Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 SILVER ALERT! - You Can COUNT On It! 🦍🦍 (Gold Price and Precious Metals NEWS Update)

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🚨 SILVER ALERT! - You Can COUNT On It! 🦍🦍 (Gold Price and Precious Metals NEWS Update) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  Today, we have volatility in the silver market, volatility to the
• 0:06
  upside, gold as well. But there's a lot of reasons why
• 0:09
  these prices could go much, much higher in the coming weeks,
• 0:14
  quarters, months and decade. We're going to cover them all,
• 0:17
  but let's run out and see what the big headline is today that
• 0:20
  is driving everything. And that would be as we head out
• 0:25
  to CNBC, the Dow rising 600 points oil retreats on Iran deal
• 0:31
  progress. So of course, as has been the
• 0:34
  the case lately, right, a lot of noise having short term impact
• 0:39
  on the precious metals prices. We're going to look at the long
• 0:42
  term. I want you to consider one big
• 0:45
  thing when we think about long term support for the silver
• 0:49
  price and gold price in regard to what's going on with this war
• 0:52
  in the Middle East and this energy crisis.
• 0:55
  Number one, we could have more noise, but number 2, the
• 0:59
  economic impact, the inflation impact of what has happened
• 1:03
  still has not really been felt all throughout the world.
• 1:07
  And inflation is what will drive the price of precious metals for
• 1:12
  the coming decade. You can look at all the other
• 1:14
  fancy crazy stuff and we'll, we'll look at some of that
• 1:17
  together, no doubt. But guys, at the end of the day,
• 1:21
  it's all about inflation, devaluation of the Fiat
• 1:25
  currencies and whether or not they come to a truce this time
• 1:28
  or not. The cat is out of the bag.
• 1:31
  The ship has sailed, not through the Straits of Hormuz yet, if
• 1:35
  you get what I'm saying. But but the inflation, the, the
• 1:39
  economic impact, it, it cannot be reversed at this point.
• 1:43
  Rafi Farber brings up something very interesting about silver
• 1:49
  and we've been hearing a lot about this lately, but he puts a
• 1:52
  bit of a new spin on it. This came from Rafi Farber.
• 1:56
  An e-mail that he sent out this morning for his in game investor
• 2:01
  says trading volume in silver future futures drops off the
• 2:06
  proverbial proverbial Cliff following open interest.
• 2:10
  This is interesting. OK, Trading volume has been
• 2:14
  collapsing. We're going to look at some more
• 2:15
  data on that as well. But why is this actually a good
• 2:19
  thing for the silver price? He says.
• 2:21
  I've been tracking open interest, but not volume so
• 2:25
  much. Well, trading volume in silver
• 2:28
  futures has just dropped to the lowest level since 2007.
• 2:34
  That's like 19 years at at less than 27,000 contracts traded for
• 2:40
  the day. We've not seen this number at
• 2:43
  all in nearly 20 years. I drew a black line where the
• 2:47
  volume is now. See the top right corner for the
• 2:50
  exact number. And here's the chart that he's
• 2:52
  talking about, guys, we are way down here, OK?
• 2:58
  In terms of silver Futures Trading volume, look at where
• 3:02
  it's been over the last number of years.
• 3:04
  That is a like massive collapse. Why is that important?
• 3:09
  He says with open interest at Erie Lowe's and now trading
• 3:12
  volume dead in the water, the silver's futures market is not
• 3:16
  equipped to handle a sudden burst of demand.
• 3:20
  For whatever reason, like the resolution of the Hormuz
• 3:23
  situation, which may have just happened.
• 3:26
  We are seeing what used to be wild swings in silver every
• 3:31
  single day now considered normal.
• 3:34
  This is this is a consequence of very low liquidity.
• 3:38
  So the take away here, two things.
• 3:42
  Number one, people are moving away from the paper futures
• 3:46
  markets, right? People are moving more toward
• 3:48
  physical. We got a great article we're
• 3:50
  going to look at tomorrow that points out that in no uncertain
• 3:54
  terms that China and India are now setting the price for
• 3:58
  silver. But with all this decreased
• 4:00
  liquidity, right, there's much less liquidity in the paper
• 4:05
  market. When things do happen, we could
• 4:08
  get, we could get a big move, I'll put it that way, or a big
• 4:13
  squeeze, which is what we could be saying today.
• 4:16
  I want to revisit the fact quickly with you all because
• 4:19
  we've been pounding the table down here, 7250 in the silver
• 4:24
  price, $72.50 has held. You know, let's go out and take
• 4:28
  a quick look, get an update on the volatility in the silver
• 4:33
  market, OK, We're up $4.00 per oz, $77.08.
• 4:38
  So we are well above that the critical line in the sand $72.50
• 4:44
  base that we put out there for the silver market.
• 4:48
  Now let's go back to one of our favorite charts of all time.
• 4:53
  That's that tells us something very, very important long term
• 4:58
  about where this silver market is heading.
• 5:00
  Let's go check out the cup and handle because even the
• 5:04
  notorious in a good way, Jesse Colombo brought it up again.
• 5:09
  Jesse from the bubble bubble report, He said despite recent
• 5:13
  turbulence, silver's breakout from its five decade cup and
• 5:17
  handle remains 100% intact, holding above the key $50 level
• 5:23
  and our key $72.50 level. This is the time to be
• 5:28
  optimistic, not pessimistic in silver is still dirt cheap
• 5:32
  compared to where it's headed. And guys, look, there's been a
• 5:36
  lot of pessimism in the last 3-4 weeks in the precious metal
• 5:40
  sector. And that's imagine what we're
• 5:43
  doing right now, right? Us, they're people that really
• 5:46
  believe in what's going on the basement dwellers in the world
• 5:50
  of silver and gold that what we're doing now in the face of
• 5:54
  like, like the wait till you see the sentiment numbers I'm going
• 5:57
  to share with you later. It's crazy that we're what we're
• 6:01
  doing is in like the worst conditions ever when sentiment
• 6:05
  changes. And now we've got this new base
• 6:08
  built above $72.50 and we have this right, the good old cup and
• 6:14
  handle like Jesse says, that goes back for 50 years, OK, this
• 6:20
  is 1980, this is 2011, OK? This is what happened over the
• 6:27
  last 15 years, and this is what's happened over the last 15
• 6:34
  months. OK, now remember, let me take
• 6:38
  that back. This cup and handle is what,
• 6:40
  198045 years, we'll say 50 years?
• 6:48
  Cup and handle formations are widely accepted to be like the
• 6:53
  most reliable and accurate of all technical analysis chart
• 6:57
  patterns. And as an extra added bonus, the
• 7:01
  longer the time frame over which they form, the more accurate
• 7:05
  they are considered to be. I see some people say that the
• 7:09
  upward move can equal this amount right here.
• 7:14
  OK, from the kind of the the the former resistance level.
• 7:18
  So imagine where that puts us on the upside up there.
• 7:22
  It's looking good. It's looking good.
• 7:24
  One more quick note on this, like what seems to be the
• 7:27
  collapse of the Comex happening right now in real time.
• 7:31
  The dude, the one and only dude, we love him, put out this day to
• 7:35
  yesterday. The silver market traded only
• 7:38
  141 million paper oz yesterday. OK, the trading volumes have
• 7:46
  been down recently because no one is on COMEX anymore except
• 7:51
  those dirty banks trading back and forth to manipulate prices.
• 7:55
  Get physical while you can, all right?
• 7:58
  Thank you to our good friend the Dude.
• 8:01
  He's always, he's always got some great info for us.
• 8:04
  Hey, I do want to say thank you to channel sponsor First Mining
• 8:07
  Gold for sponsoring Ron's basement.
• 8:09
  We're going to switch over to gold here for just a second, but
• 8:12
  they're a development stage gold mining company with two huge
• 8:15
  projects in Canada, Spring Pool in Ontario, Duparque located in
• 8:20
  Quebec, millions of Oz of gold in the ground.
• 8:23
  They're working them through the development stage.
• 8:26
  You can learn more about them at firstmininggold.com.
• 8:29
  And it Full disclosure, it is a stock that I own and I owned it
• 8:33
  long before they sponsored the channel.
• 8:36
  All right, let's talk about mergers in the gold and silver
• 8:39
  sector. But what that really means for
• 8:42
  the precious metals and the precious metal prices because
• 8:45
  things are really starting to heat up.
• 8:50
  Oliver Gross put put out this one.
• 8:52
  Exploding cash flows and best balance sheets ever.
• 8:56
  The gold mining sector is experiencing an ongoing surge in
• 9:01
  mergers and acquisitions. This all applies to silver as
• 9:04
  well. Another major mergers and
• 9:07
  acquisition deal was announced today in Australia, creating a
• 9:10
  new 700,000 oz per year gold producer.
• 9:17
  Australia's Regis to take over Vault, creating an $8 billion
• 9:22
  gold producer. And there's the data on that
• 9:25
  right there. But what, why, why are we?
• 9:27
  There's two reasons why we want to pay attention to this and why
• 9:31
  it's a big deal #1 all these big mergers, all this big news
• 9:36
  coming out in the mining sector brings more eyeballs to the
• 9:39
  overall precious metal sector. OK.
• 9:42
  The other thing is some people get mixed up and think, oh, that
• 9:46
  means they're going to there's, there's more, more production of
• 9:49
  gold and silver when these mergers occur.
• 9:51
  No, there's no more gold and silver being produced.
• 9:55
  It's just being combined under one company.
• 9:58
  I think most of us realize that, but there are some people out
• 10:01
  there, they get confused and say, well, that means there's
• 10:03
  going to be all this extra gold and silver coming on the market.
• 10:06
  No, no, it's just combining it under one company as opposed to
• 10:11
  two separate companies producing it on their own.
• 10:14
  And what it really signals, right, is that the gold and
• 10:17
  silver sector is healthy and the companies are willing to pay a
• 10:21
  big premium, OK to to add production to their profile.
• 10:27
  So on every level, this mergers and acquisition stuff is great.
• 10:30
  Now let's look at the chart that shows us that the gold price
• 10:35
  could go up 7X from here. All right, You be you be the
• 10:40
  judge. You be the judge.
• 10:42
  But this is a chart that was actually saying something.
• 10:47
  Hold on here. There we go.
• 10:49
  North Star, bad charts, right? The probably, again, one of the
• 10:53
  top 10 most respected chartists out there says gold and silver.
• 10:57
  Too many commentators are failing to acknowledge the
• 11:01
  evidence in recent weeks, right that we haven't broke out.
• 11:05
  This chart shows the ratio comparing gold versus the S&P
• 11:11
  500. Do you notice something on this
• 11:13
  chart first, right? Does this not look like a cup
• 11:18
  and handle? Now it I know it's a tilted cup
• 11:22
  and handle or a spilling cup and handle.
• 11:25
  I don't know how that how that plays in the technical analysis,
• 11:29
  but to me that's a definite cup and handle again that eventually
• 11:34
  we could get a big break out of which would be good because this
• 11:37
  chart compares OK, the price of gold to the S&P 500.
• 11:44
  So we've got gold right now. What around let's say 46147
• 11:50
  hundred, the S&P 500 at about 7000.
• 11:54
  Hold on, let's go. Wait one second, let's go out to
• 12:01
  CNBC and see exactly where the S&P is right now.
• 12:04
  Yeah, about 7300. So oops, sorry, I forgot to
• 12:08
  share. That's OK.
• 12:10
  So right now when you compare the price of 1 ounce of gold to
• 12:14
  1 unit of the S&P 500, you're going to get a number over here.
• 12:19
  I don't know about .65 point whatever as that breaks out, OK,
• 12:24
  It will break out like a normal cup and handle and go much, much
• 12:29
  higher. What's interesting is if we go
• 12:31
  all the way back over here in the lower left corner, 1980, at
• 12:36
  that point that ratio was over 7.
• 12:41
  If we were to get that ratio today and the S&P 500 were just
• 12:46
  to stay where it is, we would have a gold price.
• 12:49
  We would need a gold price over $49,000 per oz, which is truly
• 12:55
  astounding. But again, 1980s, not that long
• 12:59
  ago, we just broke out of a of a cup and handle pattern on the
• 13:02
  silver price that went back to 1980.
• 13:05
  This is not out of the question. All right, let's watch something
• 13:08
  fascinating about silver from the man himself, our friend
• 13:14
  Ergon. Let me get this back on for you.
• 13:18
  Here we go there's Ergon comparing silver.
• 13:24
  They they've become very, very bullish on silver.
• 13:27
  This video shows compares 1400 oz gold bar to 22 large silver
• 13:34
  bars and let me get it up for you and then we'll talk why this
• 13:38
  is so important. This little bar here compared to
• 13:42
  these 22,000 oz, this little bar of 400 oz compared to these 22
• 13:47
  bars of 1000 ounces is actually valued at 50% more than the
• 13:51
  silver bars. I think that relationship will
• 13:54
  change and gold, silver ratio, gold price divided by silver
• 13:58
  will now come down dramatically, which means that relatively
• 14:02
  silver will increase in value significantly in relation to
• 14:06
  gold. And that way I'm going to see in
• 14:08
  the next few years. OK, He also recently said that
• 14:12
  he wouldn't be surprised to see the silver price reach 203
• 14:18
  hundred, I think even 400 and a lot sooner than most people
• 14:21
  think. He's been in the precious metal
• 14:23
  sector for decades. He owns a huge company, Gold
• 14:26
  Silver Switzerland with that guy that I think it's one of the the
• 14:30
  the rock stars of the precious metal sector, Matt Pipenberg.
• 14:34
  But he's saying now and he loves gold.
• 14:36
  OK, I remember Ergon always talking about gold at times when
• 14:41
  he favored gold over silver. Now are you catching on what
• 14:45
  he's saying? It seems like he's actually
• 14:47
  favoring silver. Hey, if you favor silver and
• 14:50
  when it gets to get your hands on some great silver from the
• 14:53
  silver specialist mint, is there any other mint out there that's
• 14:57
  like purely silver? Is there any other mint out
• 15:00
  there that's actually owned by a silver mining company?
• 15:04
  First Mint is owned by First Majestic Silver.
• 15:08
  They dig the silver out of the ground in Mexico.
• 15:11
  They ship it to 1st Mint in Las Vegas, NV, and then it goes
• 15:15
  directly to you. And you know, I've been showing
• 15:18
  you this lately. I love these one ounce bars.
• 15:21
  This is their new Liberty bar. And guess what I learned
• 15:25
  yesterday? They've got a special going on
• 15:28
  right now. I'm going to show you go out to
• 15:32
  the first Mint website, first mint.com, where you can see all
• 15:38
  their products. You're the horse.
• 15:40
  I love that. You know, I'll show you that one
• 15:41
  in a second. Also, there's their Buffalo
• 15:44
  round. You're the dragon.
• 15:46
  Here we go. They've got a special on their
• 15:48
  Liberty bar right now, $2 off and the price will be reflected
• 15:54
  in what you see on the website. So check them out at First
• 15:56
  mint.com. Great prices, great selection,
• 15:59
  great service, free shipping on orders over $299, and a big
• 16:06
  honor that they are sponsoring our channel.
• 16:09
  You guys love them. That's the best part for me
• 16:11
  because whoever I represent, right, whether it's first Mining
• 16:15
  Gold or First Mint, they got to be companies that I'm vested in
• 16:19
  that I work with and that I know are providing you with a great
• 16:23
  product, a great service, or a great opportunity.
• 16:25
  So thank you First Mint. All right, guys, let's go on
• 16:29
  here. Oh, this is interesting.
• 16:30
  I had I had a light bulb moment last night.
• 16:35
  You off? We often talk about the case for
• 16:37
  gold and silver and say mathematics shows no forgiveness
• 16:41
  on the altar of truth, right? When we look at the national
• 16:44
  debt, when we look at the monetary fiscal situation, like
• 16:48
  you can't cheat math, 2 + 2 always equals 4.
• 16:52
  But Matt Pipenberg, I heard him say this last night.
• 16:55
  He said it in a different way. He talking about why he why he
• 17:00
  why he sees what's happening with like the United States
• 17:05
  financial situation, why he sees it falling apart, why he sees
• 17:09
  gold and silver being such a smart investment.
• 17:12
  He said this write this down. History and math are always
• 17:18
  pretty consistent. I talk about math all the time,
• 17:24
  but I hadn't thought about adding history in there, right?
• 17:28
  Both history and math have a very, very, very consistent,
• 17:33
  steady, accurate track record. All right, let's go back to
• 17:38
  China. We get more news out of China.
• 17:40
  Oh, and this has a bonus feature.
• 17:45
  Mario, Mario Norfol. And I'm going to tell you why
• 17:49
  it's so important that he's saying this.
• 17:51
  Posted this yesterday. Gold is now America's biggest
• 17:54
  export Gold, and has been for the last five months.
• 17:59
  In March, US gold exports were 1.7 times larger than oil, 2
• 18:06
  times larger than pharmaceuticals, and 2.5 times
• 18:09
  larger than aircraft engines. Most of it is flowing through
• 18:14
  Switzerland and then straight to China.
• 18:17
  So there's this big, big, big, big story going on that the
• 18:20
  United States is now settling our trade deficit with China
• 18:25
  essentially in gold, right? In the math.
• 18:28
  The math points it out. I'm going to tell you why
• 18:30
  Mario's so important. Here's the chart that came from
• 18:35
  Fred, which I think is the Saint Louis where I live.
• 18:39
  Fed bank, right? That shows exports of gold of,
• 18:44
  I'm sorry, exports of non monetary gold.
• 18:47
  I mean, look at this. OK, 4004 thousand.
• 18:51
  Yeah, I got the 8000. We went up a little bit, boom
• 18:55
  through the roof. Gold is becoming re monetized
• 19:00
  now. Why?
• 19:01
  Before I forget, why is Mario Naufall?
• 19:05
  Why is that? Why is it so critical or
• 19:07
  interesting that he's saying that?
• 19:10
  Because Mario has 3.4 million followers on X.
• 19:15
  But even more important, Mario is very popular with younger
• 19:20
  people. Mario is not like a a guy in his
• 19:23
  basement who's a gold and silver mega bowl.
• 19:26
  OK, Mario covers all types of news all over the world.
• 19:33
  And recently he's talking a lot about gold and silver, right?
• 19:38
  If you're somebody my age, I'm 56 years old, I may not know who
• 19:41
  Mario Nafal is, but people in their 20s and 30s, they all know
• 19:46
  this will bring more and more people into the world of
• 19:51
  precious metals. No doubt about it.
• 19:55
  Now we go to the Kobesi letter is the Federal Reserve.
• 20:00
  Printing money right now, monetizing that again Kobesi
• 20:04
  letter only two million followers, super respected.
• 20:09
  Let's listen to what they say about what the Fed is doing
• 20:11
  right now. Is the Fed printing money?
• 20:14
  the Fed is loading up on U.S. Treasuries.
• 20:16
  The Feds total treasury holdings are now up to 4.4 trillion, the
• 20:21
  highest since July of 2024. Since December the central bank
• 20:28
  has bought 237 billion of treasuries. the Fed is propping
• 20:34
  up the treasury market. And here's the chart.
• 20:37
  OK, as you can clearly see right, the Fed is buying more
• 20:42
  treasuries. The only way the Fed can buy
• 20:45
  Treasuries is by doing what they do best, which is printing
• 20:50
  money, right? So it's been going on under the
• 20:55
  cover. They're not going to call it QE.
• 20:57
  They're not going to call it money printing.
• 21:00
  But the Fed is in a position where they now have to buy U.S.
• 21:03
  debt to keep the interest rates down.
• 21:06
  But at the same time, all that does is that lowers the interest
• 21:11
  rates with printed money. I mean, it's common sense,
• 21:14
  right? Is it devalues the dollar even
• 21:17
  further in real terms and guys, it creates inflation, which as
• 21:22
  we know will absolutely create more and more value for silver
• 21:27
  and gold. We're going to keep going.
• 21:29
  We're going to talk about how high a few people you have to
• 21:35
  get the 200 bikes first. OK.
• 21:37
  Upstairs Susie is demanding on this volatility day.
• 21:40
  Demanding. I'm asking, I'm I, I stand
• 21:47
  corrected. Upstairs, Susie is asking
• 21:50
  politely. Please give it a thumbs up.
• 21:53
  And despite the fact that I'm battling this bizarre sickness
• 21:57
  that's taking my voice away, I will say hey, hi to you guys
• 22:00
  because we are from all over the world, right?
• 22:03
  So, so it I will do it here at the end, I'll ask you to leave
• 22:07
  not now in a little bit. Leave a comment with where
• 22:09
  you're joining from and I'll do my best to say hello.
• 22:13
  Now we're going to talk about how horrible things are in the
• 22:16
  gold and silver market and why that's a good thing.
• 22:19
  Why it's actually a good thing. Maybe I can whisper that.
• 22:22
  I'll help my voice. Here we go.
• 22:24
  This is super interesting. Clive Mahan shared with us we're
• 22:32
  going to look at a strong evidence that the precious metal
• 22:35
  sector bottom is in. The biggest giveaway that the
• 22:39
  sector bottom is in and that it should be and that it should go
• 22:43
  up from here soon is sentiment, which we can track track on the
• 22:49
  via the gold miners bullish percentage index.
• 22:52
  And man, have you felt it? I felt it over the last, I don't
• 22:55
  know, four or five weeks like there was a a lot of negativity
• 23:02
  in the precious metal sector despite the fact that we had $70
• 23:06
  silver, despite the fact that we had $4500 gold.
• 23:10
  And I'll tell you why it's positive.
• 23:12
  OK, this is a, a short term chart of that index and here we
• 23:22
  go, right? This measures, this measures
• 23:26
  index and then the gold bowls. And as you can see, it goes from
• 23:30
  100 all the way down here to 0. And as you can see, right back
• 23:36
  in October when things were good, hey, everybody was happy
• 23:40
  we were way up here. See those 3 red circles that I'm
• 23:43
  circling that coincides with the highs in the silver and in the
• 23:47
  gold mining stocks. Now, when the price went down,
• 23:54
  that's the green circles there. You can see, right that the
• 23:58
  sentiment went from being up here near 100 all the way down
• 24:03
  to four or five. But what you can also see is it
• 24:10
  sentiment can't go below 0 and can't go below 100, and it
• 24:14
  always fluctuates. It goes in waves and cycles in
• 24:19
  between and while we were way down here, right, it will go
• 24:24
  back up again. And after a day like today, it
• 24:27
  probably has started to go back up.
• 24:29
  I think he's Yeah, this is even a longer term 10 year chart of
• 24:33
  that same thing, right? All the way back to 2017 again
• 24:38
  right when back here when it hit way low that's the sentiment
• 24:43
  level right around where it where it's been recently and
• 24:46
  then it you know trudged forward.
• 24:48
  Here's the other look at that green circle and then it went up
• 24:52
  from there. Every time there's a green
• 24:54
  circle, which is horrible sentiment.
• 24:57
  All right, you can see the generally we get a big price
• 25:01
  increase because like he said, right people, well, the retail
• 25:07
  investors, I encourage you to please don't be an active trader
• 25:11
  with your with your silver and gold.
• 25:13
  Trust me, you can try your luck, but it's very difficult.
• 25:17
  Don't let your emotions rule the day.
• 25:19
  And that's what that chart shows us a lot of people when the
• 25:22
  sentiment gets low. All right, you should see some
• 25:25
  of the emails that I received over the last three to four
• 25:28
  weeks, right? They oh, I'm done with silver,
• 25:30
  I'm done with gold. They sell when the price is
• 25:33
  lower and then when the sentiment gets real high again
• 25:37
  and the price gets real high again, that's when they buy.
• 25:40
  It's easy to get mixed up like that.
• 25:44
  I've done it before with other things.
• 25:45
  Other people have my opinion, like our guy I think it was, was
• 25:49
  Clive Moen yesterday told us just buy and hold.
• 25:52
  He said hold your silver for five years, write it down again.
• 25:56
  I'm not a financial advisor. Don't make any financial
• 25:59
  decisions based on what I'm saying, but I found it to be
• 26:03
  kind of a lucrative, smart thing to do, especially with silver,
• 26:08
  to just buy it, store it somewhere off site, right, and
• 26:12
  hold it and don't worry about it.
• 26:14
  And it seems to do really, really well.
• 26:16
  OK, one more big story and then we're going to do the big hello
• 26:20
  to everybody out there. So think about one second here.
• 26:23
  You need to leave a comment. But Kevin O'Leary, this came
• 26:26
  from Summit Metals. My good friend Mr. M emailed me
• 26:30
  this last night. Summit medals.
• 26:33
  There we go, put this article out.
• 26:35
  Kevin O'Leary, that guy, that famous Canadian billionaire or
• 26:41
  multi millionaire just built the case for silver.
• 26:44
  Here are two more reasons to listen.
• 26:47
  OK, this is incredible. Yesterday, Box Elder, county
• 26:53
  commissioner in Utah in Utah, unanimously approved Kevin
• 26:57
  O'leary's Stratus project. It's a 40,000 acre AI data
• 27:02
  center campus in northern Utah. To put that in perspective, it's
• 27:07
  the same size as Washington, DC, bigger than the entire city of
• 27:12
  San Francisco, and you could fit 30 Manhattans inside of it.
• 27:18
  This is not a data center, it's a data city.
• 27:22
  This is like a metropolis data center that they're going to
• 27:25
  build. But what does that mean for
• 27:27
  Silver? Well, as they so accurately
• 27:31
  point out in this article, they breakdown based on the number of
• 27:35
  servers, communicate communications equipment,
• 27:37
  everything else that at the end of the day, this project, right
• 27:44
  estimate to build out the hardware for this project could
• 27:48
  take up to up almost 7 million oz per silver, or right two to
• 27:56
  three days of the world's mine output.
• 27:58
  That is for one data center in one city.
• 28:01
  Man, the outlook for silver and gold are just incredible.
• 28:05
  Now we're going to say hi to some of our fellow basement
• 28:10
  dwellers. Hold on here one second.
• 28:12
  All right, guys, this is the time, please.
• 28:16
  Hey, San Francisco. All right, welcome.
• 28:20
  Leave a comment. Tell me where you're from.
• 28:22
  I'll ring the gun for you guys if Susie tells me.
• 28:26
  Susie, did we get the 200 thumbs up?
• 28:30
  Love Summit medals? Yeah, They've got a great
• 28:32
  reputation, no doubt. Big butts.
• 28:35
  Big butts. Texas.
• 28:36
  Hey, guys, you got it. We got 200 thumbs up.
• 28:40
  All right. Audi from Lincoln, UK.
• 28:43
  Wow. Third Rock from the Sun, Beverly
• 28:45
  Hills. Whoa, that's awesome.
• 28:49
  I think Michigan, Netherlands. Denver, Co, Hilton Head,
• 28:56
  Fullerton, CA, Alberta. Wow, guys.
• 29:00
  Unbelievable. Columbia, MO, Netherlands.
• 29:05
  All right. We love the Netherlands.
• 29:07
  Our friends. Vincent's from the Netherlands.
• 29:09
  Cambridge, MA, Blue Springs, Colorado, Las Vegas.
• 29:13
  We were just there. Florida.
• 29:15
  Pueblo, Co. Wow, guys.
• 29:18
  Seven stacks. Hi, y'all.
• 29:20
  Indonesia, Denmark, India. Now we're going international.
• 29:24
  Cincinnati, Canada. Xavier from Paris.
• 29:28
  That's awesome, Xavier. Good to see you, my friend.
• 29:31
  India, Hoboken, Ocala, FL, India, Thunder Bay.
• 29:36
  All right, guys. Thank you.
• 29:38
  Right. We got people from all over the
• 29:39
  world. Please, if you haven't already
• 29:41
  subscribed to the channel. You got 200 thumbs up.
• 29:44
  We appreciate it. For fun, we always ring the good
• 29:47
  luck golden gong. Most important, take good care
• 29:54
  of yourself, OK? And we'll see you.
• 29:56
  Yeah. We see you back here in the
• 29:58
  basement. We'll see you next time.