Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / Renowned DUTCH Analyst Changes Stance on Silver Price and Gold Price

Transcript

Renowned DUTCH Analyst Changes Stance on Silver Price and Gold Price · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  I don't mean to be so optimistic about the silver and gold price.
• 0:03
  I just am optimistic about the silver and gold price.
• 0:06
  Sometimes I get a little heat for my thumbnails, $50,000
• 0:11
  silver. Hey, I didn't say it.
• 0:12
  I'm just reporting the facts. The guy actually said $217,000
• 0:19
  silver. So don't get mad at me.
• 0:21
  I think it could go even higher, right?
• 0:23
  With a worthless dollar and a more and more worthless dollar.
• 0:28
  Nothing is out of the question. But today we're going to talk
• 0:32
  about, quote, quote, a Super Bowl, not Super Bowl like we had
• 0:37
  a few weeks ago, football. A Super Bowl as in terms of a
• 0:42
  super good market in silver and gold.
• 0:47
  And who said that? And why would we be smart to pay
• 0:51
  attention? There's a guy named Charles
• 0:53
  Nenner. He's Dutch, but he also is a
• 0:56
  doctor, an MD, and he's also a former Goldman Sachs employee.
• 1:01
  He was a medical doctor and Goldman Sachs like identified
• 1:05
  him as a super smart guy and hired him.
• 1:08
  And he does all kinds of work based on all types of
• 1:11
  commodities, all types of the markets, right natural gas, the
• 1:15
  S&P 500, you name it. This guy analyzes it all and he
• 1:19
  is a very unique perspective which utilizes things like
• 1:23
  cycles and charts and and things that really a lot of us probably
• 1:29
  can't understand. But he has an uncanny ability to
• 1:32
  predict the future, especially when it comes to the silver
• 1:36
  price and gold price. And what did Niner have to say?
• 1:40
  Let's listen to what Niner have had to say and what did he say
• 1:43
  about what the wealthy are doing that should really have us our
• 1:47
  ears perking up. OK, this does come from Zero
• 1:51
  Hedge And Greg Hunter from USA Watchdog had this interview,
• 1:55
  this breaking interview with Charles Nenner.
• 1:58
  And remember this about Charles Nenner.
• 2:00
  He's not one of these guys who's always saying gold should be at
• 2:05
  3000, silver should be at $50. No, he actually gets bearish on
• 2:10
  gold and silver and has been so it says.
• 2:12
  Renowned geopolitical and financial expert Charles Nenner
• 2:17
  has been warning of a huge war and financial cycle and it's
• 2:23
  clear both continue to build. So he's talking about the war
• 2:29
  situation in the world getting much, much worse.
• 2:32
  Now he does zoom in on silver and gold, so stay with me here.
• 2:36
  But as we think about this financial cycle that we're in,
• 2:41
  doesn't it make sense that we're going to see a continued credit
• 2:45
  collapse, all this government debt?
• 2:48
  And we're not even talking about just the federal government,
• 2:50
  we're talking about state government municipalities in the
• 2:54
  United. There's massive amounts of debt
• 2:56
  on the government level. There's massive amounts of
• 2:59
  corporate in business debt in the United States.
• 3:02
  There's massive amounts of household debt, you know, credit
• 3:05
  cards, cars, all of it right when it all starts to crumble.
• 3:10
  And we talked yesterday about extras, pyramid, right, silver
• 3:15
  and gold or at the bottom, all that debt.
• 3:17
  When a couple of those bricks start to fall out.
• 3:20
  We saw one of the big bricks fall out last year, about one
• 3:23
  year ago when we had the banking crisis.
• 3:26
  But when they all start to crumble down, right, they're
• 3:29
  going to make a big splash. But they're also, and we don't
• 3:32
  need, we don't need and we don't want the whole system to
• 3:35
  completely collapse and for there to be mass suffering.
• 3:38
  But it's just going to take a little bit for a lot of money to
• 3:43
  go into the silver and gold markets, OK?
• 3:47
  He says. Let's talk about the war cycle
• 3:48
  first. The war cycle will continue to
• 3:51
  amplify, he says, until World War Three breaks out.
• 3:56
  That's not good. Meanwhile, unpayable, Let me re
• 4:01
  emphasize that word, unpayable debt will continue to explode
• 4:08
  until another Great Depression hits America.
• 4:13
  Once again. I'm just telling you what Greg
• 4:16
  Hunter says, OK, he says. Now this is where, as a silver
• 4:22
  and gold investor, you want to perk up.
• 4:24
  Standing in the gap is gold and wait for a wait.
• 4:28
  And the wait for a bull market is about over, he says, Quote,
• 4:33
  the dollar's buying power could possibly be cut in half, right?
• 4:39
  The dollar's buying power, Half of it.
• 4:41
  Poof. Gone is that out of the
• 4:43
  question? I mean we know that that that
• 4:46
  the dollar's lost 98% of its value relative to gold since
• 4:51
  1971, right? We know the dollar's lost half
• 4:55
  of its buying power probably in the last what, 12 years alone.
• 4:59
  So to see that happening is everything escalates.
• 5:03
  Remember all of this debt, I think like 10 trillion of the
• 5:07
  federal national debt has been added just since the C19 crisis.
• 5:12
  I mean everything is escalating and growing at a much, much
• 5:16
  faster pace. Thank you, Craig.
• 5:18
  Thank you for that super chat and thank you all for being
• 5:20
  here. Please give this a thumbs up.
• 5:22
  When we get to 100 thumbs up, I will ring the bell 10 times.
• 5:25
  We're only going to be on here for a short period of time.
• 5:28
  So you better hurry up and do it.
• 5:29
  And don't forget if you like coming to the basement.
• 5:31
  I love having you here. I'll put out a new piece of
• 5:34
  content every day about silver, gold, geopolitical stuff.
• 5:37
  We're looking at the big, big, big, big picture.
• 5:40
  Thank you, Ron McAdams, for that super chat.
• 5:42
  You can subscribe to the channel.
• 5:44
  It is absolutely free. OK.
• 5:49
  So we already know the dollar's been cut in half.
• 5:54
  And like the last 12 years, now that everything has escalated,
• 5:58
  right? They kicked the can, the can
• 6:00
  turned into a barrel, the barrel turned into a trash dumpster.
• 6:04
  You know, one of those big metal dumpsters they have behind Taco
• 6:07
  Bell, right? You can't kick those things.
• 6:09
  Go try for yourself. Maybe Jake from Jake's custom
• 6:13
  parts could go try and rake. I mean, it might take like 30
• 6:16
  people kicking it to get it to move one inch.
• 6:19
  And that's where we are because everything has escalated.
• 6:22
  Thank you, Daniel, for the Super chat.
• 6:24
  Now, now, right. So when?
• 6:27
  When? When?
• 6:28
  When the next crisis occurs? When the next problem occurs.
• 6:30
  Niner's talking about World War Three.
• 6:33
  Uh, huh. And the Great Depression.
• 6:35
  Not a real optimistic report from Charles Niner.
• 6:38
  And he's he can. He's a funny guy and a nice guy
• 6:42
  and a very smart guy. But that's what he sees in his
• 6:45
  analysis, he says. That's the reason.
• 6:49
  Listen up gold and silver investors, he says.
• 6:52
  Quote, that's the reason why we expect a Super Bowl market in
• 6:58
  gold and silver when the cycle bottoms.
• 7:03
  You remember I came on and said it's coming and coming but not
• 7:07
  yet, right? So he's been saying, I, I follow
• 7:10
  Charles Nanner whenever you can, right?
• 7:13
  He doesn't give a lot of interviews and he's been saying
• 7:15
  like not yet, not yet. It's not good.
• 7:19
  I say it was too early, but now, right now we're getting very
• 7:24
  close to that bull market. Excuse me, Gold could still have
• 7:30
  one more down move, OK, that's what he's saying.
• 7:33
  We can still have one more down move because the stock cycles
• 7:37
  are still down. He says he doesn't believe in
• 7:40
  Bitcoin or the price and he didn't say that we're not an
• 7:43
  anti Bitcoin channel. We don't really talk about
• 7:45
  Bitcoin, but he does say he doesn't think that Bitcoin will
• 7:48
  hit 100,000 based on his work. OK, he does think that this is
• 7:53
  where it gets a little scary. He does think the war cycle will
• 7:56
  continue to build in 2024, but all bets are off in 2025, and
• 8:03
  that's where it gets scary. Hey, I want to say thank you to
• 8:05
  channel sponsor Pinbex for making this live stream
• 8:08
  possible. If you want to get yourself some
• 8:09
  silver, gold, platinum, and you want to get the best price, best
• 8:13
  service, and best selection, do yourself a favor.
• 8:16
  Just throw them into the mix. Next time you're searching
• 8:19
  online for silver gold, compare what they can do to what the
• 8:23
  other online bullion dealers can do.
• 8:25
  I think you'll find what I found.
• 8:27
  They check all the boxes and you will get more metal for your
• 8:30
  money. Thank you Penn Becks for being a
• 8:32
  sponsor of Ron's Basement and of course, Fortuna Silver.
• 8:36
  You can learn more about them at fortunasilver.com and 1st Mining
• 8:42
  Gold. You can learn more about them at
• 8:44
  firstmininggold.com. So what does Nenner say about
• 8:47
  War Heading our way? He says.
• 8:50
  He says this is, this is interesting.
• 8:52
  He gives us a little insight because he works with a lot of
• 8:54
  ultra wealthy people, Real rich people, right?
• 8:58
  He says his wealthy clients see dark days ahead for the world
• 9:04
  and have actual bunkers to to go along with a bunker mentality.
• 9:11
  He's saying the ultra wealthy that he works with are building
• 9:15
  bunkers. OK, Nener Nener thinks domestic
• 9:18
  terror and even war is coming to America in a big way.
• 9:23
  Nener is still forecasting This is scary. 2 billion people will
• 9:28
  die in the next global war and the only way we get a body count
• 9:33
  that high is with nuclear weapons.
• 9:35
  Let's pray that doesn't happen. Let's pray that.
• 9:39
  But Mr. Nenner is saying could happen and that would be in the
• 9:43
  in the coming few years that that does not come to fruition,
• 9:48
  OK? He talks about the election in
• 9:50
  2024 and he thinks Donald Trump will win.
• 9:53
  Nenner warns that problems in America, this is, this is what
• 9:57
  he says. Problems in America are too big
• 10:01
  for any one person to actually fix.
• 10:05
  Nenner still thinks if you know winter is coming, you cannot
• 10:08
  stop it, but you can get a winter coat.
• 10:11
  And he thinks this is not a political channel, but he thinks
• 10:15
  Trump is the winter coat. So Super Bowl cycle coming for
• 10:22
  gold. What about silver?
• 10:23
  What about what Tavi Costa said over the weekend, right?
• 10:27
  We talked about what Tavi Costa said about silver, $100 silver,
• 10:32
  triple digit silver. Starting to sound like Keith
• 10:35
  Neumeyer, right? The chairman and founder and CEO
• 10:39
  of First Majestic Silver, $100 silver.
• 10:43
  Why is Toby? Why is why is Charles Nenner
• 10:46
  calling for a Super Bowl cycle? I think we can consider that to
• 10:50
  be maybe $100 silver. But why?
• 10:52
  Why did Toby Costa call for $100 silver?
• 10:56
  He looks at the long term chart of silver and incorporates into
• 11:01
  it the fundamentals going on right now in the silver market.
• 11:06
  I heard Keith Neumeyer this morning say that he's projecting
• 11:10
  that 2023, the numbers aren't out yet, but that there may be
• 11:15
  as high as 1.4 billion ounces of silver that were demanded by the
• 11:21
  market guys. The mining sector's only pumping
• 11:24
  out about 800 million right now. That would be, if my mathematics
• 11:28
  are correct, about a 600 million, a 600 million oz
• 11:32
  deficit. I mean the silver, we know
• 11:35
  netter's focused in on gold, but this silver situation is
• 11:40
  absolutely crazy. But yet today here we set the
• 11:45
  prices down 2%, right? We're hovering above $22.00.
• 11:50
  I'm hearing some other analysts say that right now, the way
• 11:53
  things are set up right, that the price had been having been
• 11:57
  compressed. See if I can get this.
• 11:59
  It's coming at you. It's been compressed, right?
• 12:03
  That if we get above 2350 that we could be in for a big, big,
• 12:08
  big run. I'm hearing it described as a
• 12:10
  slingshot move in silver, meaning gold goes up, but silver
• 12:15
  really has a massive move, a real slingshot move is how they
• 12:20
  are referring to it. You know and I and I'll tell you
• 12:23
  what we can't. You know when when we talk about
• 12:26
  these mining companies out there right now, the valuations in the
• 12:30
  silver and gold mining sector by any metric, by any measurement,
• 12:35
  by any ratio, by any type of technical analysis that you want
• 12:40
  to do on the value of the mining sector, it is at at historic low
• 12:47
  levels, the volume of shares being traded.
• 12:50
  When you compare the, the Hui, the Huey Index which is like
• 12:54
  what the 16 biggest gold mining stocks to the value of gold,
• 12:58
  that ratio has never been lower. It's touched in the same range
• 13:02
  where we are right now. But it's unbelievable what's
• 13:06
  going on and it only paints a brighter picture for the price
• 13:10
  of silver and the price of gold as we move into the next 10
• 13:14
  years. Why, you may ask?
• 13:17
  Why? Well, think about it.
• 13:19
  There's no money going into the precious metals mining sector,
• 13:24
  very little. And every single day when that
• 13:27
  gold mining company like Fortuna Silver, which actually mines
• 13:30
  more gold than silver, and they're very successful at it.
• 13:34
  But every time mining companies pull an ounce of gold or silver
• 13:37
  out of the ground, right, it's gone.
• 13:40
  It's a it's a depletion business, OK?
• 13:44
  And this and the pipelines aren't being filled up because
• 13:48
  there's just not money for the big, big.
• 13:50
  I heard the other day like the reserves of the big gold mining
• 13:55
  companies, the Newmont's, the barracks, whatever, and this is
• 13:58
  just what I heard someone say are down like 40% in the last 10
• 14:03
  years. That means right now, compared
• 14:06
  to 10 years ago, these big giant mining companies have 40% fewer
• 14:11
  ounces in their reserves, meaning what they can mine in
• 14:15
  the future that is going to absolutely bleed through into
• 14:21
  this market. Because think about this little
• 14:23
  bonus feature for you my friends.
• 14:25
  Did we get to 100 thumbs up? Can we please get to 100 thumbs
• 14:28
  up? We got 200 basement dwellers
• 14:31
  here today. You can do it.
• 14:34
  Press that thumbs up. I'll ring the bell 10 times as a
• 14:36
  demonstration of my warm fuzzy feelings for you basement
• 14:41
  dweller, each and everyone of you who's decided to join me
• 14:44
  here today. And there's a bonus feature,
• 14:46
  right? There's a bonus feature because
• 14:48
  when we talk about, it's very acute in the silver market,
• 14:52
  right? The fact that there's not silver
• 14:55
  being discovered or developed in the world.
• 14:58
  It's also very acute in the gold sector.
• 15:02
  But, but, but it's there. There's there's something you
• 15:06
  need to remember, OK? There's one big thing you need
• 15:10
  to remember. And these mining stocks are
• 15:12
  priced like they're going out of business, all right?
• 15:15
  And that will impact the supply of silver and gold in the
• 15:18
  future. And the one big kicker you got
• 15:21
  to remember that as those mining companies are in a depletion
• 15:25
  business, they're every oz they they dig up out of the ground is
• 15:28
  1 less oz. They have to dig up out of the
• 15:31
  ground in the future. The big, big, big kicker is the
• 15:36
  demand for silver. The demand for gold is not going
• 15:43
  away, OK? It's not like they're making
• 15:46
  bug. These mining companies are
• 15:47
  making buggy whips. Remember buggy whips?
• 15:50
  I never had a buggy whip. You probably didn't either
• 15:52
  because they went away 150 years ago.
• 15:56
  Everybody had a buggy whip. Why?
• 15:58
  Because when they got on their horse and they got on their
• 16:00
  buggy, they needed to whip their horse to get the horse to go
• 16:04
  right. But technology changed.
• 16:07
  Automobiles came around. Buggy whips were no more, no
• 16:09
  longer necessary. Gold and silver are not going
• 16:15
  away. Do we Don't even need to go down
• 16:17
  the path of demand for silver. We know it is huge.
• 16:22
  And what about gold? I mean, you can think about gold
• 16:24
  and say, well, gold. Remember, Remember that old
• 16:26
  gold's just a barbarous relic. Oh, really?
• 16:28
  OK, Well, then give me all your gold Mr. Barbarous Relic.
• 16:32
  We'll take it. I'll distribute it evenly
• 16:34
  amongst all the basement dwellers.
• 16:35
  Let me have a little sip of water, make sure that mic's on.
• 16:44
  For those of you who were with me a few weeks ago and I talked
• 16:46
  for like 5 minutes with the mic on mute, right.
• 16:50
  Gold. Gold was, I mean silver, right?
• 16:52
  You know, the industrial demand, I'll just say that, right?
• 16:56
  It's not going away. These are not the demand for
• 16:59
  this product is not going away. Gold, the demand for gold is not
• 17:03
  going away. The demand for gold when we
• 17:06
  won't go down that path either, right.
• 17:07
  But the central banks, investors, it's going through
• 17:11
  the roof. Do you think it's just going to
• 17:13
  disappear? No.
• 17:17
  So when we have continued demand and a reduction in supply, what
• 17:23
  we have is a recipe, right? Price fixes everything.
• 17:28
  You probably have heard that price does fix everything.
• 17:32
  All right, On top of that. On top of that, we've got this
• 17:36
  crazy notion that we're measuring the price of silver
• 17:40
  and gold in dollars. If you're in the United States,
• 17:43
  we've got somebody on here from the United Kingdom.
• 17:45
  He measures it in what? Pounds, right.
• 17:48
  If you're in China, well, yuan. If you're in Japan, joining us
• 17:53
  from Japan, you measure it in yen.
• 17:55
  All right. If you're in Venezuela, you
• 17:58
  measure it in Bolivar. But but we have this other
• 18:03
  fundamental notion especially when we look at that extras
• 18:07
  pyramid with all that crud, all that synthetic make believe
• 18:13
  paper electronic. I love the word synthetic
• 18:16
  because that's what it is synthetic right.
• 18:18
  It's not natural. It's all debt.
• 18:21
  It's all make believe paper money that was built and built
• 18:27
  and built upon that base, right. All that Fiat basically you
• 18:32
  could call it I guess as well all the derivatives.
• 18:35
  OK all of that, right. We know from history every other
• 18:41
  time in history, right when the when countries have tried Fiat
• 18:44
  type systems guess what they've ended in failure.
• 18:48
  And we're not talking about just a few times.
• 18:50
  We're talking about hundreds and hundreds maybe thousands of
• 18:54
  times. I'm not that much of A
• 18:55
  historian. You know, I kind of like
• 18:58
  history. Is anybody like me?
• 18:59
  Do you like history more as you get a little bit older?
• 19:02
  Man, when I was like in high school and even in my 20s,
• 19:05
  probably 30s, I had no interest in history.
• 19:07
  But I now, right, especially the history of money.
• 19:10
  And when we look at the history of money and we look at the
• 19:13
  history of Fiat money systems, it's crystal clear they all
• 19:19
  collapse in the end, right? The extras pyramids collapse,
• 19:23
  right? And now that we're at this, this
• 19:25
  breaking point, we have people like Charles Nanner, right,
• 19:29
  saying there's going to be a Super Bowl cycle in silver and
• 19:32
  gold. But he but he also says right
• 19:36
  the financial cycle unpayable debt will continue to explode
• 19:42
  and he says it another Great Depression.
• 19:45
  Depression hits America. Look we don't want bad things to
• 19:50
  happen. I know you.
• 19:51
  I know the basement dwellers well enough.
• 19:53
  We aren't rooting for suffering and it would likely be hard on
• 19:59
  us as well. But what he's saying there is
• 20:02
  depression. We've talked about that.
• 20:04
  I mean we don't want to be oh the sky is falling tinfoil hat
• 20:08
  but but but do you get a little suspicious.
• 20:11
  I just get a little suspicious that like, you can't even talk
• 20:14
  about recession. And nobody talks about the
• 20:17
  prospect of another Great Depression.
• 20:19
  You know, it's like it's been, it's been, it's been eradicated
• 20:22
  from the face of the Earth. And I don't know, maybe it has,
• 20:25
  maybe it has. But doesn't it feel like a lot
• 20:27
  of times these things that people aren't talking about and
• 20:31
  aren't expecting that those are often times what happens, what
• 20:35
  we often have to experience, I don't know.
• 20:38
  It'll be, it'll be an interesting, it'll be an
• 20:41
  interesting year. And boy, if what he talks about
• 20:44
  with this war cycle, For those of you just joining us, Charles
• 20:47
  Nanner's talking about World War Three and he's talking about it
• 20:51
  like 2025. You know, he's talking about how
• 20:55
  wealthy people that he works with just don't have a bunker
• 20:59
  mentality. They're building bunkers now.
• 21:02
  I don't have any room to talk because I live in a basement and
• 21:07
  we've got a deep freeze and I've got some, I don't know, some
• 21:10
  instant cookie mix on the on the thing.
• 21:12
  So I guess I'm kind of in a bunker here myself, got the
• 21:15
  windows covered up. So the lighting's good.
• 21:17
  But nonetheless, that's what we're dealing with.
• 21:20
  It's going to be an, it's going to be an interesting ride.
• 21:23
  Thank you, Annie Oakley. Thank you, Jake.
• 21:25
  Guys, if you could, let's all type 8 for the moderators
• 21:29
  because those that moderate are great.
• 21:31
  I think Susie may be on there as well.
• 21:34
  Thank you very much. OK, my plan is to be back
• 21:37
  tomorrow morning at 9:00 AM Central.
• 21:41
  We'll do another live stream, and I've already got a lot of
• 21:43
  the info. What?
• 21:46
  Oh, I got her. Thank you.
• 21:47
  Susie's yelling at me. Susie sits right above me.
• 21:50
  Ron's basement. Susie's house.
• 21:52
  Hey, she's on the live stream, too.
• 21:54
  Thank you, Susie. You ready, guys?
• 21:57
  For you, Ring Lang Lang. Thank you for being here.
• 22:08
  Thanks for joining me in the basement.
• 22:10
  OK. It really is a big deal.
• 22:13
  We got the best group of people out there.
• 22:15
  I want you to come back. Thank you for typing all those
• 22:18
  eights. Look at that.
• 22:19
  For all those that moderate Annie's here.
• 22:21
  Craig Edmonds is here. All right.
• 22:23
  Thank you, buddy, for showing up to this last minute live stream.
• 22:26
  Everybody have a great day. I'll see you tomorrow.
• 22:29
  Like I said, my plan is 9:00 AM Central time.
• 22:33
  See you soon.