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Welcome to The Real Money Show, the number one eight seven seven eight silver the website guildhallwealth.com. My name is Jeremy Wiseman. I'm joined by Jerry Correa and if you'd like to learn more about gold and silver please follow us on X and then you can also go to guildhallwealth.com get your investment kit, learn how to hold physical gold and silver in your registered account. It's fully allocated, fully segregated. There's no counterparty risk. You own it. You can hold it in your hand. Go to the vault and personally audit your holdings and you can also give us a call directly. We're more than happy to chat about the markets and chat about how to get involved in the markets and you can do that by calling one eight seven seven eight silver. And Jerry, an interesting week in the markets. The silver price as we record today on Thursday is thirty one dollars twenty cents per ounce. Silver is that's in US dollars. Silver is up thirty five percent in Canadian dollars this year. Gold we're trading at two thousand six hundred and thirty dollars per ounce US. It is up thirty five percent this year as well in Canadian dollars. And just before we went on we were having a little chuckle about interest rates because it looks like the Bank of Canada wants to lower rates any moment now which would be an indicator that I said to you it's because well they've they've reached their cruising altitude. They've reached their target. Inflation has been has been tamed. Yep. Under control. Nothing to see here. Let's get back to work. Let's start cutting rates. And this is uh this is something this is anomaly you're seeing because um you know prices are still going up you know cost of living expenses are rising yet on the other hand according to our central planners and the Bureau of Statistics and CPI they all point that everything's under control the prices are going down no it's not and you know according to their measurement inflation is going down but it's not the case. Prices continually rise. Coffee prices I don't know if you saw that statistics it's up like 70 percent year over year. The cost of living expenses are it's really choking people out you know we're seeing it we speak to people on on the on the regular here at Guildhall who are you know a stretch thin you know people have to you know unfortunately liquidate some metals which is the whole point you have liquidity in precious metals you have that stability but right now the central planners have just lost it you know the currency if you look at gold versus all major currencies right now the pound had just got smashed to us you know seven lost about seven percent versus versus gold all major currencies are facing the same headwind on the on the way down it's just the US dollar that's actually the one that's uh doing the best out of all of these losing currencies. But on that point you you follow the currencies quite closely and and the US dollar is sort of at a peak right now in terms of when you're looking at the charts right it did it did come off of the two-year high just following the the the trump election news the legacy media and legacy financial media conjured up that because he is an you know his platform is usually expansive that he loves to expand the monetary policy which is the case that it's inflationary but his central bank for some reason is going to be keeping rates high and raising rates and this is actually a headline from Bloomberg today that the trump trade is is going to be inflationary and therefore it could be hawkish for on and on the interest rates that his policy is somehow hawkish that's not the case if you look back in history from Reuters to NBC to CNBC CNN all pointed that actually Trump won he loves low rates he loves negative rates even he wanted zero or negative rates and he limbasted the central banks the the federal reserve and pal to you know get this thing cut he knows what he's doing he likes to manage the debts he likes lower rates so to have the US dollar hit two-year highs on a notion that he's going to keep rates high i mean i don't buy it i mean it's definitely buying this the the comics and and all of the exchanges a lot of time because there was a huge drain of precious metals coming out of the comics just before just before the election huge panic from the comics so it was just in time and it was a lot of shorts that had to come out of those trades as well so you know we're level headed here we just see right through it the central planners are are caught between a rock and a hard place and we'll see what they're going to do next year next week bank of Canada is going to cut rates 25 50 basis points who knows well it just bodes very poorly for the Canadian dollar well yeah exactly it means that it doesn't necessarily we don't necessarily have to see a decline in the US dollar if we lower interest rates it means our dollars going lower everything is going to get more expensive if the rate could go to 1.42 right everything gets more expensive and as the Canada Post negotiations hopefully wrap up I imagine we can almost guarantee that costs for stamps and sending packages is going to go up as a result right everything is everything is going up right it's it's you can't say that inflation's under control if prices are going to continue to rise because we still haven't gotten through as you can see with this negotiation with the with Canada Post is unions want raises they want cost of living raises right so that's going to continue it is continuing and I just want to bring to the table an article that came across yeah Yahoo finance yesterday Mexico raises it's still low minimum wage by 12 percent but it marks no increase in dollar terms Mexico announced Wednesday that will increase finally minimum wage by 12 percent you think that's a huge win right 12 percent that's great but unfortunately the Mexican peso on the other hand lost 18 in value over the last year so you get 12 but you're down 18 percent and and we're in this this era where you're either and this is this goes back to when they lowered interest rates to zero and in some places negative that you're either forced to chase yield or you look for protective assets and that certainly seems to be the exact same case it feels almost 2018 esque in the markets right now and one of the ways that if you're looking towards retirement you're trying to create retirement planning and you're thinking for the future one of the best ways to make sure that you're preserving your wealth long term is to hold an asset like gold and silver because they are limited supply because they're used they have no counterparty risk they really are the insurance of a portfolio and if you want to have that insurance portfolio and get the benefits of holding a hard asset like gold and silver which are up you know well over three four hundred percent six hundred percent for for gold over 20 year period they're they're doing great this year we're going to look at some forecasts later on in the show and show you where we believe they're headed into the future but if you want to get involved you want to call the number one eight seven seven eight silver and the website guildhallwealth.com gerry coming up in the show we want to talk about this video that you just watched and tell it give us a little a little hint of what you want to discuss yeah just so I want to get into that uh that video that I that I watched earlier just referencing what we're seeing right now a lot of euphoria and a lot of just over exuberance with what we're seeing in the stock market we're about to engage in another series of rate cuts which is usually a it is normally a response to you know emergency issues or an issue in the market so there's an emergency tactic to cut interest rates but in a time of a boom you know this is not a time to really cut rates you really want to you know let things go um however you know what we what we're seeing in the in the markets in this extreme euphoria price distortions we have the media telling us that inflation is under control but prices are going through the roof it's there's too many distortions so this video that I wanted to touch base and touch upon a little bit um I wanted to go over it because it was very reminiscent of what I can remember uh when we were witnessing the things that are going to happen what were happening in Venezuela when we saw one of the most astounding stock market uh a run-ups surging over 200,000 percent in a very short period of time this happened several years ago so the video goes over what a crack up boom is what a what is a melt-up what is that uh where did it happen has it happened before can it happen here is this going to happen is this potential is can this potentially happen in North America is it just something that happened in Europe or in Asia or in South America can it happen in North America and if so how to protect against it and why real money gold and silver matter during this time and it does matter because just last week after all of this diversion all the all these distractions we noticed heavy repatriations happening around the world most notably was China repatriating silver and gold back into their coffers back into the reserves the comics as I mentioned before the LBMA is being drained and this is a very big issue especially for the military that requires the immense amount of ounces going into their artillery Jeremy you mentioned that before in the last week's show we're going to get into the the crack up boom but I think it's a great time to talk about the demand coming from China yeah I think you know last week on the show we talked about that China invested 1.5 billion dollars into a deep water port in Peru and last week they took out of that port 2,600 tons of silver concentrate bound for Shanghai they also took delivery of gold and which is just astounding something like they secretly bought 60 tons of gold which is just shy of 2 million ounces of gold so they're clearly preparing for something and we want to understand what it is that they could be preparing for and why they feel it's so important to have gold and silver we think it may be part and do because of what a crack up boom is and also geopolitical on geopolitical risks and a changing monetary system I think that's where this is all headed a changing monetary system and how is that going to play out and one of the things that we've learned from history is he who owns the gold makes the rules just as JP Morgan himself said the gold is money and all else is credit so you want to be prepared you want to have a foot in the gold and silver game you want to be hedged you want that insurance policy and with Guildhall we can help you into that market it does need some hand holding sometimes people do need to learn about the market how it works pricing because it is a physical asset it's not investing it's ownership it's tangible assets give us a call we'll show you how to do it and we always recommend a crawl walk run strategy start small and then you can build from there and you'll you'll see how you want to move from in what direction you want to go and where you want to put gold and silver in your portfolio after a few small moves the number one eight seven seven eight 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 one eight seven seven eight silver in the website guildhallwealth.com if you're thinking about holding physical gold or physical silver in your registered account to hedge against inflation hedge against the devaluing currency prepare for a new monetary system looking at the fundamentals of physical gold and silver for example uh jerry gold h gold silver hq put out a couple of crazy good posts over the past couple days the first was silver the most undervalued most shorted most essential metal on earth that's not a problem that's an opportunity you know i'm sure you've seen that video it's good i think the guy was being interviewed with joe rogan and i use in the military or something and is it i think it was about stoicism where everything where your answer to everything that's bad is good right she say oh it's most undervalued good right it's it's almost it's almost like all right all right all right you know it's most short at all right and since that's you know it's like all right all right all right the other one they put out gold silver hq was the silver short squeeze is coming industrial demand is soaring above ground silver stockpiles are vanishing the cracks in the manipulation are growing buckle up and speaking of of of that of just the cracks in the manipulation you probably heard actually i don't know if you have did you hear uh jerry that the um cme wants to launch or is going to launch a one ounce gold futures i just saw that today okay so that's they say it's to meet surging retail demand to me isn't that just a way to steal money from small speculators and if that's the case if that's the case doesn't it mean that the big boys are tapped out quite desperate isn't it it's quite desperate it's it's like that new investment um vehicle where you can you can buy partial stocks fractionals yes fractional stocks you know being able to buy a fraction of a stock where where we're going to remove the barrier to entry is to me personally a huge whopping neon sign that things are overvalued if the everyday person can't get involved in the market i don't care how you spin it to me that says how can we get the last grains of sand into this jar right we got the big rocks we got the pebbles now we're gonna fill that jar with sand we're going after the little little guy right it means the big guys are tapped exactly we've got all that liquidity so if you think now is the time to protect yourself and prepare with the insurance policy of gold and silver even after you've started to see those first initial moves the market's still incredibly undervalued and we could give you a hundred ways as to why that still is then we have an an even bigger reason to get involved exactly in the registered accounts which is we now have a promotion the get your free gold promotion jerry love it's which is it's back for every 15 000 us and put into your rsp to acquire physical gold or physical silver we will give you one gram of gold in your hand in your hand you can use it as a last minute gift you can hold on to it but it is an appreciating asset and speaking of that you know jerry i remember my wife's when my wife's niece was born we grabbed a five gram a five gram bar i think it was maybe i can't remember i think it was like 250 at the time yeah you know i think it's worth like seven hundred dollars plus now so you know it doesn't seem like it's a good gift no but you know one day it's very thoughtful it's she's gonna she's gonna understand what that asset means when she says wow my my auntie and uncle were were the best right they they because all the other cash is gone all the other cash is gone it's worthless exactly and that's the point i mean you don't want to give cash and it's they just spend it on you know real things best holiday gift yeah you can think of is to give a couple silver maples you know give an ounce of gold give something that's rising in value that they can hold in their hand and get that first initial aha moment of what this is all about but if you want to take advantage of that promotion you give us a call 1-8-7-7-8 silver you go to the website guildhallwealth.com and it's a perfect time to get involved in the precious metal market you've got every reason to get involved and jerry let's talk about crack-up booms first of all what is a crack-up boom so this is a term that was made famous from Ludwig von Mises the australian school of economics he you know he went through the Weimar Republic hyperinflation and he talks about when everyone wakes up you know in referencing all of the bubbles that we're seeing people become suddenly aware of the fact that inflation is actually a policy and we'll go on endlessly and this is what we're seeing interesting and breakdown occurs and the crack-up boom appears is what he says everybody is anxious to swap his quote-unquote currency or money against real goods real money no matter whether he needs them or not no matter how much money he has to pay for them within a very short time so i've had clients come in they they were you know born in eastern europe and and they've gone through periods where they'd say you know they they would get their paycheck or their mom would get their paycheck and they'd spend it right away you have to they just go out and spend it because otherwise it would be worthless by the by the next week is that what we're talking about because that just seems like hyperinflation not what you're calling a crack-up boom well it was it was a both crack-a-boom is a symptom of what was going on with the currency similar to what we talked about with the peso you people needed raises you know they needed they got 12 percent raises but the currency was actually destroyed by 18 percent eventually we realized that this is a policy this is it this it becomes a fear factor at this point so people are rushing and it becomes mania and there's a list of not just venezuela of of hyperinflationary bubbles and we've seen the stock market in venezuela bounce up 200 000 percent the people you were euphoria what we're seeing today i'm not suggesting that this is exactly what's happening today as we're hitting all-time highs but the value the the way that we need to value our wealth would be looking at the currency are we valuing our our wealth in this currency that is being destroyed that's what was happening with the boulevard during the time and there is a list of melt-up booms and crack-a-booms throughout history we go we have hungry uh from in 1946 famous Zimbabwe in 2008 yoga slavian 1994 and then we've had france china over the course of history and this is history showing us what what happens when the same the same philosophy applied when you just expand the monetary supply when you hit 36 trillion and when everything becomes a a a fraction of something and when we talked about the silver squeeze the physical silver stocks that we're seeing are declining significantly year over year and we talk about the opportunity versus what we're seeing right now not to just not to just protect versus this crack up boom versus the loss of your purchasing power but the decline in silver especially especially since that silver squeeze began in 2021 which caused historic tensions around the world the LBMA nearly shut down we know that today's silver market is based on fractional systems they say it's undervalued Jeremy it's not undervalued silver is priceless in terms of all of the usages and if we look at usages of for example bitcoin bitcoin if according to i did a little bit of research of the usages of bitcoin and other digital currencies it's a digital currency it's a store of value you could trade with it it's all financial whereas the utility that we have in gold and silver it's enormous it goes into every single industry and when we have a market that is based on fractional systems where there is more virtual owners of silver than the actual physical ounces of the actual metal itself are you talking about the LBMA where they've got 400 paper ounces for every one ounce LBMA in the comics that's indeed what happened but the LBMA wrote during the silver squeeze that if had this continued had the squeeze in the drawing of the silver inventories continued then they would be in a default position they were that close Jeremy and considering what was going on just before the election this is the same type of environment that the silver and gold market the stress and to rest the silver and gold market was so of course we need diversions we need distractions but you know in a very very short period of time the currency can become useless so here's a question for you if we're talking about a crack up boom and we're seeing stock markets continue higher and i'm seeing all of these posts about insider selling at a massive rate so how is it that the stock market still rising if all of the insiders are selling and i don't think main streets really really investing all that much they're worried about inflation mm-hmm exactly the average person is not worried about so what's pushing the stock market up do you think well you have a lot of printing Jeremy that printing the press is back on and running they have to save this us dollar the usd dollarization is real someone's gonna buy the treasury so you're so you're thinking it's it's uh bank plebs on behalf of the federal reserve and its open market committee and all that jazz are basically just okay what stocks can we buy up with the debt to push it higher and it's always a smaller a small fraction that can push it higher yeah i think you know when when the audits get done or is it just putting all the money into the video it's probably yeah bubbles abound Jeremy everything was just artificial artificially uh birthed and and bubbled up because if we even look at what happened in chai when in japan the experiment that was done with the yen if you when lower your rates to negative you can borrow that and really finance anything in the world and you can make bubbles around the world through just one currency imagine what's been going on through other currencies so what's the takeaway here we we've seen crack up booms happen in the past we've seen hyperinflation in the past how does it generally end how do we get back to a sense of normalcy how do people protect themselves well it's through real assets and that's why in ludvigs uh missive here everyone's anxious to swap money against the real goods so it was there will be a rush to real goods and a real quality of goods and this is reason why gold and silver are tier one assets you have the immediate liquidity that you need in a market when everyone wants to head to the door at the same time and liquidate because there's panic in panic ensuing and you need and you need some tangible wealth or the power goes out you need to the panic is real so converting out of physical or out of fiat or out of digital into something tangible tangible because if you can't hold it you don't own it ownership is key when all of these bubbles abound all it takes is one pinprick and the cascade will happen i think the cascade's already happening and i do believe we're already in the midst of a currency crisis and again as we mentioned uh gold silver hq i love what they said the short squeeze is coming you mentioned jerry the short squeeze that industrial demand is soaring above ground silver stockpiles are vanishing the cracks in the paper manipulation are growing buckle up silver is the next is to see a massive crack up boom of its own the only difference is is its real money it's a real asset both industrial and monetarily we're now even seeing different states i think it what was it Missouri is looking to get rid of central bank digital currencies they want to write a law you cannot ever have them and that they want to return gold and silver to its monetary history historic roots and have it be used as money which is very interesting i believe it's Missouri i'm going to check on that and we'll we'll talk about it in the next segment also coming up in the next segment let's talk about central banks they're ramping up they're buying but there's also debate amongst central bankers as to the use case for gold as money and we're going to get into that debate in the next segment the number one eight seven seven eight silver the website guildhallwealth.com physical gold physical silver assets that have no counterparty risk no liability no one else's has a claim on it this is your asset your insurance policy for your wealth for your retirement you have to think about your future gold and silver will insulate you against troubled times ahead give us a call one eight seven seven eight 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 one eight seven seven eight silver the website guildhallwealth.com if you're thinking about holding physical gold and silver in your registered account for your retirement think no more we've got a great promotion for you for every 15 000 us invested in physical gold and silver you're going to get a gram of gold now is the best time to get involved you know jerry we just saw saw gold reach a high of 2800 plus we've had a pullback this is this is as good as it gets you want to buy the dip you want to get better rates you want cheaper prices you got to get on get in on the dip absolutely it's as simple as that now will most people do it no central banks are doing it there's no doubt about it we had a a post here on x from frank juustra saying central bank gold buying ramped up in october india turkey pull and lead the net buying of physical gold and that comes to us from gold.org now jerry we're seeing central banks buying gold but there's some debate around whether or not they should be buying gold you know we have this beautiful history of central bankers in america making making outlandish comments about about precious metals i don't know why they're so anti-precious metals when all these other central banks are but let's have a debate between drome powell greenspan and bernanke let's do it let's do it so this week uh drome powell was interviewed i think yesterday and he said people use bitcoin as a speculative asset it's like gold so drome powell just basically said that gold is a speculative asset jerry what do you make of that what i make of it is just a central banker another federal reserve chairman um a lot of hot air coming from him of course he really never say anything positive about precious metals that's the case until they leave the office then the truth comes out um he actually also mentioned that um that gold is actually competing against the u.s dollar um so that was another case which is which is like what what uh nixon said when he lifted the gold standard saying that they had to defend against the speculators right the orders of the of the of gold and bitcoin is a competitor to gold and they're both speculative assets he's basically so um now what's interesting is greenspan we're going to bring him in on the debate because he completely disagrees and he asks the question now we know in the past some of his quotes things like the only thing to protect you against inflation is is gold we also know he was an anran enthusiast and and uh wrote an incredible paper on the uses for gold and silver as or gold as a um backing the currency and having a gold standard he's definitely go ahead like the greenspan one where he says i view gold as the primary global currency it is the only currency along with silver that does not require a counterparty signature there you go and he said that actually there was an interview in in uh 2014 when gold was at under twelve hundred dollars and silver was under sixteen dollars where he said he asked the question why do central bank banks put more put money into assets that have no rate of return and they have to pay to store them why so i'm having him ask Jerome Powell hey Jerome if if if it's a speculative asset then why are these central banks putting their money into an asset that doesn't pay interest it doesn't give you a dividend and you got to pay to store it why yeah i don't know what do you think what do you think Bernanke would say it's just his reply would be it's just tradition Jeremy we just we just have to this is what we do we just have to pay for it yeah you know look you've got a couple of central bankers including Janet Yellen uh she never talked about gold specifically but she is uh famous for saying that the that there would never be any sort of market collapse ever again that's right crazy woman she's a crazy woman thankfully she stepped down right yeah thankfully so it reminds me the the whole storage i had the conversation with someone because people are they're analyzing their expenses these days they're cutting subscriptions they want to make sure that you know we're running a lean machine here we got to cut this in that no excessive spending especially we're heading into the holidays we had to make wise purchases so at a conversation about someone's it's usually something we do at the year end and about storage about storage fees and rates and you know i put everything into perspective i'm like listen you're up 35 percent your your portfolio is well in the green and we have a lot of topside potential and precious metals and you know if you'd like you could just take it out into TFSA you could just take it out she's like no uh you know actually put you put things into perspective because i paid one percent one point two five percent to store it um and i'm up 35 percent in the year and if i compare it to other investments where i would be paying you know in a mutual fund maybe two percent the two percent you're paying to really it's just commissions and to shuffle paper but when you're holding gold and silver in a storage facility it's very similar to paying you know a boat a boat marina fee if you own a real asset this is the cost of of owning the real asset you have to have insurance on it as well so it puts everything to perspective but you're not going to compromise on your insurance policy for your wealth if you wanted to do if lower the cost you would have gone into the paper market you would have gone into bought an ETF a silver ETF where we're seeing drainages out of the ETFs well the thing is is there's always a way to do it for free you just won't own anything oh don't anything right you just want on it you can buy an ETF you can do a pool account you can do a goldback fund all of these things are fantastic but you just don't own anything so it's really great for those who want to get exposure don't really care about you know actually having the insurance policy it's like saying i don't really care about my car insurance i'm just going to invest in state farm just the company i'm just going to meet a yeah i need insurance i'm going to go invest in the in the in the insurance company itself yeah good things are coming in the precious metals market there's no doubt i'm always very counterintuitive with these things when i see pullbacks when i see negative talk when i see the the complete lack of discussion in the gold and silver market i think that there's something big big ahead and so i'm very excited about what we're going to see in the future especially for 2025 in gold and silver and in the next segment let's talk about some forecasts coming up for the next year because uh believe cibc just jumped on board with a conservative estimate but uh nonetheless they see it moving higher and i think that that's a good good sign because even when the banks are calling for conservative estimates higher that's really good for us also in the next segment jerry i want to have a brief discussion on supply is the increasing supply of gold over time a bad thing or is it a good thing hmm because sometimes people you know will say well you know there's an expanding supply that's not a good thing it's got to be fixed let's discuss that in the next segment the number one eight seven seven eight silver the website guildhallwealth.com if you want to get involved in the registered accounts for every 15 000 invested u.s you're going to get one gram of gold and of course you can have access to go and personally audit your holdings and really see that physical metal and know what you're paying for so 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 in the website guildhallwealth.com there's certainly some euphoria in the stock markets jerry and some uh other assets around and it's always good to diversify and be prepared and we've always seen gold and silver as an insurance policy certainly one that has paid out over the years and when we look at the fundamentals in terms of money printing interest rates going down you've got geopolitical risks always on the horizon especially with all of these deals and negotiations that are going to be happening they always say he who owns the gold makes the rules and we see central banks loading up like crazy there's so much good things ahead even if you think that the next few years with the trump administration are going to be great and positive and you know that there's going to be economic expansion then you tell me where you're going to get the silver to put into all of these new technologies that are going to come out i can only imagine and i think that that's gonna there's no doubt the back of the silver manipulation which by the way you know it's not doing so great we've gone from 15 to 30 in the last couple years uh but it's when we break 34 that's really the the worry right it's that we've gotten to 31 they kind of okay we're gonna stick in this low range it's when they break that that that's going to be a big concern now uh cibc came out um with a forecast and they're looking at what gold will do under a trump administration and they've said that it's going to flourish and they think that you're going to see $2,800 announced next year now we've talked about that uh bank of america sees it going to 3,000 um or and goldman sac sees it going to i think as well 2,800 as well so these are these are conservative estimates they're conservative which is always the case they have to be conservative but they have to be in line and they have to be up they have to be in the in crowd Jeremy they can't be on the outside they have to follow the trend and the trend is definitely higher for precious metals and i agree with cibc regarding regarding uh this in the but the new trump administration um gold is going to have a big role in his administration in our opinion with with the likes of judy sheltin and other advisors states are moving in line with removing taxes you have the gold standard restoration act already in place um things are moving in his favor and historically he is very negative rates uh he likes to cut rates he loves lower interest rates and gold and silver are inversely correlated to the u.s. dollar so if you're cutting rates you're dropping the dollar gold and silver and head higher and that's what we're seeing as well with other forecasts coming from u.b.s that prefers gold to bit coin to mitigate against volatility we're going to see a lot of volatility coming up and you want to mitigate against volatility as well mquary also bullish on gold 3,000 is their target as well for 2025 potentially challenging that mark uh they're citing fed rate cuts central bank buying and huge chinese demand as well for the physical morgan stanley also on board with their forecast eyeing 2700 for the first quarter of next year so that's right around the corner along with goldman sax as well but you know in a rising environment with with inflation inflation is just going to continue uh and with volatility happening these the reason why central banks are looking for gold and silver the reason why they need the gold for as a reserve number one reason is liquidity german look we're this is about protecting wealth 100 percent protecting wealth for the future and this is why people would always benefit by having 10 15 percent allocation in their portfolio uh jerry one of the debates against gold would be that it has an expanding supply and um i looked into this because i was watching the video that you were looking at and i wanted to just quickly say why why expanding supply is a good thing because if you don't have an expanding supply what happens is you you discourage economic growth because what'll happen is that the value of that money will go up because it's so limited in supply and that's going to end up having negative effects on the economy because people put their money into the money right speculation as a speculate as a speculation because they don't need the economic activity they don't want it it's the the value of the money is going up so the economic activity stops and you get deflation and i got to tell you i don't think that that's what trump wants i don't think so at all no that's not his policy so um you know it's proven over time that a one to two percent annual supply increase has preserved purchasing power for centuries and for civilizations scarcity with flexibility this is what you want it combines the enduring scarcity as well as adaptability meeting dynamic economic needs and it avoids these extremes avoids the extreme of your the dollars the the value of that money is just increasing because there's none of it around right so you want a little bit of exp of expansiveness in your in your money base now luckily gold goes up at about the rate of the population growth interesting um which is interesting and you could layer on top of it a currency which is also flexible right you have a currency on top of it which you can expand you know create some debt or create loans take those loans back but you need to you need to have um a fixed weight yeah exactly so that's some some good things so when we look at uh look we're seeing lots of great projections in the market for gold and for gold and silver silver has never looked better i think that buying on the pullback is going to be key in this market and if you have a pension account that you've ignored for several years go take a look see how it's how see how it's performing people i'm sure are looking at their stock market portfolios for the year what's working what's not if you have something that's not working maybe now's the time to look at holding physical gold and physical silver it is no nonsense it's practical it's a it's a strong asset to having your portfolio and certainly the gains over the years have been incredible but they're only going to get better from here jerry some last thoughts you want to get real money in your portfolio when we have the monetary system and paper money systems are cracking at the seams the run to gold will be explosive that's what harry brown said permanent portfolio investment strategist and you want to implement the same strategy as central banks acquiring money divisible portable durable recognizable and scarcity and that is the key and a slightly expanding supply yes slightly expanding you need a slightly expanding the only tangible non-financial asset that is always liquid and practical to own without ever involving the financial system this is carving out your own independence for your own future for your future and your family's future that's what it's about here and we want to help you along the way our family wants to meet yours come on in the coffee's always on commissarials always going and flowing so give us a call enjoy the holidays there's nothing to fear just get some silver and gold in your portfolios and we want to be either here to help so give us a call the number one eight seven seven eight silver the website guildhallwealth.com if you've missed a show or want to listen to it again you can catch us on youtube you can catch us on rumble you can catch us on spotify thank you so much for listening please follow us on x 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 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