0:03
Good morning, guys. Happy Saturday to you.
0:06
2020 is your year 20 20 is everyone's year, as well as next year, and especially if you happen to be holding some precious metals.
0:16
I think that we're in for a nice ride into the future, but I think there will be a bit of a bit more of a pullback. Before that happens. We'll talk about that a little later on. Today, it's my honor to bring to you guys a couple of guests, and if you'll allow me, just a couple minutes, I'm going to do a little bit of an introduction, first of all tomorrow for Enrich and I'm going to allow Rich to introduce Andy because he's the one that introduced Andy to me, but Rich and I, we go back a little ways.
0:48
We're buddies, he and I share recipes together.
0:51
He's quite the accomplished chef as well as myself and we're always back and forth about, you know, you should try this and you should try that. And so we have a lot of fun with that. But Rich is, I met Rich since the time that I got into crypto.
1:06
I've met Rich and he and I became fast friends, probably because of our love of food.
1:13
And, you know, one day, we're sitting around, not long after we met one another, and I said to him, I said, men, do, what do you know about kryptos? And he looked at me, and he said, huh.
1:22
And I said, you know, Bitcoin, he goes, oh, I have some of that.
1:26
You do, I was very surprised. And he said yeah, absolutely. He said I've got it, you know, tucked away in storage and he started telling me what he had. And I said, Man, you're about to be a whale, in crypto. And he said, yeah.
1:38
And so, you know, I kind of expressed to him who I was and what I do.
1:43
So we, again, on a lot of different levels, we became fast friends. And he has helped me understand, I have not done any purchases of precious metals in a long time.
1:57
I'm not a big, precious metal guy. I've got everything. I've sold awful lot of precious metals.
2:02
And I've got it all mostly in crypto but I have enough and precious metals left that, you know, as the prices expand, I kinda become a mini well in that space too.
2:13
So I have picked Rich's brain about this to give you guys an idea of who you're hearing from here and I'm going to allow him to, as I said, introduce Andy, but Rich holds a Bachelor's in accounting. He was a certified Public accountant for a long time.
2:32
He has a Master's in Finance, so he's one of those really smart guru's, Right?
2:37
When it comes to money and he also is a a CFA, which if you know much about a CFA that is a very, very tough thing to become. I told you guys the hardest thing I ever did in my life.
2:50
Let's get my series three in Series seven license, and here my buddy rich is a certified Financial analyst, you know? So he's a chartered financial analyst. He's, he's just way up there, right? Very hard thing to get.
3:03
And he did that, he's retired now for the most part.
3:06
And he did that throughout his career, and, you know, I've even had some, though, there was a time and enrich his life where he was riding around on net jet. So he's kind of built my dream about that. That's one of the things I'm doing in the next 12 months as ... Net jet contract. And so, he's helped me with that. And that's been a lot of fun.
3:25
But anyway, it's my honor to introduce to you my friend, Rich. For this purpose of today's session, we're using a fake name for Rich. We're not giving out his location. He has a lot of crypto, Ladies and gentlemen. He's bought a lot of sort of crypto since I've met him.
3:43
And I'm gonna let him introduce Andy, but we're just gonna keep his privacy the way it needs to be, because you know, he's, he's, he's got everything in his possession, and so we don't wanna put that out there. So, Rich, thank you for coming on this morning. Thank you for introducing me to Andy.
3:58
It's a pleasure, thank you for having me, and I'm looking forward to this hour and anything I can do to help you and your, your constituents happy to do it.
4:10
Absolutely. So, give these guys a little idea of how you met Andy and kind of how that relationship developed, and I think it'll give them a clear picture of really what they're going to have their hands on here.
4:25
Yes.
4:26
Yeah, and let me do that, but let me start with a quick history of how Eigen involved in precious metals itself.
4:33
Because, I make my road, might be a row that some of your listeners are on or have been on, And it is. This interesting, real quick, are you, are you comfortable giving these people, just a general idea of what, what level of holder you are in precious metals, as it comes out. You know, I've done lots of transactions, and with Andy, I've done lots of seven Viggo transactions with Andy.
5:01
Lots that he, ladies and gentlemen, lots of seven figure transactions, OK, carry on.
5:07
OK, so initially, I was never really involved in precious metals in my career.
5:13
I was more of the traditional foreign stock and bond portfolio guy. And I had a portfolio that I actually managed for me by a large private bank.
5:27
And it was very much, one, 1% of assets under management. And it was very traditional. And its holdings and then one sprinting cards.
5:40
Um, every Wednesday with a bunch of guys.
5:44
And one of this, all the guys who, Hi, Sinew play cards with. He got sick, and he had cancer. At about six weeks to live, and he said, Could you help me get my affairs and audits? And I said, Sure.
6:02
So here's this guy that was in our labor.
6:06
And no one thought he had a nickel, and he's taught, you know, I could get my hands, so I did, and in one of our meetings, he brought out two shoe boxes, and it was loaded with, Um, double Eagle gold coins from the, 18 eighties in that area. Maybe turn of century as a Goldmine, because what?
6:33
is this is what I want, each of my two kids to get a box, he said, I've been collecting these for years, and there was over one million dollars in each box, and I was like, Oh my God!
6:46
Here's all this Well, that it was known, and the community would have, ever guessed it, and here, he was shifting all this money to the next generation, um, and it was seamless, and strike fluid, Now, I was like, oh my God, this is genius.
7:04
And, know, from that day, so here's this guy, Got all this degree in training with something. Pretty special.
7:12
So my pal gave me a gift of introduction of precious metals, so I started buying the same double eagles' from a a coin shop in town, where he and I had a mutual friend, trusted fellow. And I bought a whole bunch of overtime double gold gold pieces and it was probably in the late night.
7:40
Seeing, you know, 1998, 99, 2000 market at the time was probably around those high threes and low 400 per piece since. It was good, so I did it that way for awhile.
7:56
Then, like coin guy, you know, sorta was retiring, and I just thought I'd said a bit, then I got involved in purchasing Silver because I started reading about Silver.
8:09
So, I, then, I found a dealer, and it's on the west coast, and I started buying 100 ounce bars from the Royal Canadian Mint, and I, I, got all bunch of those over, for a time, and, I mean, I started, you know, storing those.
8:30
And, then, I found myself with all these gold coins of different vintages.
8:36
and all these bars and, it just felt a little bit cumbersome.
8:41
And I was worried about, like, when I want to give my kids, their boxes, someday, I've got all these coins with different values, perhaps because of the fineness and the purity and how many were stamped in that particular year.
8:54
So I decided to make life a little simpler for myself.
8:59
And then I had all these, these bowls bars which I had a lot of ounces but I just started to question whether you know that was was my best play.
9:09
So I went on a hunt and I came across zandi and I reached out to him and explained my situation what I kind of had.
9:23
You know I started purchasing some some eagle's straight up Boolean from him.
9:33
Gold Eagles goldie where we started, yeah.
9:37
So I bought some Golden Eagles and kept buying those and then I started to think about my portfolio with the private bank and the world is going crazy in my mind, and I couldn't figure out any of the evaluations, and I was like, I'm just uncomfortable, and I'm like, in this sort of more physical approach.
9:51
So I liquidated my portfolio, and I started to buy large quantities of Gold Eagles.
10:00
And, so, I started that with him, and then over my career, when I got involved in businesses, I always put my kids trust involved in it, and they had no stock bond portfolio as well and I liquidated that, and I put their stuff into goals eagle's, as well.
10:21
And I did all this with Andy.
10:24
And then, you know, I talked to Andy, and I said, I got all these old coins, and, you know, I'd like to send them to you.
10:34
Andy was gracious enough to take all those, and he understands those coins.
10:40
And, The vintages, and what have You?
10:43
And he, he basically converted my old coins into, straight up going on because to me, it just felt cleaner and more easily divisible.
10:52
So I put a whole bunch of those coins through him and he did that and then then I had all these bars.
11:03
Andy actually helped me with brink's and I load it up, um, you know, a brinks truck.
11:13
And we sent it to, I believe it was Montreal, and they stored it.
11:21
So we kept it there for awhile and then we converted, it's fromm.
11:28
They go bars into monster boxes of straight up US.
11:32
You know, Silver Eagles made a big conversion of all of those.
11:38
And of course, I'm going to get less less ego, monster boxes, because as you know, more fabrication in the coins and packaging then straight up bulk, But they're definitely easily recognizable and marketable. So I felt comfortable doing that. And Andy did all those transactions for me.
11:57
And so in that process, you're shipping, large amounts of gold bars. Whatever it happens to be, you're trusting Andy, and I know we'll get into that in a few minutes. You're trusting Andy: with these transactions, you're trusting his process and got some pretty special things attached to his business. What you're gonna get into, But you, you basically were, like, through the, through the mail system? or through? Brings? Brings because of the sheer bulk of that volume. But, I have sent Andy ..., of the, you know, I know his favorite. If it's.
12:35
It's high value, is through the US.
12:37
Postal Service, and we've done that, and I've sent, You know, because I've had, sometimes I want to liquidate for other projects or tax issues or whatever.
12:46
So, numerous, numerous occasions sent to him quite a bit of going on because, you know, how you to purchase or sell, but I've done a lot of both and abused, different vehicles to get it to him, and it's always been easy. And then, you know, if I'm ever wondering, I know there's a wonderful and Jackie that's been there forever, and, you know, I call her up and she can answer any question. You know, if I don't want to bother Andy, nothing is inaccessible because he always has been, and we've had our long hours of chats.
13:23
It's been a great experience, and I haven't regretted heading to Miles Franklin at all.
13:30
And again, I've had no experience with the West Coast. You actually use the one that's, you know, in Montreal shortly, and that was a great experience.
13:39
But, um, no, bandy has provided a lot of comfort.
13:44
And, I've enjoyed our relationship immensely.
13:50
That's fantastic.
13:54
Don't know what else I can add, except, you know, at this point too, I have most of this, you know, in different locations that I have.
14:03
Privately, I've built, you know, have safes. Liberty safes, which I love them.
14:10
You know, I don't have any relationship with them but they have a quality product. They have evolved or from them and go cabal.
14:17
I've done a lot, you know, holding stuff personally.
14:21
Right, But that's, again, comfort, because I know where it is, and, and that's, that's how I do it at this point.
14:31
Sure, well let's go ahead and bring Indian here and why don't you tell these guys about his company, Andy?
14:39
And a couple of the things that make him different than just your typical gold or silver bullion dealer.
14:45
know and if you do any research, it's not hard to zandi's got a long career.
14:51
And his, you know, I think it's a bit of a family business, it's been around for a long time.
14:57
And it's, it's one of the few, this Senate state, the requires bonding and going away. And I think that's good.
15:08
It's the same token. I've known Andy enough and arm.
15:13
We've actually never met in person with.
15:16
We've threatened to, we've come close, he's been in Florida. We're supposed to meet their something happened to one of our schedules, but we keep trying to meet.
15:27
But, I feel very comfortable, just because we've got this great phone relationship over the years and aye.
15:35
You know, bonded or not, I just have the sense that his inner core is very much a stand-up guy and, um, is, you know, I do stuff on a handshakes.
15:47
And I feel like that's Andy. to if he gives you your word, it's is Bond. And.
15:53
We've had lots of transactions, and, you know, is just is 100% stand-up, and I'm extremely comfortable.
16:02
I mean, literally, put my, you know, my mom's money through them, so, just my kids, so I trust them immensely.
16:12
And, you know, he's just, his company's been around for a long time.
16:15
They, I think he'll tell you they've never had complain or a bit of business. Or, even knows how to run a business.
16:23
And, you know, as a business person of countless business interactions and clients and other windows, several companies myself, you know, when someone does business well, and I can say that about Andy.
16:38
No question. Without reservation.
16:42
I would I would recommend him and his crew, It's been great to a person, and you're not getting paid to say that.
16:50
No, no, no, no, no, I know, that would not be a little slow. Without any further ado, let's bring him on, Andy. Are you with us, buddy?
17:01
I'm here. Rich, you're a gentleman, I appreciate you saying all those kind things very, very much, very nicely to say that you've earned every one of them.
17:09
Thank you. Thank you very much.
17:11
It's a dime here, and thanks for having me.
17:14
It's a dying breed of people that you can trust with your, with your wealth or your precious metals or whatever it happens to be. So, kudos to you for being that guy. And I kind of recognize those same things at riches talking about from the first time. you talk, give these guys a little breakdown of your business, kind of, you know, give them the Reader's Digest version of how you got started. Where it's at, You know, I think you told me about how much business you've done without a single complaint. Give these guys a little rundown quickly.
17:43
Sure, so I started the business with my father in 19 89.
17:49
... been 30 years.
17:53
We're somewhat the embodiment of The American Dream, and we, we started with a loan from a friend. selling out my parents, life insurance policies on a wing and a prayer.
18:09
My father had been in the industry before any large company, speaking on behalf of them and Zurich was approached by some people who wanted to bring the concept of switched annuity to the United States.
18:24
So, in the late 19 89, early 19 92 phase, I went to the University of Minnesota, with intentions and aspirations of playing baseball for myself, and started the company with my father.
18:40
And, we quickly realize that the same person who bought Swiss franc investments on precious metals.
18:52
And so we made that leap by 1991.
18:57
We were not only the only US contact point for the Swiss insurance industry, but we were now a fledgling precious metals company.
19:06
In those days, selling precious metals was akin to selling snow cones.
19:12
In Alaska it wasn't an easy endeavor, but as Richard said, we had real strong fingertips and we're able to do things the right way.
19:23
We find ourselves here 30 years later, as one of the only 24 companies ever approved by the United States Mint as a company that has eclipsed $6 billion in transactions without ever even having a single customer complaint or regulatory complaint.
19:40
Never forgetting where I've come from, where we've come from, um, that those two guys that started with the bank with a loan from a friend.
19:53
And cashing out insurance policies, life insurance policies to start accompany on a wing and a prayer.
20:00
$6 billion in transactions, no customer complaints, no regulatory compliance, A plus rating with the Better Business Bureau, all of those things, the accreditation, by the US Mint.
20:14
We're very proud of our accolades. We're very proud of our history, are very proud of the road we've taken.
20:20
But the state of Minnesota is the only state in the United States that doesn't care about any reputation.
20:26
They're the only state that mandates licensing and bonding in a federally non regulated industry.
20:33
There's been a tremendous amount of fraud in this industry over the last six years.
20:41
That has culminated in north of $200 million stolen from big online companies.
20:48
The accreditation in the state of Minnesota requires licensing requires continuing education requires annualize background checks of all employees and principals, myself included.
21:04
If any of us had a felony related to financial services in any capacity, we would forever be disqualified from the industry.
21:13
But the biggest saying that has inhibited the majority of all of my peers from doing business in the state of Minnesota, is the bonding.
21:24
Virtually every company in the United States has boycotted Minnesota.
21:28
The bonding alone is enough to make most companies say ***** Minnesota will work everywhere else. It's a one million dollars surety bond. That is guaranteed by the owners.
21:39
A full disclosure of all assets by the owners, myself, and it's invasive.
21:48
It's a drag if you own a company, but what it really means if it were held to a higher standard.
21:53
And so it's not a drag. It is. But it's not.
21:57
It makes us the safest company Bar none unequivocally to work with in the United States on top of our US Mint accreditation on top of our Better Business Bureau, sparkling record.
22:09
And the fact that you can even Google a complaint state of Minnesota puts an exclamation point that by bonding all of our transaction switches, is something that is completely unique and in the industry.
22:24
So, from that, here we are 30 years later, six billion in transaction, and, you know, it's, I look back upon it with amazement.
22:37
But know that it, if it not been for guys like rich along the way, we wouldn't be the company that we are.
22:43
Business is not an online business.
22:47
Enriches mentioned graciously about all our conversations that we've had, and, and, really, that's been, the best part of my business, is getting to know, really cool people, like Rich.
23:00
But that's the foundation of a business that's relationship based.
23:05
I've had many evenings, quiet evenings amongst myself where I deliberate should I be common on my company.
23:15
Certainly have the reputation and the ability to turn on a switch and become an online portal.
23:22
But, for a myriad of reasons namely the tremendous amount of fraud and identity theft, that is growing.
23:34
In fact, numerous conversations with the FBI, it's that we've been told that a lot of the fraud that we even experienced was European state sponsored fraud.
23:55
And it got to the point where I just shut off my online store, The minute I shut off the online store and became analog in a digital world where we used to be all the fraud disappeared.
24:09
But, I will tell you that it's a, it is a growing epidemic, the amount, and the extent, and the sophistication of identity theft and fraud.
24:21
And it was enough to make me, say, ***** this, and I had just closed it all down.
24:28
And we're now back to being 100% old-school relationship based accessible.
24:37
But old school off the grid, so to speak.
24:40
And it has enabled us to to as much protect our interests as it is as it has been our clients' interests.
24:51
So, that is the 30,000 foot view of how I got here, of who we are and how we do things.
25:03
So, with that being said, I'll turn the floor back over to you guys and happy to answer any questions that you have.
25:10
Yeah, very nicely put.
25:12
So does the reason that I wanted to bring Andy on is because I know there's a lot of folks here that are a lot like rich.
25:22
They may, they may have been collecting their metals for a long time, I actually know to be quiet square about it. And I don't know that we have that many buyers of precious metal in this group.
25:33
There may be some here that don't have any or thinking about getting some, it's a pretty savvy group.
25:40
Pretty intelligent group of folks, pretty well to do group of folks. And from that perspective, I think that a lot of them, I've heard this question over. And over and over again.
25:53
I do a lot of one-on-one consulting, Andy, and in those consulting, you know, people had said to me, where are you going to liquidate your silver at the time? I just said. I don't know, because liquidating silver at $20 or $40 is different than liquidating silver at 600.
26:10
It's different than liquidating Silver at 1500. I mean, not that, not that I've had the opportunity, but I just understand the process of how business goes.
26:19
And you know, if you've got a $12 premium, today, no, because it gets a little scarce.
26:25
What are we going to have when it becomes unobtainium?
26:29
And the price is say 600 or 1500 or $2000? Amina?
26:34
I just think it's a totally different game at that point. Is that, is that a fair assessment by your standards andie?
26:42
More valuable sites?
26:45
Yes.
26:48
New story contributes, Um, we're able to assist.
26:56
Then we had Joel.
27:02
On the shuttle.
27:04
Bottom line is Yes and no, I mean, it becomes more muted when you carry around with the infrastructure that allows us to assist you on larger transactions, to seem to UPS each year and instruct UPS to come to your house, you pick.
27:29
Serves on the air been through Lloyd's of London program that meshes with UPS is dry.
27:38
You share to maybe five to your next two years.
27:41
two, $100,000 per case. Excuse me.
27:46
I'd like to make a caveat to all this in terms of the way that I view precious metals for you to use.
27:58
It's important for me to explain why view them.
28:02
If you feel it this way, I think it takes a year or 2 30 years ago, 31 years, studying the scenes.
28:14
My father's. Sister.
28:19
Yeah.
28:21
Awesome.
28:23
You deal with one link? Yes?
28:29
You see, we'll buy something every two weeks to you.
28:34
Do two years of all those loans.
28:38
you, mister father, even though he's the most on fire, the longer.
28:48
Promise, for 30 years, I never missed a two week period accumulating the Netherlands.
28:58
Was out of town or sector name to reduce pain ourselves first.
29:06
In the way that I've accumulated my wells, I'm not the toaster trying to start using Sorry.
29:16
Most people would contribute.
29:19
Look.
29:21
Look squirrels I hope I never needed genes.
29:25
If I do an emergency amplitude.
29:32
Not a good teacher.
29:34
Yeah?
29:36
Probate elements.
29:40
OK, to me, is just simply wealth.
29:46
So, like just the way, the ISP.
29:51
How it looks.
29:55
I looked at this as: The Foundation: generational wealth is immutable.
30:01
I know I will pass it on to theirs.
30:07
On the other bills that are in our wallet which are being destroyed right in front of us of the Reserve, just creating $9000 billion slash timbre country that discrete number of years to 300 billion.
30:24
I mean, the dollar bills, all the frames.
30:30
Hungry for me and soon, as well, Immutable, Don't let that be soon.
30:39
Um.
30:41
That's 10 day sheets by speculative investment.
30:53
So, pulling money off the table.
30:56
When you make browsers, do we make plastic in equities?
31:02
Pulling it off the table, so to speak, Toilets and chips in your pocket before you get to the kangxi window.
31:09
Good idea.
31:12
Blackjack with the same time we travel the scandals can always have tons of money to never table, watch them.
31:22
We do whatever. We say we need to see it and put a breach.
31:29
I can fill the chips and that's kinda the key here is we will go over to me, when you're doing other things, to reach success, charities, pulling some chips off.
31:42
What are you some breaches in your pack, OK?
31:47
Only real wealth, as 6000 year track, students, such study.
31:55
due to the smoking, people believe that the trend continues.
32:00
That's the way we looked at things.
32:02
Exactly.
32:04
Any questions?
32:05
Yeah, thank you for that, Andy. And also, if there's anything you can do on your end there, Andy, when you first gave your intro, you are super, super clear. And then all of a sudden, I don't know what you did this last time around, but that clearness went away and it kinda got down to about maybe 20% of how clear it was to start with. So if there's something you did different, maybe go back to what you were doing, But let's carry on. So, I want to remind all of the listeners here, about a conversation.
32:32
I had at the second quarter of 2019, which I think will bring you up to what we're doing here today.
32:40
I had a conversation with a gentleman who had the very rare privilege as a Gold dealer, and also was creating the very first recognized by the IMF, gold standard digital token of gold, which is not available to the retail public. It's only available to the banks and if you're on a specific institutional platform that I'm on, you can also get access to it.
33:08
But this gentleman had the opportunity to go to Monaco sit in on a meeting, and he was sitting there with multiple Trillionaire families.
33:17
Trillionaire families from Europe not not named, You're going to, you know, here in the open public.
33:24
And they were being advised by an advisor.
33:28
And he was there to be, there, link, they were being advised that the hundred year rally in real estate is over, get your money out of real estate.
33:40
And put it in two things.
33:42
They said 25% gold. They really didn't mention silver, they said gold and precious metals.
33:49
We kinda know what that means.
33:51
And they said, 75%. Crypto.
33:54
that is our assessment. That is our advisory position to these Trillionaire Families.
34:01
That was the second quarter of 2019 Look at what's happening in real estate. Right now.
34:08
I know that people are rallying, to buy everything that's on the street from a from a perspective of, you know, some of the hot pockets and just home buying.
34:18
But look at what's happening in the, the, the real, real estate sector, where, you know, the commercial side of things. Also, look at what's happening in gold. I kind of held my stance as a trader on what I saw on the chart, and I said, when the chart changes, I'll re look at it. And so now, at this point, when we get done here today, I'm going to do a little charging for you guys. We're not going to hold the Andy for all that. He can stay if he wants to, but I'll do a little charting for you guys and tell you what I see.
34:45
I'm gonna join that conversation!
34:49
Then we'll ask and do some questions with another conversation that I had this year with the same person.
34:56
The same person said, Listen, let me give you a macro viewpoint on gold and silver.
35:02
He said, Once we break 2300, he said the rally will not be able to be stopped.
35:09
And he said, We're expecting not fast, ladies and gentlemen.
35:13
He said, in this decade, in this decade, he said, We expect and plan to see a $10000 gold price, as well, an eight to $10000 silver price.
35:29
Now, this is coming from a room of trillionaire, ours, advisory boards advising trillionaire, So, I'm just telling you where it's coming from. I'm not telling you that. Because it's that high up, it makes it a fact, so don't go away from here and say, Well, Jay said, he had a handy on, right? Don't say that.
35:45
That's not the case, I'm just, I'm just repeating what I was told, that I'm allowed to talk about privately.
35:51
And what I was shared was that when you start seeing your silver price in that five to $7000 region, you're gonna want to sell your silver.
36:03
And the reason for that was is that this gentleman said to me that the governments are going to do just like India recently did.
36:12
India went out here and put a big tax on gold. So people can hold gold forever waiting on their ship to come in.
36:19
Their ship starts to come in, and India hit some with confiscation in the form of attacks.
36:25
So what I was told is, you're going to see laws come into being at the swipe of a pen that says, you, the public can't sell at that price. This is the maximum you can sell it at. They're gonna create kinda two markets, as well as probably a black mark. And I think they'd probably create the biggest black market on silver you'd ever seen.
36:46
But, anyway, because Silver, supposedly has a real set amount of silver, they're not finding it, you know, Farmer ..., not finding another vault of silver out in this field on a regular basis. But that does seem to continue to happen with gold and just keep finding in 20 13, They found one of the largest reserves ever, I think, in the Middle East.
37:09
And so that continues to happen. I hear stories of these guys in Hollywood that are mining gold off of asteroids. Again, I can't validate any of it. I'm just telling you that, the silver thing you just don't hear, I'm continuously telling you, we're finding more, We're finding more.
37:23
But if you look at all the white papers being written, that come out of Harvard and MIT, all these people are writing white papers about technology to come in our future.
37:35
That all of it has to have silver like. Almost every single bit of it, especially in the communications field, has to have silver, right?
37:44
So, if you, if you marry those two together, I can certainly see where these people are coming from when they start speculating on the price not to mention there in a pretty high up room where things are kinda decided for planet Earth, so take it for what you will. I'm not stating it today is the facts.
38:02
I'm just sharing with you a conversation I had, and realize that Andy can be a source for you at any point in time between now and whenever you're ready.
38:13
That you can use his facilities there, use the 30 year track record. He has and feel comfortable with it, and I would like to ask him just a couple of questions.
38:24
And then, if somebody here has an intelligent question you'd like to put in the questions, We'll shoot a couple out, and the goal here was to keep Andy only for about an hour, Saturday morning, to. Um, but the couple of questions I had. Andy is, can you walk me through the process. I know a lot of people are very familiar, for example, with a monster box.
38:43
Silver gets to a certain price. They want to sell their silver.
38:47
They call you what's called the process. They're with their master box. Maybe they have 10. Maybe they have one.
38:55
If they want to sell it, it's the same thing As buying it. Wages would confirm the price lock it in.
39:01
Assist them with shipping whether it be we send UPS to them or tell them how to send it back, registered neylon.
39:08
Upon receipt, we immediately send them a wire or an overnight check.
39:12
It's, it's truthfully and literally that simple.
39:16
I'd like to real quick just back you up and and put an exclamation point on what it was that you were saying about being in the company of these people who we're very wealthy and sophisticated and making predictions of how high gold will go You said $10000.
39:40
Now, I've heard that too, but I'd like to tell you why I think people of that ilk, if they really indeed are connected the way that that you would expect them to be when you're talking trillion, I would say that, um, for the last nearly 80 years, there's only been 1 tier 1 asset in the world and that's been the United States treasuries or fully segregated.
40:12
Aye.
40:13
Dollar deposits in an escrow account.
40:16
So, if the Bank of England was trading with the Bank of Switzerland, the only collateral that would be used would not be pounds or francs would be US.
40:28
Treasuries or escrowed US dollars in a fully funded escrow account.
40:36
Now, that's been since Bretton Woods in 19 44.
40:40
If you Google what a Tier one acid is, it will tell you it is a riskless Asset.
40:47
Through 2017, the Western Central Banks.
40:53
We're not sellers of gold always capping the rally.
40:57
In 2018, out of nowhere, the Western central banks bought more gold as a group, than they did in the 60 years previously combined out of nowhere.
41:10
In 2019, those numbers were up 90%.
41:16
This year continue up, unabated, again, quietly in 2019, and April, under what is called the Basel three Agreement.
41:28
Basel being the location of the Bank of International Settlements, which is the central bank or central bank, quietly, they being the central banks and the bank of international settlements.
41:40
get this the most important development of my 30 year career hands down, not even close.
41:47
They reclassify Gold as the only other Tier one asset on the planet.
41:54
Bet you didn't know that, there's no most you have the most sophisticated, well funded, well informed group of traders on the planet who are telling you that.
42:05
Well, now Gold is a riskless asset on par with US.
42:09
Treasuries, which has been considered the only riskless Tier one asset since Bretton Woods and the front running of that decision by a year and a half.
42:19
Remember the year before, They bought more gold as a group than they did in the 60 years previously combined.
42:26
They front ran the decision, they knew it was coming, continue to do it in 20 19 by popping those numbers up over 90% and continue to do it today.
42:36
So you have the most sophisticated, well informed, well funded and influential traders on the planet who are telling you that gold is a riskless asset that they are accumulating it in lieu of dollars they are shedding dollars to accumulate gold.
42:52
Now, when we talk about why gold would get $10000 an ounce, because I believe it will be the underpinning in a non convertible fashion.
43:02
To a new digital currency, they will use a distributed ledger.
43:08
two, I believe, denote the gold backing the currency.
43:14
I think the fact that they reclassify Gold as a tier one asset, uh, is, is the biggest event into my career and it would be perfect.
43:25
excuse to tag a dollar if they want to ever have credibility again after the mismanagement of the currency.
43:34
Remember, NaN ago was 31,688 years ago, and we created 9000 billion since September.
43:43
And the fact that they have reclassify Gold as a tier one asset, screams to me it'll be the underpinning of a new currency, a digital currency.
43:55
And that'll be tagged to gold.
43:57
And they will use the distributed ledger to show the backing, the veracity of the backing of the gold now, where it's held and who audits it and all that kind of stuff is another story.
44:08
But the bottom line is simply this.
44:12
The reclassification of gold, is the tier one acid, as all.
44:15
I need to know about what the long game is, for gold.
44:20
And when you talk about being told, Coincidentally, by some very sophisticated people, they expect gold to go to this level, putting it in reference to a tier one asset category, The only other one in the world next to US Treasures probably makes that seem a little bit more significant.
44:38
Wow.
44:39
That is a huge exclamation point, and there's information I did not have, or no.
44:43
And I'll even go on to say that in my mind when you say those things that you're saying as a speculative possibility.
44:54
It takes me past 10000.
44:56
It takes me like maybe 20,000, maybe 30,000, Right? And let's, don't forget, it wasn't that many years ago, people didn't even think about a 30 or $40,000 Dow price.
45:08
Right?
45:08
So, You know, if all you can see from from two decades Is, say, $2000, price and gold, it takes a lot to open the mind up and go, Oh, well, we're gonna go to 10, wait a minute, maybe we're gonna go to 20. Well, certainly, maybe we've got 30.
45:25
Well, if you think that they're gonna have the potential of a digital dollar.
45:30
Which of them being told We're going to see a digital dollar in the next 24 months that that meme started being shared with me about 90 days ago that in the next 24 months, we're going to see a digital dollar.
45:42
We're going to see a digital dollar of every country.
45:47
And, in fact, I was told, none of them will move until China creates and puts out their digital dollars. Or China's now saying that by the end of this year, they're going to have their digital currency in full swing and they're already burning cash.
46:00
So the, you know, the leader is leading, so to speak.
46:04
I was also told that, um, because we kinda dumped all our derivatives on China was also told that for the last couple of years, The goal was being held back considerably while China was one of the biggest buyers of gold, and this was kind of payback from the USA.
46:25
Or, Hey, we're sorry, We dumped all our derivatives, Anya gee, We're so sorry. Right? Sure You are.
46:31
And so, you know, I don't know, you know, I don't know the facts of all those things. I hear these things that come from very high up, powerful people And I'll put it. I write them down. I keep on my watch I must see what happens, what doesn't.
46:44
Sometimes it comes to pass, sometimes it doesn't. But that is a phenomenal exclamation point Do you have before I ask you my last question?
46:52
Do you have any speculation on our price beyond $10000? I mean, Tabak, an entire country's currency, it might need to be bigger than that.
47:01
Well, you know, I mean, you want to talk pie in the sky.
47:06
If you took all of the gold, with supposedly all it fortnights, which hasn't been audited since 19 56, 1, and divided that into the debt.
47:18
You're talking to 100 of over $120,000 an ounce.
47:22
If you used a goal to pay off the debt, you'd revalue gold the way that President Roosevelt did, when it confiscated gold in 19 33 for 20 bucks notes, and then revalued at $35 An ounce increasing the value by 40%.
47:37
I'm not talking that that these things will will certainly ever happen, but, you know, when I started in this industry, the Dow Jones was 2100.
47:46
And the Nikkei was almost 40,000 and Japan owned, Rockefeller Center and Pebble Beach and casinos in Vegas, and ski resorts, in Colorado, they were taking over the world financially.
47:59
And from a manufacturing standpoint, if it had an engine or a computer chip, it was made better in Japan. Well here we are 30 years later with Japan's interest rates being at, or near zero, the whole time.
48:12
And there Nikkei is basically half of what it was 30 years ago.
48:19
With those low interest rates, can't even spur people into it, and they watch the Dow Jones increased 15 fold.
48:25
And kind of what you were just saying, I do believe that markets move up higher to the upside than any one everything's possible, and we'll fall further to the downside than anyone everything's possible.
48:38
And so, when we talk about gold go into these crazy levels, The fact that it's been revalued as a riskless asset and accumulated by the most sophisticated people on the planet tells me that it will go higher then just about it, about anyone thinks possible, myself included.
48:55
I don't know what that number will be.
48:58
But it's a question of measured against what.
49:04
And when you see what I mean, it's already at all-time highs against every currency on the planet. The dollar was the last one to break.
49:13
I believe you will see.
49:17
The goal moves much higher than anyone thinks possible in the light of a declining US dollar what the Federal Reserve and the US Government have done, combat, what has happened, to the economy, due to Coburn.
49:31
Um, it is tantamount to destruction of the currency and the Sowing the Seeds of Hyperinflation.
49:39
So, how high we'll go measured against what a destroyed dollar or Or what have you. I think it'll go higher than people think possible.
49:49
The REIT pegging of it and the reclassification of it as the only other tier one asset in the world. All bank guarantees that.
49:56
And when we talk about silver, it has a 90% correlation.
50:01
Since the beginning of time, between gold and silver, one of the reasons that's one other thing I'd really like to make mention of.
50:09
The reclassification of Gold, was the most significant event in my career.
50:14
The second, most significant event in my career, happened this last March, and I'd like people to go to kiszko.
50:26
You can do it on my website, but Kepco has a better future for this kid code dot com slash ..., their competitor of mine.
50:33
I've got a fancy website.
50:35
And you can go under Charts and Data, tab at the top, And you can look at the price of gold and silver.
50:46
Since I just want just a second there, Just one secondary, George, would you mind pulling that up and putting it on the whiteboard?
50:52
If you're still around, George, thanks appears. We'll see that come up.
50:55
Carry on ND I don't mean, the, kit co dot com, and under the subsection of charts, and Data, or data.
51:04
You would find the ability to look at gold and silver over the last year.
51:11
Now, we can go back to April of 2019 and see the significance of the price since the reclassification is a tier one asset.
51:21
And it'll be even more startling.
51:23
But let's just talk about March since this March.
51:28
Silver is up 150% since March 150%, even more 160 and gold's up over 60%.
51:37
Um, and why is the question?
51:41
Well, I did a lot of public speaking over the years, where I would talk about the manipulation of the gold market.
51:50
And without getting too deep into it, um, gold and silver have been a rigged game for a very long time.
52:00
I would get up on stage and talk about JP.
52:02
Morgan, being the chief rigor and manipulator or the market got a lot of heat for that.
52:10
People told me I was crazy that there's no way that this conspiracy could be that large that the traders have too big of miles that they couldn't keep it shut.
52:21
I was mocked about this at conferences by people with more time in the industry than me and I I stuck stuck to my guns.
52:34
All the information that I was ******* by, told me that this was right.
52:41
And it was the second most significant event to my career, happened this last March, when JP Morgan was indited six of their precious metals traders.
52:55
In what is now still an ongoing Justice department investigation, indicted sticks of the JP Morgan Meddled traders with Federal Racketeering charges for manipulating the precious metals market.
53:09
Racketeering charges are what Rudy Giuliani used to bring down the New York Family Crime Bosses and it's no joke and six of their traders have already turned state evidence.
53:22
They are facing jail time for federal Racketeering, manipulating other markets, since that day, not only has JP Morgan gotten out of the short game, they stop manipulating the market, they're no longer short.
53:37
There are 100% long from being the largest concentrated short position, convex market has ever seen two now net long for the first time in 12 years.
53:48
There they are net long futures market.
53:51
And so, knock it off side from that, you have admissions from companies like Bear Stearns They just admitted. If you Google it, it just popped up.
54:03
They admitted that they are, some of their traders are going to jail admitted. They were taught how to do this from their bosses. Scotia Bank just paid many hundreds of millions of dollars of fines for manipulating the metals market.
54:16
You have the heat being turned up on all of these commercial banks, who have held down the paper price for a very long time, and they're now all being, um, investigated, and outdid, and facing jail time.
54:31
So you have the biggest, short position that has kept the market for all these years, trying to make Western currencies appear stronger than they are being busted and going to jail and getting out of shorting the price.
54:45
So when you look at what happened since last March, since those indictments came down Silver Price, it's been they call it set free, but certainly doesn't have JP. Morgan hold it on the price. And it pops 150%.
55:02
And Gold up 60% and backfilling, and I think you'll see the rise continue. and that's why I say things, like $2300 Gold. And then taking off, I believe it.
55:17
I think that the numbers that you're talking about are not irrational. And I don't think that they are unrealistic.
55:25
So I just want that to be known that this market has been for a very long time held back by central bank and commercial bank rigging and manipulating.
55:37
And the only way you can successfully manipulated market over an extended period of time, is to push it in the direction that it is going.
55:44
And when you have the most sophisticated, well funded, well informed traders on the globe, accumulating and no longer holding back the price, Jay, the sky's the limit.
55:55
Wow.
55:57
Wow. Well, well put, and also thank you for sharing those events. I mean, these are things that I can tell you, the average investor in silver, gold, just don't know. I mean, unless they're really doing their homework, they just don't know those things. So, that's fantastic.
56:11
And also, you know, I was involved in a meeting on the Internet a couple of years ago and I was told they were moving Blythe masters into a retirement position because that they were trying to avoid her prosecution that she was kind of at the head of that manipulation, and I don't know if you know this or not, but they've now moved her to the head.
56:32
They funded her $70 million and funded her over at Digital Asset Group, which is a group that is kind of heading up the entire takeover, so to speak, of bitcoin on Wall Street.
56:47
I actually am not a big advocate of people putting their money in bitcoin and it's mainly for this reason.
56:56
There's other reasons, but it's, it's mainly this reason that the takeover first happens at Bitcoin, and then it comes to Ethereum, and then it comes to others, and so on and so forth, But no.
57:06
It is regular listeners for your listeners, Blythe Masters ran the JP morgan Precious Metals Desk.
57:13
Yeah, and she, she should be in prison, quite frankly, as far as I'm concerned.
57:18
But she is central theme, and she's a central player in all of the talks about JP Morgan manipulation, JP Morgan, through the manipulation Jay has amassed, the single largest physical position of silver the world has ever seen north of one billion ounces.
57:38
Most of it, almost all of it off the exchange. I do want to talk about something else, do I have time to talk? Yeah, we'll stay as long as you want to stay, man. I don't have a time.
57:49
So one of the things that is happening that is very, very illuminating totally as to where are the prices going is what's happening on the comox market.
58:11
Co max market is the commodity exchange where typically, their commercial market was a speculative place after a company like mine, The ...
58:29
market is legitimate, we use it to hedge our Inventory, If I have a thousand ounces of gold in my warehouse, I have to sell a thousand ounces on paper Mccomb X market and I do that because if the price goes up on my inventory, that's great. But what if it goes down?
58:55
If I'm holding a thousand ounces and the price of gold falls by $100, that's a $100,000 loss.
59:03
So what I do is I sell short on comex so that it moves up commensurately with what I just lost in my inventory.
59:12
And the that's a legitimate hedge, a farmer who plants a field in spring.
59:24
Want may want to forward, sell his production, on Comex so that he doesn't have to deal with the risk of summer months as it's growing and take out the, uh, the the risk associated with: what could be a poor season or stuff like that. So those are legitimate hedges.
59:48
Well, typically as it pertains to gold, no one ever stood for delivery.
59:56
The hedge, for the speculators they are not hedging.
1:00:01
The speculators would be doing this to speculate on the movement the gold price.
1:00:07
And so the commercial banks who were naked short, meaning selling short, something you don't own, could do so unlimitedly.
1:00:17
That's a word.
1:00:19
Bye, selling stuff, They didn't own, driving down the price, because no one would ever stand for delivery.
1:00:28
So they would just throw enough, short contracts onto the market to break the back of the people who work, taking the other side of the trade.
1:00:39
They would create a perception of, reality, drive down the price, because they had enough money to do it, just keep shorting, shorting, shorting, shorting, until people run, right.
1:00:50
So, when someone's sell short on the call max, someone goes long.
1:00:56
It's a zero-sum game. There's always someone on the opposite side of that trade.
1:01:01
So the commercial banks could sell short indefinitely until it broke the back agreed.
1:01:08
People who are long, and they would sell. No one ever stood for delivery.
1:01:11
It was A gambling, casino, if you will.
1:01:16
Well, over the last several months, something's changed.
1:01:22
And what I'm about to tell you it to me, is also incredibly significant.
1:01:28
As to where I think things are going.
1:01:31
Um, we've been seeing more gold and silver delivered off the coal max in a month.
1:01:39
Then, typically, we see in a year, month after month.
1:01:45
And what you're seeing as quickly the comox, is B, turned into a delivery mechanism the Genie has been let out of the bottle. Now let's talk about that for a second.
1:02:00
When a commercial bank naked short, something, they're selling something they don't own.
1:02:06
If no one ever says outtake delivery of that, I don't care what the price is, then if no one ever says that, then they can just push it down so far down that people just say, I'm out.
1:02:20
Well, what's been happening?
1:02:22
Is that very high net worth individuals, family offices, sovereign wealth funds, and super, super wealthy people are saying kinda playing poker with your friends, when the guy or gal you play with always goes all in and you know they're bluffing, someone's call their bluff.
1:02:44
And you can see the collective faces of the commercial banks turned white, because what has happened is that more metal is being pulled off the exchange in one month than we have seen in one year over the last 3 or 4 delivery months.
1:02:59
So much so that the Comex market is beginning to freak out.
1:03:04
They just expanded the eligible refinery list by double for my entire career there was about 80 refiner's that they would call eligible for their product to be listed as a comb, ext Approve, refinery bar.
1:03:23
They just literally doubled it or more by allowing another 80 plus refiner's, most of them in China and Japan.
1:03:31
So, they are scrambling across the globe to suck up any goal that they can because they're very scared.
1:03:40
They don't have enough on the exchange to meet the level of redemptions by the people in the know.
1:03:48
Now, if you think about this for a second, silver contract is five one thousand ounce bars, you're talking roughly at £350, and these people are pulling off hundreds of contracts, if not thousands. They're talking semi trucks full of silver.
1:04:07
Um, why are they doing that?
1:04:10
Why are they dealing with me logistics of semi trucks worth the silver?
1:04:18
Why do you think they're doing it because they are terrified that it's a suckers game?
1:04:25
And that it's, a term called, ...
1:04:28
comes into play, where the same asset is sold many times over.
1:04:35
Because no one ever stands for delivery, So they re hypothecate it, too, they enable the game to continue to play well now the people in the know are standing for delivery in massive quantities, which is going to expose the ...
1:04:51
market for what it is of fraud and all of these things put together the commercial banks, Central banks, and the Arizona know pulling metal off the exchange.
1:05:05
In record amounts, both gold and silver, I should tell you what's going on, should tell you where the price is going.
1:05:14
And, I have never sold gold and silver as a hedge, against the apocalypse, as a tool against being a doom and gloom, or, but I will tell you simply this, uh, the most sophisticated players in the world, not only are massively accumulating metal, but they're pulling it off the exchanges, which, to me, reeks.
1:05:46
Fear and desperation.
1:05:48
When you see the exchanges up there eligible refinery, let's shop gunning it not doing really due diligence.
1:05:54
Half of these refineries coming from China that I've been accused of sending out and creating tungsten laced bars.
1:06:05
These are not the movements of markets that are in good shape, so put it all together, and it tells me that Gold and Silver will be the central theme of what comes next.
1:06:20
And when you talk about Kryptos, yeah, they will to the, they will be more of the rails and the tools by which, you know, transactions are done But in terms of I think the foundational wealth.
1:06:36
Backing many of these kryptos or backing many of these new currencies will be 6000 year old wealth, gold and silver that I'm fairly convinced of, and the movements of these players, and what they are doing kind of backs that.
1:06:53
Wow. Interesting, interesting information. Thank you, Andy, for being willing to share that.
1:06:59
Um, you mentioned the banking system there, as far as putting the whole piece of the pie together.
1:07:05
And I think people should, especially here, on this channel, those folks that have been learning how to really read a chart, I think you should look at your IBS chart and Understand, it's probably fixed and they get cut in half.
1:07:19
I think that it's just holding up by thread.
1:07:22
And I think along with that, we get the decoupling of crypto.
1:07:27
With the, the traditional market, I think there's one last little, like, push of liquid, like, more of a liquidity event in the dollar.
1:07:38
And then I think the dollar just goes on a long term hiatus to the downside. And so, yeah, it's exactly what Andy said.
1:07:46
I think that you, if you put all the pieces together, you can get a pretty good puzzle on your desk of what you should be doing.
1:07:53
And for me, that, that, that, predominantly for me, it's kryptos, and the only reason it's kryptos is because I have a little bit more of a risk tolerance, and in a risk tolerance environment, what I want is I want high volatility. I want fast volatility.
1:08:12
You know, we had, we just took profits on one of our trades.
1:08:15
We've been holding for almost a year Andy, And then that in that profit center, I mean, for me, personally, it was about a 21 X of my money.
1:08:24
But we had people here in this group. I mean, I had trouble getting e-mailed into me. They got a 70 X return.
1:08:30
In 20 17, I had probably 15 or 20 trades that year in the crypto market, where I was 100 plus acts on my money.
1:08:41
And so for me, I have always been a believer in precious metals, and I've just never been a big stacker of them. So, I've got a fair amount, and I don't think I need a tremendous amount more. But I've told people, as we take profits, this is the same thing you just said earlier. As we take profits in crypto, and you're looking for a place. So I'm a believer of, when you make a big profit and crypto, you get it out of crypto, or you're just going to give it back. So where are you going to put it?
1:09:08
Well, a portion of it, I've told them, needs to go and precious metals so that your wealth can be stored in something that says long term as precious metals are. So I think that, you know, through the time here, you're gonna, you're gonna be a very busy man with this group here, and that excites me.
1:09:23
Because I think that you're, your information, your knowledge, your, your, obviously, your reputation that goes ahead of you, is all in place, So thank you. Thank you so much for that.
1:09:32
I have one more question, then we have a guy here that, uh, that actually serves our group on a huge level, so I'm going to let him ask his question. First. He's, he's actually a moderator here.
1:09:43
So after I ask my last question, I'm gonna let him go and then we'll open it up to the crowd and see if anybody's got any really good questions for you and we'll try out the heat required for too long. If you run out of time, you just tell us. Hey, guys, I'm out of time.
1:09:57
Perfect.
1:09:58
So my last question was this, um, it revolves around the premium, so I want to throw out a speculative notion that I kind of see in my head, and then you tell me, are you on track or, or, you know, maybe maybe it looks more like this. So we'll go again, a preface towards speculative.
1:10:21
So you know, let's just say today, you you and I had a conversation last week and you you expressed to me and shared with me that.
1:10:29
you know right now the the the premium has come down because things are kind of quiet volatilities down. But if all of a sudden the price drops, everybody's gonna rush into by the premium is gonna go up.
1:10:42
And so, let's look at that down the road, and you and I were talking about, you know, if you pay a bit of a premium, now, you kinda get it back on the other side. So let's, let's look at that a little bit closer.
1:10:54
First thing I want to ask you, and then I'll just proceed with my thought, So give me kind of a yes or no question, yes, or no answer if you can.
1:11:03
If we see $600,000 silver ounce price, the if the premium today is, you know, during high volatility 12, $13.
1:11:15
Is it safe to say that down the road, if you're seeing those big, not bigger numbers, and yet, again, you still have less access to inventory, that you could see $3300 premium, And is that is that even possible, like a thousand dollar silver level?
1:11:36
You know, I guess it's, it's possible.
1:11:39
Premium is a function of supply and a function of demand.
1:11:47
In March, with 11 dollars and 80% silver.
1:11:52
You could not find an ounce of silver anywhere for under 20 bucks, which is a 50% premium.
1:11:59
So, you know, nearly anyway.
1:12:02
40% could you, excuse me, or 100% premium? Could, could you see that?
1:12:11
Yeah, sure.
1:12:12
Depending upon how high the price goes, but, no, I guess it, when we're talking dollar terms, what's it worth? I don't know. I don't know how high the premium goes.
1:12:24
But I will tell you that it will only go higher because you're dealing with.
1:12:29
But, let me try to rephrase it this way to give you an idea of how high it could go.
1:12:34
The Ohio Police and Fire Pension Fund couple of weeks ago put 5% of there, 800 or 5% of their $16 billion pensioned on into gold.
1:12:52
That's 5% dollars.
1:12:56
That is more than the entire open interest, I'm Nicole Max market right now in gold, meaning open contracts.
1:13:04
If they would have put that into physical metal instead of probably GLD ETF, there'd be nothing left for everyone else. Overnight, it would dry things up so fast. It's crazy and you're talking weeks before the market catch back up.
1:13:22
That's how this market truly, it's now that's only 5% which amounts to almost a rounding error.
1:13:30
You look at Warren Buffett twitting 2.5% Berkshire Hathaway into American bear the largest mining company on the planet that amounts to a rounding error.
1:13:47
But when you see these big institutions, these hedge funds and billionaire investors start to put money into gold and silver, it should tell you where are these prices are going You start to see that level of wealth jumped in.
1:14:09
The premiums will go higher than anyone thinks possible because it will just immediately dry up all the supply.
1:14:15
There's not enough supply to handle the influx.
1:14:21
It is said that, right now, the average exposure to a precious metals portfolio from an American investor is one half of 1% across the board.
1:14:37
The 30 year mean is 2.5%.
1:14:44
If we just saw revision to the mean as prices move higher, that's a five fold increase and demand for precious metals at a time when the infrastructure really can't handle that.
1:14:56
You'll see premiums go higher than anyone thinks possible, just to revision to the mean.
1:15:01
And when you see guys like Stanley Druckenmiller and Warren Buffett, and the Ohio Police and Fire Pension, start to dip a toe into the water, it's coming.
1:15:13
And so those premiums will go higher than people think possible, as will the prices as you get more of a demand from very influential people like Warren Buffett and Stanley Druckenmiller, and institutions like the Ohio Police and Fire Unions.
1:15:31
So, wow!
1:15:32
I think I'll go higher than people think possible, so let me get to my speculation and then you can speak on this. And we'll go to these other questions.
1:15:39
So here's my speculation, my speculation is when we see A, Uh, let's don't even think about the fact that I've been told, we're going to see $10000 on Silver, right alongside of gold. Let's just talk about, you know, a thousand bucks, Let's talk about $1500 or something like that.
1:15:56
And maybe at that times, maybe at that time, there's a, there's a client here in the, in the listener base that says, you know, That's enough for me about my silver way back here.
1:16:05
And I won out.
1:16:07
And they come to Andy, and they want to sell, they're silver.
1:16:12
Let's just assume for a moment in time, that maybe at that time inventory is like next to nil at this point and these businesses change, just not, it's not now filling your shelf full of inventory to sell to people. It's more connecting a buyer to seller together because that is your inventory. People selling today goes to the people buying today. And let's just say for example, the premiums $100 as an example.
1:16:37
If, if that's the case, or is the client that you're taking in to sell their silver, are they going to be able to participate in that premium? Or does all that premium go into an entity?
1:16:50
No **** no, yeah, we, all of that, you.
1:16:54
almost all that premium goes back to the client in March width.
1:17:03
Silver Eagle being $20, with 11 dollars and 80%, Silver, I would have paid someone's selling, those same coins, probably $19. So, the majority of all the premium goes back to the client.
1:17:18
We guarantee the highest bid price in the country.
1:17:21
For that reason, That's exactly why I asked you that question. I want you guys, to understand, there are a lot of advantages we've talked about here today.
1:17:30
With Andy, from the bonding, from the insurer to six billion, no regulatory problems. Nobody has ever complained.
1:17:37
So his reputation is spotless, right?
1:17:40
But, but I also want you guys to know, at the end of the day, being the speculative people that you are, it comes down to also, can we get all those things and show me the money, too?
1:17:53
And, Andy just pointed out to you, that, that, I believe this wholeheartedly a lot of people here, they go online, they found a Boolean bill, or they order. They actually bought two monster boxes two years ago, all for somebody that, you know, they still had it in the box. They opened it, you know, to make sure that there was actually silver in there, but it came from the mount, and then you had the had the mailing attachments on it and all that. So you could see where it came from, and it was just an online dealer.
1:18:22
You're going to be, in my opinion, you're going to be very hard pressed when you come to sell your silver to match what Andy just said to you, so I'm pointing out to you, when you say, Show me the money, as, well as, Show me the reputation.
1:18:36
Andy's got both and I'm very impressed by that. So, that was my question. Can I actually object here, for a second?
1:18:43
This is rich, Please.
1:18:46
I can just attest to that, because it was probably just, you know, in the last few months that I've sent packages to Andy, to liquidate some of my gold holdings to increase my crypto portfolio.
1:19:03
Though I wanted to sort of do some re-allocation, Um, absolutely, shared in that premium.
1:19:10
I can, I can tell you that that's, I appreciate you saying that, rich. and there are times when those premiums are accentuated.
1:19:18
And times when they're not.
1:19:20
And it's pretty easy thing to checkout.
1:19:24
It's a pretty easy thing to make sure you're getting treated fairly.
1:19:28
I've learned all along that being penny wise and pound foolish or short-sighted is not the key to success.
1:19:36
The only way your business perpetuates And to get, no, this is business perpetuation. That the amount of goodwill.
1:19:45
But that that I have accumulated luckily with Rich, what goes around comes around and you can see that and I've always known that And so we're not short-sighted.
1:19:57
I would, if my clients don't succeed, we don't succeed. And this is proof positive of that.
1:20:03
So, yeah, we will always guarantee what amounts to the highest bid price in America, if.
1:20:11
If product was purchased from us, there's no commission charged. If product was not purchase from us, it's a minuscule commission.
1:20:20
And one that even steelworks 9.5 times out of 10 beat everyone in the industry.
1:20:27
Yeah, and I will just say, you know, ceilings are never a struggle.
1:20:32
You know, there's a couple other things I just wanted to touch on as it relates to andi's.
1:20:38
Know he's been helpful in in things like you know ...
1:20:43
back years ago when you know I might have been underwater on some pricing on some product, you know, we were able to sell, you know, for tax advantage where, you know, I had some paper you know, some paper losses.
1:20:57
Or, I could no cell, summoned rebuy it, a couple of weeks, but we didn't know it could be shelved, however, and, you know, he's able to help you with whatever particular problem you're trying to solve or if I found myself at one point, wanting to take some gold and increase.
1:21:17
the silver holdings.
1:21:18
Because the ratio between the two is sort of out of whack, like you have seen before. He was able to, you know, do transactions to balance my portfolio, if you will. So there's just so many things that he's been able to help with.
1:21:35
Storage issues, tax issues, balancing portfolios, and the transactions for me to be able to, as I say, take some and do more crypto with it.
1:21:48
And it was just easy, and I'm really here, because I'm frankly just grateful to both these people.
1:21:56
I mean, Andy's been a long relationship with having me be more than uncomfortable in mind.
1:22:02
Bulk of my holdings and wealth.
1:22:05
And Jay, you know, we talked about how years ago I was into Kryptos, right.
1:22:14
Figured out enough to get probably some of the top four coins that it remained on the top.
1:22:21
But I didn't do anything with them, because, No, I just didn't have the abilities or technologies or relationships are.
1:22:29
Or whatever, and Jay has helped me do what I really wished I could have done years ago.
1:22:36
And, we've talked by just simple Hotaling for all these years. I'm in a great position, but, at the same time, I've left a lot on the table.
1:22:46
I haven't, frankly, enjoyed the game and the, I love the numbers, I love the activity, and I had expanded my crypto portfolio to, you know, maybe 20 different coins, which I never would have dreamed possible or had the ability without having met Jay.
1:23:07
And I've seen that improve and my, my balances and just, my whole position is so much stronger.
1:23:15
And crypto as well. So, between these two people, they made my life better, and when I was able to put them both together in spring.
1:23:24
Something positive to, know to the listening base on Jess.
1:23:31
Happy to be able to do that. And that's what really brings me here today is gratitude to both.
1:23:37
both spectacular in their own ways and I thank you.
1:23:42
I appreciate you saying that very much Rich.
1:23:45
And I'd like to just make mention of one thing Rich, I've never, I think you will attest to this. I've never ever called to solicit your business.
1:23:55
Our business is not about solicitation. It's about respecting privacy.
1:24:02
Precious metals and Swiss francs should be right alongside in the dictionary.
1:24:08
The word privacy and and if you own cryptocurrency, then you understand that we are all about privacy and respecting that we will be here when you need us.
1:24:20
Accessibility is very important to me, but so, too, is respecting people's privacy.
1:24:27
You'll never get a phone call from me, and if you do rich, you'll know it's **** important.
1:24:32
Yeah, do that, or I'll be checking to see how they're doing, and how you know your wife's health is, and all these issues?
1:24:38
And, it's just a different relationship, Hey, you do business suits, and just a fabulous way. And if I see that phone ring, that's a call I would take instantly.
1:24:51
I do appreciate that very, very kindly.
1:24:53
I'm certainly happy Jay to, again, very appreciative to be here, but I have time. If you have any other questions, I'm happy to take them.
1:25:03
Yeah, I don't want to take all the space here. I'm gonna turn it over to George. George is, is a partner of mine.
1:25:08
He's, become one of my very best friends. He's also always kinda lurking in the background to fixing a technical issue. He comes from a long background with Apple and Microsoft, and is helping, I can't tell you how many hundreds of people in the crypto space with their technical difficulty, It's not quite as easy as just buying a coin and putting it away.
1:25:29
You know, so he's, he's that guy. And now I'm gonna turn it over, he has a question, then we'll just look at, there's a couple of questions in the group. The last comment I will make is something I asked Andy a week ago.
1:25:39
I said, Andy, can you sell precious metals to a trust? Is there any KYC that was she doing this? And he said, he said we can sell it to whatever you want to sell to.
1:25:50
So guys, just keep that in the back of your minds. It's a nice thing to know. It's good for privacy.
1:25:55
George, the floor is yours. Buddy, Ask your question, and then we'll take a couple other ones.
1:26:00
Thank you, Jay, Andy, Big fan, longtime. I don't know, When I started listening to you, and, and actually it started with Andy Hoffman, way back in the day. Over a decade ago. I couldn't even put a finger on it, and when, when Rich said miles Franklin, I was like, Wait, it's that, Andy.
1:26:21
So, it's great to hear really kinda a little bit deeper details on what's going on because one of the questions that I had was back in the day when I hadn't been accumulating or was a kid I always felt uncomfortable buying from someone online.
1:26:44
Number one, there was the trust factor, and we're talking, you know, in 2006 timeframe. And there was also like, what kinds of records are being kept. And so, you know, it was easy for me to go down to my local point guy and say, here's some cash, and I want some silver in place, and, you know, I could walk away when he really didn't know who I was. And so, you know, if you want to share a little bit about, you know, what type of records are kept on your your customers, and are those shared with other groups.
1:27:18
So precious metals is the last real private endeavor.
1:27:30
There is virtually no KYC, uh, regiment or regulations whatsoever.
1:27:44
If red flags, where to come up.
1:27:49
We are, for example, if I were to get a call from someone calling me from Bahrain or the United Arab Emirates, let's say.
1:27:59
And wanted to, no, was asking me all strange questions and wanted to place an order.
1:28:06
That didn't seem right, we're supposed to market as a flagged Transaction.
1:28:16
And, but those things don't happen when a normal person calls to buy precious metals.
1:28:25
An account is, is created.
1:28:29
It's for internal purposes only.
1:28:31
And there is no, or there are no get to know your client forms. There is no paperwork to fill out.
1:28:40
It's as private as can be, uh, we have no obligation to share that information with anybody.
1:28:50
If a check or a wire or ...
1:28:53
is used to pay, that's it. That's where the reporting ends. The loss of privacy in and of itself is paying for it.
1:29:02
After that, it's invisible and we have no obligation to provide information to any third party entity whatsoever.
1:29:12
So, know, as as private as it can be, then, it's totally, totally private, if that makes sense, Totally does, so, that's, that is great to hear.
1:29:25
And I think that's it, So we can go on to online questions.
1:29:30
Yeah. Well, so I'm gonna run through these quickly. A couple of them.
1:29:33
I think, you guys just answered, so several people were asking about, you know, How private is it? You know, Are you turning these records over to the IRS? Here's one specifically That they've put a little language in here, I don't understand. I'm sure you will, Andy.
1:29:48
The question is when I buy A G E S and A S E S from you.
1:29:53
What are the amounts above which you as seller are required to report my purchase? To the tax authorities? Do you as sellers have no such reporting requirements for my purchase of AGS and ASCS no matter how much I buy? Thank you?
1:30:10
Is asking American gold Eagles an American soldier? Eagles know we have none whatsoever as long as there is there is no reporting requirements at all.
1:30:20
OK, and here's another one from Igor. He says, Hi and a lot of people in gold and silver interesting area follow and trust highly recommending you. and your company unfortunately. I acquired my gold and silver investments prior to hearing about you and your company. My question is: Would you be willing to discuss my investments and advise if I should liquidate some of them? And move to other forms of owning Gold and silver?
1:30:46
Sure. Absolutely.
1:30:47
Or yeah, we, we realize that, that we can't expect to do business with everyone and there are people who understand metals and have already acquired them.
1:31:00
We keep somewhat of a low profile.
1:31:03
I mean, we've done $6 billion in sales, But we're not out there like some of the online companies. It's easy to find me.
1:31:10
You type in my name, I've got 90 interviews since the beginning of the year, I'm everywhere on YouTube.
1:31:19
We keep a little bit more of a low profile. So the answer is yes.
1:31:22
I would be more than happy to answer questions, to buy, to sell, to, trade whatever, to help store metal that you already own, whatever it is. It doesn't have to always be accumulated from us. No way. And that's exactly how I came to you and I had my portfolio.
1:31:37
And, you kind of fixed it.
1:31:42
Well, I appreciate that.
1:31:43
Absolutely, that's great.
1:31:46
Um, here's another great question of I'm pretty sure this person is talking about like Facility Holdings or like, you know, vaulting service and what they're saying is for those holding physical gold and silver, where do you recommend storing your holdings and how safe are those facilities?
1:32:03
Well, we have some worldwide exclusive that had been granted to us by Brinks.
1:32:11
So, we have six facilities with breaks, and that no one else has D structure that we have, period. The breaks we negotiated with brings to very interesting things.
1:32:29
So, first of all, we have facilities in Montreal, Toronto, and Vancouver. We also now have facilities at JFK Airport.
1:32:42
Los Angeles and Salt Lake City.
1:32:45
The first thing that is unique about our breaks program is that we have the only fixed rate structure that they've offered anyone in their global services chain across the globe.
1:32:57
Meaning, everyone else in this industry is charged on a percentage of asset value, and the reason is, is that the largest cost component, other than brick and mortar, is insurance.
1:33:13
If what you're insuring is going way up, so too does is the cost to insure it.
1:33:20
So, uh, we negotiated a fixed rate, and they gave it to us and nobody else.
1:33:28
And right now, it really is accentuated because, like, for example, with every other storage facility around your, if you owned a million dollars worth of silver, you know, that silver is now worth a million dollars.
1:33:43
six since March, you would have increased your storage fee by that amount proportionately.
1:33:52
With us, it stays the same, because, it's fixed, in the price of gold, and silver is moving down, a fixed rate programs, not so great.
1:34:00
When it's moving up, there's nothing like it. And as it is right now, we can beat all of the competitors, all of them.
1:34:09
At our normal rate charged, and the price continues to move higher, we stay the same. Everyone else, m.o.o.c.s are proportionately, so we have a fixed rate.
1:34:17
We also have the only safe deposit box program in North America that is fully insured outside of a bank.
1:34:23
And that is in Toronto, and Vancouver.
1:34:26
We have a brand new, state-of-the-art one key box's not the two key system that most people are used to where you put a kid a banker or what have you put a key in at the same time the box opens.
1:34:39
These are one key box is where the depositor holds the only key and the only spare product storage fully insured in Toronto or Vancouver. If you're not able to make it up to the box, to make additions or subtractions, we send you a FedEx air bill.
1:34:55
Because, right to the facility, these are non reportable, whatsoever to the federal government, 100% legally invisible, fully insured and fixed rate. We have some really amazing programs with breaks.
1:35:08
So the bottom line is is that if you get to a point where holding it at home keeps you up at night for whatever reason, and yeah, we have some fantastic programs With brinks, we also have a mazing relationship with the Dakota Depository in Fargo, North Dakota, which, from a standpoint here in the United States, is as far off the grid as you'll ever get.
1:35:32
That's a level three military grade Vault where I keep $40 million worth of inventory and have five people running my logistics every day.
1:35:41
Zehr.
1:35:42
So, whether it be Dakota or any of our brinks facilities, these are places third party independent from Miles Franklin with full insurance by Lloyd's of London and uh, safeguards and and security implementations second to none that that I would recommend in a heartbeat.
1:36:03
Candy people, do you still do the, when I use that you also did your own inventories periodically?
1:36:11
Absolutely, for sure, still do that.
1:36:14
Yeah, absolutely, 100%, because I know your your staff is going up and making sure and sending quarterly report to, you know, what do we do? I've taken part in every one of those audits.
1:36:29
We do third party auditing in the normal storage account is not safe deposit box because they are sealed. You hold the only key, But in all of our other normal storage programs in Montreal, Vancouver, Toronto, we do semi-annual audits.
1:36:44
We haven't been able to get up there for our last audit, but we still send Inspectorate their Canadian company.
1:36:51
They, they work with Royal Canadian Mint. They went in there with brakes, and audited everything without us this time, because we can't get across the border.
1:37:00
But it was still audited, and certificates are now being sent out as we speak. So yes, we have safeguards in place. We have third Party Auditing in place. And we have exclusives with brinks in the Safe Deposit Box program.
1:37:15
And in the rate structure that you can't find anywhere else, that was excellent. Thank you, hey, Rich, this next question is for you. I'm gonna let you answer it. I know the answer, but I know that you're also a Monster Whale and the metal space. So this person is asking, how much would a monster bots being of silver and gold?
1:37:36
It's got 500 down coins in it.
1:37:39
So it's 500, 500 ounces, 500 ounces.
1:37:43
On both, it's the same, more expensive on gold. I don't have gold monster boxes. I don't even know if they may be familiar with to silver.
1:37:54
They do anything, anything that comes out of the US.
1:37:57
Mint anything by enlarge, unless it's special edition, that is in a box of 500 ounces. So whether it be a one-time found score legal, there'd be 5000 of them.
1:38:10
In that box, or one ounce gold legal, 500 and a red box, the black boxes can bounce the same thing and quarter ounce and have found to be a thousand coins in the half ounce, etcetera.
1:38:21
So you end up with absolutely 500 ounces per box, but when you start talking to ... goal that has to be delivered by breaks.
1:38:32
Yes, 500 ounces. In a Silverman box weighs £42.
1:38:36
And my, my personal experience is 20, 20 ounce, 20 coin tubes of gold eagles.
1:38:44
That's what my inventory comprises.
1:38:47
If you had a monster box ago legals there'd be 25 of those tubes. That's exactly correct.
1:38:55
OK, so this person's saying You know, I asked the question earlier and I said it was lingo out at one from what they're saying.
1:39:02
Please note, my above question is specific to purchase of a GIS and ASCS not to purchase of other forms of physical gold and silver? I'm not sure what he's talking about.
1:39:18
Well, you'll see. just saying, just specifically, if he's purchasing the physical form as our design.
1:39:25
I think he might just be asking, Are there specific man, gold and silver eagles? There are no dealer reporting requirements by RSL American Golden Eagles.
1:39:35
Yeah. Only time that I would have to report something as if they paid with actual $100 bills, inaccurate and NASA, in excess of $10000 and that's a form 8300.
1:39:48
But, in terms of a wire or ..., you could spend 20 million bucks and bald eagles and silver eagles. And that's invisible transaction as far as I'm concerned.
1:39:58
Yeah, so this person, I'm gonna mention their question, but I'm gonna kinda answer it, unless Andy has, somebody wants to add, they say, How do you determine if a product is safe?
1:40:08
Certainly, like anything, I always recommend people to do your own research, right, But what I've brought you today is the best.
1:40:16
OK. He just said to you, We have agreements. No one else has, We have a set rate does not gonna raise. We have this, we have that. And so, yeah, you can do your research and if you want to go try to find a better place, that's fine. But, you know, just like I brought you guys, Caleb and Brown, and they're the best. I mean just yesterday gauss did you see how many wallets for Neo were closed?
1:40:41
Here, neo's at a high, and the retail public can't get in and out.
1:40:45
By and large, guess what Caleb and Brown can get you in and out. Because you know what they are. They're an institution and when the front door opens, the backdoor wasn't when the front door closes to the retail public. The back door is still open to the institutions and people still compliant and go, Yeah, the game of the brown charges an extra percent that have an. I don't want to pay that.
1:41:05
Well, OK, you just sit there and watch the price go down by five dollars, and you just paid how many points was that, that you lost.
1:41:13
So, know, I've tried to bring you what I feel like is the best, and I think that If you've listened to Andy: today, you've Absolutely, You're connected now to the best. And Andy will talk to you on the phone. I'm gonna make a recommendation. We have kind of a banner here, Andy called The pinch team. It stands for Big income, no job.
1:41:33
And the bench team, I'm gonna read them, make a recommendation to you guys.
1:41:37
Andy is as busy, like I said yesterday of a cat in a room full of rocking chairs, So don't call him just to Joel Jack but if you've got some business, you've got a portfolio you want to discuss. And I don't call him up just to ask simple questions. You can find out other places.
1:41:51
But if you've got some business you want to do, he's an easily findable guy. He's willing to talk to you on the phone. He will e-mail with you all the above.
1:42:01
We're gonna give all that information right here in this, in this webinar before we get done. So let's just move to the next question. Did, did, you didn't want to add anything to that agenda?
1:42:11
Well, I guess, the only thing I'll say is that, to me, the brinks is Coca Cola, or the Cadillac of Storage, and the Dakota Depository from a third party facility. I feel as comfortable with, as ...
1:42:29
bottom line, is, any storage facility, that's not directly part of a precious metals company, is, is a good choice.
1:42:39
And you know, I've chosen to, too, really work closely with brakes because in the 30 years I've done this, I've never even pretend second spin.
1:42:51
Anything button pressed with with brings they are the pre-eminent name in the industry and so that's why I choose them.
1:42:59
But as a caveat to all of this, people are always best served to hold it themselves unless they feel uneasy about it and you can put $100,000 worth of gold in a lady's purse, and, and she could go walkabout town.
1:43:16
And go out to two bar, walk back home and not even have a sore shoulder.
1:43:22
But $100,000 worth of silver is going to be £400.
1:43:27
And it gets to a point where it may be it may be too much.
1:43:33
Logistically when you get to that point working with a good facility is very important. So important not to be penny wise and pound foolish.
1:43:41
And Bronx to me, is as good as it gets that that's why I've chosen to to work with them because I don't ever have to worry about anything be stolen or impropriety or or just anything that isn't completely and totally aboveboard.
1:43:57
And Andy is Delaware Depository. Is that a totally different animal, or is that basically just a competitor of bricks?
1:44:05
I'm going to say something, and I have no vested interest in this whatsoever, but in the 30 years I own this company, they're the worst company I've ever worked with, period, Hands down, not even close.
1:44:17
And I would never recommend anyone store their stuff there, and I can cite you two pretty significant examples.
1:44:28
The, if it's not in an IRA, I guess it's better because they'll segregate it, but they do not segregate IRA Metal.
1:44:39
And I've had two clients that have been horribly, mistreated by them in their IRA programs.
1:44:46
The IRA metal. And I would, as a result, never, ever, ever work with them again, ever. I've told them such.
1:44:54
So, I have no reason to say that.
1:44:57
I, the, the British program is ours. Do store Dakota Depository, but I say this subjectively.
1:45:07
And if, if there are good things to be said about competitors or against people in the industry, corollary, people in the industry, I'll tell you, but they have not earned my respect nor my trust, and I would never work with them again, ever.
1:45:22
Well, I kinda set you up for that one, because that's how I feel, too.
1:45:25
This same person was also asking, and I guess I don't want to miss that for them. They were also asked him, what do you recommend, you know, are there some things you recommend if you do want to store obviously off site like someone trying to store for themselves as or any kind of like other than the obvious. Is there something that you would recommend?
1:45:45
Well, you could.
1:45:46
If you're going to store it and you're in your home, I would recommend to save program where you get one safe and put it where someone would find it. If they came into your home and threatened your family.
1:46:02
In that, say if you have enough product and cash to appease, any would be gog little gun safes that you can buy at any handgun store. You can they always have two bolts in the back of him. You can affixed to a stud.
1:46:16
Put that in your attic under the insulation with a half a million dollars worth of gold in an easily, or more on.
1:46:23
The point of it is that if you're gonna keep it at home, use a little thought, you could go to Home Depot and buy empty one gallon or five gallon paint cans splash some paint on the outside of it.
1:46:35
Fill it with gold and put it in the basement with your other half empty paint. Can't see it could become a midnight gardener. Put it in the backyard and the whole two feet deep.
1:46:43
The point of it is, is that, you know, just use a little bit of, of thought when you're putting it away. And, and removal of counterparty risk is great.
1:46:54
It does always have the risk of theft, and so if you keep that as your central focus, you can be pretty creative in storing your metal and, uh, I look at that as as an easy problem for most people.
1:47:08
If you live in an apartment in Manhattan, it may be different, but if you live in a home with her basement in a backyard and an attic, you know, in a little bit of time, you can get pretty creative.
1:47:19
You can even open up some, pizza your wall, in your closet, Put a safe in there, Put the gold in there.
1:47:29
Uh, put the Cloud via, you know, the the wall back together with little mud and tape and paint and it's sealed up in your wall and, you know. So you have the ability to get creative if you do that. Yeah. I would definitely think holding it is the best way to do it.
1:47:46
That's beautiful. This is a question I would love to have. if I was Andy on a forum like this, this, this gentlemen, his name is John, I know him, personally. He says, What is the wait time to purchase and obtain, for example, one million in US. Silver Eagles? What is the process to set up an account with you by my Holding Company, LLC?
1:48:10
So, I probably have pretty close to that amount in stock.
1:48:14
Um, I have fixed, I have made it very clear to my operations department to go deep into our line of credit as deep as can be and buy everything that's not nailed down heading into the election.
1:48:29
Um, and in March, I have a friend named Chris Martenson.
1:48:36
Chris Martenson is the purveyor of Peak Prosperity is a **** of an economist but he's even a better pathologist, an epidemiologist, and he alerted me to covert in December that what was coming from China, no matter what it was real and to do something about it, and I loaded up on product. And I was one of the only companies in America to do it.
1:48:59
And people were asked me, how do you have product carry a product when everyone was out of it.
1:49:03
I have done that in spades right now.
1:49:07
I have the best inventory I've had all year in anticipation of the trailing edge of the storm, which I think is coming. I think we're in the eye of the hurricane right now.
1:49:19
So, I have plenty of product, and probably could do a million bucks with the silver eagle's right now.
1:49:24
Um, the setting up of the account is, I mean, if you're taking possession of it.
1:49:31
There is no setting up, you pay for it through your LLC, I don't care if you're storing it than our precious metals websites through Brags, there are two of them.
1:49:42
one is, precious, metal, storage dot net at singular, precious metal storage dot net, where you would find A You could download cozily agreement, and the other is private, safe deposit boxes, dot net, safe deposit, boxes dot net, That's precious, metal storage.
1:50:07
Yeah, that's P, R, E, C.
1:50:10
Should be, maybe you have to put the WWW, I don't know, but it's precious metal storage dot net and Private Safe deposit boxes dot net, and those two probe, those two websites would allow you to download the custody agreements.
1:50:28
Um, that's it.
1:50:31
But the silver eagle's I have in stock probably could do the whole thing immediately.
1:50:36
There you go. That's a great answer. And by the way, I think you'll be getting more of those requests from this group.
1:50:43
If not just right now, like this one, but also, as we move through the end of this year. Some, I mean, there's some folks here with some unbelievably large holdings in crypto that are gonna go 10, 20, 30 X in the very near future, and already we've taken some of those this year. So I think you'll be seeing a lot of that, Andy, and that excites me for you. I want you to have that business. I think the guy who's earned it, for sure.
1:51:08
I've kept the possessions on a couple of these questions, I am skipping.
1:51:15
It says here, did Andy say, he has Safety Key Boxes at ...?
1:51:21
I'm looking for private storage.
1:51:23
So our Safe Deposit Box program, on that side of the country would be, in Vancouver, I have a brinks, segregated audited program at it, not an LA X, it's in Los Angeles.
1:51:37
It's at the other one's JFK, but our Safe Deposit Box programs are in Canada, not in the United States OK. Here's a great question. Does anyone out there have credit cards to be able to spend your gold?
1:51:52
Yeah, we don't. There is gold money, dot com, that does.
1:51:59
I know the Fellows are called money and they tell me that they issued tons of those credit cards and never use them because no one ever sells their gold.
1:52:07
Creating a taxable event too.
1:52:11
Bye.
1:52:12
day-to-day things, to me, is kind of runs opposite of why we own gold and silver.
1:52:20
You can, there are places that do it, But to me with gold and silver, you want that to be.
1:52:29
Off the grid and you don't want anyone knowing that you own, it, let alone taxable events and using it too.
1:52:37
Fund year your, your credit cards.
1:52:40
So they tell me that they've issued lots of them, but no one ever uses them.
1:52:46
Rarely.
1:52:48
Yeah I think it would be silly to keep buying your gas with something that's planning to go up and it's supposed to be your hedging tool yana or maybe I want to pass pass wealth along to another generation and I like like rich measurements.
1:53:03
I Think the same thing by the way, about Bitcoin.
1:53:05
The only time I would make a purchase of my cryptocurrency, is at the top of a major run?
1:53:11
Because now you're, you're, you're maximizing You know, if you take a look at Bitcoin Bitcoin, And the last bull market went up 100 X at the top of 100 X when you tether off at that valuepoint.
1:53:25
To me it's OK to make a purchase because you know bitcoin drops 80% every time it finishes a bull market.
1:53:30
It drops 83, 84% historically four different times in a row.
1:53:35
So, otherwise, I'm not big on taking something like, for example, litecoin and buying gas with it today because litecoin will be, you know, three, $4000 in a couple of years. Um, Let's see here. Here's one. I'm going to condense the question. This person is asking about the charting of silver. They're wondering, Is there any charts out there and that you know of that include the premium?
1:53:58
No, the chart.
1:54:01
No, no, no, no. No, no really answered, guys. That is all the questions that are here. If anybody has a last-minute question, while we wrap up, we'll wait a second for that, But I just have to say, first of all, thank you.
1:54:13
On you definitely have my business. I actually want to have a couple more when things slow down, a little bit more conversations with you. I have some ideas, some things we might have put together where I could connect the dots between you and maybe a few people you don't know.
1:54:29
Um, and then also, I just want to say a huge thank you to Rich for introducing me to Andy and also for, for the friendship piano.
1:54:37
I've become fast friends over the last short little while, and he has certainly earned my trust as a friend in a very short period of time. And that's a hard thing to do. I've got enough knife wounds in my back that I don't make friends very easily.
1:54:50
So if he, if he tells me, and he's a friend of his and who he would do, only person to do business with He's the same person for me, so thank you, Andy, for comment. There are let's see if this was a couple more questions.
1:55:03
Ah, need to go area, OK, you don't need to put that out. Everyone's just saying thank you, I appreciate your time, so thank you for coming and spending some time on your Saturday with us, enrich. Thank you as well. Any closing comments for you to want to use fun?
1:55:20
Yeah, and just thanks to both of you from me personally.
1:55:24
Both been great additions to my life and my arms, my security.
1:55:32
Yeah, absolutely. I appreciate, First of all, Rich, you're awesome. You're a gentlemen.
1:55:38
I've always appreciated our dealings, and for some strange reason, you felt like you were a friend of mine long time ago, not just someone that, that I talked to on the phone, It was cool to get to hear a little bit more about that about you here, say, from a different perspective, And I have always been honored to help you and your family or your kids, and what have you, your mom, That, that is something I take very, very seriously.
1:56:04
I appreciate the opportunity to be here.
1:56:10
Tell me how to catch up with you, and tell them, I will throw out my cell phone number here to you all.
1:56:19
Not something I typically do, but for those of you that would like to talk with me personally, My cell phone number is (612) 290-2729 rings right To me, 612, 290, 2729.
1:56:36
My e-mail address is Andy at miles franklin dot com.
1:56:43
Accessibility really is very important to me.
1:56:46
And that is the tradeoff to not being an online store At the expense of my free time.
1:56:54
But it's really something I enjoy.
1:56:56
And As long as it's not two in the morning chance I'll answer I was just gonna say Andy mentioned your time zone, Because I think a lot of the group is from all over the globe.
1:57:08
Sure.
1:57:08
So I'm in Minneapolis, Minnesota, the Epicenter of stupidity and It is right now 11 0 AM here in Minneapolis, so I would caution people to call too early or too late, but text message and e-mail I'll certainly always respond, and accessibility is quite important.
1:57:27
Millimeter speaking of all over the globe, ritch folks here, there are here, folks here from Canada, and from all over, I mean, Australia, you name it. Can they also make purchases with you, Andy?
1:57:40
Yeah, we ship all over the globe.
1:57:45
Shipping to Canada, as known from shipping to Australia, as long as it's called, is no problem. Silver can get to be pretty expensive shipping it by air. But yes, the answer is, yes.
1:57:56
We ship to Europe, too.
1:58:01
Japan, Australia, to Canada, shipping south of the border, is little challenging.
1:58:09
But for those people, we can provide storage solutions with brakes, so yes, people are more than welcome to reach out to me in any capacity, and we'll certainly see if we can work with them based upon their location, but usually it's not a problem.
1:58:23
So for anybody that wants to hang around, you can, Andy. again, Thank you. Thank you. 100 thank you's. You and I will be talking in the future. You're welcome to hang around as well. I'm gonna do a real quick charting. Rich, thank you, thank you, thank you. Very well.
1:58:36
I'm gonna do a real quick charting of Us see coming to Silver and gold And Then from there, if we we may go into just touch on the how that's going to affect the crypto as well.
1:58:49
Let me remove a couple of screens here, so I get back to my screen George. What are these guys seeing on the screen the charter silver?
1:58:56
Yeah, they are seeing the charter seller, OK, So guys, from here.
1:59:00
I only expect two things I Expect that macrovision on silver and gold is it's going up. So that's the long term big vision of both silver and gold.
1:59:12
What I'm going to do here on silver, you can also plot on gold, as well.
1:59:16
But, I think we only see basically two things: I see we I think we either complete A B C correction, that probably might come to this area on silver.
1:59:30
And, from that point forward, we just continue patterns like that over and over and over again.
1:59:36
Where we're going to just see impulsive moves in five way fashions and when those five waves are up, we do an ABC correction.
1:59:44
And we're basically into the macro ball of silver and gold um, so where that on that pullback right there I'm kind of expecting on the on the dollar index to see kind of a sharp rise. Maybe even a event that looks a lot like what we saw in March.
2:00:03
Um, I'm not going to pretend to think I know I don't know.
2:00:08
Nobody knows Um, but this is my best guess now if we don't get a full ABC Correction here I think we will also see the potential of it just getting very boring for the next 2 or 3 weeks.
2:00:24
And we probably create some type of, Um, Pattern, that looks about like this. Maybe it even tilts down a little, right?
2:00:34
Maybe we even get one that starts there, comes across here, then ends up down here and a declining wedge where it's just very, a very boring fall, you know, just kinda creeps down a little.
2:00:47
Then after that, just all you get is you get a break to the upside, OK. I think there's a lot of events taking place right now that can cause this.
2:00:57
And a little bit volatility, but you can already see how tight, if we blow this up here on the daily chart, you can already see how tight the price is getting even right here and boring, right? How tight and boring we're getting right there.
2:01:14
And we'll put the other one right here.
2:01:16
So it doesn't have to do a full ABC.
2:01:20
It doesn't have to come here here and here, that's actually where I'm leaning. I'm leaning toward that.
2:01:26
And that falls in line with why we've taken so many prophets lately, and some of our recent positions in crypto is because if we see this fall and we'll go to gold next just to show you the same thing.
2:01:37
If we see that fall in gold, that's going to be a great buying opportunity, in my opinion, on gold and silver, but also a great buying opportunity in the in the crypto space. You can see from our oscillators here that relative strength is very low on the trading side.
2:01:54
As price holds up in the top, our oscillators are oscillating down, but I think you're going to get a spill or the price and the oscillators will come down here and get oversold and that sets you up for the next rise, OK.
2:02:07
Same thing will happen in the price here, I think you're gonna see in the 17 hundreds, probably about right here.
2:02:14
We can even plot a box for that.
2:02:17
I actually think, ladies and gentlemen, that you're going to see this type of move in the next 14 days. Like you'll see, the beginning stages of this move, if not all of it.
2:02:29
In the next 14 days, I'm, I'm honestly expecting, I'm honestly expecting the bank index to absolutely collapse in the next seven days.
2:02:37
Probably, I think it's holding the 6900 area. I think you're going to see the banking index collapse to about 50%.
2:02:48
Let me tell you what also, I would think, from a macro perspective is going to really feel crypto as well as precious metals is any type of of bank bail in.
2:03:01
And I've told you guys for almost 24 months, that my most important sources that I have have been warning me and continue to warm me and say, get your money out of the bank. Get your money out of the bank.
2:03:15
And, of course, you know, this year, last year in September, a lot of new branch banking regulation came on And so, now when you're going into the bank, and you want to get money, you have to order it ahead of time. You have to, When you come in, they're going to make you uncomfortable by sambal, You know, what's your driver's license number?
2:03:32
And, what's your career? And when do you plan to retire? And they're asking you all these questions for anything over $3500 in cash.
2:03:41
So I've been making recommendations to you guys for quite some time, if you have a storehouse of cash to put yourself on a weekly paycheck just under that number and every week, go to the bank and get your cash. Right, just go get your cash. I mean, you're talking about up to about $14,000 a month, you can be pulling out.
2:04:02
I think that for me, if my reserve, if my reserve is let say for me, I like to have about two years worth of being able to live my life the well already live it. I like to have that in reserves.
2:04:19
The way that I set this up is half and cash, and half in the bank.
2:04:24
That's the way that I typically do it. Other than that, I wanted to end crypto, and I want it in precious metals. Now, I want to show you guys something that probably no one's paying attention to here.
2:04:34
I want to show you a correlation on this chart that I think you're going to appreciate. You see this fall.
2:04:41
This really hard spike down And then we came back up and we couldn't get back up. Now unfortunately we don't get a lot of volume.
2:04:49
We could probably look at the we might get some volume here.
2:04:54
As we came back up here you had huge volume and small candles telhami people are selling.
2:05:02
Here again, you have pretty good volume, very little movement in the price people selling. so the market to me is signaling a lot.
2:05:10
What we saw, in Bitcoin in 2000, I'm gonna roll over to that chart in just a minute.
2:05:17
But a lot what we saw in Bitcoin, I'm going to reverse that. Sorry.
2:05:23
Let's put it down here.
2:05:26
A lot about what we saw in Bitcoin.
2:05:30
I've totally screwed that up. Let's go. Let's go and do it this way.
2:05:35
Um.
2:05:38
There we go, That's what I want to show you, is this pattern here.
2:05:45
And We saw this, I'm going to show it to you right here on Bitcoin, this happened.
2:05:51
We were kind of getting the fake out. We'll go back over here.
2:05:58
Let me just take us back to here.
2:06:01
And slide the chart back.
2:06:04
All the way back.
2:06:05
Right here, here's the exact same pattern.
2:06:09
And it's a much bigger pattern, But the pattern's still is the same, OK, right, there's the pattern.
2:06:18
OK, and we had this huge spill common Bitcoin right there.
2:06:22
And it even had started to kind of fake people out here because we were making higher lows all the way across the bottom.
2:06:30
Right?
2:06:30
But here was the, here was the point. And here was the learning tip, you can look at this with Go, we'll see how it plays out Here, was the learning tip.
2:06:36
So here you get a lower, low, so you had this low, you didn't quite make a lower low, but you made a lower low here. And every time this came to either the same low or a lower low, it did not make a higher high.
2:06:51
It came down here, it made a higher, low, did not make a higher high.
2:06:56
Makes a higher, low did, not make a higher high. So, in essence, the market was signaling to us to be honest. That we should have been looking for this, and that was the learning tip.
2:07:08
You guys might remember, I did a very long video about this, back in 2019, when that happened, maybe it was 18, yeah, it was an 18, when that happened.
2:07:17
So now we go back to gold and look at the exact same thing.
2:07:21
And by the way, on the gold dip, I don't suspect we're going to see, We'll do this one since I'll put the pattern on there.
2:07:29
I don't suspect we're going to see much lower than, I would not get much lower than 1700, but, probably realistically, about 17, 50, And you can kind of do the math on that, just by taking the amount that's in the chart pattern, and duplicating it down here.
2:07:47
But, in reality, all we're really looking at, if we do the monthly chart, and a lot of people, by the way, you might notice that the, we had a false break out.
2:07:58
We had a false breakout in the S&P.
2:08:00
We had a false break out in bitcoin.
2:08:02
We had a false breakout in, um, if thorium.
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One Response
How come no comments?
Im investigating the metals more. I know J has mentioned platinum .
Someone from another co , is contacting me. This post is almost : 2 years old. Relistening now.
I know people have been referred to this interview several times over the last few months in AMA’s
I need to confirm that my memory is correct that this guy (company) is highly recommended if taking metals.
I wont have a giant pile of money when I’m out. Even more reason to protect it.
I am on disability for serious health issue i no longer have active employer sponsored plan for investment.
Maybe putting 5-10% in metals would be an idea. Let me finish this interview again. We will be converting a life term policy to IBC that we started end of 2020 to get in in case the rules changed over C vid
Thanks J an G the wealth of topics and knowledge i have been rxposed to is phenomenal!!!