The Real Money Show
The Real Money Show - September 14th, 2013
this week. Welcome to the Real Money Show with Guild Hall Wealth Management in studio today. We have Paul Weisman, President Jeremy Weisman, Nicole, the Queen of Diamonds and Darren Long, a full hour of the best in Golden Silver Boy and a natural fancy color Diamonds, the numbers you need to know. One eight seven seven, two, one, four, 17 eleven and guildhall wealth dot com. Hello. All right, Darren. Good time. How are you doing? We're going to start off with our update. We are. Listen, week over week, we had a bit of a surprise for the advisor, the newsletter that our firm sends out to subscribers and clients alike. You will note that in the first paragraph of this week's update, I did indicate that we would expect a small pullback in the market. This is to be seen as something of a buying opportunity. The market is very healthy. We're going to go into reasons why we believe this is a good retracement. But week over week, the price of silver dip from about 90 down to 1315. Now a lot of that you have to understand is on the importance of understanding where the politics of economics are right now. We are not seeing the same type of threat at the end of the week as we did at the beginning of the week where Syria is concerned and of course that has a bit of pressure on the risk of investments like gold and silver, among others. In addition to that, we do not know which direction that the feds are going to go. There is lots of banter that they may reduce or taper off as the headlines say. They're quantitative easing program. It's at $85 billion a month right now. But I'll tell you they are not going to be able to taper off that much. And that's also built into a bit of a pullback in pricing. But again, this is very healthy. Now what we're seeing and it's important to remember is that we believe the June lows in silver and gold are intact. Silver hit $18 an ounce. Gold dropped down in the eleven hundred and fifty range. And it is very important to know that it is very important to know what the price is going to be intact. We do believe that the prices will go and search far higher from here by Christmas. You'll be looking at this as a very smart decision to buy some silver or gold. In addition to that, we have already seen the bottom in this market. Technically, we're very sound and we're very poised to resume the long term bull market that we've been in. And I would probably further a pine that it's likely we're going to see this correction like we had over the last twenty four months. Now, if you look at silver in particular, it's interesting because this week we got news in the U.S. that retail sales were lower than expected. And again, nothing stellar. There was nothing extraordinary. No one particular segment of that report was interesting to me. They said that automobile sales were up slightly. But again, a lot of sales coming this time of year for end of year getting ready for new inventory. So that makes total sense. They said that sales of buildings, building materials and garden equipment suppliers fell off a lot. Very strange to hear that in summer months. You typically don't hear that. That is definitely a bearish sign for me on economic impact going forward in the U.S. in particular back to school sales very weak in the U.S. and in Canada. Not great. It's not what we were expecting to see could be a lot of people saving bucks trying to reuse, recycle what they already have. But again, not bad. But when we look over seas, the Eurozone, the industrial production numbers return to contraction in July. They're a little bit outdated. Those numbers they tumbled about 1.5% month over month from 0.6% gain in June. And again, they missed the consensus big time. So again, we're seeing weakness over there Italian production also slipped and it's worse than expected figures like this that are going to give rise to that. But again, I don't believe that we're seeing it in the U.S. I know that Jeremy Paul and Nicole, we sit here every week and tell people clearly we don't believe that we're seeing the type of gains that are being touted in the headlines. So we're going to stick to the plan. And the plan is that if you're going to protect your portfolio moving forward you have to own physical hard assets, gold, silver, fancy color diamond, a guild hall color diamond. Yeah, if you were if you were trading in gold, you would have been selling based on the tension with Syria easing and the potential for tapering easing as well. So if you were if you were paying attention to routers or those type of news outlets, that's the type of news you'd be trading on. You'd be a seller here for gold. Of course, what they're not showing is that even if the Fed tapered 15 billion a month, they'd still be they'd still be creating money in the realm of 70 billion a month. And ultimately, it's all baked in the cake. They're adding a trillion dollars a year to the deficit. Who knows? You know, they're going to hit their debt ceiling. The fundamentals are all still very much in play. I don't care if you taper the tiniest bit. You're going to need to to print a lot more down the road if you don't hit those unemployment numbers and you could try to mask the unemployment as much as you can. Try to mask the industrial as much as you can. But the fact is is it's you know, it's struggling. It's very much struggling. I would have I'd have a tough time calling it a real recovery. So if you look at the underlying fundamentals, you see that it's very strong here and then we want to then look just a slightly just slightly back in the past here for that big move up that we saw in gold and silver coming into September. Remember, although we have, well, in particular myself, I have a very strong bias towards silver. I'm a very firm believer in silver and people know that from listening. But if you look at bottom to top in this particular move, you see the last move, we came out of our June lows in silver at around $18 an ounce and moved all the way up to 2470, which is about give or take a 37% move. Now that's a very big jump in a very short period of time, which was about 40 to 45 days give or take. And ultimately, if you look at this retracement we've had right here, we still remain about 22 to 23% higher. So we are still seeing silver move ahead. It's still in a bullish and uptrend movement, same with gold. But technically, we are very sound. We should be looking at this as an opportunity to buy. You want to buy physical product, not paper, and you want to add this to your portfolio as soon as possible. Now, let's take a look for a second at the inflation adjusted price of silver. If we look at the all-time inflation adjusted price of silver, it's actually 150. And we use that according to the CPI scale in the U.S. And again, ultimately that drives where we're heading in the near future. In order to meet or exceed that all-time high, it would mean that silver would have to venture towards 150 pounds, which is something we all believe in long-term. The phone number one, eight, seven, seven, two, one, four, 17, 11, and guildhallwealth.com. You've talked twice so far since we started about purchasing and getting in on physical bullion. How's that word, Paul? I'm on a vow of silence here. They told me to shut up for the first segment. But it's very hard not to talk about what's happening in the States. What's happening in Syria? What's happening just around the world? Gold and silver, as I said, last week, as soon as there is a G20 or a G7G8 meeting, gold and silver always seem to come off. They have these meetings. They discuss what they're going to do. Never, anything comes out of it. We're looking at the jobless claims this week in the States. They had the record jobless claims according to the Department of Labor in the States of around about 292,000 jobless claims. But they've got a problem. They're just introducing an upgrade on two of their major computers. So it's completely BS. There's always a reason for something to happen. If you talk to the average person in the US, they're really having a tough time. What happens in the States, you sneeze in the States, we catch a call in Canada. It's tough out there. A lot of companies are laying off. Big companies are laying off people. They're not creating jobs. I watched an interesting program actually on 60 minutes last Sunday about robots and how they're hiring robots which work out of about $3.20 an hour to replace humans that are working jobs. And this is what's happening through Canada, through the States, even in Asia. I mean, Asia is going to be not able to compete with robots that you can put in the States or in Canada. So let's look at where we are in the market right now. The safest place to be is hard assets. Countries that are printing, whether it be the US, whether it be Europe, whether it's Canada, whether it's Great Britain, they are creating fiat currency. Fiat currency is printing paper. Printing paper means confiscating your wealth. We looked at Cyprus a couple of months ago where they confiscated people that had over 100,000 euros in the bank. You lost 20% of your wealth. I watched a program on CBS. CBC last night about gold on Thursday night and back, you know, almost 100 years ago. The US confiscated people's gold and they gave them cash at $35 an ounce. You're trying to do that in India now? Well, we've got to not confiscate but try to get people to hand in their gold willingly hand in their gold. We're getting an amazing amount of calls from the US for people that want to take their cash, put it into gold, put it into silver and put it into our depository in Canada. They are getting extremely nervous in the States. And I should think most people that have money in the bank today are getting a little nervous, too. The Guildhall, we are in the precious metals business. We trade in physical product. You buy, you can buy gold, silver, platinum, platinum, you can take a media delivery if you want to take it home. We have a depository where you can purchase the gold silver. For example, for easy liquidity, you can sell it on a phone call. It's safe. It's secure. It's insured, which is one of the best ways to own gold and silver. It's a very small storage fee. Give us a call and we'll go through how to open an account. We can even offer collateralized finance for people that want to take a little bit of a risk. You can put up as little as 30% and finance, 70% of your position. We don't sell equities. We don't sell ETFs. We don't sell certificates. We don't sell any type of paper. We don't sell futures or options on futures. We sell the product when you drop a hundred ounce bar of silver on the floor, it makes a claim. That's what you want to buy. You want to be in physical. One eight seven seven two one four seventeen eleven and Guildhall wealth dot com to start investing now. Those are also the number and the email or pardon me, the website. You want to get it on the seminar by the way, having in the nineteen till next week from seven to nine shared in Parkway Highway seven and Leslie register online or by calling that number and get your tickets and get in there soon because they're going to fill up that room for sure guys. That's absolutely it. With that seminar is going to be a discussion on how to own and invest in physical gold, silver, platinum, palladium as well as buying and investing in natural, fancy color diamonds. It will feature everybody here on this panel. It's an opportunity to be educated, but it's also an opportunity to come out and ask those buying questions. Get people excited about what opportunities lie ahead for precious metals and color diamonds. So this is what we're we're going to hold for everybody. And again, we welcome anybody who wants to have a call. And the great thing is you get to meet our team. You get to meet people. You get to meet real people living bodies, not when you phone in, you know, let's put you to line one, line two, line three. You always get through to somebody at Good Hall. It's very easy to open an account. As I said, if you want to take home delivery, if you want to buy gold and silver, you want to, you know, put it in the buried in the garden, put it in the basement, put it under the mattress, put it in your safety posse box. It's a, you know, it's not a bad way to buy product. People are happy that way. But I've got to tell you the downside. There is a downside to buying physical product and taking it home. When you want to go sell that product, you have to stop your everyday chore. You know, if you're a doctor or a dentist, are you going to stop in the middle of an operation or servicing a client to say, oh, I've got to go sell my gold and silver and go somewhere and then try to sell it. And they're going to may even say to you, we have to say this product. We can't take it in unless we know it's a hundred percent when you buy from us and you purchase from us and you put it in the repository. Yes, it's going to cost you a little bit of money. It's going to cost you a very small service charge to store and ensure that product, but it's going to be safe, secure, insured and you can sell it on a phone call. You don't have to stop in the middle of an operation and say to your nurse, can you take over because I have to run to the bank and take it out of my safety posse box or go to my house and take it out of the basement. Remember, a thousand ounces of silver weighs about 70 pound. Do you want to lug five thousand ounces of silver, three hundred and fifty pound around? The answer is no. So there is some great reasons why you should put your product in a depository that's safe, secure. We offer this through Guildhall wealth and it is a great way to get into this market. You can get in for a couple of hundred ounces of silver. It's five thousand dollars. It's a great, great way to go. We'll take our first break and when we come back, we'll talk about global demand. As Paul made reference to and Jeremy did as well. Puss will talk about bottoming out and we'll give you a real, a real time example, a real life example about say a thousand ounces of silver, what it would cost and how to do it. The numbers one eight seven seven two one four seventeen eleven and Guildhall wealth.com. This is the real money show. The real money show returns. The numbers you need to know one eight seven seven two one four seventeen eleven and Guildhall wealth.com to start investing right away. By the way, seven are coming up next week and want to be for the there for that September 19th the time seven to nine p.m. It'll be the Sheridan Parkway at Highway seven and Leslie. You can register online at that aforementioned website or call for your tickets. Get them soon guys because it's going to fill up and I'll meet all you fine gentlemen. Nicole and get all the information they need to know. I have to say something, John. You have to register because ceiling is limited. Right. It's really important. Not only that we, you know, tend to feed you and give you a cup of tea or coffee. So we need to know what to order. So it's important that you register as I said, sitting is limited. Question for you, Darren. We alluded to before the break, global demand and why the bottom is in. Why is that? Well, basically, if you take a look at precious metals right now in the entire arena overall, a lot of people, again, perfect example this morning, I come into the office. We have a slight downside in silver and gold and everybody uses the description words of huge, enormous, what a crazy downside or the market falling. You don't see those terms when you lose 10 percent a day in a stock or 10 percent a day in the stock markets. But here it is. And you can find it quite frequently in silver and gold when you get the slightest pullback. So we want to examine a little further and get a little educated about why that might not be the case. And technically we're still sound and in an uptrend bull market for both gold and silver. Now let's take a look. We talked about in the first segment. Technically, the market is very sound. We're seeing moving averages all correspond and there is a much technical evidence out there to suggest higher prices as one might be able to make the case for slightly lower prices from here. Secondly, if you look at the sheer size of global demand for physical silver, it's about one billion or sorry, one billion ounces a year get pulled out of the ground annually from mine production and recycling of that roughly about nine hundred million ounces are consumed in industrial use alone. This comes from the silver. This is from the Silver Institute. Their their site gives us these statistics. Now we know that that leaves approximately of the nine of the one billion ounces, about one hundred million ounces for investment demand. Now, if you look at this year so far and you look at just the US and the Canadian Mint, the US Mint is on target to hit around 42 million ounces worth of sales in silver. Now it's huge. If you add the Canadian Mint to that, they're on target to hit somewhere around twenty four million. Now together, that's more than half of those ounces that are being made available. Again, we're not taking into consideration countries like China and India. And and also just to understand from from within the industry, you're already seeing we've we've long been seeing delays to receive that bullion that was coming through the through the wholesalers of the mints, but you know, we want to also look at that that that growing demand on silver in industrial uses. Hey, John, you ever hear of re-rams? No, never in my life. You have no idea what it is. I have no idea. Well, basically what it is is it's a new component that's going to be built with silver to replace flash drives. So technology, obviously, or electronics is a trillion dollar industry and this is just one example of how new patents using technology, silver is the number one component in a lot of new technologies. So silver, when it looks solar, you look at batteries, you look at water purification, which going forward is going to be a major concern, medical usages. We don't really want to get into medical sorry, military aspects, but you know, it's in transition lenses. It's in clothing. So it's it's it's so like washers and driers. Washers, dryers, it's so vital to our everyday world that these are the sorts of underlying fundamentals that you're not going to learn watching the price move up and down. So you have to you have to dig a little deeper than the the router's headlines to find out where this where these where the bullion prices are heading. And it's the same thing that you know, we used to say don't judge a book by its cover. Well, don't judge a story of silver by some headline you read because most often it's not the case if you look at China, India alone, which are two sources of buyers, which did not exist in the 70s when both gold and silver went to astronomically high prices in a very short period of time. That's about, you know, let's say between one to three billion potential investors. Now, if you look at just the first half of 2013, India imported about 3000 tons of silver, which translates into around 103 million ounces, and it's safe to say based on the trend in India that they're going to end up importing around 200 million ounces this year. If you add China to that, that's another the latest figures anyways. That's another 82 and a half million ounces of silver. And if you add that all together, where's that coming from? It has to come from existing supply, which is nonexistent. There is no stockpile of silver in the world. Yet these headlines are telling us a true story. So behind that talk of analysts telling you the price is going to go down. You have to think very logically, is this the turn of a market where all of a sudden the economy is going to spark up and get better? Are we going to see improved economic? Are we going to see job creation? Are we going to see less unemployment? Are we going to see better housing? Are we going to see a stronger US dollar long term? And the answer to that is no, we all know that. It's not hard. It's not something you have to investigate too far. The answer then to whether or not I should be looking at an opportunity in gold and silver is very simple. The answer is yes. It's on sale and when you get buying dips, you want to rush in and you want to get it. 1 8 7 7 2 1 4 17 11. You talk about a million ounces might be a little high for the math. Let's look at say a thousand ounces. How do I get it? How does it work? Well, certainly if you want to you can purchase it, take home delivery. A thousand ounces right now would cost you a little over $24,000 Canadian. And of course you can also store that in the repository where you'll receive monthly statements, know exactly what you're holding. It's safe and secure. You're getting the actual bricks. You can go visit it if you'd like. We can set up appointments to go kiss your metal. But and then you're also getting you're getting the assistance of Guildhall to, you know, give us a call. Hey, I just read a bad article. What do you think are these guys on point? And that's the type of relationships we have with our with our clients on a day to day basis. So it's nice to have all of those added features. You can also finance it, of course, as well, where with collateralized financing, you'd put up as little as 30%, which would cost you about $8,400 all in to buy a thousand ounces. So in that case, you're looking for silver to move up to less than $30 an ounce to double your money. Of course, if you own it outright, you're looking for it to to double in price from here. But one is offering a lot more safety security. One is offering some other advantages like liquidity and taking advantage of the market. So lots of different options and we'll we'll walk you through all of them. That's the beauty of the of the firm that we have. That's the hand holding process that we go through with every client. It's important to note that we do take that time. And again, you have to ask yourself what is right for yourself. You can't come in here and expect to be buying a million dollars with a bullion and have only the minimum to put out. You have to recognize what is a safe risk for you. We generally suggest around 10 to 25% of your net portfolio and the higher you go up to that 25% point, the more bullish you are. But again, that's going to make up a really solid foundation in your portfolio. The key thing is if you are not invested right now in gold, silver or a natural fancy colored diamond, you need to sign up for our seminar. It's important for the simple fact that we will go through Darren does an unbelievable presentation on gold and silver and gives you facts, not BS gives you facts. We're not selling vaporware. We sell gold, silver and natural fancy colored diamonds and we back up what we do. Nicole is going to actually this time do the presentation on natural fancy colored diamonds. She is an expert. She is a diamond grading graduate from GIA, which is the, you know, the leader in certification of diamonds. She's a graduate. She knows everything about diamonds, how they're cut, the clarity, the color, the carrot weight. And, you know, this is really important and we pass this information. You are getting our brains at this seminar. You are learning how to invest, why you should invest. And this is the greatest opportunity you're going to get to invest, not only for your family, for your future, whether you're going to retire, whether you're going to put your kids through university. This is something that you need to do. So you need to come out to the seminar. Only 3% of the world's population actually own and invest in gold and silver, even less in natural fancy colored diamonds because there's nowhere to learn about it. Nobody's going to teach you about it. You're not going to go to school. You're not going to go to university and somebody's going to give you a course on natural fancy colored diamonds. It doesn't exist. It only happens for the very savvy people in business and investments. So we're going to take you through this. Nikko, you want to just add something? Yeah, because in terms of education, if you go online, it's so much information and you don't know what you're getting is accurate. So there's just so much out there now because there's more awareness. So you really need to learn from us who will teach it to you. We live and breathe this every day and you're going to learn the proper things to look for when you're investing in colored diamonds, not just what's out there. And it's our expertise that we're going to pass along to you. So whether you've got 5,000 to invest, 10,000 to invest, 100,000 to invest, this seminar is for you. You need to call. You need to go online. You need to register. We will hold your hand through this whole process. 1 8 7 7 2 1 4 17 11 and Guildhall wealth dot com. That seminar that Paul speaks of is happening on the 19th from 7 till 9 p.m. The place is shared in Parkway. That's up at highway 7 Leslie and Markham Register online soon to do it now or call and register your spot. I can I can assume that is as well steeped as people get each week on this show that two solid hours with FaceTime with you guys will be able to answer some questions, ask some questions and learn more, right? Absolutely. I mean, I was reading some reports this morning, even from Gartman who said he made a wrong call Dennis Gartman. Dennis Gartman has a newsletter. He said, I got it all wrong on gold. He shouldn't buy gold. He should have bought stocks. This guy's never called anything right, but he has a newsletter and it's great is a nice guy. You know, being in investments, hard assets like gold and silver, it's not day trading. You don't day trade your house. Why would you day trade gold and silver day trading is for people that are dealing in paper. We are not dealing in paper. We're dealing in hard assets. You buy a diamond, you're going to hold on to it for five years, 10 years, 15 years and you're going to double triple quadruple your money. If you buy gold and silver, you know, if you were to board silver, if you took $10,000, 10 years ago, put it in a tin can, buried it in the back garden. You'd have 10,000 in cash today with a buying power of 7,000. If you'd have bought 2,500 ounces of silver because it was trading of $4 today at $22, you'd have about $55,000. And that's on a low price, you know, last two years ago, May two years ago, that same 2,500 ounces was worth 120,000. Do I think it's going to go higher? Yes, I do. In my opinion, I think you're going to see $60. Silver in the very near future. Well, I think ultimately we like to compare what's going on today, what we've seen in the past. We know that every bull market in precious metals that we've seen in the last 120 years has ended with a one-to-one ratio to the Dow, which right now would put gold somewhere north of 13,000. So either the Dow's looking a little pitchy or it's got some ways to pull off at this point. And certainly you can go do your research and you can see clearly that the stock markets have been moving up ever since quantitative easing started. So one could very much put a argument that it's basically been inflated through mass printing of money or creation of money out of thin air. So when we look at the comparing past bull market performance to this bull market performance and when you think about what money is worth, we want to go back to what Darren was saying about inflation adjusted prices and it's very clear that silver has the potential to hit well over north of $100 to $150 and gold could be anywhere north of 3,000 and 5,000. Many people are calling 10. And we're going to talk about diamonds in the next segment, but I'll go out pings 10 to stones have gone up 200 percent since 2008, 200 percent since 2008. This is the type of investment you need to make to protect your wealth, protect your capital and look after your future and your kid's future. You mentioned Nicole. So he is the queen of diamonds and GIA certified, which is pretty much, you know, the Harvard of the diamond education. She's coming up. She'll talk about our guy. All diamonds are favorite part of the show. The number you need to know to start investing and get in on that seminar as soon as you can. 1 8 7 7 2 1 4 17 11 and guildhallwealth.com. The real money show continues. The real money show with Guildhallwealth.com. The number 1 8 7 2 1 4 17 11 Guildhallwealth.com. The seminar happening next week, September 19th from 7 to 9 p.m. The place will be the Sheridan Parkway at highway 7. The Leslie Redster online soon. The tickets are going to sell out and you won't have access to meet everybody in the room and get lots of knowledge on gold and silver bullion and fancy colored diamonds, which we are right now. The tender. What is it? What's going on Jeremy? So the Argyle tender and Argyle is Argyle is the mine out of Western Australia and basically once a year, they show off a spoonful of pink diamonds. That's it. That's it. Spoonful. So that's the their production, which is mostly whites. Their production is one tenth of one percent are pink diamonds. Now out of those pink diamonds, they're going to choose the best of the best, which would end up being about a teaspoon of diamonds. Now that one tenth of one percent pinks represent 90 percent of what is coming online as in terms of pink diamonds. So if you want to talk about rarity, that gives you a good clear picture of what what type of rarity we're talking about when it comes to pink diamonds out of the color scheme. Obviously red would be the most rare. You've got blue purples oranges and then you've got pinks and then you move into yellows and then you might move into what we deem as non investment grade diamonds. So when you're when we're looking at the tender though, as far as Guildhall is concerned, some might say any any Argyle tender diamond would be great, but we're looking for something even more than that. So we look to find V.S. in those Argyle tender diamonds. And I'm not quite sure how many this year. It's usually less than 10 out of 50 or so. So we have our eye on a few this year. We've got some bids in and we'll obviously let you know how we do and this tender in particular is really remarkable tender. There's many firsts in this tender. So for instance, there's usually about 55 diamonds. And like Jeremy said, it fills a teaspoon this year. There's a total of 54.99 carats, which is well over a teaspoon. It's also the first tender where they're going to have three red diamonds. This is huge because in the whole history of the mind, which is 25 years, there's only been nine diamonds. Three of them are in this tender. So there's one diamond in particular that were read. Yes, there's one one diamond in particular, which is the Argyle Phoenix and that's 1.56 carats. It's a round brilliant bed and now it's an eye to we don't look at I to which is included, but this one they're looking the Argyle mine is potentially looking at 2.5 million dollars for this one diamond and a diamond of similar quality to this Argyle Phoenix sold in London recently for 1.6 million. So it just goes to illustrate the point of how Argyle diamonds are so coveted. They're so exceptional and they're worked on for a year by skilled artisans and this is the first tender in 20 years where the polishers are just in awe of what they've seen. I mean, there's blues, there's reds, 64 diamonds and there's only 11 in the whole collection that are a V.S. quality and we're actually our partners out of New York will actually be bidding on our behalf because we want to own one of those V.S. We're not going last year. Two thousand and eleven. We went actually to the tender in Hong Kong in Kowloon actually. We didn't go last year. We had our partners in New York Bidfress and we won several stones. They're out there this year looking at it. We've put we told them what we're looking for last week. I spoke about we had the list of diamonds a couple of our clients have requested certain diamonds and we're tendering on quite a few diamonds, but basically they are the V.S. quality and we know we're going to pay a surcharge for this type of diamond one eight seven seven two one four seventeen eleven Guildhall wealth.com to start investing. Darren you mentioned a question of the week. What is it this week? Well, it came to me via one of my potential clients and we sent out an article earlier in the week in Reuters was talking about the possibility of the per carat value of the pink diamond being sold in the Argal tender and their suggestion was that some analysts are saying it could reach as high as a million per carat, which is right now well and above beyond what the per carat cost is. So my question was more so to Nicole. Do you think based on the shortage of high quality pinks that we're getting year over year, is it possible that some of these pinks could push a million per carat? Absolutely. And as a matter of fact, Argal diamonds in general are usually 20 times the price of a white diamond, but Argal tender diamonds are 50 percent higher than white diamonds and it just goes to show that they're just going for crazy amounts. The bidding is insane year after year, the bidding gets higher and higher because there's only a handful of tenders left for one. Number two, it's becoming more expensive to mine because now that Argal mine has gone underground and the mine already collapsed once they've had to fix that and there's just less diamonds available is becoming more expensive. It's pushing the prices up and investor sentiment is incredibly high for pink diamonds, especially in Asia. So investors, collectors want these diamonds and typically we see that Argal tender diamonds go up 30 percent each year. So the tender diamond as high as 50, especially for VS and for very rare colors such as red and high clarity grades, we have a tender diamond on our site, which we're going to feature in a few minutes, but just to wrap up Darren's question. Yes, the answer to that is definitely in a long winded way. Definitely upwards of a million. And here's the second part of that question. Based on that answer being yes, is it conceivable that the existing pink diamonds on our site would go higher in price as a result, definitely, and we actually wanted to talk about that, particularly with the tender diamond because we see diamonds going upwards of 30 to 50 percent, not only does it push up demand and prices for pinks, but it actually elevates color diamonds in general because now the public is more aware of the tender diamonds and more aware of pinks and the other color grades go up consistently as well, maybe not as much as 30 percent, but you're definitely going to see the prices go up now for yellows, blue greens, et cetera. And we definitely see that every year with the Argal tenders, they promote it more, more people get involved in promoting it, and every year it seems to become a larger and larger spotlight, but it's still a very, very small market. I mean, there's very few people that are allowed to actually go to the tender and bid on these diamonds. You know, you can, we could name them ourselves, but you know, most people wouldn't know it's such a small, clique that's invited, but the exposure to it is growing and that obviously is going to translate into higher and higher prices. So if you have number one, you got to have access to Argal diamond mines. Number two, you want to have access to the best ones you can get, you can get possible. And that's where we come in. You want to know that we buy what we always consider a guild hall diamond, which is always going to be the best that we can possibly get. And that's, that's exactly right, Jeremy, because the reason that we, we love the tender so much and we identify with the tender so much is because the tender represents the very, very best, the best of the best, the creme de la creme. And that is our whole philosophy at guild hall. That's what we live and die by. We buy only the best of the best diamonds. That's the only type of diamond that we will sell at guild hall. So in a way, all of our diamonds, the yellows, blue greens, all of them can be considered like an Argal tender diamond because they are all so incredibly beautiful, the highest saturation of color, the highest clarity, great, you are getting the very best of the best when you come to Guildhall. Start investing in more information as well. The number one, eight, seven, seven, two, one, four, seventeen, eleven and guildhall wealth dot com to start that, Darren. Well, actually, I'm going to just introduce. If you come out to our seminar on this Thursday, September the 19th at the Sheridan Parkway, we will actually have on display that our gold diamond that we had from last year's tender. It's a lot number 49. Is that correct, Nicole? Correct. From last year's tender. It's a point eight, one, intense VS quality. Our gold diamond is the most magnificent stone there is. This stone right now is that we have on the website and Nicole is going to talk about it, but this is the type of stone in 10 years time could easily fetch seven figures. We have it right now on. It's two hundred and seventy five thousand after this tender. We know this price is going to go up an additional 30 to 50 percent on this stone right now because it is such a stone that it will be in demand. It's a beautiful stone. It's an emerald card. Why don't you give us a little bit of information? Sure. Just to recap, it's a point eight, one carrot emerald cut intense argal pink VS to 2012 tender stone winner and appraised at three hundred and fifty thousand. We have it on our website for two hundred and seventy five thousand it is the most striking, gorgeous. It's I think a cherry blossom red pink rather. It's it's just so pigmented. It has a bit of red color in it. It's absolutely breathtaking. I mean this it comes in this beautiful box. It's presented so well. It comes with a certificate. We have a book that shows the actual lot number within the whole tender range from last year and it's really, really extraordinary and we were saying earlier how tender diamonds can go up as much as thirty to fifty percent. This is no exception. We know based on previous tenders that this is going to go up and we're actually going to have it reappraised in October and based on the outcome of the tender, the price is most definitely going to go up. So if you are interested in this diamond in particular, I would urge you to give us a call. Darren, you mentioned about investing in buying these diamonds taken advantage while the prices are so good and they're going to go up so high. Who is buying? Well it's interesting to ask that because I think when we first started this, we were looking at every average investor is potentially being able to own a diamond and that has really trans, transpose itself into entrepreneurs, teachers, blue collar, white collar at first predominantly men. Now we're seeing women increase substantially in terms of their understanding and their interest and in addition to that, a lot of private wealth. We're seeing a lot of changes in the industry, a lot of people flocking away from paper and moving to hard assets and this week is a prime example, no less than two large firms which could potentially be hundreds of clients sought out our expertise to bring them and expose their clients to color diamonds and we're in the stages of working with them and that may end up being a very lucrative way to invest for their clients to get a win-win great situation. So big changes and it's happening very quickly. Also the type of investors we're seeing are people who are getting out of real estate. They've been in real estate for the last five, 10 years. They feel that they've got their returns that they're starting to see a bit of an ebb on that market and they want to get into something where it's a lot less in terms of taking care of your property, you don't have to unplug toilets and deal with do with renters and tenants and things like that so it's a lot easier to simply purchase a diamond. Now it doesn't give income but over the long term we've seen the results. We know they move up consistently. The another buyer that we often see is that people oftentimes women who are looking for the value in just in having wealth to wear buying something that they can wear as jewelry but they get the value they know that that when they're putting that money out that it's not going to disappear if they decide they want to sell it in five, 10 years. 1 8 7 7 2 1 4 17 11 is the number for more information and to start investing and Guildhall wealth.com the seminar by way Thursday, September 19 7 and 9 p.m. It'll be happening at the Sheridan Parkway at Highway 7 and Leslie. You can register online and by calling and do it soon because you want to get in on this. Paul. Yeah, it's important that you come out in the seminar. If you're interested in natural fantasy color diamonds, especially Yagao collection and we're going to talk a little bit more about our diamonds. Nicole's got some beautiful diamonds within a discuss, but Nicole is extremely articulate in the fact that she knows about the stones. She studied these diamonds. She's a graduate, you know, of GIA, which is the Gemology Institute of America. She knows about diamonds. She knows how to grade diamonds. She knows what's to look for. I pick out these diamonds. Nicole is my second in command when it comes to saying is this a buyer? Shall we buy it? Is this something that meets our criteria and then that is very important. You're not dealing with somebody that says, yeah, well, this diamond is on sale. Let's buy it from this dealer. We turn down 80, 90% of the stones that are offered to us. So certain stones have to meet criteria. You have to come out and meet Nicole and listen to her seminar and listen to the way she is enthusiastic about these diamonds. She understands it. She's been in the industry with me for 10 years. And I promise not to get too technical. I won't talk to you about total depth percentage and I won't talk to you about all the little details unless you want to come up to me after and ask me. And then I'd love to talk to you. You could do some pre reading before you go. Then you're halfway up the chain right now. I can just talk to you about everything. You want to get in all the investing one, eight, seven, seven, two, one, four, 17, eleven guildhallwealth.com. Again, a reminder that seminar is happening on the 19th from seven till nine p.m. You got a register for this one shared in Parkway at highway seven and Leslie register online or call that number and sit down for a very informative and could be a very beneficial two hours of your time on the 19th of September. We'll take a short break. Come back. We'll recap golden silver boy and where that's going. Got a few more diamonds to talk about and how you can just make things very much better for yourself with hard assets with Guildhall. This is the real money show. The real money show with Guildhall wealth management. The number to start investing one, eight, seven, seven, two, one, four, 17, eleven and guildhallwealth.com. This Thursday coming up September 19th the seminar from seven till nine p.m. It will be happening at the Sheridan Parkway. That's highway seven and Leslie. You got a register online or by phone and do it soon. Paul, if you're out, you know, you just want to get your feet wet and investing in diamonds. Where's the entry level? Where do I start? Not everybody has got, you know, to get into an argal pink, you're looking at a quarter of a carat round about twenty five to thirty thousand dollars depending on the color, you know, the clarity, whatever. I think the next generation is the yellows. We sell in yellows, basically internally flawless, which is the top of the line stones. You can get in with a fancy is, you know, just over a carat for around about eleven thousand dollars, which is a great starter stone. Since they've been keeping records for the last forty years, natural fancy color diamonds have never dropped in price. They actually go up double in price every four to five years. It's no different to real estate. If you're going to buy a home for a million dollars in a top class area, obviously that home is going to go up a little higher than something that's in rural than a little town where there's not a lot of homes or whatever. So we look at yellows, there's three types of diamonds. There's fancy, there's intense and vivid. That's the color structure. Internally flawless, over a carat, you can't go wrong. Whether you buy a fancy is a one carat for around about eleven thousand. If you buy an intense for around about twenty thousand, which is like double the intensity, and then if you go for a vivid for thirty five thousand, they're all going to go up in value. They're great stones, especially if they're internally flawless. You know, that is my opinion. And I stick to that. This is what's been happening for the last forty years. You can't be results, you know, results don't lie. Ten years ago, you could have bought a one carat fancy vivid from us internally flawless for seventy five hundred. Today, you're looking at thirty five thousand dollars. Thirty years ago, you could have bought a one carat red for thirty thousand dollars. Today, we're looking at, you know, one point eight million, two million, if it's a VS, VS one, VVS one, you could be two and a half million dollars for that stone today. Not everybody can afford a two and a half million dollar stone. Not everybody can afford twenty thirty million, which these stones are fetching at auction. You can get into a type of stone for eleven thousand, fifteen thousand, twenty thousand, a twenty thousand dollar stone in ten years time could easily be worth sixty thousand dollars. And in twenty years time could be easily worth a hundred thousand dollars. The Argile Pinks is another story, blues, vivid, blue greens, green blues. They're going up even higher because there is none around. They're extremely rare. So yellows are the pinks that were twenty thirty years ago. Yellows are available today. Don't go for people pushing champagne. Champagne is brown. Champagne can be called chocolate. Champagne can be called cognac. They are not investment grade diamonds. Yellows, pinks, blues, greens, red, orange, violet. These are the colors you're going to look for, but you are going to pay for this type of investment. If you're looking for a great investment to protect your wealth, to put your kids through score, to retire, whether it's ten, fifteen, twenty years down the road, you are going to get an unbelievable return in my opinion. And this is something that you can take to the bank. Jeremy touched on wealth to wear on the other statement. Would all these diamonds qualify for that for that use? They absolutely would, although a lot of the pinks, if you're getting into an entry level pink are well under half a carrot. So unless you're buying a pair and doing something with it, you might want to look at something good to something more like a yellow. But of course, a lot of people, very few people will make them well to wear. A lot of people just put them away because they are so rare and such quality, you don't necessarily want to take them out, but certainly fancy yellows, intense yellows, you can go up as big as a three carat yellow and have a lot of fun with it and make money. Nicole, something you mentioned in the last segment, which I thought was interesting. You had, you mentioned, I think it was a Phoenix red diamond about two and a half million dollars. Everyone's going to be blown away by this diamond. Yet you at the quality control at Guildhall would not necessarily go for that diamond. Regardless of how big and bright and shiny certain diamonds make the cut certain diamonds don't, right? That's absolutely bang on because we have such a high criteria in at Guildhall that that clarity grade wouldn't wouldn't meet the grade for us. We only take VS in pink, I F and yellows and although it's magnificent, it's beautiful and the color is so rich, we wouldn't entertain that diamond. Do you have any other examples? Well, I have some Argyle diamonds that I wanted to feature today. And just because it's not a tender diamond, it doesn't mean that they're any less valuable for every million carats mined at Argyle, only one polished carrot. We'll go on to tender. So this is so incredibly rare. I mean, the world's production of color diamonds is 0.001% so of all the millions and millions of carats mined. So this is very, very rare. But if you're looking to get into an Argyle pink diamond, which is very valuable, we've got two lovely feature diamonds today. I've got a 0.53 carat intense Argyle pink emerald cut VS too. So it's a high clarity grade. It's a beautiful color. This is what I like to say a watermelon pink. It's really rich. It's really saturated. It's absolutely stunning. It's appraised at 147,500. It's on our website for 103,250 dollars. And you can view the GIA report and you can view the independent appraisal. And the independent appraisal is the replacement value for the diamond. So that's a magnificent choice for an investment. And then we have a 0.24 carat fancy Argyle pink. It's a round brilliant and it's a VVS one. So VVS one is really high clarity grade and to see a round brilliant is very rare, especially when the colors is highly concentrated and it radiates throughout the whole diamond. And I like to call this one a ballerina pink. It's really, really pretty and it's it's it's just got such strength of color, even though it's a fancy. So this is appraised at 60,000. It's on our website for 30,000 and Darren was talking about pricing a little bit earlier and you're not going to see this kind of pricing going forward because what's happening with the tenders dictating the prices, what's happening at auction is dictating prices. And frankly, it's dwindling supply, increasing demand. So prices are just going up and up and up, particularly for VS quality. There's a premium on VS quality. It's one of those situations where again, this is for the savvy investors. So, you know, while the Argyle diamonds aren't flying off the shelves, they keep getting picked up and it keeps getting more difficult to replace them and whoever gets them has something very special. So it's very important that you try to get in knowing that all it takes is looking a little bit further back and we can tell you what these diamonds were going for several years back, no problem. And but you'll see that you want to get your hands on it now before the next person buys it and you're locked out of the market. I was on the phone this morning to two of my suppliers trying to locate some algal pinks of, you know, round about a quarter of a carrot, three, you know, 0.3s, 0.4s, those 0.4, 0.4 10s of a carrot and nothing was available. Nothing is out there. I was offered SI1, which is you can see the inclusions with a naked eye. SI2 is even worse and I want it even worse than that. They're out there even though they come from the algal mine, they're based on color, they're not based on clarity. And we have a criteria that we have to meet because when we sell the diamond, somewhere down the road, we're going to get that diamond back. Why would I try to sell something twice over that is inferior? You know, it's a tough enough job to sell it the first time round to sell it the second time round would be even worse. So it makes sense only to buy the best and sell the best. Therefore, we don't have any problem. We are looking forward to five and 10 and 15 years down the road because there's going to be a limited supply of algal pinks and our clients that have purchased algal pinks from us. We can go back to those clients and say to them, would you be ready to sell your diamond? We would go to them rather than them come to us. They'll become our source of diamonds because as diamonds are becoming harder and harder to procure, our clients will become our resource. Nicole, we were discussing a report that you send out to your clients vis-a-vis Argyle diamonds. Can you still get that? Absolutely. You can still get it. You can just send an email to investing@guildhallwealth.com. That's investing@guildhallwealth.com. Or you can call us and John, you'll give out the number. It's pretty long, but it's got all the information that you're going to need, especially if you're going to become a color diamond investor. That number, one, eight, seven, seven, two, one, four, 17, eleven and guildhallwealth.com. A quick reminder before you get back to Darren that the seminar is having a Thursday, the 19th, seven till nine p.m. Sharon Parkway. That's the hotel to highway seven and Leslie and Markham register online or by calling and do it soon so you can get your place registered. Well, you know what I love about color diamonds from an investment standpoint and an analysis standpoint, the proof is in the pudding and I'll read you a quote from this report and everybody should have this report on Argyle diamonds. It's world renowned. Nicole made this. We talked about it in the office and doing this and you're not going to find this at any other firm. Argyle pink diamonds sold at tender have outperformed major equity indices over the past decade and are worth up to 50 times the price of a comparable white diamond. When I hear that, it's like music to my ears. It's exactly what I want to bring to our potential investors, the education that they require in order to make the right decision. You should not listen to the headlines. You should delve in to the behind the scenes, what's happening, what's fundamentally going on. And that's why you'll understand gold and silver make smart investments. Now, if you look week over week, we've had a small retracement in both gold and silver, both down and this profit taking, it's built in this news from Syria. There's not potentially going to be any war effort on the behalf of the U.S. So the risk on investments kind of drop down a little bit. Again, we're not sure what the feds are going to do, whether they're going to taper the QE. And even if they do, I'm telling you long term doesn't make a difference there in a whole heap of trouble and they're not coming out of it. Economically, the technical indicators we need to see that will bring us out of this are not there. And I'll tell you one more little tidbit of news. When you look at big mining companies, the biggest in the world, when they start to forward hedge product, that means they sell it ahead of time before it comes out of the mine. That is usually an indication. They believe long term the price of that commodity may drop. One of the major suppliers of silver, Pan American silver, they decided to three weeks ago start forward hedging their silver, maybe an indication. They thought the prices were going to drop. They three weeks later, almost to the day, decided to end that and close it out. That is a sign they believe that the price is going higher in metals. Now build that into everything we've talked about in this show. And this is the perfect opportunity for a new investor or somebody to add hard assets to the portfolio. We're recording this show actually Friday afternoon silver dropped this morning to a price of 2150. As we're recording the show right now, silver is trading with 20 to 30. That's up 80 cents from where it came off. It's just profit taking. Last week, I told you Q trim every time. There's a G20 or G7 G8 meeting. The market comes off Syria, you know, that was already built into the market. I'm telling you next week, in my opinion, these markets are going to move quickly. Well, I don't understand why why why Syria is even being attached to gold. It gold didn't hit above 1300 and silver didn't hit above 24 dollars. But it went there but way before Syria and well, the U.S. intervention was going to be in there. So I'm not quite sure the correlation on that. But certainly it could it's starting to look like a reverse head fake at this point. Bottom line, you're not going to learn much watching the price go up and down. You got to know the fundamentals because the fundamentals are showing much, much higher prices in the in the mid to long term way you can learn quite a bit even more than you get every week on the show is by heading to the seminar with Guildhall Wealth that is happening on the 19th from 7 to 9 p.m. Sharon Parkway at Highway 7 and Leslie and Mark and register online or by calling 1 8 7 2 1 4 17 11 Guildhall wealth.com is the website. You can email questions in advance and join the fellows. You guys are all really good looking boys. It's going to be a good and well, you got to stand behind the side Nicole, which is going to be one other thing to add. If you're watching the business news product, you know, shows, you know, if they're selling apples, they're not going to tell you anything about oranges. So if they're in the stock market, they're not going to tell you anything about gold and silver and diamonds. Just remember that's why we have you guys here. Thank you.