Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🔥SILVER Price Manipulation 🔥- THIS is STUNNING -- (MASSIVE News Update for Precious Metals Prices)

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🔥SILVER Price Manipulation 🔥- THIS is STUNNING -- (MASSIVE News Update for Precious Metals Prices) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Think it's easy to see with the wild price movements that you've
• 0:03
  experienced in the crypto market that there might just be some
• 0:07
  manipulation going on. The silver price is manipulated
• 0:15
  every time the price goes down. We hear that from the silver
• 0:19
  stacking community. But is it the most manipulated
• 0:23
  asset in the history of the planet?
• 0:26
  And what does it mean for the future of silver?
• 0:29
  But even more importantly, do we have something right now,
• 0:32
  another financial asset that is being manipulated even more?
• 0:38
  This could be astounding and this could have major
• 0:41
  implications on the silver price and gold price as we head into
• 0:46
  the coming years. Thank you for being here.
• 0:49
  Yes, you, you're one and only. It's a big deal when you give us
• 0:52
  your time. Thank you.
• 0:54
  We hope you feel like you found a home away from home here in
• 0:57
  the basement. You're part of the group.
• 0:59
  Please subscribe to the channel. Give this video a thumbs up.
• 1:02
  Super chat, super thanks. Never expected, always super
• 1:05
  appreciated. Let's talk about silver
• 1:08
  manipulation. There are people who have spent
• 1:11
  their entire careers working, digging to prove that silver is
• 1:16
  manipulated, that silver's been manipulated for decades.
• 1:21
  We have proof. We have memos from when they
• 1:23
  were setting up the paper markets.
• 1:26
  They weren't electronic back then in the early 1970s, the
• 1:29
  paper markets from London stating explicitly that as when
• 1:34
  they set up these paper markets, when they could utilize
• 1:37
  leverage, that that would induce volatility into the precious
• 1:42
  metals prices and that would discourage people from holding
• 1:47
  physical precious metals. It's written out in black and
• 1:51
  white ink. And then we know over the last
• 1:54
  few years, there have been actual trials and convictions of
• 1:58
  traders from major Wall Street firms that were convicted of
• 2:03
  manipulating the precious metals prices.
• 2:05
  So it's pretty clear to see that it's very, very likely that the
• 2:10
  silver price has been manipulated over the last years
• 2:14
  and even decades. Eventually, true price discovery
• 2:19
  will occur. Eventually, the physical market
• 2:22
  will prevail. We've got big things happening
• 2:24
  in the East now with China in the Shanghai Gold Exchange.
• 2:29
  We know that they are now operating a much more physical
• 2:34
  market. They're sucking a lot of the
• 2:36
  physical metal from the West to the East.
• 2:39
  So eventually the physical market will prevail.
• 2:43
  But is there another asset class that's even more manipulated
• 2:48
  than the precious metals right now, but an asset class which is
• 2:51
  having an impact right now, at least on the value, on the price
• 2:56
  of the precious metals? We'll get to that.
• 2:59
  If you want to get your hands on some real silver, gold or
• 3:02
  platinum group metals, channel sponsor Pin Backs makes this
• 3:07
  video makes our community possible and they've provided a
• 3:10
  great service to the basement dweller community.
• 3:14
  Right. So many of you have written to
• 3:16
  me saying what great experiences you've had with PMBEX.
• 3:19
  I've received overwhelmingly positive response there an
• 3:24
  online bullion dealer where you can get gold, silver, platinum
• 3:28
  group metals. You'll get it at unbeatable
• 3:31
  ultra competitive prices. You will get more metal for your
• 3:34
  money with PMBEX when you compare yourself right, the same
• 3:38
  exact product you can get from pimbacks from the big online
• 3:41
  bullion dealers. You'll get it at a better price.
• 3:44
  You'll get great service and a company you can trust.
• 3:46
  I'll never tell you what to do, but you may benefit from
• 3:49
  checking out pimbacks. What's this other asset class
• 3:53
  that right now could very well be even more manipulated than
• 3:57
  the precious metals? I'll argue that it's
• 4:00
  cryptocurrency and even Bitcoin. Look, these big cryptos,
• 4:05
  Bitcoin, have been absorbed by the big financial services
• 4:10
  institutions, you name them the big guys on Wall Street, and
• 4:15
  they all have their fingers in the crypto pie and specifically
• 4:20
  into Bitcoin. I can't see how the price of
• 4:24
  Bitcoin is not being manipulated now, in particular when you
• 4:28
  consider that it's not really backed by anything real, at
• 4:33
  least with gold and silver, silver in particular.
• 4:37
  Sure, there's 400 paper claims on each one real ounce of
• 4:42
  silver, but at least there's that one real ounce of silver.
• 4:47
  I can't see how right now the big banks, the big players on
• 4:53
  Wall Street aren't manipulating the price of the crypto, and
• 4:58
  that's all that it is. That's the only thing that a lot
• 5:02
  of the people follow when it comes to these crypto
• 5:04
  currencies, is the price pure emotion?
• 5:08
  There's no typically, not everybody, but typically there's
• 5:11
  no real digging in to see what the real value is behind them.
• 5:16
  Now with silver and gold, we know what the real value is.
• 5:20
  Everyone and I know, and I'd imagine you feel the same way,
• 5:23
  who invest in precious metals knows the value proposition.
• 5:28
  Whereas when you talk about these cryptos, it's all about
• 5:31
  price, price, price, right? Like the price is what makes up
• 5:35
  the value. And to me that just doesn't make
• 5:38
  sense. And I want to make it very
• 5:39
  clear, I'm not anti crypto, I'm not anti Bitcoin.
• 5:43
  The reality is most crypto investors and most gold and
• 5:47
  silver investors share a lot of the same ideals, the dislike of
• 5:52
  the Fiat money system. I'm just saying that if we're
• 5:57
  going to say that gold and silver are manipulated, I don't
• 6:00
  think it's much of A stretch when you look at it from a big
• 6:03
  picture perspective to say that the price of the cryptos almost
• 6:07
  is nothing but pure manipulation because it's hard for most
• 6:11
  people to understand the value proposition.
• 6:14
  I understand there's a limited number of Bitcoin.
• 6:16
  I think that's great. I understand XRP has the these
• 6:20
  applications and transferring money on an international basis.
• 6:24
  I think that's great. But I also think it's easy to
• 6:28
  see with the wild price movements that you've
• 6:31
  experienced in the crypto market that there might just be some
• 6:35
  manipulation going on. I think eventually there'll be a
• 6:38
  balance that struck between cryptos and between gold and
• 6:42
  silver. My personal belief is that gold
• 6:45
  and silver will gain in popularity that they'll actually
• 6:48
  be. A lot of crypto people
• 6:50
  eventually move into the physical gold and silver market
• 6:55
  when they realize the benefits of owning something that's
• 6:58
  backed by a real tangible asset. I could be dead wrong.
• 7:02
  Don't make any financial decisions based on anything I'm
• 7:05
  saying, but I wanted to share with you my thoughts on that
• 7:09
  matter because it does impact the gold and silver market.
• 7:13
  I also want to say thank you to channel sponsor First Mining
• 7:17
  Gold. Canadian gold developer with two
• 7:20
  multi announce projects in Canada and Fortuna Mining.
• 7:24
  They're an operating silver and gold mining company.
• 7:27
  They have silver and gold mines in Latin America in an expanding
• 7:31
  gold production profile in West Africa.
• 7:34
  Thanks for joining me today. Thanks for being part of the
• 7:37
  basement and I'll look forward to seeing you soon.