Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / Huge SILVER Update 🦍🦍 You Need to HEAR This! (Gold Price Inside)

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Huge SILVER Update 🦍🦍 You Need to HEAR This! (Gold Price Inside) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  We have massive stories unfolding that are going to have
• 0:04
  a major impact on the price of gold and silver.
• 0:07
  We've got technical indicators, We have big stories from the
• 0:11
  world's biggest financial institutions.
• 0:14
  We have stories from all around the world, China, India, Russia,
• 0:19
  Italy, all around the world. And we have stories from the
• 0:23
  mainstream media. Reuters and Bloomberg, the
• 0:28
  biggest story is you. Thank you for joining me down
• 0:31
  here in the basement. It's a big deal upstairs, Susie,
• 0:34
  and I appreciate you, OK? I want you to feel like you
• 0:37
  found a little home away from home down here in the basement.
• 0:40
  Yes, we love to get together. Yes, we love to talk about the
• 0:44
  precious metals. I'd really like for you to come
• 0:46
  back. Please subscribe to the channel,
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  give the video a thumbs up, leave a comment and super chat.
• 0:51
  Super thanks. Never appreciate it always I'm
• 0:55
  never appreciate it. Never expected, always super
• 0:58
  appreciated. Sorry about that.
• 1:00
  So guys, let's dig right in this morning we're down a little bit
• 1:03
  in the silver price and a gold is doing well.
• 1:07
  Let's go get an update. First, we're going to go to the
• 1:09
  futures market and what we see here, according to CNBC, gold up
• 1:15
  dollars per oz, silver in the futures market down $1.50 per
• 1:20
  oz. Oh my gosh, the sky is falling.
• 1:23
  But let's remember we are at $63 silver in the futures market
• 1:28
  now. That's for silver being
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  delivered in March, $63. Let's remember that.
• 1:35
  Next, we'll head out here to Kitco where we're looking at the
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  world spot price right there on the black bar in the middle
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  where my cursor is, where in silver where we're at $62.78
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  Look, 22 big key takeaways here. Number one, need I remind you we
• 1:57
  have silver over $60.00 per oz mic drop.
• 2:01
  Nothing else needs to be said and we got a lot to talk about
• 2:04
  here that'll make us even more optimistic about the silver
• 2:07
  price and gold price going forward.
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  But #2 I don't know if you noticed that, but the futures
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  price is inching back towards the spot price.
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  And that when the when the spot price goes higher than the
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  futures price, we are in a condition called backwardation.
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  We're not there yet. We are currently in a situation
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  called contango, which is normal and healthy.
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  We were in backwardation a couple weeks ago.
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  If we go there again, that signals even more stress in the
• 2:39
  silver market. That means that people are
• 2:41
  willing to pay more in the spot market to get their silver now
• 2:46
  because maybe maybe there's a little bit of a loss of
• 2:49
  confidence in the in the Comex being able to deliver that
• 2:54
  silver in the future. But there's another big key
• 2:57
  thing we want to keep an eye on that all the top analysts are
• 3:01
  now saying is one of the biggest indicators of stress in the
• 3:05
  silver market and that's the lease rate.
• 3:07
  Don't worry, I'm going to explain to you what it means,
• 3:09
  but let's get the latest on what's happening with the silver
• 3:13
  lease rate and we're going to go out to hold on one second here.
• 3:18
  I'll be right with you. Don't worry.
• 3:20
  I didn't forget about you. Here we go.
• 3:23
  We are at the uh oh, this is not, this is moving all over the
• 3:27
  place. Jensen Economic Precious Metals
• 3:30
  and Market Newsletter says the London silver lease rates again
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  are moving up as metal shortage intensifies.
• 3:39
  Guys, you probably are noticing. I mean, it's like, this is just
• 3:42
  a weird, strange new environment for silver in particular.
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  There's something not right going on right now, Not not
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  right from a price perspective, but something not right between
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  how the paper and physical markets are interacting with
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  each other. And the biggest thing they're
• 4:00
  telling us to keep an eye on are these lease rates.
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  I'm going to explain them to you in just one second.
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  But first in yellow, the London silver lease rate.
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  But remember that song. London Bridge is falling down,
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  falling down. The LBMA is falling down.
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  OK, no more singing. The London silver lease rate is
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  increasing again and is now at almost 8%, indicating
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  intensifying silver shortage stress in London.
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  The London problem never went away and never was going away
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  with a few deliveries over the past six weeks.
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  Yeah, they shipped a bunch of silver from the COMEX from the
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  United States and also some from the Shanghai Gold Exchange.
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  We're going to hear about China. We're also going to hear about
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  Italy. We're also going to hear about
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  India. We're going to hear about a lot
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  more later on. That tells us there's stress in
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  this market, the overhang of the billions of Oz standing claims
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  in London's cash market for where immediate ownership and
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  delivery of silver cannot go away in a world where there is
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  globally A scramble. I talked with Dan Wilton, CEO of
• 5:08
  First Mining Gold, yesterday. I'll have an interview out with
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  him later today. And that was the word I used and
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  he used I think once or twice during the river.
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  The world is scrambling right now for precious metals,
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  scrambling for physical silver delivery.
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  Let's talk about why the lease rate is important, OK?
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  Higher lease rates mean physical silver is harder to obtain.
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  Don't worry, I've got a great analogy we're going to talk
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  about in a second that we'll have this make sense.
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  Lease rates measure the cost to borrow physical silver in the
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  London market. If the rate rises, it means
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  lenders of silver want more compensation and borrowers are
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  willing to pay more because they urgently need the physical
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  metal. So read between the lines.
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  The big take away here is there appears to be a shortage of
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  silver in London. Think about it like this, right?
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  It's the amount of money that people are being charged to
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  borrow physical silver. Let's say you own a fleet of
• 6:14
  rental vehicles. You run a car rental agency in a
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  city, OK, And you've got a certain number of minivans,
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  maybe 10 minivans. And you hear that there's a big
• 6:24
  nationwide kids soccer tournament that's going to be
• 6:28
  coming to your city, and suddenly people are going to be
• 6:31
  wanting to rent minivans, minivans, minivans.
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  The lease rate that you charge for those minivans would likely
• 6:37
  go up over that weekend or over that week when all those people
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  are in town. That's exactly what's going on.
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  Excuse me at the at the LBMA with silver, there's a huge
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  demand for silver, but they don't have much to lease out.
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  So they're charging more and more to lease the silver.
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  OK, now what about JP Morgan? And don't worry, we're going to
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  get to all these different countries.
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  We got a lot to cover today. JP Morgan.
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  The world's, there's the world's, I don't know, premier
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  financial institution, what are they doing with silver?
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  Because this is getting super interesting and we can
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  corroborate this a bit as well. This came from silver trade
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  reporting that JP Morgan sold their entire 200 million oz
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  silver short position and now they have flipped to the long,
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  the long side. It's with 750 million oz JP
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  Morgan reportedly used the cash from closing out its historic, I
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  mean, this is historic silver short position, allegedly at the
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  behest of the US government. A lot of speculation here to
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  flip long. And just acquired the large
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  physical silver stockpile in the world.
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  JP Morgan's move coincided. Now that's point #1 JP Morgan.
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  OK, then we'll come back to this.
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  Don't forget, this is the JP Morgan who was convicted of
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  manipulating the world's silver and gold prices, right?
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  Paid almost a billion dollars in fines a couple of their traders
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  and I'm sure I remember this correctly actually went to jail
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  right over manipulating down the silver and gold price.
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  We won't go down that path. But now if JP Morgan is sitting
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  on 750 million physical ounces of silver and got out of their
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  short position, the take away here guys, that's a that's
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  reason for us to be even more optimistic about what's to come
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  in the silver market. But it gets even more
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  interesting. And again, I'm reporting what
• 8:40
  other people are riding, but I've now seen this in several
• 8:43
  places here in yellow. JP Morgan's move coincided with
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  what Ron thinks is shocking news that the US Mint is announcing a
• 8:55
  shortage of silver coins. This was further corroborated by
• 9:00
  Eric Yuong, King Kong 9888. Very respected person in the
• 9:05
  gold and silver arena. And he said this synopsis JP
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  Morgan is making, excuse me, a historic silver bet.
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  The bank now holds over 750 million ounces of physical
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  silver, adding 21 million ounces in six weeks.
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  Wow. That's like the entire mine
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  production for six weeks. It exited the 200 million oz
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  paper short. So it just gets better and
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  better. Now let's run out.
• 9:36
  Let's just do a quick check. This is unbelievable, guys.
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  I think yesterday I forgot to pull this up on full screen for
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  you. Let's check on the silver price
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  in China. This is the Shanghai Gold
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  Exchange. This is silver AG, right?
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  The periodic element symbol for silver.
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  Can you believe this $65.85? Unbelievable.
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  And the reason why we keep a close eye on that, we'll say it
• 10:05
  every day, is because at the Shanghai Gold Exchange, it's a
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  physical market. You have to have the physical
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  metal. Imagine that you can't trade
• 10:16
  Fantasy Island silver. Remember that show Fantasy
• 10:19
  Island from when you were a kid? Deplane, deplane where all this
• 10:23
  fantasy stuff happened? That's what gets traded at the
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  Comex and some argue even at the LBMA paper make believe Fantasy
• 10:32
  Island Silver. But at the Shanghai Gold
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  Exchange where it's physical. That's point #1 there's another
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  reason why we're going to pay attention to China.
• 10:40
  The price is almost $66 per oz. Are we dreaming?
• 10:46
  No, you're in the basement with me.
• 10:48
  Thank you for being here. Please subscribe anyway.
• 10:51
  The other reason, right? It's physical.
• 10:53
  But the other big reason is because everybody knows that the
• 10:57
  East is taking over the pricing mechanism for the metals.
• 11:03
  All right, we still got a lot more to talk about.
• 11:05
  We're going to go to India, China, we're getting crazy news
• 11:09
  coming out. OK.
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  But first, I do want to say thank you to channel sponsor.
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  We just talked about the COMEX in the LBMA.
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  Did you notice they were missing in that chain of events?
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  Yeah, When you get silver from First Mint, it is COMEX and LBMA
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  There is a discount code. It does not apply to the Cyber
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  outside of the bars that are on the Cyber Monday special, the
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  discount code is VIP like you very important person, RB for
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  Ron's basement VIPRB. Thank you, first men for your
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  sponsorship. All right, big major news out of
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  India, China, Italy, the whole world.
• 13:17
  We're going to cover it. All right, now let's go to India
• 13:22
  1st and hold on here. Here we go.
• 13:28
  Now let's go to China first. Wow, We just talked about China.
• 13:33
  Steve Hankey, right? Do you know who Steve Hankey is?
• 13:36
  He is a professor of applied economics at John Hopkins
• 13:40
  University. And amongst other distinguished
• 13:43
  honors that he has, and he's reporting this, in January,
• 13:47
  China will formally introduce export controls for silver.
• 13:54
  Now, traditionally, China has been a major world supplier of
• 13:57
  silver. And remember, the Chinese love
• 14:01
  silver and China was on the silver standard until 1935.
• 14:06
  No wonder silver hit a new record high today.
• 14:09
  And look at this cute little picture.
• 14:11
  There's Chinese President Xi saying, sorry world, we're
• 14:15
  closing the door to exporting silver.
• 14:19
  But big, big news out of India, major major news for the the
• 14:25
  world of silver. This being reported by
• 14:27
  Bloomberg. OK, they are now a lie now a lie
• 14:31
  now allowing gold and silver in India to be allowed to be
• 14:36
  invested into the pension system.
• 14:39
  Easy for me to say. This came from Bloomberg Gold
• 14:42
  and silver allowed for first time in the Indian pension
• 14:45
  system. India's pension regulator has
• 14:48
  included gold and silver exchange traded funds as
• 14:52
  permitted investments for the first time.
• 14:56
  Can look, do you feel this happening all over the world?
• 15:00
  Could we say it's a new weather pattern for gold and silver?
• 15:03
  I don't know. National Pension System funds
• 15:06
  may allocate approximately 1% of their assets to approved gold
• 15:10
  and silver ETS, giving investors exposure to the price of
• 15:13
  bullion. The move is an indication of the
• 15:16
  growing acceptance of the precious metals as a mainstream
• 15:20
  investment asset. OK, you know what that means?
• 15:24
  That means everybody else is coming.
• 15:26
  You were ahead of ahead of the curve, right?
• 15:28
  You looked around the corner and saw what was coming.
• 15:31
  Now the other 9697% of the people in the world who we
• 15:37
  affectionately refer to as the hold on, let's look you in the
• 15:41
  eye because this is one of the funnest parts of our whole show.
• 15:49
  The sheeple and guys, it could be like a flood of new money
• 15:56
  coming into the world of precious metals.
• 15:59
  More on the India story. This time we got it from
• 16:01
  Bloomberg, this time from the Silver Academy and Reuters.
• 16:05
  India just weaponized retirement money.
• 16:09
  Pension funds can now buy gold and silver ETFs and the fuse is
• 16:13
  lit. OK, pension cash, RBI collateral
• 16:17
  rules and 1.4 billion people in India are about to turn gold and
• 16:22
  silver from quote UN quote, alternative assets into the
• 16:25
  backbone of the new monetary order.
• 16:28
  This is from Reuters. We heard something from
• 16:30
  Bloomberg. We're hearing something from
• 16:31
  Reuters. India's pension regulator widens
• 16:34
  investment options for funds. OK, we've talked about it now.
• 16:38
  Now let's look at some data from the SRS Rocco report about the
• 16:45
  amount of money going uh oh, I'm not sharing the right screen.
• 16:49
  You guys watching me you're watching me.
• 16:52
  Hold on, let's go back. Sorry about that guys.
• 16:55
  OK, there's the Reuters report hold on we'll try that again.
• 17:00
  The wheels are coming off the bus, all right.
• 17:02
  There's the Reuters report and there's the Bloomberg report, in
• 17:07
  case you didn't see that. But now here is for your viewing
• 17:12
  pleasure, a visual of the amount of money going into right before
• 17:17
  all this happened already into the Indian silver ETFs, which
• 17:22
  are exploding higher in 2025. Silver inventories held and
• 17:27
  silver ETFs more than doubled to 102 million ounces in 2025,
• 17:34
  almost 50 million oz increase from 2024.
• 17:38
  Think about that in the context guys, of the fact that there's
• 17:43
  only 800 million ounces of silver.
• 17:46
  There's the chart will come back.
• 17:47
  Let me get the crayons out. Case you can't notice there's
• 17:51
  2000. This is 2022, this is 2025.
• 17:57
  Do you notice? Now we're going to do some
• 18:00
  really deep technical analysis here that the amount of silver
• 18:04
  in the Indian ETFs is going up, up, up.
• 18:09
  Wow. OK.
• 18:12
  Currently at 102 million oz right now, up from 47 million,
• 18:19
  that's what 53,000,000 oz increase?
• 18:22
  But the big take away here is, OK, that's just that's just
• 18:29
  Indian silver ETFs. That's it.
• 18:32
  Just Indian silver ETFs, not physical one country.
• 18:36
  They're ETFs. OK, Think about this.
• 18:40
  It went up by 50 million oz over the last year.
• 18:44
  Do you know quiz time for you? Do you know how many ounces of
• 18:48
  silver are produced on an annual basis by the world's mining
• 18:51
  sector? Like 800, maybe 850 million, 50
• 18:55
  million in one country in ETFs alone, 50 out of 850.
• 19:02
  What is that 116th, which is, I don't know.
• 19:06
  That's almost, that's almost 7.6% of the world's silver
• 19:10
  production going into ETFs in India.
• 19:14
  On top of that, OK, we're going to see massive demand for
• 19:18
  physical gold and silver from the tokenization, whether you
• 19:22
  like crypto or not. And I'm not going to go too far
• 19:25
  down this path, don't you worry. But physical metal is being
• 19:28
  tokenized, backed up by real metal and real vaults.
• 19:33
  And the more tokenization occurs, the more physical metal,
• 19:38
  gold and silver will need to be purchased, which will take more
• 19:43
  metal away from those wonderful people who we just love so well
• 19:49
  at the COMEX in the United States of America, in the LBMA,
• 19:52
  which we already know are under a little bit of stress right
• 19:56
  now. OK, let's go to Russia.
• 19:58
  We had stories from all around the world.
• 20:00
  We're going to go to Russia, talk about silver and gold.
• 20:03
  Then we're going to go to Italy and then we're going to go.
• 20:06
  All around the world, incredible stories.
• 20:09
  OK, before we do that, I do want to say thank you right there.
• 20:13
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  I talked to the CEO yesterday. We were remembering like I've
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  Canada. You can learn more about them at
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  firstmininggold.com. You know what, let's pull up
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  their website real quickly. There it is right there,
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  firstmininggold.com and you can learn all about they got a tons
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  of information on their website, so check them out and thank you
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  First Mining Gold for sponsoring Ron's basement and where we're
• 21:02
  going to go next. We're going to go to Russia.
• 21:03
  Let me find the Russia article. That's not it.
• 21:06
  Here we go. This is great.
• 21:09
  This is from the gold fix sub stack and let me make sure which
• 21:14
  Oh, shoot, hold on here guys. I lost my screen share share
• 21:18
  screen. We'll go to first met.
• 21:21
  Now we're going to go to the Russia article.
• 21:23
  Sorry about that. And here we are.
• 21:25
  I'm still here. Don't you worry.
• 21:27
  You're going to see it. OK, OK, there we go.
• 21:33
  I'll be right back. All right, here's the article
• 21:35
  from the gold fix sub stack. This is Vince Lancey, great guy,
• 21:40
  super respected, puts this out how Russia can will squeeze
• 21:46
  global gold. This is interesting.
• 21:48
  So this is more gold oriented, but we know the Russians are up
• 21:51
  to something with silver as well because they were one of the
• 21:54
  first sovereign nations to actually buy silver as a reserve
• 21:58
  asset. But none the less, Russia plans
• 22:00
  to ban gold bar exports in 2026. Russia's a major, major producer
• 22:09
  of gold, by the way, to curb capital flight and retain
• 22:12
  strategic resources per senior government statements.
• 22:16
  Current law already bans export of precious metals Scrap.
• 22:20
  All right, that's scrap through May of next year.
• 22:23
  No formal decree yet exist for a bullion ban, but the measure
• 22:28
  remains a policy proposal. If enacted, global bullion
• 22:33
  supply will tighten as Russian gold is redirected to the
• 22:38
  domestic reserves. Now, next, let's go to Italy.
• 22:44
  This is a story that's been getting more and more attention.
• 22:47
  Italy is pressing ahead with a claim on central bank's $300
• 22:52
  billion gold pile that came from Reuters.
• 22:55
  Italy apparently is doing what Germany did a while back.
• 22:58
  And like, you know what? We don't want to keep our gold
• 23:01
  at the ECB, the European Central Bank, which is the European
• 23:05
  equivalent of the United States Federal Reserve.
• 23:07
  No, they're saying we want our gold back.
• 23:11
  This precious metal landscape is developing at a very, very rapid
• 23:17
  pace and a very interesting pace.
• 23:20
  There's a scramble to for for countries and people to get
• 23:24
  their hands on physical metal. I do want to mention to you
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  something very important. If you want to do something
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  nice, something charitable this year, please check out a charity
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  called Hope Walks. I'm not sponsored by them.
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  They treat children all around the world who were born with a
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  birth defect called Clubfoot. OK, in America, in Europe, kids
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  get treated for it right away. In poor developing countries, it
• 23:54
  takes about $500 to treat a child for that debilitating
• 23:58
  condition. And it makes a world of
• 24:01
  difference. The, again, the charity's name
• 24:03
  is Hope Walks, and I'll pull it up here.
• 24:06
  Great people. And here we go, hopewalks.org.
• 24:13
  You can go check them out there. There's some videos you can
• 24:15
  watch. Really a great.
• 24:16
  And they're doing a $50,000 contribution match.
• 24:20
  So you got some extra money laying around.
• 24:22
  Go check them out. I think you'll be glad that you
• 24:25
  did. Next up, OK, let's go around the
• 24:28
  world like I promised you. Hold on here.
• 24:31
  And this came from Eric Yuong. Here we go.
• 24:38
  Very interesting, very short, very interesting.
• 24:40
  King Kong 9888-ON X Wow. I think US physical silver
• 24:47
  export controls are in the cards now.
• 24:50
  A lot of people are speculating that that could happen.
• 24:53
  We know that silver was designated as a critical mineral
• 24:58
  what just like 6 weeks ago. But listen to this says thanks,
• 25:02
  PM Bug for the heads up. This comes from Bricks News.
• 25:06
  Just in the G7 financial ministers meet to discuss
• 25:12
  critical minerals and export controls.
• 25:16
  The world is scrambling right now for precious metals and
• 25:21
  other, you know, critical minerals and export controls
• 25:26
  could make things, let's just say very, very interesting
• 25:30
  within the world of precious metals. the Fed, Let's get let's
• 25:34
  talk about the Fed yesterday or no, no Wednesday.
• 25:38
  What time flies? You ever noticed that as you get
• 25:40
  older, sometimes you forget what day it is.
• 25:44
  Sometimes it feels like yesterday, but it was due to
• 25:46
  anyway, our old friend Jerome pal, this is critical for us to
• 25:50
  understand. We guys are in a new It's
• 25:53
  official. I've officially stamped it.
• 25:55
  We put out the announcement. It's happening.
• 25:58
  We are officially in stagflation.
• 26:00
  We know that because of what the Fed is doing.
• 26:03
  It's happening right now, right below our right, in our hands,
• 26:08
  right in front of us. I talked about it years ago, you
• 26:11
  know, so don't worry. I won't go too far down the
• 26:13
  path, right? I talked about recession,
• 26:16
  inflation. This is the stagflation box.
• 26:18
  And our old friend Jerome Powell's in there.
• 26:21
  He confirmed it for us on Wednesday.
• 26:23
  Look in today. Congratulations.
• 26:26
  Oh, big announcement. Whoa, whoa, whoa, whoa.
• 26:28
  I almost forgot. Silver and gold community.
• 26:31
  Big announcement. Not only to Jerome Powell cut
• 26:36
  interest rates on Wednesday while we're in an inflationary
• 26:39
  environment. That's the definition of
• 26:42
  stagflation. OK, but the big deal.
• 26:45
  Congratulations to all my fellow Americans.
• 26:49
  We are back to printing money. We are back in QE because today,
• 26:53
  December 12th, 1212 of 2025, the Federal Reserve is officially
• 26:59
  purchasing now at 40 million dot $40 billion per month UST bills,
• 27:06
  not long term Treasuries, no short term treasuries.
• 27:09
  They're thank you, Susie. That's upstairs, Susie.
• 27:14
  She says hi to everybody. They the Fed is look, this is
• 27:17
  it. Can I make it any more clear for
• 27:19
  you, right. This is the stagflation box.
• 27:23
  We have inflation, we have a slowing economy.
• 27:27
  Some people would say recession, right.
• 27:29
  He's in a box. There he is.
• 27:31
  OK. This is what he's doing now.
• 27:33
  It's printing 40 billion of these, right?
• 27:36
  That's the printing press now every single month.
• 27:42
  And they're buying short term treasury bills, which is even
• 27:44
  more disgusting because of this, right?
• 27:49
  They're not buying. They're they're you, they're
• 27:50
  buying short term treasury bills, right?
• 27:52
  Short. They're not, they're not,
• 27:54
  they're not, they're, they're, they're basically financing our
• 27:58
  government at this point, like a payday loan store.
• 28:01
  You know the payday loan store when it's Wednesday, today's
• 28:05
  Friday, but it's Wednesday and you don't get paid till Friday,
• 28:09
  but you don't have any money. So you go to your local strip
• 28:11
  mall and it says payday loan. And they say, yeah, sure, we'll
• 28:14
  give you a, we'll advance $100 to you right now.
• 28:19
  Here's $100. And on Friday you got to pay us
• 28:21
  back with 130. I mean, it's a RIP off.
• 28:23
  Please don't ever use payday loan stores.
• 28:26
  You don't see them as much now. But anyway, that's what our
• 28:28
  government's doing. They're financing themselves
• 28:30
  with short term debt. You know why?
• 28:33
  Because nobody wants to buy the long term debt.
• 28:36
  Because people in the world can use a calculator.
• 28:39
  Because people in the world know that the only way from a fiscal
• 28:44
  perspective, that our government can keep going is by printing
• 28:48
  more and more and more money. Because unfortunately, I love my
• 28:53
  country. Look, where is it?
• 28:54
  There it is right there. I got the American flag.
• 28:56
  I love the founding fathers who put silver and gold in the
• 28:59
  Constitution. Unfortunately, right?
• 29:03
  Both sides, Democrats and Republicans over the last what,
• 29:06
  40 years? Nixon started it when he
• 29:09
  temporarily took us off the gold standard.
• 29:11
  But guys weren't that spiral. I don't know, prove me wrong.
• 29:15
  OK, But I do have a degree in accounting.
• 29:18
  I did work for a BIG4 accounting firm.
• 29:20
  I understand money. I don't get real fancy down here
• 29:23
  because who wants to be fancy? We want simple, common sense,
• 29:26
  powerful. It's powerful to look at the
• 29:29
  United States of America's financial situation.
• 29:33
  And it's undeniable that we're in a debt spiral.
• 29:36
  We got 38 trillion in debt, which means that we're now
• 29:40
  paying one trillion in interest on that debt.
• 29:43
  But that interest goes into the deficit, right?
• 29:46
  Which is like 2 trillion, which makes the national debt get
• 29:50
  bigger, which makes the interest expense get even even bigger,
• 29:54
  which makes the deficit get even even bigger, which makes the
• 29:58
  overall national debt. It's a debt.
• 29:59
  The only thing they can do. Oh, we got a super chat.
• 30:04
  Wow, I got a super chat. Thank you.
• 30:06
  The only thing they can do is print money.
• 30:08
  But so that's the big take away here, which is very important
• 30:13
  for us to realize, right? All that money that's printed
• 30:18
  that devalues the US dollar. You don't have to be Albert
• 30:22
  Eisenhower to figure that much out, right?
• 30:24
  Thanks a lot, Richard Nixon, for taking us off the gold standard.
• 30:28
  But like you said temporarily, because you know what, guys, I
• 30:31
  don't care what anybody says, I believe that the world like like
• 30:34
  that. They could take us off the gold
• 30:36
  standard. They can print money, pay
• 30:38
  whatever. Gold and silver are the only
• 30:40
  real forms of money. I want to say they uh oh, hold
• 30:43
  on wrong screen. Oh here, I had one more thing to
• 30:47
  share with you. We'll get to that in a second,
• 30:50
  but I ask crypto then I got one more more thing to share.
• 30:53
  Breaking US Federal Reserve will begin to purchase 40 billion in
• 30:58
  treasury bills from today. More liquidity is coming into
• 31:02
  the market. All right now let's go out here.
• 31:06
  I want to say thank you to you for being here.
• 31:09
  Please don't forget to subscribe.
• 31:11
  But looks like I got a super chat.
• 31:13
  Wow. E silver stacker sloth.
• 31:16
  Take Susie to lunch for all her hard work.
• 31:19
  Thank you for that super super chat that is.
• 31:23
  And I think maybe I could be wrong.
• 31:24
  The E silver stacker sloth. Maybe you have your own YouTube
• 31:28
  channel. If if he does, guys, go check
• 31:30
  him out. Thank you for that super chat.
• 31:33
  And we love sloths in our house. My daughter, one of my
• 31:36
  daughter's is a big sloth fan. We've got stuff sloths
• 31:39
  everywhere. What else do we need to do?
• 31:41
  Oh, wow, Susie. So hold on.
• 31:43
  Let's call upstairs Susie and get an update.
• 31:47
  And thank you guys. Hey, let's give it a thumbs up.
• 31:49
  Please hold on. Let's call upstairs Susie.
• 31:53
  Susie, did I forget anything over?
• 31:58
  Maybe ring the bell today or something?
• 31:59
  You got 250 likes. All right, we got 250 thumbs up.
• 32:03
  Doesn't it feel good to press that thumbs up button?
• 32:06
  I'm going to ring the gong before I do that.
• 32:09
  Oh, shoot. Hold on here.
• 32:11
  Gets back on full screen hanging right there.
• 32:17
  You can see it from the ceiling. Hold on.
• 32:19
  Let me get it. I'm going to hypnotize you.
• 32:21
  What you bonking the silver bear in the head?
• 32:28
  There's the old silver bear. Don't forget right there, we're
• 32:31
  going to take the blindfold off him when silver hits $85.
• 32:34
  But that swinging item right there is a dirty man safe.
• 32:38
  Look, if you're looking to get a Christmas gift, a holiday gift
• 32:41
  for somebody you love who's in the medals, go check out Dirty
• 32:44
  Man Safe, right? You can actually, they're,
• 32:47
  they're very cool. They have all different sizes,
• 32:50
  all different price ranges, but they allow you to bury the safes
• 32:54
  in the ground like the pirates did, right?
• 32:57
  That's where the pirates hit all their silver mostly, right.
• 33:00
  And it's, and it's think about it, if you have a safe in your
• 33:03
  house, maybe you have a safety deposit box.
• 33:06
  It, it helps to diversify. And when something's buried in
• 33:10
  the ground, it's safe from fires, floods, everything
• 33:14
  imaginable. But remember, you can save 10%
• 33:17
  with the discount code Ron 10, Ron 10.
• 33:23
  Yeah, Ron 1010%. But it's a good gift idea.
• 33:26
  And I've been imagine they could probably get it shipped out to
• 33:29
  here still before the holidays. Now let's ring the gong.
• 33:32
  Thank you guys for all the thumbs up.
• 33:34
  Thank you. I'll let you ring this one.
• 33:43
  I don't know if you can hear that or not, but it like I guess
• 33:46
  that's called resonates, resonates for like 10 seconds
• 33:49
  after you, after you. Dang it, have a great day.
• 33:52
  Remember this, I should have talked about this earlier, OK,
• 33:56
  If we have a red day in the markets, it's not the end of the
• 33:59
  world for gold and silver. Nothing goes up in a straight
• 34:03
  line anything. Look at Apple stock, look at
• 34:06
  Microsoft stock that went from like 30 bucks to 5 million where
• 34:10
  it is today, right? There's always going to be pull
• 34:12
  backs, consolidations. We are in such a wonderful
• 34:15
  period of time for the precious metals.
• 34:18
  I super appreciate you being here.
• 34:19
  I super appreciate super chat again.
• 34:23
  Thank you guys. If you get a chance, subscribe
• 34:26
  to the channel. Most importantly, I hope to see
• 34:29
  you again down here in the basement.
• 34:31
  You're important. Have a great day and I'll see
• 34:33
  you. Yes, you next time.