Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ⚡SILVER Investor⚡- YOU Ready for THIS - ($6,000 Gold plus MAJOR Precious Metals NEWS Update)

Transcript

⚡SILVER Investor⚡- YOU Ready for THIS - ($6,000 Gold plus MAJOR Precious Metals NEWS Update) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:01
  $85 silver, $6000 gold. I'm going to give you all the
• 0:07
  reasons why we can look forward to that in the future and some
• 0:11
  examples in this video. This is probably one of the
• 0:14
  biggest, best live stream videos we've done.
• 0:16
  Guys, we are living through historic times in the precious
• 0:19
  metal sector. I just wrapped up an interview
• 0:22
  with the CEO of a Canadian precious metals mining company,
• 0:27
  and he's the one that said $85 silver.
• 0:30
  I'm like, I agree. Actually, it can go much, much
• 0:34
  higher than that. OK.
• 0:35
  The reason why is that as the dollar continues to go down in
• 0:40
  value, if we use the US dollar to measure right the price of
• 0:44
  silver, it can almost go to Infinity.
• 0:46
  I know that's nearly impossible even for me to comprehend, but
• 0:52
  that is the absolute fact we're going to talk about in this
• 0:55
  video. Examples and reasons why that's
• 0:58
  the case. Also gold.
• 1:00
  OK, we got a lot to cover. The biggest thing I want to say
• 1:03
  though, biggest thing is thank you for being here.
• 1:07
  This is just a cold, lonely basement.
• 1:09
  Just me by myself. If it's not you joining, it's a
• 1:12
  big deal. You're important, you matter.
• 1:14
  Leave a comment in the comment section, send this out, share it
• 1:18
  with your friends. We got a lot of great things to
• 1:20
  talk about with gold and silver and please subscribe to the
• 1:24
  channel. I'll only beg one more time
• 1:27
  later in the video for you to do that.
• 1:29
  Let's talk about what is happening right now.
• 1:32
  We'll start with how about $720 per oz silver?
• 1:36
  You want to hear about that? Our friend Make Gold great Again
• 1:40
  brought that up. And then we'll come back to this
• 1:42
  screen to get an update on the silver and gold price.
• 1:45
  But this came from, I'm sorry, a gold silver HQ.
• 1:49
  I apologize, $720 per oz silver guys, that is the M2 adjusted
• 1:59
  all time high. What that means is it takes the
• 2:02
  previous all time highs for silver around $50 and adjusted
• 2:07
  for the increase in the M2 money supply, which is basically from
• 2:12
  the Federal Reserve, a measurement of all the cash and
• 2:15
  liquid, the dollars that are out there in the economy.
• 2:18
  And if you adjust the all time high of silver for the increase
• 2:23
  in M2 money supply that we've had, we are at $720 per oz.
• 2:29
  He says since all official government numbers are rigged,
• 2:33
  it's safe to say that the true money supply currency units is
• 2:37
  actually much larger, which could put that number much even
• 2:40
  higher than $720. Hence the true silver price is
• 2:44
  much higher to look, no matter how you you cut it, no matter
• 2:49
  what numbers you use. And the reason why we want to
• 2:52
  look at that is numbers do matter.
• 2:54
  And when we hear numbers like $700.00 silver, $85 silver,
• 3:00
  $6000 gold, 10, or $12,000 gold, we all kind of react the same
• 3:05
  way. But the reason why we want to
• 3:07
  pay attention and be open to this is these are real numbers,
• 3:11
  real math behind all this. I'm hearing it more and more
• 3:16
  from the top analyst that really the heights that we could go to
• 3:19
  with the silver and gold price are truly unlimited.
• 3:22
  But we had a big day, big, big day.
• 3:24
  Yesterday was September 30th. That was the end of the quarter
• 3:28
  and we marked a major milestone. And there's a reason why that's
• 3:32
  important. Let's go out to see what Tavi
• 3:34
  Costa. You know what, we'll come back
• 3:36
  to Tavi, I promised you and I want to be a man of my word that
• 3:40
  we would check on do an update on the gold and silver price.
• 3:43
  Here we are at CNBC. We'll go to the gold tab and we
• 3:47
  will see. Wow, wow.
• 3:50
  Gold is up $21.00 per oz silver. We got to make that big.
• 3:55
  Let's take a look here. Up $0.95 per oz.
• 4:00
  That's for the December futures contract.
• 4:04
  Unbelievable, unbelievable guys. And look at, you know, one more
• 4:08
  time we'll look at this, look at that five year chart and what
• 4:11
  the heck, since I know you always want me to get my crayons
• 4:15
  out, this really started back in what, July of 2022, so really
• 4:21
  only three years ago, but look at that.
• 4:23
  Nice steady increase in the silver price this was not a
• 4:29
  spike. This has been a long building
• 4:32
  upward trend in the silver price, which is provided ample
• 4:37
  opportunity for things like consolidation, a strong base
• 4:41
  from which to go forward. It is so different from the
• 4:44
  1980s. We'll get to that in a second.
• 4:46
  Let's go out and look at what Tavi Costa like one one of the
• 4:50
  absolute sharpest minds in the silver and gold sector.
• 4:54
  He posted yesterday. It's official silver just
• 4:58
  reached its highest quarterly close in history.
• 5:03
  Where's the bell here? Ring the bell, baby.
• 5:08
  Why is that important? Because when we look at the long
• 5:10
  term cup and handle pattern that we've only looked at now for the
• 5:14
  838th time and we get the crayons out right, we go back to
• 5:19
  1980, right, These are quarterly closes and we go all the way to
• 5:24
  2011 quarterly closes that creates a giant cup.
• 5:29
  And then from 2011 through today that creates a handle.
• 5:33
  And as you can clearly see, as Tavi circled and I'm circling in
• 5:37
  red on a quarterly basis, we have broken out from the there's
• 5:42
  the cup, there's the handle. Can we make it more clear?
• 5:46
  But the important part thing, important, important part thing,
• 5:50
  the important thing for us to remember is that this is one of
• 5:54
  the most reliable and predictable chart patterns in
• 5:58
  all of technical analysis. And as a special added bonus to
• 6:03
  you, OK, the fact that it's gone on for that, it built over what,
• 6:07
  a 45 year period, the longer the period of time, the more
• 6:11
  powerful and predictable things are.
• 6:13
  So as you can clearly, well, maybe not so clearly, hold on,
• 6:18
  let me erase all that. There we go.
• 6:20
  Now that we've broken out, we will go higher and higher.
• 6:24
  I can't draw up beyond the screen, but envision that going
• 6:28
  so much higher. Envision numbers like $85 per oz
• 6:31
  silver, $720 per oz silver. It can go unlimited.
• 6:36
  It just depends on how long we live.
• 6:38
  Guys, I've I've said that all along.
• 6:40
  I said it when silver was $18.00 an ounce.
• 6:43
  I know you remember hearing me say it and that is that silver
• 6:46
  really or gold could go to Infinity.
• 6:49
  It just depends on what happens with the US dollar, All right?
• 6:54
  Is it a big deal? This is a big deal.
• 6:56
  ETF flows which are a good barometer or indicator for us
• 7:02
  about the amount of silver coming, I'm sorry, the amount of
• 7:05
  money, Fiat dollars coming into the silver market both from the
• 7:09
  retail investment side and the institutional side.
• 7:13
  I didn't realize this, right? And I'm going to show you the
• 7:16
  example here in a second, but we got a huge runway ahead of us.
• 7:21
  We talked about the major sources of demand for silver,
• 7:24
  right, Industrial, we know that growing, OK Jewelry, which is
• 7:29
  almost 1/5 of all silver demand growing OK.
• 7:33
  But on top of that, investment in investment demand hasn't even
• 7:37
  started yet. And I'm going to show you this
• 7:40
  example right now, which makes it crystal clear and shows us
• 7:43
  that we've got just a massive opportunity, a massive runway
• 7:48
  for improvement. I mean, like the flood, the
• 7:50
  Silver floodgates could open. Honza Serenade.
• 7:54
  Hello. Hanza.
• 7:55
  Put this out. If silver were in a bubble, ETF
• 7:58
  allocations would be blowing out.
• 8:01
  They're not fresh. Data show price up.
• 8:04
  Allocations still very light. Let's dig in.
• 8:09
  And then I gotta tell you something that that CEO said to
• 8:12
  me. And you can watch the video
• 8:13
  interview. We're gonna get it edited and
• 8:15
  out tomorrow. But back to this chart, this is
• 8:19
  ETF market share of the silver ETF versus all other ETF assets.
• 8:27
  And as you can see on this chart, so this is, you know how
• 8:31
  much of the entire ETF market do the silver ETFs account for?
• 8:37
  As you can see back in 2011, last time we got $50 silver, it
• 8:41
  was almost right there at 2%. If we look at today right here,
• 8:49
  OK, we are maybe, maybe right, let's put that about right here
• 8:56
  at .3 per, I'm getting good at this percent, OK, to get from
• 9:05
  .3% to 2% would be at least 6X more money coming into the ETFs.
• 9:15
  This is all. And so that's the reason why
• 9:17
  that's important. And because that's also all part
• 9:20
  of this big picture for the fundamental argument that silver
• 9:24
  is still undervalued. Now look, I'm not a financial
• 9:27
  advisor. Don't make any financial
• 9:29
  decisions based on what I'm saying.
• 9:31
  Always be responsible, all that great stuff.
• 9:34
  But from a fundamental perspective.
• 9:36
  And then when you factor in, OK, a potential for increased
• 9:40
  investor demand with what's going on with industrial demand
• 9:44
  and the Super duper silver cherry on top, the fact that
• 9:48
  2016 marked peak silver, why is that important?
• 9:53
  Because in 2016, the silver mining in the industry produced
• 9:57
  more silver, I guess, than any other time in history.
• 10:00
  And since 2016, the silver mining industry has been in a
• 10:05
  declining state. There's been less and less
• 10:07
  silver produced every year, which explains why when you look
• 10:11
  at this like this beautiful 10 oz Folds of Honor bar that I
• 10:15
  have in my hands right there from channel sponsor first meant
• 10:18
  that we can say today there is less of this on the face of the
• 10:23
  earth than there was yesterday. Oh, and coincidentally, we've
• 10:26
  been able to say that for the last five years straight.
• 10:28
  I do want to say thank you. Take a look one more time at
• 10:31
  that. This thing, it's so heavy I can
• 10:33
  barely hold it up. And it's beautiful.
• 10:35
  It's the Folds of Honor 10 oz American flag are from channel
• 10:40
  sponsor first meant. I'm very grateful for their
• 10:43
  sponsorship. First meant is owned by Keith
• 10:45
  Newmyer's first majestic silver. So they mine the silver in
• 10:50
  Mexico ship at the Las Vegas NV where it's transformed into
• 10:54
  those world class silver bullion products.
• 10:57
  But then it goes straight to you.
• 11:00
  So the silver you get from First Mint goes from the mind to the
• 11:03
  meant to you. The COMEX in the LBMA.
• 11:06
  Did you notice something? The electronic exchanges,
• 11:10
  they're not involved in it at all.
• 11:11
  It is Comex and LBMA free silver.
• 11:14
  It's beautiful and it's the freshest silver out there,
• 11:18
  right? It is literally straight from
• 11:20
  the ground. Thank you to 1st Mint for
• 11:22
  sponsoring Ron's basement. You can go to their website,
• 11:25
  rightfirstmint.com. Check them out.
• 11:28
  Free shipping over $299. Great selection, great service,
• 11:32
  a company you can trust, right? Keith Neumeyer heads up the
• 11:36
  whole operation and Susie told me the other day she was reading
• 11:41
  through some of the comments you guys are leaving, how happy
• 11:44
  everyone is with the products that they're getting from First
• 11:46
  Mint. So thank you to 1st Mint.
• 11:49
  Though Speaking of the Comex, there's a reason why we want to
• 11:53
  pay attention to what's going on at the COMEX and the LBMA.
• 11:56
  The London Bullion Market Association, those fine boys and
• 12:00
  girls over in the United Kingdom who've been exerting undue
• 12:05
  influence upon the price of silver and gold now for decades,
• 12:08
  some might even say centuries, right?
• 12:11
  There's big, big, big dislocations going on between
• 12:14
  the COMEX and the LBMA, both from an inventory level, both
• 12:18
  from an EFP perspective. Oh you, I don't know what EFP
• 12:22
  stands for. Well, Google it or stay here
• 12:27
  with me. It means exchange for physical.
• 12:30
  It's the difference between the London spot price, I think it is
• 12:33
  in the COMEX futures price, which we just looked at for
• 12:36
  silver at CNBC, which is up $0.95 per oz.
• 12:40
  Anyway, there's all kinds of nutty stuff going on.
• 12:42
  They've been manipulating the price of silver down for
• 12:45
  decades. That's been proven.
• 12:46
  JP Morgan got almost a billion dollar a dollars in fines,
• 12:51
  right? It's the reason why the supply
• 12:53
  of silver is so far down because they pushed the price down for
• 12:56
  years and years. So nobody had money to explore
• 12:59
  and there was no incentive to explore and find new silver
• 13:04
  projects or develop them through the permitting phase to create
• 13:07
  new mines. Which is why we are sitting so
• 13:11
  beautiful right now because it takes like 10 years to go
• 13:14
  through the whole process of exploring, developing, building
• 13:17
  minds. That's if you can then.
• 13:19
  And then you got to actually mine it, which is also
• 13:21
  difficult. Anyway, I digress.
• 13:23
  It's all thanks to our friends at the Comex and the LBMA.
• 13:27
  And let's look and see just how much really like pure
• 13:31
  manipulation is going on with the price of silver.
• 13:34
  We're going to head out to our friend.
• 13:36
  If I got the right screen here, the dude right on X the dude and
• 13:43
  it this is Monday's data and yesterday was crazy as well, but
• 13:46
  Monday was really crazy. The silver market traded
• 13:50
  606,000,000 paper papel ounces of silver on Monday.
• 13:58
  OK, guys, guys that represents are you, are you a mathematical
• 14:03
  wizard? Can somebody do the math for me?
• 14:06
  If the entire mining sector produces 800 million ounces of
• 14:11
  silver the entire year, working 24 hours a day, seven days a
• 14:17
  week, 365 days a year, the silver mining industry produces
• 14:22
  about 800 million oz. If the COMEX.
• 14:26
  The COMEX trades 600 million paper ounces in one day.
• 14:33
  And like I said before, right, they only do it like five days a
• 14:37
  week, and they got all kinds of holidays and it's open for what,
• 14:39
  like 6 1/2 hours, whatever. Doesn't that mean that the COMEX
• 14:46
  in one day traded the equivalent of 3/4 of an entire year's
• 14:50
  mining output for the entire silver mining industry one day?
• 14:56
  3/4 of an I mean, it's insane, but no, no, no, no.
• 15:01
  Well, we'll just ask our good friends at JP Morgan and Goldman
• 15:05
  Sachs. They'll tell us.
• 15:06
  We know it's a free market. We are not manipulating the
• 15:09
  price of silver or gold for that matter.
• 15:12
  Of course they're not. It just seems a little funny to
• 15:15
  me. I don't know how you feel about
• 15:17
  that. OK, look, one of, and there's a
• 15:23
  big reason why this is important.
• 15:24
  One of the one of the key components that's really been
• 15:28
  missing in the overall precious metals.
• 15:32
  Hold on, fix my chair. You can watch me struggle.
• 15:34
  I'm going to fall out of my chair.
• 15:36
  One of the things that's been missing in this precious metals
• 15:38
  rally is involvement by the Western investors.
• 15:42
  OK, And look at this data that is showing us at least on the on
• 15:47
  the gold side. Oh, and then we've got news
• 15:49
  also, I'll share with you on the silver side.
• 15:51
  But on the gold side, we are starting to see some pick up.
• 15:56
  Here we go. And in ETF flows, OK, we'll set
• 16:02
  aside the whole argument. Do they really have the silver?
• 16:05
  Do they really have the gold? But in this chart is you can
• 16:07
  clearly, clearly see on the left hand side you have the US
• 16:11
  dollars price of gold in ounces, which is the gold line or red
• 16:17
  line, I guess orange line, I don't know on this chart.
• 16:21
  And then the black line represents total holding and
• 16:24
  gold back ETS. And as you can see they are now
• 16:27
  beginning to rise in tandem. People are waking up the
• 16:34
  sheeple, not you. You're not a sheeple, right?
• 16:36
  You're one of the persons who got on the gold and silver
• 16:38
  lifeboat, got off the Titanic on the 1st lifeboat.
• 16:42
  But the people who are still on the, on the Titanic partying
• 16:45
  with Jerome Powell and in the in the New York Stock Exchange,
• 16:49
  like, hey, everything's awesome, everything's great, right?
• 16:51
  They are starting to wake up. And guys, look, we are early.
• 16:56
  We are likely and still the second.
• 17:00
  OK, thank you Susie. I'll ring the gold.
• 17:02
  I'll hold on. Let me get this back up.
• 17:04
  I'll ring the Golden Dawn here in a little bit when they come,
• 17:07
  when they join, there's not going to be any silver at your
• 17:10
  local coin shop. There's not going to be any gold
• 17:12
  at your local coin shop. Now I don't have a crystal ball.
• 17:15
  Like I said before, don't make any financial decisions based on
• 17:18
  what I'm saying, but be prepared before I forget, I want to say
• 17:22
  thank you to someone very special first mining gold.
• 17:25
  That's the stock I owned long before they sponsored my
• 17:28
  channel. OK, you're before I own the
• 17:31
  stock, believed in the company. Again, I'm not a stockbroker,
• 17:34
  I'm not a financial advisor, but I believe the First Mining Gold
• 17:38
  is well positioned to capitalize on what is happening not only in
• 17:42
  the precious metals price arena, but also in the gold and silver
• 17:46
  mining sector. They're a development stage
• 17:48
  company. They have two multi million
• 17:51
  ounce projects in Canada, Spring Pole in Ontario and Du Parquet
• 17:56
  located in Quebec. Millions of Oz of gold in the
• 18:00
  ground. It's been drilled, it's been
• 18:01
  defined, and now they're working through the development phase,
• 18:05
  permitting all the work that goes into that.
• 18:07
  The cool thing is right there in a very unique situation.
• 18:11
  These are huge projects in a great jurisdiction like Canada
• 18:14
  in the big mining companies who are basically printing money
• 18:18
  right now. The barracks, the Newmont's, all
• 18:21
  the big mining companies, right? They've kind of and neglected
• 18:24
  their pipeline over the years. So they need to replace all
• 18:27
  those Oz that that they've been digging up over the last 10
• 18:31
  years. And not only do they have to do
• 18:33
  that, but now suddenly they're all focused not only on
• 18:37
  replacing, but growing their production as well.
• 18:40
  That could put first mining gold in a very, very enviable spot as
• 18:45
  we move into the future. Look, no guarantees.
• 18:48
  It's just something a company that I really believe in.
• 18:50
  If you want to learn more about them, go out to 1st
• 18:53
  mininggold.com and you can check them out.
• 18:55
  Are things really different? You know what, I'm going to go a
• 18:58
  little bit extra long. Are things really different now
• 19:02
  than they were, let's say in 2011, 2019, 80, especially with
• 19:07
  silver, We're going to hit on that.
• 19:08
  But let's look at what's going on in India because you know
• 19:12
  that the eastern countries are becoming the go to for what is
• 19:16
  happening in the silver and gold market.
• 19:19
  This came from Reuters. Reuters mainstream media paying
• 19:24
  attention to gold and silver India September gold and silver
• 19:29
  imports nearly double despite record prices.
• 19:34
  That's what their sources are telling them.
• 19:37
  Let's just read a couple quick paragraphs.
• 19:40
  India's imports of gold and silver nearly doubled in
• 19:43
  September from August. Define record high prices as
• 19:48
  banks and Jewelers rush to build inventories ahead of festivals
• 19:52
  and escape higher taxes on imports, trade and government
• 19:56
  and government sources said. OK, so that's happening there.
• 20:01
  Let's talk about what's different now than the 1980s.
• 20:04
  I'm going to pull up some notes because people say, oh, you
• 20:07
  know, silver hit $50.00 in 1980s, silver hit $50.00 in
• 20:13
  2011. The guy?
• 20:14
  Mike Maloney. I was listening to him last
• 20:17
  night. He had some.
• 20:18
  There's a reason why things are different now and they brought
• 20:22
  up some very, very good points. Number one, this like we looked
• 20:25
  at that chart earlier in terms of the amount of time that
• 20:29
  silver in particular has stayed above $40 is much longer now
• 20:33
  than any of these previous times in the past.
• 20:36
  Those price increases that we had in silver in 1980 and 2011
• 20:40
  were much more spiky in nature. They were like super spikes.
• 20:44
  They shot up and they came back down.
• 20:46
  As I've already shown you, what we are experiencing now is not a
• 20:49
  squeeze, it's more like a squeeze.
• 20:58
  Right. A long drawn out period of
• 21:00
  support consolidation up and down, OK.
• 21:05
  And this, these aren't all things that he said.
• 21:06
  I don't want to put words in the in his mouth.
• 21:09
  Back in 1980, only the United States and Europe were driving
• 21:12
  the price increase. Now we've got these big and
• 21:15
  we're going to look at some crazy more.
• 21:17
  Well, I'll tell you another crazy fact about India in a
• 21:20
  second, but we've got India, China, Russia, Asia, the rest of
• 21:24
  the world that are the major players in the pressure precious
• 21:27
  metals guys. OK now, and this is the shocking
• 21:31
  part, this this goes along and adds even more evidence to what
• 21:34
  we talked about later. We now have sit down, take a
• 21:38
  big, big breath. We now have 80 times more
• 21:42
  currency on the planet now than we did back then. 80 times more
• 21:48
  of this. Haven't had this out for a
• 21:50
  while. I'd like to introduce you to
• 21:52
  paper Fiat money. There's 80 times more of this.
• 21:56
  The more of this you print. You can print this all day long,
• 22:00
  right? But here's a beautiful here's a
• 22:02
  Las Vegas silver round from our friends at first met.
• 22:06
  We already talked about them. But look at that, beautiful.
• 22:08
  You can't print this. This gets mined out of the
• 22:11
  ground. There's 80 times more of this
• 22:13
  printed now than what we had back during the last times that
• 22:17
  we had $8050 per oz on silver. And think about the debt levels
• 22:22
  in the world, the debt to GDP ratios, all that we have 340
• 22:27
  trillion dollars, $340 trillion in debt in the world right now,
• 22:33
  OK. And we know the simple math that
• 22:36
  a lot of people done, even if we use the official inflation
• 22:40
  numbers, right, the the 1980 high in silver, if we adjust
• 22:46
  that for inflation since then that would be the equivalent.
• 22:49
  Some people say close to 200. I've heard $150.00 per oz today.
• 22:54
  Keep smiling guys. We got a lot lot going on.
• 22:57
  Oh, the other thing about India, Indian housewives, yes, Indian
• 23:03
  housewives own 11% of the world's gold.
• 23:07
  Let that sink in. India just had record or massive
• 23:12
  huge increase in imports of silver and gold in September.
• 23:17
  This is crazy. This is a good one.
• 23:21
  OK, it's making all the headlines probably heard right.
• 23:25
  Because of the price of gold going up, the value of the gold
• 23:28
  held at Fort Knox in the United States has now surpassed $1
• 23:32
  trillion. And people are like, oh, not,
• 23:36
  not Mnuchkin. What's the guy's name?
• 23:38
  And not your own Powell, the guy who's the Treasury Secretary,
• 23:41
  that smug guy. Anyway, people are saying, oh,
• 23:44
  the US is going to monetize the gold because when you take the
• 23:48
  8000 tons that we have at current prices, it's worth a
• 23:51
  trillion dollars. Think about this.
• 23:54
  Sorry, I'm this makes me mad because it makes the founding
• 23:57
  fathers mad too, right. Hamilton.
• 24:00
  I almost said Jefferson, but I don't think he was founded, but
• 24:02
  Washington. Right, right.
• 24:04
  Think about this guy's Yeah, sure, sure.
• 24:07
  Butter cups. We got a trillion dollars worth
• 24:09
  of gold. Whoop Dee whoop Dee whoop.
• 24:12
  You forgot to mention something very important.
• 24:15
  We also have 38 trillion with AT in debt in this country.
• 24:22
  Oh, I don't need do I need to pull it up the US debt clock
• 24:25
  whatever, 37, whatever. Let's say we have 37 trillion in
• 24:28
  debt. Think about that.
• 24:29
  OK, we have 1 trillion in gold, but we have 37 trillion in debt.
• 24:35
  That would be like, according to my to my calculations, that
• 24:39
  would be like you. I want you to imagine, OK, that
• 24:44
  you have $10,000 worth of gold. What about 3 oz.
• 24:49
  OK. But the exact equivalent of what
• 24:53
  the United States has in gold to debt would be you with $10,000
• 24:57
  in gold, but $370,000 in debt. OK, That doesn't really make a
• 25:05
  dent, right? 10,000 to 370,000, right?
• 25:09
  It's 37 times more. the US debt is 37 times more than the amount
• 25:16
  of gold that we have Now. If they want the gold price,
• 25:19
  what would that be? I don't know.
• 25:21
  I can't even do the math. What would that be?
• 25:23
  Over $100,000 per oz in gold to match the value of the gold to
• 25:28
  the debt? That would be one thing.
• 25:31
  But ignore the mainstream media when it comes to things like
• 25:37
  silver and gold. OK, guys.
• 25:39
  Hey, look, we have an unlimited situation, really, when it comes
• 25:44
  to the price of the precious metals.
• 25:46
  There's a lot going on out there.
• 25:48
  Oh, I do need to ring the golden gong.
• 25:50
  Let's do that real quickly. Gong.
• 25:52
  Here we go. There's Susie.
• 25:54
  We got 100 thumbs up. Hey, please subscribe to the
• 25:57
  channel. I want you to come back here and
• 25:58
  join me in the basement, but we'll do three rings of the gong
• 26:01
  for you since we got 100 thumbs up 1-2.
• 26:07
  Listen to it resonate. Oh yeah, we we hit.
• 26:14
  Thank you Susie guys, another big thing with the channel.
• 26:20
  I just want to say thank you right.
• 26:21
  What's really important is that we get together down here in the
• 26:24
  basement that you feel part of this community like I said
• 26:27
  earlier this is just a cold, damp, dark basement that I'm
• 26:32
  locked down thanks to my wife upstairs Susie and it's nothing
• 26:35
  without you so thank you for being part of this.
• 26:39
  You guys have now gotten us to a point where we have 59,000
• 26:42
  subscribers, which four years ago when I started this journey
• 26:46
  would have just blown my mind. So from the bottom of my heart,
• 26:49
  the bottom of Susie's heart, thank you for feeling like
• 26:53
  you're part of this. Thank you for for being part of
• 26:56
  the, I guess, shared mission that we have, right?
• 26:58
  Our love for precious metals, our love for non Fiat
• 27:02
  investments. It's a big, big, big deal.
• 27:05
  I appreciate each and everyone of you.
• 27:07
  We're in for some real exciting times in the future.
• 27:11
  Like I said four years ago when I started this journey learning
• 27:15
  about YouTube, it was me in the basement.
• 27:17
  I still have it. I have 6 light bulbs and $100
• 27:22
  cell phone. I do everything on my phone now
• 27:24
  I have a webcam. But but but what really made
• 27:27
  this is the community and the group of people coming together.
• 27:31
  So thank you so much have a great day.
• 27:33
  OK, take care of yourself and I will see you.
• 27:37
  Yes you soon take care. Bye bye.