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welcome to this week's real money show this is jerry carrion i'm joined by nick the taligan and you're joining us here at guildhall wealth the website guildhall wealth dot com the phone number one eight seven seven eight silver and you have now tune in to the show that is by canadians but for global citizens who want to know everything about the gold and silver market how to get in and remember it's all about the physical it's all about if you can't hold it you don't own it there's a lot of stuff going on in the in the markets and i wanted to first and foremost just welcome nick battalion to the showed nick this is your first time on the show he's been with us for about is it to the two years three years just over two years just over two years uh... he came in from the vault we actually stolen from the vault he was working at brinks and he did such a great job understood the inner workings of the physical and market on and how the vaults work right nick and uh... spent two three years now what are your thoughts about the metal markets i mean it's it's crazy definitely not something i thought i would get into but i mean here we are and even even when i first started i i got in the market but so that about seventeen eighteen dollars now that's right well done so and i'm i'm nothing but smiles here and we've seen that with with a lot of clients he says making a lot of money yeah that's that's sure that nick he specializes in the first home savings accounts i got that correct that the first home savings account to probably talk about that a little bit later as well as the r_e_s_p_ plans nick is the go-to for setting up accounts for your kids because this is all about if you can't hold it you don't own it you want the physical precious metals to safeguard and protect your portfolio protect your wealth and it's not a just of just about a day trade right it's about planning for generational wealth builders and who better to build for then our kids but there's a lot of news in the market we want to talk about in the precious metal space and uh... the week that was so far it's just been an amazing week com sorry to our listeners we didn't have the show on friday jeremy's been uh... battling a cold he lost his voice and just like silver which is you know you know back and forth rolling with the punches and we're now broke broke through and we're now seeing twelve-year highs in silver the week what that was a which is a stellar market as we close the week last week uh... we're closing in on talking about the largest buyer in silver i mean a lot of other companies talk about big buyers you know you always often hear about maybe and elan must getting into a crypto or some type of huge whale buyer but guess who's buying silver russia an entire country is getting involved in buying the asset that is so finite and small and so important it's beyond precious you need silver and almost anything and everything for and as we advance technologically the more and more silver you just need so russia major buying adding silver to their portfolio as their reserves as we head into this week uh... the week of the twenty twenty first uh... the bricks the bricks meeting begins yeah i mean i was full disclosure i was away last week uh... up in up in the great north of ukhan you're mining right you're mining for gold not exactly but uh... i i was away last week and wasn't really on my phone paying attention to to what was going on and uh... i did book an order for for one of my clients when gold was around twenty six seventy and then the next day i checked in is shot up wait over twenty seven hundred and same with silver thirty dollar thirty one dollar silver now thirty three thirty four it's it's it's crazy exactly so looking at gold the week that was we started the week last week gold was about as you mentioned twenty six forty up eighty five dollars for that week hitting smashing through all-time highs again now gaining mainstream attention writers in all the major banks are jumping on board gold up three percent of the week and we're now hovering around the twenty seven thirty mark can we break twenty eight will see there's a lot of news coming up on the week we'll talk about the bricks a little bit and then silver the week that was last week on the fourteenth silver came in at starting at thirty one dollars thirty one and change up eight point two percent up two dollars and sixty cents in one week smashing through breaking twelve-year highs and we're sitting at about uh... thirty three dollars and seventy five cents roughly u_s_ so far on the year in kennedy and dollars silver up forty five percent in kennedy and dollars thirty eight percent and four silver in kennedy and dollars and and sorry gold and gold up thirty eight percent in kennedy and dollars so you're mentioning you know nick your clients who you purchased precious metals of the last two to three years they're all doing very well aren't they yeah i don't i think the only the only clients that i have that are in the positive someone said i would have just done last week or two weeks ago everybody else like your you see in green which is great yeah and the only cost to to get in would be the cost to buy the physical we were talking we're talking about you know this is the physical if you can't hold it you don't own it and you're in you know central banks were looking at big buyers russia they're coming in the market not buying certificates they're not buying the e_t_f_s it's a big message to us it's a big message to our listeners as we tried on the grill money show is talk about the real money and what is real money arrist otto had the put together the five characteristics of what money is it has to be portable it has to be durable recognizable scarce and divisible and as we talk about physical that's the one cost you have to overcome because when you're buying gold you're looking at buying it about a hundred dollars u_s_ over spot and maybe around three dollars to three three to four five dollars over spot in silver uh... most of it comes from the fabrication you're talking about a video you saw from pamp yeah it's amazing videos yeah i saw an instagram uh... last week actually when i was away uh... video of pamp uh... over in Switzerland they were making fabricating their their one ounce uh... gold for tuna bars man it's a process but it's really cool i'll uh... i'll try to throw it out i'll try to find it on youtube and throw it on news on it but it's you really see the cost that goes into making the actual physical product certainly certainly is and you know it it's it's it's something that you know we have to overcome as a firm as we're looking at premiums premium is this thing that you we have to guildhall has to go to the market go to the wholesalism by physical and we can't buy a spot we can't buy that paper price that you see on the news on c_p_ twenty four if you catch news or on bnn wherever you get your silver spot prices and gold spot prices if you want that spot price you gotta go to the bank and ask for a certificate no one wants a certificate no one wants an i_o_u_ where is the trust you by the physical and for guildhall the two factors that go into that premium for guildhall the first one fabrication the mining as you did in the ucon the melting the minting fabricating full disclosure i didn't actually go by the full gold in the u_k_a_ it would have been cool put that up a little bit more no but you know this is where some of the gold for the rcm comes from so the big uh... ucon gold gold russian gold strike some great gold product coming out from the ucon fabricating it turning into a finished product which is what you realize okay you're paying a little bit more for a coin because the artwork that goes in and it's cheaper to buy larger products if you're looking at investing in making money in the market you want to try to get as big as possible to lower your premiums lower your costs but if you are one of those clients we have many of them who are really preparing for you know the worst case scenarios in the doomsday scenario the mad max scenario then you want to get the smaller items you're willing to pay a little extra just to get that the divisibility that and i mean if you're buying smaller products it gives you the opportunity cost average that that's another one call one a crawl walk right crawl walk one we've we've we've often advocated that type of approach in the metals market but as we're heading into you know the the the the home stretch here in precious metals because this is just the beginning and we're to talk about why this is the opportunity of a lifetime if you feel that you've you know if you have missed the boat in precious metals this is that's not the time there's many more reasons first topside potential in the market versus any downside potential uh... and just going back to the physical besides the fabrication the other would be supply and demand and right now the supply is dwindling in silver the premiums are starting to take up once again and this is because of supply and demand factors and then a retail premium we would add our small fair premium on top of uh... on top of our costs people as well how does guild hall make your money how do you make your money will you add a premium whether you want to call the commission a premium or retail fee guess what it's a commission call a spade a spade another some dealers out there that say they don't charge commission well guess what they just rephrased the terminology nik your thoughts on that yeah i mean uh... two weeks ago i did a little did a little research uh... i called i called around uh... to to some other places just to see kind of what the process is and and how they they do things in uh... you know some jerry mentioned about uh... commission or don't charge commission whatnot everybody does charge something right whether they tell you or they don't right the differences is will will tell you like will will be transparent will tell you what that is exactly it's the same as going to wal-mart you know you buy you buy oranges three dollars a pound do you think wal-mart bar oranges for three dollars a pound right they just don't tell you what they paid right in you just you just can't yeah well we we believe on transparency and we were full disclosure when it comes to that we always show you the rates what is the currency rates what is the u_s_ rates because we believe you know if you're coming to gold and silver there is a loss of trust somewhere you know there's uncertainty somewhere and if we're not being full disclosure and transparent this is just what we've learned over the past twenty years you know we're not a fly-by-night firm all we do is precious metals and natural fancy colored diamonds hard assets is all we do we're inch-wide mild the part assets and you're coming to the professionals who know first and foremost we're not here to put a number on you you're not a number you're more than just a number you're a person with a story a family that you're looking to protect and we want to build that trust so we're going to show you all of our fees and we've done this over the last twenty years guild halls provided in market knowledge support along the way and nick you have supported us tremendously over the last two three years we are very thankful for your service but it the best is yet to come not just for yourselves and your kids in the market who are you know and you're continuing to open up how many accounts do you open up a week give me your own fire lately it's been it's been a lot more referrals or have been a big one which is which is good so if you you know anybody that might uh might be interested definitely have them give us a call right now it's really popular even just this morning I mean my first day back after being away and um wait before the show I I opened up to two first home savings accounts and then and then another one tomorrow and it's I don't know what happened the week that I was gone but coming back to to these accounts it's it's great yeah helping people know that buying a home is a reality yeah I'm in that same boat I I haven't bought a home yet I'm on the youngest side of things and my wife and I we've been trying but it's been next to impossible but with this account that the government introduced it's it's one way it's a key it gives a light yeah absolutely of a light and the fact that you could hold metals and it is even better and that silver lining getting that silver in your portfolio in the first home savings account is the way to go we're going to talk about that opportunity after the break and you're listening to the real money show on am 640 Toronto the number one eight seven seven eight silver and the website guildhallwealth.com we'll be right back welcome back to the real money show the website guildhallwealth.com and the phone number one eight seven seven eight silver we are here you're specialists to get into the physical precious metal space guildhall we've been offering the most efficient and direct roots into the physical precious metal space so that you can protect your wealth entirely outside of a failing without a failing digital banking systems and failing fiat currencies and as we look forward to this week there's a lot of news to keep track of we have the brick summit that just began or it's beginning tomorrow and that's happening in Russia um have you heard about the brick snake on yes I know I know what the bricks are yeah and what they plan on doing but there's talk of this new currency yeah getting that correct you got that right so over the last I would say a lot of the last five ten years central banks around the world in countries such as well Brazil Russia India China and South Africa's an acronym so bricks it's made up of those countries and they're loading up on gold as a result of they had to do with the sanctions that were laid upon on Russia so it's supposed to be this world's currency the US dollar and the US swift system where you can transact and you can send money along the swift system to various countries to pay your creditors but they were kicked off of the swift system and I think Putin was commenting last week and that it was a currency that we can all use but not Russia Russia was kicked off so as a result many other countries had to pivot away from this system and because it could happen to anyone it could happen to India it could happen to China it could happen to South Africa which is why they have banned together so they're loading up on gold because there's a lot of uncertainty and volatility on this geopolitical and macro economic front which has accelerated the trend of de-dollarization to preserve the nation's purchasing power of the reserves so they have seen the time as we are the time to now convert away from paper US dollars and treasuries and start to denominate their wealth into their own currency so this is very refreshing as opposed to a one-world currency this we don't want that we're honoring each other's currencies and they're also using gold in the system so a lot of news about that because I don't know if you saw while you were away Nick but there was there was um some a release of of a bricks pay so bricks pay was actually released they introduced it through a visa card or like a prepaid card a master card of some sort it says bricks pay on it which then had a QR code so you would scan that QR code loaded up on your phone download the app and then you you're now able to load your own currencies and potentially transact i don't i don't know the inner workings but someone posted a picture of the bricks pay app and you can scroll and see all these multi the multi-currancy system as well as gold at the bottom of of these options you could use your you know indian rupee if you wanted or chinese won rem nimbi you can also use gold as a payment so gold is being reintroduced as currency because it is money and I just thought that was so amazing and we can only imagine what they're going to be talking about what russia is going to be talking about and why they're also including silver in the reserves at this bricks meeting so the brick summit begins uh on tuesday october 22nd wednesday and it concludes on thursday so it's a lot to look forward to and to really impact that but yeah the the unit currency is is that one and um and a lot of people have some questions about that yeah so one i guess one question i have why why underlie unit basket contains 40 percent gold what is it what does that what does that mean so the if you go on to the um there's a unit ecosystem paper that you can get public so if you're looking at the the currency you want to know what the unit which is their currency what is what it is all about you will read that it's actually containing a basket of 40 percent of its weighting in gold and you can go through that paper and on page 11 it talks about why this unit basket contains 40 percent gold and it writes the gold ecosystem serves primarily the function of of the natural constraint on the emission of unit tokens and the anchor of intrinsic value and the intrinsic value has found which is the common denominator of trust is gold our research indicates that 40 percent of the gold is the optimal proportion to anchor the value of the underlying unit basket and to make unit eligible for mass adoption at the initial stage increasing the share of gold above 40 would likely lead the unit price to being dominated dominated by the price of gold a scenario that would make the unit less useful in fulfilling key functions of money so they're using the backing of gold but also giving the flexibility of other currencies and what this paper basically shows us is the intrinsic value of gold and why going back to the definition of money and why we talk about this on the real money show is that gold is money silver is money it is it's also been used as currency a medium of exchange but it's it has intrinsic value that goes beyond human existence this is always something that has been and will always be there to back up a currency when you have the ability to be recognizable around the world beyond creeds religions language everyone understands what gold and silver are you know going looking at various weddings you can go to a polish wedding or an indian wedding or a china gold is a very is a staple and almost any every culture and i think when you know what Voltaire talks about the paper money in the systems paper money eventually returns to its intrinsic value of zero you know and if you look at the purchasing power of the u.s. dollar in the Canadian dollar over the last hundred years you know Canadians are struggling right we're seeing things going through the roof in terms of its price and how do we navigate and these are the things that we talk about our client with our clients when you when you pick at the phone or if we you know you get a call will be some of the reasons why someone like from a personal reason is looking at gold like a central bank is looking for gold they want to become their own central bank what are the some of the things that you've experienced recently uh safety uh today actually um today i was talking to to somebody who who wants to get involved in and why not they got a large inheritance from somebody that unfortunately passed and they received that he went to go take it out for the bank and they said no the bank said no you you can't touch this we we have to hold on to it for five days and he's like well what are you talking about right and so the first thing i told him is like well i can't guarantee where gold is going to go you know i can't guarantee in five years where it's going to go i don't have a crystal ball but what i can tell you is that it's safe yeah it can't be taken away from you it can't go to zero and it's it's physical product right so unlike the banks where your your money can just be gold is zero overnight bank holiday whatever they call it right gold gold is safe so i think that's uh i think right now that i'm kind of focusing on is is the safety of it yeah as much as we you're gonna talk about the opportunity and precious metals and why this is going to continue and to be a life-changing experience for everyone in the market whether you have a few ounces in the market or or thousands of ounces of silver in the market this is going to be life-changing um but first and foremost it comes down to physical gold as wealth insurance nobody today especially without tight things are are looking to roll the dice with their wealth and and start gambling their money away especially with an inheritance this is something that was you know your your ancestors worked hard for inherited as well and to to throw the dice and want to gamble that away you know people are still very responsible with their money you want to do you you don't you don't want insurance after the hurricane you want it before right exactly and what what what is so special about physical gold i'm going to talk about some of the insurance factors well for the first thing it has a millennial record as a store of value it's the most widely recognized and universally accepted valuable in the entire world and silver as well i want to throw that in there always accepted and readily liquid at transparent prices virtually in any market around the world in any market condition around the world across all the world's financial centers without exception around the clock think about that New York London Zurich Dubai Hong Kong Singapore Sydney this market is trading all the time it's never closed you talk about blackout periods we won't have that ice nine Jim Ricker talks about respected author lawyer talks about this scenario where if you hold shares in a company and everyone wants to dump the shares at the same time guess what happens at the bank they shut the circuit they they short the circuit breaker and you can't get out of that stock you can hold the best stock in the world i don't care what it is but when you want to sell and that's what it comes down to and that's why central banks around the world care for gold for two reasons liquidity and independence from all of the financial madness and financial madness is what we're seeing today because of the fractional reserve banking system that we have this is global the fractional reserve reserve banking system is in my opinion the the moral hazard you know when you deposit your money in the bank you may think that your money is safely stashed away in the bank's vault ready for you to access at any time however this reality is far from the case due to this practice known as fractional reserve banking what it is it's based on an interesting premise called fractional reserve banking a banking system in which only a fraction of the bank's deposits are backed by actual cash on hand and are available for withdrawal it used to be about 10 percent you you deposit a hundred dollars they would hold back 10 percent and loan out or invest or do something within 90 percent well that 10 percent has dwindled down to some say fractions of the of a percent or even zero i think the situation in the u.s is actually zero and people know about this and people see through the banking system and even the insurance coverage the FDIC coverage CDIC coverage there's not enough in those coffers to cover all of us at the same time i would understand if it was a you know if there's some fraud that hit your account or maybe your trust account or corporate accounts or few corporate accounts but not everyone at the same time there was a big issue with the with the insurance and when the trust issue happens what happens is what people are doing today they're rolling out of their banks and they're putting into physical precious metals outside of the banking system the way the central banks do it the Fort Knox and West Point these are two depositories not a bank the u.s treasury does not use banks thank you very much and when we're seeing right now major bank closures in the first nine months of this year u.s banks close a total of 754 bank branch locations significantly impacting access to banking services for many customers bank of america let all those closures now we're we're talking about um you know it was buffet who has been dumping bank of america shares i wonder why well they shut down 132 locations during that period other major banks also contributed significantly to the total and these are not just small regional banks as we used to discuss these are major banks we're talking about u.s bank 101 branches closed wells Fargo 92 branches closed JP Morgan which is down a percent today 90 branches closed TD bank you know 52 branches closed to TD the green bank was involved in some some horrible news the other day with money laundering apparently um i'm not going to get into that but people see this and want and don't want anything to do with that type of exposure so you just see we were quick thought on on some of that and regarding safety before we go to break yeah i mean bags bags fill the needs of you know paying your bills and and everything like that getting your paychecks but holding holding it in there you never know you never know what's going to happen yeah like your nest egg yeah you never know what's what's going to happen i mean i tried to convince my my 80 84-year-old grandpa to he sold his house last year i told i tried everything i could to get him out of it but he's just stuck on no thanks for your friend thanks for your friend they have your best interest and and they don't right at the end of the day it's it's they're going to cover themselves first before before anything else right and and so um having gold having silver in your portfolio acts as that that nest egg acts as that safety and that insurance and you can't really ask for anything better than something physical 100 percent now we're seeing unrealized losses by us banks seven times higher than the 2018 financial crisis and the chart looks just off off the charts um but the excitement you know gloom and doom aside the excitement is in precious metals there's a lot of top-side potential we're going to talk about it about that and this opportunity after the break but you're tuned into the real money show on am 640 toronto the website guildhall wealth dot com and the phone number give us a call one eight seven seven eight silver and we're here to help welcome back to the real money show on am 640 toronto you're tuned in my name is jerry caria i'm alongside nick battalion here to help you get into the physical precious metal space whether it be for taking home starting in the vault outside of the banking system um direct ownership fully insured accounts segregated allocated entitled to your name or if you have an rsp or tfsa or a lira or a lift these are registered accounts that we also help with if you're an american we also handle ira accounts and a lot of exciting things happening um we will help you along the way we want to meet with you coffee is always on and we want to find out what it is you know why are you looking at precious metals for the first time are you looking for wealth insurance or did you hear that the precious metals markets on fire you want to jump on board because i think we talked about that last week is people normally buy when the market is rising never at the bottom it's it's it's a tough thing to actually you know try to pick the bottom in these lows in the market especially when you have another underlying currency because us being in canada we use the the almighty looney uh which is coming off some fourteen month lows versus the u_s dollar and it's probably to get worse nick cuz uh on wednesday the bank of canada is ready to do a jumbo cut have you heard of that one a jumbo cut along the way because apparently they they killed inflation nick they they succeeded and there's no more inflation well it's it's below their target set to go yeah ride the rocket you know ride the rocket you're gonna ride this looney down into the depths of where this thing goes because if a jumbo cut happens if they go in at 50 or maybe a 75 basis point slash we're gonna see the looney right now it's hovering at 1.3738 you know it's it's lost about 400 basis points of the last two two weeks really rapid drops um but we could probably see this thing going to the one forties real quick and they have a series of rate cuts to do but you know as Reuters wrote today inflation is not dead it's just sleeping or it's a slumber they used to talk about it being transitory but they're describing and trying to lull this market lull us to sleep using these terms in terminology but inflation cannot go away when you're cutting interest rates interest rates is all you had you know in 2020 for covid relief they printed four times the size of our economy here in can and we have a small economy as is you know we're the where the the g7 i think we don't produce as much anymore um the gdp's just fallen off the rails and which is why they're justified they're justifying this huge jumbo cut now because they not only killed inflation but um but the economy is just getting worse so be mindful of the loonies that you're in maybe convert into us dollars or there's some strategies that will employ but um you know looking forward we still have you know uh the the bank of canada and then the brick summit this week and then some us inflation numbers and new home sales but you know we're just really reacting to all of the shenanigans that is being done in the banking system from the bank of canada you know they they printed all this currency very very rapidly unleashed forty or high inflation not just in the us but here in canada as well and we're scratching our heads well where has inflation come from what we got to blame the immigrants now because well that policy came in after the the mountains of money printing right and you know where this is going to lead this is all about converting out of fiat paper currencies that they're just printing and they're financing who knows what they're financing you know the the federal government here in canada was involved in a slush fund that money went missing did you hear about that one before you left nick no not not quite but uh so the liberal government here in canada had a a fund that was going toward you're going towards climate change initiatives and apparently four hundred million was lost and not to mention the losses with this slush fund that went somewhere well Trudeau probably knows and and their friends alike knows where the money goes well but guess where that money came from nick me exactly you me all of us all of us and and not only that the bank of canada which is supposed to be the responsible financial you know stewards for our wealth here in canada they lost two billion dollars as well so how do they bail themselves out continually they will just continually print on the back of our kids and our kids kids and we pay for that later nothing's free oh thanks free it will continually continually be paid and and guaranteed by us canadians we are we have always been this is exactly what the fraction of reserve banking system is all about you need to be in that bank you need to be in that banking system so they can continue to print a little bit more and when you try to take your money oh you can't take out more than three grand we need that money for what else the w5h who what where when why with your own money and not only that we look to the to the us which is the world's reserve currencies leaders where we look at the federal reserve where the fed is now notching a historic record of 204 billion in cumulative operating losses that's losing over one billion dollars a week for more than two years this is it if our central banks which is responsible for our currency was just like a publicly traded company that you could buy on the market and if they had been bleeding operating losses of more than a billion dollars a week for more than two years there would definitely be a change of leadership at the top wouldn't there be but fed fed chair Powell and and TIFF Macklem here at the bank of Canada they have their jobs and what is their job tighten that inflation noose or loosen loosen the policy bring out the helicopter money and say goodbye to your savings and if you're parking your wealth right now because there is there there is uncertainty despite what we're seeing on the stock markets because the stock markets are defined you know they're anticipating helicopter money so the stock markets love that they love the bubble money so but it doesn't last you know after usually after rate cuts happen the recessions happen shortly thereafter so this is it if you have been on a defensive and you went to a cash position well guess what's happening to your cash your cash is not this a good store of value it has never been it's lost over 94 percent of its purchasing power since the bank of Canada began the loony has lost actually 96 percent of its value since 1915 and that's the case of all paper currencies no other currency it is backed by gold and this is why paper money is just simply losing buying power purchasing power our hard-earned dollars are dwindling as a result of this of this cronyism you know they're going to continue to print and what is the escaped valve Nick what would be the escape out of this situation gold and silver if you're going to if you're going to store cash onto your bed why not store silver maples or gold maples something that will grow and beat inflation exactly and with guildhall you could buy direct you could purchase gold and silver to take home or even at the website guildhallpreciousmetals.com i want you to check out that website that website's working fantastic the alerts are are working now so if you're trying to buy the dip get into us dollars and buy that dip we take us we take bitcoin we take canadian dollars and secure your wealth outside of a digital banking system that they can freeze that they can hack anything digital i mean how many passwords do we have right now Nick we have a thing of about eight passwords i can't remember them all just to do our job yeah there's about eight or ten points to work yeah it's exactly and owning it away from a failing currency system and you want to do it with guildhall the professionals over 20 years plus in the business we're your professionals for rsps physical precious metals rsps and we will walk you through that process before you know it you'll have the gold and the silver in your rsps positioned and primed for some toplet potential which we're going to get into at the end of the break you're listening to the real money show on am 640 welcome back to the real money show the show that is geared towards precious metals investing for canadians and global citizens alike we are pleased to have you once again joining us the website guildhall wealth dot com and the phone number one eight seven seven eight silver nick it's been a thunderous show we're in for a thunderous rally continuing rally and precious metals and a lot of people are thinking can this continue to go what are your thoughts on that yes i mean it definitely can continue to go i mean we're we're at an opportunity right now where generational wealth can be made or missed and you have to make that choice on on which route you want to take and you're absolutely right um i think we we over the course of the last week and a half we've been doing some housekeeping here and some people that sold metals a long time ago are still in sitting in cash cash is not what you want to be in right now cash is not going to grow your wealth cash is going to be eroded the purchasing power of that cash you'll just need more and more year over year that's the wet that is the effect of inflation when they expand the money supply and when that that's what all they have done right now there is a one hundred trillion dollar debt bomb in the world it's a that's the global debt the u_s_ just crossed thirty five trillion dollars in debt and we have a situation at hand here we have a sick we have gold and silver cycles that are that are happening right before our eyes and if you're sitting here on your hands now is the time to get off of your of your butt and get into the market give us a call and and get some silver and gold in your portfolio there's two things happening right now with all that debt you can't just cancel it away or forgive the debt as what what body want to do for student debt you can't do that it needs to be refinance and you do that through a gold or silver revaluation a gold revaluation account is on the balance sheet right now of the Dutch central bank you could look that up they are ready to revalue the gold price that's number one number two we have gold and silver cycles and these are the two must no gold and silver cycles making this the opportunity of a lifetime because right now in the face of today's global financial challenges we are also seeing significant opportunities please take notes on this particularly in precious metals which are both right now in two exciting cycles quick overview the first one the us rate cut cycle we are currently in our us rate cut cycle bank of Canada is ready to cut the only central bank that's not cutting is the bank of japan that's coming up in october 31st but historically silver has surged an average of 413 percent four times your wealth during the last three federal reserve rate cutting cycles as you could see in this chart pattern below it's a very strong part chart which goes back to the year to the year 2000 and what this chart signifies is a percent of promising outlook for silver but then gold we are in the midst of a third super cycle for gold which began in 2016 when prices of gold hit a low of one thousand fifty dollars per ounce and in the past two super cycles were from 1970 to 1980 10 years to 2000 to 2010 another 10 years gold prices increased by an average of 1400 percent over approximately 10 years now according to gym records respected economists we talked about earlier if this 1400 percent gain is applied to gold's low of one thousand fifty that we saw in 2015 we could potentially see the prices reach around 15 000 us dollars per ounce by 2026 why are you waiting why are we waiting for this market get get into the gold market or the silver if the silver to gold ratio where it's reverts back to 31 and this ratio goes back all the way to 3200 BC it's a time-tested ratio if we go back to a 30 to 1 ratio and that's it this would place silver at approximately 500 us dollars now a staggering potential gain of 2000 percent 20 times your money do you have 100 grand in your portfolio 20 times that two million dollars this is where this market can do this is what it could do for your family i was talking about an opportunity of a lifetime and if this is not the opportunity of lifetime i don't know what is please give us a call share some interesting facts if you know another opportunity we're open to it if it's in crypto please share but we want to help you in the precious metal space nick it was amazing having you on the show thank you so much for all that you've done on the show and for the accounts that you've opened up right future ahead of you for sure and to all the listeners thank you again for tuning into the real money show visit us guildhallwell.com or give us a call 1-877-8-Silver you've been listening to the real money show on am 640 Toronto the preceding was a paid commercial program unless otherwise identified the guests on the program or employees of or otherwise represent the advertiser the opinions expressed there are those of the advertiser and do not 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