Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / SILVER Price & GOLD in a RAPIDLY Slowing Economy -- (Fed Pivot, Recession, Israel)

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SILVER Price & GOLD in a RAPIDLY Slowing Economy -- (Fed Pivot, Recession, Israel) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

0:00
The price of gold and silver will absolutely skyrocket even
0:05
further than they did just Friday of last week when the
0:08
Federal Reserve officially pivots on their monetary policy.
0:13
What could be the spark to make that happen?
0:17
This huge rally that we're going to see in the silver price and
0:21
gold price? We're going to talk to the ex
0:24
CEO of Walmart and hear from him some incredibly scary news that
0:31
specifically relates to the health of the US economy.
0:35
Real news, guys, Not stuff from the Bureau of Labor in
0:39
Statistics. This is the real news from the
0:42
Street that tells us what is going on.
0:45
And it's critical we understand that as we develop our thesis
0:49
behind the fact that the Fed will indeed pivot and that we
0:51
will indeed see silver and gold prices like many of us cannot
0:57
imagine. But we're also going to listen
0:59
to the other end of the spectrum, a small entrepreneur
1:04
who shares a story of heartache, more startling news about what's
1:09
going on right now on the street in the US economy, from the
1:14
biggest retailer in the world to the smallest of small small
1:19
business owner, a guy who's probably more like you and me,
1:23
What is he telling us that's going on?
1:25
And how does this all fit together within the big broad
1:29
context that we have? Massive, massive geopolitical
1:34
turmoil in the world right now. What's that all gonna mean for
1:39
the silver price and gold price? Also, what about the general
1:42
markets? You may have some money invested
1:45
in the stock market. Hold on, Excuse me, I have my
1:51
mute button. Now that I'm back in the
1:52
basement, you may, you may have some money invested in the stock
1:57
market. Are we going to see a crash in
1:59
the stock market? I'm going to tell you about one
2:02
big reason why I think that is a possibility.
2:06
However, we'll also look at the other side of the coin and
2:09
what's going on with the Fed and how the Fed will likely react.
2:12
This is fascinating stuff, guys. We are living in a period of
2:16
change right now like no other, that we've been alive and I
2:21
don't. We don't want to be, we don't
2:22
want to be doom and gloomers, but we do want to be realist.
2:27
And that's what we're here to do.
2:28
Be real in the basement right now, please.
2:31
Give this a thumbs up. That would be really nice of
2:34
you. That'd be a nice thing, the way,
2:35
good way to start your Sunday morning.
2:37
Give this video a thumbs up. That helps you make a
2:41
difference, and it helps get the word out to more and more
2:45
people. OK.
2:46
It really works. And I appreciate you.
2:48
I appreciate you being here. Do you shop at Walmart?
2:52
I do from time to time. I'm not a big fan of Walmart.
2:55
Those big giant stores are a little, I don't know, maybe I'm
2:58
just a sensitive Sally, but they got them a little bit
3:00
overwhelmed when I go into like a giant Home Depot or a Lowe's
3:05
or a Walmart, per SE. But we have to recognize Walmart
3:09
is the largest retailer in the world.
3:12
We got some crazy news we're going to dig into and we're
3:15
going to talk about what it means from their ex CEO.
3:18
Let me read this to you. The almighty American consumer
3:23
who's spending drives the economy, is reaching a breaking
3:27
point and is on the verge of folding, according to former
3:32
Walmart CEO Bill Simon. He says the consumer in the
3:37
United States is on the verge of folding.
3:39
Collapsing however you want to say it, right, that's going to
3:42
make make the economy suffer horribly.
3:46
That's going to make our friend Jerome Power.
3:48
To the United States Federal Reserve pivot, right when the
3:52
economy really starts to crash, and are we in that phase right
3:56
now? Are we in the beginning?
3:58
Of the crash phase, we're going to find out, Let's read a little
4:01
more, Mr. Simon told CNBC in a recent interview.
4:06
That a series of factors political polarization, Would
4:11
you say that's the fact? Our politicians not only do not
4:17
only do we have a bunch of cruddy politicians, but on top
4:20
of it the double wing dinger zinger is they don't get along.
4:25
It's bad enough they're crooks. And incompetent.
4:29
Not all of them, but most of them.
4:31
It's bad enough, but the incompetent crooked politicians
4:36
can't even get along with each other.
4:38
They could probably fleece the American public even more if
4:41
they did get along with each other.
4:42
Anyway, I digress. There's a series of factors.
4:46
Political polarization. We discovered that inflation.
4:50
Oh, do you think? And high interest rates.
4:53
So those three things. Political polarization,
4:57
inflation and high interest rates.
4:59
Not important enough that you need to write that down.
5:01
But those three big factors were all working together to
5:05
undermine consumers and their propensity to spend.
5:11
I think another propensity is a pretty big word, their
5:14
likelihood to spend. Here's a quote that sort of pile
5:20
up wears on the consumer and makes them wary, Mr. Simon told
5:25
the outlet. For the first time in a long
5:28
time, there's a reason for the consumer to pause.
5:33
So the consumers are pausing consumer spending.
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This is, this is the critical key for you to understand
5:40
consumer spending is a major driver of the US economy.
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Accounting for roughly 2/3 of gross domestic product, consumer
5:51
spending accounts for 2 thirds, 66.6% of the US economy.
6:00
The consumer and what is he telling us?
6:03
What are the what? What's Target telling us?
6:05
What's Lowe's telling us? What are the casual dining
6:08
restaurants telling us? That things are slowing down,
6:11
guys. That's 2/3 of the US economy.
6:15
That's a majority. That's a big chunk.
6:17
That's that's a big deal. No matter how you want to slice
6:21
it or dice it, that is not a good sign for what's going on
6:25
right now in the US economy. Mr. Simon, who now serves on the
6:29
board of directors for Darden Restaurants, they own every one
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of those casual dining, Olive Garden type places you see and
6:35
hands brains said that after a long period of cheap money cut
6:40
short by the Federal Reserve's rapid rate hikes in response to
6:45
soaring inflation, consumers are now beginning to buckle.
6:49
Are you buckling? Let me ask you, I'm buckling.
6:53
I'll be the first to admit I'm buckling.
6:55
You know, Susie and I, we used to go out for lunch once a week.
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Now it would drive her crazy 'cause I do work in the
7:02
evenings. It would drive her crazy that we
7:04
would go out to lunch. Even during the best of economic
7:06
times, I would always get irritated when she would order a
7:09
Diet Coke because I was like why spend $3 on a Diet Coke when you
7:13
could go buy 3 two liter bottles at the grocery store.
7:17
But she always wanted that Diet Coke.
7:19
You know, now instead of going out once a week and and she she
7:23
would get mad about that and I would too.
7:25
But finally, I just gave in and said get your damn darn diet
7:27
Cokes. Thank you, Daniel.
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You're welcome, my friend. Now.
7:31
We don't go out. Do you go out to eat?
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We don't go out to eat as much. I think about going out to
7:35
lunch, like the last time we went to lunch, I'll be honest
7:38
with you, I need to take Susie out to lunch.
7:39
But anyway, we went out to lunch.
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Like, I remember this new Mexican restaurant by our house,
7:44
by the mall. And it was not a fancy place.
7:48
And it was the food was decent, Good.
7:50
You know it's one of those Mexican places, right?
7:52
I like, I do like Mexican food. I eat a lot.
7:54
Of chips and salsa. Nonetheless, the bill.
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The total bill when we were done was like $32.
8:00
By the time I paid a tip, I'm like, this isn't worth $32, you
8:04
know, is the consumer buckling? Are people trading down with
8:10
food with goods? Are are people for going buying
8:14
a new set of underwear every year Because they're like, well,
8:16
my old underwear will last another, I don't know, all kinds
8:19
of stuff, yes. They are.
8:21
Is there a reason why we're seeing a big drop in shipper
8:25
shipping containers coming into the United States?
8:28
You know, later today? I'm going to a big family
8:30
reunion. I have a cousin, I got a cousin.
8:33
I'm in Missouri, we got, I got all kinds of cousins.
8:36
I got like 18,000 cousins and I'm going to see one of my
8:40
cousins and most of them are very successful.
8:43
One of them is an executive with a big worldwide shipping
8:45
company, I mean a high level executive.
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I'm going to grab him. I'm going to say you tell me
8:50
what you're seeing out there, OK, and I'll report that back to
8:54
you tomorrow because we know shipping volumes and now we know
8:56
the truckers. My heart goes out to the
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truckers. They're entrepreneurs.
9:00
A lot of them, they're hurting. Their volumes are down.
9:04
The rates they're getting paid, right are they're getting,
9:06
they're getting the screws put to them.
9:08
I mean, all the real data says everything's slowing down.
9:11
Now we got the CEO of Walmart saying there's Walmart.
9:15
I know Coin Shop Chris loves going to Walmart, all right,
9:19
because they got the best prices on Ding Dongs.
9:22
Even the price of Ding Dongs are up anyway.
9:25
OK, here's another quote and we're almost done with this.
9:29
Then we're going to move on. Consumers had an incredible 10
9:33
or 12 year run, he told CNB CS Fast Money program.
9:38
Markets were buoyant, interest rates were low and money was
9:43
available. And guys, all of that is
9:46
changing right now. Thank you Mike, for the Super
9:49
chat, my friend. Super appreciated.
9:52
Always. Always.
9:53
Never. Expected, but a super nice treat
9:56
and I got to ring the. We got to 100 thumbs up.
10:02
Those are the church bells. I was going to say Ron's
10:05
basement Sunday morning church, but I'm not purporting that I'm
10:08
any type of church. Whatever religion you like to
10:11
practice is up to you. This is not a political or
10:13
religious show. But on Sunday morning, what the
10:16
heck, I'll call them the church. Anyway, when we get to 200
10:19
thumbs up, and I know you can do it, we're going to ring.
10:22
We're going to ring. We're going to ring.
10:24
We're going to ring. What are we going to ring at
10:25
200? I keep.
10:26
I'm having a mental block. What do I do at 200 thumbs up?
10:32
Oh God. Yeah, I was forgetting that when
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I was in Toronto as well. I'm going to ring the cowbell
10:39
53, man, I got a couple wires loose.
10:43
You ever get that feeling? A lot of you are around my age
10:45
anyway. But now here's the last
10:48
sentence. And I'm done with Walmart.
10:50
We're done talking about Walmart.
10:52
If you go to Walmart today, it might be because you were
10:54
subliminally programmed by watching Ron's basement this
10:58
morning. If you do go to Walmart, you're
11:00
likely going to spend less because now the music has
11:03
stopped and the party is grinding to a halt.
11:08
OK, this is from CNBC. The party is over, guys.
11:13
The easy money party. The Petro dollar, right?
11:17
The ability of the United States of America to borrow as much
11:21
money as they wanted from the rest of the world because they
11:25
were forced to use dollars for trade.
11:27
So everybody. Had a lot of dollars.
11:30
The party's. Over the party's over.
11:34
They printed. They printed into Infinity.
11:38
The hen has come home to roost. What does that mean for silver
11:42
and gold? We are sitting pretty, in my
11:45
opinion. Do not make any financial
11:47
decisions based upon anything that I say today.
11:50
But I believe that we are sitting pretty.
11:54
If you hold silver. If you hold gold.
11:56
If you hold precious metals mining stocks, they're a little
11:59
different, right, because they can be impacted by the general
12:02
markets. But none the less, in the long
12:05
run, I believe precious metal mining stock holders are sitting
12:08
pretty as well. Absolutely, absolutely.
12:13
No doubt about it, OK? Because the economy is grinding
12:19
to a halt. We don't like it.
12:21
We didn't 'cause it. We did nothing else.
12:23
It's just the reality of what's going on.
12:26
The system will not survive without the Federal Reserve and
12:30
Jerome. Powell, our old friend Jerome,
12:33
who is one day he's going to be a guest here in the basement.
12:36
Don't you worry. And you can say Ryan always said
12:38
we were going to get Jerome Powell in the basement.
12:40
He'll be here and he'll have a good time.
12:42
We'll be nice to him, but we're going to ask him some tough.
12:45
Questions, but he's going to be forced.
12:50
Excuse me? He's going to be forced to take
12:54
big action, right? Because he doesn't work for you.
12:57
Do you think he works for you? He doesn't work for me.
13:01
Sure. When he's testifying in front of
13:03
Congress, he's going to say we're looking out for the good
13:06
of the American people. And we are, you know, we want to
13:09
control prices and whoever, whether it's Jerome or any other
13:13
mouthpiece from the Federal Reserve.
13:15
They're full of it. He's not working for you.
13:18
He's not working for me. He's working for the big banks,
13:21
the BBS. That's who he works for.
13:24
The BMS. The BMS.
13:26
You know what ABM is. Do you Then don't have a dirty
13:30
mind? Now I'm going to get in trouble
13:32
because people are going to write comments and coin chop.
13:34
Chris and the moderators are going to have to have to monitor
13:38
the quotes. ABM is big money, dirty mind.
13:42
See, this is a clean show. I've told you that many times.
13:45
That's who Jerome works for. He works for the BMS.
13:49
Maybe there's a relationship there in those initials, but
13:51
anyway, and the BBS the big. Banks, right.
13:56
I repeat myself so much. Maybe it's better off that I use
13:59
initials. Susie always call me repeat.
14:01
Or Ron, you repeat. You repeat me anyway.
14:05
Oh, and I got a bone to pick with you too, because she said
14:08
something to me about what was going on in the comments about
14:11
my. Shirt anyway the BBS when the
14:14
when the BBS get in trouble, Jerome's going to pivot.
14:17
Gold and silver are going to skyrocket.
14:19
Are the BBS in trouble right now?
14:22
Yes they are. They hold bond portfolios that
14:25
are been a decimated in value. They hold commercial real estate
14:29
portfolios that have been decimated, decimated in value.
14:34
Obliterated. Declined down, however you want
14:38
to say it. Are the stocks of the BBS doing
14:42
well? No.
14:43
In the stock market's pretty smart.
14:46
OK, generally speaking, it's convoluted and perverted from
14:50
the last number of years. But nonetheless, the stocks of
14:52
the big banks are down. This, I'm going to let you know
14:55
a little secret, OK? And I think it's Michael Oliver
14:57
pointed this out. Here's a little secret for you.
15:00
Sunday morning Secrets with Ron. OK?
15:04
During the great financial crisis when the BBS got in
15:07
trouble. Guess who knows about it way
15:09
ahead of time. Yeah, the Federal Reserve.
15:12
And Janet Yellen, probably at the Treasury, has a pretty good
15:14
inclination as well, because coincidentally, purely
15:17
coincidence, Janet Yellen, who's the head of the Treasury
15:20
Reserve. She used to be the head of the
15:23
Federal Reserve. Isn't that interesting?
15:25
Did I say Treasury Reserve? Well, you know what I meant.
15:27
Treasury Department. Anyway, they will act OK,
15:32
proactively, preemptively, to save the BBS.
15:37
All right? And that could be happening very
15:39
soon. And that will be a very good day
15:42
for the price of gold and silver.
15:45
You watch it. You watch it unfold.
15:47
OK, you watch it unfold. Anything broken at your house
15:51
you want to talk about? Got any problems owning a house?
15:54
I know Coin Shop Chris is dealing with a bad dishwasher,
15:57
right? Anybody wants to donate a new
15:58
dishwasher to Coin Shop Chris? His information's in the
16:03
description of the video. Maybe a little plastic toy, one
16:08
from a dollhouse. Anyway, is anything broke at
16:10
your house right? Because I'm going to tell you a
16:13
story, a big story. And this has everything to do
16:16
with what we're talking about today.
16:18
The P vault. We're going to call it the P
16:20
vault from now on. The pivot by the Fed, right?
16:24
The fact that the system is falling apart right in front of
16:27
our very eyes because there's a guy I listened to yesterday.
16:30
I was in Toronto, I was out of town visiting gold mines,
16:33
meeting with high level analysts from the big Canadian banks that
16:37
follow gold and silver. Man, everybody sees ever.
16:41
I'm telling you now, maybe it was an echo chamber because
16:43
these guys work in the gold and silver and air arena, but they
16:47
see everything just like we do. So trust me, even these smart
16:52
guys that wear suits to work every day, not red shirts in
16:55
their basement, they see everything like we do.
16:59
Anyway, I had some time. There's a guy, he's on YouTube.
17:05
He's called the YouTube handyman, spelled the letter
17:09
YouTube. You can check this out for
17:12
yourself. Not now, because you're at
17:14
Sunday morning with Ron. OK.
17:17
And maybe we'll have a little inspirational period at the end
17:19
of this video. Nonetheless, the YouTube
17:22
handyman, now that's he's the working for himself.
17:26
He's the, he's the backbone of the US economy.
17:29
He's the smallest of the small businesses.
17:32
This guy started this business six years ago doing handyman
17:37
work, right? Put an ad on Craigslist and got
17:39
super busy. And that's what he's doing.
17:41
All right, I'll tell you a story.
17:43
I'm. You know what?
17:44
I don't. Look, I graduated from a top
17:46
university. I worked for Deloitte and touché
17:48
briefly. All right.
17:50
I've worked at Fortune 500 companies.
17:52
I've placed executives at some of the biggest companies in the
17:55
world. OK.
17:56
But I retired very young and and let me tell you this, OK, when
18:02
my daughters went to kindergarten, I was bored.
18:04
So one day I I put like 50 little Flyers on my neighbor's
18:09
yard because I wanted to get out and get some exercise saying if
18:11
you need anything done at your house, you want some bushes,
18:13
trimmed, whatever. Over three years, it turned into
18:17
like a bustling business. I was the best Bush trimmer in
18:20
Chesterfield. Also all the time investing in
18:24
gold and silver and precious metal, mining stocks and making
18:27
videos from time to time. This is before I got serious
18:30
about connecting with you. Yes.
18:31
You. OK?
18:33
And it grew. And that's exactly what this.
18:35
And then I got to a point like, I don't want to do this anymore.
18:37
I I think I can do. I want to do more.
18:40
I want to start, you know, something really big.
18:42
That's why I started Ron's basement in these the people
18:45
that I did work for, I'm still friends with them.
18:47
They're all old. They're wonderful, nice people.
18:49
Nonetheless, that's back on track.
18:52
Back on track. And I'll tell you something, OK,
18:55
Doing that type of work, like I I was the best Bush tremor
18:58
around. I had good gas boot tremors.
19:00
Is very rewarding and it is good exercise.
19:03
No doubt about it. Now.
19:05
Nonetheless, this guy, the YouTube handyman, started his
19:10
business six years ago. This is scary, guys, OK?
19:14
He just put out a video and he said people are broke, OK?
19:19
He said six years ago, put an ad on Craigslist, do handyman work
19:24
and that was all he did. And it grew and grew and grew,
19:27
grew to a point where like two or three years ago he said he
19:29
had so many phone calls that he couldn't return them.
19:33
There was no way that he could return all the phone calls, all
19:36
the business he was getting, doing small handyman jobs, He
19:40
says. About three or four months ago
19:43
he started to notice a slowdown. And he basically said that right
19:47
now things have fallen off a Cliff.
19:51
People don't have money now, now, now.
19:54
And I feel for this guy, right, because he's working for
19:56
himself, He's self-employed, right?
19:58
Putting in kitchen faucets, probably fixing fences, putting
20:02
in new dishwashers for people like our friend Coin Shop Chris.
20:05
Who needs a new dishy washy, washy, dishy, dishy washer
20:08
anyway? Anyway, what does that mean?
20:12
Now it's just, it's a sad story, right?
20:14
But but what is that? Let's think about this.
20:18
OK? There's a kicker.
20:19
There's a double wing zinger. Dinger.
20:21
As always. Number one, he's telling us he's
20:24
observing people are out of money.
20:26
Now I'm going to take a sip of coffee and then I'm going to
20:28
deliver the Double winger. Zinger, dinger.
20:35
I forgot to remind you, you're a basement dweller.
20:38
Welcome. Basement dweller.
20:39
Sunday morning in the basement. I am overwhelmed.
20:43
I would have never thought 389 people would be here with me in
20:48
the morning. You're here.
20:49
Yes. You.
20:50
You do. You realize that it's a bunch of
20:54
us. It's a bunch of you.
20:55
That's why they called it YouTube.
20:56
And it's awesome. And I appreciate you being here.
20:59
Subscribe if you're not. I put out new content every day.
21:02
Now double. Winger, zinger, dinger.
21:06
Nobody has any money. But think about this.
21:09
Most of the business that he's doing are critical things,
21:13
things that people need to have done like, oh, my toilet's not
21:17
working. Would you think it's?
21:18
Do you think it's critical that your toilet works?
21:20
That you have at least one functioning toilet in your
21:23
house? Huh.
21:26
Yeah. You can talk to Susie.
21:28
I'll let her tell the story. But when I first met her, she
21:32
lived in a small little house in Kirkwood, MO.
21:35
Nice town and she had one bathroom and I can do believe it
21:39
or not, I I rehabbed several houses in my 20s and there I was
21:43
re redoing our bathroom for and we didn't have a toilet for
21:48
about 6 hours one Sunday morning if I remember correctly.
21:52
And let's just say, let's just say there's a funny story
21:56
surrounding that that I, I'm, I'm going to think about before
21:59
I tell publicly on YouTube. Nonetheless, people need their
22:03
toilets fixed. That's critical.
22:05
OK. That's what the handyman does.
22:08
People need water their faucets fixed.
22:10
That's what the handyman does. People might say oh I want some
22:14
new you know how the wives were usually wives.
22:17
I want new blinds, I want new something.
22:21
OK. That's that's kind of like like
22:23
luxury ish type stuff that's fall that's gone.
22:27
Toilets, Right. People are only only fixing what
22:30
they absolutely need to fix. I'm telling you, this economy
22:34
and what's it going to do for gold and silver, huh?
22:37
What's it going to do? What's it going to do for gold
22:40
and silver? This is the economy goes.
22:42
Thank you man. Wrath of Khan.
22:44
Good to see you buddy. Thank.
22:46
You thank you. We're getting real.
22:50
This is real, right? I'm not.
22:51
We're not down here saying no. The Bureau of Labor and
22:54
Statistics, thank you. Wrath of Khan is saying that
22:57
that employment's up .6% in April, that we know.
23:01
That's all about the Bureau of Lies and Statistics.
23:05
OK, what's the ex CEO of Walmart saying who's on the board of
23:10
director at major companies? OK, he can say whatever he wants
23:14
now. Right when he's the CEO of
23:16
Walmart, he has to be Mr. Optimism, Mr. Whatever.
23:19
Now he can say whatever he wants.
23:21
He's saying the economy's crashing, The consumer is
23:24
crashing, It's pulling back. The consumer is 2/3 of the US
23:30
economy, right? We are a consumer driven
23:34
economy, Borrowed money from the rest of the world and that's
23:37
about to change. So.
23:39
So we got two big things going on, right?
23:42
Right. We know what the guy, the man on
23:44
the street making a YouTube video, the handyman, the other
23:48
end of the spectrum tells us. Things are slow.
23:51
And this is a guy that provides critical repair services.
23:55
People don't have any money, OK? People don't have any money,
24:00
right? Because their credit cards are
24:01
maxed out, their savings accounts are drained.
24:06
Did you hear that? You know, right.
24:09
It's like when my when Abby and Lily were little and I drained
24:11
the bathtub and down the drain, it goes slow and then it ends.
24:15
Whoosh, right? People are paying more and more
24:20
on these massive credit card account balances that they've
24:24
racked up. Yeah, OK, People don't have
24:27
money. Economy is.
24:31
Essentially on the precipice possibly.
24:34
I don't have a complete crystal ball, only 1/2.
24:37
Because I dropped it, OK, but the half crystal ball tells me
24:43
that we're heading towards some very difficult times. the Fed is
24:47
not going to let everything crash. the Fed is not going to
24:50
let the system go down the tubes.
24:54
They're going to pivot, OK, they're going to, they're going
24:56
to have to inject more, make believe money.
24:59
But it gets even crazier when you think about what we're going
25:03
to talk about next. After I ring the old cowbell,
25:06
because we got you did it. It's Sunday morning. 400 people.
25:11
I don't know, can we get to 500? I got more time.
25:14
I'm going to be here and we got a lot more to talk about.
25:16
But let me ring the cowbell for 200.
25:18
Thumbs up. Now that's a church bell.
25:29
That's a church. Bell and we also need to talk
25:31
about the stock market crashing. OK, but first.
25:36
As we talked about the silver and gold and platinum price
25:40
within the context of what we just talked about, collapsing
25:43
economy, the US needing to print more money.
25:46
Think about this guys and more and more people are picking up
25:51
on this and inflation, inflation is picking up at the same time
25:57
and and we are seeing a confluence of very scary factors
26:03
develop in the world. War, war, war.
26:08
I'm getting yelled at again for saying it wrong.
26:10
War. Why, you know, is it war or war?
26:13
I'm going to tell you what, it's WAR to me.
26:16
It is obviously pronounced war, but apparently it's pronounced
26:21
war. Like WORE.
26:23
So do you do you pronounce WORE war like?
26:27
Oh, I wore my red shirt for my live stream where I talked about
26:31
war. Oh my gosh.
26:36
OK, within the context of everything going on.
26:40
War in Israel, war in the Ukraine.
26:44
Right. Right.
26:46
OK, big deal. Yeah, big Frick.
26:48
Big. I'm a said Fricking, which I
26:50
don't say on this show. Big, big poopy, big, big deal.
26:55
War in Ukraine, War in Israel. But and is the United States
27:01
involved in both of those? Absolutely.
27:03
Absolutely. But don't forget, at home we
27:06
have a crashing economy, right? Skyrocketing interest rates.
27:12
We have war in Israel, war in the Ukraine.
27:16
That is a. Tragedy, absolute tragedy.
27:20
But Austin, the the United States maybe not, doesn't have
27:24
troops there fighting, but it's draining money out of our
27:29
government. Do you know like in the last
27:30
four weeks the the, the federal debt level?
27:34
The last four weeks went up by over a half a trillion dollars.
27:39
Yeah, not not billion trillion in four weeks.
27:43
OK. It's draining.
27:45
And nobody knows where the money was going.
27:47
Well, I got an idea, right. It's either going to shore up
27:50
the banks that are going to fail in this country, or maybe it's
27:53
going to fund the war because the money's got to come from
27:57
somewhere for the war, right. OK.
28:02
That is all dilutive to the value of the US dollar while at
28:07
the same. Time economy crashing.
28:09
I know I'm talking about a lot. You may want to take out a pen
28:11
and paper. Economy crashing.
28:13
I got to do this all out of my head.
28:15
Economy crashing. Walmart YouTube bandyman.
28:19
OK, we're going to have. I'm going to have him on the
28:21
show. That's a great idea.
28:24
Yeah. Anyway.
28:27
War Draining money out of the United States required requiring
28:31
more money. OK, right.
28:33
OK. On top of that, Bifurcation.
28:38
That's our word. That's a word we all know.
28:40
You're a basement dweller. Bifurcation.
28:42
Bifurcation. The world's splitting.
28:45
And the Double wing. Triple Zing, dinger, dinger.
28:49
Ding Dong. The Ding Dong on this one is on
28:52
top of all that, right? Half the world saying we're
28:55
done. We're done with the dollar.
28:58
You keep your dollar. We don't want your dollar.
29:00
We don't want we. We oh boy.
29:02
But we got war in Ukraine, war in Israel.
29:07
Why are there so many darn wars all of a sudden?
29:09
I'm scared. Let's make believe.
29:11
I'm a an Indian man or a Chinese man or a Japanese man or a
29:17
Russian man. I'm scared.
29:20
I I don't. I need to.
29:22
Put my money somewhere safe. What am I going to do with my
29:25
money? Think about this.
29:27
Put yourself in their shoes. What am I going to do with my
29:30
money? You know 20 years ago, Five
29:33
years ago, when when the when the old poop hit the fan, I used
29:38
to buy dollars because they were they were safe.
29:41
They were they were you know held their value kinda.
29:46
Or I bought U.S. Treasuries.
29:48
Now that man in China, or the man or the people, the
29:52
government, whoever, we're talking about big picture stuff,
29:55
right? The guy in Brazil, right, he's
29:58
going to say, oh, I'm not, I don't want to go in the dollar.
30:02
The dollar's losing value. The dollar can be confiscated.
30:05
The whole world simultaneously is moving away from the dollar.
30:08
Why would I want to go to the dollar?
30:10
Where am I going to go? Now that I have all this turmoil
30:13
in the world, all this war, Where am I going to go?
30:17
Oh. Well, let's see.
30:18
I don't want to put it in my native currency 'cause I don't
30:20
believe in that either. And I don't believe in the
30:23
Chinese, whatever they call it. I'm confused.
30:25
Is it the yuan or the renimbi? Whatever, the yuan or the I
30:29
don't know. The renimbi is India.
30:32
I don't want to go there. There's no paper.
30:35
Why do I want to go on paper anyway?
30:37
Oh, what else can I go into? I could buy some land.
30:39
Well, that's going to take a month.
30:41
I could buy some. Oil and store it in my backyard?
30:43
No, that's not really a viable option.
30:45
I looked into storing, like, 600 barrels of oil here in the
30:50
basement, and my local city just won't let me do it.
30:54
OK, What can I do? What can Where can I go?
30:57
I'm confused. I want to keep my money safe.
31:00
Hey. Hey, guys.
31:02
And that's why you're watching Ron's basement.
31:04
I got the answer for you. Hold on here, here.
31:08
Oh, look at this. It's called Silver, and it's got
31:14
a Big Brother. What?
31:16
How come you can't see that? There you go, Silver.
31:19
You can see I bite my fingernails like I got attacked
31:22
by weevils. Silver, right?
31:26
That's a good. Hey, that's that's worked for
31:29
5000 years. And it has a Big Brother named
31:32
Gold as well. And another cousin.
31:36
Like, I'm going to see all my cousins today named Platinum.
31:39
OK. Yeah, right.
31:41
Yeah. Isn't that interesting?
31:43
So as as the economy falls apart.
31:45
As the world falls apart. As the world moves away.
31:49
Bye, bye, dollar, Right. What are they looking for?
31:53
A store of value? How about the one that's been
31:55
around for 18,000 months? What about Bitcoin?
32:00
Bitcoin. Bitcoin.
32:01
Let me get my Bitcoin. Here's my Bitcoin.
32:04
Oh, there it is. What?
32:05
What? There it is.
32:07
Where's my SLVETF silver? There it is.
32:10
Up, up. Go ahead and grab some for
32:12
yourself. It's all you can take.
32:13
Have all the free Bitcoin you want.
32:16
Compliments here. Special giveaway Ron's basement
32:19
Sunday morning. What if the power goes out?
32:23
What about those poor people in Israel and Palestine?
32:27
But I'm going to talk about the Palestinians who don't have any.
32:30
Power right now. Ask them how their bitcoins
32:33
working for them. It didn't.
32:35
Israel shut off the power and electricity, and I'm sure
32:38
Internet access as well. Ask them how their cryptos are
32:43
holding up. They don't know.
32:45
They can't use. Them, right.
32:49
Think about that. If you were in Palestine right
32:52
now and and our heart goes out to all the people in the Middle
32:56
East, OK, I'm not making light of it this.
32:58
It's it's a tragedy what's going on on both sides in the Middle
33:03
East. But if you're in Palestine right
33:04
now, what do you think you would want as a store of value?
33:08
Maybe a gold coin, maybe a silver coin?
33:12
You know, I think you would. You know, I, I, I, I, I mean
33:16
that that is probably the worst case scenario that a lot of us
33:20
talk about, like needing the metal for barter purposes.
33:23
Well, I just dawned on me, so I want to be careful how I talk
33:27
about this. But isn't that happening right
33:29
now, Isn't it? I would say, I would say that it
33:33
is. You know, silver and gold have
33:36
always been valuable. Always.
33:39
I want to tell you a story. You want to hear a story about
33:41
gold? I'll tell you.
33:43
I don't think I've ever told this story.
33:46
You know how important gold is to the world.
33:49
Silver as well. I'll tell you a story.
33:51
I'm sitting here, right? My two buns in the basement,
33:56
right. Not, not that bun.
34:02
Hey, look what's. My moderators got mad at me.
34:06
Look what's back. Not those buns.
34:12
These two buns are sitting here. Are sitting here because of
34:17
gold. OK.
34:18
I would not be here right now. I would be.
34:21
We would not. We would not.
34:23
We would not be together on a Sunday morning if it weren't for
34:26
gold. I have gold to thank for my very
34:28
life. That's a fact.
34:30
Because you know why? Not my grampy, but my great
34:33
grampy. OK, he, he was in South Africa.
34:40
OK, he was a Dutch boar. They were called farmers.
34:44
This is the way I understand it. This is a very interesting story
34:47
that shows how important gold has been for hundreds and
34:51
thousands of years. So the Dutch went to South.
34:54
Africa, the way I understand it is.
34:57
They were happy in South Africa, everything was great.
34:59
And then the British showed up and the British were more
35:01
powerful and they said, hey, you Dutch people, we want the land
35:04
by the ocean, you move in. They pushed him into further
35:08
into Africa. So the Dutch people were like,
35:10
yeah, whatever, we'll go in. So they went in one day, some
35:13
Dutch dude and I heard he was giving his cow some water, but I
35:17
could have that wrong. Hold on a second.
35:22
Some Dutch dude. I heard it was a farmer taking
35:24
his cow to get some water to stream.
35:27
And he looked in the stream and he saw gold.
35:30
And a lot of gold. And that set off a massive gold
35:34
rush in the interior part. From what I understand of South
35:38
Africa, all this gold and these Dutch people were getting rich.
35:41
Well then the British changed their mind.
35:46
They said, you know Dutch people, we know, we told you to
35:49
move to the interior and we know now you found gold.
35:53
And you know what? We want that gold.
35:55
So we're going to move into there.
35:57
And then a big war broke out called the Boroir.
35:59
From what I There are like two of them, Two boroirs from what I
36:02
understand, the boars, the Dutch were outnumbered significantly,
36:06
but they fought off the British. Blah blah blah.
36:08
Who knows? I'm not a historian.
36:11
Anyway, my great grandpa was a soldier in the Boroir.
36:15
Cavalry man. Got pictures of him on his
36:17
horse. He looks just like me.
36:20
Lucky guy. Anyway, he wore a red shirt
36:23
every day anyway. After the war there was this
36:26
thing here in St. Louis, MO called the World's
36:29
Fair of 19 O 4 Massive. It's not most everybody knows
36:33
about it, but if you haven't, it was really crazy huge World's
36:36
Fair. They had a Boroir exhibition
36:38
where they re enacted parts of the Boroir.
36:41
They had Grampy come over. Great Grampy to help out.
36:44
He came. He worked at the World's Fair,
36:46
doing his exhibition with his horses and his swords and
36:49
whatever he did in his red shirt.
36:51
And he fell in love and stayed. And the rest is history.
36:53
That's how important gold is. Not not so much that I'm here,
36:57
right? There'd be some other goofball
36:59
in his basement talking to you on a Sunday morning.
37:01
But more importantly, that wars. Wars.
37:06
Sorry, wars were fought over gold.
37:10
What's the first thing when a country gets invaded or a
37:13
country gets conquered? What's the first thing?
37:16
The United States of America did when they defeated Saddam
37:21
Hussein, they took the gold, right.
37:24
What do you. I mean, that's the first thing
37:27
what's going on in the world. We just got news out.
37:30
Central banks continue to buy gold.
37:33
And when we talk about gold and we're talking about silver,
37:36
silver is gold on steroids. Fact.
37:41
Central banks continue to buy gold.
37:45
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38:09
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38:12
Pinbex is best, I think that. But I want you to do your own
38:16
research. OK, come to your own conclusion,
38:19
but I do think Pinbex is best, and I think you will too.
38:22
OK, so gold has played a critical role throughout the
38:26
world. We don't talk about bricks
38:28
anymore. That's all we used to talk
38:30
about. Gosh, those are like the glory
38:32
days of the summer. The sun was shining, the bricks
38:35
meeting was coming up. Is bricks dead?
38:38
No, don't forget. Boys and girls, basement
38:43
dwellers, right? And I love you for being here.
38:46
Thank you so much for being here.
38:48
Bricks is not dead. On January 1st we will have
38:52
Saudi Arabia. This is the timing of these
38:56
wars. Make you a little suspicious
38:59
from time to time, because on January 1st, less than three
39:02
months from now, we'll have. Saudi Arabia, the United Arab
39:07
Emirates, 2 powerhouse countries in the Middle East, Two of the
39:10
world's biggest oil producers joining BRICS, along with Iran.
39:17
Oh my gosh, think about what's going on with Iran now in
39:20
Israel, Argentina, Ethiopia and Egypt as well.
39:26
BRICS is not dead. The world is changing right
39:29
underneath our feet. Iran.
39:33
With what's going on with the war and it, I mean it is these
39:37
are times like we've never seen before.
39:39
Now we're going to talk about the stock market crashing.
39:42
Don't you worry the potential that we could see a major crash
39:47
in the stock market. Thank you for being here.
39:50
OK. I also want to thank first.
39:54
Mining Gold, their sponsor of Ron's Basement.
39:57
I was just in Toronto meeting with the CEO and key members of
40:01
the executive team of First Mining Gold.
40:04
I spent two whole days with them.
40:06
I came away feeling even better on my personal level.
40:10
I'm not giving financial advice, but I felt even better about
40:14
what to me is my significant investment in first mining gold
40:18
stock. They've got you want gold in the
40:22
ground. Right, in the best vault ever.
40:24
It's they, they have two 5 million ounce gold deposits in
40:31
Canada, one in Ontario, one in Quebec that I visited, OK.
40:35
It's in the safest vault in the world.
40:38
It's still in the ground. They're a development stage
40:41
company. That means the gold has been,
40:43
has been discovered. It's been determined through
40:47
scientific methodology how much gold is there.
40:50
And now they're in this phase where they're working through
40:53
the development process, which means working towards getting
40:58
mines built. Now this can take years, right?
41:00
But it's a process that as if the companies get further along,
41:05
they typically accrue much more value.
41:09
Because once you got the gold and you know how much is there,
41:12
then you need to go through this exciting process of getting it
41:16
permitted and and and putting together what are called PE as
41:20
preliminary economic assessments, which show how much
41:23
money the mine could make and how much it would cost to build
41:27
the mine. That's where they are.
41:28
If you want more information, do me a favor.
41:31
I want you to do me a favor. If you have interest in first
41:34
mining gold, e-mail Paul Morris. He's a British man and one of
41:38
the nicest, most knowledgeable, friendly people you'll ever
41:41
meet. Here's the heat.
41:43
I'm giving you direct access to the director of Investor
41:46
Relations. His e-mail address will be in
41:48
the description of this video. Now let's talk about the market
41:52
crashing. OK, Let's talk about the market
41:55
crashing. Oh, darn it.
41:57
Oh, shoot. Hold on.
41:58
I never do this. But I need to hop up and I got
42:02
to grab something because I forgot.
42:05
Well, I can do it by memory. This is by memory.
42:09
But it's I'm I'm I'm. I'm sure this is very close.
42:13
The seven biggest stocks in the S&P 500, the Fantastic seven, I
42:18
think they call them now, right? It's like Google, Microsoft,
42:21
Amazon, NVIDIA, I don't know, whoever else they are, seven of
42:26
them. They're all tech companies.
42:27
They now make up like 30% of the entire value of the S&P 500.
42:34
OK, absolutely crazy. 7 out of 500 stocks make up 30%.
42:41
Seven out of 500 is a little over 1%.
42:46
So a little over 1% of the S&P 500 represents over 30% of the
42:52
total value of the S&P 500. Does that make sense?
42:56
Right, when it comes to returns? And then it gets interesting
42:59
here because I got, I've got some insight that I can share
43:02
with you because I do understand money and financial statements,
43:07
OK, is critical that we understand what's going on with
43:10
this that all basically all the returns this year in the S&P 500
43:17
is are are attributable to those seven stocks.
43:21
OK. Now what makes it crazy is that
43:27
the valuation of these stocks, it becomes like a Ponzi scheme.
43:30
I'm sorry, but it is right. Most people that are buying
43:34
those stocks have no idea what they're buying.
43:36
They go. I'm born an apple computer cuz I
43:39
have an apple phone and I love apple and apples.
43:41
Good. And it just goes up and up and
43:43
up and up and up right, even where I work with a bunch of
43:46
professional musicians and God bless them, they're wonderful
43:50
people. But for some reason, three of
43:52
these more senior women that worked there had Apple stock,
43:57
and they like to brag about it. Like, I love Apple.
43:59
I bought Apple 10 years ago. And you know what?
44:01
They've done great. More power to them.
44:03
But they're musicians, OK? They don't know what a financial
44:07
statement is. They look at a balance sheet.
44:09
I know what a balance sheet is. They look at an income statement
44:12
or a cash flow statement. They're like, I don't understand
44:15
what that means, right? It's like if they hand me a
44:18
sheet of music. I'm not a musician.
44:21
I know what it is. A sheet of music, a bunch of
44:23
little weird symbols and I know up and down and different notes.
44:27
Thank you Shadow work for that. Super chat.
44:29
I hope you have a super day. Shadow work OK.
44:32
They don't understand. It's a Ponzi.
44:35
It's turned into a Ponzi partial Ponzi APP.
44:39
Absolutely a partial. Ponzi because the guys, the
44:42
money that you put into Apple stock or or NVIDIA.
44:48
The assets for every $100 you put in, you might only be
44:51
getting three or four or $5 worth of assets.
44:54
So most of the value of the stock is based on blue sky
44:58
expectations that Apple computers just going to keep
45:01
making more and more and more and more money.
45:05
Apple doesn't have that much more room to grow.
45:07
I'm not saying they're going out of business.
45:09
No, no. I mean, they've done better in
45:11
the last five years than I anticipated they would.
45:14
But I'm telling you, these stocks, they are overvalued.
45:19
Overvalued. It's like, let's say your house.
45:22
You probably live in a house. Let's say you own a house that
45:25
you bought for 200 K three years ago, and now three years later,
45:31
houses in your neighborhood are selling for 600K, right?
45:34
I mean, doesn't it just seem a little funny to you, right?
45:37
Like people are just buying and paying more and more and more
45:40
because they think in the future people are going to pay more and
45:43
more and more, but the music stops.
45:46
Isn't that what the CEO of Walmart told us?
45:49
The music does stop, and when it stops, you want to make sure
45:54
that you got a seat. I want to make sure that I have
45:58
a seat. Now, the seat that we're looking
46:00
at, right, We maybe we sat down a little early, right?
46:04
My seat is made of gold and silver.
46:08
It's got a gold butt and silver legs.
46:10
And maybe I sat down a little early.
46:13
Absolutely. Did I buy mining stocks now?
46:17
In hindsight, Of course. Early.
46:18
Yeah, I did. Did anybody else?
46:21
Right. Right.
46:22
Did I buy gold or silver? Gold.
46:24
The metals themselves. I'm a silver guy to me.
46:27
That's different to me. I don't know.
46:28
Do you have this experience every time you buy silver?
46:32
I never sell it. Excuse me, I'm supposed to mute
46:37
when I do that. I never sell it, right?
46:40
And I never ever regret having bought the silver or the gold.
46:46
Although I have very little gold, extremely small amount of
46:49
gold. But I have a lot of gold mining
46:50
stocks and I don't even regret buying those.
46:52
I was, I was on this trip up in Toronto with these top level
46:57
analysts, right, Some wealthy people.
46:59
And I was talking to one of the guys and he's like, yeah, I've
47:01
done a round trip. It's like my gold mining stocks
47:04
went, you know, up 100% and now they're back down 100%.
47:09
I'm back where I started and he said, but I never really look at
47:12
My Portfolio because I know what I have right.
47:16
And that's kind of like how we talk about how you value your
47:19
silver. You value it by the number of Oz
47:22
that you have. You value it by by its, I guess
47:27
you would say intrinsic, if that's the right word.
47:29
Value not based on Unicorn fart, dust dollars or anything else
47:34
like that. You value it by what it actually
47:37
is. Do we have 277 thumbs up?
47:40
Can we get to 300? I'm going to talk about the
47:42
giveaway. Yes, coin shop Chris.
47:45
I saw your virtual Ding Dong. Coin shop Chris throws virtual
47:48
Ding dongs at me through the phone.
47:50
It pops up. He's got my personal number text
47:53
messages. Hold on, I'm going.
47:54
To have a sip of coffee, can we get to 300 thumbs up?
47:57
I'll do the bell with my nose one last time.
48:00
It's Sunday morning. I'll do it all for you.
48:02
So stick around. Yes, I'll do.
48:05
I'll even do a dramatic bell nose.
48:07
Nose. Bell nose, bell bell nose.
48:09
Hold on. All right, I'm back.
49:12
Sorry. I don't know what happened
49:14
there. I have an old phone.
49:17
So they're going to be these 4-5.
49:21
There's five of them. Beautiful silver buffaloes.
49:27
OK, from our friend Jim M There's going to be this one
49:35
ounce bar. There's going to be this
49:38
Krugerrand. There's going to be this bag of
49:41
very nice coins. There's a bunch in there.
49:45
Silver coins from coin shop. Chris, you want some gold?
49:51
You want some gold? We got some gold.
49:54
There's going to be some gold backs.
49:56
At least this many, at least this many gold backs.
50:00
There's some fives in there. OK, look, they're beautiful,
50:05
aren't they? Gold.
50:06
Real gold. And there's going to be this,
50:12
the hard to get Buffalo Trace Buffalo Trace seasoning from our
50:18
friends at Weber. There's going to be more.
50:23
Something's coming from Pembex. OK, Pi MB, EX Pembex.
50:27
I talked about them earlier and I'm going to put some more in
50:30
there as well. And I think there might even be
50:32
more and more so. Oh, and a first mining gold hat.
50:37
This nice hat. Brand new.
50:40
I never put it on my head. OK, I have another one they gave
50:43
me as well. Nice Adidas hat, OK?
50:49
Yeah. Don't leave me.
50:51
I promised one last time, baby, this is it.
50:55
You're going to witness the last ringing of the bell with a man's
51:00
nose, at least for today. OK, and three rings for 300
51:05
thumbs up. If you haven't given this a
51:07
thumbs up yet, please give it a thumbs up.
51:09
All right, I will do this until I lose a sponsor over it.
51:15
But even then, if it's still demanded by the audience.
51:18
Yeah, look, I'm beholden to you. This is not possible without
51:23
you. Remember the hot dog?
51:33
Hey, I want a hot dog. Has anybody out there ever?
51:38
I'm not a pinball freak, but I love pinball.
51:40
Has anybody ever played the game Funhouse, Pinball, Funhouse.
51:43
I used to love that game, and anyway, I found one down in Gulf
51:50
Shores, AL. Hey, I want a hot dog.
51:53
It's the best pinball game ever if you ever see at the funhouse.
51:58
OK, let's go to the comments, See what kind of rudeness.
52:03
MMMM. We're letting everything catch
52:05
up. Mic, check.
52:06
Mic, check. Mic, check.
52:08
This future looks bright. It's Sunday morning for silver
52:11
and gold. Yes, guys, we're gonna have a
52:14
good. It's unfortunately OK.
52:17
I won't hurt myself. Ricky's house like crap.
52:20
Hey, Mary Radcliffe, good to see you.
52:22
Jim M Coin Shop, Chris. I appreciate the hard work of
52:26
the moderators, guys. Everybody tap.
52:28
Let's see how many. Eight's the number 8 we can get
52:32
for the moderators. I'm going to put mine in there
52:35
right now. 88. Yes, I'm home safely.
52:41
Wonderful people in Canada, no doubt about it.
52:45
Look at all those eight's. Really some nice people.
52:50
Really Look at all those eight's.
52:51
Stella Patriot Paul Tommy The Lone Ranger Steve Newberry Simon
52:56
Harper Wrath of Khan, Tom Manley 8.
52:59
He wrote it out. Good job, Tom.
53:01
The Dutch farmer. That's what my great grandpa was
53:04
a war. Richard Cooper from the United
53:07
Kingdom. Daniel Cassley.
53:09
Kerry Trotter. Craig Edmonds.
53:11
Scott Fowler, You know, I haven't pulled this out for a
53:14
while. This belongs to Neil from Neil
53:17
Hahn's Dynasty, right? This came from our friend
53:20
Richard Cooper. For those of you who haven't
53:22
seen it, is in the United Kingdom.
53:25
And he went to Las Vegas, and he sent a great package to me a few
53:29
months back, and he included this from his trip to Las Vegas.
53:34
OK, He called this Las Vegas toilet paper.
53:41
I thought that was great. Hey, guys.
53:43
Have a wonderful Sunday. OK, Ron, you're an outstanding
53:47
representation of a basement. Thank you, Mary.
53:51
I do my best. Thank you, Dee.
53:52
Braun for the Super chat. Super appreciated, my friend.
53:57
You know, yeah. This, this, this, this, this.
54:03
It's my privilege to be able to do this here in the basement.
54:08
I'm not going to lie, guys. I'm not going to lie to you.
54:10
I never lie. Will not lie to you.
54:12
It's hard work, believe it or not, and I'm usually really
54:16
tired when I'm done doing these. I almost said super chats, super
54:21
chat, Super chat when I'm done doing these live streams.
54:27
But it is so worth it that I get to connect with some of the
54:31
nicest, best people. I can be crabby.
54:34
You can ask Susie. You know I can be a crab.
54:37
And I can say, Oh my gosh, there's so much.
54:39
And I'm stressed out and can ask coin shop Chris.
54:41
But I'll tell you what makes it all worthwhile.
54:44
OK. I'm tell you what makes it all
54:45
worthwhile. Makes it more than worthwhile,
54:49
makes it a real pleasure is getting to meet people like you.
54:54
I've met so many awesome people. Just to name a few.
54:58
Right Sassy Silver Coin Shop. Chris Mary Radcliffe.
55:02
Jake from Jake's custom parts. Jim M, our friend Jim in in
55:08
Ohio. Just unbelievable.
55:12
Nice people. Richard Cooper Daniel Cassie.
55:16
Craig Edmonds right. Wrath of Khan.
55:21
Wayne Lemay, I mean. And then please, if I didn't say
55:24
your name, know. That you and it's not, you know,
55:27
it it's us, right? It's YouTube, but it's US Tube.
55:31
Maybe we'll start a new thing called us Tube.
55:33
Anyway, it's a big deal. And you know, being nice to
55:37
other people, being supportive of other people.
55:40
Isn't that what it's all about? I mean, I'll tell you, I'll give
55:44
you a quick story, a quick example.
55:48
If there's one person who I think really goes above and
55:52
beyond to be nice and to help people and a lot of you on here
55:55
know that. And I'm going to wrap this up
55:57
quick, Don't you worry. It's Coin Shop Chris.
56:00
I can't tell you how many people have reached out to him, usually
56:03
through me. And I'm not involved at all.
56:05
I'm not taking any credit. The only credit I'll take is
56:08
being the conduit of all this. But Coin Shop Chris has met a
56:12
lot of wonderful people and helped a lot of people, right?
56:16
And he'll always say, I'm not an expert and I'm not an expert,
56:19
but he knows a lot. He knows a lot about buying
56:21
silver and gold and the connections that I've been able
56:25
to make and the connections I know that he's been able to.
56:27
I mean, it's what it's all about.
56:28
So thank you. I won't go on.
56:30
I won't cry. But it's a big deal that you're
56:32
here. It's a big deal that you help
56:34
support what we're doing, what I'm doing, what we are doing
56:38
here in the basement. And I really do hope that you
56:41
have a great day. Thank you.