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The Real Money Show
Gold Reaches Escape Velocity
Welcome to the real money show, the number one eight seven seven eight silver and the website guildhallwealth.com. My name is Jeremy Wiseman I'm joined by Jerry Correa Jerry missed you last week. I'm back good to have you back. Thank you And what a week what a week to come back to It's been it's been absolutely crazy. So this week We want to of course address the Federal Reserve rate cut because we we got our pivot I think I think we can do a little victory lap on that one the pivot dance We got our pivot, but we also got something we reached escape velocity on Gold and we want to talk about that. What is escape velocity? We'll also get into What the rate cuts mean? Is it good? Is it bad for markets? What does it mean for the gold and silver market a little later in the show? What happens if there is a massive collapse is gold the only? investment you need we'll talk about that later on the show and of course we've got some people calling for or entities calling for a major bull cycle We want to talk about that later in the show but first if you want to get involved in physical gold and silver the number one eight seven seven eight Silver the website guildhallwealth.com our east door is up. It is working It is really good prices. You can set alerts for trying to get lower prices in the market if you can and You go to Guildhall precious metals for that if you want to own physical gold and silver in a registered account Fully allocated fully segregated you own it No counterparty risk Ease of liquidity you go to the website guildhallwealth.com and you can learn about that Jerry this week Gold hit as we're recording the show here on Friday gold's hit 26 22 We're reminiscing about the days when gold was $2,000 an ounce back in January Silver hit 31 25 What did Jamaica the week just in in terms of movement in the price? Definitely thought that this was going to be the case now Quite muddled this morning as on the back of some news from Bank of Japan. They didn't hike as as expected So we we did get the move up in silver and gold. I think there's a lot more headwinds I'm more much more tailwinds for precious metal to push and thrust this this market over I believe could be the $2,700 mark very soon very rapidly in gold and as we know mr Silver follows follows suit and loves to outperform gold especially in these times and we're seeing the outperformance right now Silver is up about 30% on the year and gold's up about 25% That's the type of gains that are clients that are silver and gold family are enjoying right now in the markets And certainly at this point in time, that's definitely beating inflation long-term. It has been beating inflation as well you know, I found myself as you know listened to a lot of different podcasts and I was listening to one on sore financial with Michael Oliver and I realized halfway through That it it was actually from a few weeks ago. Okay, because as soon as I hear Michael Oliver I'm like, oh great. Let's let's let's tune into that and it was very interesting because he first of all He called the 50 base point cut from the Fed He predicted it. He basically said that there were underlying Economic vulnerabilities and he saw that the Fed would move Would move in a response to the growing economic weakness rather than strength and then he basically Highlighted broader concerns about financial stability. So I thought that was really interesting Just the fact that he completely nailed 50 basis point cut he said listen this market is not as good as you think it is and You know, it did make you question the credibility of the Fed because he talked about in in the sort of aftermath of a rate drop the stock market's gonna go up What a time for the stock market to go up during an election, right? Yeah And of course, I don't know if I didn't look I got to be honest with with our audience I don't listen to his talking afterwards because I don't care what he has to say about it He's gonna say well, we're data dependent blah blah blah, but the fact what we're looking at their actions not their words You don't cut unless you're worried. That's right and that's exactly what we're seeing You know, I was watching Bloomberg news that about seven minutes before the rate cut happened and the round table of expert pundits were all Group together all saying we are all in the 25 basis point camp Because the Federal Reserve and all of its members Never mentioned 50 never mentioned 75 like like the Democratic senators They all wanted and spoke about 25 basis points. That was what it was expected But we saw the 50 point cut that signifies that is a signal that there is tremendous weakness and we can't ignore The the data that came out just prior how many job revisions we saw in the US So we talked about it on the show at length and and not to mention all of the other metrics That's that skewed in their favor to help these speeches to give them some sort of credibility the Jay Powell credibility when he jumps on the stage Now it's totally shot. He was bantering back and forth in that meeting that we don't listen to but he was going back and forth You are I wasn't not really okay. Not really, but he was trying to Say that things were very good but things are not very good if you're doing an emergency 50 point cut that the Outsiders of the Federal Reserve called for and he listened to the outsiders So a 50 point cut we're getting and it and there's a series of cuts coming up look when you cut rates You're gonna give a boost money gets cheap again You're gonna see a boost of economic activity, but There is no doubt you are throwing in the towel on inflation. This is the pivot. This is the pivot You're throwing the towel in on inflation. You're saying we want growth over protecting against inflation It's quite hypocritical at the end of the day when they're the ones who are saying we have to fight inflation We have to fight inflation, you know, I agree with Peter Schiff I think the fact that they did this is gonna make 2024 look like the good old days You know when inflation was only in the low double digits with what could happen when with the lowering of the rates here now There's no doubt it has sent gold and silver higher That there is an underlying element that understands how this works and people are saying. Oh, so we're back to inflation I need to protect myself and you see gold and silver catching quite a bit now Andrew Addison in Barons, I believe talks about this idea of gold reaching escape velocity Can you tell us about this term escape velocity because apparently we've we've reached it very good article written by yep Barons Andrew Addison this week and it came out on the market watch Dow Jones piece He he wrote that he turned bullish on gold back in 2022 when gold hit 1680 Now we're seeing a cyclical advance starting in the last year gold broke through the 13 year resistance at 2100 back in March and The daily charts are showing some amazing moves on the top side for gold one specifically Two bull flags with quick advances followed by sideways movements. He points out and the monthly chart highlights This 13 year base with weakening selling pressure so much more thrust momentum now in in the in the gold space now and he he marks this bull flag formation with quick quick advance quick advance movements Before finally breaking forward and breaking out of this resistance and he calls this peak The escape velocity. It's reached escape velocity in financial markets escape velocity refers to the point at which an asset like a like like gold or silver breaks through a significant resistance level and Begins to rise rapidly without being held back by previous barriers It's a metaphor borrowed from physics where escape velocity is a speed needed for an object to break free free from a planet's gravitational pull So his call is $3,000 gold because of this escape velocity that cuts Cut that string of resistance for gold and silver you cut it you let gold loose and once gold breaks above that $3,000 mark this leaps and bounds because how many times this week has gold or this the past few months has gold broken all-time highs Double digits, you know and and it's losing its punch But once the silver starts to break higher and starts to break all-time highs You're just gonna see excitement over and over again in the market the number one eight seven seven eight silver the website guildhall wealth calm Is that similar to? Leading the cup and handle this is it like the escape velocity means that after you finally overcame that long-standing resistance of 2,100 gold you know this was not too long ago gold has the momentum to rise Significantly higher without facing facing the same level of selling pressure or even pullbacks that it had keep kept Its price and check before now once this point is reached in which we have reached This this market will experience some sharp upward movements And it will potentially lead to the upward movement in the trajectory for you know Gratty's cup and handle it looks amazing the chart is perfect and it does lead gold into the $20,000 mark So, you know get positioned get your gold position in your portfolios whether it be a TFSA great place for silver or RSPs you want to roll out and get into the metals market you haven't missed the boat But definitely definitely ready to ready for a great ride upwards. Yeah, you know We've definitely gotten a big boost from the Federal Reserve here. It's it's good for gold and silver Could be bad for the economy. It's something that we want to talk about in the next segment is lowering rates good or bad We want to look at the reality check on that scenario But in the meantime, you know look Michael Oliver nailed that call He also saw that we are in a velocity move as well Jerry in the gold and silver market He believes gold could easily go to $8,000 over the next few years And when you start to think about the gold silver ratio it starts to look really really good for silver We're talking a hundred getting above 50 obviously and moving into hundreds range Which is incredible opportunity for a lot of people something for you to definitely consider looking into If you want to own physical gold and silver the best way to do it It's to actually own it yourself and you can do that by just going to guildhallpreciousmetals.com where you can buy it direct take some home Follow the crawl walk run strategy, you know get started see how it looks see how it feels get comfy Because comfort breeds confidence as well you can hold it in your registered account This is a really popular place to do it because people are looking for an alternative a place where they can protect their wealth and take advantage of what's happening in the markets own it physically outright it's Zero counterparty risk you have direct ownership fully allocated fully segregated to you and You can do that with guildhall. We'll be there every step of the way We are hands-on when it comes to our registered accounts the number one eight seven seven eight silver the website guildhall wealth calm Mordecom on the real money show on 640 Toronto welcome back to the real money show the number one eight seven seven eight silver and the website guildhall wealth calm Jerry we want to talk about the the rate cuts We want to stay on this topic a little bit and just explore it a little bit more in terms of what it can mean to Anybody who's in the market, you know, some people think, you know, they've been waiting for this They've been waiting for this, especially if you've had a, you know a variable mortgage In the United States. I'm sure this is going to follow for other countries as well and Canada will start to continue or continue to lower rates The difference is is they did a celebratory You know, they they give gave themselves a round of applause when they lowered the interest rates Oh, by the way, did you know about did you hear about Mark Carney? Yeah, I mean he's he's he's any jumping on board the liberal ship Yeah, but you know that he's at trying to launch some sort of new massive fund and he wants something like 40 billion dollars From the federal government. Well there you go. I didn't I didn't know that yeah That was not surprising. That was the first reason for the meeting is trying to raise money from the federal government Look it up. Look it up. You guys can look it up on your own You'll see that that's probably the real reason that he entered the picture true central banker Yeah, true central banker not he's not there for for you guys. He's not there for you guys So Jerry, you know some people will argue that a rate cut is great for the stock market So why do they need to get into precious metals if the stock market's ready for a massive rally here? You know, what's your take on that is the market gonna rally or is it a little bit more complicated? It is complicated. It's a it's a it's a tale between two very, you know, either short-term versus long-term market reactions Short-term. This was what the market wanted. This is what investors wanted They needed some sort of a relief and they're getting a little bit of a relief rally We're seeing the rally happening in the S&P hitting all-time highs as well things are moving in tandem This is what was expected by me. It happens before It happened in other markets globally But we have to remember you nailed you nailed the in on the head last last segment When you mentioned inflation we got into this entire mess when the US and Canada and central banks around the world printed trillions of their currency they literally Cranked that thermostat of inflation to 40-year highs then they had to get to work well work in Potations get to work by raising interest rates Which we said that they would do until something broke. This was the whole pivot talk Things broke. We thought it would happen within inside of a year. I think it took two and a half years to finally get it But so maybe we were slightly off on the timing, but the the pivot did happen You know, but you know is lowering interest rates then You know, I personally see it as a temporary bandit Do you see it that way because it also seems a little political in my mind that you know You didn't do it. You didn't wait for some sort of disaster. You're trying to be pre preemptive to that And when has the Fed ever been preemptive about anything never they're always reactive very much so Very very political as well, but back to the currency. This is the design of obliterating. Are you saying you didn't like my question or? Why not gone? What about the currency? It will just going back to it. This was this was supposed to be an inflationary fight They are throwing in the towel on inflation and it's continuing to the to the to the attack on the currency If you're going not going to be cutting or raising interest rates and you're starting to cut and you're going to bring in the helicopter money next You're this is the integrity and of you know the weakening of a currency is happening the destruction of the currency is going to continue Inflation is not going anywhere and in this type of environment where you're having weakness and and slowdown and economic slowdowns Plus inflation. This is a very this is a setup for stagflation and you know, we can go back to history Where we saw this happening in in the denarius, you know going back to the fall of Rome It's the same playbook where we saw a debasement of the currency happening Where you know the denarius used to be you know almost pure 95% pure But then again, you know plummeted to as low as 30% The drastic debasement debasement of the currency leads to inflation It led to rampant inflation during that time and what did it lead to it led to the weak economic economic growth social unrest What we're seeing today and in decline in trade and ultimately a weakening military So I heard someone saying that basically the the federal reserves choosing stagflation Very dangerous thing to deal with so basically we're going to be looking at no growth higher inflation but the stock market could go up so that should be a little bit of Comfort to people it should it shouldn't be you know, I brought up the situation before we saw this in in regions Specifically in Venezuela, you know, we saw their currency similarly now They didn't cut rates, but they were mismanaging the monetary affairs They were there were tremendous capital controls, which is what we see in Canada as well and during that time the Set the stock market, you know went up over 200,000 percent now It hyper the hyperinflation of the currency happened and what happened was people didn't we're not able to capitalize on that growth Because they had to sell the stock into a currency that was literally worthless. So this is a situation Do you want to ride out the stock market? You know bull run the what we're seeing a knee jerk reaction is what I'm saying or do you want to roll out of the Of this asset that is only denominated in a currency that is just being debased and destroyed It's a very dangerous time to be in anything dollar-denominated currency denominated paper-denominated The place to be is in hard assets. We are in a hard assets super cycle, which we'll get into But you know when the bully when the Bolivar became nearly worthless The investors could not capitalize on this enormous gains in the in the stock market. It's an illusion It's an illusion because you don't know what's going on with the currency underlying it the currency is losing purchasing power by the day and gold and silver what we're not what we're seeing is Gold's going up 30 percent, but it's really the loss of your purchasing power. You're losing that every single year Well, but gold's outpacing that and in thanks. I'm pacing that you know It's up over five hundred and fifty percent plus now in the last 20 years silver is not far behind It's it's over five hundred percent now too because as gold's rising silver starting to play catch up And that's that's what makes silver so appealing, but what's interesting about what you're talking about is so now you're gonna see potentially more volatility in the stock market and we just talked about the Gold market in the last segment becoming less volatile and That's I mean this week seems to sort of echo that yeah except for what happened right after the Fed dropped rates Because that was very interesting. We saw the market run up then go down and then recover right away Right you had all these people going out like mr. Slammy saying oh here it comes and then and then you know And you had people like Peter Schiff saying oh they're taking profit and then it's and then all of a sudden Nope, we're not getting the slam at all an actual fact. I was trying to put people into the market I had two conversations and I was so panicked and they said how are you doing? I said I'm really stressed Yeah, I'm really stressed right now because you know I don't know It's just it there's been a lot going on in the market, but that was it that was a very that was a blip That was like a three-hour blip in the market Otherwise the market isn't as volatile as it usually is and I love this concept that gold is being supportive supported now But meanwhile you're gonna see more volatility in the stock market. So my point is We talked about this last week on the show this idea that people look towards gold and silver because they want to be free from counterparty risk and They want liquidity. So when you talk about Venezuela, well, you can't capitalize You know the stock market could go through the roof But are you gonna be able to get out and what if it tanks are you gonna be able to get out right? most funds You know settle at the end of day those sorts of things, right? You could get a start you could have a Call a stall a stop on your on your account. Okay. I want it to stop out at ten dollars Okay, it triggers at ten dollars, but you don't get out till six. That's right. It's happened. So so there's a lot more volatility in the market There's a lot more counterparty risks Right and that leads to another another quick conversation, which is That we've been having here at the office a little bit over the last couple days about advisors I'll get to that in a minute. So I just want your opinion here Jerry on Is gold and silver right now principally being purchased because people do not want that counterparty risk and they want that liquidity? I think that that is a major reason gold is that inflation and it's an inflationary hedge and it's also insurance for your portfolio It's a reserve that's gonna perform and it performs when certain things fail You know when the stock market fails when the currency starts if you get devalued when uncertainty starts to rain in People flock to the safe haven and it's a proven safe haven a proven track record that goes back centuries and there is no other asset class that offers that that investors can grab a hold of and Lo and behold you can actually take it in your hand so you could put it you could put it in your RSPs But there comes a point where you may not want it in there anymore And you can take physical delivery of that in kind so you can get that that gold Which is global currency by the way and you can take that anywhere you'd like Whether it be Canada, US, Australia, England, it's a global currency So it has many many benefits someone who is trying to eliminate counterparty risks and And these these banking issues, you know how many banking how many banks went under this year and last year or even do you even know? How safe your current bank is how many people have have mutual funds and know what's in their mutual funds? How many people do the work and say how solvent is the bank that I currently have? Forget if the government bales them out the government bales them out. It's still only worse for you Yeah, right you see people wanting to get involved in the gold and silver market because they're they want the Independence from at all, but they get a lot of pushback sometimes from The other people that they work with why do you think it is that? Sometimes when someone's trying to make a change They get pushback right could be a relationship you decide I want to make a change I want to cut out sugar and everyone you know I want to cut out drinking for a week and everyone says come on Have a drink have a drink, you know, it's you want to make a change and people push back What is it? What is it that advisors are sometimes pushing back on when it you know? It's not an either or mm-hmm Really? I think that their main case would be volatility, but you know, oh is this the gold volatile gold is a volatile Dividend it's just spiel, right? It's a it's a gold and silver spiel that it's very volatile But the volatility is actually stemming from the currencies that are underlying every major asset Gold's only had two down years in the last 15 years in Canadian dollars So that's not really volatile and these are the charts that we refer to and and we always have to question You know, why was this this person who contacted Guildhall interested in gold and silver in the first place? There are many reasons whether it be currency weakness and being able to get out liquidity is huge When you need to get out and everyone's trying to head head to the door at the same time in a in a market crash You will not have that issue with gold. That's the reason why central banks need gold as a reserve for liquidity and All we say is become your own central bank You could do it if they're doing it if the smart money is doing it If the goal if the gold is being now put back into the monetary system if gold is being introduced in Basel 3 reforms Investors are waking up and they're they're demanding gold ownership Which is the reason why people are leaving? They're their financial planners that have done great for the over the last couple decades decades and In to go back after you ride through this wave of you know Uncertainty once things sort of normalize whatever that looks like and you want to go back to the financial planner That is my plan, but right now you do not want to be anywhere else Especially with the with the gains that are going to be had in gold and silver I want people to grow their wealth at the same time of protecting their wealth That's our goal here at Guildhall, you know, sometimes Jerry liquidity isn't what it's all about if you have Something that's down 80% or down 50% it's not very liquid, right? So it's one thing to have liquidity It's another thing that you want to make sure that it's not losing value in other words Sometimes not having a liquidity can be a very good thing And we're going to talk about that in the next segment the number one eight seven seven eight silver the website Guildhall wealth calm If you want to own physical gold and silver you give us a call We're happy to talk about how to hold it in your portfolio How to buy it for the first time and take delivery again upcoming we want to talk about a stable long-term asset and later on in the show Who's predicting a super cycle in commodities all that and more the number one eight seven seven eight silver the website Guildhall wealth calm. It's the real money show on 640 Toronto Welcome back to the real money show the number one eight seven seven eight silver the website guildhall wealth calm We took a moment during the break just to calm ourselves down a little bit. We're getting very hyped up We're very excited about the market and it really has been exciting to see how quickly people have made Gains in the market oftentimes when you're buying gold and silver There's you know you got to wait till it rises above the cost of doing business because it's an asset It's not a stock and it's been really great to see how quickly people have overcome that because there's been times in the past Where it might have taken a year to overcome that cost and then the other part of it is just also seeing? How great it is that people have held it long term it just keeps getting better and better and better for them Certainly, so it's very exciting, but you know we were talking about liquidity in the last segment Jerry and You know sometimes You know we we also have natural fancy colored diamonds beyond also offering gold and silver and You know diamonds aren't liquid in the same way as gold and silver are But when a crisis hits sometimes liquidity can be a double-edged sword very true We said you know if it's low and you know if you've lost money something doesn't feel as liquid It's like yeah, you can sell at any time, but are you selling things that are down 50% right? No now colored diamonds in particular Have had an incredible record of not having any volatility and they're certainly not susceptible to panic selling in any way And they really hold their value over time so talk talk to us talk to us about that How do you see the lack of volatility being more of a feature rather than a bug in terms of long-term wealth? Well, this is it. It's all really about long-term wealth and generational wealth when we're trying to combat hyperinflation and currency devaluation It's very important to measure wealth in more stable assets I'm again once again reminded of places like Venezuela when they saw the currencies devalue people were looking to literally as Prices were doubling every 12 hours Imagine that for a moment every 12 hours people were buying This and this item maybe a ruler a stapler a clock whatever it may be Just to preserve the purchasing power preserve their currency just to buy something because maybe I should I could be I could sell that in the future Why not put your wealth into assets that are beyond rare at Guildhall? We specialize in natural fancier color diamond as investments as a place to hold your wealth in Beyond rare assets by obtaining the highest clarity the best color the highest size possible We have we have done it. We have procured these diamonds We understand what we're looking for in order to achieve success and success is you know Combating the inflation in the loss of purchasing power, but at the same time acquiring something that is absolutely beautiful Something that you could pass on to your next generation to your wife, you know, I've been involved in a few a few diamond create Ring creations. We have a line called wealth to wear and this is where you can actually enjoy This wealth asset and put it on to your loved ones finger I was involved in a few creations and let me tell you Jeremy It was one of the most satisfying experiences for me. I was a broker of it, but I actually enjoy it I actually fell in love with the ring myself and you know It was a it was a builder's wife that that received the ring and she wears it to this day And she was able to go to different like galleries and nothing shines Nothing since it since is as scintillating as a Guildhall diamond because that clarity it's unmatched Yeah, you know, not only that, but we have a custom designer. He's incredible. He's worked for Tiffany's. He's worked for major design major diamond jeweler retailers, but you're not paying retail, you know We have a ring for example that a similar quality diamond and probably better I hate to say it probably better quality diamonds in the setting at a major jewelry store that has, you know, robin eggs blue boxes is Selling for over thirty thousand dollars pre-tax and we have the same ones for around 20,000 with tax so, you know, it does pay sometimes to also go wholesale But talk to us about pricing on the diamonds Jerry. How have they been performing over the years? What can they expect? over the long-term generationally, you know What's in it for them on a natural fancy colored diamond long-term? well besides the rarity and you know the closing of of mines that were responsible for the The procurement or the birth of rare pink diamonds the mines are closed the prices are firm and stable but now we're entering into a phase of You name it it's called helicopter money and over the course of the last you know decade decade and a half Diamond prices have been on the rise every time that there is stimulus color diamonds Perform during these times of ultra high ultra loose monetary policies ultra high money printing That is when you add liquidity to the markets, which is what's coming up? These diamond these color diamonds a guild hall color diamond performs. We will see gains But that's not really the point. What's happening is the again going back to the currency, you know my perspective has always been on the currency and my currency trader by trade and I view everything in light of that currency because what is the asset worth and what currency is it is it resting upon if that Currency is destroyed you might as well get out of that leaky boat and into an asset that Generational wealth builders have used and we look at you know wealthy families They have not really done it with you know the stocks. They've used it. They've used assets like land gold Natural fancy color diamonds on crowns. You name it. This is real wealth Beautiful wealth that we can enjoy and we're so proud to be able to offer this as a diversifier for your portfolio Because we have entered in and we'll talk about that It's a commodity super cycle and it's just gonna lend into your portfolio quite beautifully a great diversifier You'll enjoy it and you know, you don't get that from lab grown diamonds You know, they're producing those at a massive rate because they think they can make money But it's it's like the it's like corn during the the run up to the dust bowls They just think that they can make more money at it So they're producing more in a market that was already, you know white diamonds were never particularly rare. They're a luxury item Yes, but you could go anywhere and buy the exact same diamond anywhere. That's right So they're luxury items. Yes, but not necessarily a rarity and when you create one out of thin air You're making it even worth less than that by the way, you know, they bought they bought New York using beads. That's great and And obviously once those could be created very quickly those had no value anymore So this is about having something natural having something rare something that takes millions of years to create and Is unmistakably special and when you look at these diamonds in person You can't help but feel that way especially when you're looking for one for yourself It's always a beautiful thing to watch how the diamond picks you. That's right It's a really interesting market to be a part of Give us a call if you want to learn a little bit more about the market or even set up a time to take a look at some of the Diamonds available the number one eight seven seven eight silver the website guildhallwealth.com coming up Supercycle in commodities who's calling that and where can that take gold and silver in the future that and much much more on the real money Show on 640 Toronto Welcome back to the real money show the number one eight seven seven eight silver the website guildhallwealth.com This is really a critical point in the market. We're seeing really big gains in gold and silver Some people might think Jerry that well I should probably not get involved in the market It's had a pretty good run in the last year or two Have we hit the peak in gold and silver? Should people be taking profits right now and calling it a day? What are your thoughts? Definitely hold on to the metals market. I mean life is life expenses are on the rise, you know, Bank of Canada Just signal that inflation or you know inflation's at 2% that it's going down ladies and gentlemen that we have nothing to worry about here in Canada But the Ipsos poll shows that Canadians are struggling to afford food and we have to make all these cuts But the Bank of Canada is saying no, we're achieving our targets. This is not the time to get out of get out of gold and silver You want to hold on because what is coming up is going to be a wealth game changer for you your family and Generations to come for your family and it all had to do with you know The big pivot that we saw this week and where we're we're going from here on in are you expecting the Fed to keep dropping rates from here? It is it is actually considered that they were going to see further rate cuts This is the beginning of a rate cut cycle. We talked about commodity super cycle a little bit This is a super cycle happening with Federal Reserve cuts just today the Bank of America global research team has uniquely increased its forecast for Federal Reserve rate cuts in 2024 predicting a 75 base point a basis point reduction in Q4 so coming up a 75 point slam dunk that's going to rock the markets and mind you this is this is happening while the big zombie central bank Postponed their hike they were supposed to hike like the Bloomberg pundits were talking about 25 basis points They were predicting a bank of Japan to hike rates today this morning we're recording on a Friday So they save the world by not hiking interest rates because we know the Bank of Japan the zombie bank It was responsible for the derivatives bubble that we're seeing the trillions and quadrillion So this is going to continue and I think you know going back to your question This is not where you want to be in the stock markets and things like that dolla denominator You're going to want to be in ounces. Well, you certainly want to diversify and it's still a good time to be doing that you know, we're we also are seeing concepts of a Supercycle in commodities Tell us about who's calling for that. I was watching a video Just this morning of another gentleman who was who's calling for that. Let me just pull up who are who I forget that was Tom Moongo. Yes. He was saying we're in a we're in a commodity Supercycle, but he's not the only one no no we had Goldman Sachs talk about it before JP Morgan talked about commodity Supercycle now. It's our friends only our friends at Saxo bank only hand saying he does a great job over there Now he talked about the commodities in particular energy industrial metals precious metals all rallying and its own response to now lower Funding costs you cut interest rates. You're making it easier for these companies to get going you want to get digging We need these resources. We need these metals out of the ground as fast as possible. The demand is high But it takes years to get it to rank down to to to actual market You can't just crank up a new mine. No, you can't and supplies and quality supplies are dwindling which is the Further reason for a crack up boom and happening in precious metals and and commodities the commodity Supercycle is is all following suit Gold reaching high and breaking through 26 But he likes silver as well silver is outperforming gold according to his Report year to date gains 30% benefiting from rising gold price. He says industrial metal strength and softer dollar with a weaker dollar Because when you're cutting interest rates, you're weakening that dollar gold and silver and these industrial metals are now becoming more Inversely correlated to that us dollar. Let's talk a little bit about where we could see gold go I've seen numbers thirty five hundred dollars even this year Do you think that three I mean given that we've gone from twenty two thousand dollars an ounce to twenty six hundred dollars In nine months. Do you think that we could be seeing three thousand dollars in our sites before years end are we certainly or or? You know stop me if you think I'm getting over you know over my skis on this am I am I getting caught up in it? You know, I don't want I don't want to sound like someone getting completely caught up in the market But is it a possibility? There's definitely a possibility when we're now entering into a stagflationary cycle, which is what we saw in the 70s We have to look to see what happened during that decade with the first bull cycle in precious metals During that decade for the beginning of 1970 gold started to rise and rose higher nearly every day For four years in the 1970s Imagine that every single day almost every single day gold is up. Well up up. How much Jeremy? Do we want five dollars a day? Well, let's say almost every day 365 days a year well that would put gold at fifteen hundred for that one for that year But if gold went up a whopping fifteen dollars per day multiply by Three hundred sixty five days per year. That's four thousand dollars Jeremy. That's four thousand five hundred u.s For that one year. Could you imagine the the price of gold to Bitcoin at that point? They wouldn't be They wouldn't be laughing so much in the gold market. I put on our x-feed last night Because again, you know, it's funny. The market going up should be a celebratory time. It's it's actually quite stressful but Garrett Goggin put out that gold and now versus the 70s. He said from where it is today He said only another 241% to go to match the gains that were made in the 70s and it's funny Michael Oliver talks about that same thing of how much it would have to go up and you have to remember This would be a massive takeaway for today When you think about the debts in the 70s versus today The debt to GDP for you know from the 70s today It could be way bigger But it doesn't have to do that in order for you to be successful at that You know if gold gold went to $3,000 an ounce at an 80 to 1 ratio Which is where we're sort of at with the gold silver ratio. You're looking at $37 silver You know, that's a that's a good game to go from you know $25 to $37 inside of a year and that just shows where you could go from there Yeah, we're still not even at $50. So if you think that you're you missed the party in some some way Look at where the all-time high is on silver and start to make the economic decision and think about that or speak to us I have to say one of the things people ask well What's different from you guys to the banks and the biggest differences is we we walk with you as a client from the very beginning to the very end I was saying to someone, you know, even if you decide This isn't for you anymore You have another opportunity and you sell off your RSP or you want to transfer to somewhere else We still follow you and help you ever right to the end. We don't say thank you. Bye to the curb. You go. Yeah, because We understand we're helping people and to fulfill the services to go all the way. Yes, you know But we're here to have sound boarding conversations Talk about the markets the trends these trends, you know, we're talking about breaking all-time high New Jersey scrapping tax Yes, I got that G7, you know G7 is trying to launch their own banking system to rival the bricks The bricks are backing their system up with go all of these trends even even Russia paying China and gold We're gonna be sharing this information to you just to try to you know shed some light Maybe you want to reconsider selling your gold off. I've done I had to do this week By the way, someone did decide to sell off while they're high. He's like Jerry. I'm up 48 percent on my portfolio Selling for selling sake. Yeah, just selling for selling sake look at Jerry you said in we're here to give you information And if you've missed a show, you can go to YouTube you can go to Spotify You can go to our rumble channel. You can follow us on Telegram follow us on X. There's lots of ways to See what we're up to see what type of information we're bringing to the market Jerry that was fantastic. Thank you so much. Thanks to all our listeners the number one eight seven seven eight silver The website guildhallwealth.com can't wait to speak to you all here on the real money show on 640 Toronto The preceding was a paid commercial program unless otherwise identified the guests on the programmer employees of or otherwise Represent the advertiser the opinions expressed therein are those of the advertiser and do not necessarily reflect the views and policies of chorus entertainment