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⚠️ Don't MISS This! ⚠️ - Silver Price and Gold's SHOCKING News UPDATE (Precious Metals) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:01
We are living through an unbelievable time for precious
0:04
metals. The silver price and gold price
0:07
are behaving like we could have only dreamed about.
0:10
But in this video, we're going to talk about some incredible
0:13
developments that are occurring right now that might make this
0:16
move even more astounding in the silver market and the gold
0:21
market. And will it continue?
0:24
I think there's big evidence that I want to share with you
0:26
that it indeed very likely will continue.
0:29
Now, nobody has a crystal ball. I'm not a financial advisor.
0:33
Don't make any financial decisions based on what I say.
0:35
However, I can't tell you one thing for sure.
0:39
I'm really happy that you decided to join me down here in
0:41
the basement. You are the most important part
0:44
of this channel. Without you, it's just a cold,
0:47
lonely basement. So please subscribe to the
0:49
channel, give the video a thumbs up, share it with your grandma,
0:52
your grandchildren, your neighbors, whoever.
0:54
Let's get the word out more and more about what is happening
0:58
within the silver and gold market.
0:59
And it is just crazy. Buckle up butter cups.
1:02
We got a lot to talk about, a lot of evidence and a lot of
1:05
reasons that we can be optimistic.
1:07
Let's get rolling right now. I want to start with this.
1:11
I thought this was one of the best visuals that we can have
1:14
about what is going on in the silver market.
1:17
Then we're going to talk about shortages.
1:18
Then we're going to talk about all kinds of crazy stuff, but
1:21
this is it. I've never seen it this way.
1:23
Silver market balance. Key takeaways from the 2025
1:28
World Silver Survey in this chart.
1:31
I just love it. Silver market balance.
1:33
All right? What this is showing us is the
1:36
deficit that we have in silver. As you you can see, these are
1:40
the years 2016, 2019-2020, two, 2025.
1:48
In this period between 2016 and 2020, we had a silver surplus.
1:54
And I like the way that's above the grass.
1:56
But guys, for the last five years we've had this massive
2:00
deficit, which is now they're saying is close to 800 million
2:05
oz. The other big key thing that we
2:08
want to remember on this chart is this right here.
2:12
If we look at 2016, that was peak silver.
2:16
That was the most silver in that year that was ever created by or
2:22
the most since then that's ever been created by the silver
2:25
mining industry. Since then, the amount of silver
2:29
coming out of the silver mining industry has been going down,
2:33
down, down. On top of that, we're not going
2:35
to talk about it, but we could talk for hours about the growing
2:39
demand for silver, everything else going on.
2:42
Now, let's shift gears. Let's shift gears and talk about
2:46
this prospect. And there's a reason why this is
2:48
so important that the on the retail side, we are starting to
2:52
see very big signs of a developing potential shortage
2:57
for retail silver. I hope you've got your silver
3:00
already because we could very soon be going into the local
3:03
coin shop and looking at empty cases, right?
3:06
No silver. You gotta wait four weeks, 8
3:08
weeks, whatever. Let's dig in.
3:10
And it's not just in the United States.
3:12
This is happening everywhere in the world.
3:16
And the reason why that's important to remember is because
3:19
silver is not a United States only market.
3:22
Silver is a worldwide market, valuable everywhere.
3:26
But let's dig in and look at some of these crazy stories
3:29
coming out about potential for potential.
3:35
I don't have a speculation but that we could have a silver
3:39
shortage. This came from the Idaho Outlaw
3:42
Silver Monster. Boxes are all sold out on
3:45
Monument Metals here in the States.
3:47
This was from a few days ago. Got a lot of information coming
3:50
in over the last two days. This is not a drill.
3:53
Silver is on its way to unobtainium this month.
3:56
So then I went out to, let's switch over to JM Bullion, a
4:02
massive bullion dealer. I thought, I wonder if they have
4:04
silver. Oh yeah, they do, right.
4:07
They have Silver Monster boxes right here, 2025 box of 500
4:12
coins, almost $28,000. So they have American Silver
4:18
Eagles available if you're willing to pay $56 per oz, if my
4:25
mathematics are correct, which I know they are.
4:27
So. And I went out to some other
4:29
online bullion dealers. Yeah, there are some out there
4:32
that have that have American Silver Eagles, for instance, in
4:37
stock. But I'm seeing prices even from
4:39
the lowest priced ones, the ones that have the reputation for
4:42
always having the best prices, they're selling them for around
4:46
$54 per coin. That means premiums are going
4:49
up, and premiums going up is the number one way to measure retail
4:54
demand. Now, remember, retail demand for
4:57
silver in the United States had been pathetic to say the least,
5:01
investor demand on the retail side.
5:03
So it's not, it's not going to take a lot for that, for that,
5:08
for the number of Oz being demanded by retail to go up and
5:12
have a massive impact on the overall demand profile for
5:16
silver. But there's so much.
5:18
OK, let's go over to Holland because this is worldwide and
5:25
here we go. Make sure I got the right screen
5:28
up, which I do. This came from make go great.
5:30
Again. Silver shortages in Holland.
5:33
No bars, no Maple Leafs, Kruger and Philharmonic errs,
5:36
Kangaroos, American Silver Eagle, Eagles.
5:39
At least the chocolate and cheese is safe in Holland.
5:42
OK, now if we go to the silver Academy, they really put a list
5:46
together. Silver sold out in Holland,
5:49
United Kingdom, Royal Canadian Mint, South Africa, India,
5:56
Vietnam and the USA everywhere you go guys and I mean and we
6:01
know gold as well in China. What is this telling us?
6:04
Look at all this, right? No Eagles monument medals,
6:08
there's that we're going to talk about that later.
6:10
Vietnam, right? There's people in Vietnam,
6:12
they're like there's always silver.
6:13
There is none. This is gold.
6:16
Go UKA waiting stock, awaiting stock.
6:19
That's what I saw when I went out and looked OK, in Holland,
6:23
we just covered that. So something else very important
6:27
to remember about all this. In the United States, we're
6:30
spoiled. We don't pay what's called the
6:32
value added tax in a lot of those countries, in particular
6:35
in Europe, they'll pay another big whopping tax.
6:39
I don't know, sometimes like 5 or $10 per oz on top of what
6:43
they're paying just to get their silver.
6:46
So this is big news. There's so much going on.
6:49
It's absolutely crazy. Now we got to go to China.
6:52
OK, let's go take a look. I won't.
6:54
I won't won't keep you in suspense any longer.
6:56
But then we got to go to some very interesting news we could
7:00
be in. There's a big reason why we want
7:03
to look at what's going on in China tomorrow.
7:05
We're going to talk about that in one second.
7:07
But while we're here, let's go out and take a look at the
7:10
prices and see what's going on in the silk.
7:13
What? That can't be right.
7:16
That can't be right. Hold on a second, here we are at
7:19
CNBC looking at the December wow up a dollar per oz on in silver
7:28
for the December futures contract.
7:30
Now let's go take a look at the spot price on Kitco.
7:37
All right, am I sharing this? Yes, I am, and I've got the
7:42
world spot price circled. What up $1.30 per oz, $49 per oz
7:49
spot price. The spot price is now higher
7:53
than the futures price, which also means that we're in
7:56
backwardization. That's a big deal because
8:00
typically the futures price is higher than the spot price.
8:03
What that tells us is that people are getting very nervous
8:06
about their ability to get their hands on physical silver when
8:10
the silver market is in backwardization like it is right
8:13
now. Before I forget, then we're
8:15
going to go to China. We're going to look at why.
8:17
Also very important for us to look at why we could be very
8:21
early still in this rally for gold and silver.
8:24
The naysayers are saying, oh, gold and silver and it could,
8:27
right? Silver price could go down.
8:29
But I've got some evidence, but then I want to share with you
8:31
that indicates we may still be very early before we do that
8:34
before we go to China. Let's go here.
8:37
Not does that look familiar? That is a 5 oz silver bar
8:41
perfect size, perfect with its robust it's from.
8:45
Do you see where that's from on there?
8:47
Look at that logo and then look here right over my right
8:51
shoulder at that logo, First Mint.
8:54
First Mint sponsors my gold and silver content.
8:57
I'm here because of them, because of their support.
9:00
But what's even better is how they're treating our community,
9:03
the basement dweller community. You guys are just giving us
9:06
great feedback about your experiences with First Mint.
9:09
And 1st Mint is very unique because they are owned by First
9:13
Majestic Silver, Keith Neumeyer's massive silver mining
9:16
company. They mine the silver in Mexico,
9:20
ship it to Las Vegas, NV where First Mint is located, and there
9:25
it is transformed into really cool silver bullion products.
9:29
And guess where it goes from there?
9:31
Can you guess it goes from mine to the mint to you?
9:37
No COMEX, no LBMA, no paper silver, no manipulation.
9:41
Direct right? The freshest silver around, from
9:44
the mine to the mint to you. You can learn more about them at
9:47
first mint.com. Let's pull up their website just
9:50
so you know exactly where to go. This is exactly where you want
9:54
to go first. mint.com. There's their Las Vegas round.
9:57
Absolutely beautiful. You're the snake, you're the
10:01
dragon and the Buffalo round with my favorite, that Indian
10:05
Head on the back. I love that Indian Head.
10:07
And they have bars. They got a lot more.
10:09
Hey, they got something really cool.
10:11
Look, if you go up here and you go to their store and you go to
10:14
Folds of Honor, you can read about their Folds of Honor
10:18
product line that helps support the children and spouses of
10:24
fallen and disabled members of the first responder and military
10:29
communities. They've raised right and they
10:32
got these cool products. There's the three products
10:34
there, including the 10 oz bar that I've shown you several
10:37
times here in the show. But they've raised over wow
10:41
$375,000 to help the Folds of Honor Foundation.
10:46
So check them out. Thank you first Men for
10:48
sponsoring. Thanks for helping us have our
10:51
our baby dweller community. And guys, let's talk about China
10:55
because you know, China, this this is important.
10:58
Tomorrow could be very, very interesting for old and silver,
11:03
OK, because this is going on and not a lot of people are talking
11:07
about this, but I think it's a reason why we really want to
11:09
watch what happens tomorrow. China's markets have been closed
11:15
and let's make sure we got that up, which we do.
11:18
This is from Reddit. China's markets have been closed
11:21
for a 10 day holiday period and reopened on October 9th.
11:25
In that time, silver has risen more than $2.00 and that may be
11:29
at this point closer to $3.00. I'm going to share this because
11:34
I got a great story for you when let me get through this.
11:37
Once China markets reopen in a couple days, it will be catch up
11:41
time for them. We might see a pretty decent
11:44
rally in silver and gold on Thursday and Friday when those
11:48
huge markets reopen. Meanwhile, our big banks are
11:52
massively short silver and have two days left to try try their
11:56
tampering down tricks. OK, last year at when one of the
12:00
big Chinese holidays like this ended, there was a mad rush for
12:05
people to go buy gold at that time.
12:07
Like there were like 800,000 people at 1:00 shopping mall.
12:10
So what happens tomorrow? We already know China's a major
12:13
player in precious metals, but their markets been closed for
12:16
over a week. What do you think might happen
12:19
could happen tomorrow? It's going to be crazy.
12:21
We're going to keep an eye on it.
12:23
On top of that, we got more news and I've been talking to a
12:27
number of people in the in the bullion arena, high level
12:31
people. There's definitely a wave of new
12:34
buyers coming in, but we get this from a very interesting
12:39
person. There's a reason why we're going
12:40
to listen to him, Josh Philip Fair, he says, and I'm we're
12:45
going to we're going to tell you who he is in one second, but he
12:47
says retail alert Wah, wah most. This is the most 7 and 8 figure
12:55
retail orders in a day that I can remember right now.
13:00
This was from Monday. But still premiums are rising
13:04
quickly. That only happens when retail
13:07
demand skyrockets. Secondary gold is starting to
13:11
dwindle silver as well. Who is this?
13:15
Who said that? Who is Josh Phillip Baker?
13:17
He's the founder and CEO of Scottsdale meant, right?
13:22
A massive precious metals meant. And he's telling us retail is
13:26
waking up. We got a lot going on.
13:29
Let's move over now and see what's going on in the paper
13:31
markets, right? This is happening over the last
13:34
few days. This is the SLVETF, which
13:39
supposedly is 100% backed by real silver, but SLV borrowing
13:45
fees exploded to 9.27. But that's been happening on and
13:49
off here over the last few days. That's when people want to
13:53
borrow the SLVETF shares to short them, right?
13:58
And you know what shorting means?
13:59
They borrow it. They sell it thinking they're
14:01
going to buy it back in the future.
14:03
There's none available, right? 9.2 I mean, look at this on the
14:06
chart. Over what you know, a long
14:09
period of time that is absolutely crazy.
14:13
There's so much insanity happening right now in the
14:18
sorry, we're having some tech issues.
14:20
Hopefully you guys can see me and hear me by the way, thank
14:23
you again for being here. Please subscribe to the channel.
14:26
It's free, but all these dislocations, the SLV borrowing
14:31
fees, what is that telling us? Hello.
14:34
You know, you don't have to be Albert Eisenhower to know what
14:36
that's telling us. Okay, what's going on with the
14:39
EFP, the exchange for physical between the LBMA and the COMEX?
14:44
We know, I mean it's just everywhere we look, we know that
14:47
the paper market has been trading more than 50% of the
14:51
whole annual output of the mining sector.
14:55
They've been trading that in one day.
14:57
It's crazy, guys. What is happening right now?
15:01
And now let's talk about we could it's maybe only the
15:07
beginning because look at this look at this great, we got a
15:11
great, great insights about what's going on with the big,
15:15
big money. We want to follow what with the
15:17
big money is doing with gold and silver, right?
15:20
This is going to be a little more focused on gold, but it
15:23
absolutely relates to silver as well from metals and miners.
15:27
The pervert, the proverbial wall of worry.
15:30
Why 39% of portfolio fund managers are about to fuel the
15:36
next phase of Goldmania. OK.
15:39
What this means is in financial markets, the most powerful bull
15:43
markets are born not from universal optimism like we
15:47
think. No, they're born from widespread
15:50
skepticism. That's called the wall of worry.
15:53
The portfolio managers still absent gold, are about to show
15:58
us again. And this is from Bank of
15:59
America, some data, a survey they put out from the big
16:03
institutional fund managers, OK. And they asked them which of the
16:07
following comes closest to your current goal position in your
16:12
portfolio? And as we can see clearly, OK,
16:18
those that said 0%, meaning they had 0% of their money, these are
16:23
the big money people in gold, 40%.
16:27
So 40% of the big institutional money managers are saying they
16:31
have 0% of their money in gold. That means, right, quite simply,
16:36
guys. And then the numbers down here
16:38
aren't much better like for small allocations that we could
16:42
have a massive way because we know, right, Morgan Stanley,
16:46
what they said now they're recommending 20%.
16:49
Even Bank of America, one of their analysts said 25% into
16:53
gold in green. The phenomenon known as the wall
16:56
of worry describes the markets tendency to climb higher despite
17:00
a constant barrage of negative news and prevailing pessimism
17:05
amongst investors. That means when everybody's
17:07
saying, and This is why we wanted this, there's a reason
17:10
why we're, we're talking about this because a lot of people are
17:13
saying, oh, gold and silver are going to go down and they could
17:15
go down, but they could also go much, much higher from here,
17:18
which I personally believe will be the case.
17:21
OK. But the wall of worry, the
17:23
pessimism is actually a good thing, right?
17:27
You know who's telling us that those are the, those are the
17:29
sheeple, the sheeple that are out there today.
17:33
We are witnessing A textbook example of this dynamic in the
17:36
gold market, which also applies to silver because the yellow
17:40
metal sits at record high, just eclipsing 4000A stunning 40%.
17:45
Institutional fund managers still have 0 exposure to gold,
17:49
according to the latest Bank of America Global Fund Manager
17:53
survey. And many retail investors
17:56
believe a fall at this level is inevitable, which only points us
18:01
in the right direction. Let's talk about the psychology
18:05
behind what's going on. And again, this chart really,
18:09
really shows us that we've got the potential for some more
18:13
great times ahead, again, from metals and miners.
18:16
Why precious metals are about to enter their most explosive phase
18:23
and for most of us since we've been alive right but anyway
18:26
markets don't move in straight lines.
18:28
They move in predictable psychological cycles that have
18:32
played out over and over throughout all of history.
18:36
This chart is awesome and this chart makes all of us smile
18:42
because guys, what it's showing us right is the, is the cycle
18:46
that that anything goes through. And we're we're obviously
18:50
focused on gold and silver right now.
18:52
But as you can see during the early phase, the smart money
18:56
right that's down here, the stealth phase gets in.
18:59
Hopefully that was you. Then you start to get the
19:02
institutional investors, which I think we are just starting to
19:05
get that's the awareness phase. And then when right here, right,
19:10
that's the public, what do we call the public?
19:12
We call those as a term of endearment.
19:18
We, we, we refer to our neighbors who don't know
19:21
anything about precious metals as the sheeple.
19:25
OK, when the sheeple show up, there's a mania phase and a blow
19:29
off phase. We are nowhere near that yet.
19:32
I actually did. This is where they say we are
19:34
right now kind of in this media attention phase.
19:38
But as you can see, that's early, right?
19:41
I think we're more even a little bit further to the left.
19:44
We may have a drawdown, but once the media catches on, then we
19:48
get enthusiasm, greed, delusion, new paradigm, right when they
19:54
start, when they start talking about a new paradigm for the
19:59
silver price and gold price. We know what that means.
20:02
But essentially what this is showing us.
20:05
Let me see if I can get yellow to show up on the screen for you
20:08
guys. Bear with me.
20:09
We're having some tech issues this morning.
20:12
We still have this this part of the phase.
20:15
Hopefully you can see that to go, OK, I believe we are
20:19
absolutely early. There's no doubt about it.
20:22
Somebody else, you know what a guy who I believe is one of the
20:25
smartest top analyst right now in the silver and gold
20:30
community, somebody who's been following silver and gold for a
20:34
long time and like us, right has been a believer for a long time.
20:38
Reiterate reiterated his stance on silver.
20:41
This is Jesse Colombo from the bubble bubble report.
20:45
I've got a lot of respect for Jesse.
20:47
He's got a sub stack again called the Bubble Bubble Report.
20:50
And there's Jesse right there. He put out this article and,
20:55
and, and this is on the free portion.
20:57
Is Silver's rally about to end in a crash?
21:01
People are thinking right, we're back in 1980, 2011.
21:05
He says no, I say no. I've got just one part here
21:09
highlighted for you. Sorry, the computer's acting up.
21:13
There's the old cup and handle. All right, all right, here we
21:18
go. What did Jesse say?
21:20
He has said that I found that many of the loudest crash
21:23
warnings right are coming from analyst.
21:26
Analyst and investors who did not foresee Silver's big surge
21:30
the way I did. They missed the rally on the way
21:34
up and are now dismissing it. To me, it sounds like sour
21:38
grapes more than anything. As for my outlook, I am not
21:43
expecting a crash. On the contrary, I believe
21:47
silver is finally going to smash through the $50 ceiling and
21:51
climb to new record highs. 6070 even $100 per oz and eventually
21:58
ever even higher. Hey Jesse, you're a friend of
22:01
the basement. You're a friend of the basement
22:03
dwellers. We agree with you 100% guys.
22:05
The reason why we know that we can go that high is that this
22:09
rally, right, you always hear that all people always say this
22:12
time is different, This time really is different.
22:16
The rally that we've had in silver has been slow,
22:19
consistent, right, with ups and downs, consolidation.
22:23
What that means is the people who didn't believe in the long
22:27
term, that didn't believe silver could get to 50 or 40 or even
22:31
$30 per oz, they sold out and they were replaced by people who
22:37
got in the lifeboat, the silver and gold lifeboat boat with us
22:41
that know the real, real opportunity that we have, know
22:45
the real situation. Things really are different from
22:48
a basic supply perspective, like we looked at earlier, there's
22:52
less silver available day by day by day from a demand
22:58
perspective, right? You know, skyrocketing demand
23:01
for silver now, even on a retail side, right?
23:05
Industry. And the hidden gem that nobody's
23:09
talking about that I think is going to be what everybody's
23:12
talking about a year from now, two years from now, is jewelry,
23:16
which already consumes one out of five of every silver oz
23:19
that's provided every single year.
23:21
This time is different. China's different than 2011.
23:26
In 1980, I don't even know if China.
23:28
I mean, China was tiny in 1980. China was much smaller in 2011.
23:33
India, the whole geopolitical situation, national nationalism
23:37
going on, Things really are different this time, of course,
23:41
right? Some things are the same and I
23:43
could be dead wrong. But you know, when I think of a
23:46
silver price that starts with the number three, I don't think
23:51
we're ever going to see 30s again.
23:52
We're not going to see $3938 silver.
23:55
I think the next time we see a silver price with the number
23:59
three, it could be 300. And don't dismiss it.
24:03
I look, there's a reason why that can happen, OK, Think about
24:08
Bitcoin. It went from $10 to $126,000.
24:12
I was talking with the CEO of a silver mining company the other
24:16
day. Like, people don't realize the
24:18
price of silver can go to 100, can go to 200, can go to 300,
24:22
can go, I've said all along, can go to Infinity.
24:25
If you're going to use the US dollar as the unit of measure.
24:29
Because the situation that our government's put us in with this
24:32
debt and everything else, I mean, the dollar in real value
24:35
or nominal value is are both going into the tubes.
24:39
I don't like it. I didn't 'cause it.
24:41
You didn't 'cause it, right? But it's just the reality of the
24:43
situation. I agree with our friend Jesse
24:46
Colombo. The outlook for silver and gold
24:51
remain very, very good. Speaking of gold, I want to say
24:54
thank you to my other great channel sponsor, First Mining
24:57
Gold. First Mining Gold was actually
24:59
founded by Keith Neumeyer, right?
25:01
The current CEO also of First Majestic Silver, but Keith
25:05
Neumeyer founded First Mining Gold, put together a great
25:10
portfolio of gold projects. Currently now the company is
25:14
sitting on 2 of the largest development stage projects in
25:18
Canada, right, millions of Oz of gold in the ground that are in
25:22
the development process. And thank you, Susie.
25:27
I lost my trainer. OK, thank you, Susie.
25:32
Two of the largest development stage projects.
25:35
That's my wife. For those of you who are new.
25:38
That's upstairs, Susie. OK.
25:40
She communicates via walkie-talkie.
25:42
Thank you for all the likes. I'll get back to that one
25:44
second. Gold in the ground in Canada,
25:48
Spring pole in Ontario, Du parquet in Quebec.
25:51
The big silver miners are making tons of money.
25:55
They need to replenish their pipelines.
25:57
OK, First Mining Gold has massive projects in Canada, a
26:03
great jurisdiction. I think that is these big
26:05
companies move forward and start to think about where they're
26:08
going to get their future gold from and their future growth
26:12
profile from the companies like First Mining Gold could become
26:16
very, very attractive to them. I'm not a stockbroker, I'm not a
26:20
financial advisor. Do your own due diligence.
26:22
But if you want to learn more about First Mining Gold, go to
26:24
firstmininggold.com or something very unique about First Mining
26:28
Gold. You can actually talk to a
26:30
person there. You can e-mail
26:32
paul.morristheirdirectorofinvestorrelationspaul@firstmininggold.com and I guarantee you he will get
26:39
back to you. OK, where were we?
26:40
Oh, thank you everyone for the thumbs up.
26:42
I'm going to check in with Susie in a second.
26:44
Thank you, Susie, for the update.
26:46
But guys, there's so much more going on.
26:49
Oh my God. OK, the just some quick proof,
26:53
and there's a reason why this is important, that the mainstream
26:55
media is picking up on the precious metal story very early,
27:01
very early, but it's happening. This one's fun.
27:04
It's going to give us a giggle, but it's also something quite
27:07
powerful as well. Let's pull this up.
27:12
Texas allows precious metals for everyday purchases.
27:16
There's a wave of states in the United States, a tidal wave of
27:20
states that are, that are, that are passing legal tender
27:24
legislation, including Texas, right?
27:27
This is from mainstream media. We'll come back to this real
27:30
quickly. Here's how it'll work under
27:32
House Bill One O 5-6, written by state Rep Mark Dorazio from San
27:37
Antonio. People will be able to deposit
27:39
gold or silver into the Texas Bullion Depository, basically a
27:45
state-run vault. Then they'll get a debit card
27:49
that automatically turns the value of that gold or silver
27:53
into regular dollars when they buy something.
27:55
Gold and silver used for everyday purchases.
27:59
It's happening across the country more and more states
28:02
that are, are implementing different versions of legal
28:06
tender legislation. But so that's important, right?
28:09
That creates more demand for gold and silver.
28:12
But on top of that, this came from mainstream media.
28:15
And not just any mainstream media this came from, if I can
28:19
highlight it, I can. Classic rock Q1O7 when we've got
28:26
classic rock, excuse me, man, there's a lot to cover.
28:32
There's a lot going on. But we've got a classic rock
28:34
station, right? Talking about the classic rock,
28:37
gold and silver, we know we're in for some good times, but
28:40
let's go from classic rock one O 7 the Bloomberg, because now
28:46
even Bloomberg, this is great. You know AI is the hottest thing
28:49
going right? Hold on.
28:51
Let me look at you. Hold on one second.
28:54
Are you still there, huh? You gold and silver lover you,
28:57
you basement dweller. Thanks for being here again.
29:00
All right, but but when even Bloomberg starts to talk about
29:04
what's the hottest thing out there in the stock market,
29:08
artificial intelligence, AIAI, even the CE OS of the AI
29:13
companies are saying they're in a bubble.
29:15
OK, so when Bloomberg says something about about gold in
29:20
references and compares it to AI, we're going to perk up and
29:24
we're going to pay attention. Here we go.
29:28
Bloomberg screenshot. I took markets, gold, stocks,
29:33
trouts, AI LED chip rally with 135% gain in 2025.
29:41
Again, look there at the very top, Bloomberg.
29:44
OK, let's see if we can get any anything out of this before they
29:47
shut me down. Yeah, OK.
29:49
Gold is soared more than 45% this year, basically telling us
29:53
that gold is beating AI. It's a big deal.
29:58
Last thing important thing I want to talk to you about is a
30:02
guy from the Federal Reserve who taught us something critical.
30:06
And it has everything to do with what's going on right now in the
30:09
precious metals markets. But let's check in with Susie
30:12
and see where we are on thumbs up.
30:13
Hey, give this a thumbs up. I never asked for that.
30:16
You know, it's free to subscribe.
30:18
OK, We got 1000 people in here. It's free anyway.
30:24
Give it a thumbs up. It looks like that.
30:26
That helps get the word out. That's why we want to say that.
30:28
Susie, could you please give us an update on the number of
30:32
thumbs up that we have, 242, That's a record.
30:40
Good job, basement dwellers. You know what that means?
30:43
Our good friend Joe brought the spell by, yes, I know, a big
30:49
special treat. We ring the bell.
30:51
Let's get back to something serious.
30:54
There was a guy who worked for the Federal Reserve named John
30:56
Exter. OK, He just died recent.
30:59
Well, not recently, 2006, but he was a a Federal Reserve.
31:03
Yeah. This this Federal Reserve
31:07
currently held by that little cutie pie.
31:10
What? What's his name?
31:11
Jeremy. Jeremy Powell.
31:14
Anyway, John Exter guys, this we haven't talked about this.
31:19
This is critical for every one of us in the in the precious
31:23
metal sector to realize right what is happening right now,
31:27
what could happen when we talk about unbelievable potential for
31:31
the metals in the metals prices. Let's go out and look at extras
31:35
pyramid. Sorry about that.
31:42
I'm back. This is extras pyramid that
31:44
shows that all, all money, quote UN quote, rest on a, on a very,
31:50
very small base of gold. And I actually had to write
31:54
silver and silver down there at the bottom.
31:57
If we were to draw silver on this silver would be like this
32:01
little spot, this little red spot down here.
32:04
Everything else rest upon that. This guy John, extra work for
32:08
the United States Federal Reserve.
32:10
He said, he said in no uncertain terms, all paper money, all
32:15
government bonds, right, Treasury bills, what is that 38
32:19
trillion now corporate muni bond, securitized debt, non
32:23
monetary commodities, private business real estate
32:27
derivatives, which people say are like in the quadrillions.
32:30
All of that rest on this little bitty base.
32:33
This is what's called an inverted pyramid or an upside
32:36
down pyramid of gold and silver. What that tells us, and I've
32:40
done math, math on this before that if like 1%, see if I can
32:46
draw that for you, which I can. If 1% of this like at the top or
32:52
even any of these falls apart and, and flows back into gold
32:57
and silver, we're talking about the potential for price
33:02
increases like we have never seen before, OK, It's absolutely
33:06
crazy. There's so little there's like
33:08
what? What's the total market cap of,
33:10
of, of gold in the world right now?
33:12
Maybe 2730 trillion dollars, OK. And all the debt, all the money,
33:17
all this make believe stuff that all rest on that solid
33:21
foundation of gold and silver. So again, if we're going to use
33:25
the if we're going to use this right paper money make believe
33:29
it three OK, I'll do the gong before we're done.
33:35
If all that all that make believe paper debt derivatives,
33:41
if even just a tiny portion of it right starts to fall apart
33:45
and moves into the precious metals.
33:46
Katie bar the door. All right, you guys blew us away
33:49
this morning. Wow, this is like the biggest
33:52
live stream ever for the basement.
33:54
Thank you so much. And we're going to ring the
33:56
gong. Listen, it's precious metals
34:04
time. All right, guys, take care.
34:06
Thank you for being here. Be good to yourself.
34:08
Let's buckle up because we got some fun, fun days ahead.
34:12
Be good and I'll see you. Yes, you next time.
34:15
Thank you. Don't forget to subscribe.