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🚨 ALERT! 🚨 EVERYTHING CHANGES for SILVER & GOLD · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  How do you feel about a new paradigm for the gold price, for
• 0:05
  the silver price? Are we quickly approaching a
• 0:09
  point in time where the markets going to view silver in gold
• 0:14
  much much differently? You probably heard over the
• 0:18
  years inflation is good for silver, good for gold.
• 0:22
  But what about the last few years?
• 0:24
  As inflation has spiraled out of control, the silver price and
• 0:29
  gold price have struggled, right?
• 0:32
  Well, that could be about ready to change and we're going to
• 0:36
  cover that in this video. We could be heading dead
• 0:40
  straight into a new perspective for the precious metals prices.
• 0:45
  It could get very exciting. Let's talk about it right now.
• 0:56
  Have you considered why you've always heard that silver and
• 1:01
  gold help protect you from inflation?
• 1:04
  Maybe because it's true now. For the last few years, that
• 1:09
  hasn't quite held true. Silver and gold have struggled
• 1:12
  in the face of high inflation because the market perceived
• 1:17
  that the Federal Reserve and our old friend Jerome Powell would
• 1:22
  continue with their hawkish stance.
• 1:26
  But we are quickly approaching a point in time where all of that
• 1:31
  is going to change. Yes, that common knowledge that
• 1:35
  you've been taught over the decades that silver and gold do
• 1:39
  keep up with inflation, that the silver price and gold price do
• 1:44
  well in inflationary environments.
• 1:47
  Well, it will hold true again. And here is why The world
• 1:53
  economy is struggling. the Fed has raised rates at a pace
• 1:58
  that's never been done in history over the last 18 months.
• 2:02
  As a result, the world economy is struggling domestically in
• 2:08
  the United States. We're seeing telltale signs of
• 2:11
  serious trouble in any of the sectors that are sensitive to
• 2:16
  high interest rates. Talk about housing, real estate.
• 2:20
  We know that right now mortgage applications are down almost 30%
• 2:26
  from where they were last year. We know that auto sales are
• 2:31
  starting to pull back. We know that banks, yeah,
• 2:35
  they're on life support and many other sectors of the economy
• 2:40
  that are sensitive to interest rates are showing great strain.
• 2:44
  But remember what I started by talking about?
• 2:47
  It's not just here, it's the world.
• 2:49
  China's economy sputtering, Europe spiraling into a
• 2:55
  recession. So we have a fast slowing world
• 2:59
  economy right now. But but we also have this other
• 3:05
  little problem called inflation and the Federal Reserve, they've
• 3:10
  not been able to get it back to their target 2% rate.
• 3:14
  And right now we're seeing huge inflationary pressures in the
• 3:19
  economy, oil prices skyrocketing, food prices
• 3:24
  continuing to go up. the Fed can't control inflation.
• 3:30
  They think they can. They can control the economy.
• 3:34
  You see inflation and the economy.
• 3:36
  They really are two separate things, and the Fed has to pick
• 3:41
  their battle, and they may most likely decide to pick the battle
• 3:47
  with the economy over the battle with inflation.
• 3:51
  We could soon be in a situation where we're getting higher
• 3:55
  inflation numbers and there's nothing the Fed can do about it.
• 4:00
  They've been essentially neutered.
• 4:03
  And when the market wakes up to that, when everyday investors
• 4:07
  start to realize that again inflation is picking up, and
• 4:12
  that the Fed, they've already shot all their inflation
• 4:16
  fighting bullets, they're not going to continue to raise rates
• 4:20
  they can't remember, Banks are on life support.
• 4:23
  The world economy is slowing. Inflation will show its true
• 4:28
  strength. And most importantly, as
• 4:31
  everyone wakes up, they'll realize that the best way to
• 4:35
  protect themselves against inflation in a recessionary
• 4:39
  environment is with precious metal.
• 4:42
  If you're looking to buy gold, silver, or platinum, do yourself
• 4:45
  a favor and check out Pinbacks, the online precious metals
• 4:49
  bullion dealer and sponsor of Ron's basement.
• 4:53
  I was a happy customer before they offered to support the
• 4:56
  channel. You'll find they have the best
• 4:59
  prices, quality and service. I think Pen Bex is best, and you
• 5:04
  will too. And be sure to tell them that
• 5:06
  you're from Ron's basement. Some people like to call it
• 5:09
  stagflation, call it what you will.
• 5:12
  Maybe we'll refer to it as reality, but when we lookout in
• 5:16
  the coming 234 months, none of us has a crystal ball.
• 5:21
  But it sure feels like Jerome Powell in the Federal Reserve.
• 5:25
  They're going to find themselves in quite a predicament.
• 5:29
  And guys, it's not going to take a lot of new people joining us
• 5:33
  on the precious metals boat just a few percentage point higher in
• 5:38
  terms of the percentage of people who are investing their
• 5:41
  money in the precious metals could have dramatic effects on
• 5:46
  the price of silver, on the price of gold, platinum and the
• 5:50
  precious metal mining stocks. It's going to be very
• 5:54
  interesting as we navigate this coming let's say six months.
• 5:59
  We know what happened in previous situations where there
• 6:03
  was crisis. You couldn't find silver at the
• 6:07
  local coin shop. You had to wait three or four
• 6:10
  weeks to get a shipment from an online bullion dealer.
• 6:14
  Things could get very interesting very quickly.
• 6:51
  Hey, look, I may be wrong. I don't have a crystal ball,
• 6:54
  don't make any financial decisions based upon what I'm
• 6:58
  seeing and I'd be curious to hear what you're seeing as well.
• 7:02
  Most important, I hope you enjoy your time here in the basement.
• 7:05
  I do want you to come back. Don't forget I will put out a
• 7:08
  new piece of content every single day for the rest of my
• 7:11
  life. So please subscribe, give this a
• 7:14
  thumbs up and make sure you come back.
• 7:16
  Join us basement dwellers here in the basement because the ride
• 7:21
  that we're going to have in the precious metals I believe I can
• 7:25
  feel it in my bones. As our friend Richard Cooper in
• 7:28
  the UK likes to say, the rides going to be fan tastic.
• 7:33
  We want to protect ourselves. Be prepared monetarily, mentally
• 7:38
  for what's coming down the Pike and what I see coming down the
• 7:41
  Pike could be very, very challenging.
• 7:44
  Hey, I hope you enjoyed this video.
• 7:46
  If you want to hear more discussion on this subject,
• 7:48
  there's a live stream I did today, September 11th, 2023.
• 7:53
  You can check that out right here.
• 7:56
  Most important, be well and I'll see you soon so.