Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / Silver PRICE Having a Big "COSTCO MOMENT" 😃

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Silver PRICE Having a Big "COSTCO MOMENT" 😃 · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  The moment you've all been waiting for, will silver and
• 0:04
  gold take off in 2024? You have questions.
• 0:09
  We have all the answers. But what is the biggest news
• 0:15
  story right now in the silver market in particular?
• 0:20
  And what is it telling us about where silver can go next year?
• 0:24
  But it's the moment you've all been waiting for because we're
• 0:28
  joined by our good friend coin shop, Chris, He's going to help
• 0:31
  us break all this down. Where will we be sitting with
• 0:35
  the silver price next year, right now, six months from now?
• 0:40
  And we're going to discuss this big breaking story that's
• 0:45
  tearing apart the silver market coin shop.
• 0:47
  Chris, welcome to Ron's Basement.
• 0:50
  How you doing, Ron? Merry Christmas.
• 0:51
  Merry Christmas to all of you is out there.
• 0:55
  Before we get started, Ron, we're at at the time that we
• 1:00
  coined this video, Ron, you text me, we were at.
• 1:03
  We're at 30,840 subscribers. Our goal, there's 31,000
• 1:09
  subscribers by the end of the year.
• 1:11
  If everybody can, if it's not subscribed yet, please subscribe
• 1:14
  so we can hit this goal. I would greatly appreciate
• 1:17
  everybody doing that. That that's awesome, Chris.
• 1:22
  And you know what? It's me and you.
• 1:24
  But the most important person on this video is the viewer.
• 1:30
  So I want to ask you right now, when you look out one calendar
• 1:34
  year from today, it's December 23rd, Christmas Eve Eve, 2023.
• 1:40
  Where do you see the silver price, Chris?
• 1:43
  Ron, like like like I said last last week, I, you know we could
• 1:47
  be looking at between 50, $70.00 silver, maybe 60 years.
• 1:54
  I will back that off just a bit between 50 and 60.
• 1:57
  It could really get to 70 by the end of next year.
• 2:00
  You think so? Every if everything goes with
• 2:04
  I'm thinking to happen, look, we we got the banks and they're in
• 2:08
  trouble and gone. You know, they're in trouble in
• 2:11
  February or March. They own big money back to the
• 2:13
  government. They don't have it.
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  Where are they going to get that from?
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  You know, people are broke. They're not spending.
• 2:21
  They're only spending what they need to.
• 2:23
  People are going in debt right now, Ron.
• 2:25
  I was just at the grocery store today, couldn't find a parking
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  spot. You know that they're all
• 2:31
  putting on credit cards, credit cards, credit cards.
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  At some point those credit cards are going to be maxed out and
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  and they're not. Where they're going to get the
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  money, then where. So where did you say you went
• 2:44
  earlier? The Ding Dong store.
• 2:47
  No, I went to Aldi's and the place was a madhouse just a few,
• 2:53
  a few hours ago. We we've been at 1:00 Eastern
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  Time here. Just about two hours ago, I was
• 2:59
  there on the place was a madhouse.
• 3:01
  Yeah. It'll it'll be it'll be
• 3:04
  interesting to see how everything plays out next year.
• 3:07
  We there are so many moving pieces it's impossible for for
• 3:12
  anyone to pin them all down at once.
• 3:15
  But I I mean do you think that it's safe to say that a lot of
• 3:19
  these moving pieces, you know, we don't need all of them to
• 3:22
  fall into into place, but if just a handful fall into place,
• 3:27
  they could be very supportive factors for the silver price,
• 3:30
  one of which is inflation. And I'm of the opinion that
• 3:35
  right now we're actually experiencing some deflation
• 3:40
  which is scaring the pants off Jerome Powell at the Federal
• 3:44
  Reserve, which may explain why just a week and a half ago he
• 3:48
  came out with some very loose dovish indicators in his speech
• 3:54
  and then their press release that indicate that we could see
• 3:57
  rate cuts sooner as opposed to later.
• 4:00
  And I think that at the other pieces are in place right now
• 4:05
  that could result in a fast spike in inflation next year.
• 4:10
  And I'm almost done talking, Chris.
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  I think when that inflation comes back again, people are
• 4:16
  going to freak like the average people, right.
• 4:18
  The people that aren't stacking silver and gold right now,
• 4:21
  they're going to remember what happened in 21 and 22 and
• 4:25
  they're going to be looking for ways to protect their wealth.
• 4:28
  They could be silver and that could lead into what you're
• 4:31
  calling for, 60 or $70.00 silver.
• 4:33
  And I appreciate you asking me also what my prediction for
• 4:36
  silver is for next year. What's your prediction?
• 4:39
  You're on $25. $48 an ounce on December 23rd, 2024. $48,
• 4:47
  everybody write that down, $48 for Vine.
• 4:51
  No, you're absolutely, you're absolutely right, Ron.
• 4:53
  You know we got record debt in this country.
• 4:56
  You know, we're at what, 35 trilling, Almost 36 trilling.
• 5:01
  I can't remember what the heck it was the last time I looked at
• 5:04
  was 34 trilling. You know, we, we can't keep
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  paying 7% on interest rates and you know, this country is not
• 5:13
  bringing enough money in. There's not enough people
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  working to bring this, you know, you know, everything's doubled.
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  You know, we can go back to the Home Alone movie in a little bit
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  here on. But I really want to give you or
• 5:24
  some credit here on, you know, yes, you are absolutely.
• 5:28
  We're going to have high inflation.
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  The Brooks are getting together. They're paying oil and other
• 5:34
  count, you know, other goods to other dollars.
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  That's saying the dollar back home run.
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  These countries don't want the US dollar.
• 5:41
  When these dollars do come back home, we're going and hyping in
• 5:46
  inflation and people are going to, the people who don't have
• 5:50
  serving goals are going to say what the heck happened and it's
• 5:54
  going to happen overnight. And I, and I think a real simple
• 5:58
  way to look at it is if you just look domestically at the United
• 6:02
  States, our financial condition, our monetary condition, our
• 6:06
  political condition, our social condition, it's pretty
• 6:10
  frightening unfortunately. And then if you zoom out and
• 6:15
  look at it from a worldwide geopolitical perspective, all
• 6:18
  those things you mentioned, right, the bricks, the
• 6:20
  bifurcation, the the D dollarization that's going on
• 6:25
  anyway you slice it or dice it, unfortunately, it's not looking
• 6:29
  like a very, very nice situation for the United States heading
• 6:35
  into the coming years. We don't like it.
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  We live here. We didn't necessarily directly
• 6:41
  create it, but we're not going to stick our heads in the sand
• 6:44
  and act like it's not happening. Now you you've had a lot of
• 6:47
  people this past year on your channel, and one of them I
• 6:50
  really enjoyed the most was Andy Sheckman.
• 6:52
  And I'm going to use his little bit.
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  When he says little by little by little, then boom all at once,
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  it's going to blow up around. He's absolutely right.
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  He's absolutely right. That's what's going to happen.
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  Yeah, yeah. And maybe.
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  Go ahead. And you know, and This is why
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  we, you know, we're not trying to push anybody to buy silver or
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  gold. You know, we're not buying
• 7:15
  anything. We're converting.
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  And you, you know, and John, you know, you were the first one out
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  on YouTube talking about their female Stackers this year.
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  First one, the lady. Stackers the Lady.
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  Stackers. June 14th is International
• 7:31
  Women's Silver Day, by the way. And you were the first one, as
• 7:36
  Pat Holland said, you were the first one to take on the state
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  by state gold and silver laws. Congratulations on that.
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  People starting other channels trying to pick that up.
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  So we are Chris, let me let me interject.
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  So we and I'm going to say we because you're a big part of
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  this as well, we're Trail bread, Trail Blazers.
• 7:56
  Trail Blazers and Women in Silver and Trail Blazers and
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  getting the word out on YouTube. Alternative media about the fact
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  that the states one by one across the country, are enacting
• 8:10
  some forms of legal tender legislation.
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  I read the other night like 25 states considered some form of
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  legal tender legislation in 2023 alone.
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  What does that tell us? That tells half of the states
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  are awake. The other 25, they're not.
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  They're not awake yet, but I think we're going to get there 1
• 8:32
  by 1. And you know, I would like to
• 8:35
  also point this out, Ron, when we were talking early this
• 8:38
  summer, spring, whenever it was with the coin shops and the
• 8:41
  banks shutting down, coin shops, bank account, pawn shops, bank
• 8:45
  out, a lot of other Youtubers blew this up as a mountain.
• 8:50
  And I kind of advised you, I'll take some credit here to run
• 8:54
  with you. I said let's just not blow this
• 8:57
  one up and let's see what happens.
• 8:59
  And you know, about a week or two later, it all went away.
• 9:04
  You know, we handle that one, right?
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  Ron and I commend you for doing the same thing with me.
• 9:08
  We handled that one right? Well, at least we handled, at
• 9:11
  least we handled one thing right.
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  And I just, I want to remind you something Chris, if you don't
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  mind, later in the video, later in the video we have some earth
• 9:20
  shattering news about Silver in particular.
• 9:25
  Absolutely. But you were, you know, you
• 9:28
  didn't blow this one up. And I appreciate for you doing
• 9:31
  that. And you know, we just tried to
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  bring the viewers, you know, facts, a little bit of knowledge
• 9:38
  that we do have and we and we try to have some fun And that's
• 9:43
  why, you know, you're a little bit different than most you, you
• 9:47
  know and that's what we all love you for on.
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  So you have a You had a heck of a year on graduations.
• 9:54
  Well, thank you, Chris. I appreciate you saying that.
• 9:56
  This is nothing without the viewer, right?
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  It's and right now it's me and you.
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  But the most important person is the person who's joining us from
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  their basement or their family room or maybe they're driving
• 10:07
  their car, who knows, right? But it it's not Ron Tube, it's
• 10:11
  not Chris Tube, it is YouTube. And our viewers, our community
• 10:16
  has made all this possible. They really have.
• 10:18
  I mean if nobody ever joined and and we get so much support and
• 10:23
  great input and insight, I think it's great.
• 10:27
  I'm going to give you a lot of credit as well.
• 10:30
  You've been a instrumental part in helping us, but our viewers
• 10:33
  have been a big, big part of this as well.
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  So thank you and thank you to the person who's joining us
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  still right now. I mean it's important what we're
• 10:42
  talking about can be some very scary and difficult subjects and
• 10:47
  and and you know we just want to be prepared.
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  We want to be we, we we don't want to live in fantasy land.
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  I think we can say that about you, about me and about this
• 10:58
  person who's joining us. Like we're willing to look at
• 11:01
  the tough facts because we want to protect ourselves.
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  We want to protect our family and I think a lot of us share
• 11:09
  that common experience where where we started to learn about
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  what was really going on in the world, what's really going on in
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  the monetary system that silver and gold became like.
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  It was obvious, it was like the the, the like like this gut
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  feeling this attraction like silver and gold can protect us
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  and and it's a lot of fun and the people are great too.
• 11:32
  You did some comparison shopping this week, looking at Silver
• 11:37
  dollars Junk Silver, Constitutional Silver, 90%
• 11:42
  silver. Do you care to share with us
• 11:44
  what you discovered when you went out there in the World Wide
• 11:47
  Web and looked around at what different companies have to
• 11:50
  offer? Yeah, the peace dollars, you
• 11:53
  know, I mean there's a lot of good deals out there right now
• 11:55
  on the peace dollars, Ron. And this the first one I'm going
• 12:00
  to mention. Ron is not going to be compared
• 12:01
  apples for apples, but it's going to be very very close.
• 12:05
  Money Metals had them or 2775 each, but they define them as
• 12:11
  calls and if someone don't know where the call means it could be
• 12:15
  the dates worn off the back where it says piece worn off
• 12:19
  poles, big scratches in them, big dashes in them that we
• 12:23
  define as a call at Max and SD bolin Adam 4/26/99 each.
• 12:32
  The price, the quality was 1 to 19 on them.
• 12:38
  JM Bowen came in at 2675 and they all define them as very
• 12:44
  good plus grade. Tim, that came in a very good
• 12:49
  grade, plus grade at $25 even on from 1 to 19, count 2.
• 12:55
  So there's $2.00. So they they, they come in 2 to
• 12:58
  20. They're a little bit cheaper.
• 13:01
  If you buy them in 2 to 20, of course that'll be the next lower
• 13:03
  price, you know 2 bucks that you know and at $20 here on that's
• 13:13
  $40 savings that pin Max is offering us.
• 13:17
  I mean where where can you not, Why would you buy anywhere else?
• 13:21
  I I we say this single week on, we're here to save the viewer
• 13:26
  your viewer money and that's all.
• 13:30
  And and that's, and that's why I am sponsored by Pembecks,
• 13:35
  because I believe that you want to get the most metal for your
• 13:39
  money and whether you're looking at sovereign coins, bars or 90%
• 13:46
  silver like you demonstrated for us today.
• 13:48
  What I found on my own before I was sponsored by Pembecks was
• 13:52
  that their prices were always the best and I was getting the
• 13:57
  exact same product from them that I could get from other
• 14:01
  sources. So, you know, I I think that if
• 14:04
  if our viewer is interested in looking at some silver, some
• 14:08
  gold or some platinum, I always recommend do your own research,
• 14:12
  do your own, you know, your own due diligence in the process.
• 14:16
  You want to make sure you're comfortable with the company
• 14:18
  that you're dealing with, that you can trust them, You want to
• 14:21
  make sure that they have the product that you want that the
• 14:24
  selections there. And then of course what's always
• 14:28
  very important to me after I after I've satisfied those two
• 14:31
  requirements is you want to get the best price and it seems like
• 14:35
  Pembax always delivers there. Let's talk about this leads us
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  right into this massive news that we have in the silver
• 14:44
  market because a lot of new stackers, a lot of people.
• 14:49
  You know, we talked earlier about this prospect of crazy
• 14:52
  inflation in 2024 and that that might just be the catalyst that
• 14:57
  wakes up a large number of people who are asleep right now
• 15:01
  in the United States to the fact that they need to do something
• 15:06
  to protect their money, right. They've been through the the the
• 15:09
  inflation of 2122. If it hits again, it's going to
• 15:13
  be the old, you know, fool me once, shame on you.
• 15:16
  But they aren't going to want to get fooled again, and they're
• 15:19
  going to want to go somewhere that they trust initially to buy
• 15:23
  gold, to buy silver. And a lot of these people, they
• 15:25
  don't know who The big online bullion dealers are.
• 15:28
  The big trustworthy names out there, right?
• 15:31
  The the Pembex's, The SD bullions, the Epmex.
• 15:34
  A lot of them trust a company like Costco, wouldn't you say,
• 15:39
  Chris? Absolutely.
• 15:42
  I mean, you know, if you don't know what you're, I don't want
• 15:45
  to say you don't know what you're doing.
• 15:46
  But if you're not into the market and you're seeing this
• 15:49
  come up on Costco's website, people trust Costco for
• 15:53
  everything. So we got some big, some big,
• 15:56
  big, big news in the silver market.
• 16:00
  We know Costco sold $100 million worth of gold over the last
• 16:05
  three months, which is a a pretty significant number.
• 16:08
  But they just started selling American Silver Eagles and lo
• 16:14
  and behold, #1. That's great news for anyone
• 16:18
  who's in the silver sector, because Costco is a big,
• 16:21
  trusted, respected. A lot of people, millions of
• 16:24
  people trust Costco and they know that they're getting a good
• 16:28
  value when they buy something from Costco.
• 16:31
  And now that Costco is selling American Silver Eagles, that
• 16:36
  adds a whole new segment of people who can gain access to
• 16:41
  silver. But you know what's shocking
• 16:43
  about all this, Chris? It's gonna go to the roof.
• 16:47
  That's what's shocking about it. And.
• 16:50
  It did go through the roof because just like the gold that
• 16:53
  they put on their website and is pretty much immediately got
• 16:57
  gobbled up, the Silver Eagles they put onto their website were
• 17:02
  pretty much immediately purchased by their customers all
• 17:06
  throughout the United States. That shows more, you know, this
• 17:11
  goes back to write to Andy Scheckman little by little by
• 17:14
  little, he says. Then boom, all at once.
• 17:17
  And we're going to wake up some Monday morning, Ron, and and
• 17:21
  probably will happen in 2024 and it's probably me happen
• 17:25
  somewhere between late February to the beginning of April where
• 17:29
  we're going to have another rush on silver and gold.
• 17:31
  People are going to start getting their tax money back.
• 17:33
  And a lot of that money is going to go right into silver and
• 17:35
  gold, and you're not going to be able to find it again.
• 17:38
  Yeah. And those and and those Costco
• 17:41
  people that are now buying silver as well, right, a whole
• 17:45
  new segment of the market. You can't blame them because you
• 17:49
  know, maybe they remember back the 1990 when they would go
• 17:53
  through the checkout line and maybe spend a lot less money as
• 17:57
  opposed to now groceries are a lot more expensive.
• 18:01
  It makes me think. Are there any examples you can
• 18:03
  think of, Chris, where, like, like groceries have been gotten
• 18:06
  more expensive since 1990? Ron, I got a perfect example and
• 18:11
  since it's Christmas time Ron, we're going to use, we're going
• 18:14
  to revisit the Home alone. I know we did this last week,
• 18:17
  but this is the this. If this is one section of the
• 18:20
  video that you share with anybody, clip this and right to
• 18:25
  the end of this now share it with one person that's not awoke
• 18:28
  yet. Now when Kevin McAllister went
• 18:31
  to the grocery store, Ron buy himself.
• 18:34
  All those groceries cost $19.83. Back in 1990, Ron Silver was
• 18:42
  roughly around 5/22 an ounce. So you would say you would need
• 18:47
  about 4 ounces of silver for that.
• 18:50
  Same for those goods that he bought last year on those same
• 18:57
  groceries he bought was $44.70. Last year's average silver spot
• 19:05
  price. Now we're not talking about the
• 19:06
  premiums on top of it. With 1878 run again you add that
• 19:11
  to 4 oz, you would have $75.12 while you can only buy double
• 19:17
  the stuff he bought with 4 ounces of silver.
• 19:22
  Speed up today Ron. 33 years later on silver spot is roughly
• 19:29
  around 2457 an ounce times that by 4 you get $98.28 but the cost
• 19:38
  would cost you $72.28. Silver has hold its value.
• 19:45
  Gold has hold its value. People like daily Rams and he
• 19:49
  calls it a pet rock. Well, I think he lives under the
• 19:52
  rock, so. I mean so.
• 19:55
  So, so let me let me just let me just make sure I'm clear on
• 19:58
  this. In 1990 the the, the, the
• 20:02
  groceries that Kevin McAllister bought would have cost about 4
• 20:05
  ounces of silver. If we Fast forward to today that
• 20:10
  exact same amount of groceries, the exact same products.
• 20:16
  Would only cost about 3 ounces of silver.
• 20:18
  So I'd say silver more than held its value over the last,
• 20:22
  whatever it was, 33. Years, absolutely.
• 20:24
  If you times it by the cost, yes, you would still have about,
• 20:26
  yeah, it would cost you about 3 ounces of silver, silver versus
• 20:31
  33 years ago, Ron. OK.
• 20:34
  OK. Interesting.
• 20:35
  Now Chris, what everybody's really been waiting for the 30
• 20:39
  day numbers, can you share those with us?
• 20:42
  30 day numbers, Yes I can run. OK, over the last 30 days you're
• 20:47
  on was up 78 cents or up 3.30%. Gold was up $71.70 or up 3.60%.
• 20:59
  Platinum did very well, $49.20 or up 5.29% You bet.
• 21:06
  Corn was up 7938.67 or up 22.7. One 7% and oil is done to go
• 21:18
  back up. We're still down, but we're only
• 21:20
  down $3.61 per barrel or down 4.68%.
• 21:28
  And the silver to gold ratio this week, Ron is 84.36.
• 21:34
  So you're telling me that if I want to trade silver for gold,
• 21:39
  I'm going to have to take four tubes of American Silver Eagles
• 21:45
  and another 4 oz, and I can take those four tubes and four
• 21:49
  individual coins and trade that for one ounce of gold?
• 21:53
  And maybe about 6 bucks or on. Wow, wow.
• 21:57
  That's why we say silver is the most undervalued asset in the
• 22:01
  entire world. Absolutely.
• 22:04
  And that's what I continue to stack, Ron, and I know a lot of
• 22:07
  you is like silver over gold at this time.
• 22:11
  Not saying gold is a bad thing, you know, but silver is half of
• 22:14
  its all time high. Yeah man, you said that a year
• 22:19
  from now it's going to be somewhere between 60 and $70.00
• 22:22
  an ounce. So hey, what?
• 22:23
  What could go wrong? We will see if I'm right or
• 22:26
  wrong, Ron. Maybe I'm wrong.
• 22:28
  Maybe I'm batting in the wind here.
• 22:30
  But with going back 33 years with the Home Alone movie,
• 22:34
  what's going to happen the next 33 years, Ron?
• 22:35
  What's going to happen next year?
• 22:37
  What's going to happen two years from now?
• 22:40
  Yeah, just last year's average cost of silver was 1878.
• 22:44
  We're seeing that 2457 this year, yeah.
• 22:47
  So now you ruined me for Christmas movies.
• 22:49
  By the way, Chris, I appreciate that.
• 22:51
  We were watching Christmas Vacation last night and there's
• 22:55
  a scene in that movie where Chevy Chase takes his
• 22:58
  brother-in-law and they're at a Walmart and the brother in law's
• 23:02
  like buying dog food and stuff and putting it on the cart.
• 23:05
  And the whole time I'm looking at the prices thinking, I wonder
• 23:08
  how much prices have gone up. I wonder how much silver has
• 23:11
  been. So I'd like to thank you
• 23:13
  personally for now ruining all of my Christmas movies as I'm as
• 23:17
  I'm trying to do silver price comparisons.
• 23:20
  Well, Ron, when when you buy the light bulbs, make sure you put
• 23:23
  them on top of the dog food. Yeah.
• 23:29
  Merry Christmas, Ron. Merry Christmas.
• 23:30
  I know, I know. You've gotten yourself in some
• 23:33
  legal trouble in the past by sticking a couple Barbie dolls
• 23:38
  in the bottom of the cart and then piling the heavy dog food
• 23:40
  bags on top of it open. The checkout lady wouldn't see
• 23:43
  it, right? Those those were the My Little
• 23:46
  Ponies for you, my friend. All right, Merry Christmas.
• 23:50
  If you guys want to help support Coin Shop Chris, there's a link
• 23:53
  in this video to his PayPal account.
• 23:55
  He does all this out of the kindness of his heart.
• 23:58
  He can't pry a penny out of my frugal persona, but like I said,
• 24:04
  there's a PayPal link down below.
• 24:06
  Chris, as always on behalf of myself, but most importantly the
• 24:11
  viewer who's joined us through this entire video, thank you.
• 24:15
  Happy Holidays to you and everyone, and we'll count on
• 24:18
  seeing you next week. Absolutely, Ron.
• 24:21
  I'll be here. I might even have some bells on.
• 24:25
  Merry Christmas. Merry Christmas, Ron.
• 24:27
  See you next week. Merry Christmas, everybody.