Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **$200 Silver Price!** 🔥🔥 You BEST Listen to THIS Analyst - (Precious Metals Gold NEWS)

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**$200 Silver Price!** 🔥🔥 You BEST Listen to THIS Analyst - (Precious Metals Gold NEWS) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

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Massive developing stories in the precious metals market, Yes,
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the silver price and gold price are doing quite well today,
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which was not an active trading day in all the US markets.
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But we want to talk about what we want to talk about, right, is
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like massive historic moves to come and we got a lot of stories
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to cover. The biggest story of course is
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you. Thank you for joining us here in
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the basement. We are the basement dwellers.
0:26
We believe in the future of silver and gold because we
0:31
understand history and mathematics.
0:35
We're going to take a look at the silver price, talk about
0:37
what's going on, what caused the move today.
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There's a lot of confusing information out there.
0:41
But we're also going to talk about $200 silver yet again,
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right? They're finally starting to talk
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about $200 silver, as we requested.
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Before we get the $300 silver, we've got another chart.
0:56
I won't even tell you what the price is that this chart says
1:00
the silver price could be at and it could be there right now,
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silver shortages. Paul Volcker, what did he say?
1:08
And we're going to cover what a big crypto, a massive like
1:12
million follower crypto account is saying about silver and gold.
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And we're going to cover the Harami Cross.
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Oh yeah, we're going to learn about the Harami Cross together.
1:23
But let's go take a look at that silver price and gold price.
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We love gold too, don't get us wrong, and the gold mining
1:30
stocks. And we're going to head out to
1:32
Kitco and check out where we are right now, $77.63.
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Hey, guys, look, last week there was a point where we were at
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like $73.60. So we're doing quite well.
1:47
What's the reason behind this? Let's go out to Kitco, who
1:51
shared this this morning. Spot gold prices and spot silver
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prices are sharply higher on Monday, trading as weaker U.S.
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dollar noise, lower Treasury yield expectations, big time
2:04
noise and a sharp drop in crude oil prices supported precious
2:09
metals. Noise, noise, noise.
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At the time of writing, gold was at 4550 and silver was at 7780.
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Where was silver when we just looked?
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We're we're pretty darn close guys.
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Look, 7760 we've had quite a move up in particular again,
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when we look back just six days ago when the silver price
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touched like the $7473.50 per oz level.
2:37
But wait, there's more because they're, they're saying that
2:41
we're going to have peace in the Middle East.
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But then we get this headline from Zero Hedge just a few hours
2:47
ago saying there's reports of deadly US Israeli air strikes on
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Iran's port of Bandar Abbas as Trump issues and rate enriched
2:57
uranium demand. And then I found this
2:59
interesting, fighter jets attacking 2 boats.
3:03
Iran lifted their Internet ban is Israel dramatically ramps up
3:07
its war and bombing of Lebanon, right?
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We're not even really, that's not getting much attention.
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But this is what's interesting. Al Arabiya claims that Tehran,
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Tehran is ready to transfer highly enriched uranium to
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China. Oh, interesting.
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Very interesting how China is getting involved in this.
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Look, there's a lot of conflicting reports, a lot of
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noise, and who knows what's going to happen with the Middle
3:36
East situation. I'm not a political analyst.
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I follow the silver and gold price.
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And to me, it's important, don't get me wrong.
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And me personally, I'm not really in favor of war, but I
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think that when it comes to silver and gold, all this stuff
3:50
that's happening right now, the oil price, interest rates,
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really guys, it's all a bunch of noise.
3:56
The long term fundamental story for gold and silver remain
3:59
intact. Let's learn about the Harami
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Cross. This is new and it's bullish for
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the silver price. We had a chart come out this
4:10
morning from this gentleman, the A dollar trader, he said.
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Silver is opening the week with a bullish kicker candle.
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Hey, the silver price got a swift kick in the rear, OK,
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gapping higher and pushing back toward the 50 day moving average
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after several sessions of sideways consolidation near
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support. Today's open was one of the more
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more bullish scenarios that silver bowls could have hoped
4:38
for to start the week. And then he shares this more
4:41
information. But we're going to get right to
4:43
the meat. We're going to learn about the
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right here, the Harami cross and the spinning top.
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We're going to do a little education guys.
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These are Candlestick, this is a key called a Candlestick chart.
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Japanese, it's Japanese origins, very interesting, but the Harami
5:01
cross is a very bullish indicator and we had a spinning
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top. Don't worry, we're going to
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we're going to learn about that in the blue line before we get
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into that right here. This blue line that you can see
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kind of back in here is the 50 day moving average and we are
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fighting to get back above that. That would be very bullish.
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But we did have a Harami cross. Now let's go.
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I have something prepared for you so that we could learn about
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this together. The Harami cross, let's go to
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the top, is a 2 candle reversal pattern where a large candle is
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followed by a doji, a candle with virtually identical open
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and close prices that is completely contained within the
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body of the previous candle. It signals that the current
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trend is losing momentum and may reverse.
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So here we go right here. For those of you who are new, I
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love these Candlestick charts. This is called a candle.
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A candle. This represents either like if
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it's a one day candle or a one week candle.
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But when it's red, OK, the body of the candle represents up
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here. That's where it opened.
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Like if this is for the day, that's where the price opened
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and down here is where it closed.
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The Wicks that go off the top, right like that right there,
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I'll erase that. Should have used a different
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color. That represents the highest
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point that the price got during the day in this is the lowest
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point. Now when we've got this Harami
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situation like they're talking about again, right?
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It's one big candle. So on this day, the price opened
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way up here, closed way down here.
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But the next day this candle like as you can see the body of
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this candle is very small. So the open and close price were
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very close, but the entire price swing was within.
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So that let's go back to that chart is what happened right
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here. You can see there was a big red
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candle and then right there where it says Harami cross a
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little one and that was in a bit of a downtrend and that can
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signal the reversal, right, which is what we had since that
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occurred. Now the other thing they talk
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about since we're learning about candlesticks is a spinning top.
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Another bullish signal and one more bit of learning.
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We're going to go to school for just one more second.
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I like the the candlesticks. It's probably my favorite.
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Hold on here. There we go.
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My favorite of all and a spinning top is a single candle
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with a small real body and a long upper and lower shadows are
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I call them Wicks. It indicates indecision in the
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market, showing that neither buyers nor sellers could gain
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control and often signals a pause or reverse in a trend.
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OK, so bearish. Uh oh, we better go back.
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Was that a bullish? Yeah, it was.
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I'm sorry. OK, see that little little one
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right there that's spinning top. So when it's when it's bearish,
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it's red, right? The open like they show there
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and the close is right there, the high and the low.
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But what we had is the one on the right, the green 1.
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So look guys, we got a Harami cross, a spinning top, the fit
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we're we're pushing up against the the 50 day moving average.
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And the other thing that everybody's talking about, but I
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don't quite see it. Maybe you see it is an inverse
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head and shoulders pattern. I guess we can't see it on this
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on this chart, but apparently there's an inverse head and
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shoulders pattern. Let me see if I can pull that
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up. Yeah, he's actually got it over
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here, right. The inverse head and shoulders
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pattern is when you have a price, as you can see, right,
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There's a shoulder, shoulder. It's like a person standing on
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their head. There's a head, there's another
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shoulder, and then it breaks up. So we'll keep a close eye on
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that. And now we know what a Harami
9:01
cross is. We have, we have the Harami
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cross. OK, silver, Next up from Shane
9:09
Magura. We got a lot of Asian influence
9:12
today on our show. Silver is now up over 4% off of
9:15
support. However, the test will be
9:18
whether or not we can close this week above $81.00 once we get
9:24
confirmation. And I agree with him on that.
9:26
Above that reason, I am not. Thank you.
9:30
Susie. What's going on?
9:33
Why is this not working? Hold on.
9:36
Yep. No, I am right.
9:38
Yeah. Shane Magura, I think I yes, I
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am. They're seeing the right screen.
9:42
However, the test will be whether we can get above this
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$81.00 resistance zone. And as you can see right here,
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we are right there between those two lines.
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We've been bouncing around through there and where we need
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to get through is this area right here.
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But thank you for the alert, Susie.
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Very, I very well may have screwed things up.
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That's upstairs. Susie.
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Hey, we are the only show in precious metals, right?
10:07
With a walkie-talkie assistant. Everybody please say thank you
10:11
to the one and only my lovely and talented wife and assistant.
10:16
Well, not assistant boss, I'm sorry.
10:18
She's going to lock the basement door upstairs.
10:20
Susie, we love her. She is the absolute best.
10:23
OK, next we're going to talk about oh boy, oh boy, a major
10:27
breakout in the gold sector and what's good for gold, what's
10:31
good for gold mining stocks is good for silver.
10:34
Before we do that, we're going to throw out the best thing in
10:36
silver and that's number one right there.
10:40
First meant they are a silver specialist meant located in Las
10:44
Vegas, NV. They're owned by first Majestic
10:47
silver. So it's the freshest silver in
10:50
town. First Majestic mines the silver
10:53
in Mexico, right? People work tirelessly.
10:56
You got to think about that when you get like like this here,
10:59
this one ounce liberty bar from first Mint.
11:03
Somebody worked like, you know, mining is very tough to get the
11:07
silver out of the ground. It goes from First Majestic in
11:11
Mexico to 1st Mint in Las Vegas, NV.
11:14
I visited their site. It's real, it's incredible, it's
11:17
cool. They make these world class
11:19
silver bullion products and then you know where it goes straight
11:22
to you. Not to the Comex, not to the
11:26
LBMA. No, it doesn't go anywhere
11:29
except directly from the mine to the mint to you.
11:32
It's Comex free. It's spoof proof silver.
11:37
Let's get silver off the Comex, right?
11:39
And I tell you what First Mint is a is a great vehicle for all
11:43
of us to do that. I'm going to take you out to
11:45
their website so you know where to go first. mint.com and here
11:51
you go. You can go to store and check
11:53
out. They've got bars, rounds and
11:55
they can personalize silver bars for you.
11:58
The five ounce, 10 oz or the kilo if you have expensive
12:02
taste. OK, they're free shipping on
12:05
orders over $299. There's the Las Vegas round.
12:09
Oh, and they do have a special going on, the Liberty Bar that I
12:13
showed you earlier, $2 off right now.
12:16
OK, it truly is a premium retail experience.
12:21
How do I know that? Because I've received shipments
12:24
from First Men. How also do I know that?
12:27
Because every basement dweller down here, us together that's
12:31
given First Men a shot and bought from them is like, wow,
12:35
we have received absolute perfect positive feedback from
12:40
our community. So it's awesome to have them.
12:42
OK, let's go take a look at this very interesting long term and
12:50
let's get the screen up for you guys.
12:52
Here we go. All right, now you're seeing it.
12:55
Lucas Ekowumi gold miners are set to outperform.
12:59
Why do we want to pay attention to gold miners?
13:02
Because when the gold miners get attention, the silver miners get
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attention in the whole precious metals ecosystem gets attention.
13:09
And he says we are in the second breakout of gold miners after a
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multi decade consolidation phase.
13:16
We're going back, way back. But wait till you see this guys
13:19
from 1940 to 1960 consolidated. From 1960 to 8025, X returns,
13:28
OK. And then again from 1980 to
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2025, we consolidated again. So what he's showing on this
13:37
chart, which actually goes all the way back to 1960, is this
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right this this long period in blue of consolidation.
13:49
Then we broke out right where his green arrow is went up 25 X
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in the next 19 years. Then from 1980, all right
13:58
through 2025, look at that consolidation again and we have
14:03
just broken out. We have just broken out if it,
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it doesn't even have to match what it did last time.
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If it goes up just, you know, half and we're talking about
14:15
12X13 X returns in the gold mining sector.
14:20
But the gold mining sector is what everybody will see first,
14:24
right? The big gold miners, then
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they're going to get into the silver miners, then it's going
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to bring over all attention from those people.
14:33
I mean, whatever the debt, whatever that I hear so many
14:35
different numbers, 1% point 5 percent, 1 1/2 percent of
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people's wealth of people in the United States are invested in
14:45
silver and gold. The other 98 1/2 percent, OK,
14:49
who we like to affect? How do we refer to those people?
14:52
And we mean this nice. They are the the sheeple, right?
15:03
They don't know yet. They're yet to wake up.
15:05
They're not they weren't raised in India or China where there's
15:08
an appreciation of precious metals.
15:10
They were brainwashed into believing that gold and silver
15:14
were for pirates are right now, right when they wake up and join
15:18
us, remember, it's a it's a lot easier to go from 1% to 5% is 5X
15:24
more money. OK, the the fact that the it's I
15:27
know it's frustrating, but it's actually a good thing my phone
15:31
keeps blowing up. Hold on a second.
15:33
I can hear OK, But it's actually a good thing that number's so
15:37
small because going from 1% to 5% is a heck of a lot of if we
15:41
were sitting down here saying, well, you know, 25% of Americans
15:47
are invested in gold and silver, the most we get hoped for is
15:50
that it would go to 50%. That would be like 2X, right?
15:53
But we're at 1%, going to 3% is 3 * 5.
15:57
You know what I'm saying? Pretty easy math, right?
16:00
And that's, guess what? One more big reason why that's
16:03
so important. That's the Ron's basement law of
16:06
law of small numbers. Because all that money that
16:10
comes in when people wake up, that's all new money, OK?
16:14
And a lot of it's going to come from artificial intelligence,
16:17
right? Where, oh, artificial
16:19
intelligence like, you know, makes up whatever 50% of the
16:22
entire stock market, even if just a dribble A dribble drabble
16:26
of that money comes into the precious metals sector as a
16:30
whole, the mining stocks, the metals.
16:33
It would be like, it's like trying to run Niagara Falls
16:37
through a garden hose. OK, it doesn't work.
16:41
Well, it works, but you know, I'm not a financial advisor.
16:46
Make do your own research. But it could it could make for
16:49
some extraordinary returns in both the metals and the mining
16:53
stocks. Speaking of mining stocks, let's
16:55
say thank you to channel sponsor First Mining gold.
16:57
The stock that I own long before they sponsor the channel.
17:00
One of my very first YouTube videos ever ever was about first
17:03
mining gold again before they sponsored me.
17:06
But they are a development stage gold mining company with two
17:10
huge multi million outs projects.
17:12
Where where where would be the best place on earth to have a
17:15
big massive multi million outs? Not one, but two gold mining
17:20
development stage projects Canada, right, like one of the
17:24
best jurisdictions in the world. We're not talking about
17:27
somewhere often, you know, some far-flung country that we've
17:31
never heard of before. We're talking about Canada.
17:34
OK spring pole in Ontario, Duparque located in Quebec.
17:39
Check them out. You can go to their website,
17:41
firstmininggold.com and and I think it's an interesting story
17:45
because eventually these big gold, we talked about this
17:48
yesterday, these big gold mining companies, they aren't investing
17:52
in their pipelines now, OK, they're going to need to find
17:56
big new projects. OK, I'll leave it at that.
17:59
All right, let's talk about $200 silver from the man like the one
18:04
of the coolest dudes. I mean, really down to earth,
18:07
not a salesman. Matthew Pipenberg, right?
18:10
If you I'm sure you're going to know who he is here in a second.
18:13
He's he talks about how he can see a future with $200 silver
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and let's get him pulled up right now.
18:26
Here it is. This is the part where he talks
18:30
about $200 silver. Demand slow down in a in a
18:44
recession, but certainly that can affect supply and demand and
18:48
certainly the paper exchange is going to affect the price.
18:51
But supply and demand, just like I think the demand for silver
18:55
and the supply and demand mismatch will be greater forces,
18:58
bottom line than any industrial demand slow down in a in a
19:03
recession. But certainly that can affect
19:05
supply and demand, and certainly the paper exchange is going to
19:09
affect the price. But supply and demand, just like
19:12
everything in the end, finally gets the last laugh.
19:15
I'm not here to time it. Many in the silver space are far
19:19
more bullish than I am. But I'm easily a $200 silver.
19:22
And EGON is extremely bullish. And others who track the technos
19:25
and fundamentals aren't worried about trying to time this
19:28
direction and just sitting back and letting the dollar shoot.
19:30
OK, I love it. Did you hear what he said?
19:33
A new way that we can talk about the future of the silver price.
19:37
I wrote it down. Supply and demand always get the
19:41
last laugh. Mathematics shows no forgiveness
19:46
on the altar of truth. OK, at the end of the day, and
19:50
he's saying $200 silver. But as he mentioned, right, his
19:54
partner, the guy that he works with, Egon Ergon von Mars Gold,
19:58
Switzerland, he's even more bullish about where silver.
20:01
And these are guys that are usually very gold oriented and
20:05
they love gold. And we love gold, but look, you
20:08
know that's what's coming. It's a physical world of at the
20:12
end of the day, right? As he said, supply and demand
20:18
always get the last laugh and they're going to get it again.
20:20
OK, let's talk about buckle up. I'm just I'm showing you the
20:24
numbers here about why silver could go to and just think of a
20:30
crazy silver number in your head in the next five years and this
20:35
number that I'm about to show you could top it.
20:39
OK, here's the chart. Darn it, I had that.
20:42
Well, we'll go back and give credit where credit is due.
20:45
This is the chart again that is comparing the silver price.
20:50
Sorry to the NASDAQ 40 year chart.
20:54
Guys, we are right now at .003. If you divide the price of
21:01
silver by the NDX, you get .003, OK?
21:06
As he says up here, if we go back to the all time highs of
21:11
that ratio, that would mean silver would outperform the NDX
21:15
at a 30X, OK? So multiply the current silver.
21:20
That would mean if, if this number right, where to get if we
21:25
wanted that number. Hold on here, let me erase this,
21:29
all right? If we wanted to get back to the
21:30
historic highs, they're talking about 30X, OK, the silver price
21:36
would have to be 30X higher. This is not make believe.
21:41
These are real numbers, OK? This what is back in.
21:48
Oh my gosh, what is what year is that 1986, right?
21:53
I mean, that's, that's not that long ago, right, where this
21:57
happened. And they talk about how this is
21:59
like a symmetry. I don't know what, what would we
22:03
call that chart? I'll leave that to your
22:05
imagination. But it shows us the potential in
22:09
the future of the silver price, which again, if you multiply the
22:13
current silver price times 30, you're going to get a number
22:16
well north of $2000 per oz in silver, which is where we would
22:20
have to be right now to match previous highs of where we were
22:25
in the past. All right, and since it's been a
22:28
while, let's go pay a visit to our good friend.
22:30
All right, it's easy to it's easy to kind of let this fade
22:34
away, but the Oriental Ghost is sharing the numbers from the
22:37
Shanghai Gold Exchange in the Shanghai Futures Exchange every
22:42
single day. And we still as of the close
22:46
last night and it's probably even higher now, can see that on
22:51
the Shanghai Gold Exchange, we and then we're going to talk
22:54
about the inventory levels there as well.
22:56
However, the reality is that we've got a silver price close
23:00
to $87.00 per oz. That is a big, big premium.
23:06
China is taking over, India is taking over, Singapore is taking
23:12
over, right. Hong Kong in Hong Kong is part
23:15
of China taking over the physical market for silver and
23:20
for gold, but for silver in particular in that premium.
23:24
I got notes here somewhere, right?
23:26
We're taking it for granted, right?
23:27
But this, that was AI remember just like 910 a year ago, that
23:32
premium was really nothing like it is now.
23:35
Now we're looking at 8-9 dollars, sometimes $10 per oz
23:39
premium for physical. The Shanghai Gold Exchange is a
23:43
physical market, OK? You have to actually believe it
23:47
or not believe. Trust me on this one.
23:50
You got to actually have the metal to trade on the Shanghai
23:54
Gold Exchange. Let's talk about silver
23:56
shortages, man. We got a lot to cover, guys.
23:59
Here we go. This was great.
24:01
This was great. This is brought to us by William
24:04
Middlecoup. The man, the myth, the legend.
24:06
The first peak metal. Peak metal.
24:09
Meaning the first metal that has already reached its peak of
24:13
production. Right.
24:15
They call that peak oil, Peak gold.
24:16
Whatever. Well, let's take a look.
24:19
Was it bauxite? No.
24:20
Chromium. No.
24:21
Cobalt, No. Copper?
24:22
No. I am going to show it.
24:25
I am going to show it. Thank you.
24:26
Upstairs, Susie, here we go. There's the charts.
24:30
William Middlecoup. As you can see, all these
24:33
different metals, the production has been going up and up and up
24:38
from what about 1980? All right, is it graphite?
24:41
Lithium. No.
24:42
Nickel, no. Rare earth?
24:43
No. But look here, here, Who's the
24:46
11? Remember Sesame Street?
24:48
One of these kids is doing their own thing.
24:51
And that would be silver, right? If you look where I just circled
24:56
there, you can see that overall worldwide, this is global mine
25:03
production of minerals from 1960 through 2024.
25:10
Again, I'll circle it for you down here in the lower right
25:13
corner, global production of silver has been actually going
25:18
down. It's not crashed.
25:20
We're not saying that, but think about that within the context of
25:23
the of the reality that the demand for silver is going
25:27
through the roof. I'd one of my great, one of our
25:29
great fellow basement dwellers from the state of California
25:32
sent me an e-mail earlier today. He was like, don't believe this
25:36
BS about them. Substitute China substituting
25:40
copper for silver and solar panels.
25:43
And he kind of laid it out and he actually compared it to a
25:46
situation with with sheetrock that happened with China back in
25:49
the day. He's like, they aren't if you
25:52
basically what he said, and I believe him, like they aren't
25:56
going to be able to substitute copper for silver in those solar
26:00
panels. So wild times ahead, boy, what
26:04
else? Let's look at, Let's look at
26:05
gold. Let's look at gold.
26:10
What is this telling us despite the double dip correction?
26:14
Hold on here all right now we got it.
26:17
Despite the double dip correction in Q1, gold remains
26:21
fairly positive across the developing market space in 2026.
26:26
Year to date, up to April, only three major currencies
26:31
outperformed gold in only four months.
26:34
Gold is exposing just how divergent currency performance
26:38
is. All in all, this chart reveals
26:42
where Fiat confidence is sinking fast.
26:45
And this shows right how gold performed against a big basket
26:51
of of of currencies throughout the world.
26:54
Yes, there were three down here. The Australian dollar looks like
27:00
the Norwegian kroner. Is that what it is?
27:02
And whatever the ILS is just three.
27:05
However, over here, as you can see, gold outperformed.
27:12
Hold on here now we got it. Gold outperformed spectacularly,
27:19
if that's a word, in the great British pound, the Canadian
27:23
dollar. Gold outperformed all all these
27:26
currencies, the euro, the, there's the US dollar right
27:30
there. OK, gold.
27:32
And remember, gold is the granddaddy of the precious
27:34
metals. That's why we always, we love
27:36
gold. We love gold mining stocks and
27:39
it, it will set the tone overall for the silver price.
27:44
Although I saw something very interesting the other day, darn
27:48
it. And I, I meant to share it with
27:49
you guys, but it, it, it compared how, if you, if you
27:53
multiply like the moves in gold by 2.5 over the last, like, I
27:58
don't know, three years or something, it almost perfectly
28:01
mirrored the moves in silver. So silver and gold will move in
28:06
unison. However, silver will typically,
28:10
as we well know, be a little more volatile.
28:14
Thank you to Sugar Mountain Trading for sponsoring Ron's
28:17
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This is different than the soaps shampoos that you'll get at the
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therapeutic lotions. You can read about them on their
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OK, Sugar Mountain trading.com and there's a special discount
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28:56
what? Oh, let's talk about remember
28:57
Paul Volcker, the gold standard? Remember when do you remember
29:01
when President Richard Nixon took us off the gold standard in
29:04
1971 and it was just going to be temporary.
29:07
Paul Volcker was the head of the Fed, right?
29:09
Volcker was the guy that like raised interest rates to 15% and
29:14
solve the inflation crisis that we had during the 1970s.
29:18
It was different back then because we only had about a
29:20
trillion dollars in debt or less.
29:22
OK, different times. They can't do that now.
29:25
But what's interesting is that Judy Shelton talked with
29:29
Volcker, interviewed him, and you're not going to believe what
29:32
Volcker said. He was like they were.
29:34
They thought that Nixon was going to put us back on the gold
29:37
standard because the gold standard always worked.
29:39
Let's watch just a short clip when Judy Shelton is talking
29:44
about her discussions with Paul Volcker.
29:49
I think I've got this teed up. Yes, I do, and I'm going to
29:53
share it with you. There you go.
29:56
We'll put it on full screen. That's Judy Shelton, who Trump
29:58
tried to put into the Fed. Listen to what she said about
30:01
Volcker and about gold. OK, Listen up.
30:04
Paul Volcker was present in August 1971 at the time that
30:09
President Nixon closed the gold window and and ended that
30:13
system. And Paul Volcker on the
30:17
sidelines in between taping would say, you know, I, I never
30:21
meant that to be the outcome, he said.
30:23
I thought we needed to temporarily close the system
30:27
because we had inflated so much to finance both the Vietnam War
30:32
and new entitlement programs, that we had exported inflation
30:36
around the world. And those countries were now
30:38
demanding that we redeem U.S. dollars at the old $35 per ounce
30:43
of gold convertibility rate, which was inherent in the
30:46
Bretton Woods agreement. And he said, I just thought we
30:49
might have to go to to $38 or maybe even 40.
30:54
But he said then I thought we would reinstate what was
30:57
essentially the system that he said everyone at Treasury
31:01
believed in. Everyone that's from Honest
31:05
Money with Judy Shelton. I love Judy Shelton.
31:07
She's the one who's proposed even gold backed U.S.
31:11
Treasury bonds in the in the future.
31:14
Very interesting. But what she said is true.
31:17
It worked. Volcker knew it worked.
31:19
Everybody at the Treasury apparently thought that we were
31:23
going to and should go back onto the gold standard.
31:25
Why? Because up until 1971, it worked
31:29
really great. Come on, guys.
31:31
I don't know how old you are. I'm 56 years old.
31:34
I grew up in the 70s, in the 70s.
31:37
I mean, supposedly we've we've progressed and things are better
31:40
now. I don't think so.
31:42
My I grew up in the middle of middle class.
31:45
We had two cars. I went to private schools,
31:47
believe it or not, we went to Disney World.
31:50
We had a really good life, right.
31:52
Today, a middle class family can't get the same standard of
31:58
living that you can get in the 1970s.
32:00
And that was, I think, a big part of that was a result of the
32:03
fact that the United States had built a solid foundation with a
32:07
monetary system where we had silver in our money, right where
32:11
we had. I had a dollar that was backed
32:14
by gold. It worked.
32:16
OK. And here's I won't go too far
32:19
down this rabble, but think about this.
32:21
Nixon came on TV in 1970 or so. I'm temporarily taking the
32:25
United States off the gold standard.
32:27
OK, temporarily. But what happened was once they
32:30
went off the gold standard and all the politicians realized,
32:34
whoa, now we can just spend as much money as we want.
32:38
It's like sending a 19 year old college kid off to Vegas with
32:42
all your credit cards. OK, They never went back, right?
32:46
It's or it's like giving a a 7th grade girl a cell phone for the
32:52
first time. You're never going to see him
32:53
again. It's never coming back, right?
32:57
And that leads us to where we are now.
32:59
And it leads us to this fact that what, since 1971 when they
33:02
took us off the gold standard and they took silver out of our
33:05
money and what 6465, you know, now, like the dollar has just
33:11
what's the statistic since 1971, the dollars lost like 9998% of
33:18
its value against gold. Hello.
33:22
You know, I'm not saying hello to you.
33:23
You know, we know, right? I mean, come on, it's a, it's an
33:27
interesting scenario. How about more $200 silver?
33:32
And then we got, oh, I almost forgot to tell you, $200 silver.
33:35
And then we've got our daily dose of doom and gloom.
33:38
Before we do that, guys, thank you to Dirty Man Safe for their
33:43
affiliation with Ron's basement. This is their smallest, they
33:47
call it their crypto version. But these are safes you bury in
33:50
the ground. OK?
33:52
They come with this sleeve. You dig a hole, put the sleeve,
33:55
and then you got your safe. OK, this opens up.
33:58
This is their tiniest one at the bottom, but I'm telling you, you
34:02
could, you could fit quite a bit.
34:04
And they're actually this 5 oz bar from firstment, which is
34:09
absolutely beautiful, fits in here perfectly.
34:13
I'm not saying I would do this, but you can put it in there,
34:16
right? Seal it up.
34:17
These things are so cool. OK, you put it down.
34:21
This is underground. So imagine we're underground
34:23
right now. Put it down in there.
34:25
It's got this cool cap. Everything about these things
34:27
are first class. You store it.
34:29
OK, it's got, it's like stainless steel handle that
34:33
comes with it. It's buried.
34:35
You put dirt over it. I mean, these the little 1, you
34:37
could almost like if you wanted to put a spare set of keys in
34:40
there or whatever, I don't know. But again, it's dirty man safe.
34:43
There's a discount code, right? Where is it?
34:46
I got a dirty man safe hanging right there.
34:48
Ron 10 if you want to check them out for yourself.
34:51
Again, everyone's been super pleased with them.
34:54
Let's talk about Robert Kiyosaki talked about $200 silver.
34:59
But who talked about Robert Kiyosaki talking about $200
35:03
silver is even more interesting and I'm going to tell you why
35:07
right now. Here's the quote.
35:09
Robert Kiyosaki just said gold will hit 35K in silver 200 in
35:15
2026. Interesting.
35:18
Silver is consumed by solar, EVs, electronics and can't be
35:22
recycled. Central banks are buying gold at
35:25
record pace as the dollar collapses.
35:27
He predicts the crash comes first and then metals explode.
35:32
And here, let's just listen to him talk.
35:33
It's 11 seconds. Talk about the crash.
35:35
The stock market's going to crash big time.
35:39
Biggest crash in history, so it hasn't happened yet stock
35:44
market's going to crash, biggest crash in history, but what I
35:47
promised you. What's even more interesting is
35:50
who's posting this look at this Leska dot ETH, OK, with 200.
35:57
This is a crypto person with 200,000 followers.
36:02
People are starting to wake up. Look, I love gold and silver.
36:07
I personally like love crypto as well, but people around the
36:11
world are waking up. We're seeing like influencers
36:15
and this is interesting in both the crypto world, but also, and
36:19
I can't remember the guy's name, but he's got like 4 million
36:23
followers. He's out of New York, darn it.
36:24
Anyway, that are followed by younger people.
36:27
Look, I'm, I'm, I'm not saying you're old, I'm 56, but like
36:31
these influencers where people in their 20s and 30s, they don't
36:37
watch the news and they don't read newspapers.
36:41
They get their news from places like X Reddit, other things like
36:45
that. They're very, they're a little
36:46
more skeptical of what's going on in the younger, the, the
36:50
influencers that are popular with the younger people are
36:54
beginning to wake up, right and beginning to understand right.
36:59
The, the, the, the dangers of the Fiat money system and the
37:03
benefits of silver and gold. Now it's time for our day.
37:06
Daily dose of gloom and doom. Lynn Alden.
37:10
Now you talk about a major influencer, Lynn Alden.
37:13
If you don't know who she is, she's like considered to always
37:17
be the smartest person in the room.
37:19
And Lynn has not quite 1,000,000 but 946,000 followers.
37:25
She points this out, She said, Man, this is that consume.
37:30
This is the biggest story of last week that's not getting
37:32
enough attention, she said. Today's print in U.S. consumer
37:36
sentiment is brutal, right? We had a record low in consumer
37:42
sentiment last week. the United States is a consumer based
37:46
economy. It's all that's what drives our
37:49
economy. Google is reporting that
37:52
searches for people searching on Google for can't pay.
37:56
My credit cards are at an all time high.
37:59
OK. The, the, the stock market, like
38:02
Robert Kiyosaki says, like we know these a the AI sector and I
38:06
think AI is great and I think it's here it is state no doubt,
38:09
however, right, it has created a massive bubble in our stock
38:14
market and nobody's talking about private credit.
38:17
OK, remember that that was that was what happened.
38:21
I was even talking about it. I'm like, what happened?
38:23
It like went away. Remember the big private credit
38:25
crisis we had? I wonder what happened there.
38:28
I wonder how that got fixed all of a sudden, Right.
38:31
But we still have a big private credit problem in the United
38:35
States that some people like into some form or fashion of
38:39
what led up to the great financial crisis.
38:42
The net effect of all of this, when it feeds through, if
38:46
there's, if there, if just if there's a little trouble in the
38:50
US stock market, I can guarantee you one thing they're going to
38:54
do, especially with Donald Trump, this is not a political
38:58
channel, not a political statement, but they will print
39:02
money. They will do QE, they will do
39:05
bond curve control. They will monetize the debt,
39:08
however you want to say it. They will one way or the other,
39:13
right? They will devalue the US dollar
39:16
to save themselves, to save the system, to save the ultra
39:21
wealthy. And that will do one key thing
39:24
that we have to remember that will create inflation.
39:28
And that's why as basement dwellers, every time we get
39:32
together, right for the foreseeable future, we're going
39:35
to remind ourselves how simple everything has become,
39:39
especially since we are keenly interested in the precious
39:43
metals. The real kicker, the only thing
39:47
we have to really keep an eye on, right, is inflation.
39:50
If you don't want to pay attention to any of this other
39:53
noise, well, this that, you know, geopolitically it's all it
39:57
all. It's fun to talk about it all
39:59
does relate, but it all ultimately.
40:02
All roads lead to inflation and inflation will be the number one
40:08
driver of the precious metals prices over the next year, over
40:12
the next 10 years, mark my word. OK, we can see around the
40:17
corner, right? You got a good head on your
40:19
shoulders. I appreciate you joining us down
40:22
here in the basement. On behalf of upstairs, Susie and
40:24
myself, seriously, thank you. This is possible because of you.
40:30
Please subscribe to the channel if you haven't already.
40:32
It's still free and we will look forward to seeing you.
40:37
Yes, you right. You're real right.
40:40
Isn't it cool? We get to connect, get to hang
40:42
out in the basement. Basement dwellers, we'll see you
40:44
next time. Thank you.