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⚡GOLD and Silver Investors⚡YOU Best be Ready for THIS! - (plus WHEN to SELL) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  Silver and gold investors, can you feel it?
• 0:04
  There's like a sense of doom, negative sentiment in the
• 0:08
  precious metal sector right now and the precious metal mining
• 0:12
  stock sector. I'm here to tell you the real
• 0:15
  story is something completely different.
• 0:18
  We got a lot of great things, great news, fundamentally,
• 0:22
  technically on many levels that we can look to to be remain very
• 0:28
  excited about the future for gold and silver.
• 0:31
  We're going to cover all those in this video today.
• 0:33
  A whole broad range of reasons why even though it may feel
• 0:39
  really challenging and cruddy right now, the reality is
• 0:42
  something much, much different. And don't forget, sentiment runs
• 0:47
  in cycles. That's the general mood.
• 0:49
  And as it can be measured, I saw some measurements this morning
• 0:53
  that said we're not as low as we've been, but we're pretty
• 0:55
  darn close to being as low as we've been in a long while.
• 0:58
  The good news is sentiment itself goes in cycles up and
• 1:03
  down. I've been around this sector
• 1:05
  long enough to know, right? It goes from feeling like it's
• 1:09
  the end of the world, nobody ever wants to buy gold and
• 1:11
  silver or mining stocks again to kind of a mania type phase like
• 1:15
  we had back in January. Well, the good news is we're
• 1:19
  coming back up through a through from a through and we got a lot
• 1:22
  of good things to look forward to.
• 1:24
  Let's start with Peter Schiff, because gold is reclaiming,
• 1:29
  right? Not gaining, reclaiming.
• 1:32
  Its position is the world's reserve currency.
• 1:36
  We got a little clip from our friend Peter Schiff.
• 1:39
  Let's listen to what he has to say.
• 1:42
  And the world is now pulling the rug out from under the US.
• 1:46
  The dollar is going to collapse. The dollar is going to be
• 1:48
  replaced by gold. Central banks are buying gold.
• 1:51
  They. Are to back up their.
• 1:52
  Currencies, they're getting rid of.
• 1:53
  Dollars, they're getting rid of Treasuries.
• 1:55
  We are headed for a economic crisis again that will make the
• 1:59
  2008 financial crisis look like a Sunday school picnic.
• 2:03
  The biggest difference between the crisis that we're about to
• 2:06
  have and the one we had back then is this one is all in
• 2:09
  America. It's not going to be exported to
• 2:11
  the rest of the world. It's not.
• 2:12
  It's a global financial crisis. It's an American financial
• 2:15
  crisis. Wow.
• 2:16
  So there you have it. You know what?
• 2:18
  He brings up a great point that we probably don't refer to as
• 2:24
  often as we could here on the channel.
• 2:26
  And that is, yeah, the 2008, that's almost been 20 years ago,
• 2:30
  the GFC, the 2008 financial crisis, yeah, it was really,
• 2:34
  really bad. But all they did was kick the
• 2:37
  can down the road. So now, right, as you know, as
• 2:40
  we've discussed ad nauseam, both fiscally, monetarily, even
• 2:44
  geopolitically, we're in a much different situation now.
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  The, the, the, the factors that contributed to the great
• 2:52
  financial crisis have become much more exaggerated.
• 2:56
  What we could be in for could be even more.
• 2:58
  Now it's not just the big central banks buying gold, like
• 3:01
  you said, it's the big thanks. Let's do a quick review of some
• 3:06
  good news from the big banks, what they're telling us about
• 3:10
  gold. Here's the most recent end of
• 3:13
  year price targets by bank. JP Morgan $6300, Wells Fargo
• 3:21
  6300 dollars Bank of America 6000, UBS as high as 7200.
• 3:27
  Goldman Sachs comes in on the low end, but we'll cut them a
• 3:31
  little slack. 5400 and Morgan Stanley is calling for $4800.
• 3:38
  Now when we look at silver, this is a great chart, OK, This shows
• 3:44
  how silver has performed as of yesterday, May 4th.
• 3:48
  On a one year basis, silver up 127%, gold up 37%, the S&P 5000
• 3:58
  up 30%. Look how much silver has
• 4:01
  outperformed these other assets, the Dow 20% and Bitcoin down by
• 4:07
  16%. So that begs the question, I
• 4:11
  love this and I think you will too.
• 4:15
  Before we do that, I do want to say thank you to channel sponsor
• 4:18
  First Mint. If you want to get your hands on
• 4:20
  some of that silver, if you're a believer in silver, check out
• 4:24
  First Mint. They've got a great selection,
• 4:26
  great prices, great customer service.
• 4:29
  Everything about what they're doing is first class.
• 4:32
  Truly a premium retail silver buying experience.
• 4:38
  Here's their website. You can check them out at First
• 4:40
  mint.com. There's their Hail to the Chief
• 4:43
  coin. Yep.
• 4:44
  And they still have $2 off on all silver rounds right now.
• 4:49
  And Please note that the prices that you see on their website
• 4:52
  already include the discount. And they do engraving on bars,
• 4:57
  which is really cool as well. Let me show you this.
• 5:01
  This is the five ounce bar from First Mint upstairs.
• 5:04
  Susie, it's like her absolute favorite.
• 5:07
  She loves this thing. So again, you can go to
• 5:09
  firstment.com. Don't forget there is a discount
• 5:12
  code VIPRB, very important person, Ron's basement, you'll
• 5:16
  get a little discount there as well.
• 5:18
  So here's the question. This is great if you were
• 5:28
  bullish on gold and silver on January 29th, right when silver
• 5:35
  hit $120.00 per oz, but now you're bearish on PMS. I have
• 5:41
  one question for you. Have the fundamentals improved
• 5:44
  for the US government debt in U.S. dollar global reserve
• 5:48
  status since January 30th? If the honest answer is no, then
• 5:53
  you were never a gold or silver bull.
• 5:55
  You were just a momentum bull. And what he's bringing up is a
• 6:00
  powerful point. Those factors that were in place
• 6:03
  that drove gold and silver to those high levels in on January
• 6:06
  29th, all of those factors are still in place and the argument
• 6:11
  can be made a few of them have been made even more, a little
• 6:15
  more bullish for the gold and silver sector.
• 6:19
  Again, I want to mention I was looking at statistics this
• 6:23
  morning, the sentiment in the precious metal sector, the
• 6:26
  precious metal mining stock sector is back toward like
• 6:30
  pretty super low levels guys. That alone is that sentiment.
• 6:35
  Sentiment goes in waves. As that changes, that will be a
• 6:39
  big supportive factor for the gold and silver price.
• 6:44
  Here we go. Here a great chart from
• 6:46
  goldpredictors.com. This is the gold channel that we
• 6:50
  are in. We are still in the the upward
• 6:54
  sloping channel that goes back what all the way to March of
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  2024. This is 2 years.
• 7:04
  So the gold price is also right now experiencing very, very
• 7:10
  solid, let's say technical, Technical Support as we go
• 7:15
  forward. Now let's go out here to, I
• 7:18
  think this one is from Michael Oliver.
• 7:21
  Silver price as a, this is a different way to look at the
• 7:24
  silver price. The silver price as a percentage
• 7:28
  of the gold price, the silver to gold ratio right now we are at
• 7:34
  1.6%. Again, people are calling for a
• 7:38
  slingshot move, right? Gold doesn't even have to go up.
• 7:42
  But if we got back to the where we were in 2011, the silver
• 7:47
  price would almost would be double where it is right now at
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  its peak. OK, the silver price as a
• 7:55
  percentage of the gold price was as high as 6.5% in 1980.
• 8:01
  That would be an almost 4X in the silver price.
• 8:07
  So that's what what people are referring to when they're when
• 8:11
  they're talking about a slingshot move in the silver
• 8:15
  price relative to gold. Next up, we are going to look at
• 8:20
  the explosive demand from robotics.
• 8:25
  OK guys, this is something super cool that nobody is really
• 8:30
  paying much attention to at this point when it comes to silver.
• 8:35
  We talk about all these other sources of demand and don't you
• 8:38
  worry, we're going to run through those as well.
• 8:40
  But robotics is just getting started.
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  The estimates on the number of robots that are going to be
• 8:46
  produced in the coming 10 to 20 years are absolutely mind
• 8:51
  numbing here. Let's go.
• 8:52
  Let's go look at the numbers first, then we'll come back to
• 8:55
  this chart. This comes from King Kong 9888
• 9:01
  Eric Young, who says total silver needed for 1 billion
• 9:05
  humanoid robots and an average of 15 grams.
• 9:09
  That's what they're estimating. Each one of these robots will
• 9:12
  have 15 grams, about 1/2 ounce of silver per robot.
• 9:16
  This equates to roughly 482,000,000 Troy ounces of
• 9:21
  silver permanently embedded, comparable to multiple years of
• 9:26
  global mine production in major new structural demand driver.
• 9:32
  OK, this comes from a report from Morgan Stanley and here is
• 9:36
  the chart. Now this chart starts, OK,
• 9:40
  starts in 2025 where you can see the orange bar is silver demand.
• 9:48
  OK. So we almost have zero demand in
• 9:51
  2025, even 5 years from now, four years from now, not a lot.
• 9:56
  But as you can see, as we move out to 203520402045 and 2050,
• 10:03
  it's anticipated that we are going to have massive levels of
• 10:07
  new demand for silver from robotics.
• 10:11
  And again, that's we don't even hear about that.
• 10:14
  It's kind of like jewelry, right?
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  Think about it. It's from a big picture demand
• 10:18
  perspective for silver solar. We saw charts yesterday, off the
• 10:23
  charts, pardon the pun, electric vehicles, solid-state batteries
• 10:27
  projected to, to to demand significant more amounts of
• 10:32
  silver, AI energy jewelry, which is the big wild card and then of
• 10:39
  course, tokenization of silver. And of course, investor demand,
• 10:45
  right? Investors going from selling
• 10:47
  silver to just actually not selling silver and God forbid
• 10:51
  buying silver in the United States.
• 10:54
  These are all massive potential future demand sources for
• 10:58
  silver, which probably explains why our next little clip why he
• 11:06
  says how long you should how, how you should approach your
• 11:11
  silver investment in terms of how long you should hold, when
• 11:17
  you should sell. This is Bert Dolman,
• 11:23
  professional trader. Guy's been around a long time.
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  Everybody listens to him. Listen to what he's on Kitco.
• 11:30
  Listen to what he has to say about silver and he talks about,
• 11:34
  let me preface this, what he's talking about is if we have a
• 11:37
  big market correction which I believe he is predicting that we
• 11:41
  will likely have a brief sell off in gold and silver.
• 11:46
  But how to approach that? And how to approach the next 5
• 11:49
  to 10 years with silver? And so the precious metals will
• 11:53
  have a decline, but always bottoms out much earlier than
• 11:58
  the general stock market. And as soon as the big investors
• 12:02
  decide they want to get in again, they will buy it.
• 12:05
  And then you'll see gold and silver, they're going to fly Sky
• 12:07
  Eye. But the first you're going to
• 12:09
  have that decline and that's going to discourage a lot of
• 12:11
  people. And so that's why you have to
• 12:14
  make up your mind right now and write it down what your decision
• 12:17
  is that you will not sell for the next 5 years, OK?
• 12:21
  That is so important because people that they think they're
• 12:24
  long term investors, suddenly they become, there's a market,
• 12:27
  they kind of become short term investors and they become
• 12:29
  traders. They say, Oh no, I wouldn't
• 12:31
  trade this market. And that that does wrong.
• 12:34
  You know, Jesse Livermore, he was the greatest trader in
• 12:36
  1920s, made lots of money short term trading on the floor of the
• 12:39
  exchange, OK. But he said in 1935 after the
• 12:43
  crash and saw it, he said the big money is made by sitting,
• 12:47
  not by training. That's that's a very important
• 12:50
  statement for. Very important statement from
• 12:53
  Jesse Livermore. Oh, hold on here guys.
• 13:15
  OK, very important, very important piece of advice from
• 13:20
  Jesse Livermore. The real money is made by
• 13:23
  holding. OK, the book, Jesse Livermore,
• 13:26
  I've got it right over here. Revelations of a stock operator,
• 13:29
  like the classic trading book of all time.
• 13:31
  What he said, what Bert said is hold your silver for five years.
• 13:36
  He said write it down. We talk about that all the time.
• 13:40
  Please, if you know, I don't give financial advice, I'm not a
• 13:43
  financial advisor, but I will give two pieces of advice.
• 13:46
  Number one, always be responsible.
• 13:49
  Don't expose yourself to too much risk and #2 always try to
• 13:55
  try to strip out emotions from any trading or financial
• 13:59
  decision that you're making. OK?
• 14:01
  Now Next up the big story, it's big headline news right now is
• 14:06
  our, our interest rates on the US Treasury bonds.
• 14:09
  Let's look at what's going on. This is what everybody's talking
• 14:13
  about. This is the 30 year Treasury
• 14:16
  today. It's it, it blipped above 5%
• 14:19
  recently. We're still right up at 5%.
• 14:22
  This is causing a lot of drama, a lot of big, you know, a lot of
• 14:26
  big financial pundits are saying, Oh my gosh, Oh my gosh.
• 14:30
  Here's an article from Yahoo Finance.
• 14:33
  The long bond is back in Wall Street's danger zone.
• 14:36
  OK. But I'm going to tell you why we
• 14:38
  as precious metals investors don't need to worry about it.
• 14:41
  But there's a couple paragraphs, OK?
• 14:43
  This talks about October 2023 was one of the last times that
• 14:48
  the 30 year yield rose above 5%. That's when investors priced and
• 14:54
  higher for longer FED policy. Heavy, heavier heavy treasury
• 14:59
  supply, weak auction demand in the S&P dropped about 6% before
• 15:03
  cooler inflation data in the Fed pivot helped yield.
• 15:07
  The fall helped up yields fall and stocks recover.
• 15:11
  I want to point out to you that at that point in October of
• 15:13
  2023, the gold price was $1800 per oz.
• 15:18
  This time is different. The move comes with more moving
• 15:21
  parts, higher oil prices, war risk, sticky inflation concerns,
• 15:26
  heavy Treasury supply in a Federal Reserve leadership
• 15:30
  transaction transition. Jerome Powell just shared his
• 15:33
  final Fed meeting. Wash is on deck and markets are
• 15:36
  again asking how much pain Washington is willing to
• 15:40
  tolerate in a long in long term rates.
• 15:43
  Here's why. It does not matter period #1
• 15:49
  inflation rules the day at this point.
• 15:53
  And what's even more interesting about what's happening right
• 15:56
  now, everybody knows that the Fed cannot tolerate these high
• 16:00
  interest rates, especially on the 30 year Treasury.
• 16:04
  They will monetize the debt, right?
• 16:06
  That's a fancy way of saying something very simple.
• 16:10
  What that means is the Fed will print money out of thin air and
• 16:14
  buy those long term treasury bonds.
• 16:17
  It's almost like buying something from yourself, right?
• 16:20
  Which doesn't make sense. But a lot about what the Fed
• 16:23
  does with monetary and fiscal policy doesn't make sense.
• 16:27
  They when they print money and buy those long term bonds that
• 16:31
  will create even more inflation. We are in a situation right now
• 16:37
  where inflation drives the boat. OK.
• 16:40
  And that boat happens to be called the USS Titanic, as many
• 16:45
  of us know. All right, But one more big hot
• 16:48
  topic that we've been covering on the channel is the
• 16:54
  tokenization of gold. And we've got another a guy who
• 16:58
  I know is like the smart people out there, people like Vince
• 17:01
  Lancey are covering it. But now we've got Marin Catoosa,
• 17:05
  who I saw last night put this out.
• 17:08
  OK, while you while you debated gold's top, Tether doubled down
• 17:13
  46 tons to 135 tons in the last three years of gold, 3 billion
• 17:20
  to 20 billion. A crypto company is now one of
• 17:23
  the largest private holders of physical gold on earth, and
• 17:28
  they're still buying. OK Marin Catoosa is one of the
• 17:32
  smartest minds out there in the gold and silver sector.
• 17:35
  He's a guy who looks around the corner, a guy who looks around
• 17:39
  the looks into the future and sees what's coming.
• 17:42
  Vince Lancey's also talking about a Tether and keeping a
• 17:46
  close eye on Tether. We are keeping a close eye on
• 17:49
  Tether. Why?
• 17:50
  Because they're tokenizing gold, but the tokenize gold or the
• 17:54
  tokenize silver for that matter, There's something very important
• 17:58
  that needs to happen 1st, and that is that these companies
• 18:02
  have to buy the physical metal. So you don't have to like crypto
• 18:07
  or like blockchain or agree with tokenization.
• 18:10
  Any of that doesn't matter. The fact is that these big
• 18:14
  companies that are looking to tokenize precious metals, the
• 18:17
  very first thing they got to do is buy the metal before they
• 18:23
  tokenize it. It's going to be, again, on top
• 18:26
  of robotics and everything else that we talked about, one of the
• 18:29
  major drivers of demand for metals as we go into the next 5
• 18:33
  to 10 years. Hey guys, thanks for joining us
• 18:36
  down here in the basement today. Please, if you haven't already,
• 18:39
  subscribe to the channel. It's always a big honor to have
• 18:42
  you down here. We are the basement dwellers.
• 18:44
  Take care. Have a great day and we'll see
• 18:47
  you soon.