Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 📢SILVER STACKERS -- BIG WARNING💥 -- Massive NEWS for GOLD & SILVER Price!

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📢SILVER STACKERS -- BIG WARNING💥 -- Massive NEWS for GOLD & SILVER Price! · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:01
  Red alert, big warning for silver and gold investors.
• 0:05
  It has to do with China and we're going to talk about the
• 0:08
  reasons why in this video. We need to be a little scared
• 0:12
  right now about silver and gold price, but first let's talk
• 0:16
  about the more important big picture with silver and gold
• 0:20
  because it's very optimistic, it's very positive where we're
• 0:24
  heading guys, I know you love silver, I know you love gold.
• 0:27
  I know you like to look at the big picture so well, we're going
• 0:30
  to do that. But first, even more important
• 0:33
  is I want to recognize you for being here today with us on this
• 0:38
  live stream, on the video. Thank you so much.
• 0:40
  You are the most important part of Ron's basement.
• 0:44
  It's a big deal that you're here.
• 0:45
  We appreciate you. We appreciate your time.
• 0:47
  Thank you for your support. Please subscribe to the channel,
• 0:50
  give the video a thumbs up and those super chants are always
• 0:53
  super appreciated, but never donate anything that you can't
• 0:57
  afford. Let's go look at the big picture
• 1:00
  for gold and silver because guys, we have a lot, lot to be
• 1:05
  grateful for right now. I thought this was a great
• 1:08
  summation of it from our friend North Star.
• 1:11
  He pointed out we have a weak economy, stubborn inflation,
• 1:16
  also known as stagflation. We've talked about that ad
• 1:19
  nauseam. Stagflation is very important
• 1:22
  because it provides the most supportive conducive environment
• 1:26
  in the history of the universe for the precious metals prices.
• 1:31
  We also have rising interest rates and bond yields, again
• 1:37
  because nobody wants to buy our bonds, right?
• 1:39
  I mean, we've got so much debt. We know the reason why that's
• 1:42
  the case. They can increase GDP by
• 1:45
  printing money. Look a little bit lower there.
• 1:48
  You see Jerome, see what he's doing?
• 1:53
  Because GDP equals money supply times money velocity.
• 1:58
  It's all paper Unicorn fart dust.
• 2:01
  It's all the dollar going down in value, which is another way
• 2:05
  to say high inflation, which is going to rule the day in 2025
• 2:10
  and provide an unbelievable environment for the silver and
• 2:15
  gold price. Once we get through this little
• 2:16
  China problem that we're going to talk about here in a in a few
• 2:20
  minutes, they'll create distractions, plausible
• 2:23
  deniability. The stock market could fall 50%
• 2:26
  gold and silver to the moon. Does it feel like to you that
• 2:31
  the macro environment right now for gold and silver are very,
• 2:36
  very good? But let's zoom in on what's
• 2:39
  going on. 1st in the gold market, we're going to look at a
• 2:41
  chart and then the silver market to see how incredibly well set
• 2:47
  up we are right now. Now, look, no guarantees.
• 2:50
  We could be talking a month, two months, a week from now with
• 2:54
  lower precious metals prices. But when we look at these
• 2:56
  charts, it is unbelievable. It is optimistic.
• 3:00
  This comes from our friend Oren, right?
• 3:03
  Also known as the Silver Hermit. We love him.
• 3:06
  Super smart guy, he says an absolute textbook bowl flag
• 3:11
  consolidation and breakout in gold.
• 3:14
  You couldn't ask for a more bullish favorable set up.
• 3:18
  Let's take a quick look at what he's talking about.
• 3:21
  The green lines, the green channel, that's called a bowl
• 3:24
  flag. As you can see, right, the flag
• 3:27
  went down. The gold price touched what,
• 3:30
  around 2600? This was all in the last a week
• 3:34
  or so basically, and now has broke out out of the bull flag.
• 3:38
  If this China problem that we're going to talk about later
• 3:42
  doesn't beat us back down, we could be in for a massive run
• 3:47
  into the election into the end of the year.
• 3:50
  Thank you, Oren, for that information.
• 3:52
  Now let's go over to the Silver Price where we have some great
• 3:57
  analysis from the Silver Surfer. Hey, Oren's a basement dweller.
• 4:01
  I know he joins us and so does the Silver Surfer.
• 4:03
  So thank you guys for your contributions.
• 4:06
  These are both from X silver. The week played out as close to
• 4:10
  perfect as possible. See post from the beginning of
• 4:14
  the week, Silver Surfer called this perfect retest of upper
• 4:17
  channel another flag trend line. Once the swing high is taken
• 4:22
  out, expect silver to move rapidly.
• 4:26
  OK, so there's the flag. Going back to what may all
• 4:30
  right, look how silver was kind of in this range.
• 4:33
  Oh by the way, I have big news for you regarding I've moved up
• 4:38
  my next purchase of silver price.
• 4:41
  I've been holding off to 2650. I missed that right here and I'm
• 4:45
  going to move that up. I'll tell you more about that in
• 4:48
  a little bit, but see how the silver price remained in this
• 4:51
  channel for a while. Guess what, Buttercup?
• 4:54
  It broke out OK and then came down and retested and bounced
• 5:00
  back up. Oh man, I love this technical
• 5:04
  analysis, but on top of the technical analysis, which is
• 5:07
  very important and that shows us just how set up we are with the
• 5:13
  gold price and the silver price from a technical perspective.
• 5:19
  But on top of that, right, the add fuel to the fire, we're set
• 5:24
  up on a fundamental basis alone. We could talk for the next 5
• 5:27
  hours about all the fundamental support factors behind silver,
• 5:32
  all the fundamental support factors behind gold as well.
• 5:36
  What about how would you like to make?
• 5:40
  How would you like to make 10 times your money?
• 5:43
  How about 20 times your money? Would it matter if we had a
• 5:46
  mania in the gold mining and silver mining stocks?
• 5:51
  Look at this data. This is just absolutely crazy.
• 5:54
  I'm going to give you some examples here of just how crazy
• 5:59
  the junior, and this came from Silver Santa, by the way, how
• 6:02
  crazy some of the returns can be in the stocks.
• 6:06
  In the mining stocks, this is from 1979 to 1980, basically
• 6:10
  January of 1979 through most of these are October.
• 6:15
  Look at some of these returns. Copper Lake, the stock went from
• 6:19
  $0.08 per share all the way up to $10.50 per share.
• 6:24
  Now, of course, that's the most extreme example on this list,
• 6:28
  but Eagle River Mines went from 19 dollars a share all the way
• 6:35
  to $6.80 per share and that was over A2 year period from January
• 6:40
  of 79 through December of 1980. I mean, some of these, hey,
• 6:44
  I'll, I'll be, would you be happy with Lauren X?
• 6:48
  I'd be happy with Lauren X. It went from $15 a share to $85
• 6:53
  a share in a 21 month period. Now if we go to the mid 1990s,
• 6:58
  we had apparently another big run in the stocks.
• 7:01
  Why are these examples such a big deal?
• 7:04
  Because guys, if we when we get a big run, don't make any
• 7:09
  financial decisions based on anything I'm presenting to you
• 7:12
  today. But let's say if and when we do
• 7:15
  get another big run in the mining shares, it will also,
• 7:19
  even if you're not invested in the mining shares, bring massive
• 7:23
  amounts of attention to the silver and gold markets, the
• 7:26
  physical markets as well. And we saw yesterday, right, 1%
• 7:32
  of the world's financial wealth is invested in gold and silver
• 7:37
  in the 1980 range. And that came from Tavi Costa at
• 7:40
  Crescat Capital. But in 1980, like 20 percent,
• 7:44
  25% of the world's financial wealth was invested in gold and
• 7:49
  gold mining stocks, silver and silver mining stocks.
• 7:53
  So it can happen. I mean, really like we talked
• 7:56
  about, we're at 1%, if we go to 4%, we'll take it.
• 8:01
  That's four times the amount of money going into the silver and
• 8:04
  gold sector in that's new money. That's people who are going to
• 8:09
  be need to be buying more gold and silver.
• 8:11
  Get your hands on it before it goes away.
• 8:14
  Look, here's the mid 1990s. We saw similar returns, right?
• 8:18
  Look at this one cart away. Actually, though, I I dug into
• 8:22
  this one was kind of a a bit of a scam apparently, but this
• 8:26
  stock went from $0.10 a share to $26.14 twenty 6000% return, I
• 8:36
  think. What do you say, basement
• 8:37
  dwellers? We'd be happy if we don't Our
• 8:40
  Equipa. It went from $0.60 to $35 a
• 8:44
  share, a whopping 5700% return. I mean, unbelievable in that it,
• 8:52
  look, there's no guarantees that will happen.
• 8:54
  However, that could happen and, and investors that are invested
• 8:59
  in silver, gold or these precious metal mining stocks
• 9:03
  could be in for some fantastic returns.
• 9:05
  Let's go out and say thank you since we're talking about silver
• 9:09
  and gold bullion to our good friends at Pinbeck's.
• 9:12
  Thank you Pinbeck's for sponsoring the basement.
• 9:15
  They enable us. There are enablers, guys to come
• 9:19
  together to have our club here in the basement, right?
• 9:23
  Our butter cups, basement dwellers, whatever we call
• 9:25
  ourselves, you're always welcome here in the basement and we can
• 9:28
  thank our sponsors like Pin Backs for enabling that to
• 9:32
  happen. So if you're looking to buy some
• 9:34
  silver, gold or platinum group metals, please throw pin backs
• 9:39
  into the mix. Do some comparison shopping,
• 9:42
  right? It's critical.
• 9:43
  The price you get determines how much metal you get, and if you
• 9:47
  get a better price on the exact same product, you will get more
• 9:51
  metal for your money, right? If they're sovereign coins
• 9:55
  minted by the Australian Mint like you see there on the
• 9:58
  screen, or American Silver Eagles, they're all the same
• 10:01
  thing and you may as well get more of them for your hard
• 10:05
  earned. Fiat.
• 10:06
  Paper dollars that you are converting into real metal.
• 10:10
  You always want to work with a company you can trust.
• 10:12
  I trust pembacs. I can give you my testament on
• 10:15
  on Pembacs testimony which is I've worked with them for over a
• 10:19
  year. I've made 5 or 6 what to me are
• 10:22
  large purchases and everything has gone off without a hitch.
• 10:26
  But read what other people say. I learned about the company from
• 10:29
  you. So hey, if you're out there
• 10:31
  shopping around, please consider Pembacs.
• 10:33
  Give them a shot. They do help make Ron's basement
• 10:37
  possible and they're great people.
• 10:39
  Thanks, Pembacs, for sponsoring Ron's basement.
• 10:42
  What about? So that's the setup, the big
• 10:44
  picture setup that we have going on.
• 10:47
  But what about the uncertainty that's going to drive the price
• 10:52
  of silver and gold like nothing else as we move into the coming
• 10:58
  month, weeks, possibly quarters and years, $3000 gold in an
• 11:04
  instant, as an example, is what some people are saying that we
• 11:07
  could get $3000 gold like this if the situation between Israel
• 11:13
  and Iran were to escalate. We don't want anything bad to
• 11:16
  happen. We're just we're looking at the
• 11:18
  facts of what is happening, $3000 gold but $40 silver.
• 11:24
  Who knows how high silver can go for Some people are saying $50
• 11:27
  silver within weeks. But nonetheless, we digress.
• 11:31
  Uncertainty in the world can make the prices of these metals
• 11:36
  absolutely skyrocket during times of war.
• 11:39
  Uncertainty there is that that is like the biggest factor that
• 11:44
  can affect the price of the precious metals.
• 11:46
  OK, we know right now Iran is telling the Middle Eastern
• 11:50
  countries, if you allow, if you facilitate the ability for
• 11:55
  Israel to attack us, we will consider that we are at war with
• 11:59
  you. That was reported by the major
• 12:01
  mainstream media press on Friday.
• 12:03
  This is serious stuff going on. This could right, this could
• 12:07
  make us very happy, make you happy as a silver and gold
• 12:11
  investor that you have the metals as an insurance policy,
• 12:15
  but it's not just there. OK, let's look at what's going
• 12:18
  on right now. Don't forget we have the
• 12:20
  situation. This is this is astounding.
• 12:23
  Another example of what is going on with uncertainty in our
• 12:28
  world. This is from the angle all over
• 12:30
  the world, basement dwellers looking for information.
• 12:33
  This is from the Ukranska Pravda.
• 12:35
  Several thousand North Korean soldiers training in Russia,
• 12:42
  potential deployment to Ukraine right now.
• 12:45
  This is not this this this comes from, I believe, the Washington
• 12:49
  Post. Let's just read this.
• 12:50
  The Institute for Study of War has reported that North Korean
• 12:54
  soldiers are already fighting in Ukraine and several thousand
• 12:57
  North Korean military personnel are undergoing training in
• 13:03
  Russia, with the possibility they may be be may be deployed
• 13:08
  to the line of contact in the future.
• 13:11
  According to a report by the Washington Post, South Korean
• 13:16
  and Ukrainian officials have stated that North Korean
• 13:19
  soldiers are fighting alongside Russian forces in Ukraine.
• 13:24
  This is a big deal guys. The world, the uncertainty there
• 13:29
  it it is it is a it is a a primary support, a primary
• 13:36
  reason why you buy silver, why you buy gold.
• 13:39
  We are living in extreme most Americans, the sheeple.
• 13:45
  Are unaware. Of what's really going on out
• 13:48
  there. You have the courage.
• 13:49
  You've taken, you know, the step to not just listen to people
• 13:52
  like me, listen to a lot of people, then form your own
• 13:55
  opinion. But when we look at what's going
• 13:57
  on in the world right now, it is pretty darn scary.
• 14:00
  And it's not just us. What about Jamie Dawn And what
• 14:03
  about JP Morgan Chase? Our friends at JP Morgan, the
• 14:08
  ones who've manipulated the price of silver and gold, we're
• 14:11
  going to set that aside. What's Jamie Dimon, the CEO of
• 14:15
  the most powerful financial institution in the world?
• 14:19
  What is he saying about uncertainty?
• 14:22
  What is he saying about geopolitical turmoil?
• 14:25
  What is he telling us? We got to read between the lines
• 14:29
  about our decision to to set, to protect ourselves with silver
• 14:33
  and gold. Let's go see what Jamie's
• 14:35
  saying. Hi, Jamie.
• 14:38
  We love you. Jamie Dimon says geopolitical
• 14:41
  risks are surging. Quote Conditions are treacherous
• 14:48
  and getting worse. JP Morgan Chase CEO Jamie Dimon
• 14:58
  Dimon sees risk climbing around the world amid widening
• 15:02
  conflicts in the Middle East and with Russia's invasion of
• 15:08
  Ukraine showing no signs of abating.
• 15:11
  Quote, quote. I'll see if I can talk like
• 15:15
  Jamie Dimon. We've been closely monitoring
• 15:17
  the geopolitical situation for some time, and recent events
• 15:20
  show the conditions are treacherous and getting worse.
• 15:24
  Dimon said Friday in the bank's third quarter earned.
• 15:27
  This was from Friday third quarter earnings release.
• 15:30
  This is Jamie Dimon talking doom and gloom.
• 15:35
  I think he's about, I think, I think for just five more minutes
• 15:38
  we're going to make him a basement dweller talking the
• 15:41
  truth, not doom and gloom. Diamond also said that he
• 15:45
  remains wary about the future of the economy.
• 15:48
  Well, thanks, Jamie. Despite signs that the Federal
• 15:53
  Reserve has engineered a soft landing.
• 15:56
  Wow. Oh, there he is.
• 15:58
  Whoop. There he is.
• 16:00
  There's our friend Jamie. OK, so Jamie Dimon, the CEO of
• 16:04
  JP Morgan Chase is telling you the world is a poop show.
• 16:11
  OK, War with Russia and now North Korea's maybe joining in.
• 16:16
  He didn't say that, but we know that because we go all over the
• 16:19
  world sourcing our information, right?
• 16:21
  The situation in the Middle East, scary, frightening,
• 16:26
  horrible. And then Jamie had to throw a
• 16:28
  little cherry on top, and that is at the US economy stinks.
• 16:32
  Boeing just laid off 17,000 people.
• 16:36
  Just to give you a little visual of what 17,000 people look like.
• 16:40
  Turn on your your television set.
• 16:43
  Don't watch mainstream media news, but turn on and turn on a
• 16:46
  sporting event, like an NHL hockey game that's like the
• 16:50
  Madison Square Garden full of people.
• 16:52
  That's 17,000 people. That's how many people lost
• 16:56
  their $100,000 per year plus jobs at Boeing, which is a
• 17:01
  tragedy, but that's the US economy.
• 17:04
  More on that later. OK, we are set up.
• 17:06
  I'm going to read this to you. This is official news from Ron's
• 17:10
  basement, breaking news. We are set up like never before
• 17:14
  on a worldwide basis for silver and gold and on top of it all we
• 17:19
  have massive worldwide debt. Make believe Unicorn fart does
• 17:24
  paper money. It's not just the United States,
• 17:27
  guys, OK? It's countries like China.
• 17:31
  We're going to warn you about them later.
• 17:33
  Japan, in all. Everywhere.
• 17:36
  The euro. Remember Greece?
• 17:38
  Remember when my daughters were babies?
• 17:39
  I mean, remember when? Remember that the eurozone was
• 17:43
  going to fall apart. Greece was in a sovereign debt
• 17:45
  crisis. But it's all been papered over.
• 17:48
  It's all been Unicorn, Unicorn fart dusted on this, OK?
• 17:52
  That's what's going on. It's all fantasyland.
• 17:55
  It's all paper woo. Here it comes.
• 17:57
  Hold on. Hi, guys.
• 17:59
  It's me. The paper dollar.
• 18:01
  Yeah, that's what's going on. You you can't live in fantasy
• 18:06
  land. You can only you can only stay
• 18:07
  in Las Vegas for so long, right? And then you got to pay the
• 18:11
  piper. And it's time to pay the piper.
• 18:14
  The hens have come home to roost.
• 18:17
  The sheep. The sheep bolt need to be
• 18:21
  sheared. Sorry.
• 18:23
  I digress. We also have geopolitical
• 18:25
  turmoil in the world like nothing else.
• 18:27
  You don't need Jamie Dimon to tell you that.
• 18:29
  You can hear it right here in the basement.
• 18:32
  I'm so glad you're here. By the way.
• 18:33
  I see you. I know you're here.
• 18:35
  This is not possible, of course, without our sponsors, but really
• 18:40
  without you. So thank you for being here.
• 18:42
  Now, what else? What about USA turmoil?
• 18:45
  It's not going to hit us. Possibly until after the
• 18:50
  election. I hope it doesn't.
• 18:52
  I hope it doesn't. But but some people, smart
• 18:56
  people that I've listened to are saying, you know, like if things
• 18:59
  seem so calm now. I mean, besides the fact that
• 19:02
  half the country hates the other half of the country back and
• 19:05
  forth, everybody hates each other but doesn't talk about it.
• 19:10
  But that the real turmoil could occur post election.
• 19:16
  I don't want anything bad to happen.
• 19:18
  I'm not saying I believe or, you know, we need to dig holes in
• 19:24
  our backyards and, and, and build bunkers or anything like
• 19:27
  that. But it could get very, very
• 19:28
  crazy. But then I started thinking,
• 19:31
  turmoil. Wait a minute.
• 19:34
  One of the presidential candidates has had two attempts
• 19:36
  on his life. So maybe things are crazy before
• 19:40
  the election. I mean, think about that.
• 19:42
  It's absolutely stunning. So that's what we have coming
• 19:46
  now in this world. What do we know is going on?
• 19:48
  What are the world's countries doing that it tells us it's not
• 19:52
  just us that is concerned about about the about the geopolitical
• 19:58
  situation. Poland at the forefront of the
• 20:01
  wrong darn article. Well, hold on here.
• 20:04
  I can't believe I pulled up the wrong.
• 20:05
  But by the way, Poland has the world's biggest solar, solar
• 20:08
  silver reserves. But also Poland is buying gold.
• 20:15
  Their central bank came out last week, announced massive holdings
• 20:19
  of gold, massive increase. Poland.
• 20:23
  Why is that important? Poland is a is considered to be
• 20:27
  a like I pretty much, in my opinion, now a Western country.
• 20:31
  Like, they're in NATO, OK, They're an ally of the United
• 20:34
  States and their central banker is saying like, we are buying
• 20:38
  massive amounts of gold. Why?
• 20:40
  Because we like the stability. Why?
• 20:43
  Right, Because we're on the edge of a war zone.
• 20:46
  Think about that. OK, Poland's not bragging about
• 20:49
  how many dollars they've acquired.
• 20:52
  No, Poland's bragging about how much gold they're acquiring,
• 20:56
  have acquired, are acquiring, and that it and that it garners
• 21:00
  respect in the world economy. The Polish central banker was
• 21:04
  saying this. That tells us something.
• 21:07
  Guys, take a step back with me, OK?
• 21:10
  Have a sip of coffee. Look at this coffee mug.
• 21:13
  I. Have see that?
• 21:16
  I have to get new ones made without the blindfold on.
• 21:19
  Let's all have a sip of coffee. What is it telling us that a
• 21:27
  Western country that just happens to be on the border of a
• 21:32
  country that's at war is buying gold?
• 21:35
  Think about it. Put two and two together, I love
• 21:39
  how Andy Scheckman says like there's crumbs of information.
• 21:42
  Put it all together, it tells us right, That's what that's what
• 21:46
  big countries in the world are doing right now and we don't
• 21:49
  even know. That's the other thing.
• 21:51
  It's astounding. We don't even really know how
• 21:55
  much gold the world central banks are buying.
• 21:58
  I read some statistic the other day that like only either it
• 22:03
  either and I think it's at 67%. There's like missing.
• 22:07
  It's like like they don't know who's buying.
• 22:10
  There's like a lot of gold that's being bought, but it's
• 22:12
  like a mystery buyer. People say Saudi Arabia is
• 22:16
  secretly buying gold. Who do you think's buying
• 22:19
  silver, right? People say Russia is secretly
• 22:22
  buying gold. People say China is see, and the
• 22:25
  numbers indicate somebody's buying it.
• 22:29
  It's not just going poof, poof, bye bye, right?
• 22:32
  They can't, they can't balance the numbers.
• 22:34
  They're like, well, the central banks only report that they
• 22:36
  bought this much gold, but there's this much that's being
• 22:40
  sold and they're saying it's as high as 67%.
• 22:43
  Think about that for a minute, right?
• 22:45
  And remember this, the central banks of the world, they are the
• 22:49
  most sophisticated financial institutions with access to more
• 22:54
  inside information, high level information than anyone in the
• 22:58
  world. The big hedge funds, no, they're
• 23:02
  not that smart. They don't know what the central
• 23:04
  banks know. The central banks are the big
• 23:06
  insiders. That's the fact.
• 23:08
  So we're going to watch what they do and continue to watch
• 23:11
  what they do. What's going on with the bricks
• 23:14
  as we know that that's going on here.
• 23:17
  Take a look at this. Oh, here's Poland.
• 23:19
  More new quick news out of Poland.
• 23:21
  Just to let you know how, how, how calm and collect the world
• 23:24
  is right now. Polish general threatens to bomb
• 23:28
  Saint Petersburg, Russia if Russia attacks any NATO
• 23:33
  frontline state. OK, yeah, things are calm and
• 23:36
  collect here also. OK, what are we learning about
• 23:39
  bricks, Russia? Just new news proposes a bricks
• 23:44
  multi currency system for cross-border trade.
• 23:47
  Russia is proposing reforms to cross-border payment systems
• 23:52
  among BRICS countries to bypass the global financial system and
• 23:56
  shield its economy from sanctions.
• 23:59
  And there's something in here about silver, gold, OK.
• 24:03
  And the plan also involves, excuse me, establishing trade
• 24:08
  hubs for commodities like oil, natural gas, grain and gold, and
• 24:12
  we're sure, silver as well. Oh, the world's just such a such
• 24:22
  a nice, calm, cool and collect place now.
• 24:25
  OK, yes, OK, I will be buying silver at $28.00.
• 24:32
  For those of you who've been asking, my previous plan was for
• 24:35
  2650. I don't think we're going to get
• 24:37
  back to $26.50 for silver. So I have now officially raising
• 24:44
  my next silver purchase if and I only think there's about a 31%
• 24:49
  chance this will happen if the silver price gets back to
• 24:52
  $28.00. I'll keep you posted.
• 24:54
  I missed my opportunity at 2650. Let me know in the comments.
• 24:58
  Where do you think where, where would you buy silver?
• 25:01
  Right? I'm patient.
• 25:02
  I've, I've made, you know, I've been doing this for years and
• 25:05
  years, decades actually. Where are you buying silver now
• 25:09
  or are you waiting for a potential pullback?
• 25:12
  I'm saying I don't think that there's going to be a big
• 25:14
  pullback, but if there is and we get the 282750, I will be back
• 25:20
  in the market buying silver. Tell me what you're thinking
• 25:22
  guys, I'm curious. Right.
• 25:24
  That's how we, that's how we. All improve is by working
• 25:26
  together and that's what US basement dwellers do.
• 25:30
  OK, and I'll be here we go. I got your picture.
• 25:34
  Oh my gosh, I'm going to I'm going to violate your privacy.
• 25:38
  Yes, you I got your picture and I'm going to pull it up on the
• 25:41
  screen here in just one second. You be ready.
• 25:45
  I don't want you to get mad and unsubscribe or anything like
• 25:49
  that. But when you do this is going to
• 25:51
  this is your picture. Somebody, you know, sent it to
• 25:54
  me. OK, this is great.
• 26:01
  That's me leaving the coin shop before they realize I gave them
• 26:06
  paper for silver. And look at you.
• 26:10
  What do you have in your hand there?
• 26:11
  A tube of what? Are those Canadian Maple Leafs
• 26:15
  or something? Think about it.
• 26:17
  Basement dwellers, we can take paper.
• 26:21
  We can take this stuff right here.
• 26:23
  You can hear it. Hold on.
• 26:24
  Let me see if I can change this. Here you go.
• 26:28
  You can take this stuff right to the coin shop and get metal.
• 26:33
  You can trade paper first metal. You can trade make believe.
• 26:37
  Unicorn fart does dollars that are printed to oblivion for real
• 26:43
  metal. And we're so spoiled in the
• 26:46
  United States. I mean, you know, people in
• 26:48
  Europe have to pay like a 20%, what's called VAT, value added
• 26:52
  tax. You know, we've got it good.
• 26:57
  And on top of that, think about this, think about this.
• 27:01
  Another reason why we should be so grateful that we can trade
• 27:06
  paper, right Fiat, whatever paper money for real metal is
• 27:12
  the fact that the silver price in particular, but the gold
• 27:15
  price also, but the silver price have been artificially tamp
• 27:19
  down, controlled, held down for decades and decades and decades.
• 27:24
  Think about that. You get to trade this stuff,
• 27:28
  paper for this stuff, real metal.
• 27:32
  OK, I like, I think I like the Indian side.
• 27:35
  I just love that round for some reason that came from Big 10 to
• 27:38
  silver shark. You can trade this for this, OK?
• 27:43
  And you get to do it at a subsidized artificially low
• 27:46
  price. Thanks to our wonderful friends
• 27:49
  at the Comax, also known as the Crime X and the LBMA.
• 27:54
  They've suppressed the price of silver for decades, OK?
• 27:57
  It's like a coiled spring. It's like a beach ball that's
• 28:01
  been held underwater. But none the less for right now,
• 28:04
  for right now, you are able to buy and an artificially low
• 28:08
  price at very at A at a very low premium look, This blows me
• 28:13
  away. I don't mean to do a double plug
• 28:15
  for pen backs, but let's just go look real quick and look at the
• 28:18
  price of silver right, 3150 per oz.
• 28:22
  And if I go to let's look at silver Britannias, I don't know
• 28:27
  if they even have this is not planned.
• 28:29
  OK, OK, here 2023 OK, Brilliant Uncirculated Britannia $33.70
• 28:41
  OK, that's if you buy in bulk and that's with with an ACH
• 28:45
  price. But nonetheless, you can buy
• 28:48
  sovereign minted coins from the United Kingdom for $2.00 over
• 28:53
  spot. I think people in the United
• 28:54
  Kingdom are forced to pay like a 20% value added tax.
• 28:58
  That number one, this price is artificially low.
• 29:01
  This should say something like $68.
• 29:05
  OK, so, but it doesn't. So you get a big discount there.
• 29:08
  Thank you to our friends, thank you to our friends at Pinbacks,
• 29:11
  and thank you to our friends at the Comex.
• 29:15
  The Come actually make a song up about that, like, thank you
• 29:18
  know, anyway, Comex and Pembacs. It rhymes nonetheless.
• 29:21
  But there's a big difference, baby, because Pembacs is real
• 29:25
  metal. The Comex is paper.
• 29:27
  What is it, 501? I don't know.
• 29:29
  Whatever it is paper to. So you get an artificially low
• 29:33
  price with a very low premium. We are so lucky and I forgot to
• 29:38
  pull it up, but now I'm reading over the weekend.
• 29:41
  Did you hear this, that right now I'm hearing like 650 million
• 29:46
  ounces of silver are sold short. It keeps going up kind of like
• 29:50
  that paper to dollar ratio. It's unbelievable.
• 29:53
  We are so set up right now. So set up so that you running
• 29:57
  from the thing. OK, this is interesting.
• 30:02
  Elon Musk, OK, love him or hate him, right?
• 30:05
  The guy is done some pretty incredible things, OK?
• 30:09
  And, and a lot of what he's doing requires a lot, a lot of
• 30:12
  silver. At some point, Elon Musk is
• 30:15
  going to be keenly interested even more than he is now in the
• 30:20
  silver market, no doubt about it.
• 30:22
  But we talked about polluting this all.
• 30:24
  We're going to pull this all together.
• 30:25
  We talked about political turmoil, like about all the crud
• 30:29
  in the world, OK, We did that. We did that.
• 30:34
  Where is it? OK, Watch this.
• 30:35
  Watch this video you have on your screen.
• 30:38
  Wonder if I can click on this. Hold on.
• 30:44
  OK. This SpaceX is rockets Elon Musk
• 30:49
  self landing. I did that just happen this
• 30:51
  morning. I mean, does that blow your mind
• 30:54
  that that's going on in our world?
• 30:56
  All right, that's the technology that we have right now.
• 30:59
  To me it's just. Look at it, it landed in itself.
• 31:04
  OK, so quick rant. I promise it'll be quick.
• 31:09
  We have that kind of technology. I have two.
• 31:11
  We have two questions for Elon Musk. 2 questions OK #1.
• 31:15
  Elon. What, are you going to
• 31:16
  officially buy a silver mine because you need a lot of
• 31:19
  silver? My second question, and this has
• 31:21
  to do with the political turmoil in the United States right now,
• 31:25
  is if we can make self landing rockets 50 years ago, we sent
• 31:29
  somebody to the moon, right? We can track financial.
• 31:33
  My bank, knock on wood, has never made a mistake, right?
• 31:36
  We can track all this information.
• 31:37
  Why the heck Elon can we not? And I'm not mad at Elon about
• 31:42
  this, but this does this make sense to you?
• 31:45
  Why can't we have an electronic way to vote for the president in
• 31:50
  this country that's reliable? I mean, to me it seems like if
• 31:54
  we're doing all this other crazy.
• 31:55
  Tech stuff. Why can't we just have a
• 31:58
  database out there of eligible voters?
• 32:00
  You vote for who you want, you log in with your secure
• 32:03
  whatever, double whatever you know, and you vote and it goes
• 32:08
  on to a Ledger and then you can actually go check on your own
• 32:10
  vote to make sure that it's been counted as part of that.
• 32:13
  Why is that not the case? Why do we have this crazy way
• 32:17
  that we vote in this country? I'm almost done.
• 32:19
  I know I got a little off track. But does that make you think?
• 32:22
  Doesn't it make you think like, why?
• 32:24
  Why do we vote with like paper and all these different ways?
• 32:28
  Why can't we have just like 1 centralized voting database?
• 32:33
  I mean, it's like elementary. I mean, I was talking to my
• 32:36
  buddy Slick Willie the other night.
• 32:37
  I'm like you and I could. Probably do.
• 32:39
  It's like you get a database of eligible voters and who did you
• 32:42
  vote for and then you can go on and check.
• 32:43
  Anyway, I digress. Thank you.
• 32:47
  OK, but does that make what, 200?
• 32:54
  Thumbs up. Oh, we got to do the bell.
• 32:55
  Let's ring the bell. That's for 200 thumbs up.
• 33:01
  It really makes me mad. Isn't like everybody's mad at
• 33:05
  each other politically is like you should really be one of the
• 33:07
  things we should be mad as the Federal Reserve.
• 33:11
  We should be mad at the Fed, most of these people, and we
• 33:14
  should be mad that, I mean, isn't it blatantly obvious that
• 33:18
  there's something up that we don't, that we the way we vote
• 33:21
  now? Like it should be real.
• 33:23
  Elementary, right, like a database.
• 33:25
  I'm sorry. Then I'm done.
• 33:27
  I'm done. I'm done.
• 33:27
  OK, whoa. We, I hate to have to break this
• 33:31
  to you basement dwellers, but we might be in, we might be in for
• 33:35
  a bad Sunday night because China, China, China is having a
• 33:39
  major impact on the silver price, on the gold.
• 33:44
  Price, there's other factors out there, but.
• 33:48
  China absolutely is is a major player in the precious metals
• 33:52
  and we got some news out of China over the weekend.
• 33:56
  So this is breaking news. We could I'm not predicting it's
• 34:01
  going to be real interesting tonight to see how the markets
• 34:04
  open, how the silver price, but we could be in for a little bit
• 34:07
  of a poop show tonight. OK is it OK with for me to say
• 34:10
  poop show on YouTube? It's a family friendly show
• 34:13
  family. We could be in for some
• 34:15
  difficult times. Basement dwellers and here's why
• 34:19
  China has been in a total financial crisis.
• 34:24
  OK, I've I talked to some Chinese people.
• 34:27
  We don't really know this in the United States, but China has
• 34:29
  been going through our equivalent of the great
• 34:31
  financial. Crisis the two. 1008 property
• 34:34
  bubble when it burst here in the United States, that's what
• 34:37
  they've been going through. Real estate has been crashing.
• 34:41
  Their stock market had been crashing.
• 34:43
  China put out a big stimulus right and and and right or
• 34:47
  wrong, the silver price and the gold price are highly affected
• 34:51
  by what goes on in China. OK, And remember silver was
• 34:54
  struggling global struggle because there China stimulus.
• 34:59
  It all built boils down to stimulus and China had announced
• 35:04
  some stimulus a couple weeks ago that made copper and silver go
• 35:08
  up. And on Saturday, yesterday,
• 35:10
  there was another big announcement from China, big
• 35:13
  expectation about what China would do.
• 35:15
  And it seems like the general consensus is it was a little bit
• 35:21
  underwhelming. China's printing money, China.
• 35:24
  So let's go quickly look at what happened over the weekend with
• 35:28
  the China News. Here we go.
• 35:34
  From Reuters China flags more fiscal stimulus for economy but
• 35:39
  leaves out key details on size. Here's the highlights.
• 35:42
  Look at those people. There's China.
• 35:45
  There's some China pictures, man, I saw some pictures of
• 35:49
  Saint Petersburg, Russia last night.
• 35:51
  I honestly look like a really nice place.
• 35:53
  Look at China. Anyway, China finance ministry
• 35:57
  says it will ramp up that issuance.
• 36:00
  So that's good for gold and silver.
• 36:02
  Size of fiscal stimulus is unclear and expected to unnerve
• 36:07
  markets. That's not good for the stock
• 36:10
  market. That's not good for silver and
• 36:12
  gold price potentially, hopefully I'm wrong.
• 36:15
  Beijing says we'll support indebted local.
• 36:19
  Governments, the other governments are all in debt.
• 36:21
  Everybody's in debt will offer subsidies to low income people
• 36:25
  to recapitalize and will recapitalize banks pledges
• 36:29
  measures to stabilize the property markets.
• 36:33
  So and then here over on X, just then China to issue 2.3 trillion
• 36:39
  yuan. I think that's like 200 billion
• 36:42
  in special bonds to boost falling economy.
• 36:45
  Here's the problem though, guys. Here's why it could be bad news
• 36:48
  for the silver price and gold price.
• 36:50
  Some people, the markets were expecting up to five times as
• 36:54
  much stimulus from China. So when the markets open
• 36:58
  tonight, you know what, what are we going to be looking at?
• 37:00
  The gold and silver price, right?
• 37:01
  That's always what. I'm looking at.
• 37:03
  I heard Dan Wilton from First Mining Gold, one of our channel
• 37:06
  sponsors right here, talk about, you know, one of the first thing
• 37:09
  he does in the morning is go to Kitco and check the gold and
• 37:12
  silver price. I do that.
• 37:13
  I also go to pin backs to check the gold and silver price.
• 37:16
  But nonetheless, tonight, I don't know like 5 central when
• 37:20
  the markets open four o'clock 3:00 Eastern.
• 37:22
  It's going to be interesting to see because we could be in for a
• 37:26
  big downdraft in the silver and gold price because the Chinese
• 37:30
  government is, is, is, is. Stimulating is printing money,
• 37:35
  but not quite as much as the markets were expecting.
• 37:38
  You know how all these markets work.
• 37:40
  It's a it's a big mess. So what about the United States
• 37:44
  or where we live? Right, US basement dwellers,
• 37:47
  we're in big trouble. And we get some new startling
• 37:50
  news. We talked about the Boeing,
• 37:52
  Boeing laying off 17,000. People talked about that
• 37:55
  yesterday during the live stream.
• 37:57
  I talked about it earlier today in the last room.
• 37:58
  That's Madison Square Garden's full of people making probably
• 38:02
  on average 100 and 120, a 130,000.
• 38:04
  And that's not even counting their generous benefits package.
• 38:07
  That's a big deal. But this I think is even more
• 38:10
  indicative of what's going on right now in our world.
• 38:15
  This is very, very, very scary and I don't know how this.
• 38:21
  We need to think about how this applies to you, but auto loan
• 38:25
  delinquency rates are rising in the United States.
• 38:29
  Subprime auto loan delinquency rates.
• 38:32
  Just crossed above 4% for the first time on record.
• 38:37
  So those are the people that don't have good credit.
• 38:40
  But the delinquency rates are now at 4%.
• 38:42
  The 60 day delinquency rate for subprime auto loans has more
• 38:46
  than doubled in just three years.
• 38:49
  Delinquency rates now exceed both 2008 the great.
• 38:52
  Financial crisis and the 2020 levels.
• 38:56
  What this why this is important is as the economy continues to
• 39:01
  falters, people default. the Fed is going to have no option guys
• 39:06
  but to turn the printing press on print money, electronic
• 39:11
  paper, however you want to think about it, look about it, create
• 39:13
  more dollars to liquidate the economy, which will create
• 39:18
  massive inflation. We have got inflation coming
• 39:21
  like we've never experienced. The next 10 years is going to be
• 39:24
  the, in my opinion, the decade of inflation.
• 39:28
  All right. When we're sitting down here in
• 39:29
  the basement, I want you to think about, let's say, five
• 39:31
  years from now. And we're talking about a loaf
• 39:34
  of bread that maybe cost $2.60 now maybe costing like 8
• 39:40
  dollars, $9. That's not out of the realm of
• 39:43
  possibilities. I could be wrong, I hope I am
• 39:46
  wrong, but none the less, mathematically, that's about all
• 39:50
  we can see coming. At the same time, in green
• 39:53
  prime, auto loan delinquency spiked to their highest level
• 39:56
  since 2011. And again, that was all during
• 39:59
  the aftermath of the great financial Crisis.
• 40:02
  Meanwhile, what about insurance? Car insurance costs skyrocketed
• 40:07
  15% in the first half of 2024 to an average of 2329 dollars.
• 40:16
  Oh my gosh, Now look at this chart.
• 40:19
  Look at this chart. OK, 60 day loan delinquency.
• 40:23
  These are people who are no longer paying their car payments
• 40:27
  in the prime sector. Go down here.
• 40:29
  See my arrow? See where he's got the red
• 40:31
  circle going? Uppity, uppity, uppity.
• 40:33
  Subprime is exploding, right? Higher than what we had.
• 40:39
  We're still not the prime sector, still not higher than
• 40:41
  the great financial. But do you see a trend here?
• 40:44
  People not paying their car payments?
• 40:49
  OK, what about you? Oh my gosh, we've got, I got to
• 40:52
  warn you, we have 725 basement dwellers right now in the
• 40:56
  basement at 800 Susie. Locks the door.
• 40:59
  Thank you guys for being here. Aren't we having fun?
• 41:01
  I mean, it's not fun to talk about people not paying their
• 41:05
  car payments, but it's fun to look at all this information,
• 41:08
  put it all together and. Know in our hearts, you know in
• 41:11
  your heart, heart you've made a wise move.
• 41:15
  You've taken out an insurance policy, not just for you, but
• 41:18
  for your entire family, a safety net, if you will, by holding, by
• 41:23
  buying silver, gold and precious metal mining stocks.
• 41:27
  Because Jerome is going to turn on the printer here.
• 41:30
  You want my version of it? I'll give it to you right here
• 41:33
  he is. He's in trouble, Jerome.
• 41:36
  He's in a box. Recession on one side, inflation
• 41:40
  on another. We just got the inflation news
• 41:42
  on Friday. The recession.
• 41:45
  Well, we just saw how there's crazy expanding.
• 41:51
  Hi, everybody. OK, he's got his Unicorn in
• 41:55
  there. You can't see that, can you?
• 41:58
  There's the Unicorn. Everything's safe and sound.
• 42:04
  But don't forget. This is all Jerome knows how to
• 42:06
  do from his little box. Beep, beep, beep.
• 42:09
  Print money. And that's exactly what we're
• 42:12
  going to have coming. Exactly.
• 42:14
  OK. Now, it's not just cars where
• 42:18
  people are suffering. This is unbelievable.
• 42:21
  Do you live in a house? Most of you do, right?
• 42:24
  I know. Yeah.
• 42:25
  Right. You live in a house.
• 42:26
  Do you have a basement? I do none the less.
• 42:32
  I was blown away and then. There's a again a reason why
• 42:38
  this is going on in our country which only indicates that we're
• 42:42
  headed towards some serious serious issues.
• 42:44
  Blown away by this next statistic.
• 42:47
  This is mind numbing. I had absolutely no idea this
• 42:51
  was the case. This comes from Boronoi Capital,
• 42:55
  which states have the highest share of.
• 42:58
  Homeowners. Without in home insurance.
• 43:02
  OK, I I, I, I this is absolutely mine.
• 43:06
  Let me see if I can make this bigger for you so you can see it
• 43:09
  better. Here we go.
• 43:14
  OK, look down to Florida. Almost 20%.
• 43:18
  One in five homeowners do not have homeowners insurance.
• 43:22
  What just happened in Florida? Yeah, we know.
• 43:25
  OK. It's horrible.
• 43:26
  Look at Mississippi, 20% Texas. 17% my home state, Missouri.
• 43:33
  What's your state? Look at your state, I mean
• 43:36
  California. I'm surprised those people
• 43:38
  mostly only 10% I think the highest.
• 43:41
  On this list is West Virginia. Where's there's West Virginia?
• 43:46
  Almost. Well, 23.4% of people do not.
• 43:51
  Have homeowners insurance. OK, why?
• 43:56
  Well, I'll tell you why. Because they can't afford it,
• 43:59
  right? We saw What Car insurance has
• 44:01
  gone up 15%. Homeowner's Insurance.
• 44:04
  I don't know about you, but when I got my last homeowner's
• 44:07
  insurance bill, I actually switched to Allstate, I'll be
• 44:10
  honest with you, and I got a great deal with a great with a
• 44:13
  great agency. I guess it would be called here
• 44:15
  in Saint Louis. There aren't no Fallon,
• 44:17
  Missouri. It was like half of what, but I
• 44:19
  I had been with Safeco and I'm like, wait a minute, you know,
• 44:23
  it's crazy. Listen to this though guys, it
• 44:27
  gets even crazier. In Florida, in Florida right
• 44:31
  now, because of all these hurricanes that are horrible.
• 44:35
  I'm very sorry for anyone suffering through all this.
• 44:38
  They're now saying that like some people in Florida have to
• 44:41
  pay like 5% of the value of their home, 5% for their
• 44:46
  homeowners insurance. It's insane.
• 44:49
  That means, and you know what the real estate prices are in
• 44:51
  Florida. I'm sorry to anyone don't don't
• 44:53
  take this personally, but I don't think the Florida real
• 44:57
  estate market, I know it was already struggling, but with
• 45:00
  what happened over the last. Month with the Hurricanes I
• 45:04
  can't see I I got a feeling Florida I could be wrong and I
• 45:07
  feel for people to live in Florida own real estate in
• 45:10
  Florida you've done very. Well, though, over the last five
• 45:14
  to 10 years, but nonetheless, the prices of homes in Florida I
• 45:17
  think are going to go down, down, down.
• 45:19
  Who can afford? They're saying that it's going
• 45:21
  to cost like 5. Percent.
• 45:23
  Of the value of a house in Florida to get homeowners
• 45:26
  insurance. So that means that means if you
• 45:30
  bought a house in Florida, let's say 5 to 10 years ago, eight
• 45:33
  years ago or 250,000, and today it's worth 500,000 because the
• 45:38
  real estate prices are skyrocketing.
• 45:40
  Probably more than that. Let's say you bought it for
• 45:42
  300,000 and now it's worth 800,000.
• 45:45
  Congratulations, Buttercup. But if you got to pay 5% of
• 45:49
  800,000 just to get homeowners insurance, that's 40 KA year.
• 45:54
  That's going to add up real quick because as you know, the
• 45:56
  older you get, the faster the years fly by.
• 45:59
  I think Florida real estate, not just Florida, the whole
• 46:02
  country's in a bubble already. We're already in a real estate
• 46:06
  bubble. They say my house is worth
• 46:08
  500,000, whatever, whatever. I don't believe it.
• 46:15
  Well, I think. Maybe it is, maybe I could sell
• 46:17
  it for that much, but I feel sorry for any sucker who would
• 46:20
  buy it and they can't afford them anyway, these young kids.
• 46:25
  Nonetheless, who can afford this insurance?
• 46:28
  Nobody. They can't.
• 46:29
  People. People are.
• 46:30
  And then think about this with cars.
• 46:33
  I know Harley-Davidson is, I'm hearing in trouble because
• 46:36
  Harley-Davidson finances a lot of the motorcycles they sell and
• 46:40
  now people are defaulting on their loans, right?
• 46:43
  I love Honda motorcycles. I love motorcycles, all that.
• 46:46
  I'm not putting anybody down. But you know most people that
• 46:49
  Dr. Harleys are more bread and butter middle class Americans.
• 46:54
  And think about this, if you got a Harley in your garage and you
• 46:57
  got an F150, OK, and you can only afford to make one of the
• 47:01
  payments, you're probably going to pay the F150, right?
• 47:05
  You're going to let the motorcycle kind of slide away
• 47:08
  like, well, that was kind of a luxury item.
• 47:10
  I digress. It's it's getting.
• 47:12
  Extremely difficult for people to make ends meet.
• 47:15
  It can all implode so quickly, right?
• 47:19
  And what's going to happen? What's the only option that
• 47:21
  they're going to have? I'm telling you the only.
• 47:25
  Thing they're going to be able to do is print money, turn on
• 47:28
  the printing presses, right? If you're a person who's sitting
• 47:32
  on a bunch of U.S. dollars, I would be a little bit.
• 47:36
  Careful, but I'm not giving financial advice.
• 47:38
  But me personally, I'd be a little bit careful, right?
• 47:42
  And yes, I have some. Dollars, no doubt about it.
• 47:45
  I don't put don't put all your eggs in one basket necessarily.
• 47:48
  We can do whatever you want, but nonetheless, I would be very,
• 47:52
  very careful. Let's go out and take a look.
• 47:54
  Let's go on a little field trip to our favorite.
• 47:57
  One of our favorite places to visit and that would be the US
• 48:01
  debt clock is it's time for us to do our daily check.
• 48:06
  Of the dollar to silver ratio, this measures the amount of
• 48:10
  dollars being added to the US into money supply for each one
• 48:15
  ounce of silver. OK, it's going up 7:15.
• 48:19
  I think yesterday it was at 7-11.
• 48:22
  I bet if we sat here long enough guys that would just continue to
• 48:25
  skyrocket 700. This was 400 like 4 weeks ago.
• 48:32
  $400.00 paper dollars added to the M2 money supply for for the
• 48:36
  each one ounce of silver that's created throughout the world.
• 48:39
  Does this make sense? What is going on?
• 48:44
  Hold on, Hopefully we're still alive.
• 48:46
  There we go. You have. 13 more likes for the
• 48:50
  gong. OK.
• 48:52
  Thank you, Susie. Susie, would you please say
• 48:54
  hello to everyone with your nice voice?
• 48:59
  Good morning, everybody. Thank you for tuning in with us
• 49:02
  today. I hope you have an awesome
• 49:05
  Sunday. OK, thank you, Susie.
• 49:09
  She's the best. We need 13 more likes and then
• 49:11
  Susie's going to tell me. We'll ring the gong. 750 people,
• 49:16
  this is out of control. This is out of control.
• 49:18
  Let's review quickly as we move into tonight and we could get
• 49:22
  clobbered in the silver market, absolutely clobbered.
• 49:27
  Let's remember something though, guys, right?
• 49:29
  What we've seen lately is strong resilient behaviour from all the
• 49:35
  precious metals, but in particular silver.
• 49:38
  Silver has been resilient. We're in that flag that flag
• 49:44
  chart pattern more likely even if we do get beat down by a
• 49:48
  dollar all right and I'm not saying for sure that's going to
• 49:51
  happen. It's going to be super
• 49:52
  interesting tonight are going to bounce right back because we.
• 49:55
  Still have an epic, an epic 44 year cup and handle In the
• 50:02
  silver market. We still have 600 million share
• 50:06
  our our ounces of silver sold short.
• 50:10
  OK, that's still there. We still are going to hear from
• 50:14
  the big bricks meeting, which is what now 10 days away, 10 days
• 50:21
  about some potential major earth shattering changes to the world
• 50:26
  financial system. It's it's going to continue.
• 50:29
  We're we're OK, OK, China and India just for silver alone.
• 50:36
  The Chinese people are starting to buy silver.
• 50:39
  OK, thank you. We got 300.
• 50:41
  I'll ring the gong. In a second, I got a secret for
• 50:43
  you. I got a little secret.
• 50:44
  I'll be right back though. Hold on, look, I know we do some
• 50:51
  funny, silly stuff in the basement.
• 50:53
  It's OK to be funny and silly. One of which is right when we
• 50:56
  get the 300 thumbs up. We rang the golden gong and we
• 51:00
  rang it three times. Now I want you to listen to how
• 51:02
  this resonates. This golden gong.
• 51:04
  I'm fascinated. OK, that's three rings of the
• 51:13
  gong for 300. Thumbs up.
• 51:16
  It's a big deal. You're here.
• 51:17
  I'm going to tell me Thank you, is all I can say.
• 51:21
  You really do matter, right? We're together here in the
• 51:24
  basement. We.
• 51:25
  Had 800 people on a Sunday morning.
• 51:28
  Thousands of us are coming together.
• 51:30
  It's a big news. And then that's a big deal.
• 51:32
  And I'll tell you the reason why more and more people are joining
• 51:36
  us in the basement. That's because more and more
• 51:39
  people are waking up more and more.
• 51:43
  Right. The sheeple.
• 51:44
  The sheeple are. Oh, wow.
• 51:45
  I forgot about superchats. Thank you.
• 51:47
  My friend from Switzerland. Thank you.
• 51:51
  Hey, guys. Thank you for the superchats.
• 51:52
  They do go a long way to help support the family.
• 51:54
  Thank you, Ramos. OK.
• 51:57
  Thank you. More and more people are joining
• 52:01
  us to hear about silver and gold.
• 52:03
  That means more and more people are buying silver and gold.
• 52:07
  We can look at what's going on with the Costco dads.
• 52:10
  I'm a Costco dad. I've never been in a Costco, but
• 52:13
  hey, I'm not putting anybody down.
• 52:15
  I know Costco is supposedly awesome.
• 52:17
  They're buying silver. They're buying gold.
• 52:20
  It's a big deal as this channel grows, as the other channels out
• 52:25
  there grow, right? It's great.
• 52:27
  OK. I encourage you listen to the
• 52:28
  other I that is, it's the community of silver and gold
• 52:32
  investors is expanding, right? Reawakening is really a good way
• 52:37
  to say it. It's going to be very open to
• 52:39
  your secret, OK? China.
• 52:41
  Chinese people. They've always loved gold, we
• 52:45
  know that, but they really start.
• 52:48
  Thank you, crypto experiences. Wow, that's awesome.
• 52:51
  Thank you for the Super chat. The Chinese people are also
• 52:54
  starting. To buy silver.
• 52:57
  That's not just, you know, I've heard that from Chinese people,
• 53:00
  don't you? But Citibank also told us that
• 53:04
  in a recent report. And that's a huge, huge.
• 53:07
  Deal. Because just, you know, their
• 53:10
  little little side note, there's 1.4 billion people in China.
• 53:15
  If each Chinese person bought 1 oz.
• 53:17
  Of where? Here.
• 53:19
  Let's put out a message to China right now.
• 53:21
  Dear friends in China, this is Ron from Ron's basement.
• 53:25
  We are cordially inviting you to join us as Silver Stackers.
• 53:29
  We have one request. Before you can join the club,
• 53:32
  you need to buy one ounce of silver.
• 53:35
  Yes, one ounce. Come on, focus.
• 53:40
  Well, anyway, you get the point. That would be 1.4 billion ounces
• 53:43
  of silver. Yep, super chat, I got it.
• 53:49
  Thank you. That would be 1.4 billion with
• 53:53
  AB ounces of silver. The whole world only produces
• 53:57
  supplies 1 billion each Chinese person one ounce.
• 54:02
  But then wait a minute, there's this other country, the precious
• 54:06
  metals capital of the world, India, that also has 1.4 billion
• 54:10
  people. Oh, and by the way, right, they
• 54:13
  love gold. They've got Indian households
• 54:16
  officially have 25,000 metric tons of gold, which is more than
• 54:20
  three times the amount of gold that the United States
• 54:23
  supposedly has in Fort Knox. So we supposedly have 8000 tons,
• 54:28
  which nobody's seen for decades, but it's ours.
• 54:31
  We just believe, like we believe in the value of paper money,
• 54:37
  right? Yeah.
• 54:37
  No, supposedly we have 8000 metric tons.
• 54:41
  Chinese people supposedly have 25,000 metric tons buried in
• 54:47
  their mattresses and their walls and their houses.
• 54:49
  That's not their central bank. That's just the people.
• 54:52
  But some people think that number.
• 54:54
  So we have the United States, which could be lower, but we
• 54:56
  have the Indian people that have officially 25,000 what they
• 55:00
  report, but a lot of people think it's even higher.
• 55:03
  We know the central banks. Russia's buying silver.
• 55:10
  Yeah, Russia, the country. Think about it.
• 55:16
  Silver industrial demand through the roof.
• 55:20
  OK, this is this is Oh my gosh, this is the this is the apex
• 55:25
  moment. All those things are true.
• 55:29
  That's people demanding. So the guys on the supply side,
• 55:33
  have you seen this chart lately? It shows how much, how far down
• 55:38
  silver production has fallen in Mexico and Peru.
• 55:44
  Have you seen that? Because it's like a Cliff.
• 55:47
  It goes down, baby. That's the production of silver
• 55:51
  in Mexico, which is the world's leading producer of silver for a
• 55:56
  number of reasons, not the least of which is their government,
• 55:59
  apparently. Is very has a very distasteful
• 56:03
  towards silver mining when a ban open pit mines all that, but
• 56:07
  that's the world's biggest producer of silver down.
• 56:10
  Peru, they're like the third biggest down.
• 56:13
  OK, it's happening. OK, it's happening all with with
• 56:18
  the backdrop of a world that has experienced economic debt and
• 56:25
  geopolitical strife like nothing we have ever seen.
• 56:29
  OK, You know the best thing I've seen today.
• 56:31
  That's you. Thank you for being here.
• 56:33
  All 800 of you joining me here in the basement.
• 56:36
  It is a big deal. You are important.
• 56:39
  You're always welcome here. You're part of the club, OK?
• 56:42
  Basement dwellers are nice people.
• 56:45
  I mean, very rarely do we have to ban somebody from the
• 56:49
  channel. So thank you for being so
• 56:51
  awesome. Thank you also to everyone of
• 56:54
  you. Yesterday we talked about our
• 56:55
  friend Coin Shop Chris. Here's a YouTube channel.
• 57:00
  He's a friend of the basement Coin Shop Chris.
• 57:04
  He's in a very difficult situation.
• 57:06
  I think things got a little better for him this morning, but
• 57:08
  he incurred some big expenses. Family emergency had to do with
• 57:12
  the the the weather condition that was on the news for a
• 57:15
  number of days. Great guy and I asked you guys
• 57:18
  to help out. I donated some money to him.
• 57:21
  A lot of you donated money to him.
• 57:22
  He is so appreciative. OK, I can tell you that and I
• 57:26
  want to say thank you for helping Susie and I help give
• 57:29
  him a little bit of a helping hand.
• 57:31
  I think things are going to get a little better for him here and
• 57:34
  he'll be back on his channel. But in the meantime, why don't
• 57:36
  you go because we're going to sign off here in 30 seconds.
• 57:40
  Go out to YouTube, type in coin shop Chris in the YouTube search
• 57:44
  bar. If you haven't already,
• 57:46
  subscribe to his channel. He'll be back making videos
• 57:48
  again. He makes awesome videos.
• 57:50
  His or more coin. We have really kind of different
• 57:54
  approaches, but his channel's doing awesome.
• 57:56
  It's like the fastest growing precious metals channel on the
• 57:58
  Internet. Thank you.
• 58:00
  OK. We love you guys, Susie and I
• 58:03
  Thank you, Jake from Jake's Custom Parts.
• 58:05
  Thank you big time. The Silvershire.
• 58:07
  Thank you, Annie Oakley, all the moderators.
• 58:09
  OK. Whoa.
• 58:11
  Kip Jones, hold on a minute. We had a late arrival.
• 58:14
  Almost missed this, He says. I'm fairly new around here.
• 58:19
  You mentioned closing the doors after a certain number of
• 58:21
  people. What's the story behind that?
• 58:24
  Liking the content, keeping it up.
• 58:26
  OK, Kip. Thank you.
• 58:27
  Oh, wow. Thank you.
• 58:28
  Richard Boland, Thank you. Have a great day.
• 58:31
  There's our friend Richard Boland.
• 58:33
  Let me address Kip. And his question that's more
• 58:37
  just a kind of a joke, figuratively speaking, but I can
• 58:40
  we can see how many people are down here are on the live stream
• 58:44
  like right now It's I see. Almost 700 people and when we
• 58:49
  get to 800, what I mean by that, but there's a big there's a real
• 58:52
  meaning behind that Kip, and that is that there there's only
• 58:58
  so much room in the silver and gold community for people that
• 59:01
  want to get. Silver and gold.
• 59:03
  So there there's we've had experiences in the past during
• 59:07
  the banking crisis, a year and a half ago, during the health
• 59:10
  crisis back in 2020. Where it was very difficult to
• 59:13
  actually get precious metals, there's actually a pretty, the
• 59:17
  amount of availability of metals to the retail investment
• 59:21
  community is actually pretty slim.
• 59:23
  OK, it's a small fraction. Well, it's a fraction.
• 59:27
  It's a small percentage of the overall, let's say, silver
• 59:30
  available in the world. And when people rush to buy
• 59:34
  silver, it can get run, it can run out very quickly.
• 59:38
  So what I'm saying is, I'm saying that figuratively, like
• 59:41
  we're early. We're people that are that are
• 59:44
  that are learning kind of beforehand what is going on.
• 59:47
  So when I say the doors going to get locked, that's just kind of
• 59:50
  a figurative, a piece of speech. Like there's only so much room
• 59:54
  on the. Silver and gold lifeboat is
• 59:55
  another way that I like to say that and and we're, you know, we
• 1:00:00
  showed up early for the show, so I hope that makes sense.
• 1:00:03
  I didn't feel like I didn't do a great job of explaining it, but
• 1:00:07
  I'll I'll try to explain it more next time I do it.
• 1:00:10
  You know how that goes sometimes.
• 1:00:12
  Things just don't flow and I've been talking here for an hour.
• 1:00:15
  OK, which is? A real privilege to get to do.
• 1:00:18
  Thank you for being here. Thank you for the Super chats
• 1:00:21
  guys and I will see you soon.