden hose.
23:17
There's just not enough metal and there's just not enough
23:20
resource stocks, gold and silver mining stocks to to supply.
23:25
What could be? I could be wrong.
23:28
It happens from time to time, but there's just not enough out
23:32
there to fulfill what could be a voracious appetite for the
23:36
precious metal sector. Let's go to Kitco next and hear
23:39
what Citibank is telling us to get ready for.
23:42
And I got a couple of things highlighted in this article,
23:46
which is on your screen right now and comes from Ernest
23:51
Hoffman at Kitco. Ernest and Neil's put out great
23:54
information. It says gold will hit 5000 an
23:57
ounce, silver 100 an ounce by March.
24:00
What are we in now? January, that's what, March,
24:04
January. That's like 7 weeks from now.
24:08
Silver $100 by March. But gold will be vulnerable to
24:14
correction afterwards. Who's that according to
24:17
Citigroup? Do you realize Citigroup is one
24:21
of the mega banks? Do you realize last I checked
24:24
Citigroup had like 200,000 employees?
24:28
Not that that matters, but it does kind of matter.
24:30
They're a major, major bank strategist led by Kenny who?
24:34
Hey, Kenny who? Sounds like a cat in the hat.
24:39
What's that called? Doctor Seuss character?
24:41
Kenny who? Who said he raised a zero to
24:45
three month that means immediately to three month
24:48
target to gold to 5000 per oz and silver to 100 oz on Tuesday
24:53
as the Wall Street firm projects the ongoing bull market for
24:56
precious metals to continue through early 2026.
25:00
The strategist. I always like to hear what the
25:03
strategist say on top of the analyst.
25:05
The strategist says, quote, heightened geopolitical risks,
25:09
ongoing physical market shortages, and renewed
25:12
uncertainty on Fed independence as the reason for the upgrade.
25:17
And I think there was something else.
25:18
Oh yeah, in yellow. OK, this is scary.
25:21
OK, take your blood pressure medicine.
25:23
This is actually not good news. But we're going to look at the
25:26
the potential pitfalls as well as the potential moon shots for
25:30
all the metals. Metals.
25:32
The strategist warned that a collapse in silver prices due to
25:37
S232 driven outflows could lead to a tactical sell off across
25:42
other precious metals and base metals, but stress that they
25:46
would quote view that is a dip buying.
25:49
OK, let's stop there. That S232, it has to do with the
25:53
tariff stuff going on. So apparently there's some risk
25:56
that if that doesn't come through in a certain manner that
25:59
were it could be bad times for silver.
26:02
But you know, that could possibly be like this big
26:04
remember right that we were supposed to have a crash in the
26:08
silver price. Many of the top analysts out
26:11
there were golly from TD Securities, that guy Steven Van
26:14
Meter were were predicting a crash or a big downturn in the
26:19
silver price due to the Bloomberg commodity at index
26:23
rebalancing, which the index I believe now is done rebalancing.
26:28
And let's just say we didn't see that crash in the price, all
26:31
right, but stressed even if we have a downdraft in the silver
26:36
price, they view that as a dip buying opportunity in a trend
26:42
bowl market because the underlying bullish drivers
26:46
across the metals complex remain in.
26:51
All right, guys, thank you for we got to do the funny wait.
26:55
We got a couple more things to do.
26:56
Hold on here. We got something very funny to
26:59
look at in the big picture. You know what we're going to
27:02
keep going. There's a big picture factor.
27:03
We want to look at the immediate things that are going up trying.
27:07
To get the 300 bikes yet 270. Almost.
27:10
OK, hold on. I'm leaving the couple.
27:14
Ball. Today, OK, OK.
27:16
Upstairs, Susie is directing me to please request that you give
27:20
this a thumbs up and if we get to 300, I will ring the
27:25
resonating silver gong. We got a lot more to talk about.
27:29
Actually, I was wrong. We're going to talk about the
27:31
silver mining stocks in the silver price and what that means
27:35
and what impact that could have. A crazy example there.
27:39
We're going to talk about the funny.
27:40
We got a funny, a really great one.
27:44
We're going to show that that has to do with the, with the
27:47
banks and the, the shorts and the silver market.
27:50
And then we're going to talk about something super important,
27:52
which is the big, some of the big Matt, one of the big macro
27:56
factors, right? We talked about a lot of the
27:58
day-to-day insurance and outs, mechanics, whatever of the
28:01
silver and gold market. But there's some big, a big
28:04
picture factor that I think will be quite enlightening to all of
28:08
us to share with each other. First, let's talk about the
28:11
silver mining stock. Make sure I got the right one up
28:16
here and still in the silver price.
28:18
This is pretty incredible as well.
28:21
OK, this came from Wall Street map.
28:25
The silver miners are going to be showing huge profits in 2026.
28:30
Look at these average prices. I didn't realize it was this low
28:33
2025 the Q3 silver price so that's what July, August,
28:39
September average price 40 dollars 2025 Q 4 so October,
28:44
November, December was $60.00. That's what's going to be
28:48
reported here soon, OK. And Q4200025 earnings reports
28:53
are coming out and will so show huge increases based on $60.00
28:58
per oz. But wait, there's more because
29:00
in so far in 2026, which we are only two weeks into silver is
29:06
averaging above $80 guys. OK.
29:11
We're averaging above $80.00 so far this year in the first
29:16
quarter of 2026. The valuations of the silver
29:20
mining stocks are not even remotely reflecting yet their
29:24
current cash flow from selling at $90.00 per oz each week.
29:29
The silver mining stocks are priced as if silver were still
29:33
at $50 per oz. It's important, right?
29:37
The two things that we realize, number one, a lot of people are
29:41
upset about the mining stocks. They've done well.
29:43
We really can't complain. I own some silver mining stocks,
29:46
but they haven't kept up. OK.
29:49
They likely will once they, once the market realizes the amount
29:53
of money that's being made by these silver miners right in the
29:57
market wakes up and the market believes, like we believe most
30:01
of us, that the silver price is in a new paradigm, right?
30:05
That will bring a lot of money into that silver mining sector,
30:09
which will also bring more overall money.
30:11
That number of people, right? The 2 1/2% going to 5%, seven
30:16
and a half percent of people invested in the overall precious
30:20
metals ecosystem. And we know it can happen
30:23
because we're going to look at something fun and funny right
30:25
now. We know it can happen because of
30:27
this. This is the the one of the
30:30
funniest things I saw in the silver and gold sector in a
30:33
while from make Gold Great, All right.
30:36
These are the banks trying to stop silver.
30:39
These are the big banks that are trying to beat down the silver
30:42
price. These are the big banks that
30:45
have oversized short positions. And the big banks in this video
30:49
are represented by the woman who's all masked up in the red
30:53
jacket trying to stop the silver.
31:02
So silver, I'm sorry, I didn't tell you.
31:04
The silver is represented in this video by the silver
31:07
vehicle. And red are the losses being
31:11
incurred by the big shorts right now.
31:24
OK, OK. That goes on for two minutes and
31:30
I can just tell you it does not end well for the for the banker
31:34
trying to keep the keep their short position above water.
31:39
One final big thing we need to talk about the big picture, the
31:43
devaluation of the US dollar. You know what the US debt clock
31:47
shows us? You know, the amount of debt
31:49
that we have in this country that is creating a massive
31:53
interest expense for our country that is feeding into right, the
31:59
overall massive deficit. We're spending more money than
32:02
we're bringing in and that deficit makes the debt bigger,
32:05
which makes the interest expense bigger, which makes the deficit
32:08
bigger. It's a doom loop.
32:10
It's a, it's a debt spiral. It's happening right now.
32:14
What the net end result of all that is, is a devaluation of the
32:19
US dollar money printing. OK, this next little piece
32:23
really hits at home. Something I hadn't thought
32:25
about, but I think is, is super interesting to consider when we
32:30
look at uh oh, oh, no, hold on, Do I have it?
32:34
Where'd it go? Hold on, guys.
32:37
Hold on. Look at her for one second and
32:41
hold on. Don't leave.
32:43
Don't leave. And then we're gonna say thank
32:44
you for the Super chats. Here we go.
32:48
I've got it. I'm pulling it up right now.
32:52
And you should be on the right page.
32:55
This is from the Kobesi letter. Current situation.
32:59
Think about this stocks record high gold record high silver
33:03
record high home prices record high copper record high platinum
33:06
record high money market funds record high U.S. debt record
33:10
high deficit spending record high household debt record high.
33:14
The list goes on and on. But what they say that is
33:18
powerful is that when everything hits a record high at the same
33:23
exact time, and I'll add, when measured in Fiat paper dollars,
33:28
it's not a coincidence Fiat currencies are depreciating.
33:34
OK, that will continue and that will continue to be a strong,
33:39
strong tailwind for the precious metals.
33:42
Let's check in with upstairs Susie for a second.
33:44
Everybody say hi to Susie one more time.
33:46
Susie, did we get 300 thumbs up over?
33:49
Yes. You actually are almost at 400.
33:55
Remember Silver Bell today? Please, Silver Bell, I have to
33:58
find it. Oh boy, everybody's going to
33:59
watch me struggle. I'm going to try to find the
34:01
silver bell, and I do want to say thank you to anyone and
34:05
everyone who donated a super chat.
34:08
We got one in here and it's from our friend ODBG.
34:12
He's been with us in the basement guys.
34:14
He's like a legacy basement dweller for years.
34:17
And I always said Old Dirty Bastard Garage has the best
34:20
username in all of YouTube. I'll be right back.
34:23
I'm going to find the bell. I think I'm going to look for
34:26
the bell. There's Jerome.
34:28
Hold on here. Oh, boy.
34:32
Oh, yeah. Here we go.
34:34
Here it is. I bound it.
34:36
All right, let's ring the bell four times for you.
34:45
This is made or silver plated at minimum.
34:48
OK guys, thanks again for being here.
34:50
Don't forget, please subscribe to the channel, come back to the
34:52
basement. That's the most important thing.
34:54
This is a community where silver and gold enthusiasts, I really
34:59
appreciate you being here. You are important, OK?
35:02
Take care of yourself and I'll see you.
35:05
Yes, you next time.