Welcome to the Real Money Show, the number one eight seven seven eight silver and the website guildhallwell.com Great to be talking with you at the end of a crazy week in the precious metals market. My name is Jeremy Wiseman I'm joined by Paul Wiseman great to have you on the show Paul and We're going to be talking about the precious metals. It's been an absolutely wild week in the markets Paul We got a pullback in gold and silver leading up to the election and It's just kind of funny because you know, you see people instantly get a little worried about what's going on Can it go lower? You know what what does the bottom look like and at the same time in the back of my mind? I'm thinking and I pulled these numbers off gold is up 37% in Canadian dollars this year Silver is up 39.7% in Canadian dollars this year gold's gone from 2062 dollars an ounce in December to today. I wrote this down Earlier today at 2688. I think we're at $2,700. We've been 2686. Okay. All right So it did go back. It went up came back down. Silver started the year at 2379 we're currently trading around 31/43 so it's been a massive Upward move in the market This year it's okay to have a bit of a pullback here Jeremy. This was going higher and higher to the election results came out. Okay The stock market's got a little bit carried away By moving up We see I saw this eight years ago the same thing we got on a plane I remember going to New York and the prices drop drastically when with Trump going in Trump is going to be good for the business market is going to be great, but the stock market is a little bit Overpriced right now and you know they took some profit taking on gold and silver right now I think silver is an absolute steal is trading at 31 30 US gold is trading at 26 85. You know we hit a 20 almost 27 80 US For gold silver was trading at 34 40 last week Yeah, you know and it's come off $3. Where do you get a 10% discount? It's a bargain. Well, not only I would you know personally I've been buying silver and gold today I'm loading up the boat. I just think this is just a silly price and gold and silver is going to move up rapidly Next week or the week after and you're going to see The stock market take a hit. Well, I'll tell you what a couple couple points to confirm what you're just saying number one The gold silver ratio is back to 85 to one. That's crazy It got to as low as 73 to one this year back in the summer time So when you see the ratio explode like this, you know that there's a a discount on on silver Here's another one. Yeah, but what was traded this week is paper, you know, I've got suppliers calling me Looking for gold and they're looking to pay a premium over spot to buy gold. Yeah, there's there's no physical product There is physical product out there, but it's getting very very tight. The same thing is happening with silver We've seen this. I don't know how many times before and people get carried away in the stock market a few stocks move up Elon Musk gets excited You know, it just doesn't make sense well it it makes sense if you understand that there there's four hundred and nine Paper ounces of silver for every single actual ounce So it does make sense if you understand that what caused the pullback was having to throw Massive amounts of paper at the market to get it to pull back, you know five percent in the meantime as you said There's not there's no product available in fact We're gonna talk a little bit later in the show about that silver could be the first element on the table of elements to disappear But do you remember last October? In November, it's just a year ago. Yeah, people were bringing back gold and silver We were we bought back probably four million five million dollars worth of product back from clients And I don't even know don't remember even what gold and silver was trading, but it was In the mid 20s silver gold was around about Two thousand twenty one hundred dollars and people were selling because interest rates were high people that were invested in Real estate and you know boot lots of combos people were selling because things got really tight inflation went up and they They had to get liquidity change that much. I mean if you've got credit card debt it hasn't dropped The lower middle class is really getting slaughtered, you know, I I go past On College Street. There's a food bank On college just before you get to Spadina the lines are getting longer and longer. I mean that's just in downtown What about in the suburbs? The lower middle class the poor people are really really suffering, you know packaging is getting smaller and smaller You know, you open up a package of potato chips. It's on the witness protection program It's you can't find anything. Oh you go you go you go to places and I'm pulling out I just assume I just act as though. I'm traveling in Europe I just pull out more money than I think I need and and I've been right. It's like I went to go get something this morning I was like there is no way. It's under five dollars I'm just gonna pull out two two fives because it's got to be somewhere in the six or seven and lo and behold It was into a restaurant this week. They normally I order a chicken breast They normally give you two chicken breasts. They had Cornish hand on the menus I thought I figured I order Cornish and least I'm gonna get a half. I got a quarter of a Cornish ad that's the size of a sparrow I mean and it was like 65 dollars or something stupid. Well, anyway, we're getting away from that the price of gold and silver is really cheap Anybody should be buying taking advantage if you bought high cost average This is the best time to buy it because it's gonna go up. It's not like they bought it that much higher It's no, but it's gonna go up. It's a ten you got a ten percent rebate on gold and silver and to me That's incredible. So in the midst of the market pulling back a little bit This week late last week a Few days ago zero hedge put this out on X They said China has no choice, but to go all in on bazooka stimulus And I've always contended that usually when you see a pullback in gold and silver It's usually precipitating something like the feds gonna lower rates There's gonna be a stimulus package somewhere so that the move gets kind of neutralized in a way and lo and behold just before we we came on to the show I saw on radar on X breaking China announced a 1.4 trillion dollar debt bailout and is working on more measures to boost the economy So way to go zero hedge you nailed that one So it's just kind of interesting to watch how these things play out But I think yeah, you know when you look at central banks buying physical gold I think that's gonna continue we're gonna talk about that a little later in the show just to understand why they're buying physical gold And what would happen if they're buying it because they? Know that this asset is gonna be revalued and what does it mean to them? I only go Well, you know, I don't want to talk about our current administration, but let's go produces look we are Riching gold rich in gold. It's in the ground So we don't have to worry too much about it because we can get it, you know, I know I know places like Mexico are looking to potentially Nationalize their silver mines and kick out foreign investors If we needed to get gold we could get gold We can dig it out of the ground. We can nationalize some mines. It's not that big a deal I'm not too worried that we don't have any actually sit in there But you want to know how much how much the US has? Apparently hasn't been audited, but according to Judy Shelton. How much? 268 million ounces of gold How many time is that I don't know you'd have to divide by 32.32 150 but if you put that at $10,000 an ounce, you're you're over a trillion dollars worth and I was actually I actually had a chat today Surprisingly with a chat a trillion dollars worth and the dead is 35 trillion Well, what's happened? You know that it's 268 million ounces measured at like 41 dollars an ounce Right. It hasn't been read out. You've got those in the book at 35 Well, it's a barbarous relic though. What do they have it for if they if it's such a barbarous relic and it doesn't pay a dividend Then why don't they just? Relieve themselves of 268 million. Who do you think would buy that? China well, I mean China how about this no straw on no straw house of gold on X Gold is issuing dollar-denominated bonds in Saudi Arabia and using the proceeds to buy gold So I guess they're into barbarous relics Well Trump is now going to be the president again. I mean he's gonna You know, make some shortcuts to help business. Maybe the pipe. I mean he wants to pump oil. I mean oil is the key Thing to for the US to produce that'll bring down inflation Cryptocurrencies. I mean he likes crypto currencies Is it vaporware or is it real? I mean he's he's supportive of people doing what they want and he's supportive of Gary Gensler Not trying to stop people from doing what they want. Yeah, but if you look Bitcoin was a hundred and six thousand dollars Canadian today versus gold. There's trading at 26 no actually Bitcoin has been falling against gold over the last Year or two years if you follow Peter Schiff, he's constantly monitoring that That Bitcoin in the price of gold is actually been falling He's a complete Bitcoin hater But he's he's tracking it based on the idea that gold is a measuring tool And so when you look at the price of Bitcoin versus where the price of gold has been rising It that Bitcoin actually is falling against the price of gold Speaking of gold if you want to acquire some physical gold and silver in your portfolio Go to guildhall wealth calm you can go to our East or guildhall precious metals calm And one of the things that we offer at guildhall which is unique to anywhere else in Canada is you can hold physical gold and silver in your Registered account. It's fully allocated fully segregated and what that means is that you get serial numbers for the product that you purchased It's held in a sub account. That's your own account at brings you can even go to the vault to personally audit your holdings That's right. If you can't hold it. You don't own it so acid test that against other quote-unquote investments That don't cost anything for you to get involved This is actual physical product. You can hold in your hand and there is no counterparty risk And that is the whole point of holding gold Is you want the ability to have liquidity be able to pick up the phone and sell it right away? And you want to make sure that no one else has a claim on that product Except you and you alone if you want to learn more about that go to guildhall wealth calm or call us direct at 1 8 7 7 8 Silver the website again is guildhall wealth calm This is the real money show on 640 Toronto. We'll be right back Welcome back to the real money show the number one eight seven seven eight silver and the website guildhall wealth calm and we've been just talking about the recent moves in the precious metals market and Earlier Paul you were mentioning that it's crazy to see any pullbacks in the market when it's really tough to get ahold of any physical precious metals By the way on that note, are you seeing premiums rise at the wholesale level at all? No, they haven't risen yet, but they will they're gonna start to stretch the funny thing is that we do Royal Canadian men hundred ounce bars. Mm-hmm. I'm just getting now My bars were dated 2023 up to around about October I'm just seeing the 2024 bars come in who the hell's had them for ten months Yeah, I remember a few years ago. I can't remember what year it was. I think it was like I Want to say maybe 2020 where we got bars in and we could see we were in the first few hundred Yeah, we were getting brand new product in January and now this is like you haven't seen a 2024 bar all year No, it just makes me think where they must have produced the bars because they produce Royal Canadian men is an example. I have silver maples gold maples You know to try to find quarter ounce half ounce gold maples even 2024 how long did that take you to get in? Like when you place an order for a half ounce gold maple. How long does that take to arrive? I've just got the new ones 2015 They've just hit quarter ounce half ounce just hit the did pository So those will be going up on the website next week, right? But if you place an order with the wholesaler for a half ounce gold maple up to they up to Two weeks ago. There was no quarter or half ounce one-tenth pronounce even available No one had any you know what's interesting people were calling us out of the you know out of the blue yeah For gold maples. We still had some in stock of 2020 24s 2025 we have got coming in now And I would suggest if anybody wants to buy gold maples as presents for Christmas time Hanukkah, whatever you know holiday it is. This is the greatest time, you know to put your orders in but smaller products So once you go under an ounce of gold It's not it how easy is it to get smaller products? Well, they don't produce a lot and the and the and the and the premiums You know just the spreads is you're lucky if you can find them. I think I find that interesting because you know we're gonna talk about where gold could revalue later in the show and you know gold as a measuring tool and That you can only break it down into 31 grams Effectively so if gold went to thirty one thousand dollars an ounce your barrier to entry would be a thousand bucks And you could only buy a gram. That's if you could find one Right, so you reach a point in gold Naturally economic decisions where you say I can't buy it for 20,000 I can't buy it for 15,000 because I can't even buy a quarter ounce or a gram They're just simply not available and so now you look at silver Yeah, but they're not available for the cost of production to fabricate a one gram bar or coin I don't think that happens at 20,000 You know how easy is it to you know do a one ounce gold bar or a one ounce coin to try to do a one gram? I mean it's just Just to manufacturers, you know, that's why they don't do a lot of it. They do, you know, they spread it out So at least some of the you know clients can buy a little bit. Yeah, but most people buy one ounce bars One ounce coins. That's the best way to buy it or even go to ten ounce bars You know kilobars or for stackers people that have lots and lots of money And you save money because you know larger amounts is cheaper to manufacture So I want to talk about this article first if you want to get some physical metal in your portfolio the number one eight seven seven eight silver Give us a call. We'll show you how it all works We'll walk through the pricing with you of getting your first bar of gold or your first bar of silver We always recommend that you crawl walk run start small get, you know dip a toe in the water See how it works see how it feels and then you can build from there Maybe you acquire some physical couple tubes of silver maples then maybe move on to something like an RSP where you decide Hey, you know what I have this Pension that I've had ignored for the better part of ten years the manager is getting two and a half percent I'm only up 15 percent in ten years. Maybe I want to make a move on that really keeping up with inflation Really keeping up with inflation. So, you know, you kind of say okay I'll take that I'll put that into metals and then we can go from there anyway Let's talk about this article John Forrest little we've had him on the show. He's a prolific writer He wrote this piece a few days back saying at this pace silver is the first element on the periodic chart to become extinct facts are facts and He puts out a quote from or quote from oriental ghost that says silver will be the first depleted element on the periodic table Paul I want to go through this article with you and get some of your your opinions and and feedback on it So he says the extinction of silver as an element on the periodic table is a concerning prospect that merits serious Consideration silver is indeed at risk of disappearing entirely and it's availability for industrial and Technological applications are becoming severely limited in the upcoming weeks and months the absence of significant new silver Discoveries in the past decade is particularly alarming as is the lack of silver mining success Comes at a time when silver demand is rapidly increasing across multiple sectors The metals unique properties make it indispensable for conductivity Reflectivity and anti-corrosion applications in industries ranging from electronics to renewable energy Now the rise of electric electric vehicles aerospace military AI data centers We'll talk about that in a minute 5g networks and solar power installations is driving unprecedented demand for physical silver and each of these technologies requires substantial amounts of metals for instance a solar farm can consume hundreds of thousands of ounces of silver every gigawatt of solar uses Listen to this 700,000 ounces of silver. He doesn't make this stuff up. You should see the sights the sighting the of All of the information he's pulling from that. So he goes on to talk about nuclear energy Paul and he says just the current Just the current nuclear facilities The reason why silver is used and it is the most used Commodity in Nuclear because it's rods and very it's used in various rods and components because It's sustainable. It doesn't rapidly expand So all of these it's just got all of these elements that are used. So right now the total amount of ounces For a nuke for the nuclear industry is 53 million ounces But have you heard about? micro nuclear no, so tell me about it. Okay, so in the past you've had Fukushima you you build a massive nuclear plant and It has potential dangers with it, right? So now they're coming up with now they have this idea of okay the technologies improved so they want many plants they want many plants easier to control it can it can power a city or power community or power AI At receptors the the growth of AI and the need for Google and all of these things to use AI is massive So what he's saying is that the future scenario of silver per reactor is going to be 4,000 kilograms which is going to be a total of 1 billion 286 million ounces to be used in future nuclear plants that are being planned right now as we speak Except we only mine half a billion ounces a year That's just the nuclear nuclear Supply, but they're not all going to be built at once. Oh Okay, we're gonna have some third world country having people Taking silver out of cell phones with a pin He says the compounding the supply challenge is declining or grade and existing silver mines as Easily accessible deposits are depleted extracting silver becomes increasingly difficult and expensive agree or disagree Yeah, I agree, but at the same time they're either going to kill solar Okay, there's too much silver being spent on it. They're going to go back to oil and Trump is all for oil. Okay, and that's where I think it's going to be going. I think they're going to try to kill the solar pretty quickly and isn't Mr. Tesla in the solar business - or did he defunct that one well I mean, he's in the electric car business and Samsung came up with a new battery Okay, Mexico is a major silver producer. They are considering nationalizing its silver resources Just like they already did on oil lithium and electric utilities Jump force little saying we have a report showing new notes from the marina party indicating they Indicating that what they're calling a second floor of their fourth trunnet transformation And that basically Mexico's final steps to kick out investors from Canada and the US this move will significantly Disrupt global silver markets and further constrained supply He goes on to say the acute scarcity of silver highlights that silver recycling is now impossible Unfeasable because of the cost of labor and existing methodologies Yeah, but you need the price to go much higher This is the whole point Paul that it when you don't have enough Whatever you do get is going to be that much more expensive. This is what I'm trying to say There's an urgent need for new investment. There are less than four pure silver companies on the stock market And they will continue to fact check an update to this article Silver could indeed become the first element on the periodic table to face functional Extension in the industrial world look you can we can argue whether or not the green new deal is dead But the new usages for silver are only going to continue to increase So even if you replace solar power or battery power and say, okay That that whole industry we're no longer pursuing it but you're gonna potentially have a new a new era where Technologies grow and bloom and all and all of it is gonna have silver in it So for example in the batteries for cars, you know, they've created a new battery Samsung We've talked about this on the show it can it can power up in Minutes and it can drive further, but it takes a kilo of silver Right, so you either end up making it less silver and selling a lot more units Or you create a new technology that needs a lot more This is no different to trying to tell people to buy Apple stock or Amazon stock when it first came out Yeah, I mean the smart people will get in the unsmart people will be buying at the top And it's the same thing We sell more gold and silver when the prices go higher than when they dip and you know they're dipped now and you know Anybody with a half a brain really should be buying gold and silver now putting it away, you know gold is for your golden years That's what you have to do one if you did that you don't have to put your whole portfolio and go in jump in the deep end But you need 15% and if you don't and you just spoke before about TFSAs and RSPs I mean if you've never had a TFS a and you're in your mid 30s You can put up to 95 thousand dollars in a tax-free savings account put gold and silver right in your account If you're 18 and you're just starting out you can put seven thousand dollars So every year after you're you know 18 you can put up to 7,000 a year This is the time to buy give us a call. Let's get you into the market be smart by Gordon So the number one eight seven seven eight silver the website Guildhall wealth calm more to come on the real money show in 640 Toronto Welcome back to the real money show the number one eight seven seven eight silver and the website Guildhall wealth calm I want to talk about a Little later in the show or in the next segment poll the revaluing of gold I truly believe that this is something that's going to be happening, but first I want to talk about tariffs Trump has said it's the most beautiful world beautiful word in in the world and He's really been talking about that and it's sort of The instant the election was technically over I guess He's not in yet. There's still a couple months who knows what could happen, but People worried about about these tariffs. They think oh my gosh. She's gonna put tariffs on this We're it's gonna be it's gonna be the end of our economy. Da da da da da possibly I Think of it completely different and feel free to disagree I disagree because if you put tariffs up and you really overdo it it makes things very expensive It's no different. I was on the show a couple weeks ago, and I said the same thing the US dollar Has got strong stronger against the Canadian dollar. It was trading at one point three Three one point three four. We're now at one point three nine and change. That means the US dollar is five Cents higher. So if you're buying let's take food We don't grow pineapples and we don't grow watermelons I mean this stuff comes across the border whether it comes from the US whether it comes from Chile whether it comes from Mexico different times of the year product comes from different places It's all bought basically in US currencies and then it's changed in maybe to euros And then it's changed into if it's coming in from Israel shekels or whatever it's coming in at We're paying five percent more for product if low blowers has to buy though. They've got an FX Crew that you're proving my point. Yeah, but I'm just saying you're doing you're doing you're proving my point for me Not that there's no tariff I mean I'm the tariff is the five percent increase when you have to buy the product across the border and Then you have to pass that on to the consumer. Nobody eats it. Nobody eats five percent Out of their profit everybody's showing higher profits better quarters higher profits better quarters who pays for that the consumer Now the rich are gonna get richer The middle class and the poor are gonna suffer and tariffs are gonna do exactly the same It's gonna put the people that buy clothes from China or buying different things. They're gonna pay more for that product They're not gonna get a tax money ready to hear my ideas in Canada is true. They're gonna give tax cuts Are you ready to hear why I think okay? It's an opening move to a negotiation What it is spoke to Trump about no, but I can I'm telling you that's what that's what I'm seeing when I see central banks around the world Buying gold and I see bricks nations coming up with a way to say how can we trade with each other? That's fair That's gonna be the most fair thing. What makes trading with nations right now I'm not talking about what we can do it cheaper this the biggest The biggest hurdle to trade right now is that these countries around the world can do exactly what you just said I Can devalue my currency and make it cheaper for you to buy my goods You can not make those goods in your country because I'm devaluing my currency How do you prevent how do you create the level playing field all right? So so my point is you're up to you know Trump wants to have factories here in the US and Canada and Bigger than that you're going bigger than that, but everybody is asking they just gave pay raises of up to 10% a year 38 40% over four years in you know the postal workers are coming out I always say the next ones will be the garbage. What are they gonna ask for you can't keep on giving people 10% pay and increases and Sustain businesses look my something has to suffer look my my point is is that I think we're trying what? I'm looking at here is the potential of something much much bigger of going into these countries and Negotiating and saying I'm gonna put a tariff and that person on the other end of the negotiating table goes Oh my gosh, you can't do that. That's terrible. You're the worst person in the world says well You know what we actually need we actually need a level playing field where we can have an exchange of goods But I don't have to risk that you're gonna devalue your currency on me What can we do to fix that and that's what I think is is happening with this idea of tariffs now? He's not gonna be good with Trudeau Of course not that's gonna be terrible trade deals because Trudeau isn't a player right, but with bricks Well, hopefully not but the bricks nations you can see what's happening. So I want to take this so that's my thought Agree disagree. Let's watch it play out, but I want to bring that to the next Politicians lie and they say a lot of things and when it comes to the actual fruition of it It doesn't happen because they can't get done everything they promise I don't know if they get 10% done if they promise it, you know It's all well and good, but 90% of what they come out with is BS to get elected I'm my my my takeaway from this is that I'm I'm looking at how do these countries get to a place where there? You go back to like a Bretton Woods back to not necessarily a full-out gold standard But you can see what the bricks are doing and it'll even out exchange rates and prevent Things like 2% inflation is supposed to be accepted every year. So which is a loss of 2% purchasing power That's 20% every decade 40% every two decades. That's that's complete theft So how do we prevent that and so I'm just taking that as a stepping stone to it and in the next segment? Let's talk about what a conversion to a gold standard might look like. Who's talking about it? What are the moves that we see that it's actually happening in the world and what would a gold? Revaluation look like and where would the gold price have to go in order for that to work? I have a tough time getting in and believing any of this crap because it to me it is crap. I mean honestly Politicians make promises They're not in and trumps in for four years. There's not a lot. He can do him for years I mean, he may have you know, we're just we're just talking about tariffs. No, I'm just who well He's the one is gonna do the tariffs. Who else is gonna do it Trudeau? He's not doing anything. No, we're just talking. He's just trying to stay in business No, we're just talking about that The minute people hear the word tariff they freak out That's it. Well the thing that and the idea is is why are you freaking out? But you haven't even sat down at the table to make a deal in Canada. Is there a bigger picture in Canada? We've gone crazy with the taxes in the States Trump wants to cut corporate tax to 15% 15% will increase Revenues, it will increase business. It's a flow-through and it all comes from business I mean politicians the average politician is not a business person. Look what they've done in Canada There's no politics. There's no business people. They're politicians You know academics academics do not know how to run businesses and Canada is a business TTC in Toronto. Has it ever made money? CBC is it ever made money? They're run by academics not not business people and the same thing happened and in the administration and the states This last administration There's no business people running it It can only you can only get more in trouble because you're giving money away giving money away And you're not cutting do you think that's gonna change about well if Elon Musk gets in and you know He's gonna come in with a hacksaw because he's really gonna hack it That's he gets a kick out of it. I'm sure come back to you number one eight seven seven eight silver the website guildhall wealth calm More to come on the real money show in 640 Toronto Welcome back to the real money show the number one eight seven seven eight silver and the website guildhall wealth calm as you guys know You've been listening to show for a while. We've been tracking all of the changes in the global realm of gold and what we're seeing happening with central banks accumulating here's a An expo doubt by Jen Yan a new in-house. He said Europe is finalizing preparations for a gold standard Countries outside the Eurozone, but inside the European Union IE those that one might one day might join the Eurozone like Poland hungry Czech Republic are Positioning for a new gold standard to prepare for a monetary system based on gold They are buying gold to equalize their reserves to the Eurozone average This balancing of gold reserves in Europe is a key topic. I've written about extensively and now additional evidence of these plans has come out This time from Conrad Rachowski former minister of the finance of Poland Rachowski recently argued official gold reserves in Europe must be evenly distributed relative to GDP Which in the near future will be the new gold standard this statement adds to a vast body of proof regarding Europeans preparations for a gold standard now Paul in the past we've talked about that the head of the central bank of the Netherlands has said They have a column on their books for revaluing gold Surely as we talked about on the show today the Federal Reserve must have that too because they have it posted on their books at $41 an ounce or something So they haven't even revalued their gold yet the question has to be why are these central banks accumulating gold and what price does it have to go to in order for you to Why why revalue gold is the question the point is you own gold because you know Fear currency is being based you know, it's being devalued so the more you have of gold It doesn't matter if your currency goes to zip It doesn't matter. You've got gold. Yeah, and that's what it's all about So they know all these central banks know the these economies eventually are going to collapse and You know, you probably need a third World War for a reset Well, hopefully it doesn't get there if everyone's been accumulating they can reset by revaluing well, you know, someone's going to suffer Somebody has to suffer when you owe 35 trillion and you've got Social insurance whatever it is social in the States Unfunded liabilities liabilities. I mean, it's crazy. I mean You know, you you get elected you become president you make all these promises You're gonna do a couple of things but a lot of stuff. You're not gonna get done and I don't I stop reading a lot of this Jeremy I just look at value of gold and silver What I own what people own what my clients are and how they're doing are they making money or they losing money? Owning gold and silver. So where do you see it added? I? Think gold's gonna probably go to 5,000 pretty rapidly and I think 10,000 in the very near future is not out of whack and Even on silver trading at $30. Can it go to $50? Absolutely. Will it go to a hundred dollars? I've been trading in this market when silver was trading at three dollars and 80 cents gold was $250 people bought gold and silver and snuck home because they didn't want to tell anybody that they bought it You know today, they're smart because they've got it. I Mean you don't have to put your whole portfolio into gold and silver a lot of people know real estate They love real estate. They buy condos. They buy homes. They buy farms. They love real estate They won't get into anything else because that's what they know But if you've got in commercial real estate You're getting your backside kick to the moment, you know, especially, you know in the States in major cities San Francisco places like that Okay, look in 1971 They they lifted the gold standard gold was at $35 an ounce Now they wouldn't pay out their gold Which was convertible at the time because they'd have to pay out a lot of gold It would it would basically make the vault completely empty. Yeah, but they reset from $20 when they confiscated. Yes today Everybody thinks that they're gonna come around. Okay, so so lessons lessons of historic evaluations History shows that gold revaluations have happened before so when I'm saying it can happen again It's definitely happened before for example the Great Depression They raised the gold price from $20 and 67 cents to $35 an ounce that was a 70% increase Which gave them a lot of clout to say okay, we're back in business now in 1971 gold went from 35 to basically 350 and Volcker was waiting for them to go back to a gold standard once The price had revalued a little bit, but they never of course nothing lasts longer than a temporary measure for the for the government But if you bought tempering tempering if you were owed a million dollars in gold in 1971 okay, you would and they didn't give it to you so you had to go out and buy it you would have bought yourself 28,000 ounces of gold and by 1980 it'd be worth 10 million dollars That's the whole purpose of revaluation is that if you have the gold and it happens You're rich you can cover the debts You can go to the table and make decisions and make and and be part of the decision-making process because he who has the gold makes the rules Yeah, well, there's there's you know, we're talking about five thousand dollar gold ten thousand dollar gold Can they reset eventually gold and say okay? It's gonna be twenty five thousand dollars because that's what could happen well if if you if you want to Cover the debt and the money and the money supply then yes You've got to get to twenty thousand if you want to have like a fractional reserve possibility where you say okay? If we get it to five somewhere between five and ten thousand we can fractionally reserve it against the currency So, you know, these numbers are a little bit all over the place in terms of anywhere from five to twenty thousand dollars But hey if you added twenty percent a year to gold right now for the next five years you're into the six thousand range So it's not out of the realm of possibility to say well Let's get to five thousand and see where that where this plays out. I don't know if it's gonna be a rapid thing You know close the doors on a Friday wake up on a Monday price of gold is is tripled But it's the same thing people will only buy when they can't get hold of it or when the prices go berserk and It's gonna happen. I mean it really is gonna happen and if you need to buy gold and silver We have product, you know, we're on our website or each store. We only put up product that we have in stock We don't have four hundred skews of Superman coins and beavers and stuff like that because it just doesn't the basics It's the basic you want to one ounce gold bar. We've got it. You want a hundred ounce bar. We've got it 10 ounce bars We've got it silver maples. We've got it So that that's what you want and and if it makes sense that you think gold could go to 5,000 or 6,000 from here over the next five years plus then just think goes well of where silver could go in That amount of time is the ratio falls the number one eight seven seven eight silver the website guildhall wealth calm That's it. That's another show in the can to talk about diamonds. No, it's it happened very it happened very quickly Want to thank all our listeners for joining us this week and we can't wait to speak to you next week here on the real money show in 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 there and are those of the advertiser and do not necessarily reflect the views and policies of chorus entertainment What if you could have a streaming service that added new shows and movies every day? 365 days a year tune in on Monday and watch traumas like fight night the million dollar heist Tuesday watch reality shows like Top Chef Canada and Wednesday enjoy comedies like Ted and it just keeps going and going every single day No matter when you tune in there's always new entertainment for you to discover Stack TV new shows streaming every day try it free applicable membership required restrictions apply
The election of the new president of the U.S. now calls for the insights on Tariffs & Trade while Central banks are also accumulating Gold as value is being determined, pertaining to Gold & Silver.
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