The Real Money Show
The Real Money Show - November 21st, 2015
and welcome to the real money show the number to start investing you know this one one eight seven seven eight silver online to guildhall wealth calm check out the east or in the top right and how to use your rsp room and other funds to uh to get into some physical metals as well want to start the with this daren uh special currently going on right now an offer as a matter of fact with any diamond purchases of twenty five thousand dollars or more uh you will get a free set of diamond studs compliments of guildhall diamonds for instance if i look at the guildhall diamond's website and i go to yellow you have a beauty up here for instance does this apply the uh 1.05 vivid yellow cushion cut i f a beauty john it's a beautiful oh diamond it's a gorgeous uh example of what we think will be a fantastic way to not only please somebody that you love in your life but also to make some money and we're starting to show this week with that because as you know you and i were talking off air and you were kind of moonlighting there doing a little bit of viewing yourself so i was who knows who knows what's going to be happening but uh i also heard uh through the week i mentioned on uh some other shows we won't mention and you're talking about arghals i like that right i was pretty excited to know the knowledge it was i was very excited about that and it's good to hear that people are actually paying attention and as you know doing the show with you now for a few years that's uh it's a big huge plus for us so thanks very much and yes this is an offer that is extended to december 31st it includes two beautiful diamond earrings they're studs and i'm sure whoever gets these will be extremely pleased so if you were thinking of finding out more about investing in colored diamonds this is a total make sense offer because in addition to getting that diamond and perhaps even putting away that diamond you may not want to have it made into a piece of jewelry you're going to get the bonus offer which means somebody's going to get extremely happy and that's uh that's a win-win situation so we wanted to highlight that before we get into the show this week and we wanted to make sure everybody knew about that and uh that's something that we'll have ongoing now between uh here and all the way right until uh december 31st of this year so that's a fantastic offer now if we switch gears and get into guild guild hall as wealth as opposed to kill the diamonds we'll get into the discussion of gold and silver and what we have this week our gold price is sitting now at $1,081.90 while silver is sitting at a comfortable 1426 both metals down slightly week over a week and i will start with what i think is probably a piece of pertinent information about where we're heading there has been weakness and this week we saw no adjustment or change in the fed interest rate in the u.s they met on wednesday and of course the news was to keep the interest rates the same although the appetite for raising those interest rates is growing and i can guarantee you that the talk right now in the town is that by december 31st they will have risen rates by one uh one small 25 basis point jump which is a quarter of a percentage point and i think that's the way we're heading i believe this news is built into the gold and silver market already and we're going to spend today's show talking a little bit about uh the headlines versus the realities and you know that's one of my favorite topics john we spent a great deal of time focused on bringing the truth and the reality of the situation that we're in economy-wise to the folks here that listen to the show the real money show so let me get started this week with an article from none other than peter chef who is CEO of europe pacific capital and on tuesday he wrote at cmbc.com and went on air discussing a lot about what's happening in economy right now and urging people not to have or allow themselves to have the wool pulled over their eyes he talked about the september jobs report which was released in early october and it was so universally dismal that it managed to convince the majority of investors the federal reserve would not raise interest rates in 2015 but we know that that's not the case because as we uh do this show today i just mentioned to you they think that interest rates are probably going to be rising in december and since it's widely believed that gold rallies when interest rates stay below the rate of inflation it is not surprising that in the two weeks following the release of the report gold rallied from a multi-year low of around uh i guess with about 1115 around september 30th to about 1185 on october 14th which was just under a six and a half percent gain but as the article says sentiment didn't last a number of pro-rate hike statements from fed officials a supposedly hawkish statement from the fed's october meeting and a better than expected october jobs report released in early november convinced the vast majority of investors and economists that a december rate hike was firmly back in play this sent gold right back down hitting a multi-year lows of one thousand seventy five a decline of over nine percent in just two weeks now we are coming off of a very significant situation john as you all know the world media has reported it at large this is a very tragic couple of weeks that we've been through with this terrorist attack in paris and it did uh have an impact on markets locally we saw that it's spurred a rush of gold buying on monday of this past week showing that investors are still very quick to turn to gold during times of uncertainty but it wasn't enough it didn't hold the price and it didn't certainly push it back up towards 1200 which is a price i'd like to personally see if we get that 25 basis point hike in december many analysts are going to tell you headline wise it could be the nail in the coffin sending the medal down to who knows where but we're going to spend the show talking a little bit about information that we know uh to be the case uh you know with respect to what's happening behind the scenes and a lot of that relates to what we must let you know is what we would consider historical new historical norms for the gold and silver market one of those is the demand we see physically which we've talked about ad nauseate seen sometimes on the real money show here but if you're watching these markets at large you'll note that there is a significant and i mean super significant uh spike over the last year two years we're now back to 2010 demand levels prior to seeing the price of gold rallied in 1900 over 1900 and the price of silver to over 49 dollars an ounce in coin demand so this is telling us that despite the lower price the back end sentiment that you know represents basically the baseline hardcore buying public and investors at large around the world are seeing this as a significant opportunity to load the boat on physical gold silver platinum and palladium all of those prices have weakened yet the demand from a coin perspective has risen we can add to that by telling you that at guildhall we continue to have some delay in acquiring product now most of that stems from the fact that in fabricating product there are only so many fabricators around the world there are only so many mints around the world and that means that the demand has been level it's been hard to satisfy and in fact there's been continued rationing at all of the world mints the u.s mint is one of the most notable and we are going to see what i think by the end of december will be the most historic year for gold coin and silver coin uh demand the world has ever witnessed so this is a special moment in time one eight seven eight silver online to guildhallwealth.com shouldn't you just be buying monthly anyway cost averaging as paul likes to say just just keep it up and you know ten years from now then look at it when you've made your money right what's the fastest growing segment of our population of investors john it's people that come to us and say hey how can i make it so that i can create an atmosphere and of investment with your firm that's you know similar to what i would make in terms of my monthly contributions to rsp's or to my different funds that i own outside of rsp's and it's very simple the the ability to do this has become very easy in 2015 we have authorized debit agreement forms that any client could fill out and they could purchase at a whim and have those funds just debited directly from their bank accounts and this is a growing thing that's happening and these are monthly deposits these are you know quarterly deposits that people are making it's really up to the buyer and they can also sit with some cash in the bank if they like you know it'd be non-interest bearing but they can be prepared you know putting 50 a hundred five thousand ten thousand aside every month to make a purchase as the price proceeds to get better and the other part of the business which is growing dramatically right now is the contribution side which people are getting rsp's of any sort whether it's an rsp riff lira's tfsa accounts then the list goes on and on rsp's which is a big one right now especially with the christmas rush this is another huge segment of guildhall's business which is growing dramatically and this is a leaps and bounds effort that the firm has had to make we've had a number of seminars which our listeners have either attended or know of and of course we've had a tremendous amount of success in getting people to understand not only fundamentally do you want to own it here but there are vehicles which will give you additional bonus shall we say in protection like the rsp or tfsa so that can be done through guildhall we have a great partner that helps us with that and uh i urge people to call and certainly get more familiar with that it's a very simple thing you can go to the website also fill out the form and request more information on that and as far as getting something in there accounts can start very small you could start with a few thousand dollars uh in in either silver or gold or a combination of both and sky's limits i mean this week the range was from blue collar white collar mom's dad's we had a grandpa starting an rsp for a grandson and uh of course investors ranged anywhere from around four or five thousand dollars of input right up to investors this week that we're spending you know in the hundreds of thousands of dollars uh putting together gold or silver tfsa's and so that's an interesting week and it tells you that there's a broad cross-range of people that are coming in depression metals right now and again they're seeing what we're seeing john they're hearing the headlines and and they're looking for the truth behind that and we're going to spend more time in the second segment but again i have an article right here from uh coin update november 16th it's called silver eagle bullion allocation lower after last week's sellout and it says after several weeks of providing more american eagle silver bullion coins than the market could absorb the us mint saw its total allocation of 1.1 million ounces scooped up by authorized buyers last week that number included 107 uh 107 500 ounces left over from the previous week and this week's available allocation which will get uh no such boost from prior on sold inventory so this week the mint authorized purchasers will have to make do with less than that 1.1 million down to 900 000 ounces the lowest allocations in september and they are limiting sales primarily on american eagle 1 ounce silver bullion coins which we have in stock we have a great deal right now 16 dollars and 50 cents us per coin and uh you can take up to 500 at a time and that's available to the buying public we've pushed that out there and had great success with that and of course there are other mints that will be reporting continuing to report now as we come to the last portion of this first segment here i want to let people know when we come back we're going to talk about an incredible thing that's happening right now for those of you that have ever heard of the company called overstock.com yeah i'm going to talk a little bit about why this is an amazing article but needless to say guess what they own they own gold and silver and i'm going to tell you how much they owe and it's stored and hidden in utah when we come back and that number to get started is 18778 silver online to guildhallwell.com reminder when you purchase a diamond i go to guildhall diamonds as well to see this collection ahead of time you purchase a diamond of 25 000 or more you will be given a free set of diamond studs compliments of guildhall diamonds we'll take a short break lots more of the real money show coming up talk radio am 640 and back with more of the real money show you want to get the phone call happening 18778 silver online to guildhallwell.com and if you're over on the diamond side guildhall diamonds you purchase a diamond or 25 000 or more you'll get a free set of diamond studs compliments of guildhall diamonds again guildhalldiamonds.com for lots more details than that overstock.com is where we left off daren details we did and it's one of those things that's a side effect of finding out more about the gold and silver industry but if everything's so rosy and we're going to talk a little more about that why on earth would a company like overstock.com have 10 million in gold and silver hidden somewhere in utah but it's true the online retailer is told the public now that they are hoarding gold and food to keep their employees paid and fed if the financial system collapses now overstock if you don't know they're best known for selling discount merchandise online but the company has basically got another trick up their sleeve and they're holding somewhere in utah in a holding facility that's unknown to the public 10 million in gold silver and food product for just an emergency such as the one we've discussed could happen now i'm not a firm believer in it and most of the people we talk with aren't firm believer in it but again this just goes to show you that we're not the only ones who think like this it's not just the individual here is a public company that is actually thinking about this they're out there in public they have a huge brand a huge presence a huge foothold and they have 10 million worth of gold and silver just sitting there they should look at natural fancy colored diamonds i think they should that would be a good idea and if they bought one before December 31st they'd get a diamond they could get a whole lot of studs that's right i think there's a lot of fruit cakes in the states more than there is in Canada but they're a little nutty out there middle of utah 10 million dollars worth of food gas masks and gold and silver and we know that there's a depository in utah of course but if you look at the you know if you look at the economy and let's look at the u.s today as we're recording the show on Thursday jobless claims dropped five thousand but it's still at two hundred and seventy one thousand people are on unemployment once after you know i think it's ninety nine weeks in the states once you fall off that you're not looking for a job anymore then you go on a welfare and that is even higher and then the food stamps let's talk about food stamps is a good thing one in six people how many people are on food stamps in the states more than there is population in Canada so 40s 47 and a half million are on food stamps men women and children who distributes the food stamps well this is where you want to start thinking about where to go through JP Morgan JP Morgan that's that's i mean that's interesting seriously if you're if you're looking to pick a stock i mean that that might be where you go that and mcdonald's if anybody wants to know more about that situation i highly or you could just go to mad money yeah you go to my money like you can walk in mad money and figure out how to invest no me prince we've had her here on the show she's a fantastic author she's a former banker and she will tell you plenty about the connections between the banking institutions and the various people who run parts of the government so it's is there mr. salint is favorite bank ism yes no capitalism press to choose and bank ism that's right anyway i look at these figures and it to me it's and i look at the economy and we were just having lunch with our rep that looks after our chorus radio account and he just said to us you know bell is just laid off a couple of hundred people in the same media business doesn't it tell you things are really not that good out there i feel like i'm in a poker game in the markets and i've been told it's a crooked game and my answer is i'll get up when i break level i'm never going to break level if it's a crooked game and this is what we're in and we're in a crooked game the stock market is being bolstered interest rates are zero we've got this thing that the Fed has been messing around for is it like 86 weeks since they've been 86 months since they've raised the interest rates it's a joke everybody knows that the interest rates will have to go up a quarter percent maybe not even a quarter percent maybe 15 basis points just to keep everybody happy it's a one stop and nothing's going to happen for another year we were talking about ponzi schemes it feels like a ponzi scheme you know the only place you can if you've got money where can you put it you can put it in the bank and you're going to get maybe if you get a g_i_c_ you you got a half a million a million dollars you maybe get just under one percent for your money inflation's got to be accorded into the government two percent maybe closer to six or seven so you're minus four five percent if you put it in the bank you can put it in real estate and real estate's done exceptionally well you can put it into the stock market now somebody said the other day one of the on one of these uh business shows why would you put money in gold and silver when you can get a dividend of three and a half four percent on your stock well it looks like the stock market if there's a correction you're going to lose a 30-40 correction we've had it in the gold and silver market we've had our 40 and 50 and 60 correction we're at the bottom they can't take much more away from us than they've already taken you look at the oil business they've done their they're worst they're best to bring that down to forty dollars a barrel you know two years ago a year ago Russia invaded uh Ukraine and Crimea you know Putin was not just tapped on the wrist he was smashed on the wrist they almost ruined their economy now the US wants to be their best friend and will you go after ISIS that's another another story but if you look at where we are in the economy gold silver oil all the commodities have been smashed down yet the stock market has risen to all-time highs you look at real estate real estate money has been very cheap to put into real estate every bubble everything nothing goes up like a rocket ship everything that goes up has to come down and when there's a correction it's severe last one in first one to get hurt and there's going to be a correction coming in the stock market it could be 20 30 40% when it does happen if you look at the US economy and we talk about the US economy on this show because it affects us in Canada since Obama's been in power which is you know seven years the debt has gone from six trillion dollars to 18 trillion dollars now he's doubled up in seven years what it took 170 180 years to go to get to that amount he's done it in seven years how do you pay back 18 trillion dollars never mind the other debt that's out there social security in medicare which is about another 180 trillion dollars does anybody know what a trillion dollars even looks like if you were born in biblical times Jesus times and you spent a million dollars a day you wouldn't go through a trillion dollars if you took a football field the US Canadian football field hundred yards took a pallet loaded it up with hundred dollar bills two pallets higher filled that football field up put a the White House on one end and put a 747 jet on the side that's a trillion dollars 18 trillion dollars is an awful lot of money how do you pay 18 trillion dollars off in debt you have a war or you devalue you you actually steal the money from the public and that's what you do by depreciation if you look at all the currencies around the world today you know if you look at silver silver trading at fourteen dollars and change golds just under eleven hundred dollars but if you take it in foreign currencies whether it's in yen whether it's in euro whether it's in pounds all these currencies have been beat up between 15 to 35 percent over the last year so the US dollar is strong how long can that keep up this is an unbelievable time to buy gold and silver we've been built we've been beaten up 50 60 percent in in silver gold you know another 40 percent it can't go any lower it cost a production is is what they're selling it for it's a great time to buy gold silver whether you buy at Guildhall if you want to open up a TFSA an RSP that's available to you where you can actually put gold and silver in it we do this through quest trade that's our partner in this business if you want to own physical and you want to buy it you can buy it directly from Guildhall you can go to our eas store you can buy you can pick up whether you want to buy a 10 ounce bar or you want to buy a hundred ounce bars or you want to buy thousands of ounces you can buy gold or silver through the eas store if you want to if you don't want to take delivery of the product and every product that we sell is deliverable within 28 days minimum or maximum I should say that you can have your product but through the eas store it's available to you when you want to pick it up you can also put it into the depository which is safe secure allocated segregated and we give you bar numbers nobody can give you the bar numbers nobody can give you the service that we can give you a Guildhall 18778 silver online to guildhallwealth.com question for you Darren crash 2008 the first asset to recover what was it price metals golden silver were the fastest to the recover absolutely the stock markets took you know better part of the next decade to recover and are still doing so and have you know more recently in the last 36 months have reached above what their highs were back in 2008 but gold and silver recovered the fastest and there's no two ways about it that was just a situation that developed and it it happened over time and we saw it coming we talked about it the show before that happened we told people to be careful with their money as we've done before but you know this is the bottom line what paul is talking about is an extremely important message because the republicans who now control congress quietly passed a budget that completely suspends their self-imposed borrowing limit in the u.s. they didn't just raise it by a few hundred billion they removed the cap entirely for two full years and many expected that republicans would oppose the increases but they joined in with the full charge and congress you know if people don't know the history of money congress has raised the debt ceiling 74 times since 1962 and when faced with the choice to tighten their belt or spend more 100 percent of the time they've chosen to spend more how long that can happen i don't know but it all adds up to the u.s. dollar imploding and not my friends is the most difficult thing to face as an investor as somebody who watches the economy somebody owns gold and silver i don't want our world to fall apart but the fact is that i have insurance if it does and in the meantime hey there's nothing wrong with one in gold and silver for so many reasons so let's let's put that into some context in the 60s the u.s. is paying for the vietnam war they got to print a ton of money right so they raise the debt ceiling to help afford that by the time the early 70s come around the debts that they owe which remember their money is tied to gold at that point they don't have enough gold to match the amount of money they've created and people are asking for their for their gold because now all of a sudden gold is cheap compared to the debts so what do they do they close that window they make gold float they continue to print money and gold as the canary in the coal mine over a course of 10 years goes from essentially 35 dollars an ounce to after the collapse of the high goes to 350 dollars an ounce so from 35 to 350 forget that it hit 850 which was a maximum purchasing power remember at that point the u.s. dollars no longer on a gold standard they can print as much money as they want by the time bush comes into power they stop telling you how much money they're actually printing all you really know is how big the debts are growing so what we have currently occurring right now is they're trying to defend that dollar this idea of a strong quote unquote strong dollar policy which is an empty dollar policy is what it actually is and so how long can the Ponzi scheme go if you knew that bernie made off was a Ponzi would you invest in it as paul was talking about a crooked card game you know that fiat currencies is a big Ponzi scheme how much longer can that go on for doesn't matter where the price of gold is you want to own something that has no counterparty risk whereas every fiat currency when you agree daren has counterparty risk every one of them there's no two ways about it and i'll tell you what i love about gold and silver cannot be printed like money when we come back john i want to go to color diamonds we always do in the third segment in the fourth segment please stay tuned because we're going to talk about what it costs right now to pull an ounce of silver out of the ground on average and why if the economy is so good in the u.s our hedge funds energy companies and large retailers imploding one other thing before you we close off i'm going to stretch it just for a minute um when we get back to silver and we're talking about solar power and i don't know whether you brought it up um last week on the show uh because i wasn't here but silver is being used in solar power it's such an unbelievable amount and they're creating more and more solar power which is going to take silver out you know just crazy prices it's going to go up like crazy but for the simple reason they're coming up with some story they say they can use aluminum aluminum you can't put into solar power it doesn't hold the heat it doesn't retain it and therefore you've got to go to silver and we've got an article um somewhere i'm going to bring it up if anybody's interested is what how much silver is being used in solar power um and how over the next five years it's going to actually eat up all the inventories that are out there in silver just an interesting thing that i came up with one eight seven seven eight silver guild hall wealth.com is the website since you mentioned or at least you touched on diamonds where we'll go in our next segment uh dara now until the end of the year twenty five thousand dollar diamond purchase through guild hall diamonds you will receive a set of diamond studs compliments of guild hall lots more of the real money show coming up talk radio am six forty back with more of the real money show one eight seven seven eight silver online to guildhalldiamonds.com you spend twenty five thousand dollars or more on a diamond with guild hall you will receive a free set of diamond studs compliments of guild hall we talked about that at the top of the show didn't we daren it's a good deal paul what's going on it's an unbelievable doing we've been we've been very very successful offering it we always normally do it round about holiday time it's a further incentive uh the studs uh you know a retail lever about seven eight thousand dollars i bought a series actually i bought a package of uh one half-carat diamonds which we put into earrings they're gorgeous diamonds they're all uh fng uh vs quality and uh they make stunning stunning sets and uh anybody that buys a colored diamond at twenty five thousand dollars this is just a bonus that you're getting and it will make some lady very very happy we were looking at uh this week and last week some prices that colored diamonds were fetching at auction and what comes up is that if someone is paying forty eight million dollars for a blue diamond is an example and i'm sitting at home or the customer sitting at home client sitting at home and saying well what difference does that make to me you know i don't have forty eight million it's not gonna you know change my lifestyle i'm still gonna do what i'm gonna do but it gives us the opportunity to to realize that these diamonds that are they're going into auction are fetching phenomenal prices whether they've been held in families for twenty thirty years maybe fifty years um it was the best kept secret of the wealthy and royalty they bought the stones whether they were ten carat twenty carat thirty carat stones and put them into jewellery or kept them as separate pieces every stone is the goes into auction is a magnificent magnificent stone it's normally an internally flawless for people listening out there don't know what internally flawless means it means there is no inclusions within that diamond so it's flawless or their vvs quality now normally when you see a pink or a blue and it comes out in at a internally flawless it is so rare um that that's what puts the value so when you see a diamond as for example last week a diamond sold for almost four million dollars a carat forty eight million dollars that's an incredible price and this reflects on the diamonds that we sell we can't go out and sell to our customers fifty minute we can but not everybody's got fifty million dollars tucked away to buy a diamond so we take the same diamond but instead of selling a ten or twelve carat we come come in at a one carat or a two carat which makes it affordable but one of the best investments that you can make from the natural fancy colored research foundation as an example pinks over the last ten years and this is taken from auctions this is taken from wholesale as this is taken from retail this is taken from quality stones i'm not talking about si one si two little fifteen eighteen pointers i'm talking about stones that are caught of a carat and above vvs quality going up to ten twelve fifteen carat stones have gone up an average of three hundred and sixty one percent in ten years that's a thirty six percent return a year that's what pinks are doing right now vivid yellows of increasing twenty five thirty thirty five percent the same way they're so hard to find vivid yellows of internally follows quality has become a hardship i want to just talk about the pinks for a moment because uh a point two five or a quarter carat pink or in anywhere between that quarter carat up to half carat three four years ago you would have been paying in the low twenty thousand Canadian for it and today you're paying in the mid to high thirties for the same diamond we're talking about again a point two five pink intense vs quality so you can see in the last three years or at least we can see and we're more than happy to show anyone in a diamond discovery session these type of numbers you can see how much uh even a small pink diamond has gone up but what's also interesting when you're when you're showing pricing and price increases to customers is the difference in price as well between a point two five to something that's over half a carat in a pink i'm not talking over a carat but to be able to buy a pink diamond in the let's say high thirties once you jump over a fifth half carat point five zero you're now looking at a diamond that's over a hundred thousand dollars and that's a diamond that again is less than point seven five it's just over a half a carat so what's really interesting and something that anyone who's looking at natural fancy colored diamonds or diamonds in general is that little things can make big big differences you know a one carat fancy yellow and that can help paul go into yellows here a little bit might cost shy of fifteen thousand but the same internally flawless good proportion similar cut diamond if we move up in color to an intense from a fancy to an intense you're now looking into the mid 20s 25 000 plus and if we move into a stronger color like a like a vivid more saturated same thing one carat internally flawless good proportions similar type of cut you're now looking at a diamond that's over forty five thousand dollars and so you start to realize very quickly that in natural fancy colored diamonds you're buying color color color is the most important and in fact we just brought in we have some some new fancy yellows coming up onto the website and the color on these are absolutely gorgeous and and you'll see a couple of them coming this week you won't get diamond studs if you do buy the the fancies because unless you buy two fancies good golf there you go but again when you get into an intense i mean i like intense diamonds and i like vivid when i buy you know natural fancy color diamonds on a color scale um the gia which is a geology institute of america they don't grade on a one to ten scale but i tend to so if i look at a diamond and i say you know this intense is a nine or a ten they a gia they may look at that diamond and say you know that's a vivid one to ten like on a on a lower scale it's a vivid though i though it's classified as an intense i'm looking at the high color saturation so when i buy a fancy um that fancy looks like an intense when i buy an intense it looks like a vivid it's all about the color first the second thing that we look at is you know the the clarity and also the cut um and the carat weight as jeremy was saying you know a quarter carat pink you know goes for thirty thousand dollars a half carat and in purposely pink an algal can be you know a hundred and fifty thousand dollars for the simple reason you have to look at the algal mine as an example in western australia they produce 90 percent of the world's pinks yet it's only one tenth of one percent of their production they produce lots of you know diamonds that are brown white for industrial purposes but when you get into the pinks they've got to go deeper and deeper today that mine that pit is closing in around about two thousand and eighteen and the diamonds are pulling out of that pit right now they have to go deeper and deeper and the stones are smaller and smaller initially it was like grabbing uh that low hanging fruit when they first opened that mine the bigger stones were on top it was easier to get to it's awfully costly to bring those stones out we buy every stone in us dollars and what's happened as well with a dollar being around about one thirty three you know a hundred thousand dollar stone becomes a hundred and thirty three thousand dollars the way the canadian currency is going at the moment it could easily reach a dollar fifty a dollar sixty two so if you bought a diamond last year you know for fifty thousand dollars that stone has already gone up thirty odd percent to sixty five thousand without even an increase in the value of the diamond so this is an unbelievable investment it's a hard asset that's going to if you're looking to retire or you're looking to put your kids through university what a great way to put something aside for five ten fifteen years we will help you with the sale of that diamond when the timing is right one eight seven seven eight silver online the guild hall diamonds dot com daren what i'm watching when i look at diamonds the world over is what are the markets doing in terms of supply and demand and we know from demand perspective in our own firm alone is the test that the demand is arising dramatically we've gone from a couple of investors purchasers per year when we first started the idea the concept we've gone to dozens and dozens and dozens of investors coming in every year to buy colored diamonds and on the supply side we've gone from what conceivably in the first few years we did this was a supply of diamonds which was fairly plentiful but the grade of diamond that we have at the firm was not to a supply in 2015 which is almost unattainable we cannot find the quality that we're used to getting in larger numbers maybe two or three good stones per month is now dwindling down to a couple of really really fascinating stones every quarter and we're adding diamonds here and there where we can paul's had to get creative with where he travels the people he finds that are in the business we've had to find better suppliers bigger suppliers we have to go to more shows and more places in the world both Paul and Jeremy have been to Asia and all of this comes down to a very important point if you want to as an investor make an educated purchase on something that we believe is going to turn a profit year after year after year after year some may be different some maybe more some maybe less colored diamonds is the way to go almost at least once a week maybe once every couple weeks we get someone contacting us who's purchased a diamond from somewhere else and there's always a lot of promises that they've been given um the diamonds are never near the quality that guildhall has they must have got excited at some point got involved and then did their research after the fact we've all done that it is very important at guildhall that we educate the client right out of the gate for as long as it takes for them to understand that this is a hard asset it's an alternative hard asset the we have to teach you what the four sees are so that you can see this quality so you can understand the quality that guildhall has and the transparency goes even further so that we can show and understand that all of the diamonds that guildhall has it's already owned by guildhall we already invested in those diamonds and it goes on and on we want you to really feel comfortable with the the purchase that you're making that it's something that you're really going to want to hold on to for five well more than five i would say 10 15 years plus in order to really get amazing returns we see we see the gains every year but it multiplies down the road the the massive gains come at the 10 year mark if you can hold on that long if you've invested let's say somewhere between 25 to 75 000 the larger the diamond the less the more invested then the less time you would need in that market so and you know of course money makes money i'm always amazed that people that come back to us where they've purchased a diamond was from a company and the company has told them they're going to make 30 percent in three months for $1,500 and they're buying something the simo so my newt and such inferior quality that they fall for the story because what they're going to be doing is they take in a stone for $1,500 someone's going to call them up and say i'll give you 17 50 1800 2000 for that stone but i've got this stone for 15 000 that's worth $1,500 and they get suckered in and this is what happens it's no good for the industry that's why we belong to the ncdia that's the national color diamond association we belong to the fancy colored research foundation these are foundations and agencies that govern the selling of natural fancy colored diamonds we go out of our way to give the best quality show the best quality and maintain this quality so that the clients that invest make money that they don't get called in schemes and scams and it's important then when you buy a natural fancy colored diamond you get a gia which is a gemology institute of america that's the certification of the stone we give an independent appraisal we give you a certain amount of time money back guarantee we've been in business a long time we back up our product we only sell the best product every product that's on our website we own there's no bait and switch one eight seven seven eight silver online to guild hall diamonds daren well i was just going to say we're about to break and when we do come back we're going to talk price the pole silver out of the ground right now as we're taping the show and why it is that so many hedge funds energy companies and large retailers are currently imploding when they're telling us the economy is doing great we'll wrap up the diamond segment uh this week with the special that is you spend 25 000 or more on a diamond with guild hall you will get a free set of diamond studs complements of guild hall diamonds again one eight seven seven eight silver online the guild hall diamonds dot com the real money shelf talk radio am six forty and back in with more of the real money show one eight seven seven eight silver online the guildhall wealth dot com just another recap with diamonds you spend twenty five thousand dollars or more on a diamond with guild hall get a free set of diamond studs complements of the company uh during the talk about pulling silver out of the ground before we took a break give me some details on that well it's important because when we talk about supply and demand there goes a bottle falling over there that sound effect but when we talk about supply and demand it's the fourth in uh our row of fundamental components to why we're investing in gold and silver along with the us dollar and the threat of inflation in geopolitics supply and demand is probably the most important fundamental we can discuss i read recently that there is a growing portion of the industry which is convinced that it cost very little because of a barrel of oil having come down so far to pull these assets out of the ground and the truth could is you know so far from there and i'll tell you why i read this week and this is somebody that i trust that i personally read on a weekly basis steve st angelo with the srs rocker report he estimated that the average break even cost for the twelve largest primary silver producers is seventeen dollars and sixteen cents an ounce and that was in the first quarter of this year because he has all the data since then the cost of oil has fallen slightly but the revenues silver miners are getting from sales of base metals and gold as byproducts are also declining the all-in cost of producing an ounce of silver is likely higher than 1750 at this point in time yet the spot price of silver as we're taping the show right now is trading at roughly fourteen dollars and twenty five cents so how does somebody exist in that environment john and still call themselves a producer if what they're producing is losing money they don't which is why you're going to see the end of this year in the last quarter numerous reports come across the table as to why production is falling and why we can't meet the demand we already know allocation is happening across the world and all the mints we know the paper prices suppressed it's far far less on paper than it should be we should have a price right now in silver closer to thirty dollars an ounce based on what is a fair profitability on these twelve major miners now that being said Jeremy's going to charm in here too but it leads us to the next point and we'll go there in a second okay well i did want to jump in we did discuss this with david morgan um you know oil prices being down can help the price a little bit but let's be honest uh the the whole commodity sector has been has been beaten up as paul would say pretty hard but what's also interesting uh just in looking at the price and we know that that things are are really low right now which is which is an advantage i want to add two things to this one is the currencies people don't appreciate or haven't looked at what gold and silver have done in the last year even with the last few weeks pull back in prices with the fact that the canadian dollar has dropped with the fact that low prices has created higher premiums on the market you add two things higher premiums lower currencies and you get higher prices doesn't matter that gold or silver are down in the last couple weeks they are more expensive to buy today than they were a year ago not even considering the mining situation right now so you have to understand why you're buying it it's a hedge against currency devaluations which every currency around the globe is doing right now because you can't add debts forever without lowering the value of your currency because you're gonna have to pay back those debts somehow and by the way you the listener right now is going to pay back those debts and in taxes and the government's going to come after you with inflation there no one's going to confiscate any gold they've already confiscated your wealth by inflation let's just settle that right now okay now the other thing i've noticed in the last three weeks with this pullback in precious metals is that there has been a conscious effort somewhere out there to try to put out articles to try to make it look like the precious metals should be falling in prices for example china found some gold and deep in the ocean something like seven hundred tons which we know no one in the world besides china is going to keep that gold so it has no effect on gold prices glen core is selling to silver wheaten at 20 cents on the dollar for silver well there's only so much they're going to be able to sell at that point and it's not going to help silver wheatens bottom line and then they came up with and paul was talking about this this concept that they can replace aluminum in in solar power you know what i call boulder dash on that because if you can turn tin into silver and water into wine then you're probably able to walk on water at the same time too you know it's just it's a whole bunch of bs but yet all these type of articles come out to try to scare people and then they're probably going to pull out um you know that other guy who says gold can go down to two hundred dollars an ounce it's you know it's it all of it's a complete farce the fact is is the reason you're buying gold and silver is because there's no counterparty risk because if you look at what you're getting in your savings account you're getting less than one percent okay it's going to cost you 1.25 you're not going to get a dividend on gold and silver you're also it also can't go much lower than here either and it's only going to cost you six and a quarter percent to store it for the next five years if you don't think that silver can go up by a hundred percent in five years and it might take four years and ten months before it makes that jump just to prepare everyone it could who knows we're in unprecedented territory but the fact remains that in the next five years silver has the ability to not only go to thirty two dollars an ounce but to go to fifty a hundred you know when you do the math and look at the ratios of debt to gold and silver we could be in the four hundred dollar range just based on how much debt is in the world and what that price should be to match that value you know guildhall we give you some different options when you want to buy gold and silver if you want to put your product gold and silver into a TFSA or an RSP is a registered account if you put five thousand dollars in the account open an account we are governed on this by a quest trade they are the custodian of the account but all the purchasing is done through guildhall you open an account five thousand dollars we're even going to give you a grammar gold to for every five thousand dollars that you put in to that account so whether it's an RSP or a TFSA every ounce of gold or silver is LBMA approved it's the top notch product you can visit your product it's allocated to you we give you your bar numbers you've tried doing that with any other financial system out there where you buy something and you can go visit it you know Darren does a lot of seminars for us and one of the questions he asks all the time who owns any type of mutual funds any type of funds do you know what you own you know nobody knows what they own when you go on gold and silver it's in the depository it's safe it's secure it's allocated segregated you get the bar numbers if you want to buy a gold and silver you can buy it direct for immediate delivery through our easter go to guildhall wealth top right hand corner click on you can buy if you want to use our depository where you're buying over 500 ounces of silver for example the weight is about 35 pound you don't want to be carrying that you need to put it in the safe secure depository and that's something that we offer the last thing we're going to talk about today before we begin the show was if the economy is fine why are so many hedge funds energy companies and large retailers imploding it quickly this week in less than 24 hours both black rock announced that their asset fund which is you know a huge four and a half four point six billion dollar an asset hedge fund as well as achievement asset management to the chicago based hedge fund both of them announced they were closing that doesn't happen in a good clean environment further that you've got energy companies that are being blown apart because of the low price of oil we went below 40 dollars a barrel in west texas intermediate this week and the prognosis is not good in the short term medium term for oil back down potentially as low as 26 dollars a barrel which is a terrible thing because it's worth so much more than that and again when you're looking at retail numbers keep watching these sectors i'm watching and i'm seeing that uh already best buy and walmart talking that these could be very very tough times the holiday season this year and you're going to hear a lot more news about this and it's all adding up to the same thing ensure your wealth ensure your wealth ensure your wealth if you don't have these types of assets and when the time comes and you need them you won't be able to get them as you were talking about people companies imploding um Berkshire Hathaway Buffett's uh company he's not doing as well this year and there's a guy that really really knows about the business about long term investing though at one time this guy used to own silver um and gold who knows what he owns today but uh he hasn't had a successful year go to our website go to guildhall look at the options to own gold and silver as i said whether you want to go in an rsp tfsa whether you have a lift all types of different pension plans we can offer you um and as i said it goes through quest aid they're the custodian we do all the purchasing and you can buy and sell on a phone call and again if you spend over five thousand like paul said you will get one gram uh maple leaf coin including with that as well and as i've been touting all shell twenty five thousand dollar purchase of a diamond or more you'll get a free set of diamond studs courtesy of guildhall diamonds again the numbers one eight seven seven eight silver online to guildhall wealth dot com has been the real money show talk radio am six forty 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