Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / 🔔 BIG ARGUMENT 🔔 $3000 GOLD Does THIS To SILVER PRICE

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🔔 BIG ARGUMENT 🔔 $3000 GOLD Does THIS To SILVER PRICE · SILVER / GOLD / $UFD Meme Coin Investing & Global Economics

• 0:00
  A respected Danish analyst calls for $3000 gold.
• 0:05
  And what about Zimbabwe? Have you heard the big news?
• 0:09
  The country of Zimbabwe is going to the gold standard and I
• 0:14
  thought, who better to talk to than someone who was born and
• 0:18
  raised in Zab Zimbabwe Coin Shop.
• 0:22
  Chris, welcome to Ron's Basement.
• 0:25
  I was born in Zimbabwe. Now that's a long way for
• 0:28
  Massachusetts, I guess, huh? What are you talking about,
• 0:31
  Chris? You.
• 0:32
  Said I was born in Zimbabwe. What all those stories you tell
• 0:36
  me about growing up in Zimbabwe Oh, here?
• 0:39
  We go, we thought this week off real good.
• 0:42
  Well, what's going? On there, Ronnie.
• 0:45
  You mean it's all you mean it? You mean it's all been nothing
• 0:49
  but a big pack of lies, Chris? That's right.
• 0:52
  That's not all breath. So, all right, thank you for
• 0:55
  being here. Let's talk about Zimbabwe
• 0:57
  though, because they are talking about and making moves to back
• 1:02
  their currency with gold because they've had runaway inflation,
• 1:08
  they don't want to use the US dollar.
• 1:10
  They have decided to back their currency with gold.
• 1:13
  With any thoughts on that, Chris?
• 1:14
  I find it very fascinating. Ron I think I think Lynette Zane
• 1:18
  just put a video out too about that and they say it's not going
• 1:21
  to work. Do you do you know they're using
• 1:26
  their currency and they but they don't even trust their own
• 1:29
  currency still even though it's backed by gold.
• 1:33
  So no I I don't think I the bomb boy if in one of the country's
• 1:36
  been of nothing but a prom burger in my book.
• 1:40
  I I don't know what's going to say to them there.
• 1:43
  I really don't. Well, I think they I.
• 1:46
  Think you're wrong. I think you're wrong.
• 1:49
  OK, tell me why. Well, because they said they're
• 1:55
  going to back their currency with gold and that it's going to
• 1:58
  be very transparent. It's going to be, it's going to
• 2:01
  be audited, it's going to be, you know, everything's that.
• 2:05
  You'll know that if you if you have one of their units of
• 2:09
  currency that it's backed by, according to them, a verifiable
• 2:14
  amount of gold. Well, we will see if it works,
• 2:18
  but I I believe there's a video out there with Lynette Zane and
• 2:22
  she just touched on that and she said it's not, you know, they're
• 2:24
  having problems already with it. Well, I don't think they've
• 2:27
  actually started it yet. I don't agree with.
• 2:31
  I don't agree with Lynette Zane. I love Lynette Zane, but that
• 2:34
  doesn't mean I always have to agree with her.
• 2:35
  I don't agree with you or Lynette Zane, but who do I agree
• 2:38
  with? Oh my God, here we go again.
• 2:41
  Nobody likes me. Well, let's move on to the net
• 2:43
  subject. Let's see if we can find
• 2:45
  something. We do agree on.
• 2:46
  Coin Shop. Chris, how about you tell us
• 2:48
  about what's going on at the coin Shop?
• 2:51
  Right, you've got the pulse. Now we have a viewer here.
• 2:54
  We have a basement dweller joining us right now.
• 2:57
  What are you What are you seeing in the Coin Shop?
• 3:01
  Ron, this week's been a very tough week.
• 3:05
  People are coming in. You're not selling a horrible
• 3:09
  lot, Ron, but they're selling little by little by little.
• 3:13
  And you know we, I'm seeing grown people, grown guys, grown
• 3:18
  women just crying. They have to sell this server.
• 3:21
  It's mostly server they're selling right now that I'm
• 3:24
  seeing and just to put food on the table on just to put food on
• 3:30
  the table. I I I had a guy come in probably
• 3:34
  about 8085, you know, will he hold on to server most of his
• 3:39
  life? He said.
• 3:39
  And he says this first time he ever had to sell anything.
• 3:43
  He's got no cash in the bank and he sold about 15 ounces to us
• 3:48
  and he was just almost in tears. So you're telling me you're
• 3:52
  seeing people get very emotional over the fact that they have to
• 3:56
  sell some of their precious metals just to make ends meet?
• 3:59
  Sounds like just to make ends meet, to pay light bills, to put
• 4:02
  food on the table. Yeah, it's getting very tough
• 4:06
  out there and I don't think a lot of people realize what the
• 4:09
  heck that's going to what's coming, you know, and that's why
• 4:13
  I'm trying to warn everybody if you can stack some cash right
• 4:17
  now, stack some cash. We were all going to need cash
• 4:20
  for the first part of this. Then I think we're going to be
• 4:23
  into Sarah Burngold. But you know, cash is getting
• 4:27
  worthless wrong. I mean, no, we we can start spin
• 4:30
  back to 1964. I was pissed up just yesterday.
• 4:33
  Run for your viewers here, you know, but silver quarter, you
• 4:37
  could buy a loaf of bread for 21 cents.
• 4:41
  Well, today that silver quarter silver value is $4.16, maybe a
• 4:47
  little bit more because we're over 23 now in an ounce.
• 4:51
  But you can still buy a loaf of bread with that same silver
• 4:53
  quarter that you could get back in 1964 and get changed back.
• 4:59
  You know, yeah, you would have to go to a physical coin shop
• 5:02
  and convert it back into Fiat, but really you can take that
• 5:05
  $4.16 and still get a loaf of bread and get change back.
• 5:09
  Yeah, yeah. Well, you've proven beyond any
• 5:13
  any reasonable doubt that silver keeps up with the price of
• 5:18
  inflation or the rate of inflation.
• 5:20
  Are you serious? You really didn't grow up in
• 5:22
  Zimbabwe? No, I never did, Sir.
• 5:25
  Wow. Hey, let's talk about something
• 5:28
  exciting with silver and gold last week.
• 5:32
  All right, Let's just let's just let's let's just you and I right
• 5:35
  now. I mean this has been a hard year
• 5:37
  to be invested in silver and gold and the precious metal
• 5:40
  mining stocks. Would you agree with that,
• 5:42
  Chris? Yes.
• 5:44
  And I will also say this is a converting opportunity.
• 5:47
  Now. You know, Ron, let's back up to
• 5:50
  1929. You know, most people were not
• 5:52
  alive in 1929. Maybe you were 'cause I'm seeing
• 5:56
  a little bit of Gray hair in that hair of yours.
• 5:59
  But anyways, to be all honest with you, you know the precious
• 6:04
  mining stocks did very, very well in 1929.
• 6:09
  And this is a time that nobody's looking at.
• 6:11
  Everybody's looking at these tech stocks, the big bubble
• 6:14
  stocks, while some of this money.
• 6:17
  Look, Jeff Bezos just sold $2 billion worth of Amazon stock.
• 6:21
  What does he know? What does Mark Zuckerberg from
• 6:25
  Facebook know? He throw stocks?
• 6:27
  Why are all these big tech companies, CE OS or ex CE OS
• 6:31
  selling their stocks? Yeah, why?
• 6:33
  Yeah, why they must. Know it's.
• 6:37
  Going to be the it's going to be part of your viewers, Ron, that
• 6:41
  have you know maybe OK income very little working company.
• 6:44
  They're going to be left holding the bags Ron and these people
• 6:47
  are going to get richer and richer then that money then that
• 6:50
  money will go into the mining stocks.
• 6:53
  It's, you know when I don't know.
• 6:56
  Well, that's the good news according to Coin Shop.
• 6:58
  Chris, thank you for that. And I heard Peter Carref and was
• 7:03
  talking with Andrew McGuire earlier today that show live
• 7:07
  from the vault and they said something that really resonated
• 7:10
  with me about silver. They said when Silver hits 50 or
• 7:14
  Silver hits $100 per oz, your people are going to be kicking
• 7:19
  themselves that they didn't buy more now.
• 7:21
  But let me get back to my original train of thought that I
• 7:24
  wanted to to reiterate with you the good news, Chris, do you
• 7:27
  want some good news for Silver and?
• 7:29
  Gold price. Are you ready for some good
• 7:31
  news? OK, absolutely.
• 7:33
  So this year's been tough for precious metals investors and I
• 7:38
  appreciate what you talked about with the depression and the in
• 7:41
  the stocks that's a key thing for people that are invested in
• 7:44
  precious metal mining stocks to know.
• 7:45
  However, this year you know we got, we got this great GDP
• 7:49
  number, great jobs number, which we all know was a bunch of mucky
• 7:53
  and we also got the Fed that came out this year so far and
• 7:57
  was very hawkish. So it's been a very difficult
• 8:00
  environment, a little bit of a stormy seas for gold and silver.
• 8:05
  Those were were factors that would push down the price of of
• 8:10
  silver and gold. And then the just this past week
• 8:14
  we got high inflation numbers, inflation running hotter than
• 8:18
  expected, which also should have pushed down silver and gold.
• 8:24
  But you want the good news, Chris, It did right?
• 8:28
  It didn't. It didn't high in the high
• 8:30
  inflate on Friday. Gold and silver were up, right,
• 8:33
  And we got this big high PPI number.
• 8:36
  I'm telling you, we we in December, we had a major switch
• 8:41
  in the in the in the tide or in the winds, right?
• 8:44
  That headwind that was pushing against silver and gold had
• 8:47
  subsided. I won't say we had a tailwind
• 8:50
  yet. However, in the face of what
• 8:53
  should have been a lot of headwinds this year, darn it,
• 8:57
  silver and gold have been strong and I truly believe in my heart
• 9:01
  they've changed the corner. I think that we're going to have
• 9:05
  $3000 gold and I think that that $3000 gold when we get to a
• 9:09
  reasonable silver to gold ratio of about 60 to one is going to
• 9:14
  make us have our $50 silver. Well, Ryan, you know, you had
• 9:19
  any interview weight the great Annie Shekman the other day.
• 9:23
  And you guys did a modest job. And you know, I've said this
• 9:27
  before. If he said this before, we're in
• 9:29
  the eye of the hurricane now. Well, people forgot what
• 9:32
  happened last much when Silver Eagles were $5055 an ounce.
• 9:40
  We've been in that high eye of a hurricane.
• 9:42
  When is that? Second, how much longer we're
• 9:45
  going to be in his eye while we got the reverse repo coming up
• 9:48
  match 11th drawn. You know I just bought a roll
• 9:53
  and I won't say what company was from 2 ounce Kangaroos.
• 9:59
  I'm from Australia. There I got them for five O 8 at
• 10:02
  roll. The 20 ounces are on.
• 10:04
  I looked today, silver was up. It jumped to 534.
• 10:10
  I'm glad I got them. When I did I didn't really have
• 10:12
  the cash for it but I pulled the plug.
• 10:14
  I said this is the deal. This time you we got to take
• 10:18
  advantage of these dips and people can call me a silver pump
• 10:21
  all they want. That's fine.
• 10:22
  They can call me any of your name in the book.
• 10:23
  That's fine until we're on. I I am AI, am a, my name's Ron
• 10:28
  and I'm a silver pumper. Hey, I want to real quickly
• 10:31
  thank our sponsors mining company, sponsors first mining
• 10:34
  gold. You can learn more about that
• 10:36
  company at firstmininggold.com. They have 13 million ounces of
• 10:40
  gold tucked away nicely in the ground in Canada, a very
• 10:44
  favorable jurisdiction. Fortuna Silver is actually more
• 10:49
  of a gold mining company now. They have a gold mine in
• 10:53
  Argentina, Burkina Faso and the Ivory Coast, and they have
• 10:58
  silver mines in Mexico and Peru. You can learn more about Fortuna
• 11:03
  silver@fortunasilver.com. Absolutely.
• 11:10
  So where are we going next, Ron? Let's talk about and we got, I
• 11:15
  want to talk about $3000 gold and $60.00 silver one more time
• 11:20
  before we're done. But you did some comparison
• 11:22
  shopping this week, didn't you, Chris, We always can rely on you
• 11:26
  to be out there shopping around looking at the deals.
• 11:29
  What did you what did you go looking for this week?
• 11:33
  Well Ron, you know I, I you know we tried to mix things up on in
• 11:36
  the basement and you know you're I gotta give a shout to your
• 11:40
  sponsor pin backs. Once again pin backs wins of the
• 11:43
  game. This week we compared 10 oz
• 11:47
  Royal Canadian Mint bars at Max was $311.30.
• 11:54
  Now this is a CHACH for all these companies that we're
• 11:59
  comparing apples to apples. And at the same time on the same
• 12:03
  day, right? That is correct, Sir.
• 12:07
  JM Bowling was $287.00 for that same 10 oz bar a little cheaper.
• 12:12
  BGASC was 279 money metals. I was kind of shocked at their
• 12:18
  prices. It didn't only one of the
• 12:19
  highest ones out there on, but they wouldn't.
• 12:21
  They were comparable at 27890. FD Bowling came in at 27583 and
• 12:29
  pin backs wins it out again. Ron for two 7193.
• 12:33
  So you take at Max price and you take pin backs price, you divide
• 12:38
  those, you minus that price you're going to be saving $39.37
• 12:42
  Ron. Wow, so you get a you not only
• 12:45
  get a 10 oz Royal Canadian Mint bar, which by the way, I love.
• 12:49
  I was infatuated with them about six years ago.
• 12:52
  They are really nice and they are 4 nines.
• 12:55
  But not only if you decide to get your exact same 10 oz Royal
• 13:01
  Canadian Mint bar from pin backs, Not only do you get that
• 13:06
  same bar, but on top of that you can get yourself at least one
• 13:11
  more ounce of silver. Probably a vast selection
• 13:15
  because you're saving. I think you said $39.00.
• 13:18
  Is that? Right, $39.00, you know, I mean
• 13:20
  I believe you can get a, you know, we we talked about the
• 13:22
  kookaburras about a week ago. So wrong the 2024 Kookaburras.
• 13:26
  I believe you can still get one and still have money left and
• 13:29
  maybe you can get a cheeseburger from from Mickey D's or
• 13:32
  something. I mean really, I mean why?
• 13:35
  Why would we want to shop anywhere else when we comparing
• 13:39
  places like this. I've always urged your viewers,
• 13:42
  Ron to shop around shop at your look at your coin shop look at
• 13:46
  the online. It takes only a few minutes to
• 13:49
  look around and really you you know, time after time, week
• 13:54
  after week, you know pin backs is one of the best places out
• 13:57
  out there on and. Chris, Chris.
• 13:59
  Thank. You, Mike.
• 14:00
  Thank you, Brian. Yes.
• 14:02
  Chris, Chris, And you know, it's not just the prices that are the
• 14:07
  best. They've got great selection and
• 14:10
  service and it's a company that you can trust.
• 14:15
  But I agree with you. I encourage people.
• 14:18
  You need to discover it for yourself.
• 14:20
  Throw them into the mix next time you're out there shopping
• 14:23
  for online bullying. Absolutely.
• 14:26
  I just want to thank Mike and Brian again.
• 14:28
  You know, they they're outstanding.
• 14:30
  They are. They're good, good, good people.
• 14:33
  And why not get more metal for your money?
• 14:38
  I think Pembeks is best and you will too.
• 14:41
  They check all the boxes. Do you like how I do that?
• 14:44
  Where I make the check by the box behind me?
• 14:46
  Where it says Pembeks Chris. I'm sure your viewers love that,
• 14:49
  Ron. All right, So Ole, Ole are.
• 14:55
  So you're telling me you weren't born in Zimbabwe, were you?
• 14:58
  Did you grow up in Denmark Coin Shop, Chris?
• 15:01
  No. New Hampshire.
• 15:04
  New Hampshire. Yes, New Hampshire, Maine and
• 15:06
  Massachusetts. Oh wow.
• 15:08
  You did the whole Northeast tour.
• 15:11
  Well, anyway, if you had grown up in Denmark, you would have
• 15:13
  known of a guy named Ole Hanson. He's a famous Danish, I guess
• 15:20
  you would say, respected commodity strategist with that
• 15:24
  massive Danish bank Saxo Bank. He's continually calling for
• 15:29
  $3000 gold. Reiterate this to all the silver
• 15:36
  investors out there as well. We love gold, right?
• 15:38
  We'll take $3000 gold, right, Chris, that's great.
• 15:42
  What do you think happens to silver when gold goes to Chris?
• 15:46
  What do you think? Right.
• 15:47
  If you're a little Danish boy and and gold goes to $3000, what
• 15:51
  do you think happens to silver? Well, we're seeing that $2000
• 15:55
  now a little over 2000. We've seen that like 20-3.
• 16:00
  You know, who knows Ron, but you know I I really could see 60
• 16:04
  plus silver, I mean maybe even more.
• 16:07
  I mean we need to get this conversion rate down first.
• 16:12
  I mean silver comes out of ground seven to one and we're
• 16:14
  seeing you know silver suppressed go suppress Ron.
• 16:18
  I mean, the Comex are a bunch of clown crooks.
• 16:22
  The LBMA is bunch of clown crooks.
• 16:26
  You know, China's probably doing something right for us, you
• 16:29
  know? You know, why is Shanghai $3
• 16:33
  more for silver than the rest of the world?
• 16:36
  Why? Because they actually trade
• 16:39
  physical metal. Go figure.
• 16:42
  Right, Yeah, right. And we trade a bunch of useless
• 16:46
  paper. Unicorn fart dust silver.
• 16:50
  Make believe, right? Yeah, there's only 42.
• 16:53
  Well, that was last Friday, but as of last Friday, there were
• 16:56
  40, only 42,000,000 ounces of silver in the Comex registered
• 17:00
  inventory. You could buy that for less than
• 17:03
  a billion dollars. It would take less than 1
• 17:06
  billion U.S. dollars to completely drain all the
• 17:09
  inventory at the Comex. Chris, did you have a billion?
• 17:14
  That's a drop in a bucket for the federal government run,
• 17:16
  right? Yeah, they spend that.
• 17:18
  They probably have spent that during the time that you and I
• 17:21
  were were here recording this video.
• 17:24
  And by the way, think I, you know, Chris, you know, you may
• 17:27
  not have have realized this, but I I think it's important that we
• 17:31
  thank the person joining us today, the viewer, the basement
• 17:34
  Dweller. We appreciate you being here.
• 17:37
  We want you to come back. Subscribing is absolutely free.
• 17:42
  We're still having the New Year special on that one.
• 17:45
  So press that subscribe button. We put out new content every
• 17:49
  day. It's always about silver, gold
• 17:52
  and always, always a lot of fun and entertaining.
• 17:57
  And leave us a comment, please. We like to know what everybody
• 18:00
  is thinking. Yeah, I'll give coach give coin
• 18:03
  shop if you want to donate a little a little extra couple
• 18:06
  dollars to Coin Shop. Chris.
• 18:07
  Don't forget he does this from the kindness of his heart.
• 18:10
  I'll put a link to his PayPal in the description of this video
• 18:16
  one up that one. Chris, is there anything you can
• 18:18
  can you up that one? No, Ron, I'm, I'm not going to
• 18:22
  put your, I'm not going to put your link in there, that's for
• 18:24
  sure. Well, now that we begged for
• 18:28
  money and subscribers, how about we give some people some value?
• 18:32
  Everyone is on the edge of their seat.
• 18:34
  It's the moment you've been waiting for.
• 18:37
  It's the coin shop, Chris. 30 day numbers. 30 day numbers or
• 18:42
  the you know the numbers were not too bad.
• 18:44
  Just past 30 days Ron Silver would stop $0.38 or up 1.5%.
• 18:52
  Gold was down actually $6.10 an ounce or down 0.30% platinum.
• 18:59
  Come roaring back long. Remember we were down like $65
• 19:02
  last week, but you know it made a comeback on we're up $9.10 or
• 19:09
  up 1.01% oil. I've been hopping on the oil on
• 19:13
  for it since around Christmas time, if not before.
• 19:16
  Oil is up $6.79 a barrel or up 9.38% and they want to say
• 19:24
  inflation's only at what, what, 3.2 percent?
• 19:28
  3.8%? I call a bunch of hogwash on the
• 19:32
  Fed. You know you might have a
• 19:35
  screwdriver for Jerome Powell. He might have that screwdriver
• 19:38
  as a tool on, but he's got not. He's got no screws to use it
• 19:42
  with. Chris, we almost forgot.
• 19:45
  We almost thank you for the 30 day numbers.
• 19:47
  We almost forgot what you you. What you just brought up is the
• 19:50
  most fertile soil in the history of the universe or the silver
• 19:56
  price and the gold price. I just want to throw in, imagine
• 19:59
  if in a month from now we're we're talking on the 30 day
• 20:02
  numbers and you're saying, I mean oil went up 10%, why can't
• 20:06
  gold go up 10%, why can't silver go up 20%?
• 20:10
  But that's not what I want to share with you, Chris.
• 20:12
  What I want to talk about briefly is stagflation because
• 20:16
  that's what you just described. You just talked about oil right,
• 20:20
  being up almost 10% over the last 30 days, right?
• 20:24
  In an economy? That's slowing because we got
• 20:27
  bad retail sales numbers last week.
• 20:29
  We got bad industrial production numbers last week.
• 20:32
  We even got bad housing numbers last week.
• 20:37
  But we also got high inflation numbers and we got the coin
• 20:42
  shop, Chris, 30 day numbers telling us that oil right is up,
• 20:46
  showing more. So we've got inflation with a
• 20:49
  slowing economy. What does that equal, Chris?
• 20:54
  Big crumbs on big crumbs. The big crumbs.
• 20:58
  No big problems. Oh, big problems.
• 21:01
  Yes, stagflation. Stagflation.
• 21:05
  That's a stagnant economy, slowing economy with inflation.
• 21:08
  It. They even said it on CNBCI heard
• 21:11
  him say it, I don't know, Thursday or Friday morning.
• 21:13
  And then I saw Yahoo Finance. I turn it on for a few minutes
• 21:17
  in the morning when I was waiting to hear what the numbers
• 21:20
  were. Yeah, no, I mean, it's
• 21:22
  stagflation. Stagflation is what drove silver
• 21:25
  from $1.50 all the way to $50.00 in 1980.
• 21:30
  And on top of that, everything now is in much worse shape than
• 21:35
  it was in the 70s. I'm telling you, 10 years from
• 21:38
  now we're going to be to sit down here and we're going to be
• 21:41
  talking about silver. It it numbers that we can't even
• 21:44
  imagine. You know it.
• 21:46
  It's Gary Ron. You, you know and you know, and
• 21:51
  just go back to what we talked about the at the beginning, Ron.
• 21:55
  You know, I see, you know, it's there's a lot of hardship and I
• 21:59
  even have trouble looking, you know, talking about this because
• 22:03
  people's faces are so like blue down the dumps and you know it's
• 22:08
  going to get more and more trouble out there.
• 22:10
  And it's sad. It's sad people have to use
• 22:15
  their real money to put food on the table.
• 22:18
  It really is. It is, yeah.
• 22:21
  All joking aside, I was going to say you have Smurfs coming in to
• 22:24
  see you at the coin shop, but that's well I said it.
• 22:27
  But on a serious note, it is sad.
• 22:29
  That you know and Andy made a good point is people got into
• 22:33
  silver and gold for the wrong reasons.
• 22:35
  Thinking silver and gold you're going to get rich and then get
• 22:39
  wealthy. War like.
• 22:40
  He made a brilliant point. He said it is wealth and that is
• 22:43
  he's 110% right. I clearly agree with him more.
• 22:48
  Do you, You know, he's just right, you know?
• 22:51
  This, this. And you gave me this, this one
• 22:55
  ounce silver round, right? Right.
• 23:00
  All the energy that went into producing this is still in it,
• 23:04
  right? I mean, it's a value battery.
• 23:06
  All the energy that went into that is still in it.
• 23:09
  Whether that energy, this silver that I'm holding here could have
• 23:13
  been mined 800 years ago doesn't matter.
• 23:16
  All that energy is still being held within this.
• 23:20
  It is wealth. It's the opposite of debt,
• 23:23
  right? If I hold this, I hold value.
• 23:26
  I hold something that I can use in the future and feel
• 23:31
  confident, whether the future means a day from now, a year
• 23:35
  from now, 10 years from now, or or 100 years from now, that it's
• 23:41
  gonna have its value right? You know, Andy's face really lit
• 23:46
  up. I, I, I sense and I didn't
• 23:48
  confirm this with him, but I said something that I think
• 23:51
  really resonated with him. And and I said and you and I
• 23:54
  have talked about this. I said, you know I always tell
• 23:56
  people only use the money to buy silver that you think you're
• 24:01
  never going to need again. What I look at it as
• 24:04
  generational wealth. And when I said that term,
• 24:06
  generational wealth, you know something that I envision
• 24:11
  children, grandchildren, you know who knows how long
• 24:14
  hopefully a long time having it and and and it and it helping to
• 24:19
  continue right to provide safety and security.
• 24:24
  And I and I and I will need to make this one point on 2 on
• 24:27
  there. You know, first I'd like to say
• 24:29
  silver, the gold ratio this week was 86.20.
• 24:34
  So it's come down a little bit, but you know, you only convert,
• 24:39
  you know, like you said, Ron, what you can afford to do.
• 24:41
  And you know, I got this, we got this young girl that comes in,
• 24:45
  she's a waitress, She works in one of the high end restaurant
• 24:48
  with the wealthy people, Ron. And she says business is
• 24:51
  slowing. Even the wealthy are not out
• 24:54
  there spending on, they're saving.
• 24:59
  And she's still coming in when she can maybe maybe one or two
• 25:02
  days less a week, but she's still coming in and converts to
• 25:07
  1 ounce of silver and her dad's been on her butt.
• 25:11
  Pay yourself first. So if that means if that means
• 25:15
  you're going to cut out your Starbucks, if that means you're
• 25:17
  going to cut out going out to eat.
• 25:19
  If that means you're going to cut out a service on your cable
• 25:22
  bill, HBO. Do it, people.
• 25:25
  Because you know that that extra $1215.00 a month you're paying
• 25:30
  for these extra services might just save your life.
• 25:33
  Really. And I'll gain that extra server
• 25:36
  in the house now. Coin Shop, Chris, thank you,
• 25:40
  thank you, thank you on behalf of myself and our all important
• 25:45
  viewer, thank you thank you. I think what we determined was
• 25:48
  this, like we all doesn't matter how old we are, we all are faced
• 25:52
  with this predicament in life, right.
• 25:54
  We're living. We can, we can, we can hold on
• 25:57
  to cash, right. We can actually spend more money
• 26:01
  than we make. We can acquire debt.
• 26:04
  Or the third choice is this silver, right?
• 26:08
  And we know this is wealth like you so eloquently said, Coin
• 26:13
  Shop. Chris, thank you for joining us.
• 26:15
  Thank you for all your time and information and we really hope
• 26:19
  that we'll see you again next week.
• 26:22
  I'll be here. I don't know if if I'll be all
• 26:24
  joyful and with bells on, but I'll be here.
• 26:29
  I'm still waiting to see you joyful and with bells on.
• 26:32
  Well, when the coin shop only tells me I can get get my face
• 26:36
  on camera, I will. OK.
• 26:38
  We love you, buddy. Thank you.
• 26:40
  We'll see you next week. See you next week.
• 26:42
  Bye, bye.