Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / SILVER STACKERS 🚨 IT'S Happening! 🚨 -- GOLD & SILVER Prepare for THIS!

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SILVER STACKERS 🚨 IT'S Happening! 🚨 -- GOLD & SILVER Prepare for THIS! · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  $36 silver, $26 silver, one of those numbers will come next.
• 0:08
  But guys, are you feeling it like I'm feeling it?
• 0:11
  We had a huge week in the silver market.
• 0:13
  We are on the precipice of a potential major move and in this
• 0:18
  video I'm going to show you why. Look, one of those prices will
• 0:23
  happen first, either 36 or 26. I think we know which direction
• 0:28
  silver and gold for that matter, are heading.
• 0:32
  Let's dig in. First, I want to say thank you
• 0:34
  for joining me here. It's early on a Saturday morning
• 0:37
  and you are important. Yes, you right.
• 0:40
  You're an individual. You're part of the YouTube.
• 0:42
  You're part of the basement. You're a basement dweller.
• 0:45
  Thank you for being here. Please give this video a thumbs
• 0:47
  up. You can subscribe to the channel
• 0:50
  Super Chat. Super thanks are never expected,
• 0:53
  but always greatly appreciated. Let's go take a look at the
• 0:56
  chart of the silver price and see why we're feeling so
• 1:00
  optimistic right now when we look at the precious metals.
• 1:04
  Here's a one year chart of silver.
• 1:07
  As you can see, back in May we got up to around $32 per oz.
• 1:13
  Again, all around the July time frame, we popped up around
• 1:16
  $31.00 per oz. Then again, alright, just what
• 1:20
  at the end of September a couple weeks ago got up near 32.
• 1:24
  It appears that we've broken through.
• 1:26
  Now this is a one year chart that shows the daily closes in
• 1:30
  silver. All right, you can see a lot of
• 1:32
  other things. I won't get the Crayolas out,
• 1:34
  but as you look at this chart, you can see over the last year
• 1:38
  from the bottom left to the upper right, we've had a strong
• 1:41
  uptrend, but it gets really interesting if we switch over to
• 1:45
  a two year chart. Now this shows prices at the end
• 1:49
  of the week, the weekly close again, right?
• 1:53
  We see the strong upward trend. But when we look at the weekly
• 1:56
  close, according to what I'm saying here, let's break out the
• 2:00
  crayons, basement dwellers, because this is good news for
• 2:03
  us. When we look at the weekly close
• 2:06
  level and we draw a line across, right, Sure, we bumped up in
• 2:11
  May, we bumped up in July, but doesn't it sure look like upper
• 2:15
  left corner, the futures market for silver closed at $32.45.
• 2:21
  Like we broke through, right? This was the the triple top.
• 2:25
  And remember, look, we're not super chart technical analysis
• 2:29
  people. There's other people that do
• 2:31
  that much better. But we do know some of the
• 2:33
  fundamentals, right? Basement dwellers, of course we
• 2:35
  do. One of which is triple tops are
• 2:39
  very rare, meaning for silver to go up to that level once up to
• 2:44
  that level twice up to that level for a third time and not
• 2:49
  break out is very, very unusual. And it appears, right, we'll see
• 2:54
  what happens next week, but it appears we are breaking out.
• 2:58
  Are we on the verge of now? Let's go look at gold real
• 3:02
  quickly because these metals are just amazing lately.
• 3:05
  I mean, they are so resilient. It's everybody's waiting for a
• 3:10
  correction for a correction, but it's just not happening.
• 3:13
  Gold in the futures market, $2673.
• 3:18
  But guys, it does it just feel like to you, man, it's
• 3:23
  unbelievable. There's a two year chart of
• 3:25
  gold, but let's look at like a six month chart of gold.
• 3:29
  Oh, even that I mean gold every time you think or silver that
• 3:35
  it's going to get beat down and it does, it just comes fighting
• 3:38
  right back. Let's talk about FOMO.
• 3:40
  You know what FOMO is, right? Hey, thank you for the Super
• 3:43
  sticker, mud. Appreciate that my friend.
• 3:46
  Let's pull you up there and say hello.
• 3:48
  Hello mud FOMO fear of missing out.
• 3:54
  Are we on the verge of FOMO in silver in particular?
• 4:00
  A lot of people miss the gold rally, right?
• 4:03
  So if they see silver starting and we got it, we got a ton of
• 4:07
  reasons why, right? But if these people that saw
• 4:11
  gold take off start to see silver take off, they there
• 4:15
  could be a mad rush into the silver market.
• 4:18
  I think this picture sums it up very, very nicely.
• 4:23
  This comes from our friend Make Gold Great Again and it shows.
• 4:28
  Take a look at this picture. There's silver demand.
• 4:31
  On the left hand side, the warriors, OK, there's the city.
• 4:35
  On the other side, there's the Moat, he says $32.75 silver.
• 4:41
  I'm, I'm telling you, once we breakthrough that river on the
• 4:45
  other side is the FOMO. We are going to see people
• 4:48
  rushing into the silver price, people that don't want to miss
• 4:52
  out and there's just not going to be any sellers.
• 4:55
  There just won't be any sellers. Now look, you know, I could be
• 4:59
  dead wrong about this, but why wouldn't there be any sellers?
• 5:04
  We got to remember critical reason why there'd be very few
• 5:08
  sellers of silver up above 3234. Thirty $6 per oz.
• 5:14
  Because guys, they're just aren't.
• 5:16
  Do you know anybody that bought silver when silver spot price
• 5:20
  was $38.00 an ounce? Right?
• 5:23
  No, there's hardly any people. But silver has only been up this
• 5:27
  high for very short periods of time really in the history of
• 5:31
  silver. So there aren't a ton of people.
• 5:34
  Think about this. If you'd bought a boatload of
• 5:36
  silver when it was $38.00 an ounce and you bought it back in
• 5:40
  the 80s or the 7980 when it was going up, or you bought it in
• 5:44
  2011, you thought you had FOMO. You don't want to buy silver or
• 5:49
  gold when FOMO fear of missing out is going on.
• 5:52
  But if you had bought a big giant 5 monster boxes of, of
• 5:59
  American Silver Eagles or whatever back during that period
• 6:03
  when silver was at $38 per oz, in all these years, you watched
• 6:08
  it silver go down to 16122223, you'd be waiting.
• 6:13
  You'd be telling your significant other if silver ever
• 6:16
  gets back to $38, I'm going to sell.
• 6:19
  And the point there is the big, the important thing to remember
• 6:22
  is there just aren't many people who bought silver at that level.
• 6:27
  So there won't be a a big supply of new silver coming onto the
• 6:31
  market. Sure, they'll be some supply,
• 6:33
  but nothing crazy, nothing big. OK, There were a lot of people
• 6:37
  who had bought silver at 282930, right?
• 6:41
  And all those people that were waiting for $30 silver, they've
• 6:46
  already sold. Bye bye.
• 6:47
  You know, good for them. Everybody's free to make their,
• 6:50
  but they're gone. So now as we move forward, we're
• 6:53
  in a potential situation where we could see less supply of
• 6:57
  silver, less sellers coming onto the market, not to mention that,
• 7:04
  right, that we know what's going on at the COMEX in the LBMA.
• 7:08
  We know, right, that those paper phony markets have artificially
• 7:14
  suppressed the price of silver and gold to a certain degree for
• 7:19
  decades. But especially with silver,
• 7:22
  there's a massive short position.
• 7:25
  Is whatever all the big guru say, still a big short position
• 7:29
  in the silver market. And man, guys, think about this
• 7:32
  once, once we get over that river, once we get silver, the
• 7:36
  silver price up to $3839. What do you think?
• 7:40
  Those investors? I'm feeling kind of nervous this
• 7:44
  morning myself, But those guys at JP Morgan and Gold, Goldman
• 7:47
  Sachs, the big banks that have all this short position on
• 7:51
  silver, if indeed they do, they're going to, they have to
• 7:55
  buy the silver back. They have to cover their shorts.
• 7:58
  So it could be on so many levels, a slingshot move, all
• 8:02
  the shorts having to cover the big money, the bank shorts
• 8:07
  having to cover buy back. OK, all the people, the average
• 8:11
  people that are going to fall into the FOMO fear of missing
• 8:15
  out routine, I mean, and then the the fundamental supplies.
• 8:18
  It could be a very, very interesting crazy time.
• 8:22
  Happy time for us basement dwellers in the silver market.
• 8:26
  By the way, thank you for being here today.
• 8:28
  You are the most important part of the basement.
• 8:32
  It really raises my spirits to see you and I hope you feel the
• 8:35
  same way. You're always welcome here.
• 8:36
  You're always part of the group. Call yourself a basement dweller
• 8:39
  if you please. But the most important part is
• 8:41
  we want you to feel welcome. You are welcome.
• 8:44
  We're we're in the basement because we like to dig a little
• 8:47
  deeper and, and look at what's going on.
• 8:49
  And we are so excited about what's happening right now in
• 8:53
  the precious metals market. OK, silver, the other big and
• 8:57
  gold, this is the other. This is what happened yesterday
• 9:02
  is a big deal, is a huge deal. OK, let's go out to channel
• 9:07
  sponsor Pembacs. But I want to tell you why what
• 9:10
  happened yesterday in the gold and silver markets is a big
• 9:14
  deal. There we have gold up a dollar
• 9:15
  $32,657. Think about where gold was a
• 9:21
  year ago. Silver $32.25.
• 9:26
  Guys, a year ago silver was fighting for $20 per oz.
• 9:31
  Unbelievable. Where are we going to put?
• 9:32
  Why was yesterday such a huge deal for silver and gold
• 9:38
  investors? Because yesterday was a big
• 9:40
  deal. We got unbelievable, and that's
• 9:45
  an understatement. Jobs numbers from the Bureau of
• 9:49
  Labor and Statistics, also known as the WWE, the World Wrestling
• 9:53
  Federation of the World. I mean, I'm telling you, I think
• 9:57
  that that the professional wrestling at this point is more
• 10:01
  rooted in reality than the data that we get from the Bureau of
• 10:05
  Labor and Statistics. But that's just my opinion.
• 10:08
  I'm sure there's some fine people who work there, but
• 10:11
  supposedly the economy created 250,000 jobs.
• 10:14
  And. Oh, do you think that had that's
• 10:17
  just a coincidence that that was like the last big report to come
• 10:21
  out one month before the presidential election?
• 10:24
  I'm sure that had nothing to do with it whatsoever.
• 10:28
  They wouldn't have. No.
• 10:30
  Do you think they wouldn't have wanted to make the economy look
• 10:33
  strong? Because remember, biodynamics,
• 10:36
  it's working. It's working great.
• 10:38
  Yeah. If you're part of the top 1%.
• 10:40
  I digress. But what happened yesterday?
• 10:43
  Why? What's the reason why?
• 10:46
  What happened in the gold and silver market yesterday is such
• 10:49
  a big deal? Because gold and silver did not
• 10:53
  crumble, did not crash. We predicted that the number
• 10:57
  would be great. I mean, it was pretty obvious
• 10:59
  that we're going to fudge the number.
• 11:00
  And we have talked ad nauseam about how now, next month and
• 11:04
  next year they'll come back and say, oh, that number we reported
• 11:07
  a month before the election, it was off by about 150,000 jobs.
• 11:12
  Nonetheless, we predicted what would happen.
• 11:17
  The, the, the reaction from gold and silver is critical because
• 11:22
  what it demonstrates to us is the fact that gold and silver
• 11:27
  number one, don't believe the hype.
• 11:30
  Don't believe the hype. Remember that song anyway #2 I'm
• 11:34
  forgetting #2 because I'm getting older.
• 11:36
  I can't remember all this stuff. They don't believe the hype and
• 11:40
  #2 well, you know, gold and gold and I know #2 gold and silver
• 11:49
  are, are demonstrating that they have, they are decoupling from
• 11:53
  the traditional relationships that we are in an absolute new
• 11:57
  era for the metals. Next week we can see silver
• 12:01
  continue. Next week for silver, silver,
• 12:04
  silver warriors, silver soldiers, silver soldiers.
• 12:09
  This is Sergeant Ron from Ron's basement.
• 12:12
  Next week is massive for us. OK, If next week I'm sitting
• 12:19
  here talking about 33, fifty, $34, even above $32 silver,
• 12:25
  that's a big, big, big, big deal.
• 12:29
  OK, look, the reality is we could be talking about $2829
• 12:33
  silver next week. I don't think that's going to
• 12:34
  happen, but it certainly is within the realm of
• 12:37
  possibilities. That's why we got to be prepared
• 12:39
  for anything. But if silver continues upward,
• 12:42
  it's going to be a big deal. It's going to have those boys at
• 12:46
  the LBMA, the London Billion Market Association over in
• 12:49
  London, England. Yeah, the boys who have
• 12:51
  manipulated the metals prices, the LME, the London Metals
• 12:55
  Exchange for decades, They're they're, they're going to be,
• 12:58
  we're going to send them a box of Depends diapers.
• 13:01
  Remember what happened in the nickel market about a year and a
• 13:04
  half ago? Guys, the nickel market broke
• 13:08
  the nickel, you know, nickel, the metal nickel, OK, it broke,
• 13:11
  it exploded. It had a squeeze.
• 13:14
  It was a big, they had to shut the market down for like 5 days.
• 13:17
  That same thing can happen in the silver market.
• 13:23
  And those boys and girls at the LBMI, but also Comax,
• 13:28
  COMEXCOMEX. Yeah, right, right, right.
• 13:32
  Those Crimex, I think coin shop, Chris calls it, right.
• 13:36
  They're gonna be. They're gonna be having to check
• 13:39
  their pants because I'm telling you what, it can get ugly and it
• 13:42
  can get ugly very, very quickly. Remember silver squeeze, short
• 13:47
  squeeze, right? I know we don't talk about it
• 13:50
  that much, but it absolutely can happen.
• 13:53
  Am I saying it's going to happen next week?
• 13:54
  I don't know, right? I think they're obviously
• 13:57
  statistically there's a slim possibility, but it can
• 14:00
  definitely, definitely happen. And we know there's a lot of
• 14:04
  reasons why. Join me in a quick sip of
• 14:06
  coffee. Thank you, guys. 500 of us on a
• 14:09
  Saturday morning. Let's go see what a what one of
• 14:19
  the top analyst in the world is saying about silver.
• 14:23
  This is about silver, OK, But he also is talking about gold.
• 14:26
  This comes from our good friend, friend of the channel.
• 14:30
  Well, I've never met him in person, so I'm, I'm fibbing
• 14:33
  there. But a guy that I really like and
• 14:35
  I love his work at Kitco. A good friend, Neils Christian
• 14:40
  says despite near term consolidation, gold still on
• 14:44
  pace to hit $3000 in 2025. That's from Saxobank and that's
• 14:49
  from Ole Hudson, and that's by Neils Christensen over at Kitco,
• 14:55
  and there's some pretty gold. O Hanson, head of commodity
• 15:00
  strategy, excuse me, at Saxo Bank, has been bullish on gold
• 15:06
  and silver since the beginning of the year.
• 15:09
  In his Q4 outlook, he noted there's no reason to change the
• 15:12
  perspective just yet. He talks about silver, two guys,
• 15:16
  and you're going to like this, He says.
• 15:17
  We forecast further upside for gold by year end and into 2025,
• 15:23
  when the yellow metal could potentially reach another
• 15:26
  psychological mark of $3000. He said in his report, $3000
• 15:32
  gold by Christmas. Well, year end, we'll see if
• 15:38
  that works out. But supported by a stabilizing
• 15:42
  industrial metal sector, silver could potentially perform even
• 15:46
  better, particularly given its relative cheapness compared to
• 15:51
  gold. This could see it target $40
• 15:55
  next year. Suddenly, are you noticing
• 15:57
  something? Even Citibank, we talked about
• 16:00
  that right now we've got Saxo Bank.
• 16:03
  Suddenly everybody's talking about $40 silver.
• 16:07
  Huh, Interesting. Representing a conservative
• 16:10
  estimate of the gold to silver ratio at 75 versus the current
• 16:15
  level of around 83. Despite his bullish outlook,
• 16:20
  here's the bad news. The bad news is always in red.
• 16:23
  In comments on social media, Ole Henson said he expects to see
• 16:27
  some consolidation in gold in the near term as speculative
• 16:31
  bullish positioning remains at its highest level in four years.
• 16:35
  So basically what he's saying is a lot of retail investors in
• 16:39
  general are shying away from gold because the price is so
• 16:44
  high. And then a lot of the recent
• 16:45
  move and support in the gold market, this is gold can be
• 16:50
  attributed to like the futures market, electronic gold binds
• 16:55
  speculators. OK here quote After hitting a
• 16:58
  succession of fresh record highs following a surprisingly large
• 17:01
  US rate cut, prices are showing signs of stabilizing.
• 17:06
  I said in a recent note to Kitco News quote, some degree of
• 17:08
  buying fatigue is starting to emerge.
• 17:10
  Again, this is gold, not silver, raising the question of whether
• 17:13
  we are approaching a long overdue consolidation or perhaps
• 17:18
  even a correction. According to my estimates, the
• 17:22
  price could fall by 4 to 6% without damaging the overall
• 17:27
  bullish sentiment, particularly since most of the supportive
• 17:30
  drivers are unlikely to disappear anytime soon.
• 17:35
  Then, he says despite the growing downside risk, Hanson
• 17:38
  said the market remains well supported as the Fed begins its
• 17:41
  new easing cycle. Excuse me?
• 17:44
  He also noted that investors are starting to move back into gold.
• 17:47
  Back back into gold backed exchange traded funds.
• 17:54
  Guys. The ETF demand is starting to
• 17:57
  pick up as interest rates fall, lowering the precious metals
• 18:04
  opportunity cost. Let's get back here.
• 18:10
  Big, big take away from that article is one thing, OK, one
• 18:15
  big thing. ETF demand for gold is starting
• 18:19
  to pick up. Number two, big take away,
• 18:22
  Silver is so undervalued, so underpriced.
• 18:26
  Citibank is saying it. Citibank, right?
• 18:29
  Ole Hansen, right? And he's not an Ultra Bowl.
• 18:32
  He's talking about gold potentially going down by
• 18:34
  $100.00 an ounce, but he's talking about silver heading up
• 18:39
  into the $40 range. This is this is crazy
• 18:44
  interesting. This this next.
• 18:47
  Oh, wow. Hey, Silver Surfer, thank you
• 18:50
  for the Super chat. Let's see, just watched.
• 18:52
  Just wanted to say I ended up in the hospital, but watched your
• 18:55
  channel every day and still do. Oh, man.
• 18:59
  Well, Silver Surfer, our prayers go out to you, our fellow
• 19:02
  basement dweller. That's touches my heart, right?
• 19:05
  You were in the hospital and watching us.
• 19:07
  So get well soon, brother. We love you.
• 19:09
  There's a lot of great people here.
• 19:11
  We'll all be thinking about you, praying for you if we pray,
• 19:14
  whatever people do. But man, thank you.
• 19:17
  Thank you for that nice comment. That really touches me.
• 19:21
  I think one of the smartest people in the room when it comes
• 19:24
  to what's going on with gold and silver is a guy named Dave
• 19:29
  Earfley. He writes a a newsletter called
• 19:31
  The Junior Mining Mining Junkie and he sends out a weekly e-mail
• 19:36
  and it's long and it's good, but I have 3 paragraphs that I want
• 19:40
  to read to you from his weekly e-mail that I think really sum
• 19:45
  it up. Did you guys notice something
• 19:46
  new here in the basement? By the way, anybody notice a new
• 19:51
  stuffed animal anywhere? Does it feel like to you there's
• 19:55
  an elephant in the room? What is the elephant in the
• 19:59
  room? Right, the US national debt.
• 20:02
  Look around for an American flag and see if you see an elephant
• 20:05
  because it's the elephant in the room.
• 20:07
  I'm never going to repeat that again.
• 20:08
  That's exclusive for all almost 600 of you that are on this live
• 20:12
  stream this morning. There's an elephant in the room.
• 20:15
  Let me see if I can find it. Oh, there it is, right next to
• 20:19
  the American flag. Wait till you hear the
• 20:22
  brilliant. Right, the brilliant reason why
• 20:25
  Dave Earfley talks about why we need to be concerned.
• 20:29
  OK, we're going to get to that next.
• 20:30
  I forgot. I want to say thank you.
• 20:32
  There's one reason why, or one of the big reasons why we get to
• 20:37
  get together like this in the basement.
• 20:38
  Welcome to the basement. Remember, we only let 800 people
• 20:42
  into the basement. After that, the door gets
• 20:44
  locked. But it's made possible by our
• 20:47
  channel sponsors. Bimbex has sponsored us here
• 20:50
  guys for over a year. What makes me feel really good
• 20:54
  are the emails that I get from basement dwellers telling me
• 20:59
  what a great experience all of you have had with PMBEX.
• 21:03
  Right? That was my experience.
• 21:04
  But it's important for you to have your own experience.
• 21:07
  Do your own due diligence, check prices, whatever.
• 21:10
  But what I've always found with PMBEX is ultra competitive
• 21:14
  pricing, great selection and what's really paramount is that
• 21:18
  it's a company that I trust. I know the owners, I've become
• 21:22
  very friendly with them over the last year, great quality people.
• 21:25
  So I feel 100% saying I think Pembex is best and I believe
• 21:30
  that if you give them a shot, you will too.
• 21:33
  Now let's go. Let's say hi to each other, man
• 21:37
  600 people. It's early on a Saturday.
• 21:39
  We must. Hey, do you think maybe we love
• 21:41
  to talk about our gold and silver?
• 21:43
  Let's get out the Dave Earthly and listen to what he says
• 21:46
  because this is just crazy interesting.
• 21:50
  And now I can't. Where did I put it?
• 21:52
  Oh, no, Oh, no. Oh, there it is.
• 21:56
  Here we go, guys. Junior Mining Junkie.
• 21:59
  That's the name of his newsletter.
• 22:01
  Nothing venture, Nothing gain. Oh, there's the elephant in the
• 22:04
  room. Here you go, kid.
• 22:06
  Right. There's Uncle Sam handing over
• 22:11
  the national debt to some of our younger Americans.
• 22:14
  Actually, it's really very, very sad thing.
• 22:17
  Gold and silver are rising exponentially along with the
• 22:22
  government debt. You can sign up for this e-mail.
• 22:25
  I would highly recommend it's Kitco commentary.
• 22:28
  Here's the author's name, David Earthly Junior mining junkie.
• 22:33
  But and I give no, I'm not sponsored by it or anything.
• 22:36
  I'm not no interest in telling you about except that it's great
• 22:39
  information. And this is where it gets
• 22:41
  interesting. Rising gold prices to all to all
• 22:45
  time highs in all major currencies is a sign that
• 22:49
  something is amiss. Something is going on all right
• 22:53
  while the safe haven metal responds to geopolitical
• 22:56
  tensions and the massive increase in money supply and
• 23:01
  debt payments, forcing central banks to lower interest rates
• 23:06
  despite and this is critical guys, why did the Fed lower
• 23:10
  interest rates if we're not in an we're not in an in a
• 23:14
  recession according to the Fed and they hadn't won the war on
• 23:19
  inflation isn't that interesting why did they lower interest
• 23:23
  rates OK, think about that for a second with rising interest
• 23:27
  payments, rising interest payments increasingly consuming
• 23:31
  the beneficial effects of an increase in government spending.
• 23:35
  This is the most plausible plausible rationale for Fed rate
• 23:39
  cuts as real inflation remains well above it's mandated 2%
• 23:45
  target. Especially when you consider
• 23:47
  that this is crazy. I didn't, I did not know this.
• 23:50
  70% of the national debt consists of accumulated interest
• 23:56
  expenditures. That means, oh boy, we got to do
• 23:59
  it. Hold on here and then we'll come
• 24:00
  back. My computer knows where I want
• 24:04
  to go. These things are getting smart.
• 24:06
  Let's look at the debt clock that and remember I jumped by
• 24:10
  just like in one day, 230 trillion or something the other
• 24:13
  day. This #35 trillion dollars, 70%
• 24:17
  of that number, according to what if I read that correctly,
• 24:21
  is the result of this, the interest expense, the almost $1
• 24:25
  trillion a year that we're paying right now in interest
• 24:28
  expense per year that we get nothing for.
• 24:32
  But again, remember, that number feeds into this number, the US
• 24:37
  federal budget deficit, which then increases the national
• 24:41
  debt. And what I had no idea, right,
• 24:44
  70% of our national debt is, is made-up of previous year's
• 24:50
  interest expense. I mean it.
• 24:52
  That's why that's why we can confidently call this.
• 24:59
  Let me look you in the eyes. We can confidently call this a
• 25:03
  debt spiral, a debt Whirlpool, a debt quicksand.
• 25:08
  I don't know, a debt poop show, whatever you want to call it.
• 25:11
  All right, let's get back to Dave, because this man what
• 25:15
  great. And this is.
• 25:16
  I don't know, I get so excited about this stuff.
• 25:18
  OK, I didn't sit down. Take a deep breath everybody.
• 25:23
  US inflation is up 70% from the year 2000 to the year 2024.
• 25:31
  I was thinking about that the other day.
• 25:34
  I remember the year 2000 because I, I owned it about the time I
• 25:37
  was working in, but it and I also owned a tech IT consulting,
• 25:42
  little small IT consulting firm and I did executive recruiting
• 25:46
  in the IT field. And I remember the year 2000.
• 25:49
  I remember what things cost. Remember I bought a, a brand new
• 25:53
  Nissan Pathfinder 4 by 4. I think it cost like $24,000.
• 25:59
  And I'm thinking that same car equivalent today, I mean would
• 26:02
  be like 60 or 70. I mean, it's crazy inflation,
• 26:06
  right? And what is inflation, right?
• 26:08
  It's the loss in value in our dollars.
• 26:10
  But it's up 70% from 2000 to 2024.
• 26:15
  Quick story too. I remember I had that brand.
• 26:18
  I bought the brand new Nissan Pathfinder.
• 26:22
  It was a great car made in Japan anyway and I and I remember and
• 26:25
  I lived like 30 miles from my office at the time, which is
• 26:29
  always a mistake. You always want to live close to
• 26:31
  where you work. But nonetheless, I remember
• 26:34
  stopping on Hwy. 30 in Saint Louis at a gas station to fill
• 26:37
  up with gas right after I bought it cuz the darn thing only got
• 26:40
  like 16 miles to the gallon. And I remember thinking I
• 26:44
  couldn't believe how much gas went cuz I had a Honda Del Sol
• 26:47
  before that that there was like 18 gallons of gas that I put in
• 26:51
  this car. But I remember looking at the
• 26:53
  gas price and it was like 98 cents.
• 26:55
  I thought well gas is only less than a buck a gallon.
• 26:59
  I mean, that was not that long ago, guys, right?
• 27:02
  24 years ago. I mean, and gas is quote UN
• 27:05
  quote cheap right now. We feel like at $3 they really
• 27:08
  brainwash us. OK, no more stories.
• 27:11
  I'm going to get right to it. US inflation up 70% while gold
• 27:17
  is up 679% to suggest that inflation is not the problem.
• 27:23
  Instead, it's monetary and debt growth that spawned a huge
• 27:29
  everything bubble. the US federal debt is up 644% since
• 27:35
  2000. OK, so inflation's up 70%, but
• 27:39
  the debt is up almost exactly the same amount as the gold
• 27:43
  price. OK.
• 27:44
  And it has taken $1.64 of new debt to purchase a $1.00 of GDP
• 27:52
  during this time. So what he is saying, and we've
• 27:55
  got a chart I can show you right now hold on that it's that shows
• 28:00
  exactly what Dave is saying is that it's debt growth, right?
• 28:03
  And it and that is like nothing. It's make believe it's paper.
• 28:06
  It's it's money growth out of nowhere out of nothing because
• 28:10
  the money is not tethered to gold and silver anymore.
• 28:14
  You know, President Nixon took care of that for us in 1971.
• 28:19
  But do you want to see, do you want to see?
• 28:21
  And that's the reason why they just make money, make more debt,
• 28:24
  make more debt, make I don't know where.
• 28:26
  Hey, babe, you know, Unicorn fart dust.
• 28:31
  We can make all we want, right? Remember Ben Bernack saying that
• 28:37
  Ben Bernanke? I remember like, oh, we can just
• 28:39
  print money whatever we want. Well, let's see what happens
• 28:42
  when they do that. This chart just completely
• 28:47
  demonstrate it's one of my new favorite charts, Tarts charts.
• 28:51
  It's right over there, right over there.
• 28:54
  Hey, everybody, I'm on the side of the screen.
• 28:55
  I shrunk gold and debt. The black line is the public
• 29:02
  debt of the United States of America, right?
• 29:05
  Hold on. Where is he?
• 29:07
  Right there. The elephant in the room.
• 29:10
  See the elephant next to the American flag?
• 29:14
  That's the debt. The yellow line, Well, you
• 29:17
  guessed it. Basement dwellers.
• 29:19
  That's the gold price. Do you see a relationship?
• 29:23
  Right. That's from 1966 between the
• 29:26
  gold price and the current debt levels.
• 29:28
  And the same is true for silver. These prices are only gonna keep
• 29:32
  going up. OK, The value, the, the, the,
• 29:35
  and we shouldn't even do it. Oh my gosh, We got, it's been 8
• 29:41
  1/2 weeks since we talked about this critical, critical point
• 29:45
  for us as silver. And maybe you're a gold stacker
• 29:48
  as well. This came from our friend Coin
• 29:50
  Shop Chris, who, by the way, has his own channel now.
• 29:53
  You can check that out on YouTube.
• 29:54
  Coin Shop Chris. This we don't.
• 29:57
  Why are we even? I'm sorry.
• 29:59
  I owe you an apology. All I talk about is silver price
• 30:03
  measured in dollars. OK.
• 30:05
  A fundamental key for us all to remember is silver and gold.
• 30:09
  Think about Oz. Think about it in terms of Oz.
• 30:14
  Think about it. You can think about this in
• 30:16
  terms of dollars, right? And most of us do, but it's also
• 30:21
  very critical. Think about this in terms of
• 30:23
  gallons of gasoline, right Now this, think about it in Saint
• 30:28
  Louis where I live, gas is like 3 bucks a gallon.
• 30:32
  This is 10 gallons of gasoline, 10 gallons, half a barrel of
• 30:39
  oil, a bushel of wheat, whatever.
• 30:42
  However, right, this is not $32. This is $10.00 of gasoline.
• 30:47
  What do you think it's going to be 10 years from now?
• 30:50
  I'd be willing to bet that this is still going to be 10 gallons
• 30:54
  of gasoline, 10 loaves of bread, whatever.
• 30:58
  However I want to think about it.
• 31:00
  Right. The three rib eye steaks.
• 31:03
  That's what we need to remember. I'm sorry I owe you a big pot.
• 31:07
  I'm really sorry. I'm not perfect, right?
• 31:09
  And I need your help guys. I do the best I can down here
• 31:11
  but whatever help you can give is always appreciated.
• 31:14
  I love your comments. I love everything.
• 31:17
  Hello Jake man, Jake was here. Jake from Jake's custom parts on
• 31:21
  Friday. We had a great live stream
• 31:22
  together. Great guy and he may even be
• 31:25
  coming through Saint Louis later today.
• 31:26
  So hopefully maybe I'll get the give my friend Jake.
• 31:29
  Jake's a very lovable, huggable guy and on all seriousness, he
• 31:33
  contributes a lot to this channel and he contributes a lot
• 31:37
  to the general overall silver and gold community.
• 31:40
  Friends with Andy Scheckman, Vince Lanchey, a lot of people,
• 31:44
  Chris Marcus. Good people hang with good
• 31:47
  people and Jake's definitely one of those good people.
• 31:49
  So is Annie Oakley the one and only, right?
• 31:52
  Thank you Annie. And so Big 10, the Silvershire
• 31:56
  and my lovely wife, Susie Silver Susie.
• 32:00
  OK, all right, here we go. So that's the deal.
• 32:03
  It's only it's going to be debt. If that's that will continue it.
• 32:07
  Guys, we're in good shape. We're in very good shape when it
• 32:10
  comes to silver. OK, let's take a look at silver.
• 32:13
  How do you think silver is performing all around the world?
• 32:16
  This gets interesting. And what is it telling us and
• 32:20
  what is the reason why this is happening to the silver price
• 32:24
  all around the world? We will go to hold on here.
• 32:31
  You guys don't want to see me take a little break from Ronnie.
• 32:35
  Nope. Wrong one.
• 32:37
  Where'd it go? Is this it?
• 32:38
  Nope. Nope, Nope, Nope.
• 32:40
  Here it is. Silver price all around the
• 32:42
  world. Ronnie Stoferly, he's the guy.
• 32:44
  I think he's in Switzerland. He's super smart.
• 32:46
  Writes the book. The What is it in gold we trust
• 32:49
  every year? Look at this chart.
• 32:51
  Silver price performance. This is all over the world.
• 32:55
  U.S. dollar, Australian dollar, Canadian dollar, CHF.
• 32:59
  Do you know what that is? I had no idea what it was.
• 33:03
  I'd heard of it, but I had to Google it.
• 33:05
  That's the Swiss franc. OK, CHFCNY is the Chinese yuan,
• 33:10
  the euro, the Great British pound in the Indian rupee and
• 33:14
  the Japanese yen. 2009, Look at these prices that went up.
• 33:18
  This is every year. Look at 2024, 34 percent, 34
• 33:23
  percent, 38% in Canada, 36 percent, 3435303540 in Japan.
• 33:32
  I was surprised, number one, just to see those numbers,
• 33:36
  right. We know that like from one year
• 33:39
  ago, silver's up 50%. But to see those numbers.
• 33:44
  But what really surprised me as well was the fact that how how
• 33:48
  close they all were. I would have thought some of
• 33:50
  these would have been much higher.
• 33:52
  And really the Japanese yen is the only one that that that that
• 33:56
  tops out at 40%. But what is that telling us?
• 34:00
  Why is the Japanese yen so overpriced, so much higher, so
• 34:04
  much a higher increase than the others?
• 34:06
  Well, the reason why, remember what we just talked about,
• 34:10
  right? The value of precious metals is
• 34:12
  very closely related to the elephant and the room, and the
• 34:15
  elephant and the room is debt growth.
• 34:18
  And when you talk about debt growth, when you talk about
• 34:22
  monetary and fiscal mismanagement, there is no
• 34:25
  better poster child in the world right now than our friends in
• 34:29
  Japan. They have screwed it up like
• 34:32
  nothing. They are.
• 34:33
  They print money by, they've monetized their debt.
• 34:36
  They are doing now what the United States will have to be
• 34:40
  doing sometime here within the next two years, three years,
• 34:44
  four years, two months, I don't know.
• 34:46
  But they're monetizing their debt.
• 34:48
  They're creating yen out of thin air to buy the government debt.
• 34:51
  And when they try to do anything, I want you to think
• 34:54
  about this when they try to do anything to fix that, right?
• 34:59
  Remember, what was that like 7 weeks ago on a Monday?
• 35:02
  The world you can't see me. Remember the Black Monday was I
• 35:08
  think in August, 6-7 weeks ago when the Japanese stock market
• 35:13
  dropped by 15% when they tried to do 1 little interest rate
• 35:18
  increase, it destroyed the entire world market.
• 35:23
  People were coming home from vacation, right?
• 35:25
  People were freaking right just because Japan, I think they
• 35:28
  wanted to raise their interest rate by like 1/4 of a point or a
• 35:31
  half of what the yen carry trade and whatever that shows us
• 35:36
  undeniably like Japan having that highest of all, highest of
• 35:42
  all. Let's go back one more time.
• 35:45
  Wrong chart Ronnie, there it is of anyone indisputable proof,
• 35:51
  right? The debt growth will fuel the
• 35:53
  price of the metals as we go into as we go into the the next
• 35:57
  year's and there's no way out. There's no way out.
• 36:01
  I know what you're wondering about.
• 36:02
  I know, I know. What's on your mind right now.
• 36:05
  Let's go take a look. We're going to go back.
• 36:07
  We're going to go back our daily field trip.
• 36:10
  I don't know why. I mean, I know you guys love
• 36:13
  this too. Debt growth.
• 36:15
  We looked at that already. Where is it?
• 36:18
  OK, guys, the dollar to silver ratio, it has been skyrocketing.
• 36:24
  We've been watching it for the last few weeks.
• 36:25
  It was at 500, then it got to 600 and we in in it over the
• 36:29
  last week, it's gone from like 640 now to 696.
• 36:35
  OK. That means for each one ounce of
• 36:39
  silver that the world will produce this year, the United
• 36:43
  States of America, it's like for one ounce of silver, for each
• 36:47
  one ounce that not the United States produces, but the world
• 36:51
  produces, for each one ounce, the United States will create
• 36:55
  almost $700.00 of M2 money supply.
• 36:59
  That's like all checking accounts, bank accounts, blah,
• 37:01
  blah, blah, blah, blah. That my friends, right, is debt
• 37:06
  creation. OK, this is debt creation, all
• 37:13
  right? And that absolutely,
• 37:16
  unequivocally, unequivocally results right in higher precious
• 37:22
  metals prices. We proved it here.
• 37:24
  Here's here's your proof right there.
• 37:29
  OK, looks like we got another super chat.
• 37:31
  Hold on here, guys. Did I get it?
• 37:33
  Oh my gosh, you guys are being super generous.
• 37:36
  Hey, Jake. Jake, man, after all you do?
• 37:39
  Yeah. You're the best.
• 37:41
  OK, Mr. Mudd. Thank you, Jake.
• 37:43
  All right. And Silver Surfer.
• 37:46
  I thought we had one more. There we go, $50 silver on
• 37:50
  basement. What's that say?
• 37:51
  Let's see what our what our community is saying here, $50
• 37:55
  silver sign on basement Christmas tree this year,
• 37:58
  please, David. Well, David, I have $44.00
• 38:02
  silver on the Christmas tree. Hold on, let's let's you guys
• 38:07
  want to see an update on the Christmas tree.
• 38:10
  Hold on here. All right, Silver Surfer, you
• 38:13
  feel better soon here guys, I'll slowly move you over to the
• 38:18
  Christmas tree. There's the Christmas tree and
• 38:23
  as you can see right there is a sign that says 44 dollars
• 38:28
  silver, which pretty much guarantees we'll get at least
• 38:30
  that. But I'll tell you what, my
• 38:32
  friend David, when we get to $50 or we get to 44 dollar, I'll
• 38:38
  definitely move it to $50. OK, All right, guys, hold on
• 38:44
  here. We got more, we got more.
• 38:46
  Let's go take a look at how about thousands of dollars moves
• 38:51
  in the gold price. We got a somebody who's who's
• 38:56
  giving us a chart, some information that indicates, and
• 38:59
  this is one of the best chartists that are out there
• 39:02
  that he believes we are on the cusp of a massive move.
• 39:05
  Guys, let's do you believe, I ask you a question, do you
• 39:11
  believe that we could see, let's say $5000 gold next year?
• 39:16
  Do you think we can see $5000 gold within the next three to
• 39:19
  five years? I understand it seems
• 39:24
  unthinkable to a certain degree unthinkable.
• 39:29
  But I'll give you one reason why you might want to just consider
• 39:33
  that it can happen if you're one of the doubters, OK?
• 39:37
  Because just look back at a chart of gold from 2001 through
• 39:41
  2011. Look at a chart of silver from
• 39:45
  2001 to 2011. Look at those charts during the
• 39:48
  70s when we had the exact same situation that we have now,
• 39:54
  except right when it comes to debt, when it comes to world
• 39:58
  geopolitical strife, the situation we have now is way
• 40:02
  worse, way worse, right? Don't forget, All right, there's
• 40:06
  an elephant in the room, guys. We got big trouble during those
• 40:11
  periods during 2001 to 2011, OK, which was really tame compared
• 40:18
  to what we have now. The silver price went from.
• 40:22
  $4.00 to 50 dollars, $5 to $50. What however you want to look at
• 40:26
  it, OK, these incredible moves definitely can happen right now.
• 40:31
  So we're going to look at a chart.
• 40:32
  Enough of me. Let's go out here to hold on a
• 40:40
  second hope we got to come back to we'll go here right now.
• 40:42
  This is from North Star Charts GOLD.
• 40:46
  It's happening. Ding, Ding, Ding, Ding, Ding,
• 40:49
  Ding, Ding, Ding, Ding. It's happening.
• 40:53
  A move up of thousands of dollars is now highly likely in
• 40:59
  the next three to five years. Again, this is another guy who
• 41:03
  is not a perma bowl, who is not a permanent oh, the price of
• 41:07
  gold's going to go. You know, been he hasn't been
• 41:09
  saying this for four. No, these guys, a lot of these
• 41:12
  guys. Charles Ninner, the Dutch guru.
• 41:16
  He's up. He was a medical doctor and then
• 41:18
  Goldman Sachs hired him, and he was a guru at Goldman Sachs.
• 41:22
  And now he's on his own. He is.
• 41:24
  I've heard him so many times. Charles Nenner.
• 41:27
  NENNER. Look him up.
• 41:29
  Write it down. Look him up later.
• 41:31
  Listen to what he says. He says gold for the next three
• 41:34
  years. And this guy usually is telling
• 41:37
  people don't buy gold. A lot of times he's like, buy
• 41:41
  gold, Ray Dalio, buy gold, right?
• 41:44
  All kind. You know, the, the, the people
• 41:48
  that are that are you, you don't want to listen to the people
• 41:51
  that are just constantly saying it'll go up, it'll go up, it'll
• 41:54
  go up. Listen to the people who will
• 41:56
  tell you when they think it'll go down.
• 41:58
  But when they say they think it'll go up and they're saying
• 42:00
  they think it'll go up. Pay attention.
• 42:02
  This is the Dow Jones to gold ratio OK important thing about
• 42:06
  this when the chart is going up, that means the Dow Jones is
• 42:11
  winning. So this takes the Dow Jones
• 42:13
  industrial average, whatever it is right now.
• 42:15
  What is it? I didn't follow it 40,000 and
• 42:18
  divides that by one ounce of gold.
• 42:20
  So when that when the Dow is going up and gold is going down,
• 42:24
  this ratio goes up on this chart.
• 42:26
  OK, So when the charts going up, the Dow Jones is winning.
• 42:29
  When the charts going down, gold is winning.
• 42:32
  And according to his his analysis of what's going on and
• 42:37
  this goes back what all the way to 19 O seven.
• 42:40
  Look how low overtime that ratio can get.
• 42:45
  And when that ratio gets lower and what he's seeing right now
• 42:48
  is a breakdown. We're already below the
• 42:51
  seven-year moving average. If we fall below the cloud, it's
• 42:55
  game over. Goldwinds Dow Jones Industrial
• 42:58
  Average into a bear market and precious metals soar hundreds of
• 43:02
  percent. OK, so, and we can see all types
• 43:08
  of different small chart patterns here.
• 43:09
  You see the red BLOB. OK, gold bottom here.
• 43:12
  What we're looking for, What we're looking for is you see my
• 43:16
  arrow is this line to continue downward.
• 43:20
  All right, so right now we're at what, 20?
• 43:23
  Well, now we're about 16 if we get down to this range down in
• 43:29
  here. I mean, seriously, we're
• 43:32
  talking, we, I don't even want to go there, but we're talking
• 43:37
  gold 7-8, nine, $10,000. And so it's interesting.
• 43:41
  These are real numbers. The reason why we pay attention
• 43:46
  to these graphs and these charts is because these are real
• 43:49
  historical numbers. This really has happened in the
• 43:54
  past and if we even go remotely down in this, we could see the
• 43:58
  gold price double. If we go way down here where
• 44:02
  we've been several times over history, we're talking about
• 44:08
  that $20,000 gold range, $15,000 gold range.
• 44:11
  So the reason why this is important is because this is
• 44:14
  just not make believe. This is real hard data of what
• 44:18
  has happened in the past. So when it feels like, oh,
• 44:21
  there's no way we could ever have $8000 gold, you're a gold
• 44:24
  pumper, you're a silver pumper, you're a, you're a, you're a
• 44:27
  clown right now guys, think about this.
• 44:33
  If we were sitting down here in the basement 2001, when gold,
• 44:39
  when silver was $4.00 an ounce, imagine that.
• 44:42
  Oh, hold on. I don't need, I need to look you
• 44:44
  in the eyes. You're still number one in my
• 44:48
  book, guys. OK, If we were sitting down here
• 44:51
  in 2125 years ago, we would have been full of a little more youth
• 44:56
  and vigor, right? Most of us would have been
• 44:58
  alive. But if we'd sat down here and
• 45:00
  said when? So we're looking at silver and
• 45:02
  it's like $5.00 an ounce. I said, you know what?
• 45:05
  I think in the next 10 years, silver can go up 10 times.
• 45:08
  We'd feel like we were crazy. It can happen.
• 45:12
  Not saying it's going to happen, not predicting it's going to
• 45:14
  happen next week, but it can happen.
• 45:17
  Now, this idea of of $200 silver is not out of the question.
• 45:22
  Right, right, right. Remember that, OK, remember that
• 45:26
  it can happen. Let's go look and hear.
• 45:28
  Ronnie Stoeferly shared another interesting.
• 45:31
  He's he, he hit it out of the park in terms of Ron's basement.
• 45:34
  Ronnie Stoeferly the historic median.
• 45:39
  OK, when we talk about silver, gold to silver ratio right now,
• 45:44
  I think it's what 8384 it's been his house 90.
• 45:47
  He says, right and this guy right writes the book.
• 45:51
  All right, we'll go. We'll click on his thing in a
• 45:52
  second. He writes the Bible of of of
• 45:55
  gold every year. The historical median for the
• 45:59
  gold to silver ratio is 30 to one 32 one based on a gold price
• 46:05
  of 2670 silver would be expected to trade around $89 per oz.
• 46:12
  You know what, Ronald, Ronnie, Donnie.
• 46:16
  I can make fun of all the Ron names cuz my name's Ron.
• 46:20
  We're going to round that up to $90.00 an ounce.
• 46:22
  OK? I really like him.
• 46:23
  You know, he tweets that out to Peter Karrath, the guy that
• 46:26
  wrote the, the, the, the book on silver, Tommy Costa, the guru
• 46:30
  from Brazil, William Middlecoup. OK, zero hedge gold seek, but
• 46:34
  look at this chart. Very interesting.
• 46:36
  So he's saying, OK, on the left is the gold price.
• 46:41
  So right now, let's say we're at 2600.
• 46:44
  Across the top are the different gold to silver ratios.
• 46:48
  So if you go at 2600 and you go to about where we are now kind
• 46:53
  of in the 8090 range, we get the silver price where we are.
• 46:57
  If we go all the way down to 30 at $2600 gold, we're looking at
• 47:03
  $87.00 per oz silver. I'm sorry, I may have.
• 47:08
  So $2600 gold and a 30 to one, OK, That means that it would
• 47:14
  take, that would be $87.00 silver.
• 47:19
  I'm sorry, it would take 30 ounces of silver to get one
• 47:21
  ounce of gold. 233 numbers is too much for Ronnie to juggle in
• 47:27
  my head. So very interesting.
• 47:29
  If $2700 gold, let's just say we get to 50, OK, A50 gold to
• 47:35
  silver ratio, which really is realistic, even 60.
• 47:39
  But at 50, gold to silver ratio, we're at 54.
• 47:42
  At 60, we're at 45. I mean, guys, silver is the most
• 47:48
  that that that proves to us that silver is like the most
• 47:52
  undervalued asset on the face of the earth.
• 47:54
  We're almost at 800 people. Basement dwellers.
• 47:57
  Thank you. You're a big deal.
• 47:59
  Let's get to 800 then. Susie locks the door.
• 48:02
  Nobody else is allowed. And why?
• 48:04
  Why is that important? Why is that important?
• 48:06
  You know, I was talking with Paul Morris, the director of
• 48:08
  investor relations at channel sponsor First Mining Gold.
• 48:12
  You learn more about them at First Mining Gold.
• 48:14
  Paul's e-mail address is in the description of this and all my
• 48:16
  videos. We're not, I'm not going to talk
• 48:18
  about the company right now. I'm going to talk about the gold
• 48:20
  and silver situation. And he was like, it's
• 48:23
  astounding, right? That still he has this chart
• 48:27
  that I think he wants to share with the our community.
• 48:30
  It's astounding the small amount of money capital, not just in
• 48:35
  the United States of America, but but on a worldwide basis
• 48:38
  that's in gold and silver. He's like Ron, it's crazy.
• 48:42
  You know, it's like, I don't know, .7% of the world's
• 48:45
  capital. Look, and why that's important.
• 48:48
  The reason why that's important is once we're we're shutting the
• 48:51
  door. Go ahead, Susie, lock the door.
• 48:53
  You got my, my, my, my. Go ahead.
• 48:56
  Those people can't come in, right?
• 48:58
  There's going to be no room. It's gonna be, we are so small
• 49:05
  right now that just the smallest amount, right?
• 49:09
  These Costco people are the beginning.
• 49:12
  They are our friends, but it's gonna be a massive move.
• 49:17
  Be prepared. The reason why, again, is
• 49:19
  because we are. It's the law of small numbers.
• 49:22
  I want you. This is critical for us to
• 49:24
  understand, for you to understand.
• 49:26
  And this is a mathematical fact because remember, we love.
• 49:30
  We love the same mathematics shows no forgiveness on the
• 49:33
  altar of truth, right? Remember, right, when it comes
• 49:38
  to the national debt, the elephant in the room,
• 49:40
  mathematics shows no forgiveness on the altar of truth, right?
• 49:46
  God made it so that 2 + 2 always equals four, one of the laws of
• 49:51
  mathematics that it's going to work in your favor.
• 49:54
  If I got a deal for you and it's going to cost you nothing but a
• 49:57
  cup, I got the deal of a lifetime for you silver and gold
• 50:01
  investors, right? That's the fact that our numbers
• 50:04
  are so small. It takes a, it takes very little
• 50:08
  to double or triple-A small number.
• 50:11
  It's a lot easier to go from 1% to 5%.
• 50:15
  Think about it. And 5% is kind of the long term
• 50:18
  average of the amount of money in the world that can be
• 50:21
  invested into the precious model.
• 50:22
  It's a lot easier to go from 1% to 5% than it is to go, let's
• 50:28
  say from 10% to 30% or 10% to 50%.
• 50:34
  That's a big thing, right? That's like Walmart.
• 50:36
  Think about Walmart when they were growing like crazy, right?
• 50:39
  When they only had 100 stores. It was easier for them to grow
• 50:43
  by 50% for them to get from 100 stores to the 150 stores.
• 50:50
  But now that Walmart has what, 10,000 stores, right?
• 50:54
  They can't grow by 50% a year, They can't build 5000 stores.
• 50:59
  It's impossible. Same thing with silver and gold.
• 51:02
  The amount of money in the silver and gold sector, right?
• 51:05
  When we're at 1%, it's a lot easier to go to 3 or 5%.
• 51:10
  And those those that new that's would all be think about this.
• 51:15
  Why another reason why it's a big deal.
• 51:17
  That would all be new money coming into the sector.
• 51:21
  It's going to be crazy. OK, guys, thank you for being
• 51:25
  here. Thank you for all the Super
• 51:26
  chats. Thank you to the moderators.
• 51:28
  Thank you to everybody. Hello, Annie Oakley, I I see you
• 51:31
  there, Jake from Jake's custom parts, big Tim, the silver
• 51:34
  Shire. But most important, right?
• 51:36
  Those people are absolutely important, critical you.
• 51:41
  We come to the basement because we like to dig a little deeper
• 51:44
  together. We can figure this out together.
• 51:46
  We'll stick together and get through it.
• 51:49
  Thanks to 1st Mining gold channel sponsor Fortuna Mining.
• 51:53
  They're a gold and silver mining company with operations in Latin
• 51:56
  America and West Africa. It's a stock I own, right?
• 52:00
  I buy my silver from Pymbex, OK. I own first mining gold stock.
• 52:05
  I own Fortuna Mining. I'm not giving financial advice.
• 52:08
  They're just companies that I like, but I feel great about
• 52:11
  having them as sponsors of Ron's basement.
• 52:14
  I'm very grateful. Number one, I'm grateful to you,
• 52:18
  right? Remember, right, you are the
• 52:20
  big, big part of this, of this community.
• 52:23
  We got a super chat coming through late.
• 52:25
  Breaking question, I'll answer it.
• 52:28
  That's an easy one. What are your thoughts on the
• 52:30
  Sprott Silver Trust Exchange traded funds?
• 52:33
  Thank you for your analysis and info.
• 52:36
  OK, I actually made a video years ago.
• 52:39
  I've made so many videos it'd be very difficult for you to find
• 52:42
  it. About the Sprott physical silver
• 52:45
  trust, that's the PP as in Peter SLV number one.
• 52:52
  If I compare it to the SLVIII am I'm I'm bottom line, I like the
• 52:58
  PSLVI, don't own it. If I were to own an exchange
• 53:03
  traded, I think up there in Canada, they're called ET PS
• 53:06
  exchange traded products instead of shares, they call them units.
• 53:09
  But the Spratt PSLV physical silver Trust, it's my
• 53:14
  understanding, absolutely has all the silver backed.
• 53:21
  Every share, every unit is backed up by real silver.
• 53:24
  And if I remember correctly, you can also, once you get to a
• 53:28
  certain level, they'll actually send you the silver.
• 53:31
  Look into that for yourself. But everybody who I respect and
• 53:35
  I trust has, has said when you compare PSLV to the SLV, which I
• 53:42
  believe is Blackrock's product here in the United States, the
• 53:45
  SLVETF, that there's really no comparison.
• 53:49
  Eric Spratt, I've never met him, but I know from hearing from
• 53:53
  many people, right? Eric Sprott that owns Sprott
• 53:56
  Asset Management, big investor, he loves silver and I've never
• 54:00
  heard anything about the company or his company that he founded,
• 54:05
  but very positive thing. So that's my, that's my thought
• 54:09
  on that. I, I will give PSLB a thumbs up,
• 54:11
  but remember, I'm not giving financial advice.
• 54:14
  I'm not a financial advisor, but I do like Spratt.
• 54:17
  Thank you for the Super chat. Thanks guys for being here.
• 54:19
  OK, and I will see you soon. Have a great day.
• 54:23
  Thank you.