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Americans Will REJECT a CBDC & Update on Gold Companies Scamming Patriots · Man in America Podcast

• 1:33
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Holhouse. So today's show is an economic update with doctor Kirk Elliott, but actually, we've got some positive news. There's actually been a some recent information has come out about the central bank digital currency that look. It's not just like the doom and gloom, like it's coming and, you know, you hide under your bed.
• 1:54
  But actually, there's been some positive news about people resisting the central bank digital currency, which really gives me a lot more hope and and strength in my belief that they will fail at the end of the day that they will fail in rolling out this mark of the beast system. We're also though going to be doing an update. So if you saw last week's show, which is about these popular gold companies like ripping off conservatives, which is just sickening, we're gonna do an update on that because after that show, Kirk had like over a dozen people reach out to him, saying like, look, can you please help me? And unfortunately, he's got the story of one woman, I'm not even kidding, like this woman who bought from one these gold companies that you see on a lot of the big name podcasts, you'll see this gold company and gold right now is say what $2,000 an ounce, you know, give or take. This lady, she bought a small thing of gold was charged at the value of over $70,000 per ounce of gold.
• 2:54
  And I'm not kidding. Like, that's what we're seeing. So anyway, we've got some good information, a lot of good tips just that it can help protect yourselves and and so much more. So folks enjoy this interview with Doctor. Kirk Elliott.
• 3:08
  Kirk, man, it is great to have you back on the show as always.
• 3:13
  Speaker 2: Oh, it's so great to be with you. I hope you had an amazing weekend. We did. So we had literally our whole team came in from all over the country for the weekend. We did some intensive training, had some fun at the park, ate more pizza, and I know what to think about.
• 3:32
  But it was really cool. And actually, David and Stacey Whitehead from FlyOver Conservatives came out as they were on their way to another meeting and wanted to meet the whole team. It's like, they said, Kurt, this is like the most incredible experience ever. We've never seen a culture like this, which is one of our philosophy, people over profit, right? But that requires a culture of love and a culture of grace and a culture of of servanthood.
• 4:03
  And I was so blessed. I mean, I almost got goosebumps on my arms when I walked into the room, saw all of these people, you know, all of these team members from all over the country coming in. And it's like, man, it's a lot of people loving people and helping them. It just made me feel really good.
• 4:21
  Seth Holehouse: Oh, that's good. Yeah, actually, so for Father's Day was a special day. It was also my birthday. So I got to do like Father's Day birthday on the exact same day. Oh, it easy.
• 4:31
  Yeah. It felt like the stars aligned. So we cooked out and my mom made homemade key lime pie and it was just it was just wonderful.
• 4:41
  Speaker 2: Amazing.
• 4:41
  Seth Holehouse: Yeah. So, you know, Kirk, it's interesting because we did an interview last week, which went up in most places over this weekend. And we were talking about just what's happening in the gold industry, right? So specifically, a lot of the precious metal dealers that, you know, actually do kind of what you're doing, you know, they they either participate or they have relationships with influencers. Those influencers have the, you know, trust.
• 5:09
  So you might be like, oh, this is my favorite show host. And so because I like this guy's perspective, I can trust him on the news. These, you know, precious metals companies really kind of play off of that trust. And I think that in most cases, I'll say it's probably good and they take care of people. There's a lot of really good businesses in this industry.
• 5:30
  But what you started seeing, which is what we talked about, and what a lot of people are now chattering about after seeing our interview is that there's also some companies, and we're not gonna get into the details of these companies, and we'll talk about why and how people can still understand, you know, whether they got ripped off or not. But that these people are not just, you know, kind of being more greedy with their profits, but it's almost like they're it's blind, outright blind. They're robbing people blind. Right? The people that don't understand.
• 6:02
  And so I just wanted to see because in the show, we talked about and said, hey, look, if you're curious about this, you know, you know, contact here's Ashley. This is the the CEO for Kirk Elliott's company. Here's her email. Contact them. So I just wanted to see, you know, from your side of things, what's the response been?
• 6:20
  What are you seeing happening since that discussion you and I had?
• 6:23
  Speaker 2: Well, so just since 09:00 last night, we've had well, as of this morning, I haven't checked this afternoon, but thirteen over the night, you know, while people were sleeping, portfolio reviews came in. And I look at the first one, it's like, oh, man, this one's gonna be bad. You know, and I could just tell, because what we do is we look at the date that the metals are purchased, what spot price was, what the premium over spot was, and what they should have paid. And we're looking at 91%, one hundred and fifteen %, three forty four %. Even even if it's 40% greater than spot.
• 7:07
  Right? That's double what you should pay. And and and the average that I'm seeing is about well, let's see if spots $24 an ounce, the average I'm seeing is 67 to $70 an ounce for silver. Dollars.
• 7:24
  Seth Holehouse: The average you're seeing
• 7:26
  Speaker 2: is people more
• 7:27
  Seth Holehouse: than three times, like almost triple or quadruple the value of spot.
• 7:32
  Speaker 2: Yeah. And that's not just one sample size from one bad company. This is like company after company after company. That's really the norm. It's like, oh my word.
• 7:40
  Because our goal now everybody has a different philosophy, right? And so, so some of these companies are saying, oh, you gotta have a collectible. You have to have this. The premiums are gonna expand over time because of the rarity. Was like baloney.
• 7:52
  I've never seen it in like twenty nine years. It just doesn't happen that way. So really the reason dealers like them is because they come with a story, right? They all have a story. They're easier to sell and you make double to triple the amount of commission.
• 8:07
  But to me, to maximize your wealth, minimize your cost, maximize the number of ounces that you own, and be in the right side of the transaction, meaning right now we're in silver rather than gold because of the ratio between the two metals. Right? So, what's even worse is when I see somebody who got like proof gold or old rare coins on the gold side, it's like, A, they're in the wrong metal, B, they're in something they're never going to recover from. It's like just a double whammy. Like one lady had paid, you know, for a point zero four ounce of gold.
• 8:46
  I mean, literally, it's like this big. Considering a dime is like a tenth of an ounce almost. It's a little bit smaller than that. It's like seven so 7.15% of an ounce, right? It would be a dime.
• 9:02
  Well, imagine something that's half of the size of a dime. You paid $3,500 for that $77,000 an ounce. It's like, in the world? What kind of a sales pitch was set for that? So bottom line is we got 13 of these portfolio valuations and we're having consultations with all of them being set up this week to go over that and say, okay, don't lose sleep out of it.
• 9:28
  Now let's get you figured out how we can help, how we can unravel some of these things and get you into more ounces that are going to grow dollar for dollar with the gold or silver market. Right? As I'm looking at this, you're right, the company doesn't matter. It's irrelevant. The point is people watching all of these shows in Patriot world, right, and on Rumble and everywhere else, need to just know how to buy gold and silver.
• 9:56
  I mean, that that's the bottom line. And so that's why we do it and why the names of the companies are absolutely irrelevant. And but what is not irrelevant is the prices that are paid, understanding how these markets work. And just like anything, like in real estate, you have the saying, well, location, location, location, right? In the stock and bond world, it's like buy low and sell high or in anything like that.
• 10:20
  Never overpay for something, right? I mean, there's all these little slogans. Well, they all apply here too. Right? It's like, don't overpay, be in the right place at the right time, which would be silver right now because of where the ratio between the two metals, gold and silver are.
• 10:39
  And and a lot of people will and I've seen a lot of platinum. I've seen a lot of platinum in these portfolio reviews. Well, because if you look at a chart, platinum's gone through the roof. Why? Because there's a conflict in Russia and Ukraine, and it's heavily controlled and and produced in in those countries there.
• 10:56
  It's like when there's a conflict and there's export controls, the price is gonna go through the roof. But as soon as the conflict ends, they come down to earth. The investor never becomes whole on that because they paid for it at an artificially propped up premium because it was bought during a conflict where there's export controls on those goods and services. So here's where we have to understand the political, the economic puzzle pieces, put them together, and that tells us a big story of how we can protect and preserve and grow and thrive. But with all of that being said, I am absolutely disgusted, just disgusted with the actions of other firms in the industry because it gives everybody a bad name.
• 11:43
  It's like you're taking advantage of people. It is outright, in my opinion, theft. You're going to have to answer to God someday because of this. You know, it's like Jesus is going to look at you and say, Okay, how did you handle the assets that I gave you and the gifts that I entrusted you and all the talents? And we judge on your motives, your actions, your words on everything, right?
• 12:05
  And it's like, look at some of the stuff, it's like, oh my word. Oh my word. This is just awful. But at least we can help and get people into a better position that they can actually get. This is where I have a smile on my face.
• 12:20
  We can actually get to a point of that portfolio responding to the fundamentals of the markets, the the unsustainable debt, the inflationary pressures, the political chaos, the geopolitical conflict, everything that the investor thought that they were going to experience when they allocated, we can actually get them to that point.
• 12:41
  Seth Holehouse: Alright, folks. I've got a quick message for you. I have one simple question. If today you could no longer go purchase more food for your family with the food stores that you have in your home, how long would you be able to feed your family? Would it be a week, three weeks, a month, two months, a year?
• 13:00
  This is a really important question folks that we have to be very realistic about because the elites are proactively trying to put us into a state of food crisis and a state of famine. I'm sure you've seen all of the different food processing plants and farms that are blowing up. You've got cattle dying by the tens of thousands. They're proactively trying to collapse our food system because they know if they can control our food, they can control us. And so one of the best ways to be outside of their control is to be able to have our own stores of food and to be able to produce our own food.
• 13:33
  So there's really two things I would recommend. One is having heirloom seeds that you can grow your own food with, making sure that they're non GMO heirloom seeds that that way you can harvest your seeds this year, use them next year. You can use these seeds for generations. Literally, it's how it will work. The other thing though is this high quality storable food.
• 13:53
  This is food that's sitting somewhere, it's hidden in your basement, buried in your backyard, whatever it is. So that way, if there is a crisis, if there is an emergency, you might have three months set aside to get through that time period. And so for this, I would highly recommend a company called Heaven's Harvest. This is an amazing Christian owned patriot company, and what they're doing is they're making high quality storable food. Again, lot of the food companies, they say these food buckets, they're all about maximizing calories per dollar.
• 14:23
  They're filling the buckets with a bunch of filler and junk like sweet beverages, etc. But Heaven's Harvest, they focus on very high quality food that will last up to twenty five years on the shelf. They also sell heirloom seeds. You can buy all of your seed, you can buy all of your restorable food. And look folks, personally, I would recommend having at least three months per person in your household, if not six months or even a year.
• 14:47
  Again, depends on your budget, but I'll definitely make sure you have some seeds because that seed those seeds could be worth their weight in gold, if not more in the future. So to go ahead and do this right now, go put up a new tab and go to heavensharvest.com. And if you use the promo code Seth, that's s e t h, promo code Seth, you'll save 15% off of your entire order. So again, folks, the time is running out and you'd rather be three months or one year early than one day late. Again, heavensharvest.com and use promo code Seth to save 15% today.
• 15:24
  Yeah. And so I want to look at a few different things in this discussion. And we all we've also got some some news items and actually this poll about central bank digital currency that I really want to get to because it's actually makes me smile. It's really kind of positive, which we'll get to that. But I think this is a really important show.
• 15:42
  So, you know, I used to work, you know, at some point in my life, I was in the jewelry industry. I had it, I started an auction house, then even you had a little buying and selling business. I had a little office and I was the guy that when somebody was coming in and they're saying, hey, I've got gold coins or I've got silver bars to sell you. Like I was the guy buying them, actually exchanging those for cash. That was my job.
• 16:06
  Had, you know, I knew I was doing, but it wasn't like, like, I saw that end of it. And so, you know, that's one of the reasons why I, you know, obviously, I know you and I know your faith and your values and your patriotism, and but I know how you conduct your business. And I know that your your approach is that, you know, you're not the absolute bottom dollar cheapest. Like, if someone was price shopping, maybe they can save 2% over here or 1% over here. But the thing is, is that with when it comes to gold and silver in general, or things like even jewelry, diamonds, so you're buying an engagement ring, trust is the most important factor.
• 16:42
  And if someone you came in and say they're, you know, was helping them shop for a diamond ring, they wanted to spend $30 on an engagement ring. If I couldn't help them with it, I would recommend somebody and say, look, you can trust this person, right, and that's the most important thing. And it's just, it really saddens me because I think about the kind of people, like if we look at where we're at in history, say there's an older woman that's watching man in America, say she's 75 years old and she's been saving her whole life, she's got three children, you know, six grandchildren, you know, might, you know, maybe she owns her house, maybe she's got $200,000 sitting in an IRA or in a bank, you know, savings account, whatever it is. You know, this is a woman that obviously I think if she watched this show probably loves God, loves the country, is a patriot, wants to do everything possible within her resources to help save this country. And this is the kind of person that's calling in and taking her $200,000 she's being sold $30,000 in metals.
• 17:41
  Like literally, like that's that's the equation. So people are stealing, not just from anybody. Look, like if somebody was targeting like Antifa with some scheme to to rob them, I'd probably say like, well, you know, you got it coming. Right? But these are like good God fearing Americans, patriots that are out there trying to do good for our country.
• 18:02
  And these are the ones that are being targeted by companies that present themselves as patriot, American first, you know, conservative value. It's just, it's just, it's mind blowing to me. And so with some of the folks that you're seeing coming in, mean, the one that you mentioned that is paying what you say 70, over $70,000 an ounce for gold, like that is just, it's, it's mind blowing. But what are some other things that you're seeing come in?
• 18:31
  Speaker 2: So some of the other things that I'm seeing, well, I told you the average is about, you know, pushing $70 an ounce for silver, which is you shouldn't with silver spot price being about $24 an ounce, you shouldn't be paying over 30. Right? 30, that's the benchmark right there, okay, to a silver at 24. So when you're seeing that much more, it's like, oh my word, this is crazy. But another thing that I'm seeing is an individual retirement account or an IRA, that's an investment, right?
• 19:02
  You should never fund an investment with collectibles because an investment means you want to buy low and sell high, and you're ultimately going to lock in profits. So I've got a lot of clients that I'm seeing, they're putting like proof, you know, gold or silver in there, which means it's something that's graded. It's a higher end price. And when I look at that, it's like they were fed a line of garbage because you should never put a collectible as an investment opportunity. Right?
• 19:32
  It's a collector's item. Now, if you're a collector, so be it. Right? You can buy all the collections you want, whether they're stamps or baseball cards or gold or silver or I don't care. Right?
• 19:44
  But if you're an investor, don't go into collectibles. Right? So I've got IRAs that are basically full of proof coins, MS 70 proof silver Eagles, MS seventy proof gold Eagles, or they don't even have to be graded. The MS is a mint state. That's a grading.
• 20:05
  You can just have a proof gold or silver and you way overpay for them, like a hundred dollars an ounce. It's insane. It's like maximize your ounces, minimize your cost, and that's how you can grow your wealth. So I'm seeing a lot of that in there. And then when I look at, now this is just my strategy.
• 20:25
  Right? Other firms might have a different strategy is we are a % in silver. Why? Because I want to minimize risk and maximize return. And what the ratio tells us is that silver is undervalued compared to gold historically.
• 20:38
  So therefore, gold and silver both equally as safe, but what do I wanna do? I want to maximize that growth. And if silver over the next year to year and a half doubles or triples the rate of growth of gold, which it's on pace to do that, what does that mean? We could sell it then and then get you two to three times more ounces of gold twelve to eighteen months from now than what I could have purchased for you today if it doubles or triples that rate of growth. It's already started to do that.
• 21:06
  Silver since Biden occupied the White House has almost doubled the rate of growth of gold since that time. So this is not some kind of pie in the sky theory. It's actually the reality, which is why we allocate like this. But I believe that trend line is accelerating, And at some point, we're going to get a tripling or even more of ounces of gold down the road that you don't have to pay extra for because we leverage silver to get to that point. That's a ratio trading strategy that we that we utilize.
• 21:36
  I've been utilizing that for well over two decades to minimize risk and maximize return in the same sentence.
• 21:45
  Seth Holehouse: I see. So that makes sense. And so, you know, for people that are, you know, have bought before or are thinking about it, you know, what's what are just some simple steps someone can go through? I'll say this, you know, the caveats like, look, whether someone uses your company or not, like, that's the key is that it doesn't really matter. The key is to have the tools so that you know what you're doing.
• 22:09
  It's like, know how to buy diamonds. I was trained for, you know, over a decade, like on buying diamonds. And so I know how to go in and how to price them. I know how to make sure that they're not fake, etc. You know, and so it was only with that confidence that training would I be comfortable spending, you know, tens of thousands of dollars to buy and sell a diamond, for instance.
• 22:27
  But the problem is with, you know, gold, it's not like real estate. So you know, say you want to invest in a real estate property, say you want to buy a, you know, two bedroom condo, you know, in Miami, right? You can go on and say, okay, they're asking $700,000 for it. What you can find comparable is you go to Zillow, oh, Zestimate seven thirty five, like, okay, here's some comparables. Oh, that makes sense.
• 22:49
  Like, most people will do a lot of research before buying a house or a car, right? Like when they're spending a large amount of money, but with gold or silver, like the some of the figures you're seeing are way more than the average house. You know, we're talking millions of dollars in some people's portfolios, yet they're not actually they're not actually using their critical thinking to say, okay, is this a fair purchase? Right? Like, people will scrutinize the the cost of, you know, some some cords, some HDMI cords on Amazon, like, more heavily than they're scrutinizing moving their couple hundred thousand dollar IRA in terms of, like, making sure the price is right, it has good reviews and all that stuff.
• 23:29
  So what are just like basic, like basic kind of tips for the toolbox of someone that's getting into say buying silver at this point?
• 23:38
  Speaker 2: Well, number so there's quantitative aspects and qualitative both. So, qualitative, make sure that you trust the person that you're talking to, because they're going to be advising you on your portfolio for hopefully a long, long time. If they're implementing a strategy, you better have somebody who understands that strategy moving forward. So that's more of a gut feeling. Like, people are talking to me, Oh, do I trust Kirk or do I not?
• 24:04
  Do I trust the other company or do I not? Right? You go with somebody that you trust. Now, quantitatively, here's a simple general rule of thumb. We want to maximize our ounces and minimize our cost, right?
• 24:18
  So in the world of silver, that would equate to today, thousand ounce bars, hundred ounce bars, 10 ounce bars, or one ounce silver rounds, generic refinery rounds. That's it. So if you're not buying one of those, you shouldn't really buy anything because the premiums are too high.
• 24:37
  Seth Holehouse: Here's an example. I always have it sitting on my desk. This is a just a generic 10 ounce bar. I think you know, and when I bought this, I think I bought this back when I had my business, right? So I paid, you know, right around this the actual price of spot for it.
• 24:51
  But this is the example just it's it's a generic bar, right? But the other thing is that the tricky thing with buying generics is that sometimes people will sell you fake generics. That's why you need to know that you're buying generic from someone that stands behind what they're selling you. But, you know, this is, you know, way, way, way cheaper. This is the whole idea, right?
• 25:10
  You say maximize ounces, right? Minimize costs. So this is way less expensive. So if I would have bought 10 American Eagles, right, which you have a very high premium, especially these days, you know, I would have paid, you know, I could have paid almost 50% more, if not more, right, that same amount of silver, but because at the end of the day, if we're looking at this is a part of the equation I like to kind of get your input on, but most people are buying precious metals because they're concerned that at some point in the future, we're going to see the collapse of the dollar, collapse of the banking system, the collapse of, you know, a lot of the global structures that kind of maintain the structure that allows a fiat currency like the dollar to actually have its value and have purchasing power. And so even more so, let's like think about this, even more so if the dollar collapses or, you know, or we kind of tailspin into a great depression, do you think people are gonna be like, You know what, I really like that, that print, you know, that that proofed silver from 1984, that's like a double stamp, I'm gonna give you three times the value for it, like even more so at that time, like no one's gonna care about collectability, like doesn't matter if you've got a Michelangelo painting, you know, people are gonna be like, I I want to trade you something of value for this milk.
• 26:29
  So it's like, it's even more
• 26:31
  Speaker 2: It's so true. In a barter world, nobody's gonna care about the premium. Nobody's gonna care if it was a collector. They just simply want ounces. So in all of the world of silver, different countries, different years, different vintages, different grades, are they slabbed?
• 26:48
  Are they not? Are they collectibles? Are they not? Are they semi numismatics? Are they bullion?
• 26:52
  You've got all those literally thousands of choices. I boiled it down to a thousand ounce bars, hundred ounce bars, 10 ounce bars, or one ounce refinery rounds. That's it. Four things, right? And on the gold side, it's even simpler.
• 27:06
  A one ounce gold bar or a kilo bar, depending on the size of your portfolio. Those options minimize your risk, maximize your return by lowering your cost per ounce. And it's something that's tradable, right? So if somebody says, Hey, look at this chart for platinum and palladium. It's amazing.
• 27:22
  You got to take advantage of it. It's like too thinly traded, too high risk, only look at the meat and potatoes of the investment world, which is gold and silver. It's all I would do right now. And right now, I wouldn't even do gold. I would only do silver.
• 27:38
  See, I'll start reallocating into gold with about 25% of a client's portfolio when the ratio comes down by 25%. So when we get to 60 to one, well, then I'll do 25% gold, 75% silver. When we get to 40 to one, I'll do fiftyfifty, right? But right now with near all time highs at over 80 to one, silver to gold ratio, that's why we're in silver because I want to minimize risk. I don't care what we're in as long as it's low cost bullion, right?
• 28:12
  So stay away from anything that has a story or a collectability like, oh, Jack Sparrow has a shipwrecked coin, right? Or even better yet, somebody that we all, well, most people on this show would love is President Trump. The Trump coins, right? It's like, don't fall for it. Even though you might love the image on the coin, it can be gimmicky, right?
• 28:39
  So always just go with those four things that I talked about, and that's going to serve you good. And then lastly, don't overpay for them, Right? Because I've got clients in some of these portfolios that I've looked at that are in hundred ounce bars of silver. They are in rounds. But you know what?
• 28:56
  They paid too much for them. I mean, you you shouldn't pay over, you know, with with the wholesale price plus our 8% cost of ownership that sometimes, like, on a on a round brings you up to 20% over spot. Some of these are 60% over spot. They're the right thing, but you overpaid for them. Right?
• 29:16
  So don't and some of them, the premiums are okay on gold, but you shouldn't be in gold right now. We want to maximize our ounces, maximize that growth. Right? So there's a lot of things that we look at, and my goal is it's a pretty simple concept. Don't overpay, in fact, by value, by what the ratio is telling us is going to outperform, which is silver, because that's truly how you minimize risk and maximize returns.
• 29:44
  So, bottom line, you have to have trust and faith in the person you're dealing with because they're going to be advising you for hopefully a long time. Number two, don't buy anything unless it's those six things that I mentioned, thousand ounce bars, hundred ounce bars, 10 ounce bars, or one ounce rounds in silver, or one ounce bars or kilo bars in gold. Number three, don't overpay for them, right? Which on silver today, dollars 24 an ounce, shouldn't pay more than $30 an ounce for silver, even on a one ounce round, right? So you're going to be right in that ballpark.
• 30:21
  And that's pretty much it. Now, sometimes they're, Oh, I saw this one. So this was wild too. It's like they had all this garbage that was stored at a depository. It's like, Oh, but the depository storage was free.
• 30:36
  It's like, no, it's not. There's always a cost for storage. The reason it's free, and it's like, who is it? Is it the company that you bought it from? Well, yeah.
• 30:45
  It's like, okay. So there's no checks or balances there. They're probably overselling it over and over and over again. I can't confirm because I've never done business with them, but all I know is that there is a cost for safe storage. So whenever I hear that somebody's getting storage for free, where does my mind immediately go to where it normally goes in a situation like that is they're taking the same hundred ounce bar that they sold you and selling it over and over and over and over again, just like a fractional reserve bank would operate.
• 31:16
  Right? And it's like, okay, in a in a liquidity event, when you wanna lock in your capital and so does everybody else probably at that time, because our goal is to buy low and sell high. Unless you're the first guy or gal in line, they might say, well, wait a second. We can't deliver right now. We're gonna have to wait a month, or we'll just put you on a waiting list.
• 31:36
  Well, why? Why? It's because they don't have it. They oversold it. Right?
• 31:41
  So that's why singular ownership is key, and it costs for singular ownership storage. Right? So always store at a third party. That's why we use a Texas Precious Metals Depository. That's not us.
• 31:55
  They have their own accountability. It's a major vault because I wouldn't ever, even if it were us storing it for you, I'd say, that's a bad idea. There's no accountability there. There's no auditing there. Right?
• 32:08
  So so don't ever actually store it at the place where you buy it from. Always have it be a third party group that's storing it to add one more layer of protection and accountability to that.
• 32:21
  Seth Holehouse: That's helpful. And I want to touch on something you said and just kind of frame it because it took me a little bit to understand what what it meant when people talked about the ratio, right? And so kind of how I've come to understand that is that basically, you know, the gold and silver have a price that goes up and down, right? You know, the the as like most commodities, right? So obviously, there's the price of silver versus oil or, you know, the dollar, etc.
• 32:46
  But that ratio is really looking at the comparative price of gold versus silver. So let's just say if silver was $10 an ounce and gold was a hundred dollars an ounce, it'd be a 10 to 1 ratio, right? And so because gold and silver typically move together, in in their prices, that when that ratio gets very wide, right, when silver becomes way lower than what it should be, right? Like, isn't there okay. There's a typical ratio that's kind of the average, right?
• 33:14
  Is it is it what was it one to 20? Or what's the the the ratio that's
• 33:18
  Speaker 2: 20 to one is the historical norm, and that lasted for hundreds of years. Right? Where it means, simply put, 20 ounces of silver buys one ounce of gold. So if you had gold at, you know, $500 an ounce, right, so what's 20 to one? Right?
• 33:40
  So how many ounces of silver does it take to equal $500 You just look at the ratio, right? Well, today, if you multiply silver, the price of silver times 83, it gets you the price of gold. That's what that ratio
• 33:56
  Seth Holehouse: So you're looking at that ratio. That's why you're saying there's, you know, there's more room like silver should be coming up. That's why and because you can very easily move between the two, it's kind of like you're playing it's almost as if you're betting on two horses that are, you know, the two leading horses, and one's out in front, so you have all your money on that horse out in front, and then the other one comes out strong. So you're moving your money back over to that horse, you're constantly kind of shifting your assets to make sure you're in really the winning place. Is that is that the overall idea?
• 34:26
  Speaker 2: It's the overall idea. So when you have a ratio of 83 to one where gold silver is today, tells you one of two things. Either silver is undervalued or gold is overvalued. It's all it tells you. But then you have to ask one more question.
• 34:41
  It's like, causes gold or silver to go up? Oh, unsustainable debt, inflationary pressures, political chaos, geopolitical conflict. Check. Check. Check.
• 34:50
  Check. Check. Everything that we've got, it causes gold and silver to go up. So gold is not overvalued. It's going to continue to grow, which means silver has some catch up to do.
• 35:00
  It's going to outperform. So that outperforming will cause the ratio to come down to eighty:one, to seventy:one, to sixty:one. At sixty:one, what do I do? I'm gonna lock in a quarter of the profits of silver and sell a quarter of what you have, roll that into gold, and I get you 25% more ounces, well, minus the 8% cost of ownership. Eight, let's see, that would be 17% more ounces than what you could have purchased on day one for free.
• 35:32
  Then when it comes down again and gets to 40 to one, another 17% more ounces for free. Now you see we're up to 34% more ounces than what you could have got on day one. Then it goes down to 30 to one. I'll do it again. Get down to 20 to one.
• 35:50
  At that point, we're a % in gold. And then you start going the ratio in the opposite direction and then compounding your ounces in silver. See, because I've got some clients that say, Kurt, you know, I've heard you and Seth talking a bunch. I don't trust the stock market at all. I think it's a rigged game.
• 36:09
  I don't think that it's ever gonna it's manipulated and blah, blah, blah. It's like, I'm never gonna go back into the paper world again. That's great because we can continually grow a person's portfolio just by going between gold and silver and silver to gold. Not only will that grow as the price of gold or silver go up, but we can compound their ounces and keep adding more ounces without them adding any new dollars to it by utilizing a ratio trading strategy. And that's not magic.
• 36:37
  It's just math. Right? So that's what we do to help a client grow, preserve, and yet thrive in the times that we're living in right now.
• 36:47
  Seth Holehouse: Okay, that makes sense. That makes sense. So, okay, well, there's one other big thing I wanted to cover on today's show. And we talked about before and so obviously, you and I have talked a lot about central bank digital currency. And I know that the, you know, even for me when I first heard about it was like CBDC, was that like a marijuana product?
• 37:06
  It's like, no, no, central bank digital currency. And I think that a lot of the audience I'm seeing, they're really learning about this. It's becoming much more mainstream. You've got hosts like Glenn Beck or Tucker Carlson, they're now talking about CBDCs. And so something that came out recently, this is a poll that really gives me encouragement, right, and this is on I'll pull up the website.
• 37:26
  This is on Edward Griffin's website, the great Edward Griffin, I'm working on trying to get an interview with him, which I hope that we can do. And so here what it says is that poll Americans don't want a central bank digital currency. And that's super encouraging to me. So basically, what the poll said was that they is from the independent institute. So they found that 34% oppose a CBDC while only 16% support it.
• 37:57
  And the rest of the people which is about half, almost exactly half actually had no opinion, which shows me that that half that didn't know is they don't know what it is. But if someone sends you asks you a poll and you say, hey, Kirk, you know, what do you think about the, you know, the ACB four? You'd be like, I have no opinion. What's that? Right?
• 38:16
  But of the people that have learned about it, you know, the fact that 34% are opposing it and only 16%. So that's really it's it's more than double the people that actually want it are opposing it. That gives me a lot of hope because we know that look, in say in a country, it's like in Africa, you know, we've talked about that when they resorted to pretty draconian measures to force this. America, I would say is the most difficult place to roll out a draconian measure. And then we've been softened up from, you know, COVID and everything like that, but I still think that even more now than ever, that Americans there's this, there's this we're on the edge.
• 38:54
  We're on the edge of saying, look, you're you're pushing, you're pushing, you're pushing. It's like, I'm not gonna take it anymore. And so obviously, we've talked about the threat of a CBDC, but that poll actually really gives me hope that when they try to roll this thing out, that they're not going to be able to because just like what Cliff High said, that they just, you know, he said there's three stages of what he understood that were gonna happen in the rollout of CBDC, all three stages would be rejected. And by the third stage, it's like it's instantly rejected. But anyway, I wanted to see what you think about that because to me, that's like, finally, some positive financial news.
• 39:28
  Right?
• 39:30
  Speaker 2: It is so positive. I mean, truly, that that almost gives me goosebumps because there's so much fear that's gripping the hearts and minds of people thinking it's the mark of the beast and everything else. Right? But here's the thing. Two to one, by a factor of two to one, Americans don't want this.
• 39:45
  Right? Which tells us there's, like, grassroots opposition to this thing. Right? But it's not just here. You know, it was either, think it was Hong Kong or Shanghai that said, Hey, China, we're not going to accept the BRICS nation's central bank digital currency, so a country is telling another you know, countries or we're not taking it.
• 40:08
  But here in America, you've got Texas that's actually sponsoring their own, you know, Texas state bank, state chartered bank backed by gold, right, in in response to or opposition to central bank digital currency. You've got Arkansas that's having a gold backed dollar instead of central bank digital currency. You already have Wyoming, Utah, Oklahoma that are doing the same thing. Ron DeSantis said, not in Florida. We're not taking central bank digital currency at all.
• 40:39
  So so what does this tell us? Tells us there's countries and there's states here in America that are saying, nope. We're not gonna we're not going to go with this complete loss of freedom gig. This is not what America wants. And so to me that tells me that there's hope.
• 40:55
  And there's also, that to me parallels what the Bible says, right? Because when you read Revelation 13, it says no man, woman, or child should take the mark, right? Don't take the mark of the beast. There's consequences to it, right? But it doesn't say that there are no choices.
• 41:13
  It says do not take it, which means there is a choice, right? So when we when you read that, people look at this apocalyptic view of what's coming, and I believe it is probably the mark of the piece. That's my own personal opinion. I think it's really bad when they have the ability to cut you off from buying or selling and it's digital. This is in their own words.
• 41:31
  It's like, what else is it that? Right? I don't know.
• 41:34
  Seth Holehouse: Well, tell you something quickly, Kirk. So I was at, at the mall over the weekend, you know, doing some shopping. And I was at just kind of just curious, Amazon has these stores now, right? It was like the Amazon style store. I was looking for a dress for my wife with her.
• 41:49
  And so you kind of walked in and like, okay, what is this? And they literally had this little kiosk, right, that said, pay with your palm. Like that's what the kiosk said. And it was like, didn't I read that somewhere? Right?
• 42:03
  Like, it was just it was so creepy that like, you know, we've been talking about stuff, to walk by this little kiosk that says, pay with your palm, where it's like scan your palm to make your payment. It just like, it was like, ah, this is this is too it's too real. I walked straight out of
• 42:20
  Speaker 2: the I mean, that's Amazon, the largest retailer in the world, online retailer. I was at Whole Foods walking home the other day, walked through it because I had heard about this and I wanted to see if Whole Foods had it. Sure enough, they did. Right next to the little thing where you can put your card in, you insert it, or you just use the frequency ID thing and just lay it there. They had a palm reader thing at Whole Foods as well.
• 42:46
  It's like, oh my word, this is like wild. I mean, this is really wild. But here's what I know about my God, is he's a God of choice, Right? So, when you're of the Christian faith, you have the choice to accept Jesus or the choice to reject Him. God didn't make robots.
• 43:07
  He gave you a choice. He gave you the choice to sin or not to sin. Just like with this this system, this mark of the beast system, he says, don't take it, which implies that there is a choice. Right? If there wasn't a choice, it wouldn't be in there for us to to heed that warning.
• 43:24
  Right? So so here's where, oh, there's a choice. And, oh, there's all kinds of states that are coming up with a new system that say they don't want it. Oh, two Americans to one don't want it. Oh, we've got other countries that say they're not gonna accept central bank digital currency from other countries.
• 43:41
  See, we're starting to see major opposition to a movement that they're trying to shove down our throats, right, and say, You're going to have no choice. Now, I'm not saying that it's going to be an easy choice. I think people are going to have a hard moral and ethical dilemma because, say, if you want your Social Security, you're probably going to have to take the system. If you're going to want your retirement benefits, you're probably going to have to take the system. If you want to do business at any X number of banks, you're going have to take the system, right?
• 44:12
  I mean, they're going to make it difficult to say no, but I want to encourage everybody, nothing in life that's good is ever easy. Right? And so make that hard decision. But here's where we're on the forefront of things. We've been talking about this stuff for a while, been sounding the warning cry, and you know what?
• 44:31
  The stuff is happening. It's like, wow, it's happening. So one of the alternative systems could be silver for barter, could be a gold backed dollar, like what other states are doing. And so I'd say, and something like this, I would rather be twelve months, nine months, three months early than one day late. Cause if you're one day late, it might be too late because here's where when they control the outflow and the purse strings on the money through the flip of a switch, if you put your money into that system, chances are you're not getting it out.
• 45:04
  We've already seen that, where the billionaire investor in Germany had money in HSBC in Shanghai, and he tried to get it out, they said, Nope, not unless you can provide source of income for twenty years. It's like, who has that? Right? So they're basically holding his money hostage. It's already in that system, and it's not coming out.
• 45:24
  See, this is, I believe, a foreshadowing of more horrible things to come where they're gonna want to command and control every aspect of your life by controlling what you buy or sell. So that's why I'm shouting it from the rooftops, I will until there's only I will do it if there's only one person listening. I will do it until everyone has heard this message and they've all had a chance to respond. It's like, don't do it. Don't take it.
• 45:49
  Allocate into physical metals, because I think it's one of the safe haven options to get out of harm's way and to thrive in this environment we're talking about.
• 46:00
  Seth Holehouse: It makes you think that even the original choice was given to Eve. Do you want to take the bite or not? It wasn't forced. Think that's a really important principle that I've been reflecting on a lot is that everything is still our choice. We have our we have free will.
• 46:18
  And like Satan's agenda is to try to convince us that we don't have free will, or or make it so that we don't even know we're making a choice that we're already making a choice, right? Like all the people that are now like on their third booster, because they didn't think it was a choice, right? We have free will. That's what God gave us. And that's what that's the founding fathers they understood.
• 46:40
  It's amazing. They can create and craft this constitution that separates the powers and gives it to the states, not the federal government, that can protect us from a central bank digital currency when you have it so that states like Texas or Florida say, nuh-uh, we're not playing this game. This is against the constitution. It's just it's amazing. Like, if that's not the hand of God, I don't know what is.
• 47:02
  So anyway, it's funny, Kurt, because this, you know, this is it's a very serious topic, especially the first half of today's show. But there's also there's just a lightness to it. And especially with that poll, it's like it just reminds me it's like a lot of times, we feel lonely, especially people that are awake to what's really happening in the world and our friends and our family a lot of they maybe don't speak to us, but just know that the majority of Americans are actually on the same side. Right? And it's like it's part of that psyop.
• 47:32
  It's part of that satanic psyop to make us think that we're all alone. We're the absolute minority, but actually it's the opposite. So, well, Kirk, if someone wants to have you go have you or your team review their portfolio or help them with that, like what process they go through? You said a lot of people reach out over the weekend how they do that.
• 47:53
  Speaker 2: So simply just email Ashley, our CEO, and she'll she'll get me the either her or myself will do the portfolio evaluation and get back in touch with you. So that's just Ashley, a s I'm sorry, a s h l e y, ashleykirk elliotphd dot com. Just email you, email her the portfolio valuations that you have, or actually the invoices, and we'll do evaluation on it for you.
• 48:21
  Seth Holehouse: The other thing is that if well, I'll put her email in the description to the show. They can also go to goldwithseth.com, goldwithseth Com. There's a phone number there if they want to call up (720) 605-3900 or you scroll to the bottom, there's actually that form right there. And there's there's areas, you know, for some notes where you can actually say, Hey, I'd like to have a review of this. So that's another way of getting a hold of people don't want to send an email, they want to do a form.
• 48:52
  But anyway, I mean, Kirk, it's, it's great as usual to have you on. And it's just it's interesting because maybe it's just it's a place where I'm at also, that there's just something special about this time in history. And for whatever reason, I'm looking towards the future with so much optimism, even though it's really dark and there's so much evil corrupt stuff everywhere. Like what I'm also seeing is that the inverse is happening and that there's this massive, just energy and surge of people that want to return back to tradition and be good and bring virtue back into our society again. So just it gives me a lot of hope.
• 49:37
  Speaker 2: Likewise. Me too. So I have a smile on my face in the midst of crisis because there is help.
• 49:43
  Seth Holehouse: Exactly. Well, thank you, Kirk. Have a wonderful rest of your week.
• 49:47
  Speaker 2: I will. You too. Bye bye. You.