Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ⚡SILVER Investor⚡- THIS is Huge! - (Massive WARNING and News Update for Gold & Silver Price)

Transcript

⚡SILVER Investor⚡- THIS is Huge! - (Massive WARNING and News Update for Gold & Silver Price) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  We have a major warning from Elon Musk, which could be a
• 0:04
  major good thing for the silver price and the gold price.
• 0:08
  Also, big powerful voices are saying the S word.
• 0:12
  No, not stagflation, although they're saying that, but they're
• 0:15
  saying the squeeze word, silver squeeze.
• 0:19
  We're going to look at that as well.
• 0:20
  Thank you for being here. Please subscribe to the channel.
• 0:23
  Let's do a recap on where the silver and gold price are right
• 0:27
  now because we are living through some extremely
• 0:30
  interesting times to be precious metals investors.
• 0:34
  Might I say congratulations to you if you've been holding gold
• 0:38
  and silver for years or maybe even decades.
• 0:41
  But let's go out and take a look at the metals prices and see
• 0:45
  what they are telling us right now.
• 0:48
  We will start here with gold on the futures.
• 0:51
  I think this is December, yes, the December futures contract
• 0:55
  almost $3700. Now, what's important to see
• 1:00
  here, guys, and we will harp on this all day long, is the fact
• 1:04
  that the started back, oh boy, around probably three years ago.
• 1:10
  And do you see this trend? I mean, it is just absolutely
• 1:15
  beautiful. Where do you think this ends,
• 1:18
  huh? I mean, now we have major people
• 1:21
  talking about 5000. If you can read my writing, it
• 1:27
  doesn't matter. You can read it.
• 1:29
  You know what we're talking about $5000 gold.
• 1:32
  But it's even more interesting when we look at what's going on
• 1:34
  with silver. Let's go out to the silver
• 1:39
  again, December 25, contract price, futures price from CNBC.
• 1:45
  And again, we're looking at a five year chart here of silver.
• 1:49
  But what gets very interesting, let me get this yellow stuff off
• 1:53
  the screen. Hold on here.
• 1:56
  Here we go is again, right back in around or just about 3 years
• 2:03
  ago, this started and we're seeing the exact same pattern.
• 2:08
  OK, where does that lead? Because we hear all types of
• 2:11
  people talking about $50 silver now we're hearing it everywhere.
• 2:16
  It's becoming kind of common, a common theme in the metals
• 2:20
  market where we're having top annals where we were, we were
• 2:23
  considered crazy, we were considered nuts for talking
• 2:28
  about $50 silver just a year ago, just two years ago.
• 2:32
  Right now we now we talk about and we're hearing a lot more
• 2:35
  people also talk about $100 silver.
• 2:38
  The key here when we look at this chart though, is the slow
• 2:41
  and steady progress. What we don't see on this chart
• 2:46
  is a spike, right? Because here, let me go back,
• 2:49
  let's do that again. We don't see a spike up in the
• 2:53
  price because anytime that anything goes on a straight up
• 2:56
  spike, it almost always comes down.
• 2:59
  Look, I'll go on record saying it right now.
• 3:01
  I know people are talking about silver squeezes and we're going
• 3:04
  to listen to one of the top analyst and even Kitco that
• 3:07
  brought up the squeeze word. But I'm happy with a squeeze, a
• 3:15
  slow, steady increase in the silver price, OK, The big
• 3:22
  squeeze spike, I know it's exciting and I won't argue with
• 3:25
  it. I'll be as excited and full of
• 3:28
  adrenaline as you guys are. If the COMEX in the LBMA break
• 3:32
  and we're going to talk more about the COMEX in the LBMA
• 3:34
  later, and we're going to get the Elon Musk next.
• 3:37
  But guys, a slow, steady increase.
• 3:40
  Hey, if we get $50 silver by Christmas, we'll be happy, OK?
• 3:46
  If we get $60.60, $5 by April Fool's Day like I predicted,
• 3:51
  we'll be happy. And as the we got, we got the
• 3:56
  world billionaire, I don't know if he's a billionaire, but the
• 3:59
  guy that owns $500 million, probably almost $600 million now
• 4:03
  worth of silver. One guy, David Bateman, we're
• 4:07
  going to listen to what he has to say again later as well.
• 4:10
  The most important thing I have to say to you, though, right now
• 4:12
  is thank you for choosing to join me down here in the
• 4:15
  basement. It's a big deal when you come
• 4:18
  here. We love, it's like Mr. Rogers
• 4:20
  Neighborhood for precious metals.
• 4:22
  We love to talk about silver and gold.
• 4:24
  You're important, you matter. Your time is valuable.
• 4:27
  Thank you for being here. Please, you can subscribe to the
• 4:30
  channel. We still have that big special
• 4:32
  going on subscriptions, they are free.
• 4:35
  All you got to do is press the button.
• 4:37
  Now let's listen to this big warning from Elon Musk.
• 4:41
  They can be very, very good news for those of us who've decided
• 4:45
  to to protect ourselves with precious metals and we'll go out
• 4:50
  to fortune. I'm sorry, Forbes first 3
• 4:54
  letters were correct. He says we're toast as Tesla CEO
• 4:59
  issues silver. Serious.
• 5:02
  I say silver. So much serious, $37 trillion
• 5:05
  warning. And let's listen to what Elon is
• 5:07
  saying. Musk has issued yet another
• 5:10
  warning over the spiraling 37 trillion U.S. debt pile.
• 5:15
  This is real guys, and this is going to have real impact.
• 5:18
  But listen to what he says, man. A lot of weird advertisements
• 5:22
  and things. There we go.
• 5:24
  I got this prepared for you in yellow.
• 5:26
  At the end of the day, Musk says our national debt, which is
• 5:31
  insanely I the interest payments alone exceed the the Defense
• 5:36
  Department, I guess, sorry, War Department budget and it's
• 5:40
  rising. So if AI and robots don't solve
• 5:44
  our national debt, we, we're, we're toast, Must said during an
• 5:48
  interview with the All In Summit.
• 5:50
  But wait, there's more. He says The government is
• 5:52
  basically unfixable. Here's a guy who spent months
• 5:56
  right at the beginning of the current Trump administration
• 5:59
  trying to fix our government, basically saying, hey, they
• 6:02
  can't fix this. They aren't going to fix this.
• 6:04
  What he's basically telling us is that the national debt will
• 6:08
  continue to spiral higher. And guys, when people stop
• 6:11
  buying the debt in the in the interest expense continues to,
• 6:16
  it's going to be, it's a spiral. That's all it is.
• 6:19
  I can pull up the US debt clock for you, but you've seen it a
• 6:21
  million times. You know, the higher the debt
• 6:23
  goes, the higher interest rates go because nobody is willing to
• 6:27
  buy the debt because they can work a calculator, OK, That
• 6:31
  makes the interest rates go up. That makes the interest expense
• 6:34
  go up even more, which makes the deficit go up even more, which
• 6:38
  makes the level of debt go up even more.
• 6:40
  It turns into a dirty, nasty spiral and is the dollar goes
• 6:44
  down in value, right? And, and, and, and if we choose
• 6:49
  to use the US dollar as the unit of measure for our silver and
• 6:53
  gold, the priced in dollars, silver and gold will continue to
• 6:57
  go up. That's my opinion.
• 6:59
  I'm not a financial advisor. Always be responsible with
• 7:02
  anything you do, but that's what I see happening.
• 7:04
  And because the laws of mathematics show no forgiveness
• 7:08
  on the altar of truth. Back to this article quote.
• 7:13
  This is some interesting quotes. This is from Robert Mullen Asset
• 7:16
  allocators. That means big people with big
• 7:18
  money who are buying investments are entering a period where they
• 7:22
  are justifiably concerned about the levels of both deficit
• 7:26
  spending as well as questioning central bank's priorities and
• 7:30
  willingness to truly fight inflation.
• 7:33
  Jerome Powell is getting ready to cut interest rates next week.
• 7:37
  While we have high inflation already, that's because we are
• 7:42
  in a stagflation environment. He has to choose between the
• 7:46
  economy crashing or or skyrocketing inflation devaluing
• 7:50
  the US dollar, and he's making the latter choice.
• 7:53
  He is going to go with destroying the US dollar.
• 7:58
  And again, that will make gold and silver do very, very well
• 8:01
  here. It says gold's 40% rally this
• 8:03
  year has left Bitcoin and stock indexes in the dust.
• 8:07
  I think I got one more says our current situation, quote UN
• 8:11
  quote, is 1, where both gold and U.S. stock indexes are at all
• 8:15
  time highs precisely because the money printer is about to get
• 8:20
  flipped back on. And guys, you know, when the
• 8:23
  money printer gets flipped on, we haven't seen anything, I mean
• 8:28
  anything yet. We're going to be happy we own
• 8:32
  this. And you know what, Speaking of
• 8:33
  this, this is a 1 oz silver round from channel sponsor First
• 8:38
  Mint. Beautiful, beautiful.
• 8:41
  OK, there's their logo right there.
• 8:43
  They create world class silver bullion products at their mint
• 8:47
  in the United States in Las Vegas.
• 8:49
  But what's real interesting is that First Mint is owned by
• 8:52
  First Majestic Silver, the silver mining juggernaut.
• 8:56
  So First Mint in Las Vegas gets their silver directly from the
• 9:01
  Met the Mines, excuse me, of First Majestic Silver in Mexico
• 9:06
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  OK, directly to you. Super, super great company.
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  And I want to show you their website because sorry, I don't
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  Yes, we do, because here we go, right?
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• 10:03
  right? Somebody who's got massive
• 10:04
  respect in the silver industry, Keith Newmeyer, Check them out.
• 10:08
  You'll be glad that you did. But what about a silver squeeze?
• 10:11
  Do we have big powerful is Kitco?
• 10:13
  Did Kitco put the word squeeze and the headline of one of their
• 10:17
  articles? Let's go out and and see what's
• 10:20
  happening here because this is getting very, very interesting.
• 10:24
  This is an article from our friend Neil's over at Kitco.
• 10:28
  Get that on the on the screen there's Neil's always putting
• 10:30
  out great content and there it is right in the the the title of
• 10:35
  the article. The silver squeeze end game
• 10:38
  rally is approaching as the LBMA, the London Bullion Market
• 10:42
  Association, those fine boys and girls over in London, England
• 10:46
  who've been setting the price of silver and gold.
• 10:50
  Some people might speculate manipulating, but I'm not saying
• 10:53
  anything for decades and decades.
• 10:56
  LBMA stockpiles could be depleted in seven months.
• 10:59
  But the cool thing here is this is from TD Securities and this
• 11:03
  is a bombshell right now. I've got it properly highlighted
• 11:07
  for your viewing pleasure, but I'll read it to you anyway.
• 11:10
  One major bank says silver's momentum could ultimately push
• 11:14
  prices to record highs above $50 per oz.
• 11:18
  Daniel Golly, respected senior commodity strategist at TD
• 11:23
  Securities, warned investors that silver appears to be
• 11:26
  entering the end game of the current cycle.
• 11:30
  Is demand now driven by renewed investor interest eats away at
• 11:34
  the last dregs of above ground stockpiles?
• 11:38
  Think about this. Hold on, I got to come back to
• 11:40
  you. Then we're going to come back
• 11:41
  and read all the other colors. Don't you worry.
• 11:44
  This was something so simple. You ever experienced that in
• 11:48
  life, like the most powerful things, the most true things are
• 11:51
  always very, very simple. And we talked about this just
• 11:54
  about 10 days ago down here in the basement.
• 11:57
  Here's a simple fact. There's that one ounce of silver
• 12:01
  from first meant. But the fact is that today there
• 12:04
  is less of this on the face of the earth than there was
• 12:08
  yesterday because of the silver deficit.
• 12:11
  Think about that. And that's been true every
• 12:14
  single day for what? The last four or five years,
• 12:17
  right now, today, if you own some of this, OK, there is less
• 12:21
  of this on the face of the earth than there was yesterday.
• 12:25
  Sorry. Let's get back to that colorful
• 12:27
  article from our friend Neil's at Kitco in Green.
• 12:30
  In an interview with Kitco News, Golly said that the free
• 12:33
  floating stockpiles and the vaults of the LBMA could run dry
• 12:38
  within seven months. Silver squeeze.
• 12:42
  Silver squeeze. Hopefully it'll be a nice steady
• 12:45
  squeeze, not a big spike. Rocket ship up in blue if
• 12:50
  investment demand picks up now guys, this is super interesting.
• 12:54
  And the reason why is that everybody I talked to all the
• 12:58
  big bowling dealers, everybody will say that in the West,
• 13:01
  especially in the United States of America, demand for silver
• 13:05
  has been lackluster over the past what, 18 months year, OK,
• 13:10
  it's it doesn't have to be like a massive spike in demand.
• 13:16
  All it has to do is get back to normal and that will that will
• 13:20
  create a silver squeeze. OK.
• 13:25
  If in blue, if investment demand picks up as we seen happen in
• 13:28
  previous easing cycles, stockpiles could be depleted
• 13:32
  within four months. Did I read that correctly?
• 13:38
  Stockpiles depleted within four months in yellow the drain in
• 13:44
  global inventory Inventories persist in the years of
• 13:49
  structural deficits, exacerbated by mega themes that should
• 13:54
  continue to attract capital into precious metal ETS.
• 13:57
  Oh, but wait, there's more. And there's a big reason why
• 14:00
  this is very important. The amount of silver being
• 14:04
  produced by the silver mining industry.
• 14:07
  It peaked back in 2016. Peak silver.
• 14:11
  Since then, the amount of silver being produced has gone down.
• 14:14
  Oh, oh, wait, wait, wait. But there's even a little cherry
• 14:17
  on top for us, and that is that because the price of silver has
• 14:21
  been artificially low for decades, there's been very
• 14:26
  limited investment into exploring and discovering and
• 14:31
  developing new silver resources around the world.
• 14:35
  There are very few companies, companies like Keith Newmeyer's
• 14:39
  First Majestic that had the foresight to grow and build out
• 14:43
  during what has been a very difficult silver market in those
• 14:46
  companies, including First Majestic and a handful of others
• 14:49
  that are now positioned are going to do very well.
• 14:52
  But the reality is the overall silver mining industry can't
• 14:56
  just flip a switch. Okay, all right, butter cups
• 15:01
  can't just flip a switch and start making more silver.
• 15:04
  It is going to be interesting. The stars are aligning in red.
• 15:09
  From a historical perspective, when we see this kind of melt
• 15:13
  up, it's difficult to determine what prices can do.
• 15:16
  I think we could easily see $50.00 an ounce in the next
• 15:22
  couple of months. Did he say that?
• 15:24
  Wow, Golly said that with the current momentum, that is how
• 15:29
  prices are tracking. What do you make of that, guys?
• 15:34
  Do you smell? Do you smell panic in the paper
• 15:42
  market, Right? Tomorrow I'm going to talk more
• 15:45
  about what's going on at the COMEX in the LBMA because that
• 15:47
  alone is crazy. The EFP situation, the inventory
• 15:52
  levels, everything. Do you smell panic in the paper
• 15:55
  market, the make believe silver market, right?
• 15:58
  Do you not smell panic in this market, the physical market?
• 16:03
  I'm not going to. I'm not going to sell you first
• 16:05
  mint anymore. I'm just showing you this
• 16:08
  silver. I can feel it.
• 16:09
  It's not shaking. It's not scared.
• 16:11
  OK, you're not shaking, you're not scared.
• 16:14
  But what about the billionaire? What's he saying?
• 16:16
  This is crazy and it's true. That's another one of the stars,
• 16:22
  and there's more stars. We can't even cover them all.
• 16:24
  But the billionaire who owns over $500 million worth of
• 16:28
  silver, 13 million oz, almost, last I checked, 12.8 million.
• 16:34
  That's a big stack. He might have you beat, but
• 16:37
  let's listen to what he's saying and talk about why this is so
• 16:40
  critical and so important. Let's go out here.
• 16:44
  Hold on, having some tech issues the last few days with streaming
• 16:48
  software driving me a little crazier than I already am.
• 16:52
  David Bateman, if you don't know that name, he's the new Hunt
• 16:56
  Brothers, right? He's the new Warren Buffett in
• 16:58
  the world of silver. Don't forget, Warren Buffett
• 17:01
  bought massive amounts of silver.
• 17:03
  Warren knew, and that was decades ago.
• 17:06
  I think they don't let him buy it anymore or something.
• 17:08
  I don't know. There's all types of speculation
• 17:10
  in that regard. But listen to what David Bateman
• 17:12
  says, OK? And then we're going to talk
• 17:14
  about why this is so important, David Bateman says.
• 17:16
  Imagine how high the gold and silver price would have gone in
• 17:21
  1980. Remember, we hit $50 silver in
• 17:26
  1980. If roughly half the world was
• 17:30
  moving away from the dollar like they are now into our gold.
• 17:34
  Europe was headed to war against Russia like we have now.
• 17:38
  Unfortunately, the United States was at the brink of civil war
• 17:43
  with a debt to GDP ratio of 119% and silver was in a massive
• 17:50
  structural deficit. The Great Reset is nigh.
• 17:55
  Why is that so important? Very simply guys, because what
• 17:59
  happened to silver in 1980 was one thing, but the overall
• 18:03
  conditions which which Mr. Bateman so eloquently pointed
• 18:07
  out in his post on the X, the overall conditions now are way
• 18:12
  worse way on every level. So just imagine when we think
• 18:16
  about 100 one $150.00, two hundred $300 silver, how real
• 18:23
  possible that is. And think about this, think
• 18:25
  about there are so many stars that are aligning.
• 18:28
  My head feels like the universe, OK, Think about the gold to
• 18:32
  silver ratio where it is right now.
• 18:35
  Think about the very simple fact, right that what would the
• 18:38
  silver price just alone, right, $50 and $1980 that was $1980.
• 18:45
  What is that? Today I hear some people say
• 18:47
  close to $200 silver. So it's going to be exciting.
• 18:51
  It's going to be interesting. I want to say thank you to our
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  in the ground in Canada. I stacked some physical silver.
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  I don't keep it here at the house, but I've never been a big
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  stacker of gold. I always bought over because
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  personally I thought it was a better value, but let's just say
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  you know what the gold prices done lately.
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  Nonetheless, I do own gold mining stocks and with first
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  mining gold I always felt like I was stacking gold.
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  I just had it because I own the stock in the ground in Canada,
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  right? And gods are the universe's
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  paul.morristheirdirectorofinvestorrelationspaul@firstmininggold.com. And you can tell them that Ron
• 20:23
  from the basement says hello. All right guys, let's move on.
• 20:26
  More going on the more this is all the big names are pointing
• 20:30
  out crazy things about. And then we'll talk about why
• 20:35
  this is important. Okay, Vince Lancey right, a guy
• 20:39
  that is loved and let's get the right screen up, put out a very
• 20:43
  simple but powerful post on the X OK, He said, quote, this came
• 20:49
  from Bank of America, Botha Bank of America shifting, shifting
• 20:56
  just 1% of global reserve assets into silver could be would be
• 21:03
  the equivalent of five years worth of silver supply.
• 21:07
  Think about that. We talked about this.
• 21:09
  Why is that so important, right? It's the law of small numbers.
• 21:13
  The silver market in particular is so small that if just a tiny
• 21:18
  amount of money comes into the metal of the overall world,
• 21:22
  money that's invested, world reserve assets, financial,
• 21:24
  however you want to look at it, it takes just a minuscule little
• 21:28
  shift, a tiny little shift. And that's like opening the
• 21:32
  floodgates. It's like trying to drain Hoover
• 21:36
  Dam with a garden hose. And I think it's Doug Casey who
• 21:38
  said that. I often forget to give him
• 21:40
  credit for that. Thank you, Mr. Casey, because
• 21:42
  that's the reality, guys. That's another one of the stars
• 21:45
  that's aligning. Rick Rule talks about it all the
• 21:48
  time that whatever 1% of the world's financial assets are in
• 21:53
  precious metals and precious metal mining stocks and that
• 21:56
  over the, the course of the last 50 years that number is and
• 21:59
  much, much higher. If we go from 1% to 3%, which is
• 22:06
  still historically low, right? But 1% to 3%, that's like 3
• 22:11
  times more money in the precious metal sector.
• 22:14
  This, this is, is I can't, I can't contain my excitement for
• 22:19
  what's going on right now in precious metals.
• 22:21
  Are you feeling it? I hope you are.
• 22:23
  I hope you're feeling the camaraderie.
• 22:24
  I hope you're enjoying your time down here in the basement.
• 22:27
  Don't forget, subscribe to the channel.
• 22:28
  I won't beg you to do that again, but all you got to do is
• 22:31
  press subscribe. No money is going to disappear
• 22:34
  from your bank account or anything like that because it's
• 22:36
  free. OK, but now we got this.
• 22:38
  Max Keiser. You know who Max Keiser is?
• 22:41
  When I look, I've been following the medals for decades.
• 22:43
  Max Keiser, as I remember him, was a gold and silver maxi for a
• 22:48
  very long time, kind of a flamboyant character, but
• 22:52
  somebody who was influential within the precious metal
• 22:54
  sector. Then he moved over to crypto and
• 22:56
  Bitcoin, OK, but now he's saying something again about silver.
• 23:01
  And just again, I'll reiterate this point, guys.
• 23:04
  More and more people coming into the precious metals market and
• 23:10
  see if I can get this up. Here we go.
• 23:13
  Max Bitcoin says sorry. Once silver breaks $50, a
• 23:19
  $150.00 is certain number 12 reasons why we're going to pay
• 23:25
  attention to that is that's a lofty, a lofty forecast.
• 23:31
  That's the word I'm looking for for the silver price.
• 23:34
  But #2 remember, right, if we go out and look at his, he's a,
• 23:38
  he's a crypto guy, right? And crypto people, I've been in
• 23:42
  crypto now for about 9 months, as well as silver and gold.
• 23:45
  I love silver and gold. I love crypto.
• 23:47
  Crypto people are very interested in precious metals.
• 23:51
  That has been something that's been very, very surprising to me
• 23:54
  as well. But yeah, he's, he is.
• 23:57
  And then he had something else to say about silver.
• 23:59
  Hold on, hold on. Here.
• 24:02
  Printing trillions. He's a sound money guy.
• 24:05
  Anti Fiat. Bear with me.
• 24:09
  Where is it? Where is it?
• 24:10
  Hold on. We're going to look a little bit
• 24:12
  longer because he had something else to say about darn it.
• 24:19
  Oh, here it is right here. OK, the US is sleepwalking into
• 24:23
  a civil war. Bitcoin is unconfiscatable.
• 24:27
  He talks about Bitcoin, but then he says silver is handy currency
• 24:31
  for immediate needs, food and fuel.
• 24:34
  So again, very interesting that Max Keiser is back talking about
• 24:38
  precious metals. I don't follow him super
• 24:41
  closely, but as far as I can tell, this is the one of the
• 24:45
  first time we've had that. Let's go out to Bloomberg and
• 24:48
  see what they're saying. This is mainstream media and
• 24:51
  this is interesting. Again, we're going to cover this
• 24:54
  in more depth in the coming days, but from Bloomberg, not
• 24:58
  Yahoo Finance, but from Bloomberg.
• 25:01
  Silver borrowing cost surge on tariff driven supply jitters.
• 25:07
  OK, here we go. Surging lease rates for silver
• 25:10
  are once again up ending the precious metals market up
• 25:13
  ending. Does that sound like pre
• 25:16
  squeeze? I'm just saying this is from
• 25:19
  Bloomberg, This isn't from some guy in his basement or this
• 25:23
  isn't from some guy who's been talking about the Comex and the
• 25:27
  LBMA collapsing for the last 25 years.
• 25:30
  And, and, and you know, much respect for the people out
• 25:33
  there, including myself, who've been following silver and gold
• 25:36
  for decades. This is though, guys, the reason
• 25:39
  why it's important. This is from Bloomberg, like the
• 25:43
  most respected source for financial information.
• 25:47
  And they're saying that I'm going to repeat.
• 25:48
  Surging lease rates for silver are once again up, ending the
• 25:53
  precious metals markets, with traders fearing the possible US
• 25:57
  tariffs could squeeze already tight supplies in London.
• 26:00
  The LBMA as price dislocations re emerge between key trading
• 26:05
  hubs. And there's all kinds of
• 26:07
  craziness going on out there right now between the LBMA and
• 26:14
  the LBMA, the physical price in London and the COMEX futures
• 26:19
  price. That's called the EFP, the
• 26:21
  extreme exchange for physical. And it's a price differentiation
• 26:26
  that a lot of people follow and it's getting way out of whack as
• 26:29
  well. It let's just say, look, we
• 26:31
  could spend hours and there's a lot of people that would do a
• 26:35
  much better job of that than me. I know my limitations, but I
• 26:39
  understand it and I read about it and there are, let's just say
• 26:42
  the the markets for metals are out of balance.
• 26:45
  They just Bloomberg use the word upending, OK?
• 26:49
  To me, what's next? Are we going to see Bloomberg?
• 26:52
  Kitco said. Squeeze.
• 26:53
  Are we going to see Bloomberg say squeeze?
• 26:56
  Guys, buckle up, buckle up, butter cups, OK?
• 26:58
  Because we are in for a wild, wild ride when it comes to
• 27:03
  what's happening right now in the gold and silver markets on
• 27:07
  many, many levels. Elon Musk is right, we are in
• 27:11
  big financial trouble in the United States.
• 27:14
  Our fiscal situation, right. The debt level like we covered
• 27:18
  is only going to lead the higher and higher gold and silver
• 27:21
  prices. We've got top analyst, OK, from
• 27:24
  TD Securities, Mr. Golly talking about how in seven months or
• 27:30
  even as in short as four months, there could be no more silver
• 27:34
  left, right. And Kitco's calling it a
• 27:36
  squeeze, right? We know the stats, right?
• 27:39
  We know the fact what Bank of America said, right, if just 1%
• 27:43
  of the world's reserve assets went into silver, that we need a
• 27:47
  five years worth of silver supply.
• 27:49
  There's only one way to fix that, one way that we can fix
• 27:55
  that, right? Markets with supply and demand
• 27:59
  dynamics, they only correct through one thing.
• 28:04
  Do you know what it is? It starts with the letter P
• 28:08
  price. Higher price fixes everything,
• 28:12
  $600.00 silver, OK? It would only take two years out
• 28:16
  of the whole massive silver supply.
• 28:19
  So don't be shocked, right? Don't be shocked.
• 28:22
  Again, I don't have a crystal ball, but I'm the guy that sat
• 28:25
  down here during the C-19 crisis when silver hit $1514.00 an
• 28:30
  ounce. I sat down here three years ago,
• 28:33
  right? Three years ago, probably
• 28:34
  exactly today when we were, we were looking at silver price,
• 28:39
  half of what it is right now, $20 per oz, right?
• 28:43
  But we were looking at the big picture, right?
• 28:46
  We were looking at the big picture for the gold price as
• 28:48
  well. And we saw good times ahead.
• 28:51
  Now, if you have some something special, maybe some metals, I
• 28:54
  don't know none of my business, but if you have something
• 28:57
  special that you want to keep safe, maybe you have a safe in
• 29:00
  your house. Maybe you have a safety deposit
• 29:03
  box. OK, but but if you want to do
• 29:06
  what the pirates did, if you want yet another option to keep
• 29:09
  your belongings safe, please right this this company is
• 29:14
  supporting me gotten great feedback, great reviews from the
• 29:18
  community, a dirty man safe. They make these saves that you
• 29:21
  can bury in the ground. And you know what I could go on
• 29:24
  forever about the benefits of that.
• 29:25
  It does keep things safe from fire, flood, all forms of
• 29:29
  natural disaster. But the point I always want to
• 29:34
  drive home is what did those crafty pirates are?
• 29:37
  What did they do right? The pirates weren't like the
• 29:41
  sheeple. No, the pirates were smart.
• 29:44
  They buried their treasure in the ground and guess what?
• 29:46
  A lot of it is still safely stored in the ground today,
• 29:50
  hundreds and hundreds of years later.
• 29:52
  If you want to be like a pirate or you just want to be smart,
• 29:55
  check out Dirty Man Say, wait, I'm going to hypnotize you.
• 29:57
  I've been meaning to do this. I'm going to hypnotize you.
• 30:00
  I'm just joking. Do do your own research, do your
• 30:02
  own due diligence when it comes to anything.
• 30:05
  I only work with companies that I believe in.
• 30:07
  That's my opinion. You form your own opinion, but
• 30:09
  I'm going to, if you ever noticed right there behind me, I
• 30:13
  have a dirty man safe and there's a discount code Ron 10.
• 30:17
  OK, that'll get you a 10% discount, but I'm going to
• 30:20
  hypnotize you with this dirty man safe.
• 30:22
  Hold on one second. There we go.
• 30:32
  Many of you are as old as I am. Remember that they would, what
• 30:35
  would they'd swing a a clock back and forth.
• 30:37
  Anyhow, guys, be ready, be prepared.
• 30:41
  Thank you for joining me down here in the basement.
• 30:43
  OK? We always have a great time.
• 30:45
  We're in a really exciting period for the precious metals
• 30:49
  and the precious metals mining stocks.
• 30:51
  Please subscribe to the channel. Most importantly, take care of
• 30:54
  yourself. Be good and I'll look forward to
• 30:57
  seeing you next time.