Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / PREDICTION for SILVER Robert Kiyosaki - (Precious Metals Prices)

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PREDICTION for SILVER Robert Kiyosaki - (Precious Metals Prices) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

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$3000 silver. Don't get mad at me, I'm not
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saying it. I will tell you who is saying it
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and why they are saying it a little bit later in this live
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stream, which is focused on gold and silver for the basement
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dweller community and also for people in the crypto community
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who've been begging me to do more gold and silver focus
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content, this is for you. We're going to get up to speed
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on what is happening in the precious metal sector because it
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is absolutely amazing what is going on.
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So thank you for being here. Thanks for joining me in the
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basement. You know, you're always welcome
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here. I hope you found a little home
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away from home, a little escape from reality where we can talk
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about what we love to talk about.
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Now, let's focus on one thing before we get to the $3000
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silver. Did I say gold earlier?
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If I did, I meant to say silver. But before we get to.
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Yeah, you heard that right, $3000 silver.
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Let's talk about gold and what is going on right now in the
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gold market. Gold is like the original form
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of decentralized finance, the original account keeper for the
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world's wealth. And it is, it is at all time
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high levels. But I want you to think about
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two things cuz there's even more, there's even more to be
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excited about when we think about gold and where the price
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could go, cuz there's two things that haven't even happened yet.
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They could create just an unbelievable new wave of demand
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for gold and the precious metals markets as a whole.
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Number one. Number one, we haven't even had
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retail mania happened with gold yet.
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People are just now starting to talk about gold.
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I was at a couple of family functions yesterday and people
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who I am related to, who are heavily, you know, into the
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investment world started to mention gold and mention it to
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me because they know that I've come up as a gold and silver
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maxi over the years. So people are just now starting
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to realize what's going on in the gold market.
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So if we get retail, Oh my gosh, imagine if we get retail
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involvement in the gold and silver markets in the West.
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We know what's going on in China.
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We'll talk about China here a little bit later.
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If just, if just more than .5% of the United States wealth was
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invested in gold and silver, imagine what that would do for
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demand, right? Because we still are the
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wealthiest country in the world. The other thing, guys, it hasn't
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even happened yet, right? It hasn't even happened yet.
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Hold on, we got to break them out.
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Trump's giving him a really hard time.
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But our old buddy Jerome Powell, right there he is with his
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toilet paper money. He hasn't even started to really
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loosen to really pivot, right? And we know Trump is good.
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So those two things that could happen could like be like rocket
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fuel, double nitrous afterburner for the gold and silver markets.
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Now let's talk about this $3000 silver number.
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Imagine this, right? Big 10, the Silvershire sent
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that one to me. Imagine if that was worth $3000
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and that it were to happen within the next 10 years.
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Let's go out and see what Robert Kiyosaki is saying.
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And Robert Kiyosaki, best selling author, highly respected
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guy says here. Oh, boy.
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Hold on. Let me back up.
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Let's talk about. Sorry, guys, I had the
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microphone muted. We're going to talk about Robert
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Kiyosaki. Hold on one second.
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Let me check in with Susie. We're having some technical
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issues here. I wonder if she has her walkie
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on. Hey, Susie, do you have your
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walkie on over? Nope, she does not.
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OK, so we're we're going to go to Robert Kiyosaki, welcome to
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live streaming. Welcome to the basement and see
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what he's saying. This is where we're getting the
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$3000 silver number from, right? He says we could be in a greater
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depression. He urges followers to act fast.
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This was on an April 19th. So just two days ago, he posted
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this on X again talking about a greater depression possibility.
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The credit card debt, U.S. debt, everything's at all time highs.
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Pensions are being stolen. the US could be headed for this
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greater depression. The investor then said he saw it
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coming years ago, claiming that his passbooks like The Rich
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Dad's Prophecy and Who Stole My Pension, predicted the financial
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chaos now unfolding. Now he believes the crash is
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underway and that bold action is needed.
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His advice, right, Buy Bitcoin, buy gold and buy silver.
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So he says, you know, crypto's OK, right?
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Gold and silver. I'm of the belief, right?
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These are all three gold, silver, Bitcoin, crypto are all
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forms of decentralized finance. They can save people.
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And I think that's what Robert Kiyosaki is saying here as well.
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He says, quote, I strongly believe that by 2035 one Bitcoin
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could be worth over $1 million. Gold will be $30,000 per oz and
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silver $3000 a coin, he wrote. So that's what he's saying.
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I mean, guys, look, is it out of the question is I mean, do you
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think it's out of the question? I don't think it's out of the
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question. I think when we look at the
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fiscal situation, excuse me, when we look at all the factors
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that are unfolding in front of us right now, these numbers are
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not out of the question. Hey, thank you.
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We got 100 people joining us here on YouTube.
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This is the first YouTube specific gold and silver
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specific live stream we've done in a long time.
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It's good to see everybody here. It's good to have all the new
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people also from crypto who are very interested in gold and
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silver. Guys, I'm telling you the silver
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and gold community and the crypto community shares 99% of
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the same beliefs in terms of why we invest in what we believe in
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getting away from the Fiat system.
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And I believe that's what our friend Robert Kiyosaki was
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telling us in his in his most recent post.
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OK, now let's go look at gold. This is getting crazy this
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again. We've yet to have the retail
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crowd join in on the on the gold and silver trade.
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But think about this recent development came out last week
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after a surge to record highs, gold overtakes the Magnificent 7
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as the most crowded trade on Wall Street.
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So that means that now gold, right?
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And when we talk about gold, we're talking about silver.
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Yeah, absolutely. But the gold look at this is is
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is totally overtaken the magnificent 7 and I'll read you
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this quickly. According to the Bank of America
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Fund Manager survey published this was last week, nearly half
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of the fund manager surveyed saw a long gold.
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That means people that are investing in gold believing that
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it's going to go higher or bets that gold will rise as the most
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crowded trade in the market right now.
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This marks the first time in two years that fund managers did not
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see the Magnificent 7 as Wall Street's most crowded trade.
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And just to review, because I always have a hard time spewing
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them all out for you, that would be Apple, Alphabet, Google,
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Microsoft, Amazon, Facebook, Meta, Tesla and NVIDIA.
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Guys, remember for years and years, that's all we heard about
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was NVIDIA, Apple, you know, people and gold and silver
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investors would would were just taking pain after pain after
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pain. But now this pendulum has
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shifted. Now we're seeing that the big
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fund managers are starting to look at gold as a strong long
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bet and let's run out and take a take a look at the markets and
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see why there's the gold price. Wow, today that's the futures as
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of that's the future for does it say June 2020 five $3424.00 for
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gold. Look at a one year chart of
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gold. I mean, I don't even need to
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draw a line on there. Look at a five year chart for
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gold. Unbelievable.
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And what this tells us is that the world is losing confidence
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in Fiat money countries, right, when they don't, when they don't
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trust each other, when they don't trust each other's money,
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when they don't trust each other on a geopolitical level, that's
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when they move to gold. And that's exactly what we're
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seeing here right now. But let's go take a look at the
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broader markets because, wow, The Dow Jones down 1100 points,
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the S&P 500 down 3%, the NASDAQ down another 3 1/2 percent.
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Let's take a look at the precious metals prices there.
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We have gold up almost $100, silver green right now.
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Silver, remember? And it's incredible what's going
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on with silver right now. And look at crypto as well, by
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the way, Bitcoin, right, holding in there, holding strong.
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But let's go back to silver. And you may be wondering like,
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how can gold be flying? Why is the gold to silver, the
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gold to silver ratio over 100 right now?
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Well, it's real simple, guys. There's still this bias when it
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comes to silver that a lot of people think of it as an
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industrial metal, right? It is, right?
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We know that. We know that it obviously, you
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know all the uses. I know all the uses for silver.
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However, however, silver's also a monetary metal.
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But that industrial component of silver used in electronics,
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medical equipment, batteries, solar panels, all that people
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think that if the economy slowing down that that'll
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that'll decrease the demand for silver, which it potentially
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could. However, what they're missing is
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the fact that we know, and the numbers just came out from the
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Silver Institute last week, that there's still a massive deficit
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in the silver market. The world is consuming more
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silver every single year and and this year will mark the 4th
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consecutive year that this is the case, that the world
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consumes more silver. Hold on.
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Hold on, Susie. Over.
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Shadow work was asking what about stagflation?
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I know. You know, you tell Shadow Work
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that stagflation's right here. Here.
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All right. Thank you, Susie.
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I appreciate it and thank you. Shadow Work.
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Shadow, Shadow work. You jumped the gun.
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There it is, right there, circled in red.
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Stagflation. I'm going to get to it, but none
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the less, where was I? Yeah, the silver market's
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totally out of balance, OK? We're consuming more silver
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every year then we're producing. The silver mining production is
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like the equivalent of like 4% of the gold mining production.
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There's no very little new pipeline of silver projects
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coming online. Yes, there's some, but I'm
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telling you, when this deficit that's occurring every single
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year in the silver market catches up with the with the
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dwindling supplies that there's only so much silver, right?
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There's only so much silver above ground that price will
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shoot up. It's not like they're going to
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be able to just turn on new silver production from the mines
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once it hits that critical point in the free market takes over.
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That's all she wrote, right? That's all she wrote.
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All right, now let me talk. I'll talk about stagflation,
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then we'll get back to silver. Guys, I don't care what you say,
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OK? I don't care what you say about
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me, right? Because, look, I was talking to
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somebody last night. They're like Ronnie Gold's at
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$3400. I said, I know a year ago when I
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would put out thumbnails that would say $3400 gold, I would
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get attacked. People would say you're a
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pumper. You're you're clickbait, You're
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this, you're that. Well, I said all along, that's
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where I thought the gold price could go.
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I also believe that we could have like 60-70 dollar silver
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one year from now. OK, why?
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I'll tell you why. There's one big reason why,
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right? And that's this.
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That's him, OK. And that's this.
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A recession on one side and inflation on the other.
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Jerome Powell is in a box. That recession and inflation at
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the same time is a stagnant economy with inflation that
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makes for stagflation and that puts the Fed in a box.
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I've been playing with that box for over a year.
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OK, I was right about the gold price.
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I'm not right about everything. I'm not bragging, but I know I'm
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going to be right about the silver price.
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I know also I feel that's also going to be true for crypto as
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well, that we're going to have much higher, higher prices.
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But right now we have a stagnant economy.
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Trump's even saying it, right? Trump's saying the economy.
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You know, I've read something this morning.
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The economy is gonna slow down if Jerome doesn't raise interest
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rates. Well, Jerome knows, I'm sorry,
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lower interest rates, that if he lowers interest rates right now,
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that's going to make inflation even worse.
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And we still have an inflation problem right now.
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And when these tariffs kick in, whatever, right, it could create
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a massive wave of inflation. Well, then what do they got to
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do? Well, they got to deal with
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inflation, so they got to raise interest rates.
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And what does that do? That slows the economy down even
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more. And then what do they have to do
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there? They have to cut interest rates.
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That makes the inflation worse. It's a horrible, horrible circle
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cycle. Jerome Powell was at the Chicago
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Economic Club last week speaking.
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I was listening intently to him. He basically in so many words,
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what I heard. Did you hear what he said?
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I heard Jerome Powell say I'm up a Creek without a paddle, right?
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Drone Powell is probably going to get to a point where he's
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going to want President Trump to fire him because the reality of
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the situation is he's in a very, very difficult situation with
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stagflation. What does that mean for the
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price of silver and gold? You've heard me say it a million
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times. I've been banging this table for
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two years telling you that we're going to go into a
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stagflationary environment. And when you look back simply in
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the 1970's, the last time we had stagflation, it was the Holy
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Grail for silver and gold prices.
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It was incredible for the for the precious metals prices.
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This time, I personally am also going to include crypto in that
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the crypto prices will go absolutely crazy.
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OK, Hey guys. I want to say thank you to you
16:36
for being here. Number one, this is not possible
16:39
without you in your participation.
16:41
You are always welcome in the basement.
16:43
You always have a friend in the basement.
16:45
You don't have to like me. You don't have to agree with me,
16:48
but I'm sorry, I'll always look at you as a friend when you join
16:51
me down here. But I need to say thank you also
16:54
to our sponsors Ledger. Ledger is a French company.
16:57
They are a oh, thank you for the Super chat.
17:00
I'll get to that in one second. Remind me if I forget Ledger is
17:03
a leader in crypto security, right?
17:08
Allowing people to to secure their crypto by keeping the the
17:13
keys to the crypto off the Internet.
17:15
They've helped millions of people all around the world.
17:18
It's a big privilege to have them as a sponsor because they
17:21
are a top tier organization. If you get into crypto, make
17:25
sure you learn about Ledger. Trust me, you don't want to
17:28
learn the hard way like I did and our friends at Moon Pay.
17:32
They're a financial technology company.
17:35
They are helping people all around the world.
17:38
Over 30 million customers, including me, convert Fiat into
17:43
crypto. Moon Pays a top tier
17:44
organization. Their CEO, Ivan is highly
17:48
respected all around the world. So thank you to both Moon Pay
17:52
and Ledger for your sponsorship. Now, where was I?
17:56
And Jerome also has been talking about uncertainty.
17:59
Jerome Powell, things are screwy right now.
18:02
Where's my piece of sheet? My piece of my, my sheet of
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paper, not my piece of sheet. All right, We got so much going
18:10
on. Tariffs are hitting right like
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never before. Geopolitics, right?
18:16
The doge cuts. Now we have Trump saying he's
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going to fire, wants to fire Jerome Powell.
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We are living through truly unprecedented times.
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Let's go take a look at some of the charts.
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First, I need to see who gave a super chat start.
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Here we go. Shadow work.
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Awesome. Thank you, buddy.
18:38
Nice to see you super sticker shadow work.
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All the basement dwellers, all the new people.
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It's really great what we've got going on and I know that the
18:47
people in the precious metals community are doing really well
18:51
during this difficult time. So but thank you.
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Thank you, my friend. Shadow work for the Super chat.
18:58
Let's go out. Let's remember this guys.
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It always bears repeating that we take a look at this.
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Hold on here we go our old friend the cup and handle is
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still in play within the silver market.
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There's a couple ways to look at it.
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I prefer my simple drawing look back in hold on here I'm sorry
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back in 1980 we had the silver price at $50.00 and 1980
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dollars. 2011 did the same thing.
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As you can see, that's the cup and where we are right now is in
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this handle and just oh boy, does it is it just me or does it
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absolutely feel like we are building up massive amounts of
19:47
energy to break out in the silver price?
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Let's go take a look, Pretty. Artwork in 2000. 25, sweetheart.
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Yeah, Thank you, Susie. Everybody say hi to Susie.
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She says I need to update my artwork.
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I certainly will. I think I sent the original that
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to our friend Jake from Jake's Custom Parts.
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Let's go out and just do this is just blows me away when we look
20:14
at the silver price, we're going to go out and look at the
20:17
Oriental Ghost here and get an update on the silver price.
20:24
But he said this gold's in an all time high.
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Again, this is from China. On the ground in China, the
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silver vaults at the Shanghai markets continue to flow out
20:33
significantly. Gold miners and jewelry stocks
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surge with six companies hitting the daily limit.
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Up again, this is in China. This is referring to the silver
20:48
and gold markets. And if we pull up, this is the
20:51
daily Shanghai Gold Exchange and Shanghai Futures Exchange daily
20:57
report, guys. These are cash markets
21:01
basically. And the silver price in China
21:05
right now is actually at $35.13. All right, that again.
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And on the futures market down here at 3521, that's the SGE,
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the gold exchange, and this is the futures.
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And again, AG is the symbol for silver.
21:26
So it's just incredible that in China on the actual physical
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market, we are seeing a, a, a big divergent, a big difference
21:39
between what we're seeing in the United States on the spot
21:42
markets. Let's go take a look.
21:44
This is interesting developments at the Fed.
21:48
This is the CME Group, CME Group Fed watch tool, which shows us
21:53
that in 16 days we will be hearing from the Fed and that
21:58
there is now only an 85% chance of 1/4 point.
22:03
I'm sorry, an 85% chance of no cut, only a 1213% chance that
22:10
we're going to get a cut of 25 basis points or 1/4 of a point.
22:15
But what is interesting on this, what do you think is going to
22:20
happen by December? When we go out to December, it's
22:26
a different story all together. OK, in December we could be in
22:33
for some massive cuts. So here's the current rate, 4.25
22:37
to 4.5 in December. The odds of us having a full
22:44
percentage point lower that would be this right here are
22:50
about 40%. The odds of wow, one and a
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quarter, is that correct? Yeah, Excuse me, 1 1/4% lower is
23:02
at 25%. So basically there's a 2/3
23:05
percent chance that at minimum we're going to have interest
23:09
rates 1% lower. Hold on one second.
23:15
Hold on. Did you say something Susie over
23:18
I said? Something about that markets are
23:22
taking a beating today and the DXY?
23:24
Yep. I'm going to get to the DXY
23:26
next. Thank you.
23:30
You guys are all over me today. Yeah, the markets are definitely
23:34
taking a beating. But guys, look, we're going to
23:35
be down. There's a 65% chance that in one
23:40
year or by the end of the year, 8 months from now, interest
23:43
rates are going to be at least 1% lower.
23:47
I thought we looked at the markets already.
23:49
I believe we did. But we'll just go out there and
23:51
then we're going to look at the DXY because that is a major,
23:54
major development that we need to keep an eye on.
23:57
Let's go to the US markets. Yeah, and let's get the right
24:02
screen up. There we go.
24:04
So the Dow still down 3%, the NASDAQ down almost 3 1/2
24:09
percent. Really, really crazy.
24:11
Now, there's one thing that will absolutely continue to have a
24:17
major impact on the price of precious metals and I believe
24:21
crypto as well, and that's the dollar index.
24:27
And if we look at the DXY index here, unbelievable guys.
24:31
We were following this closely last week.
24:33
Hold on, let's do a five day. Yeah, we were above 100 last
24:40
week kind of dipped below, but we are now way below 198.43.
24:47
This is a massive move for one day in the dollar index down 1%.
24:53
That is pretty much was that crash, but a a very extreme move
24:59
and and because you want to see it and I want to show it it.
25:05
This is probably one of the most encouraging things that we can
25:10
look at in the market right now, whether we're looking at
25:13
precious metals or crypto currencies, and that is that
25:18
this dollar index could go way lower.
25:22
Everybody was so concerned about it breaking below 100.
25:25
But guys, if we look back here, right, look at this long period
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of time from oh, let's say I don't know about O 8 through
25:39
through January, that six year period we were we were down all
25:43
the way down here a couple times with a DXY index of 75.
25:48
That could be absolutely crazy for the silver and gold price
25:55
and and for crypto prices as well.
25:57
Now if we look at this period of time, which is basically from
26:04
about 2001 through 2011 where I drew that red line, you can see
26:10
the DXY index went down probably from about 120 all the way down
26:15
to 75. That's a period of time where
26:18
silver for instance, went from about $5 per oz.
26:24
That was just after the tech bubble burst and all over that
26:27
10 year period went silver went from $5 all the way to $50 per
26:32
oz. Sorry about that.
26:47
Thanks for hopping on with me here today.
26:50
I've been fighting some horrible allergies.
26:52
So sorry about the muting and unmuting of the microphone.
26:56
But I just really feel like as we look out into the next 12345
27:02
years and when we look at everything going on, all the
27:06
uncertainty that we're facing, right, the value of the dollar,
27:11
right, at minimum in real terms, there's no mathematical way
27:15
possible that the dollar can't continue to lose value in real
27:20
terms. And when we look at that DXY
27:22
index, right, in relative index terms as well, I think that the
27:28
precious metals and the crypto markets both have like a lot, a
27:33
lot, a lot of run ahead of them. When we couple that with the
27:37
fact that we have the stagflationary environment,
27:40
right, that the United States unfortunately has kind of cooked
27:43
its own goose, I think we're in for some good times ahead.
27:46
Hey, thanks for joining me. Don't forget, like share,
27:49
subscribe and I'll look forward to seeing you next time.
27:52
Thank you.