Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **ALERT** This Silver NEWS is SHOCKING -- $60 Silver Price

Transcript

**ALERT** This Silver NEWS is SHOCKING -- $60 Silver Price · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  Hey welcome to the Basement Basement Dwellers.
• 0:03
  Thank you for being here. Please support our sponsors, pin
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  backs, the online bullion dealer and check out.
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  First mining gold WWW dot. Firstmininggold.com there we go.
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  We got that out of the way we love.
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  Pin backs? Seriously, if you're looking to
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  Anything like that, Check them out.
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  They always have the best prices.
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  And they've got a great. Reputation and they have a
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  great. A selection and they make videos
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  like this possible now. Let's get into the meat of the
• 0:33
  video. You're here to hear about $60.00
• 0:37
  silver. On a morning like today, that
• 0:39
  doesn't sound too far out of the.
• 0:41
  Question, right. There's some big, big developing
• 0:46
  stories that are going to have a major impact on the silver price
• 0:51
  this. Is new information.
• 0:53
  New to me, I don't know if you've heard about.
• 0:55
  This yet, but we're going to cover that in this video.
• 0:57
  Plus, look at this. I got back from vacation.
• 1:00
  I've got 3. Packages to open, one of which
• 1:04
  will be for you. OK, we're going to cover that as
• 1:07
  well. And how can we ignore the
• 1:09
  craziness in the silver and gold market this morning with the CPI
• 1:14
  report? We'll touch on that as well.
• 1:17
  OK. Let's get started.
• 1:19
  Thanks. Guys, for being here.
• 1:32
  Silver investors have been waiting for decades for true
• 1:37
  price discovery. Yes, we know silver should be at
• 1:40
  60. Dollars per oz Right now some
• 1:43
  people say as high as 600. Dollars per Oz.
• 1:47
  But what big news do we have right now?
• 1:51
  They could let us. Get a glimpse of what we're
• 1:55
  going to see in the future for Silver.
• 1:57
  And it all has to. Do with the demand, we're going
• 2:00
  to cover that in this video this morning.
• 2:03
  We've got gold right before. I came on up $20 per oz.
• 2:08
  Yes, basement dwellers United. Very happy, right?
• 2:14
  We. Know it's a bumpy Rd., but we
• 2:16
  may as well celebrate a little bit when we've got.
• 2:18
  Silver up $0.75 per oz and Gold up $20 per oz because we make it
• 2:25
  through the bad. Days, but we can also celebrate
• 2:28
  the days where we start to see a.
• 2:30
  Glimpse of what's to come and with the CPI information this
• 2:34
  morning and with what we know is going on in the economy right
• 2:37
  now. We can see much higher prices.
• 2:40
  We're not talking months into the future, years into the
• 2:43
  future, because we will see that, we know that.
• 2:46
  But we're talking about weeks right now.
• 2:50
  We want to see the price. Higher where we know that it
• 2:53
  should be. Now when it comes to the
• 2:54
  economy. I've got just one new story
• 2:58
  we're going to touch on later has to do with.
• 3:00
  That car company, Chrysler remember them and it is
• 3:04
  absolutely shocking news in my opinion.
• 3:08
  You can make of it what you like, but.
• 3:10
  Let's dig in first right now to what's going on in the silver
• 3:15
  market as we look out into the next, let's say 5 to 10 years it
• 3:20
  is. Going to be absolutely crazy.
• 3:25
  OK. And yes guys, I will.
• 3:27
  I've got these three packages here.
• 3:28
  Right. I'm going to open those a little
• 3:30
  bit later. I've got some some surprises.
• 3:32
  I'm very, very excited. To get home from vacation and
• 3:37
  have these pads like Christmas. I mean, what can a guy, what
• 3:39
  else could a guy ask for? But what's going on?
• 3:43
  Right now with silver demand wise, you know supply we're not
• 3:47
  going. To cover it right.
• 3:48
  There is less and less silver coming out of the ground.
• 3:50
  Most Silver 80. Percent of it comes as a
• 3:52
  byproduct of zinc mining and lead mining.
• 3:55
  There are no new silver. Mines being built right now, Not
• 4:00
  that I know of. Very few, if any.
• 4:03
  Hello, Jim M thank you, King of the basement dwellers.
• 4:06
  Yeah, we're we're all basement dwellers.
• 4:09
  My. Friend Jim, you're a chief
• 4:10
  basement. Dweller, no doubt about it.
• 4:13
  None the less the supply. Of silver is being constrained.
• 4:18
  We've got shocking news about the future demand for silver.
• 4:21
  You know, it's a monetary there's a lot of room for growth
• 4:25
  in terms of investor demand, people like you and me people.
• 4:29
  That want to get on this? What's now a very small.
• 4:31
  Boat, but we know from a monetary perspective, from an
• 4:34
  inflation hedge perspective. That the demand for silver has a
• 4:38
  big. Runway in that arena for
• 4:41
  improvement, OK. We know that electronics, right
• 4:45
  the. AI thing, right?
• 4:46
  This artificial intelligence. Wave of new demand for silver
• 4:51
  because. They need high end processing
• 4:54
  chips which demand a huge amount of silver.
• 4:57
  We know about solar. Or do we?
• 5:00
  There's some shocking news coming out about future silver
• 5:04
  demand for solar. Guys, new news.
• 5:07
  And we're going to cover it. And we're going to cover it in
• 5:10
  this video, but let's just run through quickly some recent
• 5:14
  articles. I just want.
• 5:15
  To read and and this. Is the primer because this is
• 5:18
  not the big news that we have about silver.
• 5:22
  Let me just read this to you quickly from Reuters.
• 5:24
  Reuters OK, Reuters had this to say about Silver.
• 5:28
  Just back in September. Silver to benefit from solar
• 5:33
  sector demand once rates peak. OK, robust.
• 5:37
  Demand from the solar industry and limited supply growth.
• 5:40
  This is Reuters. We just talked about Limited.
• 5:43
  Supply growth from mines will buoy silver prices once the
• 5:48
  period of higher global interest rates is over.
• 5:52
  That's from an analyst. OK.
• 5:54
  Silver is both an investment and is consumed.
• 5:57
  In the manufacture of jewelry, electronics, electric vehicles,
• 6:01
  as well as solar. Panels, which has been gaining
• 6:04
  traction amid the global green energy transition.
• 6:08
  However, silver prices at $23 per oz are down. 4% so far this
• 6:13
  year as elevated global interest rates discourage investment in
• 6:17
  precious metals. Which do not offer interest.
• 6:19
  OK, so. That's the one negative, they
• 6:22
  point out. What did we get this?
• 6:23
  Morning. A lower CPI Print What's
• 6:26
  everybody? Saying now, what does it mean
• 6:28
  when everybody is starting to say that the Fed is done raising
• 6:32
  rates? That's the only negative they
• 6:34
  could point out in this Reuters article.
• 6:36
  All right. OK.
• 6:39
  They're saying Silver might be. Might see its biggest deficit
• 6:42
  in. Over a decade as mining
• 6:45
  production cannot keep up with demand the solar industry.
• 6:48
  Demand has been surging. Silver market was under under
• 6:53
  supplied by almost. 240 million ounces in 2022, according to the
• 6:57
  Silver Institute, and the deficits are continued to grow,
• 7:01
  however huge, above ground. Stocks and quantities of metal
• 7:04
  held by individuals and investors fill the gap.
• 7:07
  For now, they fill that gap, right guys?
• 7:11
  Last year there were almost 250. Million more ounces of silver
• 7:15
  last year, 2022 demanded. By the market then the mines
• 7:21
  could supply OK, this surplus that's out there is.
• 7:26
  Only going to last so long. This is where it gets.
• 7:30
  Interesting demand for for silver from.
• 7:32
  Photovoltaic cells. This is not the.
• 7:34
  Kicker, we got a big, big news. I'm going to break with you here
• 7:38
  in a little bit. Demand from the photovoltaic
• 7:41
  cells which make up solar panels.
• 7:43
  Has shown a three fold growth since 2014 and is expected to
• 7:49
  reach 160. 1,000,000 ounces in 2023 million, many people are
• 7:53
  saying. That the solar panel industry
• 7:56
  this year is actually going to. Consume over 200 million oz OK,
• 8:02
  the sector will be responsible for. 14% of total demand for
• 8:06
  silver this year compared. With only 5%.
• 8:10
  OK, interesting. I missed the Super Chat.
• 8:13
  I apologize. Thank you Jim M for the Super
• 8:15
  chats. Thank you to all you guys for
• 8:17
  the Super chats, the support. Goes a long way, never expected.
• 8:21
  Always appreciate it if you feel.
• 8:22
  Like being generous? That's great.
• 8:24
  If you have some extra money, don't ever give anything to the
• 8:27
  channel that you can't. Afford.
• 8:29
  OK. But the generosity is very much
• 8:32
  appreciated. Thank you, thank you, thank you,
• 8:34
  thank you. And that wasn't aimed at anybody
• 8:36
  in particular. I want to keep all the content
• 8:40
  on this channel free. OK.
• 8:42
  There's no subscription. You have to.
• 8:44
  Pay for There's no special videos for special people that
• 8:47
  pay. Nothing against anybody that
• 8:49
  does that. That's a popular YouTube
• 8:52
  business. Model right, like, hey, if you
• 8:54
  pay. If you join this, you can get
• 8:58
  access to special videos before. Anybody else?
• 9:00
  Nope. It's all free and.
• 9:02
  If you feel like being generous and you guys are generous and
• 9:05
  it's much appreciated, that's the way I intend to keep it.
• 9:10
  I'm sorry I went down that we're talking about, Silver says.
• 9:14
  Demand for silver could reach 100.
• 9:16
  OK, so we got Reuters. We got Reuters talking about the
• 9:22
  situation. It's even more This is not the
• 9:24
  big shocker, but we're going. To get a little more shocking.
• 9:27
  And then I got the big shocker for you.
• 9:29
  So bear with me here. If you heard of ANZ Bank ANZ,
• 9:34
  you probably haven't because you don't live in Australia.
• 9:37
  Some of you live in Australia. We got a lot of people that
• 9:39
  join. We have, we have Australian
• 9:42
  basement. Dwellers and when coin shop,
• 9:43
  Chris and I go on our. World tour We're going to stop
• 9:46
  in Australia. I don't know if they have.
• 9:48
  Basements in Australia, but if they do have basements we'll
• 9:50
  broadcast live from. An Australian basement.
• 9:53
  We'll be upside down, though. Right.
• 9:56
  Isn't it the way it is? Down under.
• 9:58
  You're upside down the toilet. Flush the opposite way.
• 10:01
  I digress. Let's get.
• 10:03
  Into ANZ Bank. Before we do that, let's open
• 10:05
  our first package. What do you say?
• 10:07
  This came to me from my friend Blake.
• 10:11
  All right. Very nice guy in Canada.
• 10:15
  In Canada and we will be visiting.
• 10:18
  Him on the world tour when Silver hits $85.
• 10:22
  Per Oz, I almost hit the bell. With my elbow, but I don't.
• 10:26
  Do that till we get to 100 thumbs up.
• 10:28
  But we got this package from Blake.
• 10:30
  Very nice guy. Coin shop.
• 10:31
  Chris and I will be. Visiting him, he said that he's
• 10:34
  up in Canada, above, like Maine in that area, but I forget what
• 10:38
  that part of Canada is called. Don't be offended, Blake.
• 10:41
  I'm sorry. I could look it up on.
• 10:42
  A map, but I don't want to cheat none the less, he said.
• 10:45
  We could have all. We could eat lobster.
• 10:46
  I guess they he. Knows how to catch lobsters, so
• 10:49
  that's the one of the first places we're going.
• 10:52
  He sent me this, which is absolutely beautiful.
• 10:56
  This is like a little hobby company that he has.
• 10:59
  It's like and he also is involved with German Shepherds.
• 11:03
  I love German Shepherds, by the way.
• 11:05
  Maybe I'll get a puppy from him sometime.
• 11:07
  This is called Silver Shepherd Bullion.
• 11:11
  Protect the stack. OK, these are this is what.
• 11:14
  Makes a silver investor 's basement.
• 11:17
  Welders. Unique.
• 11:18
  We're passionate about this. Let's see if I can get in a good
• 11:22
  Darn it. Can you see that?
• 11:24
  Hold on. It's really cool.
• 11:28
  See the dog? You can't really see it.
• 11:32
  Maybe you can see it anyway. Thank you, Blake.
• 11:35
  That was. Awesome.
• 11:36
  Brought a great big smile to my face and we'll continue.
• 11:39
  Now let's talk about ANZ Bank. What do they have to say?
• 11:43
  About and guys, it gets ratcheted up a.
• 11:46
  Level from here this will. This will.
• 11:49
  You blow your hair off your head.
• 11:51
  OK, what? I've got coming this though from
• 11:55
  ANZ Bank. Hold on here.
• 12:00
  All right, here we go. Silver market to enter a period
• 12:04
  of tightness. Unseen for.
• 12:07
  Decades, OK. An acceleration in the
• 12:11
  transition to renewable energy is supporting.
• 12:13
  Metals. Not usually associated with
• 12:16
  renewables such as silver? Oh.
• 12:20
  Interesting. And the silver market may
• 12:22
  struggle to adjust the. Economist at ANZ Bank said in a
• 12:27
  recent report. Listen to these three quotes
• 12:30
  guys and. Again, that I've got something
• 12:32
  that's even crazier silver is. In a structural deficit amid a
• 12:37
  surge in demand from the solar industry due due to its high.
• 12:40
  Electrical conductivity and durability Silver has become.
• 12:43
  Important to the solar industry, We know that already with the
• 12:46
  installation of solar capacity. Rapidly growing its role as an
• 12:51
  industrial metal is developing. This year, China.
• 12:54
  Is expected to add nearly as much as the total installed
• 12:57
  capacity. Of the United States by two,
• 13:02
  1025. OK, listen to this.
• 13:05
  We expect industrial demand for silver by 2025.
• 13:10
  To make up 50, 3% of the. Total demand.
• 13:16
  That's the solar industry. This will place increasing
• 13:20
  pressure on supplies. Guys, there is no.
• 13:23
  Supply I just talked with Jorge Ginoza last week, CEO of Fortuna
• 13:27
  Silver Mines. There are the silver companies.
• 13:31
  A lot of them had pivoted to now also producing gold.
• 13:35
  There aren't new supplies of silver.
• 13:37
  Coming online very limited the pipeline, right, the pipeline.
• 13:42
  At the end, the solar industry is turning the faucet like We
• 13:45
  need more, we need more. In the pipeline is just a
• 13:49
  trickle and there's no new supply of silver.
• 13:52
  Going into the pipeline, it's a trickle here growth in mine
• 13:57
  production, OK. Like we just talked about is
• 14:00
  largely. Beholden I love that word to
• 14:03
  other metals projects for which silver is a byproduct scrap,
• 14:07
  which makes up nearly 20. Percent of supply is also
• 14:11
  lagging above ground. Inventories remain plentiful,
• 14:14
  but it dropped sharply over the past couple of years.
• 14:18
  Yeah, because we know last year. Right.
• 14:21
  The world consumed 200 and 50. Million more ounces 237.
• 14:26
  Million I exaggerated than they than, than than was than was
• 14:29
  supplied by mining and recycling.
• 14:32
  We estimate that the silver market is entering a period of
• 14:36
  tightness unseen for decades. This may not be alleviated by
• 14:41
  higher silver prices. So if the what they're saying,
• 14:45
  OK, did you hear what they just said?
• 14:47
  This may not be alleviated by higher silver prices.
• 14:52
  Think about that while I take a sip of coffee.
• 14:59
  This may not be alleviated by higher silver prices.
• 15:05
  That means that when the silver price goes to $60.00, OK, it
• 15:10
  doesn't matter because there still aren't any new silver.
• 15:14
  Mines that are being at that point, people are going to say,
• 15:17
  oh, silver's hot. I need to we need to start.
• 15:20
  Exploring for silver, OK, it takes 10/12/14 years to go from.
• 15:26
  Exploring if if you even find any silver, spend millions and
• 15:32
  millions of dollars trying to find silver.
• 15:34
  It takes like 1012 years to go from.
• 15:37
  That that discovery of silver, if you discover it all the way
• 15:42
  through the point. Where you can actually mine the
• 15:45
  silver and supply it to the industry.
• 15:47
  We could be in for a decade, multiple decades possibly,
• 15:53
  right? Because the deficit will.
• 15:54
  Continue to grow and grow and grow and guys, I got news for
• 15:58
  you coming about silver that is this is not it.
• 16:02
  This is not it. It gets even better.
• 16:04
  OK, but it takes decades. And Dec We could be in, we
• 16:08
  could. Don't make any financial
• 16:10
  decisions based upon what I say today, but we could be in.
• 16:12
  For decades and decades of crazy.
• 16:16
  Imbalance in the silver market and the only thing that's going
• 16:19
  to fix that is skyrocketing prices.
• 16:22
  Yeah, the people that say oh. Ron, one day you say $50 silver,
• 16:26
  one day you say $85 silver. I'm going to say, you know,
• 16:29
  remember those days right when we're sitting?
• 16:32
  At $124 an ounce silver price because I think.
• 16:36
  It's going to happen and I think it's going to happen in my
• 16:38
  lifetime. Don't make any financial
• 16:40
  decisions based upon what I say. That's just my.
• 16:43
  Opinion. That's my belief.
• 16:44
  You're entitled to your own beliefs and your own.
• 16:46
  Opinions and I highly encourage you to do your own research and
• 16:49
  come up with your own thesis, but I feel pretty good.
• 16:52
  About owning some silver, speaking.
• 16:54
  Of which and now the moment. The first moment and then the
• 16:59
  second moment you've all been waiting for.
• 17:02
  I got another package. I'm super excited about this.
• 17:05
  One as well. This one came from my friend JB.
• 17:09
  OK, he's such a nice person, such a huge supporter of the
• 17:13
  channel, and this and many levels brought a big smile to my
• 17:16
  face. OK, let's unpack this and see
• 17:19
  what's in here. Oh, an envelope.
• 17:25
  That's heavy. OK guys look at this.
• 17:33
  That is a 5 oz. I'm overwhelmed with gratitude.
• 17:38
  Yeah, there is a nice shot of it.
• 17:39
  I'm overwhelmed with gratitude and I don't know what to say.
• 17:45
  To my friend JB, who sent this to me.
• 17:47
  I love it. It's beautiful.
• 17:49
  And I left it on the piece of cardboard it was.
• 17:51
  Taped on because I don't know if you can read that, but it says
• 17:55
  where. Ron lives debasement and the
• 17:57
  coin, the round says debasement on it.
• 18:01
  So thank you so much my friend. Wow.
• 18:05
  I don't know what to say. Like I said, you guys.
• 18:08
  Owe me nothing, but the generosity is so appreciated.
• 18:13
  From all my fellow basement dwellers, absolutely
• 18:16
  appreciated. We're going to talk about
• 18:18
  shocking. News about Chrysler.
• 18:20
  Remember Chrysler? Interesting, but first.
• 18:24
  What I promised you and I'm going to deliver on, is right
• 18:27
  now new news about Silver. Something you probably have.
• 18:32
  Never heard of Have you heard of COP?
• 18:35
  28 COP 28 It's a big conference that's going to be going on this
• 18:41
  late November, early December in Dubai.
• 18:44
  I got to ring the bell. Hey, hey, thank you guys.
• 18:46
  We got 100 thumbs up. That means I ring the bell 10 *
• 18:49
  1 Ring of the bell for each 10. Thumbs up OK Cop 28.
• 18:57
  This is the biggest story, right?
• 18:59
  Now that nobody's talking about for Silver.
• 19:02
  And I'm going to explain to you why.
• 19:04
  Have you heard of the Paris Accords that?
• 19:06
  Was a climate accord that was the result of COP. 21 COP stands
• 19:12
  for Conference of Parties. It has.
• 19:14
  Something to do with the United Nations?
• 19:17
  It's a group of the largest. World industrialized countries.
• 19:21
  Coming Together, Coming Together and and setting out climate
• 19:26
  change initiatives. OK, so.
• 19:29
  Cop 21 was the Paris Accords. They're trying to keep the
• 19:34
  temperature of the Earth. From going above 2° increase as
• 19:39
  when they compare it to the industrial revolution, a pre
• 19:45
  industrial revolution. So they compare the average
• 19:47
  temperature now to the average temperature.
• 19:49
  Between like the year 1850 and 1900, this has everything to do
• 19:54
  with silver. So hold.
• 19:56
  Your horses? OK, Part of that is climate.
• 20:00
  In it, you know, this whole climate change, this channel is
• 20:02
  not about debating whether that's real or not.
• 20:05
  I'm just telling you what's going on.
• 20:07
  COP 28 is coming up and they are freaking out, OK?
• 20:12
  They are freaking out about the rise in the Earth's.
• 20:16
  Temperature. All right.
• 20:17
  OK now, now the one in Dubai, they're they're they're going to
• 20:21
  be basically. Let me read this to you.
• 20:25
  Bear with me here. There's a lot of information I
• 20:27
  want to make sure I get this right.
• 20:29
  OK here, COP 28 chief, says groups urging tripling.
• 20:42
  OK. Tripling of renewable.
• 20:44
  Capacity by 20-30 let's. Just dig in here for a little
• 20:48
  bit. Bear with me.
• 20:49
  This is from Abu Dhabi, the the president of next month's COP 28
• 20:54
  climate Summit and two renewable energy organizations.
• 20:57
  On Monday, the urged governments to triple renewable energy.
• 21:02
  Capacity by 20-30 as part of efforts to stop global warming
• 21:08
  exceeding 1.5°. Celsius countries hope to strike
• 21:12
  a deal on the increasing capacity.
• 21:14
  At the latest round of global climate negotiations set to get
• 21:18
  underway in Dubai in late November.
• 21:20
  Which will focus on gaps in the implementation.
• 21:24
  Of the 2000 15 Paris. Accords that established the
• 21:29
  1.5% ceiling. Guys, this is this is crazy
• 21:33
  because we're going to do a little math.
• 21:35
  Simple math here in a second. Renewable energy Capacity Needs
• 21:39
  to quote, reach more than 11,000 Gigawatts by 20-30 the United.
• 21:44
  Arab Emirates is saying this as well.
• 21:47
  OK, they're an oil producer. Think about that.
• 21:49
  That's an oil oil country saying that, the International
• 21:53
  Renewable Energy Agency and the Global Renewable Alliance said
• 21:57
  in a joint report. Most major economies are already
• 22:02
  on board with that goal tripling the.
• 22:06
  Amount of renewable energy OK group of 20 nations, among them
• 22:11
  China, the United States and India.
• 22:15
  Agreed in September to pursue efforts to triple renewable
• 22:18
  energy capacity by 20-30. Oh my God.
• 22:22
  Triple do. You know how much silver goes
• 22:25
  into a solar panel? Yes, OK.
• 22:28
  Do you know that the new generations of solar panels and
• 22:32
  there's a little bit of debate on this, but the most people
• 22:35
  from what I've been able to understand.
• 22:36
  Will say that the newer generations of solar panels
• 22:39
  actually use even more silver, so we're going to have
• 22:44
  significantly more solar panels being manufactured.
• 22:49
  That are also going to require even a greater amount of.
• 22:54
  Silver, we know that this year. Solar Solar.
• 22:59
  The Solar at minimum is going to use 100.
• 23:01
  And 60 Thank you, Muhammad. For the Super Chat.
• 23:04
  Wow, Michael, I'm sorry, Michael.
• 23:06
  I don't know how I saw Muhammad. Michael J, thank you for the.
• 23:10
  Super Chat we so we we know, OK? OK, tripling the capacity.
• 23:15
  Let's take this one step at a time.
• 23:16
  We're not saying we know that this year we've used 160 million
• 23:22
  oz minimum. Some people say 200 million
• 23:24
  ounces of silver for the solar panel industry alone.
• 23:29
  Let that sink in. OK.
• 23:31
  That's like 1/4 of all the mine production, All right.
• 23:35
  That's this year, OK. Now what we're talking about is
• 23:39
  in the next. Six years, Tripling the amount
• 23:44
  of installed. Solar capacity in the world
• 23:47
  right now, not just tripling what they made this.
• 23:50
  Year Tripling. What?
• 23:51
  They made this. Year in the 15 years prior, all
• 23:55
  of that, they want to triple that number, which would be a
• 23:58
  much higher number, I don't know what.
• 24:01
  That would be, but we know it would be significantly.
• 24:04
  Higher. Way, way crazy.
• 24:08
  Higher when it comes to the amount of solar panels that
• 24:11
  would need to be manufactured. To triple take all the solar
• 24:15
  panels in the world right now, not just.
• 24:18
  What was made this year? Triple that number and that's
• 24:21
  what they want to have by the year 2030.
• 24:24
  Just six years from now. Basically guys were already in
• 24:28
  mid November. Think about that and all those
• 24:31
  additional panels would. Very likely require even more.
• 24:38
  Silver per panel than all. Those other old panels that are
• 24:42
  in existence right now? It's mind boggling.
• 24:46
  Look it up for. Yourself Cop 20 Eight.
• 24:47
  This was actually an article from Reuters.
• 24:50
  So this is not some, you know, obscure guy in his basement in
• 24:54
  Saint Louis saying this? No, this was from.
• 24:58
  Yeah. Reuters.
• 25:00
  Reuters OK, it's mind boggling. And again, even the amount of
• 25:06
  silver. Being used this year in solar
• 25:08
  panels, right on the low end, 160 million oz.
• 25:13
  I don't know. I mean, are you feeling good
• 25:16
  about an investment in silver? I am.
• 25:19
  I am. We know the.
• 25:21
  AI thing is going to demand. More silver.
• 25:23
  We know electric cars demand way more silver and more and more
• 25:28
  electric. Cars are being manufactured and
• 25:30
  we know. Gosh darn it, we know.
• 25:34
  We know that the mine supply is going down.
• 25:38
  We know. That we're in this weird little
• 25:40
  window of opportunity right now when it comes to Silver.
• 25:44
  This is just my opinion. Where the price has been
• 25:47
  artificially suppressed, right? By the people at the Comex and
• 25:52
  the LBMA, they put it down, put it down, put it down.
• 25:55
  So we've. Got low price and silver, we've
• 25:58
  got low pipeline. Right, there's no pressure.
• 26:01
  It'd be like if you turned on your water pressure and just.
• 26:03
  There's the hardly anything and there's no new.
• 26:05
  Pressure coming through, but when we look.
• 26:08
  Out and you don't have to. Be, you know, have Supernatural.
• 26:12
  Powers to look out 5-10 years from now to see that what we're
• 26:17
  heading toward is a wave of new demand.
• 26:21
  A wave of new interest in the silver market.
• 26:30
  Let me Know what you think. You know what?
• 26:32
  Type, Type, Type. The number 88 is great in the
• 26:38
  chat. If you think we're going to get
• 26:39
  a new wave and I got to do it myself if I.
• 26:42
  Ask you to do something. I'm going to do it myself.
• 26:45
  You know the other. Thing I did recently, I went to
• 26:47
  www.ronsbasement dot com and registered.
• 26:52
  So that I can participate in the forum there if.
• 26:55
  You get a few free spare moments.
• 26:57
  Go do that as well. That's where we're all going to
• 27:00
  start hanging out. We're incubating it right now,
• 27:03
  but. That's where we're all going to
• 27:04
  hang out for the chant. Like we look at all those
• 27:06
  eights. You guys are awesome.
• 27:07
  Silver lunatic in the house. Silver lunatic.
• 27:12
  That's where we're all going to be able to go 24 hours a day,
• 27:15
  not just during the live streams.
• 27:16
  If it's two in the morning and you can't sleep and you're like
• 27:18
  I want to talk to another basement dweller, well you can
• 27:21
  go to WWW dot. Ronsbasement.com Once we get
• 27:25
  this sucker, a full throttle ahead and you'll be able to
• 27:28
  connect with other basement dwellers.
• 27:30
  All right, let me make sure. So yeah, 3:00 to 4:00 times more
• 27:37
  solar, OK? 2030, It's only four years from
• 27:44
  now. OK.
• 27:45
  All right, let's. Let's, let's, let's, let's shift
• 27:49
  gears here. We got the big CPI miss this
• 27:53
  morning. Inflation's going down because
• 27:55
  the economy is crashing. I'm OK.
• 28:04
  Thank you for your concern, but what other news did Did OK
• 28:09
  Inflate Gee? You're the economy is in a state
• 28:13
  of recession, do you feel? It I do my hands up right our.
• 28:18
  Bills are through the roof, right?
• 28:21
  Homeowners insurance, electric, gas trying to feed 211 year
• 28:25
  olds. Americans are are getting
• 28:27
  desperate, OK? They really are right living on
• 28:30
  their credit. Cards taking money out of their
• 28:32
  four O1 KS. All that crazy stuff.
• 28:36
  Somebody give me an update is. Gold still up $15 per oz.
• 28:40
  Somebody put a somebody put it in the chat, 'cause I can't stop
• 28:43
  thinking about it. I'm going to be distracted.
• 28:47
  So we know, we know that this economy is is going down the
• 28:52
  tubes. The inflation's down The new
• 28:53
  narrative now. Is oh the the Fed's done right.
• 28:57
  Well, we've been talking about that for like the last I said it
• 28:59
  for the last month, I was finally right about something.
• 29:03
  But what other news do we have? What?
• 29:07
  Big story broke yesterday. What does this make you think
• 29:10
  when you hear this? OK, hold on.
• 29:14
  This has to do with Chrysler. My dad had a Chrysler 300 M and
• 29:19
  it was funny. We were driving back from Gulf
• 29:22
  Shores and he was like. What's that company that owns?
• 29:25
  And I? I'm so out of it when it comes
• 29:26
  to cars. I'm not a car guy. $22.00 up
• 29:31
  Woohoo yes baby. Silver's up $0.75.
• 29:36
  Thank you, Craig. Thank you guys for
• 29:39
  participating. OK.
• 29:41
  OK. And if you want to get your
• 29:42
  hands on some gold in the ground?
• 29:45
  Go check out First Mining Gold www.first Mining gold dot.
• 29:50
  Com, They've got 13, 1,000,000 ounces of gold in the.
• 29:53
  Ground. They aren't exploring for gold,
• 29:56
  OK? Excuse me.
• 29:58
  They've already have the gold. They've already, it's already
• 30:01
  been drilled. They know it's.
• 30:02
  There they are doing some exploration to add to it, but.
• 30:06
  They've got a defined resource of 13 million ounces of gold in
• 30:09
  the ground in Canada. They're a development stage
• 30:12
  company started by Mr. Keith Newmayer.
• 30:15
  Go check them out and if you want to talk to somebody at the
• 30:18
  company, reach out to Paul Morris.
• 30:20
  I'll put his e-mail address in the description of this video.
• 30:25
  Give me a second. I need to get a drink of water.
• 30:27
  I'm going to cough on you. OK, all better now.
• 30:38
  So. The economy is crashing.
• 30:39
  That makes inflation go down. What proof?
• 30:42
  Do we have? What does this make you make you
• 30:44
  think? Stellantis offers buyouts to
• 30:48
  roughly half of their US salaried workers.
• 30:53
  Chrysler parent Stellantis Now they also own like Jeep and I
• 30:57
  think Dodge and Ram and other other brands as well.
• 31:02
  So the parent company of the of. Chrysler Dodge Ram will offer
• 31:05
  buyouts to roughly half, half of its.
• 31:09
  US white collar employees to reduce headcount and cut cost at
• 31:15
  the automaker's North American operations.
• 31:18
  This economy is cruddy. You know, Speaking of my dad,
• 31:21
  there's actually. A Jeep Chrysler Jeep dealer
• 31:23
  across the street about a block from where he lives.
• 31:26
  And I always, every time I go over there, I'm, I'm just
• 31:29
  shocked. At all the cars in the lot, I
• 31:32
  mean it. It is not good.
• 31:33
  Who can who can afford 40K for a new Jeep?
• 31:37
  Not me. No can you are.
• 31:40
  You going to go spend? I mean, I look at Jeeps and I'm
• 31:41
  like, those things are cool, but who's going to spend 40, 1000 on
• 31:45
  a Jeep, 20,000 maybe, you know? Anyway, the.
• 31:50
  Voluntary separation packages will be offered, too. 6000, 400
• 31:56
  of the 12,700, so that's Officially, more than 50 percent
• 32:01
  non bargaining US employees. It's the second time that
• 32:06
  they're doing this. Detroit Chrysler is offering
• 32:08
  buyouts to half of its white collar employees, blah, blah
• 32:11
  blah. Why do they repeat all this?
• 32:14
  This came from CNBCC. NBS So we'll take it all with A
• 32:18
  with a grain of salt. Here the as the quote.
• 32:24
  As the US automotive industry continues to face challenging
• 32:27
  market conditions, Stalantis is taking the necessary.
• 32:30
  Structural actions to protect our operations and the company.
• 32:35
  The company is telling us that they're having hard times and
• 32:40
  those are brands that had been doing very, very well.
• 32:43
  OK oh man, I lost my spot. What?
• 32:51
  What happened here? OK, they're gonna OK, Stellantis
• 32:55
  said in an e-mail statement. As we.
• 32:57
  Prepare for the transition to electric vehicles, Stellantis
• 33:01
  announced today. It will.
• 33:01
  Offer electric vehicles? Don't they use silver?
• 33:08
  Don't they? 350 of you people, Can you
• 33:11
  please give this a thumbs up 100?
• 33:13
  And 78 of you have. I'd really like to get to 2 100
• 33:16
  so I can ring Joe FS Bell. That's what I do at 200 thumbs
• 33:20
  up, but more importantly can. I ask you a favor quickly.
• 33:23
  A lot of you already are subscribed.
• 33:26
  I have a hard time with that word subscribed to the channel
• 33:29
  and I appreciate that. To those of you who are new,
• 33:32
  I'll put out a new. Piece of content every day for
• 33:34
  the rest of my life. You got a new friend in the
• 33:36
  basement? Really.
• 33:37
  Seriously, I'll be your friend. I'm going to do.
• 33:40
  This at least one piece of content today for the rest of my
• 33:43
  life. At least so you can hang out in
• 33:45
  the basement. Consider yourself welcome.
• 33:47
  Here lot of great people please subscribe to the channel.
• 33:51
  It'd be very very much appreciated.
• 33:53
  We. Almost have 200 thumbs up we're.
• 33:55
  Trying to get to 30,000 subscribers by the end of the
• 33:58
  year so we can have a big party. OK, now.
• 34:02
  Oh, we. Got it.
• 34:09
  Some people don't like the bells.
• 34:11
  Some people do like the. Bells.
• 34:13
  You know the bells are. Part of the show now, so they're
• 34:17
  going to. Transition to electric vehicles.
• 34:19
  He didn't say this, but in parentheses.
• 34:21
  He should have said. And we're going to need a
• 34:22
  boatload more. Silver for that, right?
• 34:25
  Yeah, no doubt about it. But Bob will offer separate
• 34:29
  voluntary separation packages. The company pursue other
• 34:33
  interest with a favorable package of benefits.
• 34:35
  We're going to lay a bunch of. People off because we're losing
• 34:38
  money because the US economy stinks.
• 34:40
  That's. What?
• 34:41
  He said. OK, A Stellantis spokeswoman
• 34:46
  declined to comment on how many people.
• 34:48
  Or total cost the company would like to cut.
• 34:50
  She also declined to comment on whether.
• 34:52
  Involuntary layoffs are planned. Huh.
• 34:55
  Interesting. Well, anyway, that's what's.
• 34:59
  Going on in our country, that's. What's going on in our world?
• 35:02
  We got companies laying people off.
• 35:05
  What about FedEx? What does it mean when FedEx?
• 35:08
  Tells their freight pilots, the people that fly the big FedEx
• 35:12
  freight airplanes that move things around the country, right
• 35:16
  the arteries and veins. Of the US economy when?
• 35:19
  FedEx tells their pilots, hey, we'd.
• 35:22
  Really like you to leave the company?
• 35:25
  Why don't you go fly for American Airlines before?
• 35:27
  We lay you off. Yeah.
• 35:35
  Try to get a job as a trucker. Call a trucking company, right?
• 35:38
  Say, hey, I heard there's huge demand for truck drivers.
• 35:41
  No, I'm going to tell you how different it is.
• 35:45
  I remember two years ago. Driving across the country, and
• 35:48
  I would. Strategically avoid gas stations
• 35:51
  because my kids. Would beg for Icees and candy
• 35:53
  and everything else and every time we.
• 35:55
  Went to a rest stop. All I would see were racks after
• 35:58
  racks with these really attractive brochures.
• 36:01
  I actually picked a couple UPS like, man, this.
• 36:03
  Looks like a good deal of offering.
• 36:05
  Unbelievable amounts of money for people to become truck
• 36:09
  drivers because. There was such a demand for
• 36:11
  truck drivers. This we just got back from a two
• 36:14
  day 700 mile 1500 mile round trip journey.
• 36:18
  And we stopped at A lot of the same truck stops.
• 36:21
  I didn't see one iota, one sign of any truck company wanting to
• 36:27
  hire people. Remember when you'd be driving
• 36:29
  down the highway and on the back of the big?
• 36:31
  40 foot trailers you'd see drive for.
• 36:33
  Us you can make $0.80 a mile you can All that's gone.
• 36:38
  All of that is gone. This economy is in a precarious
• 36:42
  it's at a tipping point right now.
• 36:46
  It already in a recession. OK guys, The gig.
• 36:52
  Is up. All right.
• 36:53
  It's going to be very interesting.
• 36:54
  I appreciate you joining me today.
• 36:56
  Have a great day and I'll see you soon.