The Real Money Show
The Real Money Show - February 8th, 2014
Welcome to The Real Money Show hosted by Guildhall Wealth Management. This is a show about the incredible potential of owning physical silver, gold, natural, fancy color dimes and what they could do to protect and making money in these turbulent times and protect your wealth, the number to call, find out more about these hard assets, this number 1-877-214-1711 or the website guildhallwealth.com and newly launched TheRealMoneyShow.com. Type it in directly, you'll get there, phone numbers to get in touch with the experts from Guildhall, recent shows, archive shows, links to Guildhall websites. These sites, including diamonds, depository financing and one of the things you should take advantage of is signing up for the precious metals advisor right from the site. You can do that when you're there. In studio today, we have the president of Guildhall, Paul Weisman and vice president Jeremy Weisman as well. Jeremy, something we were talking about just prior to going on air. It's almost seems like this is like the TMZ of the financial world, but an article you handed me, I want to read a bit of this if I can, before we get to the week that was. Wall Street on Parade.com is a website and Senator Carl Levin is a permanent subcommittee on investigations and probing global banks involvement in the U.S. commodities market. The article is followed, says in the span of four days, hard to believe, last week, two current executives and one recently retired top ranking executive. Executives rather of major financial firms were found dead. Both media and police have been quick to label the deaths as likely suicides. Now, missing from the reports is the salient fact that all three of the financial firms, the executives work for are under investigation for potentially serious financial fraud. What is that all about? This is going to play into what we're talking about as well with the fact that there's tapering of the QE. If things were so great, then how come? How come bankers are adding a quote unquote "apparent" suicides? More and more information will come out in the next coming weeks if we don't see more mounting suicides on the connections between them and what they're looking for. These are really top-end officials. One of them worked at the Fed doing analysis for the Fed. One was turned whistleblower. So there's certainly conjecture out there whether or not these are potential whistleblowers or they just saw something that they weren't supposed to see or that they're really worried. But essentially, if things were really okay out there, then you wouldn't be seeing these kind of events occurring. So I think that's something to take note of. Well, I think there's been a lot of information swept under the rug, I mean, to do with some of the major banks, to do with LIBOR, manipulating currencies, manipulating precious metals. I mean, we hear about it all the time. At Guildhall Wealth, you know, we actually deal in precious metals as well as investment grade colored diamonds. We only carry physical product. We don't sell equities. We don't sell ETFs. We don't sell certificates. These are all paper tools. We don't sell futures or options on futures. We sell the physical product. I'm going to just kind of get straight into a sales pitch with you, and it's really simple. If you really want to buy gold, silver, and we think it's tremendously undervalued right now, you can buy it, take it home, immediate delivery, whether you want to store it under your bed, bury it in the back garden that's up to you. There is some risk when you take and hold precious metals. You know, you're subject, you could be subject to a home invasion. You know, rubber is this type of thing. You really don't want to do that. And the downside is when the market starts to take off and you want to sell that product, you know, you've got to stop what you're doing. You know, a thousand ounces of silver, always 70 odd pound. You've got five thousand ounces of silver. You're going to need a wheelbarrow to get into, however you want to sell it to. So that's one option. If you want to buy a product, take it home. If you're buying silver, it's tough to put it in a safety-positive box. The banks don't have that many safety-positive boxes available. You know, this is one of the problems that is happening in most depositories. The banks, major banks, can't store product. We have an option. We have our own depository where the product is safe, secure. It's insured with Lloyd's in London. We even can give you the bar numbers if that's what you want to do. It's a minimum order that you have to put in, but you can start off an account, whether it's 200 ounces of silver or 10 ounces of gold. You can put it into the depository. We will accept your product if your own product. We can put it in a lockbox for you where it's secure and safe. Sorry, Paul. I was just going to say the number, by the way, while we're in the middle of this, 1-877-214-1711 or guildhallwealth.com. And the other third option is collateralized financing, where you can put up as little as 30 percent. Still take control of that 1,000 ounces of silver or 10 or 20 ounces of gold by just putting up a minimum of 30 percent and collateral financing the other 70 percent. It's no different to buying a home where you take a mortgage. You still live in the house. You own the house, but there's a mortgage on the house. As the value of the house goes up, you can go to the bank or wherever you're dealing with, and as your equity builds up, you can actually take an equity loan. That's the same type of thing that you can do when you're buying collateral finance silver. So let me give you a quick example. If you were to buy 1,000 ounces of silver, silver trading in the $20.10 range, for you to double your money, you bought 1,000 ounces. It cost you around about $21,000 with commissions and fees. You would have to go to $42,000. If you use collateralized financing, instead of putting up $21,000, you're going to put up with a 30 percent deposit around about $8,500 with all your fees. Market moves up instead of $21, $8.50. You've doubled your money. You've still kept back at $12,000. If the market was to happen to dip, you can buy more product on the dip. You can pay off the loan anytime you want. Those are the options that you have. Using other people's money makes sense in this market, especially in these turbulent times. I like the volatility in the market right now. Silver's been, in 2011, we hit a high of $49. Gold was trading around about $19, $120. Today, as we're taping the show on Friday afternoon, gold is trading at $1269 and silver is trading at $20.10. If you've been sitting on the fence and you feel that these markets are ready to move up, obviously gold and silver hasn't done well because the stock market has gone up very, very well over the last two years, but it's only got back to where it was in 2008, 2009. It really hasn't done well. If you look at gold and silver over the last 10 years, we're still up an average of 400%, even though we've come off, basically on silver, as much as 60% and gold around about 35%, 40%. This is a great opportunity to get into the market. The phone number, 1-877-214-1711, the website guildhallwealth.com, and make sure you go to therealmoneyshow.com. Sign up there for the precious metals advisor, Jeremy. Yeah, so just as Paul was saying, definitely gold and silver are still a little range-bound, but range up a little bit this week. Gold is trading just over $12.65 an ounce, which is up 2% over last week. Silver's up $0.70 over last week into the $20 range, which is a 4% increase week over week. And there's definitely a feeling out there that something big is going to happen. You're starting to hear a lot more news coming out from the analysts around the world saying, look, bull markets last generally about five years. For example, Art Cashin, who's on CNBC and Squawkbox a lot. He says, we've gone an awfully long time without a correction. Bull markets tend to have a maximum life of five years. We're getting awfully close to that. And there's definitely a feeling out there that the next pullback, next downward slide in the stock market is going to be a big one. Have the banks really gotten out of trouble in the last five years is going to come to light very soon. And so we're starting to see a lot of buying in the physical market. People looking to protect themselves, people looking to get out of cash, which is right now, if it's in the bank, it's not really receiving any benefit of being a saver. And so I think this has become a time where there's a lot of people fearful about how to protect their wealth. And so they are moving into gold and silver. We're seeing a big uptick in buying since the beginning of 2014 with people really looking to protect their wealth, really looking to get out of the banking system and into some physical gold and silver. And that's what the depository does, which is that we can allocate and segregate your bar. So nice to see the market ticking up. And I think you also want to look at the fact that it has been five years for the stock market, bull market. And again, the problems haven't been fixed. The fundamentals for gold and silver are tremendous. Ask us for a package. Get onto the precious metal advisor. You'll see last week we put out a chart showing the increase in debt in recent years. And it goes off the page. You have to have a vertical page to really show the increase in these debts. So this is a really interesting time. And again, we're starting to see a lot of buyers. As we move in through the rest of the show, we're going to talk about the tapering, get back to these apparent suicides. And I think most importantly, we should also talk about the inventories of bullion, which are at all time lows right now. Well, this is what's crazy. I mean, you've got the Perth Mint in Australia, the Austrian Mint, the US Mint, the Canadian Mint. They're selling an abundance of coins, more coins, gold coins, silver coins, they've never ever sold before. You know, we're not a crazy gold bugs. I mean, we don't have gas masks and bottles of water and tins of meat stored in the base, spam, whatever you want to call it. You know, we have our skin in the game. We've been in this business since 2002. People have made a lot of money with this and the people that use this market and use this investment, use this tool. Whether they buy the product outright, whether they store it in our depository, or if they want to gamble a little bit or use other people's money, collateral financing is an unbelievable tool in these marketplaces. But when you see, as I said, the Perth Mint producing more, they're running out of product. People are buying the physical product. We are back ordered on most cases. We just, when clients place orders, we place those orders on the day and we get our product in. We keep a lot of inventory, but we're always replacing product. So it takes sometimes three, four weeks for us to get gold and silver in. You know, the actual wholesalers are back ordered and they deal with all the, you know, whether it's the US Mint, Canadian Mint. We don't buy directly from the Mints. We use wholesalers because we have to buy and sell. If you want to sell your product, I can sell that product on a phone call. You don't have to bring the product to me. If I have it in my depository, I can sell it on a phone call. You can pick up your check the next day. Try to do that with a bank. Try to do that with an investment house. It just doesn't happen. Jeremy spoke about the precious metal advisor. It's completely free. It's normally, it's a 250 annual subscription for this, but if anybody's listening out there and I'd like it emailed to them for one year, we will give this beautiful, unbelievable piece of work that Darren Long does every single week. We send it out to our clients. It gives you an update. It tells you what's going on in the market, including in gold, silver, as well as natural fancy colored diamonds. If you want an investor kit, if you're interested in making an investment in precious metals, give us a call. John, why don't you give us some numbers? The number 1-877-214-1711, the website at www.rattagildhallwealth.com. Paul just mentioned the real money show.com, a link directly to sign up for the precious metals advisor. In the next segment, we really want to get to really looking at these inventories, looking at the Fed tapering, what that will mean for the investor. Those are the jokes we pulled that came out of this today. And also, we want to look at this, there's a former Harvard economics professor who just pulled out a million dollars out of Bank of America, so we're going to talk about that coming up next. We'll take a short break, and lots more of The Real Money Show coming up. Lots more of The Real Money Show here, the number to call to start investing 1-877-214-1711, the website guildhallwealth.com, and to sign up for the precious metals advisor, you should do that. It's TheRealMoneyShow.com, type that in directly and you'll get right to the website. Jeremy, where do we leave off in segment 1? Well, we want to get to this Fed tapering stuff. The Fed's tapered a little bit, but let's be honest, they haven't gotten rid of all that liquidity that they've put out there. There's been some great articles out this past week. I really particularly enjoyed Rob Kirby's explanation for the starting of the tapering, which was that the banks needed to get off a lot of their toxic debt from the subprime mortgage, and that the Fed creating a trillion dollars out of thin air helped them do that, except that those toxic assets have just been siloed onto the Fed's books, so there's still a lot of problems out there. But of course, the official, that's just one theory. I'm sure there'll be more coming to light, but what you're going to see is that the official reason for it is that the recovery is well underway, that things are great, that people are back to work, that people are buying cars, that there's not as many people on food stamps. Well, no, you're not going to hear that. There's still more increasing unemployment, more increasing people on food stamps. The problems have not disappeared, so we really want to look through the headlines in between the print here and get to the nitty gritty. So with that said, Paul's got some numbers on unemployment. Yeah, I mean, the interesting thing was they were supposed to create 175,000 jobs in the US for the month of January. They only created actually 113,000. In December, they only created 75,000. The average for the year was 185,000 jobs. They're just not creating jobs. And when you've got big super stores, what I should say, stores in the states that are actually laying off people, I mean, they're cutting down businesses that are just not producing. I mean, there's always the weak sisters in any business. I mean, you know, there's the 80, 20 rule. You know, 80% of your money comes from 20% of the business. The other 87, 80% make break level or lose your money. But it's appearance. It's just to be that you've got a lot of businesses all over the place. The situation right now, in my opinion, is with gold and silver, extremely undervalued. I said in the first segment, we were looking at figures in 2011, when gold was over 1900, silver hit $49 in change. We came off in May 2011, unbelievably, you know, whoever's behind it pushed down the price of gold, pushed down the price of silver. I'm not going to cry foul. I'm not going to, you know, mopo of a spilled milk. It happens. These are the markets. You know, somebody presses a button, everybody panics. But when you own physical gold and silver, they can't take it away from you. When you own paper and you're using paper and when you're financing to their hilt, it can be taken away from you. Somebody presses a button and you lose an awful lot of money. So what we're trying to get people to do is take the metal out of the market. Whether you take it home or whether you put in an out-depository that's safe, secure, insured, we allocate and segregate. Not many people in the business can do that. We can even give you the bar numbers. On 1,000 ounces, 10, 100-ounce bars, we're happy to give you those bar numbers. It goes into a secure depository lockbox. We can't touch that product. We can't sell that product. You're the only one that can tell us, sell me three of those bars or five of those bars, and you have to give us the numbers. And it's a tough thing. You know, we look at other investments out there and you read the fine print on the contracts and the paperwork. And there's a lot of misdirection out there, even from some strong institutions. We've seen anecdotally people wanting to cash in their certificates and being told, "No, you can sell the certificate and then we'll sell you bullions." So, you know, where do you go with all that? And what we do is we show through transparency that there is no third-counterparty risk when it comes to purchasing your bullion and storing it with Guildhall. I think it is important to look at the prices. Yes, they are down against the highs that we saw in 2011. But you also want to look at all the debts that have been created and understand that even gold at just under $1,300 an ounce. Sure, it's up from where it was, which was the last low, which was around $800 an ounce. But when you compare it to all the debts out there and all the money splashing around, it's actually quite cheap at $1,200. Some could say it's even cheaper today at $1,200 than it was when it was at $300. You think back to 2000, when Gordon Brown sold off half of England's gold, they've created enough money to buy it back at $1,200 an ounce. Easy. They could buy it back at $3,000 an ounce. So, I think you have to understand that price is what you pay and values what you get. You want to know that that value is secured into something that has been around for thousands of years. You also want to look at the consolidation here. The fact is gold and silver have consolidated for well over a year and a half at these levels. It's been very difficult to push them below. Every time we've seen it go below, physical demand has picked up massively. And I think that if you want to go with a theory of central banks, their number one enemy is gold because that's going to tell you thermometer, tell you how good the currency is, how good the economic situation is. If you can kill the proverbial canary in the coal mine, then you can keep going on with your charade. But of course, if you're an alcoholic, you can hide as many bottles around as you want. Eventually, the truth will come out and you can't avoid the effects of all of that. So what you've had is the last couple of years, physical demand has been absolutely massive. And anytime we've had pullbacks slightly below 1200 on gold, slightly below $20 on silver, you've seen massive buying. And look at the results. This is the key. Look at the results. You've got JP Morgan at the lowest amount of gold in their inventories in history. You've had massive -- We've got 87,000 ounces of gold. That's not a lot of gold. That's it? Again, not only that, but it's against a lot of paper promises. You've got people who have more looking to own more gold than they actually have. So there's a lot of paper promises out there, which leads to another question, which is how safe are the banks themselves. And we want to get to this headline, which was that this former Harvard Economics professor, Terry Bumham. Sorry. Burnham. Burnham is good enough. Burnham, yeah. Burnham pulled out a million dollars out of bank of America. We put this article in last week's precious metal advisor. And he was basically just saying, look, if there's a bank run, you don't want to be 30th in line like they were in Cyprus. The FDIC, which is the insurance branch of the United States, don't have enough money to pay out if you have a million dollars sitting in the bank. And the banks are exposed to risks all around the world. You see that there's a lot of stories this past week of emerging economies and a lot of difficulties. And these banks have risk on those. So pulling the money out of the bank is one thing. And his major incentive, of course, is what we mentioned in the first segment. But now it's not only are you not getting a return on your money and you have it in the bank for safety, but now the safety of the banks is at risk. So he's putting his money into gold. We believe the same thing. You should have some cash on hand. You should have your money into bullion. And we're seeing more and more of that every day at Guildhall. Well, we believe you should have 15 to 20% of hard assets in your portfolio, gold, silver, natural, fancy colored diamonds. You have to look at the US budget deficit. It's $17 trillion in debt. $17 trillion is an awful lot of money. Now, to keep that debt alive, they've pushed the interest level down to virtually zero. Now, if the interest rates go up, 1%, 2%, 3%, you've got to service that debt. It costs an absolute fortune. In the US and in Canada, we haven't had really any cost of living increases. There's said inflation's only 1%, 2%. If you really want to believe that, I could sell you some swampland in Florida because go and see what it costs in the grocery store. The packaging is getting smaller. Everything is going up. We've made the US dollar stronger against the Canadian dollar. Where the fruit and vegetables come from? How many melons do they grow in Ontario? Right now. They grow through the oranges in the middle of January, February. It doesn't happen. The situation right now is that the cost of living is going to go up. When the unions say, "I need 5%, 10% cost of living allowance," and everybody wants more wages, once the union and the government gets wages, then it goes trickles down to everybody else. Just think about it, what it's going to cost you. You need to have some hard assets. Gold and silver is going to take off. I wish I knew my crystal ball is a little foggy right now. Last year I called for $50 silver. I thought it would hit that by the end of the year. I thought it would hit $2,000 gold. I was wrong, but guess what? It's going to happen. It's going to happen so quickly. You're going to see moves of $50, $60 in gold, and you're going to see silver move about $3, $4, $5 a day, and you wonder what happened. You're going to be sitting on the fence and say, "I wish I would have bought it 20." We sold more silver. When silver was $3.80, we sold more silver at $6 and $7. When it went to $10, we sold more at $15. We sold more at $20. We sold more at $30 and more at $40. It doesn't matter when you buy it. Whether you did buy it at $30 and you're sitting on it, you could always cost average. It dropped down to $18. $30 and $18 is $48. You cost average at $24. It doesn't matter. If you buy on a weekly, monthly, every quarter, gold or silver, you can cost average. But when it moves up, you can't be greedy as well. You've got to take some money off the table, and that's what smart money does. Guildhall, all my people that work have skin in the game. We own gold and silver. We're not like the stock guys you see on these shows, on the business shows. They talk about a stock. Do you own it? No. Does your family own it? No. Does your company own it? No. That's not what we're into. We own gold and silver. We've made money in gold and silver, and we intend to carry on making money. If you're listening to this show and you've been sitting on the fence, it's about time you got off the fence, made a phone call, call us for an investor kit, call us for the precious metal advisors, completely free. You'll get a year's subscription for no cost. I think you do want to know that fundamentally, the market is primed for a big move up. Fundamentally, the stock market, the experiment with central bank planning, it doesn't look like it's going well. You can fool some of the people some of the time, but you can see that other countries around the world are starting to say, "I want gold," just like they did in the 60s. They were printing tons of money, the US. Everyone knew it. France asked for their gold back. What did they do? They shut the gold window. They said, "Nope, you're going to get cash." They've been looking for ways to keep the gold price down. It didn't work in the '70s. They've managed to get it down to this price, but you know what? It's cheap where it is. You don't want to be in the middle of the pack when this thing hits. You don't want to be buying it at 40. You want to get in when it's early enough that not only protect your wealth, but also make some money along the way. We'll take a short break and lots more on the way to number 1-877-214-1711, the website guildhallwealth.com and check out the realmoneyshow.com while you're there. Sign up for the precious metals advisor. That's free. The real money show continues. Diamonds, diamonds, diamonds, natural, fancy colored diamonds are coming up next. And more of the real money show, the number is 1-877-214-1711 online at therealmoneyshow.com. While you're there, you can listen to past shows, get investor kits, all the information you need, and sign up for the precious metals advisor. That's what you want to do right now. Natural, fancy colored diamonds, Paul. What have we got? Well, we had a terrific week. Actually, I was away in Las Vegas with a super, Paul. I came back and there was a lot of diamonds sold. I spoke about before I went away last week, about the offer that we had. We've given away a beautiful diamond pendant for valentines. It's only good up to the 14th, which will be the next Friday, I believe. Any diamonds you buy on the website, you get a beautiful pendant completely for your charge. Whether you buy a 1-04 fancy yellow or you want to go and buy a 1-07 blue, fancy internally flawless for $380,000, it's up to you what you spend. Natural, fancy colored diamonds are probably one of the best kept secrets there is out there, and it's been like that for the last 40 years since they've been keeping records. They have never, ever, ever dropped in price in 40 years through recessions and depressions and whatever else you've had out there, the dot-com bubble, the housing bubble, whatever bubbles you want to come up with, natural, fancy colored diamonds have held their own. Vivids went up 35%. I'm paying 35% more for vivid, internally flawless diamonds if you can find them, because the dealers that have them in New York and in Tel Aviv and in Antwerp are not selling. Why would you sell something at 20, 25% where you can push them to the back of the safe, and you know in two years you've made 50, 60% return on your money, what you're going to get in the bank, ham sandwich, that's not what you need to do. You need to make an investment. If you're looking to retire, if you're looking to put your kids through university, buying a natural, fancy colored diamond, whether you hold it for five years, 10 years, on average natural, fancy colored diamonds double every four to five years. That's on average. That's taking a diamond for $10,000, $12,000, or whether you buy one for $30,000, $40,000. But let me give you a quick example of a great investment. 30 years ago you could have bought a one-carrot red. Red is one of the rarest colors. In a VS quality, you would have paid $30,000 for that one-carrot stone. Today you're paying $2 million for that stone if you can get it. Now I don't know many houses that you could have bought for $30,000 that are worth $200,000, $2 million today, but it's the same thing. 10 years ago you could have bought a fancy vivid internally flawless stone for around about $7,000, $8,000. Today you're looking at $35,000 to $40,000, easily. I'll go on pinks. The mine, I'll go on mine in Western Australia. They produce 90% of the world's pink, which is actually 1/10th of 1% of their actual production out of that mine. So I just told you in a little champagne glass that's one year's production of pink diamonds. So extremely rare. I'll go pinks are doubling basically every three years. Blues are doubling every two years and reds are doubling almost yearly. If you can find them, if you go to our website, GuildhallDiamonds.com, you will see the largest selection of internally flawless yellows that are out there on the marketplace. We don't have a website where we show you pictures and don't have the product. Every diamond on that website we own, and we have. We can show you that stone. Our gold pinks, we have an unbelievable selection. We only sell VS, by the way, in our gold pinks. Pinks come normally in SI1, SI2, I1. That means SI1 is slightly included where you can actually see the inclusions with a naked eye. With a VS quality diamond, you need a jeweler's loop, which is 10 times magnification to find it. If there is an inclusion, and again, when I go out to purchase these diamonds, I'm very selective. I turn down 80, 90% of the diamonds that I see, whether it's on a weekly, monthly basis, I won't buy. Let's somebody have that other 90%, or 80% or whatever it is, because every diamond I sell has to have the right color. Color is the first, most important is four C's. Color is the most important. The next is the clarity. Gravity means that does the diamond have any inclusions, does it have extra facets? Because that's really important. When the next thing is the cut, if the diamond is cut badly, then you're not going to get the scintillation coming from that diamond. The colors, it's not evenly, what's the word I'm looking for, but it's not even in the saturation. Fourth is the carot weight. When you're buying a yellow diamond, you have to buy a carot and above. Those are the type of diamonds that are easy to resell. In pinks, we only sell basically from about 2.3, which is just under a quarter of a carot up, because the Argyle mine only produces small diamonds. They don't produce one carot, two carot, three carot stones. They're basically 1, 2, which is a fifth of a carot up. These stones, these Argyle pinks, are unbelievable. They are Pete, they're masterpieces, they're a piece of art. The next color that you want to look at is blues. Blues are almost impossible to find. We have two blue diamonds up on our website right now. I'll give you one quick example, it's Southabism Christas. For every 112 Picassos that go into auction, there's only one blue diamond. A lot of Picassos. That's a lot of Picassos, and they're pretty rare too, versus a blue diamond, which is even rarer and more beautiful and are going up in value, going up very, very quickly. You can go to our website, you can buy a diamond for, get a starter diamond for as little as 12,000 and change. We go up to millions of dollars if that's what you want to go. We don't challenge anybody's pocket. Every diamond we sell comes with a GIA. That's a gemology institute of America. That is the diamond grading report. It tells you everything about the diamond, the color, the cut, the dimensions, and dimensions are very important. The table size, does it have the right table? That's the top of the diamond. Is the diamond too deep, or is it too narrow? Whatever it is, we only go and select a certain diamond. Again, certain diamonds produce unbelievable colors, especially in natural fancy color diamonds, cushions, radiance, bring out the color. The number to start investing, 1-877-214-1711, the website guildhalldiamonds.com and the real money show.com. Jeremy, who's buying? We're seeing a lot of different people buying. One of the things that is distinguishing amongst all diamond buyers is they do have a long-term perspective. They're not looking for a quick trade. They understand that we're going to put this money into this diamond. We're going to look to sell it in five, 10, 15, 20 years. I think that's the same mentality that goes into buying a long-term real estate type of feel. We're seeing all kinds. I had a client recently who is in his late 60s, early 70s, who says, "Look, I could be here till 90. I need something that's going to be safe, secure and show me some good returns." What we have seen over the years with our clients is they're very happy with the returns. I think that also is a similarity that for the who's who of diamond buyers, they see that return on investment. For example, I had a client who just bought a second or about to buy their second diamond with us and the diamond he purchased about a year and a half, two years ago. We would never sell it for the price he bought it at. They've definitely all gone up. We're also seeing younger people buying diamonds, couples, people getting engaged in their late 20s, early 30s, they're realizing, "Look, A, white diamonds don't grab as much attention as they used to, and also it's great to have a diamond that in 10, 15 years is actually going to move up in value with the times." We've certainly seen people who have tried to see what their diamonds were worth 20 years on and were unsatisfied with the results. I know many people make money on white diamonds, and as you're going to buy a D quality and then it has to be internally flawless, and you're looking 20, $27,000 a carat for a white diamond of that caliber that will go up, but it will not go up as much as a one carat yellow vivid internally flawless because, as I said, they tend to double every four or five years. You have to realize it takes billions of years to create a diamond. It's not like paper money. You turn on the printing presses and at the other end you've got all this paper coming out with denominations and... Dead presidents on it. Yeah, whatever it is, but that's how easy it is with paper. When you have a hard asset like a diamond, not only is it a thing of beauty, and, again, if you have a diamond and you want to put it into a piece of jewelry, we call it wealth to wear, you can wear it, your wife can wear it, girlfriend can wear it, and at the same time it's going up in value. And we're seeing more and more, as Jeremy said, people in the late 20s, early 30s that are now coming to us instead of buying that white diamond or buying a yellow diamond and putting it into a piece, and they can see how much every year, if you want to get that diamond reappraise, you call me, and because it's been a praise, and the people that we use to appraise our diamonds, they just look up what the cost is, what the actual cost today of that diamond, and we can get a new appraisal for you pretty quickly. So it's a great, great investment. If you're looking, as I said, to retire, whether it's in 10 years, 15 years, 20 years, putting your kids through education, you've got two kids right now, two, three years old, what a great way to look after their education by two diamonds, 15,000 each, those diamonds could easily be worth 75,000 to 100,000 each in 20 years time. 187-721-41711, the website guildhallwell.com or guildhalldiamonds.com, and make sure you check out the Real Money Show.com, you guys are the masters of the internet, honestly. Yeah, we will. You've got it all there. Well, we put the realmoneyshow.com together to make it really easy for everyone to get the information. Definitely give us a call for diamonds. We send out e-mailers every so often, educating on colored diamonds, as well as showing some new diamonds that we procured and any particular promotion that we have going. So you want to get on that list, it's a great way to see what's coming down the pipe in colored diamonds. So go to the realmoneyshow.com and just fill out the info and we'll get that out to you. Well, that's the other thing as well, like our clients, existing clients and clients on our list. That's the first kick of the can of new product that we get before we even put it up on the website. A majority of our diamonds get sold before we actually put them up on the website. So it is first come, first served, they're becoming harder and rarer and rarer to get the quality. I'm always going on buying trips, I'm always trying to buy. I have people calling me all the time. If we don't get the right product I don't buy, let somebody else have that other product. But it's important. We give you that, as well, we belong to the NCDIA, which is the National Color Diamond Association. We give you a GIA report, we give you an independent appraisal, which is very important. When you buy a diamond, we give you a 10-day money bag guarantee. Go to the website. If you're looking to buy a diamond, you want to check us out. Go to the NCDIA, call them and they will tell you, we will have a client reference from them and our clients. Our clients, we leave them very, very happy, it's important. Every diamond that I buy, I know I'm going to get that diamond back sometime. I'm happy to get it back because it's so hard to find this quality. It's like me being a real estate broker. If I sold a house or several houses, I'm always going to have somebody that's looking for that type of house. We have the clients for that. Paul just said it. This is all about quality. As we go into the last segment and just talk about how ridiculous things are getting in the economy with central bank planning and all the money that's being created, there's certainly a massive flight to quality. Next time around, is the US dollar going to be considered a flight to quality as it has in the past or is it going to be gold or in this case, colored diamonds? We're seeing a lot of people have that flight to quality. It's all about quality, quality, quality. Go to the website. You can see the quality of those diamonds or you can go to therealmoneyshow.com. Of course, but coming back, we want to get back to the markets and see how the developments in the markets, what that's going to say for your colored diamond ownership and your gold ownership. We'll take one more short break. The number to call to action to go for, 1-8-7-7-2-1-4-17-11 to start investing in the realmoneyshow.com. More of the real money show coming up. And back with more of the real money show, the number is 1-8-7-7-2-1-4-17-11. The website is therealmoneyshow.com. You can buy your silver and gold, Paul and Jeremy in sitting there, put it in the safe or put it in the depository. What do you use it for? What can you use silver for? What is it used for? Could go stop? Yeah. In this case, in this case, world's best, what is it? Paperweight? Paperweight? Yeah. I had a client today saying, "Well, how much is 1,000 ounces?" I showed him a 100-ounce bar. He said, "Yeah, keep it. I'm not taking that home." But for our purposes, people are using it to store their value, store their hard-earned wealth. But silver does have many usages, which is part and parcel why we have that fourth fundamental that we always talk about supply and demand, or as I like to call the reality trade. There is very little silver above ground because it's in your computer, it's in your car, it's in your cell phone, it's in your new iPad, it's in your plasma screen TV, and your toaster oven, and your refrigerator, and your dishwasher, and your washing machine. It's in the light switch you just turned on, and especially in that dimmer. It's in your transition lenses. We're looking out the studio today. It just got real sunny. Your lenses are transitioning, and they're silver in that. Now they're starting, I'm sure the NSA loves this one, that they're starting to put it in the wallpaper because it blocks Wi-Fi, which they'd love to make sure that they keep their information, so it leaves their headaches. Speaking of medical usages, it's also in a ton of medical usages because it naturally absorbs bacteria, so I could go on all day at the end of- It enhances the silver and the mist, oh boy. At the end of the day, what we're looking at is a depleted resource that is being sold at a very cheap cost. Imagine there being a run-on drinking water, and the guy down at the convenience store is still selling a bottle of water for $1.95. It just wouldn't happen. It would not happen. The reality trade is, supply and demand dictates that the price is silver, especially since it's an industrial metal, will soon find its proper market value once all of this. Joking has gone and experiments have gone the wrong way. Of course, I have to say, as G. Edward Griffin would say, who wrote, it came from Jekyll Island, another second look at the Fed, that when this all goes to the proverbial hell in a hand basket, the Fed will be the first people to say, "See what happens when we don't intervene." When it all starts to collapse, they're going to say, "See what happens? We need more control." That's what they're going to look for. But ultimately, look, here's the thing. In the last week, we've seen the Fed taper, not a big deal. They haven't taken anything out of the system. They're still creating $65 billion a month. If the market does not go their way in the next six months, they're going to have to turn on the tap again and start really uploading the tapering. We've got this former Harvard professor that I screwed up his name the first time around, but Terry Burnham, we put this article last week on the precious metal advisor. He took out a million dollars out of Bank of America. Why? Because he put it in there for safety, and now he doesn't feel that the safety and lack of return on his money is coming his way. He's very concerned about being in the middle of the pack if there is a bank run, and that the banks have too much exposure to foreign markets. He's pulled out his money, and that's a Harvard professor, former economics professor. The downside to that, if he's got a million dollars cash, no one's going to take the cash from him to buy gold and silver, because you've got to report it to the government. That's the downside. He left it in the bank, and then bought the gold and silver another story. You've got to look at China. China, biggest importers right now of gold, central banker just buying tons and tons. India was always the largest nation to import gold. They love gold more than they love curry. Gerald Solante, thank you very much. Thank you. Thank you. Very much. Great line. A tariff on gold, I think it's as much as 10, 15% tariff that went on because their rupee was tanking. What happens is there's more gold coming through the back door than was going through the front door. They weren't getting their tariffs anyway. At Davos a couple of weeks ago when they had the big, all the financial bigwigs were there, they kind of let it out the bag. The Indian government that's actually running the country now is not going to get reelected unless they take this tariff off. Once they take this tariff off, you're going to see a huge amount of gold being purchased by India again and will overtake China. There's only a certain amount of product out there. People are buying more gold than's being produced. Jeremy was talking about JP Morgan, 87,000 ounces of gold on hand, and how many times is that being traded over and over and over and over could be as much as 10 times, could be 100 times. Who knows? We don't get to check inventory, but if you look at the comics, silver and gold is being traded five, 10 times more than what the product is. What's happening in the futures market as the contracts end, people wanting to take the product and a guild hall, what we tell people, take the product out of the market, either take it home, put it in our depository where it's safe, secure, insured with loyds in London. You can't get better than that. If you want an account where you want it allocated and segregated, we can give you the bar numbers on 1,000 ounces, that's 10, 100-ounce bars. We can put it in secure in a safe lock box for you. We can't touch it. The depository can't touch it. You want to sell three bars. You have to give us the numbers to be able to take out. And let's go from curry to strudel. Let's talk about Germany for a minute here. They wanted to get half of their gold back. Some of it was held in Europe. Half of it was held in the US, something like 370, something tons. They were only able to get back a little over 30 tons last year. The New York Fed saying, "Sorry, boys, but you're not going to get your gold back till 2020." Meanwhile, China bought 1,000 tons, no problem. What is the real story here? If you had the gold, if you were transparent, you'd say, "I'm going to open the safe. I'm going to send you guys your gold." Thank you very much. Two-check. Two-check, cool. Let's work on our trade relations here. Let's get some BMW cars a little cheaper in the United States. But no, at the end of the day, they're not getting their gold back. Now, what happens as a result? In the last few weeks, the regulators in Germany started looking into the price fixing on gold that happens twice a day in London, and immediately Deutsche Bank pulls out. Of course, a couple members of that institution were getting headlines this past week in apparent suicides. Things are going very odd these days. It's starting to look-- It's starting to look like prohibition times in Chicago, and the gangster is going on, and you don't know if they're going after each other. It's just starting to look very strange. We're starting to see a quiet rush into bullion at Guildhall. Like I said, at the outset of the show, we've seen very strong buying since the beginning of the year. I think there's a feeling out there that the market has consolidated long enough that the bottom is in, that the market is poised to take off here, and the other markets in the paper markets are poised to take a fall, and this fall could be a big one, because of course, it's a bubble on top of a bubble, and things can only really get bad from there. It's worrying. It's a very worrying time. I read articles all week, and I get angry at what's happening. I think there's a lot of people getting angry. I think everyone has really suffered through all of this. I think that we've been very lucky in Canada that it hasn't affected us the way it has in the States when you start to look at people on food stamps and the people falling off the unemployment and not being a number anymore. The US doesn't like the unemployment numbers. They take you off their list, and I'm sure it must be heartbreaking to say, I don't count anymore in the United States. Things are definitely not good, and I wouldn't believe the headlines if they said they're tapering because it's good. I think everything we've talked about today shows that, and I think you want to start to look at ways to protect your wealth. If you're not quite convinced yet, get the Precious Metal Advisor, go to therealmoneyshow.com, and a couple of these articles that we've talked about today will be on that. If you didn't... My talking fast enough, by the way. You're a good friend. Go, man. Go. But again, if you need the investor kit, John, you'll give out the numbers. Get on our Precious Metal Advisor list. As I said, it's a $2,250 subscription, yearly subscription, which we've given you completely free of charge. There's no obligation. If you really want to get in on the market and you want to purchase, give us a call. We'll be happy to hold your hand and take you through the whole process. And maybe the end-use some Precious Metal and a fancy color diamond combo would be good too. You want to have more information than that number is 1-877-214-1711. The website is therealmoneyshow.com. Go there now, check it out, and sign up for the Precious Metal Advisor. This has been the Real Money Show. What if you could have a streaming service that added new shows and movies every day? 365 days a year. Tune in on Monday and watch traumas like Fight Night, The Million Dollar Heist. Tuesday, watch reality shows like Top Chef Canada. And Wednesday, enjoy comedies like Ted. And it just keeps going and going every single day. 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