Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 💥ALERT💥 SILVER Having a MASSIVE Change... (Gold Price Too)

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💥ALERT💥 SILVER Having a MASSIVE Change... (Gold Price Too) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  The big silver massive event that we've all been waiting for
• 0:05
  isn't happening right now right in front of our faces, but maybe
• 0:10
  we just don't realize that it is happening right now.
• 0:14
  We're going to talk about that in this video, but we're also
• 0:17
  going to talk about $33 silver. Should silver in the United
• 0:21
  States be $33 right now? We're going to talk about
• 0:25
  unbelievable price action in the silver markets, the COMEX and
• 0:30
  the LBMA, right? The electronic exchanges.
• 0:34
  But why? If we just erased 3 days of
• 0:37
  trading right now, we would have $33 silver.
• 0:41
  And Friday was no fun on silver. Let's run out and take a look at
• 0:45
  what's going on. Our friend Oren the Silver
• 0:48
  Hermit put this on Twitter, and I thought it was a great, great
• 0:53
  post. Oren says it's been a rough day
• 0:56
  for silver. Yeah, guys, Silver was down,
• 0:58
  what, 4% yesterday? Oh, my gosh.
• 1:02
  Are we gonna make it? Are we gonna survive?
• 1:05
  Silver's been beaten down for no apparent reason, right?
• 1:08
  Nobody really can say why. Silver.
• 1:10
  What does that make you think? Wait till you hear this idea.
• 1:15
  And it's not an idea. I think it's grounded in fact as
• 1:20
  to why we may right now be in the middle of the big event in
• 1:24
  the silver market. And maybe just maybe this is
• 1:27
  part of the of the evidence that we need to look at.
• 1:31
  No apparent reason why silver got be down.
• 1:34
  Nothing, but nothing has changed because look at this chart cord
• 1:38
  from our friend Oren. Look guys, see my yellow arrow?
• 1:43
  It's following a blue support line.
• 1:46
  Remember back in March when silver was $22.00 per oz and
• 1:50
  it's had a steady climb since then and still holding.
• 1:55
  Now, look, we're getting close, right?
• 1:57
  If we drop below, let's say $29.00 per oz, it might be a
• 2:02
  cold summer for the silver price.
• 2:04
  But right now all we can do is look at what happened Friday.
• 2:08
  Look at these crazy, we're going to talk more, but look at these
• 2:11
  red bars, these giant red bars, right?
• 2:15
  Big, big volatile movements. Remember this.
• 2:19
  That will be critical for our discussion a little bit later in
• 2:23
  this live stream video. But the key right now is we are
• 2:26
  holding the support. I like Oren's attitude with
• 2:30
  that. What is that turquoise colored
• 2:33
  line, right? And remember guys, when we zoom
• 2:37
  out, thank you, Oren for that. By the way, when we zoom out
• 2:40
  even further and look at the silver and gold price, we have a
• 2:44
  massive cup and handle here. I'll just pull it up.
• 2:47
  I see it right on my it's ready to go.
• 2:49
  There it is, huh? A massive cup and handle.
• 2:52
  This is Silver 1980, 2011 Big cup, $50.00 to $50.00.
• 2:59
  Right now we're around $30. We're in the handle phase, but
• 3:02
  embedded in that handle guys, is a breakout of a wedge pattern.
• 3:07
  There's another little miniature cup and handle within that
• 3:10
  handle and I believe there's an inverse head and shoulders as
• 3:14
  well. So silver is, is looking fine.
• 3:17
  OK, we're looking fine right now.
• 3:19
  You know, I mean, we, we can be down and out and in the dumps,
• 3:23
  but the reality is we have silverware.
• 3:25
  Let's go take a look. I mean, we are going all over,
• 3:27
  we are just zooming all over the Internet today.
• 3:31
  What's the exact silver quote right now, $29.61 per oz gold,
• 3:37
  $2325.34 My remember the chart that orange just shared with us?
• 3:44
  We were at $22.00 in March. Think about that. 29 in March.
• 3:49
  That wasn't that long ago, guys, when we were down here talking,
• 3:53
  if we'd said hey, by by early June, mid June, we're gonna,
• 3:57
  we're gonna be at 29, almost $30 silver.
• 4:01
  We'd be jumping for joy. And by the way, since we're
• 4:03
  here, this is the website of a company called Pin Back and more
• 4:16
  fun when you go there and do some shopping for silver, gold
• 4:19
  or platinum. It's where I buy my precious
• 4:22
  metals. I have for over one year.
• 4:25
  Yes, they sponsor the channel. Without them, we wouldn't be
• 4:28
  having this live stream. But what's even more fun about
• 4:32
  Pinbex than saying the name is the fact that when you buy your
• 4:35
  gold and silver at Pinbex, you always get the best prices.
• 4:40
  Compare, do your own homework. I'll never tell you what to do,
• 4:43
  but if you want more metal for your money, check out Pinbex.
• 4:47
  They got great selection and it's a company that I trust.
• 4:51
  You need to find that out for yourself.
• 4:53
  Now let's talk about you ready to be shocked.
• 4:56
  Silver shock I got we got double shock today.
• 4:59
  Double shock. If we eliminated just a few days
• 5:03
  of silver trading, OK, just a few days out of the last month,
• 5:08
  we would have silver significantly higher than where
• 5:11
  it is right now. OK, let's go.
• 5:14
  Let's move over here to the Internet together and let's go
• 5:19
  to wrong one. Here we go, Our good friends at
• 5:23
  the Silver Academy and we're going to come back to this part
• 5:28
  of the article here. This is the Silver Academy,
• 5:31
  substack.com, and there's some data hidden deep in this
• 5:35
  article. Here we go.
• 5:38
  Get ready for this guys. Remember the adage, once is a
• 5:42
  happenstance, twice a coincidence, three times.
• 5:46
  This is a pattern. OK, so #1 the Comex precious
• 5:51
  metals have been hit three of the past four Fridays.
• 5:55
  Have you noticed that? I've noticed it.
• 5:58
  OK. On May 31st, gold reversed, down
• 6:00
  $22.00 per oz. Silver was down almost $1.20.
• 6:05
  That was the last day of May. A week later, Friday, June 7th,
• 6:10
  gold down 66 dollars. Yeah, remember that.
• 6:13
  That was the big China. That was the big China day.
• 6:16
  That was the day when the news came out that, oh, China's not
• 6:19
  that China's PBOC is not buying gold.
• 6:22
  They didn't buy gold during the month of May.
• 6:24
  And that sent the price and silver down $1.93.
• 6:27
  OK, that was the 2nd Friday. And by the way, have you thought
• 6:31
  about this? How do you feel when you think
• 6:32
  about this? That big reason why they
• 6:35
  clobbered gold that day, right? Down $66 per oz or, yeah,
• 6:41
  $666.00 per oz. But they also clobbered silver.
• 6:44
  Silver took it. I mean, well, that was probably
• 6:47
  like a 7% decrease. What is China's central bank no
• 6:52
  longer buying gold, which a lot of people don't believe that
• 6:55
  anyway #1 'cause we don't believe the numbers that they
• 6:58
  put out. We think the Chinese central
• 7:00
  bank buys a lot more gold than they report.
• 7:04
  But what the heck does that have to do with silver, right?
• 7:07
  I mean, really think about it. And the other thing to consider
• 7:11
  with that, it wasn't like they said the Chinese central bank
• 7:14
  announced they were selling gold.
• 7:16
  They just said they weren't buying gold.
• 7:17
  And another thing to consider about that day, the 2nd Friday
• 7:21
  in a row where silver and gold got clobbered, right, is, is now
• 7:26
  I forgot what I was going to say.
• 7:27
  Darn it. There was something else.
• 7:29
  I'll remember it in just a second.
• 7:30
  Let's move on to the next day today, which was yesterday.
• 7:33
  Gold reversed to close, down $33.
• 7:37
  Silver down $1.23. Total of just three Fridays.
• 7:42
  OK, you add those three Fridays together, gold down over $120.00
• 7:47
  per oz. Silver on those three Fridays
• 7:50
  combined, down $4.33. If we take out those four
• 7:56
  Fridays, three of the last four Fridays, basically, guys, we
• 8:01
  would have a silver price right now of what, $33.50 per oz?
• 8:06
  I mean, it's unbelievable. They are manipulating the price
• 8:10
  down. And are we headed toward the
• 8:12
  big, big event? OK, we're going to see that
• 8:15
  soon. And does driving?
• 8:16
  And you ever have that happen to you?
• 8:18
  That struggle where like there was something else I wanted to
• 8:20
  tell you guys about this and it just escaped my mind, but I know
• 8:24
  it's right there. I just can't grab it, I guess.
• 8:27
  I guess that's part of us all getting a little bit older,
• 8:29
  right? Well, you might be old like me
• 8:34
  or, or young at heart. And but I want to tell you, no
• 8:37
  matter how old or young you are, thank you for being here.
• 8:40
  Thank you for being a basement dweller because we love to talk
• 8:44
  about silver. We love to talk about gold.
• 8:46
  And are we in the middle of the big event right now for silver,
• 8:52
  but also for gold? We're going to talk about that
• 8:54
  later. But please give this video a
• 8:56
  thumbs up. You can share it with anyone you
• 8:58
  like. Leave a comment in the comment
• 9:00
  section. We loved it.
• 9:01
  You matter, right? Your thoughts matter.
• 9:04
  We don't always agree. We don't always agree on
• 9:06
  everything. That's OK, right?
• 9:09
  And maybe you have different feelings about cryptocurrency or
• 9:13
  about whether or not silver or gold manipulated.
• 9:15
  That's OK Leave a comment. You don't have to agree with me.
• 9:19
  All right, let's, let's, let's put up with my banner so we can
• 9:23
  say thank you to our sponsors. Oh my gosh, guys, it just goes
• 9:27
  everywhere. Did you hear the latest?
• 9:30
  Right? This is from the LBMA about
• 9:32
  silver. They're saying now that India
• 9:35
  could well import over 200 million ounces of silver this
• 9:39
  year, 200 million for the year. That's like 25% of the entire
• 9:45
  mine output for the year being imported by India alone, right?
• 9:50
  They're building a lot of solar panels in India.
• 9:53
  Hint, hint. But is this true?
• 9:56
  I mean, do you believe this 200,000,025% of the world's mine
• 10:00
  output? Because think about this.
• 10:02
  During the first three months of 2024, we know that India already
• 10:10
  imported over 120 million ounces of silver.
• 10:13
  Now, I'm not saying they're gonna do that for the rest of
• 10:16
  the year, but at that run rate, that's almost 500 million ounces
• 10:20
  of silver that they would import during the year.
• 10:23
  Again, I'm not predicting that, but they're saying only 200
• 10:27
  million or a little over 200 million.
• 10:29
  And they already brought in 120 million.
• 10:31
  And I thought I heard that May, in April, they imported a
• 10:35
  boatload, literally a boatload, several boatloads.
• 10:38
  You can't put a lot of silver on a boat.
• 10:40
  It's so heavy. I know a lot of you have had
• 10:42
  boating accidents with your silver, but nonetheless, to me
• 10:46
  that seems low. OK, very low.
• 10:49
  And the price of silver in India, Sorry I hit you there.
• 10:54
  Measured in rupees, huh? It's it's like going skyrocket
• 10:58
  and super high. I mean, it's unbelievable what's
• 11:02
  happening out there. Let's go check on.
• 11:03
  This is unbelievable. This is to me is just absolutely
• 11:07
  crazy. Let's compare.
• 11:09
  But what do you say we do? A little comparison shopping,
• 11:12
  Boys and girls, basement dwellers.
• 11:14
  Buckle up, buttercup, because later we're going to talk about
• 11:16
  the big event. But let's do some comparison
• 11:19
  shopping first. If one was interested in buying
• 11:22
  silver in China, huh. What do you think they would
• 11:25
  pay? Let's go take a look.
• 11:28
  OK. Is this it?
• 11:30
  Nope. Is this it?
• 11:31
  Here it is. Oh, boy.
• 11:35
  Yes, that's it. Here we are.
• 11:37
  Our old friend, huh? I always say Shanghai Ghost.
• 11:41
  He's the Oriental ghost. All right, This again was the
• 11:46
  price of silver on Friday. Silver, $34 per oz on the
• 11:53
  Shanghai Gold Exchange. On the Shanghai Futures
• 11:56
  Exchange, Silver U.S. dollars $34.38.
• 12:03
  Hold on a second, hold on. So if you want to buy physical
• 12:07
  silver in China on their physical exchange, you're going
• 12:10
  to pay over $34. Why in the United States is it
• 12:17
  only $29.60? Have you thought about that?
• 12:20
  That's like $4.50 higher in China to buy physical.
• 12:24
  That's why we say over and over, you may not feel lucky, right?
• 12:30
  You may not feel lucky, but really, if you're a stacker of
• 12:34
  silver in the United States, you're the luckiest boy or girl
• 12:37
  in the room. Buttercup.
• 12:40
  Basement dweller. We're basement dwellers, but you
• 12:43
  know, we like to call each other Buttercup.
• 12:45
  You better buckle up, buttercup 'cause it is going to get
• 12:48
  interesting. But if you're in the United
• 12:50
  States and you're buying silver, you got a double, you have two
• 12:54
  things to be, two things to be happy about, right?
• 12:58
  Because the COMEX artificially manipulates the price of silver
• 13:02
  so low #1 the price that you pay for silver, right, is based off
• 13:08
  the COMEX off the spot price. Usually it's artificially low.
• 13:13
  OK, But wait, there's more, right?
• 13:16
  Most of you, I think if you live in the 43 states that don't have
• 13:21
  a sales tax on silver or gold for that matter, you're not
• 13:25
  paying sales tax either. Do you know right that like all
• 13:29
  through Europe and I, it's like 20% say that they call it a VAT.
• 13:34
  I think a value added tax. I don't know.
• 13:36
  I'm an accountant. I should know what a value added
• 13:38
  tax is, but I don't. So none the less, you got to pay
• 13:41
  an extra 20%, all right, you got to pay for the price of the
• 13:45
  silver, then you got to pay the premium that we have to pay here
• 13:49
  in the United States, and then you got to pay another 20%.
• 13:53
  Let me go, let's just go. Look, I want to, you know what
• 13:55
  this is. I want to show you something.
• 13:57
  These are my I got these out of my off site storage Krugerrands.
• 14:01
  Let me open this up. Oh man, my hand.
• 14:03
  Look, and for those of you who are asking, yes, I did get
• 14:06
  stitches in my hand. I slashed my hand open trying to
• 14:11
  fix our washing machine, and I can't open this because my
• 14:13
  hand's still broken. Well, anyway, inside here, let
• 14:16
  me see if I can get this open. Hold on a second.
• 14:23
  OK. All right, let's say you want to
• 14:29
  buy. These are my new.
• 14:30
  I've always loved these. That's a Krugerrand, South
• 14:34
  African Krugerrand. Isn't that beautiful?
• 14:36
  I mean, just look at the back. It's got some animal on it,
• 14:39
  which I used to know the name of, but I'm, I'm not prepared
• 14:42
  for class in Pfc. Look at that.
• 14:45
  Oh, man, get a little closer. OK, so if you, if you lived in
• 14:50
  Europe and you wanted to buy one of those, I'm going to knock
• 14:53
  those coins over. I know it.
• 14:55
  But we'll just hold on. Hold on a second.
• 15:01
  You got to pay for the price of silver, You got to pay the
• 15:04
  premium and 20%, is that the way it works?
• 15:07
  Somebody from Europe who's on the law, we got, we have 5400
• 15:11
  people all over the world on a Saturday.
• 15:14
  Thank you for being here. Somebody from Europe tell me, is
• 15:16
  that the way it works? Tell us in the comments section,
• 15:19
  Right. You pay the price of the silver,
• 15:21
  you pay the premium, and then you pay 20%.
• 15:25
  Absolutely crazy. Let's go over to Pinbec's real
• 15:28
  quickly. I just want to look and see how
• 15:31
  much right now Krugerrands are selling for.
• 15:37
  OK, 31 dot wow, as low as 31 dollars.
• 15:44
  You know how that works? That's if you pay with cash and
• 15:46
  you buy 500 or more. But here I'll click on it.
• 15:48
  We'll see. 32 under $32. That is incredible.
• 15:54
  You got to acknowledge that. So, yeah, I mean, basically if
• 15:58
  you're buying crew grants, you're paying $32, OK, So that's
• 16:03
  the price of silver 29, let's say $30.
• 16:06
  You're paying a couple dollars in premium.
• 16:08
  But if you were some in some of these countries, I mean
• 16:10
  Argentina, I'm hearing they have like a 50% tax on silver.
• 16:16
  I mean, unbelievable. But if you're in Europe, you're
• 16:18
  paying, you're paying another $6, you're paying $38 for one
• 16:22
  ounce of silver. That doesn't make sense.
• 16:25
  Central banks, the central banks are scrambling to buy gold.
• 16:31
  OK, I want you to ask yourself a question.
• 16:34
  And that is why? OK, 'cause we're getting, we got
• 16:38
  big news coming down the Pike this summer.
• 16:40
  OK, yes, buckle up, buttercup, and we are going to talk about
• 16:44
  the big event going on. Comex is the Comex breaking?
• 16:48
  All right, I'll give you a little sneak peek.
• 16:49
  We're going to talk about that and I'm going to tell you why.
• 16:52
  Look, nobody knows for sure. We know it's going to happen,
• 16:55
  but is it happening right now before our very eyes right now?
• 16:59
  We're going to talk about that. OK?
• 17:01
  But ask yourself, why are these banks?
• 17:03
  This is big news. I mean, there's a massive,
• 17:07
  there's a massive bricks meeting later this summer in Russia,
• 17:13
  right? Everybody in the world is
• 17:15
  rushing to join the bricks. We're going to talk later about
• 17:18
  Vietnam, who I thought was our ally, but they made big moves
• 17:22
  with Russia recently, North Korea.
• 17:25
  Anyway, massive news coming down the Pike from these bricks about
• 17:30
  in Everyone knows whatever they do, right 'cause this is, this
• 17:34
  is one of those little tidbits, right?
• 17:37
  One of those, you want to see the forest through the trees,
• 17:40
  right? I know you're smarter than the
• 17:42
  average bear. You just don't look at
• 17:43
  everything on the surface, now, do you, basement dweller?
• 17:47
  No, you don't. You will you go A level deeper.
• 17:49
  You just don't play checkers. No, you play chess.
• 17:52
  No, wait a minute. You don't play just chess, you
• 17:56
  play 3D chess, OK, right, right. And so you got to think about
• 18:01
  this. And this is a 3D chess with a
• 18:04
  type of of, of idea. OK, yes, everybody knows gold
• 18:09
  and silver have been valuable forever, blah, blah, blah, blah.
• 18:12
  We know that. OK, yes, right.
• 18:14
  That's like surface level, right?
• 18:16
  When but when you think about these bricks, ain't this is
• 18:19
  real. OK, You're talking about the
• 18:21
  vast majority. Well, the majority I, I
• 18:25
  exaggerated of the world's population aligning themselves
• 18:28
  de dollarizing. But this is the 3D chess concept
• 18:32
  that we gotta understand. They're selling the dollar,
• 18:36
  which makes the dollar go down in value, right?
• 18:38
  OK. But the big concept that we need
• 18:41
  to remember is this. What are they going to do if
• 18:46
  they're selling their dollars, right?
• 18:48
  Think about this. They don't.
• 18:50
  They may not trust the dollar or want to be involved in the
• 18:52
  dollar, but they trust each other probably even a little bit
• 18:57
  less. So where are they going to go?
• 18:59
  Who they going to call Ghostbusters?
• 19:02
  They're gonna call their friends silver and gold.
• 19:05
  They're gonna want to rely on some real assets, something
• 19:08
  that's lasted thousands of years to be there to help facilitate,
• 19:13
  right? The settling of, of, of, of
• 19:17
  transaction imbalances between themselves, probably on a
• 19:21
  monthly, maybe on a quarterly basis.
• 19:23
  And that's what the smartest guys in the room are talking
• 19:26
  about right now, that somehow they're gonna incorporate gold,
• 19:31
  they're gonna incorporate silver, maybe some other basket
• 19:34
  of commodities into, into like a monthly or a quarterly
• 19:38
  settlement process, right? So that they can kind of equal
• 19:41
  things out amongst themselves 'cause they don't want to sit
• 19:44
  holding a bunch of their each. They, they all know I got, I got
• 19:47
  a secret for you. They all know that this stuff,
• 19:51
  right? And not just these, but even the
• 19:53
  ones that some of the BRICS countries print are just paper
• 19:58
  or worthless. They're nothing more than
• 20:00
  promises. Prom.
• 20:01
  Remember that song? Promises.
• 20:03
  Promises. Yeah.
• 20:06
  You knew you'd never keep. Right?
• 20:09
  Like the United States, Right. Anyway, I digress.
• 20:11
  I digress. So the price of gold and our
• 20:15
  silver in China is so much higher.
• 20:18
  OK. India.
• 20:21
  Right. But let's just talk about silver
• 20:24
  in China briefly. They're the world's leading
• 20:28
  manufacturer of solar panels. Oh, OK.
• 20:32
  Thank you, Susie. You startled me.
• 20:35
  Susie said we have 100 thumbs up.
• 20:37
  Thank you very much, basement dwellers.
• 20:38
  You know what? Let's do this.
• 20:40
  It's been a while. Let's ring.
• 20:43
  Let's ring the silver round 10 times for 100 thumbs up.
• 20:53
  That's 10 and it's a big deal that you're here.
• 20:57
  And I really appreciate all the thumbs up.
• 20:58
  We appreciate all the support that you guys give the channel.
• 21:01
  So China, China's the world's biggest manufacturer of solar
• 21:06
  panels. The story for for silver in the
• 21:09
  solar sector is undeniable, right.
• 21:13
  Crazy what that one bank in Scotland says that like by the
• 21:16
  year 2050 the solar panel industry alone will eat up like
• 21:22
  98% of the world's silver production cause guys there
• 21:26
  ain't no more silver all the all the I got news for you breaking
• 21:30
  news all the easy silver has already been harvested all the
• 21:35
  easy silver to find talk to anybody in the silver I talked
• 21:38
  to the CE OS in the silver mining sector.
• 21:41
  They all say the same thing extremely difficult to find new
• 21:47
  silver deposits. Even harder if if you spend all
• 21:53
  that money drilling trying to find silver, Even harder if
• 21:57
  you're lucky enough to find some silver to then convert it right
• 22:01
  to, to get a permit and to be able to then build a mine.
• 22:06
  So once you get the permit, which is very difficult cause
• 22:08
  like Mexico's not giving out permits right for for strip or
• 22:13
  for open pit mining. So even if you get the permit,
• 22:17
  then you got to figure out how to build the mine.
• 22:19
  And with a total market capitalization of the silver
• 22:24
  mining industry of around $15 billion, yes, that's less than
• 22:28
  5% of the market cap of Home Depot last time I checked,
• 22:32
  right? There's no money in the silver
• 22:34
  mining sector. And then you got to hope the
• 22:37
  mine gets built on time, on budget.
• 22:41
  It's probably in some far-flung country.
• 22:43
  So you got to hope there's not a coup d'etat or anything like
• 22:46
  that. And then you got to hope, right,
• 22:49
  that, that you can hire people to work at the mine.
• 22:51
  And then when they do show up, you got to hope they don't all
• 22:53
  go on strike. And then you got to hope that
• 22:56
  the mine doesn't get flooded. I mean, finding and providing
• 22:59
  new silver back to China. I apologize.
• 23:04
  That's why China's scrambling for silver.
• 23:06
  They are the world's largest solar paint.
• 23:09
  But wait, you probably didn't know this.
• 23:11
  Cause honestly, I had no idea. Because they kept they're,
• 23:15
  they're keeping you in the dark. If you're joining me from the
• 23:19
  USA, if you're joining me from Canada, if you're joining me
• 23:22
  from a Western European country, if you're joining me from
• 23:25
  Australia and you guys are from all over the world, they're
• 23:28
  keeping you in the dark. Because here's the reality.
• 23:31
  This is shocking. Is this why China is another
• 23:34
  reason, another reason why China's sucking up all the world
• 23:38
  silver? OK, I asked Google because I
• 23:42
  read this and I'm like, that's not true.
• 23:44
  China is now the world's largest manufacturer of cars.
• 23:48
  Prove me wrong. If you find data stating
• 23:50
  otherwise, I stand corrected. But this says an estimated 13.4
• 23:55
  million new cars were sold by Chinese car brands such as BYD.
• 24:00
  Remember that a month ago? And you said BYDI mean, I'm
• 24:04
  sorry, maybe I wasn't up to speed, but I've been like, what?
• 24:07
  That was in 2023, according to figures by Jado Dynamics as
• 24:12
  reported by Bloomberg. Those sales topped the 11.9
• 24:19
  million vehicles sold by American brands Ford and
• 24:22
  Chevrolet. The Chinese are but, but not.
• 24:25
  But then think about this, right?
• 24:28
  So cars take a lot of silver, but electric cars take even
• 24:33
  more. So then I wanted to see what
• 24:35
  like percent of cars in China are electric.
• 24:38
  OK, What percentage of new cars in China are EV 50.50%?
• 24:46
  OK guys, guys, this silver story is only getting more and more
• 24:52
  compelling, especially just barely scratching the surface
• 24:57
  looking at China and and India. OK, major bricks meetings.
• 25:01
  There's this thing called Enbridge on top of it.
• 25:04
  Sorry, I'm circling back to that Bricks, big meetings, big new D
• 25:09
  dollarization announcements likely to come project in bridge
• 25:14
  and now some people are saying gold could be incorporated into
• 25:17
  that as well. Things are happening at a very,
• 25:21
  very, very rapid pace. Are you ready for the big event?
• 25:25
  Is the Comex done? The OBMA, the London Million
• 25:28
  Market Association over in London, England, the longest
• 25:32
  stretch of silver and gold price manipulation on the history of
• 25:37
  the planet, right? Yes.
• 25:39
  They love to watch Ron's basement at the LBMA.
• 25:41
  I've got a a little insider who sent me an e-mail and said these
• 25:44
  guys love watching and love hearing what you have to say.
• 25:47
  The real news about silver. I don't know.
• 25:50
  We'll see. So hello to all our friends at
• 25:52
  the LBMA from the basement here in Saint Louis, the middle of
• 25:56
  the country. But are you done?
• 25:58
  Are they done? Is the is the Comex and the LBMA
• 26:03
  finished? Let me let me throw this out
• 26:06
  there. OK, I want you to think about
• 26:07
  this. OK, If we're going to see a
• 26:12
  termination of the decades long silver and gold for that matter,
• 26:18
  I'm going to say a lot about silver, but I'm talking about
• 26:20
  gold as well. A decades long period of
• 26:24
  manipulation of the price of gold and silver.
• 26:27
  OK, it is not. This is a 3D chess moment, 3
• 26:31
  dimensional chess. You got to put your thinking cap
• 26:34
  on if the Comex was going to blow.
• 26:36
  And we know, right, like guys like Andrew McGuire, the people
• 26:40
  that really study that the mechanics of what's going on at
• 26:44
  the Comex and the LBMA with silver and gold, that things are
• 26:48
  getting very, very screwy. We know they've manipulated the
• 26:51
  price for decades and decades. If it was going to blow up, if
• 26:57
  it was going to have the big event, wouldn't you suspect that
• 27:02
  we would see massive, I mean, massive amounts of strange price
• 27:09
  behavior, strange volatility? So then I'll ask you that.
• 27:12
  OK, OK, I'll ask you that. Is that what we're having right
• 27:17
  now? We talked about silver, right
• 27:20
  three out of the four last Friday, silver had massive
• 27:23
  unexplained, unexplained. That's that's key news
• 27:27
  volatility. We're having a breakdown in what
• 27:31
  are these traditional Co relationships, right?
• 27:34
  Like, oh, if the dollar goes up, silver and gold should go down.
• 27:38
  Well, that broke down the the relationship of gold and silver
• 27:42
  with interest rates. That's been Bray.
• 27:44
  There's all kinds of Co relations, right Jake from
• 27:47
  Jake's custom parts point out that the Co relations aren't
• 27:50
  working anymore. Think about take a step back and
• 27:53
  think about it. If we were right now in the
• 27:57
  beginning phases, maybe the middle phases of the big event,
• 28:02
  when we talk about true price discovery on the Comex and the
• 28:06
  LBMA, and when I talk about true price discovery for like silver,
• 28:11
  I'm, I'm the number that comes into my mind right now is like
• 28:14
  $124 per oz, something significantly higher than where
• 28:19
  we are right now. If it were happening, what did
• 28:22
  we have? Unexplained moves, unexplained
• 28:26
  volatility like our friend Oren the silver Hermit said on on his
• 28:31
  tweet at the beginning of the show.
• 28:32
  Like there's no real reason like for Friday, why did silver go
• 28:36
  down? Doesn't make any sense.
• 28:38
  Are they, are they, are they performing their last act?
• 28:42
  Are they performing the desperate, the desperate moves
• 28:47
  of a dying institution? Right.
• 28:50
  Because guys, think about it, if it went on for all those
• 28:53
  decades, price manipulation at the Comex and the LBMA and it's
• 28:58
  been building up for all those decades, when it falls apart, is
• 29:03
  it going to be like a no? When it falls apart, it's going
• 29:06
  to be volatile and it's going to be absolutely crazy.
• 29:10
  So I will say, buckle up, buttercup, right?
• 29:16
  The other thing that we have to consider as we look at this
• 29:18
  right, this are we at the end, are the higher prices, right?
• 29:22
  We, I know we feel a little beat up lately, right?
• 29:25
  And we are beat up within the silver and gold.
• 29:27
  We've been, we've been, but we've been beat up at a much
• 29:30
  higher price range. It's it isn't already starting.
• 29:34
  Remember silver's $29.50 per oz right now, OK.
• 29:39
  And this is we gets even more interesting, even more
• 29:44
  interesting. So you think, well, Pro Silver
• 29:46
  can't explode gold. Think about this, right in the
• 29:50
  1970s, that latter half of the of the 1970s, seventy, 677-7879
• 29:56
  and 80, right, silver and gold went absolutely bonkers in
• 30:02
  price. And that had occurred just
• 30:05
  subsequent to them actually setting up a lot of these
• 30:09
  futures markets. And we know they did that with
• 30:11
  the express intention to induce volatility into those markets to
• 30:16
  discourage people like you and me from buying gold and silver.
• 30:21
  Put it all together, right? If right now we're in the
• 30:25
  process, if we are, look, I don't have a crystal ball.
• 30:29
  Don't make any financial decisions based on anything I'm
• 30:32
  saying. But it it, it, it do you
• 30:35
  believe? Do you believe it's eventually
• 30:37
  going to happen? I believe it's eventually going
• 30:41
  to heads mathematics. You know the COMEX and the true
• 30:43
  price discovery will happen, right?
• 30:47
  If we're in the middle of it right now, what we're seeing
• 30:51
  right when we look back a month from now, maybe a year from now,
• 30:57
  if we if, if it, if we do have this major event, we're gonna
• 31:00
  look back and say, wow, that explains why we had such crazy
• 31:04
  price behavior and silver, why we had such crazy price behavior
• 31:08
  and gold and it's not that crazy. 124 dollars silver.
• 31:13
  Are you kidding me? What are we at now, 30?
• 31:16
  That's like silver going up 4X. Silver went up way more than
• 31:21
  that during the 1970s. Way, way, way more.
• 31:26
  And that was right after they, that was when they just first
• 31:29
  started manipulating the price through the electronic
• 31:33
  exchanges. So now that we've got this built
• 31:35
  up, I mean, decades, decades, guys of of a build up of
• 31:42
  manipulation, like, you know, that spring has been coiled so
• 31:46
  tight that if it does break this time, yeah, you know what?
• 31:51
  200, three, $100 silver. I know, I know it.
• 31:55
  It seems crazy. Could silver go up 10 times?
• 31:59
  Yes, it could. You know, hey, why not?
• 32:03
  Apple stock went up 10 times. Bitcoin went up 10 times.
• 32:07
  All kinds of things go up 10. But silver, Oh no, oh, the the
• 32:12
  most manipulated metal in the world, I mean, and don't forget,
• 32:16
  I want you to remember this about silver in particular,
• 32:20
  right? Silver's still far, far, far
• 32:23
  away from its nominal, nominal all time high.
• 32:28
  Not inflation adjusted. If you inflation adjusted,
• 32:31
  right, the, the $50.00 that was you know what, 2011, that was
• 32:36
  almost 14 years ago, 13, whatever, OK.
• 32:41
  And we're at 30 now per oz in silver.
• 32:45
  What look at gold, it's at all new, new all time highs on a
• 32:49
  nominal basis, right? All kinds of things, right?
• 32:52
  I mean, on a nominal, I mean, it's just it, it's, it's
• 32:55
  absolutely. And what caused it during the 19
• 32:58
  side. Do you know that?
• 32:59
  And right now, what we're living through this situation right now
• 33:03
  in the economy, in the monetary system, in the geopolitical
• 33:07
  system, how does what we're dealing with right now, right,
• 33:11
  compared to the 1970s, have you given that any thought, right?
• 33:15
  Have you had considered that at all, right?
• 33:18
  Because you know what? I got news for you, Buttercup.
• 33:20
  So, yeah, buckle up, Buttercup, 'cause maybe we are in the big
• 33:24
  event right now. Maybe this is the big event.
• 33:28
  I could be wrong, and I'm not saying for sure that I believe
• 33:31
  that to be the case, but it's on some level I believe that we're
• 33:36
  in the beginning phases of the big event.
• 33:39
  I listen, I dig in, I apply whatever common sense is up here
• 33:45
  in this vacuum between my ears. And doesn't it feel like we're
• 33:50
  in a very strange environment? Stagflation.
• 33:55
  Yeah. The S word.
• 33:56
  OK. The S word, guys.
• 34:00
  Uh oh, you got 200. Hey, we got 200 thumbs up.
• 34:05
  Sorry I can't move my hand too well still, but 200 thumbs up.
• 34:09
  OK, let's ring the cowbell. Thank you for the thumbs up.
• 34:15
  Thank you guys for all the support of the channel.
• 34:18
  Thank you for the Super chats. Thank you when you send me a
• 34:21
  silver round or silver coin in the mail.
• 34:23
  We appreciate it, OK, But stagflation's what caused this
• 34:27
  to happen during the 1970s. We're going, we're going in.
• 34:31
  We're we're be prepared because it is inevitable that we are
• 34:37
  heading into a higher inflation environment.
• 34:40
  If 10 years from now a loaf of bread does not cost $10, OK, I
• 34:47
  would be shocked. I would be absolutely shocked.
• 34:50
  If 10 years from now you could get a gallon of milk for less
• 34:57
  than $15. I would be shocked, OK?
• 35:00
  It's just when you look at the numbers, when you face the
• 35:03
  reality of what's gone on with the US dollar, it's inevitable
• 35:08
  we're going to have massive high inflation going forward.
• 35:12
  OK, Stagflation. And what that means is not only
• 35:16
  do we have this big period of inflation, that's deflation and
• 35:21
  stagflation, but we also have a stagnant economy or a, or a
• 35:27
  shrinking economy. And you know, the the evidence
• 35:31
  is everywhere. I mean, have you, they're not
• 35:34
  telling you this, but the residential real estate market
• 35:38
  is kind of like up a Creek without a paddle right now, OK,
• 35:42
  it is frozen. It is not a good situation.
• 35:46
  And think about this guys, check your calendar.
• 35:50
  As last I checked we're in June, OK, spring and early June.
• 35:56
  Sorry, I had a nose itch. There are the are the are the
• 35:58
  traditionally the hottest times of the year for residential real
• 36:03
  estate. So are you kidding us?
• 36:05
  You're going to tell us that the economy's strong?
• 36:07
  Go drive around. I was.
• 36:09
  I took my daughters to Six Flags the other day.
• 36:11
  And we go down this long road with every restaurant known to
• 36:13
  man. They closed Burger King, for
• 36:17
  crying out loud, you know, and they closed a couple other
• 36:20
  restaurants as well, Steak and Shake and a few things are
• 36:23
  shutting down. And those are just little small
• 36:26
  examples. Talk to anyone who works in the
• 36:28
  home improvement sector. They'll tell you things are
• 36:32
  slowing down, there's no doubt about it.
• 36:34
  Let's go. I want to go through the notes
• 36:36
  to make sure I hit all these points because remember, if we
• 36:40
  are in the big event right now, and I believe we surely are
• 36:45
  where we're going to see right the potential for the for the
• 36:49
  silver price to have true price discovery, right?
• 36:53
  What would what would be happening?
• 36:55
  Volatility check. OK, it's absolutely happening
• 37:00
  right now and that's what we need to remember.
• 37:04
  Oh, this is crazy. This, this proves it.
• 37:07
  But wait, there's a lot more, a lot, lot more.
• 37:11
  OK, this proves it. I'll do this from memory with
• 37:15
  you. If you look at, if you analyze
• 37:18
  silver and we'll talk about gold in this regard as well, but over
• 37:21
  any long period of time, decades long period of time, if you
• 37:25
  analyze the silver price, OK, And you look at it, if it was
• 37:30
  only traded on the COMEX, if silver was only traded on the
• 37:34
  COMEX for like the last 40-50 years, whatever the price of
• 37:38
  silver would be less than $1.00 per oz.
• 37:42
  Do you believe that, right. That's because the COMEX during
• 37:46
  their trading hours is bashed down down, down the price of
• 37:50
  silver. If you if you looked at the at
• 37:53
  the price of silver traded outside of the COMEX hours.
• 37:58
  So when it's traded in in in Asia, basically.
• 38:01
  OK, you had a couple super chats.
• 38:05
  Oh, OK, yeah, no, I'll go back. Thank you guys for the Super
• 38:08
  chats. I will recognize them.
• 38:09
  Thank you. Thank you.
• 38:10
  But if you look at the price of silver as it's traded outside,
• 38:14
  OK, if you take out the COMEX, 'cause remember, if it's
• 38:17
  silver's just traded on COMEX during those hours, if that was
• 38:20
  it, silver would be like less than a dollar per oz.
• 38:24
  If you look at it just when it's traded outside of the COMEX
• 38:28
  hours, silver would be like hundreds of dollars per oz.
• 38:34
  Think about that, OK? And gold, it's the same thing.
• 38:38
  I don't know the specific numbers but it's the same thing.
• 38:40
  Gold would be. I heard something like
• 38:43
  somewhere. If I remember this correctly, if
• 38:45
  if you took out just the comex trading hours for gold and only
• 38:49
  analyzed it based on the non comex hours where it's traded in
• 38:54
  Asia and whatnot. Gold would be if I I don't quote
• 38:58
  me on this but it would be at least 10,000 and I think if I
• 39:02
  remember correctly over $20,000 per oz.
• 39:06
  And doesn't that seem like the more reasonable value?
• 39:09
  Isn't that interesting to me? That's very, very interesting.
• 39:13
  Look, somebody gave us some money.
• 39:15
  Let's go out here and say thank you.
• 39:18
  OK. Thank you.
• 39:19
  Thank you, Craig. Hello, Craig.
• 39:22
  Thank you for the Super chat. It's all explained here by Ron.
• 39:26
  Well, I give you my perspective. I encourage each and every one
• 39:29
  of you to do your own due diligence.
• 39:31
  Thank you, Craig, for the Super chat.
• 39:33
  Hey, thank you. I appreciate that Joe 'cause you
• 39:36
  know what, I do work really hard, believe it or not, to put
• 39:39
  these super, super chats, the Super chats super appreciate it
• 39:42
  to put these live streams together.
• 39:45
  OK, so thank you. Thank you.
• 39:47
  Hey, I want to point out real quickly guys, Fortuna Silver
• 39:51
  Mining has changed their name to Fortuna Mining and they have a
• 39:55
  new website. You know what, let me just this
• 39:58
  will be quick. You can check this out for
• 40:00
  yourself, but I would encourage you.
• 40:02
  This is their new website. Fortuna Mining is the new
• 40:05
  company logo, right? But same great company, same
• 40:09
  great management team, same great minds.
• 40:13
  I'm going to talk to them this week because they just put out
• 40:16
  drill results from West Africa that to me appear to be almost
• 40:22
  unbelievable. So if you get a chance and you
• 40:25
  want to help support one of one of the Ron's basement sponsors,
• 40:28
  go check out Fortuna Silver's website.
• 40:30
  And let's say thank you to our friends also at First Mining
• 40:35
  Gold. They've also had some great news
• 40:37
  out in the last week of a new agreement with one of the First
• 40:40
  Nations at their spring pole project in Ontario and some
• 40:46
  great drill results from their Du Parque project in Quebec,
• 40:49
  firstmininggold.com. And you can check out Fortuna at
• 40:53
  Fortuna mining.com. Oh my gosh, make sure we're we
• 40:59
  got all the, we got, you know, another whole page, but I don't
• 41:03
  think we're going to be able to get through it.
• 41:07
  Where are you joining me from, Buttercup, huh?
• 41:10
  Yeah, I'm talking to you. It's really it's me and you and
• 41:13
  a bunch of yous and a bunch of me.
• 41:15
  I'm your you. We're from all over the world.
• 41:17
  Put it in the chat. I'd be curious to see where you
• 41:21
  guys are joining us from because we got people.
• 41:24
  Hello, Jerry. Hello, Matt.
• 41:26
  All right. Hey.
• 41:28
  Thank you. Oh, good.
• 41:29
  You subscribe. Hey, don't forget.
• 41:30
  Hey, there's Coin Shop Chris. I'll say it again, guys.
• 41:33
  Coin Shop Chris has his own channel.
• 41:35
  Go check it out. Check out what he's doing.
• 41:37
  Subscribe to Chris. He's a good man and a good
• 41:40
  friend. We need to have him on here on a
• 41:41
  live stream with us soon. What do you say about that?
• 41:44
  OK, all right, guys, you know what?
• 41:47
  I'm going to wrap it up for today.
• 41:48
  I appreciate each and every one of you being here.
• 41:51
  We're in for some interesting movement, right?
• 41:54
  Are we in the big event right now?
• 41:56
  Does that explain why the silver price makes no sense?
• 42:02
  I mean, we know that it's been manipulated out, but does that
• 42:04
  explain why do we have these big moves like on Friday for no
• 42:09
  apparent reason, right, right. Is that the reason why because
• 42:14
  there's big stress going on at the big electronic exchanges?
• 42:18
  Look, I don't know for sure, but you got to consider the fact
• 42:23
  that if and when by the COMEX after decades of price
• 42:29
  manipulation, if it is going to break down and we are going to
• 42:32
  see true price discovery, right, based on the physical value of
• 42:39
  the metal, right, that it's going to be volatile.
• 42:42
  And I think you know if we look at three of the last four
• 42:44
  Fridays and the price of silver dropping by 4 dollars, I think
• 42:48
  that qualifies as being volatile.
• 42:50
  And it gets even crazier when we look overseas to China and see a
• 42:55
  silver price, right, 4-5 dollars per oz higher.
• 42:59
  What, how how does that compute? How does that make sense?
• 43:03
  All right. Thank you for being here.
• 43:05
  Have a great day, and I'll look forward to seeing you soon.
• 43:08
  Bye bye.