Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 Warren Buffett WARNS: YOU Best LISTEN to This - Silver & Gold price news update

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🚨 Warren Buffett WARNS: YOU Best LISTEN to This - Silver & Gold price news update · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
You know, the silver price can absolutely continue upward,
0:04
upward, 80 dollars, $90.00. We're going to talk about all
0:08
the reasons why. Great examples in this video.
0:11
We got a big warning from Warren Buffett that I believe directly
0:16
applies to the fact that the silver price can go much, much
0:20
higher. But wait, there's more, right?
0:22
This is a special Saturday night version of Ron's basement.
0:26
By the way, thank you for joining me.
0:28
Seriously, you are the most important part of this.
0:32
Not for you. I'd be down here in the
0:34
basement, this cold, dark basement all by myself.
0:37
So thank you for joining me. Please remember, subscribe, give
0:40
the video a thumbs up, leave a comment, all that great stuff.
0:43
But we've got another billionaire, that guy Bateman.
0:46
More news out of him. He's a massive wait till you
0:50
hear about this. He's a massive silver hoarder.
0:53
And what else, right? We got the Trump effect to talk
0:56
about. More wind in your sails and my
1:00
sails when it comes to precious metals technical analysis.
1:04
And we're going to do a check on backwardation, one of our
1:07
favorite subjects. We love to talk about
1:10
backwardation, but let's get started with $80 silver.
1:14
And this is a bonus. Didn't even tell you about this
1:16
one. Our friend Rashad is at it
1:18
again, and he's talking about 75 to $85 silver.
1:23
Let's pull this up and see why he is indicating that could very
1:27
well be the case. This comes from the X platform.
1:31
He says looks like silver is about to enter a parabolic
1:36
stage. And run to my $75 to $80 target
1:42
in the matter of two to three weeks.
1:44
Oh, we love you, Rashad. Following which he does expect
1:48
two to three month pause. OK, so he's not saying it's just
1:51
going to go up and up and up and consolidation.
1:55
I do not believe Silver is going to test my $96 target at the
2:01
present cycle. OK, so let's take a look here
2:05
what he's talking about, and boy, you love the looks of this
2:09
chart. As you can see here, guys, we
2:11
had this what he's talking about consolidation phase.
2:15
OK, we broke out. We did pull back a little bit.
2:18
He actually drew that on the chart, but he's saying that we
2:22
could head up here to the 75 to $85 range in the next couple
2:27
weeks. OK, we know now next.
2:30
Oh, I didn't, I didn't warn you about this.
2:33
We've got the, the Silver festival article from Kitco that
2:38
we're going to look at now. I'm just going to dive right
2:40
into it. This has about, oh, maybe 18
2:44
examples why you can be super excited about the future of the
2:48
silver price. And hey, we love gold.
2:50
We're going to talk about gold. Oh, a technical analysis pattern
2:57
that I've never heard of, but it makes sense.
2:59
And that's about gold. So we will get to gold, I
3:01
promise you later in this video. We love gold.
3:04
But this is from Ernest Hoffman from Kitco.
3:08
Silver supply remains dislocated and prices should go higher
3:12
before they retreat. That's from the CI.
3:15
The CIO of Sprott, her name is. Well, we'll get Maria.
3:20
Maria Smear Mavo. OK, we got a lot to cover in
3:23
this article, but I've got it all highlighted in a rainbow of
3:27
different colors for you in green.
3:29
The supply problems. That have plagued the silver
3:32
market in 2025 remain unresolved and surging investment demand
3:39
has only exacerbated physical shortages where they're most
3:44
needed. That's according to Maria.
3:46
All right, Again, I'm trying to get you the highlights here in
3:48
blue. When we talk about the Stock
3:51
Exchange inventories, we talk primarily about London's LBMA,
3:56
the London Bullion Market Association, the COMEX, or some
3:59
people call it the Crimex in New York and Shanghai, the Shanghai
4:04
Gold Exchange, OK, Those are the three biggies, the LBMA, the
4:07
COMEX and the SGE. She said those inventories as of
4:13
a few years back started declining, specifically in
4:17
London, for example, this year. What's what happened is some of
4:21
the metal was shipped from London to New York because of
4:24
fear of tariffs. At the same time as ETF's have
4:28
grown, they have reduced the available silver in London as
4:32
well. So there's been a bit of a, did
4:36
she say squeeze in London? But the key thing here, guys,
4:41
we're going to come back to this and we've talked about this is
4:43
such a critical thing for us as silver investors to remember.
4:47
I heard Keith Neumeyer from First Majestic Silver say it.
4:50
I heard Phillips Baker, the former CEO of Hecla Mining, say
4:55
it, right. This is a physical driven rally
4:58
that we've had in the last year to 18 months in the silver
5:01
price. It's not been a squeeze.
5:04
It's been a slow motion squeeze. We can.
5:07
I heard Vince Lancey call it a semi squeeze and what I've
5:11
called it, it's been a squeeze, a long drawn out squeeze, not a
5:19
spike. Because when things spike, you
5:23
know what happens, What goes straight up usually corrects and
5:27
comes straight back down. No, instead we've had a nice, I
5:31
could pull up a chart but you'd rather look at my hands.
5:33
We've had a nice steady increase.
5:36
In the silver price. OK, you know what?
5:39
Speaking of silver, I want to say thank you to 1st Mint for
5:41
sponsoring Ron's basement. They're a silver mint in Las
5:45
Vegas, NV. They are owned by First Majestic
5:48
Silver, Keith Newmeyer's company that I referred to just a few
5:51
seconds ago. First Majestic mines the silver
5:55
in Mexico, ships it to Las Vegas, NV to 1st Mint where it's
5:59
transformed into these. Here's a great example, world
6:03
class look at that beauty. Silver bullion products goes
6:08
from the mine to the meant to you.
6:11
Does not go to the Comex or the LBMA like Maria just talked
6:14
about. It's free from the paper.
6:16
Electronic manipulation of the big paper in electronic markets
6:21
goes from the mine to the meant to you.
6:23
This product right here, Folds of Honor is a product line they
6:28
have. They have around a bar and then
6:31
also this 10 oz bar. And it it.
6:35
Benefits The Folds of Honor Foundation The Folds of Honor
6:37
Foundation is very cool, OK. They provide academic
6:41
scholarships to spouses and dependents of fallen members of
6:47
the armed forces, military and 1st responders unit.
6:51
Unit. So let me show you first Mint
6:53
website for two seconds so you know where to go.
6:56
They got a ton of different products that you can check out
6:59
here. It is right here.
7:01
First, mint.com and make sure we got the right screen up.
7:05
Yep, they do have a Cyber Monday sale going on on bars.
7:10
Let's go back to that $1.00 over spot.
7:13
The discount code does not apply to the Cyber Monday sale, but
7:17
does apply to everything else and that is VIP very important
7:20
person RB as in Ron's basement. They've got, as you can see,
7:24
rounds bars here. Go to their store bars, rounds,
7:29
other accessories, and then there's the Folds of Honor.
7:33
Let me make sure I had that right earlier because I know
7:35
they've got the 10 oz bar that I showed you and yeah, they have a
7:40
10 oz American flag, folded flag bar, regular 10 oz bar and a
7:45
folds of on around. So thank you to First Men for
7:48
sponsoring Ron's basement. Now let us go back to the
7:53
article, she said. But again, OK, so she's talking
7:57
about these markets. OK, hold on here.
8:01
Hold on guys, I apologize. Now there we are back on the
8:05
article so you can read along with me.
8:07
These markets are in disarray. You I heard a guy from China
8:11
talking about silver demand in China, the refiners and we're
8:15
going to get into all this today.
8:17
It's crazy what is happening right now in silver.
8:20
And she brings up a good point in orange.
8:22
But again, the backdrop of with the backdrop of deficits,
8:26
there's not much new metal coming in.
8:28
So she's talking about the Comex, the LBMA, the Shanghai
8:32
Gold Exchange, all screwy situations right now, right?
8:36
The physical, the physical demand for metal is is caught
8:39
wreaking havoc on those poor people, mostly at the Comex and
8:43
the LBMA who've played games with the silver price for years
8:47
because, oh, there's these things called the deficits.
8:50
And she also brings up another point, right?
8:52
The silver's a monetary metal in red.
8:56
We forget, right? Silver.
8:58
We talked about all these industrial uses and how China
9:01
needs it and everybody needs it for everything under the sun,
9:04
which, you know, and we talked about ad nauseam.
9:06
But on top of that, silver is a monetary metal.
9:11
What I've heard is that silver was actually used for money
9:14
before gold was. I mean, it's crazy, she says
9:17
again in purple. Oh, this is another one, right?
9:22
Again, silver is a very small market.
9:25
Think about this, guys. If you think about a billion
9:29
ounces of silver, which when you combine what the mining of the
9:34
mining sector produces on an annual basis with the recycling,
9:38
that's about the amount of silver that the world is able to
9:42
produce in a whole year. Only 1 billion ounces.
9:45
It's about $60 billion worth a year at the current high prices.
9:51
That's what we're making. It's nothing that doesn't take a
9:54
lot to move the price of silver. I mean, look, the the market cap
9:59
of, of, of these tech companies as mammoth.
10:04
Compare one tech company, Amazon, whoever you know, 2,
10:08
three, $4 billion compared to the entire silver market.
10:12
The big take away here is it's a tiny market.
10:16
The smallest amount of money relative to most of the other
10:20
quote UN quote big financial assets.
10:22
The smallest amount of money can feel like a flood coming into
10:26
the silver market. OK, on yellow, all right.
10:28
On the ETF side, from January until now, we've had a / 100
10:32
million oz go into the Western ETF.
10:36
That's 1/8 of the world's mining output.
10:38
At least that's what's tracked on on Bloomberg, she said.
10:42
Again, that's a big amount of silver in purple.
10:46
I'll, I'll give you how I think about it, how I think about it.
10:50
A big silver mine is between 10 and 20 million ounces of silver,
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she added. There's not not that many mines
10:58
like that and we've not had new mines like that at all, really.
11:04
OK, so there's no new mines. And in the last 10 years we've
11:08
lost 80 million ounces of supply from mining.
11:12
Since 2016, guys, the amount of silver coming out of the silver
11:17
mining sector has gone down. She's quoting by 80 million
11:21
ounces. That's a handful of big the big
11:24
mines that we need to replace, but they're not OK.
11:28
What's happened in the last several years, and I experienced
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this, a lot of the silver companies.
11:32
Let me look you in the eye. I feel like I'm not connecting
11:35
with you just looking at this darn article.
11:37
I can tell you first hand a lot of the big silver companies
11:41
switch to gold mining. OK, Now they may be regretting
11:45
that. I won't comment on that any
11:47
further, but a lot of the big I could give you names.
11:51
They switched from being silver miners 3456 years ago to
11:56
suddenly becoming gold miners, right?
11:58
Because there was no money to be made because of the price
12:02
suppression by the COMEX in the LBMA.
12:05
So what does all that mean? That means that down the road,
12:08
now that we got $60.00 silver in that company, that was XYZ
12:13
silver mining that switched to XYZ gold mining is like darn, I
12:17
wish I could become a silver miner again.
12:19
Well guess what? You can't just become a silver
12:22
miner. It takes five years at the
12:24
earliest, 10 years in most cases, right, to start a new
12:28
silver mine. What that means for you, The big
12:31
take away here is as a silver investor, they can't just flip a
12:35
switch just because silver went to $60.00 an ounce 7080 like our
12:40
friend Rashad's talking about. They can't just flip a switch
12:43
and make more silver. It's very, very exciting.
12:46
And the demand? For silver because of things
12:48
like solar panels and electric car.
12:52
State batteries, anything electronic is going through the
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roof, man. I feel like we could stop now.
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I mean, but we don't want to stop.
12:59
We want to keep. I mean like mic drop.
13:02
I can't drop this mic because it's on the table, but you know
13:05
what I'm saying? It's looking very good.
13:07
Are you feeling good? I hope you are.
13:10
You deserve it. I really appreciate you joining
13:12
me down here in the basement. All right, we're almost done
13:14
with this article. Then we're going to listen to
13:16
Warren Buffett. Big warning.
13:18
Then we're going to talk about more billionaires in green.
13:21
It says the big companies now are trying to buy silver
13:24
deposits and silver mines, but there's a shortage of them.
13:28
Only the visionaries, the people that were true believers, right?
13:32
Like Keith Neumeyer, who's the other guy that from Dolly Varden
13:36
Silver, Sean Koon. Koon, you know, any of these
13:40
guys, Galen McNamara from Silver 47, Like they were, they were,
13:44
they have a head start because they were visionaries.
13:47
OK, OK. But there's a shortage of them.
13:49
There's not many good assets in the silver mining space.
13:54
It will take time to permit these things like she said, to
13:57
finance them and build them. She said, oh, here in my mind,
14:00
it's a 5 to 10 year process and that's it.
14:03
Thank you Ernest Hoffman from Kitco for that.
14:06
Wonderful, wonderful piece of literary work.
14:10
We appreciate it from down here in the basement.
14:12
Me and the basement dwellers say thank you.
14:14
Now we're going to talk about Warren Buffett and what he.
14:17
Look, if we, if you choose to price silver in U.S. dollars,
14:22
you can price silver and oil. We talked about that earlier in
14:25
the week. Right now, like 1 ounce of
14:26
silver, we'll buy you one whole barrel of oil, which has never
14:31
been the case in history. And why I've said for years that
14:34
silver is the new energy metal, right?
14:38
It's replacing oil. Silver is energy, nuclear power,
14:42
solar power, all that. I digress.
14:44
Okay, if we choose to price our silver in U.S. dollars, right,
14:49
the US dollar is going bye bye the US dollar.
14:52
Unfortunately, we don't like it. We love our country.
14:55
If you live in America, all that great stuff, but.
14:57
The reality is, because we could look at the US debt, clock
15:00
everything else, the dollar is in big, big trouble.
15:02
Let's listen to what Warren Buffett, the warning.
15:05
This is Warren Buffett, right? Mr. America, Mr. made all of his
15:09
money out of America. Let's listen to what he has to
15:12
say about a big warning about the US dollar.
15:15
I've got this queued up right where he starts to.
15:18
Really. He'd already talked about the
15:19
weakness on the dollar, but it gets even more crazy.
15:23
Here we go. There's Warren with his
15:25
Coca-Cola. See.
15:27
Ya, they devalue at rates that are breathtaking and that's
15:31
that's continued. I mean, people can study
15:33
economics and you can have all kinds of arrangements, but in
15:35
the end, if you've got people to control the currency, you can,
15:40
you can issue paper money and you will, or you can engage in
15:45
clipping currencies like they just do centuries.
15:48
There will always be people. It's the nature of their job.
15:53
I'm not singling them out as particularly evil or anything
15:56
like that, but the natural course of government this too is
16:00
to make the currency worth less overtime and.
16:04
Make the currency worth less overtime or worthless Warren.
16:09
An important consequences and it's very hard to build checks
16:12
and bounces into the system to keep that from happening.
16:16
OK, so you can go find that back on your own.
16:19
That was on CNBC. He's basically saying the dollar
16:22
is becoming worth less and less the real value.
16:26
Think about what you can buy with an ounce of silver.
16:28
What will, will I think the big take away from listening to
16:32
Warren? Is this OK?
16:35
How much, how many, how many groceries could you buy at the
16:38
grocery store today with an ounce of silver compared to, oh,
16:42
let's say one year ago? Twice as much.
16:46
Congratulations, right? And that's a very short cherry
16:49
pick time frame. But throughout history, silver
16:52
has maintained its value. We can look at one year or we
16:55
can look at 1000 years. It doesn't make a difference,
16:59
right? 1000 years ago.
17:00
I'm going to tell you this right now.
17:02
OK, this here. Here's the Year of the Dragon
17:07
from first met. 1000 years ago, this much silver would buy just
17:12
about as many groceries, as much food as it would today.
17:15
All right, Now, more billionaires, right?
17:17
We've got the new Hunt Brothers and this is crazy.
17:20
This guy owns 13 million ounces of silver.
17:24
But wait, there's more. There's a couple big kickers in
17:27
this one for you. Couple bonus factors.
17:29
Let's go see what David Bateman, he's the new Hunt Brothers is
17:33
what we like to call him and some other people call him that
17:35
as well. He has over 13 million ounces of
17:39
silver, which is breathtaking. I did the math earlier.
17:43
I think it's like almost a, it's under a billion, but maybe like
17:45
780 million U.S. dollars now worth of silver.
17:49
But he says this, listen to this.
17:52
This is just when was this? Yesterday he said a guy I know,
17:56
this is not him. This is a guy he knows in Utah,
18:00
just reached out to ask me how he should go about a 10 million
18:06
U.S. dollar silver purchase. He says a few are starting to
18:10
see what's happening. Some of those sheeple that we've
18:14
talked about before, sheeple people sheeple turn into people
18:18
sheeple are waking up. He says silver will be
18:22
unobtainium soon. Makes me sad to see so many
18:26
people cashing in their silver right now that the refineries
18:30
cannot keep up. OK, well.
18:34
Let me tell you that, let me comment on that.
18:36
And I think there's something very important.
18:39
And then we got a lot more from Bateman.
18:41
But but guys, the fact that the refineries can't keep up, that's
18:47
OK, because silver is a worldwide market.
18:50
Yes, in America when you I'm talking to people that are in
18:53
the, the coin shop business, the retail side, there are people
18:57
cashing in their silver. But you know what, India, if you
19:01
heard of that country, India, let me look you in the eye for
19:04
the, uh oh, hold on, little tech issue.
19:06
Hold on here. Think I can fix it?
19:09
And I did. Thank you.
19:10
I think we're still alive. Hopefully you're still in the
19:13
basement with me. Didn't float off into cyberspace
19:16
on me or anything, now, did you? OK, the Chinese and the Indians
19:20
are sucking it all in. And there's only so much silver
19:24
that can be, quote, UN quote, cashed in in the United States,
19:28
right? But the world is happy to bring
19:30
it in. It's been a little while since
19:33
we've talked about this. There are 1.4 billion people in
19:37
India. They love gold and silver.
19:39
We looked at ETF data the other day.
19:42
They love it. They're going to be able to use
19:43
silver. They've, they're monetizing
19:45
silver in India, right? People in India use silver to
19:49
save. Imagine that.
19:52
I'd imagine they're pretty darn happy they did after what's
19:54
happened over the last year right now.
19:57
But wait, there's more. There's another country out
19:59
there called China. Maybe you've heard of the
20:02
Shanghai Gold Exchange. It also has 1.4 billion people.
20:06
Oh, and also embedded in their culture, just like India are
20:12
silver and gold in the end. And the Chinese, you know what's
20:16
going on with China. So whatever little bit of
20:19
silver, because in the United States, you know, right, a lot
20:24
of people don't know about silver and gold.
20:26
They don't. We don't.
20:27
Did you get taught about silver and gold in elementary school?
20:31
No, we didn't. We had to do the hard work.
20:33
If you're joining me from America and dig in for
20:36
ourselves, most the people out there who we like to
20:40
affectionately refer to as affectionately, and we mean this
20:44
in a respectful way, the sheeple.
20:48
Right, they're just starting to learn about silver.
20:50
I'm getting in trouble for the sheep noise.
20:52
If you don't like the sheep noise, I'm sorry.
20:57
I'll try to warn you next time. Used to be I rang a bell and
21:00
people would get mad. And you know, I can't keep
21:02
everybody happy down here. And you're not forced to be
21:05
here. I love it when you're here and I
21:06
want you to stay here. But I do like to make the sheep
21:09
noise from time to time. But in the future, I will warn
21:13
you of that off. Let's get back on track, right?
21:18
Right. OK, these people in the world,
21:21
silver. The big take away here is silver
21:23
is a worldwide market. It's not just the United States
21:27
of America. Look, I'm not putting my country
21:29
down, but a lot of Americans just think America is
21:32
everything. No, we got 300 million people,
21:35
OK? China and India both have
21:37
rapidly advancing economy. Some people say China's economy
21:40
is as big as the United States. Now they got like, what is that?
21:44
Four times as many people as us? And they love silver and gold
21:48
and they're consuming silver and gold.
21:49
And they're going to be, here's a little something for you that
21:52
I'm hearing that in January, China's going to like like stop.
21:56
They're going to put, they're called export controls on
21:59
silver. So you can't export silver.
22:02
Very interesting. All right, back to Bateman.
22:04
I apologize. I'm all over on you guys
22:06
tonight, but let's go back to Bateman and go to his next
22:09
point. So he's got a buddy who just
22:10
wants to spend $10 million on silver.
22:14
But then this comes out from Bateman again, this is who I
22:18
like to refer to as the new Hunt Brothers.
22:21
Although he's doing it with, there's a difference.
22:23
He's doing it by buying physical.
22:25
He's not using the, he's not buying futures and leverage.
22:29
You know, he's, from what I understand, actually buying the
22:32
metal. He says this yesterday, yes, the
22:36
12th of December at 9:32 PM. He says I bought 350,000 ounces
22:44
of physical silver last week during the dip at $57.
22:49
And he says I'm up 9% already. Can't stop, won't stop buying
22:54
more next week. Grateful for the slam today.
22:57
And that was the slam yesterday. Oh, yeah.
22:59
But we didn't even talk about that.
23:01
So there's Bateman, there's the silver billionaire.
23:03
We heard from Warren Buffett. The dollar is is going to
23:06
continue to become, as he said, worth less.
23:10
We like to say potentially worthless, but then we've got
23:14
the other billionaire, David Bateman, who continues to buy
23:17
more and more physical metal. OK, the future looks really
23:22
bright for the for the value of silver and gold.
23:24
OK, I got to look at my notes. We got a lot more to cover.
23:27
We got Bateman. OK, we're going to talk about
23:29
the gold, the gold to silver ratio.
23:32
This is interesting. OK, I didn't realize this.
23:35
I did the math before I came on. The current gold price is around
23:39
$4300 per oz silver. We're going to say 62.
23:43
I did the math and if my calculator is working correctly,
23:46
we're down to 70 on the gold to silver ratio, meaning it takes
23:51
you 70 ounces of silver to get one ounce of gold.
23:55
Let me remind you, this is a tube of 20 American Silver
24:00
Eagles, OK? That would take three of these
24:04
plus another 10 ounces of silver still to get one ounce of gold
24:09
still traditionally very, very high.
24:11
The lower that goes, that means the higher the silver price
24:15
goes. And in conjunction with that, if
24:18
the gold price goes even higher, right, that drags it up even
24:22
more. That's what they're talking
24:24
about with a slingshot move in the silver price.
24:27
Let's go take a look at what Tavi Costa is telling us about
24:31
the gold to silver ratio, and then we're going to look at this
24:35
chart. He said that the GSR ratio is
24:38
starting to move abruptly, as it often does after reaching
24:42
extreme elevated levels. Wait till you see this chart.
24:45
As always, investors convince themselves that this time was
24:48
different and that we wouldn't revert back to the historical
24:53
average. The historical average OK, and
24:58
history does not always exactly repeat, but it does often rhyme.
25:01
It's ironic how these extremes appear obvious in hindsight, yet
25:06
in real time they're often rationalized as anomalies.
25:09
My views to the GSR ratio is set to decline substantially, and
25:14
this is likely only the early stages of this move.
25:17
I've got another visual we're going to look at on this next
25:21
that will blow your mind. OK, but here's the gold to
25:24
silver ratio. Let me get the crayons out.
25:27
The virtual crayons. OK, this chart, as you may see,
25:31
I hope this is a long enough time frame for you, goes back to
25:34
the year 1687. Many of you are probably old
25:37
enough to remember that time frame like I am over here.
25:41
This is the gold to silver ratio, right up 100, which we
25:45
actually hit not long ago. Felt like we were at 100
25:49
recently. Here's 20.
25:53
OK, here's 50. Alright, as you can see, for
25:57
many, many years, right, many hundreds of years, the gold to
26:01
silver ratio was below 20. Then it's spiked up here when
26:05
around 1934 and then we had back in 1999 or I'm sorry, yeah,
26:12
861999 but look, look where we are, look where we have been way
26:17
up here, 2.5 standard deviations above its historical mean, OK,
26:23
which is right here 30, OK, but even and then again this is
26:28
where we are right now. We've it's dropped a bit.
26:31
So we're probably closer to 70. If we were to get back to 50, if
26:36
my math is correct, I don't know what would we have.
26:38
We would have like 80. I'm sorry.
26:40
If we got back to 50, wow. Yeah, we would have around $85
26:45
per oz silver. We'll say 84.
26:50
OK. If we get back just to this
26:52
level right here, which again is still 2 standard deviations if
26:57
we got back to the historical average.
26:59
Let me get my calculator out here real quickly.
27:01
If we divide 4300, 4300 divided by, hey, we'll just use that
27:10
#29.170, that would be right here.
27:16
And that would be, do you know what it would be?
27:18
You probably do it in your head, you genius.
27:21
That would be $147 silver. Now think of what we're looking
27:26
at right there. That's at a gold and silver
27:28
ratio of 30. Now let's go out to see what
27:33
Marin Catoosa, one of the brightest minds out there, had
27:37
to say about what's going on in the gold and silver ratio.
27:40
Catoosa research says Nature provides only 8 ounces of silver
27:45
for every one ounce of gold mine.
27:47
The market trades like it's 80 times more common.
27:51
Are we watching the greatest geological mispricing in history
27:56
snap back to reality? Yes, we are Marin, absolutely.
28:02
So guys, look at this. I'll get the crayons out one
28:04
more time. The geological lie, there's
28:08
nature's ratio, right? Eight to one on gold to silver.
28:13
OK, this is where the markets trading right now, 80 to 1.
28:18
So Mother Earth prices, it gave us 8 ounces of silver for each
28:24
one ounce of gold. The market prices it like
28:27
there's actually 80 ounces of silver for each one ounce of
28:31
gold. And hey, just for fun, you know
28:33
what, let's just say we did get back to if we divide 4300 and if
28:40
we got back to an 8 to 1 gold to silver ratio, the price of
28:47
silver would be $537. I know it sounds crazy, right?
28:56
But let me tell you what else sounds crazy and what I was.
28:59
Accused of just a year ago when the silver price was $30.00 an
29:02
ounce a year ago today, right? Right now, right.
29:06
December 13th, 2024, we sat down here in the basement, we talked
29:12
about silver going to 50-60 dollars, $7080 an ounce, $40.00
29:17
an ounce. 45 people said we were crazy, didn't they?
29:22
Well, how did that work out for them?
29:25
I used to get emails and it was, it was hard for me to read these
29:28
things where people would say you're a liar.
29:31
You're telling people silver will never, I got a whole file
29:34
of them. Silver will never go back to
29:36
$50.00 an ounce. You're a shill for the silver
29:39
companies. You're the blah, blah, blah.
29:41
You're dreaming, right? Well, where are we today?
29:44
Am I dreaming? Is this a dream?
29:45
Are we on Fantasy Island? No, we're in reality.
29:48
I'll tell you what's in Fantasy Island and we call it Fantasy
29:51
Island Silver. And that would be the Comex and
29:54
the LBMA. That's what they are.
29:57
They're in fantasyland. They're trading paper make
30:00
believe silver. And I think the day is coming,
30:03
the day is nigh, right where the physical demand for silver is
30:07
overtaking the paper markets. OK, next we're going to look at
30:11
gold. We've got a brand new technical
30:13
chart and gold, because gold is still the granddaddy, the grand
30:17
pappy of all the precious metals.
30:20
We're going to look at some interesting data on gold and.
30:24
A lot more. But before I do that, Speaking
30:26
of gold, I do want to say thank you to 1st Mining Gold for
30:29
sponsoring the Ron's basement gold and silver content.
30:32
It's a stock I own long before they sponsored my channel.
30:35
I'm not a financial advisor, do your own research, but I love
30:39
First Mining Gold because they have two huge development stage
30:43
gold projects in Canada. And when I say huge, I mean
30:47
millions of Oz of gold in the ground.
30:50
And they've been working on these projects for a long, long
30:53
time. You know, like 5-6 years.
30:56
They've worked on them. Other companies had worked on
30:58
them prior to that. There just aren't a lot of huge
31:01
gold deposits in favorable parts of the world.
31:06
Good jurisdictions in Canada is considered to be one of the best
31:10
jurisdictions for gold mining in the world.
31:13
You can learn more about First Mining Gold at
31:15
firstmininggold.com here. I'll show you their website real
31:19
fast. See if I get this working.
31:21
Hopefully my wrong one. That is, it is here we go and
31:26
here we go. Here's first Mining gold,
31:28
firstmininggold.com, advancing two major gold projects in
31:32
Canada. If you're interested, you can go
31:34
out and check them out and even reach out to the company.
31:37
Paul Morris, their director of investor relations is a
31:40
wonderful guy. Gets back to everyone if you
31:43
have any questions. OK, All right, let's look at oh,
31:47
hey, guess who's back? I guess who's back.
31:49
Not Shady. No.
31:51
OK, Rashad is back and he's got something to say about gold.
31:55
And then hold on. And then we got even more
31:59
something super interesting, a technical pattern and gold that
32:03
I've never seen before. So let's go out to here we go.
32:08
Rashad, hold on. Here.
32:12
Here we go. Now you see it.
32:14
Now you see it. There's Rashad Gold two-month
32:18
triangle broke out yesterday. This is not the new one, but
32:22
this is worth listening to. It's amplitude applied to apex.
32:30
I'm not going to act like I know what that means.
32:32
Suggest that immediate target is $4700 for gold.
32:37
Rashad, we love you again with gold to silver ratio expected
32:42
around 58 to 62. I expect the silver price around
32:47
75 to 80 in the present cycle. He says no.
32:50
The move in gold to 4700 from present price levels, excuse me,
32:56
makes up nearly 10%. Gold rallied 11% within seven
33:01
days, most recently from October 9th through 16th of 2025.
33:08
Above mentioned assumption suggests that gold could reach
33:11
4700 in silver. What?
33:14
Wait a minute. Silver.
33:16
At least $75 per oz before the end of the year.
33:21
OK, Rashad. And again, he says not, not
33:23
investment advice. Yeah.
33:25
And I'll say the same thing too, Guys, look, I'm not a financial
33:29
planner or a financial advisor. I'm a guy in my basement who
33:34
does a lot of research on gold and silver.
33:36
And I just tell you what, I see what I believe.
33:39
Always do your own research. But there's what he's talking
33:42
about. And this was just recently.
33:45
This was from. Here's the start of October, and
33:49
here's the start of December. So we had this triangle pattern
33:55
in gold, OK. And whenever there's a triangle
33:57
pattern as time goes by, which is over here on this access
34:02
axis, eventually it's forced to break out either to the
34:06
downside, right, or to the upside, as we can see.
34:12
And what he pointed out here on this chart is there.
34:16
It all goes right there. If you look, we broke out to the
34:20
upside and gold's been strong, even though on Friday we had a
34:24
little bit of a challenge in the silver market.
34:26
Gold's been strong. But wait till you see this next
34:28
one because I got to be honest and I love it.
34:33
We all know about the cup and handle pattern, but what about
34:37
the triple? The golden triple cup sounds
34:41
like a horse race or something. We got a new tech pad, a new
34:44
technical analysis pattern. New to me, Maybe not new to you,
34:47
but new to me. But it's good news.
34:50
This came from the gold predictors.
34:52
Gold is broken out of a quote UN quote.
34:55
Do I have the right screen up? Yeah, I believe I do.
34:57
Yes, I do. OK.
34:59
Gold broke out of a here it is triple cup formation, signaling
35:04
a strong bullish momentum. As long as price holds above the
35:09
breakout zone, this guy says the path towards 5000 remains
35:13
intact. And here's the old triple cup
35:16
formation. So you know we know this one,
35:19
the cup in handle OK, but this is the triple cup right there.
35:27
You can see it right? Whoop, whoop, whoop, triple cup.
35:32
But nonetheless, on all seriousness, I like this because
35:37
as he points out again there, we actually broke up of that as
35:41
well. OK.
35:42
The other big thing that we follow in the silver market
35:46
because there are major dislocations.
35:49
I listened to a guy from China, two people from China talking
35:53
about the the physical situation with silver in China and it is
35:58
becoming precarious. You know, there's these refinery
36:00
issues here in the United States becoming precarious.
36:04
I'm hearing about like, like like buybacks on junk silver.
36:08
It like $20 below spot. I would not recommend cashing in
36:12
junk silver right now. And obviously the prices that
36:15
are being offered are discouraging you from from doing
36:18
that. But the other big thing, the
36:20
lease rates, the amount of this and then we got the big one
36:23
we're going to look at which is backwardation.
36:25
But lease rates are going up and up and up again as well.
36:30
That's the amount of what it, what it costs basically to
36:33
borrow silver, silver in London, right.
36:36
And when the lease rates go up, that indicates, and that's what
36:39
a lot of the top people are following very closely, stress
36:42
in the markets. OK, but what about
36:44
backwardation? Backwardation is another huge,
36:47
huge signal that there's issues in the market because the way
36:51
the markets work, the current spot price for silver or for any
36:56
commodity for that matter, should always be lower than what
37:00
the futures price is like. You should be able to buy the
37:03
commodity in this case, we're talking about silver now for a
37:07
cheaper amount than what you would have to pay for it, let's
37:10
say three months in the future. Backwardation, what that means,
37:14
that's when the spot price, the immediate price for silver goes
37:19
higher than the futures price, OK?
37:22
That happened like 3-4 weeks ago, that kind of institute or
37:26
was coincided with a very large increase in the silver price.
37:30
And then things went back into what they call contango, which
37:33
is that natural state that I described earlier where the
37:36
futures price of silver went higher than the spot price.
37:40
Where are we now? Is it getting interesting?
37:43
Hint, hint. Let's go take a look.
37:45
Let's go out and take a look at the first.
37:48
We'll look at the spot price of silver and we will go to Kitco
37:52
for that. So on Friday, as you can see,
37:57
just so you know, not pulling your leg, that's the world spot
38:01
price, OK. Gold was 4300 silver, OK, We're
38:07
going to say $62.00 per oz. That's the ask all right now.
38:12
So that should be significantly or noticeably lower, maybe not
38:18
significantly, noticeably lower than the futures price.
38:21
Well, let's go out and look at the to remember that, right,
38:24
Easy to remember 61, excuse me, 6199, almost $62.00 if we go out
38:30
and look at the futures price, right And our friends, what they
38:34
change their logo. What did you see that CNBC
38:38
change their logo on us those stinkers All right got to get
38:42
used to that anyway, the silver price in the futures market.
38:47
Oh. $62.08, I can tell you, I don't know what it like
38:52
percentage wise it should be, but I would think in a healthy
38:56
market, OK, that's getting very close.
38:58
We are not officially in the state of backwardation.
39:00
We're in a state of almost backwardation right now.
39:04
So that the futures price should be much higher than that, right?
39:09
Let's say like 636350 per oz. So we are almost in
39:15
backwardation. It's very unusual to be in
39:17
backwardation. And again, we were in
39:19
backwardation, what, 4-5 weeks ago?
39:22
But let's look at the silver chart just for kicks and
39:24
giggles. Hopefully it didn't change that
39:26
on me too. I'm really going to look
39:28
foolish. OK, so this is and here we go.
39:34
This is this is where we can see that's the March that's pretty
39:38
far out too. Jeez, that should be a lot
39:41
higher than the spot price. It's the March price for silver.
39:45
And let's take a look at this horrible, horrible crash that we
39:52
had in the silver price on Friday.
39:57
This is a. One month chart.
39:58
And as you can see, yeah, I know it felt bad, guys, but look,
40:02
even on the one month chart, we got nothing to complain about.
40:06
Wow. I mean, do you see that here?
40:09
In case you can't see it, I'll draw it for you.
40:12
This was the 24th of November. What is today the 13th?
40:17
So that was like in three weeks. This is what the silver price
40:22
did. OK, Looking pretty darn good.
40:25
OK. Now let's go just check on the
40:29
one year chart to make sure it looks healthy and again, OK, the
40:34
only thing I'm concerned about on this chart is this right
40:37
here. OK, here.
40:40
We'll go back to. Is that April?
40:42
Yeah, that's one year. Geez, look at that.
40:45
Do you see that number right there?
40:46
You may not remember that. That's $30 per oz silver.
40:50
That's April and that's about where we were at that point.
40:56
Look at what the silver price has done in that period.
41:00
The only thing I'm getting a little worried about on this
41:03
chart is this right here, OK, this move from 50 up to 65,
41:11
because remember what we said, I'm not going to call that a
41:14
squeeze. I'm not going to call that.
41:16
That's almost a semi spike and guys, look.
41:19
If we get back to 6050, even if we get back to $55 silver, we're
41:26
still going to be in such good shape because what's happening
41:29
right now is we are seeing the floor for the silver price, the
41:33
floor move. Up and up and up.
41:36
You remember being down here like 2 years ago?
41:39
My gosh, I was talking to Dan Wilton, the CEO of First Mining
41:44
Gold on Friday. I was in, I went on a mine tour
41:49
with him up in Quebec in October of 2023.
41:52
OK, that's a little over two years ago and it's hard to
41:56
believe. And I had it written down the
41:58
two years ago, the silver, I'm sorry, the gold price, was it
42:02
like 1800? Nineteen, $100 per oz, OK And
42:07
back to silver. The silver floor is going up and
42:12
up and up and up. And it didn't happen overnight.
42:16
It happened through consolidation and what
42:18
consolidation means. And that's what's happening
42:20
right now. Anybody who wants to sell their
42:23
silver, it's $60.00 per oz and get out OK is doing it and those
42:29
people are being replaced. There's like this foundation of,
42:32
of people that are silver handed not going to sell their silver.
42:39
You know, I've never sold an ounce of silver in my life, OK,
42:42
Never ever if I'd gone to a coin shop or any online and said
42:46
here, here, right. So the people like us, right,
42:51
that are silver handed are growing and growing and growing.
42:54
And then the people that are like, oh, I don't know this the
42:58
chickens, the silver chickens, right?
43:01
They're getting out. They're gone and but they get
43:04
replaced with other people that are that are that are long term
43:08
holders, long term believers and know the thesis behind it all.
43:13
It's going to be wild, man. There is just so much going on.
43:16
Oh, before I forget, hope walks. You want to do something nice
43:20
this holiday season, please let me see if I can pull them up
43:23
real quick. Wonderful organization helping
43:26
treat children all over the world with clubfoot.
43:29
OK clubfoot is something that we don't talk about a lot in the
43:33
United States or hear a lot about because even though
43:35
there's what I think 4 or 5000 children born with the.
43:40
It's a birth defect every year they get treated immediately.
43:44
Troy Aikman head clubfoot via ham head clubfoot.
43:48
But the reality is throughout about the rest of the world,
43:50
especially in poor countries, like there's like 200,000
43:54
children born with clubfoot every year and a lot of them
43:57
don't get treated. This organization has helped
44:00
treat 20,000 children with clubfoot and it happens all over
44:06
the world. That makes a major impact in
44:08
these children's Life, OK. And it's not that expensive.
44:12
It only costs like $500 per patient to completely treat
44:16
clubfoot. So they're going all over the
44:18
world training physicians, providing the braces and the
44:22
necessary equipment to train these children in making a
44:26
major, major difference. So if you want to do something
44:28
nice, go check them out. Don't forget also.
44:31
Hey, hey, hey, wait a minute, you want to be a pirate?
44:34
This is the funnest part. I love this dirty man.
44:38
Safe. See it.
44:39
This is the small version of The Dirty man safe.
44:42
They also have a micro version on out now.
44:44
But this is a safe that you bury in the ground just like the
44:48
pirates did and you can put whatever you want in it.
44:50
Here, let me show you how this works.
44:53
Here we go. Everyone's got a little plastic
44:55
Unicorn in it, but you can put silver, gold, anything you want
44:58
to keep safe. None of my business, but you
45:00
bury these in your wherever you want.
45:04
Don't tell anybody, but maybe one other person and you get to
45:07
bury and keep things safe from fire flood.
45:10
Maybe you've got a regular safe at your house.
45:12
Maybe you've got a safety deposit box.
45:14
I don't know. Maybe you hide stuff in the
45:16
rafters, whatever. But this gives you an option to
45:20
do. See that too.
45:21
There's a discount code Ron 10, right?
45:24
And what a great gift idea. Maybe you're sitting hanging out
45:28
with me in the basement, but you need to do some holiday
45:32
shopping. Go check out dirty man safe.
45:34
They've got this new here. Here it is here.
45:36
I got one right here, like the micro version or the OR the
45:42
crypto version they're calling it.
45:44
These things are so cool, so well built, and let me show you
45:50
this one again opens up from the bottom and just as an example, I
45:55
can show you, you guess what's in here.
45:57
Do you have any idea what's in here?
45:59
There you go, here we go. Susie's favorite upstairs,
46:05
Susie, a 5 oz bar from can you see that?
46:10
Isn't silver beautiful from firstment.
46:12
So if you're looking for something to do, don't forget
46:14
discount code Ron 10. Don't forget it's always a big
46:17
deal when you join me down here in the basement.
46:19
Seriously, it's like a like a community of people, basement
46:23
dwellers. We love our gold.
46:25
We love our silver. We love our precious metal
46:28
mining stocks, but it's just a big honor when you come down
46:31
here. So thank you for doing it.
46:33
Please subscribe to the channel and most importantly, have a
46:36
good night. Happy Saturday and I will see
46:39
you, Yes, you next time. Thank you.