Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ⚡SILVER Price!⚡ THIS Is SHOCKING...(Gold Price Too)

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⚡SILVER Price!⚡ THIS Is SHOCKING...(Gold Price Too) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  When you look at silver, that's a diminishing asset.
• 0:03
  But by the time it hits its fundamental value, which I
• 0:06
  recently calculated out as somewhere around 2 grand, then
• 0:12
  you're not gonna want to liquidate it just into those
• 0:14
  dollars. Because at that point, everybody
• 0:17
  knows that this thing is going away and has absolutely 0 value,
• 0:25
  just like the you do. You know, I'm a trillionaire in
• 0:29
  Zimbabwe, 'cause I happen to own $100 trillion Zimbabwe note.
• 0:35
  What can I buy with that? Zero.
• 0:37
  I can't buy anything with it. Today we have the big honor to
• 0:45
  be joined by Lynette Zhang. She's beloved, respected, and
• 0:49
  probably one of the most genuine voices in the gold and silver
• 0:53
  community. Lynette, welcome to Ron's
• 0:55
  Basement. Ron, thank you so much for
• 0:58
  having me here. That was a very nice intro.
• 1:00
  Thank you. Well, I think that summed it all
• 1:02
  up because, you know, I know so many people look at you as a
• 1:07
  genuine, honest voice, really trying to help people that are
• 1:12
  protecting themselves with silver and gold.
• 1:15
  And I have to say, last time we talked, it's been probably
• 1:19
  about, I don't know, two or three months.
• 1:21
  You said something that made a huge impression on me.
• 1:25
  And honestly, I've used it over and over.
• 1:27
  I was asking you about the current situation in the world,
• 1:30
  the financial situation and how things felt or why things felt
• 1:35
  so crazy. And you said things feel crazy
• 1:38
  because we're probably near the end.
• 1:42
  Do you think we're even closer now, three months later, to the
• 1:45
  to the end? I I'm certain of it, to be
• 1:49
  honest with you. I'm absolutely certain of it,
• 1:51
  yes. Yeah.
• 1:52
  So when you look out at the financial system in general and
• 1:56
  of course you know the, the the viewer joining us today is a
• 2:00
  silver and gold enthusiast. They're looking to protect
• 2:03
  themselves, protect their family.
• 2:05
  Do you see the potential for financial crisis debt bubble
• 2:09
  bursting like like you haven't for a while?
• 2:13
  Oh, you know, to tell you the truth, what I'm seeing are a lot
• 2:18
  of the same patterns, those repeatable patterns that happen
• 2:22
  every single time we are at the end of a currencies life cycle.
• 2:28
  So do I see, you know, a crisis looming in the debt markets, in
• 2:32
  the stock markets, in the derivative markets, which is
• 2:36
  really the biggest threat of anything because it's based on
• 2:41
  what happens in this bought in the stock market, in the bond
• 2:45
  markets and in the other derivative markets.
• 2:48
  So I I do see a big crisis and I don't think we're that far away.
• 2:53
  I can't tell you exact moment, but I know that you don't want
• 2:57
  to wait. Somebody asked me the other day,
• 3:00
  can you tell me 45 minutes before this next crisis so I can
• 3:05
  rush and get my gold and silver, but it is more than gold and
• 3:10
  silver that you need because you can't eat them.
• 3:13
  Now. You can barter with them, but
• 3:16
  what you need is food, which becomes the single biggest issue
• 3:20
  for most people. I mean, look around the world
• 3:23
  and we can see that that's a fact.
• 3:25
  So it's food, water, energy, security as well as the barter
• 3:31
  ability as well as the wealth, preservation and community has
• 3:36
  arguably become. My single biggest focus is
• 3:40
  building that community and then of course shelter.
• 3:44
  And then there are subtitles. You know, beneath that, if you
• 3:48
  have a chronic illness, you better make sure that you have
• 3:53
  what you need to survive that chronic illness, whether it's a
• 3:58
  stockpile of medications or, you know, or a medicinal garden or
• 4:04
  or things like that. So yeah, I try and do a lot of
• 4:08
  things to help people be as prepared as possible.
• 4:11
  Yeah, so if the worst case scenario were to unfold, sure,
• 4:15
  it'll be really beneficial that you have some physical silver,
• 4:20
  some physical gold. But there's other major
• 4:22
  considerations that need to be accounted for as well.
• 4:27
  Oh, absolutely. You know, 100%.
• 4:30
  And, you know, it's it's kind of interesting because I've just
• 4:34
  done this stuff for myself since I knew that in 2008.
• 4:40
  I knew at that point that the system really had died.
• 4:44
  And then what did they do? They just obviously printed
• 4:47
  money to cover it up and make things look OK.
• 4:52
  But you have one too. Here you go.
• 4:54
  I love that. I have AI have a slot where you
• 4:59
  can insert a. Sorry to distract us.
• 5:03
  A. Real.
• 5:04
  A real silver coin and it makes him he gets upset.
• 5:07
  Sorry. That's perfect.
• 5:09
  He wants to get out of that box now.
• 5:11
  Odds burning him. Ah.
• 5:13
  Right. I love that.
• 5:15
  That's really good. That's good.
• 5:17
  Do you mind if I steal it You? Can have it.
• 5:19
  I'll send you one, Lynette. I'll send you your own.
• 5:22
  Your own box. Well, you know, I also have
• 5:24
  because she she she has a nicer box, but I also have our our
• 5:29
  former fed pressure in a flowered box anyway.
• 5:33
  I love that. I love that.
• 5:35
  But but it's true and I wish we could keep them in the box.
• 5:39
  And you know, historically what has kept the government
• 5:43
  officials and the central bankers in the box has been a
• 5:45
  currency backed by gold. Once we stopped then all that
• 5:50
  debt just kept feeding them to your point, you know, and and
• 5:54
  here we are today at the end of the cycle with inflation.
• 5:59
  Oh, shockingly rearing its ugly head.
• 6:02
  But I'll, I'll tell you what's evolved since the last time we
• 6:05
  talked that has me extraordinarily nervous.
• 6:09
  And that is, you know, since 2008 we had a synchronized
• 6:13
  central bank movement and recently we're seeing that
• 6:19
  decoupling and that shift. And the and the central banks
• 6:23
  particularly in the advanced economies have me nervous
• 6:27
  because you've got like Switzerland dropping rates.
• 6:32
  You've got the Fed staying put or saying they're going to raise
• 6:35
  rates. You've got the ECB saying the
• 6:38
  biggest elephant in the room is the Fed.
• 6:41
  So, you know, this creates a bigger shift on the foundation
• 6:48
  of the global monetary system than anything.
• 6:52
  Do you think there's a possibility of a misstep here?
• 6:55
  Yeah, yeah. There's probably disharmony
• 6:59
  within that group like we haven't seen because it seems
• 7:02
  like over the last twenty, 30-40 years they did everything in
• 7:05
  lockstep and now we're seeing this chaos coming on to the
• 7:12
  scene. You know, you mentioned
• 7:14
  inflation and it seems like to me that, that the market is
• 7:20
  starting to recognize that the Fed is becoming impotent in
• 7:25
  their ability to really fight inflation, right?
• 7:28
  I mean that that the Fed and do you think maybe that has to do
• 7:33
  with these massive changes around that are going on in the
• 7:36
  world? Well, you know there are a few
• 7:40
  things in there. Number one, the assumption is,
• 7:43
  is that they actually want to fight inflation.
• 7:47
  But then again, what creates that inflation, but creating so
• 7:52
  much of this to reflate, I mean this was their stated objective
• 7:58
  after 2008 to reflate the stock market and the real estate
• 8:04
  market And and and I think it's really because of all of those
• 8:09
  big bets that are placed on top of it, including the bond
• 8:13
  market, the credit markets. And and this is really critical
• 8:18
  because we're coming into this debt wall and and that's not
• 8:22
  something that's in the future, that's something that's
• 8:25
  happening right now. But the difference is, is all of
• 8:29
  that debt that they accumulated at 0% interest, which was
• 8:33
  really, if they were really trying to fight this, that was
• 8:38
  really about getting corporations the ability to take
• 8:42
  higher yields that they were having to pay debt on and
• 8:46
  reducing them to lower yields. And instead what they did was
• 8:50
  they created even more debt. And we have all of these zombie
• 8:55
  companies, which are corporations that have not had
• 8:59
  the ability to pay from their cash flow or their earnings, all
• 9:04
  of the interest on that debt. Forget about principal.
• 9:08
  And up to this point, banks have been willing to loan them more
• 9:12
  money because they didn't want it to show on their books.
• 9:17
  But now that even seems to be overwhelming their ability to
• 9:21
  hide that, especially with with what's happening in, let's say,
• 9:26
  the commercial real estate market.
• 9:28
  Right, so, so we've got a a massive amount of government
• 9:33
  debt. We have a massive amount of
• 9:35
  corporate debt which many times that debt was taken out by
• 9:38
  corporations to buy back their own stock to choose earnings,
• 9:42
  but they still. And send that money out of the
• 9:44
  corporations. Yeah, yeah.
• 9:46
  So but they but they still, yeah they still have all that debt.
• 9:49
  So we have government debt, corporate debt and consumer debt
• 9:53
  all it like all time highs, right.
• 9:56
  And it and it does, it can't absorb interest rates much
• 10:00
  higher than where they are now. So when I talk about the Fed
• 10:03
  being impotent against fighting inflation at the same time,
• 10:08
  correct me if I'm wrong, We have the world just at a time when
• 10:11
  the United States on a government corporate level needs
• 10:15
  the world to to to want to buy our debt.
• 10:17
  The world is saying whoa, no thanks.
• 10:20
  You know, we know how to work a calculator.
• 10:22
  We're not real interested in taking on your debt.
• 10:25
  It seems like we could be heading into a a rather
• 10:28
  precarious situation. If you're looking to buy gold,
• 10:31
  silver, or platinum, do yourself a favor and check out Pimbex,
• 10:36
  the online precious metals bullion dealer and sponsor of
• 10:40
  Ron's Basement. I was a happy customer before
• 10:43
  they offered to support the channel.
• 10:46
  You'll find they have the best prices, quality, and service.
• 10:50
  I think Pimbex is best and you will too.
• 10:53
  And be sure to tell him that you're from Ron's basement.
• 10:56
  I don't think we're heading into it, Ron.
• 10:59
  Already there. I think that the, the, the
• 11:02
  foundation has been shifting for a while and you can stay in
• 11:06
  these debt markets and and I mean all you have to do is look
• 11:10
  at the debt, go to the Fred, the Federal Reserve Education
• 11:14
  Department. So go to the Fred and look at
• 11:18
  look at the debt, whether it's corporate or government or
• 11:22
  individual. And what you will easily see and
• 11:26
  they have there are these Gray bars that are in these charts
• 11:29
  that represent official recessions, which they get to
• 11:32
  name. This is a recession or not.
• 11:35
  However, what you'll see very clearly is the response to every
• 11:42
  deflationary period was a lot more debt.
• 11:45
  That's how they grew it, right. So and we what we've also seen
• 11:50
  is all of the debt and the new money printing that they've done
• 11:53
  since 2008 when they first came out with quantitative easing, it
• 11:58
  had a much better, bigger impact on that 800 billion than it does
• 12:04
  now on the trillions and trillions.
• 12:06
  It's just pushing on a string. So and the Fed control
• 12:11
  inflation. No.
• 12:13
  And and and fighting inflation is garbage because their job is
• 12:17
  really about managing the rate of inflation and they do that
• 12:24
  with interest rates. That's how they do that.
• 12:28
  And they were anchored for 15 years at Zerp 0 interest rate
• 12:32
  policy, which grew that debt exponentially.
• 12:37
  And then all of a sudden, magically, who could have known
• 12:40
  this? They had this debt bubble that
• 12:43
  actually has already popped. This is not something we're
• 12:47
  waiting for. It's just something that I'm
• 12:51
  waiting for the public to recognize.
• 12:54
  And by the time the public recognizes it, I got news for
• 12:58
  you. It's too late to do anything
• 13:00
  about it. Yeah, yeah, yeah, yeah.
• 13:03
  You know, if you look you, you keep referring back to 2008 and
• 13:06
  I did a little research a few months back.
• 13:10
  I remember being here in my basement during the great
• 13:12
  financial crisis with CNBC on and seeing the S&P 500 hit 666
• 13:19
  'cause. That number's obviously stuck in
• 13:21
  my mind today. I think the S&P 500 from that
• 13:25
  point is up 700%, OK. Silver, just for example, is up
• 13:31
  maybe 50% from there, OK. So the S&P 500 because of all
• 13:37
  the money printing, because of all the credit expansion has
• 13:40
  gone through the roof. And I heard somebody say that
• 13:43
  you know like to zoom in on silver, when you just look at
• 13:46
  the fundamental story, supply, demand dynamics and silver right
• 13:50
  now that's enticing. But when you consider that it
• 13:54
  hasn't even come close to catching up to all the credit
• 13:57
  expansion or another way to say that as far as I understand
• 14:00
  would be money printing the the opportunity, you know it, it
• 14:05
  becomes clear that it really is the most undervalued asset on
• 14:09
  the face of the earth. There, there's no doubt about
• 14:12
  it, but you know with the with derivatives which is derived
• 14:17
  from something, whether it's interest rates or in this case
• 14:20
  we're talking about silver or gold.
• 14:23
  Either way they can create as much of this that does not nor
• 14:28
  ever will exist regardless of the demand because a rising gold
• 14:35
  price, since it's the primary currency metal, is an indication
• 14:39
  of a failing government based money.
• 14:43
  Now once you get that, you make different choices, right?
• 14:49
  I mean it is simple and you know to think about both gold and
• 14:53
  silver. I I do want to say this because
• 14:56
  it's something that people bring up consistently, which is the
• 15:00
  gold to silver ratio which originally it was.
• 15:04
  Here's this is a this is a $1.00 gold coin.
• 15:07
  It's a 20th of an ounce of gold. Can you kind of, can you kind of
• 15:11
  see the difference? Yes.
• 15:14
  So at one point all three of these were equivalent and you
• 15:20
  could buy 11 loaves of bread with any one of them.
• 15:24
  Well, you can still buy your 11 loaves with this.
• 15:27
  I mean, what do you get with this?
• 15:28
  I mean, maybe a slice, if you're lucky, you can get 11 loaves
• 15:34
  with this. You can get 335 loaves with this
• 15:37
  or something like that, right? So both gold and silver are the
• 15:43
  most undervalued assets, gold as the primary currency, metal
• 15:49
  because I've done a lot of these studies on what happens to gold
• 15:52
  and silver through these currency transitions.
• 15:56
  And for a while, yes, you're gonna see that that spread
• 15:59
  between gold and silver narrow. But at the end of the day,
• 16:03
  because gold is what they revalue the currencies against,
• 16:08
  that spread then goes narrow. So I suggest for everybody, what
• 16:13
  I personally look at first is not the spot markets.
• 16:16
  I know that's a fairy tale. I know that.
• 16:20
  I look at what the true fundamental value is.
• 16:24
  And you should do that with any asset or instrument because
• 16:27
  frankly that's the only way that you can possibly know if
• 16:31
  something is undervalued, fairly valued or overvalued.
• 16:36
  Therefore, do I want to buy it, Do I want to hold it, do I want
• 16:39
  to liquidate it? And I would say and it it just
• 16:42
  works like a Figure 8 when you're looking at tangible
• 16:46
  assets, right? They don't disappear because
• 16:50
  they're used in every single sector of the global markets
• 16:54
  from manufacturing to the monetary system to jewelry to to
• 16:59
  space travel, to solar to on and on and on and on and on, right.
• 17:05
  They have the broadest base of functionality, the broadest base
• 17:10
  of demand. And so when you look at silver,
• 17:14
  that's a diminishing asset. But by the time it hits its
• 17:17
  fundamental value, which I recently calculated out as
• 17:21
  somewhere around 2 grand, then you're not going to want to
• 17:25
  liquidate it just into those dollars.
• 17:28
  Because at that point, everybody knows that this thing is going
• 17:33
  away and has absolutely 0 value, just like the you do.
• 17:39
  You know, I'm a trillionaire in Zimbabwe, 'cause I happen to own
• 17:43
  $100 trillion Zimbabwe note. What can I buy with that zero?
• 17:50
  I can't buy anything with it. You know what's super
• 17:53
  interesting, Lynette, is that you did you just say that you
• 17:56
  kind of roughly calculated the value of silver at $2000 per oz.
• 18:00
  OK, I just did a live. I just did a live stream.
• 18:03
  I just did a finished a live stream this morning where my
• 18:05
  thumbnail was $2000 silver. And what's interesting the way I
• 18:11
  calculated it and probably a much different way than you did,
• 18:14
  was if you look at the 1980 high in silver, which was I think I
• 18:20
  heard Mike Maloney said was actually 5250 it hit and then on
• 18:24
  an intraday high. Yeah, and if you look at the Dow
• 18:27
  Jones Industrial Average in 1980, it averaged around 1000.
• 18:32
  Today the Dow's above 38,000. The Dow has gone up 38 times
• 18:38
  since 1980 because of credit expansion because of money
• 18:41
  printing. If you if you multiply 5250 *
• 18:45
  38, you get $1995. So I lied by $5.00 but
• 18:51
  nonetheless you get $2000 silver.
• 18:53
  I mean there's a lot of different ways in real terms to
• 18:57
  calculate. I have another question for you
• 18:59
  because I know we're we're limited on time.
• 19:00
  Here is our viewer and and I'll include myself in this as well.
• 19:06
  We're so trained to think about the price of gold, the the value
• 19:11
  of gold, it's not the value but we think it is the value of
• 19:15
  silver in U.S. dollar terms. How important is it for people
• 19:19
  to think of the value of their metals in terms of Oz?
• 19:24
  And I think you touched on this and I think Rafi Farber put out
• 19:27
  a piece the other day that I really turned on some light
• 19:30
  bulbs for me that like we really need to compare gold and silver
• 19:35
  to other commodities, like how many gallons of gas can I get
• 19:38
  right now for an ounce of silver, maybe 10, right.
• 19:41
  And and I think I heard you saying this, it it that if we
• 19:44
  have this window of opportunity where maybe everybody's rushing
• 19:48
  into silver and I can buy 100 or 200 oz or 200 gallons of gas,
• 19:55
  that those are the times when maybe it makes sense to convert
• 19:58
  some of our metal into other real assets.
• 20:01
  Does that Does that make? Sense there will come that time
• 20:05
  and let me kind of back up and and also tell you how I
• 20:10
  calculate and why I do this. The fundamental value and that
• 20:15
  is because gold is money and so is silver but gold is the
• 20:20
  primary currency metal. So what you're really doing is
• 20:23
  comparing this how much of this versus how much of this.
• 20:30
  This is a debt instrument that is how money is created in the
• 20:34
  system. So just to make your life easy,
• 20:37
  use the debt clock makes it easy.
• 20:40
  You don't have to go 1000 places to figure it out.
• 20:43
  Though if you really want to be completely accurate, you do have
• 20:45
  to go about 1000 places to figure it out because they don't
• 20:49
  want you to know it. But let's make life easy, just
• 20:52
  take the level of debt and since it it's kind of like what you do
• 20:58
  is you divide this, the level of debt by all the ounces of gold
• 21:03
  that exists in the whole entire world, whether it's in the
• 21:07
  ground or above the ground, because gold is indestructible.
• 21:12
  That's why it's the one of the reasons why it's a primary
• 21:15
  currency, metal versus silver, which does get destroyed in
• 21:19
  manufacturing, right. So you simply divide all the
• 21:22
  debt by all the gold and that gives you somewhere in the
• 21:26
  vicinity right now of $41,000 an ounce and then going back to the
• 21:32
  original gold to silver ratio, 20th of an ounce to an ounce of
• 21:37
  silver that's at a 20 to one ratio.
• 21:40
  So it's not really so much of A guesstimate because what happens
• 21:46
  when they do those overnight revaluations, they take
• 21:50
  something that is all intrinsic value used in every single
• 21:54
  sector of the global economy. That's why it has intrinsic
• 21:57
  value. And they take this garbage that
• 22:02
  has no intrinsic value, is only used in one place as a tool of
• 22:08
  barter in the financial system. And they revalue this against
• 22:12
  that. Now what?
• 22:14
  We don't know. And then.
• 22:16
  And then gold begins to go to its fundamental value.
• 22:19
  And then silver as the secondary monetary metal also follows
• 22:24
  suit, right. And because it's so severely
• 22:27
  undervalued, but it also straddles both worlds, the
• 22:30
  financial world as well as the industrial world.
• 22:34
  You know again you're going to see that gap narrow, but then
• 22:37
  you're going to see it widen again as we get closer to this
• 22:41
  old night revaluation. So what we don't know and we
• 22:47
  will not know until it actually happens that 2000, that 41,000
• 22:53
  is based on a one to one. They convert it to cover all of
• 22:58
  the money that's out there. That is typically not what's
• 23:02
  going to happen, particularly the first go around.
• 23:06
  I am watching Zimbabwe very, very, very closely because and I
• 23:12
  suggest everybody pay attention to what's happening in Zimbabwe
• 23:17
  because what they're attempting to do is what happens 100% of
• 23:20
  the time, which is to regain public confidence using gold.
• 23:26
  So what about a year and a half ago?
• 23:29
  And their currency that they they now recently put out the
• 23:33
  6th iteration of a new currency in Zimbabwe.
• 23:38
  Right. So first, about a year and a
• 23:41
  half ago they brought out one ounce gold coin so people could
• 23:45
  protect their purchasing power. Of course, who in Zimbabwe can
• 23:50
  afford an ounce of gold, but the elites, right?
• 23:53
  The public is destroyed. The public has lost all
• 23:56
  confidence, but now the elites had the ability to protect their
• 23:59
  purchasing power. Then for the public, what did
• 24:04
  they do? They came out with a gold backed
• 24:08
  CBD C, central bank, digital currency, but nobody.
• 24:14
  The public does not believe the government, so they're having
• 24:20
  they're having a real hard time with adoption.
• 24:23
  So recently April 8th, I believe it was, they came out with a
• 24:28
  brand new currency which is a basket of currencies similar to
• 24:34
  the IMSSDR with a component of gold in it.
• 24:39
  But I haven't pulled up to look because I have not been able to
• 24:43
  find. And I I'm on the Zimbabwe
• 24:46
  Central Bank website, so I'm I'm trying to see if I can discover
• 24:50
  when they're going to announce it there.
• 24:52
  So I cannot find which currencies, what that percentage
• 24:56
  is, what the percentage of gold is.
• 24:58
  I can't find anything about it. And The funny thing is not so
• 25:03
  funny. But the public still does not
• 25:07
  trust it will not take. It's called the Zig.
• 25:10
  Zig will not take it, and even some of their own government
• 25:15
  agencies will not accept the new currency.
• 25:20
  You think they're doing something wrong.
• 25:22
  Yeah, sounds like it. Absolutely, absolutely.
• 25:26
  The, you know, when you were talking earlier about the way
• 25:29
  you calculated this potential $2000 price for silver and you
• 25:34
  were talking about all the debt in the world alone, right,
• 25:37
  accounting for that revaluation. And what I was thinking was
• 25:42
  we're not even considering the derivatives, right, on top of
• 25:46
  that. Yeah, I mean. 100%.
• 25:49
  Yeah. I mean the derivative market I
• 25:52
  did a calculation at was a three quadrillion that if just 1% of
• 25:57
  that dropped out, it would be like, I think it would be like,
• 26:00
  I don't know, $30 trillion or something.
• 26:03
  That's unbelievable. I know we're, we're stretched
• 26:05
  for time. The last question I have for you
• 26:07
  and then I want to show everyone your YouTube channel and your
• 26:10
  new website where they can go for that is the fact that we
• 26:14
  talked, We kind of started this conversation about being
• 26:17
  prepared and I want to get quickly your comments on, you
• 26:21
  know if things do get hairy or when they get hairy.
• 26:26
  The fact that with technology now and we've seen this during
• 26:31
  the the the little banking big banking crisis 14 months ago.
• 26:35
  We saw it during the Silver squeeze that happened few years
• 26:39
  back that with technology people need to realize gold and silver
• 26:43
  inventories available to retail investors can get wiped out
• 26:48
  quite literally in hours. And and the people need to be,
• 26:52
  you know, if you think it's something that maybe it's a good
• 26:55
  idea to get it sooner as opposed to later, because Lynette cannot
• 26:59
  give you a 45 minute warning as to when this will happen.
• 27:03
  I can't even give myself a 45 minute warning.
• 27:06
  Yeah, exactly. That is a really good point,
• 27:09
  Ron, because remember, anything physical there is a finite
• 27:15
  amount of it. Period.
• 27:16
  End of discussion. So you need two things that I
• 27:20
  was able to put in My Portfolio 20 years ago.
• 27:23
  I can't get them today and I certainly can't get them at the
• 27:26
  same price that I paid. You know, and people will look
• 27:29
  and say, well look at gold, it's, you know, near all time
• 27:32
  highs. No, it really isn't.
• 27:34
  If you want to see the truth about the market, you have to
• 27:37
  understand that the spot markets are created to to create
• 27:42
  perception management keep you away from these metals but in
• 27:48
  the physical only market. So this market that is physical
• 27:52
  only which is gold. This happens to be, you know, a
• 27:56
  mint state meaning never been in circulation 63 gold coin.
• 28:01
  This is a physical only market. This broke out way before the
• 28:07
  Spot gold market broke out, right?
• 28:10
  Because it's this is a true supply and demand market.
• 28:14
  You're never gonna, you're never gonna get good price discovery
• 28:17
  from Wall Street. That is not their job.
• 28:20
  No. No.
• 28:22
  So for our viewers who want to hear more from Lynette, I wanna
• 28:26
  bring everyone out to your YouTube channel, which is newer
• 28:30
  and growing like crazy and it yeah, you can go here, Zach, I
• 28:34
  mean. I I'm blown away by the response
• 28:39
  that that I've gotten on the on the web, on the YouTube channel,
• 28:44
  on the website. I mean it.
• 28:46
  It's pretty darn amazing. Yeah, yeah.
• 28:49
  And you have some great guests. Gregory Mannarino, Johnny Bravo.
• 28:53
  So you can go check out Lynette on the YouTube channel.
• 28:56
  And I'm gonna switch over here. I'll let you talk about your
• 29:00
  about your upcoming website. Yes, the countdown clock.
• 29:04
  It will be you can, you can go to the channel and we will be
• 29:09
  open for business. Less than a week away.
• 29:14
  We have been working furiously, furiously to get everything set
• 29:19
  up and then we'll continue to grow it and expand it, 'cause we
• 29:23
  haven't really had that much time.
• 29:25
  But fortunately I have the most incredible community team around
• 29:33
  me of the highest quality people and we all care and we all
• 29:39
  realize who we really work for which are the viewers.
• 29:42
  So we we do a lot of things and we'll continue to to do a lot of
• 29:47
  things to support their efforts. But, and I do want to say that
• 29:52
  and I I mentioned it briefly, but community has become the
• 29:56
  single biggest issue that I'm promoting locally because we are
• 30:01
  running out of time and you need all those other elements.
• 30:05
  You need security in all of these food, water, energy,
• 30:10
  security itself, barter ability, wealth preservation, community
• 30:18
  and shelter and community locally.
• 30:21
  Go to your locals, farmers market, get to know who grows
• 30:24
  your food, go to your community gardens and participate.
• 30:27
  Find like minded people because there is power in there and
• 30:32
  because we're running out of time.
• 30:34
  And I've been building my urban farm and now my bug out farm,
• 30:39
  but the urban farm since 2010 because I knew that food becomes
• 30:45
  the single biggest issue. So I have an incredible team of
• 30:50
  support that that is really here to help us all be there.
• 30:56
  But you know maybe you don't have, maybe you you have silver
• 31:00
  and I and I have gold and you know how to lay irrigation and
• 31:05
  and I know how to build a chicken coop or whatever.
• 31:08
  But community comes together bringing what they have to share
• 31:13
  skills and or assets and then we can weather the storm together
• 31:19
  locally but globally because it should be pretty obvious to the
• 31:24
  world that they are driving us while they talk about all of
• 31:28
  that deglobalization, the monetary system is headed into a
• 31:33
  one world currency and one world controlled system.
• 31:38
  I believe it will be the IMF, CBDC based on the SDR and
• 31:45
  because they're talking about having a global currency and it
• 31:49
  makes sense, it's a basket of currencies.
• 31:51
  They can put every currency on the planet on there so that you
• 31:55
  have one overarching currency that is ruled by non elected
• 32:01
  officials, treasury secretaries and central bank chiefs and then
• 32:06
  it just translates into the local currency.
• 32:09
  So the US dollar will still be called the dollar.
• 32:13
  So people will think nothing has changed, when in reality
• 32:18
  everything has changed. So, I believe so, so, so, so
• 32:23
  strongly that we must come together in a global community,
• 32:28
  create a quiet, peaceful revolution simply by buying
• 32:33
  silver and gold and taking your wealth out of their system.
• 32:39
  And then they will have no choice.
• 32:41
  If there's enough of us there will.
• 32:43
  They will have no choice but to give us a seat at the table at
• 32:48
  the new iteration of the currency right out of the chute.
• 32:52
  And I'm not saying it'd be 100% gold back, although they could
• 32:56
  do it because there's a finite amount of gold and it's
• 32:58
  indestructible. But I am saying that at least it
• 33:03
  will be more stable and you can have more privacy.
• 33:09
  And less war. War, right?
• 33:13
  Hey, on behalf of the Ron's basement community, I want to
• 33:17
  say thank you Lynette. You've proven to us.
• 33:19
  I started out by saying your beloved, respected and genuine.
• 33:24
  We're going to be watching your continued success on YouTube and
• 33:28
  with your website. I'll encourage all of our
• 33:31
  viewers to to go out and check out the YouTube channel and
• 33:35
  we're going to be real interested when that that
• 33:38
  countdown timer gets to 45 minutes, we'll be we'll be there
• 33:43
  cheering, Yeah, yeah, no cheering you along.
• 33:46
  My biggest, my biggest fear is that we will be flooded and
• 33:51
  we're all just gonna pedal as quickly as we can so that, you
• 33:55
  know, we talk to everybody that wants to talk to us and we help
• 33:58
  everybody that we can help on on so many levels.
• 34:02
  And you know, I do these, Ron, because now we're all part of
• 34:06
  the same community, aren't we? Yep.
• 34:09
  Yeah, we are. We really are.
• 34:11
  I mean I know from getting to know the people that are active
• 34:14
  in my channel, my community and and from getting to know you and
• 34:18
  other and other people that we really are part of the same
• 34:21
  community and together we can we can help each other.
• 34:26
  So, well, I I hope to have you back in the basement again soon
• 34:31
  and if you need anything from me, please feel free to reach
• 34:34
  out anytime. Thank you so much.
• 34:37
  And vice versa, there's anything that I can do for you?
• 34:40
  Certainly I will come back on again and if there's anything
• 34:44
  that we here, I have a lot of talent around me.
• 34:47
  Any way that we can help, we're happy to do that.
• 34:49
  That's our job. We're here to be of service.
• 34:52
  Sounds great. Thanks, Lynette.
• 34:54
  Thank you. First, Mining Gold is a
• 34:57
  development company advancing two of the largest gold projects
• 35:01
  in Canada, Spring Pole in Ontario and Duparque, located in
• 35:06
  Quebec. Each already has five. 1,000,000
• 35:09
  ounces of gold reserves. But.
• 35:12
  Exploration initiatives are underway at both projects to
• 35:15
  find even more gold. First, mining is well financed,
• 35:20
  has zero debt and owns an interest in four additional
• 35:24
  Canadian Gold development projects.