Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨 SilverWars.org 🚨 - Reveals the TRUTH About SILVER

Transcript

🚨 SilverWars.org 🚨 - Reveals the TRUTH About SILVER · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:03
  Hey everybody, welcome to Ron's Basement.
• 0:05
  We have a massive big show today.
• 0:08
  We're going to learn about a new website that'll be open to the
• 0:11
  public later this week that is set to smash a lot of the
• 0:16
  previously accepted narrative surrounding Silver,
• 0:21
  silverwars.org and we have exclusive also access to the man
• 0:27
  behind all this. He's going to join us in just a
• 0:29
  few minutes, but it's fascinating.
• 0:31
  Let's run out and take a quick look and then we'll talk about
• 0:34
  what's going on right now in the silver and gold markets.
• 0:38
  I had predicted yesterday that we could see a little bit of a
• 0:41
  pullback. It's been absolutely crazy, but
• 0:43
  this is what we're going to talk about in just a little while,
• 0:47
  guys. Silverwars.org It's not up and
• 0:50
  running to the public just yet. We're looking at a preview here,
• 0:54
  but this This site is set to cause some waves, I guess you
• 1:00
  could say within the silver community.
• 1:02
  You know, there's always been a bit of controversy surrounding
• 1:06
  some of the published numbers out there regarding silver
• 1:11
  demand silver supply and this website is is just incredible.
• 1:17
  You're going to love it. And like I said, we're going to
• 1:19
  talk to the man behind it here in just a few minutes.
• 1:22
  Let's get back up. Let's take a look at what's
• 1:25
  going on right now. The real important story this
• 1:28
  morning, Gold is heading steady or holding steady around $2346
• 1:34
  per oz. I was really shocked to see it
• 1:38
  up this morning. Was up 1520 dollars at one
• 1:41
  point, but back to about even. Let's remember, let's all smile,
• 1:47
  right? It's Monday morning, It helps to
• 1:48
  smile. Let's remember that we have
• 1:51
  $2346 gold. And when we look at silver, it's
• 1:56
  even more optimistic. $28.38 in the spot market right now.
• 2:02
  Up $0.54 per oz. What is happening in silver?
• 2:06
  Hey, I got an extra special treat for you as well when it
• 2:09
  comes to Silver because we're going to talk with John Little,
• 2:13
  the man behind the Silver Academy also and talk about some
• 2:18
  interesting data story he put out a few days ago about what's
• 2:23
  going on in mainland China. And let's just say the
• 2:27
  government encouraging the citizens to now invest into
• 2:32
  silver. Don't forget there's 1.4 billion
• 2:35
  people there in Mainland China. But let's go to Kitco really
• 2:40
  quickly to see what the let's hear what the big time analysts
• 2:44
  are telling us what to expect in the gold price.
• 2:47
  We know gold is the godfather of the precious metals.
• 2:50
  Gold is the godfather of the anti Fiat anti money printing
• 2:56
  movement. OK, gold is on top of
• 2:59
  everything. Our friend Neil's over at Kis
• 3:01
  Kitko publishes that we should expect to see some consolidation
• 3:06
  this week as the gold price was unable to hold above 2400 last
• 3:11
  week. Let's just go down here and
• 3:15
  let's start here talking about the Fed.
• 3:17
  According to the CME Fed watch tool, markets now only see a 27%
• 3:24
  chance of a rate cut in June. We don't need rate cuts.
• 3:28
  We don't need rate cuts for gold to do well.
• 3:31
  We need the reality, reality to sink in with more people that
• 3:36
  that the dollar is going down in real value as soon as inflation
• 3:41
  overtakes. Whatever the interest rate is,
• 3:44
  it doesn't matter. We're going to see massive
• 3:46
  movements in the gold price and the silver price, but that 27%
• 3:51
  chance of a rate cut in June is down from 50% last week and 68%
• 3:55
  the prior month, blah blah blah. Let's go down and hear what the
• 3:58
  big analysts are telling us we should expect.
• 4:01
  We'll start with this guy, Naim Aslam says quote, I think the
• 4:05
  momentum is still strong, but at the same time, it's not right to
• 4:10
  be greedy. That's right, basement dwellers.
• 4:12
  We know that We're not overly greedy, we're just moderately
• 4:16
  greedy. And given the stellar rally that
• 4:20
  we've seen in the gold price, we think it's wise to book us to
• 4:23
  book some profit. OK, let's hear what Newman Hey,
• 4:27
  Newman had to say, huh? Old Newman.
• 4:31
  Philip Newman, director and bounding partner of Metals
• 4:35
  Focus, also said it might be a good idea for investors to take
• 4:39
  some profits off the table. He said the gold market is due
• 4:43
  for some consolidation after this unprecedented run in
• 4:47
  director territory, says Quote. We don't expect to see a
• 4:50
  significant pull back, but we do think we like that Newman.
• 4:54
  We don't want a significant pull back, but we do think a short
• 4:56
  term correction makes sense at these levels.
• 5:00
  Guys, we got to remember, right, nothing goes straight up.
• 5:04
  We've been really spoiled with the gold price and most recently
• 5:08
  with the silver price, right, because silver had some big time
• 5:11
  catching up to do and maybe still does maybe.
• 5:14
  Do you think that's what we're seeing today, right, silver
• 5:17
  continuing to catch up that that elastic band that we like to
• 5:22
  call the gold, the silver ratio that have been so far stretched
• 5:26
  out the 9095 ounces of silver to get one ounce of gold.
• 5:30
  When it when that band, when that bungee cord, that rubber
• 5:33
  band, however you want to think about it starts to contract a
• 5:37
  more reasonable levels 7060. I mean what would the silver
• 5:42
  price be right now if we had a 60 to 1 gold to silver ratio
• 5:49
  like $40 per oz, right. We're let's just say roughly a
• 5:52
  $2400 gold. If we had a 60 gold to silver
• 5:57
  ratio guys, that means we would have $40 silver.
• 6:01
  It would tilt till it would tilt take still take at that .3
• 6:07
  right, a 60 to 1 gold to silver ratio, 3 tubes of American
• 6:12
  Silver Eagles to get one ounce of gold.
• 6:15
  Sorry, that's I still I I know I have a problem, but I I still
• 6:19
  would, I still would opt for the silver.
• 6:22
  I do love gold though. OK, let's just listen to our
• 6:26
  last one here. Ole Henson, head of commodity
• 6:30
  strategy at Saxo Bank said that although the price momentum is
• 6:33
  extreme, he's looking through the recent volatility and is
• 6:37
  focused on the broader trends driving prices.
• 6:41
  He noted that gold remains well supported, in part due to rising
• 6:45
  inflation fears. Amen.
• 6:48
  Olay Olay. Olay said it right.
• 6:51
  Inflation is a big issue and growing uncertainty over the
• 6:55
  health of the global economy. I think Olay just described
• 7:00
  stagflation, stagflation, the most fertile soil for silver and
• 7:05
  gold, right. Rising inflation, right.
• 7:08
  That's the the deflation and stagflation and a stagnant
• 7:12
  economy, right. That's the Stag and stagflation
• 7:15
  and guys it is. That is the promised land for
• 7:19
  silver and gold investors and we could be heading into it.
• 7:23
  Let's finish up here with what Olay had to say and then we're
• 7:25
  going to see if we can bring on the one and only Big John Little
• 7:29
  right now. Olay says the market is looking
• 7:32
  for something to break before it has actually broken.
• 7:35
  And it leaves the market exposed to a correction.
• 7:38
  And I'm going to take chips off the table.
• 7:40
  I don't think so is I'm in for the long run.
• 7:43
  Right. If you're a long term investor
• 7:45
  in silver, a long term investor in gold, some of you aren't,
• 7:49
  some you are. You, you know, some of you like
• 7:50
  to trade back and forth and you know, whatever, whatever floats
• 7:54
  your boat. Me, I'm a long term guy.
• 7:57
  I go lay, he said I'm still wondering what may happen if the
• 8:01
  economic data starts to weaken and inflation and inflation
• 8:04
  remains bid. That means inflation remains up.
• 8:07
  That would justify Gold's performance.
• 8:10
  So that's what we're hearing, right.
• 8:12
  The OK, Susie just said we got 100 likes.
• 8:15
  You know what guys, let's go back and we're going to We
• 8:17
  haven't done this for a while. Let's do the ringer, dinger.
• 8:21
  And then we're going to go check out this.
• 8:24
  Don't forget, this is new. This is big.
• 8:27
  And we're going to talk to the man behind it all, Mr. John
• 8:31
  littlesilverwars.org. But first, let's go and let's
• 8:36
  ring. As a sign of thank you, let's
• 8:40
  ring the pinger. What's this called?
• 8:42
  Sound money. I think it's called the pocket
• 8:44
  pinger. Anyway, 10 times and I proved
• 8:47
  that I and everybody smile. I know it's Monday morning, man,
• 8:50
  it's painful. I'm in one of those painful
• 8:52
  mornings. Here we go, 12345678910.
• 9:01
  I can't count to 10, and I can't smile.
• 9:03
  And so can you, right. It doesn't hurt to smile.
• 9:05
  Darn it. All right, guys, let's check and
• 9:08
  up. I don't see him here.
• 9:10
  We're going to. We're going to get John on here
• 9:12
  in a few minutes. I told him about 15.
• 9:14
  There he is. There's the man, John Little.
• 9:16
  All right, I'm going to add him to the stage.
• 9:19
  Hello, John, can you hear me? Yeah, I want to show everybody
• 9:23
  that I have been sentenced to the basement too.
• 9:27
  You can see there's a mattress there when my wife.
• 9:29
  Sees. When she gets sick of hearing
• 9:32
  about silver and gold. Can you guys hear John?
• 9:36
  Jessie, can you hear John? Checking 1234.
• 9:39
  One second, everybody. Checking 1234.
• 9:49
  Hold on, John. Checking 122.
• 9:51
  You can. OK, hold on one second.
• 9:53
  I'm going to unplug my microphone.
• 9:56
  It's OK. John, can you hear me?
• 10:04
  Yes, Sir. OK, I can hear you too.
• 10:06
  I'm having, you know, the normal Ron's basement microphone
• 10:09
  problems. So we got big news this morning,
• 10:11
  John, Huh. You're the the silverwars.org
• 10:16
  going live tell. Us this live tomorrow.
• 10:20
  Ron and I thank you for and your awesome subscribers.
• 10:24
  Yep. Yeah, this is big news, John.
• 10:27
  You put a lot of work into this. I know you're probably becoming
• 10:31
  one of the most knowledgeable people when it comes to the,
• 10:35
  let's say, inner workings, what's really going on in the
• 10:38
  silver market. So you put this together, I'm
• 10:41
  going to run out there and pull it up on the screen for
• 10:43
  everybody to see. I sound muffled.
• 10:48
  OK, well, I'm doing the best I can.
• 10:50
  I'm dealing with my. Can you still hear me, John?
• 10:53
  Yep. OK, so we're out at
• 10:56
  silverwars.org. Why don't you kind of tell us
• 10:59
  what what, what, what this is and what our viewers of silver
• 11:03
  enthusiasts right that are here in the basement what they can
• 11:06
  expect from from silverwars.org? OK, great.
• 11:10
  Thanks. It's great being here.
• 11:12
  This isn't just me. There's about a team of ten of
• 11:15
  us working on this project. It's been over a year.
• 11:18
  It all started by tracing what happened during the Manhattan
• 11:23
  Project. And then we discovered that when
• 11:28
  silver was pulled out of the coins around the mid to late
• 11:31
  60s, there was a lot of congressional testimony.
• 11:36
  And we found all the newspaper clippings.
• 11:39
  Not web articles, but the actual newspaper clippings.
• 11:43
  Old school like microfilm showing that the silver users,
• 11:49
  which was sort of a syndicate of industrial users of silver,
• 11:53
  urged Congress to remove the silver from the coins because
• 11:57
  the military wouldn't have the silver it needed to build mostly
• 12:02
  torpedoes at that time. But then it went on to
• 12:04
  bombshells, missiles, rockets, satellites and other things.
• 12:08
  So what we've done is just with silverwars.org is we're trying
• 12:14
  to shine light on some darkness as far as data goes.
• 12:19
  So this is just a research project, sort of like WikiLeaks
• 12:23
  did. This would be sort of like for
• 12:25
  silver or WikiLeaks. And every single day we're going
• 12:28
  to upload a new data dump. We're starting under the water,
• 12:32
  so it'll be silver by sea, then silver in space, silver through
• 12:37
  the skies and then silver by land.
• 12:40
  So sort of like that old one if by land, two if by sea, the old
• 12:45
  Paul Revere quote. So, yeah, thanks for having me
• 12:49
  on. What questions do you think we
• 12:52
  should answer today? Well, you know it it.
• 12:55
  I'm gonna Scroll down here, this the website and kind of show
• 12:59
  there who we are exposing the injustices plaguing the silver
• 13:04
  market. I just want to read this.
• 13:06
  I think it's key key to what you're doing.
• 13:08
  We're dedicated to uncovering silver market manipulation and
• 13:13
  malfeasance by the United States Treasury and the department of
• 13:17
  this fence, which could threaten national security.
• 13:20
  That's a that's a pretty strong statement there, huh, John?
• 13:24
  Well, the idea is that these are just like recently we saw and
• 13:28
  let's who cares if it's Biden or Trump or Clinton or Obama?
• 13:32
  It doesn't matter. It's the Uniparty.
• 13:35
  They make decisions to drain the petroleum reserves.
• 13:38
  We know that's been happening. But what happens if we ever do
• 13:42
  get in a wartime environment? We're not, you know, so the same
• 13:46
  thing happened with silver. And you got to remember, United
• 13:49
  States is 79% import reliant on silver.
• 13:55
  We get it all from Mexico and some from Peru.
• 13:58
  So all we did was put together a timeline, Ron, so you can Scroll
• 14:02
  down the timeline and see some of the sort of landmark
• 14:06
  decisions that were made. Some are in the Congressional
• 14:09
  record, some are not. So it's sort of up to the user,
• 14:14
  just like you would navigate any research project to do be do
• 14:19
  your own due diligence. Ron, How many times have I heard
• 14:21
  you tell your readers, subscribers, viewers, followers
• 14:26
  to do their own due diligence? Right.
• 14:29
  So we're making it a little easier, but we think by starting
• 14:33
  with torpedoes and then to submarines and then on other
• 14:39
  vehicles that are underwater, we'll then pivot to space where
• 14:44
  that's the most silver use. We we wanted people to get their
• 14:48
  feet wet. That's why we're starting silver
• 14:52
  by sea first, so. Do you, do you plan on
• 14:58
  eventually maybe even looking into like the manipulation
• 15:02
  that's gone on at the COMEX and the LBMA?
• 15:04
  Yeah, we have new data on that. It's basically Craig Hemke of TF
• 15:10
  Metals did a wonderful article that hardly anyone notices about
• 15:14
  a year ago today. He found a WikiLeaks article
• 15:17
  where gold futures and silver futures were sort of established
• 15:23
  intentionally to introduce volatility to the market.
• 15:28
  And when you introduce a lot of volatility to the market, you
• 15:32
  start demoralizing silver investors.
• 15:34
  They cannot are weak. And I'll and count myself, my
• 15:39
  weak little hands just can't take that sort of stress versus
• 15:43
  the diamond hands we're supposed to all pledge that we'll have.
• 15:47
  So we're discovering that COMEX vaults and LBMA and all of those
• 15:55
  that sort of intentional manipulation is now being
• 15:59
  disrupted by the Chinese citizens and they listen to
• 16:02
  their government. You got to remember, China
• 16:04
  property market just crashed. So did real estate.
• 16:08
  So those people believe they'd listen to their government.
• 16:11
  And their government's been telling them to stack gold.
• 16:13
  Now they switched to silver knowing that that's the weakness
• 16:17
  in the West. So they can bring this sort of
• 16:21
  manipulation to an end 11 oz at a time, just like you teach your
• 16:26
  people. Ron Yeah.
• 16:27
  Hey John, I'm going to pull up that article that you wrote.
• 16:31
  I want to emphasize everybody. John has worked on this, the
• 16:33
  silverwars.org website along with the team of of other people
• 16:38
  and our hat goes off to everyone who's contributed to
• 16:41
  thesilverwars.org website and it'll be up later in the week I
• 16:45
  believe. Is that correct, John?
• 16:47
  Like midday tomorrow. Midday tomorrow.
• 16:50
  Wednesday at the latest. But John also works and and it's
• 16:54
  and I have a link, it's always in the description of every one
• 16:58
  of my videos. But he's, he's very active
• 17:00
  publishing on a daily basis. Great articles about usually
• 17:06
  silver but often times gold as well.
• 17:09
  And I'm going to bring you to one of John's sub stacks here,
• 17:12
  see if I can get this right this time.
• 17:15
  All right, here it is. Here we go.
• 17:17
  The Silver Academy, you're responsible for this, correct,
• 17:20
  John? Yeah, I wrote this one just a
• 17:23
  couple of days ago and now it's it's trending on silverseek.com
• 17:28
  and 321 Gold and a couple of other national publications
• 17:32
  picked it up. So this is big news about
• 17:35
  Silver, right? I I when I read this.
• 17:38
  This is why I love getting the daily e-mail from you, because
• 17:41
  there's always something very interesting.
• 17:45
  You know, you work very hard every day to get great
• 17:47
  information out there. I thought this was probably so
• 17:51
  far for the year. One of the most exciting things
• 17:54
  I read about silvery. You want to walk people through
• 17:56
  what you what you learned here. Sure.
• 17:59
  Yeah. If you could just Scroll down
• 18:00
  just a little bit. So I can again, I do about two
• 18:04
  articles a day, so it gets tough.
• 18:06
  But I this is just math. So if they have 1.4 million
• 18:10
  people, US has about 330 million.
• 18:13
  So they're three times larger now.
• 18:17
  You got to remember that in the West we're so distracted with
• 18:21
  you know Twitter and Netflix and other things.
• 18:24
  You got to remember China has just seen their real estate
• 18:27
  market crash as well as their stock market crash.
• 18:31
  They don't believe in credit card debt like the US consumer
• 18:34
  does or over consumption. So really throughout their
• 18:38
  legacy it's in their DNA to stack silver and gold.
• 18:42
  So the word on the streets, and some of this is anecdotal, but
• 18:45
  we also have some reporters that tune into their big social
• 18:50
  media, forgot the name of TikTok in Chinese, but it's like Dion
• 18:54
  Yang or starts with AD and then they've got $0.10 and WeChat and
• 19:00
  just like five other social medias that are much bigger than
• 19:03
  our Twitter. And so the message is China
• 19:07
  knows that the weakness right now with the United States is
• 19:12
  that the dollar is really only prop.
• 19:14
  We've lost gold backing. We just lost Saudi oil backing,
• 19:18
  so the only thing propping it up is the military.
• 19:20
  So now they're doubling down and trying to stick it to the rigors
• 19:24
  because China figured out that they can buy a lot more oil
• 19:30
  through gold trading outside the US dollar than they could before
• 19:35
  using the dollar through markets in London and and New York.
• 19:40
  So they want to really. So every time gold goes up, they
• 19:45
  can buy more oil. So that's really the key.
• 19:48
  And now that gold has left the station, silver always follows
• 19:52
  gold. So now they've switched the
• 19:54
  playbook from OK Gen. Z and you everybody can do a a
• 19:59
  Google search right now on Gen. Z stacking gold in.
• 20:03
  China 1 bean at a time, 1g at a time, which buys you one barrel
• 20:07
  of oil. You can't strap a barrel of oil
• 20:10
  on your back, so you might as well grab that.
• 20:12
  You know, you could put a whole tanker full of oil in a shoebox,
• 20:17
  you know, think of it that way. Why wouldn't you do that if you
• 20:20
  can at these prices? So This is why we're seeing you
• 20:24
  silver take off because one the the, the price is being set in
• 20:28
  Shanghai now and Pierre Lasson who's probably the biggest
• 20:33
  expert in gold and silver in my opinion, him and guys like Frank
• 20:37
  Chustra and Eric Sprott, they they've watched this forever.
• 20:40
  They know that it's now being set in Shanghai and not by the
• 20:44
  COMEX. We don't even think there's much
• 20:47
  metal there. You know what do you think Ron?
• 20:50
  I don't. Yeah, No, it's well, it seems
• 20:52
  like to me and I'm hearing this, I'm observing it and I think
• 20:56
  our, our viewer who's joining us is observing this as well that
• 21:01
  all the it's not just silver and gold.
• 21:03
  I'm hearing even copper and other like elements that
• 21:07
  everything's going to China that they're that they're like
• 21:10
  throwing you know piles of U.S. dollars back to us and saying
• 21:16
  hey, we'll take your gold, we'll take your silver.
• 21:18
  And I think with this silver situation, you know from what I
• 21:22
  I'm not in China. I've never been to China.
• 21:25
  But the reports that I'm hearing indicate that the Chinese people
• 21:30
  have gone absolutely crazy over gold, right?
• 21:35
  These reports of just like the Chinese government, the Chinese
• 21:39
  citizens have gone crazy over gold.
• 21:41
  And it looks like now the government's like, OK, whoa,
• 21:44
  whoa, whoa, whoa, whoa. We need, you need to leave some
• 21:46
  gold for U.S. citizens now that that now it appears that the
• 21:51
  government may be trying to shift some of that demand to
• 21:54
  silver. I want to read this this tweet
• 21:56
  that you had. I believe this was a tweet from
• 21:58
  BJW in your article. And he says my wife is in China.
• 22:04
  She speaks and reads fluent Mandarin.
• 22:07
  She told me last night that Chinese media is writing
• 22:11
  articles and recommending silver as a better investment as gold
• 22:17
  gets more expensive. I mean, what is that telling us?
• 22:20
  Yeah, it's the same thing that you tell your followers,
• 22:23
  subscribers and viewers every day, right?
• 22:26
  I mean, you do both. But, you know, we always learned
• 22:30
  that gold was the sort of medal for kings, and silver's the
• 22:34
  medal for the common people. And I sorry, I'm in the common.
• 22:38
  I'm not a king. I'm here in the basement.
• 22:41
  I'm not King John or King John. King John, the benevolent little
• 22:47
  king. Go to the bottom of that
• 22:48
  article, Ron, and just show the 800,000 people that lined up.
• 22:52
  And I didn't. I didn't.
• 22:53
  I don't know you had the picture on there.
• 22:55
  That's funny. This is anyone who shorted
• 22:57
  silver after May of 2021 officially underwater.
• 23:01
  The the this is the Oriental ghost who frequently I don't
• 23:05
  know if it's daily but at least frequently publishes data right
• 23:09
  from the Shanghai Gold Exchange and the Shanghai Futures
• 23:12
  Exchange and we're seeing silver closing above $30.00 I think it
• 23:18
  was even 31 hit 32 during that you know little run up.
• 23:22
  We have last I mean the price of silver in Shanghai whether the
• 23:26
  futures or the gold exchange seems to be two to $3.00 an
• 23:30
  ounce higher on a pretty regular basis.
• 23:32
  Are you, Is that what you're seeing, John?
• 23:34
  Yeah. And that's the strategy.
• 23:35
  The the it's what we call arbitrage.
• 23:38
  If you buy jeans at a thrift store for 10 bucks, you can sell
• 23:42
  them online for 100 in some cases, or go to Europe, it'll
• 23:47
  pay for your trip, You know, pack your suitcase of jeans.
• 23:51
  Just tell the government that they're your own and you're not
• 23:54
  reselling them. I mean, look at the fervor
• 23:56
  there. Can you imagine if that took off
• 23:58
  in the United States? But right now, the youth is too,
• 24:01
  you know, distracted. Yeah, I want, I want to say
• 24:04
  something. You said this earlier, you
• 24:06
  pointed out that the Chinese population is 1.4 billion people
• 24:10
  in the United States, we got about 300.
• 24:13
  Their population is, I don't know, three or four times
• 24:17
  somewhere in between there between the United States.
• 24:20
  But I would say that their interest in silver, their
• 24:23
  interest in gold amongst that population maybe three times
• 24:27
  bigger, but their interest in silver and gold to me is like 30
• 24:31
  times more. I mean you know maybe here you
• 24:34
  get 3% of the population that has some level of interest in
• 24:38
  silver or gold. And I think over there it's
• 24:40
  pretty easy to say that seems like what I hear is like 90% of
• 24:45
  people. It's the it's the inverse of of
• 24:47
  what we have here in the United States.
• 24:49
  Very good, Ron. And you gotta remember that.
• 24:51
  Yeah, there's that shot right there. 800,000 people.
• 24:55
  It's not. I keep looking for you in that
• 24:57
  crowd, John. I think I see you in the upper
• 24:59
  right corner there. They're carrying you, you know,
• 25:01
  above the crowd, King John. Well I'm about the right height.
• 25:06
  I'm 5 foot five on a good day so I'd be perfectly you know I
• 25:10
  could easily a guy like you Ron you're pretty when I mean big I
• 25:15
  mean stealth big not you're not over it like the I would but
• 25:21
  look at the at the very end there.
• 25:22
  I think it explains why they're doing it.
• 25:25
  What the whole strategy for China is.
• 25:29
  Basically there should be a chart saying that it checks
• 25:32
  three boxes. Go down for air, right?
• 25:35
  There those three checks by doing this.
• 25:37
  First of all they're they can obtain more oil than they could
• 25:42
  just, you know six months ago. That's a pretty big deal to be
• 25:45
  able to obtain more oil. So now that London ETF tonnage
• 25:49
  is drain? Check.
• 25:50
  LBMA tonnage drained, check. And now that it's set in China
• 25:55
  instead of London, where it has been for the past 50 or 60
• 26:00
  years, they're in control of their own energy Destiny check.
• 26:05
  So this is a big move. This is much bigger than, I
• 26:09
  mean, I work with the Reddit apes, but the Silver Squeeze
• 26:12
  with Reddit, it's nothing compared to what I see going on
• 26:15
  here. This is the real squeeze, in my
• 26:17
  opinion. No disrespect to the American
• 26:21
  apes, but I'm just putting the numbers to it.
• 26:23
  Like you said, they're 30 times more, let's say, feverishly
• 26:29
  stacking. Is that fair to say?
• 26:31
  Yeah, I think that's a that's an accurate statement.
• 26:33
  You know, I, I had dinner back in October with A to get this
• 26:38
  right, a Canadian banking executive who's very in tune
• 26:41
  with kind of what's going on in the world, but also with what's
• 26:45
  going on within gold and silver. He explained to me back then he
• 26:49
  was like the, the, the, the the Chinese are buying oil for gold
• 26:55
  right now. That goes on exactly along.
• 26:57
  You know, it's really simple. It's really simple.
• 26:59
  He said basically, let's say Saudi Arabia wants to sell oil
• 27:04
  to China for gold. They sell, they sell the oil to
• 27:08
  China for yuan right on their whatever exchange when they you
• 27:12
  know, and they so they the the the the Saudis get paid with
• 27:16
  Chinese yuan, but then they're able to immediately convert that
• 27:20
  yuan to gold on the Shanghai Gold Exchange, he said.
• 27:23
  You know, if there's one little step, but for all intents and
• 27:27
  purpose they are buy, they are selling and buying.
• 27:30
  You know, gold is an oiler being exchanged between China and a
• 27:35
  number of other countries right now.
• 27:39
  That's what I got for you today, Ron.
• 27:41
  You're you're just an Angel from heaven to let me even talk about
• 27:44
  this website. We do think we'll give you a
• 27:47
  shout out on it as soon as possible because you're, you
• 27:51
  know, you do the YouTube broadcast as as well as anyone.
• 27:54
  You stay tough, you stay consistent and your subscribers
• 27:58
  are the best and they're very educated.
• 27:59
  I've learned a lot from checking out the comments in your, so
• 28:05
  thanks for letting me in today. Yeah.
• 28:07
  Well, John, it's been our pleasure and I want to reiterate
• 28:10
  to everyone, go check out John's sub stack.
• 28:14
  There is a link in the description of this and every
• 28:17
  video that I put out because I really believe that John is
• 28:21
  genuinely interested in furthering the the the cause for
• 28:27
  silver and gold. So we appreciate everything
• 28:29
  you're doing. John and I get to share a lot of
• 28:32
  the information that you come up with.
• 28:34
  You know, I'm not going to say every single day, but at least
• 28:36
  once or twice a week, I'm talking about something that I
• 28:40
  learned from you. So we appreciate you and thank
• 28:45
  you On behalf of all of our viewers.
• 28:46
  Thank you for being here and we'll we'll look forward to
• 28:50
  seeing you next time. OK.
• 28:52
  All right. Stay awesome.
• 28:53
  Thank you so much later. See you, buddy.
• 28:56
  Bye. Bye.
• 28:58
  All right, guys. There we have it.
• 29:00
  I'm going to try to plug in my microphone again.
• 29:04
  We're going to do a little technical.
• 29:07
  Let's see. Can you hear me?
• 29:09
  Can you hear me? Susie?
• 29:11
  If they can't hear me, please let me know.
• 29:13
  I'm going to go on. But we're getting mainstream
• 29:16
  media attempting to bash down gold.
• 29:20
  What? You sound good.
• 29:23
  I sound good. OK.
• 29:24
  I don't know what's going on when I'm bringing guests on now.
• 29:26
  You know I do. We do the best we can here in
• 29:28
  the basement. Running on a shoestring budget
• 29:33
  nonetheless. What is what?
• 29:35
  What What is Bloomberg? I didn't like this article.
• 29:38
  I don't think you're gonna like it either.
• 29:40
  But I think it's really interesting when we analyze what
• 29:44
  they're actually saying about why people are selling gold.
• 29:48
  We just heard about how Chinese people, the whole world is
• 29:51
  buying silver and gold. They're they're they're
• 29:54
  thankfully taking all of our silver and gold.
• 29:57
  What are these people thinking? And what is Bloomberg saying?
• 30:00
  That got me a little worked up. OK, a Brooklyn pawn shop.
• 30:06
  Very interesting. At a Brooklyn pawn shop,
• 30:09
  customers are flooding in to sell gold.
• 30:13
  Let's read this. We're going to go through a
• 30:15
  couple quick highlights. Investors and metal traders
• 30:18
  can't agree on what exactly is behind Gold's recent rally at
• 30:23
  King Gold Pawn in Brooklyn. The customers don't care.
• 30:27
  They just want to sell. And hey, while I have your
• 30:29
  attention guys, let's say thank you to channel sponsor Pinbex
• 30:33
  because you don't want to sell. You want to buy gold, silver,
• 30:37
  platinum. You want to do yourself a favor
• 30:40
  and check out Pinbex Pi MB E xpinbex.com.
• 30:45
  Fun to spell, Fun to say, save fun to get more metal for your
• 30:50
  money. And that's what you'll find,
• 30:52
  right? I won't tell you what to do, but
• 30:54
  I would say you may benefit from checking out Pinbex next time
• 30:57
  you're in the market for gold, silver, or platinum.
• 31:00
  Their prices are always ultra competitive.
• 31:03
  The box comes to you wrapped up like Fort Knox.
• 31:06
  OK? They have all the same products
• 31:08
  that all the other big online bullion dealers have and they
• 31:12
  have great customer service. Read the reviews, but find out
• 31:15
  for yourself. But let's see what's going on at
• 31:17
  this Brooklyn pawn shop where people are selling gold.
• 31:20
  OK, it says here. For some, the sky high values
• 31:24
  mean it's a good time to cash in.
• 31:26
  It's hard to ignore record prices that climb above 2420
• 31:30
  four $100.00 an ounce last week. For others, it's a more
• 31:34
  desperate move to get money for bills and rent whatever they
• 31:39
  need. What's clear is Jewelers and
• 31:42
  pawn shops are seeing a flood of sellers.
• 31:46
  OK, quote, people are using gold as an ATM they never had, said
• 31:51
  Gene Furman, owner of King Gold and Pawn and Empire gold buyers
• 31:55
  at Furman's Fifth Avenue store. The number of people coming in
• 31:58
  and selling and pawning gold jewelry is more than three times
• 32:03
  above normal levels since prices started to rally in late
• 32:07
  February. OK, what I want to point out
• 32:11
  here, which I think is very important for us to remember, is
• 32:14
  these aren't stackers. OK, think about that.
• 32:18
  These aren't. This is not you.
• 32:20
  This is not me. This is not the basement
• 32:22
  dwellers that are rushing to sell their gold.
• 32:25
  These are people that, number one, are desperate for money.
• 32:28
  Pretty much what this article said.
• 32:30
  And #2, they're not stackers. I had another #2, but I forgot
• 32:38
  what it was. When it comes back to me, I'll
• 32:40
  remember, OK, it's jewelry. I'm sorry.
• 32:43
  These are people that are scrapping jewelry.
• 32:45
  That's number two. They're desperate for money and
• 32:48
  they're scrapping jewelry. OK, this guy says here Brandon
• 32:53
  Sabino, a 30 year old IT specialist who sold a gold
• 32:57
  necklace and a gold ring last week.
• 33:00
  He said quote probably broke up with his girlfriend or
• 33:02
  something, but none the less he said, quote, prices are high and
• 33:05
  I need cash, he said, adding that with the cost of rent,
• 33:09
  groceries and car insurance rising, he doesn't have any
• 33:13
  savings. OK, mic drop, so Bloomberg puts
• 33:17
  out, but I won't say it's an article bashing gold, but oh,
• 33:19
  everybody's selling their gold, everybody's selling their gold.
• 33:22
  No. Why don't they put on an article
• 33:24
  that says, thanks to Bidenomics, desperate Americans are cashing
• 33:29
  in their scrap gold jewelry just to pay their rent just to be
• 33:33
  able to go to Starbucks or just to be able to buy, buy some
• 33:37
  food. That's the reality of what we're
• 33:39
  saying seeing here. They do go on to say here,
• 33:41
  investors typically seek safety and gold for fear of political,
• 33:45
  economic and financial crisis, escalating tensions in the
• 33:49
  Middle East, a war in Ukraine, in an upcoming US election.
• 33:52
  Boy, we. Yeah, no, thanks a lot.
• 33:55
  See, it's not just me that's doom and gloom are now
• 33:57
  underlining its traditional role as a haven asset once again.
• 34:03
  Hey guys, let's run out real quick.
• 34:05
  It's been crazy this morning in the gold and silver market.
• 34:09
  I'm afraid to look silver. Hey, Silver.
• 34:14
  Hold on. Basement dweller 750.
• 34:16
  Thank you for being here. Please give this a thumbs up.
• 34:19
  That really helps. The channel helps the algorithm.
• 34:21
  Subscribing is free if you're a new new right.
• 34:24
  We call each other basement dwellers for fun when we're
• 34:27
  here. You don't have to call yourself
• 34:29
  a basement dweller, but you're always.
• 34:32
  I got to ring the cowbell. OK, I'm going to do that.
• 34:34
  One second. But guys, breaking news
• 34:37
  breaking. Good news for silver investors.
• 34:41
  I'm checking right now and the spot price of silver is up 70
• 34:46
  cents 2 1/2 percent $28.55. I'm telling you, silver is if we
• 34:57
  can stay above $28.00 on so many levels, that's a good thing.
• 35:01
  I'm gonna talk about that. But let's ring the cowbell
• 35:03
  first. 750 basement dwellers. This is for you.
• 35:08
  We got 200 thumbs up. I'm going to ring it away from
• 35:11
  the microphone. All right, guys.
• 35:21
  Hey, isn't John Little just the best?
• 35:23
  I'm telling you, this guy and this silverwars.org website, I
• 35:28
  believe you know he, he was very diplomatic on how he described
• 35:33
  it, but what they're going to bring out are some really ground
• 35:37
  breaking stories about silver. There's always been questions
• 35:41
  about the data that we got from the silver markets in the past,
• 35:44
  like John said, right? Do your own due diligence.
• 35:47
  Read what he says. Read what all the different
• 35:50
  sources say. Come up with your own thesis as
• 35:53
  to what it looks like for the silver and gold market.
• 35:56
  But to me, things are looking very, very optimistic.
• 36:01
  All right, I hope I'm wrong. I needed to say I'm sorry
• 36:05
  because last night I preached to you guys that I thought this
• 36:08
  week we could see a difficult time in the silver and gold
• 36:11
  market. The markets were up this
• 36:13
  morning. Gold was back down.
• 36:15
  Let's take a look at gold. I'm sorry, I should have.
• 36:18
  I we need to look at gold. We know.
• 36:19
  Silver now up 67 cents $0.69. That's funny.
• 36:24
  It always changes, doesn't it? Gold up $5, right?
• 36:29
  2347 per oz. All right, let's go, Let's go
• 36:34
  talk about, let's talk about kind of the head stories here.
• 36:38
  This is interesting that CNBC is CNBC OK, is publishing this
• 36:46
  article prelude to World War Three world leaders react to
• 36:52
  Iran's air attack against Israel.
• 36:54
  We don't know how this is going to play out, right?
• 36:56
  Basically, Israel attacked Iran and then Iran obviously, you
• 37:02
  know the whole story. Saturday night launched 300
• 37:05
  drones or missiles and they were all shot down with the help of
• 37:09
  the United States, with the help of the United Kingdom, with the
• 37:12
  help of, I think, France as well.
• 37:14
  My question is this right? And I hate war.
• 37:17
  And I want to remind you that when we're talking about this, I
• 37:21
  we are not rooting for war. We're talking about human lives
• 37:24
  that are on the line here all over the world.
• 37:28
  But none the less we're not going to stick our head in the
• 37:31
  sand. We're going to see what's going
• 37:32
  on and what's going on is yeah. Now I ran a text back in the
• 37:36
  United States and the UK are all helping.
• 37:40
  I can't. I mean, for all intents and
• 37:43
  purposes, doesn't that mean that we're involved in a war with
• 37:48
  Iran? Is that why world leaders are
• 37:50
  saying World War Three? You know, gold and silver are
• 37:54
  the absolute? I don't care what anyone says,
• 37:58
  the absolute safe haven asset during times of massive
• 38:03
  geopolitical upheaval. Let's just read what.
• 38:08
  Let's just read what, you know, all this.
• 38:10
  There was an interesting comment from the president of.
• 38:18
  Yeah, Columbia, listen to this. All right, look, this is not
• 38:21
  political. I'm not agreeing, disagreeing.
• 38:24
  But look at what he said in South America.
• 38:26
  Colombia's President Gustavo Petro, called on the United
• 38:31
  Nations to, quote, meet urgently and, quote, immediately.
• 38:35
  Commit to peace. Quote, he said it was
• 38:38
  predictable. We we are now in the prelude of
• 38:42
  World War 3, precisely when humanity should rebuild its
• 38:47
  economy towards the rapid goal of decarbonization, he said.
• 38:53
  Quote the support of the US in practice for a genocide has
• 38:58
  ignited the world. These are strong words.
• 39:01
  I'm just telling you what he said.
• 39:03
  Everyone knows how wars start, that this is scary.
• 39:08
  Everyone knows how wars, wars start.
• 39:11
  No one knows how they end. And there he is there, OK, we
• 39:16
  got a different perspective from Argentina, Abiere Malay said.
• 39:21
  His office expressed its quote, solidarity and unwavering
• 39:24
  commitment to Israel after the attacks by Iran.
• 39:28
  The Republic of Argentina recognizes the right of state
• 39:31
  nations to defend themselves and strongly supports the state of
• 39:35
  Israel and the defense of its sovereignty, in particular
• 39:38
  against regimes that promote terror and seek the destruction
• 39:42
  of Western civilization. Wow.
• 39:45
  I mean, this is just Then we got the European leaders chiming in.
• 39:50
  Let's see here, I condemn in the strongest terms an unprecedented
• 39:53
  attack launched by Iran against Israel, which threatens to
• 39:58
  destabilize the region, French President Emmanuel Macron said
• 40:02
  on Sunday. He said that on X France is
• 40:06
  working on de escalation with his partners and calls for for
• 40:10
  restraint. There's all types of
• 40:11
  perspectives on what's going on over there.
• 40:15
  All that we do know is guys as as as individuals, you know, you
• 40:20
  want to protect yourself, you want to protect your family,
• 40:23
  absolutely right. All that we do know is that it
• 40:28
  is not a good situation and up to this point all that we have
• 40:32
  seen is escalation. And we don't want this to be
• 40:35
  going on, but we need to be aware of what is happening in
• 40:39
  the world while at the same time we have escalation in the
• 40:43
  situation in the Ukraine. We have a war in Europe and a
• 40:47
  war in the Middle East. Do you think it's smart to
• 40:51
  protect some of your assets with silver and gold?
• 40:54
  I think it is, no doubt about it.
• 40:57
  Let's go see what else is going on on CNBC real quickly, the top
• 41:01
  business news. Maybe we can get a good laugh
• 41:03
  here. There was something on here
• 41:05
  earlier that had me laughing. Oh, Tesla's laying off 10% of
• 41:11
  its workforce. That's the big headline news.
• 41:13
  Retail sales jumped by .7% in March, much higher than
• 41:18
  expected. Do we believe the data we get
• 41:21
  from our government? I'll leave that up to you to
• 41:25
  answer. Trump's stock is going down.
• 41:28
  There was something down here that I thought was super
• 41:31
  interesting, and it's probably gone now.
• 41:36
  Prelude to World War Three. We just saw that one.
• 41:39
  All right, guys, that's all I got for you today.
• 41:42
  I want to say thank you for being here.
• 41:44
  All 700 of you. How about the gong?
• 41:46
  Real quick. Oh, OK.
• 41:49
  We got 300 Thumbs up. I got to ring the gong.
• 41:51
  The golden gong. Here it comes.
• 41:53
  Susie. Thank you, Susie, for alerting
• 41:56
  me. The golden gong for 300.
• 41:58
  Thumbs up. I'm always fascinated how it
• 42:07
  continues to ring after I ring that darn thing.
• 42:10
  I plan on being back tomorrow, guys, it's going to be
• 42:13
  interesting to see. Let's just do a one more quick
• 42:15
  update. We still have gold up about $5.
• 42:19
  Come on, Silver Silver's up $0.69 per oz.
• 42:26
  Thank you to the Moderators for being here.
• 42:28
  Thank you to Susie. Thank you for being part of the
• 42:31
  basement. Let's get excited.
• 42:33
  We're going to get this new website up and launched
• 42:36
  officially this week. silverwars.org.
• 42:38
  Thanks to John Little for joining us.
• 42:40
  Most important, thank you for joining us.
• 42:43
  You are part of the basement crew, part of the basement
• 42:46
  dwellers, right? We hang out together.
• 42:48
  We love to talk about silver and gold and I'm going to look
• 42:51
  forward to seeing you next time.