Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / *SHOCKING* - 400M oz Silver GONE!!... $22.50 Silver "Price is Right"?

Transcript

*SHOCKING* - 400M oz Silver GONE!!... $22.50 Silver "Price is Right"? · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
Silver investors have just one question for our friend Coin
0:04
Shop Chris. When will silver reach $500 per
0:09
oz? How about $50 per oz Coin Shop
0:13
Chris? Welcome to Ron's Basement.
0:22
It's always good to be back in the basement.
0:24
You know, I I really love coming on this show and if everybody
0:27
can please like, share and subscribe, I really appreciate
0:31
that. Let's help the Red shirt Ronnie
0:32
out. Wow, wait a minute.
0:36
You're avoiding the question, Chris.
0:38
When will we hit $500 silver? When will we hit $50 silver?
0:43
What are you seeing at the coin shop?
0:45
Are people lined up out the door to buy silver and gold lately?
0:50
Absolutely not going. And you know what?
0:52
Nobody can answer that question. When is this going to happen?
0:55
Nobody can. I mean, so I mean I can make
0:58
predictions. You can make predictions, but
1:00
gold sales, you know, let's talk about gold for you know, gold's
1:04
been next to none, Ron. I mean we probably sold the last
1:07
week, 3 oz and all and it's just been trickling with silver.
1:11
You know it's this dead. The the overall sentiment out
1:15
there is, is dead. Or do you think maybe, do you
1:18
think maybe that has to do with the fact that the central banks
1:21
around the world are buying it all?
1:24
Yes, those central banks, Chris, that are the most sophisticated,
1:28
the biggest insiders when it comes to the the monetary and
1:32
fiscal systems of the world. No, I don't have anything to do
1:36
with that. I think it's due to high
1:38
inflation. People are fed up with it, Ron,
1:42
to be honest with you, and they're not thinking what's
1:45
going to happen down the road. And I think when people start in
1:49
the States here on when people start getting their tax refunds,
1:52
I think we're going to see a push up to what levels?
1:56
Don't know Ron, but I am, you know, I'm still getting it now
1:59
I'm converting now Ron, the prices are low.
2:03
You know we have said this week after week I don't see silver
2:06
going down to $14.00. I think, you know I've said this
2:09
before, Ron. I don't think we'll see below
2:12
22. We have not really seen 2199 to
2:15
be exact wrong. You know, I think we're at the
2:20
flat. I think we're at the bottom now.
2:22
We might dip a little bit more, but I don't think we're going to
2:24
fall much more below 22. I don't think people are buying
2:28
gold because it's too expensive relative to silver.
2:32
I do think, I do know the central banks are buying a lot
2:35
of gold, but I think everyday, average people, when they get
2:39
that, that, that option in front of them, do I buy 90 ounces of
2:43
silver or do I buy one ounce of gold?
2:45
I think people are using their brains and realizing that right
2:49
now, and I love gold, but that silver is a much, much better
2:53
value. Now, you talked about how you
2:56
don't think silver's gonna go below $22.00 an ounce.
2:59
And you know, I looked at the chart of silver last night, the
3:02
one year chart, it's very interesting.
3:04
Over about the last nine months, we have had silver like 9 times
3:11
bounce off of the 2250 range. I think there was one point
3:15
maybe last October, I don't know, but where it went below
3:18
2250. But it's like Silver has been
3:21
bouncing between 2250 and $25 for almost pretty much a whole
3:27
year. And it's it's and you're going
3:30
to have to imagine this number, use this analogy, Ron.
3:33
You know it's been like, like you say, Ron, been about 2250.
3:37
If the friction is building up, at what point are we going to
3:41
spike? And it's going to be like an
3:44
earthquake and it's going to, it's going to pop out of nowhere
3:48
and we're going to wake up one day, Ron, and we'll see Silver
3:52
jump two or three dollars in the day.
3:54
Is it going to be like one of those jack-in-the-box things
3:56
that my dad used to torment me with when I was a kid?
3:59
Where you like, turn the hand, huh?
4:00
It'll. Be exactly like that, yes.
4:04
I think I have one of those around here somewhere.
4:07
Do you think it's like a beach ball being held underwater,
4:10
Chris? Apps.
4:11
I mean, you can use any analogy you want.
4:13
Yes, I mean. Chris, you said it was like a
4:16
volcano. You said it was going to be like
4:18
a volcano erupting. When that volcano erupts, will
4:22
you please answer my question? Will we get to $50 silver?
4:25
Will we get to maybe $500 silver?
4:29
50 Well, let's let's talk about $50 silver one before we get to
4:32
500. You know, we all, most of us can
4:35
remember. Maybe I can't remember because I
4:37
was born in 1981. You know, we hit $50 silver, so
4:43
we took inflation from $50.00 to today.
4:48
We would have, you know, whatever cost $50 back in 1980
4:52
would cost $184.99. This is from 2003's numbers
4:57
because the 2024 not out yet. You mean 2023?
5:02
Yes. And 2011, Ron, we got very close
5:06
to $50.00 an ounce. So you take that $50.00 that was
5:11
back back then we would have you know, $50 back then.
5:15
Today would be $67.73. So hold on, let me get this
5:19
straight. And $1980 When silver did indeed
5:23
pop up out of the water like a beach ball or exploded like a
5:26
volcano. Whatever analogy coin shop Chris
5:30
cares to use at the given moment.
5:32
But when silver did hit $50.00 in 1980 dollars, that's the
5:35
equivalent of $186 today A. 100 and 8499 one 100 and say 185
5:42
bucks, yes. Wow.
5:43
And in 2011, $50 silver. Did you say 67?
5:48
Or did it get that one wrong too?
5:50
6773. Wow.
5:53
Wow. So put that in perspective,
5:56
people. I mean, you know, we should be
5:59
somewhere between 6770, three, 184.
6:04
I will even go even up higher. I believe silver today should be
6:08
about 265 + 500 dollar. Silver is possible.
6:14
People just know we're going to get some polls in the comments
6:17
wrong. That's fine saying we have
6:19
silver pumpers and what in this whatnot, but when the day, when
6:23
the day comes wrong, people are going to be sitting back and say
6:25
what the heck happened? Why didn't we listen?
6:28
Why didn't we listen to Ron? Why didn't we listen to Coin
6:30
Shop, Chris, Andy, Lynette, Zane all saying basically the same
6:35
thing? Rick Rule, Keith Newmayer Coin
6:40
Shop Chris. Keith Newmay's been pushing, you
6:43
know, been the heart of triple digits silver.
6:49
Yeah. Yeah.
6:50
So think about this, Chris. Think about this for a second.
6:53
Think about this, OK. Over the last three years,
6:56
there's been 400 million ounces of silver that have been drained
7:01
from the Comex and LBMA inventories, 400 million oz,
7:07
right. So that's what's been supplying
7:10
this deficit in the silver market that can only last for so
7:15
long. I read something super
7:17
interesting this morning that we don't really talk enough about,
7:21
but we know there's about 30 million ounces of silver in the
7:24
Comex registered inventory. From what I understand and
7:28
according to this article that I was reading, they put it in
7:31
perspective. They said that means that like
7:33
the entire Comex inventory could be cleared out for about 650
7:38
million U.S. dollars. I mean that's not a lot of
7:41
money. I mean it is done US, but in
7:44
terms of markets, in terms of a commodity that is so critical,
7:49
that's not that much money. No, I mean the United States
7:53
spends more money on wars on. So I mean, you know, why isn't
7:58
our government buying this up? Why is Russia buying it up?
8:01
Why is China buying it up? Why is India buying it up?
8:05
Why are the central banks buying it up?
8:08
You know, not not the people that don't watch your channel.
8:12
The people that don't watch your channel on are clueless.
8:16
What's really going on out there.
8:17
It can be. It can change overnight and
8:20
people are going to be walking out there like a bunch of
8:22
zombies and saying what the heck happened.
8:25
I mean that's all I can say. I mean it's they're going to be
8:27
fighting over the last few things in their grocery store,
8:30
Ron. And you know and not you know
8:33
because everything's gone to the roof.
8:36
You know, can a corn at all these has gone up from $0.50 to
8:40
$0.63 in the past year on what's it going to be like this in two
8:44
years or is that can of corn from 63 is going to go to one
8:47
19129 and I've heard you. I've heard, I've heard you many
8:52
times say that when it happens, when everybody's walking around
8:55
like zombies, people are knocking on your door trying to
8:57
trade their Barbie dolls for silver and stuff like that, that
9:01
you're just going to have a case of beans on the front porch and
9:05
say here, take a can of beans, right?
9:07
And the 12th, and they're going to be Bush's Baked Beans run.
9:09
I'm going to add 12 cans of beans, 12 plastic spoons and 12
9:13
balls of water and I'm going to tie a can, open it to the porch.
9:18
And so people don't steal the can, the can opening, it's not
9:21
tied down. People will steal it.
9:24
And the first of all, people come knocking on my door will
9:26
be, you know, have at least a can of beans.
9:29
You're ready for some good news, Chris, some good silver.
9:33
So let's see. Here's some good silver news.
9:35
I think we need to take stock in the fact that the last two weeks
9:39
were horrible for the precious metals.
9:42
The news that we got was the worst case scenario.
9:45
Two weeks ago when we were recording this video, if you had
9:49
told us that that we were going to get these incredible GDP
9:53
numbers, we're going to get these incredible supposed job
9:56
numbers that we were going to have the Fed meeting where where
10:00
the main result was going to be kind of a hawkish built.
10:04
We would have thought that Gold would have been in the 1900s for
10:07
sure and that Silver could be pushing up against $20 per oz.
10:11
But it's not. Chris, Gold and Silver have held
10:15
strong. But wait, there's even more good
10:17
news. But do you want to comment on
10:19
that? Well, you you know what?
10:22
I'm not, you know, Yeah, the Fed is a joke.
10:25
It's a clown show, you know, job loss, you know, you know we we
10:30
can we have gone to the list, Ron.
10:32
I just think Cisco, you know, if people don't know what Cisco is,
10:36
it's a, you know, normally the the restaurants order from them
10:40
and that's how they get their food.
10:42
They're laying off on that just got announced.
10:45
Is it Cisco the food company or Cisco the technology company?
10:50
Maybe it was the technology company.
10:52
I don't. Know.
10:52
Yeah. So folks, do your own research
10:54
on that one 'cause I thought it was the tech company, but I
10:57
could be wrong. Quench up, Chris has proven me
11:00
wrong on many circumstances. Well, I might be wrong too, but
11:03
you, you know, like when I saw Cisco, that's what I thought of.
11:07
I didn't read the article. I'll be honest, I didn't read
11:09
the article. I just saw the headline.
11:11
So I mean, you get, you're getting, all these jobs are
11:14
getting lost and they just sweep it underneath the rug like
11:17
there's no big deal. How about this?
11:19
Probably Cisco, the food company I would imagine, because who can
11:23
afford to go out to eat anymore is probably laying off people.
11:27
And very most likely Cisco, the tech company, is laying off
11:31
people as well. You wanted some bad news.
11:33
And then we do have another piece of good news for Silver,
11:35
but you want another piece of bad news.
11:37
I was listening to this guy Mike Pento who is I think one of the
11:40
smartest analyst out there last night.
11:43
And on these jobs numbers and I've heard several other people
11:46
say this, the supposed all these jobs we created actual the
11:50
actual number when you take out seasonal adjustments and all the
11:54
other you know smoke and mirrors they throw into those job
11:58
numbers that actually I think he said like we lost like 2.5
12:02
million jobs in January because of all the holiday hiring when
12:06
they lay people show off that the real number was a massive
12:10
job loss in January. Yeah, and don't forget about
12:15
your your kids going to school there and they're asking you,
12:20
you know, to write. You know, if you have a job and
12:22
you get paid for it, they're counting as a job too.
12:24
Ron, I can bet your bottom dollar they count as a job
12:27
because you pay your dollars $5 each to feed the cats.
12:30
Yeah, if you if you if you pay your kids an allowance, you get
12:34
that gets counted for a job. How about some more good news,
12:37
Chris? Here's some good news.
12:38
CNBC, I know we both love CNBC. They had a big article this week
12:43
about precious metals, but they specifically were focused in on
12:47
silver and reporting about this massive silver deficit that
12:52
we've been living through for what, three or four years now.
12:54
But they went on to say that the Silver Institute is predicting
12:59
$30 per oz silver this year. And Randy Smallwood, the CEO of
13:04
Wheaton Precious Metals, He brought up the fact that he
13:07
could see $50 silver. It's possible, Ron.
13:12
I mean it could even go higher than 50.
13:15
You know, we've heard these numbers from these big banks the
13:17
last two or three years. Chase come out with this number.
13:20
Bank of America didn't come out with this number and it's not
13:23
happening yet. They're just suppressing the
13:26
price and we know what's going on Ryan, especially with Silver
13:30
and I think it's done with go to but not as the high volume as
13:34
silver right this right now it stinks on it just it's terrible
13:39
what's going on. Well, there's a volcano that's
13:41
going to erupt. You predicted earlier and that's
13:43
going to be 50, but I think more like $500 silver.
13:47
Remember that song? You were born in 1980, You said
13:50
earlier, Chris. Remember that song?
13:52
Walk Like an Egyptian. No.
13:56
Remember walk like in Egyptian Doo Doo Doo you don't remember
13:59
that song I. Don't.
14:01
No, I don't. Well, I guess you Can't Sing it
14:05
with me, but in Egypt, there's a little bit of a fury going on
14:09
with silver right now. I don't know if you've heard
14:11
about this, but, you know, Egypt has had massive inflation,
14:16
right? Fiscal mismanagement, monetary
14:18
mismanagement, right. They have a debt clock just like
14:22
the United States has that debt clock that we can all go and see
14:25
how much debt we've racked up. And eventually those factors
14:29
come home to roost. And they came home to roost in
14:32
Egypt and they've been having like 30% inflation.
14:36
And people are trying to protect their wealth, right?
14:39
So what are they doing? They're buying precious metals,
14:41
but what are they doing? They can't afford gold.
14:45
So now there's been a big wave of buying in Egypt of silver.
14:51
One of the biggest Egyptian precious metals dealers
14:55
basically said that silver is the new gold.
14:59
Do you think we'll see that here in the United States of America?
15:03
Once, once it's on the more mainstream, Yes, Ron, there'd be
15:08
a rush to the online deals like our sponsor pin backs, everybody
15:14
else, your local coin shops, it'll be the, it'd be just like
15:18
last March, Ron, where there was the coin shops online bowling
15:22
dealers had what, 5-6 weeks waiting period to get your
15:25
stuff. Yeah.
15:27
I mean then they raise the PIN orders, they are raising in the
15:31
orders. Yeah, sorry.
15:34
Well, we could be walking. We could be walking like
15:37
Egyptians here in the United States because we are subject to
15:40
the same laws of mathematics. Absolutely.
15:44
And when it when it all comes crashing down, Ron, like I I
15:47
will repeat this again. We'll be walking people be in
15:50
this country walk around. What happened and what do I do
15:55
next? Yeah.
15:56
Now we have people in certain States and they're mostly
16:00
Democrat states. I'm not going to go Republican,
16:02
Democrat on the channel on, but you know, there's a lot of
16:05
people that are sleeping on the sides of the highways and campus
16:11
and our country does nothing about it.
16:14
Yeah, that's that's how that we had that great Q4 GDP number.
16:18
A big portion of that was a surge in recreational vehicle
16:21
sales. And we we joked around that,
16:24
well, that's because nobody can buy houses anymore.
16:28
I heard an interesting stat about housing that right now it
16:33
takes 5.5 times the average American income to be able to
16:38
buy a house and that's like a record high level.
16:41
So what people are doing is buying RV's.
16:43
And then one of our crafty viewers posed the question to me
16:48
like, which is higher on the socio economic scale if you live
16:52
in your mom's basement or if you live in an RV.
16:54
And we came to the conclusion that the highest levels if you
16:57
live in an RV but you park it in your parents driveway.
17:01
That's true. I mean, you know, and it's I've
17:04
seen four or five pictures from different states, Ron and you
17:09
know and it's just sad to see this happening our own, you
17:13
know, we're the richest country on earth supposedly and we're
17:18
spending money like there's no, there's no tomorrow, Ron.
17:21
And what's going to happen next? I mean, we're we're pushing $35
17:24
trillion in debt, as you know Ron.
17:26
And as most of your viewers know at what the breaking point I you
17:31
don't know. I don't know, Ron.
17:33
And I don't think the politicians even know, or the
17:35
politicians don't even give a care.
17:38
Yeah, yeah, I know one thing for sure, if I'm going down the
17:40
highway and I get behind an RV and it's leaning really bad to
17:44
one side, I'm going to know that's yours.
17:47
It might be mine, Ron. Because that's where you got all
17:50
your silver stacked up on one side of the RV.
17:53
Exactly. Not your Barbie collection.
17:56
I'm not allowed to talk about Barbie anymore.
17:59
Let's talk about, well, you know what, Let's let's say thank you
18:02
to our channel sponsors, our mining company sponsors.
18:05
We have Fortuna Silver. They're a silver producer.
18:09
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18:15
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18:17
They have two 5 million oz projects in Canada.
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You can check them out at firstmininggold.com.
18:24
And of course Pinbecs, our online bullion dealer.
18:28
And you did some comparison shopping this week, didn't you,
18:30
Chris? I always do this for you and for
18:34
your viewers. Ron, you know I love doing this.
18:37
This is the best part I like, you know, because pin backs
18:39
always knocks it out of the park.
18:41
This week we going to compare 2024 Australian Philharmonic
18:47
role of 20. Now this is ACH price so I'm
18:51
comparing apples to apples. Role of 20th at Max was $576.40
18:58
on JM. Bowen was 56780, BGASC was
19:06
54980. I checked out SD bowling, they
19:11
were not available money metals did not have the 2020 fours as
19:17
of yet. They were doing them as random
19:19
years. They were 53360.
19:22
So that's really not comparing apples to apples, but I had to
19:25
throw them in the mix this week and pin backs came in for a roll
19:30
on 5/22/20. So we take the highest price at
19:36
AT Max that is $54.20 savings. 10 backs comes to be 2611 a coin
19:44
you can get two free coins from from pin backs comparing to AT
19:49
Max price. Pin backs is giving you two
19:52
additional coins for the same price at AT Max.
19:55
Why would you drop anywhere else?
19:58
I don't know. More metal for your money,
20:02
right? I think Pembex is best.
20:04
I think you will too. I seriously, when you're looking
20:07
for bullion online, shop around, OK?
20:10
Discover it for yourself like I did, and I think what you'll
20:14
find is that you're gonna get the same exact metal you're
20:18
gonna get. Great customer service, a
20:20
company you can trust, and a little kicker like Coin Shop,
20:24
Chris just said. If you buy like A roll of
20:27
Austrian Philharmonicas. You can save so much money over
20:32
some of the big name brand online bullion dealers that you
20:36
can get yourself two additional coins.
20:38
So why not? Who doesn't want 2 coins right
20:40
here? Here's two, here's 2 Peace
20:43
dollars, right? You can get that something like
20:46
that, right, Chris? Absolutely.
20:48
I mean, I mean I I just have a hard time.
20:51
You know when I'm. I'm doing this every single
20:53
week, right. I just shake my head like how
20:54
can AT Max sell it for this place How can JM And there
20:57
always seem to be the the two is highest.
21:00
I love everybody and no I'm and they're not bashing on but their
21:04
prices are ridiculous. I'm sorry.
21:08
Well, some. People are just, you know, I
21:10
guess, creatures of habit. I don't know, you know, And
21:13
it's, it's up there. I mean, I I knew nothing about
21:16
Pembecks until probably a year ago.
21:18
Off to go look back. And I got a couple emails from a
21:22
number of the viewers saying you need to check out this company,
21:25
Pembecks. I'm like, OK, so I did and I
21:28
looked at the prices and I thought, wow, that's, you know,
21:32
those are great prices. And I placed an order and I've
21:36
been doing it ever since because I like to get more money, more
21:39
metal for my money. Less money, more metal, more
21:43
metal, less money. And this week you get two more
21:46
oz for the same price. I mean, I mean and you still
21:49
have a little bit of change luck over on top of it, Ron.
21:53
Yeah, it's. Gonna get some Chinese takeout.
21:55
What about the month? What about the 30 day numbers,
21:57
Chris? 30 day.
21:59
Numbers Ron Silver was down over the last 30 days $0.50 are down.
22:04
2.15% Goal was actually up the last 30 days were on up $5.70 or
22:11
up 0.28% platinum. I don't know what's going on
22:15
with platinum. Platinum's down $65.30 or down
22:20
6.92% oil. Ron, like I've said, you know,
22:24
we have said this many of times. We're still in the plus the last
22:28
30 days we're at $4.60 a barrel or up 6.37%.
22:33
But everything is OK in this country, right Ron?
22:38
Silver to gold ratio down a tick long.
22:41
Last week was 90.26, this week is 90.24.
22:47
So we're still we're Hwy. 9090 to one ratio.
22:50
I don't know you. Know these ratios?
22:52
It's just absolutely crazy right now.
22:55
The silver to gold ratio, 90 to 190 ounces of silver to get one
23:00
ounce of gold. The the precious metal mining
23:03
stocks, I mean just the disconnect between the metals
23:08
price especially gold and the value of like the gold mining
23:12
companies. I mean it's it's if you look at
23:15
the Huey to gold index and that's the the Huey is the gold
23:20
bugs that measures the value of the gold mining companies versus
23:24
the gold, the price of gold. It's at like an all time low.
23:28
I think it's like .1. It's only touched that one.
23:31
I mean everywhere we look there's weird disconnects.
23:34
You know we got the S&P 500 that's above 5000 setting all
23:39
time records, right. But only a couple stocks really
23:43
are making up for that the bond market.
23:45
I mean it's just it's it's an interesting scenario in which we
23:48
live in the bank term funding program.
23:51
It's a Ponzi scheme, The stock market.
23:53
It's a Ponzi scheme, yeah. In.
23:55
A lot of ways, yes. I won't say, I won't say
23:58
completely, but I'll say at this point, 60 to 70%, yeah, you're
24:03
just relying on somebody else to put money in there in the future
24:07
for you to get, you know, to get your money back because the
24:11
underlying go ahead. I'm sorry.
24:13
Ron, I mean there's one more point I want to make, Ron.
24:16
You know, even if we gain the mining stocks on or we gain
24:19
physical silver and gold and the price drops, Ron, remember we
24:24
have not lost a gosh darn thing until we actually sell it.
24:29
Yeah. So.
24:29
If you have mining stocks, you have Fisher Gold in your
24:33
possession or an off site location and you're holding on
24:38
to it and you're not trading it yet or you're not hit that sub
24:42
button on that stock, you haven't lost a penny until you
24:46
actually make that transaction, yeah.
24:49
Yeah, yeah. And I and I, I my mining stocks,
24:52
like everyone's have been just, you know, and I have way too
24:54
much money in the mining stocks have been absolutely decimated.
24:59
But when you look at what you get, like the value that you get
25:05
for the amount of money that you have in a precious metals mining
25:08
stock right now, it's absolutely crazy.
25:10
I mean, if you look at Fortuna and you look at like for each
25:13
dollar you put in, you're getting like more than a dollar
25:18
worth of assets and those assets are making profit in free cash
25:23
flow, same thing. You know, first mining gold,
25:26
they've got 13 million ounces of gold in the ground in Canada.
25:31
So when you buy or you put a dollar or $10, whatever into
25:35
that company, you're basically buying gold in the ground for, I
25:38
don't know, 7675, maybe even $5 per oz.
25:42
It's, I mean, really ridiculous. And there's others, there's
25:46
silver development companies, Summa Silver Dolly Vard and
25:50
Silver, Silver Elephant, Silver Mountain, right.
25:55
I think we both own some of that that where when you factor what
25:59
you're getting for each dollar that you put in, I mean a lot of
26:02
times the silver in the ground. I think with Silver Elephant, I
26:05
calculated that there the value of the silver in the ground is
26:09
valued at like 6 or $0.07 per oz.
26:11
I mean it's just absolutely ridiculous.
26:14
But almost all of them, it's valued at under a dollar per oz.
26:18
Now Grant, granted it's in the ground, right?
26:20
It's not stacked up in your house, but to me, if I'm going
26:24
to own a stock, I like the fact that you know that the silver or
26:28
the gold is in the world's safest vault.
26:31
It's buried deep within the Earth.
26:34
And everybody's got to make their own decision from the
26:36
South and what stop to get Ron, you know I, I I the only one I
26:41
do, I don't own any Fortuna right now.
26:44
I do own some first mining, I own some Silver mountain.
26:49
You know I like some of the other companies you mentioned.
26:51
I had your CE OS, the CE OS on other companies, Ron.
26:56
Like, you know every if people are gonna get into this mining
26:59
stacker of the stocks, do your own diligence.
27:02
Research. Watch Ron's basement for the CEO
27:06
interviews, Watch other people's shows.
27:08
Investigate the company yourself.
27:10
Yeah, yeah, make. Your own.
27:12
I'm not giving financial advice. I'll tell you what I do.
27:16
In any company that I talk about, I own shares, I eat my
27:20
own cooking, right? I'm like a restaurant owner,
27:23
right? Like I'm I'm, I'm going to serve
27:25
it to people. I'm going to be eating it myself
27:27
and trust me, I'm eating a lot of cooking.
27:30
When it comes to Fortuna and 1st Mining and some of those other
27:33
companies that I that I mentioned as well, I've got an
27:36
interview coming out Sunday with Max Porterfield.
27:41
He's the CEO of a company called Calinex.
27:44
They're more of a copper company, but they fit into that
27:48
type of that that explorer developer category and they're
27:54
but they have copper and it's up in, it's an interesting town in
27:58
Canada called Flynn Flan, which used was built as a mining town
28:03
and now all the mines are gone, but they're finding big very
28:08
high grade copper deposits right outside this town of Flynn Flan.
28:14
And it's a real interesting story.
28:16
You know, copper is I think a lot of us precious metals
28:19
investors kind of keep an eye on copper.
28:22
You know, we're mostly focused on silver, gold and platinum,
28:25
but we all know the story behind copper when it comes to the
28:29
electrification of the planet. Absolutely.
28:33
Thanks, Chris. Ride, Ron, thank you to
28:36
everybody out there. We appreciate you notice.
28:39
Do you? By the way, Chris, do you notice
28:40
anything different down here in the basement?
28:43
Anything missing? Yeah.
28:45
There's no toilet seats, Ron. You asked, I told you for the.
28:52
Viewers Yeah, by before we forget.
28:55
Thank you. I forgot.
28:57
Thank you to you for joining us today.
29:00
Like you know, you are the most important part of this video,
29:03
the viewer. So thank you.
29:04
We hope we gave you some entertainment and a little bit
29:07
of education and information as well.
29:09
So thank you for being here. And just so you know, last night
29:13
coin shop, Chris called me and said you need to get rid of the
29:15
toilet seats in the background. I used to have a couple toilet
29:18
seats hanging up back there in the background.
29:21
So they're they're now gone. Have a great week Chris.
29:23
We'll see you next time. See you next.
29:25
Week, Ron. Bye, Bye.