Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / **Nightmare** Silver and Gold Investors BEST Listen to THIS!

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**Nightmare** Silver and Gold Investors BEST Listen to THIS! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  2025 could prove to be an epic year for the gold price and the
• 0:05
  silver price because we are headed for big bad news.
• 0:10
  They're telling us everything is awesome out there.
• 0:13
  We're going to dive into the reasons why what they're telling
• 0:17
  us needs to be looked at in a very skeptical manner.
• 0:20
  Because guys, right now, while everything may be awesome
• 0:25
  according to the mainstream media and according to what the
• 0:28
  government is telling us, if we look under the hood, we're
• 0:31
  maybe, possibly likely being set up for a big fall in 2025.
• 0:38
  Have you ever noticed how that works in life?
• 0:41
  Everybody thought, were you part of the group that thought the
• 0:44
  2024 was going to be the year of major issues?
• 0:50
  But 2024 kind of turned into a nothing burger.
• 0:54
  I think probably one of the biggest events that did happen
• 0:58
  in 2024 was the election of Donald Trump in such a landslide
• 1:03
  victory. That was almost a Black Swan
• 1:06
  event. Everyone expected that we would
• 1:09
  have major turmoil after the election, but it wound up that
• 1:13
  it was a landslide victory. OK, I know many of you are very
• 1:16
  happy about that. I have a smile on my face as
• 1:20
  well. You can read between the lines.
• 1:22
  However, as we head into 2025, do we have big trouble on the
• 1:27
  horizon? And on top of that, does this
• 1:30
  set up an environment where gold and silver can really thrive?
• 1:36
  Let's go take a look at what they're telling us and just how
• 1:39
  crazy all of this is really getting right now.
• 1:42
  You know what we're going to do first?
• 1:44
  Hey, you know what? But we're going to do first.
• 1:45
  First, I'm going to say hi to you.
• 1:50
  Each you. Yeah, you, right.
• 1:52
  We got a big group of us together.
• 1:54
  We're a group. We're a tribe, whatever you want
• 1:56
  to call it. We love to talk about gold and
• 1:59
  silver. We love our precious metals.
• 2:01
  We love to dive a little deeper. You're a little smarter than the
• 2:04
  average bear. In all seriousness, that's a
• 2:07
  fact. But I want to say thank you for
• 2:10
  your time. It's Saturday night.
• 2:11
  We got a snap live stream to talk about some big scary things
• 2:16
  that are developing on the horizon.
• 2:17
  It's a big deal you're here. So I really just wanted to say
• 2:20
  thank you. Thanks for being here.
• 2:23
  Thanks for joining us. How awesome is it with this?
• 2:26
  You know, we can, we can complain about a lot of stuff,
• 2:28
  but with this modern technology, we're going to have like a
• 2:31
  little meeting here on Saturday night.
• 2:33
  So welcome, basement dwellers. Let's go take a look.
• 2:36
  You know, we're going to start with something positive.
• 2:39
  We're going to talk about $10,000 gold.
• 2:41
  Wrong, wrong thing. There we go, I tell you what,
• 2:45
  Gary Savage. Gary Savage, this guy is Savage.
• 2:48
  I tell you I love his predictions and he is knocking
• 2:52
  it out of the park. Look at this one.
• 2:54
  Just a couple hours ago he said you can tell from the yearly
• 2:58
  chart. Now think about this in the
• 3:00
  context of what we could see coming in the next few years.
• 3:04
  The reason why is we could be moving into some, into an
• 3:07
  environment that is going to be ultra conducive to higher
• 3:12
  precious metals prices on many different levels.
• 3:16
  And we're going to dive into how screwed up things are in just
• 3:18
  one second. But it could create an
• 3:20
  environment where a prediction like Gary is making here could
• 3:24
  very welcome. True, he said you can tell from
• 3:26
  the yearly chart, so this is a yearly chart that gold is
• 3:30
  starting to accelerate. This will culminate in two to
• 3:34
  four years in the final parabolic bubble, $10,000
• 3:40
  $10,000 per oz will be a piece of cake.
• 3:45
  OK, look, this is what he's saying.
• 3:47
  It's accelerating. Yeah, let's get the crayons out
• 3:50
  on a Saturday night. Right, guys?
• 3:52
  Here we go. Look, that's what he's talking
• 3:54
  about. Can you see how it's well, well,
• 3:57
  my, my crayon stopped working, but it goes way up here, way
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  above the top of your screen. That's where the gold price is
• 4:04
  heading. Wow, look at that.
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  That's a yearly chart. I never looked at it that way.
• 4:09
  Thank you, Gary. But thank you, Gary Savage even
• 4:12
  more for your contributions and for the fact that you're telling
• 4:16
  us that we can get the 10,000 gold within two to four years.
• 4:20
  Do you believe? Put it in the comments.
• 4:22
  Hello, Annie Oakley, good to see you.
• 4:24
  Hello, Mark with AK. Hello.
• 4:27
  Coffee stocks. I say yes.
• 4:29
  Well, I haven't done this for a while.
• 4:31
  I apologize guys. I haven't been participating in
• 4:34
  the chat. All you got to do is type it in
• 4:36
  there. Ron's basement says yes.
• 4:38
  Silver lunatic. OK, so make that like button yes
• 4:43
  hey look, we talked about very old.
• 4:45
  We're going to talk about some scary situations, ultra serious
• 4:49
  stuff, but we can have some fun while we do it.
• 4:52
  It does doesn't hurt the smile doesn't hurt the laugh.
• 4:54
  All right now let's go take a look.
• 4:57
  This is just getting insane. What is going on?
• 4:59
  Does it feel crazy? You know, I talked to Lynette
• 5:02
  Zhang about what I don't know, three months ago, two months
• 5:05
  ago, and I said, Lynette, why does it feel so crazy?
• 5:08
  And Lynette said it, she hit, she gave us the answer.
• 5:11
  And that is because when you get towards the end, when they're
• 5:15
  throwing everything, they've got to keep this, this, this bubble
• 5:19
  gum, duct tape economy, Unicorn fart dust, make believe fantasy
• 5:24
  island economy going. They're throwing everything they
• 5:26
  have at it. It feels crazy, right?
• 5:29
  Because it is crazy. It's like the Wizard of Oz,
• 5:32
  right? They didn't realize the Wizard
• 5:34
  was behind the curtain. That's what we're dealing with
• 5:36
  right now. Let's talk about what the Wizard
• 5:39
  is throwing at us right now. And this will change, I believe,
• 5:43
  in 2025. Here we go, wrong one again.
• 5:48
  There we are. This is from Charlie Biliello.
• 5:51
  And I read this and I was like, yes, that hits the nail on the
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  head. And then here, let's take a look
• 5:56
  at our friend. There's Jerome.
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  See what's behind him? He's flying in a helicopter over
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  the United States distributing dollars.
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  Yeah, that's about what's going to happen.
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  OK, so we're going to start here.
• 6:08
  Charlie talks about stocks at all time highs.
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  We're going to, I'll go through this list and I'll go through 1
• 6:14
  by 1 and just we'll talk about how insane this is.
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  Stocks, home prices, crypto, debt, core CPI, you got it all.
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  I want to look in the eye when we're talking about this guys,
• 6:26
  because this stuff is crazy. So #1 the stock market is so is
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  in the biggest bubble. It's a bubble on top of a bubble
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  built on top of a bubble. In a dream world, bubble
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  valuations are higher on so many measurements, so many
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  comparisons, metrics, whatever fancy words you want to use.
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  The stock market is crazy bubble territory.
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  The tech stocks are more bubbly now, especially the AI stocks
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  than they were during the tech bubble.
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  It's unbelievable. You can listen to to to to what
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  any of the people that were alive during the tech bubble.
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  What's the guy's name that had Sun Microsystems?
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  I forget, but he'll he'll tell you right?
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  The valuations now that we're seeing in the stock market are
• 7:16
  unbelievable. It's become a Ponzi scheme, in
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  my opinion, a big component, right?
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  Because of index investing, because of people blindly just
• 7:26
  throwing their money into the market without any idea what
• 7:29
  they're really buying. Isn't that a Ponzi scheme,
• 7:33
  right? All these millions and millions
• 7:35
  of people that just every month pour more money into the stock
• 7:39
  market and through their four O 1 KS or whatever it is.
• 7:42
  And if you're doing it, hey, more power to you.
• 7:44
  You've done well. Congratulations.
• 7:46
  Good job, Buttercup. Right?
• 7:48
  But it doesn't work forever because they're not looking at
• 7:51
  the value. All they're just doing is
• 7:53
  blindly throwing money in those mutual funds, those index funds,
• 7:57
  then blindly invest that money without any type of analysis,
• 8:01
  any idea of what real value is. We are in a stock market bubble.
• 8:06
  OK, I could go on on that one for a while and think about
• 8:10
  where we are right now. This is what's so important.
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  We're at this point, right, where we're going to get a new
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  president here in five weeks. Everything is at a peak.
• 8:20
  Every, everything we just talked about stock market.
• 8:22
  What about home prices? I mean, look, my house according
• 8:25
  to Zillow is worth a half million dollars.
• 8:29
  Are you kidding me? I wouldn't pay a half million
• 8:34
  for this place. But that's what houses in my
• 8:36
  neighborhood are selling for everywhere.
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  It's your neighborhood to house prices are at record highs as
• 8:43
  well. OK.
• 8:44
  And the residential real estate market, have you noticed it
• 8:47
  where you live? I don't, I mean like there's
• 8:49
  very few houses that are on the market.
• 8:52
  The real estate market seems to be frozen in particular the
• 8:56
  residential real estate market. And on top of that, we know that
• 9:00
  home builders have like the highest, one of the highest
• 9:03
  levels of inventory of unsold homes in a long time, right?
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  We're at this teetering point where things could change and
• 9:10
  things could change very, very quickly.
• 9:13
  Then Oh my God, I got something for you about crypto that's
• 9:17
  going to make your skin crawl. That's the cherry on top.
• 9:20
  I'm going to save it until I get to the end of this list, but
• 9:23
  stay with me because this to me indicates just how insane things
• 9:29
  have gotten in the markets, and in particular in the crypto
• 9:33
  market. We'll talk about that.
• 9:34
  But Bitcoin is at $100,000. OK, I don't know guys, I'm not
• 9:40
  anti Bitcoin. I'm not pro Bitcoin of the the
• 9:43
  crypto people and the gold and silver.
• 9:45
  You know, we share a lot. We do, we share a lot of the
• 9:48
  same viewpoints on things. I just can't see how Bitcoin,
• 9:53
  you know it. But that's another thing that's
• 9:56
  happened here in, in the last what, 5-6 weeks we've had.
• 10:00
  We got a Bitcoin bubble. Everything is in a bubble.
• 10:03
  Can you see it? The general stock markets, do
• 10:07
  you disagree with me? It's a bubble.
• 10:09
  If you think bubble, type bubble here.
• 10:12
  I'll type. I think bubble.
• 10:14
  I'll type bubble, bubble. It's a bubble.
• 10:18
  You know, I mean, the house prices are what I would call a
• 10:23
  stabilized bubble. The crypto prices, I mean, it's
• 10:26
  crazy what is going on. Then on top of that, we've got a
• 10:30
  debt bubble in the United States.
• 10:32
  Yes, it's Saturday night. What would a, what would have
• 10:35
  Saturday night meeting of us basement dwellers be if we
• 10:39
  didn't go on our traditional field trip?
• 10:41
  You ready for the field trip? We'll go out and take a look at
• 10:44
  the US debt clock. OK, I don't think we looked at
• 10:47
  it this morning. And oh boy, here we go.
• 10:50
  Let me get up to the top of the screen and get us over there.
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  Hopefully you guys can see this because you want to see this. 36
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  trillion almost 36 and 1/4 trillion 36 trillion
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  250,496,000,506 hundred 700,000 Look how fast this is going up
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  800,000 That's our debt. We've got a debt bubble in this
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  country and we're dealing all of this.
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  Since we're here, we'll just do a quick check in a paper market
• 11:26
  for gold that trades now 412 paper oz, I'm sorry, of silver
• 11:32
  for each one real oz gold's. Oh, it's only 133 ounces of
• 11:37
  paper, right? And we know that our government
• 11:39
  is now printing money. Oh, it went up just a minute
• 11:43
  ago. I checked.
• 11:44
  I cheated on you guys. I went out and looked before we
• 11:47
  went live. The dollar to silver ratio was
• 11:50
  at one 1113. It's now gone up to 1114.
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  We are printing money like no other time in history because
• 12:02
  that's the only thing they can do to keep that debt bubble
• 12:06
  alive that we just looked at to keep the stock market bubble
• 12:10
  alive that we just looked at print, print, print.
• 12:13
  The dollar is nothing but make believe paper con game at this
• 12:19
  point, unfortunately. Now maybe I'm wrong, right,
• 12:22
  maybe I'm wrong. Maybe 10 years from now we'll be
• 12:25
  sitting down here saying boy, everything's great, everything
• 12:28
  is awesome. But think about this now we're
• 12:30
  going to put a few things together.
• 12:32
  We just talked about the dollar, the that the debt can only be
• 12:35
  managed by printing money. Printing money will make gold
• 12:38
  and silver go up massive. Absolutely.
• 12:42
  OK, I'm an authority figure on this, believe me, don't make any
• 12:46
  financial decisions based on what I'm saying, but I can work
• 12:50
  a calculator. The dollar value in real terms
• 12:54
  is going to go down. But think about this.
• 12:57
  Let's put a couple. Let's turn on a light bulb here.
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  The stock markets in a bubble. We talked about that, OK, the
• 13:04
  dollar is Unicorn fart dust, whatever you want to call it,
• 13:08
  make believe, OK, think about the stock market being it it
• 13:14
  bubble valuations. And then think about on top of
• 13:17
  that, that the valuation, the unit of measure that they use
• 13:21
  for the stock market is what the dollar.
• 13:25
  So you got unbelievable valuations being measured in a,
• 13:29
  in a currency, right that is that is bound and doomed for
• 13:36
  devaluation will be nice. We won't get too aggressive on
• 13:40
  it. We will not get too aggressive
• 13:41
  on it. OK, all of this is happening.
• 13:46
  All of this is happening in four days.
• 13:49
  We're going to hear from Jerome Powell, they're going to lower
• 13:52
  interest rates. But think about this, everything
• 13:55
  we talked about this bubble environment and they'll be
• 13:58
  lowering interest rates and on top of that we have inflation
• 14:03
  over 3%, OK, inflation and it's rising again, it's rising. 2025
• 14:11
  is going to be a year of is going to be the if you notice
• 14:15
  that in life, right, like things just like everybody's feeling
• 14:19
  all warm and fuzzy and that's great.
• 14:21
  And maybe I'm wrong. Maybe I'm dead wrong.
• 14:23
  OK, maybe I'm dead wrong, but I'm telling you my gut gut is
• 14:27
  telling me now we're in for some very I mean, who knows what they
• 14:33
  got cooked up, but 2025 is likely going to be a year, I
• 14:39
  think where we were going to be surprised on many levels.
• 14:42
  Everything's already at all time highs.
• 14:46
  The stock market through everything's, everything's so
• 14:48
  awesome. I think it's a setup.
• 14:51
  I could be wrong and I'm saying I have a suspicion and a gut
• 14:54
  feeling, but I think it's a big setup.
• 14:57
  I think the 2025 is going to be a shocker, and the Fed is
• 15:02
  cutting rates, OK, while inflation is above their target.
• 15:08
  What happened to their 2% theft target?
• 15:10
  You know that the Federal Reserve has a stated mandate
• 15:15
  that inflation needs to be a 2%. Why they chose 2%?
• 15:19
  That means that, yeah, over the course of 50 years, although I
• 15:23
  don't know if this math works out, but basically they get to
• 15:26
  steal 2% of your money every single year through inflation,
• 15:31
  right? Unless you're really rich and
• 15:33
  you own a bunch of property of some sort, then you, you do OK,
• 15:36
  you're part of the 1%, congratulations.
• 15:39
  But that's the reality of what they're doing.
• 15:42
  And now they're lowering rates, which is going to, it's going
• 15:46
  to, it's going to light a fire under inflation.
• 15:48
  And I'm look, this, this is a fact.
• 15:52
  Things have changed, OK, the last couple years, high
• 15:56
  inflation, when we get high inflation numbers that would be
• 15:59
  bad for gold and silver. Now we're in a new environment
• 16:03
  and as we move forward, these high inflation numbers are going
• 16:06
  to be rocket fuel for gold and silver.
• 16:11
  It's not it's that's not new. That's the traditional role that
• 16:16
  gold and silver play. They have always protected you
• 16:20
  against inflation. And when we have a Fed, when we
• 16:24
  have been think about the others and there's a double whammy.
• 16:28
  I know you love the double whammies, but right now we have
• 16:31
  inflation above the target and they're cutting rates.
• 16:36
  And the double whammy is this, those previous rate cuts, OK,
• 16:42
  rate cuts and rate rises when they would raise rates or lower
• 16:45
  rates, doesn't matter if it's called a lag effect and what
• 16:48
  that means, that's a fancy way of saying it's a lag effect.
• 16:53
  Don't you know what that means? It's it's a lie.
• 16:55
  When the Fed, when the Fed changes monetary policy, if
• 16:58
  there's a lag effect, what that basically means is when the Fed
• 17:01
  raises or lowers rates, it doesn't have an immediate
• 17:06
  effect. When the Fed rate lowers rates
• 17:08
  on Wednesday, Thursday of next week, it's not like that
• 17:12
  immediately hits the economy. I think we're a little fooled
• 17:17
  because it can immediately hit the market, but it takes 6 to 18
• 17:21
  months for the for the effect of a rate cut or a rate increase to
• 17:26
  hit the economy. So think about this.
• 17:30
  Those rate cuts that we had, when was that?
• 17:32
  That was what, September? That was only three months ago.
• 17:36
  We are just now that half point rate cut.
• 17:39
  We are just now starting to feel the beginning effects of that
• 17:44
  half point rate cut that we had back in September.
• 17:49
  And on top of that, the screw the screwy thing is like
• 17:53
  incredibly crazy thing to show that the Fed is losing control
• 17:58
  of All this is the fact that since the Fed cut rates.
• 18:05
  Excuse me, Since the Fed cut rates back in September,
• 18:09
  interest rates are actually up. Look at this.
• 18:13
  I'm sorry we got to go on one more field trip.
• 18:18
  Hold on here. It's going to take a second.
• 18:21
  There's silver. This is what's going on.
• 18:24
  We'll come. Well, no, we won't.
• 18:26
  We'll talk about this right now, silver in the futures market is
• 18:29
  selling for higher than silver in the spot market.
• 18:32
  It's a big deal. It has to do with how screwed up
• 18:35
  the markets are. We talked about it earlier, but
• 18:38
  it is a big deal, guys. There is some screwy, screwy
• 18:41
  things going on in the big electronic markets.
• 18:45
  It's real. It's happening right now.
• 18:48
  Some people are speculating that that it could lead to a silver
• 18:52
  squeeze. Everything leads to a silver
• 18:54
  squeeze. Who knows?
• 18:56
  Let's go look at the interest rates though.
• 18:59
  Hold on here, this, this, this is just insane.
• 19:03
  Let me get to it. Euro Asia 10 year bond, This is
• 19:09
  what everybody looks at the 10 year bond yield, the 10 year,
• 19:12
  the Chicago Board of of options exchange 10 year bond yield.
• 19:16
  Let's look at this is not the one we want to look at, OK,
• 19:20
  Currently at 4.4%. This is the bellwether.
• 19:25
  This is the what everybody looks at and we'll go down here and
• 19:28
  look at we'll just do a six month.
• 19:31
  This is when the Fed cut rates down here.
• 19:34
  Let me let me draw for you OK, 3.6 percent and this is when the
• 19:40
  Fed cut interest rates and what happened?
• 19:44
  We went from 3.6 all the way up to 4.4 almost three.
• 19:50
  I'm over 3/4 of a percent higher.
• 19:53
  The feds, the feds lost control. The Fed is, you know, they're
• 19:56
  like trying to steer the ship and then in Jerome's like the
• 20:00
  rudder's not working, you know, cuz that's what this is a big
• 20:04
  ship and the if Jerome steering the ship.
• 20:08
  Right. And he's got his governor's sat
• 20:11
  down and we're taking on water. It's like the Titanic.
• 20:14
  That's what we're living through right now.
• 20:16
  Remember, the Titanic was unsinkable.
• 20:19
  Remember, the US economy is the the most innovative bubble in
• 20:23
  the world. Yeah, OK, that's great.
• 20:25
  And I love my country. I'm.
• 20:27
  I'm I'm disgusted. I am disgusted with what our
• 20:31
  leaders and politicians, the position that they've gotten us
• 20:34
  into, even even Janet Yellen. Did you hear?
• 20:37
  Hold on. She's got something to say.
• 20:39
  Hold on one second. Did you hear?
• 20:45
  Right? She was just this week.
• 20:47
  We're not supposed to feed her, OK?
• 20:49
  Just this week, right? She said I'm sorry.
• 20:54
  She said she was sorry. OK, so she's, she's going to be
• 20:57
  gone soon, all right. And I've never met her.
• 21:00
  She seems like a nice, pleasant lady, but she's very sorry.
• 21:04
  She apologized because of the situation that she got our
• 21:09
  country into. Don't forget, she was a Federal
• 21:12
  Reserve governor. She was at the head of the
• 21:15
  Federal Reserve. And then she was the the,
• 21:18
  whatever, the Treasury Secretary, the top financial
• 21:21
  person in the United States. Under her watch at the Fed and
• 21:25
  at the Treasury, we accumulated over, I think, 16 trillion or 17
• 21:30
  trillion more in debt. But, you know, she's sorry.
• 21:34
  Well, sorry is not good enough. Apology not accepted.
• 21:37
  How about you write a check for $17 trillion?
• 21:40
  Where was I? Yeah.
• 21:41
  So. So, guys, yeah.
• 21:43
  The feds lost control. The feds, sure.
• 21:46
  The feds going to lower. The feds going to lower rates,
• 21:49
  inflation's going to take off OK, and so will the price of
• 21:54
  gold and silver. Oh, I forgot.
• 21:56
  This is great. You know what I've got the this
• 22:00
  is scary and hilarious at the same time, if that's possible.
• 22:04
  Is that possible right Well, get ready to be scared and also cuz
• 22:09
  this will show you just how messed up everything is.
• 22:12
  But I want to mention to you, if you, I want to say thank you,
• 22:17
  I'm going to say thank you to Pin Backs for sponsoring Ron's
• 22:20
  Basement. It's been a great experience.
• 22:22
  It's been over a year. They've helped so many of you
• 22:25
  basement dwellers get metal in your hands, silver, gold and
• 22:29
  platinum group metals. But not only have they done
• 22:31
  that, but they've helped our group, our people get more metal
• 22:35
  for their money because their prices are always ultra
• 22:39
  competitive. Often times, like for the same
• 22:42
  coin, whether it's an American Silver Eagle or a or a Britannia
• 22:46
  or an Australian kangaroo silver coin, the prices are a dollar or
• 22:51
  two cheaper than some of these big online, big name brand
• 22:55
  online bullion dealers that spend, you know, unbelievable
• 22:59
  amounts of money on advertising and everything else.
• 23:01
  Look, Pendeks, they are a very efficient company and they're
• 23:06
  one of their goals is to get the most metal in the hands of their
• 23:09
  customers. And I believe and my experience
• 23:12
  has been because I worked with them before the sponsorship that
• 23:15
  they're doing an awesome job at that.
• 23:17
  You can check them out here at pinbex.com.
• 23:20
  I will never give you financial advice.
• 23:22
  I will never tell you what to do.
• 23:24
  I'll say check them out for yourself.
• 23:26
  Do your own due diligence. I think you'll find what I found
• 23:30
  and that is Pinbex is best. Are you ready?
• 23:34
  We had 650 people. What are you?
• 23:37
  This is awesome. It's a Saturday Night Live
• 23:39
  stream party. We love gold.
• 23:42
  Say you know what I love silver. Say say what you love in the
• 23:46
  comments. I love silver.
• 23:48
  I love you too. OK.
• 23:50
  Doesn't hurt to say that every once in a while.
• 23:52
  Thank you for being here. From what I can see, she was OK.
• 23:57
  OK, I got to be careful if I read, if I read the comments
• 24:03
  while we're live because we get some interesting things.
• 24:05
  You guys are great. OK, some very funny, interesting
• 24:09
  things. This though, what I'm going to
• 24:12
  talk to you about next is, I think funny on one level, but
• 24:19
  also downright scary and madding, mad, scared and funny.
• 24:25
  All right, we're going to touch three of the big human emotions
• 24:28
  with this one, OK, and this has to do with crypto in this.
• 24:31
  This is the competitor to silver and gold.
• 24:35
  OK, hold on. We got to look at this one.
• 24:37
  Here we go Take a deep breath because this is not a joke.
• 24:42
  OK, There's a crypto a new crypto out called fartcoin in it
• 24:48
  crypto atmosphere by storm and it now has a market cap of 500
• 24:54
  $1,000,000 Look, a lot of the silver mining companies that I
• 25:01
  invest in have market caps of like maybe 5% of that OK fart
• 25:09
  coin. So a lot of base meme coin fart
• 25:11
  coin surpasses this is this is insane surpasses 38% of major US
• 25:19
  firms. That means now that fart Coin is
• 25:22
  bigger than almost 40% of the major companies in the United
• 25:27
  States, he says. I hate that I'm writing this as
• 25:31
  much as you probably hate reading it, but here we are.
• 25:33
  The mean coin, Fartcoin. Yes, Fartcoin has officially
• 25:37
  blown past expectations and now boast a market cap larger than
• 25:41
  38% of publicly traded companies in the United States.
• 25:46
  Tell me we are not in a bubble. OK?
• 25:49
  Tell me we are not living in a fantasy island economy when we
• 25:55
  have something called fartcoin that gets a $500 million market
• 26:02
  cap. OK, $500 million.
• 26:05
  That girl Haktua, if you know what that was, you can look it
• 26:09
  up for yourself. But it was this this like TikTok
• 26:13
  and she's very cute and very nice.
• 26:14
  I liked her. I think she's cute, funny, OK,
• 26:17
  and it was this viral TikTok video and then she started a a
• 26:21
  podcast, OK, and then she started her own crypto and it
• 26:26
  shot up and it's it's insane. Tell me we are not in a bubble.
• 26:30
  I don't believe it. I absolutely don't believe it.
• 26:33
  Next year 2025, I'm telling you is the sleeper.
• 26:38
  I mean, isn't it the way? Do you agree with me?
• 26:43
  Like it's usually the things that you expect are going to
• 26:47
  happen that don't happen, but it's always the unexpected.
• 26:51
  I think it's so unexpected that next year is going to be the
• 26:55
  year of turmoil, that that is what we are heading into.
• 26:59
  Silver and gold will be OK, period, period, right?
• 27:05
  We know why. We have thousands of years of
• 27:08
  experience, right? Silver and gold could be on the
• 27:12
  launchpad. Let's look at the silver chart
• 27:15
  real quickly and I'll show you another reason why I think
• 27:17
  that's kind of a critical juncture of where we are right
• 27:22
  now when it comes to silver, OK, cuz we are at a critical,
• 27:28
  critical point with the silver price.
• 27:30
  Let's pull up gold 1st and look at the gold chart and kind of
• 27:35
  see where we've come and see where we are heading.
• 27:41
  And here we go, Look at this. All right, Flash, flash crash.
• 27:45
  Wonder what happened there? No, no manipulation.
• 27:48
  Of course, not so in the futures markets, the gold futures
• 27:53
  markets right now for February, gold is trading at 2665.
• 27:58
  Here's a six month chart of gold looking healthy.
• 28:02
  I mean looking strong. Let's look at a one year chart
• 28:06
  of gold. I mean, look at this guys, man.
• 28:10
  I can draw a straight line from back in February, right?
• 28:17
  All the way up, up, up and away now, right?
• 28:24
  If we break down below that line, that's not a good thing,
• 28:29
  but it's not the end of the world.
• 28:31
  The other thing that we want to look at with gold is you know we
• 28:35
  can also draw a bit of that which is the a triangle pattern.
• 28:42
  Look, think about it is the price continues forward here
• 28:45
  into the coming months. It's got to break out one way or
• 28:48
  the other, up or down, OK? We have been trading right
• 28:53
  around where we are here since when's the last time we hit that
• 28:57
  probably early late September. So we've been trading in this
• 29:02
  range that's now getting closer and closer for three months.
• 29:07
  It'll be interesting. You know, I believe that we will
• 29:10
  get a break up here. Absolutely.
• 29:13
  Let's draw an arrow and be an optimist.
• 29:18
  Now let's go look at the silver chart because silver is in a
• 29:23
  very critical place right now. Silver, we've talked about this
• 29:27
  on an annual basis. If it closes above, let's say
• 29:32
  $3132.00 per oz and it's really frustrating because, you know,
• 29:39
  just two days ago in the silver price here, let's look at where
• 29:44
  we were. Let's look at hold on here.
• 29:47
  There we are. Make sure I got you guys on the
• 29:49
  right screen, which we do. Hello, hello, Hello, Shelby.
• 29:53
  Wow, thank you for that super chat.
• 29:55
  Super appreciated, man. Super appreciated, Shelby.
• 29:59
  All right, back to the silver chart.
• 30:00
  Enough of that. I'll quit yapping.
• 30:03
  Have a sip of coffee, man, look at silver on a one year chart so
• 30:12
  we can go all the way back to May was when we were at kind of
• 30:18
  at where we are right now. Now let's draw some lines on
• 30:22
  here because again, we have reason for great optimism.
• 30:26
  Oh shoot, hold on, wrong line. We want the straight line.
• 30:31
  There we go. Look back here, all the way back
• 30:35
  here, really. I mean, this can go woof, I
• 30:40
  mean, look at that. OK.
• 30:41
  Again on the two major key levels, where we are right now,
• 30:46
  right where my arrow is $30, $31.00 per oz, OK, there's two
• 30:52
  critical things. If we drop down below that and
• 30:55
  they may try guys, they may, they may give it their all and
• 30:59
  I'll tell you why, because of the next critically important
• 31:02
  point, we drop down below that, we will drop below this, this
• 31:06
  upper upward sloping trend line that we've been in for almost
• 31:11
  one whole year, right? The longer it goes, the more
• 31:15
  powerful it is. But you know how strong these
• 31:20
  manipulators are of the silver price.
• 31:22
  But the other probably, I think biggest thing going on right
• 31:28
  now. Let me see if I can.
• 31:30
  Let me see if I can find this quickly for you.
• 31:34
  Silver. Yeah.
• 31:35
  I think it's another one from Gary Savage.
• 31:38
  Is this. Hopefully this is the right
• 31:42
  chart we're going to be looking at.
• 31:44
  Yeah, we talked about this earlier, so I'm not going to go
• 31:47
  into what he said, but the banking cartel does not want the
• 31:51
  silver price to close about $30.00 for the year.
• 31:54
  OK. And here is why.
• 31:57
  This chart, this Candlestick chart shows the cup and handle
• 32:00
  pattern. I mean, this is we're going to
• 32:03
  choose a different color here. Let's go with we'll go with
• 32:06
  green. Green will look nice.
• 32:08
  We want green on this chart and hold on here OK, because this
• 32:16
  starts back in 1980 and this is the annual close.
• 32:21
  So this is the the December 31st cup and hand all OK, this right
• 32:27
  here is right where we are. See this?
• 32:29
  He's got it written and highlighted 31.
• 32:32
  That's the blue line. That's the line in the sand.
• 32:36
  If we close the year above that right, you can see the current
• 32:40
  year candle right in the solid part.
• 32:43
  The upper part of that solid part is where we are right now.
• 32:46
  That's how candles work on this chart.
• 32:48
  The red candles are down years. Each one of these bars is called
• 32:53
  a candle. The red ones are down years.
• 32:56
  That means it opened at the top part of the solid and closed at
• 33:00
  the bottom part of the solid. It got as high as that Wick
• 33:04
  that's called a Wick, like a candle Wick on the top and got
• 33:07
  as low. But basically during this year
• 33:10
  on this red one right here, right where my cross is, it
• 33:14
  opened at that at this level 31 and close down here.
• 33:19
  So this candle in our current year shows us that we open the
• 33:23
  year around what, $2223 per oz Since now we're up for the year,
• 33:29
  we're right here at 31. We did get as high as the top of
• 33:34
  that Wick at 35. If we close right, If we close
• 33:39
  up here above this line, that's a breakout of the of the of the
• 33:45
  annual of the of the cup and handle pattern on an annual
• 33:49
  basis. Guys, this is the most that
• 33:52
  would be that would be the most bullish thing that could ever,
• 33:58
  ever happen for the gold and silver price.
• 34:01
  Thanks again, Shelby for that super chat, my friend.
• 34:04
  That would be unbelievable. That would be like the look, the
• 34:10
  cup and handle pattern is recognized as one of the most
• 34:13
  reliable, one of the most followed in the technical
• 34:17
  analysis world. The cup and handle that's been
• 34:20
  being developed on the silver for 44 years.
• 34:24
  The longer it goes, the longer the time frame that the cup and
• 34:28
  handle develops over, the more reliable that it is.
• 34:33
  So we've got a lot to look for this last.
• 34:35
  What are we at? We got two weeks, OK, Two weeks.
• 34:38
  OK, OK. Everybody asked me this
• 34:42
  question. I get this question over and
• 34:46
  over. Let's see if you know the answer
• 34:48
  to the question over and over. Here's the question and see if
• 34:53
  you know this answer. Ron.
• 34:55
  Yeah. You talk about silver going to
• 34:57
  $60.00 an ounce. You talk about silver going to
• 35:00
  $150.00 an ounce. Oh, you're crazy.
• 35:02
  But, you know, I don't think it's crazy.
• 35:05
  I don't think most of you think it's crazy, but let's just be
• 35:08
  crazy. Let's say that that other, you
• 35:11
  know, crazy guy out there that thinks silver's going to 100
• 35:15
  triple digit, Keith Newmeyer. And I do not.
• 35:17
  I have an utmost of respect for Keith Newmeyer and I also agree
• 35:21
  with him that we will get $100 silver.
• 35:24
  Ron, here's the question. If silver goes to $100, who's
• 35:28
  going to buy my silver? Who's going to buy my silver?
• 35:32
  And I, and I kind of get that question and why people ask it,
• 35:36
  but it's a real simple answer, guys.
• 35:39
  If silver when, not if, in my opinion, don't make any
• 35:43
  financial decisions based on anything I'm saying.
• 35:45
  But when silver goes to $100 per oz, you'll have every
• 35:51
  opportunity in the world to sell it because the only way that
• 35:56
  silver is going to go to $100 per oz.
• 35:59
  Think about it is if there's buyers, that's how it gets
• 36:02
  there, OK, If it gets to 100 and nobody wants to pay 100 for it,
• 36:07
  well then maybe it drops to 95. If you're like, I'll buy it for
• 36:10
  95. And if it gets to 100 and
• 36:12
  there's more buyers than sellers, then the price goes to
• 36:17
  one O 5 and at one O 5, right? If there's still more buyers
• 36:22
  than sellers, it goes to 110. And if it goes to 110 and
• 36:27
  there's more sellers than buyers, well, then it drops back
• 36:31
  to one O 5 or one O 2 or one O 8, whatever the case may be.
• 36:35
  It's a, it's a big market. It's not a massive market, but
• 36:38
  it's a big market. And so you've got to understand
• 36:41
  that, yes, no matter where they'd be like, let me, let me,
• 36:45
  let me phrase that to you another way, OK, let me phrase
• 36:48
  that to you in the other way. People like again, so many
• 36:51
  people. Are you one of those people?
• 36:53
  I'm not one of those people because I probably don't
• 36:55
  wouldn't want to sell it anyway. I might exchange it for some
• 36:57
  other products or services when silver goes to $100.
• 37:01
  But guys, think about it. So if you, if you're one of
• 37:04
  those people, but I'm not, I'm just joking around.
• 37:08
  I'm not joking around because it's a question.
• 37:09
  I get over and over that thinks, oh, if silver goes to 100,
• 37:13
  silver goes to 60, I won't be able to sell it because nobody's
• 37:16
  going to pay me that much. Let me ask you a question here.
• 37:19
  What we'll do. We'll, we'll go on a quick field
• 37:21
  trip to answer this. I want you to, I want you to
• 37:23
  ponder this idea. Here's Silver.
• 37:27
  We'll go look at the chart. Let's go back here to, oh, we'll
• 37:34
  go to 2000, August of 2018, and silver was at about $14.00 per
• 37:42
  oz. OK, so back then, if somebody
• 37:46
  had told you, oh, silver, what? Silver's gonna go to $30.00 an
• 37:49
  ounce and it's at 14. You're like, well, who's gonna
• 37:51
  buy silver for $30.00 an ounce, right?
• 37:54
  Well, guess what? Where are we right now?
• 37:57
  There are lots of people who would gladly buy for $30.00 an
• 38:02
  ounce, right? I don't know what the coin shops
• 38:04
  are doing with premiums and everything else, but you get my
• 38:07
  point, right? There's plenty of people right
• 38:09
  now, but in 2018, when silver was 14, you may have thought
• 38:14
  $30.00 an ounce. There's no way, right?
• 38:17
  Like if I had told you that in six years the price of silver
• 38:20
  would more than double, you'd be like, well, nobody's going to
• 38:22
  buy it for that amount. That'd be like me saying it's
• 38:25
  going to more than double from here to $60.00 per oz.
• 38:28
  Yes, people will buy it because because there's always a market.
• 38:34
  Think about this. Think about this right?
• 38:38
  We know the Chinese. Why is it important that we keep
• 38:43
  an eye on the Chinese? Because we know the Chinese are
• 38:46
  buying the precious metals like never before.
• 38:49
  But wait till we refresh with unbelievable data that we have
• 38:56
  out of India. The Chinese are buying gold hand
• 38:59
  over fist. Their central bank is buying
• 39:01
  gold again. We know that, right?
• 39:04
  Sorry. We know that on the Shanghai
• 39:07
  Gold Exchange, right? The silver price is always much
• 39:10
  higher than it is right now, right?
• 39:13
  We know that. We know the Chinese are buying
• 39:16
  silver directly from South America, bypassing the COMEX,
• 39:20
  bypassing the LBMA. Guys, this is real.
• 39:25
  This is happening, right? This, this, this is this is
• 39:29
  real. The guys at first Met sent me
• 39:31
  this one, right? Beautiful Look at that.
• 39:35
  Can you see that and make sure you can get a good focus on
• 39:37
  that. I'll take it out next time.
• 39:39
  It's an Indian, it's a it's a beautiful silver and it's real.
• 39:43
  It's happening. OK, They're bypassing the comex
• 39:46
  in the LBMAI Got a little news for you.
• 39:50
  OK. And it's very difficult stuff to
• 39:53
  understand, but it's happening right now on the big electronic
• 39:57
  exchanges. Imbalances are occurring that a
• 40:00
  lot of people are very, very suspicious of, right?
• 40:04
  The premium being paid, the difference between the spot
• 40:08
  market and the futures market, right?
• 40:11
  People are getting nervous. Things are changing, right?
• 40:14
  The Chinese are taking over the precious metals markets.
• 40:18
  We don't know that cuz we you know, but the data tells us
• 40:22
  that. Right.
• 40:23
  That what we hear from people like Andrew McGuire, what we
• 40:26
  hear from from the the people that understand what's really,
• 40:30
  really the mechanics of these markets are throwing up the red
• 40:34
  flags and saying that we've got trouble ahead.
• 40:38
  I want you to think about this. I was talking to my buddy last
• 40:43
  night, Slick Willie. He's ACPA.
• 40:46
  He's a, he's a, a, a very accomplished guy, very wealthy
• 40:50
  guy, you know, all that great stuff.
• 40:52
  And, and we were talking about gold and silver.
• 40:57
  And I told him, you know, I'm like, you know, the, the, the,
• 41:00
  the, the Indian families, the amount of gold they have fathom
• 41:06
  this. This is unfathomable that
• 41:11
  Chinese families have like 26,000 metric tons of gold in
• 41:16
  their houses, at their houses. OK, more than three times what
• 41:22
  we have at Fort Knox, for crying out loud.
• 41:25
  So don't, don't. And the Indians are, are, are
• 41:29
  beginning to fall in love more and more with silver.
• 41:35
  The Indian farmers always love silver.
• 41:38
  And this blew me away. And I did research on this and
• 41:41
  it's been a couple months. So this is this, this bears our
• 41:44
  to, for us to focus back on this.
• 41:46
  There are Indian farmers love silver.
• 41:49
  If they get a harvest and it's good, what do they do?
• 41:51
  They buy silver, right? Can you blame them?
• 41:55
  Maybe we're all Indian farmers at heart, I don't know.
• 41:58
  But there are 100 million farm families in India.
• 42:04
  Do you know that? Right?
• 42:07
  We know about China. Let's forget about China.
• 42:10
  Let's talk about II. Is 1.4 billion people America?
• 42:15
  Yes. I love my country.
• 42:18
  I love my founding fathers. I love the Constitution.
• 42:21
  We have 330 million people in the United States.
• 42:26
  Can you do some basic math with me?
• 42:28
  330 * 4 is 1.3 billion, right, Right, Yes, right.
• 42:42
  India has four times the number of people of the United States.
• 42:45
  Indians love gold. Indians love silver.
• 42:51
  There's 100 million Indian farmers.
• 42:55
  That's like, that'd be like if one in three Americans was a
• 42:58
  farmer. Indian farmers in particular
• 43:02
  love silver. Think about this.
• 43:04
  If each one of those Indian farmers were to buy 5 ounces of
• 43:07
  silver, OK, which would be big for them, all right?
• 43:11
  That cost like the equivalent of $150.00.
• 43:13
  Nonetheless, that would be 1/2. That would be half a billion
• 43:17
  ounces of silver. That's almost what the solar
• 43:21
  industry is using now. And that would pretty much wipe
• 43:25
  out all the world's silver mine supply.
• 43:28
  It's not China's not taking directly.
• 43:30
  We've got, we've got we've got to keep these big numbers intact
• 43:34
  and in mind when we look at what is going on in the silver
• 43:39
  market. And it always, always comes back
• 43:42
  to gold and silver. It always has.
• 43:45
  It always, always has. Hey, guys, thank you for being
• 43:49
  here. Thanks for being part of the
• 43:50
  basement. I appreciate you.
• 43:52
  Have a good rest of your night and I will see you soon.
• 43:54
  Thank you to Annie Oakley. Thank you to Jake from Jake's
• 43:57
  custom Parts, all the moderators, Big Tim, the
• 43:59
  Silvershire. I see Annie here.
• 44:02
  I don't know if Jake's here. Thank you.
• 44:04
  OK. Thank you for that super chat.
• 44:07
  Well, make sure I didn't miss 1 Shelby.
• 44:09
  Oh, Juan Martios, hold on a minute here.
• 44:12
  Cheers from Spain. I'm not selling.
• 44:16
  I'll buy more if it drops below 30.
• 44:19
  Let's hold tight together. Yes Juan Joe, look at that guys.
• 44:22
  And that just shows us we are all over the world, man.
• 44:26
  I'm so happy that I'm happy for the Super chat. 5 euro, 5-6
• 44:31
  euros. Thank you, my friend.
• 44:33
  But the fact that we've got somebody from Spain, we probably
• 44:37
  got people, you know what, everybody type, everybody.
• 44:40
  I want, I want to do something here.
• 44:41
  Don't leave, don't leave, Don't leave.
• 44:44
  Before we go, type what country you're joining from so we can
• 44:48
  all see. OK.
• 44:50
  I just put in there. I'm here in the United States of
• 44:52
  America, right in Saint Louis. I'm going to see where
• 44:56
  everybody's from. Thank you.
• 44:58
  Robert Kemp, USA. We're mostly in the USA, but
• 45:03
  we're Canada. Marsh, Mass, my friend.
• 45:05
  Good to see you. Norway.
• 45:08
  Wow. Thank you.
• 45:10
  Hagar. Brooklyn, NY, USA.
• 45:13
  Canada. New England.
• 45:16
  South Dakota. Italy.
• 45:18
  Look at that. The Netherlands.
• 45:20
  Alberta. Canada.
• 45:22
  Oregon. Italy.
• 45:23
  Shanghai. OK.
• 45:27
  Snake bite. Hey, thank you.
• 45:29
  Annie Oakley. Good to see you.
• 45:30
  I don't know if Jake's here. Italy.
• 45:32
  Sweden, right. Netherlands, USA, the People's
• 45:36
  Republic of New Hampshire. I mean guys, we are everywhere.
• 45:40
  Denmark, wow. Higgy first class Michigan, this
• 45:44
  is awesome. Egypt, Mohammed Kamal.
• 45:48
  Wow. See guys right.
• 45:51
  Silver and gold. Pakistan.
• 45:53
  Silver and gold Investors are from all over the world,
• 45:58
  including the United States. But places like Pakistan, the
• 46:02
  Netherlands, look at that silver marshmallow.
• 46:05
  I mean, guys, right? We're the biggest market in the
• 46:09
  world, period. We're the oldest market in the
• 46:12
  world, period. We are the most powerful market
• 46:15
  in the world, period. I don't care what they say.
• 46:19
  I wrote this down. Hold on, darn it.
• 46:20
  I wrote this down somewhere, you know, like silver and gold are
• 46:23
  just kind of are are just kind of silently lying and wait,
• 46:28
  right? And they're there.
• 46:29
  Hey, Jake, I'm here, boss. Thank you, Jake.
• 46:34
  Right. We're everywhere, guys.
• 46:36
  Nebraska, Republic of Texas. Sorry if I didn't get A to read
• 46:40
  everybody's locations. Thank you.
• 46:43
  OK, guys, I appreciate you. Have a great night and I'll see
• 46:47
  you soon. OK, Bye.
• 46:48
  Bye.