MASSIVE Gold MOVE Ahead… and BIG Silver News

Welcome to our latest video where we delve into the unprecedented surge of gold prices, now maintaining above $2,000 per ounce for a remarkable 14 consecutive weeks. November witnessed a historic milestone with the first-ever monthly close above this threshold. However, amidst this gold rush, gold mining and silver mining stocks are facing severe downturns. Additionally, COMEX registered gold is down by a staggering 21%. Join us as we analyze the implications of these developments against the backdrop of a looming debt bubble. Discover why investors are increasingly turning to precious metals like silver and gold as safe havens in uncertain times.

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Gold has closed above $2,000 per ounce for 14 straight weeks what does that mean for silver and we have some big news about silver as well but let’s dig into this crazy price action that we’ve had in Gold our friend Vince lanche pointed out on an interesting short article that gold

Closes its 14th straight week above $2,000 gold ended the week with its best day in February up six of the last seven days guys gold is performing super strong and don’t worry one more time I think this will become a permanent fixture remember the gold price pulls along the silver price

We’ll talk more about that later but this strong gold price should give silver investors and gold investors something to be very happy about uh other interesting points orderly it was a very orderly have you notice that gold has just been very steady Edy not a lot of volatility now let’s not be shocked

If we don’t have a Sunday Sunday night slapdown we don’t want it to happen but look we want to be prepared for the worst case scenario occasionally throughout history on Sunday nights we’ve seen things like gold get pummeled by 50 60 one time even $100 per out so

Let’s be mentally prepared again we don’t want that to happen we don’t think that’s going to happen I’m not predicting it’s going to happen on Sunday night but we’ve had very steady upward movement in the gold price and it gets even more interesting uh here here’s a chart

Showing show you a quick picture from Vince lanche the box there shows 14 straight weeks of gold closing above $2,000 this is big news on many levels cuz we’re going to talk about a couple reasons why and I think think maybe we’re going to start hearing more about

Gold and silver in the mainstream media uh Vince says this Market is being accumulated again no doubt about it people are buying gold bids underneath are keeping a floor under the precious metals prices and shorts are being forced to cover more frequently yes those short those naked shorts those

People that on the comex and the lbma just sell sell sell all the paper make believe silver they can sell whatever they want right well they’re being forced to cover their shorts which we feel really bad for them don’t we those price downward price manipulators we can also confirm our

Previous reporting and long macro the long macro players who bought on December 3rd and for days afterwards have expressed their opinions by now also buying options now why is this a big deal that we have this s uh gold price above $2,000 okay let’s just look quickly

Where did it go here it is I drew a new chart we had a cup and handle chart for silver guys the most powerful chart pattern in the history of the universe is this the cup and handle and this is fresh off the presses I drew it this

Morning a cup and handle chart for gold now couple very interesting things about this number one it starts back in 200 11 when we got up close to 2,000 in Gold we got down around what 1,00,000 somewhere in that range in 2020 we went back up

That’s the cup okay now if we go four years out in the future that’s what we have now that’s the handle okay this is the most powerful chart pattern in the history of the universe a lot of the technical people will say it cup and handle pattern is the most reliable most

Predictable pattern that’s out there um uh but what’s even more critical to think about on this is the longer the period of time that the cup and handle develops the more reliable and predictable that it becomes and this is where we are see Smiley see that’s

Me can you smile I dare you who can smile you know what I need to smile darn it I keep forgetting to smile type smile in the chat if you’re going to smile for me right now all right there we go did I do it yep I

Did it because that’s where we are right now guys $2,000 we are above $22,000 now from a cup and handle perspective that’s big but also from the perspective that gold had tried to close above $2,000 several times like three times okay couldn’t do it couldn’t do it

November of last year was the first time that gold on a month monthly basis closed above $2,000 and we’ve stayed above $2,000 and we’ve got this cup and handle pattern I’m telling you the future looks bright and don’t forget this is going to be a normal prop here

In the basement so bear with me this is the gold price I didn’t put the guy’s name on there Francis Hunt it’s who I got this idea from the gold price pulls the silver price behind it right and when like we have now this bungee cord

Is the silver to gold r IO when it gets extended all that energy when it gets released Voom okay I promise I’ll only do that once a week from now on but I think that’s a critical under way to understand what’s going on between the gold and silver price the silver to gold

Ratio gold to Silver ratio whatever they want to call it we call it silver to gold ratio here in the basement because we can do as we please this High silver to gold ratio mid 80s 90 historically High when it gets resolved right when that bungee that 90 turns into 60 this

The silver price goes up all right now let’s just visualize that but we got a lot of visuals today hold on here here it is this long-term chart since 1975 of the silver to gold ratio this is where we are today right right at about

87 on this chart 90 this dark area is historically where we’ve been this is 60 that’s about the average okay again if gold continues up and this this ratio gets just back to a long-term average areas guys we could have massive price increases in silver alone very interesting developments that we have

Going on in the gold market but how they relate to Silver as well everybody’s saying right silver is the most undervalued asset and I got more big news about silver that I want to share with you as well but if you want to get your hands on some silver gold or

Platinum if you’re going to go online and shop around do yourself a favor throw pinck into the mix I just got a shipment yesterday from pinex it was packed like Fort Knox it was a box that was nicely taped in that box was another box which was nicely taped and inside

That box was a bunch of packing material and a nice heavyduty rubber plastic bag with another plastic bag inside of it that had the 2023 branas that I had ordered uh I’ve always been very happy with pinck okay you get the best price the best service and a great selection I

Wanted to get some of the 2023 branas that had King Charles on them because nobody wants and I think they’re going to be valuable someday look I’m not telling you what to do I’m just recommending you do yourself a favor it’s what I did because one of you

Recommended to me that I check out pin Becks throw them into the mix compare the prices read the reviews I’ve received overwhelmingly positive feedback about pinck thank you pinck for sponsoring R the basement Ron McAdams thank you for that Super Chat my friend super generous uh super chats are super appreciated

Never super expected but they do go a long way to help support the channel so thank you in advance for for super chats and thank you Ron for that Super Chat let me have a sip of coffee because we got a lot more to talk about boys and girls silver

Stackers okay okay wow it’s just getting crazy okay comx let’s talk about the inventory we know the silver inventory at the comx at the lbm may I don’t know what the last three years almost a half billion ounces have been drained right what about gold this is very interesting

This comes from uh ditch the Deep state it was on the silver Dean Club this is about gold the amount of gold in the vault the the the registered gold that’s the gold that these the comx has the lbma have that they Ed to back all the paper contracts another blowout day on

The February gold contract Plus the comx gold bleed it’s bleeding continues 4.2 tons departing hsbc’s Vault year to date year to date sit down for this one comx registered gold is now down 21% 2.12 million ounces and comx total is down 11% all right wow the total amount the

Registered though the registered is the important number that’s the gold that can be used to settle the contracts for delivery people are taking delivery of the gold the Chinese want the gold the rich people want the gold people are losing faith in the system they want the

Gold the central banks want the gold people are taking the gold 20% of the registered inventory at the comx is gone puff okay we need to keep a close eye on this we know this trend going on around the world that people are moving to gold and again it’s going to bleed through

Into the silver market there’s absolutely no doubt about it but the hard data shows us uh again year-to date comx registered gold down 21% let’s move on oh one more one more interesting thing all right that we need to touch on that that everybody is talking about now but we talked about

Earlier in the week Stanley dren Miller sold tech stocks and moved into gold mining stocks Stan dren Miller not a gold bug Stan druck and Miller just what you might refer to as a very very smart investor okay a billionaire one of the smartest guys out there when he he sold

Traditional Tech they call it now Amazon whatever Facebook Microsoft and move and it started moving money into the gold mining sector very interesting let’s talk about debt let’s talk about debt because when the debt bubbles pop guys and we’ve got a debt bubble people are going to be rushing for silver and go

When people realize that governments businesses corporate right corporate bankruptcies government sovereign debt crisis and households can’t pay their bills they’re going to be looking for somewhere to go and who they going to call who they going to call they’re not going to call Ghostbusters no they’re

Going to call pin Becks they’re going to call their local coin shop they’re going to be looking for silver and gold and we know what happened just one year ago right now when we had a little banking crisis right people went nuts and you couldn’t get silver and there were six

Weeks waiting periods if you bought it online we know that happened you know what I think I have this chart I don’t know why yeah here right let’s remember there’s a chart showing the level of bank failures that was the great financial crisis see how many banks

Guess what last year outdid it and guess what the the the the rescue program the uh the bailout program we’ll call it what it is right we’re not going to sugarcoat it that the fed and the treasury came up with the bank term funding program that that create that

That that stopped this from getting worse well they’re taking that away from the banks on March 11 so it’s going to be very interesting now as we head into the summer to see how that all plays out but but critical to remember right I’ve heard a lot heard this said many

Different ways now when this debt bubble right when it really when people get spooked and the debt Market is multiple times bigger than the stock market throughout the world this is a worldwide situation when people get spooked and they start to think I might not get paid

Back on my debt right they’re going to go to silver and gold and let’s just take a quick look at this my friend Sean right that shows debt to GDP of the developed Nations I mean we’ve got debt to GDP over 100% in the united here

Let’s go through the list what do you say the United Kingdom Belgium Canada Spain Portugal France the United States of America 123% % debt to GDP the G7 average of the G7 the big and Western uh countries 123 I’m sorry 128% Italy 144% Singapore 168% Greece

168% in Japan Takes the Cake number one with a debt to GDP ratio of 200 and 55% that’s the line at the top of that page do we have a debt problem yes when the debt problem comes to fruition are people going to run to Silver and Gold

Yes are people really going to run to Silver I think even more so yes yes yes we had a great demonstration of that like we just talked about last year during the banking crisis okay um let’s talk about some bad news briefly briefly we’ll talk about two two two

Pieces of bad news uh the the the the gold mining stocks are so far down we are at historic lows okay the ratio that compares gold mining stocks to Gold okay is at 0.1 it’s the called the Huey to Gold index the only negative we could

See that’s got to be resolved one way or the other if you take a look at this that’s a long-term chart of it we are right here where the star is at 0.1 as you can see that is historically low one of two things has got to happen either

Gold mining stocks have got to go up okay that will resolve that that ratio or the price of gold could go down but do you feel like gold can go down do you feel like we’re going to go below 2,000 on gold again and stay there let me know

What you think I want to get an idea okay I tell you what if you think that that that we’re going to be above 2,000 from now on that maybe we’ll never see a gold price starting with a one until we get to 10,000 uh type 2,000 oh no you know what type

Above I’m typing above I think we’re up above do what do you think I want to see what you think do you think good morning Jim McDon good to see you my friend do you think we’re above 2,000 now for good or do you think we’ll be below do you

Think we’ll be below we’ll spend some time below if you do type Below in the chat so we can get snake bite above Wes above Shannon above mostly above morning everyone Donald Robinson says above all right above then go back up okay yep Annie Oakley unfortunately yes hey Cliff

Good to see you my friend Dr Jackal above all right let’s talk about more bad news let’s talk about this debt this is some stunning information crazy uh uh Peter St an st an said put this together and but it comes from the New York Federal Reserve recent data says

American households is this you American household debt Ra was went up by $212 billion in the fourth quarter of last year to a record 17 these are households remember we have government debt corporate debt and household debt okay re Rec household debt 17.5 trillion or about $140,000 of debt on average per

Household in the United States that’s up by over $3 trillion since the pandemic okay federal debt this is crazy I didn’t realize this and check me on this if I’m wrong but federal debt our government debt is up $10 trillion in the last four years is

That crazy or what we think 34 trillion is crazy we added 10 trillion in just the last four years it’s unbelievable we have mortgage mortgage total nor mortgage uh bet debt now is $1 trillion and we have 1.6 trillion in debt each on car loans and student loans all right

1.1 trillion in credit card debt that’s the highest ever and remember those are super high rates if you’re carrying a credit card balance you’re probably paying 25% interest it’s insane $6,000 per household but the default rates this is the scary part the default rates are starting to Skyrocket car loans are the

First place where we’re seeing default rates cars getting repossessed starting to go up people that that bought these overpriced cars during the pandemic can’t afford a $1,000 car car payment while at the same time trying to put food on the table for their family are getting their cars repossessed what’s

That oh Susie just yelled at me we got 100 thumbs up hey thank you guys for the thumbs up I’m G to ring the bell hopefully you could hear that 100 times as a sign of our love for each other I feel corny saying love but you

Know what it’s okay for us to love each other be there for each other right we’re basement dwellers we get together we love to talk about this stuff gold and silver and it’s a it’s a a a mess out there cars credit card delinquencies are on the rise and what’s interesting

Is that the younger people the younger generation right they’re the ones who have the highest default the people are engaging if you heard of this it’s called Doom spending like I don’t care anymore I give up I’m just going to go spend all my money I’m going to go rack

Up my credit card that’ss like Doom spending maybe that explains when I was at the greatwolf lodge with Susie and the girls earlier in the week their place was sold out maybe those people were Doom spending some of them look like they were in Doom world that’s for

Sure but nonetheless what are people doing what happened to this idea that you only borrowed money if you needed to right our certainly our government forgot about that and what about and I’m just going to rant for one minute right what about this idea that our government how about our government thinks about

And starts talking about and taking actions to actually pay the national debt off right don’t you borrow money with the idea that you’re going to pay it off instead of this well we’ll just borrow all we want we’ll borrow it till what why not why not why are we not

Hearing about this foreign concept that you actually pay your debts off you know I don’t know what do you think about that do you think the United States should be focused on paying their debts off I do you know if you do type yes

I’ll type yes I mean what the heck if I ever borrow money from you or from anybody a bank anyone like the first thing on my mind is how am I going to pay this back I hate that you know that but nonetheless what’s going on it’s there’s just like this culture that’s

Developing now like you don’t have to really pay it back hey maybe you know take out some student loans maybe someday the president will just magically forgive them and don’t forget this makes me very angry those student loans that are being forgiven they’re not being forgiven they’re just being transferred from the

Person that borrowed the money to the American taxpayer you and me are picking up the tab okay there’s no other way around that there’s no magic voodoo like oh we’ll just forget about it no you and I are the ones picking up the tab for that so um let’s talk about

Silver because I want I want to get the Tonka truck up again but I won’t silver is very interesting um silver is coiling for a big big move okay I was looking at the cup and handle there’s a cup and handle on the silver chart that goes

Back decades and decades and it starts at 50 hits 50 again and now we’re starting on our way up we got a lot more to go but when we get above 50 again in silver it’s going to be Off to the Races uh Andrew maggu fire was saying there’s

There’s a very interesting situation developing in the silver market and the only place I’m here in this talked about is with Andrew Maguire maybe because he has such an in-depth knowledge of the mechanics of how the markets work in particular the gold and silver markets but it’s super interesting to realize

There’s a bigger Market out there than just me and you at our local coin shop or buying bullion online we tend to focus in on that right the bigger part of the market is the wholesale market and there are some crazy developments apparently going on in the wholesale

Silver market a demand in the wholesale Market is through the roof it’s been building over the last few weeks and is now at almost what they’re calling unprecedented levels um the manipulator Traders this is the interesting part haven’t caught on to it yet but apparently it has something to do with

India basically saying we’ll buy all the wholesale silver that you can sell us at this current spot price and people are scrambling in the wholesale markets to find the silver to fill these orders right we don’t see that now on a retail you know um local coin shop level

Right with with britania like I got from pinck the other day or if you run to your local coin shop today and buy some American silver eagles or whatever there’s a surplus right now kind of the opposite has happened in the retail Market but apparently on the wholesale

Market and guys I would argue like to us the retail Market’s important right but in the end when it comes to the big picture for silver the wholesale Market is actually much much more important that’s where massive uh demand growth is occurring right now now on top of that

Just so we can feel warm and fuzzy which is always a top priority for us when we come to the basement we are sitting around the campfire at Silver and Gold Camp right now right having our conversation on top of this crazy wholesale demand think about what’ll

Happen I mean think about what happened just a year ago last time I’ll bring it up today right when we had a little crisis in the and the retail demand for silver exploded right if we’ve got a wholesale demand explosion and we get right now it’s horrible on a scale of 1

To 10 right the people I’m talking to on the on the retail investment side of silver are saying we like like a two okay it’s not good but if we go from just two to five or two to four right improve a little bit in terms of

Sentiment and interest in the retail uh silver investment sector and couple that with what is already incredible some people are saying unprecedented demand at the whol sale level while at the same time we know that the inventories at the comx and the lbma have pretty much been

Depleted right I mean they’re what last I checked the comx had like 42 million ounces of silver in their registered category if all those things come together that’s when we could see the the compression of that silver to gold ratio from 90 to 50 right and if we get $2500

Gold right and we get a $50 silver to gold ratio um if my math is correct we get Sil $50 silver right yeah 50 50 time 50 is 2500 so let’s keep the big picture in mind here while we look at the there’s multiple Dynamics right we’re trying to put together an

Impossible puzzle but we’re looking at all the hints all the ideas that are being given to us right crazy wholesale demand for silver number one right horrible demand from retail investors all right but but it can’t get much worse okay it can but most likely retail demand for silver will get better

Especially as we’re heading into this year with all this craziness that’s uh unfolding around us in the United States domestically but in the whole in the world as a whole as well okay you and then you continue to look at the fact that there’s fewer ounces of silver

Being pulled out of the ground by the mining companies yes I talk to the CEOs yes nobody’s investing any money into silver mining very little I mean somebody who wins the Powerball drawing could basically buy the whole silver mining sector there’s so little money going into it as we look at all

These pictures moving together these factors moving together right we try to try to develop a thesis based upon that it’s not perfect nobody can I can’t predict the future you can’t predict the future but when we look at all the P all the pieces moving together there’s a lot of factors that

Could become very supportive for much higher silver prices okay much much higher silver prices because you know so I won’t play with it for a week but if the gold price goes up to 2500 right and the in the in the silver to gold this elastic band which is the silver to gold

Ratio right gets keeps stretched at 90 and the silver to gold ratio then starts to compress up to 50 right that’s how we get right that’s how let’s turn them on that’s how we get $50 silver I promise I won’t play with my toy trucks anymore till the next live stream okay

Uh European refiners are sold out of silver Supply again this is according to Andrew Maguire you can watch them On Live From the Vault the guy knows more about the markets than anybody in my opinion well Vince lanche gives him a run for his money that’s for sure and

Maybe Chris Marcus and a couple of other people anyway Indian demand for for silver at spot prices is massive let’s not forget what was it 2022 when the when the Indian uh the country of India imported like 320 million ounces of silver like 39% of the entire years’s mining production of

Silver so this can happen guys okay what’s going to happen this is from Janice Janice sent me an email and she said Ron she sounded concerned she was worried she said what’s going to happen when silver hits $50 in my coin shop what are we are we

Going to be able to cash out well don’t cash out everything now don’t I’m not giving Financial advice I’m going to answer this question she’s worried about the coin shops closing down and not buying silver at $50 we’re going to get to that but first we want to say thank

You Channel sponsor Fortuna Silver they silver and gold minor with with five operating Minds I believe they have one of the stronger balance sheets in the industry they positioned themselves to be able to weather any precious metals Market but really Harvest big gains when we have big gains in the price of silver

And gold you can learn more about them at fortunas silver.com first mining gold Canadian gold developer two not one two 5 million ounce development projects in Canada and they have either ownership or a interest in four other projects in Canada but those two projects spring pole and Ontario two Park and Quebec

Each have at least 5 million ounces of gold in the ground they’re moving through the exciting development phase right now so they’ll be Catalyst Rich over the next couple years look the reality is the big mining companies have not invested into their pipeline right the number of reserves that the big gold

Mining companies and it’s true for silver mining companies too their reserves have gone down there’s going to be a point where these big companies aren’t going to be able to produce as much silver and gold it’s a depleting business that will be good for the silver price and the gold price right

But it’ll also be good for companies like first mining gold that have projects that are moving through the permitting phase that could be ready to go and fill that void that these big mining companies will need to fill but again that’s one of the critical key

Components that we like to talk about in regards to really the silver price we we focus on that I mean these mining companies their pipelines are running dry you know there just isn’t a lot of silver out there uh the fundamentals are in place thank you Craig Edmonds thank

You for that Super Chat my friend thank you Craig the fundamentals are definitely in place now Janice is worried that if silver goes to $50 per ounce she’s not going to be able to sell any of her silver first thing I would say is don’t sell all your silver if you’re going to

Sell you know I I you do whatever you want but I would say maybe sell a third sell a half right because if you do an All or Nothing type thing you’re really taking a big risk right if you sell half and hope the price continues upward so

The half you kept continues to go up in value right which a lot of us silver stackers believe it will but she’s concerned that you won’t even be able to get rid of your silver if the price gets to $50 I would argue and I don’t mean this

In an argumentative way but I would argue that yes you will because if if and when silver gets to $50 it’s going to be because Market forces broke the paper Market broke the electronic Market the comx and the lbma the demand for silver overwhelmed the market so that

Same demand that drove the price to 50 to 40 to 35 to 60 the only thing that’s going to drive the price is demand so I would argue that you’ll easily still be able to sell your silver at that level that they they’ll be you know if silver

Gets to $50 it’d be like when gold blasted off a few times in the past and you start getting those flyers in the mail we’ll buy your junk gold we’ll buy your you’ll see flyers in your mailbox telling you um thank you Neil hey thank

You NE NE for the Super Chat Super Chat Neil you’ll get flyers in your mailbox saying bring us Grandma silverware we want your silver they will be clamoring to buy silver so it might actually I understand the concern and I don’t have a crystal ball right but the only thing

That’s going to get us to $50 silver is going to be the demand and that demand is still going to be there is still going to be there at $50 silver right it may go to $60 silver it may who knows right we’ve talked about this how high

It can go so you know the other thing to think about also like we talked about earlier this wholesale demand for silver now if the price goes to 50 and the wholesalers are scrambling they’ll be buying they’ll be buying the silver at a big premium in melting it down right

They’ll be buying all your silver rounds all your 10 oun bars and melting it down to make it into 5,000 ounce bars to satisfy the wholesale demand picture Okay so that’s what I see coming guys we’ve got a really a lot to be happy about with this gold price 14 weeks above

$2,000 right I think we closed the spot price on Friday what 2030 2040 remember right gold leads silver I’m not going to pull up the Tonka truck for you again but we need to remember that okay and that there are so many Great accomplishments that have been

Made with the gold price right not just the 14 weeks but the November the first monthly close above $2,000 um and the fact that the cup and handle pattern I’m not going to say it’s broken out yet but it sure looks like it’s itching to break out and if we get we

Get you know look who was it just the other day some big big name was it City I think it was City said that that we we could see $3,000 gold within the next 18 months where do you think silver is going to be if we get to $3,000 gold

Right because you know what if we get to $3,000 gold people are going to be clamoring for gold but then they’re going to look at Silver and be like you know maybe silver initially only rallies to 30 or $35 per ounce but they’re going

To look and say I can buy 100 ounces of silver for the same price price I can buy gold silver is going to catch up it’s going to be that elastic band Contracting and it can overperform and maybe that’s when like Janice said right maybe that is when you want to consider

Getting rid of some of your silver if you’re a person I buy it as a generational investment okay I buy whatever I ever use to put silver I get it I take it offsite store it off site and save it as a generational investment my kids my grandkids you know say I’ll

Tell you a story yesterday was my daughter’s birthday they turned 12 and uh sassy silver gave them a nice cucur coins very nice thank you sassy silver for doing that they love them uh but I also got this little shipment in the mail from uh pinck the Char King

Charles uh britania that I bought and I felt guilty of feeling guilty I’m like it’s my daughter’s birthday and I’m getting this package in the mail and I thought you know what this is actually a gift for them that they don’t realize because I Envision this as something that

They’re going to get someday and I know I know that those silver Britannia coins with King Charles on them because they’ll be very rare uh and that’s just a maybe just the silver alone is going to be valuable I thought I really am giving them a big gift today a big gift

But they don’t necessarily realize it right they’re 12 years old to them a big gift is a new case for their iPhone or um you know whatever you know how kids are so U anyhow thank you for being here guys thank you for your support being

Part of the basement you guys are always so so awesome um we couldn’t ask for more please give this a thumbs up subscribe to the channel and I’ll see you soon thank you