Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ⚡SILVER Price!⚡ THIS Is SHOCKING...(Gold Price Too) - CHINA News! ⛩️

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⚡SILVER Price!⚡ THIS Is SHOCKING...(Gold Price Too) - CHINA News! ⛩️ · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:01
Big moves in the silver market. We are moving through a historic
0:04
time, Big reasons why we want to keep a close eye on what's going
0:09
on in China. They are dictating the future of
0:13
the silver price and we got a lot to cover when it comes to
0:17
China today. But what about $200 silver?
0:20
What about $700.00 per oz silver?
0:25
Is that where the price should be right now?
0:27
There's some analysts that are saying this and we've got a
0:30
really cool example that shows us from a historic basis, we
0:35
should or could very likely be at $700.00 silver right now.
0:40
One thing I do know for sure, thank you for joining me down
0:43
here in the basement. It's a big honor when you come
0:46
down here and are part of this community.
0:49
Please subscribe to the channel. That way, every time we do an
0:53
update, you'll get alerted. We're going to stay on top of
0:56
what's happening in the silver and gold sector.
0:58
We're going to do it together because you're going to give
1:00
this a thumbs up. You're going to press that bell
1:03
notification. Most important, really
1:05
seriously, we want you to come back.
1:07
This is just a cold, dark, dank basement.
1:10
Without you, the silver price is down today.
1:13
We're going to talk about that. The reason why we're getting
1:16
this volatility on a short term basis.
1:19
And then we got to zoom out and talk about China because it's
1:22
fascinating, but it's all about the dollar right now, guys.
1:26
The dollar index is dictating the silver overpriced.
1:31
Yesterday we had a rather large downdraft in.
1:35
Let me pull up a five day chart. This is the DXY index.
1:39
This measures the US dollar against the number of other
1:42
cruddy Fiat currencies. Let me see if I can get the no,
1:46
I don't want to subscribe. Hold on here.
1:50
OK? As you can see, this is a 5 day
1:52
chart. The dollar has been going down.
1:55
That is providing support to the gold and silver price, but on a
1:59
short term basis. And there's a big reason why we
2:03
want to look at the DXY index on a long term basis, because it
2:07
gives us massive reason to be optimistic about where we could
2:12
go. Let's go out here and look at
2:14
this on a long term basis. And I want to Draw Something for
2:19
you, boy. The web is not cooperating
2:22
today. I don't.
2:24
Here we go. All right, here we go.
2:28
Hold on. As you can see, this is where we
2:31
are right now in the DXY index around 100, little below 100.
2:36
But if we draw a line on this chart right there at the 100
2:41
level, you can see that many times in the past we've gone
2:45
significantly below 100. Here's 75.
2:50
As you can see, we hit 75 at this time frame.
2:53
We hit it again in this time frame as well.
2:57
What happened and the reason why this is so important is that
3:01
between about 2001, which is right there in 2011, the DXY
3:07
index is you can clearly see on this chart went down.
3:10
But also the most important thing I'm a look you in the eye
3:14
when we say this, right? Because look guys, hold on here.
3:18
We got a long way down that we could go from where we are down
3:22
to 75, which has happened many times.
3:25
We were even down probably around 80 back here.
3:27
What happened though during this time period right here from 1:00
3:33
to 2011 now I'm going to look you in the eye is the price of
3:38
silver went from below $5 per oz all the way to $50 per oz.
3:44
And guess what? That was a speculative futures
3:48
driven paper type rally. This time things really are
3:52
different. One of those big things that is
3:54
different is China and we got a China is ruling the roost.
4:00
Some people claim when it comes to the world economy, we're not
4:03
even lump India in there with them because India is a major
4:07
factor as well. But if we just focus right now
4:10
on what's going on with China, I got a lot of reasons why we can
4:13
be optimistic about the gold and the silver price in particular.
4:18
Let's start right here. And that is, oh, this is
4:24
warning. Hold on a minute.
4:25
I made that too small. Bear with me, we are live.
4:29
Here we go. We're up to 100%.
4:31
Here we go. This was shared by Mr. Brian
4:34
Kuzmar. OK, this is the warning that's
4:37
coming up and I'll explain to you why.
4:39
The Shanghai Gold Exchange will be closed from February 15th
4:43
through February 23rd with no night trading on February 13th,
4:47
resuming on February 24th. It's there.
4:50
I think Chinese New Year celebration, guys, they're going
4:53
to shut down the precious metals markets for what, 8 days, 1311
5:00
days? There's different dates out
5:02
there about this. Yeah, looks like about 8 days
5:04
leaving the price. This is the danger.
5:07
This is the warning of gold and silver in the capable hands of
5:13
the LBMA and the COMEX for the week.
5:17
I mean, China, look, when we say China king, we aren't talking
5:20
about the place where you go get the Chinese lunch buffet.
5:23
China has become the king of the precious metals.
5:27
The warning here, and we've experienced this in previous
5:30
years, that when the Chinese market does shut down for their
5:33
annual celebrations, sometimes, let's say there's a little bit
5:37
of manipulation. What at the LBMA and the comex
5:42
of the gold and the silver price.
5:44
So I just want to set the table for you as we move into this
5:48
time period that we might be in for some interesting
5:52
developments in the price of gold and silver.
5:54
Who knows which way could go? Cuz there's a lot more to cover
5:57
about, about what's going on in China.
5:59
This is our normal data that we look at almost every single day.
6:04
But there's actually two big things in this data that
6:07
indicate to us that the things just aren't right in the silver
6:11
market right now. When I say not right, I mean
6:15
that these reasons give us some optimistic feelings about
6:19
silver. Peter Spina shared this.
6:21
China is being drained of silver down to fresh lows, about 31
6:27
tons to only 318 tons. Shanghai could be emptied out in
6:33
the coming weeks at this aggressive rate.
6:36
We know. We know what's going on at the
6:38
COMEX, right, with what, 400 million oz outstanding for March
6:43
delivery and only about 100 million ounces in the vaults.
6:46
But what is happening in China to the vaults is also crazy
6:50
interesting. But there's something else on
6:53
this report. This came from our friend
6:55
Oriental Ghost guys. Of course, in China, the actual
6:59
silver price, we look at this almost every day now.
7:02
We've been looking at it for years, but now everybody's
7:04
bringing it up on the Shanghai Gold Exchange.
7:07
Right there. It is right there, silver.
7:09
This is the physical price of silver in China, close to $88
7:15
per oz. Now, when we go down here, these
7:17
are the vaults. There's the vaults down there in
7:20
the lower left at the Shanghai Futures Exchange.
7:23
As you can see, 318,000 tons, kilograms down 31, OK, it almost
7:31
lost 10% of their total yesterday.
7:34
But what's even more interesting that we want to point out on
7:38
this on the in this data, Hold on here, I'm going to erase it
7:41
all. Is this if you look at the spot
7:44
price of silver in China, 88 dollars.
7:48
Look at the futures price. Look how much higher it is, OK,
7:53
90. There's like a $5 price
7:56
difference. Let's talk, let's talk about
7:58
about what's going on in the West between the COMEX and the
8:01
LBMA. The prices are just about equal
8:04
in the United States between the are in the West, I'm sorry,
8:07
between the spot market and the LBMA and the futures market on
8:13
the COMEX. It there's, there, there's no
8:16
real difference. But there is this huge
8:19
difference in China. Now there's a reason why that's
8:24
so important or again, in the, in the West, right, we're in a
8:28
state of we're not in backwardation, we're not in
8:31
contango. We're in a state of backward
8:33
tango. We would call it about
8:35
equilibrium about equal. Last I checked about an hour
8:38
ago, maybe it's changed a little bit.
8:39
That's not the point. The point is that in China, the
8:42
fact that the futures price is so much higher, some people are
8:46
speculating that's because of that big massive short position
8:50
that that Mister Beyond has and that that's what's causing this
8:54
massive price, this massive state of contango in the Chinese
8:59
markets. Maybe not massive, that was not
9:01
the right word to use, but significant, right?
9:04
Especially when compared to the Western markets.
9:08
So the vaults are draining. That's the number one take away
9:11
#2 they are in a state of, at minimum, what we would call
9:16
healthy contango. And there is a speculation that
9:20
that could be caused by what's happening with this massive
9:24
short position, which has been ruled to be, I don't know,
9:26
inappropriate, whatever the case may be.
9:28
And don't forget Mr. Beyond. He's the Chinese billionaire
9:32
that made $3 billion going long on gold and is now has a
9:36
15,000,000 out short position and silver.
9:39
When he's short, he's got to pay all that back.
9:43
He's got to buy all that silver back, which could create a
9:47
massive at some point, anyone who's short has to cover their
9:51
short has to buy the metal back, right?
9:54
That could could speculation. I'm look, do your own research,
9:58
form your own opinions. You got a good head on your
10:01
shoulder. We know that right?
10:03
Google told me you're sophisticated, but it does make
10:06
good, good common sense that we could be setting up for what
10:10
could be a really epic short squeeze.
10:13
Let's go out here to the Kobesi letter, one of the most
10:16
respected sources of financial information out there, period.
10:22
Let's see how many followers do they have on X now?
10:24
1.3 million followers, silver. They bring up an interesting
10:28
point about the situation in in China as well.
10:31
Silver inventories on the Shanghai Futures Exchange are
10:34
collapsing. Shanghai's silver available for
10:38
delivery is down to just 350 tons, the lowest since 2015, if
10:46
my math is correct. That's longer than 10 years,
10:49
guys, that's eleven years, the lowest that they've had in the
10:52
Shanghai Futures Exchange in terms of available inventory.
10:56
And it's even more stunning, right?
10:58
This this puts this in perspective that that that marks
11:03
an 88% decline from the 3000 tons seen in January 2021.
11:12
This tightness has been exacerbated by heavy silver
11:15
exports from China to London in 2025 when London had their
11:20
squeeze, which alleviated the global physical squeeze but
11:24
depleted local stocks in China even further.
11:28
OK, danger zone when it comes to the amount of silver available
11:34
in China. Now let's go to another story
11:37
out of China, this one from Alisair MacLeod.
11:41
Another like long time, decades. For those of you who are new,
11:45
Alisair MacLeod is like one of the one of the gods of the
11:49
silver and gold community. He says Mr. Beyond.
11:52
OK, beyond Zing Ming. Yeah, that's the Chinese
11:55
billionaire who sold silver shorts, sold silver, sold silver
11:59
futures short equivalent of 450 tons on the Shanghai Futures
12:05
Exchange. He is now stopped from selling
12:08
anymore and the Shanghai Futures Exchange is closed over their
12:12
New Year celebration that we covered earlier next week when
12:16
anything can happen. Alternatively, he will have to
12:21
deliver 450 tons in purple conditions for a massive bear
12:28
squeeze. Again, this is Alasair McLeod
12:31
pointing this out. What?
12:32
We'll leave it at that mic drop. And then on top of it all, the
12:36
Chinese cherry on top. And this goes back to what we
12:39
started the show talking about with the US dollar.
12:42
William Middlecoup brings up this explains why the dollar is
12:46
down and gold and silver are up. This is from yesterday because
12:49
Chinese, China, China, the Chinese government urges the
12:54
banks to curb U.S. Treasuries exposure as mark on
12:58
market risk that I'll just read the first orange section there.
13:02
Chinese regulators have advised financial institutions to rein
13:07
in their holdings of U.S. Treasuries, siding concerns over
13:12
concentration risk and market volatility.
13:16
The take away here, guys, is China and the rest of the world
13:20
are moving away from U.S. Treasuries, which which means
13:23
they are moving away from the US dollar and they are moving to
13:28
what we know what they're moving to.
13:30
They are moving to gold because now the the world central banks
13:36
hold more gold as reserves than they do as U.S.
13:40
Treasuries. OK, that's a lot of deep
13:42
information. China King, right?
13:44
It's not just a fast, a fast Chinese take out place where you
13:47
can get a $6 a Chinese lunch special.
13:50
Well, they're not even $6 anymore.
13:52
Susie and I used to get the $6 lunch special if the China king
13:56
by our house. Now they're $12.00.
13:58
Let's talk about silver and gold.
13:59
Then we're going to talk about Bad Bunny.
14:01
Then we're going to talk about two $100 silver, $700.00 silver.
14:05
But think about the Chinese of the the last point we'll make
14:09
on, on China, the Chinese lunch special to silver ratio.
14:13
It used to be 5 bucks right when silver was $20.00 an ounce.
14:17
You can get a four Chinese lunch specials for one ounce of
14:22
silver. What is it now?
14:23
Let's say it's 10 bucks, OK, but the price of silver has gone up
14:27
to $80.00. So now you can, if you, if you
14:30
saved in US Fiat dollars, right, it cost you twice as much to get
14:35
that Chinese lunch special. If you saved in silver over the
14:38
last four years, instead of getting 4 lunch specials at the
14:42
Chinese restaurant for one ounce of silver, now you get what?
14:46
Oh my gosh, 8 double. So silver's done pretty well, A
14:50
great store of value, even when you measure it against the
14:53
Chinese lunch specials at your local Chinese takeout section.
14:57
OK, Bad Bunny. I didn't.
14:59
Did you know who Bad Bunny was a week ago today, sitting down
15:03
here? Honestly, I've never heard a Bad
15:05
Bunny. Maybe I saw it mentioned just a
15:07
couple times. And then before the Super Bowl
15:09
took off, Bad Bunny. Bad Bunny.
15:11
Not a political statement. I know it kind of got
15:13
politicized. This is not a political channel.
15:15
But he said something very interesting, apparently during
15:19
his halftime show about silver and gold.
15:22
Let's touch on that. And then we're going to talk
15:24
about the Miners and then we're going to talk about some
15:27
unbelievable developments that show us that we should have,
15:31
could have much, much higher prices for silver.
15:34
In particular. Grey Rabbit Finance brought this
15:37
up. Did anybody see the subconscious
15:40
message during the Super Bowl last night?
15:44
He said. And I can speak Spanish, copro
15:47
Ora E Plata translate it to English means buy silver and
15:52
gold. He said it during this part of
15:54
his halftime show Solamente Effectivo.
15:58
So he basically said buy gold and silver with cash only.
16:03
Remember right, silver and gold are the universal stores of
16:07
value. What about the mining sector?
16:09
A lot of you invest in the mining stocks is unbelievable
16:14
what's happening in the silver mining stocks right now.
16:18
I had the Galen McNamara, the CEO of Silver 47, I did an
16:22
interview with him yesterday. The value proposition, what's
16:26
happening in the silver mining stocks is cataclysmic.
16:30
But but when that changes, there's a big reason why it can
16:34
be a big source of major optimism for us.
16:38
Let's go out here and see what this chart's been going around
16:42
everywhere, but this came from the white metal supremacist of
16:45
the last time junior silver miners were this undervalued
16:50
relative to the price of silver was in 2016.
16:54
Look what it did after that. Have a nice day and we're going
16:58
to look at this chart and I'm going to draw on here for you
17:00
quickly, but this chart shows the the price of the Junior
17:05
Silver Miners Index, that's the SSILJ, which is around $3035 per
17:13
unit right now compared to the silver price.
17:16
And as you can see over here, that ratio is at like almost an
17:21
all time low. As of the printing of this, it
17:24
was right above .3. As you can see, the last time we
17:28
were there, that C-19 that spiked down that we had, but
17:32
also in two 2016 guys, the silver mining stocks are priced
17:37
like silver. Is it 25 or $35 per oz?
17:41
Previous times that we got down to those 3 red circled sections,
17:46
which one of which is right now that ratio exploded.
17:50
If the silver price stays where it is, let's say, let's say
17:54
silver stays at $80 per oz easily, we if the, if the SILJ
18:01
index were to go to that level, we could see a doubling or even
18:04
a lot more than that because it's gotten a lot higher.
18:07
You can see up here is 1 on the chart and one over here.
18:11
The reason why that's so important, even if you're not
18:15
in, if you're invested in silver mining stocks, well, look, I
18:18
don't have a crystal ball. I'm not a financial advisor.
18:20
Always do your own research. But it shows how much upward
18:24
momentum that the silver mining stocks can have in this
18:27
environment. Okay.
18:29
And that's just if silver stays where it is.
18:32
But the other big reason why we want to pay attention to that is
18:35
because if the silver mining stocks get just a smidge more
18:39
attention, like they obviously deserve, that will bring more
18:43
people into the, the silver ecosystem, right?
18:47
And could lead to more and more people paying attention to
18:49
silver buying physical silver, not just the mining stocks.
18:53
It's very interesting. On that note, I have a special
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This is about 3 minutes long. It's got a lot of great
19:01
information about what's going on it and with Apollo and with
19:04
the silver market. We're going to watch this.
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Then we'll be back to talk about $200 silver.
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Somebody even saying based on historic data that we should be
19:14
at $700.00 silver right now. Apollo Silver is a junior mining
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inferred in one of the largest undeveloped deposits in the
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Apollo Silver offers asymmetric upside as silver demand explodes
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and global demand for silver is exploding.
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Current supplies coming from the mining sector just can't keep up
20:26
with demand. Plus, silver had been trading at
20:30
its most extreme relative undervaluation to gold, a
20:34
historic 85 to 1 plus ratio just within the past two years.
20:41
Every time this ratio spikes, silver has delivered explosive
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Thanks to Apollo Silver for sponsoring this video.
22:34
This is a physical driven rally in the price of silver and gold
22:40
for that matter, but we'll focus on silver.
22:43
The COMEX in the LBMA, excuse me, the paper prices are being
22:47
left behind. They're being forced to adjust
22:49
to the physical rally that we are having right now in the
22:54
silver market. But if you think about that
22:57
right within that physical driven rally, is there a war
23:01
breaking out right now? Let's see what the silver
23:04
billionaire has to say about that.
23:06
And this is super interesting to consider guys, because what he
23:11
tells us makes a lot of sense. He says, right, who are who are
23:15
the big sources of demand for physical silver?
23:19
The stackers and the manufacturers are about to enter
23:23
a death grudge match, or war as I called it, to see who gets the
23:29
few remaining ounces of silver. Note the stackers are growing in
23:34
numbers exponentially. So guys, within that that
23:38
physical rally that's going on, there really is a battle now
23:42
between the industrial users of silver and the physical
23:47
stackers, maybe people like you who like to collect silver
23:51
coins, who would ever want to do that or bars for that matter.
23:56
But what's even more important for us to realize both of those
23:59
sources of physical demand, the industrial demand, and on top of
24:04
that, the number of people that are moving their wealth, the
24:08
stackers are also growing exponentially.
24:12
Like David Bateman, the silver billionaire said, he's our guy
24:15
here in the United States, for those of you who don't know, who
24:18
owns I think over 15,000,000 ounces of silver now and keeps
24:23
buying more and more and more. So when we take a deeper
24:27
perspective, this is a physical driven rally.
24:30
Within that physical component. You have industrial users who
24:33
are demanding more and more silver and you have the
24:37
investors, the stackers like you that are demanding more and
24:40
more. It's no wonder, right?
24:42
He's our David verse, the Chinese paper tiger, Mr. Beyond
24:47
David verse beyond. He's our hero in the United
24:51
States. He's all about physical silver.
24:53
It's going to get very, very interesting.
24:56
Let's talk about $200 silver. He's at it again, right?
25:00
World world famous, well known author Mr. Robert Kiyosaki is
25:05
buying silver. This just came out last night.
25:08
He said I just purchased another 600 Silver Eagles at $82 per oz.
25:13
I still believe silver will reach 200 an ounce or more in
25:19
2026. Like we talked about earlier
25:23
guys, the US dollar is in trouble.
25:26
Savers of Fiat currency, fake dollars are the biggest losers.
25:31
And when we talk about, there's a the reason why we want to talk
25:34
about the US dollar being in trouble.
25:36
Not only is it in trouble from like the DXY perspective, which
25:40
compares the dollar to other Fiat currencies, but the big
25:45
bonus, the big key thing, and sometimes this can be a little
25:48
challenging to grasp initially. The big thing for us to
25:52
remember, not only is the dollar going down relative to those
25:57
other, it's the prettiest horse in the glue factory, all those
26:00
things, right? Those comparisons, not only is
26:03
it going down relative to other Fiat currencies, but all the
26:07
Fiat currencies are going down in value simultaneously.
26:11
So as they're falling, they kind of seesaw back and forth, but
26:15
there's like a double negative impact on what's going on with
26:19
the dollar right now. I hope that makes sense.
26:22
And, and maybe if some of you don't understand it, I can make
26:24
a whole separate video about that.
26:26
But like all the Fiat currencies are going down in value and when
26:30
the dollar goes down in value relative to the Fiat currencies,
26:33
it's like a double whammy to the US dollar.
26:36
I don't like it. I want to make that very clear.
26:38
And I'm sure if you're in the United States, you're patriotic
26:42
as well. I love this country.
26:43
I don't agree with what happened in 1971 when Nixon took us off
26:47
the gold standard. We won't go down that path.
26:49
But, but we don't like what's happened with the value of our
26:53
dollar, which has been the direct result of both the fiscal
26:57
and monetary decisions that have been made by many of our quote,
27:01
UN quote leaders over the last 50 years.
27:04
I tend to be more aligned with the founding fathers of the
27:07
country. Everybody's different.
27:09
You can have your own opinions, but they had some very strong
27:12
things to say about central banks #1 and also about the
27:17
backing of the dollar with precious metals.
27:20
And up there. How about $700.00 silver?
27:23
You want to hear about $700.00 silver?
27:25
I do want to say thank you to my regular channel sponsors as
27:28
well, First Mint and 1st Mining Gold.
27:31
Thank you for your ongoing support and sponsorship.
27:35
But $700.00 silver, can we look through a broader lens of
27:41
history and see that right now we could easily be and you hear
27:45
right how many I mean over this was years ago for those of you
27:49
who are new, there were some big names in the precious metal
27:52
sector that always told us they could see $600.00 silver.
27:57
So $700.00 silver, not that far out of the question.
28:01
And let's look at this through the broader lens of history.
28:04
And it's fun as well because our our favorite rancher brought up
28:08
some incredible information about that.
28:11
There he is right there. He has a whole video about it.
28:14
But basically what he what he said is this.
28:17
In ancient Greece, 7 ounces of silver would get you one cow, 7
28:23
ounces of silver to one cow, 7 to 1 ratio.
28:26
Today where we are today, it takes 70 ounces of silver to get
28:32
one productive cow, which is about $5000.
28:36
It's a 70 to one ratio. If silver were to go back to the
28:41
ratio that we had in ancient Greece and throughout other
28:44
periods of time of 7 to 1, silver would have to go to
28:49
$700.00 per oz per cow. In my we made look at it, it
28:54
ratios like that and ideas like that and they go, that's crazy.
28:58
Oh, you know, look, remember I sat down here.
29:02
He wants to say hi to you years ago with this guy.
29:06
Remember him? He's Smitty, right?
29:08
He was the blindfolded bear and he had a blindfold on.
29:12
Now he's wearing it as AI don't know what you call it.
29:14
It's across his shirt hit a blindfold on that we said we
29:16
would take off when silver hit $85 people called me crazy and
29:23
that it would never ever, ever happen.
29:25
Well, as you know, silver did cross $85 in the spot market
29:29
just a few weeks ago and we had the joyous occasion and Smitty's
29:33
very happy of taking off his blindfold and lo and behold, we
29:38
were surprised, right? He's got a couple 110th oz
29:41
silver Britannia bars is eyeballs.
29:44
OK, so when do we get the $600.00 silver?
29:47
What do you guys think? Do I need to get another animal
29:51
and blindfolded with $600.00? I think it's real possible.
29:57
I think it's not. I believe absolutely I will see
30:02
$600.00 silver during my lifetime and it's crazy as that
30:07
sounds right now. Don't forget, OK, when I was on
30:10
with Galen McNamara, the CEO Silver 47 yesterday, we talked
30:15
about how back in October of 2023, just a little bit over two
30:21
years ago, we had our first meeting in the silver price was
30:25
$22.79 per oz. At that point had we talked
30:29
about and Smitty with was in there.
30:31
OK, you can go back and check. He's in the background.
30:34
We actually talk about him. I said I'll take the the
30:36
blindfold off that bear when silver hits $85.
30:39
That seemed crazy back then, right?
30:42
It seemed crazy. OK, just like talking about
30:46
$600.00 silver right now. It sounds crazy to me, I admit.
30:51
OK. But when I take a step back and
30:53
look at it through the lens of history and through the lens of
30:57
what's going on with the paper Fiat currencies in the world, if
31:02
we choose, right, gold and silver, they've always been the
31:06
reserve currency of the world for thousands of years.
31:09
So if just right now we decide, oh, we're going to measure the
31:13
price of silver with U.S. dollars, well, you know,
31:17
anything's possible. Oh, shoot.
31:20
What's his name? The guy, Oh, man, I'll remember
31:23
in a second. He talks about the price of
31:25
gold. People with how high can the
31:26
price of gold go? How high can the price of silver
31:29
go? And he says Infinity.
31:32
Darn it. Hold, hold on.
31:33
Susie, Are you up there? Susie over who's who's the guy
31:39
you keep? Oh, Peter Schiff.
31:40
Sorry, Peter Schiff. I just remembered Peter Schiff.
31:43
I hear him say, I think I don't want to put words in his mouth,
31:45
but the price of gold and silver can go to Infinity.
31:48
So to say $700.00 silver to say $85 silver.
31:53
Look, guys, OK, I really appreciate you joining me down
31:56
here in the basement. Don't forget to subscribe.
31:58
But if we got into a time machine and went back right to
32:02
October 28th, I think it was of 2023, right?
32:08
And, and, and right now I said, hey, I think silver could $85.
32:11
It would seem just as crazy as thinking the silver could go to
32:15
200, like Robert Kiyosaki says, or 600, like I say I'm going to
32:19
see during my lifetime. It would seem just as crazy back
32:23
then. China is taking over the world
32:27
of precious metals. India is taking over the world
32:30
of precious metals. The world has always controlled
32:35
precious metals. Yeah, There's temporary little
32:38
aberrations that occur from time to time where Fiat paper money
32:43
seems, quote UN quote valuable. But the reality is silver and
32:47
gold have always been the world's reserve currencies.
32:50
There's a reason why, a big reason why the world central
32:55
banks now hold more gold than U.S. dollars.
32:59
That reason is quite simple. The world central banks are the
33:03
most sophisticated financial institutions on the planet.
33:08
OK, there's a reason why just behind them, Tether that
33:12
tokenizes gold, is the largest buyer of gold now, right behind
33:17
the world central banks. OK, it's because gold and silver
33:21
have always been the world's reserve currencies.
33:25
They are the measure stick. OK, it's hard for us to to
33:30
sometimes compute that, but it's the reality.
33:34
OK, an ounce of silver, an ounce of gold have always been an
33:38
ounce of silver, an ounce of gold they've always bought
33:40
essentially the same thing, could be traded for essentially
33:44
the equivalent same thing throughout thousands and
33:47
thousands of years. I went off on a diatribe.
33:49
Please subscribe to the channel. I love being able to come down
33:53
here and connect with everybody. I hope you have a great day and
33:57
I'll see you. Yes, you.
33:59
I'll see you next time. OK, bye.
34:01
Bye.