The Real Money Show
The Real Money Show - June 20th, 2015
And welcome to the Real Money Show, the number to start recording 1-8-7-7-8. Silver, grab the investor kit, the precious metal advisor as you should. And I want to remind you once again, Diamond's purchase between now and the end of July. I will be giving an immediate 10% off the purchase price back to you as a buyer to be placed in either a gold or silver bullion TFSA or RRSP account with Guildhall Wealth Management. More details on that in depth later on in the in the show. We always start with the updates. Guys, Jeremy and Darren, what are you saying? How's the week going? Not a bad week, John. It was a good week for metals. That's for sure late in the week. On third is we taped this show. We're preparing for the seminar, which if you're listening to the show will have already happened. But we are excited. It's a big turnout. We're expecting, and I think people are going to be very happy that they came to get educated about owning precious metals inside of an RRSP. So this is a good week. Metals, as we're speaking to you today, are both up. Gold is up about 1%. Silver surpassed the 1640 level early this morning and hasn't looked back. Again, that's based on news coming out of the US that once again, we're talking about interest rates and we're talking about where the economy is going, and we're talking about lowered growth expectations. Now, if you're a listener to the show, you know we spent a huge amount of time discussing whether or not the US really does have the legs to rally forward in the 2016. Our take on it is that this is simply a barrage of misleading information that's telling people one thing, but under it all, there is an immense amount of dust that's just sweeping through, and it's nothing from nothing which equals nothing as far as the economy is concerned. So we don't see those signs. We don't see the writing on the walls. Things getting better. And furthermore, we're starting to see signs everywhere leaking here and there that are giving us an inkling that you've got to protect yourself. Be very aware of what's happening in the stock market, especially the bond market right now. We're looking at big macro topics. We're talking about Greece. We've been watching that following it closely and it does look very likely that Greece will potentially exit the EU. They won't have a choice and their people are going to suffer certainly in the short term, but maybe just maybe they'll have an Icelandic outcome. We don't know. It's one country that's certainly fallen by the wayside and managed to pick itself back up. But we are talking about gold and silver, John, and the reasons to own these assets are very clear, especially when you're looking down the barrel and staring at these smoking guns as we are seeing in the US economy. So we want people to understand that the assets we own are physical, tangible, holding your hand, gold, silver, platinum, and palladium. Of course, later in the show, we'll talk about colored diamonds. But we are looking at news this week out of the US. And in particular, this week, there was an FOMC meeting. And in the US, that's basically a gathering of the central bankers. They get together to talk about policy. Of course, Janet Yellen's there. There was word that she was being asked too tough a question by some reporters. So she turf them out. And that's typical in this day and age. That's what you're getting. These are just questions about how the economy is going and what if any are the real, real true signs of growth. There are very few, if any. And really, what the FOMC did was just basically continue along the same line. They're going to keep rates low. That's interest rates in the US. And the whole topic of perpetual debt for perpetual prosperity is on the table still. So we are watching this happen. And again, the interest rates are going to be held low for some time to come. And that's nothing new. Our listeners know this. It's the reason why they own gold and silver. No real answers. The can gets kicked. Let's see just how far along we can keep this thing going. And in the interim, you've got countries all around the world continuing to accumulate physical, hard assets like specifically gold. But now silver, there's a huge article out this week that was discussing the fact that China over the next few years, just for China and India for solar power alone could take up as much as half of an annual production, which is what put that in perspective. Annual production is, I believe, around somewhere around a billion ounces. So you're looking at half a billion ounces of silver just for solar power alone. And of course, we also know that Russia continues to buy gold and their financial advisor to Putin has said that it's just for diversity. They just want to make sure that they're fully diversified. And so clearly, the risks are out there. People know what the risks are. The central banks around the globe know what the risks are. And Yellen is just biting time. And this goes back to what I've said before, which is, hey, look, we're in an economy that's great until it's not great. Everything's fine until it won't be fine one day. And are you prepared for when that happens? Every week, there's an article about, will there be another 2008 collapse? Will it be bigger? Things have certainly gotten out of hand in that regard. So I think there's a lot of things going on in the market. All you have to do is go to, you know, a zero hedge.com or something, you know, any alternative website just to get some other news other than the it's okay news that's out there, or we'll figure out the Greek situation. It's okay type of news. And if you just look behind the headlines a little bit, you would be very concerned. And this becomes all about, can you protect your capital? And that's what gold and silver have done for thousands of years. And if you add to that, the fact that we're talking about other assets such as colored diamonds, you quickly realize that the average investor really doesn't have enough fire power to understand these markets and all these macro indicators and signs that are telling us the economy is weakening. Rather, it's easier to put your head in the sand. But I would challenge anyone that's listening, that's investing any of their dollars to really get educated about where their money's going. That's part of what we do at each seminar we have. We talk about educating people. And it's a premise that we survive on at Guildhall. Now, what we do is offer physical gold, silver, platinum and palladium. And whether you're just the average guy who wants to buy some small bullion, make some small bullion purchases and take it home, which we can do for you. Or you're an accredited investor who would like to add a substantial amount of bullion to your portfolio, have it stored, visit it from time to time, know that it's insured and safe, and be able to trade that bullion. That's also an option. Now, in addition to that, and we get very excited about this when we talk about it, John, we've partnered with an awesome company, Questrade, and we're working with them very closely. And Jeremy, who's been spending countless hours just really putting the infrastructure for this together, it's paying off and dividends because people are coming through our doors now and they are wanting to hold gold, silver, platinum, palladium within their RSPs, their TFSAs, their RIFs, their RESPs. There's all kinds of options. They're Lyros. And this is an exciting time for Guildhall. So we want to welcome everybody aboard. Those that did come into the market this week added an RSP or TFSA account. And we'll talk more about it, John, when we get the numbers and things like that. But there's an awesome promotion on right now that can help people to get there one step closer. The number is 18778, silver online to guildhallwealth.com. And as Darren's mentioned in the past, make sure you sign up for the precious metal advisor, which is your baby, that and the investor kit to get started on physical precious metals, Jeremy. So we do have a promotion this month and through till next month, which is if you invest in a natural fancy color diamond, we will take 10% of that to go towards an RRSP or a TFSA. And so that's a great way to get started. Tell me more about the RSPs. Would you, Jeremy? So the way it works is we have a depository that we use. We talked about this on the show where clients can hold physical allocated, segregated, precious metals. They have the ability to audit it personally and very easy to buy and sell. And they can take delivery of the product that's outside the RRSP. And we're simply taking that instrument and adding it to the RSP portfolio. So now all you have to do is open up the RRSP account. And then you would simply use the same depository that we have, purchase the same type of product, which is physical. Mostly people buy Royal Canadian Mint product, whether it's Maple Leaf coins or 100-ounce bars per silver or one-ounce bars per gold. And it's very, very easy. Once your account has been established, you can purchase the physical product from Guildhall. It will be stored in the depository that's located in Toronto. And even though it's in your RRSP, you can still go and audit your own product and see that you own physical products. So as opposed to buying an ETF or any paper type of instrument, you're actually buying physical product, taking it out of the system, no counterparty risk. It's out of the banking system and it is controlled solely by you. So this is an amazing investment. We're seeing a lot of people very interested in it. And it's great to see people coming on board. And we didn't quite realize when we launched this, just how many people would be interested in owning physical hard assets in an RSP. And the same thing goes for the TFSA, yeah. Yes. And the benefit there, of course, is a lot of times when people purchase precious metals, they say, what about the capital gains? How am I going to deal with that? Well, hey, now you can do it in your TFSA and not have to worry. So if gold goes to, we'll talk about it later. If it goes to 3,500 or 5,000, there's some out there that say it could go into the 20,000 range. You don't have to worry about the capital gains in the TFSA. So this is, again, a remarkable way to finally get involved in physical hard assets. And by the way, we do provide the serial numbers to every client. 18778, silver, guildhallwealth.com to take advantage and learn more about what Jeremy just spoke about. I heard there's something about gold and Texas. Darren, what's that all about? Well, this week is an interesting topic because we've been talking on the show for some time about the topic of repatriation. And we've really not spent a lot of time dealing with it, but essentially in a nutshell, this is when it country, a city, a state, they call back the gold, which they had stored somewhere else in the world. A lot of people use the facilities that have been become world class throughout the US. A lot of bullion stored in New York. And of course, Fort Knox is something everybody's heard of, but they didn't. A lot of people don't realize whole countries have kept entire amounts of bullion stored in those vaults. And of course, and some of that's good faith. Some of that's, for economic reasons and others, others go back politically to decades and decades of, of, you know, partnerships with the US. But nonetheless, over the last four or five years, a number of countries from Venezuela, Germany, Switzerland, a number of them have called for repatriation of their gold from various parts of the world, a lot of which comes right out of the New York Fed. And the latest in this saga is the state of Texas. So believe it or not, the state of Texas decided to repatriate their gold. And when we get back from the break, I'll tell you all about that. And we'll, we'll talk more about that topic is a very, very important topic. We'll take that short break. One, eight, seven, seven, eight, silver online to guildhallwealth.com. Again, reminder you have until the end of July to take advantage of this for all diamond purchases between now and that time, be giving you back an immediate 10% off the purchase price back to you as a buyer to be placed in either gold or silver buoyant TFSA or RSP account with Guildhall wealth management, more details online to guildhallwealth.com. This is real money show more of it coming up and talk radio, the M 640 back more of the real money show. The number to start investing, you know it, one, eight, seven, seven, eight silver online to guildhallwealth.com. You can fill up that TFSA or RSP with physical buoyant as well. There's also Jeremy, guys, you guys have so many ways to invest in real precious metals. E store, easy, simple, do in your house coat. We have a slew of clients that like to buy, you know, 10 ounce bar of silver every week. And the best way to do that is to simply log on to the E store, you register. And on your, on your, after you've received your weekly paycheck or every other week, you simply buy a few ounces, whether it be some coins or you buy a couple bars. And it's also a great way for people to get into the market for the first time. There's nothing like holding the physical product in your hand for the first time when it comes to precious metals to say, ah, okay, I get it. I understand, especially when you look at something like a savings account that you might be getting less than two percent on every, every year, you say to yourself, well, gold and silver doesn't have to move up that much for you to beat that. And you don't have to put all of your cash in there, but it certainly does present a silver as savings idea for you. Why not, why not put $3,000 as an example this year towards precious metals that could double overnight, because we feel that that's the type of gains you're going to see. You're going to see a overnight gain in precious metals. I mean, look at today, woke up this morning and the price of silver jumped up 50, 60 cents. So this is a great way to, to get into the market, get your feet wet. It's also a great way for clients who like taking home delivery, they feel comfortable storing in a safety deposit box or using their own vault at home. We're very competitive on price. All you have to do is go to the website. You'll see that all the product that we have on the site is completely available. We have a very easy payment method as well. You can just contact us about that. And any questions you have, you can either email us or contact us, contact us straight through the e-store. So we're very excited about that. A lot of people are using it. It's the Guildhall e-store. And Guildhall wealth.com is where you'll find it, the number 18778 silver. Before we talked about that, in fact, before the break, Darren, we were talking about Texas gold and the repatriation. The Lone Star State used to be their own country. We went and now they want their own gold back, right? Who can blame them? That stems from a total amount of distrust of the way the system is. And listen, if things were great, the economy was proving these types of things don't happen when things are going along well. So this is a sign of things to come. This is following on the heels of other countries, like we said before, the break like Germany, Netherlands, Austria, Venezuela. There's a lot of countries that have called for their gold back to their own shores. Now, what's happening there is they've created a state gold depository. They're bringing it back from where it's stored right now at the New York Fed. They've made a move to get that out of there because of the distrust. This is an extension of what they're saying. I'm not saying that's a direct quote, but I'm assuming it's because they don't trust anybody. And they have legislation that's been put in place that will prevent the federal government from confiscating gold any time from any of their citizens. This also includes a provision that may lead to return to using gold as currency in that state and others. And you're seeing various Midwestern states that have been talking about this for a number of two, three, four years, Mexico as a country. They have long been talking about going back to a silver currency. And again, these are things that are highlighting the amount of difference between what the headlines are telling you is happening and what's actually happening. So this is pretty incredible right now to think that this could happen this day and age. And this isn't a historic precedent. This has happened throughout history back and forth. The pendulum swings between the bankers having control to the people having control. The ability to protect the dollar or give it strength is based on the discipline of printing money or taking it out of the system. It fails every single time. So one of the things as a quote here, former Texas Governor Rick Perry said, quote, we are telling the whole entire world that Texas has a billion dollars worth of gold. And then Governor Abbott added, and we want to attract business to our state. So what this is saying to me, I would interpret that to say, gold gives credibility. We're no longer finding that the US dollar gives credibility. And if we have gold in the state and we say we have a billion dollars worth of gold, that is strong credibility. You know who else is doing that? China, Russia, India. There's a lot of countries that are starting to move their pieces around the board around the fact that the US dollar cannot maintain strength in this. The idea of the emperor has no clothes. Eventually people wake up to that. And I can tell you every single day, we're just talking about the East or as an example. Every day, the price of silver and gold is very low. But we're seeing very reasonable, rational purchases of gold and silver, more so than I've ever seen in the length of time I've been in business in the gold and silver market. I can only imagine what's going to happen when the price takes off. And those who are not rational are dying to get into this market. My biggest fear is that the product just simply won't be available the way it is today. Repatriations, you know, it's one thing to say, China, Russia, that's an entire country, but this is one of 50 states in their own country. I mean, it's something to expect, call back to do. Of course, right? Of course, it's a good point. Not good old America. But it's a game changing proposal simply because it lies in the term system. If they make this change and they make it a state owned and operated system, they're going to make it feasible to use an electronic payment and settlement system that's denominated in ounces of precious metals. And that system will be barred from engaging in lending or leasing or speculative or derivative transactions. And it will always maintain 100% ratio of bullion reserves to the account balances. And at full scale, this has the potential to actually protect the state of Texas from any type of economic calamity that they might face because of an economic meltdown countrywide. So it's a very interesting moment. And given what we're seeing out there in the headlines, especially the talk of manipulation and precious metals, this is the perfect timing for something like this to occur. There's a lot of the manipulation. They call it manipulation. Of course, every bank is getting busted for some manipulation or other. The fact is, is that there is so much paper inventory of silver that is projecting the market to go lower. So there's this fake inventory of paper that's pushing the price down. Of course, that's pushing against reality that there's only so much silver out there. And as we talked about in the first segment, when you have China and India for solar power, that could potentially be taking up half a year's production of silver, it's quite extraordinary that we are where we are. And trying to push the paper price down in the face of reality can only last for so long. And that's why the rational buyer understands this, that we might wait another week, maybe another month, maybe another year before reality crashes into the fantasy that these banks are trying to maintain. But let's be honest, the reason they're maintaining that is because they want the US dollar to be strong. And if gold and silver were rising right now, they couldn't keep the fantasy going. So we have the opportunity to continue to buy gold and silver at the lower price here. Now, look, you're always going to buy enough to make you sleep at night. If you're not sleeping at night because you have so much, that's not so good. If you're not sleeping at night because you haven't acquired any, it's time to get into the market. So we can't tell you how much you should have. You should have enough that makes you comfortable. But when we look at the fundamentals, we know that the price is very low. It's very undervalued, especially against other investments that are out there. And when you look at the reasons why the market's low, it becomes an absolute no-brainer. So whether you're buying it through the East or whether you're deciding to store a large amount of product, not at home, but in the depository where you can audit it yourself and get your serial numbers segregated, allocated, or you, or you elect to use your RSP money or your TFSA funds, you can do it in all sorts of ways with Guildhall. One, eight, seven, seven, eight, silver, Guildhall wealth.com online, you can click on the East or while you're there. And he just, Darren, he just touched on that would be for all diamonds purchased between now and the end of July be giving an immediate 10% off the purchase price. Back to you has a buyer to be placed into either gold or silver bullion TFSA or RSP account with Guildhall. Paul, what do you think about the climate? How are you today? Good. Step 10, I'm just a little late. I apologize. I just think that this is a great opportunity. Silver, you know, moved up nicely this morning, you know, around about 30 cents. Gold was up as high as $27 this morning. Everybody was waiting for the Fed to come out with, are they going to be putting interest rates up? You know, what are they actually going to be putting the interest rates up? Quarter of a percent. Is it really going to make a big difference to anybody out there? It only matters when you're putting it up to three points. Then there's a jump like in Russia where, you know, all of a sudden it went to 12 and a half percent was the bank rate. You know, that is significant. A quarter of a point doesn't make a difference. It's the same thing. Every week we talk about Greece on the show. I mean, it's like Groundhog Day. It's the same thing. Week in, week out. They're broke. If it was, you know, a business, you know, the bailiff would come along, put a bolt on the door and they've finished, you know, give everything back for 10 cents on the dollar and start all over. It doesn't make sense yet. Everybody's back in Greece up and they're going along with this absolute BS. It's the same thing in the States. America doesn't manufacture anything. They just collect taxes. So how do you keep, as a juggler, all the balls in the air? Right now, the stock market over the last basically four years has gone up because the cost of money has been zero. But who has made the money? The banks have made the money and by, in most cases, fraudulent methods and they get fined. Nobody goes to jail, they get a slap on the wrist. Darren, how much was it? We measured it. Was it $200 billion in fines over the period? It was. Yeah, absolutely. And the only people that have gotten any jail time from this are all outside of the US system where this all began. So you got some different central banks in smaller countries where they've had some bank officials go to jail because of the problems. But in the US, no one. And you think, with all of the money that they're getting for these fines, that they could actually put together enough of a staff to go after and actually implicate some people. But they just, they don't seem to have the impetus to do it most probably because they're being promised jobs at the banks if they just keep their mouth shut. So these fines are billions of dollars that go to the Justice Department. What does the Justice Department do with this money? I mean, they're confiscating wealth or is it fictional? I mean, does it, does it just not there, is fiction? Yeah, that's true. You do see these articles that come out eventually where they say they were supposed to be fined $80 million, but turned out that the Justice Department only ended up with $20 million, that kind of thing. So we'll see. We'll have to see what happens. But speaking of Greece, though, the Greek people aren't taking this laying down. They are taking their money out of the bank on mass. There is a massive bank run going on in Greece. I think it's more from under the mattress because none of these people pay any taxes. Well, two billion euros within the last few weeks. So it's a lot. They're taking out a lot. And this starts to talk about the cash situation. There is a lot of talk in the blogosphere and alternative news about the war on cash because the banks are getting are very worried about that bank run happening anywhere else in the world, not just in Greece. So this becomes an us against them situation potentially in terms of the banks. This is an enormous topic. If you understand this, you'll understand why countries, whole countries are moving to own gold and silver and store them in their central banks. This is a system which is broken. It's not going to be fixed anytime soon. And when we come back for the fourth segment, next, we're going to talk about colored diamonds. But I want everybody to stay tuned because we're going to talk about why this stock market is overvalued, why I'm not investing, nor is Paul, nor is Jeremy in US stocks right now, and why the Fed is afraid to raise interest rates at this point in time. So hang on. We'll take that break. One, eight, seven, seven, eight, silver. The number to start investing in physical metals, go to guildhallwealth.com. Make sure you sign up for the precious metal advisor, get yourself an investor kit. And for all those purchasing diamonds till the end of July, immediate 10% off the purchase price back to you as a buyer to be placed in either gold or silver bullion, TFSA or RSP account with Guildhall wealth management. The real money show continues talk radio name 640. Back into the real money show, one, eight, seven, seven, eight, silver, guildhallwealth.com or guildhalldiamonds.com. Only pay attention to that website during this particular segment. And now we're talking about diamonds here for the next little while diamond purchase between now and the end of July. We will be giving you, or they will be giving you, immediate 10% off the purchase price back to you as a buyer to be placed in either gold or silver bullion, TFSA or RSP account with Guildhall wealth management. Paul, let's talk about diamonds, Jeremy. What do you got? Love them. Well, first, we had a, I know we talked about this briefly on the show and we didn't even get a chance to get it up to the website, but we do have to congratulate one of our diamond collectors who purchased the, it was just over one carrot, vivid yellow heart shaped diamond. Oh, we talked about that last week. Right. We brought it in. It was beautiful diamond. In fact, I was speaking with a few other buyers who were super excited about it because they wanted to put it into jewelry. They thought this is going to be something really special because I've never, I've never seen an internally flawless vivid yellow heart shape before. So, which is to say it's rare because we've seen a lot of them, but Paul will tell you the story, of course, but what our collector of Guildhall's diamonds did purchase it and it's a wonderful diamond and I'll let Paul tell the story. Yeah, you know, we're in the natural fancy color diamond business. Natural fancy color diamonds, you have to look at the word color. Color is the most important thing when you're buying a natural fancy color diamond. The other things about clarity and cut and caraway are extremely important. But the first thing that comes across is the color. It has to, a diamond has to be even saturated. It has to then have the fire in the diamond and that and the scintillation and that comes from the cut. Internally flawless is what we sell basically in yellows over a carrot, but we've now started to look at, because the internally flawless have become almost impossible to buy it, yet if you go to my website, I think I've got maybe 12 or 15 internally flawless vivid. Which is a lot. I've got probably 40 internally flawless yellow diamonds on my website right now. It's not because they're easy to find. It's just that we get the best of the product and I try to give my clients a choice. You know, whether you want a one carrot in a 103 heart shape or whether you want a 108 radiant or you want a 110 in a cushion or you want a 151 in a round. I mean, we have all these diamonds available. So we're giving our clients choice and to try to match their budget, whether they're buying a fancy or an intense or a vivid. But it's more than that because I watch you. Can I see you with this? If a good diamond comes along, Paul has to have it. He doesn't want anyone else to get it. So they all sell eventually. We've sold a few pinks in the last month and we sold the vivid. And the thing is, is that when you come across a one carrot, vivid yellow, I F and it's got the right proportions and the color is amazing, you grab it because it doesn't matter. Eventually it's going to sell. It's going to sell next week. It's going to sell next month. And if it takes a year, the price is higher. There's no use waiting around and it's a mentality that you have to have as a diamond investor. And why he snaps them up is because, and we've all seen it, if you don't snap it up, someone else snaps it up and that's lost money. So when it comes to acquiring diamonds, if we see something that's great, we have to have it. And that doesn't happen all the time. Case in point, we were at the JCK show last week, two weeks ago, and we saw five internally flawless, fancy yellows, all at once. They all looked terrible. Except for one, one, it honestly looked like an intense and it had great proportion and it had something different about it. Now, I don't know if the dealer was selling for some other, some other suppliers or whatnot, but we were able to find a beautiful diamond with really strong color and it had a fire about it. It had a certain appeal that the others just could not match up against. We bought it, we're more than happy to have it in the collection. I think it's a 1.65. Wow. Biggie. Incredible deal on it. It's a really well-valued diamond, perfect diamond for getting into the market for the first time because you're getting well over the one and a half carat point, which, you know, you get those magic numbers. It would look really large in a piece of jewelry. Anyone who saw it is going to instantly think it's an intense yellow, not a fancy yellow. Keep in mind that a fancy yellow has a look and feel like a watercolor. An intense, you can see the color from well across the room and a vivid looks, I would think, like gold. I mean, we talk about gold. Yeah, so intense yellows look absolutely fabulous in jewelry. So this type of diamond would look great in that. Another one that we did buy, if I may, is we picked up a vivid yellow. In this case, it was a VVS, but speaking of golden, the color on this diamond was golden. And if you're looking at the VVS next to an IF, it's imperceptible in terms of that. Well, it means very, very slight inclusion, yet the diamond is, you know, 5% lower in cost, but will appreciate at the same rate. Diamonds in the VVS, VVS1, VVS2, in vivid of unbelievable color, spectacular color, are still increasing as much as 30% a year. And, you know, we have diamonds that we've sold to clients and we reappraise the diamonds, and they are still doubling every four to five years, even though a VVS or a VVS purely on the color and the size of the diamond. We're excited about bringing a huge collection to our clients. I really don't care whether I sell a diamond this year or next year, because my inventory goes up in value every year. You know, whether it's a fancy that really honestly go up 8% a year, maybe 8 to 10% a year over a carat size. When you get to two carat, they may go up about 13, 14% a year. Intenses are going up an average of 14 to 18% a year. Vivids are going up from anywhere from 20 to 35% a year. We had a one carat. I was just looking through a client who bought a one carat vivit or a little over one carat, bought it for $25,000 in 2010. So five years ago. 55,000 today. Ooh, 50, 55,000. Because it's just, you know, it's like putting two cars together. You know, you can take, you know, two average cars. One's got no mileage on it, pristine, not a scratch or a dent, just as if it came out of the showroom. And another one that's been driven with 100k on it, and it's got some nicks and, you know, bruises on it. Would you pay the same price for the 100,000 mile kilometer car against something that's got low mileage and is in pristine condition? So we look, we really try to find the best quality. Every diamond we sell comes with a GIA, which is a Gemology Institute of America. That is a certification of the stone. It tells you everything about the stone from, you know, the color, the size, the table. If there is an inclusion, it's going to show you where the inclusion is. And sometimes it's not that bad. It's like having a birthmark. It's not a bad thing to have. The next thing that we give you is an independent appraisal, just to give you an idea of what the stone would be worth if it was lost or stolen, you know, the replacement value. It's easy for somebody to come along and say, I can give you that, you know, one and a half carat vivid, you know, people go to our website, other dealers that we know, and they get a customer and say, well, look what they're charging. Well, there's a difference between chalk and cheese. You know, it's as simple as that. You only get what you pay for. You know, the guarantee is that you're getting our expertise. We have a GIA diamond graduate on board that helps us grade every single diamond. When you're looking at diamonds in general, let's just talk about diamonds in general, specifically obviously white diamonds. The difference through each four C between the absolute best and the next one down is like watching the Tour de France and the person who has the lead is ahead by five kilometers. And then there's the rest of the pack. That's what it's like when you're buying diamonds with with the highest quality. They're so they come at such a premium above the next level down and the next level down becomes part of the pack. So for example, in white diamonds, clarity starts at or sorry, color starts at D that has no color in it whatsoever. That's you can get D E F. Once you drop down E F are sort of there. Once you go down to G and H, the price drop off is immense. And so why wouldn't any jeweler want to sell the G and H quality? Because the effect will be there. It won't be as perceptible to the buyer. They get the enjoyment out of the diamond, but the price was so much lower. When it comes for us buying the diamonds, we go for the best criteria every single time and those come at a premium. So when Paul's talking about someone saying, well, their diamond is, you know, 55,000 for this vivid. I can do it for 30. Of course you can. Of course you can. But you're you're making sacrifices all the way around. So is a half carrot yellow and investment just because you paid well under half of what it would cost to buy a full carrot? Not necessarily. You're not going to see the same sort of return because ultimately in diamonds, you're buying rarity and where your money should be going and the more money you can put in, the more you should be buying rarity with that money. The same thing about cut cut is like, you know, for for people listening men listening out there. It's like tailoring tailoring as soon. I mean, you can go and buy, you know, a suit off the rack. It's made maybe in China or made some in some country. It's not stitched. It's glued. The fabric is not as good. You know, they're not using the best of fabric and I use every single inch of that fabric to make a suit. And then when you go and buy an Ammani or, you know, a suit that's tailored, the cloth is fantastic, you know, like a Zania suit, you know, you're going to pay $5,000 for that suit, not like going to Moore's and getting something for $125 that's made a taxi cloth, you know, that's a dollar a month. Or like when we were in Hong Kong and we bought suits for three, four hundred dollars and everyone in Hong Kong has these perfectly tailored bad suits. Yeah, that's excellent. And that's what it's like. And it's no different in, for example, wine can have so many different types of wine creations. It must be good. Let's say Napa Valley, but why is same year when one one producers making something well more refined than the other? Yeah, it's like a bottle of Thunderbird versus the bottle of camis. Yeah, I got you. You got about a minute to go, guys. So what's the first step of wanting to get a diamond ball? Yeah, we've got a couple of diamonds. Actually, I don't they're going up on the website this week. One which we bought at the show is a 151 vivid internally flawless brilliant cut, which means it's round. It's evenly saturated. It's most magnificent. I've only seen three of these stones since that of quality since I've been in business. They're so rare, they normally take a 40% premium just because they're round. Most round stones don't hold the color. This stone holds the color. It's an unbelievable stone. We've also got a new product, a couple of pinks. If you go to our website, look at the pinks we have. We only carry VS quality, which is extremely rare. Most of the diamonds out there are SI1, I1, I2. We get every week four or five people that bought a diamond from someone else and paid an absorbent in price and come back to us to say, can you sell it? Because the custom, the place they bought it from doesn't want to take it back or is no longer in existence. It's a sub-shot now. You know, we are a family business. We're around for a long time. We're members of the NCDIA. We're also members of the Fancy Color Research Foundation, which has some of the high-end dealers in this foundation. We're respected in the business. We belong to the Better Business Bureau. We're a family business. We're here to help you and we want to make you money. Buying a natural fancy colored diamond is money in the bank. 18778 silver guildhallwealth.com or guildhalldiamonds.com. You can also bounce over to some precious metal. How you do it? This is how you do it till the end of July. When you purchase a diamond, you'll immediately get 10% off the purchase price back to you as a buyer to be placed into either gold or silver bullion TFSA or RRSP account with Guildhall Wealth Management. More of the Real Money Show coming up right here, talk radio, AM640. Back into the Real Money Show 18778 silver guildhallwealth.com till the end of July. If you are a diamond purchaser with Guildhall, you will be given an immediate 10% of the purchase price back to you as a buyer to be placed in either gold or silver bullion TFSA or RRSP account with Guildhall Wealth Management. Go to the website for more details and click on the E-Store to start investing in physical metals right away. Stock market, you're leaving here today, Darren, and buying U.S. stocks. Incorrect. Incorrect. No way, man. This is what we're talking about in the first segment, John. The problem is that this is perpetual debt being created day over day, hour over hour, second over second, the likes of which we've never seen before. And what they're using that as an excuse to tell the consumer is that this great method, they're printing money and it's happening all around the world and this is creating perpetual prosperity. Everybody can live freely. They can have all the credit they want and they can buy all the things they want. You think people will have learned? They didn't. It just shifts from one sector to the next. So instead of it being in the housing sector, now it's students. It's the highest amount of debt it's ever been and it's growing astronomically. But the truth is, we're not investing in U.S. stock market right now because it's way overvalued like most of the counterparts around the world. I will give in and I will say, yes, the major, the major stock market averages, they have been up as of the last four or five years, but year to date over the six months of the first six months of the year by every aspect of the marketplace, they're flat. So they haven't gone higher this year yet. Could happen if we get more of that creation. People could spend more, but reality is by nearly every measure, the stock market is still extremely overvalued and this point is not lost on our good friend, Miss Yellen and company at the Fed. As the Fed chair herself, she recently assented that the current value of stocks are quite high. Given this, the Fed must privately be fearful that even a small change in the Fed funds rate could serve as the needle that pops this massive bubble in the stock market. And if you want to know how overvalued it is, I'll get a little bit technical for a second. First, the median price to earnings or the PE multiple on the New York Stock Exchange equities is currently off the charts. If we're using this measure, the 2800 New York Stock Exchange stocks are at the highest level since records began in 1945. So that's one thing that's telling us stock market way overvalued. Adding to this, the sickly adjusted price to earnings ratio for the S&P 500, which uses real per share earnings over a 10 year period, is at a current level of 27.17. Now you say, hey, I don't care what's that mean to me in the grand scheme of things. Well, this is far higher than the long term average of about 16.61. And it is only slightly below the level of 32.56, which was achieved at the start of the Great Depression of 1929. So when you look at that from that perspective, I'm really afraid to put my money in that market right now because it could blow any second. And the problem that we're seeing is that if they want to go ahead and tell you that the system's getting better, well, the logical thing to follow is that interest rates must go higher. However, this can happen based on that because once that stock market is not going to keep rallying, that's the stalling moment. Now we're about to get second quarter GDP. And I'll bet you if I was a betting man and I'm not, but if I was a betting man, GDP is going to be lower. Once again, just similar to what it was in first quarter, a negative reading. And we all know in layman terms, you get two negative quarters of GDP back to back that spells recession. So what would happen if the interest rates went higher? Well, the US national debt alone, which is well over $18 trillion, each 1% increase in financing costs would be an additional $180 billion in interest owed per year. Now if rates went back to where we were in the US in about, let's say 2001 at about 6% interest on national debt would balloon to well over $1.1 trillion a year. And who gets that? The banks. I mean, it goes directly to them. It's not going to go to the little guy. The public, the public are never going to get a piece of this juice. And unfortunately, most people don't see it and don't know it's coming. Paul, you were just reading something our friend, Mr. Faber, also calling for a recession. It's been on this show about Faber, Mr. Doom and gloom. And he is calling for a recession. I mean, he is on CNBC all the time. He's saying that, you know, the US is in dire straits. And this is a quote, you know, directly from him. He says, I don't think the US economy is doing particularly well. The editor and publisher of gloom boom and doom report said, one of the problem is affordability and cost of living increases. For most households, the cost of living has gone up very substantially. And so their spending power is limited. In addition to that, if you took a look at the tax revenues in the US, corporate tax as a percentage of the GDP is especially is flat. However, what has gone up a lot as a percent of GDP is an individual taxes. So has some negative impact on the economy. In fact, Faber goes on so far to forecast. We could be very well be in a recession in the US within the next six months. And we've been talking about this, you know, the figures are kind of BS. The emperor's got no clothes. You can kind of go along with the stock market right today, the Nasdaq's up, the Dow's up. You know, nothing has changed in the world. Nothing geopolitically has changed. I mean, has Russia still got a problem with Ukraine? You know, is there a war, civil war in Syria? Is there a civil war in Sudan? I mean, have we got problems with Greece? I mean, everything is the same as it's been for the last year, two years, but you see nothing about the wars that are going on. They're all pushed to the back page. This is going to come to a head. And when it does come to a head and all these countries that are printing fiat currencies, they're going to be scrambling. And what they're going to be scrambling for is gold and silver, which is real money that the name of this show is the real money show. It's real money and they're going to be scrambling. And you're going to see a ton of short covering. We've seen silver today move up 30, 40 cents, gold moved up as high as $27. I will not be surprised to see gold moving up every day of $50, $60 and silver jumping at $2, $3 a day in the very, very near future. One eight seven seven eight silver online guildhallwealth.com. Make sure you click on the east door to start investing. The precious metal advisor is there as well. And grab yourself an investor kit. Well, let me just jump in. It's really important that you have physical gold and silver in your portfolio. You know, we recommend anywhere from according to your size, your portfolio, anywhere from 10 to 25%. A guildhall, we only sell physical product. We don't sell paper. We don't sell equities. We don't sell mining stocks. We don't sell certificates. We don't sell ETFs. We don't sell futures or options on futures. What we sell is physical product. A hundred ounce bar of silver weighs close to seven pound. When you drop it on the floor, you hear a clang. That is real product. The cost of mining last week, we had a guest on the show. He said very, very clearly the cost of mining has increased. They've made severe, severe cuts to try to keep a float. But you can only cut a suit according to the cloth you've got. You know, when you run out of cloth, you can't do anything anymore. You can't make a jacket with a pair of short pants today. It doesn't work that way. You need to have physical gold and silver. You can go to our east door, you can buy it, you can put it into a safe, secure deposit. Or if you don't want to take it home, you know, you're worried about home invasion or you don't, your insurance won't cover it anyway if you have a lot of product. If you put it in the bank, you're putting it into the banking system, you can't get to your product. You can't sell it on a phone call. When you have it with us, in the depository, it's safe, secure, segregated. Bar numbers are available to you. You can pick up the phone, sell it. I had a guy today. He needed some money, he needed $10,000. He said, "Can I sell some metal?" I said, "Yes, when can you pick the checkup?" I said, "It's available today." He said, "No, I'll pick it up tomorrow morning." We don't hold you up for seven days, you know, like institutions. It's there for you because the product is there. And that's the specific point that's most important to make John in this situation physical, is the only way, in my opinion, to own precious metals. And Paul's making extremely valid points. We're going to talk about it tonight. The seminar, if you're hearing this, it's already happened. So, congratulations to those that came. But again, we're watching very closely all these signs. They all add up to what we have said for the longest time, which is the headlines. You have to read behind those headlines. You have to read between the lines. You have to educate yourself about what really is happening in this world. And I'll give you a perfect example. The Fed's balance sheet in the U.S. has ballooned from over 800 billion before 2008 to 4.5 trillion today. And I mean, if you look at that in terms of where it's come from, I mean, it took a long time, 100 plus years, to just get to 800 billion. It took less than seven years to take it from 800 billion to 4.5 trillion. So, that's a big change. And in the same vein, the U.S. budget deficits have ballooned from less than 200 billion during 2007 to more than half a trillion dollars today. And what's more, these deficits are guaranteed to explode with the aging population. And the eventual mean reversion of interest rates and, of course, our national, the U.S. national debt has doubled from 9 trillion to over 18 trillion. These are all signs of writing on the wall telling you why not to invest every penny you have into that stock market. And if you sit in cash, you're going to be punished just as much because interest rates are completely a sham rate. Now, they're so manipulated. And everywhere in the world, you turn, you're barely getting anything for your money in the bank. And in many cases now, there are parts of the world that are charging you to put your money in the bank. Not only are you paying bank fees, but you're getting negative interest rates. So, they're taking from you. What are the alternatives? You've got hard assets, gold, silver, platinum, palladium, natural, fancy colored diamond. These are all excellent alternatives for you to protect your wealth, to keep building your wealth, and to ensure that future generations of your family and your hard-earned money are working for you. It's so easy to start as well. Just click on your story, right? Just one thing I wanted to add, John, to this Mark Faber, what he said in an interview today. He said, "I've also had this negative view for quite some time." Faber said on Wednesday, "But whereas before I expected roughly a 20 percent correction in the market, which is nothing to compare to where we came from, at this point, I would expect something more serious to occur." He's calling for the markets to come off severely, and two-quarters of negative GDP is recession, and he's calling for that, and he's a pretty, pretty smart character. We've had him on the show twice, and we look forward to having him on again. Protect yourself. Hard assets is the way. 18778, silver online to guildhallwealth.com. Pick up the precious metal advisor and investor kit. And again, till now the end of July, if you're a diamond purchaser, we'll be giving you an immediate 10 percent off the purchase price. Back to you as a buyer to be placed in either a gold or silver bullion TFSA or RRSP account with Guildhall Wealth Management. This has been the Real Money Show, a talk radio AM640. What if you could have a streaming service that added new shows and movies every day, 365 days a year? Tune in on Monday and watch traumas like Fight Night, The Million Dollar Heist. Tuesday, watch reality shows like Top Chef Canada, and Wednesday enjoy comedies like Ted, and it just keeps going and going every single day. No matter when you tune in, there's always new entertainment for you to discover. Stack TV, new shows streaming every day. Try free, applicable membership required. Restrictions apply.