Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🚨 INDIAN Demand To DEVOUR all the World's SILVER 🚨

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🚨 INDIAN Demand To DEVOUR all the World's SILVER 🚨 · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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  2 trillion ounces of silver. Let me remind you, one trillion
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  is 1,000,000 * 1,000,000. That comes from ourfriend.com.
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  Don, who set up the basement.com website, make sure you go check
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  that out and register there. But 2 trillion ounces of silver,
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  are you kidding me? Right?
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  It is incredible. I'm going to touch on that.
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  And why India alone? India alone could be the future
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  for silver and gold, 2 trillion ounces of silver.
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  Let me just put that into perspective.
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  That is 2000 years worth of current mining production.
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  We produce about a billion ounces of silver per year. 2
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  trillion oz would take, oh, just 2000 years.
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  But we also know that the amount of silver being mined every year
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  is going down. But what am I talking about with
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  this 2 trillion ounces of silver and India?
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  Let me tell you something. Do you have a grandma and a
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  grandpa? Yes, you do.
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  Anyone who's living, that's one thing we have in common.
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  We all have a grandma and a grandpa.
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  Probably not the same person, but you never know.
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  We might have the same great, great, great, great, great,
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  great, great grandpa, you know, because that's the way family
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  trees work. But you have a grandma and a
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  grandpa. You're watching me some from
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  somewhere in the Western world. It's very unlikely.
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  It's exceptional if your grandma or grandpa ever said anything to
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  you about silver and gold. My grandpa, he's dead.
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  But I was really close to him. He read the Wall Street Journal
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  every day. He was a millionaire when he
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  died. I spent a lot of time with him
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  and probably his last five or six years, he never once
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  mentioned anything to me about silver and gold.
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  I had to discover this on my own, like a lot of you basement
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  dwellers. But there's something about
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  India that's unique. Let me read this to you, OK?
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  This came from one of our subscribers in India and this is
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  what he said, he said in India, and I love India, our
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  grandparents say that you must own silver worth your body
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  weight and gold worth yourself worth and self respect.
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  Silver and gold are ingrained into the Indian culture.
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  We're going to go dive, we're going to dive deeper into this
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  guys, because this is big something, big, big picture we
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  need to consider when we invest our hard earned Fiat Unicorn
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  fart des money into real money, silver and gold.
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  But in India, the grandparents tell their grandchildren, let's
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  examine this a little more, that they should own silver equal to
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  their body weight. So I couldn't resist having a
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  little fun basement dwellers and doing a little math because as
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  you probably know, I brag all the time.
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  I have a degree in accounting, so supposedly I know how to work
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  a calculator. Well, here's the math.
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  There's 1.4 billion people in India.
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  If you just say on average they weigh 100 lbs, you come up with
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  £140 billion of people in India. If you convert that to Troy oz
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  £140 billion * 14.58, you come up with almost exactly 2
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  trillion ounces of silver. And that's what the grandparents
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  recommend in India, that everyone own as much silver as
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  their body weighs 2 trillion ounces of silver.
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  Like I said at the beginning, that is an unfathomable.
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  I can never say that word, but I keep trying.
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  Unfathomable number of silver, 2 trillion ounces of silver.
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  At current mine production would take 2000 years to get out of
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  the ground. Now why is that a big deal?
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  I'll tell you why that's a big deal.
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  I don't think that everybody in India is walking around with
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  their body weight in silver. We'd like to thank our sponsor,
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  First Mining Gold. They're a Canadian gold
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  developer with two world class projects in Canada.
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  They also have a handful of other projects.
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  When you total up all the gold in their resources, it comes to
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  over 12 million oz. They're worth checking out.
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  I'll put a link to the company's website in the description
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  below. Do you own as much silver as
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  your body weight? A lot of you do.
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  I know. OK, if that were the case in
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  India, but why? Why is that a big deal?
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  Because remember, last year India imported over 300 million
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  ounces of silver, almost 35% of the world's silver production.
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  OK. But what's even more interesting
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  about India is when you consider that they are a growing
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  advancing country. Do you know any Indian people?
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  I know a lot of Indian people. They're all very smart, very
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  hard working, right? Like they I don't want to put
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  any of us down. But they will work their tails
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  off, whether they're a doctor, not many lawyers, doesn't seem
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  like, but a lot of them are doctors or computer programmers.
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  I used to be in that business. I ran a business.
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  I own my own business dealing with IT consultants and IT
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  managers. I dealt with a lot of Indian
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  people. They are smart, OK?
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  They are motivated. Why is that a big deal?
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  Because there's 1.4 billion of them and the people in India are
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  hungry and their economy is growing.
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  Their middle class, I saw a statistic last night, is growing
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  at an alarming rate. Our middle class.
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  For some reason, even though Bidenomics is working, our
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  middle class seems to be shrinking here in the United
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  States. If you're a truck driver who
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  used to make a middle class income two years ago, there's a
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  good chance you're not making a middle class income anymore.
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  In India. Everybody's doing better and
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  better and better. Oh, and their middle class is
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  expanding. Oh, also, they love gold and
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  silver. Guys, this is a big picture
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  thing, but this is a one of the situations going on in the world
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  right now. We know the other story about
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  silver. We know that solar use is
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  expanding. We know that electronics, and we
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  know that the AI revolution, artificial intelligence is going
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  to require an abundant more amount of silver.
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  But have we considered that in India, where people are getting
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  wealthier and wealthier and people have a strong
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  inclination? Generational right.
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  We learn from our parents and our grandparents in America.
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  In the West, our our parents and my mom and dad are clueless
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  about gold and silver. My grandpa was clueless.
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  They were brainwashed against silver and gold, to the chagrin,
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  if that's the right word, of our founding fathers who all just
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  happened to put it in the United States Constitution.
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  But in places like India, oh, and China and Russia and the
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  Middle East, it's a completely different situation.
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  Children are taught the value of silver and gold.
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  I've asked some of Evie and Lily's friends who are Indian,
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  do you, do you know anything about silver and gold?
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  These are 1011 year old kids and they're like, Oh yeah, I get it
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  for my birthday. I get, I get it for holidays.
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  And it's how, you know, it's basically how we preserve
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  wealthy. The Indian culture gets it and
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  the big, big deal is how much more wealthy they are becoming,
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  powerful they are becoming. This is not the world of your
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  parents. The world is changing.
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  And the BRICS countries, right, And who are?
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  What's the ick? What's the ick in BRICS the IC
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  India and China are becoming more and more powerful.
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  And guys, we can't emphasize this enough, they're all
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  they're, they're complete opposite to what we have in the
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  United States where they actually love and appreciate.
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  And they're smart. And they know that silver and
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  gold are real money. Think about this one.
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  Remember the Chinese? The golden beans?
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  That's the new craze in China. The young people are buying 1G
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  gold beans. Look it up for yourself.
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  It's happening. And some people did math on
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  this, Like if just 10% of the Chinese population were to buy
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  one of these 1G gold beans per month, it like wipes out the
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  entire gold production for the year.
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  The world is moving towards silver and gold.
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  What's the world wanting to buy right now, right?
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  What are the actions of the most sophisticated financial
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  institutions in the world? The world central banks continue
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  to buy gold at a record pace. Guys, they haven't bought this
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  much gold. They didn't buy this much gold
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  when the world was officially still on the gold standard.
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  I mean, hello. Aren't all the clues there about
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  what's going on right now? It's a very, very interesting
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  time. If you want to get your hands on
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  some silver or gold right now, go to Pinbex.
• 9:30
  They make this video possible. Pi MB E xpinbex.com.
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  They are an online bullion dealer.
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  Thank you Pinbex for sponsoring Ron's basement.
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  Thank you for being here. I'm talking to you now.
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  Yes, you. It's a big deal.
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  You're here. Please leave a comment in the
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  comment section. We want to hear from you.
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  We want to learn from you. You don't have to agree with me.
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  Trust me. I don't agree with myself half
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  the time and Susie 75% of the time.
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  Meaning she doesn't always agree with me.
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  We've got a new forum at www.ronsbasement.com where you
• 10:06
  can register 24 hours a day. You can leave your thoughts over
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  there as well, right? That's what we are as a
• 10:13
  community. We can learn from each other.
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  So I hope you feel like you found a new home.
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  I hope you feel like you can join us in the basement, because
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  you can. Everybody's welcome here, so
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  thank you for being here.