Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ⚡SILVER Investor⚡- THIS is STUNNING- (MASSIVE News Update for Gold and Silver Prices)

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⚡SILVER Investor⚡- THIS is STUNNING- (MASSIVE News Update for Gold and Silver Prices) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:01
Pay close attention, silver and gold investors.
0:04
We have a big breaking news story right now this weekend
0:08
that will impact the price of gold and silver as we go into
0:12
2025. We talked about this heightened
0:16
level of uncertainty that we're heading into this period of time
0:20
that will make a major difference for the silver and
0:23
gold price. We're going to talk about this
0:25
breaking story. We're also going to talk about
0:28
another, believe it or not, breaking story this weekend that
0:31
also adds to the uncertainty in the world.
0:36
And we're going to do all that with our good friend, the one
0:39
and only the king of junk. Silver coin shop, Chris.
0:43
Coin Shop Chris, welcome to the basement.
0:45
Well, Ron is always going to be back in the basement.
0:47
I hope you had a good Thanksgiving.
0:48
I hope your viewers had an excellent things given.
0:51
Let's just jump into it. There's so much to talk about.
0:54
Yeah, there's a lot to talk about.
0:55
Let me pull you up on the screen.
0:56
We know you're in a festive spirit with your Christmas tree
0:59
backdrop there, Chris. So just when we thought that the
1:03
bricks story, it was kind of fading away.
1:06
It's now come to the forefront because we got the shocking news
1:10
this weekend and we're going to go to NBC News for this.
1:14
Trump Trump President-elect Donald Trump threatens A 100%
1:21
tariff on BRICS countries if they abandoned the US dollar.
1:25
President-elect wrote that the coalition of non Western
1:29
countries, quote, should expect to say goodbye to selling into
1:34
the wonderful U.S. economy if it backs a currency other than the
1:39
US dollar. So Trump is threatening.
1:42
There's a picture from the BRICS summit.
1:43
Trump over the weekend here is threatening a 100% tariff on the
1:48
BRICS countries. Again, this is Brazil, Russia,
1:51
India, China, South Africa. You've also got what I ran
1:58
potentially Saudi Arabia, Ethiopia, Egypt and the United
2:02
Arab Emirates and a host of other countries throughout the
2:05
world that want to join this. And we we've heard all this talk
2:07
about a gold backed bricks currency and now we've got
2:13
Trump. Now, what's interesting about
2:15
this, and I'm going to get your take on this, Chris, but to me
2:17
what's interesting about this is they must be worried.
2:22
It must be real. The bricks situation must be
2:26
happening. Otherwise on a Saturday,
2:29
president-elect Trump would not be putting out if they if they
2:32
weren't worried about it, if they weren't worried about the
2:35
bricks creating and generating their own financial ecosystem,
2:40
they wouldn't be talking about it.
2:41
Am I dreaming, Chris, or do you think there's any credence and
2:44
what I'm saying now they. But there's one look at this
2:49
type of news always seems to be breaking on a weekend.
2:52
Now, what do we really think is going to happen?
2:54
These countries don't want to be on a dollar 100% tariff.
3:00
Basically what it means to me, and maybe I'm wrong or maybe I'm
3:04
misreading into this one, but prices are going to go up.
3:08
That's what it's going to do. Our laptops, our oil, everything
3:13
that we get from overseas. Our prices are going up, yes.
3:16
Now Trump wants to, so-called, reduce taxes.
3:21
All right, Let's say if that is done, we're just going to spend
3:23
that money on goods and services in our own country.
3:28
That's where I think we're heading to.
3:31
Yeah, I mean, and, and this whole story, let me just run
3:34
down through it was on Truth Social on Saturday.
3:38
The BRICS geopolitical coalition 100% tariff, if the group moves
3:42
away from trading in the US dollar, they got to be scared,
3:46
right? And we know the BRICS countries,
3:49
you know, there was this speculation that they were going
3:52
to have a gold backed currency. We know the Russians have talked
3:55
about it. There's been a lot of chatter
3:57
about it in the past that apparently to me that the only
4:01
thing that I can surmise out of this is that is that they're
4:04
scared or again, they wouldn't be talking about it.
4:07
OK, here's a quote, quote. The idea that the BRICS
4:10
countries are trying to move away from the dollar while we
4:12
stand by and watch is over, Trump wrote.
4:15
Talk about uncertainty, talk about craziness, right?
4:19
We require a commitment from these countries that they will
4:22
neither create a new BRICS currency nor back any other
4:26
currency to replace the mighty U.S. dollar or they will face
4:31
100% tariffs and should expect to say goodbye to selling into
4:36
the wonderful U.S. economy. They can go find another sucker,
4:40
is what he said. I mean, does this not sound like
4:44
like like uncertainty and turmoil?
4:47
I mean, this is this is getting real is all I can say.
4:51
Well. What are you doing is going to
4:53
do with the golden children now, Ron?
4:55
That's going to drive up the price if this does happen.
4:58
If if this now Trump talks a lot.
5:01
And you know, I don't know if he's going to do this with
5:03
executive order or he's going to Congress in the Senate and all
5:07
that. We don't know that yet.
5:09
You know, we have to take a breather here and see what
5:13
actually happens after he gets in office.
5:17
And you know, maybe, you know, if you can afford to buy a
5:20
little bit of silver and gold, maybe, you know, maybe the best
5:24
time to buy it right now, right? Yeah, yeah, Yep.
5:27
Does it sound a little arrogant to you, though, too?
5:29
I mean, here's what I'm thinking.
5:31
Remember how we were in all this trouble because of the
5:33
weaponization of the US dollar, of being like the world bully in
5:38
a lot of ways, right? Like this, this, this, this
5:40
abuse of power, you hear a lot of people say that we undertook
5:43
over the last 1520 years. Doesn't it sound like, I mean,
5:47
look, this is not a political statement, OK, I always say you
5:50
can probably figure out where my allegiances lie.
5:54
But nonetheless, what Trump just said to me sounds like the
5:57
United States kind of being like you, either you either you're
6:01
with us or you're against US type behavior.
6:04
And, and then we're going to talk about tariffs and money
6:06
printing and, and, and what this is going to create.
6:09
But doesn't it feel like Chris like like kind of bullyish type
6:13
environment or in in bullyish behavior, I guess you could say?
6:19
It does. I mean, so is this going to
6:21
happen? We don't know.
6:23
I mean, I'm being very cautious here.
6:25
I mean, we have to be cautious. Well, I got to be cautious how I
6:30
say things, but we just don't know.
6:33
I mean, is it going to happen? It could happen.
6:37
Yeah, yeah. I am, you know, I went to the I
6:39
got to tell this story wrong. I went to the grocery store
6:42
today. You know, I'm seeing the tariffs
6:45
coming in. You know, people were announced.
6:47
Walmart even said the tariffs happen.
6:49
They're raising their prices. Well, I went to winn-dixie
6:52
today. My grandmother likes a Chuck
6:54
full of nuts of coffee. Let's buy one get one free.
6:57
They used to cost 5 bucks when they're on sale.
7:01
Now is buy one get one free. It's 1599.
7:04
What troubled? For Chuck full of nuts.
7:08
Chuck full of nuts. You know, maybe that's why my
7:12
grandma's a little nutty. But that's but that's fine.
7:15
It runs in the family it. Does and well after her.
7:19
Yes, and ducks and ducks fly with ducks.
7:22
That's why we get along so well. Well, yeah, I mean, there
7:25
there's, it's unbelievable how prices are going up.
7:28
I want to touch on one more thing on this, on this.
7:30
And then we're going to then we're going to talk about
7:32
tariffs and some shocking reality, real news about what
7:36
tariffs can do. But isn't competition supposed
7:40
to be good, Chris? Don't like, doesn't the United
7:42
States welcome competition? If, excuse me, Donald Trump was
7:48
so confident in the US dollar, then he would say he would we
7:51
would welcome competition. To me, this is a signal that the
7:55
powers that be are getting a little worried.
7:57
And I will say it, maybe you won't say, but I will say we
8:00
know that these BRICS countries absolutely are pro precious
8:05
metals. They love silver, they love
8:07
gold. In a little bit, you're going to
8:08
tell us a story about your friend, I mean, who's from India
8:12
and how he's like converting like like scores of people here
8:16
in the United States and to becoming silver stackers.
8:18
India, China, Brazil, the BRICS countries love right If if
8:23
competition is so good, then why not just let the currencies
8:26
compete with each other? That's not going to happen
8:30
because these countries of China and Russia are pulling their
8:33
treasuries right out of the market.
8:36
Yeah, What's going on? This was supposed.
8:38
They started to do it in 2000 and seven, 2008.
8:42
But you know, Russia's ready to go with it.
8:46
China said hold on, hold on. It was a Band-Aid.
8:50
That should have been a wake up call for us in 2007, 2008 time
8:55
frame. And now they have had this many
8:59
more years to get their ducks in a row.
9:01
Yeah, Peter Schiff says this. President-elect Trump claims
9:05
that the US is a sucker for allowing BRICS nations to supply
9:09
Americans with low cost, high quality consumer goods in
9:13
exchange for paper dollars. But it's the BRICS nations that
9:18
are the real suckers as they trade their real goods for Fiat
9:23
currency. You know, you may or may not
9:25
agree with what what Peter Schiff said.
9:27
You may or may not like Peter Schiff.
9:29
But in my opinion, what he just said there is true, right.
9:32
I think China and in India are tired of sending real products
9:39
over to the United States and what we ship back to them for
9:42
the most part is are are just paper dollars.
9:45
I mean, do you see it differently, Chris?
9:48
Not at all. That is what we're doing.
9:51
And we know the dollar is getting clobbing and eventually
9:56
the US dollar is going to go to the yacht heaven.
10:00
And then what's going to happen? Yeah, No, but that thing says
10:04
that so well. I mean, you know, she does a
10:07
tremendous job with that and she's right.
10:10
When is the how close are we? Nobody knows.
10:13
You don't know. She don't know.
10:14
I don't know. No, no, no.
10:17
Well, let me let me go on a tariff rant.
10:19
Tariffs equal inflation, OK? Tariffs equal mistrust.
10:24
Mistrust in each other's government's mistrust between
10:29
countries and it creates massive mistrust between countries
10:33
currencies, OK, and that creates a big demand for gold and
10:39
silver. Now tariffs are bad and
10:41
generally listen to this. This is interesting.
10:44
I didn't realize this. The Great Depression, you can go
10:47
all the way back. I went to artificial
10:49
intelligence for this answer, Chris, I asked, I said, you
10:52
know, did tariffs cause the Great Depression, The Great
10:55
Depression the United States has in the and this is what they,
10:58
they said. And I corroborated this with
11:01
other evidence. Tariffs, particularly the Smoot
11:04
Hawley Tariff Act of 1930 were a major factor in worsening the
11:10
Great Depression. The Smoot Hawley Tariff Act in
11:13
Green says this act raised tariffs on almost 900 products,
11:16
which led to retaliation from other countries.
11:20
This retaliation combined with the Smoot Hawley Tariff Act
11:23
caused a 66% drop in World Trade between 1929 in 1934.
11:31
Cost of living, the tariff increase, the tariff increases
11:34
raise the cost of living. Exports, the tariffs limited
11:37
exports, Foreign Relations, The tariffs damage Foreign
11:41
Relations. OK, I mean, the tariffs, tariffs
11:45
at a minimum cause inflation. And at the end of the day,
11:48
Chris, I believe maybe you disagree with me, but at the end
11:53
of the day, inflation is, is we don't want inflation and we
11:58
didn't cause inflation, but inflation is a major driver for
12:03
the price of gold and silver as we as we come into this next
12:06
year or five years, guys. And what we're seeing this
12:08
weekend out of the mouth of Donald Trump, to me only
12:11
reinforces the uncertain environment that we're going
12:15
into and that we're going to be entering a period of time where
12:19
we will have major inflation, we will have tariffs, we will have
12:23
uncertainty, and we will be very glad that we own silver and
12:27
gold. Absolutely.
12:29
You know, I cannot say that any more than what you just said.
12:33
Ron hit it right on the notes. Well, and next question, Chris
12:37
is going to share with us a story about his friend.
12:39
I mean, who's a doctor from India who's here in the United
12:43
States and seems to be on a bit of a mission to educate the
12:47
American public? I'm gonna let him tell the
12:49
story. But first, if you decide, look,
12:52
we're not giving financial advice, but if you do decide
12:55
that you wanna get your hands on some gold, silver or platinum
12:57
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What PMBEX can offer you is a great selection of products.
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14:01
Silver, a platinum group metals, Chris.
14:02
But what about this man? I mean, from India?
14:05
What's the latest on him? He seems to be on a mission to
14:09
convert Americans and to becoming silver and gold
14:12
stackers. Well, before I get to that, I'll
14:14
make a comment about PMBEX. PMBEX has some great prices on
14:17
90% silver folks and please check them out.
14:21
I'll tell them what wrong with that.
14:23
They they do have some good prices on 90% silver at this
14:27
time. And let me say this Coin Shop
14:30
Chris who just said that is the 90%.
14:33
He is the Fred Sanford of junk silver.
14:36
He's the king of junk silver. He's the king of 90% silver.
14:39
Coin shop Chris knows more about 90% constitutional silver than
14:43
anybody else in the entire universe.
14:46
He'll say I'm wrong, he'll say I'm wrong, but he does.
14:50
What about what about this Indian Dr. that's on a mission
14:53
to convert, to convert Americans into stackers?
14:56
What's the what's the story with this guy, Chris?
14:59
Well, look, I mean, he, he came here for the holidays.
15:02
He comes down to every single year for the holidays.
15:06
And he's a doctor from India. And to speed up the story, his
15:10
brother lives in the subdivision probably about 15 minutes away
15:14
from our shops. And he was able to talk to about
15:18
200 plus people at the subdivision.
15:20
And nobody after the meeting, OK.
15:22
They had the board meeting. After the meeting, though, the
15:25
board director says if anybody wants to leave before a meeting
15:29
starts talking about gold and silver, you may leave.
15:32
Nobody left. That's key right there.
15:37
So last Sunday we did a special opening from 11:00 to 1:00.
15:43
We did $48,000 in sales with 25 people.
15:48
Tomorrow we have 2324 people as of right now signed up for this
15:53
Sunday. What he's doing he's we doing a
15:56
little bit of a promo talking to people about silver and gold.
16:00
We got some chairs out ready all set up for the morning.
16:03
And we're going to do a little bit of presentation.
16:06
And if we people have got questions, we'll answer
16:08
anybody's question out there. It's not a thing to buy today,
16:13
buy next week. You know, just getting the
16:15
information out there and Amine is really, really good, he says.
16:20
His keyword is people. Are you getting?
16:23
Are you getting ready to cuss? I am OK, go ahead.
16:27
It's a cuss warning for everybody.
16:30
People in the United States needs to wake the hell up before
16:34
it's too late. Now this is not a plug for
16:37
silver and gold, so just don't get me wrong with that.
16:41
I think silver and gold is going to really go a long way in our
16:47
lives. Are we going to be able to trade
16:50
with silver and gold at Walmart tomorrow, Next year?
16:53
Maybe not down the road, who knows.
16:57
I would be stacking a little bit.
16:59
If you can afford to stack, stack it, but don't.
17:03
But this is my main message. Only stack what you can afford
17:07
to stack and don't take money from credit cards, don't take
17:12
money from bills you need to live else with because if you do
17:16
that you're going to lose because you got to come into a
17:20
local coin shop and sell it for a loss.
17:23
We don't want anybody selling at a loss.
17:26
And I want to say something. What coin?
17:28
Coin shop? Chris is not trying.
17:30
Look, Chris, it's me and you. But most importantly, it's the
17:33
viewer, right? There's a person out there with
17:35
a name. There's probably a Tom Dick and
17:37
Harry, Mary Jane, whoever. Look, it's very important the
17:42
viewer understand this coin shop.
17:44
Chris is not trying to sell you anything.
17:46
There's no link. He's not.
17:47
He's just giving you his pure feelings.
17:50
What he his truth about what he believes about gold and silver.
17:54
And I think the same is true for this.
17:55
I mean guy too, because I asked Chris, I'm like, well, are you
17:58
paying this guy? And he's like, no, he won't let
18:00
us pay him. He won't do anything.
18:01
He just wants to educate people. And is that correct, Chris, when
18:05
I say that? That is correct.
18:07
We have tried to offer some a tube of Eagles or whatever tube
18:11
of Maple Leafs that. I'll take it.
18:14
Well, yeah, exactly. I mean, you know, he says, I
18:17
don't want your money. I don't need your money.
18:20
I have money. I just want to help people out.
18:24
And he says this is a small area of the country.
18:27
It's so many people that he's able to talk to.
18:30
I mean, we talked about 200 people out of 333 million people
18:34
in the in the United States alone.
18:37
So my message is if you can talk to friends, family, Co workers
18:44
about silver and gold, ease them into it.
18:47
Even if you're going to give them one half dollar for
18:49
Christmas. Now that's I think that's key
18:52
because most people that don't stack silver and gold, they get
18:56
a half dollar back and change. They're all ooga Google over
18:59
that coin. Teach them about silver with the
19:02
half dollars, what a half dollars and cost about four
19:05
bucks. That's it, I mean.
19:07
Yeah, you know a 12. Dollar Christmas gift.
19:10
And Chris, can I, can I, can I interject something please?
19:14
Absolutely sunshine. OK, isn't it interesting?
19:18
Think about this. You and I are silver stackers.
19:21
You know, I'm not much into gold, but so I'm a silver
19:24
stacker, but I love gold mining stocks with like we know, right,
19:28
What's interesting and when you when you're telling the story
19:31
about Amin it it it dawned on me how interesting it is that that
19:36
like, I don't know, like one in 200 Americans stacks over maybe
19:41
probably maybe one in 400. Honestly, I don't think they're
19:43
like that really are actively stacking silver.
19:47
Maybe one in 500, but everybody knows about it, right?
19:52
Did you hear me? Everybody knows about it.
19:54
Every American. Every single American knows,
19:58
right, that silver and gold are valuable.
20:02
They know that. It's like they were taught that,
20:03
but nobody invest in it. Why do you think that is?
20:07
Because news don't talk about it, the news.
20:10
And I think this administration, past administrations don't want
20:16
us to own it. That's what it is.
20:18
They're fearful of it because they know that will make the
20:21
dollar go bye bye. Quicker well and that and that's
20:24
been proven. I mean they don't want Americans
20:27
to stacks over in gold. There's that memo that was
20:30
released from 1974. I think it was when they were
20:34
setting up the Comex and the LBMA or the LBMA.
20:38
It was a memo from London and it explicitly said that like we're
20:42
going to set up these electronic exchanges these paper there.
20:45
I guess there were paper back then, whatever paper make
20:48
believe Unicorn fat dast silver because that will we'll be able
20:53
to inject volatility into the price check.
20:57
They did that and it will discourage people from buying
21:01
gold and silver. Chris.
21:03
I mean, I've got it somewhere. I think I could spend some time
21:06
looking it up. Maybe next time we come on up.
21:07
I mean, it was a memo. I think it was released as part
21:10
of that WikiLeaks thing, right? Like it was never supposed to
21:13
see the light of day. But anyway, and I'm not sure
21:15
about that, but it's a real memo.
21:18
And it's like, and they basically said like this will
21:20
discourage people from holding physical gold and silver if we
21:24
can make crazy price swings basically.
21:27
And they've they've succeeded, but they're about ready to lose,
21:29
Chris. OK, they're about ready to lose.
21:32
China is getting real baby about the silver and gold market.
21:38
They are sucking all the physical out of the West to the
21:41
east. They just changed.
21:43
I won't go too far down this path, but China, the P Bach
21:46
People's Bank of China just changed the like the limits on
21:52
the Shanghai Gold Exchange so that now more small and midsize
21:56
firms can participate in the Shanghai Gold Exchange, silver
22:01
trade and gold trade. But what that means is that I
22:05
mean, there's like 55 million of these small and midsize firms
22:08
now 55,000,000 right in, in in China.
22:12
And there's a great video. I'd highly recommend it live
22:16
from the vault. Andrew McGuire from Friday in
22:19
about the second-half of the video, he talks about this like
22:23
this is real. This is happening, right?
22:25
Like they in the Shanghai Gold Exchange is a physical market
22:29
physical. Like if you want to trade on the
22:32
Shanghai Gold Exchange, Chris, you got to have the metal baby,
22:35
right? You can't just make it up like
22:37
in the United States. I mean, look at this then and
22:39
then I'll be quiet and we'll go and we'll move on.
22:41
But look at this. This is real.
22:45
This is happening right in front of our very eyes right here.
22:48
I don't know if hopefully you guys can see my yellow cursor.
22:50
I'll circle it the paper to silver ratio right there's 400
22:55
paper oz make believe Unicorn fart dust paper, whatever you
22:59
want to call it 400 for each one ounce of real silver.
23:04
Do you think have any thoughts Chris on that that tells?
23:08
Me that 400, what was it, 499? That means 400 and 9998 people
23:15
are not going to get their gosh darn silver.
23:17
Yeah, yeah, yeah. And slowly China saying, well,
23:22
we want it like they're taking it off the exchange.
23:25
It's going to hit a point where it really, really breaks.
23:29
All right, let's move on because there's another breaking story
23:31
this weekend, right? Uncertainty, war, geopolitical
23:36
turmoil will drive the price of gold and silver like nothing.
23:39
And let's take a look at what we get breaking over the weekend.
23:43
We never root for war on this channel.
23:46
But but and then we're going to come back to some stunning data
23:51
about about India, But let's go to this first.
23:54
Turkey, in fact, jihadist I Hama next after capturing central
24:00
Aleppo and the International Airport.
24:03
Guys, this is a is a is a is a breaking and evolving story.
24:08
But this is Syria and this involves Russia.
24:11
This involves the West. I'm not an expert in that region
24:15
of the world in terms of politics, but it does involve
24:18
Russia, it does involve the West, involves Turkey.
24:22
It's a kind of a crazy situation that's evolving more war in the
24:27
world right now. Here's some pictures from the
24:30
airport that have been taken over, and there's even a one of
24:35
a guy knocking over a Christmas tree, which I know there's
24:39
there's videos of people moving through and let me see if I can.
24:43
Yeah, look at this. I guess they don't like
24:45
Christmas trees. Look, I mean, keep trying.
24:51
Keep trying. Grinch.
24:53
Grinch. Can you hear me, Chris?
24:57
Yeah, he got it. Finally.
24:59
He got it. Anyway, all joking aside, that's
25:01
not really, you know, nothing to joke about.
25:05
But there's war, more war breaking out.
25:08
Of course, the West is involved. And then if we go back to zero
25:13
Hedge, even more kind of crazy Ukraine, Russia news, which is
25:19
Zelensky now is offering to end the hot phase of the war in
25:24
exchange for NATO membership. And 0 Hedge points out, to end
25:27
the war, Zelensky wants to, wants the thing that started the
25:31
war to begin with. I mean, like, that's not going
25:34
to happen, right? OK, no, now armed terrorist
25:39
attack. Oh my gosh, this is new.
25:41
This is actually breaking, breaking armed terrorist
25:44
attacked the Iranian consulate in Syria.
25:46
Tehran says it is a mess out there.
25:50
Tehran accused Israel of once again teaming up with the Sunni
25:55
anti Assad insur insurgency. So the Russians are on the side
26:00
of Assad, who is the sitting, I guess, president, you would say,
26:03
of Syria in the West and Israel are on the other side.
26:08
It's, you know, guys, things are not getting better in the world.
26:11
And then we get this at Rumbles, who in California, there's
26:15
Donald Trump. There's just so this has been a
26:18
crazy weekend already. Israel just, you know, is
26:22
apparently the ceasefire is holding for now with Hezbollah,
26:27
but that's not it. Where was it?
26:28
Darn it, there was 1 Here it is right here.
26:31
Kremlin warns Biden it will mount response to each use of US
26:36
supplied missiles. So it's like new, new war in, in
26:40
Syria. We've got Putin issuing new, new
26:46
threats. I mean, it, it is just it, I
26:49
don't know. It's crazy.
26:50
It's evolving. Do you think, Chris, that the
26:53
the silver price and the gold price, the value of silver and
26:56
gold that that, that that uncertainty can be a big driver?
27:03
Yeah, it could be, right? It really could be.
27:07
I think once we hit server back to $35.00 an ounce, maybe even
27:12
40, I think the news will start picking up.
27:14
And the reason why we're seeing so much news this weekend, I do
27:17
believe he just had Thanksgiving, he just had Black
27:22
Friday. People are not paying attention
27:25
to what's going on in the news. You know they're too ready to
27:28
worry about what's coming for Christmas, New Year's parties,
27:31
you know the the list goes on. I tell you what I tell you what
27:35
though, buddy, we got a lot of friends I want to say thank you
27:37
to. We have 700 people with us right
27:40
now, Chris, so thank. You.
27:41
Thank you. Yeah, thank you.
27:43
Like you guys are. This is a news channel.
27:47
We all love silver and gold. There's no doubt about it,
27:50
right? But this is not possible without
27:52
you. And like I said earlier, you
27:54
have a name. I want you to think your name
27:56
right now. You are part of this.
27:58
You are a basement dweller. Thank you for being here.
28:00
Please subscribe, give the video a thumbs up.
28:03
Super chats are never expected, always appreciated.
28:06
And don't let me forget Coin Shop Chris to bring everybody to
28:09
your channel later on so we can show them how they can learn
28:13
more about what you're doing, which is some groundbreaking,
28:15
groundbreaking work in the gold and silver sector, no doubt.
28:18
About it, I just got one question for everybody out
28:20
there. I just if everybody could just
28:22
tap, tap number one for Ron. Let's see how many ones we can
28:25
light up the school board. I would appreciate that type one
28:28
in the comment sections. And it's more money out.
28:32
And if we get enough ones, since coin Shop Chris is such a
28:35
festive person, we may even do a little Christmas caroling toward
28:39
the end of this live stream. So hang on for that guy.
28:42
Hang on for that. Where were we?
28:44
Here we are. Let's get back to India real
28:47
quickly. Cause look, look, look, look,
28:50
let me, let me, I need to have a serious talk with our audience.
28:53
Chris, if you're a silver and gold investor, you better pay
28:58
attention to what's going on in China, but even more so are to
29:03
the same extent. It is critical that you
29:06
understand that India is now the precious metals capital of the
29:11
world. I know you may not agree with me
29:14
and people will say China, China, China, and yes, China's
29:17
huge, but India's the precious metals capital of the world.
29:20
Indian households have what, 2528?
29:23
I don't know. Who knows, Thousand metric tons
29:26
of gold, right? Like, I don't know, 3 1/2 times
29:30
what we supposedly have in Fort Knox in the United States.
29:34
But it's not just gold, It's silver.
29:36
They're going silver crazy. Chris, wait till you get a load
29:39
of this. And I want to, I want to get
29:40
your take on this data and see what you think your friend Amin
29:45
would think about this. This came from the guru, the
29:48
guru himself, Peter Croft, who wrote the book, right?
29:53
The what's it called? I got it right here, the great
29:55
silver bowl. But this, this points out silver
30:00
ET PS are now equivalent to 40% of the annual retail investment
30:06
in India. And that came from Metals Focus,
30:09
which is like a British gold and silver research firm.
30:12
But look at the look at the holding.
30:14
So the blue line here, am I on the right screen?
30:17
Sometimes I screw that up. Nope, I'm doing pretty good
30:19
about that lately. OK, the blue line everybody is,
30:24
is the total holdings of silver in the Indian.
30:28
The orange line is the price. So we know the silver price,
30:31
right, since 2022 have gone up. And I believe that's, I don't
30:36
know what that is. Is that thousands of rupees?
30:39
I'm I'm not good with that. But we know the silver price.
30:42
The orange line has gone up, but look at the holdings in the ETP
30:46
products in India. This is not that long.
30:49
This is 2002, 2003 almost. That's three years.
30:54
It's gone from basically 0 Tonys in a Tony.
31:00
It's so hard to understand. I don't know.
31:01
It's either 32,000 or 35,000 oz, OK?
31:05
I can't, I still can't get it straight, but it's a lot of Oz
31:08
of the lower end. It's 32,000 oz. 1, Tony, OK,
31:14
which I think is a metric ton, but it's gone from zero and good
31:17
look at the blue line has gone up and up and up.
31:19
And I would say now it's probably at 1100 tonnies, which
31:25
would be equal to a minimum. Is my, if my mathematics are
31:28
correct, of what, 32,000,000 ounces.
31:32
Is that right? Yeah, right. 32 What's 32,000 *
31:37
1000? Hold on 30 yeah. 30 it'd be
31:39
32,000,000 oz. I mean the Indians, and this is
31:42
silver. This is not gold, this is
31:45
silver. Any thoughts on that, Chris?
31:46
Does that jive with what you're getting from Amin, your friend
31:49
who's a doctor from India, who's who's on a mission to convert
31:53
people and all around your area to buying gold and silver?
31:57
Well, thank you for the Superjet Silver State 2023.
32:00
I just want to let that you guys know that.
32:02
Thank you very much. Yeah, that's what he's saying
32:05
in, you know, where are we going to get the silver from?
32:09
If India is importing all this, China is importing all this.
32:13
Look, rush China. Excuse me.
32:15
China just bought, just found more gold in the ground.
32:20
They're not finding any more silver in the ground.
32:23
Where's the silver going to come from?
32:25
You know, we're in a deficit now.
32:26
Yeah, you're going to say I'm crazy, but you know.
32:30
Yeah, you can go to pin backs and find silver.
32:32
You can go do any online bowling dealer to buy silver.
32:34
You can walk in your coin shops. That's right now.
32:38
But with the Comax and the Albina, their votes are getting
32:41
dried out. Dried out.
32:43
At some point they're going to be emptied and we're everybody
32:48
going to get the silver from them.
32:51
Yep. And you talk to anybody, excuse
32:54
me, anybody in the bullion industry, in the retail bullion
32:58
industry, they'll tell you like, people are delusional stackers.
33:02
You may be delusional. I'm delusional, right?
33:05
We have this recency bias like, oh, I can pretty much buy silver
33:09
whenever I want to. I can pretty much.
33:10
But the reality is something different that that level, that
33:14
amount of silver that's out there and available for the
33:18
retail investing community, although it feels like like
33:22
there's been plenty available. It'd be kind of like if you went
33:26
to your local grocery store to buy toilet paper and every time
33:30
you went, there was plenty of toilet paper on the shelves,
33:32
right? But if you look behind it, it
33:35
was all pushed up to the front, right?
33:37
There was nothing behind it. It was actually a very narrow
33:40
amount of toilet paper. Probably a bad analogy, but
33:43
that's what I hear the the retail physical silver for the
33:49
retail investors that that's really the case, that there's
33:51
this slim amount everybody thinks because all I can always
33:55
go online, I can always go to pin backs, I can always go buy
33:59
silver and go to my local coin shop.
34:00
They got plenty. They got plenty.
34:02
They got plenty, yeah, but it just takes a little bit of an
34:05
upset of the apple cart and that silver's gone now.
34:08
Do we have any recent examples of that coin shop, Chris?
34:12
Yeah, 90% silver. We have some in stock right now.
34:16
Yes, we had some people bring it in to sell.
34:19
I'm seeing a little bit more selling across the board right
34:22
now. Not a lot of 90% silver is
34:25
coming in. But people got too much
34:27
throughout the year and they put it towards Chinese junk from
34:32
China. And that's what they're putting
34:34
it towards, Christmas gifts, holiday gifts.
34:37
And it's sad. I mean, and we might see that
34:40
next week or two, then it will die off a little bit on that
34:44
front end. And then I think you see another
34:47
big sell back around tax time. Ron, that's my next, you know.
34:52
You see that on a, on a, Yeah, yeah, yeah.
34:56
My my main message, Ron, when I talk on my channel on my my main
35:01
message, buy what you can afford.
35:04
Don't overspend. That is the message and.
35:09
And MM over at Pembacs always encourages people stack
35:12
responsibly, which I have a lot of respect for cuz he's a guy
35:15
who's selling silver and gold for a living.
35:18
And I, I think that says a lot about him and Brian, his
35:21
brother, the two brothers that own Pembacs.
35:24
They're both CPA. They're good people.
35:26
And they always say like you, they're they're caliber of you,
35:29
Chris, good quality person. They always say stack, stack
35:33
responsibly. Go ahead, you.
35:36
Know you that's the way we have to stack and and if we don't run
35:42
then you're going to lose on you know we can't buy silver today
35:46
and sell it tomorrow and try to make it properly now and
35:49
sometimes you do that yes that's really unlikely that's going to
35:54
happen we got to keep in mind silver gold, platinum all for
35:59
the long term hold if you cannot hold it more than 1015 years
36:05
then maybe silver gold or platinum or not for you then.
36:08
Yeah, You know, Chris, I'm thinking about the the when I
36:11
when, when I fell in love with you.
36:13
About what, a year and a half ago?
36:15
Two years. We've been friends now.
36:17
Was it 2 years ago? Almost going on 2 1/2.
36:21
Years. You sent me a picture of heads
36:24
of lettuce, right? And they were $5 each, and
36:27
silver was $20.00 at the time. And you said, would you trade an
36:31
ounce of silver for four heads of lettuce?
36:33
And I thought, who is this guy? Right, Right, Right.
36:39
Mr. Ding Dong. Mr. Ding Dong?
36:41
Yeah. So.
36:43
But that's not when I really fell in love with you.
36:45
I think I fell in love with you when and then I got to know you
36:48
a little bit and you're smart, you're funny and you're very
36:51
great friend, very loyal, wonderful person to have in my
36:54
life. And then like about a month into
36:56
our relationship, you told me the story about a lady and
37:00
correct me if I'm wrong, who came into the coin shop and had
37:03
a one ounce gold coin. And I think gold was like what I
37:07
don't know, 1800 or 1900 at the time, whatever.
37:10
And she wanted to cash it out. She needed the money.
37:13
And you looked at the gold coin and you immediately knew that
37:17
this might be be something special that she has, that it
37:19
might be actually worth some more money.
37:22
And, and, and, and I'm going to let you finish the story.
37:25
But I remember when I thought, man, this is a good guy because
37:29
I thought he's really excited because you were able to tell
37:32
her that. And then, and then they had the
37:34
story has a wonderful happy ending.
37:36
But I thought, what a good quality guy that like, not just
37:39
that you did that, but that you were so happy that you were able
37:43
to do that. Well, it was on a gold coin.
37:45
It was actually a, if I can remember right, it was a 1916 D
37:52
walk in half if that and that was one of the key dates out
37:56
there. This thing was beautiful folks.
38:01
She thought she only had $0.50 or something that I looked at
38:04
this point and put it on the tester.
38:05
It verified and I told her we need to send this point in and
38:11
we sent it in and we were able to give her little over $12,000
38:17
for that coin. Wow.
38:18
After it came back. Wow.
38:20
And she could have taken it to the bank.
38:23
Now she had no clue what she had.
38:26
Now we sold it to another coin shop.
38:27
Yes. Our coin shop made $500 off her.
38:31
That means that coin shop probably made another $500 off
38:34
the deal in all to be. Yeah, I don't know exactly what
38:39
they made off of us, but we need to make some money off it.
38:42
She paid for the shipping to NGC.
38:45
She paid for the shipping back. She paid for to have it graded.
38:49
And it's the right thing to do. You know, some coin shops buy.
38:55
I mean, be warned folks, some coin shops.
38:58
Just why I crashed so hard on this one too.
39:02
If you don't leave it to friends family after you pass on, have a
39:07
list or tell them about what you were going to leave them before
39:12
you pass on. Because it I see it all the
39:15
time. People come in and say I have no
39:17
idea what my stop is worth. They know it's valuable, but
39:20
they have no clue and some coin shops will take advantage of
39:25
that situation. Yeah, yeah, yeah, yeah.
39:29
OK. Let us thank you, Chris.
39:31
And like I said, that was when I was like, wow, this guy's for
39:33
real. Now I want to go.
39:34
Let's let's wrap up on India here.
39:38
So we already looked at that one.
39:39
Let's look at this one retail gold.
39:41
We talked about silver. This is big news out of India
39:43
with gold India premiums reach a four month peak as price drop
39:49
attracts customers. This comes from metals and
39:51
miners. And here were some I just want
39:53
to read this red paragraph this from Fred Hickey, who's a super
39:57
well respected analyst in the in the metals market.
39:59
He said here come the gold floor price setters.
40:03
So setting the the floor on the gold price Indian dealers this
40:06
week. Charge premiums of up to 16 an
40:09
ounce over official domestic prices, inclusive of 6% import
40:14
and 3% sales tax levies from a premium of $3.00 last week.
40:19
Higher premiums indicate an increase in retail demand.
40:23
In red quote, buyers were holding off for prices to drop.
40:28
But that was what we had Monday, right?
40:29
The price drop in gold. But once they did, retail buyers
40:33
jumped in and started buying, said Hyper Hyder.
40:37
Bad based Jeweler Jeweler. It will now be harder for the
40:41
western based hedge funds to push gold significantly lower
40:46
via shorting. So that's what we got out of
40:49
India, right? As soon as the price dropped in
40:51
India, what happens, right? The people run in and buy, buy,
40:55
buy, buy, buy, buy. And it feels like we're seeing
40:58
that with both gold and silver, right?
41:00
We had silver go to 35, pull back to 30.
41:03
And it seems like people were were willing to come in
41:07
throughout the world and buy silver at $30.
41:11
We're hoping we can hold that price level minimum through the
41:14
end of the year and you never know where the price of silver
41:16
might go as we head into the holiday season.
41:21
I'm, I'm thinking next, well, we got a bunch of shorts the cavity
41:26
the next week on silver could go back to 3334 next week.
41:30
Not saying it. Well, I'm not saying it's going
41:33
to, but we could see a very high uptick on the silver and maybe
41:38
even the gold price. December could be a month to
41:41
remember here. Who knows what's going to
41:45
happen? Nobody knows for sure.
41:47
But you know what? I stack.
41:49
I'm still stacking silver. I'm like you, Ron.
41:51
I don't own a lot of gold. I'm stacking silver.
41:56
I'm looking to trade for gold later.
41:58
That is why, because I think Silver's so undervalued and I
42:02
think most of your audience and my audience are on are on the
42:06
same page with that. Yeah, yeah, yeah.
42:09
Hey, I want to say thank you to channel sponsor First Mining
42:12
Gold or Canadian Gold developer with two multi million ounce
42:15
projects in Canada. It's a stock that I own.
42:20
I want to say thank you to Fortuna Mining.
42:22
They're an operating mining company, mining silver and gold
42:25
in Latin America, and they have a quick, quickly expanding gold
42:32
mining operation in West Africa. That's also a stock that I own.
42:36
I am not giving financial advice, do your own due
42:38
diligence, but they are sponsors of the basement.
42:42
They help make us possible. They're both, in my book, very
42:45
high quality companies. But as you know, investing in
42:48
stocks, investing in the market, I'm not a financial advisor.
42:51
It can be risky. Chris.
42:53
We are gonna do or I'm gonna do a little singing and hope that
42:56
you join in with me here toward the end.
42:58
But let's go. You'd mentioned this crazy news
43:01
story, another crazy story that we got this week about gold.
43:06
And this is just absolutely stunning.
43:09
The world's largest gold deposit.
43:11
We see it here all over the place.
43:13
It's let's just go to, we'll go to, we'll go to our old friend
43:17
Yahoo Finance. 1000 tons of gold deposit.
43:22
That's the largest in the world just discovered in China. 1000
43:28
tons is like 1/8 of what we supposedly have at Fort Knox.
43:32
This is significant. Could this, could this make, I
43:35
have an opinion, but I want to hear yours.
43:37
Could this result in the price of gold going down because
43:42
there's so much supply coming onto the market?
43:45
No, because China's knocking out.
43:46
What were we saying? Mic mic drop, Mic drop.
43:52
Thanks, Chris. I was hoping we would argue
43:54
about that, but that's exactly what I think too, right?
43:57
That that that it doesn't matter.
44:00
China holds on to all their gold anyway and people think maybe
44:04
they got a lot more gold than they officially admit to.
44:06
But nonetheless that it that is a major gold deposit.
44:09
Would you not say Chris? That is, but we as a silver, I
44:13
mean that's where we go back to. That's where we go back to is we
44:16
as a silver at? Yeah, yeah.
44:18
Where's the silver? Hey, there's Annie Oakley.
44:21
I want to say thank you to Annie Oakley for moderating today.
44:25
Thanks. Yeah, And Chris.
44:27
Chris's Annie go way back. And Jake from Jake's Custom
44:30
Parts. I don't know if they're Silver
44:32
Surfer. Good to see you, my friend.
44:35
And our normal moderators always giving up his time.
44:38
Jake from Jake's Custom Parts. And of course, big Tim the
44:41
Silvershire. I want to pull up.
44:43
Wow. We got a big super chat thank
44:46
you man Silver State 2023. Thank you for that Chris.
44:50
I think I think I need since it is the holiday season and today
44:55
is we made it through Black Friday today, silly Saturday,
44:59
I'm going to sing and I'm hoping maybe you'll help me out with a
45:02
little FA La La, La La and we did this last year it.
45:07
Might cost you 50 bucks or one. We'll see.
45:11
We'll see if anybody wants to give Chris a super chat.
45:13
OK, we'll just sing a couple of We'll sing the first 3 verses.
45:18
Deck the halls with boughs of Holly.
45:24
Tis the season to be jolly. La La La La La La la.
45:31
Don, we now are gay apparel. Troll the ancient Yuletide
45:39
Carol. See the blazing you'll be for
45:46
us. Strike the harp and join the
45:52
chorus. Follow me and Mary measure while
46:03
I tell a Yuletide treasure passed away.
46:10
The old year passes hail the new year lads and lasses sing.
46:21
We joyous all together, heedless of the wind and weather.
46:34
OK. Well, we probably lost about 15
46:37
subscribers wrong on that one. Happy holidays to everyone out
46:43
there. Oh, we need to go to check out
46:44
your your channel. Thank you again, Silver.
46:47
I'm sorry, Silver State 2000. Yeah, very generous.
46:50
Never expected. Always super appreciated.
46:53
I'm even going to send $10 to coin shop Chris when we get off
46:56
here. How do you like that, Chris?
46:59
Yeah, well, I'm going to do that.
47:00
I'm going to do it on PayPal. Let's go and show everybody
47:04
here. Your where am I?
47:07
We're going to show everybody where they can learn more about
47:09
coin shop. Chris, you've you've hit some
47:11
milestones lately. Tell everybody how your
47:13
channel's doing. I know it's generally regarded
47:16
as one of the fastest silver and gold channels on YouTube.
47:20
I'm doing great. I mean, we almost have 4400
47:22
subscribers. I'm hoping to get that by the
47:24
end of the night. We're about 10 subscribers away
47:26
from that. So if you're not yet described
47:29
to me, please come over and let's get that done.
47:32
I think we're almost at, Yeah, we're almost at 4400 now.
47:37
You aren't going to find a higher quality person out there,
47:39
guys. Here's his here's his YouTube
47:41
channel, Coin Shop Chris. Easy to say, easy to remember.
47:46
There's his logo, some gears or whatever that is up there.
47:50
Maybe it's supposed to be a silver coin.
47:52
Here's some of his recent videos.
47:54
People love Chris, people love his content.
47:57
So please help support a guy who has been a great friend of the
48:02
basement community from the very get go coin shop.
48:05
Chris, you go there and you can subscribe.
48:07
Like see, I'm going to unsubscribe now.
48:10
I'm subscribed. I'm subscribed already.
48:12
So you can check him out there. Chris, did I miss anything?
48:15
Any other points or comments that we want to talk about
48:18
before we sign off? No, I just hope everybody will
48:21
come over and join me there and you know, we're trying to build
48:24
these two channels together. Ron's a great guy.
48:27
Let's help him out. Give him a thumbs up folks.
48:30
You know, leave him a comment in all of his videos because he
48:34
really busts his behind along with his wife to do his content
48:40
every single day. And this is not easy work, you
48:43
know, trying to come up with new content every single day.
48:45
Ivan's been doing this for about 3 years now, Ron almost.
48:48
Almost I'm full blown addict yes yeah, 2 1/2 years but now and
48:55
Chris is working hard too guys yeah don't make the mistake that
48:58
Chris and I made before we started YouTube channels and
49:01
thinking oh it must be fun and easy and it is fun.
49:03
There's is rewarding. We get to meet people like you,
49:07
but I know Chris puts a ton of work into his channel.
49:10
And yeah, you know what I do too?
49:12
I'm not bragging. It's nobody forces me to do it.
49:14
I love doing it cuz I love connecting with the people out
49:17
there. It's very rewarding.
49:19
Chris, thanks again. Hopefully we can have you on
49:22
next weekend and we'll be looking at a higher silver
49:25
price. Have a great night.
49:27
OK buddy. Thank you as.
49:29
Long as we don't sing next week, I'll be back.
49:31
OK, sounds good. Thank you, Ron.
49:34
Thank you everybody. Thanks, Chris.
49:37
See you soon.