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🚨 ALERT! - Silver DOES This - Plus $141k Gold Price · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  $60.00 silver will be here before you know it.
• 0:04
  Don't you worry one bit. We're going to lay out some
• 0:06
  crazy, interesting facts in this video today.
• 0:10
  What's going on with President Trump?
• 0:12
  More crazy, crazy news to talk about that shows that the
• 0:17
  precious metals are going to be headed much higher.
• 0:19
  And guys, there is so much happening right now in the
• 0:24
  world. There's no way that we won't see
• 0:27
  $60.00 silver by April. Let's get started right now with
• 0:30
  the big warning for silver. Big, big warning, right?
• 0:33
  We are coming up against $35 per oz again.
• 0:37
  But what does that mean? What's the big warning?
• 0:40
  The big warning is that we may get beat down.
• 0:44
  However, we really in the long run have nothing to worry about.
• 0:49
  I'm going to show you on the chart here in just one second
• 0:52
  after I say thank you for joining me here in the basement.
• 0:55
  We love gold. We love silver.
• 0:57
  Even people from the crypto sector love to hear about the
• 1:01
  precious metals. So thank you for being here.
• 1:03
  Please subscribe to the channel, give the video a thumbs up.
• 1:07
  I want you to feel like you're at home when you're down here in
• 1:09
  the basement, like you've got a new friend, a new friend for
• 1:13
  life. Let's go see what's going on
• 1:15
  with silver and we're going to go straight to the charts where
• 1:19
  we see this right now we are looking at a one year chart of
• 1:24
  silver. This is super interesting guys.
• 1:27
  What is developing, as you can see back here, late last year we
• 1:32
  hit up at the $35 range again. Oh, about two months ago we hit
• 1:37
  the $35 range, and again we are hitting again at the $35 range.
• 1:44
  If we don't breakthrough this time, which we may not, there
• 1:48
  are major forces that will try to suppress and manipulate the
• 1:53
  price of silver. We know that this would be
• 1:56
  what's called a triple top 123. You can see the three red
• 2:01
  circles. A triple top is very, very
• 2:04
  unusual in anything that's traded, whether you're talking
• 2:08
  about stocks, bonds, commodities.
• 2:11
  A quadruple top is almost statistically unheard of.
• 2:16
  So the good news here is, and I want to look you in the eyes as
• 2:20
  we as we say this, if indeed they do succeed in pushing down
• 2:25
  the price of silver again. If we go up there again the 4th
• 2:29
  time and maybe that would be a month from now, maybe that would
• 2:32
  be two or three months from now later in the summer.
• 2:35
  There's no stopping it essentially the 4th time it
• 2:38
  could happen, but it's like a one in 146 or A1 in 1000 chance
• 2:44
  that it can happen. We know also from looking at
• 2:48
  this chart that we have a massive, massive amount of
• 2:53
  support that has been built up. Hold on, I want to get the
• 2:56
  crayons out here. Over the last year again, if we
• 3:04
  look at the 30, we draw a red line at $30 and we draw another
• 3:09
  red line, let's say about right here, probably about $33.
• 3:14
  Guys, most of the year has been spent in this price range.
• 3:19
  Yeah, we broke out a little bit here, of course, when we had
• 3:21
  those two prior attempts to breakthrough $35 and we were
• 3:26
  down there. But mostly this whole section
• 3:30
  right here is where the silver prices stayed for the last one
• 3:35
  year. That means that we have
• 3:36
  consolidated, That means that people who wanted to sell their
• 3:41
  silver those weekends, those Chicken Littles, they sold and
• 3:45
  they were mostly replaced by people who know the solid long
• 3:50
  term story behind silver. The other thing I want to point
• 3:54
  out on this one year chart that I find interesting is it appears
• 3:59
  to me like we have a bit of a very short term cup and handle
• 4:04
  formation. All right.
• 4:08
  And you know what the cup and handle means.
• 4:09
  It's a very short term formation, but I believe that I
• 4:13
  see it. I've heard other people talking
• 4:15
  about head and shoulders more more in reference to the gold
• 4:18
  chart. And then I just want to pull up
• 4:19
  the five year chart of silver. Man, it is looking good.
• 4:25
  Sure, you know we're not like super techie, but look at that,
• 4:29
  right? Going back to what mid 2022, so
• 4:33
  3 years ago, silver has been on a very, very solid uptrend.
• 4:38
  So things are looking good for silver.
• 4:39
  And on top of that, and let me just, let's just wrap up here,
• 4:43
  right? If they are indeed able the beat
• 4:47
  silver down again, hammer it down, monkey hammer it, whatever
• 4:50
  you want to call it, smash it. And we go back to 33303132 for a
• 4:56
  short period of time. The 4th time that we attempt to
• 5:00
  breakthrough $35, it's almost statistically impossible that we
• 5:05
  don't breakthrough. And when we get through 3536,
• 5:09
  $37 per oz, it's Katie bar the door.
• 5:12
  There's hardly any overhead resistance up there because
• 5:16
  think about it, guys. There's nobody who bought silver
• 5:20
  in that 3738 to $40 range who's waiting for it to get there so
• 5:25
  they can sell, OK? What we're going to have is this
• 5:28
  unbelievable solid base of people who've bought over the
• 5:33
  last year. I think things are getting
• 5:35
  crazy, crazy interesting in the silver market.
• 5:38
  Let's go look more data about silver.
• 5:42
  That gives us even more reason to be optimistic yesterday.
• 5:46
  We're talking about price manipulation.
• 5:48
  This comes from the dude. Hold on here and let's make sure
• 5:55
  we've got Yep, there we go. OK, on X, the silver market
• 6:01
  yesterday traded 437,000,000 paper ounces.
• 6:05
  Are you kidding me? That is half.
• 6:08
  That is equal to half electronic paper silver, half of the entire
• 6:13
  year's silver mining output in one day.
• 6:18
  They trade half in paper or or or electronic silver.
• 6:22
  Then he says as well, if we can pass $35, silver will move
• 6:27
  quickly to $50. After 50, the sky is the limit.
• 6:31
  This is what happens when you manipulate an asset for over 100
• 6:36
  years. Now let's go take a look at some
• 6:39
  more astounding data. Let's go out to Kitco and get an
• 6:42
  update on the current spot silver price.
• 6:47
  All right, so let's go here and we'll look at the bid price on
• 6:51
  silver. This is the New York spot price,
• 6:55
  OK? Not that it's manipulated like
• 6:58
  we just talked about. We got a spot price right now of
• 7:01
  $34.38. Help me remember that.
• 7:05
  OK, let's go see just for fun what the silver price closed at
• 7:11
  yesterday in China on the Shanghai Gold Gold Exchange
• 7:16
  where we have a physical market. This comes from our our friend
• 7:19
  the Oriental Ghost. So we had 3438 in the United
• 7:23
  States and in Shanghai, China on the physical market.
• 7:28
  Oh, the price is all over $2.00 per oz higher.
• 7:34
  OK, this is AG on the Shanghai Gold Exchange.
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  It's incredible guys, the manipulation that's going on in
• 7:43
  the silver market right now. Next, we're going to talk about
• 7:47
  $141,000 gold. But before we do that, I want to
• 7:51
  say thank you to channel sponsor First Mint.
• 7:54
  They're sponsoring the gold and silver content here in Ron's
• 7:57
  basement. First Mint is a silver mint
• 8:00
  located in Las Vegas, NV. They are part of First Majestic
• 8:05
  Silver. That's Keith Newmyer's Whether
• 8:07
  or Not Silver mining company. So First Mint is very unique.
• 8:11
  They're one of the only bowl of mints that I know of where they
• 8:15
  actually use silver, that they're sourcing them
• 8:18
  themselves. First Majestic Mines the silver
• 8:21
  in Mexico ships at the First Mint in Las Vegas, NV where it's
• 8:26
  made into world class. The silver bullion products
• 8:30
  right here. I've got the year of the snake
• 8:33
  coin. I will show you.
• 8:35
  Absolutely beautiful. Isn't that a beauty?
• 8:37
  Look at that thing. OK, they're making some unique
• 8:41
  products at First Men. I'll run you out to their
• 8:44
  website here real quickly. And here we go.
• 8:50
  That's their Buffalo round. There is the Year of the Snake
• 8:54
  that we just looked at Year of the Dragon and of course they
• 9:00
  have 5 oz, 10 oz and 1K bars. They have free shipping on
• 9:04
  orders over $199. It's a great company.
• 9:09
  You know where the silver's coming from?
• 9:11
  It comes from the mine to the meant to you.
• 9:15
  It is never touched by the Comex or the LBMA.
• 9:18
  That's pretty cool if you think about it.
• 9:20
  This is like one of the only forms of silver when you buy it
• 9:24
  from First Mint that I know of, where you can guarantee this
• 9:28
  silver is free from the LBMA and the Comex.
• 9:32
  Thank you, First Mint for sponsoring Ron's basement.
• 9:35
  Let's talk about 100. If you heard all this hubbub out
• 9:37
  there, $141,000 gold. I see other Youtubers making
• 9:42
  videos about it. I just want to tell you kind of
• 9:45
  give you a rundown on what they are talking about and here we
• 9:50
  go. This comes from XI.
• 9:53
  Think this really summed it up best of all from Make Gold.
• 9:57
  Great. Want to balance the USA's books?
• 10:01
  It's easy. the United States has 37 trillion in debt.
• 10:05
  That's the red circle. We have gold reserves of 8.1000
• 10:10
  tons. Just press the reset button and
• 10:13
  the gold price would need to be $141,144.00, which seems crazy,
• 10:22
  right? And look, we know most likely
• 10:25
  that most likely that will never happen, but that just shows you
• 10:29
  how our dollar is based on nothing, the debt, nothing but
• 10:33
  dreams, OK? It's a big, big, big almost
• 10:38
  Ponzi scheme, a lot of people say.
• 10:40
  And if we really wanted to back all of our debt with gold, it
• 10:44
  would take $141,000. Again, I'm not saying that's
• 10:48
  going to happen, but that just demonstrates to us how out of
• 10:52
  control the Fiat paper money system has become.
• 10:56
  OK, back to China, we just looked at how their their silver
• 11:00
  prices what 8% higher than what we're paying here in the United
• 11:05
  States, but they're doing some unbelievable things.
• 11:07
  China is taking over the precious metals market.
• 11:11
  So let's go get a a recent update.
• 11:13
  This comes from Kitco and our friend Ernest Hoffman shares
• 11:21
  with us that the Shanghai Futures Exchange is offering
• 11:25
  overseas investors and brokers direct access to gold and silver
• 11:31
  contracts as China pushes for pricing power over commodities.
• 11:36
  OK, China, China is taking over the, the, the, the pricing of
• 11:42
  the precious metals. But on top of that, guys, they
• 11:45
  have more of a physical market and their market prices are
• 11:48
  always a especially with silver like we just saw significantly
• 11:52
  higher. But let's dig into this briefly
• 11:54
  in yellow, The Shanghai Futures Exchange will open up China's
• 11:58
  domestic futures market to direct involvement by overseas
• 12:02
  investors, brokers and exchanges.
• 12:05
  The exchange announced on Tuesday in red.
• 12:08
  This announcement is basically a constitutional change for the
• 12:12
  entire Shanghai future futures exchange opening up.
• 12:16
  That's from Bands Financial CEO Tiger told Reuters.
• 12:21
  Access for foreign investors to all the Shanghai Futures
• 12:25
  Exchange products is on a fast track from now on.
• 12:29
  Now this comes on top of news that we got back on April 21st,
• 12:34
  news that a lot of people didn't cover, I believe closely enough,
• 12:37
  and that the the Shanghai Futures Exchange was massively
• 12:40
  expanding their precious metals warehouse market all around the
• 12:45
  world. Now we know why, right?
• 12:47
  Because now they're opening up their markets to investors from
• 12:50
  all around the world. And now we also can see, can you
• 12:54
  see it a little more clearly, right, that the Chinese are
• 12:58
  taking over the precious metals pricing and the Chinese have
• 13:03
  long we, there's all this, but the Chinese have been buying
• 13:06
  gold like crazy on top of, on top of all the other world
• 13:10
  central bank. So it's no wonder that we've got
• 13:13
  companies like JP Morgan talking about the, the prospect of $6000
• 13:18
  gold here in the next what, like 3-4 years, OK, if only like a
• 13:24
  minuscule amount of of capital that's in the West is moved to
• 13:28
  gold like less than 1%, like .5%, right?
• 13:32
  It's happening. This is real.
• 13:34
  Don't forget with silver, right? We're 1/3 time might be a charm.
• 13:38
  I'm not saying we're not going to breakthrough.
• 13:40
  I forgot to say that earlier, right?
• 13:42
  But this is our third time in what, one year where we've hit a
• 13:46
  triple top in silver? We've not yet failed.
• 13:50
  OK? So I want to make that real
• 13:51
  clear. And when silver gets through
• 13:53
  there, believe me, it's Katie. Bar the door.
• 13:55
  I told you. And those are the reasons why I
• 13:59
  feel so confident that by April Fool's Day 2026, we will have a
• 14:06
  silver price of $60.00 per oz. Now we got more to talk about
• 14:10
  with Trump and Fidelity Investments.
• 14:13
  It's not just the Chinese, but Fidelity Investments is saying
• 14:18
  something about precious metals and I'm going to share with you
• 14:20
  in just one second. But first, I do want to say
• 14:23
  thank you to 1st Mining Gold for also sponsoring my gold and
• 14:28
  silver content. Their development stage gold
• 14:30
  mining company in Canada. They have two large massive
• 14:34
  multi million ounce projects. Gold in the grounds already been
• 14:38
  defined in Canada, the Spring Pool project in in Ontario and
• 14:43
  the Duparquet project in Quebec and they have another million
• 14:48
  ounce project, the Cameron project also in Canada.
• 14:51
  This is gold in the ground. Millions and millions of dollars
• 14:57
  have been spent to define these resources.
• 15:00
  I like, you know, it's a stock that I own.
• 15:02
  I'm not giving financial advice, but I like owning the
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  development stage companies both in the silver and gold area
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  because I feel like I own the metal.
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  It's in the ground, it's in the safest safe that you could ever
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  ask for. But thank you to 1st Mining Gold
• 15:18
  for sponsoring the gold and silver content.
• 15:21
  If you ever have any questions, reach out to
• 15:23
  paul.morrishestheirdirectorofinvestorrelationspaul@firstmininggold.com. All right, let's see here.
• 15:32
  Next, Fidelity Investments, I get this e-mail from Fidelity, I
• 15:37
  have an account with Fidelity from their active trader, big
• 15:40
  news, blah, blah. And it's about gold.
• 15:43
  And what does that tell us? Number one, right #1 here,
• 15:48
  here's a couple of the actually two articles how to buy gold,
• 15:51
  OK, most most recently from Fidelity, OK, they talking about
• 15:56
  people. This is Fidelity Investments
• 15:59
  talking about how to buy gold, physical gold and financial
• 16:02
  investments are ways to invest in gold.
• 16:05
  But hold on, wrong tab. There we go.
• 16:09
  Sorry, guys. Now, now you're seeing it, OK?
• 16:13
  But also the one that caught my eye and the one that they
• 16:16
  emailed to me and went out of their way to e-mail, this was
• 16:20
  this one. The gold rush.
• 16:21
  Can gold prices continue their historic run?
• 16:24
  Why is this a big deal? Because we've talked about it so
• 16:28
  many times. Nobody in the West, none of your
• 16:32
  neighbors, OK, none of your friends, only us, the ones who
• 16:37
  are out ahead of the herd looking around the corner.
• 16:40
  But none of your neighbors, none of your friends own precious
• 16:43
  metals. Very few western investors own
• 16:47
  precious metals in the mainstream financial.
• 16:51
  The industry has been anti gold, anti silver for decades and
• 16:56
  decades, mostly because they couldn't figure out a way to
• 16:59
  make a lot of money off of it. That's what I've heard.
• 17:02
  Just a little suspicion, speculation if you will.
• 17:05
  But now they're being forced with gold having gone on this
• 17:09
  unbelievable run, right? Gold price right, proving itself
• 17:15
  at $3300 per oz. Silver on the verge.
• 17:18
  If we breakthrough this triple top now or through the quadruple
• 17:23
  top a month or so from now, silver is going to go on a
• 17:25
  massive run. It's only a small part of the
• 17:29
  people out there. Look, I got the, the, the, the
• 17:32
  e-mail from Fidelity. So did everybody else is
• 17:36
  thinking about gold? We know what's going on with
• 17:38
  Costco and the Costco, but if we just get a little trickle, we've
• 17:42
  got this massive advantage with precious metals.
• 17:45
  It's called the law of small numbers when only whatever one
• 17:49
  percent, 2% of all the capital in the West is invested in
• 17:54
  precious metals, even just the smallest increase.
• 17:57
  And that's what JP Morgan is talking about to that amount,
• 18:01
  excuse me, amount could have a massive, massive, massive
• 18:06
  impact. What about President Trump?
• 18:09
  It's it's getting crazy supportive.
• 18:12
  Why is President Trump going to be known as the gold and silver
• 18:15
  president? Maybe the crypto president as
• 18:18
  well. Anything non Fiat.
• 18:20
  I'm going to show you why right now.
• 18:22
  It's real simple, OK, And we got a couple of things to unpack as
• 18:27
  we talk about this, but we get this article yesterday about
• 18:32
  Trump. Actually, just this morning,
• 18:34
  Trump calls Powell unbelievable as he renews, calls for lower
• 18:39
  rates. OK, President Trump renewed his
• 18:43
  calls on Federal Reserve Chair Jerome Powell to lower interest
• 18:46
  rates as a new report showed weakness in the job market.
• 18:50
  Too late. Powell must now lower the rate.
• 18:54
  Trump posted Wednesday on True Social.
• 18:56
  He's unbelievable, OK? And he was talking about this
• 18:59
  because we had some horrible ADP employment numbers that came out
• 19:03
  today. And then we're going to get the,
• 19:05
  quote, UN quote, official employment numbers this Friday
• 19:08
  from the Bureau of Labor and Statistics.
• 19:11
  But look, Trump is putting massive pressure on the Fed.
• 19:15
  This is why these are the reasons why Trump is going to be
• 19:18
  known as the, the, the, the destroyer of the paper dollar,
• 19:22
  the gold and silver president, OK?
• 19:24
  Cuz he's putting massive pressure on Powell to lower
• 19:28
  rates, OK. On top of that, we know this new
• 19:33
  piece of legislation that he's forcing through the House and
• 19:36
  Senate is going to blow out the national deficit again, OK?
• 19:42
  Even even Elon Musk has come out and said this is ridiculous
• 19:47
  again. And Elon was just at the White
• 19:49
  House, as we know, not too long ago.
• 19:50
  I'm not making any kind of political statement here.
• 19:53
  I'm just stating the facts. And we've talked about this
• 19:57
  months ago, right? I, I, we, we talked about this
• 20:00
  guys like Donald. Donald Trump's history is not
• 20:03
  one of austerity. He's the king of debt.
• 20:06
  He's actually claimed bankruptcy.
• 20:08
  Again, not a political statement, just facts.
• 20:11
  We're trying to examine this from through the eyes, the
• 20:14
  goggles of gold and silver. So as he's pressuring the Fed,
• 20:18
  which is very unusual for a president to publicly pressure
• 20:21
  that the lower interest rates as he's as he's going to blow out
• 20:26
  the deficit again, right? We already know we have $37
• 20:30
  trillion in national debt. We already know it would take
• 20:32
  $141,000 gold price just to back that up.
• 20:37
  We are going to move into an environment in the next two or
• 20:39
  three years. We already know.
• 20:42
  Look, stagflation, I mean, we've been talking about this for
• 20:45
  years, basement dwellers, right? We, we, I bang the table.
• 20:49
  Remember we called it the S word stagflation.
• 20:51
  Remember this the, the, the R for recession.
• 20:56
  What did we hear this morning? What we heard that the economy
• 21:01
  is creating less jobs, the I for inflation, right?
• 21:04
  Lowering interest rates. That puts this guy in a box.
• 21:08
  This puts him in a very Jerome Powell, a very difficult
• 21:11
  situation. He's even talking about
• 21:13
  stagflation. Stagflation is the world's most
• 21:17
  fertile ground, precious metals prices.
• 21:21
  I won't, I'll tell you again quickly.
• 21:23
  Just look back at the 1970s and you can clearly see what happens
• 21:28
  to the gold price and the silver price in an, in a stagflationary
• 21:31
  environment, they go through the roof.
• 21:34
  So when we look at all this, what's going on with silver
• 21:37
  attempting the third time to breakthrough $35.00 an ounce.
• 21:41
  When we look at what's going on with China right now, right,
• 21:45
  just in their physical market, silver price being 8-9 percent
• 21:49
  higher and what it is in the United States, China making
• 21:52
  massive moves, right, to take over the world's precious metals
• 21:57
  price discovery. Essentially.
• 21:59
  When we take a step back and look at what's going on in the
• 22:03
  United States from a fiscal perspective, what's going on
• 22:07
  with bond rates in this interest rates in this world, The, the,
• 22:12
  the, the we are in, we are in a new paradigm.
• 22:16
  Things have shifted, right? Markets are changing with really
• 22:20
  has happened and I think we're in for some wonderful good times
• 22:23
  when it comes to non Fiat based investments.
• 22:29
  Anything that you're using the US dollar as a unit of measure
• 22:34
  to measure that's that's that's finite in nature is going to, in
• 22:38
  dollar terms, I believe go much, much higher.
• 22:42
  Again, I'm not a financial advisor.
• 22:44
  Don't make any financial decisions based on what I'm
• 22:46
  saying. This is my belief, right?
• 22:48
  And it's still a free country and I can still say it.
• 22:51
  So I also want to say thank you to channel sponsor Ledger, the
• 22:55
  cryptocurrency hardware wallet security leader and Moon pay,
• 22:59
  right? They are the fintech leader.
• 23:02
  You can check both them out of their respective websites.
• 23:05
  Hey, I want you to come back and see me again in the basement.
• 23:08
  We'd love to talk about silver and gold, and we know we've got
• 23:12
  some unbelievable good times ahead, but it's only possible
• 23:17
  with you and your participation. So thank you for being here.
• 23:21
  I want you to take care of yourself and I'll look forward
• 23:23
  to seeing you next time.