The Real Money Show
The Real Money Show - December 26th, 2015
The Real Money Show from December 26th, 2015.
Welcome once again to The Real Money Show, 18778 Silver, online to guildhallwealth.com. Pick up the precious metal advisor, the investor kit, and a reminder once again till the end of the year, which is drawing very close when you invest $5,000 US in an RSP account for physical metals, whether it be RSP, TFSA, RESP, Lyft, Rift, Lyra, you will get a one gram gold piece, or at least one gram of gold courtesy of Guildhall. So check that out till the end of the end of the year. Hey, Darren. Hey, John. So listen, I'm well, but I wanted to just do a quick update because this show is going to be airing post Christmas in between Christmas in New Year's and segments of this show are going to be previously taped. And this is going to be an interview with Dove Meisels from Questrade, which is a big thing for us, big time of year. You're running out of moments if you're listening to get in your contributions for the RESP updates, as far as your RSP and Bowser RSPs, you have until basically February 29 to get that ball rolling. And of course, we're going to talk about diamonds as well. But in this first segment, I thought I would end the year on a high note. And again, I'm being facetious as can be, as you know, the bank for international settlements, which is called the BIS for short, it's sort of a central bank of central banks. It says the world is taken on so much debt that a rate hike at the Federal Reserve could tip the whole planet into a debt crisis. It's exactly what we had this week. And of course, this was very, very much on the minds of many investors. What would happen after a quarterpoint rate hike and the answer is nothing gold and silver kind of hovered around the same price. They went up mid week prior to the announcement being made two weeks ago or week and a half ago. And essentially, all the markets kind of since then have stayed pretty much the same because, of course, as we said in the show, it's built into the price. The market already expected it to happen. And of course, this year volumes do get thinner because here we are, a lot of people on vacation or whatnot. But we never sleep in the metals markets. They're still open and clicking away. And what I wanted to do in this first segment is tell you give you four reasons why, as a silver or gold investor, we're here today, what took gold up to $1,900 an ounce? What took silver up to $49 an ounce? And what gave investors the opportunity to make fortunes hand over fist and will it happen again? And I'll tell you, in this first segment, what we're going to do is just basically touch point on four different fundamentals. One is the US dollar, two is inflation, three is geopolitics, and fourth is supply and demand. And I'll get started right away by telling you the US dollar, it's terrible. It's an absolute piece of junk. On paper, it is definitely having a bit of a heyday in the short medium term over the last couple of seasons. It's been very good. But that's if you hold the US dollar. And of course, we know here in Canada, how that feels, we're getting squashed on exchange rates. Most people aren't traveling as frequently. I know in talking to my own father, he was debating a trip at Christmas time with his girlfriend and of course decided against it, because the exchange rate is almost near 40%. So not a good time to go. They're going to go somewhere in Canada. I think it's a much smarter decision to do anyway. So if you're thinking about investing in gold and silver, one of the main reasons you want to think about it is the US dollar and believe it or not, the US dollar is on a macro level on a large scale, still in a bear market. And it's been that way for the better part of 100 years. I read a blog the other day and the blog asked the person who was saying, Hey, the US dollar is probably going to be worthless in 10 years 1520 years. It's already worthless. It buys almost 100 times less than what it bought on the world stage compared against other currencies just 100 years ago. So when the US enacted the Federal Reserve into existence in 2013, they did so knowing full well that the Federal Reserve would be a private separate entity responsible for the printing of US fiat currency. There were no rules in place or very limited number of rules in place to protect the consumer and that they would use them in the sense that the Federal Reserve would print money, lend it back to the government of the US at a rate that would be very substantially low. And of course, the taxpayer gets burdened with the responsibility of paying back the debt owed or interest owed. That's been going on now for a long time. And whether or not people realize that that US dollar has for the most part, as Paul has said on so many shows, simply been the best of the worst bunch. And I mean, ultimately, people don't know what to do with their money when all else fails. And of course, we look no further than where we are currently. If you lost money in 2008, and you had precious metals, you were lucky. You had physical gold and silver held in a vault or stored with you, you were pretty lucky. Because what happened with precious metals after 2008 is they were the quickest to rebuild. They got back everybody's value very fast. Within three years, the price of metals in silver went from $8.50 to $49 and gold went all the way from 850 all the way up to 1900 and change. So people that were holding their money in those forms of currency definitely fared very well. Now they might have offset that by saying, Hey, at some point in that run, I'm going to liquidate my silver and gold and go to fiat currency. I need the money. And they might have done that. But I want to make clear that that first fundamental, the US dollar relates so much to printing and takes us and ties us into the second fundamental, which is inflation. And inflation is a very ugly thing, because what we don't see is how inflation works. We know it's, we're told that inflation is almost non-existent. We're told that it's not tearing us apart. But I can think of no better example than to why or how inflation works than gas. We look in Canada gas, and I posted this on my own personal blog, not too long ago. If we look at the price of gas right now, hovering around $98, 98 cents a liter. And if I look at, let's say a span of the last 15 years or so, I can see what inflation has actually done and how it's impacted me. If I look back to 2004, when a barrel of oil, I'll give you two examples prior to this, where a barrel of oil was trading around $35, $36, $34 a barrel, and what the prices of gas were. If I look back to 2000, I think around 2008, the price of barrel of oil prior to taking off liftoff was around $35, $36 a barrel, and the price of gasoline per liter was somewhere in the 80 cent range. So cheaper than it is now, but certainly not in comparison, anything that great. If I look back 2004, in fact, there was, again, there's a big spread in time. We're talking now 12, 13 years. It's a long time ago. And essentially, what you saw back then was again, a barrel of oil at $35 and the price of gasoline somewhere around 70 cents, 71 cents, which I know. But given the fact that the barrel of oil is still there today, we're not seeing a hold back on gas pricing. The last thing the gas magnets want to do is let us really have the true value in our pockets. They want to keep it for themselves. And we're seeing that as a silent way that inflation is eating away your wealth. So essentially, even though the price of a barrel per oil is down now again to that low of $35, $36, $37 price of gas is close to a dollar. And of course, time of year, people are traveling going to see families, they're going to jack it up. I mean, it's ultimately the truth. And of course, that's how one way inflation eats away at our wealth. And again, it's not the only way, but it is one way. Now, with all this money printing, inflation is inevitable. I wouldn't say hyper inflation, but there's going to be some type of inflationary experience. Mortgage rates are going to start to rise. Interest rates are already starting to rise. And of course, if you look at the long-term picture, our interest rates for mortgages in Canada follow or are dependent heavily on what US treasury yields do. So if those rise, typically we see Canadian mortgage rates go up. That happens when interest rates rise, that just happened a few weeks ago, expect mortgage rates to start to rise slowly. And of course, over time, but nonetheless, it will happen. And this will have an impact on housing. Inflation will creep in at some point, you will understand this. But until you do again, for the US dollar long term and the inflationary pressures that are in this market that we don't see, gold and silver are a tremendous way to protect the value of your wealth. It's an insurance policy, one you hope that you never have to use. But if you did, perhaps it might be the best thing you've ever done for yourself. Now, to get that a step further, I'm talking about the third fundamental that ties in with US dollar and inflation. And that's geopolitics. And geopolitics are basically what is happening around the world, what instability is occurring. And of course, back in the 70s, when the price of silver and gold shot to the moon, it might have been the Afghan Russia crisis, it might have been the Iran hostage situation, you don't know it could have been a number of things. But regionally, countries began to own gold and silver. Now, if we fast forward to 2015, what we've seen more recently is the notion of repatriation. That's a word that's been used heavily in the gold sector. And it certainly just means that it's countries asking for their gold back. For whatever reason, they decided to store it on hand with countries like the US and England. And of course, now asking it back, the most recent of these is Turkey. They did a big, huge spread in all of their local media and their national coverage. And it was basically the banks showing all of the gold that had been repatriated from London. We're talking physical here. Physical product, again, you don't repatriate the likes of a currency such as gold or silver, unless there's a problem, John. If there's no problem, the economy's ticking along, and we expect the next 10, 15 years to be pretty good, we don't repatriate gold. That is a fear risk on move that countries take. And it certainly should be watched. And of course, if I'm an investor, I'm looking for these things. This is the type of things that drive me to these low valued assets such as gold and silver right now. And of course, on the topic of geopolitics, I would be remiss if I didn't talk about supply and demand. It's one of the reasons countries have had such a tough time getting their gold back from other countries. We have argued for a long time that a lot of that gold just simply doesn't exist has to be made. But you'll note on the pictures, if you look them up from Turkey, a lot of the gold that's being repatriated is stamped 2015. It's not old gold that they gave, and it's not the original goal they gave. You have to look closely for these pictures, because most of the media will cut these photos away. They don't want you to know that that's what's happening. But of course, it's because gold didn't exist anymore. Those stockpiles of gold and silver are gone. Silver doesn't exist anywhere nationally at any level in any country to any extent that it did in the past. And that's a problem. So when we look at supply and demand, it's the fourth and probably most important fundamental for why we own gold and silver. And of course, we're going to talk more at length today about some of those various things. But what I encourage everybody to do is understand Guildhall is a physical metals company. We're going to talk about color diamonds. We're going to talk about our partnership with Questrade coming up in the next segment. But if you want physical precious metals, you've come to the right place. This is the nationally. I can't think of a better place to do it. This is a nationally known name, nationally known company. And again, if you want to buy Guildhall is the place to do it. So I urge you to do so one eight seven seven eight silver online to guildhallwealth.com. And while you're there, pick up the precious metal advisor sign up for that the investor kit. And a reminder till the end of this year, which is coming very closely, when you invest $5,000 us in an RSP or lift Lira, those type of funds or the through the Easter or depository, you will receive one gram of gold courtesy of Guildhall get on that right away. We'll talk to dove here from Questrade in just a moment in the next two segments. But lots more of the show on the way. So stick around the real money show continues and talk radio AM 640 and back with more of the real money show, the numbers one eight seven seven eight silver online to Guildhallwealth.com. A reminder now till the end of the month when you purchase $5,000 us in precious metals, you receive one gram of gold courtesy of Guildhall. We have a guest in studio today. Let me just read this little bit of business Darren before we get back to it. And it's goes as false information presented in this interview is for informational purposes only and is not and should not be treated as investment and or tax advice. Individuals should seek the advice of professionals regarding any particular investment and how that investment relates to an individual circumstances. How about that? And he works without a net. That's pretty good. Thank you very much. This is a segment we are very, very happy that we could bring to our listening audience to the real money show. And it's something that we've been doing for quite some time now. Some of our listeners may have been in fact to a seminar and listened to the options you have when investing in gold and silver in the physical form and having that product held within some type of an RSP whether it's an RSP an RSP a Lyra or TFS a lots of options there. But with that, I want to welcome Dove Meisels. He's representing Questrade today. Dove's been working with us for a while now. And certainly it's nice to have you here Dove. Thanks, Darren. I appreciate you taking the time out today. What we wanted to do is essentially just get through some of the ins and outs of owning or having an RSP of some type of TFS and how that might look and what Questrade can offer in terms of its well, I wouldn't say we have an affiliate partnership kind of so so to speak. We work with one another, but certainly two segregated companies. You're a very big company. And we're happy to have you aboard. And of course, I wanted to ask a few questions. So with that being said, the first question I wanted to ask Dove, what type of RSPs can be held in gold and silver with Questrade? That's a question we get all the time. And essentially every registered account we offer is eligible to hold physical gold and silver. Our most popular accounts are obviously all of the TFSA, our RSPs, RIFs, your LIF and your child's education savings plan, your RSP. And as I said before, they can all hold physical gold and silver. Well, that's pretty straightforward. And again, if somebody is thinking of opening up an account, really the first question I might ask is what are the contribution limits at this point in time for a TFSA right now? Yeah, well, in 2015, calendar 2015, the current yearly contribution is $10,000. And in 2016, as of January 1st, the federal government has lowered that back down to $5,500 per year. And the good thing about the TFSA, if you haven't opened one yet, any contribution room unused carries forward. So essentially, if you were eligible since the inception in 2009, the current max contribution for TFSA is $41,000. And that's obviously going to go up again in the new year. That's 41,000 is a lot to contribute. Again, a lot of our clients don't come with us first time and think about that as being their initial contribution. But it's good to know that there is a limit there that can definitely work with gold and silver. So with regard to the TFSA dev, just because I'm kind of getting confused on that a little bit, we know that the maximum is 41. Next year, when does the next 5,000 kick in or the next 5,500? Yes, it's per calendar year. So literally the first day of 2016, that limit will increase by $5,500. And then so this 10,000 limit that's coming back down, that's for people who are who are just becoming eligible. It could be for people who are just becoming eligible or who have already maxed out their total contribution room. And every year that that new limit will kick in and you can essentially add more into the account. Okay. So the new government brought it down from 10,000 that you could put in for 2015 down to 5,500? Yeah, when the TFSA was originally launched, the initial contribution amount was 5,500. The federal government kicked it up to 10k. And now they've brought it back down to 50. If you've never made a contribution, you can put in, as of December 31st, 41,000 Canadian, as of January the 1st, 2016, you'll be able to put in 46,500 Canadian. That's correct, Paul. It's excellent. And thank you to the Liberal government for that lovely decrease in contribution, right? Thanks for all those who voted. Yes, showing up. Yes. I happen to know a couple, not me. But anyways, I wanted to ask another question of, how easy is it to set up an account with Guildhall using Questrade? Really easy. Our entire process, our account opening process is online. Everything from the application, signing your documents is online through our eSignature tool. Even uploading your hard copy documents, you can upload a scan through our digital portal. And really, your registered account shouldn't take longer than 24 to 48 hours to get approved. And then you just need to fund the account and our most simplest, easiest, free method is an online bill payment, just like you would pay your cell phone bill. Very simple. And again, I might add to that, having had experience now with hundreds of clients getting into this marketplace, you also have and provide a transfer wizard in terms of getting funds from one place to the next as well. Yeah, that's correct. And specifically for registered accounts, a lot of our clients have an existing registered account. And the good thing about the transfer wizard is it's a very user-friendly interface. We make sure that all of the information is captured correctly and in the right order. And our wizard will then pre-populate a physical form that you print out, you sign and you send the physical into our office. And we actually will process the whole thing for you. We even contact your other financial institution on your behalf. You don't have to have that awkward conversation on thinking about moving out. And you just sit back and relax. And the transfer usually takes 10 to 15 business days, depending on the assets that you have. Yeah, what I really like about that is it is really easy. We do find a lot of customers want to have someone with them while they're doing the process. But that is a question that often gets asked is, what do I have to do? Do I have to contact my bank? That's like the first question. Do I have to contact my bank? No, no, no. But everybody's scared of that confrontation with where they've got their money invested to take it out. Right. But with the transfer wizard, it's OK, I'm just going to simply fill this out. We make sure that everything gets done properly. And then, questrate will just handle the rest. Yeah, it's really that simple. And the other part of this is that we have somebody devoted at Guildhall to helping every client get through this process, holding their hand, making sure that each step is handled with smooth and easy transition. And of course, can walk you through all of this, you sitting in front of your computer at home on the phone here at Guildhall, perhaps coming into our office, we love to see you either way, or even at questrate itself, the physical entity. So that's a really good thing to know. Here again, with a dove in the segment of the show from questrate, the number to get more information outside of show hours is 18778 silver online to guildhallwealth.com, as well as your registered accounts through the e-store or depository. Now till the end of this month, December US spent $5,000 US on precious metals, physical metals, you will get one gram of gold courtesy of Guildhall. Let's shift gears a little dove. I want to know, and this is another popular question we get with Guildhall in terms of working with questrate, how safe is money and product being held with questrate? Yeah, great question. We also get that a lot. Even for clients not looking to purchase physical metal. It's always something that people want to consider when they're looking to join a new financial institution. Questrate is a member of the investment industry regulatory organization of Canada. In the industry, we know that regulatory body is Iraq, and essentially it's the same regulatory body that oversees all of the big banks and other brokerage firms. So essentially what that means to you is questrate is held to the same standards and we have the same practices, policies, and procedures in place to keep everything safe in your account. In terms of your physical metal, it is stored in an Iraq approved depository, and questrate is also a member of the Canadian Investors Protection Fund, CIPF, and customers' accounts are protected by CIPF with certain specified limits. Questrate can make a brochure available to you if you want more information on that. In addition to that, questrate also has $9 million in insurance coverage from Lords of London in addition to that CIPF coverage. Suffice to say, we have plenty of security, insurance, protections, procedures in place to keep all of your financial holdings well as you care. And the interesting thing is though the RSPs are done through questrate, you're the custodian, the product is kept in the same depository that Guildhall stores for their clients the same precious metals. And we give out the bar numbers, which were probably one of the only companies that give you the bar number of every single bar that you put into a pension plan, or whether you want to put it in the depository as well with Guildhall separated, segregated, allocated, and insured again with Lords of London. And that's an important point to make because that insurance does extend beyond there as well. And that facility itself is top-notch. It's a world class facility. And of course, you can find more out about that through the brochure that Dove mentioned, as well as getting to Guildhall wealth management and finding out more that way. We're always happy to answer those questions for you. Now, the other question I have here is a very, very important question. And it pertains more to the buying and selling. What else can I buy or sell once I've opened an account with Guildhall and questrate? And I'll ask this question to you, Dove, because most people think or have the initial impression that the partnership with questrate is only for precious metals. Can you tell us a little bit more about that? Yeah, absolutely. And it's not just clients for physical metal. A lot of our clients think we just do stock traits. But really, our real core base are opening registered accounts and TFSAs. And all of our accounts, the beauty of our registered products, they can have any asset class in them, such as stocks, options, exchange traded funds, mutual funds, bonds. And recently, we started offering IPOs, or what we're calling new issues to market. And of course, all of our registered accounts hold physical gold and silver. But through Guildhall, we only participate in the precious metals portion. We have got nothing to do with equities, ETFs, futures options, or any currency trading or anything like that. So, let's make that clear that we are the purveyors of gold and silver for you. The purchases are made through Guildhall to buy the gold and silver. And again, it's an important point. It's just an added benefit of becoming a client with Guildhall. And to make that relationship clear, before we go to break, I just wanted to say that when you do come to Guildhall, I want you to remember, you're working with Guildhall and we're using Questrade as our partner to help you on the administrative side of things in order to get the account up and running, to do the paperwork, to transfer his funds, they'll be there in the background. Of course, if you wish to do anything else, as we have just discussed above and beyond precious metals, they're there every step of the way. But your partnership really is going to be one-on-one with Guildhall and one of your brokers there. And that's where you're going to get the best feedback about markets in general, as it pertains to gold and silver. And of course, when it comes to buying and selling gold and silver, that is actually done directly with Guildhall and with your broker at Guildhall. We'll take a quick break. Dove, you hang around from Questrade Lots more on the way. In the meantime, the number is 18778 silver online to guildhallwealth.com. The precious metal advisor, the investor kit, and a reminder as well, if you're investing up till the end of this month, $5,000 US in precious metals, physical metals, you'll get a gram of gold courtesy of Guildhall real money show right here at talk radio, AM640. And back with more of the real money show, the number 18778 silver online to guildhallwealth.com, the precious metal advisor, the investor kit, all should be part of your investing arsenal. Got to welcome back and continuing to dove here from Questrade. We'll get to more with you, Dove and Justice Sec. I want to remind everybody as well, the holiday special till the end of this month when you purchase $5,000 US precious metals through either your RSP, TFSA, RESP, other funds, Easter, depository till the end of this month, you will get a gram of gold courtesy of Guildhall. There's also other specials happening too, right there. There are. I mean, listen, we got a few days left until Christmas coming up. Nothing makes more. Nothing makes better sense if you want to get into this than what we call our combo packs. And that's real simple purchases that span from 20 to 200 ounces. They're on our website. You can go there. And these are an example. Some coins, some bars, all mixed together. And they make really good sense for stocking stuffers or starters. And this is where you can get people excited about what might be coming. If you're looking to share this experience of investing in precious metals, somebody I can think of no better way than to do it using a combo pack and showing them what you're investing in and getting them interested in it. Maybe perhaps for an older child in your family who's thinking, hey, I got to think about investing at an early age. It's a great way to get them started, get them excited. And it includes a discussion with Guildhall. If you so desire to find out more about the markets, it's part of the plan. You can come in, sit down one on one, pick up your combo pack and ask a few questions about where this market's heading, what we expect to see in the near future. But it's a great way to get ball rolling. And when you're buying gold or silver or silver in the combo package, it's not like you're buying specific coins that you're putting away as a collector. Gold and silver has a value. You can hold on to it. And we believe gold and silver is going to go up substantially. But it's a great gift. It's a great gift to get someone started. It's a gift that's going to keep on giving. If we look at the past and we look at 2011, silver was trading as high as $49 an ounce. Gold was as high as $1930 an ounce. So to get into silver, just below $14 and gold at around about $1060, it is an absolute terrific bargain. It's a great opportunity for everybody to come and buy gold and silver. I want to remind people as we're doing this show also that you're not speaking or hearing from a group of financial planners and advisors, rather that this information being presented is in this interview with Dove from Questrade is for informational purposes only and is not and should not be treated as investment and/or tax advice. Individuals that are listening to the show should always seek the advice of professionals regarding any particular investment and how that investment relates to an individual's circumstances. And that's something that we've said for a long time on this show. Talk to your professionals who's managing your portfolio. Find out more about how this will fit in. And if your professionals that you're working with, your planners, your advisors, your bank managers have questions about gold and silver, please feel free to have them call us directly. I'd be more than happy to do it. I know Jeremy Paul, myself, Steven, and the other brokers in the office do this on a weekly basis. We talk with all these individuals about where this might fit in. But one thing I wanted to touch on, Dove, and it's very important, a lot of people might just be getting used to the name Questrade. They might not know a lot about Questrade. You've talked a little bit about how you are registered and, of course, you are being overseen by IROC. You've talked a little bit about storage and the options for the different types of accounts. Where does Questrade rank among the big macro picture? I mean, in its relationship to banks, how big is it? Is it a large company? Yeah, great question. Something also we get a lot. And Questrade is the largest privately owned brokerage in Canada. Some of our recent recognition that we've received include a top two spot and the Global Mail's annual online brokerage ranking, short listing by Morningstar for the best online brokerage of 2015. First place for client account statements by Dalbar, also a fourth consecutive year as a best managed company. Something we're very proud of. I believe we have gold status right now. And as well, investor economics also continues to rank Questrade as Canada's fastest growing online brokerage. And clients are continuing to come to us from the banks. And they see the real value and the ease, the access, the customer experience, the low cost pricing. And we really do have a great offering. So if we're thinking in terms of the smart people, it would appear as though a lot of those individuals are choosing Questrade as their main choice for brokerage services. Yeah, that's right. And you can talk about how good you are, but you've got to back it up with the record of success. And certainly we've been recognized in a lot of those areas. All right. Well, listen, this is the next question I have. Are there costs involved in transferring a person's account from their institution, whatever it might be, banking or otherwise, to Questrade or opening a new account? What are the fees? Yeah, Questrade doesn't charge any account opening fees or we don't have an annual RRSP or an annual TFSA fee. Some of the other financial institutions may charge you for that. And that's not our style. I know in the past, I've been charged up to $300 for a self-directed RRSP. Wow. That's a lot of money to pay for no work. Yeah, it's true. And Darren, we touched upon before that you can transfer over an existing account. And Questrade is not going to charge you to move that account over, but your financial institution will probably charge you a transfer out fee, trying to deter you from leaving. Don't we know it? Yeah, and the usual fee is around $135. Do they give you back your first boom because that's what you normally have to give up? That's what it seems like. The good thing is Questrade does have an ongoing promotion. If the account size you're moving is $25,000 or more, we will rebate that transfer out fee up to $150 and that's one per client. And essentially too, can you just touch base on if we have a metals account with Questrade? What is the account fee associated with accounts below $5,000? Yeah, and just so that we're being honest and open with everybody listening. Yeah, we do have an inactivity fee at Questrade for clients who have total equity across all of their accounts below $5,000. We do charge $24.95 per quarter. The good thing about that $24.95, it's a commissionable credit that you can use towards further transactions in the following quarter. And as long as you make one trade or have more collectively than $5,000, this includes householding with your spouse, you can avoid that fee. And for short, buying precious metals is considered one of those trades that makes you exempt from that inactivity fee. There's lots of ways around that. That's good to know. Any other promotions right now, before I get to one of our last questions about Questrade, any other promotions on Ring now, do you have the Apple promotion still running? Yeah, I believe whether it's still running or not, clients of Guildhall coming over to Questrade will honor this anyways. Anyone moving over $100,000 to Questrade, we will provide them with a $500 Apple store gift card that they can use towards buying an iWatch or any other Apple product. And we can of course follow up with the specific details on that at any time. Anybody's listening? Is that done on one purchase or is that done under several purchases? So if someone puts in 60,000 one day, 40,000 three months later, are they still entitled to that rebate? Yeah, I think the promotion is per account. But again, because you know, we have a special relationship with Guildhall. If it's collectively among several accounts, total equity, 100k or more, that is a promotion. We will definitely honor it. That's awesome. That's great. Now, last question I have for you, Deb, before I let you go is, why did Questrade get involved Guildhall in the precious metals RSP market? It's a great question. I think it's something that our listeners would love to know. Yeah, Questrade has always provided its clients the ability to hold precious metals in their registered accounts. We just never really specialized in it. Our clients primarily come to us to buy equities. And we would also have this offering there for them to buy if they so choose. But the truth is, we didn't specialize in it. And partnering with experts in physical gold and silver like Guildhall, that really helps strengthen our product offering and helps us provide the best experience for our investors. And that's what we always aim and strive to do. And again, on that, and I think we wanted to make clear, to date, we've opened a lot of accounts with Questrade. We've been up and running over this past year, and it's been a lot of fun working with Questrade. They sure make life easy when it comes to holding gold and silver platinum palladium in these types of accounts. And also, outside of these accounts, the other options that are available are just an added bonus. But essentially, without putting you on the spot of, I want to thank you for coming in to do the interview. And before you leave, any concerns that our listeners should have with the partnership between Guildhall and Questrade or in your opinion are things going well. Things are going really well. This past year has been really, really good. You guys are sending over some really good accounts and some good clients. They seem to be really educated. And from what we can tell, you guys are doing a really good job explaining the product and how it works and everything involved. And we're just there to really help make that transition the account opening process nice and easy. Yeah. I think it's been a great relationship overall, because I know even from the inception, when you and I started talking about it, we were saying the type of things that we thought would be important to be in an investment like this. And we were very strong on the point about serial numbers and whatnot and Questrade's been so generous with being able to provide everything that we were looking for. And the result has been, as we've seen across the past year, I mean, we launched what late April, really early May, is people have been waiting for this. They've really been waiting for this. For me personally, when I see the other type of investments out there, even funds that are backed by physical that show the numbers because they're funds, they have to show the serial numbers, those aren't allocated to the investor themselves. It's just that's the serial numbers in the in the fund. Whereas with this, with Questrade, we're actually able to provide the specific numbers for that specific bar that that client specifically purchased. And so I think that idea that people feel that sense of, it's pretty, I mean, they can actually put it in their hand if they make the appointment, but it's in their hand product, but they're doing it. Questrade is the only company that's doing that. So, thank you for that. And I think we're looking forward to 2016. The interesting thing is though, when we were driving in to do the show today, was we were talking about the people that invest in some type of pension plan, RSP, TFSA, whatever it is, that they're paying such a small percentage of storage to hold this in their account. It's for your retirement. It's not day trading. You don't have to day trade gold or silver. You buy it, you're paying a very, very small percentage on the value of the metal to store it. And you have to believe or not believe that gold or silver is going to go up in value. You also have the ability to buy and sell on a phone call. So, if silver is trading today at $14 and we go up to $25, $30, you can sell that product, stay in cash. If the market dips, you can buy it back on the dip. If you want to add to your position, you can add to your position as well on a yearly basis and add in your RSP, your TFSA, your Lyft, whatever account you have, you're able to do this. But you have to remember, Gerald Solente, one of our celebrities is always on the show, says gold is for your golden years. And that's what you need to do is put that gold away in an RSP, sit on it, and when you're ready to retire, you should do extremely well. I would be remiss if I didn't remind people the deadlines for contributing. The overall broad deadline for contributing is February 29th. This year, I believe, we have 20,000. It is a leap. It is a leap. It is a leap year. It is a leap year, February 29th, 2016. And if you could shed a little more light on that, I know the RSPs are December 31st. Correct? Yeah. RSPs is the last day of the calendar year for an RSP, or like a spousal RSP. The contribution deadline for 2015, I believe, is actually the first business day in March, right, of 2016. Okay, so that we get to the 32nd of February. That gives us some time for the RSP and spousal RSP options and other options there. But this does not give us much time on the RSP option. So for those that want to get contributions in and topped up, we have a few days left in the calendar year to do that. Let's get the ball rolling. If you're excited about it, call Guildhall and get that ball rolling. And you know, I'll hold you for one more question, Doug, because that's something I personally want to make sure people are clear on. If I open up an account with Questrade, do I have to transfer over my existing RSP account? Yeah, that's a question we get a lot as well. And the answer is you do not. I would recommend you that you should. But you can do what's called an in kind and all in kind transfer. We move it over as is. If there's certain assets and equities over there that you want to keep at your current institution, and there's a certain cash component that you're you want to use to buy physical gold and silver, you can do what's called a partial transfer. And that will keep your existing registered account intact. And just move over that cash component, you can specify exactly how much cash you're moving over. And when that comes over, that activates your Questrade account and you're good to go. Likewise, am I able to have an RSP account at my old institution and at Questrade? And are there any number or limits to that? Yeah, the CRA Canada Revenue Agency is only interested in you maxing out your personal contribution amount. So you can have multiple registered accounts at different firms. Again, I wouldn't I wouldn't say that's your best option to do because of fees. But they're just looking at your overall total contribution. So as long as in all of your registered accounts, you don't reach your limits or go over your limits, you're in good shape. Excellent. Well, thank you for coming in Dove. We greatly appreciate your time. And of course, I know in future shows, you'll probably be around and people will see you if they're attending the seminars with Questrade and Guildhall. We hope you have a good holiday season. And once again, thank Questrade on our behalf for giving us the time today. Thanks guys. 18778 silver guildhallwealth.com is the website again, a reminder until the end of the holiday season, you're purchasing $5,000 U.S. In our SP account or the e-store or the Depository, you'll receive one gram of gold courtesy of Guildhall as well. The combo packs are also available as well. Again, more details at Guildhallwealth.com. This is the Real Money Show on Talk Radio AM640. The Real Money Show on Talk Radio AM640. 18778 silver online to Guildhallwealth.com. Or for this segment, especially Guildhall Diamonds.com. Paul, this is one I always throw to you because I know this is your baby, the Diamonds. Absolutely, John. I have to congratulate everybody that purchased Diamonds this week. It was a great opportunity for everybody, the prices we haven't changed. And I talk about every week the currency and the Canadian currency versus the U.S. currency. Right now, we're at 1.39 Canadian to the U.S. dollar, which means product that's on our website. We haven't changed this year alone. You've made 20% just on currency. In January, we will be changing our prices. And that's why a lot of the clients have been taking the advantage of the Diamonds that we have. We spoke last week or the week before about we're opening up in New York and we're purchasing extremely large Diamonds that are going to be available in January and February for our Canadian customers as well. The opportunity to get into purchasing a natural fancy color diamond is the time to do it is really now. We've been looking at reports that come out of the natural fancy color research. And they're saying, for example, pink Diamonds over the last 10 years have gone up 361%. That's an average of 36% a year. That's on investment grade Diamonds. That's Diamonds that go into auction. That's Diamonds that are sold at high level through high end distributors like ourselves that sell investment grade. So, for example, if you spend $50,000 right now on an Argyle Pink, you're looking over the next 10 years of return. It could be almost $175,000 back in your pocket. So, if you're looking to retire or if you're looking to put your kids through university, this is the time to get into a natural fancy color diamond. Just to make it very, very easy for you to understand how rare these natural fancy colored Diamonds are. For every 10,000 carats of white Diamonds mind, there is only one carrot of color. Now, that doesn't mean it's an investment grade. That Diamond can be brown in the trade. A lot of the companies are calling it cognac or champagne or chocolate. Basically, those Diamonds are not worth anything. Black Diamonds are, you know, to me, a piece of coal. They're not really an investment. You start looking at yellows and you look at the three different grades, fancy, intense and vivid. You look at pinks, you look at greens, you look at blues and then, you know, you get it to the highest value of a Diamond or red. So, to find a one carrot, fancy, vivid, internally flawless yellow, you're going to have to mine about a million carats of white to find that one carrot star. That's what makes these Diamonds so rare and this what makes the Diamonds so desirable. You're seeing more and more celebrities on the red carpet wearing natural, fancy, color Diamonds. This was one of the best kept secrets among savvy investors for years and years. People that bought 10-carat, 12-carat Diamonds, sat on them, royalty for people with lots and lots of money. They're going in auction. Blue Diamonds sold a little while ago for $42 million. Now, not everybody's got that type of pocket change. So, why do we mention that a Diamond sold for $42 million or $35 million? It's just to give you an idea of where these Diamonds are going. The Diamonds that we bring to you, we go out of our way to buy the finest and the rarest that we can lay our hands on. I'm looking right now for fancy, vivid, which is the deepest color in a yellow Diamond, for example. I'm having unbelievable problems trying to buy. I haven't bought a vivid Diamond in three months. They're just not out there. People are holding them. It's cash in their pocket. The dealers, cutters and polishers that have this product, just pushing them to the back of the safe. Why should they sell the product today at 20 or 30% mark-up when they can double their money in three years? And this is what's happening in the market. That's why we're not seeing any vivid internally flawless. You can go to our website. You can get an investment. You can start off with a one-carat, fancy, internally flawless yellow for around about 14, $15,000. That's the start of Diamond. Not everybody's got $50,000 or $100,000 to invest. But what we try to do is educate you and show you that that one-carat diamond is going to produce maybe six to eight percent of profit in every year. An intense Diamond, which is a little deeper saturation, is going to produce maybe 14 to 18% return. We get into Vivids, which are almost impossible to find, as I said. Now you're looking between 25 to 35% a year of return on investment. So these are great, great opportunities to buy now. Go to our website. Go to guildhalldiamonds.com. Look at our selection. We have the largest selection of internally flawless yellow diamonds anywhere in the world today. I go out of my way to bring to you the best diamonds. And you're going to see a lot of diamonds up on the website that say sold and hold. We've had an unbelievable month which sold all types of diamonds. And I think the trend is going to carry into the new year. 18778 silver online to guildhalldiamonds.com. I mean, Paul is absolutely right 100% when it comes to the starter diamonds versus what you might want to invest in. But I do want people to focus on something. If you are a current diamond owner, you're listening to the show because you like the updates. I want you to tune into the website and keep tuning into the website because as Paul mentioned, we are going to be growing the selection of diamonds we have, especially what we would consider the top tier investment diamonds in terms of size. And once you really get into, let's say for example, if you're starting with yellows and then moving to pinks, you're getting into two carat three carat yellows and higher, that really is what I would consider to be among the best of the best in terms of collectible diamonds. And of course, as far as the future is concerned, one thing I'd be remiss if I didn't mention is its relation to gold and silver. What we see now more than ever in this day and age, our investors coming into our firm, snapping up the opportunity to have, let's say as an example, 40, 50,000 placed in an RSP TFSA with gold and silver, and then migrating into a color stone on top of that. This is the most common type of thing that's happening in our office. And it makes total sense for me because if you look around right now, John, the Canadian economy is firing on all cylinders as far as everybody's concerned, but the underlying belly of coals, it's burning a hole through up into our pockets is getting worse and worse and worse. And I'll tell you right now, the Bank for International Settlements, it's a sort of central bank of central banks, said that the world has simply taken on too much debt. And as it relates to Canada, this debt binge is reflected in our Canadian households, which in the past quarter saw their debt burden reach an all time high. The average Canadian household now owes nearly $1.64 in credit market debt for every dollar of disposable income. And that's up from $1 in debt for every $1 of disposable income at the start of the century, only 15 years ago. So if you consider what you can do with credit, which is to basically get in debt versus what you can do for yourself long term by using the money you currently have saved up in the bank, which is earning nothing by putting it into a color diamond, you're looking at a much brighter future. So everything that Paul is saying is for good reason. He practices what he preaches as this journey as do I we all own colored diamonds. And it's a wonderful way to round out your portfolio. So I want to make that clear to people that it's not just an option for advanced investors. This is something that you can start with put it in with a RSP TFSA account as we talked about all show and have the best of both worlds. We can't put diamonds in RSPs. Well, I don't know if we ever can because they're so individual, each one, and they're so rare for each one, but you never know what can happen in the future. But I think what's happened in the last few years as well is in the past with color diamonds, you could only talk about your past experiences. We could only talk about what we know what we've purchased a diamond for in the past. And we know what they're costing for today. So we're very confident in the market. But people really want to see numbers. And I think that's where the the color diamond research foundation is so great for this industry that they're now providing those type of reports by contacting, you know, 20 of the of the biggest dealers of natural fancy color diamonds. And even though in the last five years, there's been more colored diamond companies coming out, they're not necessarily in the highest grade quality available. So you do want to make sure that if you're going to be in an in a natural fancy color diamond, just not any natural fancy color diamond is going to do it's not just going to be, Oh, I bought a pink that's great. I'm going to make money with it. It doesn't work that way. You still have to buy quality. Just like real estate can't say, Oh, I bought a house. Oh, where is the house? Where did you buy it? So it's that sort of it's that sort of game that we're playing in this sense for the investment. So with Guildhall, we are focused on the very high end. We invest in them ourselves because we believe in that product. And so we're putting our skin in the game. And one of the other things that I've noticed over the last few years with natural fancy color diamonds is investors are buying, putting an up a smaller investment to begin with, and then watching the market getting more comfortable and then moving up their investment as well, because the larger the investment, the better the gains, because that you're buying more rarity with those funds. Well, that's like buying a house. You buy a house for $2 million or you're in a great area, or you buy a house for $300,000 in a not so great area. What house is going to go up more in dollar value? It's not rocket science. So it's great to have a diamond. It's great to have 15 to 20% of hard assets of gold and silver in your portfolio. It's great to have a diamond and an RSP of TFSA and have gold and silver. But go to Guildhall. Go to Guildhall diamonds.com. Look at our collection. Look at investing in gold and silver. We have a depository which is safe, secure, allocated, segregated where you can put your product. We give you the serial numbers. You can do that or go to our website and look at our e-commerce store where you want to take silver and gold home. You can buy it, take it home, put it under the bed. It's a bit lumpy, but it's a great way to own gold and silver and get started. A Merry Christmas to those celebrating and to anybody that doubts that this is a giving time of year, walk in your local food bank and give a little extra. It's something I highly recommend I do every year and I would be, I would certainly be encouraging everybody to do that. So Merry Christmas to everybody and we'll see you in the new year. 18778 silver online to Guildhall wealth.com is the number as we roll out here for another show here. Precious Metal Advisor, the investor kit you can get hold of that as well. And more information on how to get a hold of dove over at Questrade if you're using some of your RSP room to invest in precious metals. One gram of gold, that's what you will receive when you invest $5,000 or more in RSP, account, the e-store, depository. And if you're purchasing a diamond of $25,000 or more, you will get a set of diamond studs to go along with. It is the season of giving with Guildhall. So more of the real money show coming up next week. Have a great holiday right here on Talk Radial, hands 640. Hey Merry Christmas man! The Countdown to Christmas celebration continues on W Network. That is where I thrive. It's the time to shine. All new movies every Thursday to Sunday. We deployed Christmas joy with three brand new holiday series. Thanks so much. Have a great holiday. Back-to-back movies every day will have you jumping for joy. Hallmark channels Countdown to Christmas all season long only on W Stream on Stack TV.