Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 BAD NEWS! 🚨 Most SILVER STACKERS are SELLING!...(& Fed, Inflation, Gold, BRICS)
Transcript
- 0:03$220 silver, Yes, you heard that correct.
- 0:08Are we heading into a Goldilocks environment for silver?
- 0:12But first, silver stackers have been misbehaving.
- 0:18We've got a bone to pick with you.
- 0:19We're going to talk about that sell, sell, sell and bonus.
- 0:25How to get 10 free ounces of silver just by making one smart
- 0:30decision. Now we're going to cover all of
- 0:32this with our good friend, channel friend, the one and only
- 0:36coin shop. Chris, welcome back to Ron's
- 0:38Basement. How you doing, Ron?
- 0:40It's been a great. It's been a crazy week.
- 0:44Well, you asked me how I was doing.
- 0:45I'm doing good. I can't complain.
- 0:47How's Chris? I'm doing wonderful.
- 0:51Well, let's talk about not you, not me, but the most important
- 0:55person with us right now, the viewer, right?
- 0:58How are they doing? Let's ask our viewers, how are
- 1:02you feeling after last week? You know, gold went like on
- 1:06$140.00 round trip, a new all time high, closing the week
- 1:11right above $2000. Let's remember we still have
- 1:16$2000 gold. How do you feel about that,
- 1:18Chris? Well, Ron, it was crazy to say
- 1:22the least. Not surprised Lucy pulled the
- 1:26football away from Charlie Brown again.
- 1:27But last week, you know, we did open the shop for a couple hours
- 1:34late at night with all this craziness.
- 1:35We got a bunch of emails and and you know we people want to buy,
- 1:40we sold phone with us so dropping back down.
- 1:45But we've got it. We've got a bone to pick and
- 1:48we're going to get to this $220 silver bold prediction that you
- 1:52made Chris or did I make that? I don't remember.
- 1:54Maybe I made it none the less we're going to get to that, the
- 1:59Goldilocks environment. But let's talk about what's
- 2:02going on in the silver market right now, because I'm hearing
- 2:05from everybody else and I will maybe you'll argue with me on
- 2:09this, but what I'm hearing is we've got premiums near a low.
- 2:14We've got silver stackers selling their silver.
- 2:19What's going on? Are you seeing that out there?
- 2:21People are selling, premiums are still high, but way down from
- 2:26where they were. What's going on?
- 2:28Why are people selling their silver?
- 2:30And people are selling the silver EA for Christmas.
- 2:33Wrong on B. They need extra cash in the
- 2:37house. They've lost their jobs.
- 2:40You know it. It.
- 2:41It's sad to see this happening, Ron.
- 2:42This is the worst time be selling anything.
- 2:46You know. I've said this on your show,
- 2:49Ron. Time after time after time.
- 2:52If you don't need to sell, hang on to it.
- 2:55Don't panic. You have not lost a dime.
- 2:59If you're not, if, if it's in your safe or wherever you store
- 3:01it, you have not lost anything. That's right.
- 3:05Just hang on to it. So we need to ask this person
- 3:07who's joining us right now, are you selling silver now?
- 3:11I used to say, oh, the retail investment side is just a sliver
- 3:15of a sliver. I have to admit live right now
- 3:18that yes, once again I am wrong. Let me read this to you because
- 3:22I used to say well the the, the, the, the retail investment side
- 3:26is just so small. We think it matters because were
- 3:30involved in it, but the reality is it doesn't matter so much.
- 3:33But let me read this to you 'cause I was surprised by this.
- 3:36According to the World Silver Survey, in 2023, silver bar in
- 3:41coin demand worldwide spiked by 22% in 2022.
- 3:49That's easy to remember. 22% in 2022 spiked to a new high of 333
- 3:57million oz that was way higher than I thought.
- 4:01In the United States, physical silver investment in 2022
- 4:06climbed 4% to 134 million oz compared to 129 in 2021.
- 4:14However, the sharpest percentage investment increase in 2022 came
- 4:19from our good friends in India with a 188% jump to almost 80
- 4:26million oz from only 27,000,000 ounces in 2021.
- 4:31Chris, did you sell all that silver last year?
- 4:34What's going on here? Absolutely night, but we have
- 4:37to, we had, no, I didn't sell that much, Ron.
- 4:40But you know, we have to remember physical is it's a
- 4:44different market than paper. You know physical does not drive
- 4:49the price we see on our computer screens every single day.
- 4:52You know, if you want paper, go buy paper.
- 4:55I'd rather have the pentacle. Whoa, whoa, whoa, whoa.
- 4:58What are you talking about? Paper Chris, What do you what do
- 5:00you mean? The 2350 Whatever we've seen
- 5:04right now on the the paper junk. You mean Unicorn fart dust?
- 5:09Yeah. Like the Comex and the LBMA,
- 5:12where they? The the clowns at the Comex?
- 5:15Yeah, where they where they sell.
- 5:18That's what I call them, The climax.
- 5:20All right. All right.
- 5:20All right. Where they sell 200 ounces of
- 5:24silver for each one ounce they actually have in their vault
- 5:27that that place that Is that what you mean by paper
- 5:30electronic silver, Chris? Exactly on, exactly.
- 5:34Well, eventually that'll that'll that'll come you'll.
- 5:36Imagine having contracts for having 202 hundred paper
- 5:41contracts, or for every ounce of silver on this.
- 5:45That's a scheme. I'd rather have a physical.
- 5:48You know what I wanna do? I wanna sell my house that way,
- 5:51right? Like, hey, I can sell the house
- 5:53not once, not twice, but 200 times over.
- 5:56And then I'll take all the money and you and I'll run off to
- 5:58Canada or something like that next week.
- 6:01Next week is a big week, Chris and earth shattering moving
- 6:05week. Well, we kind of had that this
- 6:07week, but next week has the potential to be a huge, huge
- 6:11week for the silver and gold market.
- 6:14We're going to hear from one of your best friends, one of your
- 6:17favorite people next week. Not Gomer Pyle, Jerome Powell
- 6:22himself from the Federal Reserve.
- 6:25Any thoughts on what's going to happen next week?
- 6:27Because that could move the silver and gold market, maybe
- 6:30not what he does because everybody thinks now we always
- 6:33have to remember. Let me go back.
- 6:34Let's remind this person we got a friend here, a basement
- 6:37dweller with us who we do appreciate you being with us
- 6:40today and we appreciate you giving this a thumbs up and
- 6:44subscribing to the channel because we're trying to get to
- 6:4631,000 subscribers. That's a big goal, that coin
- 6:49shop Chris and I have, but let's go back to, I keep wanting to
- 6:53say, Gomer Powell. Jerome Powell at the Federal
- 6:56Reserve. Let's watch what he does, not
- 7:01what he says. Okay.
- 7:04What has he done for the last two meetings?
- 7:07Nothing. What is he likely going to do
- 7:09this time? Nothing.
- 7:11What's he going to say? A bunch of BS?
- 7:13Chris, do you have any commentary on what we could
- 7:15expect from Jerome Powell in the United States Federal Reserve
- 7:17this Wednesday or Thursday? I'm not sure which day it'll be,
- 7:20but we will be hearing from them.
- 7:22Ron, you took the words all in my mouth.
- 7:24You're absolutely right. He's going to do nothing.
- 7:27A bunch of yap, yap, yap, yap. He's going to do the guy, you
- 7:31know, you know, you hear behind the scenes.
- 7:33He's getting very, let's call it upset, OK, for the video.
- 7:39And the guy is, I mean, so much pressure, he don't know where to
- 7:43go next. He's he's in the box, he can't
- 7:46get himself out and it's time to feed them bread and water.
- 7:50So I mean, just throw a slice of bread, in the end, give them a
- 7:53bottle of water and the guy will be good.
- 7:56OK. OK.
- 7:57Now I didn't. I couldn't understand the last
- 7:59thing you said. Did you Did you toss a Ding Dong
- 8:01in your mouth? Chris, no, I said.
- 8:04Toss a piece of bread in a in a bottle of water.
- 8:06OK. Well, we'll give him some Ding
- 8:08dogs next week. Also, big market moving news for
- 8:12silver and gold. Don't forget, guys, we're going
- 8:14to talk about this Goldilocks environment for silver, $220
- 8:19silver like Quinshaw Chrisett himself and how you can get
- 8:23yourself 10 free ounces of silver.
- 8:25But next week we'll also hear about inflation data.
- 8:29That's big news as well, huh, Chris?
- 8:32Inflation probably Robbie be lower than expected.
- 8:35I'm, I'm going to say this time, you know we got Christmas coming
- 8:40around the corner. We got the holidays coming
- 8:42around. I'm not really seeing Ron, have
- 8:45you seen a lot of good deals out there because I sure haven't now
- 8:49very few in between. Yeah, It's a it's an interesting
- 8:53dynamic going on right now. I mean, actually, let's see
- 8:56here. Low inflation paradoxically
- 9:00would be good for the silver and gold price, because that would
- 9:04indicate that I want keep wanting.
- 9:07I'm gonna say it one last time, Jerome, not Gomer Powell.
- 9:10Jerome Powell is winning the fight on inflation, right?
- 9:15So that means, you know, they're keeping, they're winning.
- 9:18They're not gonna have to be as hawkish going forward.
- 9:22It's a paradox, right? Because typically gold and
- 9:24silver do well and help protect us from inflation.
- 9:28But while we're in this little screwy world that we're living
- 9:31in right now, actually a low inflation number would be good
- 9:35for the price of silver and gold.
- 9:37And I'm gonna be an optimist. I think we will get because the
- 9:39price of gas has come down. And I'm hearing the CEO of
- 9:43Walmart himself talking about the potential for deflationary
- 9:48forces later in the month. And I'm just gonna go there now,
- 9:51'cause that's like one of the most exciting things that silver
- 9:54and gold investors could hope for is deflation.
- 9:58Deflation's a double win for anyone who's invested in silver
- 10:02and gold because number one, prices are coming down at the
- 10:05store. But #2 if we get the big D word,
- 10:09deflation, the Fed, you think they're freaking now?
- 10:12They triple quadruple freak. They don't like anything.
- 10:17Like they don't like deflation. What I was trying to say is if
- 10:20we get deflation, the Fred, the Fed is going to freak and print
- 10:23money like you've never seen before.
- 10:26And that's going to, and that's going to be a slingshot for
- 10:29silver and gold on, you know? That'll.
- 10:32Be a slingshot. And you know, I mean, you know,
- 10:36I'm not seeing a lot of shortages out there right now.
- 10:39When I go shopping on, people's carts are not full that like
- 10:43they used to be. They're like half full.
- 10:45You know they're buying what they need.
- 10:47You know, it's funny you say that because I went to ALDI last
- 10:50Saturday in a very shop, a very busy shopping district here in
- 10:54Saint Louis. I call it the world's biggest
- 10:56strip mall. It's the Gumbo Flats down in the
- 11:00Chesterfield Valley. It's got every store known to
- 11:02man. They built it like 10 years ago.
- 11:05Anyway, this place is always packed.
- 11:07I went into this all day to do some shopping and I one of my
- 11:11observations was, man, the shelves seem like stocked up.
- 11:15Like I haven't seen in years, like, you know, we were used to
- 11:18going into stores and they're not being that much inventory.
- 11:22But I think you're right. I think, I think we could see
- 11:25some deflationary and I'm telling you man, deflation is
- 11:28like Rocket Fuel on steroids with a Red Bull energy drink for
- 11:35the price of silver and gold press.
- 11:37Absolutely. You know, absolutely.
- 11:39And you know, I went into Walmart the other day, I was
- 11:41looking at the Christmas section and it looks pretty full right
- 11:45now. And you know, I I've, I've
- 11:47always chopped this way wrong for the next year.
- 11:50Get your Christmas decorations. You're at the paper for next
- 11:53year after Christmas this year. That way you save a 10 more
- 11:57money. Wow, that's a great shopping
- 11:59tip, Chris. And then you were you were
- 12:02telling me earlier in the week too, when you were at Walmart,
- 12:05what you saw in the toy section with all the Barbie stuff.
- 12:09I know you've sent me a couple pictures of that.
- 12:11What did you see? The Barbie section stocked up,
- 12:14or did you clear that out as well?
- 12:16Ryan, you, you. But you have to be quiet about
- 12:18that. That was actually for your
- 12:20Christmas present. OK.
- 12:23So we're going to get the $220 silver, but first we're quickly
- 12:29going to go through. We're going to give you a little
- 12:30bonus here, Chris, Chris already gave you a great shopping tip,
- 12:34buy your Christmas decorations after Christmas, but do you want
- 12:38to learn how you can get 10 free oz, essentially 10 free ounces
- 12:43of silver? Chris, you did a little digging
- 12:46last night. What did you discover when it
- 12:49comes to 100 oz Engelhardt Silver Bars?
- 12:53Englehart Yes, Ron, this I know this is not for everybody.
- 12:57These are expensive. They're all coming from a
- 13:00secondary market because they are more vintage silver bars.
- 13:05So when you're buying these, everybody beware of they might
- 13:08have some scratch chips in them, you know, because they are from
- 13:11the 80s. JM Bowen Adam four $2734 Even
- 13:21Matt Max Adam for 2668. Even SD Bowen Adam for 2005,
- 13:301725 Harold Bowen Adam for 2004, 6256 And our sponsor pin backs
- 13:41did it again Ron. They came in at $2412.10.
- 13:46So if you take the savings, you take JN Bowling Price minus
- 13:50Pemex price $321.90. Price difference Hello.
- 13:58Whoa, whoa, whoa, whoa. Here.
- 14:01Coin shop. Chris, are you telling me that
- 14:03from the highest price from the big online, you compare all the
- 14:08big online name brand bullion dealers that from the highest
- 14:12price to Pembex's price, there was a over $300.00 difference?
- 14:18$321.90 Centsron and let's just be.
- 14:23Well, let's just be clear. Let me let me throw out some
- 14:25facts here. This is for a 100 oz Englehart
- 14:29bar. Englehart is a refinery that no
- 14:31longer is in business as far as I understand.
- 14:34So. So these are 100 oz bricks,
- 14:37right? 100 oz bars of silver.
- 14:41You're comparing the price at the same time, right?
- 14:45Like what, 4:30 Eastern Time on Friday and just to make sure
- 14:49everybody knows we're comparing apples to apples, you're
- 14:51comparing what it cost to buy one bar at basically the cash or
- 14:57ACH price. Is that am I accurate when I say
- 14:59that, Chris? You're 100% accurate and these
- 15:01numbers were taken at 5:30 on 12/8/23.
- 15:06And what you're telling me is that between the highest, Am I
- 15:09repeating myself? Susie calls me Repeater Ron, But
- 15:12I think this bears repeating that from the highest price to
- 15:16the lowest price, $300. Chris, is it accurate when I say
- 15:20that a person could buy the same exact 100 oz bar from Pimbex and
- 15:26with the money they save they could get an additional 10
- 15:30American Silver Eagles possibly or or UK Britannias or Buffalo
- 15:35rounds or maybe even 11? Is that?
- 15:37Am I accurate when I say that? Yeah, you probably.
- 15:41Probably a little tough for the Eagles, but everything else like
- 15:44the Cougar Rams, the Patinas, Yeah, I would think Pinbex to be
- 15:48able to get you at least 10 for Wow, yeah.
- 15:52So yeah, I really do. It blow.
- 15:54It blows me away. I know Pinbex, right?
- 15:56They're our sponsor. I use Pinbex.
- 15:58I trust Pinbex. I always recommend people if
- 16:01you're going to buy bullion online, throw them into the mix.
- 16:04Do your own due diligence. But it blows me away that that
- 16:09that somebody could actually get the exact same thing and
- 16:14potentially 10 more ounces of silver.
- 16:17Even a 10 oz car on even a 10 oz Canadian Royal Mint bar you
- 16:21probably could get from 10 backs for that place or like and you
- 16:25still have money left over. Well, right.
- 16:27And then based on all those Barbie pictures you were sending
- 16:31me earlier in the week, they could get almost like, I guess
- 16:34what's the math here? 15 Extra Barbie, the new Barbie
- 16:38doll, so that. Yeah, I mean, I mean, who, who
- 16:41wouldn't want that, right, Chris?
- 16:44Only you, my friend. Only you.
- 16:45Two $220 silver boom, right? Goldilocks, Let's talk about
- 16:52this, Chris, I wanna, I wanna, I wanna get your opinion on this,
- 16:55but I consider to be the Goldilocks environment for
- 16:58silver as we move into next year.
- 17:02OK, number one, if we do have this soft landing in the
- 17:07economy, now I'm reading, you know, they're saying all the
- 17:09economy that will create even more robust industrial demand
- 17:15for silver. Point #2.
- 17:17OK. The underlying monetary madness
- 17:21despite what goes on with this soft landing, blah blah, blah.
- 17:25The underlying monetary madness. The, the debt, the deficits, the
- 17:30trenting, the reverse repo, the list goes on and on that remains
- 17:34and that could, could, could help create more robust investor
- 17:39demand, which we touched on earlier in this in this video.
- 17:43It has been down and that you know could could create a a big
- 17:47stream of additional demand when people start to wake up to the
- 17:51monetary madness going on. And then on a bigger picture,
- 17:55this bifurcation, geopolitical turmoil going on in the world
- 18:00and the Eastern countries continue to gobble up more and
- 18:04more gold but also silver as well.
- 18:08And then I'm not done yet, Chris.
- 18:11Then on top of that, we've got new technology when either you
- 18:16want to look at it from the solar perspective, demand for
- 18:19silver from solar, or what could likely be the big sleeper story
- 18:23of the year. Hydrogen fuel cell.
- 18:26Toyota's coming out with with new initiatives almost seems
- 18:29like every week new plants they're building over in Europe
- 18:32now for hydrogen, hydrogen fuel cells and the newer hydrogen
- 18:36fuel cell technology is going to likely use more silver.
- 18:40It feels like we're set up for $220 silver in 2024.
- 18:46Absolutely, Ron. You know, This is why I keep you
- 18:48know Silver is still on a bargain buy right now.
- 18:53Why wouldn't you want to stack every oz you can at these
- 18:56prices? I you know, you know, it's just
- 19:00it's you're not buying it. You're transferring your Unicorn
- 19:04spot dust dollars into real money and I.
- 19:08Think you meant to use the C word.
- 19:11What's the C word? Converting.
- 19:13Converting, That's what I said. Converting I know.
- 19:16You said something else. Well, maybe.
- 19:19I agree, no. Yeah, transfer you use the T
- 19:22word. Converting.
- 19:24OK. I use the T word, so but you
- 19:28have to, I mean you don't have to do anything you don't want to
- 19:31do, Ron. But what I'm doing is I'm
- 19:34converting every single dollar I can afford to into silver.
- 19:40And really, I've been putting in, you know, I've been your
- 19:45other sponsor first mind go, we'll touch on them for a
- 19:47minute. You know, I try to make it as a
- 19:50bill every single month to buy a little bit of stock every single
- 19:53month. If you set up that way, you'll
- 19:55be fine. You don't have to put in $1000,
- 19:58you know, every single time, You know, get yourself a budget,
- 20:02throw your money into your account on the E*Trade or
- 20:05Ameritrade or whatever you want to do, and once that money gets
- 20:09billed, buy it all at once, get it all at once.
- 20:13And that's what I've been. I've been doing that every
- 20:16single month long and it's been working out for me.
- 20:19OK. Yeah, yeah.
- 20:20The old, the old budget, even a Barbie budget.
- 20:22And I won't say that again. I'm done with that.
- 20:25And I think you may soon refer to me with the A word, right,
- 20:28Chris? Like Ron, you're an A and then
- 20:31an H word after that because I'm being a little feisty with you
- 20:34this morning, let's wrap it all up here.
- 20:36Now that we've determined that we have $220 silver in 2024 with
- 20:42what everybody's been waiting for, the coin shop, Chris. 30
- 20:45day numbers, What do we have, Chris?
- 20:48OK, silver, it's we're still up on $0.56 over the last 30 days
- 20:54or up 2.47%. Gold still up $63 or up 3.22%.
- 21:03Platinum did quite well. Ron Platinum's up over the last
- 21:07three days, $50.20 or up 5.76%. The Unicorn, That's Bitcoin, or
- 21:16I like to call it rat poison Bitcoin.
- 21:20It's up $9043.67 or up 25.52%. I don't even saying those
- 21:28numbers, but that's what the numbers are.
- 21:31And oil is down $4.07 a barrel or down 5.40% and I got one more
- 21:39little bonus on silver to gold. Ratio this week is 86.53.
- 21:45No, still really high and I mean in in that silver, that silver
- 21:50to go ratio could at some point and we we talked about that with
- 21:53the viewers could drop at some point down to like I mean you
- 21:58know 303540 maybe 20 and and when it does that might be a
- 22:04good time for silver stackers to consider converting not
- 22:08transferring but converting some of their silver into gold, right
- 22:12Chris? You like to bust my chops, my
- 22:15friend, But that's OK. We still love you, Ron.
- 22:19The viewers are great. I'm the A word today I'm the A
- 22:23word every I want everybody to know.
- 22:24I love Coin Shop, Chris. I've had a habit my entire life
- 22:28of joking around too much with people that I really like.
- 22:31And so anything that I've said to him today was all a big and
- 22:36and fun and joking. Except for anything that I said
- 22:40about Barbie. That's true.
- 22:44Why? You blew your Christmas present
- 22:46again. I'm not shipping your.
- 22:47I'm going to return them back to Walmart.
- 22:49That's it. All right, buddy.
- 22:52Thank you for being here. Thanks.
- 22:54Let's thank our viewer, right? If they've stuck with us, hey,
- 22:57please, if you're still here, which we know you are, right?
- 23:00This real smart people are the ones who are still with us.
- 23:03Give us a thumbs up. That helps get the word out to
- 23:06more people. Go watch another video, some
- 23:09live stream recordings. We'll put a link up to that.
- 23:12And don't forget to subscribe. Oh, and by the way, got almost
- 23:16forgot the most important thing. If you want to help support Coin
- 23:19Shop Chris, 'cause he does this out of the he takes this abuse
- 23:23from the basement. Luckily he's a few 100 miles
- 23:27away so I'm safe, but he does this out of the kindness of his
- 23:30heart. If you want to help support Coin
- 23:31Shop Chris, you can check the link.
- 23:36I'll put a pen comment with a link to PayPal link or it's in
- 23:39the description of this and every video we put out.
- 23:42Have a great day Coin Shop Chris.
- 23:43We'll see you next week. Thank you, Roy.
- 23:45And I just got one more thing to say.
- 23:47If if anybody can tap if you're in here this long, leave in the
- 23:51comments. Type one O 7 for me, please.
- 23:53Thank you. One O 7.
- 23:56I won't even ask. Have a good day buddy.
- 23:59We'll see everybody soon. Thank you guys.
- 24:01Thank you to the viewer for being here.