Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / 🚨CRITICAL! Silver & Gold🚨 -- U.S. Government SAYS It (and MORE) - Precious Metals NEWS Update

Transcript

🚨CRITICAL! Silver & Gold🚨 -- U.S. Government SAYS It (and MORE) - Precious Metals NEWS Update · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Reason to believe that we could have silver prices beyond our
• 0:04
  wildest imagination. But then there's a lot more
• 0:06
  because the biggest names, the gurus of the financial world,
• 0:10
  people like Morgan Stanley, excuse me, people like Ray
• 0:14
  Dalio, the hedge fund king. People like it's guys, it's too
• 0:20
  much for me to remember. Jeffrey Gunlock, the bond king,
• 0:24
  even our very own Treasury Secretary Scott Percent, These
• 0:29
  guys are all saying things about precious metals that really it's
• 0:33
  almost unbelievable to think that right now we would be
• 0:36
  hearing this two years ago if you had told us, we just
• 0:40
  wouldn't believe it. So we're going to dig in first
• 0:42
  and we're going to talk about silver and I'm going to show you
• 0:44
  this chart that I think is just it's too good to be true.
• 0:49
  But what's really too good to be true is that you decided to join
• 0:52
  me down here in the basement. Hey, look, the reality is this
• 0:55
  is just a cold, dark basement without you being here.
• 0:58
  You are important. You are the your mama's eye.
• 1:01
  I want you to feel like you found a home away from home down
• 1:04
  here in the basement. You're welcome here anytime.
• 1:06
  Please subscribe to the channel, give the video a thumbs up.
• 1:10
  We got a lot to cover. Let's get started right now.
• 1:13
  We're going to go out first and take a look at this.
• 1:16
  When it comes to silver, this came from medals and miners, the
• 1:21
  great rotation. Why silver is the most
• 1:24
  compelling investment of the decade.
• 1:26
  Guys, this is not the chart, excuse me, that I talked about
• 1:32
  earlier, but this one bears looking at.
• 1:34
  It came from Tavi Costa. We actually looked at this a few
• 1:37
  days back. This is silver to the S&P 500
• 1:41
  ratio. As you can see over here, we are
• 1:45
  very, very low right now on that chart, OK, we've been as high as
• 1:50
  up here back in 2011 time frame. If we get back up here again in
• 1:56
  the silver to S&P 500 ratio at current levels, we would be at
• 2:01
  silver price north of $150.00. Yes, you heard that correct,
• 2:09
  $150.00. Now, let's go down a little bit
• 2:13
  deeper because there's a chart that I'm going to give you the
• 2:16
  reasons why we can be super excited.
• 2:18
  But let's just read through this story.
• 2:20
  Why silver is like, according to them, like one of the greatest
• 2:24
  investment opportunities we could be sitting in right now.
• 2:28
  For years, investors were conditioned to believe that
• 2:30
  stocks and bonds are the only game in town.
• 2:33
  But the rules are changing. The era of easy money and
• 2:36
  financial engineering is coming to an end.
• 2:38
  And in its place, a new era of sound money in real value is
• 2:42
  dawning. This is the story of the great
• 2:45
  rotation, and it's the reason why silver is not just an
• 2:48
  investment, but a lifeline in the years to come.
• 2:52
  So then they talk about chronic underinvestment and explosive
• 2:55
  demand. OK.
• 2:57
  Look, we've talked about this years the silver market has been
• 3:00
  the story of chronic underinvestment.
• 3:03
  The result is a structural supply deficit, OK, reaching
• 3:08
  critical breaking .5 years we've had a deficit in the silver
• 3:11
  market. Demand for silver has
• 3:13
  outstripped supply with now the total over the last five years,
• 3:18
  that being somewhere between 800 million and 1 billion oz.
• 3:24
  And there's the the chart. There's a lot of different ways
• 3:26
  to look at it, but as you can see, over the last five years,
• 3:30
  the world has been consuming more silver than it's been
• 3:34
  bringing in. And before we go, that's not the
• 3:36
  chart I was talking about, so bear with me.
• 3:38
  But before we go there, I just want to remind you, here's a
• 3:41
  beautiful piece of silver from channel sponsor First Met.
• 3:45
  That's their Folds of Honor 10 oz flag.
• 3:48
  You can check that out on their website.
• 3:50
  But what I want to remind you of of is very important, very
• 3:53
  powerful, is this. Grab a piece of your silver,
• 3:56
  hold it in your hand, and know that today there is less of this
• 4:01
  less silver on the face of the planet than there was yesterday.
• 4:06
  That's been the case for the last five years.
• 4:09
  Tomorrow there will be less physical silver on the face of
• 4:13
  the planet than there is today. That's powerful.
• 4:16
  That's a dwindling supply. But let's go take a look at that
• 4:19
  chart that I promised you, and here it is right here, right?
• 4:31
  There's three reasons why we can get super excited about this.
• 4:35
  This shows silver demand continues to outpace supply
• 4:38
  growth. So all these shaded color areas
• 4:41
  represent one of the components of demand.
• 4:44
  The red line represents silver mine production.
• 4:48
  And remember that peaked back here.
• 4:50
  Let me get my markers out and we will use a color that will show
• 4:54
  up nicely. We will use yellow.
• 4:57
  So the red line represents silver mine output.
• 5:00
  We had pink that doesn't. That's not showing up.
• 5:03
  Hold on here guys. Let's get a better color.
• 5:06
  Let's try orange. Here we go OK, there's peak
• 5:12
  silver right there in 2016. OK, all these shaded areas
• 5:17
  represent areas of demand. The yellow line up here
• 5:21
  represents total silver that's being produced.
• 5:24
  That includes the mining and the recycling, grandma silverware,
• 5:29
  that type of thing. As you can see, all this area up
• 5:33
  here over the last five years, the world has been demanding way
• 5:37
  more silver than the world has been producing.
• 5:40
  But that's not the interesting part.
• 5:42
  The interesting part is this, if we look down here electronics
• 5:48
  and then we look here net physical investment and we look
• 5:52
  here jewelry, we know OK, all three of these components are
• 5:59
  set to explode in the future. We know that demand for silver
• 6:05
  and electronics is going to go up and up and up.
• 6:08
  It gets even more interesting when you realize look how look
• 6:11
  how small that area is compared to areas like this.
• 6:15
  Now we know that net physical demand from retail investment
• 6:20
  for investment purposes is at a near all time.
• 6:23
  So this area is also primed to explode.
• 6:27
  It basically can't get any worse or it would be much easier for
• 6:31
  demand, investment demand for silver to go up than it would
• 6:34
  for it to go down. And the one that I've been
• 6:37
  harping on now for several months, jewelry demand.
• 6:40
  We had an article from the Wall Street Journal yesterday telling
• 6:43
  us the demand for silver jewelry is beginning to go up because of
• 6:48
  the price of gold, basically, and because of the reason that
• 6:51
  silver is just beautiful. So when we look at these three
• 6:54
  things, 123, all three of them have the huge opportunity to
• 7:02
  continue upward. I think that's the most powerful
• 7:05
  chart in the silver world right now.
• 7:07
  Of course, we're at $4243 silver, but what we want to see
• 7:12
  is silver reaching. It's really true price, which we
• 7:17
  know is closer to, let's say something a little higher or a
• 7:24
  lot higher than where we are right now.
• 7:27
  That's the fact, right? Silver has been manipulated
• 7:30
  down, down, down. Now, when we think about that
• 7:33
  chart that I just showed you, we focused on demand.
• 7:36
  Will the silver miners be able to suddenly supply all this?
• 7:39
  No, no, like everybody knows the silver mining, the silver
• 7:45
  development, the silver exploration sectors have been
• 7:48
  neglected for years. Only the very smartest people,
• 7:52
  people like Keith Neumeyer, the guy that runs Dolly Varden
• 7:55
  Silver, a handful of other people have been out there
• 7:58
  investing during the darkest of times in future silver mines.
• 8:02
  It's going to take a decade for the silver mining industry to
• 8:06
  catch up to the that demand. Now, you know, people that were
• 8:10
  smart and did position themselves are going to do very
• 8:13
  well. That includes people like you
• 8:15
  that bought physical silver when it was 15/20/25, even $30 per
• 8:20
  oz. But let's talk about big names.
• 8:24
  Morgan Stanley, Jeffrey Gunlock, Ray Dalio, Scott Percent.
• 8:29
  Everybody's saying stuff. I don't have to run through this
• 8:32
  quickly in the end because your time is valuable.
• 8:35
  But all the big names, the gurus are saying big things about the
• 8:39
  precious metals. Let's start with Morgan Stanley
• 8:43
  and hold on here, make sure I got that one.
• 8:47
  Oh here real quickly when it comes to silver.
• 8:50
  Catoosa Research pointed out that silver mining companies are
• 8:53
  now have higher profit margin than Netflix.
• 8:57
  They dig rocks out of the ground for $27.00 and sell them for 43.
• 9:02
  But their cost didn't change. The market just handed the big
• 9:05
  raise to them for doing the exact same job.
• 9:09
  The silver miners, right? The companies that hung in there
• 9:12
  are making big money. This chart shows the profit at
• 9:15
  $43 per oz is what about 16? If silver goes to 48, that'll go
• 9:20
  to 21. OK, let's get to Morgan Stanley.
• 9:23
  Morgan Stanley. Yes, that Morgan Stanley put
• 9:26
  this out last week and it's making major waves.
• 9:29
  Basically their CIO said that now the model portfolio instead
• 9:35
  of being 6040, which was always what, 60% stocks, 40% bonds is
• 9:41
  now 602020, meaning 60 stocks, 20% bonds and 20% gold.
• 9:49
  OK, So we're hearing that's Morgan Stanley, right?
• 9:52
  A big, huge, super respected the mainstream investment.
• 9:57
  These are mainstream investment companies talking about precious
• 10:01
  metals. 4 years ago, two years ago, we couldn't even imagine.
• 10:07
  Hold on, make sure we got you up there.
• 10:09
  Yes, we do that. That would be the case.
• 10:11
  We are living in New Times. But wait, there's more.
• 10:14
  OK, Ray Dalio, the king of hedge funds comes out with that.
• 10:21
  Oh wait a minute, this is funny. I'm sorry guys, there is so much
• 10:26
  going on in silver and gold it's hard to keep up with us, but we
• 10:29
  need to laugh. Are you ready for a laugh?
• 10:31
  This came from our friend Make Gold Great Again on X.
• 10:34
  This is about Morgan Stanley, he said, clarifying now that Morgan
• 10:38
  Stanley is recommending everyone have 20% of their portfolio in
• 10:42
  gold. A little late on that, but
• 10:44
  nonetheless he's asking the question, is Morgan fan, Morgan
• 10:48
  family Morgan Stanley? Are they now considered a
• 10:52
  tinfoil hat conspiracy theorist or were we right all along?
• 10:58
  Right. Remember when they used to call
• 11:00
  this tinfoil hat conspiracy theorist because we talked about
• 11:03
  gold and silver two years ago, Five years ago.
• 11:06
  All right, let's move over to Ray Dalio. 2 important things
• 11:09
  here #1 Ray Dalio's the king of hedge funds and he's coming out
• 11:14
  saying the gold and non Fiat currencies will be the stronger
• 11:18
  stores of value as the US debt mounts.
• 11:21
  We're just going to read these two paragraphs in green
• 11:23
  Bridgewater, which is like the world's biggest hedge fund.
• 11:26
  Ray Dalio is a genius. He started it out of his
• 11:29
  apartment, OK. He's super high respected.
• 11:32
  If you don't know who he is, look him up.
• 11:34
  He's very free with his knowledge.
• 11:36
  But he said Friday that gold and non Fiat currencies will become
• 11:39
  stronger stores of value as major currencies face
• 11:42
  devaluation risk amid mounting debt in red.
• 11:46
  He says we are going to see non Fiat currencies become more
• 11:50
  important stores of wealth and money.
• 11:54
  But also he's urging investors to diversify their assets with
• 11:59
  around 10% of their portfolios in gold.
• 12:03
  SO2 important things here. Number one, there's Ray Dalio.
• 12:06
  You can see him down here. He's the hedge fund king.
• 12:09
  He's a he's the probably the smartest financial mind in the
• 12:12
  world right now. He's saying put 10% of your
• 12:16
  assets into gold. OK, that's Ray saying that, not
• 12:19
  me. Don't forget, I'm not a
• 12:20
  financial advisor. I'm not giving financial advice.
• 12:23
  However, the important thing also to look at, look in the
• 12:27
  upper left hand corner. This is from CNBC.
• 12:31
  This is coming to us from mainstream media, OK, which also
• 12:35
  then leads us into the next article.
• 12:38
  Also interestingly from CNBC. And this is the bond king, OK,
• 12:45
  the king of bonds, Jeffrey Gunlock, another OK, He's
• 12:48
  saying, OK, he believes holding a 25% gold position is not
• 12:55
  excessive. And there he is again on CNBC in
• 12:59
  yellow. This is crazy, guys.
• 13:02
  I think almost certainly gold will close above $4000 before
• 13:07
  the end of this year. What happens to gold will be
• 13:12
  good for silver and most people. I got to get the trucks out.
• 13:15
  I'll get them out here for you in a second.
• 13:16
  Most people are calling for a slingshot move in silver.
• 13:19
  Gunlock said that on CNB CS Closing Bell, his forecast
• 13:23
  represents a 7% upside from the current record level for the
• 13:27
  gold price, he says. I still think a 25%.
• 13:33
  It's hard to keep up with all this guys, isn't it type.
• 13:36
  Waiting on gold is not excessive.
• 13:40
  I think that that is an insurance policy.
• 13:44
  It's in a winning mode because of the weaker dollar.
• 13:46
  And I believe that's going to continue.
• 13:49
  So wait a minute here, let's look and then we're going to see
• 13:51
  what Scott. No, then we got Jeffries.
• 13:54
  I got I got double bonus, Jeffries said.
• 13:59
  And then they're saying a gold prediction that you're not going
• 14:02
  to believe. And then we're going to listen
• 14:03
  to the Treasury Secretary himself, Mr. Scott Percent.
• 14:07
  But let's review. We got Jeffrey Gunlock, the bond
• 14:10
  king, 25% gold. We got Ray Dalio, the hedge fund
• 14:13
  king, 10% gold. And we have Morgan Stanley, 20%
• 14:18
  gold. And what's good for gold is good
• 14:21
  for silver. But now let's go see what
• 14:22
  Jeffries is saying because Jeffries came out with some news
• 14:26
  about precious metals, which also is very interesting.
• 14:31
  And here we go. OK, this came from The Economic
• 14:35
  Times of India. I believe it is.
• 14:37
  But a good synopsis. Gold price target of $6600 per
• 14:45
  oz is now reasonable, says Jeffrey's Chris Woods.
• 14:49
  Here's why. And you know what?
• 14:51
  I'm not going to read through all this with you guys.
• 14:52
  You know the reasons why the dollar, the US dollar is, is, is
• 14:57
  unfortunately in real value headed in One Direction.
• 15:01
  And that's because basically we all know how to use a
• 15:04
  calculator. And with $37.5 trillion in debt
• 15:09
  in our country right now, it's a very unfortunate reality that
• 15:13
  the real value of Fiat paper money can only go in One
• 15:18
  Direction. And we have an administration in
• 15:20
  Washington that has pretty much proven to us with what they're
• 15:24
  interested in is the lowering in the value of the US dollar.
• 15:28
  The reality is this, when you get to a debt level like we have
• 15:32
  right now in the United States, there's only two things you can
• 15:35
  do. You can institute massive cost
• 15:39
  cutting, which they aren't going to do, or option 2, which is the
• 15:44
  easier, softer way, which hundreds and hundreds of
• 15:47
  previous governments through thousands of years have chosen
• 15:50
  to do. You can print money.
• 15:52
  You can pay back the debt with currency that's printed.
• 15:55
  That's worth a lot less. I don't like it, you don't like
• 15:58
  it. It's the reality of what's going
• 16:00
  on. That's why Jeffrey's Jeffrey
• 16:02
  Dunlock, Ray Dalio and who was the other one, Morgan Stanley,
• 16:06
  him or herself or the company Morgan Stanley are all telling
• 16:10
  us get your assets into real things like gold and silver.
• 16:16
  Real estate might do well. Some people may argue crypto
• 16:19
  made may do well as well, but that's what's happening now.
• 16:22
  What does it mean when the Treasury Secretary of the United
• 16:26
  States Scott percent has some crazy interesting things to say
• 16:31
  about gold. Let's go watch this.
• 16:33
  I think it's like 45 seconds long when you watch this, I want
• 16:37
  you to remember this is the Treasury Secretary of the United
• 16:43
  States of America in this. I was shocked.
• 16:47
  I don't know when he said this. I want to preface it with that I
• 16:50
  don't know if this was real recent, but it with some time in
• 16:53
  the recent past and let's get this, let's get him on full
• 16:57
  screen presenting to you, the honorable Treasury Secretary.
• 17:01
  Hold on now I'm sharing it almost screwed that one up.
• 17:06
  Hold on guys, I got to make sure.
• 17:08
  This is so important. I want to make sure yes, we do.
• 17:11
  OK, and boom. And here we go without further
• 17:17
  ado. Gold, gold also has other
• 17:20
  applications, a lot of application jewelry in India,
• 17:25
  but it's something that historically people have all
• 17:28
  agreed on and gold does not have.
• 17:32
  Gold can't have a fiscal problem.
• 17:34
  Gold cannot have a gigantic budget deficit.
• 17:38
  Gold cannot have the a a war. So just the fact that it is this
• 17:48
  isolated thing makes it very interesting.
• 17:52
  And the fact that the entire global trading system, until
• 17:58
  Richard Nixon took us off, was tied to gold.
• 18:01
  So you're not anti gold? Oh no, no, no, no.
• 18:04
  I when I had my fun, I think people might have called me a
• 18:07
  gold bug. Gold Gold also has other
• 18:11
  applications a lot of. Applications in India, it was a
• 18:15
  while back, maybe even before he was quote UN quote officially
• 18:20
  our Treasury Secretary. But did you listen to what he
• 18:23
  said? He is our Treasury Secretary
• 18:25
  right now. He said gold, and we'll say
• 18:28
  silver as well, can't have a fiscal problem.
• 18:31
  Gold can't run a budget deficit. Gold can't start a war.
• 18:38
  Gold. Up until 1971 when President
• 18:41
  Richard Nixon temporarily took us off the gold standard, gold
• 18:45
  was the basis for the world global trade system.
• 18:49
  Is he anti gold? He said no, absolutely not.
• 18:52
  He actually was said that he was referred to as a gold bug at one
• 18:56
  point. I think that may have been a
• 18:58
  little bit older, maybe from 3-4, maybe even six months ago,
• 19:01
  but who cares? He said it.
• 19:05
  That's our Treasury Secretary. Unbelievable, guys.
• 19:08
  Gold and silver. I mean, right, I'll say it one
• 19:11
  more time. They've been around for
• 19:13
  thousands of years. They've proven themselves right.
• 19:15
  This silver right here again, Folds of Honor, 10 oz bar, it
• 19:21
  comes from our channel sponsor first met, right?
• 19:24
  That 10 ounces of silver was pretty much just as valuable
• 19:30
  3000 years ago as it is today. Silver can't start wars.
• 19:34
  Silver can't run a budget deficit.
• 19:37
  Does the says the same components as gold?
• 19:40
  And I do want to say thank you to 1st Mint for sponsoring The
• 19:43
  Basement Guys. They're owned by First Majestic
• 19:45
  Silver, Keith Newmyer's massive silver mining company.
• 19:50
  First Mint is located in Las Vegas, NV So First Majestic
• 19:54
  mines the silver in Mexico, ships it to Nevada, the United
• 19:58
  States, where it's transformed into world class silver bullion
• 20:01
  products. And then it goes straight to
• 20:03
  you. Did you notice there's something
• 20:04
  missing there? Yeah, they missed.
• 20:06
  They missed something very important to us, the silver.
• 20:11
  All right, I'll ring the bell. Thank you.
• 20:12
  That was everybody. For those of you who are new,
• 20:19
  that's my wife, that's upstairs, Susie.
• 20:21
  She communicates with me. She wants me to say hi to some
• 20:24
  people. I will do that here in a little
• 20:25
  bit. I was finishing up on my my plug
• 20:29
  for our good friends at first met.
• 20:31
  There's no Comex, there's no LBMA.
• 20:34
  That's what they missed, right? This is the freshest silver that
• 20:37
  you can get straight out of the ground from Mexico, from the
• 20:41
  mind to the meant to you. But there's no COMEX, no LBMA,
• 20:45
  no paper funny money that ever goes along with the silver that
• 20:49
  you get from our friends at First Mint.
• 20:51
  They do have a discount code VIPRB I think very important
• 20:57
  Ron's basement VIPRB free shipping on orders over $299.
• 21:02
  Great company, big honor that they that they support and we
• 21:05
  can be affiliated with such a quality organization.
• 21:09
  OK, let's move on here guys. The tiniest bit of money.
• 21:12
  I have a question for you, but the goal just so you know, but
• 21:16
  this is a in particular true for silver, right?
• 21:20
  It's a little tiny market relative to the world total
• 21:24
  financial markets, even gold is a sliver of what's out there.
• 21:28
  If we get this is interesting, look at this, this is some
• 21:31
  interesting data that we were, we were supplied and boom,
• 21:37
  again, this came from metals and miners.
• 21:40
  The $143.8 trillion question, what happens when the biggest
• 21:45
  bubble in history burst? And what they're looking at
• 21:49
  here, right, is the fact that the global stock markets, the
• 21:53
  global financial markets, if now it's approaching $150 trillion
• 22:00
  and by any measure we are in massive, a massive, massive
• 22:04
  bubble in these financial markets.
• 22:06
  What they say right here OK, this is the key.
• 22:09
  The rotation of even a tiny fraction of this capital into
• 22:14
  the microscopic gold and silver mining space would create well
• 22:19
  generating event of such epic proportions that it would make
• 22:22
  the.com boom look like a child's birthday party.
• 22:27
  This is not a prediction, it's a mathematical inevitability OK
• 22:31
  and now they're talking about that specifically in regard to
• 22:36
  the gold and silver mining sector.
• 22:38
  It really is true we but it's true for the physical metals as
• 22:43
  well It's an ecosystem it's gold, it's silver.
• 22:47
  We could even put platinum and Palladium in there, but it's
• 22:50
  also the mining sector and guys, it's been a ghost town OK,
• 22:55
  whether whether I mean gold has gold has done very, very well.
• 22:59
  Silver is just I got to get the trucks out.
• 23:02
  Silver is just starting to play catch up.
• 23:04
  I got the trucks, don't worry, the toys are coming out.
• 23:07
  But but, but it's a, it's such a small market.
• 23:12
  Doug Casey says that when the when the when the money comes
• 23:15
  in, it'll be like trying to drain Hoover Dam with a garden
• 23:19
  hose. Let's go quickly because you
• 23:21
  guys were asking about this. I have an update for you.
• 23:24
  The eight largest countries in the world.
• 23:26
  It's interesting to look at this list and I have something that I
• 23:30
  see in it that I want to get your opinion on, but I
• 23:33
  definitely see in this list. These are the eight countries
• 23:37
  with the highest gold reserves. We'll go through quickly. the
• 23:40
  United States of America #1 #2 Germany #3 hold on here.
• 23:50
  Having some tech issues. Hold on here, Italy, France, are
• 23:57
  you noticing this? Then Russia, then China, and
• 24:01
  then Switzerland, and then India.
• 24:03
  So the world is bifurcated when it comes to gold holdings.
• 24:06
  Basically, it's the West that right now has the lead for right
• 24:11
  now. I will emphasize that.
• 24:13
  But then you've got India, right, China and Russia also in
• 24:18
  that top 8. And we that's why we have this
• 24:21
  war going on. Interesting how the countries of
• 24:24
  Europe who went through war and went through some very difficult
• 24:27
  times, Germany, France, Italy have huge amounts of gold.
• 24:31
  But then like I said, we've got this big shift going on in the
• 24:34
  world geopolitical power structure.
• 24:38
  It has China, India, Russia, more eastern countries also
• 24:44
  accumulating massive amounts of gold.
• 24:46
  OK, I got to ring the gong for you because we have 100 thumbs
• 24:49
  up. And then I'm going to say hi to
• 24:50
  some people. Hold on here.
• 24:52
  Sometimes the tech gets a little funny.
• 24:54
  I'll tell you when to say hi. But let's ring the gong, guys.
• 24:58
  153 Susie says I'm going to ring the golden gong.
• 25:03
  Here it is 3 times. Hopefully you can see me.
• 25:06
  We have so many people, over 800 people on this live stream.
• 25:10
  This is incredible. There are more and more of us
• 25:12
  coming in. Welcome to everybody to the
• 25:14
  basement. I'm going to ring the gong in
• 25:16
  one second, but I'll ask you to do one thing and that is hit the
• 25:18
  subscribe button. It's free, OK?
• 25:21
  And it's lonely down here without you.
• 25:23
  So please subscribe 3 three rings of the gong.
• 25:26
  Listen to it resonate. The golden gong, OK, one of the
• 25:39
  coolest things in the world about gold and silver, yeah, is
• 25:44
  that it is decentralized. It is valuable everywhere in the
• 25:48
  world. It's been valuable everywhere in
• 25:52
  the world. And it's been valuable all time
• 25:56
  through the world, right? Thousands of years everywhere in
• 25:59
  all time. One more time.
• 26:04
  OK, I don't know if you guys thank you Susie.
• 26:07
  I don't know if you guys heard that, but Susie's been very
• 26:09
  active. Everybody say hi to Susie.
• 26:11
  I'm the chat upstairs. Susie, she would like me to say
• 26:16
  hello to some people, so I'll do that in a second.
• 26:17
  But she would also like me to pull up the gold and silver
• 26:20
  price because I'm not looked yet today.
• 26:23
  And let's do that live and we will go out to CNBC.
• 26:28
  What? No, no, no.
• 26:31
  That's the other day. Sorry.
• 26:32
  Hold on here. That's the other day, I think.
• 26:35
  Yeah, that's the other day. That's got to be the other day.
• 26:39
  Is that right? No, hold on, guys.
• 26:41
  We're pulling up the gold price. Sharing the wrong screen.
• 26:44
  Here we go. Now we're on the right screen, I
• 26:47
  think. What?
• 26:49
  This is gold. What?
• 26:52
  Gold is up $64 per oz. Are you kidding me?
• 26:56
  Can you guys see that? I think you can.
• 26:58
  Yes, you can. 3000, this is the December futures contract.
• 27:03
  Whoa, $3770. All right, let's go look at
• 27:09
  silver. Oh, my gosh, I'm afraid.
• 27:13
  Hold on here. And I got to share the right
• 27:15
  screen, which I'm doing. OK, guys, let's look at the
• 27:18
  silver price. No way.
• 27:20
  Wow, silver is up a dollar. Let's refresh this to make sure
• 27:26
  this is right. Hold on.
• 27:30
  I got to call Susie and ask her something.
• 27:32
  Susie, I need you to bring my blood pressure medicine down
• 27:34
  here immediately. She's like, no, go ahead.
• 27:41
  OK, guys, silver's up $1.20 per oz Unbelievable.
• 27:46
  Let me tell you something, you deserve it.
• 27:48
  OK. And though for those of you who
• 27:50
  are new, welcome to the club, OK?
• 27:52
  Welcome to the world of silver and gold.
• 27:54
  Welcome to the world of non Fiat investing.
• 27:56
  You're welcome here in the basement.
• 27:58
  But for those of you who've been at this for years, even decades,
• 28:02
  like me, good job. OK, look, it's not going to be
• 28:06
  straight up either. I don't want to be a Debbie
• 28:07
  Downer on a big Green Day, no doubt about it.
• 28:09
  But don't forget nothing does go straight straight up and what's
• 28:14
  so cool about what's happened with gold and silver over the
• 28:18
  last I'll just pull up the chart here real quickly guys, cuz this
• 28:21
  is critical for us to remember and understand what's happened
• 28:26
  and the same is true with gold, but we'll do it with the silver
• 28:29
  chart in this is mega powerful. Let me make that OK, here we go
• 28:35
  and I'm going to Draw Something on here that you can feel really
• 28:40
  warm and fuzzy about. If we go back five years, this
• 28:44
  is the silver price. This did not this has happened
• 28:48
  really you could go all the way back to when.
• 28:50
  This is 3 years ago. Why is that not working?
• 28:55
  There we go. Three years ago, we've had a
• 28:58
  pretty slow, steady increase. Look, don't forget, look at
• 29:03
  that. Right up and down, up and down,
• 29:05
  up and down, up and down. That's not going to stop.
• 29:07
  But what's critical? Yeah, shoot, hold on here.
• 29:11
  What's critical, I'm going to draw that line again for us to
• 29:14
  see is that what what we have not seen during this period is
• 29:19
  this, we didn't see the price go like a spike, right?
• 29:23
  The squeeze, the silver squeeze, blah, blah, blah, blah.
• 29:25
  Because every time it shoots up like that, it will always come
• 29:29
  back down again. Why we can be a super optimistic
• 29:33
  about that is we have seen this, which I would call this is
• 29:37
  Iran's basement. This is something else basement
• 29:40
  dwellers have an exclusivity on. We've not seen a silver squeeze.
• 29:45
  What we've seen and what we want to continue to see is a silver
• 29:50
  squeeze, a long drawn out squeeze, one that that that that
• 30:01
  isn't a spike up, but instead is a consistent upward trend in the
• 30:07
  silver price and the gold price because you deserve it.
• 30:10
  And I think that's what we're going to have.
• 30:11
  I'm going to say hi to 10 people.
• 30:13
  So happened and in the comments, tell me where you're from and
• 30:17
  I'll do my best to keep up with this.
• 30:19
  It's very difficult. We've got almost 800 people now
• 30:22
  on this live stream, no audio. Uh oh.
• 30:27
  Hopefully my audio should be on Texas.
• 30:31
  OK, Rios. Hello, Texas.
• 30:34
  You can hear me. Susie says she can hear me.
• 30:36
  Canada. Mark.
• 30:38
  Hello. Squeeze.
• 30:39
  Jerry from the UK, United Kingdom.
• 30:41
  Two people from the UK. Conraca.
• 30:44
  Mark from Ontario. Frank BS from Nebraska.
• 30:47
  Tiger Martinez from Wyoming. Steven Brown, Anthony Neal from
• 30:53
  Ventura, CA. I can't read all these.
• 30:57
  Drake from Alabama. Gene from Munster, Texas,
• 31:00
  Sweden. Goldenberg.
• 31:02
  Hello my friend. South Carolina, India.
• 31:05
  Hello. Shaquille.
• 31:06
  Steve Atchinson from Scotland. I have a good friend in Dundee.
• 31:10
  He runs the soccer team there. The Dark Blues.
• 31:13
  I think they're called Manitoba. Jim Green from Long Long Island,
• 31:17
  a football team. They're called the Dundee Dark
• 31:19
  Blues, I think anyway. Audi from Hong Kong, New
• 31:22
  Zealand. Holy moly, Florida in the United
• 31:26
  States of America. Kent, WA Richard Boland, Jerry
• 31:29
  from Dundee. Dundee.
• 31:31
  What? Kate yeah, my buddy I grew up
• 31:35
  with, he's the president of the Dundee Dark Blues, I think
• 31:37
  they're called. Anyway, Shaquille Shaka okay.
• 31:40
  Paul Lemoyne from Canada. Wow.
• 31:43
  Tiger Martinez Alright, guys, have a great day.
• 31:46
  Let's keep it up, OK? You are important.
• 31:49
  You are the most important part of this community.
• 31:52
  I appreciate you being here. Please don't forget.
• 31:55
  Give this video a thumbs up, share it, subscribe.
• 31:58
  All that great stuff. Thank you, thank you, Thank you
• 32:01
  on behalf of myself and Susie. Have a great day and we'll see
• 32:04
  you soon. I didn't end it.
• 32:19
  We're still here. You know what?
• 32:21
  For those of you stuck around. OK, Did I end it?
• 32:28
  Nope. The browser I don't know that it
• 32:34
  ended.