Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ⚡SILVER Price⚡- YOU Ready for THIS?... (MASSIVE News for Gold and Silver)

Transcript

⚡SILVER Price⚡- YOU Ready for THIS?... (MASSIVE News for Gold and Silver) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  Incredible price moves in the precious metals silver, gold
• 0:06
  that's really great but what we really want to talk about is the
• 0:11
  setup where things are heading into the coming months quarters
• 0:15
  and years. But if we take stock on where
• 0:18
  we've come just in the last few years months, it's been very
• 0:22
  good. And oh, by the way, yesterday
• 0:24
  was pretty darn crazy good in particular for the silver price.
• 0:29
  Let's get out here to a a little chart that was sent to me by
• 0:34
  Jake from Jakes Custom Parts. Just to quickly review guys,
• 0:37
  this came from Gold Telegraph, but they're talking about
• 0:41
  silver. Silver performance in U.S.
• 0:44
  dollar terms today, which was yesterday up 6% the past six
• 0:49
  months, silver up 10% the past one year, silver up almost 40%.
• 0:58
  And over the past five years, silver is up by a whopping 81%.
• 1:05
  Let that let that sink in for just one minute.
• 1:08
  Now let's go out and talk about the key barrier that was crossed
• 1:15
  yesterday in the silver market. This is huge, huge news.
• 1:19
  I want to share with you a chart, a couple charts that are
• 1:23
  going to show us in uncertain terms or certain terms I should
• 1:27
  say that we are in new territory.
• 1:29
  Guys. This is a six month chart of
• 1:32
  silver futures. The silver's futures price, Can
• 1:35
  you believe it, closed at almost 33, almost $434 per oz.
• 1:41
  I'm tongue tied. I'm still I'm.
• 1:44
  I'm just a little shaken by what's going on in the silver
• 1:48
  market. Shaken, but shaken and stirred
• 1:51
  in a good way. Here's a line that I drew on
• 1:54
  here at $32. You can't argue that on a weekly
• 1:59
  basis. On a daily basis, we did it,
• 2:01
  guys. We silver, which was critical
• 2:05
  for silver to breakthrough $32. It happened yesterday.
• 2:10
  The reason why that was so critical was that that was a
• 2:13
  barrier that Silver had bumped up against multiple times, as
• 2:18
  you can see back here in May, June, even really July.
• 2:20
  You could say September earlier in October, and we broke
• 2:26
  through. I want to show you this on
• 2:28
  another chart, which I think even shows it better.
• 2:32
  Make sure we got you on the right screen there.
• 2:34
  Yes, we do Basement dwellers. This came from North Star
• 2:38
  charting. This guy is a super respected
• 2:42
  chart analyst in the in the precious metal sector and he
• 2:46
  says silver, no explanation required.
• 2:49
  Let's pull this up and look at it a little more closer here.
• 2:53
  Same thing, right? He drew that line across silver.
• 2:56
  There it is See the rocket broke through yesterday.
• 2:59
  But even more important, he draws this wedge that had
• 3:03
  occurred and silver was bound to break out.
• 3:06
  And you know, not only is that almost a wedge, but also an
• 3:10
  upward trend line. Guys, it it is, it is becoming
• 3:14
  very likely that we could see a massive launch in the silver
• 3:19
  price here through the end of the year.
• 3:21
  Things are getting crazy exciting.
• 3:25
  Let's talk about why this happened yesterday.
• 3:29
  There's two reasons why people think we had this massive big
• 3:32
  move in the silver price yesterday, one of which was
• 3:36
  China. Why is China so important to
• 3:39
  silver? Well, because China in their
• 3:41
  industrial output really rules the world of precious metals.
• 3:46
  We know China's importing a lot of silver.
• 3:48
  We know they're building massive amounts of electric cars,
• 3:51
  massive amounts of solar panels. So when China, their Q3 GDP came
• 3:56
  out yesterday, originally people were saying it was better than
• 3:59
  expected and that was one of the reasons, big reasons why silver
• 4:03
  was taking off. But now it gets even more
• 4:06
  interesting because now the big news guys are saying China's Q3
• 4:10
  GDP wasn't so great, hit its weakest pace since early 2023,
• 4:15
  and that that could generate more stimulus from the Chinese
• 4:20
  government. Look, we're not going to go on a
• 4:22
  deep dive into China, but China is critical to the gold price
• 4:26
  and the silver price. The Chinese economy is really in
• 4:30
  tatters. They're at a stage right now
• 4:32
  where we were at the end of the great financial crisis back in
• 4:36
  2008. Their real estate market has
• 4:38
  crashed. Their stock market's been
• 4:41
  suffering, and China is stimulating.
• 4:44
  OK, So as they stimulate their economy more, that will continue
• 4:50
  to be supportive for gold, for silver and for that matter
• 4:54
  copper as well. Now the other reason I'm hearing
• 4:59
  rumors, speculation right as you watch the did you notice this in
• 5:04
  the silver price yesterday? When we were live yesterday
• 5:07
  morning, it was up $0.50, sixty cents up a dollar.
• 5:12
  And I said I thought we could have a day where we actually
• 5:14
  ended strong. I wound up being correct.
• 5:16
  OK, I'm not Tooting my own whore.
• 5:17
  I'm often wrong, but I was right about that.
• 5:20
  But there's speculation. If you heard this, how do you
• 5:24
  feel about this, that part of this big move?
• 5:27
  And silver yesterday was fueled by some short covering.
• 5:31
  The big banks, the big commercial bullion banks, the
• 5:35
  deal in silver that have massive short positions, that part of
• 5:40
  this fuel. I mean we were up almost what
• 5:42
  $2.00? And silver yesterday was fueled
• 5:45
  by short covering. If that's the case and if that
• 5:49
  continues, remember guys, you've heard me say it till I'm blue in
• 5:56
  the face. Once we get into this 3334
• 5:59
  range, we could see a rapid ascent to 44 dollars silver,
• 6:05
  very rapid. You know, all the reasons
• 6:07
  there's very little overhead support.
• 6:09
  It's all the top analysts are saying this and I'm not calling
• 6:13
  myself a top analyst, OK, But they are all the top analysts
• 6:17
  are saying this, that there's there is this this very strong
• 6:23
  possibility likelihood, I don't know how to say it, that we
• 6:29
  could move super quickly in the silver market next week could
• 6:33
  prove to be very interesting. Last week I told you that on
• 6:36
  today that I thought we'd be either sitting at $28.00 silver
• 6:40
  or $32 silver. I was wrong to the downside on
• 6:44
  my high speculation of where we could be.
• 6:48
  I think next week, Saturday, next week, we could possibly be
• 6:53
  at 363738 dollar silver. Now the other side of that coin
• 6:59
  is we could also quite possibly be down near the 293031 level.
• 7:05
  You know how dirty these traders are, these big bullion banks, JP
• 7:09
  Morgan, Goldman Sachs, they could definitely try to smash
• 7:15
  the price of silver next week. It's going to be, but it's going
• 7:18
  to be WAVY, OK, it's going to be a volatile all right.
• 7:24
  But remember, remember the long term thesis is always intact for
• 7:29
  silver. We really are in gold, are in a
• 7:34
  new paradigm, a new weather pattern, however you want to say
• 7:41
  it, for silver. Because you know what?
• 7:45
  Because we've got this on our side and everybody's talking
• 7:49
  about it. Let's see if I can pull this up.
• 7:51
  OK. All right, here we go, guys.
• 7:58
  The biggest cup and handle of all time.
• 8:03
  Do you remember Apple Computer? This is silver, by the way.
• 8:06
  Hold on, get rid of all this, OK?
• 8:08
  This is silver, the biggest cup and handle of all time.
• 8:12
  If you look, you can see right here the green is the cup, this
• 8:17
  is the handle. This is a new way to look at it.
• 8:20
  However, this Chartist provided us with some upside targets in
• 8:25
  the silver price. So again, here's my see my
• 8:28
  yellow pointer 1980, 2011, the price dipped, it formed a cup
• 8:34
  and now we are in the handle and there is an upside inverse head
• 8:38
  and shoulders. I've talked about that 19 Times
• 8:40
  Now. We are in the handle and when we
• 8:43
  break out, look at these price targets that he has for silver
• 8:47
  based on charting and mathematical probabilities, OK,
• 8:51
  We're looking at if we get to the green level, 240 dollars
• 8:55
  silver, if we get to the yellow level, $300.00 silver, and if we
• 8:59
  get to the red level, 380 dollars silver.
• 9:02
  And let's see what he has to say about this.
• 9:04
  I highlighted a few things. He talked about Apple.
• 9:07
  I didn't know this Apple computer stock, you know, right?
• 9:10
  That was like an incredible investment for a lot of people.
• 9:13
  It had a massive cup and handle. However, in yellow, he says
• 9:18
  Apple's pattern is nothing compared to the current cup and
• 9:22
  handle pattern that exists in silver today, whether in size or
• 9:27
  price or most likely over period of time.
• 9:31
  I think he forgot to say that as well because this this cup and
• 9:35
  handle's been forming in silver for almost 45 years, he says.
• 9:41
  I truly believe that silver is currently the most undervalued
• 9:45
  asset and will not only attain higher prices than most can
• 9:48
  imagine, but will also rapidly begin to appreciate against
• 9:53
  gold. Although this will not happen
• 9:55
  overnight and could take a decade or more to come to
• 9:58
  fruition, the unnatural and irrationally low price of silver
• 10:02
  is coming to an end. The overinflated gold to silver
• 10:09
  ratio will continue to fall as price manipulation ends and true
• 10:15
  price discovery begins. OK, That's what we have to look.
• 10:20
  That's what we have to look forward to, guys.
• 10:22
  And here, let's go out something I want to show you here with the
• 10:26
  gold to silver ratio. But first, Oh my gosh, I owe you
• 10:29
  a big apology. Basement dwellers, I apologize.
• 10:32
  I forgot to recognize you. You chose to be here with me in
• 10:37
  the basement this morning. If you weren't here, you this
• 10:40
  would be real lonely. Welcome to the club.
• 10:42
  Welcome to the basement. We want you to come back.
• 10:44
  You're always welcome here. Please give this a thumbs up.
• 10:47
  That helps get the word out to more people.
• 10:51
  And I still have that special going where you can subscribe to
• 10:54
  the channel for free, even turn on notifications.
• 10:57
  That way you get notified every time we put out a new video.
• 11:00
  Thank you. And thank you in advance for any
• 11:02
  donations, PayPal donations. Super chat.
• 11:05
  Super, thanks very much appreciated.
• 11:07
  Helps support the family, support the channel, but I never
• 11:11
  ever want you to give anything that you can't afford.
• 11:14
  OK, So thank you. Let's go out and look at this.
• 11:17
  This is interesting about the gold to silver ratio like we
• 11:21
  just looked at on that chart this came from.
• 11:24
  I love this guy, make gold great again.
• 11:26
  But this is about silver. Silver is mined at a 7 to one
• 11:32
  ratio versus gold. For every one ounce of gold that
• 11:35
  is mined every year in the world, there's only 7 ounces of
• 11:40
  silver that are mined. OK, here's what silver's price
• 11:44
  should be just to catch up to gold today.
• 11:47
  And as he points out, most silver is used up by industry.
• 11:52
  Most any gold is mined is is all of it.
• 11:56
  You know, it just gets stored as a store of value.
• 11:59
  Silver, which is also a store of value, a lot of it what 5060% of
• 12:04
  it gets eaten up by industry. That's why it said that silver
• 12:08
  is the most undervalued asset in history.
• 12:11
  Now look at this. So with gold at $2720 today and
• 12:19
  we're in clown world where silver where silver to catch
• 12:24
  worse, worse, let me slow down where silver should be just to
• 12:29
  catch up would be 390 three $189 using the current 7 to 1 silver
• 12:37
  to gold mining ratio. So when we hear about these
• 12:39
  unbelievable high would feel like crazy predictions for the
• 12:45
  silver price, right? Look, I can tell you I've been,
• 12:48
  I've been through, I've been through emotional abuse from the
• 12:52
  from the, from the YouTube community for times when I've
• 12:55
  said $600.00 silver, right? People say, oh, you're crazy,
• 13:00
  you're insane. How could you say that, right?
• 13:03
  But no, when we look at numbers, when we look at history, when we
• 13:07
  look at what silver has done in the past, these numbers are not
• 13:13
  that insane, OK? We don't even need the dollar to
• 13:16
  collapse for us to get the 200 three $100 silver.
• 13:20
  It is possible. I don't care what anybody says.
• 13:22
  I know right that the true value and that silver truly is the
• 13:28
  most undervalued. Do you feel that I mean and on
• 13:32
  top of it here, here's what I have out today right hear that
• 13:36
  all right, it it it's also very beautiful to hold and to own.
• 13:41
  It's like the funnest. Do you feel that way?
• 13:44
  Silver and and I love gold too, Don't get me wrong, but silver,
• 13:47
  do you agree, is like the funnest hobby in the world.
• 13:50
  And it's all it's like a hobby that we have that we also get to
• 13:56
  store our wealth with or watch go up in Unicorn fart dust, Fiat
• 14:01
  US paper dollars at the same time.
• 14:04
  Oh man, I tell you what, it is absolutely crazy right now.
• 14:09
  What about and this and this is when this is when it gets crazy
• 14:14
  because we've got more and more people coming into the gold and
• 14:17
  silver sector. We cannot.
• 14:21
  You're making a grave mistake if you don't recognize the fact
• 14:25
  that we could get hit with Get prepared warning, we could get
• 14:30
  hit with a wave of new people coming into the precious metal
• 14:35
  sector. It's not going to take many to
• 14:37
  double, triple or even quadruple the number of people.
• 14:41
  We've got almost 800 people on this live stream right now.
• 14:44
  I can tell you more and more people are joining us.
• 14:47
  More and more. We get the Costco dads.
• 14:50
  Be prepared. That's my warning.
• 14:52
  OK, Be prepared. OK, now I want to read you this
• 14:55
  because do you want to hear from an insider, somebody who owns a
• 15:00
  big online bullion dealer? I reached out to my friend Mike
• 15:04
  at Pinbeck's, one of the owners. I knew he was super busy.
• 15:07
  I said, if you had time, Mike, could you just let me know so I
• 15:11
  can share with the audience what happened yesterday, Yesterday
• 15:15
  when silver went up $2.00 per oz, What was the what was the
• 15:19
  reaction from the market? What did you see?
• 15:21
  I'm going to read you. I have it right here, line for
• 15:24
  line. What he said.
• 15:25
  He said yesterday's market surge was nothing short of amazing and
• 15:32
  we'd love to see the recent climb and spot prices hold into
• 15:36
  next week. On the retail side, Friday was
• 15:40
  one of the busiest days of the month.
• 15:43
  Sales jumped early and we also had some buybacks.
• 15:48
  Excitement is up. The best part, this is where
• 15:51
  it's interesting. The best part was all the new
• 15:55
  stackers, new stackers we spoke with throughout the day.
• 16:01
  The community is growing. So that comes from M1 of the
• 16:05
  owners at pmbex. What a great guy.
• 16:08
  Thank you PMBEX. By the way, here it is right
• 16:10
  here guys, Pi MB EX online bullion dealer for sponsoring
• 16:14
  Ron's basement. These are great guys.
• 16:16
  And you know what, I don't think I've ever mentioned this, but
• 16:20
  the owners are both CPA's as well, right?
• 16:22
  So, you know, these guys know no, no, no money, no business
• 16:27
  and, and are really looking out, you know, from day one, they
• 16:30
  told me that their mission was to get as much physical metal
• 16:35
  into the hands of the stacking community as possible.
• 16:37
  So hey, what do you say we go out real quickly since we're
• 16:40
  here? Oh, and I want to show you
• 16:41
  something interesting I discovered last night when I was
• 16:46
  looking at pembics. Here's their website Pi MB E
• 16:49
  x.com Oh boy, we need to do an update guys on the silver.
• 16:53
  This is from yesterday's live stream.
• 16:55
  I have not updated it. You guys know the little golden
• 16:58
  triangle there? That's the Pendex magic button.
• 17:01
  Let's see where the silver and gold price are.
• 17:05
  Oh my gosh. Silver up $2.04 per oz $33.74
• 17:11
  This is the updated price as of this Saturday morning, October
• 17:15
  19th, 2024. Gold was up 30.
• 17:18
  I didn't realize I'm bad. Gold was up over $30.00 an
• 17:21
  ounce. Unbelievable.
• 17:24
  Here's what I found interesting last night.
• 17:27
  I was just kind of poking around and I would thought, I wonder
• 17:29
  what American Silver Eagles are selling for 2024?
• 17:34
  Let's find them down here. Here they are.
• 17:38
  OK right here 2024 one ounce American silver Eagles brilliant
• 17:42
  uncirculated. That means brilliant
• 17:44
  uncirculated like perfect condition $38.
• 17:48
  I then went out to one of the other and I won't name them, but
• 17:52
  trust me, you'll know one of the big, big, big online bullion
• 17:57
  dealers that may or may not be owned by another big, big
• 17:59
  publicly traded company. Anyway, Penbacks is selling
• 18:03
  those for $38. This big online bullion dealer.
• 18:07
  And granted, that's the price that's like the the cash ACH
• 18:10
  price and at at at bulk. But the big online bullion
• 18:14
  dealer, not going to say who it is, but their price was was like
• 18:20
  almost very close to $2.00 per coin more.
• 18:25
  And I thought about it. I thought, you know, if I bought
• 18:26
  20 of those from pen backs, which I think is a roll, right?
• 18:31
  American silver eagles have 20. I did 40 extra dollars.
• 18:35
  I can get a bonus eagle. Where's my American Silver
• 18:39
  Eagle? I guess I don't have one down
• 18:41
  here. Well, anyway, I can get a bonus
• 18:44
  one of these, right? There's, there's a, there's a
• 18:50
  Britannia. So guys, and that's why I think
• 18:54
  it's, I mean, look to me, what's critical with stacking at the
• 18:57
  end of the day is oz, oz, oz. So thanks Mike.
• 19:00
  Thanks Pembex for sponsoring Ron's basement.
• 19:03
  Oh boy, where do we go next? OK, think about this.
• 19:07
  Think about gold, because gold leads silver anytime.
• 19:11
  This is a fact. Anytime anything hits a new all
• 19:15
  time high, it very likely will continue to hit more and more
• 19:20
  and more all time highs. That's what we've been seeing
• 19:23
  with gold. It is absolutely crazy.
• 19:27
  OK, it's not going to happen forever, but for now, the odds
• 19:31
  are that we will continue to reach more and more all time
• 19:35
  highs. And I want you to think about
• 19:37
  this, right? What do you think about this the
• 19:40
  rally that we've seen and silver and go yeah, yesterday was
• 19:43
  pretty crazy up to but the rally that we've seen let's pull up
• 19:47
  let's pull up the chart one more time.
• 19:49
  So I think this is critical for us and it's a very positive
• 19:52
  thing. Let's get rid of my lines.
• 19:54
  Let's go back to A2 year chart of silver.
• 19:57
  Look at this guys. OK, this is not like a like a
• 20:02
  like a rocket ship straight up like a spike OK like a short
• 20:07
  squeeze or anything like that. This is.
• 20:11
  Let me draw on here for you. This is a nice general move up.
• 20:19
  OK, OK. And that's critical because if
• 20:24
  it if it had been, if it had been like, let's say back in oh,
• 20:30
  shoot, hold on here, September of 2023, basically this.
• 20:36
  Let me just what the heck, hold on here guys, there we go.
• 20:41
  Any time you get a movement, let's say this red line had been
• 20:44
  the silver price and let's say in November of last year, about
• 20:48
  a year ago, the silver price had shot straight up.
• 20:51
  Any time things shoot straight up, almost always they then come
• 20:56
  straight back down, OK, We have not had that.
• 20:59
  What we have seen is a nice general steady, if we look at it
• 21:05
  on A2 year basis, let's look at it on A5 year basis, Yeah, I
• 21:11
  mean it does. This does not look like an
• 21:14
  insane out of control market. I mean look at that, OK.
• 21:19
  But if we look at it on a Max basis, see this, see what I'm
• 21:23
  saying, Shoot, shoot up. Let me get my crayons out.
• 21:27
  Here we go. Like in 2011, we shot up, but
• 21:32
  then we came right back down. So this action that we're having
• 21:35
  in the gold and silver market is actually very healthy.
• 21:39
  The other thing that's critical, let's look at gold real quick.
• 21:43
  See how gold looks. This is all this is all live
• 21:45
  guys, OK? But this is a critical component
• 21:51
  of what is going on. We we don't want look, look at
• 21:55
  me. I need to look you in the eye.
• 21:57
  Sure, sure. We want gold and silver to
• 22:01
  skyrocket. We talk about it all the time.
• 22:04
  But do we? We don't really want it to
• 22:06
  skyrocket. Like, you know, if we woke up
• 22:11
  Monday morning and silver was $48 an ounce, that could happen.
• 22:16
  OK, That could happen this Monday.
• 22:19
  I'm not saying that. Don't make any financial
• 22:21
  decisions based on that, but I'll tell you for sure if we
• 22:24
  wake up Monday and silver, then I say gold.
• 22:27
  Anyway, Silver hit skyrocketed up to $48 per oz.
• 22:32
  We'd be super excited. It'd be fun, but I got bad news
• 22:36
  for you. Inevitably, it would fall right
• 22:39
  back down, right? Maybe to 36, maybe to 34.
• 22:42
  We want the steady Eddy increase.
• 22:45
  And let's look at the gold chart here just to see how that looks.
• 22:49
  All right, that's a Max. Let's look at it over 2 year.
• 22:51
  I mean, look at that. That is not crazy.
• 22:55
  Like, Oh my gosh, again, right. This is not like, oh, you know,
• 23:00
  here's the let's make believe, here's the gold price and we
• 23:05
  shot up, right? Well, you know, no, no,
• 23:09
  contrary, what we're seeing is just a nice general price
• 23:15
  increase and that's what we want to see.
• 23:19
  Boy, oh boy, oh boy. OK.
• 23:24
  All right, guys. What we're in for is going to be
• 23:28
  a very, very, very interesting environment and I want to
• 23:32
  explain to you why. OK, when the Western investors
• 23:37
  show up to the game, it is going to be transformative for the
• 23:42
  silver price and the gold price transformative.
• 23:48
  And what I mean by that is that the Western, you know, the
• 23:52
  United States, Canada, Europe, we're still the richest
• 23:55
  countries in the world and we have not participated yet in
• 24:00
  this gold and silver rally, OK. When we do it can be
• 24:06
  transformative when your neighbors right the sheeple
• 24:11
  we've been down that road many times wake up and realize how
• 24:15
  smart you are for having the foresight to have moved some
• 24:19
  part of your wealth into precious metals when they want
• 24:22
  to join the boat. That is when things will become
• 24:25
  transformative and we know oh gosh, I can't I'm sorry, I
• 24:30
  apologize in advance. I can't help but going down this
• 24:32
  path. We know that it's going to
• 24:34
  happen because the financial and geopolitical systems of the
• 24:40
  world are breaking down. Bank of America, Bank of
• 24:45
  America, right, just put out a report that said gold, right?
• 24:50
  And when they say gold, they, they, they mean silver.
• 24:53
  Silver's part of gold. From a monetary perspective,
• 24:57
  gold is like where you want to be.
• 24:58
  You want, you want to be out of the US dollar, whether you're a
• 25:01
  central bank or a sovereign wealth fund.
• 25:04
  Gold is becoming like the final safe haven asset.
• 25:07
  Bank of America said that Bank of America.
• 25:13
  So it's going to happen, right? These people, they don't, it
• 25:17
  takes a while for them to wake up, but when they do, it will be
• 25:20
  absolutely transformative. What are some examples of what's
• 25:24
  going on? How about the Costco dads?
• 25:26
  Have you heard about the Costco dads?
• 25:28
  And I'm not putting them down. I'm a Costco dad.
• 25:31
  I've never been to a Costco, but I fit that mold right.
• 25:34
  The dads, the people that shop at Costco are, are, I would say
• 25:39
  a little smarter than the average bears.
• 25:41
  Maybe that's why I don't shop there.
• 25:42
  But anyway, now that I want to, I want to.
• 25:45
  I just never have gotten around to it anyway.
• 25:47
  They are people that are that, that like good deals, that are
• 25:51
  smart with their money, right? I'd say middle, upper middle
• 25:54
  class Americans. And they are going bonkers right
• 25:58
  now. That is just the beginning.
• 26:00
  But what's critical? What's even more exciting OK, is
• 26:03
  when Western investors go back to the ETF.
• 26:06
  Now, I don't like the ETFs. I don't like SLV and GLD.
• 26:09
  They're run by BlackRock I believe and there's much
• 26:13
  speculation that maybe they don't even own.
• 26:16
  And, and I won't, people have spent a great deal of time
• 26:19
  researching these ETF's, especially the SLV.
• 26:23
  Saying that I don't really know if all the silver they purport
• 26:26
  that they own is actually there. None the less, none the less,
• 26:30
  when the Western investors come back to the precious metal ETS
• 26:34
  and think about this now the bear just whispered something to
• 26:40
  me. When the, when the coin shops
• 26:42
  are out of gold and silver, when Costco's out of gold and silver,
• 26:45
  when the big online bullion dealers are saying it's going to
• 26:48
  take us 4 weeks, six weeks, 8 weeks, 10 weeks to get your
• 26:51
  silver or even possibly your gold to you.
• 26:55
  Where are people going to turn to?
• 26:56
  They're going to say, well, if I can't buy that, I guess I'll
• 26:58
  just buy the ETF. They'll buy the ETF.
• 27:01
  But this is what's fascinating. Here's here's a fact that I
• 27:04
  learned this from the guy Phil Stribel from Blue Line Futures
• 27:07
  listening to him and he's in my book A plus.
• 27:11
  Plus, Western investors don't start buying gold and silver ETS
• 27:17
  until right around 30 days after the Federal Reserve cuts
• 27:22
  interest rates. Guess what?
• 27:24
  Let me show you something. Let me show you something.
• 27:30
  OK, here we go. the Fed slashes interest rates.
• 27:35
  Did you hear that guy's breaking news?
• 27:37
  FED slashes interest rates by 1/2 point An aggressive start to
• 27:42
  its first easing campaign in four years.
• 27:45
  When was this from? Wednesday, September 18th.
• 27:50
  What's today, Saturday, October 19th?
• 27:54
  It has been 30 days. We aren't going to give that
• 27:56
  article any more time. We are just now at the point
• 28:00
  where people are going to start. Westerners are going to start
• 28:03
  putting money into gold and silver via the ETS.
• 28:08
  We are at a point where the Russian government is talking
• 28:12
  about buying silver. We're at a point where silver
• 28:18
  production is going down, down, down.
• 28:21
  We're at a point where India is importing like 25% of the
• 28:26
  world's production of silver anyway.
• 28:28
  We are at a point where the silver price right, has broken
• 28:33
  through what had been long term resistance that every analyst in
• 28:40
  the world said would be a critical move for silver.
• 28:43
  When silver moved above their, whatever their number was,
• 28:46
  3232503275, whatever their number was, silver went through
• 28:51
  it on Friday, buttercup. Oh, think about that.
• 29:00
  OK, silver went through it. That's the point that we are at
• 29:04
  now, I'll warn you, right? We can have volatility, right?
• 29:08
  Remember, remember a week and a half ago, we had a day where
• 29:11
  silver was down what, $1.50 an ounce.
• 29:13
  And I came in here, we sat down and we put our arms around each
• 29:16
  other, all you basement dwellers.
• 29:19
  And I said, guys, volatility is good.
• 29:22
  And I said this word for word. I said we're, if we're going to
• 29:25
  have big moves to the upside, we're going to have some
• 29:29
  volatility to the downside. What is critical right on that
• 29:33
  day where we had got silver down $1.50 and we were all crying and
• 29:37
  Oh yeah. And Susie's asking like what's
• 29:39
  going on Ron, what are you? Are you sure about silver,
• 29:45
  right? And no, I don't, I don't have a
• 29:46
  crystal ball, but I said yes, I I absolutely still believe in
• 29:50
  silver on that dollar fifty down day, right?
• 29:53
  I told you guys and and we we need to remember this.
• 29:56
  What's critical is that as long as the up days on the volatility
• 30:00
  are bigger, then that's OK. And that's what happened
• 30:04
  yesterday. We can get smacked.
• 30:07
  Be prepared. I'll warn you, we have
• 30:09
  volatility ahead. We are going to have more days
• 30:13
  when silver drops a dollar $1.25, right?
• 30:17
  But I believe we're also going to have more days in the future
• 30:20
  where dollars, silver's up to dollars, silver's up $3.
• 30:26
  I don't. Do you remember?
• 30:27
  Let me ask you a question, right?
• 30:29
  If you say yes or no in the comments, I'm going to say no.
• 30:33
  I'm going to pre answer the question, but I don't remember.
• 30:39
  Do you ever, some of you guys, you're Silver State, do you ever
• 30:42
  remember a day where silver has been up $3.00 an ounce or more?
• 30:48
  And I've been following silver closely for almost 2 decades.
• 30:51
  I don't remember, but I'm going to tell you what now.
• 30:53
  Here we go. Mark it, mark it, write it down
• 30:56
  on your little Ron's full of crap list that you keep.
• 31:02
  We will have in the next nine months, we will have at least
• 31:06
  two days where we have silver up $3 per oz or more market.
• 31:12
  It's going to happen, right? I predicted $44.00 silver by
• 31:16
  Christmas, so let's just no, no. Yeah.
• 31:20
  People are saying no, right? Silver's up.
• 31:23
  OK. Yeah, It's unbelievable.
• 31:25
  Yes. Silver's up 41%.
• 31:28
  It's I mean, it is absolutely nutty right now.
• 31:32
  Where was I? Volatility.
• 31:34
  We're down. OK What other?
• 31:39
  The Wall Street Journal, Bloomberg, CNBC, They're all
• 31:46
  talking about silver. OK, but watch this.
• 31:51
  Watch this. Where was I?
• 31:57
  Here we go. Here it is.
• 32:02
  OK, CNBC Pro, this is great guys.
• 32:06
  CNBC Pro, you got to be a pro. You got to pay $20.00 a month to
• 32:13
  get this information. But here's the headline.
• 32:16
  Price of gold is proving an unstoppable force lately.
• 32:21
  So this is not just CNBC, but this is going out to their pro
• 32:25
  members, the people who got big money.
• 32:28
  I don't, I'm not a pro member. I'm not going to pay 20 bucks a
• 32:31
  month for this. What I think is information that
• 32:34
  we already know, you know, the point here guys, is CNBC is now
• 32:38
  charging people to to tell them what we knew months ago.
• 32:43
  But that means the Western investor is coming back.
• 32:47
  OK, Now here's the next one, the Wall Street Journal.
• 32:52
  See my little finger up there? Gold, right, ends higher at 2713
• 32:59
  again, right? We click on it.
• 33:02
  They want to charge you. I don't charge anything.
• 33:08
  Donations are always greatly appreciated.
• 33:10
  OK, gold ends right at 2713 from monthink, blah blah blah blah
• 33:15
  blah blah. The point here is quite simply
• 33:18
  this and that is that is that the mainstream media is finally
• 33:25
  finally starting to to pick up on on gold.
• 33:30
  Now let's go out here and take a look at this latest here we go.
• 33:41
  We are all over the Internet folks.
• 33:43
  OK, here we are. Tavi Costa, the gold to silver
• 33:47
  ratio before this is what? Where was the gold to silver
• 33:51
  ratio before we had some pivotal, pivotal major moves in
• 33:58
  the precious metals, silver in particular.
• 34:01
  OK, where? Where was it?
• 34:04
  In early 2003, we were at 81. Late 2008, we were at 84.
• 34:11
  Great financial crisis. Today, we are at 81.
• 34:15
  OK, Now let's see what Tavi has to say here.
• 34:18
  Says it's remarkable to think that.
• 34:20
  Silver. Did you guys realize that?
• 34:22
  Wait a minute. Yeah.
• 34:24
  I keep forgetting to make a big deal.
• 34:25
  We need to make a big deal. It's party time if you're like
• 34:31
  me. Are you like me?
• 34:33
  Yeah, you're like me. You're in the basement with me.
• 34:35
  And by the way, 1000 of us, thank you for being here.
• 34:37
  It's a big deal. Let's see if we can get this up
• 34:39
  to 1200 today, baby. But nonetheless, if you're like
• 34:43
  me, you've owned silver for a long, long time.
• 34:46
  Guess what, Buttercup? I got some good news for you.
• 34:50
  Put on your silver smile because right now the silver price is at
• 34:54
  a 12 year high. We forget about that.
• 35:00
  It's been 12 years. Whatever you think your silver
• 35:02
  is worth and does it really matter because it's all about
• 35:06
  Oz. We've talked about that, but
• 35:07
  nonetheless, since we like to have a little fun and value,
• 35:12
  look at the value of our silver and here it is making its guest
• 35:15
  appearance. It just floats by right in this
• 35:18
  stuff. Unicorn Fart does paper money
• 35:21
  since we like to value it and that we are at a 12 year high.
• 35:25
  Now, remember what we said earlier, huh?
• 35:30
  What did we say earlier? We said one very simple thing.
• 35:36
  When things get the new highs, they very often continue to new
• 35:41
  highs. I, I, I, I want to be cautious
• 35:45
  here with you guys. I want to be cautious because
• 35:48
  yes, absolutely. Next Saturday we could be
• 35:51
  sitting here talking about silver.
• 35:54
  Come on now, we got to hold $30. I mean, it could happen, but I
• 35:59
  really feel like we could have a much higher silver price next
• 36:05
  week when we're doing our Saturday morning live stream
• 36:08
  video event. I really believe that we could
• 36:11
  be sitting at this $36 silver, $37 silver.
• 36:16
  All right, again, don't make any financial decisions based on
• 36:19
  that. Let's go back out to Tavi.
• 36:21
  Tavi Costa is generally regarded as one of the smartest guys in
• 36:26
  the room. I love that chart.
• 36:27
  OK, 12 year high in silver yet remains one of the most
• 36:32
  undervalued medals in history compared to gold.
• 36:38
  The gold to silver ratio currently at 83.
• 36:41
  This suggests that the rally has momentum and is just getting
• 36:46
  started, in my view. Game on, right?
• 36:49
  There's the cup, there's the handle.
• 36:52
  We can't look at that enough. All right, that is such a big,
• 36:56
  big, massive deal and let's go over here.
• 36:59
  All right, we talked about that. That's 7:00 to 1:00, gold to
• 37:03
  silver ratio just $390.00 per oz.
• 37:06
  That's what we have to look forward to.
• 37:08
  It's going to be an unbelievably interesting ride here as we go
• 37:14
  through. Now remember, guys, what are we
• 37:17
  looking at next week? What are we, What is the biggest
• 37:22
  news story in the history of the universe that will impact silver
• 37:29
  and gold? The biggest news story, right,
• 37:33
  that 99% of your fellow Americans and Westerners really
• 37:38
  are clueless about, or maybe 96%, right?
• 37:40
  But most, nobody knows what's going on.
• 37:43
  Probably the biggest news story, definitely.
• 37:47
  Maybe it's a bit of an exaggeration to say in the
• 37:49
  history of the universe, but in our lifetimes, the BRICS meeting
• 37:56
  in Russia next week, it's here. It's going to happen this week,
• 38:01
  October 22nd. They've already released the
• 38:04
  bricks pay right? This new payment system.
• 38:08
  And one of the options, according to to, to, to, to some
• 38:13
  pictures going around on Twitter is to use gold.
• 38:20
  We are in an environment where things can change and change
• 38:24
  very, very rapidly. Just because they don't report
• 38:28
  what's going on on CNN, the children's news Network or MSNBS
• 38:33
  or Fox News, doesn't mean this is not the biggest.
• 38:36
  That probably actually means this is the biggest.
• 38:40
  Silver and gold. What else don't they report on?
• 38:43
  They don't report on silver or gold when?
• 38:46
  This is insane. OK, somebody pointed this out
• 38:52
  that it's been like 2 years since any of the commentators on
• 38:57
  CNBC, right? Supposedly the world's leading
• 39:01
  financial network have even uttered a word about silver as
• 39:06
  an investment. And the last time they did,
• 39:08
  guess what? They kind of made fun of it.
• 39:13
  Well, that's great because somebody hold on, somebody
• 39:19
  needs, somebody needs to knock on the door at CNBC and say
• 39:25
  silver is at a 12 year high, guys.
• 39:29
  Oh, and, and what about this? What about this guys?
• 39:35
  Here's some here's look over there, boys and girls over
• 39:39
  there, right. Silver was up 6% on Friday.
• 39:43
  Silver's been up in the last year, almost 40%.
• 39:47
  I think year to date it's like 41%.
• 39:49
  Over the last five years, it's up 80%.
• 39:57
  CNBC are you in there? Right?
• 40:01
  Right. Oh, I wonder if it has anything
• 40:03
  to do with the fact that the world's biggest bullion banks
• 40:06
  now, what's a bullion bank? A bullion bank is a bank like JP
• 40:09
  Morgan. Talk about price manipulation,
• 40:13
  Goldman Sachs. I wonder if it has anything to
• 40:16
  do with the fact that those banks are in critical, I mean,
• 40:20
  critical guys. We could have a silver squeeze,
• 40:24
  again, a real live silver squeeze, because these banks
• 40:29
  have massive short positions in the silver market.
• 40:34
  They sold silver that they will need to rebuy.
• 40:38
  I hear different numbers. I hear 200 million, I hear 600
• 40:42
  million. I hear somebody said 700
• 40:44
  million. That's like all the world's
• 40:47
  production of silver for a whole year at minimum.
• 40:51
  It's like 25%. This is real.
• 40:54
  This is happening right now, right as we are living and we're
• 40:57
  living in this environment, right?
• 41:00
  We can't underestimate. We cannot just just because it's
• 41:05
  not being fed, spoon fed to us. Here you go, Spoon feed here.
• 41:10
  Open up. It's CNN, right?
• 41:14
  Or CNBC. Buy NVIDIA.
• 41:17
  Buy it. Just because it's not being
• 41:18
  spoon fed to us doesn't mean that on a geopolitical level,
• 41:24
  the world is in a different zone right now.
• 41:27
  And guess what? That zone favors silver and
• 41:32
  gold. We'll talk about that, but even
• 41:34
  more important, if we're going to measure, unfortunately we
• 41:40
  don't measure silver with these anymore, right?
• 41:43
  You know what this is for all you new basement dwellers, huh?
• 41:47
  Is this a dollar? No.
• 41:49
  Look, guys, see at the very top silver certificate and if you
• 41:57
  look down here at the bottom, what does it say?
• 42:02
  It says $1.00 in silver payable to the bearer on demand.
• 42:08
  And if you look over there, it's from 1935.
• 42:13
  OK, No, now we value it in this. This is a regular old.
• 42:18
  You can tell because this one floats.
• 42:19
  It has wings. It's Unicorn fire.
• 42:21
  No, because, because from a monetary, from a fiscal
• 42:26
  perspective, we are in massive, massive trouble.
• 42:31
  You can't print this. OK, This is my favorite coin of
• 42:38
  all time. If you don't have one of these,
• 42:41
  you need to get one while you still can because you still can,
• 42:47
  right. 1878 Morgan dollar. Look at that.
• 42:52
  Look at the back of this thing. Look at the beauty.
• 42:54
  This is from 1878. You can still go to your local
• 42:58
  coin shop and get these. I think you can get them.
• 43:01
  Maybe you can get them from pinbacks.
• 43:02
  I'm not sure. No matter where how you get
• 43:04
  them. Look at that.
• 43:06
  OK, You can buy these probably for 40.
• 43:08
  I don't know what they cost. 50 bucks right now.
• 43:11
  You can't print those 1878. Are you kidding me?
• 43:16
  You can buy a coin. This was around when when people
• 43:20
  were driving. People were driving.
• 43:22
  Anyway, I digress. You can't print this.
• 43:25
  OK, you can print that. Let's go take a look.
• 43:28
  We're going to go on a little field trip.
• 43:32
  Basement dwellers, I think Google knows what I want.
• 43:41
  There we go. Oh, my God, how is this
• 43:45
  happening? We're not, not I, I, I swear the
• 43:48
  national debt jumped by like another 50 billion.
• 43:52
  What was the date of Somebody told us the other day that like,
• 43:55
  it was like 1500 for each U.S. citizen.
• 43:59
  It was like it went up like $1500 in three weeks per
• 44:04
  citizen. It's incredible what's going on.
• 44:06
  But here, let's go over here because it's our, we got to
• 44:09
  open, see that up there, the secret window.
• 44:12
  We'll be back for that in a little bit.
• 44:14
  Let's go down. Here we go.
• 44:16
  Dollar to silver ratio continues.
• 44:19
  I need to start writing this down.
• 44:20
  It was 724 yesterday, 729 right for each ounce of silver that's
• 44:27
  being produced in the world on an annual basis, each one oz.
• 44:31
  For each one ounce of silver that's being dug up in Peru, in
• 44:36
  Mexico, wherever right for each one of those oz the United
• 44:40
  States is printing 729 paper Unicorn fart dust Fiat make
• 44:47
  believe Fantasyland dollars 729 paper dollars through the via
• 44:52
  through the M2 money supply being created.
• 44:56
  Absolutely crazy. How many homeless people are
• 44:59
  there? 600 That's very sad. 44 million
• 45:03
  Americans living in poverty. 27 million OK, US drug deaths 120
• 45:10
  that's sad. That was really sad.
• 45:12
  All right, here we go. Let's go up to the secret
• 45:14
  window. What do you say, guys?
• 45:16
  See if we can open it. Oh, boy.
• 45:18
  Let's go down and see what this is all about.
• 45:21
  Let me make this smaller and see what they are telling us on the
• 45:24
  secret window. All right?
• 45:29
  Oh, shoot. It's going to take us out to
• 45:32
  Twitter or X. Sorry, X, there's the secret.
• 45:37
  What? OK, here we go.
• 45:41
  Imagine a world without the Fed, the new US dollar.
• 45:44
  It's elemental, based on silver and gold.
• 45:48
  Yeah. And by the way, let's remember
• 45:53
  something. That's what our Founding Fathers
• 45:57
  put in the United States Constitution, silver and gold,
• 46:03
  real money. They were against central banks.
• 46:06
  They were against money printing, right?
• 46:09
  They were against average Americans getting their wealth
• 46:12
  stolen from them by inflation. Think about this.
• 46:16
  The Federal Reserve. We didn't, we have not always
• 46:19
  had a Federal Reserve in this country.
• 46:21
  OK. Oh, Susie.
• 46:23
  Susie just texted me breaking news.
• 46:25
  Silver Susie, if we get 22 more likes, we're going to be at 400
• 46:29
  and we're going to blow the train whistle.
• 46:31
  Don Andrus, his train whistle. We didn't always have a Federal
• 46:38
  Reserve, but I want you to think about this for a second.
• 46:41
  This this guy, OK, this guy in the Federal Reserve, Jerome
• 46:50
  Powell, it's not he didn't create it.
• 46:53
  And you know, he's probably a nice guy, obviously smart guy.
• 46:56
  But talk about the dollar going to 0.
• 47:01
  Think about your U.S. dollars and it going to 0.
• 47:05
  The value of this stuff. OK, now we know this paper money
• 47:10
  since 1971 has lost almost 99% of its value when compared to
• 47:15
  gold. But their stated objective of
• 47:21
  the Federal Reserve is 2% inflation.
• 47:26
  That's theft. Even at 2%, that means the value
• 47:30
  of the dollar goes down. That means eventually, even at
• 47:33
  2%, which we all know, it's been much higher, right, the value of
• 47:38
  the dollar becomes worthless, Worthless or worthless.
• 47:43
  Either way you look at it, it's either gonna happen real slow or
• 47:47
  it's going to happen real, real fast.
• 47:50
  So that's what we know is going on.
• 47:52
  I'm going to blow the train whistle.
• 47:54
  You guys have been awesome. Thank you to Jake from Jake's
• 47:56
  Custom Parts. All right, thank you to Big
• 47:58
  Time, the Silvershire, the one and only Annie Oakley, all the
• 48:01
  moderators, and of course, our friends, Silver Susie, my lovely
• 48:04
  wife, right, who's back there supporting us.
• 48:07
  I'm going to blow the train whistle.
• 48:08
  Hold on one second. I think I need to make an
• 48:12
  adjustment so you guys can hear this.
• 48:14
  So hold on one second on the audio and Nope, I don't have to.
• 48:23
  All right, guys, here we are. Let's do let's do.
• 48:30
  A train has departed. That's this back of this train
• 48:34
  whistle has let me show you. It's very interesting to me.
• 48:39
  The what? The So 3 long.
• 48:41
  The train. The silver train has departed. 3
• 48:46
  long. Are you ready?
• 48:48
  Come on. Blow along with me.
• 49:02
  The silver and gold train have departed.
• 49:08
  It's happening. It's going to be a wild, fun
• 49:11
  ride. Next week's going to be
• 49:12
  interesting. I'm going to try to get back on
• 49:14
  here tomorrow. Hey guys, thank you for being
• 49:17
  here. Thanks to all of you.
• 49:18
  Thank you, Frank, for that super chat, my friend.
• 49:21
  Ready for the bull run? Yes, there we go, Frank.
• 49:24
  Super chats are always super appreciated.
• 49:28
  Everybody have a great day. Thanks for being here.
• 49:32
  Oh, let's I got to remember first mining gold.
• 49:35
  Thank you for sponsoring Ron's Basement.
• 49:37
  Canadian gold developer with two multi million ounce projects in
• 49:40
  Canada, gold in the ground in Canada and Fortuna mining and
• 49:45
  operating mining company. Silver and gold being mined in
• 49:49
  Latin America and gold being mined in West Africa, of course.
• 49:55
  Thank you to channel sponsor pin backs.
• 49:57
  If you want to get your hands on some gold or silver bullion,
• 50:00
  check them out. All those companies, I've links
• 50:03
  to their websites in the description of this video.
• 50:07
  Most important, thank you for being here.
• 50:09
  Thank you for your support. Thanks for being part of the
• 50:11
  basement. Have a great, great day.
• 50:14
  Be nice to yourself, OK? And I'll look forward to seeing
• 50:18
  you again soon.