Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / ⚡SILVER Investor⚡- YOU Prepared for THIS - (MASSIVE Alert and News Update for Gold and Silver Price)

Transcript

⚡SILVER Investor⚡- YOU Prepared for THIS - (MASSIVE Alert and News Update for Gold and Silver Price) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:02
  We have big breaking news from Elon Musk that Will Rock the
• 0:06
  world's political, economic and precious metals sectors.
• 0:10
  We're going to dig into that in this video.
• 0:13
  We're also going to talk about $62.00 silver reasons why we can
• 0:18
  look forward to that possibly in the very near future.
• 0:21
  But most importantly, thank you for being here.
• 0:24
  Please subscribe to the channel. We're still running that special
• 0:27
  where it's free to subscribe. Duron's basement.
• 0:30
  It's a big deal when you're here.
• 0:32
  This is not possible without you.
• 0:34
  You are important. We value you.
• 0:36
  We want you to come back. How did you get in my basement,
• 0:39
  right? Please come back, subscribe,
• 0:40
  give this video a thumbs up. Enough of that stuff.
• 0:43
  Let's talk about $62.00 silver and then don't forget big
• 0:47
  breaking news from Elon Musk. But let's start with our feature
• 0:51
  of the day. Our friend Rashad who out on X
• 0:55
  is posting this. Silver has been trading within
• 0:59
  14 months. Hold on here, we're having some
• 1:02
  technical problems. There we go. 14 month rising
• 1:04
  channel. I think silver is going to break
• 1:07
  out higher from the channel very soon.
• 1:09
  If not next week move to $40 is going to be lightning fast.
• 1:15
  We like that. Rashad then pause for a week or
• 1:18
  so and parabolic run to the 58 to $62.00 level by mid August.
• 1:24
  This is not the financial advice from him or me for that matter,
• 1:29
  but when we look at his chart and what he's talking about
• 1:32
  here, we can see some very, very interesting developments right
• 1:36
  now. Two of which he has highlighted
• 1:39
  are these wedge patterns that are occurring.
• 1:42
  And guys, we've talked about it many, many times here on the
• 1:46
  channel. Once we get the silver price up
• 1:48
  above 3750 per oz, we will be off to the races.
• 1:53
  But then he brings up something I think even a little more
• 1:56
  interesting when it comes to investing.
• 2:00
  He says for silver to reach my $60.00 target, it will have to
• 2:04
  gain 60%. Imagine what happens to the
• 2:07
  silver miners, particularly to the junior sector.
• 2:12
  Real money will be made in minors, not silver.
• 2:16
  And I can tell you with no uncertain terms because I do own
• 2:20
  the silver miners, I do own a lot of the silver exploration
• 2:24
  stage companies. OK, I'm not giving financial
• 2:26
  advice, but companies like Dolly Varden and silver companies like
• 2:30
  Suma Silver, BlackRock Silver Silver 47, Capitan Silver down
• 2:35
  in Mexico, one of my other favorites, a Silver Mountain
• 2:39
  Resources, these, these stocks have not really moved yet.
• 2:42
  And these are companies that have a lot of silver in the
• 2:45
  ground, OK, And I'm not being sponsored, I'm not being paid to
• 2:49
  say this, but you can literally buy silver in the ground a lot
• 2:52
  of times for $0.50 or a dollar per oz.
• 2:56
  Now there's a lot that has to go on to get that silver from being
• 2:59
  in the ground to in this form right here, right, which is my
• 3:04
  favorite piece of silver of all time, the one ounce Buffalo
• 3:08
  round from our friends and channel sponsor over at
• 3:12
  Firstman. And while we're on that subject,
• 3:15
  yeah, look at that. I love this.
• 3:16
  This is my favorite piece of silver of all time.
• 3:19
  OK? It used to be the South African
• 3:21
  crew, Grant, everybody has their favorite right now.
• 3:23
  It's the one ounce Buffalo with the Indian Head from First Mint.
• 3:27
  First Mint is a very unique company, OK?
• 3:30
  Number one, they do sponsor Ron's basement, so thank you for
• 3:33
  that. But they're owned by First
• 3:34
  Majestic Silver, which is Keith Neumeyer's silver juggernaut
• 3:38
  company. So first, excuse me, First Mint,
• 3:42
  right, gets their silver from First Majestic Silver, who mines
• 3:46
  it in Mexico, ships it to Nevada, excuse me, to Nevada
• 3:53
  where the mint is located, where it's made into world class
• 3:57
  bullion products. They've got silver rounds, they
• 4:00
  have silver bars, but they're all unique to first met.
• 4:04
  But what's really unique about First Mint is they are from the
• 4:08
  mine to the mint directly to you.
• 4:11
  There's no COMEX, there's no LBMA and they're producing Made
• 4:15
  in America, minted in America, really awesome products.
• 4:19
  You can check them out at First mint.com and they have a
• 4:22
  discount code. OK, Remember, Remember the
• 4:24
  discount code VIPRB, VIPI think RB maybe stands for Ron's
• 4:30
  Basement. Thank you, First Mint, for
• 4:32
  sponsoring us here. And yeah, these mining stocks
• 4:35
  have so much room for growth. It's absolutely incredible.
• 4:39
  Let's talk about what Rashad has to say about gold because gold
• 4:42
  is the granddaddy of all the precious metals, and he's got
• 4:46
  optimistic things to say about gold as well.
• 4:49
  We love Rashad. And, you know, do you agree with
• 4:51
  him? I agree with him on silver.
• 4:53
  And we got more to talk about with silver a little bit later.
• 4:57
  China, big news out of China with silver, but we also need to
• 5:01
  talk about what's going on. Big breaking news with Elon Musk
• 5:05
  that can really upset every apple cart out there.
• 5:08
  But when it comes to gold, Rashad says gold continues to
• 5:13
  hold above the 1.5 year channel for nearly three months post
• 5:19
  breakout. This setup looks extremely
• 5:22
  bullish to me and I expect it to start breaking out to new all
• 5:27
  time highs during the month of July.
• 5:29
  Let's pull this up. Wow, what a absolute beautiful
• 5:33
  chart. And we're going to look at
• 5:34
  another gold chart a little bit later, but this is what he's
• 5:37
  talking about right here, OK, That three month period where it
• 5:41
  has broken out and as he projects up to here, we've got
• 5:45
  big banks telling us that we could get a gold price of $4000
• 5:49
  by year end. I absolutely think it's
• 5:51
  possible. Look, I went through some very
• 5:54
  difficult times down here in the basement 234 years ago.
• 5:58
  I was we were together every single day when silver was 14
• 6:02
  fifteen, $16.00 per oz gold. Remember gold it would start to
• 6:07
  take off and pull back. We were down here when gold was
• 6:10
  1600 eighteen $100 process. As a matter of fact, that bear
• 6:14
  right there, that big teddy bear, those of you have been
• 6:17
  basement dwellers for a long time.
• 6:19
  Remember the had a blindfold on that said $2500 and that we
• 6:23
  would take it off when gold hit $2500.
• 6:25
  Well, guess what that happened guys.
• 6:27
  When people give you a hard time about your bullishness about
• 6:30
  precious metals, OK, just remember, just remember gold was
• 6:35
  what like almost half of what it was right now not too long ago.
• 6:40
  Silver, same thing. OK, good things are coming.
• 6:43
  We know the underlying facts and we'll dig into more of those
• 6:46
  here in a little bit later. The other thing that we want to
• 6:49
  talk about are the gold mining stocks, which as well let's look
• 6:53
  at this other gold chart that I promised you because we just
• 6:56
  wrapped up the second quarter, OK, April, May and June, that's
• 7:00
  Q2 of the year for the gold miners, OK.
• 7:03
  And when we look at it at the at the price of gold over that
• 7:07
  period, what we can expect, because we're going to start to
• 7:10
  get earnings from these big mining companies soon is blow
• 7:14
  out numbers. And I'll show you exactly why.
• 7:17
  Right now. Here we go to Yahoo for a six
• 7:22
  month chart of gold and look at this absolutely beautiful piece
• 7:28
  of work by the gold price. There we go.
• 7:32
  Hold on here. All right, let's try that again.
• 7:36
  Uh oh. Hold on, folks.
• 7:39
  All right now, it'll work. OK.
• 7:42
  There's six months circled in red.
• 7:45
  This is the current gold price, $3346.
• 7:50
  This is a six month chart starting on January 1st, right?
• 7:54
  And ending Friday, if we look at the midpoint right here, OK,
• 8:01
  that's the March 30th, March 31st, March 30th.
• 8:05
  Anyway, the gold price, OK, as you can see, did very well
• 8:09
  during the first quarter, no doubt about it, but really was
• 8:12
  below 3000. On average.
• 8:14
  I would say we were about 29. That's a ugly 90.
• 8:21
  Wow, $2900 per oz this period from here to here, which is the
• 8:26
  quarter that we just wrapped up. If we look at that, I would say
• 8:31
  that we've had an average gold price of around $3100 per oz.
• 8:38
  Now I need one of you who's really smart to do some advanced
• 8:40
  mathematics for me. But according to my
• 8:42
  calculations, that means that in the second quarter, the gold
• 8:45
  price averaged about 200, $200 per oz higher.
• 8:54
  Why is that a big deal for a gold mining company?
• 8:57
  Because basically guys in the second quarter, that extra $200
• 9:02
  is pure profit. Their expenses did not go up.
• 9:06
  As a matter of fact, when you look at the oil price, their
• 9:08
  expenses overall may have gone down a little bit.
• 9:11
  We are going to get blowout numbers in the second quarter
• 9:15
  from the big gold mining companies, numbers that are
• 9:18
  going to shock Wall Street. Why is that good for the gold
• 9:21
  price and the silver price as well?
• 9:24
  Because that will bring more attention to the overall
• 9:27
  precious metal sector, which we know in no uncertain terms has
• 9:32
  been neglected, right? It's been like the the forgotten
• 9:35
  stepchild, the whole precious metal sector for for decades.
• 9:40
  And when the attention comes back, it could be explosive in
• 9:44
  particular, in particular for the junior mining sector, both
• 9:49
  in the gold and silver mining areas.
• 9:50
  Now that gives me a great opportunity to say thank you
• 9:54
  right there to our friends at First Mining Gold.
• 9:56
  They are a junior gold mining development stage company.
• 10:00
  This company is awesome. They have millions of Oz of gold
• 10:04
  in the ground in Canada. Where else would you want to
• 10:07
  have your gold, right if you're not going to hold it right?
• 10:09
  Like I don't hold any gold here at home.
• 10:11
  I own gold mining stocks. I'd like to have that gold in
• 10:15
  the ground in Canada. It's been drilled, it's been
• 10:17
  determined that it's there First.
• 10:20
  Mining Gold has two huge projects, Du Parquet in Quebec
• 10:24
  and Spring Pole in Ontario, and they have a third project which
• 10:29
  has about a million ounces of gold in the ground.
• 10:31
  The Cameron project, also in Canada, they're working through
• 10:36
  the development stage, the permitting stage.
• 10:38
  It's this drilling. Decades of drilling have been
• 10:41
  done on both of these projects, hundreds, over $100 million
• 10:45
  invested in drilling to determine that the gold is
• 10:48
  actually there. Now they are working through
• 10:51
  what's called the development stage, which is getting the
• 10:54
  permits, advancing the permits, very exciting company.
• 10:56
  It is a stock that I own. I am not a financial advisor.
• 10:59
  I'm not giving financial advice, but in Full disclosure, it's a
• 11:03
  stock that I owned well before they sponsored my channel so do
• 11:07
  your own due diligence. I'm excited about the prospects
• 11:11
  OK for physical gold, physical silver and for the mining stocks
• 11:16
  OK guys, let's talk about Elon. It's that time, right?
• 11:20
  Big breaking news over the weekend, right?
• 11:22
  Happening right now. Elon Musk has announced that he
• 11:26
  is starting a new third political party here in the
• 11:29
  United States. This could send shock waves, and
• 11:32
  I'm going to give you the reasons why through the
• 11:34
  political system, through the economic system, and I believe
• 11:38
  ultimately through the precious metals sector as well.
• 11:41
  But let's go out and get the latest updates that we can on
• 11:45
  this breaking news story and we'll go to 0 Head.
• 11:49
  She says it's official. Elon Musk's America Party is
• 11:54
  what it's called registers with the Federal Election Commission.
• 11:57
  We got a lot to cover here. A new filing with the FEC
• 12:00
  confirms America's party is now official is.
• 12:04
  The billionaire sets out to challenge the entrenched
• 12:07
  uniparty duopoly in Washington. Musk has voiced deep
• 12:11
  frustrations with GOP lawmakers over their failure to codify the
• 12:16
  doge cuts and President Trump's big, beautiful bill, which was
• 12:20
  signed into law on in Independence Day.
• 12:22
  This is not a political channel. I'm just reporting the news,
• 12:26
  Okay? But this is very interesting.
• 12:28
  Here's the paperwork registered at #1 Rocket Road.
• 12:33
  And that's where SpaceX is also headquartered.
• 12:37
  They've got their CFO from I believe Tesla, who's the like
• 12:42
  the head guy on this. There's the actual paperwork.
• 12:45
  All right, let's get down to some more meat here.
• 12:48
  Here we go. This was one day after his Musk
• 12:51
  put a poll on X asking his followers whether USA needs a
• 12:55
  new political party. Elon Musk announced on Saturday
• 12:58
  that the Americas Party was formed.
• 13:00
  So he put a poll out. He said by a factor of 2 to 1,
• 13:03
  you want a new political party and you shall have it, Musk
• 13:07
  wrote Today. The America Party is formed to
• 13:10
  give you back your freedom. So the whole point here is this
• 13:14
  idea that basically the Republican and Democratic Party,
• 13:17
  they call it a duopoly, right? That that they and that I'm not
• 13:21
  saying anything again, not a political channel, but that they
• 13:24
  both have basically kind of to a certain degree become the same
• 13:27
  thing. Maybe some people might
• 13:29
  speculate controlled by the the big money people, but I'll leave
• 13:35
  that one alone. When it comes to bankrupting our
• 13:37
  country with waste and graft. We live in a one party system,
• 13:41
  not a democracy. That's what Musk said.
• 13:44
  OK. The announcement comes after
• 13:46
  1.25 million people voted yes to whether he should create the
• 13:52
  America Party. Independence Day is the perfect
• 13:55
  time to ask if you want independence from the two party
• 13:58
  or some would say uniparty system should we create the
• 14:02
  party. The announcement comes one day
• 14:04
  after Trump signed the signature tax and spending bill, which
• 14:07
  must was vehemently opposed to for weeks, which resulted in a
• 14:10
  very public falling out with Trump, whose campaign must spend
• 14:14
  hundreds of millions of dollars promoting.
• 14:16
  And then Steve Bannon attacked him also in his calling Elon
• 14:22
  Musk, Elmo the MOOC MOOC. I don't really get that.
• 14:26
  But anyway, so that's the latest there in Bannon Elmo the MOOC
• 14:32
  formerly Elon Musk is at it again today.
• 14:35
  The goal for him as a foreigner to run on Twitter poll about
• 14:38
  starting an American political party.
• 14:40
  News flash, you're not I mean, it's it is getting vile in this
• 14:43
  country. You're not an American.
• 14:45
  You're a South African billionaire meddling in our
• 14:47
  politics. So guys, big major news coming
• 14:50
  outlook. We got to remember the reason
• 14:54
  why we need to pay attention to what Elon Musk is doing.
• 14:57
  Elon Musk, love him or hate him, has had some major, big
• 15:00
  accomplishments in his life. He started SpaceX, which is
• 15:04
  basically replaced NASA. He started Tesla from scratch,
• 15:08
  right, which has become a very successful electric vehicle
• 15:12
  company. And there's a whole other list
• 15:14
  of major successes that he's had in his life.
• 15:17
  So to think that this situation is not something that we need to
• 15:21
  keep very close tabs on, I believe would be a huge, huge
• 15:26
  mistake. And some of the ideas that he's
• 15:28
  talking about, I believe obviously do resonate with a
• 15:32
  large percentage of the American population.
• 15:35
  I mean, we're spending so much money, right, and racking up so
• 15:39
  much debt. And again, not a political
• 15:40
  statement, but the, the, the debt and deficit situation and
• 15:44
  even what this most recent legislation is going to do is
• 15:47
  leading us down a path of ruin. That's why we talk about why,
• 15:52
  how this could impact the, the value of precious metals, right?
• 15:55
  There's almost no way out that doesn't result in a further
• 15:59
  dilution and devaluation of this thing.
• 16:03
  This old boy, oh, here it comes. Woo.
• 16:06
  It's floating across the screen, the paper dollar.
• 16:09
  So we're going to keep a close eye on that.
• 16:11
  A big big developing more developing big news.
• 16:15
  Nobody's talking about it. And that's why I think this
• 16:17
  could be wind up being one of the biggest news stories you
• 16:19
  ever noticed that like the things that turn into the big
• 16:22
  news stories nobody saw coming, right.
• 16:25
  Remember last year the big all the hula hoopra hula hoorah
• 16:31
  around the bricks summit. Oh, we're going to get a gold
• 16:34
  backed currency and blah blah and all this speculation about
• 16:37
  what was going to happen. It was kind of a nothing burger.
• 16:40
  Well, the exact opposite is happening right now because you
• 16:43
  may not even realize unless you're digging in deep to the
• 16:46
  news that right now the BRICS Summit is happening in Rio de
• 16:50
  Janeiro, Brazil. OK.
• 16:53
  I think that what we can expect out of this BRICS Summit could
• 16:57
  be some major big news. And let's talk about why I think
• 17:01
  that could be a big deal for precious metals because because
• 17:06
  while last year everybody was was was so excited about this,
• 17:10
  the gold backed currency that was going to come out.
• 17:13
  Guess what's happened over the last year.
• 17:15
  Think about it is not the world kind of shifted more.
• 17:20
  And we said this a year ago, we're on we're look, we don't we
• 17:24
  you don't you got you have superior intellectual
• 17:27
  horsepower. We look around the corner a
• 17:29
  couple times We saw this a year ago.
• 17:32
  We said the world doesn't matter if they officially announce it.
• 17:35
  The world is kind of sort of moving towards the gold standard
• 17:38
  anyway. And what if we seen over the
• 17:41
  last year nothing but increased more and more central bank
• 17:47
  buying of gold? Heck, the Russians are even
• 17:50
  buying silver for their strategic reserves.
• 17:53
  The world is moving back to the gold standard.
• 17:56
  It doesn't have to be official. And I've made the argument that
• 18:00
  really the world's always been on the gold standard.
• 18:02
  Yeah, there's the short term mirage, you know, make believe
• 18:06
  systems, Fiat systems that pop up for a couple 100 years here
• 18:10
  and there, all of which eventually fail, right.
• 18:14
  So when we look back three weeks, 4 weeks from now, Bob,
• 18:17
  what's happening with this Brick Summit?
• 18:19
  I think the expectations are so low for any big news story to
• 18:24
  come out that we're going to be shocked.
• 18:26
  There's going to be some shockers that come out of this
• 18:29
  because the world is moving away from the dollar and moving back
• 18:33
  to the gold standard. You cannot, absolutely cannot
• 18:37
  argue that. OK, and what about China and
• 18:40
  silver? Let's talk about silver one more
• 18:42
  time. What do you say?
• 18:43
  Like China, like, like some people say, the biggest economy
• 18:46
  in the world, at minimum, they're the second biggest
• 18:49
  economy in the world. They're going crazy over silver.
• 18:52
  Wait till you get a load of this.
• 18:54
  If you like silver, you're going to like this.
• 18:56
  Oh, I forgot to show you here. Spend all this time getting this
• 19:01
  ready. Here we go, guys.
• 19:02
  Are we on the right screen? Hopefully this pulls up.
• 19:05
  Brick Summit opens in Brazil and nobody's talking about it.
• 19:09
  Overshadowed by Trump's tariff policies and Middle East
• 19:12
  tensions. I'm not going to waste your time
• 19:14
  reading you any details. That's from The Associated
• 19:16
  Press. If you get real bored later, go
• 19:18
  out there and and take a look at it for yourself.
• 19:22
  Hold on here. Uh, oh, hello.
• 19:25
  Hold on. Are we there?
• 19:28
  Something happened. Yeah, I know something happened.
• 19:31
  Hopefully we're still live. Hello.
• 19:32
  Can you see me? Can you?
• 19:34
  OK, Hold on, guys. I don't know what happened
• 19:37
  there. We had a little technical
• 19:38
  glitch. And let's go to the AP real
• 19:43
  quickly. Share.
• 19:45
  OK. Are we on there?
• 19:48
  There I am. Can you guys see that right now?
• 19:51
  Hopefully, Huh. Come on.
• 19:52
  Basement dwellers, it's a live stream.
• 19:56
  You never know what's going to happen.
• 19:58
  I haven't cursed yet. And if I told you how much I
• 20:00
  appreciate you being here, seriously, all of you who are
• 20:03
  here in the basement, how did you get in my basement, huh?
• 20:06
  Yeah, because we love to hang out.
• 20:08
  I hope you feel like you found a home way from home.
• 20:10
  Don't forget to subscribe, give the video, thumbs up, all that
• 20:13
  great stuff. Anyway, that's the bricks.
• 20:15
  What wrong? Wrong way.
• 20:16
  Can you see me? That's the brick stuff right
• 20:19
  there. That's going on right now.
• 20:21
  But let's talk about China and silver.
• 20:23
  This is absolutely. Fascinating.
• 20:26
  And this comes from our friends over at the Silver Academy.
• 20:31
  Chinese media promoting cheaper alternatives to gold.
• 20:35
  OK, wait a minute. This is why it's so important to
• 20:39
  keep an eye on China. Not only is China maybe the
• 20:41
  biggest economy in the world or the second biggest economy in
• 20:44
  the world, not only are they growing at a very fast pace,
• 20:47
  they have 1.4 billion people. But guess what?
• 20:50
  The other big reason why we need to pay attention to them if we
• 20:54
  love gold and silver is quite simply this.
• 20:57
  They don't have as many investment alternatives.
• 21:00
  And gold and silver have been interwoven into their culture
• 21:04
  for, for, for the Millennium. But they have real estate and
• 21:08
  the Chinese real estate market stinks.
• 21:10
  Stocks. They don't really trust the
• 21:12
  stock market. And guess what?
• 21:14
  Those Chinese people, they're smart right over there at the
• 21:17
  Shanghai Gold Exchange, right? They don't trust banks either.
• 21:22
  So what do they have left? Oh, I don't know.
• 21:25
  Oh, what's shine? Hold on.
• 21:26
  There's something shining over in the corner.
• 21:29
  Yeah. Oh, yeah.
• 21:30
  And they have this. Let's show them one more time.
• 21:32
  My favorite from first met, that Indian Head.
• 21:35
  I love that they got this. And the Chinese are are
• 21:40
  developing a bit of a, let's say, fascination with silver,
• 21:44
  right. So they don't have many other
• 21:45
  options. It's been interwoven in their in
• 21:48
  their in their culture. They're the fastest growing
• 21:52
  country in the world. They got 1.4 billion people like
• 21:54
  4 times. But the United States of America
• 21:58
  and I love my country. But guys, we got to pay
• 22:00
  attention. And when they start loving
• 22:02
  silver, Katie, bar the door. All right, here we go.
• 22:07
  This is from the Silver Academy. This is a Chinese, Chinese media
• 22:11
  article. Golden substitute is selling
• 22:13
  like hotcakes. The increase is higher than that
• 22:17
  of gold. They talk about how the silver
• 22:19
  price in this article in the Chinese media is taking off like
• 22:23
  crazy here in yellow. For decades, Western banking
• 22:27
  institutions treated silver as a strategic vulnerability and
• 22:31
  playing a wide range of tactics to suppress its price and
• 22:35
  discourage widespread ownership. This has included persistent
• 22:38
  short selling, spoofing and frequent rule changes at the
• 22:41
  COMEX and the LBMA, the London Bullion Market Association of
• 22:46
  which have served to demoralize and disincentivize retail
• 22:51
  investors in the West from holding silver.
• 22:53
  The mainstream media has largely maintained a blackout on
• 22:56
  silver's true potential or said that it's for pirates, further
• 23:00
  reinforcing the narrative that silver is an unworthy asset for
• 23:04
  the average person. In stark contrast, China has
• 23:08
  recognized unique value of silver and is now actively
• 23:11
  promoting it as poor man's gold. By encouraging retail Chinese
• 23:15
  investment in building strategic reverse reserves, China is
• 23:19
  positioning itself to benefit from a surge in physical demand
• 23:23
  while Western markets remain mired in paper based price
• 23:27
  suppression. This shift in narrative is
• 23:31
  fueling a wave of retail FOMO fear of missing out in China as
• 23:37
  ordinary investors rush to acquire silver, sensing both its
• 23:41
  intrinsic value and its potential as a hedge against
• 23:44
  financial instability. As the old mechanisms of price
• 23:47
  control lose their grip, China's proactive stance is poised to
• 23:50
  reshape the global silver market.
• 23:54
  OK. And it goes on and on.
• 23:56
  Great article. An article published in Cena
• 23:59
  Finance, right, explores and talks about the big benefits of
• 24:05
  silver, right. And then we're not even, we're
• 24:07
  not even talking about India. OK, briefly, let me tell you,
• 24:12
  everything I just said about China is true about India as
• 24:16
  well. I know a lot of Indian people.
• 24:19
  They're very smart, they're very motivated, and they love gold
• 24:22
  and they love silver. And I think the argument can be
• 24:25
  made that right now India is even developing at a little
• 24:28
  faster clip than China. OK, you're talking.
• 24:34
  Hold on. Do you guys know who this is?
• 24:36
  That walkie-talkie just talked to me.
• 24:38
  That is the boss that is upstairs.
• 24:41
  Susie, she had something to say, but I couldn't understand her
• 24:44
  because she was holding her walkie-talkie too close to her
• 24:46
  mouth. Susie, we didn't quite get a
• 24:49
  copy on what you said. Over.
• 24:54
  OK, You got to hold the button when you talk. 100, Mike.
• 24:59
  Oh, thank you. Thank you, Susie.
• 25:03
  We got 100 likes, guys. That means that in a few
• 25:05
  seconds, the moment you've been waiting for, we're going to ring
• 25:10
  the golden gong. Put it there to tease you.
• 25:13
  But India, no joke. Like India, they love silver and
• 25:16
  gold more than China in India. Like, they're going to have 100
• 25:20
  million. That's like a third of the
• 25:21
  United States entire population, 100 million people moving into
• 25:25
  the consumer class in the next, what, five years is what it is.
• 25:30
  OK, you know why? And look, the reality is
• 25:33
  Americans are selling. Americans are selling their
• 25:36
  gold. OK, there's a big report out of
• 25:39
  New York on Jeweler's Row, right?
• 25:41
  Americans are selling their silver.
• 25:44
  Listen to what the, the coin shop people are telling you,
• 25:46
  right? People are bringing in their
• 25:48
  silver, cashing it in. Guess what?
• 25:50
  All that silver, do you hear a big sucking noise.
• 25:54
  It's being sucked over to China and I1 More quick thing we want
• 25:58
  to talk about this is massive implications for the precious
• 26:02
  metals markets, including silver.
• 26:04
  Is this quick point right here? We're only going to read 1
• 26:07
  paragraph, right? Huawei, which is the massive
• 26:10
  Chinese tech company, says it's new solid-state EV battery.
• 26:14
  Can give you 1800 miles and I'm sharing the wrong screen.
• 26:19
  Now we're on the right screen. Sorry guys, make sure this pulls
• 26:24
  up. Here we go.
• 26:25
  Huawei says it's new solid-state EV battery.
• 26:30
  It can give you 1800 miles of range and charge in less than 5
• 26:33
  minutes. Imagine that, an electric car
• 26:36
  that can go 1800 miles before it needs to be recharged and it
• 26:42
  only takes 5 minutes to recharge it.
• 26:44
  It all has to do with what are called solid-state batteries.
• 26:47
  You probably have heard a little bit about them.
• 26:49
  Look at that picture from that. That's a cool looking car.
• 26:52
  I got to say Huawei is the latest in a growing list of
• 26:56
  automakers and tech companies that are exploring the possible
• 27:00
  benefits of fitting an EV with solid-state batteries, with the
• 27:04
  likes of BMW, Mercedes, Volkswagen, BYD and Stalantis
• 27:09
  all publicly touting the tech. This is a big deal because most
• 27:16
  all of the information that's available out there that talks
• 27:19
  about solid-state EV batteries mentioned silver.
• 27:23
  Some of the batteries that are being developed by Samsung and I
• 27:27
  believe are being now tested by Toyota's Lexus brand actually
• 27:32
  have almost a kilogram of silver in each battery.
• 27:36
  A kilogram just for your refreshing is equal to about
• 27:40
  3233 ounces of silver. The future looks bright.
• 27:44
  We got major news today out of Elon Musk.
• 27:48
  And but the biggest news is that you're here.
• 27:51
  You joined us. We got 100 thumbs up.
• 27:53
  Hey, let's ring the Golden Gong 3 sometimes.
• 27:55
  Listen to it resonate. You're important.
• 28:02
  OK, Thanks for being here. I'm going to look forward to
• 28:05
  seeing you next time we are on a wild ride with the precious
• 28:08
  metals. Take care of yourself and I'll
• 28:11
  see you soon. Bye.
• 28:12
  Bye.