Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ⭐ALERT⭐ SILVER Price Will HAVE a MASSIVE Change... (The New Oil)

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⭐ALERT⭐ SILVER Price Will HAVE a MASSIVE Change... (The New Oil) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:02
Is silver the new oil and what does that mean for the future of
0:07
the silver price? You're going to be shocked when
0:09
you hear a new piece of research that one of our basement
0:13
dwellers uncovered that I'm going to share with you later in
0:16
this video showing how silver could actually be the new oil.
0:21
We know over the last 100 years the world economies were
0:25
dominated. Buy oil What?
0:28
Would happen to the silver price?
0:29
What would happen to demand for silver if silver turns out to be
0:35
the new oil for the next 50 or 100 years?
0:39
Yes, $400.00 silver. You know, I had to temper my
0:43
enthusiasm because I think the number could be closer to 600 or
0:46
$800 silver. Guys, there's some interesting
0:49
developments in the silver world.
0:51
We're going to get to them, but even more interesting right now,
0:55
we're going to talk about how Wacky Wednesday, this Wednesday
0:59
will be a massive, massive, huge Newsday will have major impact
1:05
on the price of gold and silver. We got two big, big news events
1:09
on Wednesday. I'm going to tell you why I
1:12
think it could actually be. We're going to be optimistic,
1:15
fellow basement dwellers. We love our silver.
1:18
We love our gold and our platinum.
1:20
We're going to be optimistic about this Wednesday and I'm
1:24
going to paint a little Unicorn fairy picture for us, right?
1:28
We deserve a little Unicorn fart dust from time to time and why
1:32
it could be a great, great day for the silver price and the
1:36
gold price. We got political upheaval
1:38
throughout the world. We got so much to talk about.
1:42
It's unbelievable. An article from CNBC that is
1:45
bullish for gold, believe it or not, maybe that marks the top.
1:49
We're going to talk about that, but let's get started here.
1:52
Monday morning update. Let's go check on the silver and
1:55
gold price. Thank you basement dwellers for
1:57
being here. Man, Friday was a route, wasn't
2:00
it? Hold on, let's get back and look
2:02
each other in the eye. We survived Friday.
2:05
Silver and gold enthusiasts, basement dwellers, Silver down
2:09
$2.00, Gold down $80.00. Let's go check and see.
2:13
Get ready for your blood pressure to skyrocket.
2:17
Let's go to pin backs. Let's update this.
2:20
And see where, OK, silver's up $0.36 per oz 2961.
2:28
It's going to be interesting, OK, over the course of this
2:32
week, I'm telling you, by Friday, we're either going to
2:35
have $31.00 silver or we're going to have $26.74 silver, one
2:42
of those two. And I, I, I'm going to be
2:44
optimistic and, and root for that $31.00 silver.
2:48
It's not going to be where it is right now.
2:49
If we close Friday at $30 silver, I'll do something crazy.
2:54
I'm telling you, we're either going higher or lower.
2:57
We're not going to be in this range by the end of the week.
2:59
Gold's up a little bit as well. Hey, let's take this opportunity
3:02
to say thank you to channel sponsor Pinbex.
3:06
I have them as a sponsor because I believe in them.
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I've worked with them in the past.
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if I need to in the packages always come up, come to the
3:49
house wrapped up like Fort Knox. They're they're fun to unwrap
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and even funner when I open it and know that instead I got a
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couple extra like bonus ounces of silver because I got a better
4:01
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OK, more metal for your money now.
4:14
Crazy Wednesday. Let's start with that crazy
4:17
Wednesday. This Wednesday could be major
4:21
moves in the silver price and gold price.
4:24
We have two big events coming up.
4:26
OK, we have the Fed meeting, the Fed monetary policy announcement
4:30
for this guy. He hasn't been out-of-the-box
4:35
for a while. He's going to come
4:37
out-of-the-box on Wednesday, right?
4:39
And tell us what's his read of what's going on in the economy.
4:43
Yeah, here, look, look what he has in there with him.
4:46
Don't worry, he's got his trusty little Unicorn.
4:51
So that's Wednesday. The other thing we get on
4:54
Wednesday will be inflation numbers.
4:57
Now let's go out and then I'm going to tell you why I think
4:59
Wednesday. We're going to be optimistic.
5:03
Could be a massive good day. For the price of precious
5:06
metals, OK. Could be the.
5:08
Other way, but I'll tell you why I think it absolutely could be a
5:11
very good day. First, let's go out.
5:14
Let's go to the United. Kingdom, what do you say?
5:16
Huh. Somehow I think they realized
5:20
that us basement dwellers are sophisticated.
5:22
When I go to Yahoo finance, if you.
5:24
Hold on here. Yep, you're on there.
5:27
If we go up here, this is from the United Kingdom.
5:30
Look, everything's what is they, what do they use over there?
5:33
Pounds, something like that. The Footsie, the Footsie, the
5:38
great British, everything's in. But anyway, this article tells
5:41
us what's going to happen this week.
5:43
We're just going to go over the highlights very quickly,
5:45
Inflation reading and the Fed meeting.
5:48
What to know this week. All right, this is what you need
5:51
to know and I've already got it highlighted for you because I'm
5:54
prepared today, the week's. Highlights.
5:56
Include the June Federal Reserve meeting and a key inflation
6:00
reading on Wednesday. The first reading of consumer
6:03
sentiment for June is also expected on Friday.
6:06
We know that consumers are so optimistic.
6:09
Everybody has with all this extra money Americans are
6:12
making, with the way that our wages have just gone so far
6:16
above and beyond inflation, Americans are just feeling so
6:20
rich. I'm sure, I'm sure because
6:23
that's what that's what Bidenomics needs that here,
6:26
right? We got to keep Bidenomics happy.
6:28
I'm sure that on Friday we're going to hear how great.
6:31
Consumer sentiment is how rich everybody feels, right?
6:34
Yeah. I hope you know I was joking
6:36
when I said that sometimes you guys don't know when I'm joking
6:39
and I get in trouble. OK, quote, this is about the
6:43
Fed. Policy makers will need to see a
6:46
few slower inflation reports over this is what this is what
6:50
I'm going to tell you is the secret of what I think is going
6:52
to happen Wednesday. Policy makers.
6:55
We'll need to see a few slower inflation reports over the
6:58
summer in order to start cutting rates by fall, Wells Fargo
7:02
senior economist Sarah House wrote in a research report on
7:06
Friday. OK, the next update on inflation
7:10
is expected on Wednesday morning with the release of the May
7:15
consumer price index Wall Street expects.
7:17
Blah blah, blah. Here's what's gonna happen,
7:19
guys. Make sure there's nothing else.
7:21
OK, here we go. Well, here we go.
7:22
Let's go back here. I want to see you face to face.
7:25
We have to have a serious discussion.
7:27
Here's what's going to happen Wednesday, all right?
7:29
We're going to get really low inflation numbers, right?
7:34
Because it's getting to that critical time with the election
7:36
cycle going up. So, So imagine, envision Joe
7:40
Biden. I know he likes to ride
7:41
bicycles, but imagine Joe galloping up on a Unicorn, a
7:45
rainbow Unicorn, right? And he's going to drop a nice.
7:49
And say, look, inflation's going down, my my policies are working
7:54
now it's all a bunch of BS, but we'll play the BS game with
7:58
them, right? And you know who knows?
8:00
Thank you, Jessica, wow, thank you for that super chat.
8:03
This has everything to do with silver and gold and the gold
8:07
price on Wednesday 'cause I think we could get a big major
8:10
jump up. I may be wrong.
8:12
Don't make any financial decisions.
8:14
But when Joe rides in on his Unicorn Wednesday and says, oh,
8:18
here, my friends at the Bureau of lies and statistics gave me
8:21
this great if I think that's where the number comes from,
8:24
gave me this great inflation, inflation's going down number.
8:28
Look, biotonomics is working. I'm, I'm, I'm, I'm in, I'm
8:31
taking care of the American public, right.
8:34
Well, guess what that means. And, and the whole it's all I
8:38
know. It's like going into a fun house
8:40
with mirrors. It gets confusing cause in.
8:41
The long run, gold and silver do well and high inflation, but in
8:45
the short run, and we're talking about Wednesday, and I'd say
8:47
that's the short run, this low inflation number they're going
8:51
to give us is going to be very good for silver and gold
8:53
because, Because here, let me show you why we're going to tie
8:58
this all together. Because the release of the
9:03
inflation numbers come just hours before the Fed's latest
9:06
policy decision, where markets largely expect the central bank
9:09
to keep rates unchanged. If the Fed raises rates on
9:12
Wednesday, all bets are off. I don't think that's going to
9:14
happen. This pushes the main focus to
9:17
the Fed's latest summary of, all right, the dot plot and all that
9:21
stuff. So when Joe comes riding into
9:24
town Wednesday on his Unicorn, Uncle Joe, hold on here trying
9:30
to get you back. There you are good to see you.
9:32
Thank you for being here. Please give this a thumbs up.
9:35
You can subscribe, that's free. That's all I'm going to beg you
9:38
for the whole time. Super chats are super
9:40
appreciated. Thank you for the one that came
9:42
through earlier Wednesday could be huge for silver and gold,
9:47
right? They're going to manipulate
9:48
these numbers. It's the same Unicorn that Joe
9:50
rode into town on last Friday. Remember those great jobs
9:54
numbers? Right.
9:55
That was bad for silver and gold.
9:58
OK, right. But on Wednesday, it's gonna be
10:01
in his interest to say, oh, I'm beating down inflation.
10:04
That's gonna mean people, the, the, the dummies.
10:07
I'm sorry. There's no other way to say it.
10:08
The, the, the market, it's all a bunch of noise and Unicorn fart
10:12
and all a bunch of it's a joke. But nonetheless, the market's
10:15
gonna perceive this low inflation rate, right?
10:18
Meaning that the Fed can cut rates sooner.
10:22
Which is all. It's all funny money BS, but
10:25
that's what you can expect on Wednesday.
10:27
OK, you heard it here first. I could be dead wrong.
10:31
Don't make any financial decisions based on what I'm
10:33
saying. But you got to realize we're in
10:35
a in an election year and they're going to paint the
10:38
numbers, baby, paint the tape any way they can.
10:42
OK, Shocking, Shocking. Could we be we're gonna move on
10:48
to the next major big news story, geopolitical news story
10:51
that will impact silver and gold, right?
10:55
Just like the Unicorn numbers on Wednesday could be very good for
10:58
silver and gold. Are silver and gold reacting
11:00
this morning because of major political upheaval all
11:04
throughout the world? Have you heard this statistic
11:07
that like 80% of the world's population is gonna be voting
11:11
for like a new president, a new leader during 2024?
11:15
And we got some shocking. Even the Wall Street Journal
11:19
called this shocking news out of Europe.
11:22
OK, the conservatives, the right wingers they're calling them,
11:26
are taking over. OK, now here's what gets scary
11:31
right as the, as the, as the established political parties in
11:36
the world are losing power. Potentially, some people say
11:41
that coincidentally, possibly I have half a tinfoil hat on right
11:46
now envision that, that sometimes those types of periods
11:50
seem to coincide with when there's major events or major
11:54
crisis in the world. Now we've talked about this ad
11:58
nauseam. I think in the next six months
11:59
we're going to have some type of major economic event, Black Swan
12:03
event, whatever the case may be. Could that be precipitated,
12:08
catalyzed, catalyzed by what's going on right now is
12:12
conservative right wing party are are sweeping through Europe.
12:17
I'm not political, Excuse me, excuse me, I'm not political,
12:26
OK, but I'm just reporting the facts.
12:28
The conservative right wingers, it's unbelievable apparently
12:32
what went on in Europe. Let's go out to first Zero Hedge
12:37
as a right wing tsunami France stunned after Macron announces
12:43
snap elections following crushing defeat in European
12:47
Parliament Vote OK in orange. Follow with me Following a
12:52
historic loss to Marine Le Pen's right wing party in European
12:57
elections on Sunday, right, French President Emmanuel
13:00
Macron, excuse me, I have a little cold, said he is
13:07
dissolving the French parliament.
13:09
Dissolving the French parliament.
13:17
Macron said France will hold a new election on June 30th and
13:21
July 7th. This is a high stakes maneuver
13:26
that the Wall Street Journal said stunned the nation of
13:32
France. OK, now let's go over here.
13:38
The Silver Academy took a little more aggressive stance on this.
13:41
We love the Silver Academy. Europe's imbecilic servitude to
13:45
the US empire is blowing back big time.
13:49
I think what he's saying here is, you know, the United States
13:53
ability to control what's going on in Europe politically is
13:58
falling apart, right? Because a lot of these guys were
14:00
aligned with Biden and the whole situation, the hegemony of the
14:04
West is over. Now.
14:06
Just look at this list of what happened.
14:09
And I want to point out to you guys as well, and I haven't,
14:11
we're going to run out. We'll, we'll do a check.
14:13
Is CNN even talking about this or are they focused on some
14:19
stupid story? Anyway, we'll go check that in a
14:22
second. This is major World News.
14:24
This is massive. This could be would precipitate
14:27
some type of crisis. This at minimum is conservatism
14:31
taking over throughout the world.
14:33
France National National Rally wins historic 31 1/2 percent of
14:38
the EU vote, forcing Mccrone to dissolve the national
14:42
parliament. We discovered that Germany Afd
14:45
surges to become the second largest party.
14:48
Liberal party's tank. Belgium Prime Minister resigns
14:56
after crushing defeat against the right Italy.
14:59
Maloney's brother of Italy wins in a historic landslide.
15:02
Remember that Lady that took over in Italy?
15:04
The conservative Austria right double s their seats and becomes
15:08
the largest party, Spain right, beating the left by 10%.
15:12
So this is happening all throughout the world.
15:14
My question is, is it being reported in the West right?
15:19
Is it being reported in the liberal W media?
15:22
Thank you, Jessica. Wow, thank you.
15:26
Learning how to use super chat. What do you know about goldbacks
15:29
I'll talk about? Goldbacks in a second.
15:31
Thank you for that super chat, Jessica.
15:33
OK, I do know about Goldbacks. All right, let's go back.
15:38
Let's just let's just check real quick.
15:39
I want to. See if CNN is actually reporting
15:45
what's probably the biggest breaking news.
15:49
Latest News And No, they're talking about the hostages in
15:57
Ukraine, Russia. There's President Joe Biden's
16:01
son. Yeah.
16:04
So I don't see anything here. National politics and disarray
16:10
after European elections. Well, it's hidden over there on
16:14
the left side. This is major geopolitical
16:18
events, guys. This is why you own silver and
16:21
gold. This is reading between a far
16:23
right surge up ends. They said it OK, national
16:27
politics. So this isn't just, you know,
16:31
zero hedge and Silver Academy. It's also CNN recognizing here's
16:36
what we learned. All right, we won't go into that
16:38
any deeper when it comes to gold backs.
16:42
Yes, I love gold backs. I think they're very awesome.
16:46
OK, Different people have different opinions.
16:49
You know, they are the gold notes that are that have gold
16:54
embedded in them. There is actually gold in in the
16:57
gold backs, no doubt about it. I talked to the guy that
17:00
invented it. I talked to the guy that makes
17:02
them after they do runs of gold backs, they take like random
17:05
samples and melt them down to confirm that the gold is in
17:08
there. They can be used as legal tender
17:11
in certain states. I have a set over there that was
17:15
sent to me by my friend Adam Van at Alpine Gold Exchange.
17:19
They're in New Hampshire, but I so I think they have New
17:22
Hampshire, Utah, maybe Texas. I don't know you, you can look
17:26
into it. Some people say that they, they
17:30
are, there's a big premium when you buy gold backs, right?
17:33
Like if you buy an ounce worth of gold and gold backs, you're
17:37
going to pay a lot more than if you bought the equivalent oz
17:40
worth of gold and let's say A1 oz gold coin.
17:44
OK, but there's a market for gold backs and they have a
17:47
value. If you go back on the channel or
17:50
if you send me an e-mail, I can look up some of the videos I did
17:54
in the past with the guys from Gold Back.
17:57
I like gold backs, right? I'm a stacker.
18:01
So if I'm going to stack gold, I would buy 110th oz coins.
18:06
Half oz. Yes, I do have some gold backs
18:11
to show. OK, Susie's instructing me to
18:14
show some gold backs, so hold on.
18:16
I'll be right back. OK, watch this.
18:19
It'll take me. This will be 10 seconds.
18:27
I'm a silver stacker, as most of you know, OK?
18:32
I keep very little metal here at the house and I have hardly any
18:35
gold. I own a ton of gold mining
18:36
stocks. I do have this.
18:38
That's a 110th oz gold coin, OK, which is really cool.
18:43
These gold backs are from South Dakota, so that's another one of
18:47
the states. So there are the gold backs.
18:50
They come in different denominations. 50 what's the
18:54
next 125 ten five and one So like the one gold back is equal
18:59
to I think one one thousandth of an ounce yes, one one thousandth
19:04
of an ounce. So the 50 gold back would be
19:08
worth and it's heavy. It's really cool.
19:10
I mean this these they're beautiful.
19:11
I love them. Isn't that beautiful?
19:14
See you. I can get a good.
19:16
I love gold backs. I mean they're absolutely
19:18
beautiful. This would be 120th cause 50
19:22
it's 52 thousandths of an ounce, which would be 120th.
19:26
And I mean, this thing's robust. They're all robust and they're
19:30
beautiful here. Look at the look at the 50
19:33
orange is my favorite color. That's, that's A50 gold bag.
19:37
I'm sorry, 25 gold bag. So yeah, and there's a lot of
19:43
information out there about them.
19:45
So, you know, I, I, like I said, I think they're very cool.
19:49
I think they're a, in certain states even a great way to
19:54
conduct business. So that's that's the gold back
19:58
wasn't. Planning on talking about gold
19:59
backs, but we got a lot more to talk about.
20:01
Where was I OK here? Political upheaval, manufactured
20:06
crisis. I mean, guys, that's what
20:09
politicians do when they're losing their power.
20:11
I'm not saying I'm not making any accusations.
20:14
I'm not saying anything is going to happen for sure.
20:17
But we talked about how this year was a set up for big, big
20:21
Black Swan type events. So be on the lookout, right.
20:24
I mean, we have war in Europe that is being escalated on a
20:28
regular basis. The situation in Israel, which
20:31
is being escalated on a regular basis.
20:35
And of course, the thing, the other one on the back burner,
20:38
China and Taiwan, right? And North Korea, South Korea,
20:42
there's a lot going on. There's a lot of powder kegs in
20:45
the world right now. And when politicians are losing
20:47
power, sometimes they like to create distractions.
20:50
Again, envision me with half a tinfoil hat when I'm saying that
20:54
I don't have a crystal ball. And I'm not saying that I think
20:58
for sure anything's going to happen.
20:59
I just want to be aware and to realize that that's why we own
21:03
precious metals, right? That's why we own precious
21:05
metals. OK, All right, we got all that.
21:10
Let's talk about let's talk about gold and silver, but let's
21:16
talk about silver in particular, as the new oil is I'd never this
21:22
blew me away. One of our one of our fellow
21:26
basement dwellers sent me this information and it's an idea
21:29
that that like it's all, all the pieces are there.
21:32
You know what I'm saying? Like when all the pieces are
21:35
there, we know, you know, all these like the story behind
21:38
silver and what's going on with silver.
21:40
But I hadn't put it all together until I read this comment.
21:43
So I want to bring you out and we're going to talk about how
21:45
silver could be the new oil. And I'm, I'm a kind of a
21:50
believer in this. And when I see this happening,
21:53
yeah, I can see $400.00 silver, I can see $600.00 silver.
21:56
I can see $1000. I can see Infinity high silver
22:00
depending on what happens to the dollar.
22:02
But even under the current, let's say, the dollar maintains
22:06
roughly the same amount of value that it has.
22:09
Now when we pull this all together and think about this
22:13
from a big picture, right? See the forest through the
22:16
trees? I've always said that to you,
22:19
right? I'm telling you, the people that
22:21
come to the basement, the basement dwellers are smarter
22:24
than the average bear. Hey, there's First Mining.
22:27
Gold, let's all say. Thanks to 1st Mining Gold for
22:29
sponsoring Ron's Basement, Canadian gold developer with two
22:32
multi million ounce development stage projects in Canada.
22:35
You can learn more about them at firstmininggold.com.
22:37
But. That's not what we're talking
22:39
about. You're smarter than the average
22:41
bear. You like to see not just the
22:44
trees, right? You just don't sit in front of
22:46
your TV and watch CNN and say, OK, that's what they told me.
22:50
No, you dig a little deeper. You try to put all the pieces
22:54
together. And I respect you for that.
22:56
And when we talk about this next story about Silver, I'll
23:00
encourage you to do that. Right.
23:02
I know. Thank you, Jay Lizard, for the
23:04
Super chat. And I got another one earlier.
23:07
I'm going to pull him up in a little bit.
23:08
Thank you. Look at him.
23:09
Mr. Lizard, good to see you. OK, there it was.
23:16
Jessica Shipp, Another Jessica. Thank you.
23:18
Wow, you are being super generous today.
23:21
Now, let's go out and take a look at this and let's pull it
23:25
all together. Together.
23:26
OK, And let's let me how many? I'm sorry.
23:32
Susie's talking to me. 200 likes.
23:35
OK, hold on. Let's go back, then we're going
23:37
to go to the story. 200 likes for you my friends.
23:41
You get. Hopefully you can hear that I
23:46
changed the microphone adjustment.
23:48
Now let's go talk about $400.00 silver Silver.
23:50
Is the new oil? Think about oil.
23:53
Oil is everything. OK, those of you who are new
23:58
probably haven't heard this speech, and I'll make it very
24:00
quick. But oil is the lifeblood of the
24:03
world economy. Oil is everywhere.
24:06
Oil is gasoline. No doubt about it.
24:09
Diesel fuel, right? Moving all the freight, the
24:11
trains, the construction equipment, no doubt about it.
24:14
But there's hundreds of other things that come from oil.
24:17
Everything around you, right? The screen you're watching on is
24:20
made out of oil. Plastics are made out of oil.
24:23
All plastic is made out of oil. It's every the BI pride, the
24:28
things they make, but it's silver, the new oil, right Oil
24:32
has dominated for 100 years. And what would the silver price
24:36
be? And without further ado, I've
24:38
gone on too long without getting to the meat of this.
24:41
This was yesterday's live stream.
24:42
That's that's not me right now. That was me yesterday.
24:46
I'm now a day older and here was an unbelievable probably.
24:52
One of the best. Comments that I've ever gotten
24:54
on a video and this guy is user whatever LV anonymous think and
24:59
I think think about this. This is crazy orange 100 years
25:04
ago 1924 consider and compare silver and oil OK 100 years ago,
25:10
silver in oil silver was just a monetary metal 100 years ago,
25:14
precious metal in coins and also used in silverware.
25:18
Oil was pretty much worthless 100 years ago OK with no
25:23
industrial applications. Nobody really cared about oil
25:27
100 years ago. Then industry advanced.
25:31
Early cars were in the yellow, were electric, but batteries
25:35
were useless and internal combustion engines then took
25:38
over. Initially they used vegetable
25:41
oil and alcohol, but soon a cheap and plentiful alternative
25:45
was found in oil by products called gasoline and diesel to
25:49
replace these fuels. This is misspelled.
25:51
That's lighting Whiting used whale oil and beeswax candles in
25:57
home heating and cooking used coal.
25:59
I know my mom grew up. They had a coal furnace.
26:01
They have a coal chute in my grandpa's old house.
26:04
But cheap synthetic waxes and paraffin oil soon replaced all
26:09
these. Now is where it gets
26:11
interesting. No plastics were in existence in
26:15
1924. No plastic existed in 1924.
26:19
A new product called Big Light was developed from using
26:22
formaldehyde, but soon oil was used to replace this as well.
26:26
And the use of plastic which came from oil OK, absolutely
26:30
exploded. Additionally, synthetic
26:32
agricultural fertilizers were developed from oil and the value
26:37
of oil was secured for the next 100 years.
26:41
Remember, we're in 2024. We're talking about 1924 when
26:45
all this started. Now in bold.
26:49
Fast forward to 2024. Consider the use of silver
26:54
compared to 100 years ago as just a monetary precious metal
26:59
and used in silverware. OK, silver is now right now
27:04
being used up by the massive demand for industrial silver
27:09
applications in over 300 industrial applications from all
27:14
electronics ever manufactured, including every PC, cell phone,
27:19
flat screen TV, massive military use for missile aircraft, space
27:23
applications, the increasing and massive expansion.
27:27
Massive. You can't capitalize that enough
27:30
of photovoltaic solar. It's unbelievable guys.
27:34
Solar, it is really is unbelievable.
27:37
I wouldn't be saying that to you if I didn't know that this
27:41
demand for silver from solar is crazy.
27:45
OK. Electric vehicles including
27:47
charging devices, wind turbines and high performance motor
27:50
brushes, 5G, right, the new cell technology, high speed rail,
27:56
medical microbial water purification, soldering,
27:59
etcetera, etcetera. It just goes on and on and on.
28:03
And the other thing that I thought of, and I don't know if
28:06
you thought of this, and we're going to come back to this,
28:08
we're going to finish up on this idea because it is absolutely
28:12
unbelievable. Good news for anyone invested in
28:15
silver. But think about this, just on
28:17
the electronic side, everything is becoming more electronic,
28:22
right? If you buy a new doorbell,
28:24
right? It's got all this electronics in
28:26
it for a camera, Ring doorbells, if you buy a new garage door
28:29
opener, if you buy a new refrigerator, if you buy
28:32
everything is becoming light bulbs, smart light bulbs.
28:35
I mean, everything is being permeated by new electronics and
28:40
it's new demand for silver. OK, the comparison.
28:49
So we're comparing. OK, OK, Fast forward, so we're
28:55
comparing oil 100 years ago to silver today.
28:59
Oil was on the cusp of becoming the lifeblood of the world
29:02
economy, the energy source for the world economy, OK, the
29:08
lifeblood of the world economy. We're comparing that to silver
29:13
right now is we're talking in the basement right now.
29:17
What is it? June 10th, 2024.
29:19
Mark this come back in 100 years, right?
29:22
Prove that we were right. The comparisons are
29:25
indisputable. OK, the comparisons to silver
29:29
now to oil 100 years ago are indisputable.
29:32
Yet the same old banks from 100 years ago are still protecting
29:38
and manipulating the price of silver as if it were just a
29:42
monetary precious metal of old in competition with the dollar.
29:48
Right. They're acting like it's
29:49
absolute. It is absolute madness.
29:51
Don't be afraid basement dwellers.
29:53
This is our friend saying this. Stack silver right now as much
29:57
as your family can afford to spend.
29:59
I had never thought of this idea that silver is really the new
30:05
oil, right? The oil, I mean.
30:06
And I think I don't know where this guy got this idea from.
30:11
Maybe if he came up with it, I give him full credit.
30:13
If he wants to come public, join me here in the basement sometime
30:16
to talk about it. He's more than welcome.
30:19
But I haven't heard anyone else talk about silver in that light,
30:23
that it could be the new oil for the next 100 years and talk
30:28
about manipulation, right? We talked about this yesterday.
30:32
They've been manipulating silver.
30:34
I've. Dug into this Wizard of Oz thing
30:36
guys the book the the movie, The Wizard of Oz, the movie that we
30:40
all saw that classic movie is absolutely about the battle
30:46
between the the average Americans and the big, big banks
30:51
OK the there was a book that came out long before the movie
30:55
that was a best seller OK and in that book.
30:58
OK, from what I've, what I've been able to uncover, Dorothy's
31:03
slippers weren't made out of Ruby.
31:05
No, they were made out of silver.
31:07
Remember how she lost her? Because what happened back in
31:10
the late 1800s, and I'm not a historian and I'll give you my
31:13
best reading of this, and it totally still applies to right
31:17
now back in the late 1800s, they, they basically ripped off
31:22
the average Americans by taking silver away from them.
31:25
Silver out of the money because. Because the big banking back
31:30
then, right, all the money powers, this was the late 1800s
31:34
were in Europe and it was gold. It was actually kind of a battle
31:38
between gold and silver that was going on.
31:41
OK, very interesting. And if you think about the
31:44
yellow brick road, follow the yellow brick road, they were
31:48
trying to brainwash Americans at that time to get out of silver
31:53
and to go with gold. And it's and, and again, I may
31:55
be slaughtering parts of this, but that's why Dorothy had
31:59
silver slippers. That's why there was a yellow
32:01
brick road. And remember what happened when
32:03
they got what was that called the Emerald City, when they
32:06
followed the yellow brick road And the man behind the curtain
32:10
was a big fraud, right? OK.
32:13
And it was that whole book was written about this idea.
32:16
So this has been, he talks about 100 years of silver
32:19
manipulation. It's been going on longer than
32:24
that, buttercup. Trust me.
32:26
All right, it's. Ugly out there.
32:27
They don't like silver, right? But they're losing control.
32:31
We know. We know what's going on right
32:34
now. Oh, boy.
32:35
OK, here. You want another style?
32:37
Shocking. Shocking.
32:39
This was to me. This is where we got a lot of.
32:41
Eye openers. You know when you like you hear
32:44
something. Does that ever happen to you
32:47
when you're listening to somebody intelligent talking
32:49
about silver or gold and you're like, you kind of knew this, but
32:53
you hadn't put the pieces together?
32:56
Kind of like this idea that silver could be the new oil,
32:58
right? It's never really put it all all
33:00
together. I mean, silver's in everything.
33:03
All the the electric future, electric generation, solar
33:07
storage, the batteries, electric cars.
33:10
Anyway, I digress. I have another crazy.
33:14
Idea about silver. I'm going to have a little drink
33:16
of water here. So you have a little drink of
33:18
coffee, whatever you need. Thank you guys so much for being
33:20
here. You know what, before I do that,
33:22
I want to say thank you to our other channel sponsor, Fortuna
33:25
Silver Mines. They got a big silver mine in
33:29
Mexico. They got a big silver mine in
33:31
Peru, OK. They also have gold mines in
33:34
Argentina, Burkina Faso, the Ivory Coast.
33:38
And they've got an exciting development gold project in
33:41
called the Ambassud in Senegal. Remember to turn the mic back on
33:58
basement, Brothers. How we doing, huh?
34:00
Huh. Let's all just take a deep
34:02
breath. Let's go take a look.
34:04
Let's get an update before I get into this new, new shocking
34:09
information, new to me, new idea about silver and gold that I
34:13
hadn't really put together, but let's go get an update on the
34:16
silver and gold price. It could be ugly.
34:18
Take your blood pressure medicine like I do, and let's go
34:22
out to Pendeks. This is not up to date.
34:24
I'm going to refresh. Hold on here, make sure we got
34:26
you guys on there. We.
34:28
Do. Come on please 40. $0.05 Woohoo
34:34
Silver trading at $29.70 we'll. Take it.
34:38
We need it after Friday. Friday was a kneecap day, I'm
34:42
telling you what. But remember.
34:44
Guys, we survived, right? We survived, OK?
34:48
This is this is something, this is something we've talked about
34:53
the OK, the, it gets better and better for the silver story.
34:57
And I'm, I'm legitimately excited about this.
35:00
I hope you are too. We just talked about for the
35:03
umpteenth time, silver becoming the new oil.
35:06
That's Iran's basement. That's our one of our new
35:08
catchphrases, silver, the new oil.
35:12
But think about this and everybody's looking at all these
35:14
incredible, all this demand coming for silver and all these
35:20
projections. Have you seen them, right?
35:22
Some people say, oh, half the world's silver will be used by
35:25
solar panels within the next. That's not the shocking.
35:28
Thing that's not the shocking thing because all these
35:31
projections for future deficits and silver and don't worry,
35:35
we're going to talk about what Keith Neumeier, right, the king
35:38
of silver is saying about future supply and mining and silver in
35:42
a second, but everybody's talking about.
35:46
That this is just the demand side, this unbelievable demand
35:50
for silver, OK, great. But you know what?
35:53
Nobody's factoring in to their projections for all these big
35:57
deficits going out five, ten years into the future.
36:00
Everybody's got their projections for investor demand
36:04
to remain flat. So think about this.
36:07
What would it mean? OK, if we get these massive
36:11
future, which I believe we will, right?
36:13
But nobody has a crystal ball, right?
36:16
They say, oh, they're going to find other things to use in
36:18
solar panels besides silver. That's BS.
36:21
And if they even do, that's called thrifting, right?
36:25
That's called cutting corners. If they had something else to
36:28
put in solar panels besides silver, they'd have done that a
36:30
long time ago. None the less, we get this
36:32
massive demand that will make the price of silver go up,
36:37
right? OK.
36:39
But all the projections, all the all the pundits and the people
36:42
that that are that are the. The gurus of the of the, you
36:46
know, the analyst and the strategist at the big fancy
36:49
firms, right? Goldman Sachs and JP Morgan
36:53
Chase, they went to fancy. Schools, let me tell you those.
36:57
People are no more smarter than you.
36:59
I. I I mean that they're no more
37:01
smarter, right? They may have memorized a couple
37:03
fancy words and their parents paid 100 grand a year for them
37:07
to go to some special school, but they're no more smarter than
37:10
you none the less. But they're not those smarty
37:13
pants. Your smarty air pants.
37:16
What they're not factoring in is that if the price goes up, I got
37:22
AI have a little inconvenient truth for those people right.
37:26
When price of silver goes up, investors pile in like no other
37:32
asset in the world. Rick rule said it right.
37:34
People don't buy silver when it's on sale.
37:37
They pile in when it's Oh, I forgot to turn Susie on.
37:41
Oh my gosh, we'll see if we can get Susie turned on.
37:44
Susie, are you there? Susie No, maybe she left me.
37:51
Rick Rule, right? People buy silver when it's
37:55
going up. So if we get, if we get this,
37:58
this demand explosion that goes on, all these estimates say, oh,
38:02
investor demand's just gonna remain.
38:04
No investor, you're gonna get industrial demand and investor
38:08
demand. How do I do this?
38:11
Here we go. Industrial, industrial demand
38:16
going up. And they're saying that investor
38:18
demand's going to remain. No, it's going to go up too.
38:21
It's going to be, man, I got hairy arms.
38:23
It's going to be double whammy wing dingy.
38:27
Hold on, Susie, are you there? Susie, you have one job to have
38:34
your walkie-talkie on. All right, we lost Susie anyway.
38:41
We'll put her right here. She's in time out and we'll put
38:44
her back here. I'm sorry, I'm here now, OK?
38:47
You're fine. We love you.
38:50
You want to say hi to everybody, Susie, and let us know what do
38:53
you think's going to happen to the price of silver if
38:56
industrial demand goes through the roof and investor demand
39:01
goes up as well? Well, I, I think it's gonna go
39:05
skyrocket. It's what I think.
39:07
And thank you everyone for being here.
39:09
And thank you, Metal CEO for the Super chat.
39:14
Thank you, Susie. So we'll start calling her Susie
39:18
Skyrocket Silver, right? OK, that, but that's not it.
39:21
That's not it, OK, Because that's just looking at demand.
39:25
Keith. Newmar was talking.
39:27
He was on liberty and finance the other night.
39:29
I've had him on here in the basement.
39:30
Keith Newmar. The Crown Prince of silver in my
39:34
book, right? He's got a new mint, right?
39:36
The guy is like on your side. OK, Absolutely.
39:41
He mines silver in Mexico. Now he's shipping it up to
39:46
Nevada and and keeping it out of the Comex.
39:50
They're refining it, making finished products, getting it
39:53
directly into the hands of consumers.
39:55
I mean, this guy is Mr. Silver, right?
39:58
He's the guy that coined the phrase a six digit silver,
40:01
right, $100 silver, not 6 digit six.
40:04
I forget what he said, but anyway, $100 silver.
40:08
OK, but he was talking about what we just went through oil.
40:15
I'm sorry, silver as the new oil.
40:17
I didn't mean to point at you. OK, the unbelievable what that
40:21
could mean $400.00 silver. That ain't nothing.
40:23
I should have made that thumbnail $700.00 silver.
40:26
But anyway, I digress. OK, everything going on, all the
40:29
manipulation, skyrocketing demand, this idea that we're
40:34
gonna have flat investor demand in silver, that's wrong, right?
40:38
We're gonna have unbelievable. That doesn't even factor in
40:41
what? Right, guys?
40:42
What? What?
40:42
What are what are we missing? What's the other piece to that
40:45
puzzle? When you have demand.
40:48
Right. The other side of that teeter
40:50
totter is supply, and the supply of silver is going down.
40:54
Keith Newmeyer was talking about the other day.
40:56
He was like, he was kind of mad. I sensed he was like, do you
40:59
know how hard it is to get a mine permitted, right?
41:03
Yeah. How hard it is to find the
41:05
metal? And wait till you hear what CNBC
41:07
just put out about this. It gets better, OK?
41:10
How hard it is to find the metal #1 because mining companies
41:16
don't have any money, right? Because.
41:20
The metals prices were, were, were were tamped down and
41:23
manipulated down for so long. They didn't have nobody's,
41:27
nobody's investing yet in precious metal mining stocks.
41:31
They will, right? Because like Don the Brain says
41:34
at some point, right, Don the brain's ahead of the curve.
41:37
He's around the corner already, buddy.
41:38
He's around the corner. Maybe even from me.
41:41
Don the Brain says people eventually are going to build a
41:44
bridge between the metal and where the medal comes from.
41:48
They're going to be like, Oh yeah.
41:50
It's got to come from somewhere. Now Joe Biden and Binomic team,
41:54
they think that if you need more silver or gold, Don pointed out
41:57
that you can just go get it at Costco.
41:59
No, it has to come from a mine, right?
42:02
And the mine and Keith Newmar was like a little I could I
42:06
sensed he was a little not mad at the interviewer.
42:08
He was just mad about this fact like it's it's so how hard to
42:12
find the metal. But then on top of that, right,
42:15
you gotta, you gotta spend 1520 years getting a permit.
42:19
It's unbelievable. Guys, let's go look at this.
42:21
This'll just show us quickly. All right, this came from First
42:26
Mining Gold's investor presentation.
42:28
Again, I've shown this like 8 times.
42:30
With that, this tells you this is gold.
42:33
This goes back to what 1990? This is each year all the gold
42:38
that was discovered in the world.
42:40
You see that from 1990 through today, it's going down, down,
42:45
down despite the. Fact.
42:48
That more and more money is now being spent than in the past on
42:52
exploration and silver. It's even more, it's even
42:56
crazier. What's going on right now?
42:58
OK, it's really, really crazy. Now we're going to I'm going to
43:04
talk about this one briefly. OK, hold on.
43:07
Make sure we got this impossible going on a type of precious
43:09
metal. Yeah, Mexico.
43:12
All right. Wait, wait, wait, wait.
43:13
Before we move on when it comes to silver and specifically to,
43:17
you got to realize Mexico is where all the world's silver
43:21
comes from. And Mexico silver production is
43:23
down like 28% in the last two years.
43:26
Mexico's making it. They want to outlaw open pit
43:28
mining. Mexico's making it very
43:30
difficult. And that's where most of the
43:32
world's silver, their number one numero Uno for silver
43:37
production, is coming from. It's mind numbing, $30, silver,
43:44
$26. We could be there this week,
43:46
right? But it's absolutely.
43:48
Mind numbing? All right guys, I'm gonna sign
43:50
off for now. Thank you for being here today.
43:54
Oh, we got 300. All right, let's ring the gong.
43:58
Thank you, Susie. This is for you guys.
44:07
Right 300. Gets three rings of the gong.
44:10
The golden gong. Little Ron's basement ritual.
44:16
What the heck, huh? We can have some fun.
44:19
Let's. Talk about Well, let's just I'm
44:20
going to. Cover this in the next live
44:22
stream as well, but I'll give you a sneak peek right now
44:25
because you deserve it. You guys have been good to me
44:27
today. What does it mean if the
44:29
mainstream media is talking about gold?
44:33
They're talking about silver now too, by the way.
44:35
But but when CNBC has a big story about gold, what do you
44:40
think that means, huh? What do you think that means?
44:44
I'm going to show you what that means because here's the
44:47
headline from CNBC. Gold is getting harder to find.
44:54
What does that mean, guys? Silver is getting harder to
44:58
find. That means the supply is
45:01
constrained. When there's less supply and
45:05
more demand, there's only one thing that fixes that price,
45:09
right? Price goes up.
45:10
Yes, We measure our wealth in oz how many ounces of silver you
45:14
have on it, right? But.
45:16
But in the interim, we'll be happy with a higher price for
45:20
silver and gold harder to find as miners struggle to excavate
45:25
more. The World Gold Council says OK
45:28
the gold mining industry is struggling to sustain production
45:32
growth. Wait till you hear these numbers
45:34
as deposits of the yellow metal are becoming harder to find,
45:37
said the World Gold Council highlighted in yellow.
45:40
According to data from the international trade association,
45:44
mine production inched up last year by .5% compared to a year
45:50
ago. And when we look at silver, we
45:53
know that it actually inched downward or took a little step
45:57
downward. Guys, it is these metals, the
46:00
easy, the low hanging fruit, the easy metals are gone right?
46:05
The easy silver to harvest gone. Bye, bye.
46:08
The easy gold to harvest gone, OK, It's getting harder to find
46:16
gold. OK, Like we just said, permit it
46:19
like we just talked about, finance it, yes, and operate it.
46:24
So the World Gold Council's general, it's all of those,
46:26
right? Geopolitical issues, the
46:29
financing side. Nobody wants to put money into
46:32
silver and gold. Not yet.
46:33
That's going to. Change, OK, like Don the brain
46:36
said when the when the Dum Dums out there, not you, not you,
46:40
because it's it is an absolute fact, right?
46:43
The people that are here in the basement are definitely smarter
46:47
than the average bear. When they wake up, when they
46:49
realize what's going on, OK, then they'll be more money
46:53
coming in. We're going to cover more of
46:54
that article later. I wanted to give you a sneak
46:56
peek. Hey, I appreciate each and every
46:59
one of you being here today, right in each and every day.
47:03
It's choppy waters in the precious metal sector.
47:06
We know that. But we can hang together, OK,
47:09
and we can enjoy the journey. We can ride the waves.
47:12
And it's going to be a good happy ending, I believe, for
47:16
those of us that invest in precious metals and the precious
47:20
metal mining stocks. So thank you for being here.
47:24
Have a great day. Be nice to you, right?
47:27
I'm talking to you. There's one you out there,
47:29
right? There's one me, but there's one
47:31
me for you and that's you. And that's why they called this
47:33
YouTube. Be good to yourself, OK?
47:36
It'll help you. You'll be you'll be nicer to
47:38
other people as well. Have a great day and I will see.