Silver and gold have been the base of the money system for the millennia, they have always been valuable on a universal level, and now is the world finds itself a wash in debt like never before, the silver price and gold price will only continue in an upward trajectory. In this eye-opening video, we delve into the alarming state of consumer debt in the United States, which has reached a staggering $17 trillion. As individuals are forced to rely on credit cards for day-to-day survival, the record-high interest rates associated with this debt pose a dire situation. Combined with the lagging effects of the United States Federal Reserve and Jerome Powell’s 2022 interest rate hikes, we may be on the brink of a true financial storm. Join us as we explore how this mounting debt, be it on a consumer, government, or corporate level, ultimately erodes the value of tangible assets like gold and silver. Gain crucial insights and learn how to navigate these challenging times.
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FIRST MINING GOLD (additional information):
Website: https://firstmininggold.com/
Questions: paul@firstmininggold.com Director of Investor Relations
Stock symbol: OTCQX: FFMGF / TSX: FF / FRANKFURT: FMG
Paid Promotion Disclosure: RONS BASEMENT YouTube channel is sponsored by First Mining Gold. Any information shared in this video should not be construed as investment advice or a recommendation to buy or sell the company stock (informational purposes only). Ron does own a significant number of First Mining Gold shares, which were purchased years before the commencement of this sponsorship arrangement.
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15 Comments
First 🙌🏼🙌🏼💯
Red Shirt Red Shorts ❤️❤️ absolutely fashionable 🥶 I respect yours and Suzies decision 😂
LIKE share and subscribe almost 21k subscribers 😊
LETS HELP GET RON TO THE BIG 21K SUBSCRIBERS .
Same in Australia ❤same in all western countries
Put it on the card❤
Banks offer cards to 18yr olds,with $5000 li it,wow they think how cool,they have no idea,educated advise from adults what's involved in debt and payback,
POPULIST MOVEMENT 1899
THANK YOU RON AND CHRIS
Thank you Ron,Chris,everyone for imput❤
Ron, regarding the “gold standard “ please consider the impact of the Basel 3 gold requirements on gold prices and acquisition by central banks🖖
I pay cash all the time
👍👍👍
Silver will one day go parabolic. Unfortunately, the current economic elephant in the room is the deepening end to the short term credit cycle. This cycle will cause a devastating deflationary period almost immediately and a recession/depression for the history books. So, I'm expecting price pressure on everything, including the metals. For those day traders here into SLV, IMO, we now need to test the 200 day EMA currently just below the $23 level for silver. We do live in interesting times.
Again 👍👍👍
Now as a farm worker I have no idea about finances or financial issues.
If people have large amounts of Credit Card Debts owed to Banks and mortgages owed to Banks and people cannot afford to pay for the Debt they owe to the Banks and the Banks borrowed Currency to loan out to people who cannot pay back the debt shouldn't everything CRASH in value and fool's like myself who don't have Debt should ba able to buy up for pennies on the dollar 🙄🙄🙄