The Real Money Show
The Real Money Show - September 27th, 2014
And welcome once again to The Real Money Show broadcasting on the Core's Radio Network and World Wide via the Web for over six years. You're listening to The Real Money Show brought to you by Guildhall Wealth Management. Today in studio we have Paul Weizmann and Jeremy. This is going to be a great show. Guys, I want to first give out the numbers there. 18778 Silver and TheRealMoneyShow.com. Want to get right into this before we get to Gerald Solanti, one of our favorite guests on this show. Talk about animated and full of personality, not to mention knowledge, Jeremy. Give us a quick overview. A bird's eye view. What's going on in the market? Sure. First, we do want to mention we've got our e-commerce store with competitive prices, especially for those in Toronto who just want to book their price, come pick it up at the offices in a few days time, and it's been fantastic so far, especially with what's been going on in the last week in precious metals. We've seen the price come down, knocked down, essentially with the U.S. dollar. I have to say we have to think counterintuitively at this point. There was a point in time where if gold went up, that was an economic barometer of how well the U.S. dollar was doing. In the last four or five years, what's happened, especially in the last three years, is any time there's a trouble with the U.S. dollar, the price of gold and silver counterintuitively go down, a lot of people out there are thinking counterintuitively. They see the price go down and they do something about it. As an example, the Shanghai silver stockpiles, so again, the stockpiles of the Shanghai exchange have dropped 93% since 2013 from a high of 1143 tons down to 81 tons. What does that tell you? That tells you that someone is buying silver like crazy as the price has been dropping or staying stagnant below $20 an ounce. Someone out there or some ones out there, sovereign nations, sovereign buyers, big investors are buying silver on mass at lower prices in the market. Even though they see lower prices coming, they're doing nothing but buying. That's an important thing because for every buyer, there's a seller and for every winner, there's a loser and for every fortune, there's a misfortune. That's what happens in these markets. You have to be aware of what's going on in the market. You have to look at fiat currencies. No country has ever survived on a fiat currency. Always collapsed. You can go back to Roman times when they took a coin and where it was a gold coin and it finished up made out of wood. That's what happens. Fiat currency is a way of confiscating your wealth. You need to own gold, silver, natural fancy color diamonds in your portfolio. This is a great time to get into, especially purchasing gold and silver. You have a depository where you can purchase silver or gold. You can put it in the depository. It's safe, secure, it's allocated and segregated. We even give you the bar numbers. Or if you want to buy direct, you can take the metal home. You can use our e-commerce site. You can go on, log in, get the price, figure out what you want to do. You can be assisted by one of our brokers, by phoning in. It's a great way to get into the market. It's exciting. It's really exciting. Especially these prices today. 778 silver on TheRealMoneyShow.com. Jeremy. Yeah. And again, counterintuitively speaking, Paul's talking about the US dollar, that it's fragile. Someone out there knows it because when the US Mint updated its figures this past Monday, sale of silver eagles increased 700,000 to 2.4 million. And then yesterday, so that would have been Wednesday of this week, another 350,000 were sold for a total of 2,765,000 just for the month. That's massive. That means that when this price goes down, people are smart enough to know that at this point in time, with all markets being manipulated, and we're going to talk about that with Gerald Salente, that this is the time to get in. There's a small window here to buy, and obviously the US public are taking that queue huge. So when we see 202,765,000 just silver eagle alone, you know that people are actually starting to protect themselves, and we're in a quiet bull market. So it's very important to get into this market while physical bullion is still available. When you see those Shanghai stockpiles diminish that much in two years, if you decide that you're going to buy silver once it goes up to $30, you may not be able to get your hands on it. But definitely go to the e-commerce site or Call Guild Hall and get some physical bullion in your portfolio. And that's all you guys do to reiterate, Paul, just physical bullion. Yeah, we don't sell paper. We're not in the equity business. We don't sell certificates or ETFs, futures or options on futures. We just sell the physical product, and you need to own the physical product. When you buy a physical product, what you're doing is taking it out of the market. Nobody can hypotheticate that silver or gold that you have. And it's in the system. When it's paper traded, that can be hypothecated as much as a hundred times over. So be smart, get into the market, give us a call, make your first investment, call one of our people, we will assist you in making a purchase and getting you started in a great, great investment. 18778 silver on TheRealMoneyShow.com, want to turn it over to our guest who's finally arrived. Good to have him on the air once again. I think this is visit number three, Mr. Gerald Solente. Again, we've got Gerald Solente with us on the show. Great to have you, Gerald, as always. Oh, thanks for having me, as always. And it's always great to go through the trends journal for anyone who is interested. You can go to trendsresearch.com and we'll talk a little bit about that later. We want to get right into the markets on gold and silver, particularly in a portion of the recent trends journal under delaying the inevitable. You talk about the markets being rigged and the implications for that. What do you see as the future in terms of the current rising stock market, or in this case, we just saw a little bit of a pullback, but what do you think the implication of rigged markets are? Well, it's obvious, is that like with any, it's a Ponzi scheme. It's like with any criminal activity, at some point, it collapses. And when you're looking at the markets, I mean, let's look realistically about it, trying to keep saying they're not going to put any more stimulus in, and in what the next day they do. And now they're lowering interest rates and making loans easier to get. It's estimated that 25% of Chinese GDP is housing related. And looking at the numbers that are available, and remember, it's not a very transparent government. You know, it's a one-party government, you're looking at some 70 million luxury apartments that stand vacant. And then you go take a trip to the EU, and every week we keep hearing about Mario Draghi is he going to put in quantitative easing, and now they have negative interest rates. Take a look over here in the United States. They haven't raised interest rates since 2006. So, the whole thing is the Ponzi scheme. It's being pumped up with cheap money, and where is the cheap money going? It's going into the equity markets, because at one time people used to be able to take whatever little extra money they had, and put it in the bank, and the bank would pay them interest. But you don't get any interest now when interest rates are virtually zero in the states, and negative interest rates over in Europe. So, going back to it, you're looking at merger and acquisition activity as we speak, that's rivaling 2007 levels, because of all the cheap dough. So now they're talking about raising interest rates, and it's very simple. When interest rates go up, the economy goes down. We just saw here in the states, durable good orders fell 18.2% in August. They can make up any kind of fairytale they want as to why they slipped that much, and then you could go back and look at the employment numbers, and you can make up any story that you want, why they were weak, last month or the month before. The fact of the matter is, if numbers were strong, if the economies were strong, you would not have this kind of fluctuation, and then as you mentioned, when you look at the markets, you can see what's happening there. Yeah, the Nikkei is, you know, it's in seven-month highs, big deal. They keep pumping cheap dough into it, but then how much did their GDP drop in the last quarter? Over seven percent. Can you imagine that? A seven percent falloff of a GDP? It's huge, but the equity markets are doing fine because of the cheap dough that keeps the speculation going, and that's why it's being pumped up. And if we look at the fallout of that as well, you notice that, and I do see them personally as interrelated, you start to see, okay, the stock market's going up, that's great. It's clearly because low interest rates are manipulating the market, where do they put with that excess equity, et cetera. But now you see that there's geopolitical crisis, there's political debacles everywhere, dire economic warnings, as you were just mentioning, and now we're starting to see increasing social disturbances and, as you talk in the trends journal, about some environmental threats. So how do you see the current economic issues, and especially how that relates to lower gold and silver prices, which we've seen lately? Well, the lower gold and silver prices, it's staying in gold. Our forecast is gold. Gold has more of a downside to it, to a moderate extent, and the shock is going to be felt when interest rates go up. But as we were talking about what's going on in the real world, you cannot sustain an economy with even zero and negative interest rates. So that is going to cause a panic in itself. When interest rates go up, the carry trade collapses in the emerging markets, and there's no longer the ability to sustain the phony growth of the equity markets. So in fast forwarding a little bit, they'll come up with a new scheme with a different name to call quantitative easing. And that happens, that's when we are forecasting the beginning of the next bull run. It will follow the rise of interest rates. The rise of interest rates will only have, as we see it, a temporary impact in driving down gold and silver. But that increase in interest rates is going to cause panic on the streets. They can't keep the fraud going without cheap dough. And when that panic hits, gold goes. And let's not forget the geopolitical strife that's going on. The Middle East is up for grabs. If anybody listened to Obama's speech at the United Nations, it was a speech of more on ending war, more interference in global affairs. The United States and its NATO allies has effectively declared a war against Syria. They're going into a sovereign country. And what's the reason, ISIS, they beheaded two guys. They beheaded two guys that went into a foreign country that was up for grabs. But they beheaded them, and that made all the news, and everybody, "Oh, look how evil. Look out." "Hey, how about those drone strikes?" I only killed, what, 14 yesterday in Pakistan? How about the millions of people that have been killed in a rock in Afghanistan by the United States military since the beginning of the Iraq war? bombs are OK, beheadings bad, and now they're coming out, Al Jazeera, which by the way is from Qatar that is owned by the Qatar government, which is part of the so-called coalition that's attacking Syria reported that some 23 civilians have just been killed with the United States attacks in Syria. So the point that I'm making is that the whole world is now up in arms about we have to stop ISIS, we have to go into Syria as they're wiping out people anyway, not to mention what just happened in Gaza. So we're looking at more war. With more war comes more geopolitical instability. With more geopolitical instability, gold becomes the safe haven asset that it has been since the beginning of recorded history, and they're not going to be able to rewrite that history. Yeah, we'll take a short break. More of Gerald Slente coming up here, the number to call 1-8-7-7-8 Silver and the real money show.com. Hang on. 1-8-7-7-8 Silver and the real money show.com online, now back to more of our interview with Gerald Slente. Hedge fund manager in Hong Kong, William Kay, he worked with Goldman Sachs 25 years ago in mergers and acquisitions. He was quoted recently as saying that investors should continue to buy gold and silver. They should find a place outside the banking system to store it and they should count their wealth in ounces, not in fiat currencies such as the US dollar as an example. Because the day will come very, very soon and that investors will be happy that they made that investment in gold and silver. What do you think of his statement and I guess how that relates to these geopolitical strife that's going on? It's a statement I've been making for years. I've been buying gold since the late 1970s. My first buy was 187.50 an ounce and I just keep buying it and putting it away. Gold is for my golden age. I don't trade it. I have about 15-20% of assets in silver, the rest of course in real estate. But even that, the real estate I buy for passion and joy and creating beauty, not for the profit opportunity only. To me is why would anybody want to own dollars or euros or yuan when they're just paper currencies based on nothing and back by nothing. Again, I'm old enough to remember when Richard Nixon took us off the gold standard and the rationale at that time. I mean remember this is 1971. World War II only ends in 1945 and the United States was still at its peak and they could get away with saying that the strength of the dollar is based on the strength of the United States. That's no longer true anymore in terms of economy. Not when we're over $17 trillion in debt and continue going deeper. So to me, I don't give financial advice only for myself, I keep buying gold and silver. I have all my retirements into it and as far as putting it in the banks, I've written in the trends journal, the horror stories I've had, trying to get money out of banks when financial conditions became unstable. And if anybody needs a little recounting in history, go back to 1933 when they called a bank holiday, isn't that a nice word, isn't that a wonderful word holiday, a day to screw you, a day to tell you you can't get your money out, a holiday, a holiday from you being able to take what's yours and what did they do? They made the American people turn in all their gold, gold certificates, bullion coins. And what did they do? They sell it, what was it, $22, $20, $22, $62 or something. And after they got all the gold in or they thought they did, they repacked the price of gold at $35 an ounce. How's that to shift you out of 70% of your spending power, they devalued the dollar? So to me is why would you give something so valuable for someone else to hold? If you don't have it, it's not yours. And I could keep going all with the stories, 9/11, tried to get my money out of CDs and turn it into gold, and I couldn't get it out because Wall Street was closed. I'm sorry, Mr. Salente, certificates of deposit of financial instruments. But don't worry when Wall Street reopens a week later, you'll be able to get your money if it's still there. So again, this is an old story. If you don't have it, you don't own it. And to me, again, only speaking for myself, I do not give financial advice. Gold and silver are the investments for me, again, the real estate I buy is historic real estate. I don't buy it on speculation. I want to get into some of the things that are happening for you in terms of events. But I do have a question seeing as your friend from the South here in the United States, there's a great quote from Winston Churchill. He says, "The United States never fail to do the right thing after they've exhausted all other possibilities." And with Barack Obama's rating being at the lowest approval rating, do you think that the U.S. can eventually make some good decisions here? Not with the criminal operations that are in control. The bloods and the crypts people like to call them the Democrats and Republicans. They're murderers and thieves. They've started wars based on lies and killed millions of people and continue to do it. So when I say murderers and thieves, I don't say that sarcastically, I say it based on fact. And thieves, because they keep stealing all our money and the names of too big to fail and taxes to keep doing dirty deals, to keep pumping up their buddies, keeping the Ponzi schemes going, deregulating society so the money is in the hands of the few and the opportunities and entrepreneurial opportunities are all but disappearing. So the word justice now in America means just us. You haven't seen one head roll on Wall Street for the criminal activities. All they do is get slapped with these little fines, slap on the wrist fines, and no one does any time. So no, I don't see it changing at all considering who's in power. Here, look what's going on now with all the war talk going on in the States and in Canada and in much of Europe. Have you heard anybody talking about peace? Have you heard one piece song? Nothing. Zero. Nada. 71% of the American people are in favor of bombing Syria. Oh, yes, Syria, look what they've done to the United States. I think they invaded Topeka last week. Oh, Syria, the Syrians, not one word of peace. All you hear is war. And this is what I've been writing about for years. You saw the Panic of '08, we've seen history repeat itself. Go back to the crash of 1929, followed by depression, followed by a great recession. There's no recovery. Currency wars, trade wars, world wars. And all else fails, they take you to war. And the war drums are beating. All you have to do is listen to President Obama's talk at the UN. It's there for everyone, everyone to listen to and pay attention to. And all it is is war talk. So just for our listeners, if they want to get the transjournal, how would they go and get that, Gerald? Or simply, trendsjournal.com, trendsjournal.com. And we also have a trends monthly that's part of the subscription. And each night, weekday night, we do trends in the news, the real news that's going on. Not the stuff the Prestitudes are selling. And also, we're having conferences, we have conferences here in colonial Kingston. We have people from all over the world coming. The last one was in August, another one coming up in mid-October. And this one, I'm going to teach people how to track trends, that's what I've been doing now. Since 1980, I've written the book on it. So we're going to show them the global nomic processes on how to identify forecast and track trends. One other question. This is Paul speaking, Gerald. How if you are buying gold, silver, what is the best way to hold it? Is it a depository, like we have outside the banking system? Or is it to take it home, bury it in the back garden? What are your thoughts on that? I'd leave that up to the individual. You know, it's because if I told them to bury it in the back garden, something happened to it, then they would blame me. So I leave it up to the person to make their own decision. But what I would say is that if I was somebody out there and buying gold, one of the places I would not put it in is a bank depository, a bank safety deposit box, considering the fragility of the banking system, the amount of derivative debt that they're holding, and just look what went on. I mean, Cyprus is in ancient history, and now they're talking about bank bailins. So the reality is if there's a terrorist strike, be it false, flag, or real, and there's a financial crisis because the markets to me are way over leveraged and overpriced, they're going to do everything they can to make sure that you pay for the problem. And that paying for it may be taking what you have. And of course, they'll blame it on those terrorists who destabilize the sound economies and forgiving the government's the right to steal what's yours. Well we want to keep staying in touch with you, Gerald, because it's always great to hear your point of view and see your take and where you see things going and following your trends. I'd like to have you. Well, thank you, Jeremy, Paul, and everyone else. Jeremy, there was a great interview, I mean, Gerald is a very, very interesting personality or a gentleman, what would you say? I always appreciate his views, I particularly like what he's talking about in terms of interest rates, especially since Janet Yellen, when she's talking, she's so non-decisive, she's saying, "Well, if things get good, we'll raise the interest rates." Of course, as soon as she raises interest rates, things aren't going to be good anymore. It's like a weatherman, if it rains, take an umbrella, if it doesn't rain, it's going to sunshine. You can't be wrong for making those type of decisions. But I do agree that the next incantation of QE is going to come, because they'll get to a point where they'll have no choice, they're going to need to print more money to get out of it. At that point, the jig really is up, no one's going to be able to continue on pretending like things are great. But again, I think that when we talked about it at the top of the show, that if you look at Silver's sales of bullion, you'd say that we're in a very strong bull market. The price doesn't look like we are, but the sales say we are. But the smart money is buying physical product. I know from the people that come in to us, the purchase on a regular basis, new clients come in every single day, they take the news, they listen to the news, and they disseminate the news the way they feel. Their pocketbook is going to work for them in the future. You've got a limited amount of money. You want to hold on to it. You work hard for your money. You've got to put your money into hard assets. If you listen to Gerald, and he's talking about fiat currencies, and I said in the previous segment as well, we go back to Roman times when they took a gold coin and it finished up to be a wooden coin. That is the same thing as what he's talking about in 1930 when they confiscated everybody's gold and silver, and then put the price up from $22 to $35. It's happening, it's depreciation, it's devaluation, and that's what the US is doing, that's what Canada's doing, that's what great Britain's doing, that's what Europe's doing. They're printing money. It's interesting that you're talking about confiscation of gold back in the '30s, and Gerald mentioned that. The US government doesn't have to confiscate gold anymore, they've been confiscating people's wealth with inflation for years now, so they really don't need to confiscate gold. People should be looking to buy gold and silver as protection against banks and governments that have become increasingly fragile and increasingly desperate, and I think Gerald was talking a little bit about all these wars, and you wonder why is that? Why are they so desperate to just get the US to get their war with Syria? It was completely not backed by the UN, and he just went in under the guise of ISIS, so now we can't criticize it, of course, but the fact is, is he's getting his Syrian war, and the wars are coming, and how do people protect against that for themselves personally, and obviously it's getting some physical bullion, some sort of hard asset outside the banking system. Well, that's what we do at Guildhall. We offer hard assets like gold, silver, platinum, and platinum, where you can buy it, immediately take home delivery. You can pick it up within a couple of days when you place your order. If you want to take your product and put it in a safe, secure depository, we have that available for you, where we can allocate, segregate, your product is insured, you get the bar numbers. We're offering actually to the end of the year, we normally have a storage fee that's 1.3% a year, but we're eliminating the storage fee till January of 2015, and also no fees. Minimum order, if you want to open up in the depository, normally it's 500 ounces. You can get 200 ounces of silver, which is going to cost you around about $4,000 to get an account open, start your account, add to it on a monthly basis. You're never going to pick the bottom, you're never going to pick the top, but get your account open, add to it every month, whether it's 10 ounces of silver, 100 ounces of silver, whether it's ounce of gold, or 10 ounces or 20 ounces of gold, get your account open, give us a call. 1-877-8 silver is the number, the Real Money Show.com, or final law, a minute or so here. Jeremy, touch on e-commerce for us. Yeah, we've launched our e-commerce site, great way, easy way for anyone to log on, open an account and pick their bullion, take delivery of their bullion, or schedule a time to come pick it up. It's a great way, easy way for people to now get involved, as Paul was saying, on a weekly or monthly basis. So far, just like we were talking about the sales in the U.S. and the decline of inventories in Shanghai, business has been robust as the market has come down a little bit in recent time. So we think that you've got to be counterintuitive here. So, of course, coming into the next segment, we're going to talk about something that's more luxurious and a great luxurious way to protect one's wealth and also grow their wealth, whether it's for children's education or your own retirement, definitely stick around for that. We're talking about diamonds, it's coming up next, 18778 Silver and RealMoneyShow.com. This is the Real Money Show. And back with more of the Real Money Show, the number to start investing, you should know this one, 18778 Silver Online, TheRealMoneyShow.com. Jeremy, one of my favorite portions of this show ever, ever is talking about diamonds and a lot of stuff going down. We're going to talk about pinks, talk about the tender and auctions especially, right? Yes. We've got a most recent auction that did occur. This was back in June and the reason I'm about to mention this is because there's another auction coming up in the beginning of October. So we always want to stay in tune with what's going on at auction. This is going to set the bar for the rest of the market. These are extremely magnificent diamonds, usually quite large, usually of the best type of quality. Looking back a few months back in June, Christie's New York sold a 5.5 oval cut. So an oval diamond vivid, strongest saturation, pink diamond that was VVS1, which is very, very slightly imperfect. It's about as close as you can get to perfect. And this diamond sold for over nine and a half million dollars US. What was the premium originally on that? So they estimated it that it would get seven and a half. So it's considered really more than what they were looking at. And this is what we're used to seeing at this point in the market for the last five years plus. It's not the first time in the last five years that diamonds have broke records, of course. But within the last several years, we keep seeing this more and more and more. Really the uber wealthier looking for places to hide their money or to put it somewhere and what better place to put it than something that is extremely rare has never dropped in value, most concentrated wealth on the planet. And so they're looking at colored diamonds. So coming up, there's going to be Sotheby's in Hong Kong on October 7th. We're going to be watching this closely. We're going to be auctioning off an 8.41 pear shape, not oval pear shape, internally flawless pink diamond. So this this diamond and it's a purple issue. It's a purple pink. So this diamond is even more magnificent than the last. And they're expecting it to get upwards of 15 and a half million. They're saying between 12 and 15. So it could be 18. Right. Paul could leave like me based on how the diamond. He knows, right? I've got to tell you it can be anything. I've been talking to my people, especially the people I partner with as well when we're buying large diamonds that were in the Hong Kong show last week. And prices were up there for very, very high quality. There wasn't a lot of natural fancy colored diamonds. There's always a lot of white diamonds. There's always white diamonds out there to purchase. But to find natural fancy colored diamonds is a little tougher. You really have to mine almost 140,000 white diamonds to come up with an investment grade diamond which could be a yellow, you know, vivid, internally flawless. You'd have to mine basically 140,000 to one. So that tells you how rare there are. The cuts were very, very important at this year's show, especially for the Asian market. The Asians are used to round diamonds. And now the cuts they're looking at is emerald cut, which is like a step cut, radiant cushion. These are the type of cuts that bring out the fire and the scintillation in a diamond. They are made to bring out the beauty of a diamond. And they certainly, certainly do that. And especially pear shape as well. Pears become very, very popular in Japan. They love pear shaped diamonds. So they're very, very hard to get hold of. You mentioned just now, October the 7th, the auction is at Sotheby's in Hong Kong. Yeah, the next one. October the 8th. I'm not sure whether it's the 8th or 10th, October is the final bid for the Argyle tender. That's when they open the bids and they tell you who's won what diamond. This is the Argyle mine. This is from the Argyle mine. Right. So this is the Argyle mine in Western Australia. They produce 90% of the world's pinks, but it's just a fractional 1% of their entire production. But that's why it's so, so important because this is the pretty much one of the only mines in the world that produces pinks. They produce most of them, but it's still a very tiny amount. And they're only going to be doing these tenders for another few years because the mine will be closing. Well, this is the important thing is that in this tender, there's over 50 diamonds that they put in this year. And it's the best of the best, it's the cream of the crop. There's only four VS diamonds, the rest of them are S1, S2, which means they have inclusions, but you're buying the color. The Argyle pinks have unbelievable colors. They're purpley pink. They look like raspberry color, bubblegum pink. They're just incredible colors in the pinks. Where as you mentioned before, one of the diamonds they had was a VVS1 that sold at auction. We have, it's not a four-carat stone, it's a .42, or .42, and it's an Argyle pink with the Argyle inscription. It's an intense and it's a VVS1. Now it's just an appraisal. I know what price it's going to come back as appraised. We haven't put it up on the website yet, but I think it's going to be basically in the over the $100,000 price, it's going to, we're putting it up on this show for $60,000 before it goes up. Normally, we would put it up on the website, probably in the $70,000, $75,000 range, but it's going to go for $60,000. This is a VVS1 in an Argyle pink, extremely rare. It's a .42, it's a magnificent stone, it's a radiant cut, it has everything that you need to have in a pink. The color is incredible, it's almost a bubblegum pink. The colors that fly off of this stone, when I saw it, I bought it and I fell in love with it. Even though it's a .42, it's just under a half a carrot, we just sold this, actually this week, a .59 fancy intense Argyle pink, and it went for almost twice the price of what this stone is, and it's only 15, 20% bigger. So, again, this is an unbelievable price, this is a type of stone that you put away for 10 years, 15 years, and you will get a 3, 400% return on your money. We were selling this type of stone five years ago, six years ago, for around about $20,000. Today we're asking $60,000, it's not because we're liberty takers, but that's what the prices are out there, and this year is tender, and this is what I wanted to bring up about the tender, with our partners out in New York, we've bid on a few stones, I mean there's four VS quality stones, and we're partnering on some of these stones. Last year we bid 20% more than we did the year before, we never won one stone last year. So this year we're basically about 30% more than we were last year, so that's 50% up in two years that we are bidding for stones. So we know what's going to happen, especially when you see an auction, that these prices are fetching 20% over their asking price, and that's on big stones, not everybody can afford $7 million, $9 million, $17 million, you're looking for an investment, you're looking to retire, you're looking for your kids' education, there is no better investment than getting into an Argyle pink. And just as I'm looking at our list of pinks, I always like looking at our diamond list, it's like looking at a really good wine list, but all of our pinks are VVS or better, or VS or better, rather I should say. We don't have SI diamonds. That's how you roll, you roll the best of the best. That's just what we do because we really, yes on the one hand it's a search for perfection. We just want to buy the absolute best possible. You don't lose if you buy the best, it can only become a great investment that way. You don't muddy the waters by having different, different clarity. And it's not just that it's VS, it also has to be a good diamond in terms of the other four C's, or the other three C's, but we have to keep that standard. Many of our clients are purchasing these diamonds as investment simply because if you're buying a .3 karat pink, you're not necessarily looking to put that into jewelry per se. And one day, if the client decides they do want to sell, we want to continue to only sell the best of the best. So only if they absolutely became no longer available period, maybe you might start to see some lower clarity start to creep into the inventory, but up till now, we've been able to maintain those standards and I'm really happy about that. And it shows year in, year out, every single time we go to get diamonds reappraised, every single time we go to buy another VS or another VVS pink, the prices are always significantly higher. And it's not every single time. It's a great feeling. And it also brings me back to yellows. Yellows are basically the next pinks, I mean, pinks are extremely rare, but to find a vivid yellow diamond today is really, really hard, especially internally flawless. And price wise, you know, vivid diamonds, especially internally flawless, they're going up as much as 30, 35% a year. So you've got to look at the vivid, especially in the yellows, and you've got to look at the pinks, especially argyle pinks and VS quality. We also have a couple of other pinks that are not on the website if you'd like to inquire about them. We've actually just got them being appraised. One of the diamonds is a 0.29. I just bought it in. It's a fancy deep pink. It's a VS one unbelievable stone. Again, you're looking in the range of about $60,000. And I've also got a 0.34. It's a fancy intense pink. It's a VS two quality radiant. And this stone is also, it's out there to be purchased. It's an unbelievable stone. And you're looking for this stone because it's an intense pink VS two, you're looking at a great, great price, as I said, they're out for appraisal right now. If you're interested in any one of these three stones we've been talking about, give us a call. It's first come first served. We'll be happy to see you come to our office. Look at the diamonds that you're going to fall in love with them the same as we do. We'll take a short break. The number of Paul is talking about one eight seven seven eight silver and the real money show dot com and back with more of the real money show one eight seven seven eight silver and the real money show dot com. Jeremy, I've read articles and you can find them now if you Google with a couple of key strokes that there's millionaires, billionaires out there that are taking a lot of investments out of the stock market as much as 60% cash and investing in other things like hard assets. Is that true? It's absolutely true. Look, it's a very shaky economy. The governments, the banks, they're increasingly fragile, increasingly desperate. People see that this is going on. How long can we be continuing in a low interest rate environment and lots of money being created out of nowhere. The wealthy are looking for ways to protect their wealth and it's so important to think about protecting your wealth. This is why they are moving into collectibles like fine art like diamonds. Diamonds are a lot easier than, for example, if you go to these auctions and you can just look at Sotheby's and Christie's which we talk about on the show just for diamonds. But if you look at the other things that they're selling at auction and the record's being broken for those type of items and assets and hard assets that are no longer and we're not talking about stuff in the stock market. We're talking about the wealthy saying, I have my real estate. I've taken care of that portion. I'm very concerned about the stock market. I'm concerned about potential geopolitical threats or interest rate rising. I need a different way. I'm worried about the US dollar collapsing. They're looking for other places to put their money so when we look at other things even like the art world prices are consistently rising whether you think the art is good or not. Diamonds are a little more easy to approach because you're not worried about the subjectivity as much when we're looking at things like that. It really is a matter of the better the diamond is, the more rare it is, the more the price is. It's categorically true. Yeah, it's just that much easier and the fact that they are so rare, the fact that they've never gone down in value, their concentrated wealth, it's just such a natural safe place to be. And it's portable wealth which is really extremely true. In the palm of your hand you can hold 10, 20 million dollars. Which is why when we're looking at these auctions and we see these records being broken, we always have to come back to why is someone willing to spend 15 million dollars plus on this little, well, if it's six carats or higher, it's not so little, but on this diamond. It's because they know it's a safe place to be. How about this though? They're planning to spend 12, but that diamond ends up being 15 million like you mentioned. Shouldn't people who are thinking about maybe giving you a call and buying a diamond for $8,000, they should have that in their mind because all boats rise with the tide. So you should buy before maybe the next auction. Is that the way to think about it? Because everything's going to keep going up. So if you're going to do it, get off the fence. Yeah. Of course. I think what maybe holds back the new investor is that they don't have the benefit of seeing the prices rise. There's no stock market that says here's where colored diamonds were 10 years ago. Here's where they are today. But what you can do is people have followed the prices online and just naturally you start to see the prices climb. Of course, you still have to know what you're looking for. You still have to be able to say, yes, this is a one carat internally flawless vivid yellow diamond and compare apples to apples. But what we know, we've seen it for the last decade is that the prices continue to rise year over year. And so you do want to get in before it's too late. And I think anyone who's looked at the pink diamond market knows that that three years ago you could have bought a 0.23 carat for close to 20,000. Now that's comfortably selling for 35 edging towards 40. You know, that's looking at almost doubling in terms of four or five year periods. So when we were talking about in the last segment about one of the recent diamonds we got, which was a 0.42, and that's an Argyle, which is VVS one that's that's just shy of being of being internally flawless and that diamond going for about 60. This is this is a good time to buy it, especially if the Argyle tender comes up next next month. The dealers are all going to know that the prices are 20, 30 percent higher. The whole industry's prices for diamond for pink diamonds are going to rise. One eight seven seven eight silver and the real money show dot com. Well, as Jeremy said, you know, in the previous segment as well in the last 40 years since they've been keeping records, natural fancy color diamonds have never, ever, ever dropped in price. This is through recession, depressions, the dot com, the housing bubble, I mean, you know, everything that's possibly gone wrong in the worst of times in 2008, 2009, natural fancy color diamonds even increased in price about five or 10 percent. In some years, we've actually doubled in a year. In some cases, lately we're looking at about 25 to 35 percent increase every year. But that's on quality. There's a difference between quality and quantity. White diamonds, there is a lot of quantity out there. Natural fancy color diamonds, there's not a lot of product that you can buy. And this is not, you've got to also charge apples to apples. When we go out and buy a natural fancy color diamond, we have a certain classification that we keep to. You know, the side, the top of the diamond is called a table. That has to be a certain size, the width of the diamond, the depth of the diamond. The even saturation of the diamond, you know, you can put two diamonds together. It's basically one, one is great and one's not so great. It's like looking at a tailor, you know, if you go to Hong Kong, you'll see a lot of badly made suits with people wearing them. Seriously, you know, something's made in 24 hours. It's not the same as somebody has put a lot of care into making that suit and using the finest fabric. That's what happens with diamonds. A great cut diamond sparkles, the fire, the color that comes off of it is incredible. And these are the diamonds that we buy. Now, when we buy a diamond, somewhere down the line, we know we're going to get that diamond back. And that's maybe you put it into a piece of jewelry and you're going to pass it down as an heirloom, you know, to your kids. But the people that buy diamonds, they want to get a return on their investment and they want to be able to sell it. So when I buy a diamond, I know that somewhere down the road, I'm going to get that diamond back. I'm not going to sell something that's inferior. I want to sell top of the line because that way I know I can resell that with no problem. It's increasing with value every year. You know, I bought back a diamond that I sold to someone, which I really didn't want to let go out of my own collection. And I finished up paying 40% more for that diamond and kept it in my own collection because I know when I sold it, I didn't want to let it go, but I know how it could increase in value. And that's what this investment is all about. One eight seven seven eight silver and the real money show.com. Paul just mentioned Jeremy about, you know, getting into a piece of jewelry, the wonderful little piece of alliteration. You guys are wealth to wear, right? How does that work? Yeah. So, you know, we all have colored diamonds at Guildhall. My wife has a colored diamond and inevitably you go out for dinner or whatnot and people will notice it. And so I have lots of conversations with women who show their diamonds. And one of the things I've seen over time is that no matter where people buy their diamond, they are always, in most cases, a little unsure of what they got. They put so much faith into the person that they bought it from or the store where they bought it from. And at best, someone should really, really fall in love with that diamond and it becomes their best friend. You know, diamonds are a girl's best friend. Sometimes it's not always the case. You see a little sense of, you know, I wasn't quite sure. I felt like the, you know, you get that sort of, you know, the ring on their fingers if they are engaged. And it didn't really matter about, it could be, but, you know, when we, when we're selling diamonds, what we see over and over and especially for wealth to wear, which just to get to that, we help people custom design, it's bespoke jewelry. We'll have someone tailor that design. You pick a design, we'll tailor it for you, et cetera. The diamond picks them. They already know it's of absolute high quality. They know it's such good quality, it's considered investment grade. Pick what you want. We sometimes, and I've seen Paul literally have to tear a diamond out of someone's hand to say, I think that's the one that you should get. Let go. Let go. So that, that we do, we do help people find not only the perfect diamond, but then set it in the perfect piece. One eight, seven, seven, eight silver on the real money show.com guys with the few minutes we got left. Want to cover a couple of things. e-commerce and then back into a little boy and want to cover e-commerce. What are you guys? Sure. All right. You can do it now. You do it. So we do, we, we've launched e-commerce through Guildhall wealth management and it allows people to purchase smaller amounts of bullion and have it delivered direct or of course, they can just schedule to come and pick it up at the offices in Toronto. And so far, you know, seeing the price of silver in the last week, it did come down quite a bit and sales were quite robust. So it's a great easy way for people to get into gold and silver. And there is also the way to connect to our diamond site through there. And we do encourage everyone to go on to the diamond site. Look at the diamonds that we have. We have some diamonds that are coming and they're not quite ready to go up on the site. But you can ask us about that. But please visit the site, see the diamonds, pick something that you like, give us a call and we'll, we'll show you the collection in real life. Paul Jeremy mentioned the price of silver coming down. That is a good thing. That's what you want if you started investing, right? Like gobble it up. Absolutely. I mean, I will turn myself silver last week and this week. I thought it was a great price. In actual fact, I got a little article. The U.S. silver Eagle sales exploded on Tuesday of this week. When the U.S. men updated its figures on Monday, sales of silver eagles increased 700,000 to over 2.4 million. Then yesterday another 350,000 was sold for a total of 2,765,000 for the month of September. That's a big, big number. So what happens is when the price comes off, the smart people buy gold and silver, you know, we also offer a depository where you can store your, your metal with this. It's safe, secure. It's actually secreted and allocated to you. We can even give you bar numbers. It's a great way to go. You can put as little as 500 ounces into the depository. It's, as I said, it's safe and secure. We'll give you the bar numbers and that's also available. You have to give us a call. We're set up an account. It can be done within, you know, 24 hours and I think this is a great, great time to get into the market. You know, as we're recording this show on Thursday, the Dow is down 250 points. This could be the start of a huge, huge drop, which means gold and silver that's been beaten down for a while is going to move up pretty quick. Boyan, natural, fancy color diamonds. It is a good time. The number is 1-877-8-Silver and TheRealMoneyShow.com. We'll wrap it for another week. Go to the website. Call the number and start investing. What if you could have a streaming service that added new shows and movies every day? 165 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.