Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / U.S. Senator made a BIG MISTAKE with GOLD... (and SILVER Too)

Transcript

U.S. Senator made a BIG MISTAKE with GOLD... (and SILVER Too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  Hey guys, welcome to the live stream.
• 0:03
  Welcome to the basement. I'll apologize for my voice.
• 0:06
  I have been very sick for the last 24 hours, so you'll have to
• 0:10
  deal with my raspy voice. The world's worst sore throat if
• 0:14
  you ever had one of those. And coincidentally, I went to
• 0:18
  Six Flags on what day would that be Friday with my daughters and
• 0:23
  rode the Screaming Eagle roller coaster.
• 0:24
  And my back is like, I can barely walk.
• 0:27
  I can barely stand up. So double whammy.
• 0:30
  You don't want to hear me whine and complain.
• 0:32
  You're here to talk about silver, gold and platinum.
• 0:35
  Hey, at the end of this video, I will give an update on the
• 0:37
  channel as well. I'm going to let you guys know
• 0:40
  about some things that are going on.
• 0:41
  But First off, thank you Annie Oakley for being here.
• 0:44
  This was kind of a snap live stream early on Sunday morning.
• 0:47
  I've been waking up super duper early.
• 0:50
  I guess a lot of you wake up early too, right?
• 0:52
  If you're here on the live stream.
• 0:53
  So us early birds, let's talk about a few interesting things.
• 0:57
  Good morning, Wes. Good morning, Magic Moon.
• 0:59
  All right, guys, What? What do you think this is?
• 1:03
  It's not funny, but it is funny when AUS senator takes bribes.
• 1:09
  OK. And then another US senator
• 1:13
  brings up the point that that maybe in the future, if the
• 1:16
  senator is going to take bribes from the Egyptian government,
• 1:19
  maybe he should take them in gold so they hold their value.
• 1:23
  Yes, that's really going on right now, but it's crazy when
• 1:27
  you look at this Bob Menendez situation.
• 1:30
  Let's go and and see how different things would have been
• 1:34
  if Bob had only taken the bribes in gold.
• 1:37
  So here's this article from Zero Hedge from our friend Mike
• 1:41
  Mahari, great journalist. I love Mike.
• 1:43
  He's been on here in the basement, authored by Mark Mike
• 1:47
  Mahari from Money Medals. If you're going to take a bribe,
• 1:50
  you shouldn't, which you shouldn't, at least take it in
• 1:53
  gold. And here's our friend Menendez,
• 1:57
  who claims he's innocent, of course.
• 1:59
  OK? According to the indictment, he
• 2:01
  took 13 gold bars. It goes into more detail down
• 2:05
  here. According to court documents,
• 2:06
  Senator and Missus Menendez accepted the gold along with
• 2:10
  cash and an automobile from three prominent Egyptian
• 2:13
  businessmen in exchange for the senator's influence, according
• 2:17
  to the indictment. Listen to this is crazy.
• 2:19
  In June 2022, in the raid of the couple's New Jersey home, they
• 2:24
  found $480,000 in cash, much of it stuffed into envelopes and
• 2:29
  hidden in clothing, closets and a safe.
• 2:33
  Police also found 21 kilogram bars.
• 2:36
  So that's each one kilogram bar I think is like 31 or 32 or 33
• 2:40
  oz, along with eleven one ounce gold bars.
• 2:44
  Now this is where it gets interesting.
• 2:46
  OK, so now, of course, Mr. Menendez, this guy, right?
• 2:50
  Yeah. He's deeply disturbed that he
• 2:52
  was found guilty. Of course, he wasn't taking a
• 2:54
  bribe. But I love what Mike talks about
• 2:57
  here. This this, this is, this is,
• 2:58
  this is for us precious metals investors.
• 3:02
  If you're going to, if you're going to accept a bribe, getting
• 3:05
  it in gold is the way to go. According to the indictment,
• 3:08
  multiple gold bars were found during the court authorized
• 3:11
  search the couple's home. He also performed a web search
• 3:15
  on how much is 1K of gold worth, so he didn't even know what was
• 3:18
  going on at the time of the indictment.
• 3:20
  This is where it gets interesting.
• 3:23
  In June of 2022, the spot price of gold was about $1800 per oz.
• 3:28
  Menendez received just over 81 ounces of gold at the bribery in
• 3:33
  the bribery scheme. At the June 2022 price, it was
• 3:37
  worth over 145. About $145,000 in gold is what
• 3:42
  he was given as a bribe. Here's the kicker, gold holds
• 3:45
  its value and even appreciates over time, unlike the 480,000 in
• 3:49
  cash. So he got 145,000 worth of gold
• 3:53
  and 480 worth of cash. OK, the gold is worth a lot more
• 3:57
  money today than it was then. Excuse me today those gold bars
• 4:03
  that were worth 145,000 just two years ago are now worth 200,000
• 4:09
  if we're going to measure them in paper.
• 4:11
  Unicorn fart dust, funny money, whatever you want to call it,
• 4:14
  right? Basement dwellers?
• 4:16
  That's a 37, almost 38% increase.
• 4:19
  Meanwhile, the 480,000 in cash, 202,022 cash is only worth
• 4:26
  452,000 today thanks to the price inflation.
• 4:30
  The only thing I think Mike missed was demonstrating that if
• 4:34
  instead of taking $480,000 in cash, let me pull out my
• 4:39
  calculator, had he taken that 480K in cash?
• 4:44
  OK times 1.38, right? Yes, he would have $660,000
• 4:54
  worth of gold. The 480 in cash would have
• 4:56
  turned into 660,000. So the lesson to Mr. Menendez, 2
• 5:01
  lessons #1 don't take bribes and #2 if you are going to take a
• 5:06
  bribe, guys, take it in gold, take it in silver, OK?
• 5:09
  I don't recommend taking bribes. You guys bribe me with those
• 5:13
  super chat things every once in a while.
• 5:14
  Hey, thank you, Annie Oakley for being here.
• 5:17
  Thank you to all you guys for being here, OK?
• 5:19
  I've been under the weather and to be honest with you, a little
• 5:22
  burnt out lately, real burnt out.
• 5:24
  So it's a big deal to me. I appreciate your support.
• 5:27
  I appreciate you supporting the channel.
• 5:30
  I'll talk more toward the end about what's going on with the
• 5:32
  channel and share some updates with you.
• 5:35
  But right now, oh, this is interesting.
• 5:38
  We're hearing about, look, we've made a big deal about this.
• 5:41
  What happens, what do you think happens if the ETF demand for
• 5:47
  silver, let's just talk about silver, starts to go up.
• 5:51
  We know that the discount on the PSLV, the Spratt Physical Silver
• 5:56
  Trust has disappeared, which means money is moving into the
• 6:00
  PSLV buying physical silver. What about SLV?
• 6:04
  And I saw this this morning. Wait till you see this guys.
• 6:07
  This could be good. This comes from our friends over
• 6:10
  at the Silver D Gen. Club and they say SL VS counter
• 6:16
  intuitive move again so this must have happened more than
• 6:20
  once this week let's take a look there's SL make sure I got you
• 6:25
  on the screen with me here, which I do sorry guys there's
• 6:28
  SLV OK, that's Friday. Look at this the number of Oz in
• 6:34
  the SLV went up by 6,000,000 oz. That's I think that's
• 6:40
  significant right? I mean, on a day when the price
• 6:43
  of silver got clobbered on a week, right?
• 6:46
  Remember last week guys, this was on Friday and the number of
• 6:50
  Oz went up by 6,000,000. Remember last week, Remember,
• 6:54
  Remember terrific Tuesday last week and we had silver at $31.50
• 7:00
  per oz. We were talking about the the
• 7:02
  early fall rally coming early. We were talking about breaking
• 7:06
  through $3334 per oz. And now wait till you hear this
• 7:10
  next piece of, of analysis I have for you.
• 7:13
  Now we're hoping we can hold $28.00 per oz, OK.
• 7:18
  But none the less, this is very encouraging that in the SLV for
• 7:22
  some reason it went up. OK, let's see what the
• 7:26
  commenters. A lot of times you can get some
• 7:28
  good comments on this. Where do you find this chart?
• 7:30
  Oh, here, I'm going to show you guys this.
• 7:33
  I thought this was pretty cool. This is where you find the chart
• 7:38
  looks like it's called Troy ouncegold.com and they just have
• 7:44
  a lot of different interesting charts.
• 7:46
  Precious metals ETF summary, you can see the US Mint activity,
• 7:51
  bullion warehouse activity. OK.
• 7:55
  And eligible. OK, this looks at the eligible
• 7:59
  and registered that went down. Does that say the date that's
• 8:04
  the 18th of July, So that would have been Thursday.
• 8:06
  Anyhow, interesting website you might want to check out.
• 8:11
  Didn't know anything about it until this morning, so I wanted
• 8:15
  to share that with you guys. SLV jumped 4 million oz Friday,
• 8:18
  right? How is this counterintuitive,
• 8:20
  somebody asks? Well, it's counterintuitive.
• 8:23
  I'll answer that for you. I'm Minimus because you would
• 8:26
  think that with the horrific action we had in the silver
• 8:30
  price Wednesday, Thursday and Friday of last week that the a
• 8:34
  number of shares of the SLVETF would have been sold, would have
• 8:38
  gone down. So that's why it is counter
• 8:41
  intuitive. How's everybody doing?
• 8:43
  I can't believe 200 of you guys are with me here.
• 8:46
  Old sick Ron, old Ron's basement.
• 8:49
  We can do it guys, we can do it. We never give up.
• 8:52
  So thank you. Please give this a thumbs up.
• 8:54
  Subscribe to the channel if you excuse me if you like.
• 9:00
  I've never been so sick in my life.
• 9:02
  So I apologize for my voice and possibly my attitude, but we'll
• 9:06
  we'll get more into this as well.
• 9:08
  Let's go to this one. You know who we haven't talked
• 9:11
  this. Let's have some fun guys.
• 9:13
  Silver investors, Silver Academy, John Little right now
• 9:18
  the silver industry sub stack Thursday and Friday's drop in
• 9:21
  silver can be explained by the gold to silver ratio back
• 9:24
  testing the previous support line.
• 9:27
  I didn't realize this. Take a look at this and then
• 9:29
  we'll come back to those points so that see if I can pull that
• 9:32
  up. OK, that's the gold to silver
• 9:34
  ratio, right, which this is inverse.
• 9:38
  So it's higher going down to lower the lower this number.
• 9:41
  That's the number of Oz of silver that it takes to buy one
• 9:44
  ounce of gold. As you can see, it had
• 9:46
  collapsed, but it shot back up. But it just shot back up to that
• 9:50
  level right, right there. It should drop back down.
• 9:54
  That's what he's saying. OK, That's the, that's the, the
• 9:57
  fancy technical analysis of that, of that silver on the
• 10:01
  brink of extinction. There have been no new silver
• 10:05
  discoveries on planet Earth. There are fewer than 33
• 10:08
  discoveries with a minimum of 25,000,000 ounces.
• 10:13
  Gold is much more common with over 150 discoveries, OK, in
• 10:17
  North America alone and north of 750 N of 750,000 oz.
• 10:22
  So there's 150 discoveries in North America with over 750,000
• 10:29
  oz. Meanwhile, silver is used to
• 10:32
  20,000 to one more than gold. I didn't realize that
• 10:35
  industrially. All right, this is what I really
• 10:37
  wanted to show you guys. Hold on because we don't, we
• 10:40
  don't, we don't talk about this, but once it's time to talk about
• 10:42
  Peru and Mexico, guys, Peru is a major silver producer.
• 10:47
  The Spanish, they always have been parts of Bolivia.
• 10:51
  Peru has traditionally been a major, major silver producer.
• 10:55
  And what we're seeing is the amount of here silver production
• 10:59
  down 43%. This comes from Bloomberg and
• 11:03
  Tavi Costa. OK.
• 11:05
  So we've got one of the biggest silver producers producing less
• 11:08
  silver means less supply. And meanwhile in Mexico, OK,
• 11:16
  Mexico silver production down 25%.
• 11:19
  So look, we talked about this once every 11.3 days, but we
• 11:24
  have to bring it back up because because it points to the fact
• 11:28
  that that the supply of silver is being constrained.
• 11:31
  First majestics all in sustaining costs for this
• 11:34
  particular mine is nearly the spot price.
• 11:37
  That's the other thing as well, right?
• 11:39
  There just aren't a lot of economic silver deposits out
• 11:42
  there. It's just the fact of the matter
• 11:44
  right now. Basement dwellers, Hey, thank
• 11:47
  you, all 200 of you. Sunday morning, right?
• 11:50
  We can say our prayers, whatever we want to do.
• 11:53
  It's going to be an interesting week next week, the big major
• 11:55
  news story. Hold on one second.
• 12:00
  Hello, Carl. Hello, Annie.
• 12:02
  Hello, Sean. Hello, Darren.
• 12:05
  I really appreciate all you guys being here.
• 12:07
  If you want me to say hi to you, I don't know.
• 12:10
  You can give a super chat. No, I would never do that.
• 12:12
  I would never bribe you to give me a super chat.
• 12:14
  But if you want me to say hi, I'll try to keep an eye out over
• 12:17
  there. But this week, the big, major
• 12:20
  news, big news it's going to come out will be Friday.
• 12:23
  The PCE, personal consumption expenditures, I think it's
• 12:27
  called. It's the inflation report that
• 12:30
  the Fed favors to look at. So that'll be the big, big news
• 12:33
  on Friday. Who knows where the silver and
• 12:36
  gold price. Good morning, Reverend
• 12:38
  Mcgillicuddy, Boston, MA good to see you.
• 12:41
  Hello, Carl. All right, guys, The basement
• 12:44
  dwellers in the house. You guys are in the basement
• 12:46
  with me. How you like it down here?
• 12:48
  It's kind of comfortable today. I'll tell you what.
• 12:52
  But that'll be the big news. Who knows where the silver price
• 12:55
  and gold price will be Friday. What do you think?
• 12:58
  Tell me, you know what, why don't we do silver?
• 13:01
  Tell me in the in the in, in, in the comments, type a number.
• 13:05
  What what do you think? The silver price?
• 13:07
  And you can give a range. You can say whatever you want.
• 13:09
  But Dakota Daisy says, are you guys getting that feeling that
• 13:13
  silver's going to do something? I'm feeling it and it's going to
• 13:17
  soar. We like you, Dakota.
• 13:19
  Welcome to the basement. We like your outlook.
• 13:22
  Yeah, exactly. All right, guys, let's go over
• 13:25
  here to. Let's just take a quick look at
• 13:28
  the technical analysis, what they're saying.
• 13:30
  The FX empire, guys, silver price forecast.
• 13:34
  Silver continues to see volatile moves.
• 13:38
  Excuse me, this was from Friday. I forgot, I did forget.
• 13:43
  There we go. There we go guys, here we go.
• 13:45
  Silver price forecast. Silver continues to see volatile
• 13:48
  moves. The silver market has plunged
• 13:50
  during the course of the week as we are continuing to see a lot
• 13:53
  of volatility. At this point.
• 13:54
  Silver is shaky at the best of times and therefore you need to
• 13:59
  be cautious, but Dakota Daisy says otherwise.
• 14:02
  Let's just read this. I thought it really summed up
• 14:07
  what was going on. Silver Market Weekly Technical
• 14:09
  Analysis The silver market has been dreadful this week and now
• 14:13
  it looks like as we head into the weekend we are threatening
• 14:16
  the $28.50 level, which is an area that previously had been
• 14:24
  massive resistance. So a little bit of market memory
• 14:27
  more likely than not comes into the picture and a bounce is
• 14:30
  something that may happen. But if we were to break down
• 14:33
  below the $28.00 level, then it's likely that silver could go
• 14:37
  dropping down to the $26 level. Keep in mind that silver is
• 14:41
  highly sensitive and to the US dollar and interest rates as
• 14:45
  well as risk appetite. So I think this week's is a is
• 14:50
  kind of a crap shoot. You know, I'm always willing to
• 14:52
  go out there on a limb and tell you guys, hey, whoa, thank you
• 14:57
  Jim. Man, that's super nice of you.
• 15:00
  Thank you for that super chat. Super unexpected, but very
• 15:04
  appreciated. Thank you, thank you.
• 15:07
  Wow, here. Hold on here guys.
• 15:10
  He's had something good to say. Be encouraged.
• 15:15
  Everything happens in his time, not ours.
• 15:18
  Yeah, I try to remember that, right?
• 15:20
  Try not to understand, right? Let let let God or higher power
• 15:24
  do the understanding out there. So thank you, Jim, and thank you
• 15:26
  for those wise words. We do appreciate it.
• 15:30
  We got another, We got another, another one of the everybody and
• 15:34
  their brother now, right is telling us that hold on here is
• 15:39
  telling us that we're going to go to $2700 gold.
• 15:43
  I almost can't read these articles anymore, but we're just
• 15:45
  going to do a couple sentences out of this one from our friend
• 15:49
  Neil's over at Kitco. Now is not the time to be a gold
• 15:52
  bear. Prices will hit $2700 this
• 15:56
  quarter. TD Securities Bartmell.
• 15:58
  TD Securities is a big Canadian financial services company.
• 16:02
  What's important about that guys, is that when it comes to
• 16:06
  gold analysis, it's the Canadians.
• 16:11
  Hold on one second. It's the Canadians that know
• 16:19
  what they're doing, OK? They follow the precious metals.
• 16:24
  They not like in the United States.
• 16:26
  They barely pay attention to them in the United States.
• 16:29
  So sorry. I'm for those of you who just
• 16:32
  joined, then. I am.
• 16:33
  I've been very, very ill the last 24 hours, so I apologize.
• 16:36
  But here's what he says. Let's get right to it.
• 16:39
  Look at all that gold. I think we'll take it.
• 16:42
  Yeah, he said the concern is that the specs may not keep up
• 16:46
  their buying momentum and may also not continue growing ETF
• 16:50
  positions. Remember how important that is,
• 16:52
  guys? That's the missing link, right?
• 16:55
  That's the that's the component to the rally that has not been
• 16:58
  present yet. Western ETF buying, OK?
• 17:02
  Melek added that there are indications that selling
• 17:04
  pressure could continue in the next week as gold prices look to
• 17:08
  end Friday at a critical support level.
• 17:10
  All August gold futures last traded at $2399 an ounce, down
• 17:14
  more than 2% of the day and roughly 5% point 5% from last
• 17:19
  week. Although downside risk for gold
• 17:21
  are growing in the near term, Melek said that this is no time
• 17:24
  to be bearish on the precious metals.
• 17:27
  Technicals, US politics, monetary policy, geopolitics all
• 17:31
  suggest that a further sustained sharp sell off is not in the
• 17:35
  cards. Melek added that below 2400,
• 17:39
  that below $2400, he's watching support at 2389.
• 17:44
  All right, this is the last paragraph, but look at that last
• 17:49
  word in this paragraph. Once the market settles and we
• 17:51
  see confirmation that the economy is slowing sufficiently
• 17:54
  to justify aggressive Fed easing, it is likely that gold
• 17:57
  will test new record highs again.
• 18:00
  Higher levels are in the cards thereafter as institutional
• 18:03
  investors increase their appetite for ETFs, bullion and
• 18:08
  future returns, he said. As such, we continue to see gold
• 18:12
  reach a new quarterly record average of 2475 and a trading
• 18:18
  high of $2700. And that all fits in.
• 18:22
  Also, guys, with what is going on right now with the bricks,
• 18:26
  and let's talk about that briefly, but I just want to see
• 18:29
  here, where was that list? Darn it, there was a list.
• 18:34
  Hold on here. OK, OK, technicals, politics,
• 18:38
  OK, the technicals aren't in our favor.
• 18:40
  Politics are screwed up, monetary policy is a joke.
• 18:45
  That's the Fed and geopolitics are all screwed up.
• 18:48
  All suggests that the further sustained sharp sell off is not
• 18:51
  in the card. So let's talk about what he's
• 18:54
  talking about with these ETF buys.
• 18:57
  Here's what could happen. OK, here's here's how this could
• 19:00
  all play out. In October.
• 19:02
  There's a big brick summit in Russia.
• 19:05
  OK, massive. They're doing hundreds of
• 19:07
  meetings leading up to I think it's October 22nd and 23rd.
• 19:11
  They're talking about rolling out this thing called the unit,
• 19:13
  which will be 40% backed by gold and then the 60% will be backed
• 19:18
  by BRICS currencies, which will also be to a certain degree
• 19:22
  backed by gold. This will not be a currency that
• 19:26
  the BRICS people, people living in the BRICS countries can use
• 19:29
  to do individual commerce. Transits will be a trade
• 19:33
  settlement currency, but it will be a big, big deal.
• 19:37
  And what I'm hearing a lot of people say is that if this hits
• 19:40
  the wires, a lot of the big institutional investors, right,
• 19:44
  the big institutional investors are going to say what is going
• 19:47
  on with gold? We need to get some gold.
• 19:50
  And we could see a new wave of investors coming into the gold
• 19:55
  market. So we're going to keep a close
• 19:57
  eye on that. All right, guys, I'm going to
• 19:59
  sign off right now. Like I said, I have not been
• 20:01
  feeling well. I may be pulling back a little
• 20:05
  bit from my posting schedule. I'll be honest with you, I love
• 20:08
  doing this. I've loved doing it for the last
• 20:10
  2 1/2 years, but I've really gone going through a period of
• 20:15
  burnout and I love you guys, right?
• 20:18
  I mean, this has been so awesome.
• 20:19
  And I kept, as the channel grew, I kept working harder and harder
• 20:23
  and harder and quite honestly wanted to see more and more
• 20:27
  views, more and more views. And things have kind of
• 20:30
  stagnated a little bit lately, which has happened before, but
• 20:33
  it's all kind of coming together at a time where I'm feeling
• 20:39
  really burnt out. I'm just being honest with you,
• 20:41
  OK? I love you.
• 20:43
  I love silver and gold. That hasn't changed one bit
• 20:47
  whatsoever. But the YouTube thing can be
• 20:50
  very, very draining. And I've been, since February of
• 20:53
  2022, I've been putting out at least one piece of content.
• 20:57
  Today, there was a while where I was putting out one or two
• 21:00
  pieces of content. And honestly, I don't know how
• 21:04
  much longer I can keep it up, but we'll see, right?
• 21:07
  But I don't want to quit. I'll tell you something about me
• 21:10
  that I've learned over the years.
• 21:13
  This channel is awesome and it's been so great and so much fun to
• 21:17
  learn to meet all these wonderful people.
• 21:20
  But I'll tell you something about me that I've learned.
• 21:22
  I'm 54 now. I've owned other businesses in
• 21:25
  the past. And sometimes when things will
• 21:27
  get tough and I'll just be honest with you right now,
• 21:30
  things are kind of tough for me. You know, I'm sorry, I don't
• 21:34
  know if I'm depressed. I don't know if I'm burnt out.
• 21:36
  I don't know what it is, but it just is what it is nonetheless.
• 21:38
  And I'm not going to harp on it and not asking for sympathy, OK.
• 21:42
  And I don't want to focus on it, but but in the past, I would
• 21:45
  always just quit, you know, I'd be like, screw it, I'm done, you
• 21:49
  know, And it still comes into my mind like, oh, this is too
• 21:51
  stressful and you should you're 54.
• 21:53
  You should just. And I don't want to do that.
• 21:55
  And I don't plan on doing that. OK.
• 21:58
  But I do want to be transparent and honest with you guys.
• 22:00
  If you notice that I'm and I think physically it's caught up
• 22:05
  with me. That's the other thing, you
• 22:07
  know, I know, I understand completely.
• 22:10
  If you look at Youtubers and think, oh, they're just having
• 22:12
  fun. They're, you know, they, they
• 22:14
  turn their camera on and make money, right?
• 22:17
  Yeah, I mean, I understand that's, you know, I'm not too
• 22:19
  bright here. OK, So that, that's probably why
• 22:21
  I got into making a YouTube channel because I thought, oh,
• 22:24
  look at that. I can, I can sit in my basement,
• 22:26
  make videos and have fun. And it is fun, no doubt about
• 22:30
  it. But as it grows and you get
• 22:32
  sponsors, and I love my sponsors, all of them.
• 22:35
  Oh my gosh, I almost forgot to say thank you to Pinbacks.
• 22:38
  Those guys have been great. The brothers that run Pinbacks
• 22:40
  are like awesome people. Do you want to get your hands on
• 22:43
  some gold, silver or platinum? I can tell you that, like, you
• 22:46
  know, from the bottom of my heart, I think Pinbacks is a
• 22:49
  great, great company. Check out Pinbacks.
• 22:52
  OK, never tell you what to do, but check them out first.
• 22:55
  Mining gold. I know the CEO Dan Wilton,
• 22:58
  Fortuna Mining. I know the CEO Jorge, I know the
• 23:01
  director of investor relations, Carlos Baca.
• 23:04
  I mean, really wonderful guys, but man, I'm a, I'm a solo
• 23:08
  preneur, I guess they call it. And I've really gotten kind of
• 23:13
  worn down and part of it could be right.
• 23:15
  Everybody says, well, don't post so much, don't post so much.
• 23:19
  And but then I'm like, well, then my views will go down and
• 23:22
  our revenue will go down. And I don't know, it's very
• 23:24
  confusing, right? Because what happens on YouTube,
• 23:27
  then I'll shut up as you start to do well and you want to keep
• 23:29
  doing better, right? I want to provide for my family.
• 23:32
  I want to provide. So anyway, I just wanted to be
• 23:34
  honest with you guys. Thank you is what I want to say,
• 23:38
  because really, you know, I need to be maybe take a step back and
• 23:43
  realize that I'm getting to sit in my basement, connect with
• 23:46
  people like you talk about what something that we really love,
• 23:50
  which is silver and gold, right? I mean, but man, I'm a worry
• 23:56
  wart. I'll I'll give you a little
• 23:57
  more. I'm a worry wart, OK, I don't
• 23:59
  know people. And this is the other thing
• 24:01
  people will and I appreciate this.
• 24:03
  I appreciate these comments. People say, man, Ron, I really
• 24:06
  appreciate how positive you are and how upbeat you are.
• 24:09
  And, and I'm like, really? Because like, I just want you
• 24:14
  guys to know. And I guess it's important for
• 24:16
  me. Yeah, I want to be positive and
• 24:17
  upbeat, right? I don't want to be a Debbie
• 24:19
  Downer, but that's not the way I am all the time.
• 24:24
  OK, If you struggle, right? I struggle.
• 24:27
  I just want you to know that we all do.
• 24:29
  Don't, don't look at this 30 minute segment of me in my
• 24:33
  basement with my stuffed bears and think, man, that guy's got
• 24:36
  it made. He's just happy all the time.
• 24:38
  He's excited. He's optimistic.
• 24:41
  You know, ironically and to a certain degree, I'm probably
• 24:45
  more of a warrior than you are. I'm a worry wart.
• 24:48
  I worry about Susie is a stay at home mom, OK?
• 24:53
  And so I worry about being able to provide for my family.
• 24:56
  I worry about my daughters who are 12 and like, how am I going
• 25:00
  to afford to put them in college, right?
• 25:02
  And then I think about this channel.
• 25:03
  I'm like, well, I got to keep it going.
• 25:04
  I got to keep it growing and and all becomes sometimes a little
• 25:08
  too much. Boy, thank you for listening to
• 25:10
  me, guys. You didn't you didn't sign up
• 25:12
  for this. OK, But I just want to give you
• 25:14
  an update on what's going on. I want to be transparent and
• 25:17
  honest with you guys because it's important.
• 25:21
  And you know, I don't do it very often.
• 25:22
  It's probably been a long time since the last time I kind of
• 25:25
  just spilled my guts during a live stream.
• 25:29
  But that's what's going on, you know, right now.
• 25:31
  And it happens to a lot of people that do what I do right?
• 25:35
  And I don't want to focus on that and say, well, I happen to
• 25:37
  get barked out because, you know, it's, it's just something
• 25:41
  that's going on. I want you to know about it, but
• 25:43
  I really want you to know that I say thank you, OK, for
• 25:48
  everything you guys have all done for me.
• 25:49
  It's been awesome. I don't.
• 25:51
  I'm not quitting. I won't quit, right?
• 25:53
  Like I said, you know, that's the old Ron from 20 years ago.
• 25:58
  I can maybe make some adjustments and move on, see how
• 26:02
  it goes. All right, I hope you are doing
• 26:05
  good. I hope you're having a great
• 26:06
  day. You know, if you're struggling,
• 26:11
  know that you're not alone. Heck, we all struggle one level
• 26:14
  or another. So you know, know that you're
• 26:17
  not alone and know that you're always welcome here in the
• 26:20
  basement. OK, have a great day.
• 26:22
  Thank you for listening and I will see you soon.
• 26:25
  Try to be nice to yourself.