The Real Money Show
The Real Money Show - March 7th, 2015
and welcome to the Real Money Show hosted by Guildhall Wealth Management, a show about the incredible potential of owning physical gold, silver, natural, fancy colored diamonds and what they can do to protect and make you money in these turbulent times, ways to get a hold 1-877-8 silver, the website guildhallwealth.com. While you're there, pick up the precious metal advisor, which Darren will talk about in just a bit, an investor kit. And as well, for this month, I want to mention until the end of March, if you purchase 100 ounces of silver, you'll get 1 ounce of silver, throw it in with every purchase. That is till the end of March. We always start Darren and Jeremy with the week that was and the update anyway. So, update me, basically. Well, listen, the bottom line is that silver and gold remain in a great position. For buyers, you are looking at a $1,200 gold range right now, who we tape the show on Thursday, and in silver at $1,620. So, again, both metals look very poised to move forward from here. They both weathered some additional storms this week with respect to currency fluctuations around the world. And we don't want to waste too much time getting caught up in where we are pricing-wise, suffice it to say, as we've told our listeners time and time again, this is the accumulation phase of the next cycle in this peak in pricing. We do expect that over the medium to long-term, both gold and silver will be incredibly higher than where they are right now. And if you continue to let the wall be pulled over your eyes, you will continue to make the same investing mistake. So, now's the time to pay attention. Listen to what other experts have to say about these types of investments and get knowledgeable about what to do in common sense investing. Now, this week, I want to touch base on a couple of things. And right off the top, I want to talk about currency for a minute, because there's been a lot of currency turmoil around the world. And what few people will know about this is that, in fact, over the last 12 months, the only two major currencies that gold has not gained ground in are the U.S. dollar and the Swiss Franc. Now, the Swiss Franc, we know a little bit about it. If you're a listener to the show, we'll have discussed it at great length. The removal of the peg that the Swiss currency used to have against the U.S. dollar, it's now free-floating. And, of course, it fluctuated dramatically. But they expect that there could be a weaker forecast and economic GDP for the world global economy. And, of course, as a result, they're trying to stabilize their currency. So, at this point in time, knowing that it's forged forward in every other major currency, including the Canadian dollar, we really want to examine what the first couple of months of 2015 have meant to this market. And we've seen turmoil in the currency markets extend from Russia and Ukraine right into the heart of Europe. And that's essentially where the problem has lied. The central banks are now open 24/7, and they are fighting this currency war and deflation. And, again, this is something we expect to happen. We know that there's not deflation in every corner of the world. In fact, we know that there's inflation happening in many, many things that we buy on our day-to-day trips. But against this backdrop, precious metals have been on the rise in terms of all currencies, except the Swiss Frank and the US dollar. Now, if you look at it from the perspective of what we're seeing going forward, I don't anticipate there being less fluctuation and less turmoil in the currency markets, quite the opposite. I anticipate there will be a very high degree of fluctuation in things like the US dollar, Canadian dollar, and other various currencies that we're close to. And as a result, I would want, if I was an investor, to be making sure my portfolio is backed by an asset like physical gold or silver. And it's curious, because we would say that gold is doing well in these certain currencies, except for the US dollar and the Swiss Frank. But in actual fact, it's that those currencies aren't doing well. They're losing value. And it's gold that's just holding value, wouldn't you say? Well, again, it's the key thing to consider here is actually twofold. One is exactly what you're saying. And the second is, where does it lie in relationship to what my currency value is right now? For many people calling in, they'll see a lower price in gold, and they'll automatically assume because of the exchange rate, it's not for them. They'll say, "Hey, I'm going to wait till the price of gold gets higher." But what they don't realize is by the time gold traverses up to $14, $1,500 an ounce, it may cost them 30, 40% more from that point based on where the currency is heading. Knowing full well that most of the major countries around the world are country included are more than willing at this point in time to prop up their currencies. The expectation that they're going to continue to fight this battle should be well in place. And again, this is why I would add gold and silver at this particular moment in time. It's to me, you look at anyone who might have purchased gold, let's say silver trading around $22 to $23 an ounce, which it's been actually over a year and a half, two years since that happened, that since the Canadian dollar has dropped 20% against the US dollar, people holding bullion at that point are break even. No difference. They are, that's right, because of that currency fluctuation. So it's an interesting topic of discussion. But again, if you look, even since January 1st, the following central banks have announced interest rate cuts or other monetary easing measures, the European Central Bank, the Reserve Bank of Australia, the Reserve Bank of New Zealand, the Monetary Authority of Singapore, the central banks of India, Canada, Denmark, and Sweden. And in fact, on February the 12th, the Swedish Ricksbank announced a surprise rate cut from zero to below zero. And this, they say, is to ensure that inflation rises towards the target. Now, the Ricksbank is prepared also to quickly make monetary policy more expansionary as are most central banks, but they're joining a great large number of central banks, which are now basically having their investors pay for the privilege of lending to their broke government. It's insane. We don't live in this world. Again, we're very close to it, but in Canada, we've never experienced that, at least in recent history. And imagine you went and took your money to the bank and you actually had to pay to put it in the bank. I mean, we have rates and we have fees that are associated with transactions. But imagine just for the privilege of holding your money in the bank, in the vault, you have to pay. No, forget it. I mean, and look at, look at the percentage of what the banks actually have to carry in relationship to what they actually hold on paper. It's ridiculous. It's less than 10%. So if I have for every thousand dollars, I have to actually physically hold less than $100 in real paper currency in the bank. So don't even know where my money is. When I own gold and silver, I know exactly where it is. I know the serial numbers. I know where the bars are. I even know how they sit on those skids or how they sit on those racks when they're being stored. I know where my storage is. And I know how to sell and buy it. It's better than a savings count, in my opinion. And you can easily rationalize paying a storage insurance fee to store your physical bullion because you're storing actual bars. You're getting the inventory of those bars. You're getting it insured. Whereas if you're having to pay to put money in a cash in a bank, you don't get that cash back if you even deposited the cash in the first place. Then if you look at the insurance side of it, how much are those banks actually insured? Because if you look in the United States, they do not have enough money to cover the insurance. So if more banks started going under. So again, you could rationalize actually paying to store your physical bullion. That makes perfect sense. But to pay to store my fiat currency seems the most crazy thing I might have ever heard. And it just goes to show what a crazy time we're living in. And that anyone with a bit of rationality should start to say, well, wait a minute, maybe I need to start preparing here for when the music stops. And this is going to go down as one of the oddest and probably most irrational asset bubbles in history. Because right now, as we speak, trillions, and that's not hundreds of thousands or millions or hundreds of millions or even thousands of millions, that's trillions of dollars are now tied up in debt instruments that are promising to return less than the invested principle. So imagine you go in to buy some gold and the guy selling you the gold says, okay, sir, I'm going to make a couple of promises. One, it's going to be physical. Here are all of your serial numbers and everything. And the second is your purchase price today, including everything is going to be $1,000. And I'm guaranteeing you in four years, it's only going to be worth 800. And you say, okay, great sounds fantastic. That's fantastic, right? But that's what it's coming to many parts of the world. JP Morgan issued a report just this past week that said $3.6 trillion in government bonds around the world now carry negative yield rates. The $3.6 trillion that they're just hoping won't lose will only lose the bare minimum. Not too much. When did that become acceptable? Yeah, why do people accept it? When could that possibly have been acceptable that, hey, we're actually going to guarantee you a loss? How does that feel? How does that sound? And investors are happy with that. Well, you'd think that most institutional investors would have gotten wise by now and started adding these types of assets we're talking about to their portfolios, but they haven't. Because we haven't accepted in the West that gold is an alternative as a hard currency to cash. And yes, it does not have a guaranteed dividend. It does not have a guaranteed interest rate, but it's there. It's tangible. And over time, the lessons we've learned tell us it holds its value. One eight seven seven eight silver guildhallwealth.com. Make sure you pick out the precious metal advisor law, the articles and stuff you hear Darren talk about on the show are in that advice. So just how do we get it? How do we get ahold of it? Oh, you go to some right now, you go to guildhallwealth.com. You'll see just under the pricing, you'll see the precious metal advisor to sign up. And it comes once a week. And we just put in some of the key articles of the week. So it's a great piece of information for anyone that wants to stay up to date or start to learn about the market. Because at the end of the day, you're not going to learn a lot about this market, just watching the price. How do I get some gold? I want to get it right now. There are two ways. The first is you can contact us by phone one eight six six two seven four nine five seven zero. We can certainly help you just purchase your physical bullion over the phone. And of course, answer all of your questions. People always have a lot of questions. It is a new market for many people. And we're more than happy to accommodate. Or you can go online. You can go to guildhallwealth.com right in the top right corner. You'll see that we have our E store and you can log on there, register and place your order that way. Now, we also have the RSP coming, which we're hoping will be ready by the end of March. So that's something that you're interested in. You should definitely give us a call. We're using the same platform that we have for our depository, which means within your RSP, you're going to have segregated, allocated physical bullion, which is held outside the banking system. But within your RSP, and you can go and audit your product or look at your product and count your count your bars by appointment. So this is probably going to be the best way to hold physical bullion in your portfolio. Please feel free to contact us. Let us know that that's something that you're looking for. And we'll make sure to keep you up to date as we're getting through the process, which we feel should be ready by the end of this month. Darren got a question for you as we go into the break. And that is what happens if inflation picks up. We'll get to that after a short break. The number of the meantime to start investing, you heard Jeremy give it to you. One eight seven seven eight silver online to guildhallwealth.com and start investing today. More of the real money show coming up right here on talk radio, AM 640. And back with more of the real money show, the number one eight seven seven eight silver online to guildhallwealth.com. That's where you want to start investing on online precious metal advisor, get an investor kit while you're there. Darren, I asked the question before we took a break. What happens if interest rates go up? Well, if interest rates start to rise and inflation inflation sets in even modestly, they have a two percent about their bouts target in both the European and US central bankers have that's been pretty much the standard rate of inflation they've seek to have, then basically bonds issued at rates of below two percent will all be losers. The two year treasury note yields only about 0.63 percent and even the recent 10 year yield of 1.98 percent fails to match the federal reserve inflation ambitions. So in this environment of ultra low nominal yields or even negative real yields, precious metals, physical, bullion, gold, and silver as a reserve asset look very attractive. And many central bankers around the world will agree and are busily accumulating gold because of that. And according to a report issued by the World Gold Council in February of this year, governments around the world added 477.2 metric tons of gold to their reserves in 2014. And that's the second biggest in 50 years. Now, if the central banks, these are the people that we trust the most to make economic policy to decide what should happen with interest rates, should decide what to happen with mortgage rates, should decide what to happen with our bank policies that drive our global economies, are adding an asset like gold to the central banks. What does this tell us? Are they leading us astray? Why are they not giving us this information? Why when you walk into your bank, does your banker or your financial planner at that institution not give you insight on this? Well, they do. They just do it in pay-per-form. And it's the worst form, in my opinion, that you can hold. We want to hold this asset in its physical form. But getting back to what we're talking, when inflation fears return to the market as they eventually will, precious metals will become one of the premier asset classes to hold. And even now, they're performing better than virtually all other world currencies. And the end game is just insight now. It's becoming part of the regular discussion. And you're getting more and more people talking about it. This week, I saw an article from none other than Mark Cuban, the famous billionaire and very wealthy sports team owner. Some people may have seen him in various TV shows, but everybody knows the name. And he's talking about this being a bubble which will be far worse than the tech bubble of 2000. And when people like Mark Cuban who are kind of interesting characters as it comes to global economic policy because of their wealth, when they start talking like that, you better listen up. Because sure as heck, they've already taken precautionary measures to protect themselves against what they perceive to be a problem. So if they're telling you publicly that they see this as being one of the biggest bubbles that could rival the tech bubble of 2000, make it even look small, rest assured they've already made the decision to go in another direction or try and protect themselves. And that's interesting to note because if we look around the world, it's not getting any better. The things that we expected to get better just aren't. And again, we've been week over week talking about one in particular topic, which is of great interest to me as it relates to the rest of the European Union. And that is the country of Greece. It really knows we've brought every weekly update in the latest news out of Greece is truly a head scratcher. After agreeing with the Eurozone to a four month extension on their debt plan, this new plan to get from here to there. In my opinion can only be described as completely insane. I've never seen anything like it in my life. In order to roll over the current debt, Greece plans to borrow from public pensions. And that is the most dangerous game you can play if they thought that they were at there were potentially going to be riots back when this happened initially with Greece and austerity measures that took place and the amount of cutbacks that had to take place and the job loss and the unemployment. I can only imagine what will happen if they mess this up. They had a T-bill, a T-bill auction yesterday. We're taping the show on Thursday. So this was Wednesday, which was supported by funds from their public retirement fund. And the method employed was comical. What Greece has decided to do is basically pledge securities into the repo market to raise cash. Now this cash is then used to bid at auction and the new funds then are used to pay down past debt. Do you see how that works? We're going to borrow more money to pay down the old money we already borrowed. Peter to pay Paul. Exactly. Nice. So while business is good, put it this way, you live a little better than you should. You live a little better yet than you should. And finally you gain some wealth and you gain some standing in your community. So you join the local country club, similar to what Greece did when they joined the European Union, right? You're going to get in there and use their currency and you're going to live it up a little more. Life is good, man. You're enjoying this. You're having fun. Thanks, water. Right. And all of a sudden it blows apart. The currency starts to lose value. And the smaller, weaker countries start to fall apart. Greece is a perfect example. Their debt load is way too high. They've restructured a number of times. They've now got another four-month extension. And this is really just the tip of the iceberg. John, this is why countries around the world are moving to own gold and why investors should be doing the same thing. Because for us to sit here and think that countries like ours, our great country of Canada, can't see the same thing happen would be foolish. Why even chance it? I can imagine how many people are listening to our show right now who otherwise had been in the stock market many times. But never, ever have they had such a difficult time now as they had before trying to buy a stock, trying to guess what the next great thing is. Don't try to guess. Own assets which are going to protect you. Own gold and silver. The numbers 18778 silver online to guildhallwealth.com. Well, you're there. Pick up that precious metal advisor, Darren writes. You've been here speaking about it. He knows what he's talking about, right, Jeremy? He absolutely does. He teaches me something every day. He's very well versed on what's happening out there in the markets. We want to stick to the fundamentals though. Gold and silver are a store of value. Despite what you see in the price day in day out, we're very myopic in our views that way where if it's not moving for me today, forget it. What we really want to do is look at the long term and how gold and silver have worked long term against currencies. Currencies are in a very tenuous state right now. In fact, there was just an article out that showing that there's a billboard in Singapore showing that the renminbi, the Chinese Wan, is saying that they're the next world's reserve currency. So they're already touting it. And we already know that the US dollar, while it looks like it's strong, it is based around the idea of the petro dollar and more and more countries are starting to not utilize that. So paper currencies are in a lot of trouble. When it finally starts, when the first domino starts to fall, you don't want to wait till gold and silver have already jumped up 20% to finally make that purchase, which is why you're not going to learn anything from watching the price every day. There's just nothing to be gained. And this is why it's so important to get something like the precious metal advisor, where Darren writes articles almost weekly in that as well as compiling articles for the precious metal advisor. What a great way to learn about the market because you're not going to learn a lot about it from the major news networks until it's just too late. Darren, a little article you threw me here. I want to run it by you. So you want to get into this. That is the five sure signs the US economy is finished. Like you guys have been talking about for a year and a half, right? Well, these are the headlines versus the truth, John, you're right. The signs and the writing are on the wall. And again, I would argue that if you look at even the headline features of the economic reporting, you'll find the data, you just have to be willing to research and do a little bit of looking into it. One of the signs that's surely very scary to me is that in recent CNN Exapoles, 78% of Americans said they are worried about the economy with 69% saying economic conditions are not good. And 65% of those people believe the country is on the wrong track. Now, far be it for me to suggest I know better than those people or that the economic minds that run these central banks of the world are by any stretch of the imagination, lesser of a mind than me. I'm just looking at it from a pure perspective of are people happy? Do you get the sense that when you walk around, people are going out there and spending disposable income, they're making those trips happen for their family. They're getting out there and spending the extra buck on the the items that they may not need, but they can afford to buy because disposable income is at its all time high. That's not what we're seeing. In fact, right now the gap between the gap between the high and low income groups is the widest it's been almost 100 years in North America. And the share of US consumers who call themselves middle class has never been lower. And that's adjusted for everything that brings us to present day. But those aren't the only signs. If you look at home ownership in the world's largest economy, the US, it continues to plummet. And again, we saw a small uptick from 2001 to about 2008 give or take. And then it's just started to go down now. And homeowner vacancy rates are still very high. They're very consistent. People are just giving up their homes. But in addition to this, we're also seeing real wages that are falling. And the real wages is a real clear sign that the economy is not picking up full steam. I mean, just think of the number of people you know who have you've seen, you know, socially or otherwise friends, family members who have touted the best security they've ever felt in a job who have come home and told you, I just got the job of a lifetime who have come home and told you they're going to make over 100,000 next year. How many people do you know that are actually doing that? Well, maybe in the early 2000s, things seem pretty good. You know, we were speculating in many areas real estate among them, being one of the chief reasons why our economy was driving itself higher. And of course, that, you know, came to somewhat of an abrupt end when 2008 had at least in the US here in Canada, we haven't really experienced that. And I still see signs that people are touting real estate, real estate, real estate. It's among other things, one of the good assets that you can own long term. There's no doubt about it. But to think that we can still speculate by buying now and flipping in a couple of years or even a year from now, we might be sorely mistaken. I'd be moving to better assets than that. And there are all kinds of things. But one of the other things is the real wages and they're falling. The numbers 18778 silver online to guildhallwealth.com to start investing. Darren, keep going. Well, median inflation adjusted income last year was $2,100 lower in the US than in 2009 and $3,600 lower than average in 2001. And according to recently released data from the Social Security Administration, 50% of all American workers made less than $28,031 a year, while a whopping 39% brought home less than 20 grand. Those are scary numbers. Can't survive on that. That's, you know, you're falling close to the poverty line and some below. And the percentage of people in the workforce has dropped too. It's dropped all the way down to actually 62.7%, which is matching the lows set back as far as February of 1978. A remarkable 92 plus million people are not in the labor force. And do you know how they get around that, John? The headlines? It's really simple. They change the way they measure it. So that now, if you're a person who may be able to work, but have run the course in terms of your social assistance, have run the course in terms of your welfare applications and basically cannot find work, you're no longer counted. You don't count towards that participation rate. Yet the participation rate, as we used to measure it, is at one of the lowest points in history. And Canada is started to do the same thing. It's scary. If you don't own the right assets, how can you plan to protect your wealth? Pretty scary news, man. Here you are, I think in the whole time, the biggest issue in the States was legalizing marijuana. Not so much, right? No. Well, we'll take a short break. The numbers one, eight, seven, seven, eight silver online to guildhallwell.com, a reminder for one ounce of silver. You'll get that one ounce of silver for every 100 ounces purchase till the end of March. Take advantage. More of the real money show coming up. Talk radio AM 640. And back with more of the real money show, the numbers one, eight, seven, seven, eight silver over to guildhallwell.com and a reminder the special on till the end of March one ounce of silver for every 100 ounces purchased through guildhall. So I want to get into diamonds here, Jeremy. And I should mention this, I was at the mall the other day. And I walked into, ah, name of that store, jewelry store, expensive high end. You walked into an expensive high end jewelry store. Exactly. We don't need to advertise. I can't remember who it was. Right. But as soon as you walked in the door, the place kind of goes around about 40 different cases. And right in the front case, as soon as you walk in the door, they're displaying natural yellow diamonds. So you can see the popularity now. I mean, I would never go there because there's three security guards and nice lighting and cappuccino. So they're overheads killer. But I'm just saying popularity wise, everybody's waking up because it's the first thing they're showing you when you walk through the door. Yeah, it's yellow diamonds, right? It's beautiful. It stands out. It's different. Definitely a definitely on trend. Yeah. Type of in type of jewelry to have. I know for myself, when I was searching for a diamond ring for my fiance at the time, now my wife, we had, we just had fun. We went to all these different stores and experienced what's out there. And one of the things I noticed was that finding a really good quality white diamond was really tough. Forget color diamonds of various quality, just finding a quality white diamond was tough. And to even know what that is, we encourage everyone to come to Guildhall, look at the colored diamonds and learn what a good diamond is to begin with, learn what those four C's are, not just what they are, but what they mean. And what I noticed was when we went over to colored diamonds, it was, whoa, whoa, whoa, we can't just show you those over the counter. We have to put on the white gloves and you have to come sit over at a different table. And then finding out what type of quality it was, I'm just kind of shaking my head to myself. Because hey, you're just, you're just some guy. They have no idea who you are or what you do. Right. Right. That's the best part. Right. So, but you know, it wasn't the point. The point was just to say, to say, oh, you know, what's out there, what kind of, and this is jewelry, these type of stores are going for effect, pure effect. Does it look beautiful? Is it going to make her feel special? That's what they're looking for. And as long as you get that, you might be willing to spend any price to get that, just like, you know, people don't buy Ferraris just because for the price, they buy it because what it's going to make them feel like. Prestige car. It's a prestige car. And God knows they're not going to let the engine out. You know, they're not really going to find out what it can do. But on the other hand, with colored diamonds, if you are buying the quality and you're buying super high quality in colored diamonds, which are already extremely rare, and I'm sure we've talked about that enough on the show of how rare they are, you can get a sense of the value of it and what that value means. Because most people when they're buying jewelry, they're willing to overspend. It's just a luxury item. And again, it's going for effect. So, oh, it's okay. Let's, you know, let's just blow some money to other people. It's, well, what I want to make sure that that's going to bring some value to me down the road. And if you move into a colored diamond, you're really in rarefied air at that point. And I think even just buying colored diamonds in general and having that as part of your jewelry collection is already staking out your individuality, but to buy something of really good quality. Now you're into investment range where that diamond, even if you're enjoying it, even if you passed it down, the value of it's going to continue to grow. And we've seen that in our collection year over year. I was talking to a gentleman just yesterday who he was looking at buying a couple of diamonds for his twin boys over a year ago, about a year and a half ago. And at the time I could have squeezed it in. I would have really squeezed it. I remember talking to him that I could have done. I could have helped him purchase two fancy yellows. I know what's coming. For 20,000. And today I cannot do it for less than 24 a year and a half later. A year and a half later. Yeah. Now part of that is because of the exchange, right? Part of that is simply because the prices have gone up. And it's tough to keep the margins where they need to be. So even at very low margin on those, we just can't do it. So passing up on the opportunity in my mind is a little bit like just throwing away a winning lottery ticket. As far as colored diamonds are, because for me, I don't know if I'm being long-winded here, but to me holding a natural fancy colored diamond as part of my assets really feels like secure, safe money in the bank. And as we know, money in the bank right now is not getting any return at all. Well, how about physically holding it? This is an asset, not only an investment, but you really need to come and see these. A computer screen is good no matter how high your resolution. But I've seen these because Paul's brought them in here and they're like, "Holy cow, until you actually physically go and see one of these diamonds having your hand under proper lighting." And then that might push you to make that last final decision to invest because you really have to go see them, right? That's right. What we do is we'll walk a client through understanding the different color values, whether to see the difference between a fancy and an intense, and then an intense up to a vivid. And then you get to see what the price difference on those one-carat fancy to a one-carat intense to a one-carat vivid all of the same quality and essentially, but just the color value being different and what that can do to the value of the diamond. And it's really interesting to just see people learn so quickly and start to understand the value of the diamonds. And again, it's once you understand the value of the diamonds, there's a reason the majority of our diamond clients buy multiple diamonds. It's because once they get in, they understand what that diamond can do for you. They get a taste for it, right? Absolutely. And we have, for example, we have some pink diamonds right now on the site that we really had no choice but to raise the prices on. We had a half-carat intense pink emerald cut from the Argyll mine. Last year, it was comfortably selling in and around 135. Okay. And today, we really have no choice but to sell it for 162, essentially, because it will cost a lot more money to replace a diamond like that. And for anyone looking to make that sort of investment, knowing that in several years' time, it should be comfortably trading, I don't want to say trading, but the value of it, you would be looking to purchase something similar in the high 200s, if not low 300s, within a few years. It's not the mindset of the investor that come into Guildhall. They're not day training these diamonds. They're going to buy one and sit on it for a decade, 15 years, maybe till the retirement and the turnaround say, "Wow, look at that. Look what this thing just did in 15, 20 years, right?" Yes. I think the long-term outlook is always going to feel much better for them in terms of the gains that can be had. Really, buying a diamond and selling it within a year or two years is really for investors looking to purchase a diamond worth a million dollars or more, because a diamond like that can go up literally every quarter in terms of the diamonds. Why is that? The reason why those diamonds are moving up like that is because they are so rare, they're irreplaceable diamonds. And so the prices are constantly moving. If you're putting in $25,000 to $50,000, the longer you hold it, the better the benefits. So why would you sell after four years or five years or seven years? The benefits are much later. That's why we're always talking about diamonds as retirement plan. It's so easy to buy a diamond for $30,000 today, knowing that in 20 years, it could be worth $300,000. It's amazing. Now, listen, there's no guarantees in life, but when you're buying super quality, when you're buying complete rarity, you're stacking all the cards in your favor. We're not just buying a colored diamond. You could buy any pink diamond and most likely, it will gain value simply because there's only so many pink diamonds out there. And when I say there's only so many, I'm saying that when De Beers tries to calculate how many diamonds come out of the ground every year, they don't bother calculating colored diamonds because it's so infinitesimally small, there's no point trying to calculate it. So that's just how rare they are to begin with. So knowing that you know that it's such a comfortable investment, the longer you hold, the more you can make, which is why it makes so much sense to hold it for a retirement. It's so easy to buy $25,000, $30,000 diamond today and not worry about it. You're done. You don't have to think about the retirement anymore. There's so many people that that work. Oh, I'll figure out retirement later. We'll start that plan next month, next week. Now, granted, you're not going to just make small payments to this. This is going to be, you're going to make a one-time purchase. But it's a one-time purchase that in my experience, in Darren's experience, definitely in Paul's experience, everyone at Guildhall, they know, and our clients. And we're more than happy to give references as well to happy clients and show the type of gains that they've had. But it's such an easy investment that it just makes sense to buy something like that for your retirement or for your kid's education. What a wonderful way to say, okay, I'm going to put $20,000 into a diamond that in 20 years should pay for comfortably more than half of their education. How cool would that be when they're first born, right? Absolutely. The education, education isn't going to get cheaper. It's only going to keep getting more expensive. But even with that in mind, you have to think about the gains on these. You know, I read an article recently, they were saying a third of Americans haven't made back what they lost in the Great Recession from 2008. And another third said that they've gotten back. But getting back to where you were in 2008 means you're actually behind. That's not progress. That's not progress at all. So you need to be making over not just what the government considers inflation, but what you see around you as the proper inflation. So I would say, this is just me personally, but I would think that you'd need 70% a year to comfortably be beating inflation or at least matching it. And so we can definitely see those valuations growing in colored diamonds in the same numbers or higher depending on what you're looking to invest. 18778 silver over to guildhallwealth.com online. Talk about the investor kid or at least the 10-step buying guide for buying a natural fancy colored diamond as well. So we put the 10-step buying guide together because we understand that the majority of people buying, as we were talking at the top of the segment, any sort of jewelry, basically do it blind. They basically do trust the retailer or the friend of the friend. And most of the time, they're very helpful salespeople. There's no doubt about that. But to go a little bit further, when you're starting to look at investment grade diamonds and colored diamonds specifically, you really want to be able to say, "Okay, I don't have to know everything there is to know." But what are some things that I can easily follow as a guide? Some broad strokes, right? Exactly. So for example, I'm not going to give away all 10 steps, but is the company that you're purchasing it from a member of the NCDIA? It's a very simple thing because the NCDIA has a dual mandate. One, promote colored diamonds. Two, police the industry. Are you ethically sound? Are you good for the industry? Are you a hassle? And we've seen them kick people out. And we've been a member for quite some time. It's a small group. It's a small group. Another thing is, this will be the last step I'll talk about, and then I'll encourage you just to pick it up, is champagne diamonds. Champagne diamonds are not rare at all, just because they're not white doesn't mean they're a colored diamond. They're essentially brown diamonds that you can call caramel or cognac or champagne. That's not an investment. So even if someone said, "Oh, I've got a six-carat champagne diamond," that doesn't necessarily make it an investment. So these are things that you want to watch out for. So we created this 10-step guide to show as well that Guildhall is not afraid of transparency. We're not afraid to show you what to look for. And we hope that by being that transparent that we will gain our customer loyalty that way. We'll take a short break. The number is 1-8-7-7-8. Silver, you want to start investing Guildhall wealth.com as the website. Grab the precious metal advisor, the investor kit, and get on board with that 10-step buying guide to buying a natural fancy colored diamond. And a reminder, one ounce of silver for every 100 ounces is purchased till the end of March. More of the real money show coming up. And back to the real money show. The number to start investing, you know it by now, 1-8-7-7-8. Silver online, Guildhall wealth.com. And till the end of March, you purchase 100 ounces of silver. You'll get an ounce free right there. That's how we roll, guys. Let's summarize what we've done so far on this show this week. We'll get into a little bit of, well, let's talk about this right off the top. You're excited about this one, Darren, as well. And that is the RSPs, Lyra's, Rifs, all the stuff you can use now for purchasing with the roll. Awesome. If you have put your money into a registered account, whether it's an RSP, whether it's a TFSA, Lyra, RIF, RSP, these are now going to be usable accounts at Guildhall wealth management. It's coming very shortly. We're excited. This is kind of the soft launch, if you will. We're going to be touting this for some time and, of course, talking about every opportunity with every client we have. But this is the opportunity for you to take your RSPs, your mainstay investments, and get them in physical gold and silver through Guildhall wealth management. We're excited for this. And this is something that's been in the works for a long time. And what makes this really special is the fact that you're holding physical bullion outside the banking system. It's segregated. It's allocated, meaning your product is separated out from all other product in the depository. Your serial numbers are given to you. There's zero counterparty risk involved with that. You can go and look at your bars and audit your bars, check the serial numbers against what you were shown. Go month over month, year over year, just like you would a safety deposit box, go in and look at your bullion and see the scratch and dent on the bar, if it's a big bar, or just check the serial numbers. You get to hold it in your hand while it's in your RSP. So it's not paper. And that's the key here is that if something happens, what's the point of holding gold and silver if it's in paper? If everything is valued in dollars, what's the point of holding paper? It could do great. But if the dollar's going down, it doesn't mean anything. So this is an international currency when you own physical bullion. And we are excited to have this. We're just putting the finishing touches on it. So definitely get in touch with us if you're if that's something that you're looking to do. So we can keep you up to date and get you ready to go right when right at the same time we are. And in the meantime, purchasing at the E-Star is a good move as well. You can do it in your house code, guys. Very simple, right? Very simple. Wake up on a Saturday or Sunday morning, listening to the show. And again, you can just go ahead, log on to guildhallwealth.com top right hand corner. You're going to see a icon for the E-Star. You can set up your accountant moments and you can be purchasing the same day. So this is exciting. You can take delivery of that product like Jeremy was saying. And of course, you can always store with guildhall. Now, we were talking earlier in the show about where the markets are going. Jeremy did a fantastic job in the diamond segment, and it gets me very excited. But one thing I wanted to mention was if you've been watching our site for some time, you'll notice just recently, in fact, the end tail end of this week, we actually had to put pink diamonds. They started to go up in price. So we wanted to let people know that this is the time of year when this occurs. It generally happens closer to our first major date of the year, which is going to be the June show, the JCK diamond show in Las Vegas. And of course, we've found out as each year passes that it becomes more and more difficult to procure the quality of diamonds we're used to having for our clients. And as a result, our guild diamonds are now going up in price. There are a number of diamonds that already started by tail end of the week. There are three of them. And if you were watching the site for a while, these are substantial increases. So the new asking prices are much higher than they were. And of course, this is a reflection of what it is going to cost us to replace those diamonds now. So again, if you've been thinking about buying a diamond, this is likely to happen with the majority of our pinks. And Jeremy was making a very good point. I really do as an investor like rarity. For me, that's one of the key hallmark reasons to own an asset like a colored diamond. And when you're looking at pinks in particular as a color of diamond of choice, one thing you want to remember is that these don't come from, but a handful of places in the world. And really, when it comes down to pinks, there's only one major supplier. And that is the Argyle mine in Western Australia. And when Jeremy was talking about the percentage of diamonds that come out of the ground and why the beers doesn't track those percentages, it's because if you can imagine 80% to 90% of the pinks coming out of the ground come from one mine. And of course, that's Rio Tinto. They are the parent company and it is a public company. So it's well documented that the scarcity of these diamonds is only increasing as time goes on, especially if you relate that to clarity and to the rarity of the diamond. And really, when it comes down to it, you're looking at of their total supply of diamonds coming out of the ground, less than 1% being pink. The majority are brown. And then from brown, we go to whites. And then we go to some off color diamonds. And then we go to our pinks. And that means that even though we can find one mine and rely on that mine right now for total production in the world over and rest assured we're no, we're going to get to another tender next year and have the chance to buy more diamonds. When only 1% of their product coming out of the ground is actually pink, the type of product that we're after the type of product we bring to our clients, it's not going to get cheaper. If you're thinking about buying that pink diamond and starting your investment portfolio with a pink diamond, don't hold off for four or five years. I'm telling you right now, you'll pay the price and literally literally. Yeah. Listen, we had a client that was looking at pink diamond last year for 22,000. And he took a pass, which was perfectly fine. All we're asking is to understand we know that this is a best kept secret, that this is an opportunity to look at, to learn about. No one's going to jump into it without knowing what the opportunity is. And so we're looking for people to want to learn about that opportunity. But this gentleman in particular, he was looking at the pink and he decided it wasn't for him at the time. And this year, he decided that he did want to get involved in natural fancy colored diamonds. At this point, though, he wasn't able to buy the pink anymore. So he did move down to a yellow, but that's fine. They're both moving up. And the point is is to hold that diamond. And that's often what it takes is that we'll see people who will watch the market for a year, two years before they say, okay, I want to get in. I can't buy what I could have bought, but I do see the value of it. And I think that's what we're here to talk about is understanding the value of this and seeing it as such a great opportunity. And that we are offering such transparency to show our clients what it's all about so that they can feel confident when they're taking advantage of the opportunity. 1 8 7 7 8 silver guildhallwealth.com. And you can also diversify within the company right there because you can go with a little bit of diamonds and some precious metals. Most people do, John, this is in fact where most people start his precious metals. I mean, a lot of our buyers started with gold, silver and her portfolios, and then ventured into colored diamonds after it's not to suggest that's the only way it goes. But a lot of buyers have done that. And the only difference with colored diamonds is, and we want to be very transparent about this is that liquidity is different when it comes to colored diamonds. You'll want to go with a recognized seller. You'll have to put that diamond out on the market and you'll have to push it with good PR and marketing to let people around the world know it's available. There are several options for you when it comes to selling the diamond, but we're hoping that you'll choose to stay with guildhall and we'll put that diamond out into the world market in four, five, 10, 20 years, whatever it takes. And we will push that diamond out to the world to show them what has again, increased in price and rarity. A couple other points I want to make is that we're watching this week with precious metals where the economies are heading and we're expecting China to make an announcement. And by the time the show is recorded, they may have already suggested that their GDP for this year is expected to be slightly lower than expected. And again, we're watching for signs of recession. Really, that's going to become the focus of our discussions in shows down the road. Right now we're looking at real numbers and it's looking as though the real economy is starting to slightly implode. Recession numbers are very easy to see. And of course, obviously, we would tout that there would be a recession if we saw things like negative GDP growth. But what we're watching tells us that currencies are going to continue to fluctuate. We're seeing very low demand for factory orders. In fact, factory orders are decreasing. We're watching the Baltic dry index, which is the index, which measures the amount of shipment containers going back and forth across the world. We're watching that index fall to all time lows, lower than what it was in even 2008 and nine. And we're also keeping an eye on what people are saying. We brought to you this week, a article from Mark Cuban talking about this potentially being the biggest bubble since the tech bubble of the early 2000s. And of course, he is somebody that we're not always watching is not always on the main stage in terms of economic advice. But when people start talking about that, you have to pay attention. This is a conundrum. We're following it very closely. And these are reasons why we own golden silver. Jeremy, wrap it up to buy gold and silver. You can go to the East door. It's very, very easy. You log on, you register, you can choose from the product. All of the product that is on that site, by the way, is available for delivery. And we do do free delivery above $5,000. Of course, for every 100 ounce bar of silver you purchase, you'll get a one ounce bar of silver along with that. So the end of March, right? So you do exactly, you do get a bonus and our prices are very competitive. So it's a great way to get into the market and buy on a regular basis and just know that if you get the itch or you decide, Oh, I like the price today, you can just quickly log on to your account and make that purchase. You can also call us if you want to ask us any questions about about precious metals. We get asked all sorts of questions about the refineries or about pricing and all of these things. You should be informed when you make that purchase. And that's, that's the service that we give it, Guildhall, beyond just giving competitive prices. So feel free to touch base with us there. And as well, if you, if you're new to the market or you want to stay informed in the market, you'll want to subscribe to the precious metal advisor. And a reminder, folks, that to very shortly coming down the pike, you can be using registered funds to make your purchase as well, looking forward to that in the option for you to start investing. In the meantime, the number is one eight seven seven eight silver and make sure you go over to Guildhall wealth.com to start investing there as well. This has been the real money show, Talk Radio, MAM 640. 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 it free, applicable membership required. Restrictions apply.