Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / SILVER YOU MUST HAVE... Before $40 Price

Transcript

SILVER YOU MUST HAVE... Before $40 Price · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  How much silver should you own? That's a question we get all the
• 0:04
  time. Should you be very scared about
• 0:08
  what's going on right now in the US economy?
• 0:12
  We're going to give you some startling information that might
• 0:16
  just have something to do with your job and what is going on in
• 0:21
  the world that can tell us that we're in for brighter days for
• 0:26
  the silver price and the gold price, You're in the right place
• 0:36
  because today we're joined by our good friend coin shop.
• 0:40
  Chris, we're going to talk about first, how much silver should
• 0:45
  you own? Do we have a definitive answer
• 0:48
  for you? You're going to find out, Chris.
• 0:51
  Welcome to Ron's Basement. Ron, it's always good to be be
• 0:54
  back in the basement week after week.
• 0:56
  I love your channel, I love your viewers.
• 0:59
  I just like to take a moment to ask everybody to like, share and
• 1:02
  subscribe which one to get to 34,000 subscribers by February
• 1:06
  14th. So let's show Ron some love and
• 1:10
  I like to also put a warning out there for people.
• 1:12
  Ron be careful of the crypto bots in the chat.
• 1:16
  We tried to alamance do an awesome job trying to get those
• 1:20
  out as quick as they come in. Please don't fall for the
• 1:22
  scammers in the chats. Thank you.
• 1:26
  Well, thank you, Chris. And you know, you're a real
• 1:29
  important guy. I'm pretty important myself, but
• 1:32
  the most important person is the person who's joining us today.
• 1:36
  Right now. They might be in their living
• 1:38
  room. Heck, they might even be in
• 1:39
  their basement. But one thing we know for sure.
• 1:42
  They're wondering Do I own enough silver?
• 1:46
  Do I own enough gold? What's the exact amount of
• 1:50
  silver down to the half oz Chris that a person should own?
• 1:55
  Ron, nobody in this world can answer that question for
• 1:59
  everybody out there. Some people say stack your
• 2:03
  weight, some people say stack. You know this stack that I say
• 2:08
  me personally, if you can well afford to do so, 10 to 15% of
• 2:14
  every paycheck set on the side for precious metals.
• 2:18
  And if you can't go down for that because there's no
• 2:21
  everybody's lifestyle is different on you know, your life
• 2:25
  save will make it different than my lifestyle.
• 2:27
  You know, the viewers might be different than ours.
• 2:30
  Stack what you can afford. Don't worry about anything else
• 2:33
  to stack. That's the bottom line.
• 2:36
  Yeah. And and you know, another,
• 2:38
  another way to look at it too is if a person does have a lot of
• 2:42
  disposable income, right, this, this rich person joining us
• 2:46
  right now maybe accumulate like a year's worth of expenses,
• 2:52
  worth of precious metals, figure out what you spend on an annual
• 2:55
  basis and maybe save like a year or six months, whatever.
• 2:59
  I think what it comes down to is whatever someone feels
• 3:03
  comfortable with. The one big warning that I want
• 3:06
  to give people though is don't go into debt.
• 3:09
  Don't buy silver. Don't think that it's such an
• 3:13
  urgent matter that if you don't have spare cash that you like,
• 3:17
  buy it on your credit card or go into any type of debt to buy
• 3:21
  silver, gold or any precious metal for that matter.
• 3:24
  Well, look at it this way, Ron. I got customers who come into
• 3:27
  the shop who can't really afford that much.
• 3:30
  They come in by a couple Dimes, a couple cores on a weekly 90%,
• 3:35
  several Dimes, 90% server cores on a weekly base.
• 3:38
  That's all they can afford, which is fine.
• 3:42
  You know, they're stacking something.
• 3:43
  They're putting something away you, you know.
• 3:46
  So there's all types of different price range people can
• 3:49
  afford to have at one time or buy at one time or convert at
• 3:53
  one time. Let's use the right word here.
• 3:57
  But really, you know, you know, I I really get on these other
• 4:01
  Youtubers to show their whole stack line, You know, I don't
• 4:04
  think that's a good move. I think that's a people out
• 4:07
  there saying I'm not never going to be like that person.
• 4:10
  Well, you're probably right. But, you know, as long as you
• 4:13
  have, you know, 6 to 18 months, you know, I go with 18 months
• 4:18
  long. But for for expenses, Some
• 4:22
  people may not even be able to get to that point.
• 4:25
  But it's OK, you know, 'cause most most of us don't have
• 4:29
  dollars. Now we're living paycheck to
• 4:31
  paycheck. Right.
• 4:33
  And you and you probably don't want to put all your money into
• 4:39
  precious metals. I'm a pretty not diversified
• 4:43
  person. I have a lot of money in mining
• 4:44
  stocks. And you know, I I wouldn't.
• 4:49
  I would recommend that people not put all their money into
• 4:52
  precious metals. I'm not giving financial advice,
• 4:54
  I'm just giving my opinion. I would recommend that before
• 4:59
  anyone stacks precious metals that they take a good hard look
• 5:03
  at what their debt situation is. Because if you have debt, you
• 5:07
  know, car debt, house debt, even especially credit card debt
• 5:11
  outstanding, I would focus on getting that paid off first
• 5:15
  before I would focus on increasing the size of the
• 5:19
  stack. I mean, nobody knows what's
• 5:21
  going to happen, right? A year from now we could be
• 5:23
  sitting here, Chris, with a big smile on our face with $85
• 5:27
  silver, right? And it would have been a good
• 5:30
  move to borrow money to buy silver, but the opposite of that
• 5:34
  can happen as well. If a person has debt and
• 5:38
  continues to buy silver and the silver price goes down, well,
• 5:41
  guess what? That debt doesn't go away, but
• 5:44
  the value of the silver can go down.
• 5:46
  I don't think silver is going down, but it absolutely could.
• 5:51
  Yes, yes, Ron it it could but in what terms in the dollar form,
• 5:55
  you know we we're looking this in the dollar form you know but
• 5:59
  it's still excuse me at the end of the day it's still an ounce
• 6:02
  of silver no matter what the price is.
• 6:06
  Right. But what I'm saying is though
• 6:08
  the debt, if if you're if you're carrying debt while you're still
• 6:12
  stacking silver, you're basically using borrowed money
• 6:16
  to buy silver. That's a you know that that's a
• 6:18
  financial fact. Yeah, and that can be a
• 6:21
  financial nightmare too, yes. Yeah, exactly.
• 6:25
  I mean, debt is, you know, there's that old saying, debt is
• 6:29
  the currency of slaves. Silver is the currency of
• 6:33
  gentlemen, and gold is the currency of royalty or the money
• 6:38
  of royalty. However you want to say it, you
• 6:41
  want to get rid of that debt first.
• 6:42
  This is not a financial planning show, but I understand
• 6:47
  mathematics and accounting very well and I know that to be the
• 6:51
  case. And then from there, I mean, if
• 6:52
  a person has all no debt, right, which is a wonderful place to
• 6:56
  be, I've always been hated that. Well, then you can really do
• 7:01
  whatever you want. You know, you can, you could put
• 7:04
  a lot more of your money into metals, if that's what you
• 7:07
  believe, because you don't have any debt, you don't have any
• 7:10
  risk. You have this solid foundation
• 7:13
  that you've built where you don't have any debt.
• 7:16
  And from there you can pile on whatever you want, some silver,
• 7:19
  some gold, some mining stocks, other investment opportunities.
• 7:22
  But anyway, somehow this turned into a discussion that wasn't
• 7:26
  supposed to be about debt. But you know, eliminating debt I
• 7:29
  would say would be the number one thing people should do.
• 7:32
  And then #2 Sure, stack all you want after that.
• 7:36
  Fortuna Silver Mines is a global intermediate gold and silver
• 7:40
  producer. Since 2005, Fortuna's best in
• 7:44
  class management has delivered impressive growth and profits.
• 7:48
  Fortuna's solid financial position and operational
• 7:52
  expertise allows for performance in any precious metals price
• 7:57
  cycle and provides a foundation from which to harvest great
• 8:01
  profits in more favorable metals markets.
• 8:04
  Investing in Fortuna is an investment in quality, long
• 8:08
  term, sustainable production of in demand precious and base
• 8:13
  metals. And you know, another thing you
• 8:15
  need to look at too on is, you know, you've said this multiple
• 8:18
  times on your show. Don't convert Fiat into silver
• 8:24
  or gold if you're going to need it.
• 8:26
  Six months, eight months down the road, you know, you know, I
• 8:30
  mean, if you know you're going to have something coming up and
• 8:32
  you need the cash for it now, don't use that cash to go buy
• 8:37
  silver and gold now. Could that be the wrong move
• 8:40
  now? Yeah.
• 8:41
  You know, I I appreciate you bringing that up, Chris.
• 8:44
  Thank you because that's a great point.
• 8:45
  Like, like OK, I have no debt. I'm, you know, I, I, I'll
• 8:49
  divulge that to our audience. I've, I've been debt free since
• 8:53
  I was probably 26 years old. Right.
• 8:55
  Zero debt. I hate debt.
• 8:57
  When I buy silver now I buy it with this mindset that I'm never
• 9:02
  going to sell it. Like I use money that I'm like,
• 9:05
  I'm cool with just sitting on this, like in my mind
• 9:09
  envisioning like like at some point it could be passed on to
• 9:15
  my children and that they would be very that they'll be very
• 9:19
  happy. It's like security or something.
• 9:23
  I don't know. It's hard to say.
• 9:25
  And that gets into my next point, Ron.
• 9:27
  Like you said, you know you you're training your girls about
• 9:30
  silver and gold and if you are going to pass it down to family
• 9:35
  or grandkids or your kids make sure they know what the what The
• 9:40
  thing is so they don't take into some old cranky guy coin shop
• 9:45
  and and they're going to rip them off.
• 9:48
  Make sure they know the value and really update that book
• 9:51
  every at least every six months if not every quarter.
• 9:55
  You know, you get a spreadsheet. You can change that very easily
• 9:58
  on the computer, the value of that very quickly.
• 10:02
  Yeah, yeah. Let me ask you a question,
• 10:04
  Chris. Stop.
• 10:05
  Speaking of silver, is this not the most beautiful thing you've
• 10:09
  ever seen in your life? I'm telling you, I am genuinely
• 10:12
  in love with this, the 10 oz Geiger Bar.
• 10:16
  That's one of the one of the 10 on Spas I've been wanting to get
• 10:19
  my hands on. I just can't afford it right
• 10:21
  now. We do have some at the shop.
• 10:25
  You know, they come in every now and then.
• 10:27
  We don't really order them to be honest with you, but they do
• 10:29
  come in once in a late blue moon and right now we're seeing on
• 10:32
  two. I think it was two or three of
• 10:34
  them now. Yeah, they are.
• 10:38
  They are nice. And I want to mention this is
• 10:41
  part of our Valentine's Day giveaway.
• 10:44
  There's a link in the description of this video where
• 10:47
  you can enter the giveaway with very explicit instructions on
• 10:51
  how to do so. I really like the fact that this
• 10:53
  comes. I don't know, this came from
• 10:54
  Pinbex, our channel sponsor, Pi, MB, EXI don't know, do they all
• 10:59
  come wrapped in in this? Like, really nice heavy plastic,
• 11:02
  Chris. I've seen some wrapped in that
• 11:04
  closet growing, and I've seen some aloe plastic.
• 11:07
  This looks like it came from the factory or the refinery.
• 11:10
  Or the that's factory sealed, yes.
• 11:12
  Yeah. Or from factory sealed or from
• 11:15
  Germany, as a matter of fact. What does that remind you of
• 11:18
  when you got something really nice like that wrapped in
• 11:20
  plastic or rubber? Does that remind you of
• 11:23
  anything? Well, I'm not gonna go there
• 11:26
  with you. You you're going somewhere where
• 11:27
  I don't want. I don't know if you want to go
• 11:29
  there. What are you talking about?
• 11:33
  Never mind. It's a family show.
• 11:35
  It's a family show, Ron. Well, no, what I was thinking of
• 11:39
  is like when you go to ALDI and they've got those nice rib eye
• 11:42
  steaks and they're, you know, they're in that.
• 11:44
  I don't know what you were thinking of, Chris, but let's
• 11:46
  move on. Hey, let's talk about the, let's
• 11:50
  talk about that, how great the economy is.
• 11:52
  Here's the fact, Jack, the last leg of the stool holding up what
• 11:58
  the Fed is doing, holding up the US economy is employment.
• 12:03
  Any thoughts on employment, Chris?
• 12:05
  Well. Look, Citibank just announced
• 12:08
  20,000 job cuts are on. Google just announced 10,000 job
• 12:14
  layoffs. There's 30,000 jobs right there
• 12:16
  on in a matter of. Week let me let me add let me
• 12:21
  add a few to your list if you don't mind.
• 12:23
  Mr. Coin shot Chris. The National Football League is
• 12:26
  laying people off the NFL. Black Rock is laying people off.
• 12:31
  Nike is laying people off. Intel is laying people off.
• 12:36
  And Twitch do you know what Twitch is?
• 12:38
  I. Have no idea.
• 12:40
  It's something like YouTube. The gamers do Twitch.
• 12:44
  Our friends at Twitch are laying people off as well.
• 12:47
  How can it you know and and and how How can this economy be so
• 12:51
  great and strong? And think about it, the big
• 12:55
  companies that typically have the good big full time jobs,
• 12:59
  these are probably jobs, you know, let's say are paying
• 13:02
  between 60 and $120,000 per year.
• 13:05
  The good big full time jobs are going away and what are these
• 13:09
  people gonna do? Would you rather have a A90K job
• 13:13
  at Nike or what? You know, all these job gains
• 13:16
  we're hearing about are like people that are doing part time
• 13:19
  work, right? Would you rather work full time
• 13:21
  at Nike or making 90K a year? Or would you rather drive for
• 13:27
  Uber, deliver McDonald's for DoorDash, and help your neighbor
• 13:33
  with his landscaping company? I mean it's it's, it's, I I
• 13:36
  think the the writings on the wall when it comes to these
• 13:40
  employment numbers. Well, the employment number is
• 13:43
  wrong. You and I talked to this many
• 13:44
  months back ago that they're fraudulent.
• 13:47
  They had you, you know, when Costco was laying off, what,
• 13:51
  four or five months ago. And Costco pays very, very well
• 13:55
  run. We all know that when they start
• 13:58
  laying off and these people who used to make $2122.00 an hour
• 14:02
  have to go work at McDonald's part time, go pick up another
• 14:06
  job at a convenience store, they count that as two jobs.
• 14:10
  Ron, that's not, you know, that's not right.
• 14:14
  I mean, you know, it's supposed to be one job, but they counting
• 14:16
  as two separate and they counting part time with no
• 14:19
  benefits, no insurance, no nothing.
• 14:23
  I don't. Understand.
• 14:23
  I don't understand what you're saying.
• 14:25
  You keep saying pot time. Is that a store like Pottery
• 14:27
  Barn or is that your new Is that your New York accent?
• 14:31
  Part time jobs, part time jobs. I know my main accent.
• 14:35
  I know. I thought that was a New York
• 14:37
  accent. No main accent, but anywho they
• 14:41
  count that as two jobs and it's fraudulent.
• 14:46
  Yeah, so. I mean you know your drone power
• 14:50
  glamour Yellen needs to get they they they all need to get out of
• 14:52
  office but who is who is how we going to fix this run it's too
• 14:57
  late. I think the dollar it's done for
• 14:59
  it's game over. We're going to reset very soon
• 15:03
  when nobody knows we're going to wake up on either after a
• 15:08
  holiday weekend on or Monday morning and everything will be
• 15:11
  changed. Yeah, well, it it, it seems like
• 15:16
  you bring up a great, a great point.
• 15:18
  Because if I think back to like the tech bubble and and even the
• 15:22
  real estate, mortgage, whatever bubble before the great
• 15:25
  financial crisis, I was in the business world during both of
• 15:28
  those and like during the tech bubble and I worked in the tech
• 15:31
  field, it's like everything was great and fine.
• 15:34
  I mean, it really was and then all of a sudden boom, it wasn't
• 15:38
  right. Like everything was hunky, Dory
• 15:40
  and Lala, everybody's making all this money and then, boom, it
• 15:44
  just suddenly happened. The same thing happened during
• 15:46
  the great financial crisis. It's like, everything's great
• 15:49
  and then all of a sudden you can wake up and be like, wow,
• 15:52
  everything changed and changed very quickly.
• 15:56
  And that's what's it's gonna if we thought for the people who
• 16:00
  can remember the financial crisis back in O 8 through 2011
• 16:05
  and you know, people think God, 'cause it didn't affect the the
• 16:08
  really the mainstream people, you know, they didn't have
• 16:12
  stocks, you know, you know, anything like that, you know,
• 16:15
  But people lost their homes, run.
• 16:17
  And you know, the people that did happen to remember that, the
• 16:20
  people who don't have did not don't really remember what
• 16:24
  actually happened. There are movies out there for
• 16:27
  people to watch. And I would really look up these
• 16:31
  2008 movies. You know the financial crisis
• 16:35
  now, I'm Lost awards now. But there are a couple movies
• 16:37
  out there that will tell you exactly what happened and put in
• 16:42
  great detail of what happened and maybe that will help your
• 16:47
  view without some more on. Yeah, Yep, Yep.
• 16:50
  What about you did some shopping this week for American Silver
• 16:54
  Eagles? Is that correct, Chris?
• 16:55
  I I shop every week for you and for your viewers.
• 16:58
  Ron, you know I we do this every single week.
• 17:01
  I'm happy to do it. 2024 Eagles are out.
• 17:04
  The rated ship I got actually got two different deals.
• 17:09
  I got rolls and monster boxes. I'll cover the rolls first with
• 17:11
  you Ron 2 of 2024 Silver Eagles at money Metals and these these
• 17:19
  prices were taken 1/12/24 about 5:45 PM.
• 17:24
  So the lower money metals was six O 720 for full 2 by 20 JM
• 17:30
  Bowen was 6/17/60 at Max was 618 even and our sponsor pin backs
• 17:39
  was 56920 save $48.80 from the most expensive which was at Max
• 17:48
  $48.80 Ron cheaper. So from the most expensive to
• 17:55
  the least expensive. For one tube of 20 American
• 17:58
  Silver Eagles, the highest price was $48.
• 18:02
  For the exact same tube of Eagles, the highest price was
• 18:06
  $48 higher than what you could get it for at Pembacs.
• 18:09
  Pembacs wins again. Pembacs wins again.
• 18:12
  Now we go to the monster boxes and I won't.
• 18:14
  And if you if you're not sitting down, everybody please sit down
• 18:16
  for this one monster. Box How many?
• 18:18
  How many coins are in a monster box?
• 18:20
  Just a hundred 500 oz On OK so money Metals came in at 14,680
• 18:28
  dollars. JM Bowen came in at $14,940.
• 18:35
  Pin backs came in at $14,950. Sponsor pin backs came in at
• 18:42
  $13,780. Take the highest to the lowest.
• 18:49
  That is 1170 dollars savings. 1000. 1100 and $70.
• 18:59
  And how much were the rolls of Are the tubes of Eagles at
• 19:04
  Pinbex again? 56920.
• 19:08
  So if my mathematics are correct, if you if you're buying
• 19:12
  an entire monster box of American Silver Eagles, you can.
• 19:17
  If you buy it at Pinbex, you can get the same box, monster box
• 19:23
  and an additional 2 tubes 40 coins total with the savings
• 19:30
  that you would get over buying it from the most expensive
• 19:33
  competitor. Is that is that accurate, Chris?
• 19:36
  That's that's about accurate. Run 40 oz.
• 19:39
  So why would you want to go buy it at Max JM?
• 19:42
  Really even money metals? I mean, where you get more metal
• 19:48
  for your money and you gain extra 43 oz on top of it, the
• 19:54
  same place. Hello.
• 19:56
  I mean, you know, I mean that's that's crazy.
• 20:01
  I mean, you know, I mean, I This is why we do this.
• 20:03
  This is not to knock these other companies out to just to your
• 20:06
  viewers. This is to prove a point you
• 20:08
  have to shop around. Yeah, you got to shop around,
• 20:12
  even even if you're buying anytime, anywhere.
• 20:15
  Shop around, right? Compare prices.
• 20:19
  You know, I did that a long time ago.
• 20:22
  I found that Pinbex was ultra competitive on all the products.
• 20:27
  And you know, I trust Pinbex. But so that's what I recommend
• 20:31
  to our viewers is, you know, do your own due diligence.
• 20:34
  You're going to have your own experience.
• 20:35
  I can tell you that I have received nothing but positive
• 20:40
  feedback from Ron's basement basement dwellers regarding
• 20:44
  their experiences with Pembecks. Chris, who do you like best, JP
• 20:49
  or JD? I don't know who those two
• 20:52
  people are. Jerome Powell or Jamie Dimon?
• 20:58
  Neither are you. Now, if you asked me if you put
• 21:01
  both of those yahoos in a ring and let them fight it out, I'm
• 21:06
  not sure which one would win. I would not bet on that one.
• 21:11
  Let's talk about JP Morgan Chase briefly.
• 21:13
  This is astonishing to me. They reported $50 billion in
• 21:17
  annual profit for 2020. Three, 50 billion.
• 21:21
  This is the same JP Morgan who's been accused and convicted of
• 21:26
  manipulating the precious metals prices.
• 21:29
  But what's crazy about 50 is the biggest profit ever in the
• 21:33
  history of the banking industry. If you think about this, the
• 21:37
  entire market cap, the entire value of the entire silver
• 21:42
  mining sector is 17 billion, maybe even a little bit less.
• 21:46
  Basically JP Morgan last year made three times as much money
• 21:52
  profit in one year as the entire value three times as the the the
• 21:58
  entire value of the entire silver mining sector.
• 22:00
  Is that just mind blowing or what?
• 22:04
  That is mind blowing boggling. I mean you know, I mean Ron, you
• 22:08
  know I don't like banks. I think most of your viewers
• 22:10
  know that about me. I I don't like banks but we have
• 22:13
  to deal with banks. You know all these fees that
• 22:16
  come over the last 15 years plus you know what the heck is a
• 22:22
  $7.49 maintenance fee that Bank of America charges.
• 22:27
  I mean it's fees on top of fees all if you over get get
• 22:31
  overdrawn just a little bit, we're going to hit you with a
• 22:33
  $40 overdrawn fee. I mean it's crazy, Ron.
• 22:38
  You know the banks have no compassion.
• 22:40
  All they care about. They don't care about you.
• 22:42
  They're not. The banks are not your friends.
• 22:44
  I'm sorry, banks are not. The car salesman at car
• 22:47
  dealerships are. No, they're not your friends
• 22:52
  either. I mean, you, you know, you, you
• 22:56
  have to spend your money wisely and you, you know, some people
• 23:01
  don't know bells and checkbooks. Some people do, but even you
• 23:03
  know, I had, we had one overdrawn fee in my life, Ron,
• 23:06
  and I was able to get that back. But you know, you're allowed
• 23:10
  really you're allowed to have one overdraft fee a year and
• 23:13
  they will give it back to you if you pick up the phone and call
• 23:15
  them. That's.
• 23:17
  Great advice. That's great that that's great
• 23:20
  advice. The other, the other crazy thing
• 23:24
  regarding that $50 billion profit is that that happened
• 23:29
  during a year where we had more bank failures from a dollar
• 23:35
  level than we had during the worst year of the great
• 23:38
  financial crisis. It's just, it doesn't make any
• 23:40
  sense. I mean how, how can we have a
• 23:42
  banking crisis and then our biggest bank makes a more
• 23:45
  profit? I mean, come on, give me a
• 23:47
  break. Anyhow, let's talk about the 30
• 23:49
  day numbers, Chris. Let's see what's what's
• 23:51
  happened. I'm gonna answer that question
• 23:54
  first because our government lend these banks the money and
• 23:58
  they invested and they make Billings.
• 23:59
  That's how we that's how they they took away from the
• 24:01
  taxpayers. They took away from you and your
• 24:04
  viewers and me. So let's now let's get on to the
• 24:07
  30 day numbers. They printed money.
• 24:11
  Yeah, printed Unicorn font dust. Well they did that.
• 24:14
  Let's let's just let me let me just make one more quick point
• 24:16
  of that they they they they initiated an emergency program
• 24:21
  called the BB Bank term funding program BTFP to help bail the
• 24:27
  banks out basically to keep any more 'cause they were you know
• 24:31
  in banks that were insolvent. That program is scheduled to end
• 24:35
  on March 11th, which is now just two short months away, right?
• 24:39
  And yeah, two months away 2024, just so you remember the year
• 24:43
  we're in and the Wall Street Journal reported that the head
• 24:48
  regulator for the Fed basically came out last week and and and
• 24:52
  heavily insinuated that they were going to terminate that
• 24:55
  program. So it'll be interesting to see
• 24:57
  how the banks do when their their little crutch is taken
• 25:02
  away. Well, let's see if they end the
• 25:04
  program first Ron, right, right. So anyways, I could say more.
• 25:10
  You know, I will say this, Ron, you know, if you and I went to
• 25:12
  the casino, if you and I went to the Vegas and we each lost $2000
• 25:17
  and we didn't have that money to lose, are we going to be able to
• 25:19
  call the federal government? I'm going to say, hey Jerome,
• 25:22
  hey grandma, are you yelling? I I lost $2000 at at Vegas.
• 25:26
  Can I get my money back please? That won't happen, Ron, but the
• 25:30
  banks can do it. Yeah, yeah.
• 25:33
  And then get and get A and then get a bigger bonus on top of it.
• 25:36
  What happened in the last 30 days?
• 25:39
  Mr. Chris? Silver was actually up, believe
• 25:42
  it or not, up 34 cents or up 1.49%.
• 25:47
  Gold was up $60.40 or up three 3.03% platinum took a little bit
• 25:55
  of a hit. The last 30 days are on it was
• 25:57
  down $14.40 or down 1.55%. Bitcoin is up, but not as up as
• 26:05
  it was the last couple weeks. We talked about it, it was up
• 26:08
  897 O 8 or up 2.16% oil. I've been ramping on oil for a
• 26:16
  month for weeks now. With year on, oil is finally up
• 26:19
  $4.15 a barrel or up 6.05%. Something to keep your eyes on
• 26:27
  everybody. It's oil.
• 26:28
  Oil runs everything silver to gold ratios 87.91.
• 26:36
  Which demonstrates how undervalued silver is that it
• 26:40
  would take you almost 90 ounces of silver to acquire just one
• 26:45
  measly ounce of gold. That's crazy.
• 26:49
  That's, you know, I mean we've seen the ratio higher than this
• 26:53
  wrong. But you you know I'm still I'm
• 26:56
  not touching gold right now. I'm I not telling anybody what
• 26:59
  to do. But me personally, I'm all
• 27:02
  silver right now. Yeah, yeah.
• 27:04
  I've always been more of a silver guy myself, although I do
• 27:06
  own way too much too many shares of gold mining stocks.
• 27:12
  Chris, I want to say thank you on behalf of myself, this
• 27:15
  viewer, this, this basement dweller who joined us today,
• 27:19
  right. Again, the most important person
• 27:21
  here, Coin Shop Chris does this out of the kindness of his
• 27:25
  heart. If you want to help support Coin
• 27:27
  Shop Chris, because he has a nasty habit of eating sometimes
• 27:31
  as many as six or seven Ding Dongs per day, there's a link to
• 27:36
  his PayPal in the description of this and every video.
• 27:39
  Don't forget to enter the Valentine's Day giveaway, where
• 27:44
  we'll be giving away this 10 oz Geiger Silver Bar, but we've got
• 27:48
  13 more ounces of silver included in there as well, and
• 27:52
  there might even be more by Valentine's Day.
• 27:56
  And Chris, what did I forget? You didn't forget anything.
• 27:59
  I just like to thank your viewers for all the sport
• 28:02
  they've given you, given me and just please subscribe.
• 28:06
  You know we're going to be doing more giveaways this year.
• 28:10
  You know that's the best way to enter these giveaways.
• 28:12
  You got to be subscribed. So if you're not, pass this,
• 28:15
  share this out to other people. Let's wake up more people about
• 28:19
  silver and gold and we'll see you next week, Ron.
• 28:22
  Sounds great, Chris. Thank you and we'll see you
• 28:25
  soon. Thank you.
• 28:26
  See you soon.