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**ALERT** 🏛️ YOU Won’t Believe THIS - (Gold and Silver Price) - Precious Metals News · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  Epic moves in the precious metals markets, gold, silver,
• 0:05
  precious metal mining stocks, but we could only be beginning.
• 0:09
  We could be early on second or third inning of a nine inning
• 0:13
  baseball game. We're going to look at all the
• 0:15
  reasons why examples why things are changing like never before
• 0:20
  for the precious metals mainstream media, big name
• 0:23
  people, big financial institutions.
• 0:26
  We've got a plethora of examples to look at, but first, I do want
• 0:29
  to to say thank you for joining me again, this is the second try
• 0:33
  on this live stream. The first one we had some
• 0:36
  technical issues for. So thank you for all of you for
• 0:38
  joining me here in the basement. It's a big deal you choose to be
• 0:42
  here. We're a community or basement
• 0:44
  dwellers. We love to talk about gold and
• 0:46
  silver. Please subscribe to the channel
• 0:48
  that's free. But let's talk about why we
• 0:51
  could still be early in what could be more than just a month
• 0:56
  or 1/4. But let's look at things like
• 0:58
  decade long bull market for the precious metals.
• 1:01
  Let's go out first to CNBC. And there's a reason why it's
• 1:06
  important for us to realize that when CNBC is talking about
• 1:10
  silver, our ears are going to perk up $100 silver.
• 1:14
  Analysts say the metal could easily double from its current
• 1:20
  record highs. Yes, we're talking about $100
• 1:22
  silver. And CNBC, the mainstream of
• 1:26
  mainstream financial media, is bringing that up.
• 1:31
  But it's more than that because when we look at the data behind
• 1:33
  this, we have big name people, big name financial institutions
• 1:38
  now talking about $100 silver. Analysts see silver doubling
• 1:43
  from record highs to $100. Guys, get a load of this in
• 1:48
  yellow. This is Paul Sims from Invesco,
• 1:52
  said the gold record smashing run earlier this year.
• 1:56
  And let's get the right screen up for you.
• 1:58
  Sorry about that guys. Gold's record smashing run from
• 2:03
  earlier this year LED traders to rotate into other metals.
• 2:06
  Interest in silver picked up when the gold to silver ratio
• 2:11
  moved above 100 X after the post Liberation Day gold rally, he
• 2:15
  said Friday. Right.
• 2:17
  We were at 100X gold, 100 ounces of silver to get one ounce of
• 2:21
  gold. Are you kidding me?
• 2:22
  Right now we're around 80, but the important thing to remember
• 2:27
  is that historically that ratio has been as low as 50 or 30.
• 2:33
  So it's the only time the ratio has been above 100 X.
• 2:37
  This century was during the pandemic, and that was followed
• 2:41
  by sharp reversals. Sims also added that until now,
• 2:46
  silver hadn't hit a record since 2011, while gold has seen 39 new
• 2:52
  highs. So what he's saying is gold has
• 2:54
  led the way, but we are just now getting started with silver in
• 2:59
  red. Some said investors are treating
• 3:01
  silver as both a store of value and a strategic commodity.
• 3:06
  And I don't know this web page. I'm going to refresh it one more
• 3:10
  time because I've got more I want to share with you from
• 3:13
  this, but we can come back to it, see if I can get it to.
• 3:17
  Here we go. This is a tricky web page for
• 3:25
  some reason. There we go for forecast,
• 3:28
  suggest $100 silver. Basically what we have here
• 3:31
  guys, are big name people. Paul Williams, managing director
• 3:35
  at Solomon Global, agreed that silver's move is being powered
• 3:38
  by fundamentals, not speculation.
• 3:41
  OK, a deepening struct structural deficit.
• 3:45
  He also said and describe this rally is being driven by quote
• 3:49
  real world focuses contrasting it with the speculative surge of
• 3:54
  1980. This time really is different,
• 3:58
  OK, it's always different, but people will say, yeah, but in
• 4:02
  the end, it's the same note. What we're experiencing right
• 4:04
  now in silver on many levels is, is different from the
• 4:08
  fundamental supply demand imbalance that we have to the
• 4:11
  world geopolitically changing like never, ever before from the
• 4:16
  boom, all the industrial uses of silver, from the fact that think
• 4:21
  about it from a fiscal perspective, there's more debt
• 4:25
  in the world. There's more debt in the United
• 4:27
  States than any other time. And the icing on top, the cherry
• 4:31
  on top of the sundae, geopolitically, the world is way
• 4:35
  different now than it was in 1980, right?
• 4:39
  In 1980, China and India were a sliver of what they were today.
• 4:43
  All right, we're going to move on to more.
• 4:45
  OK, If we talked about seeing NBC and how important that is,
• 4:48
  right? Mainstream media, mainstream big
• 4:51
  name people in the institutional investment side.
• 4:55
  Now talking about silver, right? They're also talking about gold,
• 4:59
  CNBC. But what does the Wall Street
• 5:02
  Journal do you think silver made it to the Wall Street Journal?
• 5:05
  Well, let's take a look at this. This was shared by our channel
• 5:10
  friend Mr. Chris Marcus from Arcadia Economics, who's waited
• 5:14
  a few decades to see the Wall Street Journal say this.
• 5:18
  And what they said is the silver price just hit their first, just
• 5:22
  hit their first record since 1980.
• 5:25
  Even the Wall Street Journal is reporting on what is an epic
• 5:29
  period. And the reason why that's
• 5:31
  important again, guys, is this is getting the attention, right?
• 5:36
  Not of you, not of me, right? We, we've been paying, we've
• 5:39
  been paying attention to silver and gold likely for a decade.
• 5:44
  Maybe some of you are new, and that's great.
• 5:46
  Welcome to this community. Welcome to the gold and silver
• 5:49
  community. You're going to love it.
• 5:50
  You're going to learn so, so much.
• 5:52
  But those big articles on CNBC, those big articles in the Wall
• 5:57
  Street Journal are important because your neighbors, right,
• 6:01
  your relatives, your Uncle Dick, your Aunt Sally, that don't care
• 6:05
  about gold and silver, that that would snarl at you at
• 6:08
  Thanksgiving dinner when you would talk about gold and
• 6:11
  silver. They are now learning and being
• 6:14
  woken up. We like to, in a very
• 6:18
  heartwarming way, like to refer to that class of people as the
• 6:21
  sheeple, right? And remember, and we got some
• 6:28
  more, we got so much more data to look at during this live
• 6:30
  stream. But remember, right, that the,
• 6:33
  the amount of people, the percentage of people in the
• 6:36
  United States even throughout the world that are invested in
• 6:39
  precious metals is small. So it's just going to take a
• 6:43
  little percentage increase. If we go from 2% of the world's
• 6:47
  population to let's say 6%, right?
• 6:51
  Which is still historically low. That's like 3 times more people
• 6:55
  three times. And that's new money coming in
• 6:57
  to precious metals. That's all new money.
• 7:00
  That's not people that have been in precious metals.
• 7:02
  We're talking about 2345 time potential more people coming in
• 7:07
  all with new money. Think about that, right?
• 7:10
  That could be like trying to drain Hoover Dam with a with a
• 7:15
  garden hose. All right, what about $128.00
• 7:18
  silver? I think that was on the
• 7:19
  thumbnail for this one. Is Silver at $128.00 right now?
• 7:24
  Some people are arguing that it is.
• 7:27
  Let's go out here. Uh oh, did I lose it?
• 7:33
  Here we go. Sorry about that.
• 7:35
  Now we're on the right right page.
• 7:37
  This was a viral tweet that went around.
• 7:40
  This comes from the Silver Academy Silver's new world order
• 7:45
  $128.50 per oz silver price in China becomes the global price.
• 7:53
  And here's the tweet that everybody's talking about from
• 7:55
  the Oriental Ghost who is a very well respected figure in the
• 7:59
  precious metal sector and very well connected in China.
• 8:03
  He said Shube Markets largest online trading platform Rong
• 8:06
  Tong Gold has stopped selling silver sheets.
• 8:10
  China's largest e-commerce, jd.com, that's the Chinese
• 8:15
  equivalent of Amazon in the United States, is almost all
• 8:19
  merchants taking down raw silver.
• 8:23
  Only one is for sale with a price of $108.00 per oz and the
• 8:30
  small raw bar is selling for $128.00 per oz.
• 8:34
  That's what they're selling. Silver as of this post on in
• 8:38
  China on their equivalent of Amazon.com.
• 8:42
  Then he brings up some great points.
• 8:43
  It's silver and Green is fetching prices as high as 108
• 8:47
  per oz for raw silver and $128.00 per oz for small raw
• 8:53
  bars in China, the world's largest physical silver market.
• 8:58
  Remember that that's important, right?
• 9:01
  China, the world's largest physical silver market?
• 9:03
  Then the price is effectively the new global benchmark in red,
• 9:08
  since China represents such a dominant portion of physical
• 9:12
  silver demand, right? The price, the pricing mechanism
• 9:15
  for silver, and gold for that matter, is moving to the east.
• 9:19
  The pricing scene there acts like a gravitational pull,
• 9:23
  aligning global silver prices across borders.
• 9:28
  In other words, if if sellers can get these premium prices in
• 9:32
  China, those levels inevitably ripple outward, making the
• 9:37
  Chinese price effectively the price everywhere else in the
• 9:41
  world. That comes from John Little at
• 9:43
  the Silver Academy. He's a great gold and silver
• 9:46
  analyst as well. Guys, think about this with
• 9:50
  silver, what he said, the reason why that's important is because
• 9:54
  what he said is true about silver.
• 9:57
  It is worldwide, OK? It's not just in the United
• 10:01
  States, it's not just in Europe, it's not just in.
• 10:03
  No, it is valuable everywhere. It's one of the oldest but also
• 10:10
  one of the largest markets in the world.
• 10:12
  Silver and gold for that matter, permeate the entire world.
• 10:17
  So if one of the major players, right, China and India for that
• 10:22
  matter, but we'll focus on China, right?
• 10:24
  If the price of physical silver is reaching those prices, what
• 10:28
  he's saying is true. That permeates throughout the
• 10:31
  rest of the world. Buckle up, butter cups, because
• 10:34
  we could be in for a super wild ride.
• 10:36
  Silver is being sucked into China.
• 10:40
  Silver is being sucked into II's.
• 10:43
  They import all their silver and they're one of the world's
• 10:46
  largest importers of silver, if not the largest.
• 10:49
  These countries are setting the silver price.
• 10:52
  This is not just a COMEX and LBO.
• 10:55
  The price of silver on the COMEX and the LBMA.
• 10:58
  Who cares? That's Fantasy Island Silver.
• 11:04
  It's exactly what that is. You know what, while we're on
• 11:07
  that subject, let's go out and take a look.
• 11:09
  We'll we'll do that in a second. We'll go out and take a look at
• 11:12
  the at the silver price. But it's not just that.
• 11:15
  Hold on, There's more in John's article.
• 11:16
  I apologize. He gave us a brief update of
• 11:19
  what is going on in terms of the shortages around the world.
• 11:24
  We'll go through this quickly 'cause this is a fast evolving
• 11:27
  story. The Royal Canadian Mint, OK, and
• 11:30
  td.com in blue, other flagship retail bank and bullion provider
• 11:35
  show every single product is unavailable.
• 11:37
  No silver in Canada. Southern hemisphere shock.
• 11:41
  We got the same thing from the iconic Perth Mint in Australia.
• 11:45
  They stopped selling silver across their entire retail and
• 11:48
  wholesale catalog. Is there more?
• 11:51
  Oh, sure, there's more. Why don't we go to Asahi Fine, a
• 11:55
  major Japanese precious metals retailer with global
• 11:58
  distribution is all sold out of silver.
• 12:02
  Ignots. Ignots we're hearing things
• 12:04
  about about issues in India, right?
• 12:07
  Stopping additional shares of ETS that invest in physical
• 12:13
  silver, stopping them from being created.
• 12:17
  We're hearing stories out of the United States where the where
• 12:19
  the amount of American Silver Eagle production this year has
• 12:23
  been down. I'm not getting in the US.
• 12:25
  There's still not a shortage. I'm telling you every, every,
• 12:28
  all the silver is going from the United States over to China and
• 12:32
  India. So it's absolutely crazy.
• 12:34
  Let's switch over to gold for a second, my fellow basement
• 12:37
  dwellers, because gold is the granddaddy of precious metals,
• 12:45
  right? Gold is the leader.
• 12:47
  And when we've got another major bank now talking about $5000
• 12:53
  gold, we, we want to investigate this.
• 12:55
  Let's quickly go out and see what so she ought generale.
• 12:59
  The big French bank is telling us to expect from gold.
• 13:05
  And here we go. This came from metals and
• 13:08
  miters. Sock Jen, all that glitters is
• 13:12
  fear is $5000 Gold is now increasingly inevitable.
• 13:18
  Guys, this these are the biggest financial institutions in the
• 13:21
  world saying this right, two paragraphs.
• 13:23
  I want to read you in purple conservative projection of the
• 13:27
  yellow metals. Medium term.
• 13:30
  Medium term, easy for me to say. Investment demand suggests the
• 13:34
  price could reach $5000 per oz by the end of next year,
• 13:37
  according to commodity analysts at Societe Generale.
• 13:43
  The French banking giant's latest commodity Research
• 13:46
  research report was published on Monday.
• 13:49
  An analyst said that the gold price, excuse me, the gold price
• 13:55
  appears poised to gain another $1000 in relatively short order.
• 14:02
  Think that's up? Nope.
• 14:03
  We got OK, Here we go. This is good.
• 14:05
  Buckle up in red, they said. Quote.
• 14:08
  We now see prices reaching 5K per oz for gold by the end of
• 14:12
  2026 as the rate of flows has surpassed our initial
• 14:16
  assumptions. Talking about investors moving
• 14:19
  into ETFs despite having no clarity on positioning of hedge
• 14:23
  funds, so they don't even know what the big hedge funds are
• 14:26
  doing. We have, we have observed what
• 14:28
  can only be described as extremely strong, admittedly
• 14:33
  higher than we forecasted positive ETF flows in the last
• 14:40
  few weeks. Why is this increase in flows
• 14:43
  happening now? We have previously noted a
• 14:46
  strong relationship between ETF flows and uncertainty level
• 14:49
  since the Trump victory in November and believe for now
• 14:53
  this is to be a critical factor in understanding part of the
• 14:58
  price action everywhere we go. OK.
• 15:01
  And now other big names, more evidence, even more evidence,
• 15:07
  guys. It's it's the big financial
• 15:09
  institutions, it's the world central banks.
• 15:12
  It's I mean, you name it, everywhere we look, we're
• 15:15
  getting evidence. You want more evidence?
• 15:17
  Here's more evidence for you. And hold on here.
• 15:24
  Things got out of order. Here we are.
• 15:26
  I believe this is it. Yes, from Wall Street, Mav.
• 15:29
  And I'm going to tell you why getting this news from Wall
• 15:33
  Street NAV is a little bit shocking, he said.
• 15:36
  If you don't already own physical silver, it's likely too
• 15:41
  late to get more. Globally, silver mines produce
• 15:44
  less silver per year than is consumed by industry.
• 15:51
  We already knew that. We've been consuming the above
• 15:54
  ground reserves for many years. The game is ending.
• 15:57
  OK, we knew all that. But what's important here and
• 16:00
  the reason why I'm showing you this is this right here.
• 16:03
  When we go over his profile on X, this person has 1.6 million
• 16:10
  followers and he's not a gold and silver bug, he's not a gold
• 16:15
  and silver maxi. He's more he describes
• 16:18
  themselves at some self as finance, economics, news, memes
• 16:23
  and and in that these are big, big names that aren't
• 16:29
  traditional gold. These are new people getting new
• 16:32
  exposure out there for the gold and silver community.
• 16:37
  And then of course, there's this, right, Max Kaiser, who
• 16:41
  many of you may remember years and years ago, eight years, nine
• 16:45
  years, 10 years ago was the biggest gold and silver Maxi, a
• 16:49
  well known celebrity in the precious metal sector who then
• 16:53
  went to crypto and now is re just recently come back and is
• 16:59
  talking about $500 silver. There's a tweet from him, right?
• 17:04
  How many followers does Max have, I wonder?
• 17:07
  Only 650,000 followers? Hold on one second.
• 17:12
  I'm going to take a quick drink of water.
• 17:14
  My voice instrument is malfunctioning.
• 17:24
  And it's important we recognize this, right?
• 17:27
  People that have one that like between Max Kaiser and the last
• 17:31
  person we looked at, they have 2 million people following them on
• 17:35
  the X platform. OK, And then let's look at some
• 17:38
  crazy news. On Monday night, they smashed
• 17:41
  down the silver price, those good people at the Comex and the
• 17:45
  LBMA decided it was time, right, to try to push the silver price
• 17:49
  down. You were likely asleep, right?
• 17:51
  In the United States, States, it was like 1 or 2:00 in the
• 17:54
  morning. But what is absolutely shocking
• 17:57
  and incredible about this is the amount of paper silver that they
• 18:02
  traded in an attempt to tamp down, excuse me, to push down
• 18:07
  the silver price. Boy, if we're not having
• 18:11
  technical problems today, I'm having voice problems.
• 18:13
  But let's dig into this. This comes from the bubble
• 18:17
  bubble report. Jesse Colombo, one of the best,
• 18:21
  one of the most respected. Let's pull it up here.
• 18:24
  There he is, the bubble bubble report sub stack.
• 18:30
  And he says Silver maintains its breakout despite a turbulence.
• 18:34
  And there's two key things we want to look at in this report
• 18:37
  from Jesse. And this is just the free
• 18:39
  section of his sub stack. But before we get into something
• 18:44
  that's shocking, the shocking numbers, let's do a quick review
• 18:48
  of the beautiful 1980 Hunt Brothers spike, right?
• 18:52
  And the 2011 spike that created a massive cup, then we had a
• 18:57
  handle and guys right right here, as he says, and he shows
• 19:02
  on this chart and you've seen it, but we can't look at it
• 19:04
  enough. We have broken out of the cup
• 19:07
  and handle the most epic, most reliable technical analyst chart
• 19:13
  pattern in the history of the world.
• 19:14
  That's one for the textbooks. And there's an extra bonus on
• 19:18
  top that the longer the period of time that the cup and handle
• 19:21
  forms, the more reliable, the more powerful the breakout will
• 19:25
  be. But he said this on about what
• 19:28
  happened on Monday night. Silver ended Monday on a strong
• 19:34
  note, with the COMEX silver futures finally breaking above
• 19:37
  the $50 level in reaching as high as approximately 50 to 50
• 19:41
  per oz. But then a sudden and aggressive
• 19:44
  price slam occurred starting at roughly 1:20 AM New York time.
• 19:51
  This occurred well outside regular trading hours when most
• 19:54
  traders were tucked away comfortably and asleep.
• 19:58
  Liquidity was very, very thin in purple.
• 20:02
  At the moment, at that moment, I'm sorry.
• 20:04
  At that moment at 1:20 AM, at least 20,000 silver future
• 20:09
  contracts, also known as paper silver or fantasy island silver
• 20:14
  paper make believe silver were dumped onto the market.
• 20:18
  This triggered a sharp sell off that drove the price below the
• 20:22
  key $50 level. So in the middle of the night
• 20:25
  early Tuesday, yesterday morning silver went below $50 per oz.
• 20:29
  With silver sinking is low is $48.75.
• 20:34
  Within just one hour, 1 hour, that volume of contracts
• 20:41
  represented 100 million Troy ounces of silver, or nearly 12%
• 20:50
  of global annual production. In one hour, in an attempt to
• 20:55
  beat down the silver price, they traded one hour.
• 20:59
  They traded the equivalent of 12% of the global annual
• 21:04
  production of all the silver miners of silver, he says.
• 21:08
  In my view, this was a deliberate price suppression
• 21:12
  effort orchestrated by major bullion banks such as JP Morgan
• 21:16
  and UPS. You can read more at the At the
• 21:20
  Bubble Bubble sub stack. It's a great article.
• 21:23
  Jesse is a great author and I thank him for providing us with
• 21:27
  that incredible data. One hour, right?
• 21:30
  One hour they trade what? And there's another way to think
• 21:34
  about it. In one hour, right?
• 21:36
  They traded one in eight, one in eight oz that will be produced
• 21:43
  over the entire year by the global, maybe 1 and 8.2, but you
• 21:48
  get my point by the global silver mining sector.
• 21:51
  And did they win? Let's go take a look.
• 21:53
  Let's see. Do I have CNBC up here?
• 21:56
  I think I do. Let's go take a look because
• 21:59
  let's see where silver is right now.
• 22:01
  You know what, first, let's go out to Kitco and look at the
• 22:04
  spot price of silver. Silver's up a dollar right now
• 22:10
  at $52.60 on Kitco. This is the world spot price.
• 22:17
  So this would tell us what the price of silver is right now for
• 22:20
  immediate delivery 5258. And if we go out to the futures
• 22:26
  price, we are at $51.47 fifty, $1.50 basically guys we still
• 22:37
  are in a state of backwardation, meaning that the spot price make
• 22:40
  sure I got that right. Yes, the spot price is still
• 22:46
  about a dollar more than what we see here in the futures market.
• 22:51
  And we know this is the futures because of this right here,
• 22:55
  right. It's the December contract.
• 22:58
  So this is a silver for delivery in December.
• 23:01
  But while we're at out here looking at the chart, let's just
• 23:05
  there's a one year, that's the one year chart of silver.
• 23:09
  Wow, what a beauty. OK, steady increase.
• 23:12
  But even if we go out five years, was there a spike?
• 23:15
  Was there a sudden increase in the silver price that we have to
• 23:18
  be afraid of a a sudden downdraft?
• 23:21
  Let's see what things look at when we broaden out, man.
• 23:24
  OK, we can't look at this enough really.
• 23:28
  Starting when, oh, maybe July, maybe about 3 years ago, depends
• 23:33
  on when you want to start, but just a really beautiful
• 23:37
  increase. Now the rate of increase here
• 23:40
  certainly has gone up quite a bit, but I would not qualify
• 23:43
  that as being a spike. The reason we want to stay away
• 23:47
  from let me draw it in blue so it matches the the chart here.
• 23:53
  If that blue line, you know, had gone like this, right, a sudden
• 23:58
  spike up, this would have been the next step.
• 24:01
  Anything that spikes straight up.
• 24:03
  But as you can see again, we've had a relatively consistent and
• 24:09
  long term increase in the silver price, right?
• 24:13
  This right here a, a spike up that would be a squeeze, a
• 24:18
  silver squeeze like we had in 1980s type type range or it was
• 24:22
  driven on speculation or we had in 2011 when I was driven on
• 24:26
  speculation. What we have instead, let me
• 24:29
  erase some of this with that red line that you're looking at is
• 24:33
  what I would like to call a squeeze, right?
• 24:38
  A long term, a steady increase in the price of silver, not a
• 24:46
  sudden upward, you know, violent move up.
• 24:49
  Hey, I do want to say thank you to channel sponsor First Mint
• 24:52
  for sponsoring the Ron's basement gold and silver
• 24:55
  content. You can see their logo right
• 24:57
  there. They're owned by First Majestic
• 24:59
  Silver, who mines silver in Mexico, ships at the First Mint
• 25:05
  in Las Vegas, NV, and then it goes directly to you.
• 25:08
  From the mind to the meant to you.
• 25:10
  They've got great selection. Check them out at their website.
• 25:13
  First meant calm. All right, let's get 200 thumbs
• 25:17
  up, guys. We got 1000 people on here, and
• 25:19
  I'll ring the gong. Thank you.
• 25:21
  Thumbs up, please. Thank you.
• 25:23
  Great. But first meant great selection,
• 25:25
  great prices, free shipping. Last time I checked, on any
• 25:29
  orders over $299. It's a company you can trust,
• 25:33
  ultimately headed by Keith Neumeyer.
• 25:35
  Oh, and there's a discount code that you can use.
• 25:38
  VIP. Very important person.
• 25:41
  RB Ron's Basement VIP RB And of course, thank you to 1st Mining
• 25:47
  Gold. It's the stock I owned long
• 25:49
  before they sponsored my channel.
• 25:51
  Their development stage gold company in Canada.
• 25:54
  They have two huge projects, Dupar K in Quebec and Spring
• 25:58
  Pull in Ontario. You can learn more about them at
• 26:01
  firstmininggold.com. Don't forget I'm not a financial
• 26:05
  advisor. Stocks, metals, bonds, real
• 26:08
  estate, cryptocurrency, you name it, Everything is risky.
• 26:11
  Do your own research and always please be responsible with any
• 26:16
  financial or investment decisions that you may or may
• 26:20
  not. OK, All right, we got the 200
• 26:23
  thumbs up, but we got more to talk about, guys.
• 26:26
  We got a lot more to talk about. We even have this came out a day
• 26:29
  or so ago. I don't have an update on it for
• 26:32
  you, but this is what's this is what this is interesting.
• 26:35
  And there's a big reason why I find this very, very
• 26:38
  interesting. This came from Brian Kuzmar
• 26:42
  right now. Wait, 'cause there's there's a,
• 26:45
  a reason why this is a little bit shocking.
• 26:47
  He says this is crazy. I've just suspended all silver
• 26:54
  sales at my company, commercial rare coins and precious metals.
• 26:59
  This has never happened to me before not even in 1980.
• 27:05
  Now this was as of October 13th. So until Monday 3 reasons I
• 27:11
  cannot hedge, cannot find product and cannot figure out
• 27:15
  premiums. Don't sell folks.
• 27:17
  OK, he says don't sell folks. Now why is this important?
• 27:21
  Because if you go over his profile, what you see is he's a
• 27:25
  nationally known second generation precious metals and
• 27:29
  rare coin dealer since 1977, wholesale and retail buying,
• 27:36
  selling and he's an expert in physical markets.
• 27:40
  He's been at this since 1977. And he says right there one more
• 27:44
  time, this has never happened to me ever, not even in 1980.
• 27:51
  I want to share with you what we have coming down the road,
• 27:55
  predictions that I agree with, OK, with the overall market.
• 28:00
  Look, we had a, but we had a, we had a, we had a, we've had
• 28:03
  bubbles in the past that have burst.
• 28:05
  OK guys. What we have now, and there's a
• 28:08
  reason why this relates directly to the precious metals is an
• 28:11
  everything bubble, if you heard that term yet everything is in a
• 28:16
  bubble. And the reason why is because we
• 28:18
  have a bubble in the debt markets and we have a bubble in
• 28:23
  the US dollar. We can look at the US debt clock
• 28:26
  and clearly see we're approaching $38 trillion in
• 28:30
  debt. We know that the dollar is now
• 28:32
  essentially based on that debt. Okay, any new dollars that are
• 28:37
  being created, you can I think safely say are being created
• 28:41
  through debt, right? We are in adept bubble where
• 28:44
  everything like we had the tech bubble in the in what year 2000,
• 28:48
  we had the real estate bubble and 08 the crash.
• 28:50
  We've had other bubbles in the past.
• 28:52
  Right now we are in an everything bubble like the in
• 28:56
  the reason it's an everything bubble is because the, the, the
• 29:01
  mechanism that we used to price everything, the US dollar
• 29:05
  itself. If you agree with me and what
• 29:08
  some other big analysts are saying, it is the bubble, the
• 29:12
  dollar is the bubble. So just be prepared now, silver
• 29:15
  and gold, right? They've been around a few more
• 29:19
  years than any Fiat currency, paper money, U.S. dollar, the
• 29:25
  the the Venezuelan, what is it Bolivar, the euro, the yen,
• 29:29
  anything gold and silver have been around a lot longer than
• 29:32
  any of those. So we will likely be OK.
• 29:36
  But I wanted to introduce to you that concept that right now the
• 29:39
  bubble that we have is the US dollar is the debt in the world.
• 29:44
  OK And when it if it and I don't want to see apocalypse.
• 29:48
  I don't like the situation that we're in, but when it rectifies
• 29:51
  itself, what we're likely going to see, right, is maybe not a
• 29:55
  quote, UN quote crash in the stock market, right?
• 29:59
  But we may see a sudden downdraft or a or maybe a who
• 30:04
  knows, right? I'm not saying we're going to
• 30:06
  wake up to a worthless dollar. I'm not going to preach zombies
• 30:09
  walking around or anything like that.
• 30:11
  But instead of the real estate prices crashing, instead of the
• 30:15
  stock market crashing, the value of the dollar could go down
• 30:20
  significantly, which would be like very high inflation, right?
• 30:24
  That's why people like you, people like me like to protect
• 30:28
  ourselves with silver and with gold.
• 30:30
  Wow, we've got well over 1000 people on this live stream.
• 30:34
  Over 200 thumbs up. Thanks to my lovely assistant
• 30:37
  upstairs, Susie. Everybody say hi to Susie.
• 30:40
  Let's ring the gong 3 times like we always do.
• 30:47
  One of our goofy traditions. Hey, thank you for joining me.
• 30:50
  Please subscribe to the channel. We appreciate when you join us
• 30:54
  down here in the basement. It's a wonderful, wonderful
• 30:56
  community. Leave a comment in the comment
• 30:58
  section. It'll give us a chance to learn
• 31:01
  from each other. But most important, be well and
• 31:04
  I'll look forward to seeing you next time down here in the
• 31:08
  basement.