The Real Money Show
The Real Money Show - March 15th, 2014
The Real Money Show with Guildhall Wealth Management and John Scholes from Saturday, March 15th, 2014.
and welcome to the Real Money Show hosted by Guildhall Wealth Management. This is a show about the incredible potential of owning physical gold, silver, natural, fancy color diamonds and what they could do to protect and make you money in these turbulent times and number to call anytime 1-877-214-1711 online at therealmoneyshow.com. We got Jeremy Weisman and Darren Long in here on Studio Today. Good morning, Phyllis. How you doing, John? Good. What is happening? What is the update we have? What it's been extremely busy week and one in which I can honestly say has been for Guildhall, one of the better weeks we've had this year so far. There has been demand coming from left and right. We had some buyers that came out of country. We've been doing depository accounts this week. Silver is on fire. Everybody is hoping for a little tiny bit of a pullback. I don't know if it's coming. I can't really predict that in short term, but because of the movement up, because of what's happening in the Ukraine and the geopolitical problems with the West and Russia, there is a lot of information and people have been sitting on the sidelines for so long, John, hoping for this, that now it's just overflowing and people are coming to the forefront. I mean, let's face it, who shouldn't be buying gold in silver right now when it's this cheap, when the expectations are so great for something? You can only pull the wall over the eyes of the average investor for so long before they come to the realization that what they were used to making money in is no longer feasible. They got to look for alternative investments, and so many people are doing that right now. It's something that's really scary for a lot of people. A lot of people don't want to change tracks. It's learning about a different market, scary, and unfortunately, the alternatives are getting smaller and smaller. We talk about it all the time on the show that there's no savings interest available to anybody, so the only way to make money is to speculate. There really is no safe way unless you're going to go into GICs and that sort of thing, which you're not beating the rate of inflation, so it's a very precarious situation if you have a masked wealth. Darren, I know you guys are having a seminar coming very shortly. These secrets of wealth preservation seminar coming up on the 29th, plus you got some specials on. Boy, tell us about it. We do, and it's important. This is the way we can communicate and educate our potential investors for those that are interested that have been thinking about buying silver gold, wanting to know about color diamonds or ready to invest. This is the place to be limited seating. It's Saturday, March 29th, 2014. It'll run from 11 to 1230. It's at the Supreme event, a luxury event venue at 8,311 Weston Road in Woodbridge, Ontario. It's 8311 Weston Road, Woodbridge, Ontario. Guildhall wealth in cooperation with Guildhall Diamonds is going to be hosting this event. Jeremy, myself, Paul, Nicole, everybody from our office, all the experts are going to be there, a chance to ask questions, a chance to get invested. If you especially don't have the time to come in a weeknight to the office or during the week, this is an opportunity for you. We're going to talk about physical gold and silver bullion, how to store it, how to buy it, what's involved, what does it entail, as well as natural fancy color diamonds. And this event is going to bring all of that together in one simple setting. And it is far more than a seminar for those that have been looking to diversify their wealth. Here's the opportunity. I mean, you shouldn't be sitting around. You should be going to the website on guildhallwealth.com. You can register there as well as Guildhall Diamonds. You can register there as well. You can call us. John, when you give out that number, people can use that number to register. Tell us they want to register for the event and we'll get them in there. It is limited seating and it is something that we believe would be extremely valuable. The number one, eight, seven, seven, two, one, four, seventeen, eleven. Talk about the special on silver as well. Okay. Well, for every hundred ounce bar of silver bought this week, after listening to the show, we're going to give one ounce silver maple leaf free of charge for every 100 ounce bar of silver. In addition to that, every two ounces of gold that is bought, we are going to give a free one ounce silver maple leaf. These are what we believe will help people to understand how diversification works, how to hold more than one metal, how to spread your wealth out a little bit between one or more metals. And these are on accounts for people that are opening depository accounts, whether it's a premier or an elite count. You can take the silver maple leaf home with you or put them in your account, whatever you like. You could even add more to it if you'd like, but those will be free of charge for anybody who buys a hundred ounce silver bar or two ounces of gold. And those are for depository accounts. In addition to that, we will be talking about natural fancy colored diamonds later in the show, but I want to remind everybody, for the month of March, there is no tax. We will eat the tax on all colored diamonds on the site. And so far it's taken off. We've sold three myself alone, three this week and Jeremy sold some too. So everybody's on fire with that as well. Yeah. We just put out a notice to people who are on the precious metal advisor. As well as our diamond clients. And we've already had several diamond clients take advantage of that discount as well as people on the precious metal advisor have already taken advantage of the discount. And we've sold I think four or five diamonds thus far. Still some to look at. We still have two diamonds coming in. We'll talk about that in the next segment. But definitely this is one of those things where if you're on the precious metal advisor, you're going to get that news before before we air it on the radio. So you want to be part of that as well. And you can get that at the real money show.com is correct. We got a market update for you. As we're taping the show on Friday, gold is trading in the 1380 range up to date information. This is the year to date movement in gold of about 14%. Resistance was smashed this week. And we told you so 1350 would be the resistance area. And now it seems as though 14 is on the doorstep. And we are literally looking for two clothes above 14 to put very serious pressure on those that believe the price is going lower. They would be forced to cover. And this could present a real good opportunity for a quick swing up of $100. In silver, as I do tape the show right now with Jeremy, we're trading in the 2150 range. The year to date is about 9%. Resistance remains at $22 and 2250. If gold breaches 1400, expect a move towards 23 to $24. Now this week was good for metals. Gold rose in a single day on Thursday alone over a point and a half, one and a half percent or $20 per ounce. And it hit fresh new six month highs was earlier in the week, five months high. By the end of the week, it became six month highs. And it's continuing into Friday. We saw the price up this morning as high as about 1385 1390. And silver on the other hand rose by about two and a half percent as well as just about 45%, 45 cents on Thursday. Well, right now, the biggest factor that's driving gold prices at the moment is the increasing tension between the West and Russia over Ukraine. Everybody in the market knows it's not a hidden secret. The EU agreed on some framework on Thursday for its first sanctions against Russia. And these are the very first set of sanctions since the Cold War. It scares the living daylights out of me. John, the market's been scared across the board. The stock markets and all those arenas have been scared across the board. And this is a much stronger response to Ukraine crisis than many expected. And it's a mark of solidarity with Washington. And it's also a lot of posturing going on with this because of course, China is taking Russia's side in this. And Russia has turned back and said, "If you're going to impose sanctions, we can drop our US dollars. We can have our allies drop US dollars. We'll avoid the US dollar all together and trade with the one, trade with gold." So there's certainly a lot of posturing there. And you can't have blowback when you try to do that. They impose these type of sanctions on a country like Russia. And if you look at it across the board, I mean, even the senior American military officials have been making hawkish sounds. And they've warned that they're ready for a military response to Russia. I doubt that's going that direction. I think that this is a day and age in which they play a lot of games economically. And that's what the direction is going to be. However, the fallout from this make no mistake is either going to be in foreign exchange reserves by Russia dumping the US dollar. If it gets pushed to the brink or if it gets pushed in any corner, and as a result, what is going to happen or transpire is that you will see gold skyrocket. And this, to me, is an opportunity for investors not to enjoy investing and making money because of the tragedies that are happening or might happen. But if you're in the right position to take advantage of it, it's an opportunity for you to better your future, to secure your future by using physical gold or silver. And this falls into our four fundamentals of why we believe you should own hard assets like gold and silver and natural fancy colored diamonds. Because there's a lot of things going on economically. They do have fallout politically. And this is one of those occasions where they're clashing, where you're seeing both the economic and the geopolitical situation coming at loggerhead. And certainly it is one of the reasons why we think that gold has had a good move up in the last week and a half. Watch for the headlines talking about frozen assets. If any of the countries involved move to freeze assets of Russia, that will be a push for Russia to move towards gold payments. Similar to what Iran did, they would offer up the option for countries to buy their oil, gas and other natural resources via gold payments. And that's a big step in the wrong direction. We do not want to lose gold out of the West. This gold that is moving to Asia, we need to step in as investors and start getting some for ourselves. Because once it's gone off shores, I can assure you with certainty that it's not coming back. When it moves overseas, it's gone. And that's the game they've been playing for a long time. Up until this point, nothing but the confidence and the faith of the people that own those US dollars has kept that market in check. There is no gold behind that. Believe me, what they tell you in Fort Knox is not there. If it was, they'd be touting it. They would have told you about it. It would have been audited. They would welcome an audit. But when it's not being audited and hasn't been audited since the 50s, believe me, the stockpiles gone. They've either given it out. They've wasted it or just no longer exist. And that's the problem with our system right now. We're a little bit about bank downgrades happening again. What's the impact on gold and silver if this happens? Well, bank ratings, it's a strange situation right now. Bank ratings are getting serious downgrade warnings due to perceived bailins instead of bank bailouts. And wherever they're changing the verbiage around the world to be or reflect the need for bailins, i.e. taking the money from the people instead of taking the money from the central bank, which is obviously the people as well. There has been a thrash of warnings gone out from all the ratings agencies saying, don't move that direction. Now, let me refrain. Let me refresh our listener's memory here. If you go to page, I believe it's 144-145 of the federal budget guide for the federal budget plan for Canada, you will see the verbiage sitting right there in plain day. It's a little bit complex around its skirts, around the idea. But it says that essentially, and I'm paraphrasing, that in the need, if we ever come across situations critical for our banks in Canada and they need to be recapitalized, one of the options is that they will go to the investor to recapitalize that money. And part of the reason that was put in is because between 2008 and 2011, several major Canadian banks were bailed out by the government. And so they do have to prepare for the eventuality that if things get worse, if something like a 2008 event happens again, where obviously there's more debts today and more currencies afloat, that there is the possibility that going into customers accounts is going to be one way to get the money. Damn, give me some broad strokes about how to open an account with Guildhall. John, it couldn't be easier. Remember, first off, this is a brick of metal. It's not paper. It can't be ripped up in half. It can't be reproduced. You got to dig it out of the ground. It's a very simple asset to own. We sell physical gold, physical silver, physical platinum, physical palladium, and natural fancy color diamonds. If you want to open up an account, you basically have three choices. Come to us and spend the budget that you've allotted for this investment and take the product home with you. That's the first option. The second option is to open up a depository account. There are two types, the Premier and the Elite, and you can store your product in our vault. It's ease of access. You get tons of liquidity. It's buying and selling on a phone call. It couldn't be easier in terms of going to visit the product. You can schedule an appointment. You can audit the product. You can get your serial numbers on the bars. This is something that very few people do. The third way to own this is taking the both a step further by offering what's called collateralized financing. Up to 80% of your purchase can be financed for you, which gives you a ton of leverage if you're prepared and you're that type of investor seeking that type of investment. For $100,000, you could start with a little as a down payment of $20,000 and still control that $100,000 worth of metal. It's another awesome way to invest. If you're new to the investment, you want to start off small. Buying it directly, taking it home is probably the best way to go. We've seen people take delivery of 700 ounces of silver, whether they bring a briefcase or a backpack, and they're always really surprised at how heavy it is. I think once you get past the $1,500, $2,000 mark of physical bullion in your possession, you want to really start to consider using something like the depository, which is outside the banking system. It is allocated, segregated. You can get the serial numbers on the bars. So I think once you're into the thousand ounces of silver or over 10 ounces of gold, that's certainly a consideration. And then as Darren mentioned, if you're looking to take further advantage of the market, if you are very confident in what's happening in that silver presents an amazing opportunity and gold presents an amazing opportunity, you might want to take advantage of the market, maintain your liquidity, use something like collateralized financing. You want to get more information anytime, really call this number 1-877-214-1711, the website, realmoneyshow.com. Take a cyber stroll over there, sign up for the precious metals advisor, and reminder the secrets of wealth preservation seminars happening on the 29th. That's a Saturday and go to the website for more details on that. Lots more of the real money show coming up and more of the real money show, the number 1-877-214-1711, the website, therealmoneyshow.com. Sign up for the precious metals advisor and tell us once again about the event coming up, Darren. Secrets of Wealth Preservation Seminar, Saturday, March the 29th. It's from 11 a.m. to 12.30 p.m. at the Supreme Luxury Event Menu, which is 83.11 Western Road in Woodbridge, Ontario. This is a very beautiful hall and it's accommodating for us. It's going to be a light refreshments. You're going to have a presentation on gold and silver and natural fancy colored diamonds in and out of there in an hour and a half, maybe two hours. And it's a great way to improve your education when it comes to increasing your overall wealth, getting a better return on investment by owning physical gold, physical silver, and natural fancy colored diamonds. Want to get into this segment to kind of feel like a letterman here. The top signs that the US economy or economy period is heading toward another recession, scary. Well, listen, I'll be the first to say it. We've been hearing this discussion and this talk and these headlines for quite some time now, but the last four or five months, are we heading towards another recession? And you're sitting here with a panel and if Paul was here and Nicole, Steve, anybody in our office, I think we'd all agree and we're on the same page that the US really never has left the recession. If you call the gross amount of people dropping out of the job market, the amount of poor housing values, the two huge parts of the segment of economy that mean are meaningful and they're doing so poor. If you call that, you know, leaving the recession, then, you know, I don't know what else to say, but these warning signs are all here right now. So let's let's go through some of them. We recently learned that the number of new mortgage applications in the United States had fallen to the lowest level that we've seen in nearly 20 years. And what does that mean? Because if mortgage rates are at some of their most historically low points right now and the and no one's buying, no one's buying what happens when they start to surge and they will mark my words. We will hit a period of inflation may not be hyperinflation, but mortgage rates will rise. And this is sorry. And this is sort of saying that that even with low interest, many Americans are able to find the money to actually afford a home. They're not lending because I know certainly, you know, I'm in my late thirties. I have friends buying and they said, I can afford this much more home because the interest rates, you know, people buying way outside what would have been considered the norm, you know, 15 years ago. I have a friend in Texas, have a friend in Texas, went to buy a home six years ago, got it. No problem. Beautiful home in Texas. He's a salesman, got a great job. They tell him, look, we want to move you back to Kansas. He says, no problem. You don't get a moving benefit, but your salary is going to rise. And it's going to rise substantially 30% more based on how. So he says, Hey, of course, I'm going to move my family back there. We're from Kansas originally, I'm moving back goes to move back, even though he's had a stable income, he's had no problems with credit, nothing. Guess what? Can't find a house anywhere near what he bought in Texas, couldn't get the mortgage approved, couldn't get what they needed unless they were willing to substantially downgrade, couldn't justify the 30% jump in the value of state Texas state in Texas. That signs all over the place. I mean, that's happening everywhere. We're talking about the top signs of the US economy is heading toward another recession. How about this one? Radio Shack announced that it's going to close more than a thousand guys, thousand stores, another sign of the retail apocalypse or what? Yeah, absolutely. I mean, this is happening all over the place. Radio Shack is a hallmark brand. It's been around forever, like, you know, hear home hardware. And yet we're hearing that in the US, a brand that's been around forever is closing its doors. Yeah. And you know, you could probably say, Oh, is it a victim of competition because you've got Best Buy now in typically Radio Shack? I always viewed it as a place to go buy sort of cheaper electronics, where you would go for an alternative for that or solder. Yeah, or solder. You're trying to fix your current electronics. But the fact that they're closing is yet another nail in the retail coffin without a doubt. Again, another another clear sign that their economy is not firing on all cylinders. The two big to fail banks are not making record profits. They're not seeing these jumbo sized profits come back. And in fact, if you look at JP Morgan's example, it's laying off people so have other large banks. And in Canada, you're seeing the fallout from that as well. RBC just recently announced layoffs. And you know, JP Morgan, they've been caught in so many manipulative schemes and had to pay so many fines for so many underhanded things. And you'd see them quarter after quarter making profits. And you knew why they were making profits. The game was definitely rigged in their favor. But now you've got thousands of workers being laid off. You're seeing, you know, we are continuing to see suicides from from bankers, not necessarily just in JP Morgan. And in fact, Corzine's son John Corzine, the former head of MF Global. Yeah, they robbed they robbed customer's funds and defaulted on gold. His son was was found a victim of suicide. Greed has a funny way of doing these things. Moody's has just downgraded the city of Chicago. And this is making real, real big waves in the community, economic community, because Chicago is now three notches away from junk status. To get to junk status, it's lights out bankrupt. It's Hello Detroit. So this is a very scary situation for one of the US's most noteworthy cities. It says here, only 35% of all Americans say that they are better off financially than they were a year ago. That's pretty scary. Well, if you extend that back 2008, the numbers even less than that. So it is very scary. And the fact that people are not seeing their bank accounts grow, their savings accounts grow and credit is back on the climb again. It was contracting for a very short period of time. Now, if you look at the year over year statistics in the first quarter of this year, credit climbed dramatically. You've got to the other problem that's adding to that is the fact that we're getting astronomically high, the highest in history credit coming out of people graduating from universities. This is cause for concern because that is now the single largest area of credit. And that is ripe for default because of the lack of jobs. And you know, back in the end of the 70s, when the US was experiencing the same sort of situation with with stagflation, inflation, you have to remember people did have a savings rate. And when interest rates finally did climb, yes, there was a recession, but the market was able to absorb that in a very short amount of time because people did have a savings. Now, because of all the money printing, because of the low interest rates, people have not been saving. And this is completely against what the central banks have thought that they've been doing. Hey, if we try to spend money and get people to spend money and pretend like everything's okay, then, you know, people will just spend our way out of this recession. Well, now they've gone into debt, and people have to people have a limit on their credit card of how much they can actually spend before they say, that's it. I can't spend anymore. And is the economy growing as a result? We've got we've got two more points to cover here really quickly. Only in if you look at the data, virtually all of the largest economies on the planet are slowing down right now. From zero hedge, there was a report last week talking about the last three weeks prior to last week, saying that the macro fundamentals of the G 10 major economies have collapsed at the fastest pace in almost four years and almost the biggest slump since the fall of Lehman Brothers. Now, that is a huge problem because there has been a plethora of money printed to protect that event from happening. There has been an exorbit amount of effort and time spent to bolster the economy, and it has produced literally zero result for the guy on the street. The last point we want to make and probably one of the most interesting ones is that if you're watching the economy, the US economy, it actually lost 2.87 million jobs during the month of January according to the unadjusted numbers. Over the past decade, the only time the US economy has lost more jobs during the month of January was in 2009 at the peak of the last recession. So this is not news you're going to get on headline day when you're watching the news or CNBC or BNN. They just don't care enough because they're trying to push their agenda, trying to make you think that things are good, get back to the paper, get back to the mutual funds, get back to the RSPs, get back to the stock market, paper, paper, paper, and I'm sick of it. I'm sick and tired of it because people need to know the way to diversify the way to protect yourself is to own hard assets. Get rid of your debt. Don't have good or bad debts. Don't go out and pump up your credit card to live day to day. Sacrifice the living now in order to have the better living later. Buy gold, buy silver, buy hard assets, fancy colored diamonds. That's what you have to do it. And people are going to say, you're going to go to your broker and they're going to say, no, don't touch gold and silver. They've been volatile. Of course, you know, we always say, yeah, you're right. Short term, there's always been volatility. But over the last 10 years, both gold and silver up over 300, 400%, which are representing great gains over year over year on the long term. And that's what you have to be thinking. So, you know, unless you're digging your heels in on and doubling down on bad investment strategies, you need to diversify a little bit, hedge your bets a little bit and think about the opportunity in front of you with gold and silver. These are finite commodities that are in very strong demand. And at some point, the fundamentals are going to clearly take over. And when they do, you want to have already been invested. You don't want to buy silver at 40, 50 dollars. You want to buy it while it's still below 25. The number one, eight, seven, seven, two, one, four, 17, 11 to start investing in the website, the real money show dot com. I had one thing to say about this because it does frustrate me a lot. And we're just touching on the point of paper and reinvesting in the idea that you can go back to the things you did that gave you success before. Yes, history does repeat itself. And there will be a time when this cycle changes and we'll be able to reinvest in stock and housing and all kinds of great things that we did early in the 2000s. But one of the telltale signs is simple. If you have, as Jeremy said, a financial planner and advisor, somebody to trust that you're working with and they tell you not to own gold and silver physical, then they cannot know the story because we don't advise or suggest or condone the act of having a huge amount of your portfolio. In fact, the most staunch bowls would only have maybe 20, 25% of their portfolio devoted to gold and silver. But it frustrates me to no end because the question I want you to ask those people is simple. Do you make money if I buy gold and silver? And the answer is simple. They don't. So why on earth would they recommend it to you? Can I make a living a commission? Can I through the sales of gold, bullion or silver, bullion make any income? And the answer is no. 99% of financial planners and advisors can't make money through it. Therefore, they don't offer it. They don't understand it. They don't understand its potential and they certainly don't understand the history that has provided us the opportunity to make more millionaires in shorter periods of time than any other asset owned in the history of any marketplace. Look back to the 70s and you'll see it happen in a very short period of time in literally 90 days. There were more millionaires made in that period of time than in any other time in history per capita. And that's an exciting way to think about this market going forward. To get involved, you have to remember this is physical gold and silver. Guildhall does not sell paper. We do not deal in the futures market options on futures. None of that. We don't sell stocks. We don't do ETFs. None of that. It's physical. Either you're taking it home or you're storing it with Guildhall wealth. And if you want to store with Guildhall wealth, you'll have the option to collagely finance it. We'll talk about a couple of examples in the four segment. I know we're going to be ending the segment going the natural fancy colored diamonds, but get the precious metals advisor. It's free for you for 12 months. It's full of jam-packed material. Do a Guildhall wealth management search on YouTube. I'll show it to you. Jeremy and I put something together this week. It's out there. Get into the marketplace now and remember, go to the website and find out about the seminar coming up on March the 29th. The website is therealmoneyshow.com and the number is 1-877-214-1711. The diamond segment of the Real Money Show is coming up. And more of the Real Money Show, the number to start investing is 1-877-214-1711. The website is therealmoneyshow.com. While you're there, sign up for the precious metals advisor. I want to remind you that the wealth seminar, the secrets of wealth preservation seminar is happening on the 29th. It'll be at the Supreme Luxury Event venue. The address for that is 83-11 Western Road in Woodbridge. And you want to take advantage, call that number and go to therealmoneyshow.com as well. Guys, diamonds, let's talk about diamonds. Yes. And you have to register for that seminar. Yes. Don't last. Please don't just show up because it's very limited seating. Nicole is going to be at that seminar and she's going to be discussing color diamonds, which she also put together the 10-step guide for color diamonds, which has been going out the window very quickly. A lot of demand for that. We actually even got a diamond company out of Belgium calling us wanting to take a look at that 10-step guide to color diamonds and they deal with white diamonds. And apparently they're trying to get into the color diamond market as well. For the month of March, we have been committed to doing away with tax, March Madness on Color Diamonds. Give you a great opportunity to save yourself 13% on purchasing a color diamond. We've already seen a great response to that. We've sold some amazing diamonds as a result. One of them being a flawless, intense yellow that we've discussed on the show just a few weeks ago. It's already sold. We've sold a 3.02 intense diamond, which we've held for, I believe, maybe about a year, a very large diamond. We've sold the blue diamond that we talked about several weeks back on the show. We've only held that for a couple months. So the market is really on fire. People are really taking advantage of this tax opportunity to save that. And we encourage you to go to the website, look at what we have, get the 10-step guide. And we also have a really good story we want to tell you about, about one of our new clients in natural, fancy color diamonds. Well, it's true. We had a client who bought actually today, just before the show, we sat down and had lunch, bought a 3.2 carat, fancy, intense yellow, internally flawless radiant diamond. And the reason behind his purchase was quite amazing. In fact, he's one of our largest clients. He's great, super duper guy. He understands silver more than anybody I know for clients. And he's been buying for quite some time. Now, he may not represent the average client, but he took the 10-step guide for fun. He was in Bahamas. He was down there doing some business. And he had it as reading material. He read it on the plane. And lo and behold, when he landed in Bahamas, he was conducting his business. And while he was out at the straw market in Nassau, of course, he went to all the jewelers. The big names are there. And he walked into a jewelry store. And of course, his wife's birthday coming up, he looked at some white diamonds. Now, he wasn't thinking colored diamonds initially, had been predominantly involved in silver. In fact, all of his purchases were silver. But he thought, I better check it out, because what a great birthday gift. This would be a big surprise, big day. And he went up to the desk just as Paul had outlined the stories. They told them all about the diamond told him he can get wholesale price in a retail location. You can get wholesale price, no problem. And of course, they tried to flog a very low quality diamond at a very high price. In fact, it was a five carat white diamond. And they did not or elected not to choose to tell him about the clarity of the diamond. So we don't know what it was. But we are anticipating this was nowhere near a high quality white diamond. 67,000 was what they wanted. We went back and looked at it. And generally speaking, a diamond that's five carats for 67,000 a white would be very low quality diamond. So he in actuality, he gave me a call from Bahamas. And he said, is this the real deal? And I would give him my honest opinion. I sent him an email back saying what I thought the pricing should be based on what we would acquire the diamond for. And he was absolutely beside himself. He could not believe how much of a mistake he just about made. In fact, it was almost twice what we would charge. I told him before he told me the price of the diamond, 67,000 before he told me the price of that diamond, I gave him a quote based on what my suppliers would give to me. And he said, okay, they're charging almost twice what you just told me. And I said, that's typical. That's the exact story that Paul talks about getting off the boat, getting excited about making a purchase in his case off the plane. And he didn't make the purchase. And he almost single handedly believes that the reason for not purchasing was because he was with Guildhall. He had the he had the 10 step guide to buying colored diamonds with him. And this morning before we did the show on Friday, I sat down, had lunch and he bought a 3.02 karat fancy and tense yellow. Well, the good thing we talked about this last week, Jeremy, the guard, the the guy itself doesn't so much explain what a diamond is. How comes out of the ground? It's a buying guide tells you how to buy the diamond if you already know what they are. Yeah, exactly. This is this is you know, we do have an ebook if you want to learn about colored diamonds, learn about the market, learn about how it how to, you know, what investment grade diamonds are all about. The guide is about what you need to know if you're going to purchase a colored diamond so that you can buy it with confidence. I can't tell you, you know, Paul laughs about it, but it's so true. People ask you, what do you do for a living? And you say, you don't want to know because, you know, the wives are going to start talking and they're going to get right onto track and, you know, shop, talk, party, flop. So, but first thing people will inevitably say, they'll say, I got this. What do you think? You know, did I get ripped off? Did I buy right? And that's what this guide helps you do. It helps you walk away knowing that you purchased right, that you got, that you got all those requirements in a row to make that purchase. And also with colored diamonds, Darren was just saying, you know, when you go to buy retail, even a white diamond, you definitely pay a lot of money. I can't tell you how many of my recently friends that have got engaged in their asking my advice on these white diamonds. And I keep saying, you know, that white diamonds never going to go up in price ever. You might you might one day be able to sell it for what you paid for it in inflation terms. But it's never really going to go up as opposed to a colored diamond, especially in investment grade that's constantly rising in value. And if you're starting off a relationship, why not start it with with that sort of investment in mind? So these colored diamonds are still a best kept seeker, even though the market seems to be picking up a certain speed. But still very new to a lot of people. A lot of people are still applying an old template, an old invest in template to this new type of market. This isn't about old money. We're seeing new money coming into this market and appreciating it as a concentrated wealth asset that over time continues to move up. These these diamonds of these quality that that Guildhall has have never gone down in value. They just continue to move up. And what we're seeing is as an example, you know, what you could buy for a fancy yellow today. Four years ago, you could have bought a one carat in tents. And it's only going to continue on that trajectory. So learn about this market, get into the market before it's it's much higher in price. And you'll be very satisfied with the with the returns. It's funny to mention that people every time they see you, they say, how what do you think of this day? It's like you're a doctor. I got this pain in my neck. You should never tell them what you do for exactly. Yeah. One, eight, seven, seven, two, one, four, 17, eleven, the real money show.com. I want to remind everybody of the seminar that we're hosting. It's the secrets of wealth preservation seminar. It's posted on both the diamond site as well as Guildhall wealth management. It's Saturday, March 29th, 2014 from 11 a.m. to 1230 p.m. at the Supreme luxury event venue. That's 83 11 Weston Road Woodbridge, Ontario. It's the first time we're in Woodbridge. Hopefully we had a lot of people requesting we come closer to them. This is facilitating that opportunity for them. Now, Guildhall wealth in cooperation with Guildhall Diamonds is going to be hosting this exclusive seminar event. All of the experts from our panel will be there. And we're going to be discussing physical gold, physical silver and natural fancy colored diamonds, how they affect your portfolio, how to buy them. What should you buy? What amounts should you buy? We're going to talk about the reasons why the markets are rising. And we're going to spend time showing you some products. So this is an awesome opportunity for you to get off the fence. Silver is super cheap right now. Colored diamonds. Although we have a tax free March, certainly there's no doubt we will offer something in April. Perhaps that will be good for buyers coming next month. But right now, the opportunity to buy is there. And of course, if you come ready to buy, you can take advantage of that. No tax and just limited limited seating. So register for this as soon as you can. Absolutely. Register on the website. You can use the phone number you've been hearing the whole show. You can go to guildhallwealth.com or guildhalldiamonds.com. And you can connect and register there for the event. Call us directly. And of course, you can bring somebody with you if you'd like. And you really can't not help falling in love with these diamonds. Essentially, not only are they continue to rise in value year over year, they are beautiful. We do find that once people get involved in this market, they do want to buy more diamonds, start to round out a collection. And for good reason, I remember a time when you could put your money in a bank account and get a good rate of return just by having the pleasure of leaving the cash in there. And that's in the business, in the industry, they colored diamonds are called money in the bank because that's what it is. Now, there are two tiers to this market. There are that entry level tier with diamonds, let's say less than $100,000. They're smaller yellows, maybe something like that. Yeah, entry level, fancy yellows, get into a vivid yellow in the, you know, the $40,000 range. And then of course, you can get into a much larger type of market where it becomes a little bit, the difference between, let's say, studio apartments and multimillion dollar real estate, where essentially you don't have to wait years and years and years to see that return and find half the profit in there to start selling it. You know, buying, you know, we've seen half care at reds, one care at blues, the half care at blue that we just sold recently. These are diamonds of a different market, but it doesn't stop the regular investor from getting into the market either. You know, we can accommodate clients with as little as about $13,500 for a fancy, which again, a few years back, you could have bought for well under $10,000. But the prices continue to rise on both ends, both the cutters and polishers, both on the appraiser's side, we have to constantly replace these diamonds at higher prices. And so the market naturally moves up. And that's, that's a product of being a collector's market. In a collector's market, people are more on the buying side than on the selling side. And in the case of the Argyle mine, it's a finite amount of time you're going to be able to pull stones from that mine, right? It's closing. Yeah. And even then get Guildhall or us at Guildhall have very high standards for the type of pink Argyle diamonds that will purchase. We tend to stay away from the SIs and we stick with the VS diamonds and above. And just to clarify that, you know, because you can't see it what we're talking about on the radio, essentially a diamond where the flaws stand out before the diamond that that would be an SIs. You can see it. You can see it with the naked eye. Those stand up very strong. The other point I want to make is it's important in Jeremy's touching on this to understand that this quality of diamond is not being found everywhere in the world. It's coming from a couple of places in the world predominantly out of Western Australia. So it's not like you can look around and say, Hey, there are thousands of these diamonds. I'll just go to the next guy. Case in point, Paul was sourcing some diamonds. We talked to one of our distributors. He was in Hong Kong, the world's largest diamond show, trying to find high quality Argyle diamonds. He found lots of SIs where the flaw stands out before the diamond. When we step up from SI, we go to VS quality and hire where you do need a microscope to see the flaws in the diamond. It's a very slight inclusion. Correct. Thank you. And then from there, VVS and then IF. It's really good, John. Thumbs up for John right there. Two thumbs up. Bucking for employment, baby. He went all through that show. The supplier went through all that show looking for diamonds for us. It wasn't a price point because of course, whatever we pay, we make a fair margin and then we sell to the client. So we could have bought whatever we wanted. He found zero diamonds and I repeat that. No supplier out of the Hong Kong show, one of the world's biggest diamond shows, had VS quality Argyle diamonds. They had some pinks that were there that were non-Argyles, maybe Brazilian pinks, perhaps the odd couple from South Africa, but no Australian Argyle VS to quality diamond. So that does tell you how long we're going to have to wait for these diamonds. And the second point I wanted to make just very short, Jeremy indicated the starting point is 13 and a half thousand 12 months ago. Guess what the starting point was for the same diamond. It was 10 and a half thousand. That's a year. That's one year. Wow. Now that being said, the other problem we're dealing with right now that Paul wanted to make sure everybody realizes that there is a serious expectation that the Canadian dollar is going to slow down here, that we're going to falter a little bit more. And our expectation is that this could get as bad as 80 points against the US dollar. Right now we're hovering around 90 and we've fallen, but there's about a 13% exchange rate difference right now. Because those diamonds are being bought in US dollars, those that have bought the diamonds, they've just got a 13% bump, you know, from power, even a year, year and a half go two years ago. But because we have to secure the product, we are forced to make sure that when we sell a diamond, if it was being offered at one price and we have to put it up, some may say, Hey, you just put that diamond up. There's no reason, no announcement. The exchange rate, it means we have to pay more to acquire the same diamond, which means we have to build that into the margin. So there could be in the short term, some fluctuation on yellows and pinks because of the exchange rate. So I want people to understand how awesome the offer is that Paul made for no tax for the month of March. It certainly inspires the timing. It's a great time to get into the market, knowing that prices could move up 10% just on the cost alone for the exchange. Also speaking of those pink diamonds, we've had a really tough time sourcing pink diamonds. Paul was able to source two pink diamonds, orangey pink. One of them has already been presold before we even brought it into inventory. So these are things that are starting to get snapped up. We still believe it is a best kept secret. It's just that as far as an alternative to other investments are concerned, I think people are starting to see that prices are always moving in the right direction. You don't have to do a lot. You don't have to futz around with this investment. You don't have to buy and sell. You just put your money into it. You protect the diamond, put it in a safe place and several years from now, it'll have moved up in value quite nicely. We'll take one more short break. The number to call 1-8-7-2-1-4-17-11. The website is realmoneyshow.com. Sign up for the precious metals advisor. Once you're there, take advantage of it. Make sure you get on the secrets of wealth preservation seminar limited space from March 29th at the Supreme Luxury Event Venue 83-11 Western Road. This time it's going to be in Woodbridge, Ontario. Go to the website to take advantage of that as well. And more of the real money show. The number to start investing you should know 1-8-7-2-1-4-17-11. The website is the realmoneyshow.com. Sign up for the precious metals advisor while you're there. And have a look at signing in for the secrets of wealth preservation seminar. That is happening on the 29th. The place will be the Supreme Luxury Event Venue that is in Woodbridge 83-11 Western Road. You got to sign on and register to be at this event. Market recap, Darren, let's do it. The week that was, John, it was a good week for both gold and silver. Thursday, big day for gold. It was up about 1-1/2%. Silver was up on that day also, about 2-in-a-bit percent. And again, big jump, $20 gain on Thursday. Trading in a range, the highest range in about 5-6 months. Right now, at about 13-80ish as we tape the show, while silver is just pulled back slightly from 21-75 range this morning to about 21-50, where we're taping now. And this week was really good for metals. Gold rose, as I said on Thursday, silver as well. And gold has risen more than 15% since the beginning of this year. And it's on that uncertainty over the pace of the US economic recovery. Worries about the growth in China, and the continuing geopolitical tension between Russia and the West over Ukraine. In the short term, gold may be a little bit vulnerable to a bit of a pullback, but that's a buying opportunity for you, the smart investor. So this is where we were through the week, and it was a fantastic week for buyers. And congratulations to those that did buy this week. Worried about, say, interventions and all this money printing and all this scary stuff. What does this stuff end, Jeremy? Will it end? I don't know. We can certainly look at where we've come. The Fed's wildly created money from nothing for over the last five years with the idea that it would spark the economy. Has it sparked the economy? Absolutely not. The intention was to help banks out instead of letting them fail, which I don't think anyone on this panel would have agreed with. And as well, the other mandate was to demonstrate that long enough that they could create the economy, looked as though it was improving towards the public at large and that they would believe them and start opening up the purse strings and spend their way out of these issues. Instead, it's becoming more and more apparent that the economy is not improving, and we went through that list earlier in the show. What we've gotten in return for this money for nothing policy is that we've got zombie banks dead up to the next generation's eyeballs and a suppression of interest rates and savers are forced to speculate. And this is one of the reasons why it's so important to hold on to gold and silver. At this point, we believe. So how does it all end, Jeremy? Well, I think the banks are going to continue to pump the presses and create money out of thin air. And remember, it's not just the Fed. It's the Canadian government is spending money, the UK government is spending money, Europe is spending money, even with the austerity. They're still trying to find ways to come up with new debt. And I think as a result, the value of currencies are going to drop. Economies are going to continue to sink. You're going to continue to see those type of reasonings we showed earlier in the show. And I think at some point, interest rates are going to rise, and debts are going to become entirely unserviceable. And what is going to happen then? It's going to be one severe crisis. And I think if you're going to be trapped in dollars, you're going to be part of that crisis. So you have to look for some sort of life preserver. And again, I think gold and silver are offering that in spades, which is why we think there's such a great opportunity because over time, the dollars are going to sink and the purchasing power of those hard assets is going to climb exponentially. If you look around, I mean, the writing's already on the wall. John, we talked about it just before the segment. And again, this is terrible news. But quiz knows. Again, another huge chain of stores in Canada and the US filing for bankruptcy. That's crazy. It's crazy. Radio Shack having tons of problems. I look at the big names though, Caterpillar. This is the sign of where we're going with manufacturing and large equipment sales, which gives us a sense of what's being, what's being bought and what's happening in the manufacturing sector. Caterpillar sales way down this year and year over year. So again, real concern out there. If I remain in paper long term, am I going to see another cycle of downside? I guarantee you, I don't know what it's like for you, Jeremy, but when people are calling and speaking to me at the office, there are very few people who call in and tell me they're excited about their paper investments and they're just using gold and silver as a little offset to get a little more boost. I rarely ever have somebody tell me that, oh, he had the last four or five years, has been fantastic. I've got great advice and I've capitalized on those markets. Where were the planners and where were the advisors and where was the advice when the market plummeted? You could have made a million dollars. I mean, I'm using it just as a term, but I mean, you get the point, you could have made a ton of money if you were taking the risk at the bottom when the market flooded out. How many people were told to do that? Very few. Well, I think there's also a lot of momentum buyers out there. I think there's a lot of people that they don't really, with all due respect, don't really want to do a whole lot of research. They have the concept of gold and silver being a hard asset, but they don't want to necessarily get into the market unless they're seeing that it's absolutely catching fire. Then they'll happily move in. But of course, this does go against the fundamentals. And if you understand the fundamentals and understand that the printing presses aren't going to stop, I mean, if they did stop the printing presses, it's another minute or two away before there's another Black Swan event that they're just going to prescribe the same pills and keep printing money and keep doing the same thing over and over again. So I think it's important that you have to understand the fundamentals. And once people do understand those fundamentals, they can say, wow, you know, gold and silver are really, really cheap. I mean, we'll talk to people who say, oh, gold's expensive at almost $1,400 an ounce, but it's not when you think about what your money could bought you 10 years ago versus what it can buy you today. How much money has been created out of nothing in the last 10 years than there was 10 years ago. So, you know, you got to look at other scenarios around the world. Think about when Argentina's dollar collapsed. People ran out of that currency and into the US dollar. Well, what's going to happen if the US dollar collapses? People do smarten up very quickly and people are not buying the recovery narrative anymore. And people are starting to be defensive. We've seen very strong sales in bullion and in diamonds at during a time where the market is not going crazy. And I think you want to get in before there's some major profits to be taken off the table. Look, we're just talking today. Gold's up nearly 15% this year. What's held you back? How come you didn't buy it when it was at just shy of $1,200 an ounce? Now we're trading at $1,370. That's some great gains to be had. And we're still thinking that gold's in a bear market. It's just waking up into the next phase of the bull market. The opportunities are going to be extraordinary. Silver is way more undervalued than gold. People are buying silver at a 70 to one ratio, 70 times more silver than gold. That's going to present extremely pleasant fundamentals for owning silver going forward. What else is coming up here? This week, we're going to be watching for resistance levels at 1,400 in gold in 22 in silver, crossing to those resistance levels in two closes above those resistance levels should move both gold and silver ahead. Wouldn't surprise me to see gold move slightly back over the next couple of days of trading. Good opportunity for people to buy. I want to remind everybody of the secrets of wealth preservation seminar Saturday, March 29th, 11 to 12, 30 p.m. at the Supreme Luxury Event venue, 83 11 Weston Road Woodbridge, Ontario. We've had a couple of sellouts in the past. This is probably one of those events. I expect the same thing that happened. So you have to get in as quickly as possible. It's an exclusive event, some light refreshments. And of course, all of the experts from Guildhall will be there. In addition to that, you can register on our site for that. I want everybody to remember, this week, when you buy a hundred ounce bar of silver, you're getting one maple leaf, silver maple leaf free with your purchase for depository accounts, as well as if you're buying gold, if you buy two ounces or more for every two ounces of gold you're buying, you get one silver maple leaf free of charge. And of course, no tax on colored diamonds for the rest of the month. You want to take advantage of all this? There's a couple of ways you can do it. The number is 1-877-214-1711. The website is therealmoneyshow.com. You should sign up for the precious metals advisor, as well. You really need, if you're going to be getting into natural fancy colored diamonds, a 10 step buying guide for natural fancy colored diamonds, which you talked about early Jeremy, it'll guide you through making that big decision, possibly your first diamond, maybe your 100th diamond. You should still read it, right? So many things on offer from Guildhall. But essentially, you need to get into the markets. If you're going to make money, you have to buy a ticket and to enjoy the ride. We think that the time is right to get into physical bullion, including gold and silver. So give us a call. We'll walk you through. We'll give you all the information. Show you the fundamentals. Show you how to purchase a diamond. Get onto the precious metal advisor and let's make some money. One eight seven. One eight seven seven two one four seventeen eleven and the real money show.com. What if you could have a streaming service that added new shows and movies every day three hundred and sixty five 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.