The Real Money Show
The Real Money Show - July 19th, 2014
Welcome to The Real Money Show hosted by Guildhall Wealth Management. This is a show about the incredible potential of owning physical gold, silver and natural fancy color diamonds. What they can do to protect and make you money in these turbulent times. A number to call always is 1-877-8 Silver, the website, therealmoneyshow.com. Welcoming our listeners as well at CHQR and Calgary. A little later on the show, we'll be talking to Dr. Jeff Lewis, the editor and publisher of silvercoininvestor.com. Jeremy, how are you? Welcome back, my friend. Thank you very much. I'm really excited to listen to this interview with Darren and Dr. Jeffrey Lewis. We've been following him for a long time. He knows a lot in the markets. We've leaned heavily on a lot of the articles he's written. So I'm really excited to have him on the show and to listen to what he has to say regarding the gold and silver markets. We did have a dip over the last week and a bit and the markets were especially in Asia excited about these dips. They seem to get bought up pretty quickly and low and behold, we're back up over 1,300 in gold and back up over $21 in silver as we're taping the show. So it's just more confirmation that the bottom is being placed here. We've seen over the last couple of years that the market did rise several years ago. We did have a pullback. This is definitely considered by most analysts in the market to be a healthy thing. It shows that otherwise the market would have kept going higher at that point. It would have had a blow off sooner and at a lower point than what we now have the opportunity for. I think when we look across the landscape of investments, so many things are overvalued. You look at the stock market, you look at real estate, you look at interest rates being so low. The opportunities are starting to get to their maximum points and that's why we're so excited about gold and silver. They did pull back. We're looking at amazing low prices to buy bullion at a time where the fundamentals in the market are as strong as ever. Creating money out of thin air is not a way to hold value. Gold and silver have held value for thousands of years. It is a hedge against bubbling currencies. It's a hedge against geopolitical unrest and what we've seen happening in Israel is certainly something that can spook markets. What we saw in Iraq with ISIS could spook markets. Industrial demand. We're at a point in history where silver has the lowest amount above ground at any time in history when the world is demanding it more so than at any other time in history. Back in 1980, when this market hit $50 an ounce, there was over 3 billion ounces above ground silver. There was 3 billion people on the planet. Now you're looking at twice the population and then some and you're looking at less than a billion ounces of silver above ground. We know that this story is not out there. We've been in business since 2002 telling the story about silver. If you want to know more about it, please give us a call. We'll certainly give you the package and give you all the fundamentals you need. The story isn't out there. You won't find the story on mainstream. There's a reason why we have this opportunity to get into gold and silver at this point. We see it as extremely undervalued at trading at $21 an ounce. The numbers 1-877-8 silver on TheRealMoneyShow.com, Paul, what do you think? Well, as we're recording this show on Thursday afternoon, the news was today that a plane was down over Ukraine, 295 people have lost their lives. It actually spooked the markets. The European stock markets were closed. The US stock market came off. The Dow is down about 64 points. Gold and silver automatically shot up a little. Right now, as Jeremy says, I'm a great believer in gold and silver. At the moment, it really is undervalued. You have to look at gold. It's been kept down for the simple reason that the US government has been printing so much money. The Fed has been buying with their quantitative easing as much as $85 billion a month in bonds. We're now down to about $45 billion a month purchasing, which is an awful lot of money to put into the market that's cheap money. The stock market has gone up extremely well, but it has not affect the average investor, the small-time player. The people that have made money is Wall Street. The big, big players in the marketplace have done very well. Again, we're looking at record highs in the Dow, but it's not really increased that much. If you look at gold and silver over the same 10-year period, gold and silver is still up almost 400%, even with the markets being off as much as 50%, 60% since 2011. We think the market is ready to move up in gold and silver. You've got to look at silver production. 25% of the silver production come from silver mines. The other 75% is byproduct of gold, copper, and zinc mining. If you keep the price of gold down and keep pushing it down, it's almost the cost of gold today, 1,300 and change is what it almost costs to bring it out of the ground. We know silver is undervalued. We think it's going to spike. You're going to see a very, very quick increase where you see $2, $3, $4 moves in a day and you wonder where this happens. It's sometimes better to be one week, one month, three months too early than one day too late. Let me reiterate, and the reason I say that, today the market, silver is trading around about 21.20 an ounce, gold is around about 13.50 an ounce. If you're waiting for this market to come off, you're going to miss the boat. These markets are going to move. What you need to do is get into the market at Guildhall. We are in the physical product. You can buy gold, silver, platinum, and platinum. You can take it home for home delivery. We don't recommend home delivery that much because you're jeopardizing. Again, if you're buying, let's put it another way. If you're buying a 100-ounce bar of silver, it weighs about 7-pound. If you're buying 1,000 ounces, it weighs 70-pound. If you're buying a couple of gold bars, you can maybe put it in a safety-positive box. But you don't want to leave gold and silver in your house. You don't want to be open to home invasion. You don't want to put your family in danger with burglary or anything like that. The second option we have is we have a safe, secure, depository that's insured. We can allocate, segregate, and even title the bars to you. Minimum account to open is 200 ounces of gold, silver, rather, and 10 ounces of gold. We've even got a premium, an offer that when you buy 200 ounces of silver, we're actually giving you a 1-ounce maple leaf with each 100-ounce bar and everybody that took advantage of it last week, congratulations, the offer is still available this week. And the third option we've got is financing where we can finance your precious metal for you by putting down as little as 20 percent. Also, if you need an investment package, John, why don't you give out the numbers and we can tell them how to get involved and get started in investing in gold and silver. Yeah, the precious metal advice of the numbers 1-877-8, silver, and the realmoneyshow.com. And I want to just get back to what we were talking about earlier in terms of the US dollar. The BRICS came together and they're looking to set up a reserve of $100 billion to bypass the Fed. In other words, there are many countries around the world starting to move the pieces. They want to avoid the US dollar. Now who wouldn't want to avoid the US dollar? They've been creating money handover fist for months and months and at this point years upon years. There is no way that their value of that dollar can stay where it is at this point. And speaking of that, looking at Janet Yellen, the chairman of the chairwoman of the Fed Reserve was testifying this past week. She got asked, point blank, our markets manipulated. She mumbled about high frequency trading for about 15 seconds and just stopped talking. Then she was asked, this quantitative easing, is that essentially creating so much liquidity that it's got nowhere else to go but into the stock market, which is fueling a stock market bubble at this point? She didn't even answer that question. She went straight to, well, low interest rates create an atmosphere where you'd want to borrow money and then just dropped it. She's doing the dance. She's doing one hell of a dance. And at the end of the day, the brick nations and showing that they're trying to avoid the US dollar saying, look, if you're going to have a fiat system, you have to have a certain discipline for that system, which means you can't just start creating money out of nowhere. And so the US dollar will reach its intrinsic value, which is zero. And this is why it's so important. We believe to have a certain amount of hard assets like gold and silver or even a natural fancy color diamond in your portfolio. We'll take a short break, the number to start investing, no better time, 18778 silver, the realmoneyshow.com guy. When we come back, we'll be back with Darren Long, who's going to sit down there. First part of our interview with Dr. Jeff Lewis, the editor and publisher of silvercoininvestor.com. And back with more of the real money show, 18778 silver and the realmoneyshow.com. While you're there, take advantage of the precious metal advisor, Darren, special guest on the show right now, Dr. Jeff Lewis, the editor and publisher of silvercoininvestor.com. So welcome, Dr. Lewis. It's a pleasure to have you here with Guildhall and the real money show today. I'll get right into the questions we have. As a firm, since 2002, we've discussed cycles on our show and how cyclical the gold and silver market have really been since the beginning of this bull market. How would you explain the most recent correction of the silver price since 2011? And really, what factors have played a role in getting us to where we are right now at this point in time? Well, that's a really good question. I think it brings up the classic market commentary follows the price action. But what I believe happened in 2011 after we ran up to $49, the price of debt, is that that was the result of a shortage that had been developing since 2008 when, as you remember, the price went from $20, which was historic at the time all the way down to a little over 8. And at that time, you had what we got a hint of in 2011 after the sort of first 30% decline overnight, and then the second 30% decline a month or two later, and I'll talk about that in a second, but you saw across the land a somewhat of a shortage developed, especially in 2008. I think that that was the fuel that led to the move up along with some short covering, that the big bullion banks who are the main players on the COMEX, the main price discovery, mechanism for silver and gold and various other commodities, as you know, kind of fueled that move in sort of a parabolic rise, but not one that was totally a short covering, one that came out of a shortage. And, you know, I think you have to back up and say, you know, admit, or at least acknowledge that what I just said before, the most important place where prices discovered is very much a managed affair, and it's not so special to precious metals, everything is pretty much managed. I mean, if you look at just from the top down interest rates, whether it's LIBOR or the interest rate that's set by the Fed, I mean, this is classic price control and manipulation. And so you have to start there. And then, you know, you can slowly bring together the fundamentals and also bring in the macro picture, the geopolitical picture and power aspects, you know, ultimately where we're headed. Right. In the short term, it's, you know, what happened the last couple of days is a classic example. You know, gold was hit, both metals were hit, silver not as bad, which is impressive and noteworthy, and it gets people like us very excited because we think, wow, it held up pretty well on this, you know, severe, you know, hit, but, you know, uneconomic selling that happens, you know, in the middle of the night, you know, it's classic for a, you know, it's a move that was triggered by a very powerful entity, usually a bullion bank that has the ability to, you know, use the tools that are friends at the CME allow this high-frequency trading to, you know, kind of trick these making hands when we, other weak speculators into coughing up positions and down goes the price. And then, of course, you hear the commentary and this is that and, you know, you guys talked about on your show that the geopolitical picture, all of the reasons, sort of the natural reasons why someone wanted to be in a safe haven, especially a physical safe haven, have just, you know, it's sort of spiraling out of control. Absolutely. I mean, fundamentally, we kind of have formed a basis for our analysis on why gold and silver has risen and will continue to do so, but those four points certainly lend themselves well to other commodities also. But this also brings about a point in an article that you wrote called The Perfect Crime and The Flight of the Modern Silverite. It was a wonderful article, by the way. There were some quotes in there from other analysis, but you're, this particular quote, and I'll read it out here. It's called Desperate Times Call for Desperate Measures and the desperation to buy and hold metal should simply be proportional to the desperation of the will of monetary powers to maintain the status quo. When I read that, I had to read it again because it made not only total sense to me, but it might imply that the average investor carry a very significant or very disproportional amount of bullion in their portfolio because, as we know, the powers that be have had a very, a very, very disproportionate amount of influence or significant influence in maintaining that status quo. What are your thoughts on that? Yeah, I think that it's hard to, you know, the difficulty that we have is, you know, conveying like the level of risk that, you know, we're all kind of walking, the thin ice that we all walk upon right now and to, especially to the, it's hard to convey the message to the individual, you know, and when it comes to what the individual should have her own, I think it's a tough decision because it's complicated, everybody's a little bit different, everybody has a different, they're coming to it from a different place. Sure. And what I think that when we talk about this particular topic, you know, it's important to step all the way back to, you know, worst case scenarios, which of course, by the way, we are walking on the thin ice of these worst case scenarios all the time, that's what I mean by this desperation, you know, there is a, I think a cyclical, a, you know, a generational need for the errors or the, you know, the expansion of debt and credit and, you know, and money that's happened over the last 40 years or more, you know, needs to correct. And, you know, the financial powers that be, the Fed, the central banks of the world are doing everything they can to stop that from happening because it will destroy themselves, you know, and so they're sort of out to protect their members and that's the desperation. And so, if we think of what they're setting up as the potential for a major disaster, like a natural disaster, let's say, like an earthquake, I live in the San Francisco Bay area, so earthquake should be on the minds of most people and ironically, it's not. Right. Who live here are not prepared at all, you know, most of my neighbors, you know, it requires like a, it's a subtle conversation, but, you know, you need that people need to know that, you know, we're due for one, but this could apply to any place where, you know, there are national disasters, which pretty much covers everywhere, whether you're in tornado alley or if you're living on the East Coast and there are hurricanes. So I think that, and that's a hard mentality for people to grasp, but once they do and they see that that potential is there, then that at least they have something in their preparation kits in their earthquake, they could begin to form one in their mind, but then in physical reality. And then that enables people to then, I think it gives them a segue to understand the greater dynamics to see how thin that ice actually is. And so, I know I didn't answer the question directly. I don't know how to say, for, you know, it depends on who it is. If, you know, I really want to help people get in there, get positioned, get comfortable, and so if someone asked me directly, I kind of have a few questions for them. Like, where are you? What do you think? Sure. Let's talk about it. And, you know, we kind of go from there. But I do believe that that desperation should be matched by not just what people acquire, but what people, the understanding. One of my favorite bumper stickers, and I don't think it is a bumper sticker. I think maybe Chris Powell has got a, you know, said it, but I can't remember who said this. You know, I can explain it to you, but I can't understand it for you. Right. And so getting to that understanding is, it's tough people need to hear it a bunch of times in order to take action and to move, so don't mention the question. Well, no, again, it's just that I think we both agree that the desperation of the governments around the world to maintain the status quo is arguably the highest it's ever been. And as a result, if one were to pair that with what they should be owning, among other assets, gold and silver would be two good assets to own in a portfolio. And that's what it comes down to. When we discuss on the real money show, the art of misdirection, which kind of stems from this too, when it comes, especially the Fed policies in the US government, it's something that we talk about. And Gerald Solente calls them prostitutes. It's really, it's a, it's a mass undertaking of many various levels and they're moving components all over the place from the central banks to the Fed policies to the governments themselves. But it feels as though the US and to a great extent, the global economy is becoming increasingly unstable once again. And I'm seeing a lot of science and writing on the wall that are telling us, hey, we're kind of approaching some very similar ground to what we saw in '05, '06 and '07 coming into that huge economic downturn. What is your take on the real situation of the US economy and what, if any, impact do you think it's going to have on long-term gold and silver prices? Well, I think that first of all, there's, you know, we have to be clear on what we're, there's two major entities that I see happening at the same time. So there's finance and then there's the economy. And so we confuse the two a lot because finance is so large that it becomes, when people talk about the economy, they're really talking about the financial system. And the financial system is desperate to keep itself going and keep itself alive. And it's very, again, back to the thin ice or fragility. It's, you know, at risk of breaking at any moment. And the danger to the financial system crashing or collapsing, it's not just that, you know, banks go out of business or the members of the, that make up the federal reserve or central banks will go down. It's that it will cause the underlying economy to break in ways that are very difficult to reflate or impossible to reflate. In other words, for example, let's say, if the financial system were to collapse, then the systems that, that underlie the ability for money to move around in the economy, whether I, it's similar to what the SWIFT system is about. So using your credit card at a gas station or the credit system that is responsible for trucks delivering food to grocery stores or to oil, that system breaks because it's, it's not, it's not a very redundant system. It's sort of managed by just these major, you know, few major entities that have actually consolidated since the last crisis. And so that is a pretty incredible, you know, risk out there. And so the economy itself is, is never going to go away. But it can be, I guess the word, one word could be, you know, it could be suffocated even more by this, you know, financial system, which, by the way, is already doing a good job at suffocating the real economy because it causes the misallocation of capital. It creates, you know, erroneous saving or it eliminates saving, so you don't have capital. So there's no real investment or it, it, it, it, it, it just breaks and it, it prevents it from actually growing in any kind of organic sense. And so I think that, that's a key and sort of a key relationship to the keep in mind. And so all of what we see, all of what we hear about those things are getting better. I mean, that's a, that comes directly from this machine, which is a, you know, sort of a spinoff from, you know, the financial system. Right. So I mean, I guess it's possible that you would agree then that gold and silver as a result look very poised to potentially go very high in the long term then as a result. Right. So, you know, if you have a financial crash and well before that happens and as that happens, like, let's say we get a deflationary crash, they're going to do everything they can to reincolate to keep the things going, to keep the government going. And that is probably the direct link to money velocity. But if the velocity starts moving, we start seeing real inflation, people naturally figure it out that they need to have stuff that tied down, that things that are physical and all across the board. And of course, the metals will be the first thing to move. And, you know, it probably will come with a lot of propaganda about how, you know, you shouldn't do this. You're hoarding or this or that. And, you know, silver, they get caught up and it's a, you know, it's a strategic metal. You know, people shouldn't be owning it because we need it for the bombs that were, you know, we're no doubt we're going to be dropping on other all sorts of places in the world to try to, you know, a sadly war tends to be a catalyst for, you know, or an excuse for growth. But anyway, you know, you're right. I think that the metals could, you know, just like we've seen, have another uneconomic move down, which would probably wash out even more people who are on the fence or people who are new to this, you know, and then, you know, it's in that reflation cycle, you know, because what's happening is that underlying all of this, the dollar itself, any fiat currency itself, it's being called into question. And so then, you know, how do you even value it? It's really what I like to say, you know, ounces matter more at that point. I think that crucial right now, but it becomes like visceral, you know, at that point. We always, yeah, well, this is a good point because we always say to our clients, it's great to own and speculate on bullying and certainly we've had some great cyclical moves and peaks higher. But if I'm an investor, I really am praying that I don't have to cash in that insurance policy because if I do, it means all heck is broken loose. And that for me, economically, I wouldn't really be worrying about gold and silver so much at that point as I would just, you know, getting through day to day. We'll take a short break here on the Real Money Show. The number to start investing one, eight, seven, seven, eight, silver. The website is therealmoneyshow.com. We'll take a quick one and back with more of our interview with Dr. Jeff Lewis, the editor and publisher of silvercoininvestor.com and back with more of the Real Money Show. One, eight, seven, seven, eight, silver is the number to start investing the websites therealmoneyshow.com. Let's get back into this, our interview, part two, Dr. Jeff Lewis, the editor and publisher of silvercoininvestor.com. And speaking of what you touched on before is the need for the average investor, average person in general, really to go beyond the headlines. It's something we've talked about extensively on the Real Money Show and myself personally have written about it at length, at nausea at some points in time regarding the amount of knowledge that people are retaining and how they're understanding that what the headlines are is not necessarily what the truth is. We have become very numb to the idea of bailins or money printing and quantitative easing. And one thing that our listeners do ask on a regular basis is why in light of all these economic hardships have precious metals not shot way higher. And we touched on it before, but really my take on it is that it's a simple answer and that I believe it has been manipulated lower and at least it has been they've done a good job of maintaining certain price ranges when they've needed to. What is your take on that? I mean, I have an agreement with you, I think that the price manipulation in silver especially has gone on. It's just an outgrowth. It's a decades-long problem. It's been there for years and years and years. It comes out of the hunt-brother era. It comes as a secondary to the demonetization of silver that happened in the early to mid to late 60s. So all governments like to keep commodities at or below production costs and it's kind of an outgrowth of a security or strategic thing, I believe. So yeah, what you see on a day-to-day basis is the allowance of the foundation for all of this. It's having one to four entities that hold a massive number of the short side. There's definitely a long for every short, but the number of entities that hold the short side compared to the number of entities on the long side is way out of balance. And in and of itself as manipulation, you don't even have to even—it doesn't matter if they're hedged anywhere else if that they have that position to begin with. Sure. And what they're allowed to do is then paint the tape so that the rest of the players, which also as you know, happen to not be users and producers, at the most important price discovery mechanism, you know, place in the world, you know, there are no—the miners are not involved there. So you have now painted the tapes so that the speculators are just chasing momentum and trading. And that's actually what most people see on the surface because that's what gets onto the news. People are mesmerized, just like they're mesmerized by any screen that shows that I'm a chart that says, "Well, here's the resistance line here. Let me interpret these tea leaves for you." But those are manufactured tea leaves. Those are manufactured, you know, screen savers or whatever, you know, they're not reality. And so, you know, we're all fascinated by, you know, what's happening in the moment we have access to all this information, but, you know, from what you said in the beginning, you really have to—you have to open up and you have to take the chance, I think, and, you know, look beyond the headlines. And, you know, assume that, you know, anything you see is not necessarily reality, especially what you see in the mainstream media, or the lowest hanging fruit of information is—and you know, I used to take—I used to get the Wall Street Journal and every morning I would go through the—the front section and, you know, with a bullshit detector and figure out where this—what they were trying to say, what they wanted me to think by the headlines and, you know, every day, it's, you know, one after the other. And the Wall Street Journal is one of the most reputable, you know, news pictures in the world by trying the financial, you know. Sure, of course. Well, I mean, it's—it's—there's a lot happening here, too, in Canada, as well. And, I mean, most of the analysts I speak to on this show, they have some idea of the Canadian market as it relates, certainly, to the U.S., because most analysts are out of the U.S. And when you look at the world as a whole, the point that I take away from the truth behind the headlines is that I think what should have happened after 2008 and 2009, and certainly since then, is that people should be far more in tune with what's happening, especially when it comes to their money. But I think because of the situation, they've been put off so much that, in fact, the result has been that people are less in tune. People don't know their money. When I go to seminars and I give seminars on bullion all the time, one of the very first questions I ask is how many people are invested in your equivalent as a 401(k), but here we have RSPs or what they're called, mutual funds, you probably know all kinds about them. But when we talk to our investors, very few of them know where their money is. I'm lucky if I get one per audience that actually can even name one of the funds they're invested in within their structured funds. And it's sad because it scares me to the life out of me that people don't know where their money is. But at this point in time, what do you think the likeliness is that we would ever witness a bail in in North America? Do you think that things are shaped up or could shape up towards that direction? And if so, again, would people run from gold and silver into cash most likely? Do you think that they'd be smarter or more intelligent this time around that if some type of event like that occurred, they would actually want a safer asset? Well, I think that's a small percentage of people will figure it out and run to or load up more and kind of see it. I think the vast majority, unfortunately, are going to be like boiled frogs, that old saying. That's right. Because it's happening right now, you know, in the U.S., you know, that Obama announced this my IRA, my Ra. You know, that came out of, there were two years ago, it was a conspiracy theory that, you know, the government was going to come after your retirement accounts. And how are they going to do it? Well, they're going to convince you because of volatility in the market that you need to have some, you know, safe haven that's government backed and everybody thinks government backed is like, you know, that's the safe haven, right? Right. Of course. And so, you know, this is it. It's here already. My Ra is the reality. And so people who don't like you say, you talk to people and they have no idea because it hurts almost. It hurts their brains to even think about it because it was such confusion, such chaos, so scary. The world almost collapsed. You had people, you know, and then billions of dollars become trillions of dollars and, you know, it's very difficult to think about those things when you're, you know, you have a busy life and then we all have, you know, a million things that we do every day. And so to have to worry about one more thing, that's just like, let the people who are smarter than us worry about it. It's amazing. But, you know, because you would think people equate money and wealth and wealth as like, you know, a whole different category of what it really is, and yet maybe because I'm just sort of thinking out loud that, you know, we've lost the connection, you know, because people think that this currency that we have is real wealth or real money that, you know, because of the disconnect people, you know, it's just, that's what happens with socio-cultural standpoint. People lose the idea of what money and wealth is. I guess that makes sense. But. You know what does, totally. You know, so myra is one example, you know, there's, there's a major pension problem in the US, you know, while the immunity sector has done okay lately, you know, that's a, that's a major issue, retirement accounts in general represent the low-hanging fruit of, you know, trillions of dollars out there that could be electronically, you know, compensated overnight. I mean, you see that the SEC this week was voting on mutual fund redemption limits. Again, this was talked about during the 2008 crisis where people were trying to pull money out of money market accounts, and there was like a run, and this, the, the break of the book. I don't know if you remember hearing about that, but- Oh, yeah, no, absolutely. Yeah. So this week we have the SEC, like what the most difficult, you know, organization, they can't see that like HFP is alive and well, it's right in front of their faces, like, but yes, yet they're voting on redemption limits, and that people in times of crisis, the funds can block redemption on a run, and, and so, I mean, it's just little baby steps toward legalizing, you know, the ability to confiscate on, you know, in the moment. And that's how it happened, you know, Cyprus was a template, the IMF like approved of it. So, you know, they made, they made it a legal, they, you know, the biggest story I think that came out of Cyprus was that there was a discussion about how it's actually, it was actually legal. You know, you don't really own your deposits. You know, that's not your money. That was like one of the major provisions from this is like, you know, that actually is across the board and people sort of looking at the fine print and they're like, oh yeah, I mean, it's just like manipulation, like, you know, the gold manipulation, it's, it's actually a legal, it's, it's legal for, now I'm likely on the organization, but there's, there's an emergency organization that's an outcropping of the treasury that they can win times of crisis, you know, work in 4X or currency markets. We call them the plunge protection team. Yeah, exactly. Yeah. Well, it's been around since the Reagan era, but it's, it's something that I'm sure worse objects here too in Canada as well. I mean, that's, and that brings up an interesting question as far as currencies are concerned. What do you think is the likeliness that we're going to see people, not people, whole countries move away from the U.S. dollar in the coming years? Do you think that that is the more likely scenario that people are going to start central banks in whole governments are going to start countries, start forming far more bonds with, with regional entities in order to do trade in different currencies? I mean, it's happening already. I'm just wondering to what extent you think, right? I think that, yes, yes, sorry to interrupt there. Yeah, it's happening already. I mean, the BRICS yesterday formed, they signed an agreement, a mutual agreement. It was, you know, to start a, basically their own, their own currency, their own entity, their own ability to use swaps so they can move around the dollar, so they didn't need the dollar for their, you know, trading liquidity, which the dollar has always been very important at the center of liquidity. So it is happening, you know, your Russia has, you know, you saw the headlines were, you know, the Russian oil company Gazprom signed an agreement with China, and then there's always talk about rubles being used instead of a dollar. So it is, it's definitely happening, and if you travel around the world, there are definitely some places that still accept dollars, but there are other places that are, you know, if you get a sense for people on the ground, you know, the dollar, and, I mean, you know, it's funny, it comes back to, if you have a discussion with someone about what backs the dollar now, they will say, well, you know, there's no official backing, but it's, you know, it's the government backs that were the, you know, it's backed by this, you know, good faith and credit, or it's backed by the military, or it's backed by oil and some quasi way, or it's just backed by the idea that people really just want to live here because it's, you know, it's still this, you know, the center of civilization, and that's fading. They know people have, I really give, I mean, people outside of the U.S. anyway have really given up on that idea a long time ago, and they don't see the U.S. as the center of everything anymore, and so because the dollar is such a political, faith-based kind of behavioral currency as it were, you know, you're going to see a sort of, you know, like a shift, it's kind of an unofficial shift, or like an abstract shift away from it, you're already seeing it now, and you're seeing it, you know, happen, and literally, you know, especially with this announcement, some of the bricks is a big deal. Yeah, I mean, I think that it's kind of the notion that if liquidity ever became an issue as far as it relates to the U.S. dollar, it would create a tsunami effect because, you know, once that occurs, that would signal a huge loss of faith in something that everybody has had a tremendous amount of faith, even in the most terrible of times. I am interested in where that U.S. dollar index gets to, and certainly its relationship to gold is well discussed and analyzed, but the point of no return for us, I mean, we have definitely taken a very extended look at the economy. We are telling investors right now that holding bullion as much as 20% in their portfolio is a smart thing to do. I'm certainly not going to turn to you, Dr. Lewis, and ask you for your opinion, given that I'm sure you don't want to give financial advice to our clients and investors, but should investors be protecting themselves and we touched on it before earlier, do you believe that the economic climate we currently have is going to lead us to another type of event similar to what just occurred in 2008, or do you think right now it looks as though we're going to pull ourselves out of this? I think we definitely have, I think it's unavoidable, nothing lasts forever. None of these currency regimes, once they get to this point, we're at the 40-year mark with a fiat dollar, it's just, we're at the end of it, I think, and it's going to get more chaotic and you'll hear more people desperately push back against the possibility. You hear it now, if you can get anybody to talk about it, I mean, you may hear it because we focus on who's actually talking about it. Of course, most people have no idea that it's happening and that's why I think that a lot of people are going to miss the opportunity to shift out of this, because most people think, oh yeah, I'll see it, I'll read the paper and he'll tell me that, oh, I better get out of the dollar, I better move some money around, it's not going to happen that way, it never does, most people will wake up one day and say, wow, what just happened? I just lost, just like in 2008 people a lot, they forget, it's amazing to me that in just five years, five, six years, people have forgotten that the trillions of dollars that were wiped out basically overnight, it's just, it's incredible, but yes, I think that, I don't think that this can, or no, actually this can't come on for much longer and we're seeing this sort of slow motion train wreck, I guess, we're living through it, you and I and your listeners and people that I talk with are just, we happen to be in the car watching this accident happen and it's in slow motion right now, but for the rest of everyone else, it's going to happen like, wow, I just got, you know, I remember Mike Tyson is attributed with this quote and I don't know if he actually, he actually said it, but it was, you know, every boxer walks into the ring with a plant and then they get hit in the face and, you know, I think that's kind of what the, what it's going to be like for people, they, people know it on the surface, but they don't know it, you know, deeply and so they don't, they're not going to respond until they get hit, when they get hit, they'll immediately know what they should have done. Sure. Very clear. Well, hindsight is 2020, right? I mean, we've been experiencing it now for five or six years, but despite the fact that pretty much everything dropped in value, a bullying was one of the quickest of all the commodity class, all the asset classes, especially the hard asset classes, one of the fastest to recover and that's certainly saying something in terms of where it's gone since then certainly been ranged bound, but before I let you go, I wanted to say one thing. We definitely here at Guildhall, we believe in holding physical bullion and we believe that if you're going to participate in the precious metals market, although there are all kinds of things you can do, that the physical bullion is the best way to go. We know that there are different ways to store gold and silver, whether it's certificate form, whether you're participating in the equity markets or other options too, but can you explain if you have an opinion on this? How important it is to have if you hold bullion in depository or if you hold stored bullion? How important it is to have this allocated, segregated, insured storage and we offer serial numbers and finest impurity for titled ownership and of course that brings no third party liability. Do you have some type of opinion if you're going to store bullion, whether or not that's the smart way to do it? Yeah, I think that if you just start with possession as the intent of the law and if you can make as clear a case as possible that there's no interference between you and what you own or it's very clearly documented and you have evidence of that documentation all the way down the line, then you're covering yourself and if you're not going to hold it in your actual physical possession, then you need to be very clear like you guys do about having these, you know, just every part of it documented and you know, maybe you keep the documents of the safe instead of the metal if you prefer to have it sort of a depository, but you need to have, you need to kind of think of it first as if, yeah, yeah, you need to eliminate as many potential chances that someone else could say that this is mine. Sure, sure. Well, we both agree probably that there's certainly enough evidence to suggest that that's happened in the past. So this is a good way to do it. I will say this, it was a pleasure speaking with you today, Dr. Lewis. How do our listeners, if they'd like to get in touch with you, ask you questions, perhaps give you some feedback or ask questions about any of the writing material that you're producing, any of the analysis that's out there, what is the best way for our client, tell our listeners to get a hold of you? Thank you. There are two ways. So our main website is called silvercoininvestor.com. You can write it or you can type it at silver-coin-investor.com. That's our main website. It's for beginners, for intermediate investors, there is a, you'll see, you know, promoted a free guide and a free e-course that, sign up for that, that gets you in on the list and then you get updates about whatever I'm writing about. And it also gives you direct personal access to me, just by replying to any of those emails. We also have a membership program that goes, it's for a closer group, people that, you know, I've known for years, people that want, even more information who really like to read. That's called lewismarionnyresearch.com, it's the lewismarionny silver letters. You need, first, sign up for the pre-course and a free guide and e-course to let me know that you're interested in that and then I'll send you more information about it, but it's a private membership program, but that's it. Thank you. I really appreciate the time. We appreciate your time, Dr. Lewis. We wish you well and hopefully you'll know that you're a welcome guest anytime in the real money show. It was great speaking with you and hope you have a great day. You too. Thank you very much. Super, take care. All right. Nicely done, Darren. The number to start investing is 1-8-7-7-8 silver. Make sure you go to the website as well, therealmoneyshow.com. And back with more of the real money show, the number to start investing 1-8-7-8 silver, therealmoneyshow.com. Hope you enjoyed our interview with Dr. Jeff Lewis, the editor and publisher of silvercoininvestor.com. A short time ago, Jeremy, you were talking about fundamentals. Give us more on that. Yeah. We didn't really talk about inflation. We talked about, we talked about dollar declines. We talked about geopolitical unrest. We talked a little bit about the supply-demand aspect. But inflation is a really strong one. We have a great chart we put out this week in the precious metal advisor, which is called the breakfast chart of year-over-year inflation, 2013, 2014. And this is U.S. numbers. Things like butters up, 18%, cocos up, 8%, orange juice is up, 12%, sugars up, 6%. Have a coffee. That seemed too extreme, so I left it out. Right. It's 72%. That's crazy, right? Which is crazy. And the fact of the matter is, inflation is all around us. If you pay insurance, if you're paying gas... My glucose level is also up, by the way. If you're paying gas, costs are going up all over the place. If you're looking at 6% or 5% a year inflation on a 10-year basis, that's 50%, are you gaining 50% in your savings account? In the least risk that you have on your investments, are you gaining more than 5% a year? And this is why I personally love silver because I've always said silver is savings. Just put it away. All it needs in the next five years is to beat that 5% a year. It's okay if it doesn't do anything one year over the next year. On the long term, are the fundamentals in place for silver to beat 10% a year? I believe so. And one of the things that we also see that happening with is natural, fancy colored diamonds. Even in our entry-level diamonds, we're seeing double-digit returns year-over-year. Now that's not guaranteed, but what we do see is that colored diamonds have never gone down in value, which is amazing to see, and that's a testament to their rarity. Now if you add the rarity to finding the type of quality that we have at Guildhall, now you're looking at the type of diamonds that you are continuing to see double-digit increases. And that's what's going to help you beat inflation. That's what's going to help you continue to maintain your lifestyle in the next 5, 10, 15, 20 years. One, eight, seven, seven, eight, silver, and the realmoneyshow.com, I know, Paul, I'm a big fan. You are of natural, fancy colored diamonds. Well, absolutely. What Jeremy is saying is 100% correct. Why, thank you. The diamond values are natural, fancy colored diamonds, especially the type of diamonds that we purchase and we go out and find for our clients. Ten to double, you know, four to five years. I mean, if you're buying a two-carat vivid internally flawless, that is the type of diamond that could actually double within four years, a fancy yellow internally flawless, which is a little lower grade, may double every six, seven years. It all depends what the market is. Pink, algal, pinks, you've got to take into account. The algal mine is closing in 2018. The type of algal pinks that we have on our website, and you should have listeners out there, go to Guildhalldiamonds.com. Look at our website. Look at the pinks. Look at the yellows. You have more algal pinks, VS quality than anybody out there, probably, in the world right now. Internally flawless yellows, unbelievable collection. You can get into this market for around about $12,000 on a fancy internally flawless, just over a carat and in that range. You can get into a vivid for, you know, $35,000, $40,000. It's like real estate, it's location, location, location. It's the same thing with natural, fancy colored diamonds. And just like real estate, what we love and what we see consistently is that if you're purchasing a diamond in the hundred, 200, 300,000 price range, these are diamonds that are so rare and so difficult to procure, the gains have been absolutely phenomenal in the last several years specifically. And these are diamonds that are not in a bubble. Every time there's a massive auction, someone asks the analyst, "Is the diamond market in a bubble in colored diamonds?" They always say, "No, there's so much more room because they're not building any more diamonds. They're not creating any more diamonds." And so if you're looking at the real estate market and saying, "Okay, you know what? Maybe it is looking a little bit overpriced at this point. Maybe I should be looking somewhere else for value." We believe that that is definitely showing in the colored diamonds. Of course, you have to learn about it, but everyone had to learn about real estate. They had to figure it out. They had to sign a whole pile of documentation and a file folder with a lawyer, and it's a lot more discreet with colored diamonds. It's a lot easier. It's a lot easier to learn about the market, and that's why we provide all the information for our potential customers in colored diamonds, but it's such a fascinating market, and we have so many clients that have purchased from us who end up purchasing multiple diamonds because they really see the value in it. They see the beauty in it. They see the type of returns that they're getting on their appraisals year over year. So it's quite an exciting market to be part of. Well, two part of appraisals. We have a diamond up on our website. It's a 1.75 vivid, internally flawless, oval cut diamond, and I've got to tell you, we've just put the price up to 132,000. The price was 105, and ask me why we put it up. Well, the diamond is increasing in value. I own the diamond. It's up on the website. Originally, this diamond was appraised at 124,000 three years ago, and we had it on the website for about $70,000. So in three years, the appraiser's gone from 124,000 right now to 220,000, and the selling price has gone from just over 70,000 to 132,000. What a return. That's a pretty good return. I don't care whether you buy it from me this year, next year, the following year, you're going to make money. I'm going to make money selling you these diamonds. The biggest question people have is how do I sell my diamond? We have a booklet that's just being put together by Nicole. My daughter, she's a GIA diamond grading graduate, and she's put together a booklet of how to sell your diamond through Guildhall, and that's going to be offered on our website, and please give us a call. We'll be happy to send it out to you. That'll just about wrap it for another week, fellas, here at The Real Money Show. The number to start investing, 1-877-8 Silver and TheRealMoneyShow.com, got to think once again, Dr. Jeff Lewis, the editor and publisher of silvercoininvestor.com. Between that interview and all the information you get here each week, it is no better to time start investing in natural, fancy color diamonds and owning physical gold and silver as well. The Real Money Show, right here. He's an exceptional assassin. To celebrate the thrilling new series, The Day of the Jackal Showcase and Stack TV are giving one lucky viewer the chance to win a trip to London, England, head over to our Instagram and see the contest posed for details on how to enter, and watch the new series, The Day of the Jackal, premiering Thursday, November 14, only on Showcase, stream on Stack TV.