internationally the dollar has been a safe haven for people but so has gold and there's safe havens that ultimately compete against each other right and if we look at which is the better safe haven out of the two Ron all you have to do is look at the gold price in the US dollar over the last you know 40 50 years or ever since the US went off of the gold standard when they say the proof is in the pudding that's where it is yeah yeah that's a mic drop right hey everybody Welcome to a very special


episode of bald guy money and why is it special because today I have a special guest I have Ron from Ron's basement on the show I'd like to welcome Ron and if I can just say a word about Chiron before I I give the mic over to you I see you as the beating pulse of precious metals news and to be honest if I'm ever curious about you know what's the latest story going on you know what are the latest developments I know I can count on you to come through with the information so I just want to say welcome to the


program and thanks for coming on wow well it's my honor to be here bald guy and uh uh you know I think the very highly of you as well I know your audience who's watching now uh thinks uh very highly of you I consume your content on a regular basis and and learn and you and I were talking about that before we came on that you know that's how we learn is from each other and I think you and I uh kind of cover precious metals but do it with our own unique nuances so it's a real pleasure


uh and honor to be with you and your audience today well fantastic I've prepared a few questions for you since you come on because you know as you mentioned uh our channels are a little bit different and I think that in order to give a really good idea of what's coming moving forward mixing both some of my insights and your insights it would be good to tackle a couple questions that I think are really important for all gold and silver stackers to have as top of mind right now and the first question I want to ask


you is someone who's really so in tune with what's going on in the world of precious metals news is of 2023 Ron I'm very curious what you think so far has been the most shocking news story that will continue to shape the landscape of precious metals moving forward and that that's a tough question for me to answer I think yesterday uh I would have said the the banking crisis that occurred in the March April time frame and then we got the news yesterday regarding the bricks uh more than


doubling their size here at the beginning of 2024 but I'll back up to the banking crisis and I think that that is so critical uh because it exposed the fragility of the of the U.S financial system and it uh elicited quite a uh I mean there's so many parts about it that are fascinating to me first Jerome Powell uh on a Wednesday was testifying to Congress that everything was Dandy everything looked good in the U.S economy that was on Wednesday and then three days later we had this emergency


uh banking crisis where we had three of the four largest banks in the United States uh that failed uh when you combine those Banks and again if I have all this info correct those the the com the combined size of those Banks was actually bigger than all the banks that went uh with that went under during the great financial crisis so to me that was a it was a crisis it was somewhat papered over you know we had emergency meetings between prop Powell Jerome Powell and Janet Yellen over the weekend but I think what that shows is the


fragility of the system and you know you and I talked about this a little bit earlier you know there's so much debt in the United States there's massive deficits there's there's decades now of what I would call I like to refer to it as you know monetary Mirage money Printing and that it that the system has grown uh very sensitive and very fragile and and so why that banking crisis to me uh was probably the biggest story is because number one how quickly the fed and the treasury uh responded to it but


secondly um that that that that we can expect you know is the system has grown more sensitive and fragile that we can expect these crisis to crop up on a more frequent basis I mean it's almost maybe not the best analogy but it's like as a human gets older you know I'm 53 I imagine if I'm fortunate enough to live to be 83 I'm going to be much more sensitive and fragile and and more uh reactive to uh to issues that come up and that's what the U.S uh situation both monetarily and fiscally feels like


to me but what's important from a silver and gold perspective is when I look at that uh at that that that crisis that occurred in March April how did silver react how did gold react we saw uh in particular with silver a rather rapid price increase but you couldn't get silver uh the online bullion dealers are all reporting record sales my local coin shop which is a a big operation you know they had nothing I went in and you know everything the case was empty the shelves were empty and they were telling


me three to four weeks before I could get anything so so from a perspective of the fragility of the system and what we have to expect and how the precious metals reacted I think that's a kind of a you know Andy scheckman likes to say you know you look at the crumbs you look at the evidence and to me that's evidence that in the future the FED will react more quickly and from a precious metals investors perspective that that the metals can can fare well during times of uh of difficulty yeah if I can just jump in there I want


to Echo some of the things you're saying because I actually prepared a couple charts I just want to share them with you really quick if you don't mind so if we take a look at these charts here and I think what you're saying is Right Ron and I and I agree with you that the biggest story in Precious Metals is probably linked to banking but also Loosely linked to the US dollar because the problems themselves haven't changed fundamentally we're having issues with our ability to manage


both the monetary and financial system and marrying these ideas with any kind of responsibility and what I specifically want to point out to my viewers here is we're taking a look right now at the fed's balance sheet and the Fed was supposed to over the last more than a year now be decreasing this balance sheet by 95 billion dollars a month well as you can see here in the numbers they haven't achieved that Target yet they're not even really close to it at the same time you have the federal


government who's just given themselves in the United States a blank check to spend as much as they want spending that money and what's happening as a result is it's increasing the M2 money supply as you can see here which in a fight against inflation is the exact opposite of what you want to do considering the fact that inflation is very much a function of the M2 money supply now you mentioned bricks and I mean you know Ron that I'm located in the Middle East and from my point of view why I'm


not blowing the story out of proportion is because as of at least today it's an invitation to join right from January 1st and I have to say that I'm waiting still for the RSVP to be sent by these countries before we say okay that they're in because from my point of view especially if you're looking at a country like Saudi Arabia who has been a very loyal Ally of the United States for many years now I think this is their way of publicly expressing dissatisfaction with the current Administration


and I wouldn't be surprised if they tried to buy their themselves a little bit more time until January 1st before really officially signing up in order to see how things are going to shake down politically in the United States considering how well the Kingdom of Saudi Arabia got along with the Trump Administration so that's just a little geopolitical point of view and why I really think the US dollar is the story because as of today and I'll share just one more chart if I may yeah this is the


the Dixie chart as it stands right now over the last 15 years and as you can all see here the dollar versus or I should say relative to other foreign currencies is still very strong right now and what we know about the price of gold and the price of silver is that is very tightly linked to the Dixie index to the dollar strength index and as the dollar starts to correct whether the bricks is able to pull off a new currency or whether they'll start settling more international trade in the Indian rupee as it looks like something


that they might want to start doing the dollar will weaken which absolutely means there is upward price movement built in right now to gold and silver as a result of the overvalued dollar over the last 15 years since it is over performing still versus where it should be and where I expect it to be in the next two to three years yeah and there's and there's so much to talk about in regards to that you know this inverse relationship between precious metals and the US dollar uh and and this idea and I'd like to get your


perspective on this you know when we look at the Dixie that's comparing the dollar primarily as I understand it to the euro and the Yen and and I'm sure you've heard this analogy but you know it's like the uh the best horse in the glue factory that even as we um you know if I use my hands as an example you know oh the Dollar's strong the Dollar's weak but you're comparing it to other currencies that are also quite sick from from uh you know there's so many analogies the best patient and


the hospice Ward or you know one that I like to use is like a seesaw do you have seesaws in the Middle East you know yeah of course all over the world but you have a seesaw on one side you have the dollar and on the other side you have the Euro but the the fulcrum the center point of that which would be the the base of that is built on quicksand and it's sinking right because it you know sure you can compare these these two currencies so so even under uh if I can convey this verbally the best


of circumstances uh where the dollar goes down relative it at the same time they're they're all going down does that does that make sense um and the other thing I want to throw go ahead but no well I just want to say that internationally the dollar has been a safe haven for people yeah but so has gold and there's safe havens that ultimately compete against each other right and if we look at which is the better safe haven out of the two run all you have to do is look at the gold price in the US dollar over the last you


know 40 50 years or ever since the US went off of the gold standard when they say the proof is in the pudding that's where it is yeah yeah that's a mic drop right exactly drop the drop the mic and I could even throw in and we're jumping all over the place but this idea you know I've I've put forth the idea I wouldn't say I would argue this but has the world really ever gone off the gold standard I mean you could say you know Nixon temporarily took us off but you know and I know we have extras pyramid


and but it has the world because I agree with you right the dollar ultimately does compete with with gold and um you know I'll take four whatever four or five thousand years of History uh over the last 50 years you know any day I'm with you 100 percent I got another question for you jumping into the next one okay go ahead okay let me throw on one more thing just the the circle bags I think this is a key Point I've heard two people say this in the last week uh Danielle was it Daniela d d


Martino Booth who used to work I like her I I like her as well and there's another guy that's not as well known Michael Gentilly who's a Canadian super smart guy and and and he comes speaks about once a month and he runs an investment firm up I think in Montreal but anyway they both pointed this out and I think it's so critical that when we when we go back to the fiscal condition of the United States 34 trillion in debt 1.4 trillion deficit uh and then on top of that facing this


Rising interest rate environment that what we're doing right now in the United States is uh is like wartime type deficits right that we are we are the the the amount of money that's being borrowed that that what we're doing is what usually is done during times of crisis and that we we haven't even hit the crime we haven't even hit a recession like what's going to happen if and when we do hit a recession like we've already we're already spending like drunken Sailors now what's going to happen and I


think that's a key thing to remember in regards to what you said I think the biggest story of the year is like when we hit a crisis you know we're already blowing blowing the the lid off things that it could get much more extreme in terms of monetary policy and the crisis the crises keep getting bigger on because the solution that they have which is a single solution every time it's we need to stimulate the economy and by stimulate the economy they mean they they print money right so right if


the solution itself doesn't change the solution is the poison that's really causing the problem at the end of the day and if they're not willing to swap the poison for medicine then we're not going to we're not going to make any progress on any of these issues no no no I mean it's interesting let me throw this and I watched a a news bit this morning about the Republican presidential debate which was Wednesday night here in the United States and they listed how much time was spent on each


Topic in the 10th topic the bottom topic was government spending and it was like a fraction of the time that was spent on all you know so I I don't I don't anticipate that that we're gonna you know get any major reform here anytime soon it's so typical so considering all of that macro backdrop what I want to ask you is that you know when I think of you gold and silver guy but I'm really curious Ron today as of right now what metal is it that you're actually stacking more of


and I'm kind of curious why right now I stack sober actually uh that's all yeah silver and uh I do not own any physical gold I own a significant uh actually multiples more uh gold mining stocks so I have a uh uh I guess a hybrid approach if that's the correct way to describe it that I'm a silver stacker and then I invest um you know heavily into gold mining stocks well I've recently been making a pivot myself into some gold mining stocks as well and I see big opportunity there because much


like energy was under invested in I would say 2020 2021 I think we have a major under investment as well in mining right now that I think people are going to wake up in about a year or two and realize oh boy we're in a big big problem and there's going to be a lot of money rushing in there at one time and I could see a really big upside on that as well so that's interesting uh I've got a little bit of silver with me today but I gotta say you know for my I I try to strike a a balance between gold and silver you


know physical as well as like I mentioned pivoting a little into the mining stocks but and we discussed it a little bit on on your channel uh but I'd like to know Ron the number one reason why what attracts you to Silver so much is it the upside is it the history is it the look of it I'm really curious what well I can't I can't I can't I'm I'm sorry I'm sorry Paul guy I I uh I can't just give you one answer I think it's beautiful number one uh I do have an


issue with being very frugal and resourceful and every time that I've looked at uh buying gold versus silver I always go back to Silver because I think that it's a better value now don't get me wrong I love gold and if I could uh if I could trade you know all my silver coins and for gold obviously I'd do it you know in a second but from a value perspective um I think that right now physical silver represents um a great opportunity would you give us a price Target on Silver yeah I think that you know


um I'm all over the place as people that that like to look at my thumbnails will tell you for my YouTube videos you know I I could see silver let's say um oh nine months from now pushing up into the mid 40s um I really could yeah I could uh um I think you know do I think what I I wouldn't bet the farm on it uh necessarily but I think that basement at the basement yeah right yeah exactly you know what I like about let me throw this in what I like about silver and gold for this this applies to gold and


platinum for that matter as well is the fact that and you and I you you came up with this great analogy when we were talking earlier that that you know this this Kruger ant that I have I can think of it like a battery right it's a storage of value and and what I can feel in my bones when I think about silver uh is that I just can't imagine a scenario ball Guy where the value the real value not nominal but the real value of silver goes down I just you know I'm sure the price is going to fluctuate but over a


long term when I think about my life when I think about my kids and what I want to leave my kids and I think about silver I I just get this this um you know gut feeling however you want to say it that it's a smart way to store value and there's a bonus and that is that I I do believe and I know Rafi Farber talks about you know maybe a short window of opportunity where you could buy a house for 100 ounces of silver I mean but I do think there's a chance and I'm not I'm not telling


people they're gonna get rich on Silver but there's a chance where we could see a period of time where the relative value of silver really does Skyrocket that that you know worst case scenario I feel comfortable that I'm going to be able to maintain my Value Store my wealth but that there's a and I would say good chance decent chance that it could provide some real a real wealth building opportunity where where you know the opportunity could come up to be able to convert and we used we used the


word convert not buy or sell when we talk about silver and gold here in Ron's basement well you could convert some silver into other real assets other real productive assets and I've heard you talk about this you know real estate or you know oil leases or whatever the case may be so that's that's why I love silver long answer to your short question no it's a good answer because I'm with you 100 and I've done a lot of the calculations to show specifically with the real estate example you've


mentioned how that is possible and how history shows us that is possible again it doesn't mean one ounce is going to you know be worth ten thousand dollars in in real terms today but definitely big upside opportunity and we definitely agree on that before I let you go Ron I want to ask you since we've covered some of the top stories here in silver what is the Catalyst in your opinion the main catalyst that is going to drive the price of silver up over the next let's call it two to three


years uh the the devaluation of the U.S dollar I think we're going to have to see that and uh when I look at you know it's it's very complicated as you know there's so many moving pieces but when I when I try to uh or when I do look at the the forest through the trees you know when I put it all together um uh it it it it becomes apparent to me that there's a very high likelihood that uh in either nominal or real terms that the dollar will continue to uh uh to be to be diluted by you know there's you've


said it earlier you know that's their only option uh it's their only solution is to is to dilute the currency and uh so I'm confident in that that will happen and let me throw this in if we just look back over the last 50 years they've done a really good job of of of diluting the value of the US dollar I mean once Nixon took us off the gold standard and that was during the best of times right that was generally from 1970 through let's say 2020 the United States enjoyed this hegemony power that was the


best of times that was you know good times the Petro all these things were going on and despite that it was such a great period of time we saw rapid uh depreciation in the value of the dollar so what's going to happen if the bricks uh you know continue to to develop what's going to happen if the fiscal situation continues to deteriorate I just um you know I I don't see a I'm not saying that where the dollar is going to be gone you know anytime soon but I I'm confident that relative to silver and


gold in real terms that the dollar will go down in value and that the the precious metals will continue with a upward trajectory well that's uh that's a really great Insight Ron I really appreciate you sharing that and coming on the Channel everybody out there who's watching this right now remember you can go and see Ron at Ron's basement I highly recommend you check him out as I said if you want to stay on top of all the latest news stories all the price targets that analysts are also setting


because Ron covers all those price targets you see those prices on the thumbnail they're not always Ron's prices he's also reporting the news on what some expert analysts out there are talking about and maybe also some of the more optimistic analysts as well but it's important that you stay up to date on all that so please do me a favor and check out Ron's basement if you haven't seen the channel yet it's really worth your time Ron thank you so much for coming on bald guy money


well thank you ball guy it's been an honor to be here and uh I'm hoping that I get to spend some more time with you in the future we'd love to have you on again in the future Ron I think it would be fantastic to do it you know maybe every month or two just you know kind of share our ideas share a little bit of the analysis I've been doing I'd love to get your input on what you're seeing from the news cycle and you know kind of put that together and share that with everybody both on my channel and your


Channel sounds like a plan bald guy thank you thanks Ron have a great great morning it's almost night time here