**Best Time to BUY SILVER** (plus US Debt Clock’s SHOCKING Data)

In this riveting YouTube discussion, we are joined by Coin Shop Chris to unravel the intricate relationship between current events and the fluctuating prices of silver and gold. Our spotlight turns to the ominous US debt clock, unveiling staggering statistics that paint a grim fiscal and monetary panorama in the United States. Join us for a deep dive into the economic complexities shaping precious metal markets, offering insights that are both eye-opening and crucial for understanding the evolving financial landscape. Don’t miss out on this insightful analysis with Coin Shop Chris! 📈🔍 #SilverPrice #GoldPrice #EconomicAnalysis

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This is unheard of people are waiting for Ron I see it in your comments every single video they’re waiting for $14 silver $17 silver I folks we get that low you’re not paying 14 you’re gonna be paying probably more than you’re paying now is now the time for you to be buying

Silver and how much silver should you be buying is the market handing us a golden opportunity to buy silver we’re going to discuss this with expert coin shop Chris but also we’re going to talk about some startling horrifying omniscient numbers from the US debt clock that will also

Have a big impact on the precious metal prices as we move through the rest of 2024 coin shop Chris welcome to Ron’s basement how are you doing Ron I hope everybody out there and the Ron’s basement world is doing all right i’ like to take a moment to say like share

And subscribe this and share this with two other people please we need to get some more viewers and by way R I’m no expert yeah you are an expert in my book and uh and on top of that we want to say thank you to the viewer who’s joining us

Today Chris it’s you know you and I right we’re the we’re the two most important people in our worlds but there’s someone who’s joining us a basement dweller who’s interested in silver and gold and that’s what we’re going to deliver for them yes you today Chris is now the time to be buying

So I think it’s um anything we said this I’ve said this before Ron anything under $50 an ounce I would be buying it so was that a yes absolutely yeah at these prices even raw stuff graded stuff I mean you can get a lot of nice stuff

Even graded under $50 an ounce um right just right now now if people integrated stuff get out there and get it because we know it’s going to just going to go up I mean raw stuff solent coins are going what 25 2627 right now it I mean this is unheard

Of people are waiting for on I see in your comments every single video they’re waiting for $14 silver $17 silver I folks you we get that low you’re not paying 14 you’re going to be paying probably more than you’re paying now because everybody’s gonna run run to

Those golden gates and get their hands on it thinking they’re get bargain get it now don’t wait because because the market is handing us a golden opportunity to buy silver premiums on Silver I won’t say they’re all-time low but historically speaking the premium the amount you’re paying over the spot price to get

Yourself an ounce of silver are at historical low levels they are at extremely low levels when compared to let’s say 10 months ago when people were paying $15 $20 premiums just to get an American Silver Eagle and it feels like now you can get American silver eagles

For $4 over spot so the premiums are way down you can buy you can buy premium level Sovereign minted silver coins right now for not much more than you pay for just a regular old silver round is that what you’re seeing Chris you mean you’re in the business what are you seeing

Absolutely r i mean they’re going for like 275 more than you know an just a regular you know you know round bar just whatever um one of your moderators picked up um 10 oun Canadian bars for $26 and an ounce Ron 260 yeah I mean that is that is I mean

I’m not trying to be a pumper here but that’s cheap I mean we are Pumpers we are we are we are Pumpers and you know I think the person person again who’s joining us right now our beloved viewer probably likes to hear about the uh the optimistic Viewpoint for silver uh what

About gold compared to Silver it’s taking 90 ounces roughly of silver right now to get one ounce of gold but the reverse of that is true as well I don’t own any physical gold but if I did I’d be thinking long and hard about converting a 1 o gold coin uh into 90

American silver eagles me right now Ron I if if people have gold this is what I tell people at the shop run don’t trade for silver buy silver um we don’t know what where Gold’s GNA be right now I do believe gold is buying opportuni still um but silver has more

Upside potential than gold right now yeah and you know I mean if you really want the silver and don’t have the cash I wouldn’t trade in all your gold for silver you want to do one or two ounces fine I would say but um if you

Have gold I would hang on to what you have and not do any conversion right at this point I’m just saying it’s I’m just saying it’s very attractive I don’t think you and I agree on that matter Chris but that’s okay but I do think it’s very attractive to to to convert

One Gold Eagle into 90 American silver eagles well I I’m seeing gold might slipping maybe another $30 $40 before we start taking off and I think silver is going to be on kind of like a holding pattern here for another couple weeks that’s just my opinion I could be dead

Wrong I’m always wrong so I mean no you’re the expert now question for you how much silver how much gold should a person acquire I know we like to say well as much as possible but uh my thoughts on that is only convert money that you think uh in into silver

And gold that you believe you could hold that Silver and Gold forever that you want to that it’s generational that you want to that you want to protect your wealth and hold on to your wealth what are your thoughts on that coin shop Chris absolutely r i mean you you know

You don’t want to be converting the for the cash you don’t have they have to come up and you know I see this almost on a daily basis on people will come in and just need to a couple ounces of silver to get through to the next payday

They’re $40 $60 $80 short for whatever reason well I think we know the reason due the inflation to cost everything and their paychecks are not keeping up to what they need to get for the household yep y thank you Chris next we’re going to talk about the US debt clock and some

Horrifying numbers and how that could relate to the silver and gold price as we move through the rest of the year but I wanted to take a second and say thank you to our Channel sponsor Fortuna Silver Mines they just announced record production numbers for 2023 paid off $40 million in debt and

Right now I believe the stock price uh uh presents an outstanding value opportunity now look I’m not giving Financial advice I’m just sharing with you my opinion and it is a stock that I’ve owned for many years before they agreed to sponsor Ron’s basement but if you want to learn more about Fortuna

Silver you can go to Fortuna silver.com coin shop Chris when we look at the US debt Clock we’re horrified I think our blood pressure goes up what are you seeing my blood pressure goes to the roof Ron I think I might have broken a couple of chairs because I get so damn

Mad um looking at these numbers that’s a joke by the way um so anybody thinking I’m that violent no I’m not but um no it’s horrifying Mor run you know let’s just start off with this run most people know the US debt is 34 trillion dollars

In growing so if we broke that down and the debt Clock does a pretty gosh Dar good job of breaking it down so if you’re a US citizen you would owe not technically owe this but they broke it down where it came out to be $1,327 per US citizen that means your

Two daughters Ron that’s 11 years old has that technically has that debt if you broke it down to everybody in the country or people outside living in the US to still considered US citizen that is what they ow you and I are taxpayers are on so we would be we would be paying

$264,900 on that’s the breakdown not saying we allowe this whoa whoa whoa whoa so you’re telling me that my share of the the United States debt as a taxpayer right now is over a quarter million dollars that is what I’m telling you yes sir so so we’re all we’re all

We’re all walking around with little bubbles above our head and mine says 264,000 n0 because I don’t have any other debt but even though I think I don’t have any debt really my share of the national debt is that much and you’re telling me that my my beautiful

Twin daughters are indentured as well they have bubbles above their head that say $11,000 uh three $1,327 and it’s probably closer to$ 101500 now because these numbers keep going up and up absolutely R it’s it’s and and they do a good job of breaking it down now just to confirm to everybody

We don’t you don’t owe this that that’s how they just break it down I want to clarify that you mean we’re not going to get a bill in the mail no we’re not gonna get a bill we’re not GNA get a bill in the mail wrong well it gets it

Gets even worse right that’s just our share of the national debt but when you consider credit card debt the next number you have for us $1.3 trillion doll and if you break that down by US citizen I hear different numbers and I guess we could could do

The math per se but like the average family in the United States has 10,000 in credit card debt I mean it’s just crazy and then you factor in student loan debt you factor in car debt you factor in Mortgage Debt uh most people don’t really think about their share of

The national debt but that’s real you know and this credit card debt what is going to happen when you know if you or I went out there tomorrow and when you and I went out to Las Vegas run and let’s say we both had a Discover card and I’m not picking on just

Discover here you can use any Bank you want to but we both had a $5,000 credit limit and you and I went to the CPS table one night and we just maxed that out after it’s gone Ron we got no more credit left it’s gone on right um people

Are getting Tapped Out yeah well people don’t have Chris people don’t have that 1.3 trillion overall in aggregate represents the fact that Americans have maxed out their credit cards Americans also and this data is not on the US debt clock but they don’t have any savings on average Americans

Also Chris are tapping into their 401ks just to make ends meet I mean it is it’s crazy absolutely what about new car prices I mean we know that uh the the the prices of everything we we need to live in this country on a daily basis are becoming

More and more affordable right well let’s say back let’s go we this came also off the US debt Clock Ron median income in the year 2000 medium income in this country was 31,000 $69 a new car back in 2000 average size new car four-door sedan would roughly cost you

$2,881 a new home or a home mediumsized home would cost you 161,162 34 advertize new car today 49,682 2,593 so I W to I want to share with our viewer uh an observation incomes went up by about 30 30% during that period 2000 the year 2000 till now uh but the price

Of a new car more than doubled and the price of a home almost tripled yes yeah nearly tripled um but you’ve got so double car price triple home price and uh but an incomes that only went up by onethird uh no wonder the younger generation is getting frustrated right

Um let’s Chris let’s move on to there’s some interesting data about silver and gold on the US debt Clock as well what did you discover there hey Ron 39.27 contracts to 1 o of silver wow 390 so let’s say round it down 300 so 390 paper contracts to one ounce of

Silver so keep it in simple terms on take $390 $1 bills and have one ounce of silver yeah well what and what that and what that represents is the amount the number of paper electronic comx lbma silver ounces that are traded on an annual basis um compared to the amount

Of silver that is actually mined on an annual basis so basically what that means is you have almost 400 billion ounces of paper electronic silver that are traded for each 1 billion of silver that’s uh produced by the mining sector and and recy line efforts absolutely

Yeah and we know we move on to go Ron 118.7 paper contracts to 1 ounce of gold so let’s round that up to 119 R for simple math 119 paper contracts to 1 ounce of gold somebody at the end of the day Ryan is not gonna get their silver and not gonna

Get the gold most of these contracts are on and the very fine print are paid out in cash interesting interesting we’re unless you’re a big unless you’re a big big boy or girl that has a lot of contracts you might get yourself physical silver and gold but at the end

Of the day most of these contracts are paid out in cash Yep they’re settled or sold beforehand yeah uh what about health care cost we see we’ve got a couple more crazy data points you want to share with us healthare the average Healthcare cost if you if you are working or if you

Weren’t working um you know your employee normally picks up most of the health care cost if you have health coverage but between you your cost and your employer’s cost back in 2000 it would have been $534 on today that has jumped up to $ 4,552 it’s almost it’s almost it’s

Almost kept up with the increase in house prices nearly a triple what about what about manufacturing jobs they want to talk about jobs on you know it’s working right R back in 2000 back in 200 be careful what Chris be careful what you say because Joe Biden watches Ron’s basement

Every day just to be in touch with what’s going on with the average American so we talked about the import we we we talked about the importance of this viewer right really they’re the most important person here and by the way thank you for joining us and we will

Ask you one more time please give this a thumbs up and subscribe to the channel so you can come back to the basement because we know Joe Biden from the White House he may be in the basement of the White House he’s watching so we just

Want to make sure Joe knows that it’s working go ahead Chris manufacturing jobs on back in 2000 we had 177,000 17 million excuse me 274,000 on we had 12 m987 321 sure it wasn’t 22 no 12 12 mlion 9 87321 okay wow I know my chicken scratch

Bad I’m just joking around I’m sorry I’m and I apologize to the viewer for joking around about what is actually really uh a sad State of Affairs when we look at these numbers I mean uh manufacturing jobs down by almost a third um what about unemployment let’s let’s talk

About that well they want to claim now this is a little bit more difficult to explain I guess because the official government unemployment numbers this just if you’re collecting um an unemployment check currently 6 Mill 395,000 done with this you were actually make well they don’t you don’t get

Unemployment anyways um that’s another job loss there and you’re part of the actual number but you’re not collecting so everything the government wants to tell us on TV on these um Fox News CNN C-SPAN um not C-SPAN but um MSNBC um Bloomberg CNN BC whatever the

Heck is out El out there on they’re lying to us yeah the numbers are frauds a and really the US debt Clock really does a good job of breaking everything down it’s free to go there you can go there anytime you guys want I would check it

Out yep yep so so if if uh if you’re feeling a little crazy uh if you’re feeling like life has become more difficult for you over the last 10 or 20 years when we look at these numbers it explains why so Chris if somebody out there wants to protect some of their

Wealth with silver or gold and we talked about gold earlier um let’s say they’re out shopping for quarter ounce uh Gold Eagles for instance would you happen to have any data related to like the pricing that you’re seeing let’s do a little comparison shopping what do you

Say Chris I do these are for most of these I’m gonna be talking about is for 2024 one quar ounce gold Eagles R atmax had them for $679 $23 JM bowan had them for $ 67955 bgasc had them for 6 7435 Mighty medals was their pick that

Means you would not get you might not get a 2024 but they had them for 63764 silver gold and B a little bit cheaper had him for $ 5954 herob bowan had him for 57967 but pinbacks just beat them out at 578 58 you mean I you mean you mean pinck our Channel

Sponsor beat them out just by a little less than a dollar it looks like a little bit more than a dollar at hero bowling okay so these are these were quarter ounce gold Eagles you took the prices from a number of available online bullion dealers you did these price you

Did this all at the same time and these are all uh for cash or a type transactions uh so you’re comparing Apples to Apples here amongst all these dealers correct absolutely and you found that you found that pinex uh when you compare it to I think it was atmex was the highest was

Almost $100 uh less for this quarter ounce gold eagle $100 197 C wrong almost $111 cheaper than atmax so let me get this straight coin shop Chris does that mean that if I’m out shopping for a quarter ounce 2024 Gold Eagle and I try to decide between appm or pinex right they

Both end in x but pinex p beex and if I buy it from pinex I’m going to get the exact same quarter ounce gold eagle but I could also I’m going to save $111 so I could I could I could buy the quarter ounce gold eagle and maybe get myself

Another three maybe almost even four ounces of silver on top of that absolutely Ron why would you do that why would you want to pay more I mean you know this this is my This Is My slogan if you want to pay more that’s your business if you want to pay less then

That’s Ron’s basement’s business and if you want to pay more head for the door we think pinck is best that’s why I love having pinck as a sponsor I feel good about them I have for the last 6 months I feel good when I get emails from our fellow basement dwellers that are

Joining us right now saying how happy they are with pinck so thank you pinck for sponsoring ronze basement and thank you coin shop Chris for your weekly shopping update I just want to show people how like you can get the same thing and then you get a couple or three

Or four bonus ounces of silver as well absolutely and let’s get right to the 30-day numbers R and and we will cut off here all right hold on let me introduce this this is the moment you’ve all been waiting for every week coin shop Chris digs

Through the numbers to give you a 30-day update on the on the Commodities on the markets that you care about most coin shop Chris what did you see when you looked at the 30-day numbers hello hello oh can you hear me I can hear you okay we’re having some technical difficulties

You want to do the 30-day numbers absolutely um silver was down $157 or down 6.46% goal was down $203 or down 0.99% Platinum took a big hit $56.90 or down 54 40% Bitcoin finally we’re down $ 77216 or down 1.17% oil was just down a here on uh pen a bill or down

0.01% silver to gold ratio 89.3 one wow so that means I just want to reiterate that to our viewer and even those of you that know it but I think it’s worth thinking about that if you want to trade let’s say American silver eagles for an ounce of gold that you

Would have to take four tubes that each have 20 uh 1 o Eagles each four tubes of 20 plus an additional 10 Eagles so you’d have four tubes and 10 Eagles to trade uh silver eagles to get one gold ounce correct absolutely wow crazy um Chris thank you

As always look we we’ve had you you provided some incredible information today so thank you thank you thank you I want to mention to our viewer that if you want to help support coin shop Chris there’s a link to his Paypal in the description of this video we’ll also

Have a pin comment where if you want to do something nice today and want to donate a little money to coin shop Chris uh that opportunity is available for you never expected always appreciated and don’t forget please give this video a thumbs up uh subscribe to the channel we

Are having a big giveaway on Valentine’s Day 23 ounces of silver if you want to know how to enter the giveaway there’s a link to that in the description of this video it’s real simple and Chris what did I forget to say thank you for watching Ron’s

Basement and we’ll see you all next week and I appreciate everybody’s support and we’ll see what happens next week thanks Chris we’ll see you next week see you next week