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**BREAKING NEWS!** Silver and Gold Critical UPDATE - (Precious Metals) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  Astonishing developments in the precious metals markets, almost
• 0:05
  too much for us to keep up with. That's why I wanted to hop on
• 0:08
  here, bring you down in the basement with me, and get you up
• 0:11
  to speed on these latest news stories.
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  We've got some breaking news about silver, but also I learned
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  something incredible over the weekend about silver and a 60%
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  price haircut that I think you're going to find super
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  interesting as well. Well, the best part is you
• 0:31
  decided to join me. Come down here in the basement.
• 0:34
  You chose that you're giving your time.
• 0:36
  Thank you, thank you, thank you very much.
• 0:38
  On behalf of myself and Susie, please subscribe to the channel
• 0:41
  that helps us and we want to help each other.
• 0:44
  Let's get into this because we got a lot to cover in a short
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  time to do it. Let's take a look at the first
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  big breaking news story over the weekend out of China, where we
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  learned that China is now restricting silver in yellow.
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  Google tells us yes, China has recently restricted silver by
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  adding it to its list of tightly controlled exports, a move
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  effective today, November 23rd, 2025.
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  But what are the ramifications? Why are we paying attention to
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  this? What's the reason behind all
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  this? It says in red Impact on trade.
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  This suggests a more rigorous approach to managing outbound
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  trade of key resources. China does not want to get rid
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  of their silver. For example, a major Chinese
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  silver mining company may find its international sales channels
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  restricted, impacting its ability to export its products.
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  OK, Next up, market reaction. The initial market reaction was
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  a sharp decline in both gold and silver prices today, November
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  20th on November 3rd, 2025. However, the market saw a rapid
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  rebound later the same day. Let's go take a look at the
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  silver price right now. We'll go out to our friends at
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  CNBC and in the futures market we've got some red silver, but
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  not very much down by what $0.04 per oz.
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  Let's pull this up and look at the one day chart and kind of
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  see what this reaction was when China made this announcement
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  overnight. We will look at let's look at
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  the one day chart. See what that telling us?
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  Yeah, wow. I guess this is around.
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  Well, I don't know. Here we go.
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  Looks like we had a couple, but a big, big downturn here.
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  Hold on a second, somebody's trying to call me, but a bounce
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  back, so we'll keep. We're going to talk about the
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  60% haircut that silver took one time in the past and why we
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  don't have to worry about it. We are going to go up and down,
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  up and down. There will be volatility in the
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  metals markets. We were spoiled for about 6
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  months of pretty much just straight up, but nothing goes
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  straight up forever. In the long term, prospect for
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  the precious metals prices remains extremely optimistic at
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  this point. Let's take a look at this.
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  More crazy news coming out about silver, and then we're going to
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  get straight to those charts. Here we go.
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  This was shared by Make Go Great.
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  Again, look at this guy's Google searches for #silver hit an all
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  time record high in October and they didn't just in this data
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  goes back to 2004. It didn't just hit an all time
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  high. I'd say that it absolutely.
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  I mean, look at this, this is how many times people searched
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  for silver on Google. I mean, unbelievable, like at
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  least a 2X increase. I mean that's like a total
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  rocket ship up. So why do we want to pay
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  attention to that? Because as we know in in
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  particular in the United States of America, but also all around
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  the world, people are generally under invested into silver and
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  when just a few people join us, right?
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  Maybe. And let's talk about the United
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  States. If you're joining me from the
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  United States, maybe wouldn't you say 2% of people are
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  invested in silver And if that number goes from 2% to 10%,
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  that's five times the amount of money in the silver market.
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  It would be like a tidal wave. It would wipe out everything.
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  And with all the other fundamental factors that are
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  supporting the silver price, this move that we have right
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  now, I think that's a very solid prospect regarding what we could
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  see in the near term future. Don't forget, right, we got our
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  little friend the silver bear there blindfolded with $85
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  silver. And I believe that blindfold
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  will come off. You know what, when my fingers
• 5:13
  there, I do want to say thank you to channel sponsor First
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  possible. First Mint is a mint in Las
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  and then they go straight to you.
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  It's the freshest silver on the market, but also there's no
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  COMEX or LBMA involved. I'm going to run you out quickly
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  their website. Free shipping on orders over
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  $299 and here we go go to the store right there you can check
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  out. They have bars, rounds,
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  different accessories, the Folds of Honor line, which supports
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  the first responder and military community.
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  It's a great, great, great program they have and all their
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  different products, so make sure you go check them out.
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  Thank you. First meant for sponsoring Ron's
• 6:53
  basement. OK, what about 60%?
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  You want to hear about a 60? I know it may scare you.
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  Don't get scared, right? There was a time when silver
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  went down by 60% and everything turned out OK.
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  What we're talking about, but here guys, is the fact that if
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  we are, do you believe, I believe absolutely that we are
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  in a long term bull market for gold, for silver, for the
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  precious metal mining stocks, there are going to be pull
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  backs. I'm going to show you, give you
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  proof and that'll give you examples and give you reason why
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  you don't need to worry about these periods where we do have
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  some pull backs in the metals prices.
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  We're going to go out to a guy that I've got a ton of respect
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  for Jesse Colombo and his sub Stack the bubble bubble report.
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  He says proof that pull backs occur in every epic bull market.
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  And I just highlighted this paragraph in yellow where
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  basically he said every time we get a pullback in the precious
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  metals prices, his inbox gets filled up with people that are
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  worried that it's over, that it's over.
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  And he provided us with three charts which are absolutely
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  fascinating to look at. This first one here is the gold
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  price from the year 2001 through 2011.
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  And as you can see the gold price went up from what I don't
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  know about $250 per oz all the way to 1800 per oz during that
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  period. Look at that right, just
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  straight up over a 10 year period, but not straight up
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  because what we need to point out here, we had pullbacks
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  during that period as high as 26 percent, 34% and a whole host of
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  other pullbacks 11/10/18, fourteen 10% during that period.
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  Now let's go look at silver where it's even more
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  exaggerated. And the reason why we want to
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  look at this guy's is because when we do it, if you believe,
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  remember, I'm not a financial advisor.
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  I do not have a crystal ball. However, if you believe in the
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  long term thesis, long term story for the silver and gold
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  price, which I do, absolutely, you've got to be mentally and
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  emotionally prepared for pull backs.
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  This is the silver price. From 2001 to 2011, silver was
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  under $5. In 2001, I think it was like $3
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  and got as high as almost $50 during that period.
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  Again, as you can see, pretty much a good solid run up, but
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  not a straight run up because as you can also see on this chart,
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  we had a period where silver dropped 35% during during that
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  Epic Bowl run, we had a period where silver dropped 38%.
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  We also had a period where silver dropped 60%, but still
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  continued on its way upward. Now, what about the mining
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  stocks? They can also be volatile at
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  times. Let's go see what happened to
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  the mining stocks during this period.
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  And thank you, Jesse. Jesse Colombo is, I believe, one
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  of the sharpest minds in the silver and gold sector right
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  now. So what we're looking at here is
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  the Gold Bugs index again from 2001 through 2011 and look at
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  this guys, right, these were big moves, big pull backs, 25%,
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  forty percent, 37% and even one right, that was 71%.
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  Now that probably coincided with the great financial crisis in O
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  8, but as you can see, the even the gold mining stocks recovered
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  and continued upwards. You know, silver and gold are
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  worldwide commodities. We like to keep track of what's
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  going on in China. We talked about what China's
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  doing with silver at the beginning of this video, but the
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  Chinese people, all 1.4 billion of them, absolutely love gold,
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  absolutely love silver. We're going to get an update
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  from the shube a gold market here in a second, a video
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  update. Before I do that, I do want to
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  say thank you. The first mining gold.
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  They're a Canadian gold developed and stage company. 2
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  huge multi million ounce projects in Canada, Spring pole
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  in Ontario and Du Parquet located in Quebec.
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  We're talking about millions and millions of Oz of gold in the
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  ground in Canada, which is going to be very attractive to
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  anybody. But in particular the big mining
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  companies is they seek to replenish their pipelines and
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  continue to grow. And wait until you hear the data
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  I'm going to share with you in a little bit about Agnico Eagle
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  mines, the amount of money that these big active mining
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  companies are making. Excuse me.
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  So I think First Mining Goal will be in very good shape as we
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  move into the coming years and decades.
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  You can learn more about them at firstmininggold.com.
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  Guys, let's go to China though, and make sure that those 1.4
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  billion people in China are still crazy about their goal.
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  Here we are, and we're going to play this without music.
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  It's 18 seconds long, but this is footage from yesterday at
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  3:16 PM at the Shubai Gold Market in China.
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  We'll get that on full screen and just check this out.
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  There's giant gold markets in China, which is unbelievable,
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  multi level. I can't wait till we all go
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  there together, right? I mean, look at all these people
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  on a Sunday afternoon in the gold markets in China.
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  It really truly is unbelievable. Now let's go take a look at this
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  news that we had coming out regarding developments in
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  London. The security guards, I don't
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  know guys, maybe it's time to go for a trip to London because of
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  the security guards watching over 400,000 gold bars at the
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  Bank of England are on strike from 7:00 AM on the on the 13th
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  of November. That's what about 10 days from
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  now? Alarm system or the new Louvre?
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  For the avoidance of doubt, this is humor, not incitement.
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  And here's the headline. The unions claim that the Bank
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  of England gold under threat as security staff prepares to walk
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  out the strike leaves almost what, £200 billion, I guess,
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  that is worth of bullion vulnerable to threat.
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  Now, we talked about this many times and it's very important
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  for us to remember that as the gold mining sector, the gold.
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  Nobody's paying attention to silver and gold, OK, We are, you
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  are, I am. We're ahead of the curve, OK,
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  but the average people out there, the average investors are
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  yet are just starting, All right.
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  That data that we got from Google about silver searches is
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  encouraging. That's on a worldwide basis.
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  But I'm telling you, your neighbors at the neighborhood
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  swimming pool, the people you go to church with, think about the
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  people that you, I don't know, you go fishing with, whatever
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  the heck you do, most of them don't really care.
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  We like to refer to those people as the sheeple.
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  When they wake up, it's going to be crazy.
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  One of the big things that will make them wake up, and it's
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  going to start with the generalist investors are when
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  they realize how much money the gold mining companies are
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  making. And as the gold mining companies
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  make more money and people move into the gold mining stocks, it
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  will bring more money into the overall, excuse me, precious
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  metals ecosystem, including our friend silver that we love.
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  By the way, that's a beautiful bar from our friends at first
• 15:24
  met Susie that is upstairs, Susie's favorite I got to keep
• 15:28
  going upstairs and get it from her and taking it back down here
• 15:32
  in the basement, it will bring more money Wait till you hear
• 15:34
  this, this is shocking. OK, take your blood pressure
• 15:38
  medicine. This one is going to knock your
• 15:40
  socks off and it comes from Agnico Eagle.
• 15:44
  Yes, OK, Unbelievable profit in mining.
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  Highlights this week include Agnico Eagle Eagle Mining
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  Stellar Q3 results where they generated 1.7 billion in free
• 15:58
  cash flow in the quarter and had all in sustaining cost.
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  That means what it cost them to mine an ounce of gold of $1400.
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  To put that in perspective of Agnico Eagle, at $4000, gold is
• 16:17
  now generating all in sustaining cost cash.
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  Cash margins of $2600 per oz. Right?
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  Because they could. They're selling the gold for
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  4000, but it's only costing them 1400 per oz to mine it.
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  They're making $2600 per oz. But this is the crazy part.
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  They're making $2600 profit on each ounce of gold they mine.
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  That's 30% higher than where the gold price, the entire gold
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  price would have been in the year 2020.
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  We are in an absolute new paradigm when it comes to gold,
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  silver and the precious metal mining stocks.
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  We're in a period of time like nothing before.
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  If we focus in on silver and we know what's going on with the
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  LBMA, we know what's going on with the COMEX.
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  We know what's going on with China now restricting, right,
• 17:20
  putting restrictions on silver leaving their country.
• 17:23
  Guys, buckle up. It's going to be a wild, wild
• 17:26
  ride. It's a big honor that I get to
• 17:28
  be on it with you. Please subscribe to the channel.
• 17:32
  Come back. Many of us, right?
• 17:34
  We've waited a decade or longer for this.
• 17:37
  I believe the future looks bright, but please always be
• 17:41
  responsible with anything you do with any type of investing or
• 17:44
  money. I'm not a financial advisor but
• 17:47
  I love to speak my truth and what I believe.
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  And don't forget that little bear right there used to have a
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  blindfold on that said $2500. People said we'd never take that
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  blindfold off, and the deal was we'd take it off when the gold
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  price hit $2500. Now Agnico Eagle Mines is making
• 18:08
  more than that per oz on every ounce of gold that they dig up
• 18:13
  out of the ground. We're in for a great, great ride
• 18:17
  together. I really appreciate you coming
• 18:19
  down here. OK?
• 18:20
  I want you to have a great day and I will look forward to
• 18:23
  seeing you soon. Please subscribe.
• 18:25
  Bye bye.