Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / SILVER STACKERS 🚨 ALERT! 🚨 -- Kiyosaki Speaks -- Massive NEWS for GOLD & SILVER Price!

Transcript

SILVER STACKERS 🚨 ALERT! 🚨 -- Kiyosaki Speaks -- Massive NEWS for GOLD & SILVER Price! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  Can you believe what is going on right now?
• 0:05
  Today in the precious metals market, silver and gold are
• 0:09
  flying again. We're going to look at all the
• 0:12
  reasons why in this video. We're also going to talk about
• 0:15
  Robert Kiyosaki. He's speaking about silver and
• 0:20
  gold again. And let's not forget he recently
• 0:23
  told us that we could see $70 silver very soon.
• 0:28
  But first, the most important thing and and that's you.
• 0:30
  Thank you for being here. This is a piece of silver and
• 0:35
  gold focused content for the basement dweller community.
• 0:38
  Also for those in the crypto community who've been begging me
• 0:42
  of a real interest in learning about silver and gold.
• 0:45
  It's a big deal when you're here.
• 0:47
  You're always welcome in Ron's basement.
• 0:49
  You are the most important part. Don't forget.
• 0:51
  Please like this video share and subscribe.
• 0:55
  It helps Susie and I support the channel, support the family.
• 0:58
  Let's go take a look at what's going on right now, guys in the
• 1:02
  silver and gold market because it is getting absolutely crazy
• 1:07
  out there. Let's go 1st and take a look at
• 1:12
  the silver market where we see this.
• 1:21
  It's gold. Here we go.
• 1:23
  Here silver, OK, we're up $0.65 per oz in the futures market, up
• 1:28
  almost 2%. What we're looking at right here
• 1:31
  is a one year chart of silver. I want to draw a few things on
• 1:35
  here and draw your attention to a few things that I think are
• 1:39
  very interesting. Let's get this pulled up.
• 1:43
  Here we go and look, when we look back over a year, you can
• 1:48
  see that we're in a range between what, high 20s and 35?
• 1:51
  But basically we've been sticking right around this area,
• 1:56
  right around $31.00 per oz. Now, that's not what's most
• 2:00
  interesting to me. When I look at this, what I see
• 2:03
  is an upward channel in the silver price that I think I
• 2:12
  know. Do you see that?
• 2:15
  I see that and to me that means two things.
• 2:17
  Number one, that's an upward channel in the silver price, but
• 2:22
  it also is within a compressed area that there's consolidation
• 2:27
  going on within the three to $4.00 range in the silver price
• 2:31
  somewhere between let's say 3133, thirty, $1.00 and $34 per
• 2:36
  oz. What's important to recognize
• 2:39
  there is that what that is, we're working through the people
• 2:45
  who want to get out of silver, the people who are the short
• 2:48
  timers, the wimps were like, oh, I'm scared silver's going to
• 2:51
  drop down to $24.00 an ounce again.
• 2:55
  I absolutely do not believe it. I don't think that we're going
• 2:58
  to see a silver price that starts with the number 2 until
• 3:03
  we get into the $200 per oz range.
• 3:07
  I could be wrong, don't remember right.
• 3:09
  My disclaimer, I'm not a financial planner.
• 3:11
  I'm not a financial advisor. Don't make any decisions based
• 3:14
  on anything that I'm saying here.
• 3:16
  But I followed the silver market for decades.
• 3:19
  I think the odds of us getting a silver price below $30 are very,
• 3:24
  very slim. As a matter of fact, I've
• 3:26
  predicted that by April Fool's Day 2026, we will have $60.00
• 3:32
  per oz silver. And that's no April Fool's joke.
• 3:35
  If I'm wrong, I'll come on here and fully admit it, right?
• 3:38
  I'm not always right, but I am usually right about 63.4% of the
• 3:43
  time. Let's go take a look at the gold
• 3:45
  market because we've got a big, big day and gold as well.
• 3:53
  Wow, look at this gold up $50 per oz.
• 3:57
  Now we're looking at a six month chart.
• 3:59
  Let's zoom out a little bit here and look at a look at a one year
• 4:03
  chart of gold. Is that unbelievable or what?
• 4:06
  I don't even need to draw any lines on there for you.
• 4:09
  All the top analysts are saying the same thing.
• 4:12
  Every single time that the gold price gets sold down, it seems
• 4:17
  to be like it pops right back up.
• 4:19
  Now, many of you are. I'm 55 years old.
• 4:22
  How old are you? I don't know.
• 4:23
  You know, most of us are around my age that are into the silver
• 4:27
  and gold market. You probably remember these
• 4:29
  things, right? One of our basement dweller
• 4:31
  viewers sent me this guy. This is a Weeble.
• 4:35
  And as you remember from your childhood, it was Weeble's
• 4:38
  wobble. But they don't fall down.
• 4:42
  And we can definitely say that about the gold price because it
• 4:45
  just continues to March forward. Now we're going to talk about
• 4:49
  all the reasons why a little bit later during this live stream,
• 4:52
  right? The fact that the dollar that
• 4:54
  that's if we measure, if we use the US dollar as the unit of
• 4:59
  measure for gold, it weebles and wobbles, but it keeps going up,
• 5:04
  right? Because of the the the
• 5:06
  consistent devaluation of the the consistent pushing down of
• 5:13
  the real value in the dollar. And again, we've got a lot more
• 5:16
  to talk about later in this video that's going to explain to
• 5:19
  us why that's the case and why when we use the dollar is the
• 5:23
  unit of measure for gold, we could see prices.
• 5:28
  Some top analysts are now talking about $5000 per ounce of
• 5:32
  gold as soon as next year. But let's go take a look at the
• 5:36
  other big key component, what we need to follow.
• 5:40
  And then we got to talk about Japan, which is a big part of
• 5:43
  the reason why we are seeing what we are seeing today in the
• 5:49
  gold market. But here's the dollar index, our
• 5:52
  old favorite guys, huh? The DXY index, the the
• 5:56
  prettiest, the best horse in the glue factory.
• 6:01
  The dollar index is getting precariously low to dropping
• 6:05
  below 100 again. Why is that so important?
• 6:09
  Because a lot of the big people are saying that once we get
• 6:12
  below 100 and stay below 100, we could we could drop down into
• 6:17
  the 75 range here. Oh man, this is just
• 6:21
  unbelievable. What is going on right now.
• 6:24
  Here's 100. Let me draw a line again.
• 6:27
  DXY index, basically comparing the dollar to the euro, the yen,
• 6:31
  I think the Swiss franc, we're right at 100.
• 6:34
  If we go all the way back to the mid 1980s, you can see that
• 6:38
  we're actually from a long term perspective, the dollars
• 6:42
  actually high. Now what's really interesting to
• 6:46
  look at on this chart is this right here, right?
• 6:50
  If we start around 2001 and go down to 2011, you can see that
• 6:56
  the DXY index went from about what, 115 all the way down to 75
• 7:03
  during that period. During that period of time,
• 7:07
  that's when we saw silver go from around $5 per oz all the
• 7:11
  way to $50 per oz in 2011. Will that happen again?
• 7:17
  Can that happen again? Absolutely right.
• 7:21
  We're in a stagflationary environment right now I know you
• 7:24
  might you may not agree with me and that's OK when I talk about
• 7:28
  $60.00 silver by April Fool's Day 2026, maybe I'll be the fool
• 7:33
  on April Fool's Day. Hey, I don't care, but I think
• 7:36
  we could see like Robert Kiyosaki talks about $70 silver
• 7:41
  by that point because we are in a stagflationary environment.
• 7:45
  We have a stagnant economy. Wait till you hear about the
• 7:48
  latest news from the airports. We're we're going to talk about
• 7:51
  later. And we do have inflation guys.
• 7:54
  They are up a Creek without a paddle.
• 7:57
  Our old friend here, Jerome Powell.
• 7:59
  Let's all say hi to Jerome, right, right.
• 8:02
  Because of this, I'm going to show you right now because of
• 8:06
  the bond yields, we're going to talk about bond yields and then
• 8:09
  Japan, then we're going to move on, I promise.
• 8:12
  But because of the 10 year bond yield, which is getting
• 8:17
  precariously high, let's see if I got this right.
• 8:20
  Here we go. 10 year bond yield at 4.5%.
• 8:26
  Yes, you heard that right. All right, let's look at that.
• 8:28
  Let's look at, I mean, this is crazy to think about that just
• 8:36
  five years ago I got that screen screwed up.
• 8:40
  There we go. Five years ago, guys over here,
• 8:46
  as you can see right right, we had a 10 year bond yield of
• 8:52
  point. See if I can draw this 5.
• 8:58
  I need some better crayons .5% right?
• 9:02
  What's happening and what's going to happen and which will
• 9:05
  lead the dollar down a path of doom, basically, right?
• 9:10
  the US government, because of the fact that we have $37
• 9:14
  trillion in debt, can't afford for interest rates to go much
• 9:18
  higher. Here's a little secret.
• 9:20
  Bank of America, all the other big banks can't afford for
• 9:24
  interest rates to go much higher because Bank of America in the
• 9:27
  US government, they borrowed a bunch of money five years ago
• 9:31
  when interest rates were 9/9 times less, right?
• 9:34
  We went from .5% to 4.5%. And now when they have to
• 9:39
  refinance even at these current rates, right, it's, it's
• 9:43
  inhibitively expensive for them. Now the big banks are in big
• 9:47
  trouble because they bought a bunch of treasuries back five
• 9:52
  years ago at .5 percent, 1% interest rates.
• 9:56
  And they're carrying them on their books right now at full
• 9:59
  value. But the reality is they've
• 10:01
  already lost 30 and, and in some cases 40% of the value.
• 10:07
  So let me let me pull this all together for you, this guy and
• 10:12
  including Donald Trump and Scott the cent, right?
• 10:17
  They can't. the US economy can't take interest rates much higher
• 10:22
  than they are right now. Nobody has the money to buy the
• 10:26
  bond. So rates will go up and up and
• 10:28
  up naturally, OK. However, however, I'm sorry, my
• 10:32
  daughter's calling me at the same time, OK, At the same time,
• 10:37
  the only thing that they're going to be able to do to
• 10:41
  control those interest rates is this.
• 10:43
  Sorry, I have to pull it out, right?
• 10:45
  Print money, they're going to monetize the debt and when they
• 10:48
  monetize the debt, when they print money, that'll make the
• 10:52
  value of the dollar go down. And if you use the US dollar is
• 10:56
  the unit of measure to measure the value of silver and gold,
• 11:00
  which a lot of you do, that will mean in dollar terms, the value
• 11:04
  of silver and gold will go much, much, much higher.
• 11:07
  The other big story going on right now is that the Japanese
• 11:11
  bond market is basically crashing.
• 11:16
  And here we go. All right, this came from Yahoo
• 11:19
  Finance and Reuters. Japan's super long bond yield
• 11:23
  soar to records as the market frets about demand.
• 11:28
  Guys, it's it's getting ugly out there When you have an economy
• 11:31
  that's held together, right or a monetary system and a fiscal
• 11:35
  system that's held together with bubble gum and duct tape when
• 11:38
  you kick the can down the road, right?
• 11:41
  Starting back in the late 1990s when the tech bubble burst, the
• 11:45
  great financial crisis, the C19 crisis, when you just print
• 11:49
  money, when you abuse the privilege of being the world's
• 11:52
  reserve currency, eventually the hens come home to roost.
• 11:57
  Doesn't that make sense? And that's exactly what's going
• 12:01
  on right now. Hey, next we're going to talk
• 12:02
  about Robert Kiyosaki. But I want to say thank you to
• 12:06
  1st Mint. OK, they are sponsoring the Gold
• 12:09
  and silver Rons basement YouTube content.
• 12:12
  First Mint is owned by First Majestic Silver.
• 12:16
  You've likely heard of them. That's Keith Newmeyer's silver
• 12:19
  mining juggernaut. Now what's unique about First
• 12:22
  Mint is besides the fact that they're owned by a mining
• 12:25
  company, is that they actually mine the, the, the silver in
• 12:29
  Mexico, send it to the first Mint, which is in Las Vegas, NV,
• 12:34
  where they create these world class silver bullion products,
• 12:38
  silver bars, silver rounds. As a matter of fact, here here's
• 12:41
  a silver round that I have from first Mint.
• 12:44
  Absolutely stunning pieces of bullion that they're creating.
• 12:50
  That's not the best part. This is one of my favorites
• 12:53
  because on the back of this Buffalo round is this Indian
• 12:58
  that I just think is so absolutely.
• 13:01
  I love that thing. That is probably one of my
• 13:03
  favorite pieces of silver. Again, that's from First Met.
• 13:07
  Let me show you their website where you can check it out for
• 13:10
  yourself. And here we go.
• 13:16
  Oh, there it is. Here's the year of the snake.
• 13:19
  It's another one of the rounds that they produce.
• 13:22
  Here is the year of the dragon, another beautiful one.
• 13:25
  I have these. I'll be showing them to you in
• 13:28
  subsequent. There's the bars, Susie.
• 13:30
  You know my wife upstairs, Susie, she loves the five ounce
• 13:34
  bar. And there let's go back.
• 13:36
  That's what I just showed you the the Buffalo round, so you
• 13:40
  can check it out there. Look, they're a company you can
• 13:44
  trust owned by First Majestic Silver.
• 13:46
  They have competitive prices, great service and free shipping
• 13:50
  on orders over $199. And it's a big honor for me to
• 13:55
  have them sponsoring Ron's basement, our gold and silver
• 13:58
  content. Thank you.
• 14:00
  First meant. Oh, and by the way, I almost
• 14:01
  forgot, there's a discount code VIPRBVVVIPRB for Ron's basement.
• 14:10
  Check him out. You'll be happy that you did.
• 14:12
  Let's talk about Robert Kiyosaki.
• 14:15
  He's he's speaking again about gold and silver.
• 14:18
  And remember, he's the guy that told us $70 silver could be on
• 14:23
  the way. Let's go out here, he says.
• 14:30
  Question why will gold, silver and Bitcoin continue to grow in
• 14:36
  value? Answer the Marxist central bank.
• 14:40
  Hold on here. Marxist central bank system is
• 14:45
  crashing. Many going bankrupt.
• 14:47
  Keep hodling. And we see that with what's
• 14:49
  going on in Japan, but you know what's going on in the United
• 14:52
  States. I'm buying more Bitcoin.
• 14:54
  Now he's making a Bitcoin prediction of $250,000.
• 14:58
  But he's also a big, big fan of silver because don't forget
• 15:03
  recently, Mr. Kiyosaki, there he is up there had this.
• 15:07
  Is silver more valuable than gold or Bitcoin?
• 15:10
  He says yes, because demand for solar panels, EVs, computers,
• 15:15
  electronic products, weapon systems, medicine, water
• 15:19
  purification, and there's a lot more as well.
• 15:24
  Supplies of gold and Bitcoin do not decrease.
• 15:26
  He brings up this critical point about silver, right?
• 15:30
  And that's true. Supplies of gold and Bitcoin
• 15:32
  really don't decrease. But silver as a store of value
• 15:37
  actually is unique in that the the, the the stores in the
• 15:41
  supplies of silver actually decrease.
• 15:44
  Best of all, silver's also the least expensive is the price of
• 15:48
  gold breaks all time highs. Silver price remains at 60% of
• 15:53
  its all time high. Man I feel like buying some
• 15:56
  silver because silver is useful and its price has been
• 15:59
  suppressed for decades to keep silver affordable by industry.
• 16:04
  Here's the big here's the kicker.
• 16:06
  I believe silver's price manipulation is over.
• 16:09
  I strongly believe the price of silver will quote UN quote
• 16:12
  slingshot to new all time highs possibly 2X to $70.00 an ounce
• 16:19
  in 2025. Wow so he's saying $70 per oz in
• 16:26
  2025? Because we know like he said the
• 16:31
  price of silver. I'm just saying speculation that
• 16:36
  it's been manipulated. Do you think the price of
• 16:40
  silver's been manipulated? Lot of people do, OK, A lot of
• 16:44
  people do. And when we look at days last
• 16:47
  week, right when in like 1 hour, the equivalent of 60 million
• 16:52
  ounces of silver in one hour are traded on the electronic
• 16:56
  exchanges. When we look at the fact that if
• 16:59
  we look at the Shanghai Gold Exchange, the Chinese gold and
• 17:03
  silver market, and we look at the silver price in China where
• 17:08
  it's traded physically, not electronically, not love, just
• 17:12
  pure physical traded is often 10 to 14% higher than what we have
• 17:18
  in the United States. People do believe, and that's
• 17:21
  why China and India are buying all the silver, buying all the
• 17:26
  gold. They know the value.
• 17:29
  And Americans unfortunately, aren't buying a lot of silver.
• 17:33
  They're missing the boat in Americans, a lot of them.
• 17:37
  The retail investors. Not you.
• 17:39
  Not you, right. You got a good head on your
• 17:41
  shoulders. Not me.
• 17:43
  Are selling their gold. I've got an article.
• 17:46
  Where is it? Here.
• 17:47
  Here it is. I'll pull it up for you next.
• 17:49
  This is what our fellow Americans are up to.
• 17:57
  This comes from Fox Business. Hold on there it is gold rush 2
• 18:05
  dot OI want to bring it out Americans and then hold on a
• 18:09
  second. All right, Judy, there's Judy
• 18:11
  Shelton talking about the British going off the the gold
• 18:15
  standard. But here we go gold rush 2 dot O
• 18:17
  Americans cash in as precious metals hover near all time
• 18:22
  highs. Think about this guys.
• 18:24
  What's going on in the gold market and silver market is
• 18:28
  really happening without the participation of the Western
• 18:32
  investor. They will wake up, right?
• 18:34
  We know what's going on with Costco with gold, right?
• 18:37
  They will wake up. They there will be a rush for
• 18:40
  silver and gold. But but in the end, this article
• 18:44
  there, they interview a guy, he said everyday we have more
• 18:47
  customers coming in selling their gold, raiding their
• 18:50
  cabinets and stuff like that, looking for jewelry.
• 18:53
  That's Sebastian Hernandez who works at family owned A&M
• 18:56
  Precious Metals in Los Angeles. I've not seen anything like
• 19:00
  this. I've been in this business for
• 19:02
  about 8 years and this is pretty crazy.
• 19:04
  There's something astonishing for us, right?
• 19:09
  Those of us who are awake, who don't keep our head in the sand,
• 19:12
  those of us who aren't raiding our jewelry cabinets to sell
• 19:16
  precious metals. Something very, very
• 19:19
  astonishing. What is happening?
• 19:22
  Think about this, right? Take a step back and look at
• 19:24
  this from 1000 feet. What is happening right now in
• 19:29
  the precious metals markets? Silver building this incredible
• 19:34
  solid base around $3233 per oz. Gold right at $3200 per oz.
• 19:43
  It's incredible. But all of this is happening
• 19:46
  without big participation from the Western investors, right?
• 19:53
  From a silver investing perspective in the West, the
• 19:56
  numbers are actually down. So take a step back and think,
• 20:00
  if we just go back up, let's just look at silver to where the
• 20:04
  average levels were over the last 3-4 years.
• 20:09
  That would create a big wave of demand.
• 20:11
  But let's just speculate, what do you think would happen?
• 20:18
  If there was actually a silver rush, a silver squeeze, right?
• 20:24
  What if everybody woke up, right?
• 20:26
  What if I'm at the neighborhood swimming pool and instead of my
• 20:30
  neighbors wanting to talk about who knows, they're coming to me
• 20:34
  wanting to ask about silver because everybody's talking
• 20:38
  about it. What do you think's going to
• 20:40
  happen again? Take a step back and realize
• 20:43
  what we have seen in the precious metals markets to date.
• 20:47
  It's been astonishing, but that has occurred without the western
• 20:53
  retail investors really taking part.
• 20:56
  And like we just read a lot of our the sheeple.
• 21:04
  I know you love it, right? Your neighbors, my neighbors,
• 21:09
  they're sheeple, right? They want whatever.
• 21:12
  I'm not going to go off, but they are selling gold.
• 21:15
  Some of them are selling silver, but what's interesting is you
• 21:19
  read did you hear this? A lot of these silver refiners
• 21:23
  are really busy, right, because they're buying a lot of silver
• 21:27
  and from what the speculation, just just speculation is that
• 21:31
  they are then shipping it over to China.
• 21:33
  Now let's talk about the rich guy billionaire billionaire.
• 21:38
  Make sure I got the right one. Here we go.
• 21:41
  What are the billionaires is it seem like to you that every day
• 21:44
  we're we're getting headlines like this?
• 21:47
  You know, Ray Dalio, the founder of Bridgewater Capital, one of
• 21:49
  the richest guys around, one of the biggest hedge funds of all
• 21:53
  time, he's buying gold. OK, And then we get this.
• 21:56
  David Einhorn, OK, billionaire hedge fund founder is long gold
• 22:01
  and said he thinks it could reach $5000 in 2026.
• 22:06
  Again, OK, This came from a CNBC interview.
• 22:10
  Hedge fund icon David Einhard of Green Light Capital echoed that
• 22:14
  sentiment because there was another guy talking about it on
• 22:16
  CNB CS closing Bell in an appearance on Wednesday from the
• 22:21
  sole investment conference. There's a bipartisan agreement
• 22:24
  to do nothing about the deficit until we get to the next crisis.
• 22:28
  Einhorn is long gold and said he thinks it could reach $5000 per
• 22:33
  oz in 2026. Schlossler also called for a
• 22:39
  gold price to hit $5000 next year.
• 22:42
  That's this guy, David Schlossler, who's a multi asset
• 22:46
  solutions fund manager for Vanek.
• 22:49
  So I got a question for you. I got a question for you.
• 22:53
  These aren't, these aren't guys in their basement that are gold
• 22:56
  and silver Maxis in Saint Louis talking about $60.00 silver.
• 23:03
  No, they work for Vanek. These are billionaire hedge fund
• 23:07
  managers talking about $5000 gold in 2026.
• 23:15
  So that begs the question and you can put it in the comments
• 23:19
  share with each other, right? This is a community.
• 23:21
  If we get $5000 gold in 2026, where do you think the silver
• 23:27
  price is going to be on April Fool's Day 2026?
• 23:31
  You know my guess. Put yours in the comments share.
• 23:34
  Oh, by the way, thank you for being here.
• 23:36
  Did I ask you please, if you're new, subscribe to the channel.
• 23:40
  All this is free. You just got to put up with my
• 23:43
  whiny voice and occasional sheeple accents.
• 23:48
  But no, seriously, it's a big deal.
• 23:49
  You're here. Thank you for being here.
• 23:51
  Thank you for the Super chat. Super thanks.
• 23:53
  All the stuff you guys are doing always much appreciated.
• 23:57
  Susie upstairs. Susie and I, right?
• 24:00
  This is a community, right? We love talking about assets
• 24:04
  that are outside the Fiat money system.
• 24:07
  We want you to come back. We want you to feel like you
• 24:09
  found a home away from home. Other big news going on the bill
• 24:13
  of the the Chinese billionaire, the Chinese Hunt brothers.
• 24:17
  Remember the Hunt brothers story from the 70s when they cornered
• 24:20
  the silver market and yadda yadda yadda.
• 24:23
  Well, last year there's a Chinese Hunt brother who took on
• 24:27
  JP Morgan and won right, stuck it to him and the and the
• 24:32
  Chinese gold market. There's rumors that he's back,
• 24:36
  he or she, but it's a he is back, right?
• 24:39
  So it's going to be real interesting to see how that all
• 24:42
  plays out. Yep, Jerome Powell and they're
• 24:45
  going, they're going to liquidate the economy.
• 24:47
  Is the economy slowing, right? Look, we don't we don't want to
• 24:51
  dig into the weeds too much, but I found this very interesting in
• 24:56
  regards to what's going on at the airports.
• 24:59
  Let's go take a look at this article, which was brought to us
• 25:05
  by oh, and then we'll talk about the we'll talk about the big
• 25:08
  debt downgrade. Hold on one second here
• 25:10
  everybody. There we go.
• 25:16
  Hold on a minute. Phone's ringing.
• 25:19
  We got we're having some technical problems.
• 25:21
  Hopefully you guys can see me and hear me.
• 25:24
  OK, If you can please give me a 5 by 5.
• 25:28
  OK, so this was super interesting from the Kubisi
• 25:32
  letter. Arrivals at the largest US
• 25:35
  airports are declining the seven day OK.
• 25:39
  So air, air traffic, 7 day moving average of arrivals at
• 25:42
  the top 10 airports fell by 5%. OK, But it gets more interesting
• 25:46
  below in yellow. Furthermore, the number of
• 25:49
  European passengers flying to the US dropped by 20% year over
• 25:54
  year last month. Passengers coming from Mexico
• 25:58
  and Canada also decreased by 19% and 7% respectively.
• 26:04
  The economy is slowing down, right?
• 26:06
  Housing is out of control. Everywhere we look, we've got
• 26:09
  issues. Then on Friday we get this news
• 26:12
  after the bell from the Silver Silver Academy reporting on it.
• 26:16
  This was widely reported. As predicted, the USA is a Nance
• 26:19
  eyelash away from defaulting. A nation with 37 trillion in
• 26:24
  funded liabilities and 200 trillion in unfunded obligations
• 26:29
  can't outrun math. We had a Moodys downgrade.
• 26:33
  Okay, which look, here's the reality. the United States debt
• 26:37
  had already been downgraded by S&P and Fitch.
• 26:41
  Moodys was the final one to downgrade the debt, so this was
• 26:46
  big news. This is the the reality.
• 26:48
  The hens are coming home to roost, unfortunately.
• 26:52
  Look, I'm sure you're like me. I love my country, right?
• 26:56
  I love what the founding fathers set out.
• 26:58
  But over the last several decades, it has been grossly
• 27:01
  mismanaged and as a result, right gross made made grossly
• 27:06
  unfair as well, where the 1% top 1% of the population is
• 27:11
  controlling an exaggerated amount of the wealth in this
• 27:15
  country. It's getting to be a very
• 27:18
  precarious situation. I think there's a lot more
• 27:21
  fragility in the market than most people realize.
• 27:26
  Most people don't care. OK, right there.
• 27:28
  The wait a minute. The sheeple, they have no clue.
• 27:34
  They don't care. They'd rather just watch
• 27:36
  whatever on TV. But even within the financial
• 27:39
  community, I think that most like financial advisors, they're
• 27:43
  clueless as to how fragile the system actually is.
• 27:48
  I think that you and I know me realize like we see the forest
• 27:53
  through the trees. I used to love when Andy
• 27:55
  Scheckman would talk about the Jenga example.
• 27:57
  Right like you, you keep pulling pieces out until eventually the
• 28:03
  whole thing falls apart. Look, I don't want bad things to
• 28:06
  happen. I want what's good for you, good
• 28:08
  for me. But I do think that we realize
• 28:12
  the importance of protecting ourselves, protecting our
• 28:14
  families and that gold and silver real assets land for
• 28:19
  those of you that like crypto, crypto are good ways to protect
• 28:22
  wealth. I do want to say thank you also
• 28:25
  to our friends at Right. If you've got some gold and
• 28:29
  silver. What's in here, huh?
• 28:32
  Yeah. You know what's in here.
• 28:34
  Dirty man safe. Going to be doing a giveaway
• 28:37
  here soon. But if you're looking for a way
• 28:40
  to safely secure something, maybe you got a safe in your
• 28:43
  house. Maybe you have a safety deposit
• 28:45
  box. You're probably like me.
• 28:47
  I don't keep metals at the house.
• 28:49
  Right. But another thing that you can
• 28:51
  consider is a dirty man safe. This allows you to bury, right?
• 28:55
  This is the safe. It opens up and you open it up
• 28:58
  quickly. Mine has a Unicorn inside of it.
• 29:01
  These things are very cool. Allows you to do what the
• 29:04
  pirates did right. The pirates buried their their
• 29:07
  treasure in the ground. People are still looking for it.
• 29:09
  This is the same thing. It comes with this tube.
• 29:12
  OK, can you see me? Here we go.
• 29:16
  Yeah. It comes with this tube.
• 29:18
  You bury the tube, you put this down in the tube.
• 29:22
  And then it's got this nifty lid that goes on top, OK, It's all
• 29:29
  buried in the ground. You got a handle, you pull it
• 29:32
  out. You just don't.
• 29:35
  You don't tell anybody where you buried it again, that's dirty
• 29:39
  man safe. There is a code.
• 29:41
  Where is it? It's hanging up behind me
• 29:42
  somewhere. Ron 10, you can check it out.
• 29:46
  10% discount if you use the code.
• 29:48
  Ron 10. Also thank you to Ledger for
• 29:51
  sponsoring Ron's basement. They are the crypto hardware
• 29:54
  wallet security leader, OK, And Moon Pay.
• 29:59
  They're the Fentech leader. Guys, have a great day.
• 30:02
  OK? It's going to be real
• 30:04
  interesting here as we move throughout the rest of this year
• 30:08
  where the metals prices go, right?
• 30:10
  I was talking about a summer, summer doldrums, right?
• 30:14
  And let's stick above 3000 for gold, Silver, let's stick above
• 30:19
  that $30. To me, the $30 level is
• 30:21
  critical. I don't think we're going to go
• 30:24
  below $30 per oz in silver, right?
• 30:29
  And I think we could have a really awesome surprise in both
• 30:33
  the metals markets, even as even through the summer and even
• 30:36
  through the end of the year. But no matter what happens,
• 30:40
  we're going to be OK, right? These are timeless stores of
• 30:44
  value. This ounce of silver right here,
• 30:47
  remember, that's that first met. Check it out.
• 30:50
  Isn't that just absolutely beautiful?
• 30:53
  That ounce of silver has been valuable for 50, I'm sorry, 5000
• 30:59
  years. That's a big, big deal.
• 31:02
  Silver is scarce. Silver is not under the control
• 31:07
  of any central government, right?
• 31:10
  And silver's value ultimately is determined by people all around
• 31:15
  the world, everywhere, right? Because it's valuable
• 31:19
  everywhere. Same thing with the gold.
• 31:21
  It's going to be a great ride. Thanks for being here.
• 31:23
  Thanks for being part of the basement.
• 31:24
  Don't forget thumbs up, right? And I'll see you guys next time.
• 31:31
  Thank you. Bye.
• 31:32
  Bye.