Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / A GOLD SHOCK Is Coming (Plus THIS for SILVER Too): China, Cambodia, Fed Audit Converging NOW!
Transcript
- 0:01Are you ready? Are you prepared for a shock to
- 0:04the gold and silver markets like many of us can't even
- 0:08anticipate? We are absolutely in a new
- 0:12paradigm, a new environment for silver and gold.
- 0:15And in this video we're going to cover all the reasons why, a lot
- 0:20of reasons, a lot of examples. The first thing I want to say to
- 0:23you though is thank you, yes, you for joining me down here in
- 0:27the basement. It's a big deal when you give us
- 0:30your time, we hope you feel like you found a home away from home.
- 0:33Please subscribe to the channel. It's free.
- 0:36We don't charge for anything, no memberships, anything like that.
- 0:39And remember, press the little bell so you get notified every
- 0:42time we go live. Now let's start with silver and
- 0:46then we're going to move on to gold because for both of these
- 0:49precious metals, we have so much to look forward to, such a big,
- 0:53big opportunity for a period of time.
- 0:56I'm talking a decade of price increases like a a lot of us
- 1:00can't even imagine. Now remember, I'm not a
- 1:03financial advisor. I don't have a crystal ball, but
- 1:06I'm sharing with you my truth and what I see.
- 1:08And that's corroborated by many other of the top analysts.
- 1:12Let's start with silver and just talk about a shocking fact in
- 1:17the silver market right now. This comes from Marin Catoosa.
- 1:21He doesn't put out a lot of content.
- 1:23However, he's one of the most respected names in the silver
- 1:27and gold sector, and he put out this chart.
- 1:29It says because the silver market is so small compared to
- 1:34others, any influx of capital into developers and exploration
- 1:40companies will change valuations quickly.
- 1:43And there's a big reason why this is good news for the
- 1:47overall silver price. But guys, just take a look at
- 1:51this chart. It is absolutely stunning to
- 1:54look at. You may need to put your
- 1:55spectacles on like I need to. There is the silver silver
- 2:00mining industry right there. A market cap of 0.13 trillion.
- 2:06Even compared to gold mining, right?
- 2:08Gold mining is also small, but gold mining is multiple times
- 2:11bigger. Look at the entire silver mining
- 2:14industry compared to Tesla right?
- 2:19Compared to NVIDIA, right? One company, right?
- 2:24We're we're talking like maybe I don't know what the number is,
- 2:28maybe one 100th the size. Why is this a big deal?
- 2:33Because this shows us that there has been almost no money
- 2:37invested into the silver market if and when the silver price
- 2:42explodes higher. OK, there is not a huge silver
- 2:46mining industry that can just suddenly flip a switch and make
- 2:50more silver. OK, Yes, there are some
- 2:52companies. First Majestic other companies
- 2:55that are mining silver, no doubt about it, but these companies
- 2:59kind of are are saw into the future and it made investments,
- 3:03but it's still a very tiny segment.
- 3:05Those companies are going to be in great shape because there
- 3:08just isn't any money that was spent in the last decades on
- 3:12exploring and developing new silver mines.
- 3:15So please, when we look at that chart and you say, oh, look how
- 3:19small the silver mining industry is, take a step back and think
- 3:22about all the factors that we that are influencing the silver
- 3:26price in the next decade and think about the fact that there
- 3:29just isn't a new supply of silver.
- 3:33They can suddenly be put on the market.
- 3:35It's basic laws of supply and demand.
- 3:38You don't have to be an MIT, a scientist or Albert Eisenhower
- 3:41to understand that when the demand for silver, right?
- 3:44And we know we just got news what the fifth straight year of
- 3:47silver deficits from the Silver Institute.
- 3:51Eventually, when the when the demand for physical silver
- 3:56completely overwhelms the supply, it's going to be
- 3:59incredible. It's going to be for people who
- 4:02have the foresight right to to own physical silver.
- 4:06Now I believe it's going to be a very incredible time.
- 4:09Again, I don't have a crystal ball.
- 4:11Please always be responsible with any investments you make.
- 4:15But I remain crazy optimistic. Don't forget, if you want to get
- 4:18your hands on some silver right there, First Mint sponsors Ron's
- 4:22basement. What a unique opportunity, what
- 4:24a unique company. They get you the silver directly
- 4:28from the mine to the mint to you.
- 4:31They're owned by First Majestic, Keith Neumeyer.
- 4:33Everybody knows who he is, right?
- 4:35Highly respected name in the silver mining industry.
- 4:39First Majestic Silver owns First Mint.
- 4:42So they mine the silver in Mexico, ship it to Las Vegas,
- 4:46NV, where it's transformed into these world class silver bullion
- 4:49products, and then they go directly to you.
- 4:51Go check them out at First mint.com.
- 4:55The reason I can say that with such confidence is I've received
- 4:58overwhelming positive response from us, the basement dweller
- 5:02community. You're down here in Ron's
- 5:04basement with me. So many happy customers of First
- 5:07Mint. They have a special discount
- 5:09code. You can use, VIPRB and free
- 5:13shipping on orders over $299. Again, it's first Mint dot com.
- 5:20Thank you, First men for sponsoring Ron's basement.
- 5:23It gets even crazier. Let's go to gold.
- 5:25All right, Gold is the grand pappy of precious metals.
- 5:29We know that we love our silver. We also love our gold.
- 5:32And when we look at the gold market, there's many reasons why
- 5:35we can be very optimistic about where we're heading in the
- 5:39future. Let's run out and we will look
- 5:41at the silver chart a little while, but I got some crazy
- 5:43interesting things for us to look at on the gold side.
- 5:47I didn't. I thought this was a great
- 5:48representation, presentation of who owns all the gold, But then
- 5:52there's some controversy that we're going to get into about
- 5:55this also. But which countries hold the
- 5:57most gold? And look at this map, OK, the
- 6:00United States supposedly, and we're going to talk about this
- 6:04as 8000. What metric tons of gold?
- 6:07Russia, 2333, China, supposedly only about 1/4 of what the
- 6:14United States has, but is that accurate?
- 6:17We're going to talk about that as as well.
- 6:20But as you can see, the world is moving to gold.
- 6:24Now let's move on to this interesting commentary from
- 6:28Forbes, Forbes, Forbes. This is from Forbes magazine
- 6:32about China and their gold reserves.
- 6:34It says China chases gold supremacy, right?
- 6:38Gold taking over the world as it builds AUS dollar alternative
- 6:43again from Forbes. Now listen to this.
- 6:46That's where it gets interesting.
- 6:47China is rapidly closing the gold gap with the United States
- 6:53as it quietly builds what is believed to be the world's
- 6:56second largest stockpile of gold.
- 6:59Unofficial estimates put China's gold reserves at up to 5500
- 7:05metric tons. Now, officially, supposedly they
- 7:09only have 2200, but we know. And next we're going to look at
- 7:12some more data that tells us that China is making big steps
- 7:16and into controlling the world of precious metals.
- 7:20So unofficially, they have up to 5500 metric tons, more than
- 7:24double the official reported holding of 2300.
- 7:29And then we get this. This comes from Thailand, right?
- 7:32We're going to look at it new sources other than the Western
- 7:36media and from Thailand we get this Cambodia ready's gold
- 7:41deposit in China as Beijing pushes to host global global
- 7:48bullion hub. That's hard to say global
- 7:51bullion hub. Now this is interesting in
- 7:55yellow Cambodia to store gold reserves with China's Shanghai
- 7:59Gold Exchange vaults marking a shift away from Western
- 8:04dominated bullion centers. OK, now we've got some news
- 8:08coming up next about the US Senate, something very
- 8:12interesting that they want to do with the United States gold
- 8:16reserves. But let's get back to this China
- 8:17Cambodia story, which says Cambodia is set to become one of
- 8:21the first countries, one of the first countries to store part of
- 8:25its national gold reserves in China under arrangements via the
- 8:30Shanghai Gold Exchange in the duty free zone of Shenzhen and
- 8:35Purple. This is the key.
- 8:37This move reflects A broader push by China to elevate its
- 8:41role in the global bullion market and reduce dependence on
- 8:47traditional Western gold storage hubs like London or New York.
- 8:54Guys, it is happening, right? The world of precious metals is
- 8:58changing like never before, and it's happening right now before
- 9:03our very guys, China, India, we know what India is doing with
- 9:08silver, basically monetizing silver starting in 2026,
- 9:13allowing citizens to use silver as collateral to get cash loans,
- 9:18right? China with the Shanghai Gold
- 9:20Exchange, the Shanghai Futures Exchange, building vaults all
- 9:25around the world. Gold has always been money,
- 9:28Silver has always been money. And right now, right is the
- 9:32world drowns, absolutely drowns in debt like never before.
- 9:38We're seeing a natural progression right of of
- 9:42importance and value being placed back on gold.
- 9:45It never went anywhere, right? We talked about this for years.
- 9:49Some of you are new, right? Welcome.
- 9:51Some of you have been around the basement here for a long time.
- 9:53Don't forget to subscribe. But we've been talking about it
- 9:56for years. And it's not just since I've
- 9:58been talking about it. This has been going on for
- 10:00thousands and thousands of years.
- 10:02Where gold and silver, JP Morgan himself said it, right?
- 10:06It's written in the US Constitution.
- 10:09Are the real forms of money, the real forms of value?
- 10:13And what are we hearing now from the US Senate?
- 10:16This is fascinating in this, I think a lot of gold and silver
- 10:21followers are much in favor of this comes from metals and
- 10:26miners. US Senator introduces A
- 10:31comprehensive gold audit legislation.
- 10:35Get a load of this guys. US as U.S. debt soars and
- 10:39foreign central banks stockpile gold.
- 10:42Yeah, you think so? Not the not the average U.S.
- 10:46citizen. The average U.S. citizens.
- 10:47Like gold, silver. What's that?
- 10:49Remember what we like to refer to those people as the sheeple.
- 10:58One US Senator introduced a bill to require the first
- 11:02comprehensive audit of America's gold reserves in decades.
- 11:06How does that make you feel? Sponsored by Senator Mike Lee of
- 11:11Utah, the Gold Reserve Transparency Act would require a
- 11:15full, a full assay, assay, sorry, inventory and audit of
- 11:21all the United States gold holdings, along with an upgrade
- 11:25in the purity of the gold so that it needs global market
- 11:28standards. All right, one more paragraph,
- 11:31we'll read. This measure will also require
- 11:34Full disclosure of all transactions involving America's
- 11:38gold because some people speculate that some of our gold
- 11:41may have been leased out. So technically, maybe we don't
- 11:44even. Again, this is speculation.
- 11:47Make of it what you will, but maybe we don't even actually own
- 11:49it all, including any purchases, sales, loans, pledges, leases,
- 11:54swaps and other encumbrances. I think they covered it all
- 11:58there dating back 50 years, 50 years.
- 12:02Such activities have never been publicly disclosed.
- 12:06And that's the the rub that a lot of precious metals
- 12:10aficionados have, like, OK, so if we have this gold supposedly
- 12:14in Fort Knox, why can't we see it?
- 12:16Why can't it be audited? If it belongs to the American
- 12:19people, the American people deserve to know that it's
- 12:22actually there and that it's not encumbered in any form or
- 12:27fashion. All right, next we're going to
- 12:29talk about, oh, I didn't even tease you with this $5200 gold,
- 12:34right? Jesse Colombo, the one of the
- 12:36top analyst put out of a piece that I think shows very
- 12:41interesting recent developments in the gold market.
- 12:44First I want to say it's the first mining gold for sponsoring
- 12:48Ron's basement third development stage gold company in Canada.
- 12:52It's a stock I've owned long before they sponsored the
- 12:56channel, right? They've got massive gold
- 12:58projects in Canada, Spring Pole in Ontario and Du Parquet in
- 13:03Quebec. These are two big multi million
- 13:06ounce gold development stage product projects.
- 13:08So when you own first mining gold, the way I look at it is
- 13:12you own gold in the ground in Canada, which is very, very
- 13:17appealing. It's a great jurisdiction and
- 13:20these are huge projects. Let's remember the big gold
- 13:24mining companies right now are making tons of money.
- 13:28Record. You wouldn't believe the amount
- 13:30of money that these big gold mining companies are making, but
- 13:33every time they mine an ounce of gold out of the ground.
- 13:36And the same is true for a silver mining company.
- 13:38They have to replenish that, they have to refill their
- 13:41pipeline of future production. So a company like First Mining
- 13:45Gold, who has these two huge projects and Canada can become
- 13:48very, very appealing to the big gold mining companies and these
- 13:53big gold miners. And we know the big silver
- 13:55miners are going to be looking to do the same thing, are now
- 13:58starting to look to grow. OK, very interesting.
- 14:02You can learn more about First Mining Gold at
- 14:04firstmininggold.com. Let's talk about what Jesse
- 14:07Colombo, why is he talking about the prospect of $5200 gold?
- 14:13And Jesse is, in my opinion, wrong page.
- 14:16There we go. Let me make sure I've got you.
- 14:19Yes, you are on the right page. This comes from the bubble
- 14:23bubble report. It is one of the most, if not
- 14:26the most popular sub stack in the precious metal sector and
- 14:30for good reason because Jesse Colombo has emerged as one of
- 14:34the top analyst in the sector. He says, is $5200 gold, gold and
- 14:39$72 silver imminent, right? That means like right around the
- 14:44corner, right? The past months, consolidation
- 14:47in precious metals has formed multiple triangle patterns.
- 14:51I call them wedge patterns. I may be wrong with that.
- 14:54But yeah, there he technically, I'd go with Jesse refers to them
- 14:58as triangle patterns, which indicates another powerful surge
- 15:02is likely ahead. Let's look at gold here.
- 15:06He's showing and let me get the markers out for those of you who
- 15:10are newer to technical analysis. What he's showing here is this,
- 15:15right? This is the gold price.
- 15:16This starts back in. Hold on, let me make this a
- 15:20little bigger for us. Come on.
- 15:24There it is. Well, no, that made it smaller.
- 15:28All right, well, we're live. We'll deal with it.
- 15:31Here we go. This starts back in September.
- 15:34This is October, right here. Here is October.
- 15:38And as you can see from October, right, this is time on the
- 15:42bottom through today, the gold price has been within this zone.
- 15:49But the zone is creating, as you can see these two lines coming
- 15:54together, a triangle, OK, or a wedge.
- 15:58I call the wedge at some point, right, the gold price has to
- 16:01break, is going to breakthrough the top or the bottom line.
- 16:06Since the, the the trend has been to go up, it is more likely
- 16:11that what we're going to see when this gets resolved.
- 16:13And it could be, you know, a matter of weeks, maybe months,
- 16:16but it can't go it it eventually the the triangle converges and
- 16:21it has to break out. If and when it breaks out, it
- 16:24will be a very, very beautiful thing.
- 16:27Could lead to what he's saying is $5200 per oz in the gold
- 16:33price. And what's interesting about
- 16:35this, we can go back and look. Here we go.
- 16:40We had the same thing occur. We're going to look at it on the
- 16:43smaller screen here back in the winter of 2024.
- 16:47You can see there was a triangle pattern that broke out to the
- 16:51upside. We saw the same thing in the
- 16:54summer of this year, right? A triangle pattern boom and it
- 16:59gets to gets to this point and eventually broke out to the
- 17:02upside. And now here we are today,
- 17:05right? What we're anticipating,
- 17:07although there's no guarantee basement dwellers is that we
- 17:11could when this gets resolved, break out to the upside as well,
- 17:14whether whether we're talking about gold and there's similar
- 17:18patterns forming in the silver market, even if we do go back
- 17:23and retest. Let's talk about the silver
- 17:25price today. I promised you that we'd look at
- 17:27the let's go get an update on the silver price.
- 17:29We'll go out to CNBC here. And OK, so silver's down $0.43.
- 17:36We are looking at a one day chart on silver.
- 17:39You can see we were down as low as almost $48 per oz in the
- 17:44futures market. We're getting a lot of
- 17:46volatility which is normal during any big move up.
- 17:50And when we look at come on, go on, let's get that to $50.
- 17:55What do you say guys, when we look at the longer term chart on
- 17:59the silver price, we can see we still have absolute hold on one
- 18:04second upstairs. Susie, hold on guys.
- 18:08Did you say something? Sweetheart?
- 18:09I don't see the chart. You still don't see it right
- 18:13now. Maybe that is the one.
- 18:15Is it still the double double report?
- 18:19No, no. I wonder what's going on.
- 18:20Hold on a second here. Let me go back.
- 18:22It's showing me that every it is wrong.
- 18:25I'm sorry. I what the heck did I do?
- 18:28Sorry, guys. Thank you, Susie.
- 18:32All right, I was looking at the wrong chart.
- 18:35I apologize, guys. There we are.
- 18:37Now you should be seeing the welcome to live streaming.
- 18:42Now we're on the silver chart. OK, we'll go back to that one
- 18:46day that I told you I was talking about, which I wasn't
- 18:50talking about or not showing. There's the one day we got down
- 18:53to 40, $8 per oz. And when we look at the one year
- 18:57chart on silver, couple interesting things.
- 19:00You go up here and get the crayons, OK?
- 19:05I mean, you can still see from April of this year a good solid
- 19:10uptrend in the price of silver. I think even if we get down to
- 19:14$45 per oz, I'm not calling for that $4443 per oz.
- 19:18We're going to see such massive consolidation, such a massive
- 19:23base that will be built that we are going to be in absolute
- 19:27great shape moving into 2026. I'm not saying I think that's
- 19:32going to happen, but I think that all right, we got 100
- 19:36likes. I'll ring.
- 19:39OK, Everybody say this is if you heard that voice in the
- 19:42background. For those of you who are new,
- 19:45that's my wife upstairs, Susie, who is beautiful and a lovely
- 19:49assistant and communicates with me very via this walkie-talkie
- 19:54that when I'm locked down here in the basement dreaming about
- 19:57gold and silver. Anyway, we're OK on that.
- 20:00We're in good shape. Now.
- 20:01Let's and I will say hi to a few people.
- 20:03So if you want me to say hi, I'll do that in a few seconds.
- 20:07That'll be great to see because we got people all over the world
- 20:10that are joining us on these live streams.
- 20:12You are the most important, but I want to show you something
- 20:16that is just absolutely shocking.
- 20:19And shows how how the value of precious metals maintain
- 20:23themselves while unfortunately, the US dollar is losing both
- 20:28nominal and real, real value. Guys, this is a bit of a brain
- 20:32twister, but I think you can get it.
- 20:34And I'm going to do my best to make this very clear for
- 20:37everybody. And I want to make sure I've got
- 20:40everybody on the right screen, which we do.
- 20:43This came from the Sam Parker. OK, he's got 100,000 followers
- 20:49on X. Listen to this in the year 2000.
- 20:53Remember back then, right? Do you remember the average US
- 20:56salary was $35,000 and it purchased 130 ounces of gold?
- 21:06So in the year 2000, remember Prince Party like it's 1999?
- 21:10All that great stuff. The average person was making
- 21:13$35,000 and that 35,000 would buy roughly 130 ounces of gold.
- 21:20Today that 130 ounces of gold is worth $527,000.
- 21:30Think about that. That means if you wanted to get
- 21:33that means that the that the average salary today would have
- 21:37to be $527,000 today, 2 thousand 2525 years later.
- 21:44If you wanted to buy the same amount of gold that the average
- 21:47salary would buy in the year 2000, I think we all know.
- 21:52Well, let me go back here and there's other ways to look at it
- 21:55as well. There's a graphic version of it.
- 21:57OK, here. This is gold bought by the
- 22:01average US salary, OK, $35,000 in the year 2000, bought 129
- 22:09ounces of of in in today. That would be worth as you can
- 22:13see there $527,000. If that doesn't prove to us
- 22:19right, that the gold in particular, and I don't know the
- 22:22specifics on silver, but I would imagine it's pretty darn
- 22:25similar, right, That that the value of gold has maintained
- 22:30itself while the value unfortunately of the US dollar
- 22:33is gone down the tubes. And that's because of money
- 22:37printing. That's because of dilution of
- 22:39the US dollar. That's because of massive
- 22:42deficits that our government has run that is required them to
- 22:45borrow just exorbitant amounts of money from around the world.
- 22:49And it sure feels like right. The hens are coming home to
- 22:53roost. OK, guys, let's go out here.
- 22:55Want to say hello to a couple people, and then we're going to
- 22:58ring the golden gong. I can see.
- 23:01Oh, boy. My, my print is small.
- 23:03So you're going to. OK, there we go.
- 23:04The original Osloc at 420. Stinking ink.
- 23:09The original Osak. All right, call me Aust.
- 23:12Hello, Aust. OK, who else do we have on here?
- 23:16Let me see if I can get this to scroll up a little bit.
- 23:20And please share the stream. Thank you.
- 23:23That's upstairs, Susie. All right, Who else do we see?
- 23:26The Rio 7018, San Antonio, TX. All right, guys, we're going to
- 23:31do it. Let's prove that gold and silver
- 23:34stackers precious metal mining investors are all over the
- 23:37world. Tell me where you're from.
- 23:39I'm going to try to say where you are and what your name is.
- 23:41I'm looking at the big screen right now.
- 23:43OK, Alvarado, TX, the Rio 7 O 18.
- 23:47Who else is out there? Huh?
- 23:49I grew up in South county. The all cool man.
- 23:52We live out here in West county. I love South county swap
- 23:55Minnesota. Wow.
- 23:57Swim. Oh boy.
- 23:58Now it's flying through Detroit. G Mac rock guys, Filver, New
- 24:02York, Utah. Charles, nice to see you.
- 24:07All right, Idaho. Come on.
- 24:09We got, we got to have some international watchers as well.
- 24:12What do you say, guys? Wisconsin.
- 24:14Love Wisconsin. We went to The Dells this
- 24:17summer. There's upstairs.
- 24:18Susie. She's upstairs.
- 24:20Portland, OR. Oh, boy.
- 24:21Now it's all coming through. I'm trying to keep up.
- 24:23Georgia, Augusta, GA, Clay, I-55, Butler Hill Rd.
- 24:27All right, my friend. India.
- 24:29Rhode Island, North Carolina. Humble, TX, Louisiana.
- 24:33Massachusetts. Winnipeg, MB Sturgeon in
- 24:37Missouri. My gosh, Wyoming.
- 24:39This is incredible. What that shows us, right?
- 24:42We're a group of people coming together.
- 24:44We're all very important, but it also shows us, right?
- 24:48The gold and silver are valuable everywhere.
- 24:51Let me get the golden gong. I'm going to ring it three times
- 24:54for you, right? This is a community.
- 25:00All right. Thanks for being here.
- 25:02The future looks bright for the precious metals.
- 25:04Yes, there's going to be volatility.
- 25:07That's part of the process. Remember, nothing goes up in a
- 25:10straight line. I'm not a financial advisor.
- 25:13Always, please, guys, always be responsible.
- 25:16Don't put yourself at risk or your family at risk with any
- 25:18investments you make. I can say that I can give that
- 25:21financial advice. Always be careful.
- 25:25Thank you for being here. OK?
- 25:26I'm going to look forward to seeing you next time.
- 25:29Take care and I'll see you. Yes, you soon.