Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / **ALERT!** 🦍🦍- SILVER & Gold Just had a MASSIVE Change... (Iran, COMEX, China & More News too!)

Transcript

**ALERT!** 🦍🦍- SILVER & Gold Just had a MASSIVE Change... (Iran, COMEX, China & More News too!) · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

0:01
Major breaking news this morning having a massive impact on the
0:05
price of gold and silver. Let's talk about what happened,
0:09
what is happening, and most importantly, what we can expect
0:14
to happen based on what we know right now.
0:17
There's a ton to cover, but first, let's go here and see
0:19
what happened this morning when the news broke of the US attacks
0:24
on Iran, war in the Middle East. The immediate reaction to
0:28
precious metals was quite interesting.
0:30
And then we're going to get an up-to-the-minute, up to the
0:33
date. Read on what's happening right
0:35
now. The Shanghai Ghost shared this
0:38
after the US military took action against Iran.
0:42
The Chinese Spot gold dark market quoted a a price of the
0:49
equivalent of $5560 per oz. So the immediate reaction to
0:55
this news was the gold shot up and silver as well.
0:59
We got a lot to cover about silver, the immediate reaction.
1:02
But guys, we're also going to talk about what's going on with
1:05
the COMEX and some other very interesting developments in the
1:08
silver market. But let's talk about this Iran
1:11
Middle East situation first. The next story will go to came
1:15
from Lucas Ikumi who said gold, the hedge against war and chaos
1:21
of the US Israel track attack on Iran LED investors to look for
1:25
safety packs. Gold was up 6%, briefly
1:29
surpassing its all time high. Now why is this important?
1:33
OK, because the actual physical, the LBMA and the COMEX, they
1:37
take the weekends off. But now we have Digital Token
1:41
Gold, which trades 24 hours a day, including PAX Gold and
1:45
XAUT, which we're going to look at live here in a minute.
1:49
But this is the actual price of gold over the weekend.
1:53
Why? Because it is tokenized gold,
1:55
but it's backed up 100% by real gold.
1:59
So we can look to these markets to get to the up to get the
2:02
up-to-the-minute price on gold and silver as well.
2:06
But it's a lot easier with gold. So we're going to focus on that
2:09
today. Don't worry.
2:10
We'll talk a lot about silver. But as you heard, immediately
2:15
after these the attacks were announced, the price of gold
2:19
skyrocketed higher. Now, XAUT, that's the tokenized
2:24
gold from Tether, the world's biggest digital asset company.
2:28
Now that gives us a great read as well.
2:30
And let's go out and see what the price of XAUT, how it's
2:34
reacted here in the last 12 hours, because it's an
2:37
interesting development as well. Hold on, Let me get you to the
2:44
right screen. Here we are, guys.
2:46
OK, so this is a product called Tether Gold.
2:50
You can see right here in the upper left corner.
2:54
It is the world's 31st largest cryptocurrency.
2:57
By the way, a digital gold. Remember Tether gold, they are
3:01
the the world's biggest buyer of gold outside of central banks.
3:06
And what we're looking at right here is a 24 hour chart.
3:11
This is what happened immediately after the attacks
3:14
were announced. OK, the price went all the way
3:18
up to $5450 per oz. Again, guys, this is digital,
3:24
digital token that is backed up 100% by real gold.
3:29
So we can look to this for a very accurate read of the gold
3:32
price. But as you see in the subsequent
3:36
hours, the price went down a little bit.
3:38
We'll talk about why in a second and most important, what to
3:41
expect here as we head into next week as as all of this unfolds.
3:46
So currently we're sitting right around $5300 per oz.
3:51
Now if we go back, OK, so right now we're at $5312 per oz.
3:57
If we go back about 24 hours ago, you can see we were
4:02
bouncing around, oh, 5250. So we're up about let's say $50
4:09
per oz in the gold price right now.
4:10
The gold price has pulled back a little bit, but more interesting
4:15
developments as all this unfolded.
4:18
The Thailand, this is was very interesting.
4:21
Thailand's Hua saying halts gold trading over US Iran war.
4:26
They temporarily suspended its online gold trading services
4:30
citing excessive price volatility following the US
4:34
Israeli strikes on Iran. Gold is going supernova tomorrow
4:39
night, isn't it? Question mark, We're going to
4:41
talk about that. OK.
4:43
So I think there's two ways to look at how this could unfold.
4:46
Now let's go to China because as we know, China, right, they are
4:53
the leader in precious metals now.
4:55
And I've got a one minute video we're going to watch from a CTA
4:59
in China. ACTA is a commodity trading
5:02
advisor. This is someone who works on the
5:05
commodity side of silver and gold.
5:07
He has some crazy interesting things to say about what's
5:10
happening in with the silver price right now in China.
5:14
There's a lot going on guys. Hey.
5:16
Oh, by the way, thank you for I forgot the most important part
5:19
you thank you for joining me down here in the basement.
5:23
Excuse me because I'm losing my so much going on losing my
5:27
voice, but you're the most important part Thank you.
5:30
Your time's valuable. Please subscribe to the channel.
5:33
It's free. Leave a comment in the comments
5:36
section. Super chat, super thanks are
5:38
never expected, always appreciated and, and thank you.
5:43
Thanks for being here. Thanks for being a basement
5:45
dweller, being part of this community.
5:47
Things are getting interesting now.
5:49
Let's go hear what our friend in China had to say about what is
5:53
happening right now. This comes from King Kong 9888,
5:57
one of the most respected sources of information about
6:01
what's happening in Asia with the metals.
6:04
He said. According to this China CTA,
6:07
China's Shenzhen should buy gold and silver markets.
6:11
Physical silver buyback price premium between small
6:15
distributors shot up almost $20.00 U.S. dollars per Troy oz
6:22
equivalent today, exclamation point $20 guys.
6:27
OK, so we were talking about gold, but that's what's
6:29
happening in China with silver. And remember China is the
6:33
physical silver market and physical is what is driving this
6:38
rally. This makes the China Shenzhen
6:40
Shuba. No, I don't think I am.
6:44
Thank you. Upstairs, Susie and her
6:47
batteries are going dead too. This makes the China Shenzhen
6:50
Shu buy physical silver buyback price north of 120 U.S. dollars
6:57
per Troy oz equivalent. Again guys in China, apparently
7:02
we're at $120.00 per oz silver. Also, most small Chinese silver
7:07
distributors are not selling their physical silver.
7:11
Think about that. What does that mean?
7:13
In fear of lack of supply, I promised you a video.
7:17
Here we go. Let's listen to our friend from
7:19
China on. Crazy crazy.
7:21
Today swear based Silver has gone absolutely wild after the
7:24
new year. This is the first time I've seen
7:26
Silver behave so crazily. During the day.
7:28
Silver's premium had already dropped significantly, and then
7:31
the lower it went, the fewer people were interested, the
7:34
fewer people inquired. It was quite pathetic.
7:36
I never would have imagined by afternoon, Silver just took off
7:39
like a rocket. It completely blew up.
7:40
It truly exploded. All at once, all the silver bar
7:46
dealers stopped shipping their goods just like that in an
7:48
instant. I started to panic a little bit
7:50
because I had placed orders for a lot of inventory.
7:53
I was really afraid some upstream supplier would go bust
7:56
and then I'd be completely ruined.
7:58
Truly. Fortunately, my friends started
8:00
frantically buying them up. What did they enter?
8:03
It's a shopping. Spree where prices.
8:05
Don't matter in just. 30 minutes.
8:08
It swept. Me away.
8:10
My. Heart this startling frenzy,
8:15
this snowball silver when it goes wild, is truly insane by
8:18
evening with many deliveries from regular silver investment
8:21
bar dealers. It dropped to over 25.
8:24
My goodness, you didn't mishear me at all.
8:27
Just tell me, how much are you planning to sell it for?
8:29
I honestly can't make any sense of what's going on here.
8:32
Oh, and there's also gold. Right.
8:36
Oh, they say a single bomb brings a fortune, and I think
8:38
that phrase couldn't be more fitting right now.
8:41
So how much do you all think silver's premium will rise to
8:44
per gram tomorrow? Let me know in the comments
8:46
section. OK, guys.
8:48
So obviously, I think what we are experiencing right now in
8:53
the silver market and the gold market is totally unprecedented.
8:57
He's saying that as well. That is news from the ground in
9:01
China. We're going to go to Singapore a
9:03
little bit later, but we are in absolute unprecedented times.
9:08
We're going to wrap up soon on the the war coverage of what's
9:11
going on and then focus a little more on silver.
9:13
But I do want to say thank you to our channel sponsor first
9:16
meant OK, they are the Silvi the they're the only meant I know
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of. Well, maybe there's a few
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others, but nonetheless that are totally totally focused on
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They get their silver from the company that owns them First
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I mean it's just, I mean world class products from the mine to
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10:03
I'll show you their website. Here it is.
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First mint.com. You can go around.
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There's their store with all their different products.
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That's their new year of the horse round.
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Thank you, First Mint for sponsoring Ron's basement.
10:15
So war, What happens when war breaks out after war?
10:19
This is very interesting, telling us what we can expect.
10:24
Here we are, right here from the Randy the Rand group.
10:30
I'm sorry. Every war zone in this chart
10:33
turns into a gold rally. Every single one.
10:37
I'm going to read this to you, OK?
10:40
Every major military conflict since 1970 has coincided with a
10:45
significant move in gold prices. Gold surged up 1600% during the
10:50
Vietnam Cold War era, up 490% during the War on Terror and
10:56
Iraq War, and is currently up almost 193%.
11:00
But do you see we still have a ways to go since the Russia
11:04
Ukraine war began. Today, gold sets at 5200 an
11:08
ounce. War drives fear.
11:10
Fear drives gold, OK. And again, when we look at that,
11:14
like compared to other, we don't like war.
11:16
I want to say that I'm not a fan of war.
11:18
I don't want war to make precious metals go up in price.
11:22
But we don't set the rules, We don't make the decisions.
11:25
We can just deal with what's happening in the world.
11:28
And the reality is, guys, that times of war bring good things
11:35
for the price of precious metals.
11:38
But the other major, there's so much going on.
11:40
The other made. This is a major, major story
11:43
that will affect commodities markets, the world economy.
11:46
Iran has actually officially said that they are going to shut
11:50
down the Straits of Hormuz. OK, this came from Glenn Deason
11:56
and he shared with us, and this is all over the place.
11:59
The Strait of Hormuz is now being shut down by Iran.
12:02
The global economy will face a shock.
12:05
The reason why that's so, let me go back to the chart.
12:08
Hold on one second. The reason why that's so
12:10
important is, in case you don't know, this here's Iran, right?
12:15
But as you can see, you got Iraq, Kuwait, OK, all the major
12:21
Bahrain, Qatar, the United Arab Emirates, everybody.
12:24
Saudi Arabia is well, you can see Saudi and trust me, it says
12:29
Arabia below it. All the world's oil.
12:32
Hold on here, OK? Comes through the Persian Gulf
12:37
and goes down this way and through this little bitty place
12:41
called the Strait of Hormuz. If that's like the artery of the
12:46
world's energy supply, a lot of that oil goes to China.
12:50
A lot of that oil goes to the United States.
12:52
A lot of that oil goes to Europe.
12:54
If they shut this down, OK, it is a huge deal if they succeed
12:59
and in continuing to shut it down because apparently they've
13:02
shut it down, that's could put a chokehold on one of the major
13:07
arteries that supplies energy. That an energy is the economy.
13:11
Look, over the years I've you've always heard, you've probably
13:15
heard it as well, but if I ran or somebody shuts down the
13:17
Strait of Hormuz, that's like devastating for the world
13:21
economy. So that's a big, big, big, major
13:25
deal. The other and there's breaking
13:26
news everywhere. The other major breaking story
13:30
with what's happening with Iran, that there's a, there's a a
13:34
factor to this that that only a few people are picking up on
13:37
right now is that there's reports that the Ayatoa has been
13:41
killed. Let's go take a look at that.
13:43
That's just happening here in the last few hours.
13:47
I even saw the New York Times. It's all over the major news
13:50
channels. But zero head says right here
13:52
that Trump declares the Ayatollah is dead, vows bombing
13:56
to continue uninterrupted. And he's been like the leader of
14:00
Iran for 47 years, I believe it is.
14:05
And President Donald Trump has declared that he's dead.
14:09
OK Now, why is that a big deal? Well, because I've heard some
14:14
very smart people say that that that could change the dynamics
14:19
of what's going on in the Middle East, that this becomes that
14:23
this conflict, right? And look, I'm not a war, I'm not
14:26
a Middle East guru, but this does make sense that if the
14:29
Ayatollah is indeed dead and has been assassinated, that that
14:34
could put a, a slant on this, on this conflict that becomes more
14:40
religious in nature. So, man, I mean, I'm telling you
14:44
guys, there is so much going on right now and we are going to
14:49
talk about what I think we could be in for next week as well.
14:52
But let's go, let's focus back on silver and some big fun
14:55
developments on the silver market because woo Hoo, we got
14:58
records, we're breaking records everywhere.
15:01
Records, records, records. And what does that mean for the,
15:04
for the price of silver as we head through 2026?
15:08
Well, let's dig into it right now.
15:12
And I, I forgot to share that screen.
15:13
Darn it. Anyway, here's the Zero Hedge
15:15
article on your screen now. OK, now we're going to go to the
15:20
proper screen. I'm going to not forget one more
15:23
time. I, I apologize to everybody.
15:25
There's so much going on and this is happening all so
15:28
quickly. This comes from bar charts.
15:30
Silver is now traded green for 10 consecutive months, its
15:36
longest, longest winning streak in history. 10 straight months
15:41
we've had green candles in the silver chart.
15:44
OK, that guy's OK. This what this shows us.
15:48
Look at this. Well, you can see the blue box.
15:51
OK, 12345678910 I may not be Albert Eisenhower, but I can
15:59
count to 10. We've had ten months of green
16:03
green green candles, right? Remember here, right when silver
16:07
went all the way up to $120.00 per oz.
16:09
But during that month of January, right, we started with
16:14
the, the body of those candles are the opening price and the
16:18
closing price for the month. We still had a green month that
16:21
month. All right, in this month, again
16:23
in February, green month. Why is this a big deal?
16:26
Because that is solid strong momentum.
16:29
We're going to get a month with a red candle, no doubt about it.
16:32
But we continue. I mean, it went that something's
16:35
moving in One Direction. It's often hard to stop that
16:40
momentum. But wait, there's more because
16:42
next we can go to silver trade. Not only did we have 10
16:46
consecutive months, but silver set a record high monthly close.
16:51
OK, silver closes February green for 10, tenth consecutive month.
16:56
But at the same time, it was also a record high monthly
17:00
close. OK, which is another big deal.
17:03
So we had 10 consecutive months, but we also had the highest
17:06
monthly close ever in history. Next up, let's see here, gold,
17:14
gosh, everywhere we look, we got more records.
17:17
Gold also from silver trade sets all time record weekly and
17:23
monthly closing high gold closes at $5296 on soaring inflation
17:29
data. US Iran war fears, which which
17:32
now have become reality. Absolutely no one wants to be
17:35
short on gold going into the weekend, guys.
17:38
But we got records being broken in the gold in the gold gold
17:42
market. We've got records being broken
17:44
in the silver market. That alone is reason for
17:47
celebration, right? You know that old boy right
17:50
there, Smitty, the silver bear, he's happy.
17:53
But this is not just silver, not just gold, it's both of them,
17:57
the core precious metals of the world that are that are
18:00
exhibiting for us right now something critical, something
18:05
critical to continued growth in the price.
18:08
And that is strong momentum. There's a force of right behind
18:12
that. It's not just a chart, right?
18:14
Those charts are just numbers. But what they, what they
18:17
demonstrate is real is real energy that continues to move
18:22
forward for silver and gold. And my gosh, with everything
18:25
going on, it's going to be an interesting, interesting
18:29
development. Let's talk about the COMEX, if
18:31
we will, but we're going to go to look at the inventories that
18:36
I didn't realize this was shared by John Rich.
18:40
I'm like, who's John Rich? You want to know who John Rich
18:42
is? Well, John Rich, we do like his
18:45
last name has 1.5 million. Uh oh, hold on here.
18:52
I'm not sharing the screen now. You can see it.
18:54
OK, and boom, hold on here. What happened?
19:02
Are you guys there? Hopefully we're having some tech
19:05
issues. Hopefully you can see me and
19:07
hear me. OK.
19:08
I'm going to presume you can see me and hear me.
19:12
And thank you for being in the basement with me.
19:16
Hold on a second. Hold on, guys.
19:17
Hold on. What did you say?
19:19
Susie? John Rich.
19:22
Yep. John Rich.
19:22
OK, We we see him on the screen. Thank you. 1.5 million followers
19:28
registered silver at the COMEX is at an all time low today.
19:34
If the current rate of depletion keeps up, the COMEX will run out
19:37
of physical silver in the coming weeks.
19:40
There's two reasons why this is important.
19:42
Silver will be unobtainium at that point.
19:45
Hardly anyone is talking about this.
19:48
OK, number one very important thing.
19:50
What he's saying is true, right? Look, we talked about the fact
19:54
that the COMEX kicks the the can down the road, kicks the can
19:58
down the road. They have to shut the market
20:00
down to make things work, all that.
20:02
But but we do have bottom line, a serious depletion level in the
20:07
registered inventory, which is the real silver that's in the
20:11
Comex. The other thing is this guy has
20:14
1.5 million followers. I've been in the silver world
20:17
for for years, for decades. I've never heard of him before.
20:22
More people are waking up to Silver, and he even says that
20:26
hardly anyone is talking about this, so the Comex situation is
20:31
precarious. But wait, there's more, because
20:35
now we're going to go and see what's happening.
20:39
This is crazy. I don't know that this is China,
20:42
and I didn't realize things were this critical in China, he says.
20:45
COMEX and the Shanghai Future Exchange to default on, on.
20:49
Wait a minute, COMEX and the Shanghai Futures Exchange to
20:53
default on silver in the same week.
20:57
Shanghai Silver vault bleeding out as 40 metric tons were
21:02
withdrawn overnight. Guys, wait till you hear this.
21:05
The Shanghai Future Exchange inventory plunges below 10
21:10
million oz. That is not a lot of silver.
21:15
You may have a stack in your basement equal to that.
21:18
Silver closes at $104.00. We knew that on the Shanghai
21:21
Futures Exchange. Total Shanghai Futures Exchange
21:25
silver inventory drops 40 tons to 9000.
21:29
I'm going to show you 9 million oz.
21:32
All right, look at this, guys. Look at this.
21:34
Let's get the markers out. Yes, of course, this is the
21:38
Shanghai, a gold exchange in the Shanghai Futures Exchange.
21:43
Remember, right, that's the physical market.
21:45
We're at 101 on in China on Friday.
21:48
That's silver and that's their spot price.
21:51
The Shanghai Gold Exchange, that's their physical market,
21:55
OK. On the Shanghai Futures
21:57
Exchange, we, we traded at $104.00, but that's not what we
22:01
want to look at. If we go down here to their
22:04
vaults, This is the Shanghai Futures Exchange silver vault
22:09
right here. I'll circle it even for you.
22:11
OK, And if we go here, we see 306,000 kilograms, OK, And of
22:19
course, it dropped 40,000 kilograms like he said, but this
22:23
is the number we are focusing on.
22:25
That's a horrible arrow. Hold on a second.
22:28
All right, here, let's draw that arrow again.
22:30
This is the number that we are focusing on.
22:34
There's about let's for, for there's about 30 ounces in each
22:38
kilogram, OK, There's 306,000 kilograms.
22:43
You multiply 306,000 by 30 oz per kilogram, you get the 9
22:49
million. There's only under 10 million
22:52
ounces of silver in the entire Shanghai Futures Exchange.
22:57
We thought the COMEX was in bad shape.
23:00
OK, They've only got got 10 million ounces of silver in
23:05
China in their futures exchange. Things are absolutely getting
23:10
critical, absolutely critical all over the world.
23:14
And we do. Do we have evidence, further
23:16
evidence of this from China? Because wait until you hear this
23:19
about what's happening again on the streets in China with silver
23:24
here, OK? This came from just Dario.
23:30
Who says this? Sorry, I didn't have time to
23:32
highlight everything, but I'll highlight it now.
23:34
Here, we'll pick a color together.
23:36
What do you say we pick silver Gray?
23:39
There we go. Fun fact from Dario today, the
23:43
largest precious metals recycling company in SZ China is
23:50
offering about $105 per oz to buy Back Point a 999.99% silver
23:58
pure silver. They're offering buyback of
24:02
$105.00. Do you realize what that means,
24:05
guys? That's crazy.
24:07
That's the buyback price from a recycler in China.
24:12
That's like the lowest price, OK.
24:14
That's like if you go to trade in your car, they're going to
24:17
give you the lowest price. That's like if you go to trade
24:20
in your silver in a coin shop, they're going to give you That's
24:23
like, that would be like you being able to go to your local
24:26
coin shop, right, and trade in your silver for $105 per oz.
24:32
That's the lowest of all the prices for silver.
24:36
Does it make sense what we heard earlier about the Shoebay silver
24:40
market at $120.00 pounds? Now, look, all of this is moving
24:45
very quickly, but this is actually very almost
24:48
unbelievable news that's going on.
24:51
And let's go back to the Comex, You know, the Comex, you know,
24:55
let's review quickly. The COMEX is part of the Nymex
25:00
that's owned by the CME Group. They're that wonderful
25:03
organization here in the United States of America that sets the
25:07
paper make believe price of silver.
25:09
We know in China you can trade in your physical silver for
25:13
$105.00 an ounce. But in the United States, if you
25:16
want to play with silver, make believe silver, the official
25:20
price, right, is typically $10 per oz lower.
25:25
That's our COMEX. We're going to get to them next.
25:27
I do want to say thank you to Mining Gold for sponsoring Ron's
25:30
basement. There is a gold development
25:32
stage company with two huge development projects in Canada,
25:37
Spring polling, Ontario, Duparque, located in Quebec.
25:40
I'm not a stockbroker, I'm not a financial advisor, but in Full
25:44
disclosure, it's a stock I've owned for years and years and
25:47
years. Long before they sponsored my
25:49
channel. They got big deposits of gold in
25:52
the ground in Canada and that's becoming more and more scarce.
25:57
Big full time million ounce gold deposits in good jurisdictions.
26:02
You can learn more about them at firstmininggold.com.
26:05
Always do your own research. Stocks, any investing are are
26:09
risky. I didn't tell you that at the
26:11
beginning. I'm not a financial advisor, but
26:14
you know, I do like to share what I believe down here in the
26:17
basement. Let's go check out the COMEX and
26:20
see what's going on there. This was a good one.
26:23
This one really set me off and I think it's going to set you off
26:26
as well. COMEX blackout fraud in plain
26:33
sight. When contracts stood for
26:36
physical delivery, the Comex pulled the plug.
26:40
What was it last week? Oh yeah, a technical glitch,
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which they've never really, as far as I know, given us any We,
26:46
we deserve an explanation, but that's beside the point.
26:50
This 90 minute glitch was a coordinated effort to protect
26:55
shorts by canceling all buy orders.
26:58
Remember they cancelled all orders from the day from
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Wednesday when this happened. They just wiped them out.
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OK if it was a if it was a day order or a good to a certain
27:08
date order with Wednesday as the date they just wiped them out.
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A massive red flag for any real investor.
27:17
Who is the Comex? This is interesting, I didn't
27:20
realize this. Who is the Comex protecting its
27:24
owners? Did you know this?
27:26
Vanguard owns 9.9%, BlackRock owns 8.6%, State St. owns 4.5%,
27:34
and JP Morgan owns 2.6% according to I'm Wall Street
27:40
Bulls Now this is where this is what set me off.
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They own the exchange and the paper silver.
27:47
When the physical runs out, they just turn off the machine.
27:51
April first can't come soon enough.
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I mean, think about it guys, it's true, right?
27:57
Things get hairy in the paper make believe comex market and
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what do they do? They just turn the machine off,
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right? Don't forget on Black Friday,
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the day after Thanksgiving last year, remember right, they
28:09
overheated right? Their servers up in Chicago when
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it was like 0° outside with 12 inches of snow on the ground.
28:17
Somehow somebody needs to send them a telegram and say hey, you
28:22
know what? If your servers are overheating
28:25
and it's 0° outside, just open a window or get a fan and blow
28:31
some cold air in. Anyway, what was it this week?
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A glitch? I'll tell you what the glitch.
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I actually I think I know what happened that caused I think
28:41
look, this is this is a a a basement dweller exclusive.
28:45
We know what happened that caused the comex to have to shut
28:49
down on Wednesday. They were invaded by a herd, a
28:53
herd of not Buffalo like we thought earlier, but now the
28:56
latest news that we're getting the server farm was invaded by a
29:01
herd of bulls, a herd of silver bulls.
29:04
Man, it is absolutely crazy out there what is happening right
29:09
now. Hey guys, don't forget if you're
29:11
looking for a fun way to store maybe some something like silver
29:16
or gold, check out Dirty Man Safe, OK?
29:19
And there's a discount code Ron 10 that you can use.
29:23
These are safes that you bury in the ground.
29:27
And that's been proven to be an effective way to store valuable
29:31
items for decades. Where are all the big vaults
29:33
built underground, right? Where did the pirates hide their
29:37
booty, their treasure? Right.
29:39
And it's been safe for hundreds and thousands of years in the
29:41
ground. OK, You can do the same thing.
29:44
Safe from fire, flood, natural disaster.
29:47
Maybe you keep stuff at a safety deposit box.
29:50
None of my business, maybe you keep stuff in a fireproof safe.
29:55
None of my business, but in the ground has been proven to be one
29:59
of the most effective ways to think keep anything safe.
30:02
What you keep where you keep it. None of my business, but check
30:05
out Dirty Man safe and don't forget they've got a discount
30:07
code Ron 10. Hey guys, thanks for joining me
30:10
today. I'll keep you posted on what
30:12
happens. Look, this week, this is the
30:14
warning, warning, warning, OK? Warning.
30:18
Be prepared for anything. There's a lot of excitement
30:22
right now in the gold and silver sector.
30:25
People saying, oh, silver Sunday night, silver's going to open
30:29
$15.00 an ounce higher. Gold's going to open this, blah,
30:33
blah, blah. Trust me, OK?
30:35
Keep the long term perspective on the fundamentals, the reasons
30:40
why we hold silver and gold. Keep those in mind and please be
30:45
prepared. I'm going to give you some bad
30:47
news, OK? Look, there's a chance that a
30:49
week from now I could be sitting down here talking to you and we
30:53
could have a lower silver price. That's the reality, OK?
30:58
A lot of times the ways these the way these things work out,
31:02
counterintuitive what everybody expects to happen, then the
31:06
opposite. I don't want that to happen.
31:08
I'm not rooting for that to happen.
31:10
But there there's a, there's a fair chance that that could
31:13
happen. You got to keep the long term
31:16
fundamental reasons, right, The conviction that you had to buy
31:20
silver and gold or the mining stocks for that matter, right in
31:24
mind. As we move through, we are, we
31:26
are going to, we are going through an absolute crazy time
31:30
right now in the world in general, in the world economy in
31:34
general, but also with silver and gold.
31:36
So look, we can deal. We'll do it together.
31:38
We're the basement dwellers. We'll navigate these choppy
31:41
waters that are ahead for us. And it could be very exciting.
31:45
I mean, it's going to be exciting tomorrow night to watch
31:48
the markets open up, but I'll stay on top of it with you.
31:52
Let's let's stick together. Take care of yourself.
31:54
Thanks for joining me. Uh oh, hold on.
31:57
Thanks for joining me. I'm back down here in the
32:00
basement. OK.
32:01
Be good to yourself. That will give you a platform
32:04
from which you can be good to other people.
32:07
All right, take care and I'll see you.
32:09
And yes, I do see you. Right.
32:11
You're important. Thank you, basement dweller.
32:14
I'll see you soon.