Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **ALERT** What DECLINING Gold & Silver Production do to PRECIOUS Metals PRICES

Transcript

**ALERT** What DECLINING Gold & Silver Production do to PRECIOUS Metals PRICES · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:00
What would it mean to you, a silver and gold investor, if we
0:04
have actually reached peak gold, peak silver, meaning that from
0:10
now and until the future, the amount of gold and silver
0:14
produced by mining activities would actually be declining?
0:19
What do you think that would do for the price of silver and
0:23
gold? We're going to dig in, pardon
0:26
the pun, into that subject in this video and look at some
0:30
interesting developments. I'm going to tell you what I've
0:33
heard from industry insiders. Yeah, I talked to CEOSI, talked
0:38
to senior. Managers at a lot of these big
0:40
mining companies and what I'm hearing is downright
0:44
fascinating. Well, it is to us because we're
0:47
basement dwellers. We love precious metals.
0:49
We love silver and gold and nothing is going to impact the
0:55
price of anything like supply and demand.
0:58
And we've got some big news to look at in that area.
1:01
But first, let's get up to speed the best we can with the
1:05
situation in the Middle East because that also is having a
1:08
major impact, hopefully not just for the short term on the price
1:14
of silver and gold. And we're going to put in not a
1:16
disclaimer, but a fact. We don't like war, we don't like
1:20
violence. We don't like the fact that now
1:22
4600 people have died in Palestine and obviously the
1:26
people that have died in Israel. We don't like any of that.
1:30
This is not taking sides. This is just me reporting the
1:33
news the best I can about what the latest is going on there and
1:37
I'll give you my opinion. It feels like the level of
1:42
contention in that area continues to ramp up and that is
1:46
scary in many ways. Now remember, silver and gold
1:51
are a safe harbor asset, a flight to safety asset and one
1:55
that is growing in importance by the day and by the week.
1:59
We don't want the violence, we don't want the war, but we have
2:03
to stay abreast to what's going on because it will impact the
2:06
price of the metals, the value of the metals and with.
2:10
Fewer and fewer people wanting to move to the dollar or the
2:15
Treasury bonds as a safe harbor asset, the allure of silver and
2:20
gold continues to increase. So here's some some latest news
2:25
of what I'm hearing over there and then we'll talk about an
2:27
analysis of the situation And then we're going to move right
2:30
into this peak gold, peak silver situation that could lead to
2:34
skyrocketing prices in the metals as we go into the next
2:39
number of let's say quarters and years.
2:41
OK. So like I said, we have, I've
2:44
heard that now we've had 4600 people that have been killed in
2:48
the Gaza area. Interesting developments with
2:51
China. I heard a report and again
2:54
there's a lot of conflicting info out there.
2:56
So you know, corroborate all of this as you will, but the 44th
3:01
Chinese naval export has arrived in the Middle East.
3:05
That's six warships to me. That's a big ratcheting up in
3:10
this conflict. If the Chinese are now sending
3:13
warships in the Chinese Navy is quite impressive.
3:17
That's not a good development when we've got the United States
3:20
sending warships, China sending warships.
3:23
We also know, and this was not really reported in the
3:27
mainstream media, but over the last 10 days, there was an
3:31
important meeting. Think about this between Putin
3:36
and G, yes, the presidents of China and Russia got together
3:41
within the last 10 days and had a summit.
3:43
Had a meeting, I believe even. The president of Hungary was
3:48
meeting with President Putin. Guys, the world is becoming very
3:53
contentious. Is that a good word?
3:56
Good way to describe it? Very, very more.
4:00
And I can't speak where the darn there's more conflict going on
4:04
than any time that I remember. And it seems like everybody's
4:07
taking sides. That's not a good thing when it
4:10
comes to the Israel situation. They're also fighting in the
4:13
north now with Lebanon. All these Arab countries are
4:17
banding together. Don't forget that when President
4:20
Joe Biden flew over there, he had scheduled meetings with some
4:23
of the Arab heads of state. They cancelled all those
4:27
meetings. So all that President Biden
4:29
wound up doing was meeting with Benjamin Netanyahu, right?
4:35
The president of Israel, Things are getting crazy over there
4:39
right now, and not in a good way and not anything that we want to
4:43
see. Let me read this to you.
4:46
It says at at Cairo Peace Summit, Arab leaders express
4:51
growing anger with Israel over its war in Gaza.
4:55
This is from Cairo, from The Associated Press.
4:58
Egypt and Jordan harshly criticized Israel over its
5:02
actions in Gaza at a summit on Saturday, a sign that the two
5:07
Western allies, right those are Western allies that made peace
5:12
with Israel decades ago, are losing patience with its two
5:17
week old war with Hamas again not taking sides.
5:21
That's not my place. This is not a political channel.
5:24
This is not a religious channel or anything else.
5:27
This is a channel about silver and gold.
5:29
I'm just reporting to you that we have two former allies of
5:33
Israel in the Arab world that are saying they're not happy
5:38
with what's going on. It just feels like it's another
5:41
US versus them type scenario that.
5:44
Only continues to escalate. You know, right?
5:47
You know You buy silver. You buy gold for its safe haven
5:51
attributes. And it sure feels like there's a
5:54
lot of other people throughout the world who are joining you.
5:58
Does it feel that way? We had an unbelievable run in
6:02
the gold price over the last few weeks.
6:04
Will that continue? Will this level of contention
6:08
continue to ramp up? Right.
6:11
I mean, we don't want higher gold prices on the back of
6:14
people suffering throughout the world, but we aren't doing it.
6:18
You aren't causing this and unfortunately it's hard for me
6:23
to put this into words for us, but we want to be aware of
6:25
what's going on and protect ourselves and I think that's
6:29
what you're doing. So we've had massive anti war
6:33
protests breaking out throughout the world.
6:35
It's a crazy, I mean we talked about this over the last months.
6:39
The world is is becoming crazier.
6:44
Crazier. I mean, it's not really not
6:46
funny, but it is than any time that most of us have experienced
6:51
during our lifetimes. A lot of us don't remember World
6:54
War 2, right? I mean, this is getting serious.
6:58
What's going on in the world? Don't.
7:00
Forget we've got war also going on in Europe, in Europe right
7:05
now, and now potentially in the Middle East.
7:08
I was watching a news report right before I came on and
7:11
they're saying that. The the Israelis are still
7:14
planning on invading or whatever whatever the word is going into
7:18
the Gaza Strip where at the same time now they have to their N
7:21
Lebanon is attacking them that it's going to be A2 front war.
7:25
We've got the Chinese moving naval vessels into the area.
7:30
We have the United States. Excuse me, with naval, I mean,
7:33
the list goes on and on. Let's all hope for the best.
7:37
Let's all you know, again, maybe take some solace on our own
7:42
personal levels because that's all we can control, that we
7:45
aren't involved with this and that we're protecting ourselves
7:49
with the precious metals. OK, what about, let's shift
7:54
gears here for a second. What about is the world running
7:58
out of silver and gold? How do you feel about that?
8:02
We're going to cover that next. But first, I want to mention to
8:05
you, we're doing a big giveaway free silver over 20 oz on Black
8:11
Friday this year. Yes, the day after Thanksgiving.
8:14
So you got a little time. There's a link.
8:16
There'll be a link in every video I put out between now and
8:20
then. There's a short little video
8:22
that you go. It's like 2 minutes long.
8:24
You watch it. You don't even have to watch it.
8:26
You didn't watch to the point where I tell you what you got to
8:28
do, but there you do have to leave a comment on that video
8:32
with two specific words and you'll be automatically entered
8:35
into the giveaway. We got a lot of great stuff.
8:38
Jim M, who I believe is here on this live stream, don't really
8:42
kicked it off with a big donation.
8:44
Pimbex kicked in a 10 ounce bar. The video goes through
8:48
everything and one person's going to walk away with a big
8:52
grand prize on this Black Friday.
8:54
So go check that out when you get a chance.
8:57
But what about if the world is running out of silver and gold?
9:01
Well think about this. What determines the price of
9:04
silver and gold besides those? Crooks at the Comex, we've been
9:10
manipulating it for years and years, but they can only do that
9:14
for so long. Guys, at the end of the day,
9:16
there's going to be one thing that determines the price, the
9:20
value of silver and gold, and that is supply and demand.
9:25
Are we at peak supply will, as we move into the future, we see
9:31
ever decreasing amounts of silver and gold?
9:36
Being mined out of the ground, I think.
9:38
That it's a much more realistic possibility than most of us are
9:42
realizing. And I think the statistics that
9:45
we are able to glean on this subject indicate to us that if
9:50
we're not already there, we are already very close to a point
9:54
where there's not going to be as much silver and gold coming out
9:58
of the ground. And don't forget, OK?
10:01
Don't forget. Silver and gold are finite
10:05
resources. They are finite.
10:06
They are not infinite. You can't plant seeds in the
10:09
ground and grow more gold and silver.
10:13
You can't photocopy it. You can't digitally digitally
10:16
reproduce it. You can't.
10:19
There's only so much silver and gold on this planet.
10:23
OK, that's kind of the basis of of what's behind.
10:27
Thank you, Susie. I'll turn on my walkie-talkie.
10:29
Sorry. Hold on guys, Susie's yelling at
10:32
me. I had to turn on the
10:35
walkie-talkie. Is your walkie-talkie on Susie
10:38
it? Is.
10:40
Make sure you ring the bell, but do it away from the microphone,
10:43
please. OK, OK, I got to ring the bell.
10:45
We got 100 thumbs up, man. Over 250 people.
10:49
Wow. These live streams.
10:54
I ring the bell 10 times when we get 100 thumbs up.
10:57
These live streams are getting out of control.
11:00
How did this happen? Thank you guys all for being
11:02
here. OK, man, you are a basement
11:05
dweller. We are together.
11:06
We love to talk about silver and gold.
11:09
And right now we're talking about the world running out of
11:12
silver and gold. We already know.
11:15
Think about demand. Think about demand for silver.
11:18
You know it. Solar electronic.
11:23
Investor demand, right? What about?
11:25
What about times of economic uncertainty?
11:28
What about times of geopolitical uncertainty?
11:30
Think about gold. What about the central banks
11:33
that are like sucking up in the Eastern countries?
11:36
You know, the demand story. But what about the supply story?
11:41
Are we indeed? Let's focus on.
11:43
Let's focus on a couple things. I got a lot.
11:46
We got a lot to cover on this subject.
11:49
Let me let me let me read this to you first and then I'm going
11:52
to tell you some information about the supply of silver and
11:56
gold, right, that I I believe to be some very keen insights into
12:01
what we have to expect even within just the next 10 years.
12:06
It's going to get very, very interesting.
12:09
OK, let me read this. It says in in July of 2012,
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Natural Resource Holdings CEO Racer Bag wrote a report
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entitled 2012 World Gold Deposits Ranking, claiming that
12:23
gold production would peak between 2022 and 2025 due to
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markedly lower grades. That's key.
12:32
OK. These mines when they're mining
12:35
now, there's not as much silver, there's not as much gold in the.
12:39
Ore that they dig up all the easy stuff, all the low hanging
12:43
fruit. Has been harvested.
12:45
All the stuff that was laying in streams out in California, all
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the stuff that was right near the surface with a lot of gold
12:52
in it. Guys, it's all gone.
12:54
It's all gone OK and remote locations.
12:58
That's another big challenge facing the mining companies.
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A lot of the new, when they do find the new deposit, they're
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off out in the middle of nowhere.
13:07
You got a helicopter, everything in or you got to float it in on
13:10
barges or you got to bring it in on airplanes under these remote
13:14
airstrips. There aren't roads leading to
13:17
many of these mine locations where they.
13:19
Are finding what little silver and gold are left in the crust
13:24
of the Earth. And don't forget, there's not an
13:26
infinite supply you can't grow. Silver and gold.
13:31
I wish you could, right? Get a little pack of seeds, put
13:33
it in the garden. Yeah, grow yourself some gold.
13:35
No, it doesn't work that way. It just doesn't work that way.
13:39
It's a finite resource. Now I got to get back to this
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article of the remaining known undeveloped deposits, quote
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quote. Consequently, the guaranteed
13:51
depletion depletion. That's a keyword in the existing
13:55
production mix coupled with a more realistic introduction of
14:00
new mines into the mixed makes it clear that barring multiple
14:05
high grade, multi million ounce discoveries each year, which
14:09
have not happened, they aren't finding new gold right.
14:13
A significant increase in gold production is unlikely and the
14:18
same thing is true for silver. OK guys, the same thing is true
14:22
for silver. There's charts out there.
14:26
Here's the reality. I talked to the CEOs, OK?
14:29
Actually, tomorrow I'll have an interview coming out where I
14:32
talk to the Alistair, still the CEO of Gold Mining, Inc.
14:38
I talked to Dan Wilton, the CEO of First Mining Gold.
14:42
I talked to Sean Coon Coon, the CEO of Dolly Barden Silver, John
14:48
Lee, the CEO of Silver Elephant. All these guys in the last
14:52
month. Guys, here's the reality.
14:55
It's next to impossible to find new silver and gold.
15:00
Fact okay. Fact.
15:03
If you're a company that already has it, you're sitting in good
15:06
shape, Okay. But it's it's super expensive.
15:11
In the places you have to go to try to find it, and with
15:15
sentiment, the way it is right now, we are sitting in the
15:18
catbird seat. I tell you, you are a catbird.
15:22
Whatever, I can't. What is a catbird seat anyway?
15:25
You're sitting in a favorable position if you own some silver
15:29
or gold right now because finding the new metal is very
15:32
difficult. These companies like First
15:35
Mining Gold, who's the sponsor of my channel, they have what,
15:38
25 million ounce deposits in Canada and another 3 million.
15:42
They have 13 million ounces of gold in the ground.
15:45
I think those companies like Gold Mining Inc, they have 23
15:49
million ounces of gold in the ground.
15:52
Dolly Vard and Silver has what I think 100 million ounces of
15:56
silver, Summa silver. I'm going to be talking to the
15:59
CEO Galen of Summa Silver this. Week.
16:02
They have this massive deposit out in Nevada of silver.
16:07
I think that's the place to be. I think think about this, think
16:11
about this. Would you rather be a big
16:13
producing gold mining company right now?
16:16
You're doing nothing but burning.
16:19
That's what these these companies, the big gold mining
16:22
companies have been through such a tough and silver.
16:25
Excuse me. Hold on a second.
16:27
I'm losing my voice. And silver mining companies have
16:37
had a very difficult 10 years. What does that have to do with
16:41
the price of your stack, right? I know you're thinking about
16:43
yourself. We all do.
16:45
That's OK. What does that have to do with
16:48
the value of your stack of silver and gold?
16:50
It's got everything to do with it because in the end I'm going
16:55
to bang the table, see everything's moving.
16:57
Can you hear that? In the end, supply and demand,
17:03
Mother Nature, the market forces will determine the value of the
17:09
metals. OK, now when I talk to these
17:12
CEOs, they all tell me the same thing.
17:15
It's darn near impossible to find any new.
17:18
Metal. So are we at peak silver and
17:21
gold? Very likely we are or maybe
17:25
we're already past the peak or maybe we're right at the peak.
17:28
OK, but but it is a, a, a, a a market reality right now OK that
17:37
that there is less and less of the metal coming on to the
17:43
scene. So would you rather be right?
17:46
Now think about this this is this is the this because?
17:50
The gold miners supply the new gold to the market.
17:53
The silver miners supply the new silver to the market.
17:56
Now most silver comes as a byproduct of copper mining, zinc
18:00
mining and lead mining. You need to know that like 80%
18:03
of it but but would think about these companies over the last 10
18:07
years, it has been extremely difficult right because of price
18:12
of the metal for those companies to operate.
18:14
So they are. They've they've been grabbing
18:17
all the easiest silver, all the easiest gold they could get out
18:21
of their minds just to survive, just so they could break even or
18:26
pay off big debts that they have what they haven't been doing,
18:31
okay, so they've been running on full steam.
18:34
Ahead. Producing all that they could
18:36
just to survive. Okay just to survive.
18:41
Maybe being forced to pay out dividends, Pay off debt.
18:44
But what they haven't been doing is investing.
18:46
They did all those other things right, Paid dividends, paid off
18:50
debt at the expense of their pipeline, right?
18:54
Their new gold and silver are finite resources.
18:59
Gold and silver mining are depletion businesses.
19:02
Meaning every time they dig up an ounce of silver or gold out
19:06
of the ground, that's one less that they have that they can dig
19:10
up in the future. So they have to constantly feed
19:12
their pipeline and they haven't been able to do that because of
19:17
it's set up a a situation where I think #1, if you're a stacker
19:24
and you have some physical silver, physical gold, platinum
19:28
for that matter as well. You're sitting in very good
19:31
shape. If you're a company that has
19:33
been investing in in buying because everything's been cheap
19:38
up these massive deposits of of of known and measured.
19:44
Gold and silver in the ground and buying them on the cheap,
19:48
right? You could buy silver projects
19:50
for like a dollar an ounce because the market is so screwed
19:54
up, right? Would you rather be a company
19:56
that's like burning through all your inventory and hardly making
20:00
any money? Or would you rather be a company
20:03
like First Mining Gold or a person like you sitting on
20:08
right, a company like First Mining Gold that's got all this
20:11
gold in the ground. Gold Mining Inc, Dolly Vard and
20:14
Silver Summa Silver that have all these millions of Oz of
20:20
silver and gold in the ground, the best vault in the world.
20:23
You know, I like to say the only thing I love to hold it in my
20:27
hands. I don't have any within reach.
20:30
But the next best, best thing to holding some silver or gold in
20:33
your hand would be to know that you own part of a company that
20:37
holds a boatload of it in the world's safest vault, right 300
20:43
meters down, buried in the earth.
20:45
Nobody's going to come steal it from you.
20:47
It's a very interesting situation.
20:49
Now as we look at peak gold and peak silver, we know this from
20:53
the Silver Institute, all right. And it's not been catastrophic
20:58
as of yet. I'm not going to over
21:00
exaggerate, but in 2020, one 827,000,000 ounces of silver
21:05
were produced. 2020, two 822 million, easy to remember,
21:12
right, but down and not down significantly but down by 5
21:16
million oz. But think about that in the
21:20
context of how the deficit is growing.
21:24
The deficit meaning there was way more silver demanded in 2022
21:30
than in 2021. Estimates for the future are
21:33
mind boggling for silver alone, right?
21:37
You know the solar demand numbers.
21:39
They are, they are. They're spine tingling.
21:44
The amount of silver that's going to be needed to electrify
21:47
the planet, to develop the the solar industry is absolutely
21:52
crazy. And don't forget, nobody's
21:55
nobody. I mean, nobody is exploring for
21:58
silver. So in the past ten years, the
22:01
big companies have paid off dividends, paid off debt.
22:04
Right, just did what they could to survive.
22:07
But they aren't exploring for silver and gold at the expense
22:11
of their supply and the supply from the mines that the mine,
22:15
that's the supply for silver and gold.
22:19
Now we talked yesterday, there's about 4 billion ounces of silver
22:24
on the surface right now. Again, these numbers are
22:28
contested by everyone, but half of that is owned by individual
22:33
investors. Half of that isn't practically
22:35
owned by the banks. We've got this massive imbalance
22:41
where there's 250 million additional ounces of silver
22:46
being demanded over what is being supplied.
22:49
That's eating away, right? Eating away the silver.
22:52
Institute told us that the deficit last year ate up.
22:56
I think it was like. 11 years worth of previous year's
22:59
surplus. These numbers are absolutely
23:03
real guys. And mining is.
23:05
Don't you forget the two keywords for US basement
23:09
dwellers today. Depletion, right.
23:12
Every time somebody digs up. Hey, thank you, Craig.
23:15
I forgot about super chats. Wow.
23:17
Super chats. Thank you, Count derpula.
23:19
More cowbell. When we get to 200 Thumbs up.
23:22
That's the basement dweller tradition.
23:24
We ring the cowbell. You got it.
23:26
Thank you, Craig Edmonds. And thank you Count Derpula for
23:30
the Super chats. Never expected always
23:32
appreciated and help support the family and the channel.
23:36
So thank you 2 keywords for you right now.
23:40
Sometimes we got to review things.
23:42
Depletion right. Every time somebody digs up an
23:45
ounce of silver or gold out of the ground, that's one less
23:48
available to dig up #2. Finite, right?
23:52
There is just if Mother Earth is creating more gold or silver, I
23:57
don't know. It's happening in very slow
23:59
process. It took billions of years for
24:03
the metal that's on this planet to be developed.
24:06
OK, so maybe, I don't know, maybe Mother Earth creates
24:09
another oz or two per year. That's just my estimate.
24:14
OK? I'm not.
24:15
I'm not. I have no scientific proof on
24:18
which to back that up. But that's the official Ron's
24:20
basement stance. The new amount of silver and
24:24
gold produced by Mother Earth comes in about 1 ounce, a little
24:28
under an ounce per year. OK, what to do?
24:31
OK, so, so here, here, think about it.
24:34
If you're ACEO of a big mining company, OK And and and you're
24:38
now you're looking out three, four years in the future, you're
24:41
in big trouble. You're in big trouble because
24:44
your pipeline is empty. You've already grabbed all the
24:47
low hanging fruit, right? You forgot to put gas in the gas
24:51
tank. There's another way to think
24:53
about it. You're getting near.
24:55
You know, you got a little under a quarter tank of gas right now.
24:58
What are you going to do? Are they going to explore for
25:02
gold on their own? OK, number one, that's
25:05
expensive. It's extremely expensive to
25:08
explore to drill for gold or silver for that matter, #2.
25:13
It's risky. There's no.
25:14
Guarantee. You could spend all that money
25:17
right up in the Golden Triangle in in British Columbia.
25:21
Or you could go to South America.
25:22
Or you could go to West Africa. It's risky.
25:27
You don't know. You could spend all that money,
25:30
right, and not know that you're going to find anything. #3 It's
25:36
time consuming. It takes years and years and
25:40
years. To to do all that drilling and
25:43
to find what gold that you're hoping to find.
25:45
So think about it, you're going to what if you're running a big
25:48
mining, This is why they aren't going to go out looking OK.
25:53
Which again will put constrain on the supply of silver and gold
25:58
and in the end will be a super guys, we're in a business with a
26:03
limited supply silver and gold. Congratulations my fellow
26:07
basement dwellers. There's only so much out there
26:11
We're going to get. We're going to get to the kicker
26:13
here in just one second. But since there's only so much
26:16
out there, if you want to get a little bit for yourself right
26:18
now, let's go check out our friends pin backs, another
26:23
official sponsor of Ron's basement Pin backs.
26:25
Okay. Online bullion dealer Silver,
26:29
Gold, Platinum if you want a one stop shop.
26:32
In my opinion, I think it's one of the best places available,
26:36
best prices, best service and I trust them.
26:39
Do your own due diligence but I think you will discover like I
26:44
did. Pimbex is best Pi, MB EX and
26:48
also first mining gold F FM. GF is the stock symbol.
26:53
If you want to get more information about them, don't
26:55
forget 13 million ounces of gold in the ground in Canada, you can
27:01
talk. To a real life human at first
27:04
mining gold and he's a heck of a great guy.
27:07
Paul Morris his e-mail address is in the description of this
27:10
and every video that I put out learn more about the company
27:14
right See if it's something that's of interest to you.
27:16
Now remember we're we're executives welcome fellow
27:21
basement dweller. We're playing.
27:23
We're going to. Be the CEO.
27:25
You're the CEO of your own house.
27:27
I'm the CEO of this basement. I don't even get the whole
27:30
house. Because Susie rules the house.
27:33
Don't forget, guys, here's a little story for you.
27:36
Now you want to know why I'm in the basement?
27:37
I'll tell you why I'm in the basement.
27:40
I bought this house before we got married.
27:43
And then we got married about a year later and Susie moved in
27:47
and she acquired half the house. Suddenly everything changed
27:53
before she moved in, right? I was sleeping on an air
27:56
mattress in the family room and she actually brought furniture
28:00
into the house, started changing everything.
28:02
I eventually had to put my foot down and I said, that's fine,
28:06
you can do whatever you want in the whole house.
28:08
But any room with a concrete floor I'm in charge of, that
28:11
would be the garage and the basement.
28:13
That's why I'm in the basement, because I ruled the basement.
28:16
She rules the house. Why did I tell?
28:18
I don't even know why I told you that story, but I had to put my
28:21
foot down at some point. Now let's let's get back to
28:25
being CE OS. You're ACEO, right?
28:28
You're the CEO of your house. That's where I went from that.
28:30
I'm the CEO of the basement anyway, right?
28:33
Think if you're the CEO of a mining company and you're
28:36
running out of gold, you're like, well, we got to find more
28:39
gold. We need to get more gold to
28:40
mine. Are you going to go exploring?
28:42
OK, remember it's expensive. It's risky because there's no
28:47
guarantee you're going to get any return on your money and it
28:51
takes years and years. It takes like 10 years from the
28:53
time they discover gold or silver in the ground to the
28:56
point where they could actually, under the best case scenario, be
29:00
mining that silver and gold. No, you're going to go and
29:05
you're going to be. You're going to try to buy a
29:06
company that already a small company.
29:08
They're called developers or, you know, companies start out as
29:12
explorers, They're exploring, and then after they find the
29:16
gold, they become developers, meaning they're developing it
29:19
from the resource they found in the ground up to the point where
29:23
maybe they're starting to get a permit.
29:25
And it takes a decade minimum for all that to occur.
29:30
OK, The big mining companies aren't going to go out exploring
29:33
on their own. They're not going to find more
29:34
supply. They're not going to add more.
29:37
No, they're just going to buy up companies that already have it.
29:40
Development companies, possibly companies like First Mining,
29:44
Gold Gold Mining Inc, Dolly Vard and Silver Silver Elephant,
29:49
Summa Silver are going to become very valuable.
29:52
Possibly, right? There's no guarantees.
29:54
I'm not giving financial advice. I'm just telling you what I kind
29:58
of see transpiring out there. But the good news for you as a
30:01
stacker of silver and gold. Is that these big companies
30:07
aren't, haven't been, and are very unlikely to go out and
30:12
spend 10s of millions of dollars trying to increase the supply of
30:18
silver and gold. They just aren't going to do it
30:20
because of those 3 aforementioned things.
30:23
It's expensive, time consuming, and risky.
30:26
OK. So the value of the silver that
30:29
you're maybe holding in your hand right now or you're looking
30:33
at or where the heck you keep it and gold?
30:36
Right isn't going anywhere. And on top of that, look at all
30:40
the other insanity going on in the world right now.
30:43
We've already covered all that. I mean, it is crazy.
30:47
We're not going to go down this path.
30:49
But would you, would you have believed this?
30:51
Go. Let's go in a little time
30:52
machine. Five years ago before Ron's
30:54
basement was really a thing. OK, thank you.
30:58
Coin shop. Chris, I missed the Super chat.
31:00
I will get to it and I am going to ring the bell.
31:02
When we get to 200 thumbs up, it's Come on, man, press that
31:05
thumbs up. It feels good to press it.
31:07
Trust me. Give it a try.
31:08
Press the thumbs up. It helps us get the word out to
31:11
more and more people. Let's get to 200 thumbs up.
31:15
We're on a time machine. Keep losing my track.
31:19
Does that happen to you as you get older?
31:21
You get off track easily. Let's all review.
31:26
We're all together. We're basement dwellers.
31:28
We're in the basement. It's five years ago.
31:33
OK? I'm trying to stay on track like
31:35
you tell me. Oh, hold on.
31:38
I'm trying to stay on track like you tell me to, and then I get
31:41
off track. That's very difficult.
31:46
No, I know. I love you.
31:47
OK, I'm going to ring the bell in a second.
31:50
Let me finish The Time Machine. And then I got to ring the bell
31:53
and then I got to find that super chat and say thank you.
31:56
Super chats are awesome. Five years ago.
31:59
What year would that be, 2018. Would you believe?
32:03
Here we are. You and I are sitting down,
32:05
We're having a cup of coffee and you're always, you know, if
32:08
you're ever in Saint Louis, look me up, we'll have a cup of
32:10
coffee. We're sitting down.
32:12
And I tell you in 2018 that we're going to have a global.
32:16
Pandemic. Whatever you want to call it.
32:18
Health crisis, C19 OK, they're going to shut the world down.
32:23
Oh, and then it gets better. the United States government, when
32:26
that happens, is going to print 40% more U.S. dollars.
32:32
Let that sink in. What does that mean?
32:35
the US government is going to print 40%.
32:39
That means for every $100 that existed, there now exists
32:44
$140.00 and we're like, hey, I wonder why we have inflation,
32:49
Jerome. Right.
32:50
They do that. And then they have the nerve to
32:52
tell us, oh, we don't think, Sir, inflation's transitory.
32:56
My God, you just printed for every $100, you printed another
33:00
40. You're going to tell me that's
33:02
not going to be inflationary? Right.
33:04
They can't print silver and gold.
33:06
Don't forget they couldn't. You know, for every 100 ounces
33:09
of gold, you can't print another 40.
33:12
For every 100 ounces of silver, you can't print another 40.
33:16
OK, this is five years ago. We're still having our cup of
33:18
coffee. I tell you about all that and
33:20
then I tell you. Then I tell you.
33:21
But it gets even better. We're going to have a full blown
33:26
war in in Europe. You'd be like what?
33:32
Yeah, like a like basically a war between the West and the
33:35
East. And that's what it is.
33:37
Let's call it what it is, right. They, some people call it a
33:40
proxy war, whatever you want to call it.
33:43
Oh, and then guess what? It gets even better because a
33:47
couple years later, we're going to have a full out war in
33:52
Israel, which is a tragedy right on both sides.
33:55
Would you believe me? I mean, come on, man.
33:59
And it's unbelievable. It's unbelievable.
34:02
OK. Oh, I got to ring the bell.
34:05
Thank you for helping me. Remember, 200 thumbs up, man.
34:09
That's a big deal. We got almost 350 basement
34:12
dwellers together on a Sunday morning.
34:14
Work, work. We're cutting through the
34:16
cheese, whatever that means. Let's ring the cowbell to
34:20
celebrate. 200 thumbs up. That is a loud bell.
34:45
My ears are ringing. Woof.
34:47
OK, all right, that's just what's going on.
34:52
OK. Big silver and gold companies
34:54
are burning through all their metals, trying to make just a
34:57
little bit of money while in the shadows, in the shadows, behind
35:02
the scenes, under the covers, the development companies are
35:06
building up resources in the ground and they're doing it on
35:10
the cheap silver and gold development companies.
35:13
These will become very valuable to the big companies in the
35:16
future. I cannot see the future.
35:21
I am not giving financial advice.
35:23
OK, but when I? You know, we like to think it's
35:27
like chess. I don't play chess, but I know
35:30
the basic, you know, like you're thinking out.
35:32
You're thinking if this happens, that you're thinking of
35:35
different variables, different things.
35:37
When I look out there, it sure looks good for the development
35:41
companies. And it sure looks good for any
35:43
company or any person, including you, who has some silver or gold
35:48
that they are holding on their person in their person.
35:53
OK, hold on here before I forget.
35:55
Oh, this is great. My friend Kevin, Kevin K this
36:00
was a few days ago, but you know the US debt clock.
36:03
Have you ever gone to that website?
36:05
It gives all these different figures about the United States
36:08
government debt, everything else.
36:10
He pointed out to me that just recently, per U.S. citizen,
36:15
anyone who's alive and has a pulse in the United States of
36:19
America, Are you ready for this? We now have over 100, excuse me,
36:25
$100,000 per person in debt. Is this, I mean, is it even?
36:33
Does it, does it even compute at this point?
36:37
I don't think it does. I think we are headed into some
36:39
very challenging, difficult times with all this debt,
36:44
everything that's been piled up in this country.
36:48
And now I did the math the other day, correct me if I'm wrong,
36:52
OK. You know the 100 billion, I
36:54
don't know if that would the the for for aid to Israel and for
36:57
aid to the Ukraine 100 billion. You know what that is per
37:01
person. I divided 100 billion by 330
37:04
million. I came up with $300.00.
37:07
Go get. 300 three $100 bills. Paper.
37:11
It's all Unicorn fart dust, right?
37:13
Do you want to give? Do you do you want somebody
37:16
knocked on your door right now and said, would you like to
37:18
donate $300 to a war? Would you do it right?
37:24
I'm not. I'm not.
37:25
I'm not taking sides. I'm not being political.
37:29
I'm not being religious. I'm not being anything.
37:31
I'm just stating a question to you.
37:35
I come knock on your door and said I'm collecting money.
37:38
Would you give? Would you go to your wallet,
37:40
pull out three $100 bills and hand it over?
37:43
Hey, Sorcerer Stan, everything's bright in the basement.
37:47
Yes, you've got that right. And I forgot another super chat
37:51
that I need to go back. So hold on here.
37:54
Hold the door. Thank you.
37:56
Sorcerer's Stan Alexander. Matcham, thank you for the Super
38:01
chat. Yes.
38:02
And I got the other two. Thank you, guys.
38:04
Hey look I'll just say this about super chats.
38:07
They're always super appreciated right.
38:11
We're we're we're we're supporting our family with the
38:14
work that we do on this channel. I will assure you that Susie and
38:17
I work extremely hard on the channel to make this possible.
38:22
So the Super chats are super helpful, right?
38:25
And we're we have twin 11 year old.
38:27
Daughters that are super expensive.
38:31
Every time I turn around, man, I tell you what it's interesting.
38:34
Jim M first mining. Yes, thank you, Jim Annie
38:38
Oakley. Annie, Jim M OK, guys, 300
38:43
dollars, Ten ounce bar at 2 rounds.
38:45
Yeah, a coin shop. Chris and I, guys, let's talk
38:49
about buying silver. OK, You want to do you want a
38:53
couple key things when you buy silver?
38:55
Number one, you want to make sure you're getting real silver
38:58
because there's a lot of fakes out there now.
39:01
OK, Am I trying to scare you something I really knew nothing
39:04
about? I'll be honest with you, up
39:06
until about a year ago, there's fake silver, there's fake gold
39:10
out there as well. So you always want to make sure
39:13
that you're buying your precious metals from a reputable source,
39:18
right? A company that knows what they
39:20
are doing or that you know what you're doing.
39:23
If you're buying it off from random people on whatever you
39:28
know, but nothing you want to make sure you're getting real
39:31
metal. OK.
39:32
It was somebody trustworthy that you're buying it from.
39:36
I don't. I to me the immediate next
39:40
priority is price, right? I mean, if I'm if I'm converting
39:45
Unicorn fart dust, paper money into metal, it's the next most
39:51
important thing is the price. Because if I can buy it for for
39:56
$30.00 an ounce or $25.00 an ounce for the exact same thing,
40:04
right? Two trustworthy sources, but one
40:08
of them is $5.00 an ounce cheaper or $3 per oz cheaper.
40:13
Why not buy it from the least expensive, knowing that I'm
40:18
getting the exact same thing? And then the money you save, you
40:22
can buy yourself more silver or go out to eat or or buy more,
40:28
whatever you're into, I don't know what you're into.
40:31
We're all into different things. Coin shop.
40:33
Chris and I did a video yesterday.
40:36
It's on the channel. You can check.
40:37
It out where he demonstrated an example where there was a three
40:41
hundred $360.00 price difference between one of the major online
40:47
bullion dealers and Pinbex. OK, I'm I guess I'm plugging
40:51
Pinbex again, but I'm just telling you a fact.
40:53
On 100 ounce Royal Canadian Mint bar, $360.00 price difference.
40:59
And with that money, yes, you could buy yourself A10 oz Bar
41:03
and three Krugerrands. You can get 13 more.
41:07
Basically free ounces of silver between the highest price and
41:11
the lowest price for the exact same.
41:14
Thing I don't know. To me it's a no brainer.
41:20
I'd I'd rather get the 100 ounce bar, the 10 ounce bar in the
41:24
three Kruger ants than just the 100 ounce bar.
41:27
So I saw that in the comments. Hello, Mary Radcliffe.
41:31
Good to see you. Mary.
41:33
Mary. Mary.
41:33
Count Garpula. Thomas.
41:35
Tubes. Pinbex is great, but also have a
41:41
relationship with a local bullion dealer.
41:43
It's important for selling back later.
41:46
That's a great, great point. Flannel capital, Absolutely.
41:50
Yeah. If you want to convert, we're
41:53
not selling. We're not selling.
41:55
OK, good. Let's, let's.
41:57
Talk about that. That's another basement dweller
41:59
basic. Let's review a basic here,
42:01
right? We don't.
42:02
We don't buy or sell precious metals.
42:06
We convert OK. We convert.
42:09
We're converting paper into real metals if, if, and I.
42:14
This is just my recommendation. If you do get a point to a point
42:17
where you want to convert some of your metal into something
42:22
else, me personally, I really doubt that I would ever convert.
42:26
Silver back into paper or digital or Unicorn fart dust,
42:31
whatever you want to call it, right.
42:33
I may convert it temporarily into that to use it to buy
42:36
another real asset like some land or a useful piece of
42:40
machinery or something along those lines.
42:42
But we we want to make sure you know that that when we when we
42:48
divest just my opinion not giving financial advice of our
42:52
of our metal. That we're using it to move into
42:55
something else that we believe could accrue in value even more.
43:00
It's all about value. It's all about value.
43:03
The price is just a number. Pat.
43:05
Pat Holland talks about nominal confusion, right?
43:09
It's just a number, especially when we're talking about
43:12
dollars. Dollars are just paper made-up
43:15
numbers. Remember, we just talked about
43:18
this during the health crisis in 2020.
43:22
For every hundred of those dollar, paper, dollar,
43:26
electronic dollars, they created 40 more additional, right?
43:31
So it's just a number, right? Metal is real.
43:35
Gold and silver are real. There's a.
43:37
Huge, huge difference there. Now trust me, I get it.
43:41
I know it's a it's. I know the battle.
43:43
I know the battle you're going through 'cause I'm going through
43:46
it too all. Right.
43:47
We want to think. I'll tell you the first thing
43:50
I'll do tomorrow morning. I do a few other things when I
43:53
wake up, believe it or not, actually read like a little
43:56
motivate. I read a little motivational
43:59
reading, and then I read a little thing from the Bible.
44:01
And I'm not religious. I'm not a.
44:03
This is not a religious channel. But my cousin and I, we read the
44:06
same thing. And then we send a text back to
44:08
each other. Anyway, the next thing I do is
44:11
I'll check the silver and gold price.
44:13
I'm guilty, right? I'll check.
44:15
What the what the conversion rate is for silver and gold in
44:20
U.S. dollars. Unicorn Barta.
44:22
So I know the battle, but the reality is the reality.
44:28
The reality I think Susie hates When I say that you want to know
44:32
the reality. I'm losing my voice.
44:34
That's one reality. The other reality is the fact
44:38
that the value of the metals is inherent in the metal.
44:42
It doesn't matter. You want to value it in in
44:45
dollars. You want to value it in oil.
44:47
You want to value it in bread, wheat, whatever you can.
44:51
You can compare the value to anything else.
44:53
The value is inherent in the metal.
44:57
Show me an electronic dollar and show me the value, right?
45:02
Yeah, you can temporarily convert it, no doubt about it.
45:07
Right? But there's no inherent value in
45:10
a piece of paper. I don't even have any down here
45:13
anymore. I sent Neil his his Las Vegas.
45:15
I used to have Las Vegas toilet papers somebody sent me, which
45:19
were dollar bills. OK, now.
45:21
Now think about this. Think about this.
45:25
Are you? Are we the only people who feel
45:26
that way about that subject? No.
45:30
There's this other really important Remember what they
45:33
taught you in grade school way back when?
45:36
There's this fundamental. Super important thing that they
45:47
taught us and it has something to do with silver and gold.
45:50
I'm going to take a quick drink of water so I don't die live
45:54
here on camera. Don't forget the thumbs up.
46:00
It feels good. No, you aren't the only one who
46:04
realizes that you aren't. I'm not the only one.
46:07
These guys called the Founding Fathers of the United States of
46:11
America, put it in the Constitution.
46:14
Yes, silver and gold is the only real forms of money.
46:18
We've had a bunch of different central banks in the history of
46:21
this country. Did you know that?
46:23
Not just the Federal Reserve. No.
46:27
They've gone through this and and and the and the sneaky
46:30
bankers always weed their insidious They weasel their way
46:33
back in. But your Founding Fathers put it
46:37
in the Constitution for you and me as protection.
46:41
And now we've got a growing chorus.
46:44
Can you hear the chorus, A growing chorus of states right,
46:48
that are passing legislation to allow their citizens to reclaim,
46:53
reclaim and rejoice, rejoice, but also reclaim their?
46:59
Right to use silver and gold as real money states like
47:02
Tennessee. States like Utah, like Idaho, I
47:06
don't know the whole list off the top of my head, but there's
47:08
like 13 of them, twelve of them now that have passed legal
47:12
tender legislation making it, making it absolutely their
47:18
citizens rights to be able to use silver and gold as real
47:22
money. So you know, let's be real about
47:26
something in the United States, right?
47:29
You. We are.
47:30
We are the the lone wolves. Don't forget every, well,
47:35
everywhere else in the world, we're mainstream.
47:38
Everybody else in the world's mainstream, everybody else in
47:40
the world also has universal health care.
47:42
But anyway, that's a different story.
47:43
Everywhere else in the world, people know the value of silver
47:47
and gold. Americans have been brainwashed.
47:50
I'm sorry, that's just the fact. Probably for about 100 years
47:53
against the value they've been most Americans.
47:57
Would take a hundred. I bet.
48:00
I I bet this would be the fact if you if you if you set out
48:03
five $100 bills and fanned them out really nicely and you had a
48:07
one ounce gold coin, I bet most Americans and you'd say you can
48:11
take either one whatever you want.
48:13
Most Americans would grab the five $100 bills.
48:17
OK, all right. But but guys that will change
48:21
over time and I think it is starting to change.
48:24
Right now, we're seeing that through things like Costco and
48:27
the other. Things that are occurring right.
48:30
That's what our it's what our. Oh, I missed another super chat.
48:33
Count Derpula. Thank you.
48:35
I need a 350 option. Yeah.
48:37
Thank you. Count derpula things will it it
48:41
it will come around. OK.
48:43
Hey, guys. Thank you for being on here.
48:45
Have a great Sunday. OK.
48:47
It's going to be interesting to see what transpires today with
48:51
everything going on in the world.
48:52
But no one thing know that you're always welcome in the
48:55
basement. You can watch another recorded
48:58
live stream if you like, and I put out videos from time to
49:01
time. I will have a new video out
49:03
tomorrow. An interesting conversation with
49:06
the CEO of Gold Mining Inc Alastair.
49:09
Still very smart guy. He worked for all the big, major
49:13
gold mining companies. Over his career, very smart
49:18
person, very nice guy as well. I tell you what, a lot of good
49:21
quality, nice people in the gold and silver industry.
49:24
Thank you so much to all the moderators, including Susie, but
49:29
also Annie Oakley, Mary Radcliffe, Jake from Jake's
49:32
custom parts coin shop. Chris, did I say Mary Radcliffe
49:35
already? Mary Radcliffe And I want to
49:38
thank everybody for being here. Thank you, Snakebite.
49:42
Hey, thank you, Jason. I love Utah as well.
49:45
Sassy, Silver, Jim M, Jim M Go check out the giveaway video
49:51
again. There's a link to it and the
49:52
description of this and I'll see you guys soon.
49:55
Thank you.