The Real Money Show
The Real Money Show - December 19th 2015
the real money show on talk radio am 640 the numbers 187 78 silver online to guildhallwealth.com the precious metal advisor got to get that the investor kit and details as well how to use your rsp and other accounts to invest in gold and silver in fact right now if you invest five thousand dollars us in your rsp through the e store or the repository till the end of this month you will receive a gram of gold courtesy of guild hall we'll get started with the the other week that was basically the recap and the outlook and everything else that we always start every show with darren house uh how how are things looking well right now silver is trading slightly down from last week johns at 1370 as we taped the show on thursday and gold spot prices around 1051 now that being said we had a bit of a rush into the market midweek with the announcement of the interest rate hike in the u.s which was expected and pretty much built into the marketplace and both gold and silver had a little bit of short covering took the price of silver up to around 1430ish 1440 and gold up to around 1065,000 75 but both metals have since eased slightly on uh what would typically be the post interest rate announcements and what we're going to do in the first segment here is going to basically talk about how this impacts us as an in metal investor i think most people are concerned that this is a new environment we've just entered into this week with the announcement of higher interest rates in the u.s. and what it could mean for Canada is a big deal so instead of giving my own opinion which is uh quite often going to be very repetitive because i do feel very strongly about the impact such a thing as interest rates have on gold and silver i'm going to share with you an article that was displayed on december 17th by a man named daniel tensor from the huffington post and it was entitled 35 years of economic history is coming to an end and a debt crisis could be on the horizon and basically i just want to share with you a couple of bits from that article and essentially he's saying that this is the beginning of the end of low interest rates and what that means for Canada's heavily indebted consumers is as follows and he says and i quote if you're old enough to have made a mortgage payment say a couple decades ago then you likely remember a time when eight percent or even 10 percent was a good mortgage rate crazy right now we relate this back to the 1970s john and it has its relationship uh ceded heavily with gold and silver and we talk about the 70s and the last big bull market prior to the 2000s that the metals industry experienced and we note that in fact by the time january 1980 hit we were in the throes of a huge highly inflationary period in time mortgage rates were well above 10 percent and in some cases as high as 20 percent in fact i know of at least two clients who have claimed and i've talked with extensively that owned multiple properties paying mortgages above 20 percent could you imagine doing that now who would who would be able to hang on to their house well i'll tell you who held on to their house number one houses were less expensive a lot less expensive and i mean in relation to the value of the dollar ratio wise and what we spent on them of our disposable income or of our income in general was a lot less we are in an in-depth nation we have borrowed to pay for the things that we have now homeowners uh aside home builders banks they know this and they have increased that ratio over many a decade and it will continue to until it implodes that's the whole reason of fiat currency within a system uh inevitably ends it cannot sustain itself without something back in it like gold or silver so he goes on to say today of course that would seem insanely high that is an eight percent or ten percent mortgage rate however mortgage rates have been coming down for decades it hasn't been entirely downhill the whole time but the long-term trend is clear and today you can get a mortgage in Canada for less than two and a half percent that's being good news for homeowners who have seen house prices shoot steadily upwards it's being less good news for new home buyers who face high house prices but who can still afford them arguably thanks to low interest rates and of course i'll add to that after i close the quote credit and of course that is a huge different but as it relates to this whole notion of what happened this week with the quarter point interest rate there's nothing but wool being pulled over the eyes of the mainstream investor the mainstream media is doing that they're channeling all their control into telling people that the reason for the quarter uh point interest rate hike was because of course we're seeing signs of growth in the economy albeit gradual trending upwards whatever you want to call it but as you know from listening to the show you're a smarter investor than they are you're smarter because you own gold and silver and you're smarter because you listen to the people that know more than these fools that are talking about the economy getting better in essence if you've heard Gerald Solente David Morgan among a couple that have been on the real money show talk about what this means essentially to quote Gerald Solente this is the prostitutes at work they are talking a load of baloney about where the economy is going there's not a serious number that i would take to heart that would lead me to believe that the economy is growing at a rate that's acceptable am i looking around my friends colleagues family members and seeing raises in wages substantial raises in wages no i'm not i'm seeing uh lots of homes being sold very heated market we have and i've said extensively about this many times a uh very very uncertain future when it comes to housing values and especially if we think about the amount of homes that are being bought specatively for rent or to flip and of course that has not really been felt here in Canada so this is a moment in time which you want to take a look and think about what your future holds and along those lines don't forget that it just did the uh they just up the the down payment plan for the homes now so you're you're looking at 10 anything above 500 used to be a million that changed last week so unless you're gonna change things for a lot of people well if you're living outside of the GTA or if you're living let's say west of Mississauga or if you're living maybe even west of Milton now at this point and east of let's say Oshawa perhaps you got a shot at buying a starter home under a half a million dollars anywhere earth in the GTA is going to be half a million dollars for a separate detached new home build okay and i mean you're you're looking now at the very tail end of what we're going to see for this new and low interest rate period for new home buyers i have you ever been driving around gone into a subdivision said honey those are beautiful homes and said to yourself who the heck is buying these homes who can afford these homes you're driving up a row of houses and all you see our homes 800 901 1.1 million 1.2 million 1.4 million and you're saying yourself what family do i know that can afford that on a normal basis and they can't the bottom line is we've put more money of our disposable income of our yearly intake into owning a house than ever before in history and if we don't act quickly in order to protect ourselves and ensure our wealth what we do have left over at the end of the day by owning quality assets like gold and silver we are going to miss the opportunity of a lifetime especially when nobody's paying attention and prices are low like they are right now interest rates are a problem right yeah they are big huge problem because obviously it encourages speculation not discourages now the question is will Canada follow well the quarterpoint rise in interest rates is nothing to write home about however if the feds in the u.s. continue this policy and effectively start to raise rates one month after another after another after another what we want to get a sense is how has gold and silver how have they performed during higher interest rate periods so that's essentially what we're going to do why don't you throw it a numbers john and then we'll come back and give everybody a sense of what has been happening yeah the number daren talking about is uh one eight seven seven eight silver online to guildhallwealth.com check out the investor kit get signed up for the precious metal advisor and as we just get back into it here i will remind you once again like i did off the top now till the end of this month of december that is every time you spend five thousand us or more in rsp account or through the east or depository for your precious metals you'll get a gram of gold courtesy of guildhall and again if we look at this from a practical standpoint and we relate it back to gold and silver i want to make clear that the last time we saw gold and silver take off which is around two thousand two we also saw that ellen greenspan the former chair of the federal reserve in the u.s. he was embarking upon a higher interest rate period in time it wasn't until ben bernanke came in that interest rate started to tail back and all the way down to what they became post two thousand eight nine in that environment i want to make clear that the first huge moves in gold and silver came right after the interest rate started to move and to think for one second that this isn't the end of house price growth would be silly canadians needn't wait for the bank of canada to join the fed's rate hike in order to feel the impact fixed rate mortgages in canada are dependent on government of canada bond yields and people don't really take the time to know this but um these bond yields have been moving in tandem with u.s. treasury yields and those rise when the fed hikes rates so a fed rate hike can send canadian mortgage rates up and that's just a pure fact of the matter so expect over the next month month and a half for that exact thing to happen how do we protect ourselves john that's this is the big question well first it starts by understanding more about what gold and silver have done traditionally we're going to do a show in the upcoming weeks that'll be talking more about their traditional place in the economy and as it stands right now to get in touch with guild hall wealth management remember the number one primary rule of investing in gold and silver it has to be physical not paper no ETFs no futures no options on futures no stocks we don't deal in that a guild hall wealth we deal in the straight up physical goods good stuff you can get to us using the numbers john has given you can go to our website find out get yourself a little smarter about the topic of gold ownership silver ownership platinum palladium you can own it and store it with us using a depository that's an option for you you can buy it and take it home if you like just a cash purchase like you would if you're going to a coin dealer or something of that sort but we're going to give you some feedback on what we feel will be the best for you and of course you have the option as we will be discussing throughout this show and i want you to stay tuned to own your metals within an rsp tfsa alira re sp we're going to talk about them all we have an individual by the name of dove myzels representing quest trade coming in to do the show with us today we're going to interview him in the second third segments we're going to talk about diamonds today and of course we're going to give him an opportunity to tell you a little more about the partnership that we share with quest trade now for those of you that are new to this we want you to understand this is a huge deal an awesome opportunity for you to buy these metals within an account that would make sense for your portfolio this is a shelter opportunity tfsa's are tax-free rsps have deferred tax options so i want you to be paying attention i want you to hear what we're saying get to the website now while you're listening to show if you can or have access and for those that don't john why don't we go to the numbers and we'll go to break and we'll come back guildhallwealth.com is the website daren speaks of as well the numbers one eight seven seven eight silver to pick up the investigate the precious metal advisor and he strongly mentioned uh you know you use your your savings plans your your different uh tools rsp at tfsa rsp lift lira riff you can use all those details on the website and a reminder till the end of this month for every five thousand dollars us purchase and precious metals physical metal you'll receive a gram of gold courtesy of guildhall more of the real money show coming up stick around right here on 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 five thousand dollars 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 daren before we get back to it and it's goes as false the 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 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 resp elira uh or tfsa lots of options there but with that i want to welcome dove myzels he's representing quest trade today dove's been working with us for a while now and uh certainly it's nice to have you here dove thanks daren 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 tfsa and how that might look and what quest rate can offer in terms of its uh 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 quest trade that's a question we get all the time and uh essentially every registered account we offer is eligible to hold physical gold and silver our most popular accounts are obviously all of the tfsa rrsps riffs your lift and your child's education savings plan your rrsp 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 ten thousand dollars and in 2016 as of january first uh the federal government has lowered that back down to fifty five hundred dollars per year and um the good thing about the tfsa if you haven't opened one yet um any contribution room unused carries forward so essentially if you were eligible since the inception in 2009 um the current max contribution for tfsa is forty one thousand dollars 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 uh work with gold and silver um so with regard to the tfsa dev uh just because i've i'm kind of getting confused on that a little bit we know that the maximum is 41 next year you go when does the next five thousand kick in or the next fifty five hundred yes it's per calendar year so literally the first day of 2016 um that limit will increase by fifty five hundred dollars and then so this ten thousand limit that's coming back down that's for people who are who are just becoming eligible it's going to be for people who are just becoming eligible or who have already maxed out their 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 ten thousand that you could put in for two thousand fifteen down to fifty five hundred yeah when when the tfsa was originally launched the initial contribution amount was fifty five hundred the federal government kicked it up to ten k and now they've brought it back down to so if you've never if you've never made a contribution you can put in as of december 31st 41,000 canadian as of january the first 2016 you'll be able to put in forty six thousand five hundred canadian that's correct paul it's excellent and thank you to the liberal government for that lovely decrease in contribution rates for all those are voted yes showing up yes i happen to know a couple not me but anyways i wanted to ask another question dove how easy is it to set up an account with guildhall using quest trade really easy our entire process our account opening process is online everything from the application signing your documents is online through our e-signature tool even uploading your your hard copy documents you can upload a scan through our digital portal and really your your registered account shouldn't take longer than twenty four to forty eight 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 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 that's correct and um 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 um we make sure that all of the information is captured correctly and in the right order in our wizard will then pre-populate a 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 i'm thinking about moving out and you just sit back and relax and the transfer usually takes 10 to 15 business days depending on 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 um 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 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 okay i'm just going to simply fill this out we make sure that everything gets done properly and then equestrian 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 quest trade itself the physical entity so that's a really good thing to know here again with uh dove in this segment of the show from quest trade the number to get more information outside of show hours is one eight seven seven eight 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 u.s. spend five thousand dollars 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 a another popular question we get with guildhall in terms of working with quest trade how safe is money and product being held with quest trade yeah great question we also get that a lot um even for clients not looking to purchase physical metal um it's always something that people want to consider when they're looking to join a new financial institution quest trade is a member of the investment industry regulatory organization of canada in the industry we we just we know that 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 quest rate is up you know 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 fit physical metal uh it is stored in an iraq approved depository and quest rate is also a member of the canadian investors protection fund cipf and customers accounts are protected by cipf with certain specified limits um quest rate can make a brochure available to you if you want more information on that in addition to that quest rate also has nine million dollars in insurance coverage from loyds of london in addition to that cipf coverage so suffice to say we have plenty of security insurance protections procedures in place to keep all of your financial holdings well in secret and the interesting thing is though the rsp's uh done through quest rate 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 loyds 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 uh 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 quest rate and i'll ask this question to you dove because most people think or have the initial impression that the partnership with quest rate 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 our clients think we just do stock trades but really our 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 quest trade 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 the transfers 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 quest trade 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 five thousand dollars us in precious metals physical metals you get a gram of gold courtesy of guildhall real money show right here talk radio am 640 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 gotta welcome back and continuing dove here from quest trade we'll get to more uh with you uh dove and justice sec one remind everybody as well the holiday special to the end of this month when you purchase five thousand dollars us uh precious metals through uh you know either your rsp tfsa r esp other funds east door 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 are i mean listen we got a few days left until christmas comes nothing it makes more nothing makes better sense if you want to get uh into this it then 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 uh 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 round 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 quest trade is for informational purposes only means 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 quest trade they might not know a lot about quest trade you've talked a little bit about how you are registered and of course you are being overseen by iraq you've talked a little bit about storage and the options for the different types of accounts where does quest trade rank among the big macro picture i mean in this relationship to banks how big is it is it a large company yeah great question uh something also we get a lot and uh quest trade is the largest privately owned brokerage in canada um some of our recent recognition that we've received uh include a top two spot and the global males annual online brokerage ranking uh short listing by morning star for the best online brokerage of 2015 first place for client account statements by dalbar um also a fourth consecutive year as a best managed company something we're very proud of i i believe we have uh gold status right now and as well investor economics is also continues to rank quest trade as canada's fastest growing online brokerage and you know clients are continuing to come to us from the banks and and they see the real value and the easy access the customer experience the the low cost pricing and um we really do have a great offering so for if we're thinking in terms of the smart people it would appear as though a lot of those individuals are choosing quest trade as their main choice for brokerage services yeah that's right and um you know you you can talk about how good you are but you 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 quest trade or opening a new account what are the fees yeah quest trade 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 three hundred dollars for a self-directed rsp wow that's a lot of money to pay for no work yeah it's true and uh Darren we touched upon before that you can transfer over an existing account and um quest trade 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 uh the usual fee is around 135 dollars um to give you back your first boom because that's what you normally have to give up so it seems like uh the good thing is quest trade does have an ongoing promotion if the account size removing is 25 000 or more we will rebate that transfer out fee up to 150 dollars and that's one per client and essentially too can you just touch base on if we have a metals account with quest trade what is the uh account fee associated with accounts below five thousand yeah and um just so that we're being honest and open with everybody listening yeah we do have a an inactivity fee um at quest trade for clients who have total equity across all of their accounts below five thousand dollars uh 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 um as long as you make one trade or have more collectively than 5 000 this includes house holding with your your spouse you can avoid that fee and for sure 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 quest trade any other promotions on rain now do you have the apple promotion still running yeah i i believe whether it's uh still running or not um you know clients of guildhall coming over to quest trade we'll honor this anyways anyone moving over a hundred thousand dollars uh two quest trade we will provide them with a five hundred dollar um apple store gift card that they can use towards buying an eye watch or um any other apple product and we can of course follow up with the specific details on that at any time if anybody's listening is that done on one purchaser 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 uh rebate yeah i think the the promotion is per account but again because they're you know we have a special relationship with guildhall if it's collectively among several accounts total equity a hundred k or more that is a promotion we will definitely honor that's awesome that's great now last question i have for you w before i let you go is why did quest trade 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 quest trade has always provided its clients the ability to hold precious metals and their registered accounts um we 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 if they so choose um but the 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 uh to date we've opened a lot of accounts with quest trade we've been up and running over this past year and it's been a lot of fun working with quest trade they they sure make life easy when it comes to holding gold and silver platinum palladium in uh 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 quest trade or in your opinion are things going well yeah things are going really well um this past year has been really really good um you guys are sending over some really good accounts and some good clients uh they seem to be really educated and um from what we can tell you guys are doing a really good job explaining the product and and the how it works and everything involved and we're 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 uh strong on on the point about serial numbers and and whatnot and and and quest trade's been so um generous with being able to provide everything that we were looking for and the result has been as 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 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 to the investor themselves it's just that's the serial numbers in the in the fund whereas with this with quest trade 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 all 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 quest trade is the only company that's doing that so um you know thank you for that and i think we're we're looking forward to 2016 the interesting thing is though we were 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 of 14 dollars and we go up to 25 30 dollars 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 you lift whatever account you have you can you're able to do this but you have to remember Gerald Solenti 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 it is a leap it is a leap it is a leap it is a leap year February 29th 2016 and and if you could shed a little more light on that i know the rsp's are december 31st correct yeah rsp's is the last day of the calendar year right um for an rrsp uh or like a spousal rrsp 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 30 second of February that gives us some time that gives us some time for the uh rsp and spousal rsp options and other options there but this does not give us much time on the rrsp 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 guild hall and get that ball rolling and you know i'll hold you for one more question duff because that's something i personally want to make sure people are clear on if i open up an account with quest trade do i have to transfer over my existing rsp account yeah that's a question we get a lot as well and uh 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 quest trade account and you're good to go likewise am i able to have an rsp account at my old institution and at quest trade 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 yeah excellent well thank you for coming in dove we greatly appreciate your time and of course i know in future shows you'll probably around and people will see you if they're attending the seminars with quest trade and guild hall we hope you have a good holiday season and once again thank quest trade on our behalf for giving us the time today thanks guys 18778 silver guildhallwealth.com is the website again a reminder till the end of the holiday season you're purchasing five thousand dollars us in rsp 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 am 640 the real money show on talk radio am 640 187 78 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 your baby the diamonds absolutely john i have to congratulate everybody that purchased diamonds this week um 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 us currency right now we're at 1.39 canadian to the us 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 advantage of the diamonds that we have um we spoke uh last week of 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 fantasy color diamond is the time to do it is really now um 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 percent that's an average of 36 percent 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 you know spend fifty thousand dollars right now on an argyle pink you're looking over the next ten years of return you know it could be almost a hundred and seventy five thousand dollars 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 colored diamond just to make it very very easy for you to understand how rare these natural fancy colored diamonds are for every ten thousand 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 uh 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 and tense 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 uh on the red carpet wearing natural fancy color diamonds this was one of the best kept secrets amongst 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 dollars 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 polishes that have this product it's 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 thousand dollars that's the start of diamond not everybody's got 50 or a hundred thousand dollars 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 you know every year an intense diamond which is a little deeper saturation is going to produce maybe 14 to 18 percent return we get into vivids which are almost impossible to find as i said now you're looking between 25 to 35 percent 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 we've sold all types of diamonds and i think this is going to the trend is going to carry into the new year one eight seven seven eight silver online to guildhalldiamonds.com i mean paul is absolutely right one hundred percent 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 collectable diamonds and of course as far as the future is concerned one thing i'd be remissed 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 forty fifty thousand 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 uh 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 a dollar 64 in credit market debt for every dollar of disposable income and that's up from one dollar in debt for every one dollar 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 colored diamond you're looking at a much brighter future so everything that paul is saying it's 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 right we can't put diamonds in in rsps yeah they're too well i don't know if we 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 colored diamonds it you could only 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 colored 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 colored diamonds and 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 colored diamond just not any natural fancy colored 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 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 for the investment so with guild hall 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 colored diamonds is investors are buying putting it 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 two million dollars or you're in a great area or you buy a house for three hundred thousand 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 percent of hard assets of gold and silver in your portfolio it's great to have a diamond and an RSPFSA and have gold and silver but go to guildhall go to guildhalldiamonds.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 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 1 8 7 7 8 silver online to guildhallwell.com is the number as we roll out here for another another show here a precious metal advisor the investor key you can get hold of that as well and more information how to get a hold of dove over at quest trade 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 five thousand dollars or more in RSP account the e-store depository and if you're purchasing a diamond of twenty five thousand dollars or more you will get a set of diamond studs to go on with it is the season of giving with guildhall some more of the real money show coming up next week have a great holiday right here on talk radio name 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 we'll have you jumping for joy hallmark channels countdown to christmas all season long only on w stream on stack tv