Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 💥 Silver Investors BEST Listen to THIS! - (Silver and Gold Price News UPDATE)

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💥 Silver Investors BEST Listen to THIS! - (Silver and Gold Price News UPDATE) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  $100 per oz silver within the next six months.
• 0:06
  I'm going to explain to you why I wholeheartedly believe that's
• 0:10
  what we will see. Today's a horrible day.
• 0:13
  Don't feel defeated. That's exactly the way they want
• 0:17
  us to feel. Remember, there's like secret
• 0:20
  documents that were disclosed saying when they set up these
• 0:23
  futures markets, that was the whole intention behind it was to
• 0:27
  discourage people to inject massive volatility into the
• 0:32
  precious metals markets so that the average everyday person
• 0:36
  would be discouraged from owning gold and silver.
• 0:39
  And guess what? It worked up until recently.
• 0:43
  We're here today to change it. I'm going to give you some big
• 0:46
  reasons why I think within the next six months we will have
• 0:51
  $100 silver. I'll tell you one big one right
• 0:55
  now. Right now, what's happening over
• 0:57
  the last two weeks, it's been a blood.
• 1:00
  You think it's bad for the silver and gold price, Wait till
• 1:03
  you see what's happened to the mining stocks.
• 1:06
  It's utter chaos out there. This period reminds me exactly
• 1:11
  of right after when Donald Trump was elected president in 2024.
• 1:17
  November of 2024. I remember the discouragement
• 1:21
  exactly. Trump got elected, not
• 1:24
  discouraged about that. This is not a political show,
• 1:27
  but everyone thought chaos was going to to remember we were
• 1:31
  going to have riots on the streets and all this stuff, and
• 1:34
  everyone expected silver and gold to go up, up, up after
• 1:39
  Donald Trump was elected. I believe that Donald Trump
• 1:42
  being elected president was going to be massively good for
• 1:45
  the silver and gold price. But guess what?
• 1:48
  I remember exactly where I was. I was on vacation in Orange
• 1:51
  Beach, AL during that week after Trump got elected and the silver
• 1:56
  and gold price went down precipitously.
• 1:58
  It's just like right now, I'll explain that to you in just one
• 2:02
  second. But after Trump was elected, the
• 2:04
  gold price dropped from around 2800 to 25126 hundred.
• 2:10
  The silver price $35 per oz right back in December,
• 2:15
  November, late October of 2020, four, $35 per oz all the way
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  down to $29.00 per oz. It was opposite of what you
• 2:24
  thought should. It should happen exactly the
• 2:27
  same as right now. We've got a world what we've got
• 2:31
  war going on in the world right now.
• 2:34
  OK, All the pieces that were in place that drove silver and gold
• 2:39
  to these new all time high levels are still on place.
• 2:43
  But on top of that, we've got the biggest energy crisis in the
• 2:47
  history of the world unfolding and a situation with war that we
• 2:52
  don't like, but it's happening. So we've got to recognize it
• 2:55
  like we've never had before, right?
• 2:57
  The gold and silver price should be going up.
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  Look, the net of it is in the long run, it will, just like
• 3:03
  after Trump got elected, at first it was very discouraging.
• 3:07
  The price went down. It didn't make any sense.
• 3:09
  That happens all the time in these markets.
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  But then during 2025, gold and silver went on to new all time
• 3:17
  highs. Just like right now, two weeks
• 3:20
  ago, a major war breaks out in the world.
• 3:23
  Gold and silver should have done very well, but they haven't,
• 3:27
  right? You know, we'll go look here in
• 3:29
  a second, but they will think about it, right?
• 3:32
  Where we got an energy crisis. It's going to create massive
• 3:35
  inflation. We have a lot more uncertainty
• 3:39
  going on in the world. Sometimes the immediate reaction
• 3:44
  is dead wrong. Six months from now, if we're
• 3:47
  not sitting with 91 hundred 120, maybe even higher silver Michael
• 3:52
  Oliver and some of these analysts are calling for 200
• 3:55
  three $100 silver. Ollie Crowe OK, but I'm telling
• 3:58
  you right. We don't need to feel defeated.
• 4:02
  Those are those people who are selling right On days like this,
• 4:06
  I think just my opinion, I'm not a financial advisor are making a
• 4:10
  grave, grave mistake. Let's go see what the Gary
• 4:13
  Savage. I got a lot more to cover here
• 4:15
  as well guys by the way, this is an emergency live stream.
• 4:19
  I was not planning on doing a live stream today, but on a day
• 4:22
  like today, we got to connect. And if you like connecting with
• 4:25
  myself and my lovely Co host right there, the one and only
• 4:29
  upstairs. Susie, please, it's free to
• 4:31
  subscribe to the channel. Press that button, press the
• 4:34
  thumbs up. Let's get the word out to more
• 4:36
  people. Let's stand strong.
• 4:39
  Silver warriors, gold warriors. OK, we got a lot to be excited
• 4:43
  about. Let's go see what Gary Savage
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  has to say. And this makes a lot of sense.
• 4:51
  Gary says this this looks like metals are on day 2 of a
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  bloodbath phase. That's the final five to seven
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  days of panic selling. Traders become irrational, fear
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  takes over and eventually the last seller panics and sells.
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  That's the bottom. No more sellers left.
• 5:18
  The opposite of what happened at the end of January.
• 5:21
  We had panic buying. Eventually the last buyer bought
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  in. There was no one left to buy.
• 5:28
  Make no mistake, the bull market isn't over.
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  We got a few more days and then the next leg up will begin.
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  I had a great interview yesterday with John Lee, the CEO
• 5:39
  of Silver Elephant Mining, where he talked about, I mean, the
• 5:43
  prospect of what's happening today happening.
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  He really predicted the future. But he brought up even during
• 5:49
  that period of time in January when the stock or when the price
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  of silver skyrocketed to $120.00, that really that last
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  part was potentially manipulation by the big, big
• 6:02
  players in the market to create exit liquidity.
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  Look, guys, six months we're going to have $100 silver or IE
• 6:10
  Crow, I, you, you've come up with some kind of punishment for
• 6:14
  me. We are going to be in good, good
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  shape. OK, let's go.
• 6:19
  Let's go Look at you think it's bad.
• 6:21
  This demonstrates to us what a strange environment.
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  We're going to look at two things now, right now the dollar
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  index and the miners. What a strange environment we
• 6:31
  are in because all over the last few weeks, everybody said gold
• 6:35
  and silver was going down because this, the US dollar
• 6:40
  index was going up. But look here today, OK, the
• 6:45
  dollar index is not having there's, there's so much chaos
• 6:50
  and dislocation. We got the dollar index making a
• 6:54
  massive move down a a .69% down move.
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  And the dollar index is huge. That should be extremely
• 7:02
  supportive for the gold and silver price, but it's not.
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  But wait, there's more because what we're seeing in the gold
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  and silver mining sector, and I have a a portfolio of gold and
• 7:15
  silver mining stocks that I've owned for years and years.
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  I've never seen anything like this.
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  This is the GDXJ. I'll circle that for you right
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  now. But then I want to show you this
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  chart, which is absolutely stunning.
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  So this is a one month chart, OK, of the GDXJ in one month,
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  it's gone from like, I don't know, 157, OK, this was March of
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  20. Hold on a second, hold on, bear
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  with me. This is absolutely stunning.
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  Let me get that date for you right there.
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  That was the 27th of February, OK, So the end of February we
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  were at 156 was the high. I think actually if you go down
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  here, this is on Yahoo Finance, it hit a 52 week high here it is
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  right here of 157. This measures the performance of
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  the junior gold mining sector. We've gone from 157 all the way
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  down to one O 7. That is like a what, 3233%
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  decrease in the price of the gold mining stocks.
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  That is unheard of. That is bizarre.
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  When you also factor in that the first quarter of 2026, January,
• 8:40
  February, March, we still have had record high prices for gold
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  and silver. The average selling price that
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  these miners are selling their gold and silver has is a record
• 8:51
  has never been higher. While we're at it, let's just go
• 8:54
  out and look at here it is. We're going to look at the
• 8:58
  silver mining stocks, we'll look at the junior silver mining
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  stocks, the SILJ to get an idea of the chaos.
• 9:06
  This does not make sense whatsoever.
• 9:09
  So we're at $27.00 today. If we do a one month chart on
• 9:15
  that, we'll go back here. The last day of February, we
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  were at over $40. What hold on 27 and the 52 week
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  high is 41. That's 14.
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  What's 14 / 41? That would be hold on.
• 9:38
  Yeah, I have a degree in accounting.
• 9:39
  What's 14 / 41? I don't know, but my calculator
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  will know. Hold on here.
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  Hold on. Sorry.
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  This is like I said, this is we are in like crazy emergency
• 9:53
  situation 14 / 41. That's a 34% decrease in the
• 9:59
  silver mining stocks as well. So the US dollar, I mean, it's
• 10:03
  everywhere we look from every angle.
• 10:06
  This is crazy. Now let's talk about the Fed
• 10:09
  point #2 right, 100, hold on here, sorry, I'm not looking at
• 10:14
  you now. We're looking, hey, welcome to
• 10:16
  the basement. We're going to be OK.
• 10:18
  Basement dwellers, OK. Does volatility is normal?
• 10:23
  We've talked about this. Those of you who've been around
• 10:25
  the channel for a long time know that we talk over and over that
• 10:30
  the silver and gold markets have massive volatility.
• 10:33
  When you factor in everything going on in the world right now,
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  this volatility is no fun, but not out of the norm.
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  And when you factor in just even a six month viewpoint of where
• 10:45
  we're going, I believe, I believe and so do all the big
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  major banks in the world. We may not like them, but we
• 10:51
  like what they're saying, that we could have significantly
• 10:54
  higher prices for gold and for silver.
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  There was something else. I owe three months and the next
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  three months. The Fed had their meeting
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  yesterday in the Fed Jerome Powell, this guy said, Oh yeah,
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  everything's over, okay, everything is great out there.
• 11:11
  I'm going to make a prediction and then we're going to dig into
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  what he said and prove him absolutely wrong.
• 11:17
  We will have a rate cut and possibly likely even an
• 11:22
  emergency rate cut by the Fed within the next three months.
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  Again, Allie Crowe, if I'm wrong on that.
• 11:29
  But I am very confident that we're going to have that
• 11:33
  unfolding. And guys, that's when everybody
• 11:36
  wakes up. It's like, it's like during the
• 11:38
  C-19 crisis, remember the price of silver crashed, OK?
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  I remember silver being like what, $1214.00 over that
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  weekend. These things happen.
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  We got to take a deep breath. But let's go out and look at
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  what Jerome Powell said and why I think we've got good things
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  coming. OK.
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  Jerome Powell yesterday. This comes from Yahoo Finance.
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  He says there's plenty to worry about.
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  Oh, yeah, yeah. Thanks, Jerome.
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  But not stagflation, says Powell.
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  He is wrong, and I believe he may be, if not purposely,
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  unconsciously misleading the American public because let's
• 12:21
  look at his statement. I've got it highlighted down
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  here. Bye.
• 12:24
  Bye, Jerome. OK, he said.
• 12:27
  You know, when we use the term stagflation, why are they
• 12:31
  talking about stagflation, I wonder?
• 12:33
  Huh. I always have to point out that
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  that's a 1970s term, Powell mused.
• 12:40
  Back then, he added, OK, these are his reasons why unemployment
• 12:45
  was in double figures. We just got news this week that
• 12:49
  the number of Americans that aren't working, is it a record
• 12:53
  all time high? OK.
• 12:55
  So, yeah, they can say, quote, UN quote, unemployment's low.
• 12:59
  But what about the fact that we got a record number of people in
• 13:02
  this country that have given up on finding a new job?
• 13:06
  Then he has the gall to say inflation was really high during
• 13:11
  the 1970s. Well, let me ask you a question,
• 13:13
  Jerome. Maybe you don't do your own
• 13:15
  grocery shopping. Maybe you don't fill your car up
• 13:18
  with gas. Maybe you don't pay for your own
• 13:20
  health insurance. Maybe you don't pay for your own
• 13:23
  homeowners insurance. Maybe you don't pay for rent.
• 13:25
  I don't know. Does the Fed Reserve chairman
• 13:27
  get a free house? Probably.
• 13:30
  Right. Everybody and their brother,
• 13:31
  including Shadow Stats, which is a highly respected, the website
• 13:36
  which measures the real inflation.
• 13:38
  Everybody knows we do have inflation.
• 13:41
  So yes, unemployment is high now, Jerome.
• 13:44
  Inflation is high now, Jerome. And then he has the gall to say
• 13:49
  that the misery index during the 70s was super high.
• 13:54
  Hey, I don't know about you, but I'm feeling pretty damn
• 13:58
  miserable right now. And I think it's not just me.
• 14:02
  I think most Americans out there trying to trying to deal with
• 14:06
  all the aforementioned facts, food, shelter, healthcare, any
• 14:11
  of that. Everybody's feeling pretty darn
• 14:13
  miserable out there. Maybe if you're part of the 1%
• 14:17
  like Jerome Powell probably is. Things are pretty good if you're
• 14:21
  wealthy, but the other 99% and especially the other 90% of
• 14:27
  Americans who have to try to live a real life are feeling
• 14:31
  pretty miserable. Now, why are we talking about
• 14:33
  all this? Because that was his argument
• 14:36
  against stagflation. Look, basement dwellers, this
• 14:40
  box, we've had this down here for three years.
• 14:43
  This is the stagflation box. It says do not open because that
• 14:48
  guy, he hates stagflation. Remember, the R stands for
• 14:52
  recession, the I stands for inflation.
• 14:56
  It's the worst scenario possible for the Fed because they can't
• 15:00
  deal with it. They can deal with this if this
• 15:03
  is the only problem, inflation. They can deal with this if this
• 15:06
  is the only problem, a recession.
• 15:10
  They can't deal with them both simultaneously.
• 15:13
  All they can do is print money, OK?
• 15:16
  And that's what's going to happen.
• 15:18
  Look, this is short term noise. I do want to say thank you to
• 15:21
  1st Mint for sponsoring Ron's basement.
• 15:24
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• 15:28
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• 15:34
  gold and silver, check out First Mint right there, a world class
• 15:38
  silver exclusive mint in Las Vegas, NV.
• 15:42
  They've got a discount code that you can use VIP RB like very
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  important person, rons basement to get a little discount.
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  They have free shipping on orders over $299 and they got a
• 15:54
  big special going on cast bars. Go out to their website, check
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  them out here. You know what, we'll check it
• 15:59
  out because it's always fun to see what pops up on the screen.
• 16:03
  There's the free shipping and here we go, $2 off silver cast
• 16:08
  bars. Again, this is at First
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  mint.com. I also want to say thank you to
• 16:14
  channel sponsor First Mining Gold.
• 16:17
  They are a Canadian gold development stage company with
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  two major projects in Canada. Spring Paul in, in, in Ontario,
• 16:29
  in Duparque, located in Quebec. You can go right here to 1st
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  Mining Gold to learn more about them.
• 16:36
  So we're dealing. Everything must have changed
• 16:39
  right? Over the last 24 hours, over the
• 16:43
  last two weeks, a lot changed. I tell you one thing that didn't
• 16:46
  change. OK, we're going to talk more
• 16:48
  about this tomorrow, but the US national debt, we had a
• 16:52
  milestone. Congratulations, My, my, my
• 16:55
  fellow basement dwellers, here we go.
• 16:58
  Right, we hit it. We did it.
• 17:00
  Congratulations to our United States government because we now
• 17:05
  officially have this right here, $39 trillion.
• 17:12
  We're we're closing in on the big four O $39 trillion in debt
• 17:17
  in our country. Don't forget guys, that will
• 17:21
  make this go up. Interest expense almost $1
• 17:24
  trillion. So let me draw your attention to
• 17:28
  the right here, right below, right here, OK?
• 17:32
  That's the total amount of money that our government brings in,
• 17:34
  5.4 trillion. That means we're spending close
• 17:37
  to 20% of our government revenue on interest alone as people
• 17:43
  continue to lose faith in the debt of the United States.
• 17:48
  I don't like it. I didn't 'cause it, nor did you.
• 17:51
  That will make the interest expense go up.
• 17:53
  That will make this circle go up.
• 17:55
  The federal budget deficit, which will make this go up,
• 17:59
  which is our overall debt, which will soon be $40 trillion.
• 18:04
  This here, this right from here to here to here back to here,
• 18:11
  which makes everything grow and grow and grow and not grow in a
• 18:16
  good way is a debt. See if I can draw a spiral.
• 18:20
  Spiral, that's what we have to look forward to.
• 18:25
  All right, here we go. Yep.
• 18:27
  And and and furthermore, everybody was calling all the
• 18:30
  with the chart developments that we had over the last few days,
• 18:33
  everybody was calling for this pull back in the metals.
• 18:37
  I'm telling you, we are going to be OK.
• 18:39
  Let's run out and take a look at what's happening right now in
• 18:44
  the spot market. Looks like silver.
• 18:49
  Silver on the spot market now only down $3.89.
• 18:54
  Hold on, let's go back here, make sure that's accurate.
• 18:57
  What? OK, $3.88, here we are.
• 19:01
  Kikko, this is the spot price $71 and 57 cents.
• 19:08
  Let's go look at the futures price gold getting getting club
• 19:13
  today down 4000 down to down to 100 down to 4600.
• 19:19
  But in the futures market for silver here we have it to make
• 19:25
  sure that's updated. This is getting interesting
• 19:30
  because there we are 7141 on the May futures contract.
• 19:36
  However, 7141 and we're at 71. So we are we are slightly
• 19:43
  backward dated which is unusual. The price in the futures market
• 19:48
  should be higher which it is not.
• 19:50
  So we are really in a state of balance, but that's not normal
• 19:56
  between the futures market and the spot market.
• 19:59
  We're in a state of is what we like to call it, backward tango.
• 20:03
  Things are crazy. Everywhere.
• 20:07
  Where else do people want to be when things get crazy out there,
• 20:11
  right? We've got the US dollar index
• 20:14
  going down. We have the price of gold and
• 20:16
  silver going down. Let's go take a look at the bond
• 20:19
  rates real quick. I forgot to look at that.
• 20:22
  Let's go out to back out to CNBC and see what's going on in the
• 20:27
  bond market. Very interesting.
• 20:32
  And we have bond rates. What going up?
• 20:36
  I mean, things are just screwy. OK, let's look at the general
• 20:40
  markets. All the bond rates are going up.
• 20:44
  Nope, I'm not now. I am sorry, guys.
• 20:47
  There we go. There's the bond rate.
• 20:49
  Thank you. Upstairs, Susie, bond rates are
• 20:51
  up. And then I wanted to look at the
• 20:54
  US markets as well. Here we go.
• 20:57
  We're on the right screen. No, we're not.
• 21:00
  We're getting there, don't you worry.
• 21:02
  OK, so the Dow is down 300 points, the S&P down 40, the
• 21:07
  NASDAQ down the Russell 2000. Everything is red across the
• 21:12
  board. Wonder what Bitcoin is doing
• 21:15
  today. Bitcoin down almost 2% as well.
• 21:19
  We have major chaos breaking out in the world around us.
• 21:24
  Nothing is making sense. When nothing makes sense, people
• 21:29
  will eventually find their way to the safe haven assets when
• 21:34
  inflation takes off. OK.
• 21:37
  It's what's going on today is short term noise in the precious
• 21:41
  metals markets. I believe we'll have $100 silver
• 21:44
  within the next six months, OK. But because when things like
• 21:48
  inflation take off, that's the the mega trend that helps
• 21:52
  support the gold and silver price.
• 21:56
  Let's not forget we have oil now let's go take a look at oil 11.
• 22:00
  Last thing we're going to look at oil.
• 22:03
  Where is it? Crypto, gold, oil?
• 22:06
  OK, so we've got oil at what? Brent crude at $110 per barrel,
• 22:14
  oil at 97, natural gas is up. This is all going to be highly,
• 22:20
  highly inflationary inflation. Remember, this is real easy to
• 22:25
  understand when this, let's get a prop out when this and then
• 22:31
  we'll look at some silver when this loses, OK, When this buys
• 22:36
  less, when we have inflation that's the same as this buying
• 22:40
  less. That's also the exact same thing
• 22:44
  as this going down in value. When this goes down in value,
• 22:49
  OK, again, filter out the short term noise when this wise less
• 22:56
  and this goes down in value. Do do do do do do this one ounce
• 23:03
  of silver isn't that pretty? Not only is it pretty, but this
• 23:09
  maintains its value goes up in value.
• 23:13
  OK, this spot I was talking with John Lee yesterday.
• 23:16
  This one ounce, this exact one ounce of silver, but a great
• 23:20
  meal of feast, OK, what? 100 years ago, 205 hundred, a
• 23:28
  thousand, 2000 years ago, yes, this exact same ounce of silver,
• 23:32
  despite the loss in value and all those paper currencies
• 23:36
  today, OK, I think you and I could go out and have a really
• 23:40
  nice meal with $70.75 dollars, $65.
• 23:46
  This will win in the end. I understand, right?
• 23:51
  I get it. This is an emergency live stream
• 23:53
  because we've got a very, very tumultuous day, not only in the
• 23:57
  precious metals markets, but in all the markets in general.
• 24:00
  Don't worry, I believe everything is going to be OK.
• 24:05
  And that's not hope. OK.
• 24:07
  That's based on mathematics. That's based on a lot of
• 24:11
  analysis and knowledge of what is going on in the world on a
• 24:16
  geopolitical level, right. We've never, I'm 56 years old.
• 24:20
  How old are you? Do you ever remember in your
• 24:23
  lifetime, maybe you lived through World War 2, whatever.
• 24:25
  But we, we did, We've not had the level of geopolitical strife
• 24:30
  like we have right now. But wait, there's more.
• 24:33
  Yeah, because we've never had the the world in such a horrible
• 24:38
  financial condition like it is right now.
• 24:41
  It's not just the United States with $40 trillion in debt. 39.
• 24:48
  You get the point. We can round up.
• 24:50
  It's the whole world. It's China.
• 24:52
  It's Japan. It's Europe.
• 24:55
  We've got geopolitical strife. We have fiscal strife, OK.
• 24:58
  And we have no doesn't. Let me ask you a question.
• 25:02
  I don't like it. I wish, I wish Nixon kept us on
• 25:05
  the gold standard 1971. I bet we'd be in a lot nicer
• 25:09
  conditions right now than we are.
• 25:12
  But it is what it is, and I can't see anywhere else than I'd
• 25:16
  rather be than in the precious metals.
• 25:19
  Look, I'm not a financial advisor.
• 25:21
  I don't have a crystal ball. Listen to me, listen to other
• 25:24
  people, use your own head, listen to yourself.
• 25:27
  But most importantly, come back down here in the basement and
• 25:30
  spend some time with me. Like we've said before, we will
• 25:34
  navigate the choppy waters, love the precious metals world, and
• 25:39
  we'll do it together. Thanks for being down here today
• 25:42
  upstairs. Susie, of course, would love it
• 25:44
  if you subscribe to the channel. It makes her happy.
• 25:47
  We got a great community. Take care and I'll see you and
• 25:51
  yes, I see you. We'll see you next time.