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The Real Money Show
Gold On The Verge Of Revaluation!
Welcome to the real money show the number one eight seven seven eight silver in the website guildhall wealth calm Much to the chakrin of all of the staff at guildhall. I got my voice back guys. It's back. I got it back So back Jeremy Now we can rant away Jerry rant away While you're listening to the show if you want to learn about holding physical gold and physical silver directly Go to guildhall precious metals calm and pick up some metals there prices are great Quick service get your physical precious metals right from the the sitting on the couch or in the car You can book an order if you want to learn about holding physical gold and silver in your registered account I'll just remind everyone that gold is up over 600% in the last 20 years and we are just getting started You'll hear some crazy numbers, but you're going to understand the rationalizations of why gold could go crazy high from here Yes, we've seen some good moves, but this is only just getting started and silver has a lot of catch-up to do So you want to improve your outlook for your retirement portfolio? Consider having some gold and silver and learning more about this market to do that go to guildhall wealth calm And of course call us direct at one eight seven seven eight silver. That's one eight seven seven eight silver My name is Jeremy Wiseman. I'm joined by Jerry Cariah Jerry this has been another crazy week in the market. We have so much to talk about We don't even really know where to start. Why don't we start with the pullback that we saw the joke of a pullback? We saw in the gold market. Yeah, let's get into that We all want to know what happened silver pullback from we touched 35 us now We're down and around the 33 level. We did hit a low earlier this week of 33 15 and gold held support at my Fibonacci support level of 27 16 which I tweeted about earlier this week heavy support level there, but Definitely, we're seeing a reversal in the in this in this in this market and the uptrend continues The silver to gold ratio is back to 81 to one. It's a great time to buy silver This is your time to take advantage because the Looney it's continuing its descent Looking to hit 1.1 39 50 soon, which was the August 5th low and it's trending lower Jeremy Jerry, let's talk a little bit about the ratio. We had two posts that we put out on X about the ratio one was how the ratio I think through history this post you guys got to go check check us out on on X it shows where the gold to silver ratio has been throughout history and it it goes by a hundred year periods and what we have right now is Absolutely out of control distortion on what the ratio is and then I reposted it again Someone put up another version of it. Yeah a refined version of the clown the clown world that we're into Yeah, so Jerry, you've got it pulled up. Yeah, what's the you know, tell us some of the just give us a couple ages throughout the throughout the history and Where the ratio was just to demonstrate highlight underline what a clown show? We are living in and what an opportunity of a historic lifetime We might have here in silver. That's why we bring it up because this is a time-tested centuries old ratio that we use to Understand that this is the buying opportunity. This is the opportunity of a lifetime Golden silver ratio goes throughout history all the way back to 3200 B.C. One through a one to three ratio You need three ounces of silver to get one ounce of gold up to 40 B.C. Where it's when Caesar was raining To want 1,280 in England was 11 to 1 the average Jeremy going back centuries have been as it was around one one to 12 12 to one ratio So I need 12 ounces of silver to get one ounce of gold and today we're at about 81 to 1 and this is ridiculous This is a total clown show knowing how Important how crucial how vital silver is you cannot have civilization without silver. How can we be out of 81 to 1? Okay. Now I'm just gonna try to be calm and say why the number is so Absolutely 100% ridiculous now I wouldn't put my life savings based on a ratio But just understand that in 1980 when silver went to $50 There was eight billion ounces of silver above ground there was 350 million people on the planet something like that today We have less than 2 billion ounces above ground 350 million people and the technologies using silver are coming fast and furious and That's not even talking about future Technologies and that's not even talking about that we don't use it as part of our currency day-to-day And that the investing public according to Rick rule who is a much smarter person than me I'm not that smart at all. Like he this guy is brilliant I mean this guy's been in the market and much richer than everybody and he says the investing public is half of 1% Yeah, it's like alcohol diamonds. Yeah half of 1% so That is a clown show in terms of the the ratio of gold to silver But Jerry just want to get back to the pullback in gold because what did it take for them to push the price of gold down and Do they actually have the physical gold to get that gold down? Well, the market was definitely driven by paper trading on Wednesday. That's when the when the Market started the downtrend when the reversal happened a few technical sell signals were generated that Wednesday the silver market traded 62 million paper ounces that day The comics had eight deliveries and the LBM a had 1,800 deliveries This is this was a smash down during the brick summit. This was obviously by design over last last week And Nick and I had that interview did the show last week And we talked about the the banks and the losses and the unrealized losses of the banks are going the banks are under pressure There's a huge amount of derivatives and short selling that the banks are doing and they had to cover okay How many ounces did they have to use to short? 462 million paper or 162 million and Now look look we know that the regulators and the banks the the people who work at the banks Just so everybody understands this the people who work at the banks go and work for the regulators Right, that's the usual you get JP Morgan guys who did their time at JP Morgan go work at the regulators. It's it's like it's What was that what was that movie? With Leonardo DiCaprio the departed. Yeah, it's like the departed They go and put their own guys into the regulators and they just say how many how many ounces of gold do you have? I don't know. We've got 400 million ounces to push the market down. Okay in what vault that actually actually I don't care you guys have that amount of ounces great to hear You're talking about shorting a physical market with NFTs. Yep They might as well be NFTs it it's meta. It doesn't exist Welcome to the world you live in yeah more clown show, but they cannot stop the marching forward of this market They didn't stop the bricks the market bounced back Jerry you're you're itching to tell me to shut up and say something No, this doesn't make any sense with with shorting you create 62 million ounces this the short positions that these banks represent nearly 708 million ounces of silver equivalent to almost the entire years of global Production coming out from mines and mining companies that are struggling right now Despite strong industrial demand the technological advances that we're seeing from electric vehicles military aerospace You name it as we advance we need more silver it is crucial, but this uptrend continues Despite the smashdown despite their little escape strategy the uptrend continues to defy despite we're seeing higher rates Higher yield and some context from forex.com today The yields in the dollar have been on a tear over the past 10 days days yet Despite this golden silver have been increasingly correlated with these variables despite being their traditional nemesis that Technical cell signal was triggered on Wednesday. However, the momentum and metals quickly reversed that alert and further from forex.com they find Remark they they find remarkable how gold and silver have performed in this environment of higher rates and higher USD But it also suggests something other than rates and FX fluctuations that are driving precious metals the safe haven appeal the higher expected inflation You know Paul Tudor Jones ballooning fiscal deficit circumventing Russian sanctions all of these things happening You know Russia just was was potentially There was a potential threat of more sanctions on the palladium market. So palladium spiked about 10% the other day This is continuing the geopolitical unrest and the geopolitical uncertainties will continue so forex.com the mainstream is catching a tent paying attention This is beyond technical and charts. This is fundamental stuff happening and it all leads to gold and it all leads to this meeting That happened at the summit this week. Yeah, and we'll get into the summit this week I also want to get into Revaluation in the physical gold market the number is one eight seven seven eight silver and the website is guildhall wealth calm With guildhall we have this vehicle for registered accounts Where what you have what you will get as a client is outright owned physical gold and silver? You own it directly stored in an allocated Segregated account. You're going to get the serial numbers of your product inventory reports and it's going to be held in a vault facility fully secure fully insured backed by Lloyd's of London a Vault facility outside the banking system, but still within your registered account. You know some people are worried about the great taking and Will they steal all my goods? Dada-da when you have actual physical gold that needs an actual Tank and someone physically to try to take it from you is much much different than stealing the paper 40% of your income you give to the government 13% you give to the government Inflation is stealing another 15% I mean the government would have you believe we're on target at 2% But you go grocery shopping You you've got insurance you're paying You've got kids Activities that you're paying for you know prices are way out and the Bank of Canada Just did their 50-point jumbo cut which only weakens our currency Paul calls that another inflationary tax so the theft has already occurred and is continuing to occur and as Greenspan once said ironically the only thing to protect you against inflation is actual physical gold So if you're gonna own it own it own it own the real thing Know that you can go to the vault and personally hold it in your hand if you can't hold it You don't own it. We're gonna show you how to do that. Just use the number one eight seven seven eight silver the website killed Hall wealth calm Stay with us. There's so much more to come on the real money show on 640 Toronto Welcome back to the real money show the number one eight seven seven eight silver the website killed hall wealth calm That's to get physical gold and silver in your possession in your registered account like an RSP TF A say maybe you're looking to try to afford a home and as you know What one thing I would like to suggest is is to help people understand Jerry that? It's not about where the price of gold goes Gold is not a price gold is a measuring tool It's measured in ounces How many ounces should it take to buy a home in? Canada how many ounces of gold should it take to buy the Dow Jones index? How many ounces of gold should it take to buy a barrel of oil? You know what you're barrel of oil Ways by the way, it's over 500 pounds for 80 bucks you know what I'm saying like an ounce of gold and a hundred ounce bar of silver weighs six and a half pounds, okay and That thing costs you 30 Thirty eight hundred bucks or something like that US US so you know when people complain sometimes about oh, it's a lot to store You could you could try storing oil in your garage Try to do that when it went negative. It's about it's about a measuring tool. It's being worth your weight and salt it's about understanding that There's 35 trillion dollars in debt and in 1980 the debt in the US was one trillion and gold Revalued itself not the government. It revalued itself to eight hundred and fifty dollars an ounce. That's eight hundred and fifty To one trillion dollars in debt So it's about a measuring tool. So when we're talking about numbers It's more about what those numbers represent in terms of how many ounces of gold to buy this How many ounces of gold to buy that so when we're talking about the gold silver ratio It's well How many ounces of silver should it take to buy an ounce of gold and to have 80 ounces to buy an ounce of gold Is absolutely clown world type of numbers and we know that those numbers are gonna are gonna revise themselves down 2011 we got to 35 to 1 1980 we got to 1 to 1 There are those who think it could go the other way like pigs we're or Mike Maloney. He's a smart guy He thinks it's gonna go the other way Who knows who knows if we got to 35 to 1 believe me you're looking at triple-digit silver. Mm-hmm. So let's talk about So I just wanted to say it's about a measuring tool. It's measurement and Everyone can do this so let's talk about revaluing again the number 1 8 7 7 8 silver the website guildhallwell.com to get Some physical in your portfolio Revaluing okay, let's take you back to 1971 and let's say that Nixon owes France a Million dollars that they borrowed for the Vietnam War. Mm-hmm. Okay gold is currently trading at $35 an ounce and it is convertible So if you owe France a million dollars, they have the choice I'll take a million bucks or I'll take gold at $35 an ounce That's 28,500 ounces of gold. That's Virtually a ton right 32,000 ounces. Yep. That's virtually a ton of gold that they would owe them Because it's convertible. Yes now Nixon decided for whatever reason gun to his head. Maybe he got a kickback. Who knows? I'm I'm gonna cut the gold standard. I'm gonna give control to the central banks They get carte blanche on printing the money. It's our dollar, but it's your problem. You no longer get to convert Okay I'm gonna take this from two angles Remember I I am Nixon. I owe France a million dollars if I gave up the gold I got to send them 28,000 ounces Hmm now gold went to 850 by the end of the decade land then came back down and landed at 350 If I take a million dollars and I divide it by a revalued gold from 35 to 350 Guess how many ounces I would owe France how many? 2857 ounces Easy to do easy much but cherry. There's not enough gold for a gold standard. You can't have a gold standard There's not enough gold in the world. That's the mainstream argument against the gold standard Well, I'll tell you what why don't we revalue it to 350 and I owe you 2800 instead of 28,000 voila solution. Okay now Yep, France can't convert so they take the million dollars in cash and they buy the gold at 35 dollars an ounce. How about that? They buy themselves 28,571 ounce very smart and guess what the price of gold went to 850 But let's assume they didn't sell it at the top. Let's assume they sold it when it fell back to 350 dollars an ounce Guess how much money they have in their coffers at the end of the decade. What's that? 10 million dollars, buddy No problem there So you don't think the central banks are as smart as Charles de Gaulle and understand the math on this It's the same scenario. How do you how do you pay off 35 trillion dollars in debt? How do you pay off a hundred trillion dollars in unfunded liability other than valuing gold up I don't know Play with the numbers. Yeah, exactly. Do I care? No? I don't care because my clients are gonna make a ton of money on that revaluing the central banks are all buying it getting ready They're reorganizing those deck chairs. Yep before the music stops So what does Andy Shekman say you jump in on this? I get I want to hear your thoughts Well the topic of the revaluation is just swirling and I think that topic began in 2000 and I believe it was 19 18 when all of a sudden in the guy in the in the nighttime the bank of international settlements Reclassified gold to become clear one tier one capital and at that point all of the gold pundits were saw what was going on including Andy Shekman He was interviewed this week. He's obviously the president of owner of a miles Franklin precious metals He stated that given the u.s. Gold hold holding which has not been on it in a very long time Already totals about 8,000 tons by means of balancing assets and liabilities with the new price of gold gold may have to be Revalued to as high as one hundred and fifty thousand dollars an ounce greatly improving the balance sheet of the u.s He also warned that this Revaluation reset would also have the effect of destabilizing key aspects of the u.s. Economy and Nick and could usher in simultaneous collapses over In over leveraged banks. Could that happen? We do know that derivatives are all over these banks So we didn't we didn't talk about we talked about debts, you know hundreds of trillions of global debt You know 50 trillion dollars in u.s. Death soon and plus quadrillions of toxic derivatives on the bank banks will go under And that's what we're seeing this huge trend of banks going under over the last nine months so far in 2024 You know big name banks. We're not just talking about regional banks. This is a major concern and How do we do this? Oh, we need a new structure a new change of Exchange and the exchanges are being are being made right now Jeremy the the BRICS summit just concluded and Russia just unveiled a plan to create a bricks precious metals exchange for the BRICS member crump countries I'd let it allegedly to alter the current world gold and silver and other precious metals pricing mechanisms It's all about the price mechanism Jeremy the announcement comes on the back of BRICS leaders declaring support for increased exchange of the metals between the member countries this week, you know, this is this is what we saw last week when One of the mining giants of silver Mexico decided to to nationalize one of its lithium mines moving in that direction This is leading towards creating the exchange not for Not not to compliment the comics in any way or the CME who's involved with the paper trading and the rigging of of these prices No, they want to unleash the gold and silver prices from this suppression because it's unjust these are the countries I'm talking about the East China Russia Mexico even They're involved in the mining of these very precious metals New York and London where we get this comm x smash downs Every almost every week and at 8 30 in the morning these are two Two headquarters that do not mine one ounce of silver or gold They don't have enough silver and gold to back up this supply. So there needs to be a change and that's what we're seeing It's a very exciting development that came out of this this meeting. We all wanted to know what they were going to talk about I'm sure Russia talked a little bit about or a lot about their silver reserve strategy employment employing silver as a part of a country's reserves I mean we could talk about, you know, huge buying of a potentials a particular stock And then we can all we know that we allow buffet. That's buying for example, maybe some Tesla shares Okay, that's one person and a major corporation buying a stock to bid it up But this is Russia an entire country getting into a very very small finite amount of silver This is silver squeeze a continuation and this silver squeeze headline is going around the world and the short squeeze is confirmed and That's that's the exciting news Jeremy about this bricks and so I want to talk about Jim Rickards But for a bit but before I do need to give us a call one eight seven seven eight silver the website guildhall precious metals Dot-com to order some silver maples. They're going on sale very soon But talking about Jim Rickards lawyer investment backer banker very smart guys been X CIA X CIA as well He's been long on gold bullish on gold for a very very long time He previously forecasted that gold would reach $15,000 an ounce now he's raising that prediction to an even more optimistic figure He says his latest forecast is that gold may actually exceed 27,000 and he provides the math on this Implying that this is a non deflationary price of gold under a new gold standard He explained that in a system in which dollars are freely exchangeable for gold at a fixed price if that price of gold is too High it would lead to investors selling freely conversely if the price is too low investors will line up to redeem He highlighted that the US M1 money supply is 17 trillion and assume that maintaining confidence of the US dollar would require a 40% gold backing He argued that this percentage was the legal requirement for the US Federal Reserve from 1913 to 1946 He then calculated that by applying 40% the 40% ratio to the 17 trillion dollar money supply Would require the US to hold 7.2 trillion dollars worth of gold. I don't think we have that According to the world I did the math on that actually if we went to something like I'm surprised I got the math right here. Oh nice. It was like if gold goes to something like 27,000 Oh, I guess that matches this is it. I was doing the math on the last segment. Yeah while you were talking Yeah, 20 if you go to 27,000 it comes out to like 7.5 trillion or something. Yeah, that's right So according to the world gold count the US has 8,000 tons of gold reserves or 261 million troy ounces that leads records to the final step of his calculation applying that 7.2 trillion dollar valuation of of gold Yield a gold price of twenty seven thousand five hundred thirty three dollars per ounce He wrote a price tag of twenty seven thousand for one ounce of gold would imply a staggering upside of more than 1,000 relative to where the precious mill says today, okay, but we have like a minute left But how much did gold go up in the 70s? in the 70s gold went up approximately fourteen hundred percent so You know in Canadian dollars were up like 600 in the last 20 years to see another thousand percent were not far off those numbers From the 70s exactly that's why we usually refer to the silver to gold ratio because it's it's time tested It's trust in we don't we don't have to rely on ticker and minute-to-minute charts These are 50 year charts as records uses and the silver to gold ratio goes back centuries And it doesn't in that case look it doesn't matter if you actually own it or not If the dollar has power if the dollar is valuable All of the citizens are going to have the advantage of that powerful dollar So, you know if this isn't for you, that's okay. According to according to um rick rule It's not for 99.5 percent of the population So it's okay if you know if you can look at this and say ah these guys are full of it Every week they tell me it's going up and it doesn't and it's like well actually you know stealthily it has yeah Silver up about 40 43 on the years so far Gold's up 32 and climbing but it's a it's it's an insurance policy You know, I asked a client today. I said what's your outlook? He said I don't know four or five years or whatnot and I said so Do you foresee a time where you just won't have car insurance? Right and basically he said no, I always I'm going to need that exactly You're always going to need some physical gold and silver in your portfolio Now the the amount you have might change You might have 40 50 60 percent right now You might eventually sell off two thirds or three quarters and bring it all the way back down to 15 But you'll probably always want to keep that asset And there's a difference between owning assets and making investments Which have counterparty risk Once you're once you've made a lot of money, you can try to keep making more than you do your investments But for most of us gerry You know, it's return of our capital 100 percent, you know, we put money into an rsp We got a beat inflation Right, we got to beat the income taxation when we exit And if we want if we really win we can overcome the withholding tax But we want to see what that translates to by the way is about 140 percent Over a decade or two decades. Yeah Depending on how long it doesn't matter because you have to overcome the 30 percent the 40 percent income tax and you and then whatever the inflation rate is that's if income tax stays at 40 percent Oh, yeah, we could talk about that. So yeah, that would be a good one so The point is is that gold and silver have already done it but All they've really done up to this point Is actually keep up with the lack of with the losing purchasing power of the dollar But it hasn't caught up to the revaluation of of where they're at when they're at their peak purchasing power. Very true So you haven't missed anything. It's been great to see these first initial moves This is like gold going from 35 to 100 bucks between 1971 and 1973 right true right It's still got to go to 850 so you haven't missed anything and we'll talk more about those ratios and We'd like to teach people what to look for and what indicators to look for In terms of how to understand when it is a good time to consider lightening up in the market beyond personal reasons and anything like that To get some physical gold and silver in your portfolio. Give us a call. We'll show you how to do it We'd love to help you open an account help you with transfers help you to get into the market We're very service oriented here at guildhall to hold precious metals in your registered account You give us a call at 1-8-7-7-8 silver the website guildhall wealth calm more to come on the real money show on 640 toronto Welcome back to the real money show the number 1-8-7-7-8 silver the website guildhall wealth calm Jerry I want to get to one of our absolute favorites jim rogers I did read his book hot commodities and learned a lot from it Must have been like 10 years ago and a lot about different cycles But first I just want to quickly throw out some headlines here that you passed to me during the break Silver set for a major rally james turk predicts 50 plus price in days or weeks I have to say james turk is a very smart guy and wouldn't put his neck out like that unless he Really knew something was going on. Paul Tudor Jones. We mentioned at the top of the show Billionaire investor He is betting long on gold and bitcoin as inflation shields I am f cut growth outlook flags rising that a glow that there's global economic risks We have The as the election looms treasury hedging costs climb Lots of stuff going on in the treasury market. We've got uh Drucken miller Right he's been shorting us treasuries shorting us treasuries geopolitical risk propel gold to unprecedented peaks Of course, it's not just one reason that pushes the price of gold, but that's a one headline out there um Let's see oil markets navigate choppy waters as global conflicts uh Of waters of global conflicts and geopolitical change. That's a huge one. This one's a good one gold bull run expected to extend into 2025 jerry, what do you make of that and uh talk to us? These are the trends jeremy We just got to keep following them and the trend is our fin as long as you have headlines that support the fundamentals These foundations that we talk about daily here at uh here at guild hall and weekly on the real money show the foundations The very pillars of why we do is doll doll dollar devaluation inflation sublime demand And geopolitical risks Everything is culminating at the same time for pistons rising and driving and de-dollarization is happening Just after the brick summit the us being left out of the summit responds the us state department vadon patel came out they wheeled him out And he's warning the us that the us cannot allow an alternative to the swift system in the us dollar They're contrasting jeremy they're moving towards one direction and the us has to catch up We have to follow these trends and we try to follow them and provide this information As smoothly and quickly as possible to you the listener Yeah, the bricks basically came out and said look we're here. We're going to keep working at this We believe that there should be an alternative to the dollar. We want to balanced and fair trade Um, you know, that was essentially what they came up with this and we're going to keep working towards this Uh, we don't necessarily want to replace the swift system But we need to have an alternative to the us dollar Hence the us comes out and says look we're going to compete against these guys And I think they're going to come to a deal where it fair is fair across the world If everyone wants to to grow and be prosperous talk to us about uh, about uh, Jim rogers Stocks are too frothy for Jim rogers so over the last two a few months a lot of euphoria There's market euphoria at a very high level bubbles are about to burst and it's to getting too Frothy and complacency jeremy the household allocation to stocks right now Is at the highest since the dot com bubble and that bubble looks like it's going to be bursting It's too much stock euphoria says jim rogers jim rogers rogers the legendary investor Best-selling author and co-founder of quantum fun. He joined anthony scuramucci from wealthy on this this week There was a great interview highly recommended and the the summary of the interview was the market euphoria according to 60 year vet jim rogers that the mark stock market euphoria is going to end And that he's applying lessons from his 60 years of investing As as we're on the back of global markets. They're nearing all-time highs. He's he's basically saying that human behavior it's driving bubbles and why now maybe the time to protect his Protect wealth and to consider precious metals can and he's providing advice to younger investors. Don't get lulled to sleep Don't be complacent. The market looks great, but you know just wanted to talk about the the rate cuts Nick mijuli from ritz hole wealth management. We the us is on a rate cut cycle normally The stock market holds up after a rate cut site. Sure. That's what that's what we're seeing But according to his analysis and the performance of the smp5 one year after the cut cycle From 1994 to 2020 found that the stock market started to implode from that point on start to decrease 10 to 15 percent on average and that goes back for you know going decades So uh things don't look too too wise to be in the market right now in the stock market uh Michael all of us said that if they're dropping rates in the United States is because there's massive problems underneath the surface Which means they're trying to drop rates and you can guarantee they're also going to start the printing presses up So dropping rates and printing money printing currency Is a dead giveaway for more inflation? So it is a good time to be thinking about protecting and having some insurance the number One eight seven seven eight silver the website guildhall wealth calm. This is like watching a tv watching a movie on tv The the more you get closer to the end. There's more and more commercials Stay with us the best parts coming up next on the money show on 640 toronto Welcome back to the real money show the number one eight seven seven eight silver the website killed hall wealth calm If for whatever reason, you know, you you've missed a show You can always catch us on youtube. We're also up on rumble Follow us on x I'm always trying to put out some repost some good things that are going on But definitely check us out on youtube and rumble and feel free to subscribe there If you want to hold some physical gold and silver in your portfolio You give us a call at one eight seven seven eight silver and we'll walk you through it We'll do all the heavy lifting will show you how to get involved And even if it's just to understand the details Maybe you want to you know find out more about what it might look like to change a portion of the portfolio Jerry so much going on in the market in precious metals in the world is really looking In my mind to re monetize and i'm very excited about the future I don't know if people are negative about the future, but I think that when you see the bricks looking to back Occurrency with gold because they want fair trade amongst each other And that's forcing the us to eventually probably do the same Yeah, there's even mention this week about getting rid of income tax all together Which you know look there was no income tax in 1913 it all happened because of the fed Right The fed had to implement income tax because they were lending money to the united states Treasury and the treasury owed them back interest So I don't care about all this talk about the fact that the fed gives them You know Interest at the end of the year, which they don't by the way now They're just the bank of canada because they're both broke. They're not making money Which who do you think pays for that deficit you you? Exactly Jeremy. I think what we're seeing right now is definitely a re monetization of the of the system It's a very exciting time, you know what what i'm excited about is Just truth, you know enough of the lies enough of the shenanigans the wool pulling the wool over our eyes None of that, you know you're manipulating the market through these paper ounces short, you know being shorted uh, you know just what personally Gets under my skin is just you know concluding the the third quarter for 2024 some so interesting information from shadow status As john Williams always puts out in his quarterly the 2025 social security payment increased only 2.5 Based on the headline consume cpi the consumer price index It would have been and it should have been actually 10.5 people should have been getting more money people who are relying on government assistance But why don't they I mean the stock market's been going so well Haven't these pension funds been making a crapload of money like if the stock market is up as much as they are telling us it is And and jim rogers is telling us that it's in a bubble Then why aren't the pensions paying out why the pensions aren't making money? How come the half the people we speak to are transferring money over to us are saying i've been in the market for 10 years Yeah, i'm not making anything exactly They're not keeping up and then they complain about the storage fee of 1% When they're paying out 2 and a half plus to management fees and they're making nothing Well until you until you put together the precious metals report you see how much they're up versus The the small storage fee that you're actually outlay which is you know comparable or actually a lot less than many Mugeo fund amiars, but anyways, I digress on that You know he just talks about the gold and silver prices Our trending where they should be we'll be trending much higher according to john Williams Um a lot of exciting there's only about 10 What within 15 days of the election which is going to be very positive for precious metals either way Um, even in draining of a petroleum reserves that has never been Replenish since just to keep the inflation down for the mid-term elections They drain the petroleum reserves just to keep inflation down all of the manipulation is coming to an endger I mean that's what excites me and I would also like to just remember and and kind of Enjoy the moment that gold is up over $700 this year And silver is up. I think a year ago. It was trading at $22 last october um markets markets woken up and it's running and you have people like jim tark j or james tark talking about $50 potentially within a year you're seeing massive numbers coming out from andi shekman and Uh jim rickards and they're not the only one. I was listening to rick rule. I mentioned him earlier He likes to say I own gold because i'm scared it will go to $9 000 now Yeah, what does the world look like that? You know, uh, so it's a really good time for precious metals You haven't missed anything when you start to look at the value of it against the debt against the currencies And if you want to hold some in the market the number is 1-8-7-7-8 silver the website guildhallwealth.com jerry 30 seconds final comments Just got to bring back the mother of of all probable cup and handles this formation Is a 45-year chart showing the blast off that's about to happen in precious metals And uh, and our good friend granny from sweden Commodities tna cycles for silver. He says the big biggest breakout level Using the early time frame is about 32 dollars 31 dollar support One of the most significant breakouts in histories is now in the making it is happening right now So it begins do not miss this from ratty from sweden and we echo that sentiment Very much so and we want to encourage you to get in touch go to the website guildhall precious metals.com or give us a call Want to talk to you 1-8-7-7-8 silver Check us out guildhallwealth.com absolutely get some physical gold in your portfolio and ride ride the bull baby ride the bull Thank you to all our listeners this week. It was great to be back great to talk to you We can't wait to speak to you next week here on the real money show on 640 toronto The preceding was a paid commercial program unless otherwise identified the guests on the programmer employees of or otherwise represent the advertiser The opinions expressed therein are those of the advertiser and do not necessarily reflect the views and policies of chorus entertainment
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