Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / SILVER INVESTOR ✅ -Breaking Russian and Chinese Silver Price NEWS!... (BRICS News)

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SILVER INVESTOR ✅ -Breaking Russian and Chinese Silver Price NEWS!... (BRICS News) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  But when we hear about Russia, the Russian government buying
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  silver, the first time we've heard of a government or a
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  central bank buying silver in decades, silver is the best
• 0:13
  investment in the history of the universe.
• 0:17
  I'm going to give you a couple reasons, little talked about
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  reasons why we can be even more optimistic about the silver
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  price as we head into together the coming weeks, quarters,
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  years, even decades. But have you ever wondered if
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  you made a mistake buying silver, investing in silver?
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  Hey, look, it's normal to have some doubts.
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  I'm going to share with you a quick story out of my life, what
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  I experienced over the last several decades as I've stacked
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  silver. I remember distinctly, it was
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  about six years ago, I went to my local coin shop.
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  That was before I knew about pin backs.
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  I went to my local coin shop and bought a whole sack of junk
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  silver, 40%, what are they, 1965 half dollars.
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  They're 40% silver, 60% copper. I came home, I went to the
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  kitchen table. I sat them on the kitchen table,
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  and I just had that feeling of buyer's remorse, like, was this
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  a big mistake? Now, granted, that's when the
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  silver price was around 15 or $16.00 per oz.
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  It's nearly double that right now.
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  But at that time, I remember sitting there at the kitchen
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  table thinking, am I just a fool putting so much money into
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  silver? Well, you know how that worked
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  out so far. And I don't think we're ever
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  going to see $16.00 silver again.
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  Look, it's normal to be apprehensive.
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  But in this video, I want to talk with you about two factors
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  that I'm not hearing anyone talk about when it comes to the
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  silver market. We know the big underlying
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  reasons why we love silver. The reasons, right?
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  The fact that overall supply is diminishing while at the same
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  time from both industrial and a monetary perspective, the dual
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  role of silver, we're seeing increased demand.
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  Let's get into these two little talked about and newer reasons
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  right now. 1st, we have something even more important to
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  talk about and that's you. It's a big deal that you're here
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  in the basement with me. This is not possible without
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  your participation, without you being a basement dweller hanging
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  out here in the basement with us for a short while.
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  You're always welcome here. You're part of the club, you
• 2:47
  belong. Please come back, subscribe to
• 2:50
  the channel, turn on notifications, give this a
• 2:53
  thumbs up so more people can hear about what's really going
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  on in the world because don't forget, forget we call ourselves
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  basement dwellers because we like to dig a little deeper.
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  Now, what's happening in the world silver market outside of
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  the commonly talked about points that we've covered ad nauseam,
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  the big supply demand picture. First, we're going to talk about
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  a big news story out of Russia. Remember, Russia is kind of
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  leading the way as the world is bifurcating right now.
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  If there's any country in the world that standing up to the
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  United States of America, to the hegemony, to the world power, it
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  would be Russia. And when they announced
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  something about silver, we better perk up.
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  The Russian government announced that they proposed to keep
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  spending on precious metals 51.5 billion rubles in 2025 and that
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  they're going to start buying Palladium.
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  You might be asking Ron, I thought you were going to talk
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  about silver. Well, buried in this
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  announcement at the bottom very last paragraph, it says the plan
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  is to acquire refined gold, silver, platinum and Palladium
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  to increase the share of highly liquid assets in their state
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  funds. The explanatory note says why is
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  this a big deal? This is a huge deal because do
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  you remember any world government or any world central
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  bank announcing any time in the last number of decades that
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  they're actually going to buy silver?
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  It says it right here in black and orange that that's the case
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  with Russia and Russia is leading the charge in the world
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  to de dollarize through the bricks.
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  We know at the end of October 2024, there will be a massive
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  bricks meeting in Russia. The de dollarization efforts are
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  underway, while at the same time the move towards gold and silver
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  is also occurring in this announcement is a big deal.
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  But next, let's talk about a little hidden gem that we can
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  discuss regarding China. We know China is crazy about
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  gold. We also know they were importing
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  a lot of silver as well. But what about the Chinese
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  citizenry? They buy gold.
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  We have pictures of them, 800,000 of them lining up to buy
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  gold at shopping malls. But what about silver?
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  Is there a new piece of information from a reputable
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  source to give us great optimism about the 1.4 billion people in
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  China and silver? Citibank is giving you plenty of
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  reasons to be very happy about your decision to invest in
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  silver. Don't forget, this is a bank
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  with over 200,000 employees, a financial powerhouse, and #1
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  they've raised their estimate on the silver price, but that's not
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  what we're really excited about. We'll get to that in a second.
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  They said they're bullish on silver year end, 2000 year end
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  and mid 2025 targets of $35 and $38 to $40 respectively.
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  Now this is where it gets interesting because they say at
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  this juncture silver has unique exposure to both sides of the
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  bifurcated China economy. The energy transition, sure, we
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  know this already right? Basement dwellers, solar E BS
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  and more recently an increase in retail silver demand,
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  potentially as a store of value against the backdrop of a weak
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  local property market. They had a property bubble burst
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  in China, sluggish consumer sentiment, their economy is
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  slowing down and already high record gold prices.
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  City is telling us that what they are seeing, what they are
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  predicting is an increase in consumer demand for silver.
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  As an investor, why is this such a big deal?
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  What's the reason why we should be super excited about this?
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  I'll give you a 1.4 billion reasons why.
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  Is that enough? 1.4 billion people in China,
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  let's say half of them 700 million, decide to buy 1 1/2
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  ounces of silver. That's a billion oz.
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  That wipes out the whole entire world's production of silver in
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  one swoop. They could do it in one day.
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  There simply is not enough silver to go around for half or
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  even a third of the Chinese citizenry to protect themselves
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  like you've chosen to do. I've chosen to do by buying
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  physical silver. The same exact numbers apply to
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  India as well. And don't forget, India and
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  China are the IC. The IC and BRICS, BRICS, these
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  numbers are absolutely astounding. 2.8 billion people
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  combined between China and India.
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  We know Indians are moving towards silver.
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  We know the farmers in India have traditionally bought
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  silver. We know that they're having a
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  great harvest this year, that there's 100 million farm
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  families in India that invest in silver to protect their wealth
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  because they don't believe in paper rupees.
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  They have rupees, that's their currency.
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  We have dollars. They're already ahead of us.
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  They already understand. So when we get news from City
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  about China and about the citizens shifting right their
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  favor towards silver as a store of value, we better perk up.
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  There's already an unbelievable supportive story for silver.
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  You know all that, but when we hear about Russia, the Russian
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  government buying silver, the first time we've heard of a
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  government or a central bank buying silver in decades, and we
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  hear about the Chinese citizenry moving towards silver, we got a
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  lot to be excited about. Hey, if you're excited about
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  silver, gold, or platinum group metals, do yourself a favor and
• 9:41
  check out PMBEX before the Chinese citizenry gobbles up all
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  the world's silver. At PMBEX, you'll find great
• 9:49
  selection, a company you can trust, and prices that are tough
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  to beat. I've received overwhelmingly
• 9:56
  positive feedback from the basement dweller community about
• 10:00
  your experiences with Pembacs, so I'll never tell you what to
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  do. However, if you find yourself in
• 10:07
  the market for some silver, gold, or platinum group metals,
• 10:11
  please support channel sponsor Pembacs.
• 10:13
  Give them a shot. Do your own due diligence as
• 10:16
  well as channel sponsor First Mining Gold and Fortuna Mining.
• 10:21
  Those are both stocks that I own.
• 10:22
  I do not give financial advice. I'm not a financial advisor, but
• 10:27
  those are both companies that I believe in that I own
• 10:30
  personally, and they happen to sponsor Ron's basement.
• 10:33
  You can learn more about them at their company website links,
• 10:36
  which while I will include in the description field of this
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  video. Thank you for being here.
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  It's a big deal, OK? I love that we come together.
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  We love to talk about silver and gold.
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  Please come back. I'll look forward to seeing you
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  soon.