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The Real Money Show
Who Will Win The Election? GOLD!
Welcome to the Real Money Show, the number 1-8-7-7-8 Silver, the website guildhallwealth.com. My name is Jeremy Wiseman. I'm joined by Jerry Correa and what happened this week? We had gold rise. I think we hit another record-breaking number on gold. That's getting exhausting, buddy. It's just the winning is exhausting. Silver, we had a pullback in silver. This week on the show, look, we're headed right into the US election. So let's talk about outcomes, what it could mean to the gold market going forward, the silver market going forward, and we'll have that discussion in the upcoming segments. But first, let's talk about this silver slam. Jerry, we put out a post on X just saying, you know, they've raised margin requirements last week on the futures contracts. They raised requirements again this week, I believe. And they threw something like 450 million, give or take, paper ounces of silver at the market to try to get the price down. Having been in this market a long time, you kind of sit there and you say, okay, desperate times call for desperate measures. What is going on? What are they so scared of that the price rise from here? Well, as we reported last week on the show, this was from Yahoo Finance, the five major US banks were facing billion dollars and losses in their short sell positions in silver. So they're losing money, they need to get out of these short, which is a bet that the silver price is going to drop and they saw the prices hit 35. So we started the week off. Silver at was around $33.70, we hit a high of 35 actually, and we're now sitting at the support level of $32.50. And so you're saying the panic is, we have a lot of shorts, and if this thing breaks over 35, we're in major, major trouble, we have to, we got to get out of these shorts. Is that what it is? Definitely one of the trends that we're following that, yep, we're seeing huge losses, not just on these regional banks, but these are major banks that we're talking about now. And on top of payments that these, some of these banks are involved in for, for a lot of fraud and money laundering, some of these banks are in the red Germany. So this is major stuff, but we're also heading into elections. So a lot of traders are going into lighting the positions. So a lot of less volume. So with less volume, you see a lot more exacerbated moves on silver, specifically on the downside. But yeah, we're seeing this trend of the CME and the comics in hyperactive panic mode for the banks. And as you mentioned at the top of the show, the CME hiked margins on gold by 4.5% and silver by 4% on futures contracts. So basically what they're doing is they're making it more expensive to hold these contracts. And if you held a contract, you now have to fork up more money to meet these requirements. So in essence, what happens if you don't have the liquidity or enough capital to stand by these requirements, you got to sell these positions off. So we're seeing a lot of selling on the downside on silver. And then on top of that, you got the the comics trading over 400 million ounces of silver paper ounces mind you on Thursday. So the comics, they're obviously, they're feeling the silver squeeze, the banks are feeling the silver squeeze. We are in charge of the silver squeeze because every single ounce that you take out of these markets, they're filling the their their their squeeze is strangling their their issue which is, you know, a lot of fraud in these banks. So let's talk about what these short positions are up against. We know, especially our listeners know, we mentioned a week or a couple weeks ago, Russia is now buying silver as part of their reserves. We know that India continues to buy. So we have central bank buying silver. What else are they up against? Tell us about central bank buying of silver. Tell us what these shorts are up against and is it possible for them to win? Can they get out of these short positions? What we're leading to here is how short lived or what kind of danger is the market really in right now? There is no danger for the the silver holders or the silver market, people who are involved in the silver market as the silver Institute noted last week that they're expecting a deficit of 215 million ounces, which is the second largest shortfall in more than two decades. And Matt Watson, he's a founder and president of precious metals commodity management. He basically said that the outlook for growth in electronics and even the Jerusalem Post talked about in the military demand, it's phenomenal. This element, the do it all metal on the periodic table. He they see no fundamental downside to silver, but tremendous demand now coming in from huge buyers, India importing, we're seeing metals move from the west to east. And for the fact that Russia is now adding silver to become part of the reserves, their monetary reserves, this is only only going to vote very well for the future of silver. The number one eight seven seven eight silver, the website guildhallwealth.com. I think there was also talk at the bricks meeting about having their own exchanges. Is that right? Yeah. They Russia will create their precious metals exchange according to the Russian finance ministry to become the key regulator of prices. Now this is a disruptor, Jeremy. This is now, you know, coming at the crosshairs of the Bank of International Settlements that saw this as a huge issue. The State Department of the U.S. in response to the brick meeting came out and said, we can't have this. We can have this challenge, the U.S. dollar and the swift system dominance. And that's, this is what the U.S. is up against. And in my opinion, the USA, they may beat the bricks of the punch with regards to the move towards a gold standard. Yeah, the bricks are moving towards gold, backing their unit with 40% backing, but creating an exchange now. I think overall, this is highlighting the very important facet of pricing. You know, if you have a price in Asia and Russia that is much higher than what we have here in the comics in North America, we have a big problem, but we have a huge opportunity for people to do arbitrage and have product being purchased in North America only to have it imported, exported into Asia and exported into Russia for higher, for higher payment. I'm of two minds when I see pullbacks, you know, on the one hand, you love to see the price continue higher and higher and higher, unabated. It's wonderful for our clients and of course our own holdings. On the other hand, you do like to see it take a breather for whatever reason it is and we're talking about those right now, because you do want to see as many people get involved as possible. And you know, people when they're getting into the market for the first time, they're always price conscious. So when you can get these sorts of pullbacks, it really gives them what they were looking for in the first place, you know, we can we can only cut what we can cut right based on the current spot price. But when the market does the work for you, it's really an opportunity for the for people who are looking for bargains to get into the market. Now speaking of bargains, you know, you've got these comics people, whatever it is, okay, you know, we don't really know exactly why they're doing what they're doing. Although clearly, if you're short in the market and you're trapped, that's a problem. But if your answer to that is, well, we're just going to dump the market lower against them against these people who want to buy it, you seem to be doing a disservice to yourself and you're doing a service to those who want to acquire it. So they're they're trying to get the price down in the face of supply deficits, huge demand for military, huge demand for central banks and a re monetization of gold into the system. Yeah. I mean, you really are a trifecta there, Jeremy, you're really trying to really push that button. Yeah. And also look, the 50 day moving average is 3143. The 100 day is 3061. The 200 day is around 2883. So I think you would be really hard pressed to get this market down very low. And just speaking of downsides in the market, because, you know, we can only we can only flog this dead horse is really just an opportunity, but there's always that you always run the risk to pushing the paper price below the reality world price, right? How much does it cost to mine? How much does it cost to buy it from a refiner? How much did you buy it from from a wholesaler? These prices are not 18 bucks. These prices aren't $24. The cost to buy it from Royal Canadian Mint is ever rising. So is the wholesale prices. And even with lower premiums, those real world costs. Don't just go away if the paper price goes down. So hey, throw 400 million paper ounces and what is and also what's the amount of paper to physical? It's over 400 to one. So when that breaks, you could just imagine where the prices are going. So very quickly. We've got two minutes. Goldman Sachs revised where they're going with gold. They see it moving to what 3000 now? Yeah. They revise their forecast for gold probably within a month. I don't even know when was the last time, but they initially had it at 2900, then they up to 33,000. But we know historically these entities are usually very conservative. They are revising upward, so they're in the same boat as us. They're with the winners, but they're going to be tempering as they normally do their forecast for gold. And they cite the things that we are citing right now. Obviously, election is coming up next week. geopolitical shocks. The federal risk from Federal Reserve is even on their rise in trade tensions, debt fears. So all of these uncertainties only continue to support the ownership of real tangible gold and physical silver. Now, here's the thing. We've been in an 80 to one ratio, you know, 80, 83, 84, it $3,000 an ounce at 80 to one ratio pulls, pulls kicking and screaming will pull silver to 3750. And that must be very scary for these banks because once you get over that $35 line, where's the stops? What's the ceiling? So you know that this is going to get dragged higher no matter what, that as gold continues its March higher, it just looks better and better for silver. Why would I buy gold when I could get silver at such cheap prices? And that's just going to push the market higher and higher. So we're in such strong position that we're so excited about the markets. And for all of these reasons, you know, the banking system, fragility, supply demand on the markets, which we're going to get into. And even more with the upcoming election, what does it look like? What would happen to the market with which candidate winning? We're going to talk about that in the next segment. If you want to own physical precious metals in your portfolio, you give us a call at 1-877-8-Silver, the website guildhallwealth.com, hold physical. Holding your hand, go to the vault, personally audit your holdings. Physical gold held in your possession within the registered account, not in your possession at home, but that you own it in the vault that's outside the banking system. It doesn't get better than that. You're completely getting rid of counterparty risk. Call us. We'll show you how to do it. The number 1-877-8-Silver, the website guildhallwealth.com. Or to come on the Real Money Show in 640, Toronto. Welcome back to the Real Money Show, the number 1-877-8-Silver and the website guildhallwealth.com. If you want to buy some physical precious metals, Guildhall only deals in what's called LBMA approved product, London Bullion Market Association. And you might ask yourself, what does that mean? Gold is gold, silver, silver. But there's 66 gold refiners on the LBMA Good Delivery Bar list. That would include Royal Canadian Mint, Volcanbi, Pamp-Swiss. And what you're getting when you're buying LBMA approved product is you're getting access to liquidity. If it's non-LBMA approved product, it might be cheaper to buy. But you're not necessarily going to get the liquidity when it comes time to sell. Not everybody wants to buy back product that is not universally recognizable. So it's important to try to stick with LBMA approved product. If you go to our website guildhallpreciousmetals.com, you'll see that all of the product is. Now there's sometimes exceptions like 10-ounce silver bars. Sometimes they're so hard to get in such high demand that you can't help it. You've got to go with what's actually available. But usually we've never had a non-LBMA approved gold product. Or even 100-ounce silver bars, it's never been non-LBMA approved. I would say the only time that we've known the rule when to break it was 10-ounce bars. Sometimes rounds, people like the buffaloes, which aren't LBMA approved. We don't sell the buffaloes, but if you can get them, that's great. So the idea here is what we do at Guildhall is we educate people. We help them understand. We don't just say here, buy whatever, buy, see you. Let me tell you a little bit about how to do this properly so that down the road, you can make a lot of money. Again, for example, we have depository. We help clients to store physical product. A lot of the times, clients want to take that home and that's fantastic. You can save a bit of money by self-storing the product. But what about your exit strategy? When the time comes, you want to pick up the phone and sell. You might want to consider, at some point, deciding, hey, I should put some of this into the vault so that when the time comes, I can pick up the phone, get a price just as I did when I bought it and sell it right then and there. Get the funds sent to me right away. I don't have to worry about driving an hour and a half so that I can get my price. I don't have to stop my life. What if I'm in Mexico? What if I'm in Costa Rica? What if I'm in Paris enjoying whatever? You want to be able to pick up the phone and be able to sell. And so as this market progresses, it's definitely worth considering storing physical product. And even TFSA's, if you're starting to see the gains as we are really seeing gains in the gold and silver market, maybe you're holding on to physical gold and silver and you think, man, it would be great if I could have that in the TFSA. Contact us. We'll show you how to get that into the TFSA, how to own actual physical gold and silver in your TFSA so that when gold goes to $3,000 plus, as Goldman Sachs and trust me, they're going to continue to revise. And silver goes to triple digits, which if you look at the numbers, do your own due diligence. We're not your advisor. Speak to those you trust. When you look at the numbers and we're not the only analysts in the market, there's lots of analysts calling for triple digit silver. You've got Jim Rickards calling for $20,000 gold. Sometimes it feels like Lala talk, but look, you look at the numbers, you could see gold going massively higher. That's going to pull silver up with it. And do you really want to worry about 40% capital gains? We don't report, but you're on the owner system to do that. Speak to your tax lawyer, your accountant about those things. But in a TFSA, you just don't have to worry about it. You just pick up the phone, sell your product, get your cash and profits are all yours, right? And tax free, that's the whole point. So give us a call. We'll show you how to work on that. Jerry, what do you want to do for next? You want to talk about the election? You want to talk about Judy Shelton? Yeah, we can get into the election. I just want to actually comment about the whole LBMA accreditation. I think that's a very important facet when we talk about your exit strategy, and that's why people give us a call at 1-877-8-Silver and the website guildhallwell.com to discuss your strategies. You're now holding metal, and it's very important to not be just a number. You want to have a relationship with us. We want a relationship with you because we want to discuss, who are you? What is your scenario? What are you really focused on? Because you're buying gold in silver, you're holding gold in silver because there is some uncertainty somewhere. You could be worried about the taxation. You could be worried about the over-digitization of our assets. You want to get out of this risky digital banking system that is now zero reserve banking. You don't even have to hold reserves in the bank in order to give any loans anymore. There are so many risks with banks. As we're talking about banking risks, you name it. Why add a compromise? If gold in silver, since gold in silver, are your wealth insurance because they are liquid, number one, they're fully liquid, and then secondly, they are fully decoupled from a crazy financial system with fiat currencies that can be printed at Wellam. You want to ensure that you have LBMA product because your experience is what is most important. Your liquidity is what's most important. Just by going with a little bit of cheaper product, by buying, let's say, calling out sunshine mint, you're holding sunshine mint because it's $20 cheaper on the 10-ounce bar, while you're adding a layer of uncertainty for your insurance policy. Would you do that for your life insurance? Your car insurance? No, you're going to get full coverage. You're not going to compromise. You're going to pay the best to get the best, and we want you to give us a call. Give us the best gold in silver RSP specialists in the market to find out how you can hold precious metals physically in an RSP, in a TFSA, in your layer, and we'll discuss strategies, whether it be the silver to gold ratio, a silver to dow ratio, and what to do at these certain times. Do you want to sell or maybe unlock some of the liquidity without having to sell? There are many, many options that we want to help you with and show you and guide you along the way, but it's a very exciting time as we head into the election. We're heading into probably the most exciting time because the volumes are lightening up. It's creating a really good buying opportunity in the silver market, especially. Look, just a couple of weeks ago, when we look at the silver to gold ratio, we were down at 78 to one Jeremy, so you need 78 ounces of silver to get one ounce of gold. Silver was on fire, touching 38, 34, 50, 30, getting close to 34, 80, 35, and then we're back to 84 to one, just in a matter of a few days. All the while, the Canadian dollar is losing value, probably going to do another jumbo cut for you Canadians in December, it's just getting worse and worse. This is the opportunity to look at silver and get in. This is a good time to get really aggressive in the market. I should have sent this to you, so I was watching this thing on Instagram. It was a race and it was a GTI. The GTI was on fire against these pourshes and stuff, but you could see it was just- A Volkswagen GTI is nice. It was just like the suspension was crazy, it was shaking, but it was winning. It was just passing cards, and it was just going through, going a little bit over off the road a little bit, and that's silver. It's a little off the rails, but it's winning. It's one of those things. It's a little volatile, it's a little crazy. It's not gold that has this amazing suspension, but I should have sent it to you and said, "Here's the silver market racing to another high." That's so good. That's a perfect analogy. That's what it is. Just like your voice, you're just rolling with the punches, you lost your voice one week. You got it back and you lost your voice again. Your voice is like the silver market, Jeremy. You're still winning. You're still up 45% on the year. Gold's up 35% on the year, but these are good buying opportunities. Take advantage of these dips, because as we head into the election, which is next Tuesday, November the 5th, and then next Thursday, November 7th, the US FOMC, they're going to be hiking rates or cutting rates rather in the US, so that bodes very well for precious metals. Take advantage of these dips. Number one, eight, seven, seven, eight, silver, the website, guildhallwealth.com. In January, we have the same basic administration that we have now. Don't expect much changes. They are not gold enthusiasts. The rigging of the market or these 400 million paper ounces would continue. This kind of weaponization of the dollar would continue. Now you might still have green policies, which would be very, very good for silver, but basically, this is kind of a quick in a nutshell thing, because you just get the same. You just get more the same, but we're hurtling towards massive issues in the banking system, and eventually, you're going to have a crazy collapse. You have this kind of combative administration towards other countries weaponizing the dollar. You're going to increase the tensions with BRICS nations. I think gold becomes a go-to in the sense of the fear trade and also the trade to protect against the risks in the financial system. The green New Deal, things like that, silver becomes in demand because there's this, the way they're approaching it, the way it's been approached, has been very ideological. It's not necessarily like, can we do it? No, we're just going to do it. It's like pike lanes in Toronto, like, oh, we say we researched it, but we're just going to do it and see what kind of chaos it causes in the real world. Is the green New Deal still a thing? I mean, they're saying there's new silver panels that take twice the amount of silver. They have those already. But they're better already, so you'll have to basically see a continue. You will see a continuation of technologies continuing to grow up. Okay, so now it gets interesting if there's a new administration and you have Trump getting in. He's talked pretty much extensively about tariffs and the McKinley model. The McKinley model, there were tariffs. There was no income tax in the late 1880s because there was no Federal Reserve. So basically the way it looks like it's going, okay, and we're not talking about the man. This isn't an ad hominem attacks on anybody. We're just talking about policies here, okay? In the 1880s, there was no Federal Reserve. That meant the money was being produced at the Treasury or the currency. And so there was no loans associated with it. So there was no income tax required to pay interest on the cash or the currency being distributed by the Treasury, okay? So if you go back to a McKinley model, you could in effect end the Fed because you're probably going to go back to the Treasury. I've heard talk of these tariffs, but a lot of it has also been rhetorical talk, right? I'm going to talk about tariffs and the threat of them to see if I can get a deal done, right? Not necessarily placing them, though we've seen them done in the past. Now the other thing about McKinley is that he was a gold standard enthusiast. Now this is a little bit of a for better or worse situation because he was up against William Bryan Jennings, who was pro-bymetallic standard. Now they went to a gold standard and what it did is it prevented and steadied the ship against crashes and recessions and depressions and they were able to steady the ship and create massive productivity in the United States by a gold standard. It doesn't mean that the silver, the bymetallic standard wouldn't have worked, but the gold standard did. So in the next segment, we're going to keep on this subject to understand what the McKinley model was because it's been very clear because Trump has talked about it a lot, not maybe not a lot, but he's mentioned it several times, that this is the type of model that you would be expecting or a version of it coming up if in January there's a new administration. The number 1-877-8 Silver, the website, guildhallwealth.com, more to come on The Real Money Show on 640 Toronto. Welcome back to The Real Money Show, the number 1-877-8 Silver, the website guildhallwealth.com. Gold is up over 600% in the last 20 years, silver is not far behind. It's been an incredible run. It's not that the prices are rising as much as the value of the currencies are falling. This is very important because as it stands now, the only way to pay back debts is to devalue the currency. Although one way you could also do it is to revow you gold and as our listeners know, we have reported very much throughout the year and last year about central banks acquiring physical gold and now silver and also talking about central banks have discussed the concept of revaluing gold and it's such a positive prospect for the market because if you can double triple quadruple the price of gold, your ability to pay off debts becomes so much easier and also you enrich yourselves. And we know that gold is incredibly undervalued. Anyone who does a modicum of research can see that gold is undervalued, silver is undervalued against the debt, against the stock market, against real estate. It's pretty obvious when you look at gold as a measurement, just how undervalued it is and so you can see what kind of runway we have going forward. So Jerry, we were just talking in the last segment about what we could see if there's a new administration coming in. What does that mean for gold and silver? Again, I think that gold being revalued is definitely already happening. It's being re-monetized in the world. Gold banks are buying it. Would the Federal Reserve even exist in a new administration? What do you think? This is a hot topic, obviously up for debate. I think things were said that talked about and brought the Federal Reserve into discussion. I think that's very important that we are now seeing that the Federal Reserve is now hitting mainstream where Brookings Institute is talking about it and even Business Insider is talking about this. And there is a split. Will anything change under a Trump administration or Kamala Harris administration, nothing will change. They're going to be inflationary. They're going to have money printing. Trump did a lot of money printing and it will continue to be printed under both regimes for sure. But we are seeing a difference underlying what their stances are, where what came out earlier this week from the Brookings was a headline that said, "candidates contrasting plans for the Federal Reserve." So it's gone really mainstream. Why the Federal Reserve? Well, we're really focused in and honing in on debts and we're talking about the politics and how as Judy Shelton says, the Fed has become too prominent, too powerful and too political. After Harris, according to Brookings, Harris endorses more conventional respect for Fed autonomy. So leave them alone. Let them do what they have to do. Let the banks and the Fed be political. Leave them alone. However, contrasting view from the future Trump administration, where you're going to have a restructuring of the Federal Reserve. There was a memo back in April of 2020, April in the spring of this year, a new memo aims to give Trump a say in the Federal Reserve interest rate decisions that he could actually oust J. Powell, the chairman and J. Powell before his terms up, that they want to restructure the Federal Reserve. And I even brought a copy of the bill that has been passed by Mooney out of Alabama to define the dollar as a fixed weight of gold. So this is a gold standard restoration act, a bill that's been positioned. And this is a very different contrasting view moving away from a fiat-based system. And we're also seeing state by state taking off the taxes, off gold and silver, making them eligible to pay taxes, things like this. State by state, we've been tracking that news, that sort of re-monetization of gold and silver throughout the United States. But, Jerry, let me ask you this then, if Trump has promised to get rid of inflation, if inflation were to come way down, wouldn't that prohibit in a way or take away one of the reasons why people are buying gold and silver in the first place? So would you say that if inflation comes down, you're going to see gold and silver go down with it? No, because when you create a standard from gold, you have to actually re-value the price and therefore you create a floor for the gold price because you can't level off the debts, you cannot reserve the currency, you cannot bring life back to the currency by allowing gold to be pegged higher temporarily. We're just going to do a temporary inflation here and then have it go back down. Judy Shelton even talks about going into deflationary mode, why have a 2% target? It doesn't work. So I do believe that we're going to be seeing a restriction of the Fed and she had an interview this week that was talking about her book called, as good as gold, sorry, and she was saying that the dollar needs to be linked back to gold, a classic gold standard. In this interview, she said that we need to initiate serious reforms aimed at recapturing the economic benefits that were earlier achieved, talking about the McKinley system earlier. Whether that means restoring some of the rules that permitted the Bretton Woods system to function for more than two decades or exploring new proposals for an updated gold standard, reminding that the US has 261 million ounces of gold. You know, I got to just jump in there on this because we've, you know, we're avid consumers of the gold and silver history and it seems like the US got it right off the bat with the gold and silver, you know, as money and the constitution and it was a by-metallic standard. And you know, McKinley, I have to say, the one bad thing about him is he let the bankers encourage him to get rid of the by-metallic standard and go for just a gold standard. And that kind of opened the door and led the way to the Federal Reserve system. And you know, when they did the Bretton Woods, they also kind of had the bankers kind of slip in there and say we wanted at $35 an ounce and they limited gold in many respects and they limited that system that was going to be bound to break eventually as well. So, you know, I know that these could be crazy, reformative times. I just hope they get it right. You know, even Winston Churchill, he revalued gold, I think in the 30s, but he didn't do it enough, right? I remember Jim Rickards talking about that in one of his books, that they just, they got the revaluation wrong. You know, if you're going to do these sorts of things, you've got to get it right. You just hope that the people who are really looking at it. And I hope that the, you know, I hope that it happens. I know just as a final word, I know that you mentioned Judy Shelton. She's been cozy with the Trump administration in the past. We know that JD Vance has a potential VP here that he owns both Bitcoin and gold. And he worked very closely. Who did he work closely with? Peter Thiel. Yeah, Peter Thiel. Who has held gold in the past and is a gold enthusiast. So, you know, I think that that could be very positive for us going forward. I think that a good economy doesn't necessarily mean bad things for gold. I think you still have to worry about the debts and figure out how to get rid of them. And part of that is revaluing gold much, much higher. Absolutely. And I think as we approach the election, this is something that we have to really embrace and that we want the power back to the people. We want the independence back to the people. And one way to do that is to own physical precious metals for yourselves, become your own central banks. Don't rely on the central banks to do it for yourself. Just as a big reminder, Canada has no reserves, no gold reserves for its people. Central banks are loading up on gold reserves. You should do the same and you want to give Guildhall wealth to help you do that. Give us a call 1-8-7-7-8-Silver and the website guildhallwealth.com or guildhallpreciousmetals.com. You're listening to The Real Money Show on AIM-640-Torana. We'll be right back. Welcome back to The Real Money Show, the number 1-8-7-7-8-Silver, the website guildhallwealth.com. This is the moment you knew you were waiting for but didn't know you were waiting for. It is going to be pandemonium. We are going to go head to head with our heroine, Judy Shelton, against old Yellen. Oh, Janet Yellen, did you see her this week, or was it, yeah, it was last week. She was giving some speech and the treasury seal fell off her podium. How symbolic is that? Yeah, she actually spoke this week at the American Bankers Association and he started going off and blaming all of the banking instability on not themselves, not the ones that were involved in creating the financial disasters and printing trillions of dollars into the economy since the OA crisis. No, and not on themselves. They blame people and their fraud that threatens banking stability to further escape-goating. Do you think that Janet Yellen ever went to a P.D. party? Oh, for sure. Is she P.D.D. adjacent? Oh, Yellen, get over here. Yeah, we don't like her. She has no understanding of the real world. I ain't buying the granny innocence, trying to sell me oats and debt. I just don't buy it. We love Judy Shelton. She is a real American. What did you want to talk about with her? She talks a lot of that. The dollar, the U.S. dollar used to be good as gold and when we were talking about, this is an underlying issue. The underlying issue is the currency here and we have to understand that what failed in the past were banksters that came in and usurped the whole idea and stole the freedom away from the people through the creation of their own currency. Give me the power to create the nations, currencies, and I care not who makes its laws. We know who said that, don't need to quote his name on this show, but we know the currency is the problem and the currency needs to be fixed and the dollar used to be as good as gold. Dr. Shelton proposed a new bold initiative to restore the U.S. dollar's link to gold after more than half a century of breaking it. She said, what we used to do is use the gold holdings as a specific collateral for new treasury instrument, a long-term treasury bond. We should have the treasury issue treasury bonds. Those who buy it would have the right to add maturity to either take dollar-denominated face value of that bond or the pre-specified amount of gold. I'm trying to draw attention to the fact that the dollar used to be as good as gold. Her goal is to have a new debt instrument that embodies commitment to maintain the dollar's value in terms of the purchasing power inherent in a specific weight of gold. But remember, she was nominated to become the Fed Chair by... No, be part of the Fed. Part of the federal chair. The Federal Reserve Board, under a Trump administration, she didn't get in, but I think in a new Trump administration being so vocal and being literally, after interviewed, she'll be in the administration, along with the Department of Government Efficiency, who's going to fix that. We're talking about Mr. Elon Musk, who was just, he's just on fire right now, talking about what's going on. And even Ron Paul summed it up pretty nicely this week that he wrote that Elon's cutting two trillion dollars from the budget. Great idea. Start with some of the biggest welfare recipients Ron Paul says. Number one, military-industrial complex. And number two, welfare-recipient, pharmaceutical-industrial complex. Oh, and end the Fed. That was... Yeah, well he knows. He knows. It's $178 Silver, the website guildhallwealth.com. Gold is real money, Silver is real money. It's a finite product, and the best way to hold it is to buy it direct and to hold it physically and have it allocated and fully segregated in a vault or even within your registered account. Jerry, just before we go, there was some really good diamond news, right? Amazing news this week. I was waiting for this one for about two weeks. The yellow diamond earrings lead the Christie's auction sale this week in Hong Kong, led the way with a $60 million dollar sale. This is really just showing, Jeremy, that the yellow diamonds, once you have rarity in your hands, this is an heirloom piece that will continue to go up in value. And I think what this market is also showing is that they know that as the US is cutting interest rates, loose monetary policy is here in historically ways. We look back into the trends, fancy colored diamonds such as these tend to go up in value year over year. As you print that money, you get ready for hard asset prices to continue to rise. The idea here is follow the smart money. If you've got people putting $60 million into a pair of colored diamond earrings, got to look at that market. If central banks are buying gold and now Silver, you've got to take a look at the market. We feel is going to continue higher, a lot of analysts are saying the same thing. Continuing to get revisions from major banks, the number 1-877-8 Silver, the website guildhallwell.com. If you've missed a show, you can check us out on YouTube, on Rumble, please follow us on X. Thank you so much for listening this week and joining us. And 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 program are 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. He's an exceptional assassin. To celebrate the thrilling new series, The Day of the Jackal, Showcase and Stack TV are giving one lucky viewer the chance to win a trip to London, England. The police all over Europe are looking for him. It's a cause of ghost. Head over to our Instagram and see the contest posed for details on how to enter. I like to win. I like to win. So do I. And watch the new series, The Day of the Jackal, premiering Thursday, November 14th, only on Showcase, stream on Stack TV.
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