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DON'T Wait! Why I just BOUGHT SILVER 🥈 · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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  By Silver now, before it's too late.
• 0:03
  Well, I bought silver. I'm not offering financial
• 0:06
  advice and I want to add, no one's paying me to say this.
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  I'm not being sponsored or have an affiliate link, Not yet, and
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  nothing against anyone who does. This is just my genuine feelings
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  about silver and why I pulled the trigger and bought some
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  silver and maybe you're like me. Does it seem like every time if
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  you buy silver that if you'd waited just a week longer the
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  price gets even better? Well, I bought mine midweek last
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  week and the price did get better as usual, but I still
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  feel comfortable with the reasons why I bought silver.
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  You need to buy silver now before it's too late.
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  You hear that all the time. Well, I did buy silver this
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  week, and in this video I'm going to share with you the
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  reasons I wrote down as to why I feel comfortable with my silver
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  purchase. But you ever get that painful
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  experience? Like if you buy some silver, it
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  always seems like three or four days later the price goes down
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  even further. You could have exchanged your
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  paper Fiat Unicorn fart dust money for even more silver.
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  So if that happens to you, you're not alone.
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  But I think it's important that we talk about and we write down
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  the reasons why we buy silver. And I'm going to share with you
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  what I think are some compelling facts as to why I feel
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  comfortable about my most recent silver purchase.
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  You think the most obvious reason for buying silver now is
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  because the price is down. Heck, compared to May 5th just
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  six weeks ago, silver's down almost 15%.
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  Yes, it was above $26 per oz on Cinco de Mayo.
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  Who doesn't like a good Mexican holiday.
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  You do know that 25% of the world silver comes from Mexico,
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  but nonetheless, the price of silver is down South.
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  Why not buy it when it's down? Most people don't do that.
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  If you do, you're a little smarter one step ahead than the
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  average silver investor. Talk to any coin shop owner.
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  Talk to any bullion retailer. They'll tell you when the price
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  goes up. That's when they see a flood of
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  new people go in. So even though it might be
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  painful, trust me, it is to buy when the price is down.
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  That's always the best time to make your conversion.
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  You. Yes, you.
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  You are important. It's a big deal.
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  You're here. Thank you.
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  I hope you decide to come back. Please help the channel out.
• 2:54
  Subscribe and give this video a thumbs up.
• 2:57
  Thank you. Now, I don't always feel like
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  I'm alone. Down here in the basement,
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  there's like this guy who visits me.
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  I call him Silver Face. He shows up from time to time.
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  It's that inner voice. Do you have that that says, you
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  know, maybe it's a good time to buy Silver?
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  I don't know if you notice anything different.
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  Silver Face showed up this week and he's been hanging around for
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  a while. Usually he's on one of my
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  shoulders. Let me know if you happen to see
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  him. But another big factor we need
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  to consider with the Silver price and why now is a good
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  time, in my opinion, is because we're in the summer law.
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  Silver and gold always go through a wall period in June
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  and July. And that's usually a great time
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  to make a purchase because you know what?
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  Nobody else is. They're all out at the beach and
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  the amusement parks having a good time.
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  You want to buy when no one else is buying and that is generally
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  the case right now. Have you seen the data from the
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  big electronic exchanges, the COMEX and the LBMA in London,
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  England? Their warehouses, their vaults
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  are at near all time low levels. That's where all the leveraged
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  paper electronic Unicorn fart does silver is traded and we're
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  supposedly the silver spot price is determined.
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  Things are getting very interesting in that area.
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  I'll leave it to the experts to explain more to you about that.
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  But the fact that those inventory levels, the real metal
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  they have to back up all the other hundreds of contracts
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  they've written, that's nothing but a good sign for silver
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  supply. In terms of silver supply being
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  constrained, Are you ready for the day when those electronic
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  exchanges are overwhelmed by physical demand And that's just
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  what we're putting on the market.
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  When we by physical silver, it's going to be a big day.
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  We could see an explosion and silver price like never before.
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  But remember a lot of us have been waiting 15 years for that
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  to happen. I do think it's very interesting
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  to consider that in the last few weeks, these days where we see
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  soft silver, seesaw, seesaw, saucy, whatever, silver went
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  down 4% on those days. Sometimes that happened in 15 or
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  30 minute increments. And during those periods, I
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  heard a top analysts say those 30 minute periods, there was an
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  equivalent of 1/4 of the year's mine production of silver traded
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  in electric form during two of those episodes.
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  Look, guys, the electronic world is going to break.
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  And when it does, it's going to be a good day for real silver
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  and gold investors. I bet you like people.
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  I bet you like Chinese people in Indian people because they both
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  love silver. Last year, India imported like
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  300,000,000 ounces of silver. So far this year, they've been
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  completely blank, doing nothing. But the second-half of the year
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  could prove to be very fruitful in terms of demand for silver
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  from India. It's not like they suddenly
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  forgot about it. We have the wedding season
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  coming up, and from what I hear, a lot of the younger people in
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  India are starting to prefer silver to gold.
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  But what about China? We know they're stockpiling all
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  the precious metals of the world.
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  We know they're upset about the artificially low price of
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  silver. But just from a solar panel
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  demand level alone, they are producing a record number of
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  solar panels. So the volume, the number is
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  going up, up, up and they all have silver in them.
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  And on top of that, the amount of silver being loaded into this
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  ever increasing number of solar panels being developed, the
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  amount of silver going in, that's also going up, it's like
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  a double bonus and it spells good times ahead for the silver
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  price. Again, these are the reasons why
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  I decided to buy silver. Have you heard of SRS Rocco?
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  Well, now you have, because they put out excellent data regarding
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  the silver market and they just published a small report, a
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  graph that showed that in 2022 the average production cost for
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  an ounce of silver was $20.50. Guys, the silver miners aren't
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  making any money. What does that mean?
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  That means they aren't able to invest in exploration, in
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  development, in building new mines and increasing production.
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  They're just fighting to survive, fighting to break even,
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  again, from a supply perspective.
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  And we already know that the Silver Institute told us in 2022
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  there was like 1/4 of 1,000,000 ounces of silver more demanded
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  than was supplied in. These minds are scaling back
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  because they can't afford to expand.
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  And it's so important we take a big view, a world view, of
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  silver. Silver is a worldwide market,
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  Not just the United States, not just Canada, not just Australia,
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  not just England. Wherever you're joining me from
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  right now, it's a world wide universal market.
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  And by the way it's been valuable for thousands of years.
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  But that's not what we're talking about.
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  What we're talking about is what is the world doing with
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  resources, with precious metals, what are the BRICS countries
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  doing? There is serious talk right now.
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  James Rickards just came out with a great report predicting
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  that in August the BRICS are officially going to announce a
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  gold backed currency. What's that going to do for
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  silver? It's going to skyrocket it if
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  that prediction comes true. So what I say is look at what
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  the world is doing. Look at what the BRICS countries
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  are doing. They're accumulating precious
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  metals and so am I. Hey, I just wanted to share with
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  you the reasons why I recently bought some more silver.
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  Not financial advice. Don't do anything, Buy or sell.
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  No puppy adoptions. Don't engage.
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  Don't propose to your girlfriend based on anything that I told
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  you in this video, but I hope you enjoyed your time here in
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  the basement. Go watch a live stream and I'll
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  see you soon.