Latest / SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT / SILVER Stackers and Gold BUGS! 🦍🦍 You BEST Hear This - (Precious Metals NEWS Update)

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SILVER Stackers and Gold BUGS! 🦍🦍 You BEST Hear This - (Precious Metals NEWS Update) · SILVER / GOLD / $UFD: Surviving Global Economic Shifts | RONS BASEMENT

• 0:00
  Brutal silver and gold sell off. Are we turning the corner?
• 0:04
  Are we moving on to greener pastures?
• 0:07
  We've got some proof that that very well is the case.
• 0:10
  We're going to talk about that and a lot more in this video.
• 0:13
  It's a lot of big good things going on in the world of
• 0:17
  precious metals right now and of course a little dose of doom
• 0:21
  about what's happening in the world.
• 0:23
  It is downright scary, but let's start by doing a quick check on
• 0:27
  the silver and gold price and then we're going to get right
• 0:30
  into the charts. And if we go out to Kitco, we
• 0:34
  can see that we're up $1.22 in silver, all right, almost 2% and
• 0:39
  gold up 1% at $4548. But let's move on to the charts
• 0:46
  and talk about why the sell off that we've all endured over the
• 0:50
  last four weeks very well could be over.
• 0:53
  We're going to go to the bubble, Bubble report from the one and
• 0:56
  only Jesse Colombo. Like the rising *1 of the most
• 1:00
  popular analyst out there. This is from the free section of
• 1:04
  his sub stack that you can subscribe to.
• 1:07
  Basically, he pulls up this chart and there's a couple
• 1:10
  things we want to look at here guys, and that is on this gold
• 1:14
  chart. Number one, we are still being
• 1:18
  supported by the 200 day moving average.
• 1:22
  Let me circle that for you. That would be this line right
• 1:25
  here. OK #2 we are oversold.
• 1:31
  You can see down here on the relative strength indicator, we
• 1:34
  are way down in the oversold category.
• 1:37
  And the third thing that he brings up is that we've got a
• 1:40
  pretty solid place of support right around in here kind of in
• 1:47
  that 42 to 441 to $4400 range. So it looks like when things get
• 1:53
  get vastly oversold, which hey, we've experienced that together,
• 1:57
  silver and gold. And when we talk about gold,
• 2:00
  there's a little more analysis that's done on gold because it
• 2:04
  is the granddaddy of the precious metals.
• 2:06
  When we talk about gold, we're talking about silver.
• 2:09
  But yes, we have been sold, sold, sold over the last 3-4
• 2:12
  weeks. With the war in Iran, the Co
• 2:15
  relation between the general markets and the metals appears
• 2:19
  to be breaking up a little bit. But we've got even more to look
• 2:23
  at. Let's go to the Happy Hawaiian,
• 2:25
  another highly respected name in the world of precious metals.
• 2:29
  And he pulls up a great chart, brings up a great point also he
• 2:33
  says, do you guys remember when gold was $1800 per oz back in
• 2:39
  October of 2023? I remember exactly.
• 2:43
  I was in northern Quebec at first mining gold's Duparquet
• 2:49
  project, and the IT was a great visit.
• 2:52
  It's an incredible gold project, but just the overall sentiment
• 2:56
  in the gold sector at that point was very, very negative, OK?
• 3:01
  He says. That's how oversold gold got on
• 3:04
  the daily chart last week, except this time the low was
• 3:09
  $4100 per oz. We went from 1800 to over 5600
• 3:16
  without the RSI by dipping back below 30.
• 3:19
  Now we're at 4100. Where do we go from there?
• 3:23
  And if we look at his chart, that's what he's showing, right
• 3:26
  in no uncertain terms. You can see right there the
• 3:30
  relative strength index. The last time it was at these
• 3:33
  levels was back in October of 2023.
• 3:38
  So what this tells us, guys, look, those are oscillators.
• 3:42
  They go up and down, they range and range.
• 3:45
  Could they go lower? They could.
• 3:47
  Could they go much lower, not too much lower.
• 3:51
  And the important thing to remember is that the runway for
• 3:54
  improvement, when we look at these technical indicators like
• 3:57
  the relative strength index, the runway for improvement is
• 4:01
  absolutely massive. And when we talk about gold,
• 4:04
  when we talk about silver, the fundamental factors remain in
• 4:08
  place, no doubt about it. Next we're going to talk about
• 4:12
  something very exciting happening in the silver and gold
• 4:15
  sector. The young hip people are coming
• 4:18
  to the precious metals sector. I actually had a conversation
• 4:22
  with two executives in the online bullion arena the other
• 4:25
  day and they told me we were talking about the January,
• 4:29
  February, even in the March time frame.
• 4:31
  And they said in no uncertain terms, they are seeing more
• 4:35
  young people come into the gold and silver physical bullion
• 4:41
  investment sector. It's very exciting.
• 4:43
  But I'm going to show you this next guy, Mario Nawfal.
• 4:47
  I'll tell you about him in one second and what he says about
• 4:50
  gold. And when he's talking about
• 4:52
  gold, he's talking about silver as well.
• 4:54
  First, I want to say thank you to channel sponsor Brixton
• 4:57
  Metals. They're a Canadian metals
• 4:59
  exploration company. Of course, we also want to say
• 5:02
  thank you to channel sponsor First Mint.
• 5:05
  They are the silver exclusive mint in the United States.
• 5:09
  They've got a great selection of products, great customer
• 5:12
  service, great prices and the feedback from our community on
• 5:16
  on your your experience with First Mint has truly been second
• 5:19
  to none. And I mentioned first mining
• 5:22
  gold earlier, Canadian gold development company with two
• 5:25
  huge projects in Canada, Spring Pole in Ontario and Du Parquet
• 5:30
  in Quebec, big projects with big gold in the ground.
• 5:34
  They're working through the development phase.
• 5:36
  You can learn more about them at firstmininggold.com.
• 5:39
  Now why do we want to talk about the young?
• 5:41
  This is actually very exciting for silver and gold.
• 5:45
  Mario Nafal is like the youngest, hippest guys got 3.4
• 5:50
  million followers on X. Like, if you're you're a young
• 5:54
  hip person, you're probably maybe around my age.
• 5:57
  But like, if you're in your 20s or early 30s and you're living
• 6:01
  in New York City, right, you're cool.
• 6:04
  You absolutely know who Mario Nalfall is.
• 6:07
  All the young people do. And let's go see what he had to
• 6:10
  say about gold, because it is fascinating to hear this coming
• 6:15
  from him. OK, Mario says this siren.
• 6:22
  Every time war hits energy markets, someone ask if oil is
• 6:27
  becoming the new gold. It isn't.
• 6:33
  It never is. Gold sits in a vault for
• 6:36
  thousands of years without asking anything of anyone.
• 6:41
  Oil needs refineries, tankers, pipelines, shipping lanes, and
• 6:45
  geopolitical stability just to exist as an asset.
• 6:50
  The Iran war didn't make oil valuable, it made oil's
• 6:54
  fundamental problem visible. It only works when the world
• 6:58
  cooperates. Gold doesn't need the world to
• 7:01
  cooperate. That's why it's money.
• 7:04
  And oil is just an expensive liquid.
• 7:07
  And I believe he was referring to this article from Zero Hedge.
• 7:12
  Shoot, Hold on here. Let me go back.
• 7:15
  Make sure we got you on the right screen.
• 7:17
  See if it pulls it up now. Yeah.
• 7:19
  Anyway, Zero Hedge put an article out about that.
• 7:21
  What he's talking about is something super powerful, a
• 7:26
  superpower that both gold and silver have.
• 7:29
  They they they survive everything wars.
• 7:33
  They're not affiliated with certain religions, political
• 7:36
  parties. They are just always valuable
• 7:39
  everywhere and for all time. OK, And this is the young hip
• 7:44
  guy, Mario Nafal. Thank you, Mario.
• 7:48
  Right. And I think it's super cool that
• 7:50
  these younger people are starting to realize the benefits
• 7:53
  of gold and silver, right? It's more people coming into the
• 7:57
  gold and silver ecosystem and something that we definitely
• 8:01
  want to keep an eye on. Let's go out and check in with
• 8:04
  our friend the Oriental Ghost and see what's happening in
• 8:07
  China in the physical silver market.
• 8:10
  We're going to focus on silver because guys, the actual
• 8:14
  physical price for silver in China remains well above what
• 8:19
  the LBMA is telling us the actual physical price is, and
• 8:23
  we'll check on that in the West. So here we are with the Oriental
• 8:28
  Ghost and we're looking at his daily update on the Shanghai
• 8:37
  Gold Exchange. Here's silver on the Shanghai
• 8:40
  Gold Exchange. You can see $79.04.
• 8:44
  We're going to do an update and talk about how much actual
• 8:47
  silver the Shanghai Futures Exchange has in its vault in
• 8:51
  just one second. But let's go out 79-O four and
• 8:56
  just for fun, we'll check on the the spot price in the West,
• 9:00
  $70.83. So as you can clearly see, China
• 9:08
  who's like sucking in all the world silver up, is putting it
• 9:12
  at a much, much higher price. And now we're back on the right
• 9:15
  screen. Sorry about that.
• 9:17
  I also promised you an update on the Shanghai Futures Exchange.
• 9:23
  All right, This is their vault. You can see vaults right there,
• 9:27
  374,427 kilograms. That is equal to only about 12
• 9:35
  million Troy ounces of silver that is in the vaults, backing
• 9:41
  up the entire Shanghai Futures Exchange.
• 9:44
  That's different from the Shanghai Gold Exchange, which is
• 9:47
  their physical market. This is their futures market.
• 9:50
  And there's only 12 million ounces of silver backing that
• 9:54
  entire thing up. And it gets even a little more
• 9:57
  interesting in China because we get this from our friend Lucas.
• 10:01
  The Chinese rush to buy gold bars as the Chinese rush to buy
• 10:06
  Guard. Chinese rush to buy gold bars As
• 10:10
  prices tank It's getting increasingly difficult to buy
• 10:13
  physical gold bars from banks in China.
• 10:17
  Only 50g and 100 gram bars left. Some banks are completely out of
• 10:20
  stock. Chinese seem to realize that
• 10:22
  this war is anything but bearish for gold and that the dip is a
• 10:26
  buying opportunity. So this was a Chinese journalist
• 10:31
  says a reporter's investigation at several bank branches.
• 10:34
  And Hang Zhao revealed that investment gold bars are in
• 10:39
  short supply. I'll just read you a one quote
• 10:42
  here. Somebody said quote.
• 10:43
  I never imagined that one day even bank gold bars would be in
• 10:48
  such tight high demand. Recently, many consumers have
• 10:52
  found that it's not easy to buy physical gold from the banks.
• 10:56
  And there's more quotes as well. But that just, again, shows us
• 11:00
  what's happening in the world in general with these precious
• 11:04
  metals. We're seeing reports from all
• 11:07
  over Asia that there's still massive, robust demand for
• 11:11
  physical gold and for physical silver as well.
• 11:15
  How about the silver billionaire David Bateman, our own American,
• 11:19
  who's the new Hunt brothers? That's what I like to call him,
• 11:22
  but he's a little bit different. He's not buying futures
• 11:24
  contracts. He owns like 13 or 15,000,000
• 11:28
  ounces of physical silver. And he's got a wise piece of
• 11:32
  input for us. Hold on one second.
• 11:37
  Uh oh, here it is. Sorry, guys.
• 11:40
  Little out of order here. Here we go.
• 11:41
  David Bateman says precious metals are the only insurance
• 11:46
  policy that pay you, right. Gold, gold and silver.
• 11:52
  You can hold them in your hand, however you choose to own gold
• 11:55
  and silver. But they are an insurance
• 11:58
  policy. And as we look back just one
• 12:01
  year ago, I was looking before we came on, we still had the
• 12:05
  silver price a year ago. Right now oscillating between
• 12:08
  kind of the 30 and $35 per oz range, guys, we're at $70 per
• 12:14
  oz. One year ago, had we sat down
• 12:16
  here in the basement and known for sure that the silver price
• 12:19
  would be double or more from where it was one year ago, we
• 12:23
  would be absolutely jumping for joy.
• 12:27
  And that what appears right now. We are building and
• 12:30
  consolidating into a very solid base that could provide us a
• 12:35
  platform from which the gold and silver price could go much, much
• 12:40
  higher from here. Speaking of which, Michael
• 12:42
  Oliver's back. I'm going to play a short video
• 12:45
  for you that came out from Sprott and hold on here, see if
• 12:50
  I can do this right. I rehearsed this before we came
• 12:54
  on. Here we go.
• 12:56
  We projected, have projected for months now that when this thing
• 12:59
  unleashes to a new reality, we call.
• 13:02
  So it's probably going to be, you know, 3 to 500 bucks and
• 13:05
  only then what I think Eric Sprott pointed this out in an
• 13:08
  interview you did some months ago, that if you factored in
• 13:11
  just the decay in the money unit and there was the increase in
• 13:14
  the quantity of the money unit M2 and factored that back to
• 13:18
  1980 or 2011 silver. Well be in the hundreds just to
• 13:22
  get even to those equivalent price levels and reflect the
• 13:26
  decay in the in the real buying power of the dollar.
• 13:28
  And the fact that there might be entities that try to restrain
• 13:32
  this process. And obviously it hasn't been
• 13:34
  working. We're not still in the 50s.
• 13:36
  Again, you know, they they only accelerated and they create
• 13:39
  these boom effects. So it wouldn't shock me
• 13:42
  somewhere down the road here in the next couple months, you
• 13:44
  could to see something like, you know, a couple $10 days and
• 13:47
  silver for $20 days. So on the upside, bam, bam, bam,
• 13:51
  you know, we're just gas. OK, while it seeks its new
• 13:55
  reality, we projected, half projected.
• 13:58
  OK. Hey, guys.
• 13:59
  And he brought up a very, very good point.
• 14:01
  We talked about silver, right, regaining, reclaiming its
• 14:05
  rightful status, right, as as a monetary metal that will happen.
• 14:10
  And even if we just compare the degradation and depreciation in
• 14:15
  the value of the US dollar, the silver price over the last 45
• 14:20
  years should be significantly higher than where it is right
• 14:24
  now. And I've got some proof, I'm
• 14:26
  going to have some fun proof that the Comex manipulates the
• 14:31
  price of silver. I've noticed on my phone when I
• 14:34
  type in, you know, when you type things in, when I type in the
• 14:37
  word comex and then hit, hit spacebar, you know how it
• 14:40
  automatically recommends a next word for you?
• 14:44
  My phone now recommends the word manipulation directly after I
• 14:48
  type in the word comex. So interesting, interesting
• 14:52
  developments. Let's talk about some craziness,
• 14:56
  right? Doom and gloom, right?
• 14:57
  Things are getting very crazy out there in the world right
• 15:00
  now. Many people are saying that the
• 15:02
  world markets don't realize, right, what the ramifications
• 15:07
  are going to be just from what's happened already in the war with
• 15:12
  Iran. And if we look at some of the
• 15:14
  data points, some of the facts coming through about what's
• 15:16
  already happening in the in the world, it gets downright scary.
• 15:20
  Now, the net effect of it all will be that we're going to have
• 15:24
  a recession during a inflationary environment,
• 15:27
  stagflation, and they're going to come in and whatever they
• 15:31
  want to call it, print money. QE do some type of they'll come
• 15:35
  up with a new name for it, some way to basically liquidate and
• 15:39
  print more dollars. Because don't forget, the United
• 15:41
  States right now is in a position of fiscal dominance,
• 15:45
  meaning that's not a good thing. We talked about this yesterday,
• 15:49
  fiscal dominance, meaning that the fiscal situation of the
• 15:52
  country, the financial situation, all the debt, the
• 15:56
  real simple way to look at it is now going to begin to dominate
• 16:00
  what the what the feds going to be able to do and the
• 16:02
  government's going to be able to do in regard to reacting to
• 16:06
  crisis. But nonetheless, I promised you
• 16:08
  some doom and gloom. This is incredible to think
• 16:12
  about. What is happening right now in
• 16:16
  our world? I'll zip through this from
• 16:18
  Limitless, he said. Do you understand what's
• 16:21
  happened in just the last 72 hours?
• 16:24
  Egypt shut down its shops at 9:00 PM.
• 16:26
  Mandated work from home Sundays in the government internally
• 16:30
  called war economy mode. OK, Turkey central bank burned
• 16:34
  through. What is that?
• 16:36
  I don't know. A show a lot of money in March
• 16:39
  defending the lira, The finance minister everyone called the
• 16:43
  genius is now considered considering selling the national
• 16:47
  gold reserves. Pakistan's PM went on national
• 16:50
  TV and announced government salary cuts and a 50% fuel
• 16:54
  allocation reduction. OK, they approved a 358 what
• 16:59
  million austerity fund. Russia banned cash exports above
• 17:03
  above 100,000 and gold bars above 100 grams.
• 17:08
  Putin signed in March 26th calling it fighting the shadow
• 17:12
  economy. Iraq banned 22 banks from U.S.
• 17:15
  dollar transactions. South Korea launched A literal
• 17:19
  wartime economic response body on March 25th.
• 17:23
  The PM chairs at India, so I'm getting dizzy.
• 17:27
  India created a 6.7 trillion Economic stabilization
• 17:34
  Stabilization fund. It wasn't in the news.
• 17:37
  It was buried in a budget supplement.
• 17:39
  Lebanon's currency collapsed by 98%.
• 17:42
  The war added 14 a trillion on top of that, every single
• 17:47
  government on this list told their citizens the economy is
• 17:50
  doing fine within the last 30 days.
• 17:53
  All of this happened in a single week.
• 17:55
  If you're not following, blah, blah, blah.
• 17:57
  OK, so look, guys, the bottom line here is things are getting
• 18:02
  very dicey out there in the world economy for sure.
• 18:07
  They're telling us everything's fine in the United States.
• 18:09
  I don't want doom. I don't want gloom.
• 18:11
  You don't want doom. You don't want gloom.
• 18:14
  But we need to keep our heads out of the sand and be aware of
• 18:18
  what is happening all around us right now.
• 18:21
  There is nothing better in the world, right for protecting
• 18:26
  against uncertainty. The world's original reserve
• 18:29
  currencies, silver and gold. The real safe haven, the real
• 18:33
  safe harbor. When there's a horrible it,
• 18:36
  doesn't it feel that way? Like it's a hurricane coming
• 18:39
  through right now? There's nothing better.
• 18:42
  And it's worked for thousands and thousands of years.
• 18:45
  Remember, gold and silver have seen every form of war that's
• 18:50
  ever been over the last 4000 years.
• 18:52
  Gold and silver have seen every a piece of political upheaval
• 18:57
  that have occurred, every major geopolitical shift, power shift
• 19:02
  in the world, when the British ruled the world, when the Dutch
• 19:05
  ruled the world, when the Romans ruled the world, when the
• 19:07
  Spanish ruled the world. And now are we seeing it when
• 19:10
  the United States rules the world?
• 19:13
  What I'm saying is gold and silver, like Mario Nafal said,
• 19:17
  right? It's not dependent on any
• 19:19
  anything to maintain its value. It just always maintains its
• 19:24
  value and it's done that perfectly for thousands and
• 19:28
  thousands of years. So while all that uncertainty,
• 19:31
  all the and I don't want, I mean, look again, I don't like
• 19:34
  war. I don't, you know, I won't go
• 19:36
  down that path. But the reality of what's
• 19:38
  happening in the world right now is very unsettling.
• 19:43
  And I think that the next 5 to 10 years, maybe 5 weeks or five
• 19:47
  months, who knows what could happen.
• 19:49
  All right, And what about we talked about being in a safe
• 19:52
  harbor? What about the silver tsunami?
• 19:56
  This, I think, sums up quite possibly what is going on right
• 20:01
  now in the world when it comes to in the world of silver in
• 20:06
  particular. Mother Silver Ape shared this.
• 20:09
  Think about this. So much comes back, goes back to
• 20:11
  natural forces. Natural laws says in a tsunami,
• 20:15
  waters recede greatly before the big wave crashes and floods the
• 20:22
  lowlands and the beaches. This is a perfect analogy for
• 20:26
  what is happening with the price of silver currently being so
• 20:31
  low, around $70 per oz. Patiently wait for the silver
• 20:35
  price tsunami wave because it's coming I and it's a beautiful
• 20:41
  picture, right? A giant silver wave incoming.
• 20:45
  But even more importantly, I agree with him 100% on that.
• 20:48
  It feels like hold on here. It feels like right now, right?
• 20:53
  We're in a little bit of a lull before the storm.
• 20:56
  It doesn't feel like silver could possibly go back to let's
• 21:00
  say $50 per oz. Don't throw eggs at me.
• 21:03
  Don't get mad. OK?
• 21:05
  Throw virtual eggs. Whatever.
• 21:07
  Could it happen? Yes.
• 21:08
  Could silver go to 30 an ounce? Yes, it could happen.
• 21:11
  Do I think it'll happen? Absolutely not.
• 21:13
  I don't think I could. I don't think I could continue
• 21:16
  on. If we see a silver price that
• 21:19
  comes around, again, that starts with the number three.
• 21:22
  That isn't 300. If we get back into the third,
• 21:26
  whatever. The point here, let's get back
• 21:28
  to the silver tsunami is that so many things that happen in
• 21:33
  market, so many things that happen in the world, they're all
• 21:36
  bound by natural laws. And what he said about that
• 21:39
  tsunami, do you feel it? I feel it, right.
• 21:42
  Like we had the initial kind of wave that came through, but now
• 21:46
  like everything's kind of pulling back.
• 21:48
  But another massive wave for silver and gold.
• 21:53
  But we're focused on silver. Silver could be incoming here
• 21:57
  sooner as opposed to later. It's going to be a fun, fun
• 22:00
  ride, that's for sure. Hey guys, don't forget if you
• 22:03
  want to protect, protect your whatever, maybe some silver,
• 22:08
  maybe some gold. Please check out Dirty Man Safe.
• 22:12
  It's a safe that you bury in the ground.
• 22:14
  Not only, you know, does it keep it safe from fire and other
• 22:18
  natural disasters, but also flood like the silver tsunami
• 22:22
  that's coming through. They do have a discount code Ron
• 22:25
  10 that you can use to get a nice discount and maybe a couple
• 22:29
  extra freebies thrown in as well.
• 22:32
  Thank you guys for being here. Please, if you enjoyed your time
• 22:34
  in the basement, it's a big honor when you join us down
• 22:37
  here. Subscribe to the channel that's
• 22:39
  free. Give this a thumbs up, leave a
• 22:42
  comment in the comment section and thank you from behalf of
• 22:45
  myself and upstairs, Susie, for all your support.
• 22:48
  Let's check in with the boss right now.
• 22:50
  Susie, are you there? I'm here.
• 22:54
  OK. Did I forget to mention
• 22:58
  anything, Susie? I don't think so.
• 23:02
  All right, all right, guys. Have a great day.
• 23:04
  Take care, and we're going to look forward to seeing you.
• 23:07
  And yes, I see you. We'll see you next time.
• 23:10
  Bye. Bye.