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​​⚠️ SILVER ALERT! - You Can EXPECT This! 🦍🦍 (Gold Price and Precious Metals NEWS Update) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  We are getting some unbelievable silver data from the Silver
• 0:05
  Institute from the Financial Times Silver squeeze.
• 0:09
  Yes, the Financial Times is saying the phrase.
• 0:13
  On top of that, we have, I'm seeing so many reasons why we
• 0:18
  can have gold and silver prices that are going to blow our minds
• 0:22
  and we have. Hard data to back it all up.
• 0:24
  And we're going to hear from the man himself, Mr. Jim Rickards,
• 0:28
  about why. He sees.
• 0:30
  A potential for $10,000 gold by the.
• 0:32
  End of the year, let's get started with the Silver
• 0:35
  Institute. We will dig into this.
• 0:37
  Deeper tomorrow, but from Kitco and our good friend Neil
• 0:41
  Christensen. The silver market faces.
• 0:44
  Another deficit in 2026? Well, surprise.
• 0:48
  Surprise, surprise. As volatility and investment
• 0:51
  demand shapes. Outlook.
• 0:53
  I'll give you a high level overview of what we.
• 0:56
  Learned and that is that we investors and silver.
• 0:59
  Should expect to see further volatility and potential
• 1:02
  liquidity. Issues squeeze in the silver.
• 1:06
  Market through the rest of the year.
• 1:08
  As the precious metal is. Expected to see another
• 1:11
  significant. Supply deficit, according to the
• 1:15
  Silver Institute's annual. Silver survey.
• 1:19
  I've got some. Quick notes, I want to run
• 1:21
  through on this. We'll dig into it deeper
• 1:22
  tomorrow. There is a lot of great
• 1:24
  information in the survey, but I'm touching base with some
• 1:27
  other top analyst in the precious metal sector and want
• 1:31
  to give you some more keen insights.
• 1:33
  But number one, we are. Having a silver deficit.
• 1:36
  In 2020. Six Yes, the world is.
• 1:39
  Consuming more silver than it is producing.
• 1:43
  They're saying that industrial usage is going down.
• 1:46
  We're going to dig more into that, but I'm not too concerned
• 1:49
  because when you. Think about solar electronics.
• 1:53
  The antimicrobial properties of silver when you think of the.
• 1:57
  The fact that silver is also the most.
• 1:59
  Thermally conductive, I'm not too worried about it.
• 2:02
  Investor demand should be going up.
• 2:04
  But don't forget guys as well and they talk about.
• 2:07
  This mine output. Of silver.
• 2:10
  It's all a. Big supply and demand,
• 2:12
  everything in the world. Always has and always will be
• 2:17
  ruled by. Supply and demand.
• 2:20
  Think about it. Yeah, you can.
• 2:21
  Do temporary a shell. Game, whatever you want to call
• 2:26
  it, Ponzi paper, COMEX, LBMA, right?
• 2:31
  But at the end of the day, supply and demand will rule
• 2:34
  everything, every market in the world.
• 2:36
  And we know that the amount of silver coming into the world
• 2:40
  from the mining sector. Is at best very, very flat.
• 2:45
  So we'll dig. Like I said, we'll.
• 2:46
  Dig more into that in a little bit.
• 2:48
  Let's go to the Financial Times. There's a reason why the
• 2:52
  Financial Times and the fact that they're using the.
• 2:55
  S word is. Very important the Financial
• 2:58
  Times is like the Wall Street Journal of London in London is I
• 3:03
  don't know, maybe I don't the financial.
• 3:05
  Capital of the world, Wait till you see.
• 3:08
  What the Financial Times Let's dig into what they're saying
• 3:11
  about silver, because it's getting very interesting.
• 3:15
  Rabbit, Rabbi Weimar Silver Baron.
• 3:18
  Said this quote quote OK. This is from the Financial
• 3:22
  Times. The global silver market is.
• 3:25
  Ripe for another squeeze now we don't talk anyhow.
• 3:29
  We don't need a squeeze, but a squeeze would.
• 3:31
  Be fun. Who doesn't?
• 3:33
  Like a little squeezy squeezy, right?
• 3:35
  But this isn't the. Financial Times that could send
• 3:38
  the price soaring as low stockpiles and six.
• 3:43
  Consecutive years of production shortage.
• 3:46
  Create the conditions for big. Moves.
• 3:49
  That's according to the authors of the new.
• 3:51
  Report. I guess they were.
• 3:53
  Referring and there's they're up hold on there get that up on
• 3:56
  full screen the Financial Times but.
• 3:59
  Wait, there's more. OK, precious metals.
• 4:01
  Hit by huge price volatility. Sixth straight deficit.
• 4:04
  That's from the World Silver Survey.
• 4:06
  But then. We get this.
• 4:08
  Here's a little. Screenshot from their article
• 4:12
  quote. The conditions are certainly.
• 4:13
  There. For another squeeze, said
• 4:16
  Phillip Newman, managing director of Metals Focus.
• 4:19
  We don't know how long it will. Last for but I don't.
• 4:23
  Think it's necessarily all behind us?
• 4:26
  Right. Basically.
• 4:27
  Talking about the incredible situation that we have in the
• 4:31
  silver market, including the potential first squeeze in
• 4:34
  October of last year, strong demand from India.
• 4:39
  As a result of its festive season triggered.
• 4:42
  In the London market and push prices to then.
• 4:46
  Record highs above $50 per. Oz Remember last October guys,
• 4:51
  when Silver hit 50? Dollars and it was like.
• 4:54
  You know, it was like the new. Age.
• 4:56
  It was the biggest. Thing going, let me remind you
• 4:59
  and we'll go out and. Look here in a little bit, but I
• 5:01
  think, I think last I checked and the supposed price of
• 5:05
  silver. In the West is about $7879.
• 5:09
  I mean, that's way higher. Than. 50 that we had just.
• 5:12
  Back in October. And by the way, in China, the
• 5:15
  physical silver price is much closer to 90.
• 5:18
  Dollars per oz Back to the article showing that.
• 5:23
  Screen. I know, I know, I know.
• 5:25
  Thank you. Upstairs, Susie That squeeze was
• 5:27
  caused in part by low available inventories in London.
• 5:31
  Vaults due to years of market deficits.
• 5:34
  Combined with strong buying by silver exchange traded funds
• 5:39
  which reduce the amount of metal.
• 5:40
  Freely available. So we've got the Financial Times
• 5:44
  guys. Hold on.
• 5:45
  Let me let's check in with. Upstairs, Susie, for those of
• 5:47
  you who are new, that's our our. Lovely and talented assistant,
• 5:51
  my wife who contacts me. Via walkie-talkie is everything.
• 5:55
  OK on the stream honey, I know we had.
• 5:56
  Some tech issues earlier. Can everyone see me and hear me?
• 6:00
  Clearly get over it. Also came to a super chat.
• 6:07
  Oh, I got a. Super chat.
• 6:08
  Awesome. OK, please remind me toward the
• 6:11
  end. OK guys.
• 6:13
  So that's the. Financial Times.
• 6:15
  That's the Wall Street Journal. They're talking.
• 6:18
  They have an. Article about a silver squeeze.
• 6:21
  Remember, we don't need. The squeeze The squeeze is fun.
• 6:24
  We like a little squeezy. Squeezy, huh?
• 6:26
  We reach out and squeeze me right now.
• 6:28
  I'll squeeze you but but. Nonetheless, when the major
• 6:33
  newspaper, London's Wall Street Journal's talking about it, it's
• 6:36
  a big deal and. Also they brought up.
• 6:39
  Did you? Notice they also brought.
• 6:41
  UP India, don't forget. We talk a lot about.
• 6:46
  China and we probably don't give India their due.
• 6:49
  India is a massive country, a massive economy and a massive
• 6:54
  demand source for silver. They've got almost 100 million
• 6:58
  people who are going to be entering the consumer class just
• 7:02
  in the next. Five years their.
• 7:04
  Economy is growing gangbusters. They're smart.
• 7:06
  They're talented. Oh, and by the way.
• 7:08
  They love gold. They have like 25,000 metric
• 7:11
  tons, more than three times what we supposedly have in Fort Knox.
• 7:15
  The Indians have that that much gold in their houses.
• 7:19
  But guess what? They also love silver, right?
• 7:23
  You talk to. Anybody.
• 7:24
  I talk to Indian people all the time.
• 7:26
  Silver is. Growing in popularity and that's
• 7:29
  just like from the investment perspective, right And now
• 7:32
  they're allowing silver to be monetized and that's.
• 7:36
  Especially a big. Benefit to their farming
• 7:38
  community. Right there.
• 7:39
  Banking. They redid their banking.
• 7:41
  Rules so that. You can bring silver.
• 7:43
  You can bring silver. To the bank in India and use it
• 7:47
  as collateral to get cash, isn't that.
• 7:50
  I mean to me, I don't know. What do you think?
• 7:52
  Doesn't that sound like monetization of silver?
• 7:55
  OK, we digress. We got a lot.
• 7:57
  More Oh this is fun. I don't even I got.
• 7:59
  We got a lot more to cover the comex.
• 8:01
  This is super. Interesting Rashad's.
• 8:04
  Back with US 56. $1000 per oz gold.
• 8:08
  I got numbers to prove it. And of course Jim records with
• 8:11
  $10,000 gold. Thank you Brixton Metals for
• 8:13
  sponsoring Ron's basement. They are a Canadian metal
• 8:17
  exploration company and here. Is their website.
• 8:21
  You can check them out at brixtonmetals.com.
• 8:24
  Also want to say thank you to 1st Mining.
• 8:26
  Gold Here is their website. They are a Canadian development
• 8:30
  stage gold company with two major projects in Canada, Spring
• 8:34
  Pole in Ontario and Dupar K located in Quebec.
• 8:38
  You can learn more about them at firstmininggold.com.
• 8:41
  Let's go out. This is new a new a new source
• 8:45
  of incredible information and shows.
• 8:47
  Us just how screwed up. Things are at the comex.
• 8:51
  Let me. Pull this up for you guys.
• 8:53
  It is located at a website called Gold Silver dot AI.
• 9:00
  Check this out comex silver inventory.
• 9:03
  This is the latest warehouse data all.
• 9:05
  Right, let me get my. Markers out over here, right?
• 9:08
  They got the data. On the registered silver.
• 9:11
  That's the amount of silver they can actually be used for
• 9:13
  delivery. Against futures contracts,
• 9:16
  they've got the. Eligible silver.
• 9:18
  That's the silver. That people own that they, but
• 9:20
  they it can't, it can't back up the futures contracts.
• 9:24
  All right, they have. The data.
• 9:26
  On the open interest, hold on here.
• 9:29
  That's right here. OK, but what's super
• 9:32
  interesting, can I move? This yes I.
• 9:34
  Can is this right here? Delivery coverage ratio. 13%
• 9:41
  that is and that's. That's they they they rate it
• 9:45
  right stress. See that right there?
• 9:47
  Massive. Stress.
• 9:49
  That's the percent. Of paper silver that could be
• 9:52
  delivered today, so of. All that open interest, right?
• 9:56
  Only 13% of all. Those people that have
• 10:00
  contracts. For silver, there's only 13% of
• 10:04
  that available in actual physical to.
• 10:08
  Back up the to back up the. To the paper market now this is
• 10:11
  interesting Comex stress index 72 high stress it says inventory
• 10:17
  depletion estimate about 792 trading days if recent
• 10:21
  withdrawal pays continues OK all kinds.
• 10:25
  Delivery pressure potential Delivery verse registered. 300.
• 10:28
  And 14% extreme delivery pressure days to 1st notice.
• 10:33
  That'll be for the May contract that's in 10 days depletion
• 10:37
  estimate. I'll let you guys.
• 10:39
  Check this out yourself. But they have all kinds of
• 10:41
  charts, all kinds of data that indicate one big key thing,
• 10:46
  right? Look.
• 10:47
  This is red. There's big.
• 10:49
  Stress at the Comex, right? And in terms of their index,
• 10:52
  they're giving it a 72. Now let's go check on Rashad,
• 11:00
  one of our favorite analyst who's telling us about.
• 11:03
  Let me make sure. Wow, I got this right. 250.
• 11:06
  Dollar silver. Let's see what why Rashad is.
• 11:09
  Saying that and then we're going to hear from Jim Rickards, the
• 11:13
  Jim Rickards about $10,000 gold by the end of this year.
• 11:16
  But Rashad is pointing this. Out gold to silver.
• 11:18
  Ratio is breaking down and it has a long.
• 11:22
  Way to go. My minimum.
• 11:24
  Target for the gold and silver ratio.
• 11:26
  By Midsummer is 30 again. That's the number of Oz.
• 11:30
  Of based on the current price of gold.
• 11:32
  The current price of silver The number of Oz.
• 11:34
  Of silver it would take. To trade to get one ounce of
• 11:37
  gold, which sits right now what, around 60?
• 11:40
  Ish. Maybe 63?
• 11:42
  But it's going down the. Lower that gets.
• 11:45
  That means the. Higher the silver prices
• 11:47
  relative to gold, he said. With the gold.
• 11:49
  Price above 7 Ki expect a minimum $750.
• 11:55
  I'm sorry, 2. $150.00 silver. Price.
• 11:58
  And he's expecting that very, very soon.
• 12:01
  Who is Jim Rickards? The man who's telling.
• 12:04
  Us, we still have. A strong potential for a $10,000
• 12:09
  gold. Price by.
• 12:10
  The end of the year. Let's go check out.
• 12:13
  Hold on one second here. Here he is.
• 12:16
  Nope, Nope. Hold on one second play.
• 12:19
  The the tech is really. Screwing up today.
• 12:24
  Boom, here we are. Jim Records now you should be
• 12:28
  seeing it. Let's get that on the screen.
• 12:30
  For you. Sorry, guys.
• 12:32
  OK. Jim Rickards, I'm I'm all out of
• 12:36
  order right now, but we're going to do Jim now, Jim.
• 12:39
  Rickards is a prominent. Lawyer, economist and investment
• 12:43
  banker. Known for his deep expertise.
• 12:45
  In global finance and geopolitical risk, he he gained
• 12:49
  widespread acclaim for. His work as the.
• 12:51
  Principal negotiator in the. Federal rescue of.
• 12:54
  Long term Capital Management, remember.
• 12:56
  That crisis back. What in the late 90s and for
• 12:59
  advising the US intelligence community on asymmetric water
• 13:04
  warfare and financial threats. And I also believe.
• 13:08
  That he. Is a best selling author, but
• 13:11
  he's on with Michelle McCrory on Frank Miles Franklin's media and
• 13:18
  listen to this. It's going to be about one
• 13:20
  minute and he's going to tell us about $10,000 gold.
• 13:24
  You had the potential outlook for gold at $10,000 by the end
• 13:28
  of the year. You said that was feasible and
• 13:29
  you broke down to us how that is feasible in light of this
• 13:32
  conflict. Where do you see gold ending
• 13:34
  this year? $10,000 is still a realistic
• 13:37
  estimate. I said sometime ago is five.
• 13:38
  It got to five. It got smashed down a little
• 13:41
  bit. It's working its way back to
• 13:42
  5000 in stages. But yeah, it'll go along with
• 13:45
  the kind of inflation that we talked about.
• 13:46
  Central bank demands is not going away.
• 13:48
  Supply is flat. Central bank demands is going
• 13:50
  up. The safe haven asset
• 13:52
  attractiveness of it is going up to the extent people do want to
• 13:55
  pour cold water on the D dollarization thesis.
• 13:56
  But the idea that central banks are moving from dollars to gold,
• 13:59
  that's true. That's very well documented.
• 14:01
  So that will continue to drive it.
• 14:02
  And then I did the very simple bit of math where I pointed out
• 14:04
  that if you use $1000 increment is a marker, each $1000
• 14:08
  increment is easier than the one before because you're working
• 14:11
  off a higher base, so it's a smaller percentage gain.
• 14:13
  So going from 4000 to $5000 an ounce is a 25% increase.
• 14:18
  That's a heavy lift. But going from 9000 to 10,000 is
• 14:21
  only an 11% increase. That's much easier.
• 14:23
  It'll take time to get to 6 or 7, but you're going to go 8910
• 14:26
  really quickly. All right.
• 14:29
  That's the man Jim records and you know, we don't think about
• 14:33
  that, that he brings up a great point to go from 4000 to $5000
• 14:37
  gold. Yeah, 25% increase.
• 14:39
  That's huge, right? But to go from 9000 to 10,000,
• 14:43
  about 11% to go from 55,000 to 56,000 per oz gold.
• 14:49
  Well, heck, that's what, 2% and we're going to talk.
• 14:51
  About that here in a few minutes.
• 14:53
  First, where do you rank amongst the world's?
• 14:57
  Excuse me, Silver Stackers, one of our.
• 15:00
  Great community members. Mr. Tim Zoob pointed this out to
• 15:04
  me and I took a screenshot. If you own 1000, hold on here.
• 15:10
  Here we go. Now we got it.
• 15:11
  Sorry guys, the tech is. Really acting up today if you
• 15:14
  own 1000. Troy ounces of physical silver.
• 15:18
  That puts you in roughly the top .04% of all people on the planet
• 15:25
  who do. I feel pretty good about this,
• 15:27
  hey. Listen, you know, think about.
• 15:30
  That there's a couple key. Things #1 according to my math
• 15:34
  .04% if you own 1000 ounces of silver, that's one.
• 15:38
  You're one in 2500 people. All right, think about a think
• 15:44
  about a big high. School football stadium OK goal
• 15:49
  of 2500 people. If you own 1000 oz, you're one
• 15:53
  out of those 2500 people. It also demonstrates how under
• 15:57
  owned silver. Really, truly is.
• 16:00
  Right, the original monetary metal.
• 16:02
  And what do you think? I think when those other 20 four
• 16:05
  2499. People start to wake.
• 16:08
  Up even if 55550 of them. Start to wake up.
• 16:12
  And want to get 1000 ounces of silver, right?
• 16:15
  It's going to be a wild mad Stampede.
• 16:18
  All right, let's talk about now. Let's talk about $56,000 gold.
• 16:22
  We're going to get to that right now.
• 16:24
  This. Comes from North Star bad.
• 16:26
  Charts and I'm extrapolating on what he's showing us.
• 16:30
  Here, but he says. Life changing opportunity likely
• 16:34
  ahead. Don't miss it this.
• 16:36
  Chart guys shows us the gold price versus.
• 16:42
  The S&P 500. So you take the gold.
• 16:44
  Price. And divide it by the S&P 500.
• 16:49
  As you can see at its all time high it was almost at 8.
• 16:52
  Over here that would have. Been back in 1980, that meant
• 16:56
  that one ounce of gold was 8 times more valuable than the S&P
• 17:01
  500 where we are. Today, right here, I'll circle
• 17:05
  it right there, OK? With the S&P 500 right around
• 17:09
  7000 in an ounce of. Gold.
• 17:11
  We'll say it. What?
• 17:12
  4800 We're at about .66 on this chart.
• 17:17
  OK, if, if. We were to get back up here,
• 17:21
  right? Where we were, where an ounce of
• 17:23
  gold was worth right and and look, this happened in 1980.
• 17:28
  This is. Real we were to get back up to
• 17:31
  that level. Right, where an ounce of gold
• 17:35
  was eight times more value valuable than the S&P 500.
• 17:39
  That would make the gold price be $56,000 at that point you
• 17:45
  take. 50. 6000 / 7000 which would be the S&P 500 and you
• 17:51
  would. Get this rate right there.
• 17:54
  Even if right let's. Just say, let's say the.
• 17:57
  S&P 500 crashes Say the S&P 500 goes down to 5000.
• 18:03
  Oh my gosh. I mean, could you imagine the
• 18:05
  people be freaking out? But that ratio still?
• 18:08
  Went to 8. That would still mean $40,000
• 18:11
  per oz gold think. About where silver would be.
• 18:14
  Even if the S&P 500 went to 3000 like a major crash and we went
• 18:19
  to 8 all right, and 8 to 1 gold to S&P 500.
• 18:22
  Ratio we would be at. $24,000 gold.
• 18:26
  I know it seems outrageous, it seems crazy, and I'm not.
• 18:29
  Please always be. Responsible.
• 18:32
  I'm just pointing out pure facts and numbers and that's what
• 18:35
  those numbers show us in no uncertain.
• 18:37
  Terms and there is. Nothing in the world saying that
• 18:41
  we can't get to a ratio again where an ounce of gold is worth
• 18:45
  8 times the S&P 5. 100. It happened in 1980, OK.
• 18:50
  And in those ratios, those numbers are real.
• 18:53
  This is not fantasy. This is not us just sitting.
• 18:56
  Around saying it would be great. Look it is possible do I think?
• 18:59
  It's going to going to happen this year or next.
• 19:01
  Year. Probably not, but we can't rule.
• 19:04
  It out that at some point in the future we.
• 19:07
  Could see gold prices and silver prices that.
• 19:09
  Truly are incredible. I mean.
• 19:10
  Crazy. Look, that's what I.
• 19:12
  Believe. You don't have to believe it.
• 19:14
  Everybody's entitled to their own.
• 19:16
  Analysis their own opinions, but I believe that.
• 19:18
  In my lifetime, I will. See silver prices and gold
• 19:22
  prices That that that the. People now laugh at OK, but
• 19:26
  remember something a year ago today when silver was what?
• 19:30
  333030. $5 per oz. They were laughing.
• 19:34
  At us because we said. Silver could go to 80 or 90 and
• 19:38
  they. Really would have laughed if.
• 19:40
  We told them that it would hit 120 in January, so don't rule
• 19:44
  anything out. Let's talk about what the
• 19:46
  Chinese are doing. Let's talk.
• 19:48
  About what the smartest? Mind in the world is saying is
• 19:53
  the best investment ever. Before we do that, if.
• 19:56
  You want to get your hands on some of the best silver on the
• 20:00
  market. Silver like this?
• 20:01
  I was looking at this. Earlier, that's the Buffalo
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  Round from channel sponsor First Met.
• 20:08
  And you know I love the backside of this coin here.
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  I'll just show it to you. It's one of my favorite.
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  Liberty Bar they have free. Shipping on orders over $299.
• 21:01
  A great customer service, great prices, and really truly unique.
• 21:05
  World class silver bullion products.
• 21:08
  Let's go out to China. Let's go to Kitco.
• 21:11
  Ernest Hoffman. Do you think the Chinese?
• 21:14
  Or with the gold price going down?
• 21:16
  The silver price went down in March.
• 21:18
  Think they stopped buying? No.
• 21:20
  Chinese gold ETFs. See record.
• 21:22
  Inflows in Q1, that's January, February and March as investors,
• 21:28
  wholesalers and. The People's Bank of China.
• 21:32
  Their central bank jumped on lower.
• 21:34
  Prices to stock up that. Came that this, this comes from
• 21:38
  the World Gold Council. Look at that image right there.
• 21:42
  China's surge in gold demand. I mean, you know, while
• 21:47
  everybody in the West was crying, the Chinese were buying.
• 21:52
  All right, let's go and just read this first.
• 21:54
  Paragraph in red gold prices. NDQ, one with a weak March, but
• 21:58
  investors and wholesale demand surged in China with record ETF
• 22:02
  inflows, while the People's Bank of China also took the
• 22:06
  opportunity to make above average addition to its
• 22:09
  reserves, according to Ray Ji, research head for China at the
• 22:14
  World Gold Council. So worldwide demand, whether
• 22:17
  we're talking about China or other central banks, is
• 22:20
  certainly not slowing down when it comes to gold, and I believe
• 22:25
  the same is true. For silver as well.
• 22:28
  What about GRAC? If you heard of GRAC, GRAC is.
• 22:31
  Elon Musk Artificial intelligence like the smartest
• 22:35
  thing in the world. Make gold great again put.
• 22:37
  This out what do you? Think rock, think well.
• 22:40
  I'll, I'll just let you read it, or I'll read it to you.
• 22:42
  You just sit. Back and relax basement.
• 22:45
  Dwellers make gold greatest grade.
• 22:46
  Again, make gold. Great.
• 22:48
  Not again. Said I asked Grok the.
• 22:51
  Asset, it would put $10,000 in today, yeah.
• 22:54
  Super grok what? What's the most undervalued
• 22:58
  asset in the world that you would invest $10,000 in today?
• 23:02
  Answer in just one word and good old.
• 23:05
  Super Grok. He had he had a very simple
• 23:08
  answer. It would be Silver Peter.
• 23:11
  Spina from Gold Seek and. Silver seek this There's a
• 23:14
  there's a. Strong strong message for
• 23:18
  precious metals in this in. Particular for silver.
• 23:22
  So when silver prices smashed through $100 per oz, people
• 23:26
  would have been thrilled to buy under $80 per oz, right?
• 23:30
  Remember back in January when there was like a?
• 23:33
  Little bit of a silver. Mania, all these new people and
• 23:36
  silver went from 100 to 110 to 120 people would have.
• 23:40
  Been would have been happy. To buy it under 80 an ounce.
• 23:43
  A few months later, sentiment is crushed.
• 23:46
  That's. OK, guys.
• 23:46
  I'll tell you why with the price under 80.
• 23:49
  Dollars per oz. Buyers should be thrilled, but
• 23:53
  they are shell shocked and fearful that.
• 23:55
  Goes back to that memo from 1974 when they were creating.
• 23:59
  The the futures. Exchange is saying how we can
• 24:02
  put major volatility into these. Markets.
• 24:05
  It will discourage Westerners. From hoarding.
• 24:08
  Gold, but also silver as well, he says.
• 24:11
  Silver This is where it's. Key is by no means a crowded.
• 24:16
  Trade, it's a structural. Trade, it's in a structural
• 24:18
  trade deficit. The fundamentals are raging in
• 24:21
  its favor. Prices will soon again reflect
• 24:24
  the ongoing squeeze and when we're back smashing through 100
• 24:28
  and oz those. Fearful of accumulating now.
• 24:30
  Will be returning with the buying herds squeezing tight
• 24:35
  inventories even. Further.
• 24:37
  Setting up the final scene. Of the silver squeeze, a true
• 24:43
  super price spike. OK, couple.
• 24:46
  Things that he brought up in your #1.
• 24:50
  Silver is not a crowded trade. Well #1 Silver's doing great.
• 24:56
  OK, let's go take a look at the. Price Silver's doing great.
• 24:58
  Despite, like he said. Believe it or not guys.
• 25:01
  Right now. Sentiment in the silver.
• 25:04
  Sector is really low. Here we are.
• 25:06
  There's a spot price $78. And $0.84 gold, right under 4800
• 25:12
  per oz This. That, that's the silver.
• 25:15
  Price in a really poor sentiment market.
• 25:18
  You and I have good sentiment. Sentiment we know.
• 25:20
  We believe. But the general public right
• 25:23
  now, by the way, that it can be measured.
• 25:26
  Are not real. Positive on silver and we're
• 25:29
  still doing great, OK. It's not a crowded trade,
• 25:33
  meaning there's a lot of room still for people to come.
• 25:37
  Into this trade. Not a lot of room in terms of
• 25:41
  physical. Silver that's available, but a
• 25:44
  lot of. Room in terms of people, numbers
• 25:46
  of people coming in, the numbers of Oz are very low.
• 25:51
  The potential for the numbers of.
• 25:52
  People are very. High because we know.
• 25:55
  Right. Like how many people?
• 25:57
  In the world. Here's a quiz for you.
• 26:00
  How many people in the world own 1000 ounces of silver or more?
• 26:05
  OK, yeah, one in 2500. Think about those other 2499
• 26:12
  people that are going to be fighting over that very limited
• 26:16
  supply of silver. Those people we like to
• 26:20
  affectionately refer to as the. Sheeple right when when they
• 26:27
  come and we don't need all 2499 of them, we only need 10 out of
• 26:33
  that 2500 to join and there's going to be hardly any silver to
• 26:38
  be found anywhere all. Right, guys, let's go.
• 26:41
  Out and check on the hold on one second here.
• 26:45
  Hold on here, I want to say thank.
• 26:48
  You to Jimmy Blue. Jimmy Blue to you.
• 26:53
  All right. My friend, thank you.
• 26:55
  Thank you for the Super. Chat super chats are never.
• 26:57
  Expected always super appreciate.
• 27:00
  Jimmy Blue. Jimmy Blue's up.
• 27:01
  I got him up. Susie's on a little bit of a
• 27:03
  delay. That's OK.
• 27:04
  You're fine. You're fine, Susie.
• 27:12
  Wow. Oh man, that's cool.
• 27:14
  That's a picture of his daughter from 1977.
• 27:17
  What a great. Community of people we have.
• 27:19
  Here in the basement. We call ourselves.
• 27:22
  Basement dwellers, we'd really like for you to come.
• 27:24
  Back, OK, it's a great. Community, please subscribe to
• 27:27
  the channel. Give the.
• 27:29
  Video A thumbs up we are in for. A wild good ride with silver.
• 27:33
  I didn't realize it, but like, look at that, Peter.
• 27:36
  Spina talked about a squeeze. The Financial Times, right the.
• 27:41
  Wall Street Journal. Myrtle of London.
• 27:43
  Is is is actually in? Print right?
• 27:46
  I mean look, the mainstream media is always negative on
• 27:50
  silver the. Financial Times is talking.
• 27:53
  About the potential. For a silver squeeze, the Silver
• 27:57
  Institute. Right announced to us yesterday
• 28:00
  that we're now in our. 6th year of silver deficit.
• 28:03
  Look guys, here's the reality. When it comes to silver?
• 28:06
  Gold gets gold. I love gold.
• 28:09
  Amount and I love gold. Gold gets dug up.
• 28:12
  Right out of the ground and gets put back in the ground.
• 28:14
  I think Warren Buffett said that none of it really gets consumed.
• 28:17
  Silver, as you know, gets consumed.
• 28:19
  We. For six years.
• 28:22
  Have been borrowing from the Silver Rainy.
• 28:25
  Day fund Guess what that rain it's like if you.
• 28:28
  Have a rainy day fund, an emergency fund, maybe you keep,
• 28:32
  I don't know, $5000 on a bank account or something for.
• 28:36
  Emergency that doesn't last forever.
• 28:38
  If something comes up, you got to get a.
• 28:39
  Car repair or whatever. Right.
• 28:41
  You'll take some money out of there and then if you go on
• 28:43
  vacation, take some money out. Of there.
• 28:45
  Well, eventually it's gone. That's the exact same thing
• 28:48
  that's going to happen with the available above ground silver.
• 28:52
  And on top of that, right, we know that the mining sector is
• 28:57
  struggling. I mean, if they could make more
• 28:59
  silver right now. Trust me, think about it.
• 29:02
  If the silver miners could produce, if they could just.
• 29:05
  Turn a knob on their on their. Mill and make more silver.
• 29:09
  They do it in a second. They can't because the reason
• 29:14
  why? The reason why?
• 29:17
  Is that investments into the silver mining pipeline?
• 29:21
  It's a pipeline. It takes like 10-15 years from
• 29:25
  the time when. Silver is discovered right?
• 29:28
  They got a drill. All that 10 or 15 years?
• 29:30
  From the time it's discovered until the time that it becomes
• 29:34
  this. Right, real hard silver and
• 29:37
  because the price of silver. Had been manipulated down, tamp
• 29:41
  down, smash down. However you want to say it, art.
• 29:44
  Kept. Kept artificially really low, I
• 29:47
  know, $1520.00 an ounce, $10.00 an ounce over.
• 29:51
  The last 20 years, Guess what? There was no financial
• 29:54
  incentive. For people to explore, for
• 29:58
  silver to fill. That pipeline and right now.
• 30:02
  What we're? Experiencing are the
• 30:03
  ramifications of. That that's why Phillips Baker,
• 30:07
  ex. CEO.
• 30:08
  Of Heckler Mining was on record saying it'll be 20. 30/20/30 at
• 30:13
  the earliest. Right when the silver mining
• 30:16
  sector can. Start producing more silver.
• 30:19
  Most silver is a byproduct of copper.
• 30:21
  Mining and we know. The sulfuric acid situation with
• 30:24
  China's. That's going to.
• 30:25
  Could potentially put a squeeze. On copper production, OK.
• 30:29
  And on top of that, the new copper mines, the new copper
• 30:33
  deposits, and they take 20 years to build.
• 30:38
  All right, come on guys, let's get the 200 thumbs up.
• 30:41
  I'll ring that cowbell for you again today.
• 30:43
  Press that thumbs up. Will you please?
• 30:45
  Anyway, right, the new. The the, the the.
• 30:47
  The new copper mines, they are producing the new.
• 30:51
  Deposits are deeper from what I understand, so they don't have.
• 30:54
  As much silver. Native that exists with the.
• 30:58
  Copper, I mean, I don't know, it's like, however, you,
• 31:01
  however. Like you look at it the.
• 31:04
  Situation with silver is incredible.
• 31:06
  Nobody was. There's no pipeline.
• 31:11
  A very limited pipeline, right? You got a few people.
• 31:14
  Out there, that guy Sean Kunkun from Dolly Barden, you had the
• 31:19
  silver 47. You had BlackRock Silver.
• 31:24
  You'd keep Newmeyer at First Majestic, who was buying
• 31:27
  Accumulating, but those were visionaries, right?
• 31:31
  Now it's kind of in vogue. Sure, right.
• 31:33
  You know. Channel sponsor.
• 31:35
  Brixton Metals bought the Langus project up in Ontario.
• 31:40
  Right, it's a huge old. Silver and cobalt mine but.
• 31:43
  Most people weren't doing it. We just don't have a pipeline of
• 31:48
  new silver coming on board. It's going to be.
• 31:50
  Wild it's going to be. Absolutely interesting.
• 31:54
  Let's check in with upstairs Susie and see where we are in
• 31:56
  the thumbs up. How we doing on the thumbs up?
• 31:58
  Susie, I got it. Thank you.
• 32:02
  All right, we got thank. Thank you, basement dwellers.
• 32:04
  You put a smile. On my face, let's.
• 32:06
  Hey, what do you say let's hang out?
• 32:07
  For a little bit longer. That was from our good our good
• 32:12
  friend Joe F who? Actually brought that by the.
• 32:15
  House one day on his lunch break, like 3.
• 32:18
  Years ago it's it is. Totally incredible.
• 32:21
  Let's go out and check on that silver price one more time.
• 32:24
  Come on, silver, can you go green for us down here in the
• 32:27
  basement? All right, we're down $0.35 per
• 32:30
  oz. 78. Dollars and $0.51.
• 32:34
  Hey, what do you say we go see? What do you think the silver
• 32:36
  price was? One year.
• 32:38
  Ago today, there's the futures. Market 7878 and oh, it's like
• 32:44
  are we got it on one year and if we go.
• 32:47
  All the way to the left. What is today the?
• 32:50
  16th. Let's see if we can get a a read
• 32:53
  for where we were. There we are on the 18th.
• 32:56
  Silver was $32. Per Oz.
• 33:02
  One year ago today, let's. Look at this chart real quickly
• 33:07
  while we're here. Do you see?
• 33:08
  I mean, it is. Like it?
• 33:10
  This just feels like look please.
• 33:13
  Always be responsible, don't make find it but to me when I.
• 33:17
  Look at this chart. When I look at this kind of
• 33:19
  area, I don't know, this kind of kind of goes.
• 33:24
  Like like this? Right.
• 33:28
  I mean like. That wedge that we've.
• 33:29
  Broken out to but this I I look at all the different like
• 33:34
  technical analysis, wedges, cup and handles.
• 33:36
  All that stuff. But to me this just feels.
• 33:39
  Like a massive period of consolidation.
• 33:43
  And while it doesn't seem that long ago.
• 33:46
  This was what were we? What was the actual?
• 33:49
  Date the 20? Yeah, right around the end of
• 33:51
  January, of February, March, it's been 10 weeks that we've
• 33:56
  been going through. What feels like a real.
• 33:58
  Consolidation within the silver price and ready to right.
• 34:02
  Building a base right? Like anybody.
• 34:04
  All those newbies who hopped in. But it was.
• 34:07
  Like a year ago 32. Dollars $32.
• 34:10
  I know it's. Crazy.
• 34:12
  Thank you Upstairs, Susie. But.
• 34:14
  Like we built like all the people that.
• 34:16
  Wanted to get. Out of silver.
• 34:19
  And the people that joined that got caught up in the January and
• 34:22
  it was fun. It was not a.
• 34:23
  Squeeze. It was a squeeze, but not a
• 34:27
  squeeze. I'm that is.
• 34:28
  That was not the silver squeeze and that was based on physical
• 34:31
  demand as well. But anyway, any of the new
• 34:34
  people that came in that bought silver at 90 or 100 and never.
• 34:38
  Really understood what they were doing.
• 34:40
  Didn't understand the whole fundamental story behind it.
• 34:43
  Most of those people. Are gone at this point now over
• 34:47
  the last. 10 weeks right those. People sold and the people.
• 34:53
  Who bought? Maybe you, maybe me.
• 34:56
  Right. We're like strong handed people.
• 34:59
  I've never. Have you ever sold silver?
• 35:01
  I've never sold an ounce of silver, people, I can tell you.
• 35:05
  All about the best way to buy silver.
• 35:08
  I can tell you everything. About it, right?
• 35:10
  The best? You know, buy it.
• 35:11
  Close to the spot, where to go, how to do it, all that great
• 35:15
  stuff when. People ask me about selling
• 35:17
  silver. I'm like, I don't really know.
• 35:18
  I mean, I know that you want to get.
• 35:20
  The best price obviously that's. About the best shop around.
• 35:23
  That's about the best advice I can give you because I've never
• 35:26
  sold and it's over these last 10 weeks.
• 35:29
  I really feel like like and they talk about that with like the.
• 35:32
  Descending wedge and. Blah blah blah that like.
• 35:35
  You know, lower lows and lower highs that get compressed.
• 35:38
  That that's a very bullish. Thing anybody who wanted.
• 35:41
  Out. Probably got out.
• 35:43
  Over 10 weeks is a pretty darn long time.
• 35:46
  That'll give us a. Platform to go forward?
• 35:48
  Let's go check on the dollar index.
• 35:50
  Because that's. While it's short term, noise
• 35:53
  will have a big impact here. OK, 9820.
• 35:57
  Five, we are well below. 100 on that.
• 36:01
  A What the heck hold? On forgot to share it.
• 36:03
  Sorry Susie, I shared it. Now let's go out and look.
• 36:07
  At the good old U.S. debt clock. And we are well above $39
• 36:12
  trillion. There, let's look at the paper
• 36:15
  to silver ratio. Hold on here.
• 36:19
  I'm sorry, the dollar. To silver ratio is currently.
• 36:22
  At 1256, that measures the amount of dollars.
• 36:28
  That are added to the. M2 money supply printed money
• 36:32
  versus 1 oz each one ounce. Of silver that's produced.
• 36:36
  By the mining sectors, that means for each one ounce that
• 36:39
  they create in the mining sector, the government is
• 36:42
  creating 1200 and. $56 paper dollars.
• 36:49
  Hold on here the. Dollar to silver ratio, OK, that
• 36:52
  was 2000. 13 We go down here the.
• 36:55
  Paper to silver ratio still. Hovering right around 300 and.
• 37:00
  85 S Hey guys. Thanks so much for coming down
• 37:03
  here. You're important.
• 37:04
  It's a big deal. Thank you again to my friend.
• 37:07
  Jimmy Blue. To you and your beautiful
• 37:09
  picture of your daughter, don't forget, subscribe to the
• 37:12
  channel. It's going to be a fun wild ride
• 37:15
  for us in this precious metal sector.
• 37:17
  Who knows? Think about.
• 37:19
  Where do you think we're going to be one year from now?
• 37:22
  I know one thing we'll. Be here together, we'll get
• 37:25
  through whatever they throw at us.
• 37:27
  Here in the next 12 months, we're going to do it together.
• 37:29
  We're going to do. It having a lot of.
• 37:31
  Fun, take care of yourself and I'll see you.
• 37:34
  And we see you. Yeah.
• 37:35
  We'll see you next time. Bye.
• 37:37
  Bye.