Latest / The Bullion Advantage | Wealth Protection, Politics and Finance Insights From The #1 UK Gold Dealer / Charlie Kirk, French Revolution and a New Record High for Gold.

Transcript

Charlie Kirk, French Revolution and a New Record High for Gold. · The Bullion Advantage | Wealth Protection, Politics and Finance Insights From The #1 UK Gold Dealer

• 0:00
  SPEAKER_00: Hello and welcome to the Bullion Advantage, a podcast by DirectBullion, the UK's number one gold dealer.
• 0:07
  SPEAKER_00: If you know us through Nigel Farage, Rob Moore, social media, YouTube, or you just want to know a bit more about gold, you're in the right place.
• 0:16
  SPEAKER_00: This is a weekly podcast giving you insights into wealth, the economy, key global events, markets, and of course, a bit of gold.
• 0:24
  SPEAKER_00: Welcome to the Bullion Advantage.
• 0:34
  SPEAKER_00: Hi, I'm Jake from DirectBullion, and today I'm joined by James, who has helped thousands of people learn more about gold.
• 0:41
  SPEAKER_00: Well, James, thank you so much for being with me today.
• 0:44
  SPEAKER_00: Tell everyone a little bit about yourself and how you help people.
• 0:48
  SPEAKER_01: Yeah, hi Jake, thanks for having me, mate.
• 0:49
  SPEAKER_01: I've been an account manager at Direct Bullion for the last six years now.
• 0:53
  SPEAKER_01: Been working in assets for quite a while, working in gold for the last six years.
• 0:57
  SPEAKER_01: We've seen the market absolutely shoot up, which has been which has been good.
• 1:07
  SPEAKER_00: Great.
• 1:08
  SPEAKER_00: Well cheers, mate.
• 1:09
  SPEAKER_00: And uh why don't you start off by telling me what excites you the most about gold?
• 1:14
  SPEAKER_01: I'd say the most exciting part about gold is that it's physical.
• 1:20
  SPEAKER_01: Waiting for when I've got deliveries coming, um, waiting by the door for them to come, put them into my little stack and uh count them, look at them.
• 1:31
  SPEAKER_01: I haven't got like a white glove and a magnifying glass yet, but um but I'm I'm nearly there.
• 1:37
  SPEAKER_01: So uh yeah, I'd say the mo the most um exciting thing is actually having it in your hand, being able to stack it, watch it grow over time.
• 1:44
  SPEAKER_00: Nice, nice.
• 1:45
  SPEAKER_00: Is there anything that people really misunderstand about gold, or maybe what what would you say the biggest myth about gold is?
• 1:53
  SPEAKER_01: I'd say the myth.
• 1:56
  SPEAKER_01: So I I'd say there's two two main ones.
• 1:59
  SPEAKER_01: The first one is that you've got to pay tax.
• 2:01
  SPEAKER_01: The amount of financial advisors that I've spoken to that don't know how tax efficient gold is is crazy.
• 2:07
  SPEAKER_01: Whether that's capital gains, whether that's because most financial advisors will you know allocate you ETCs, gold mining stocks, which is their their realm and there's nothing wrong with it.
• 2:17
  SPEAKER_01: But when you're looking at physical gold, as long as you're buying the right products, it can be really tax efficient.
• 2:22
  SPEAKER_01: So if you look at 22 karat gold and above, it's VAT free.
• 2:27
  SPEAKER_01: So you don't have to wait for the market to go up 20% before you break even.
• 2:31
  SPEAKER_01: Uh but I think especially now more than ever, it's capital gains tax.
• 2:35
  SPEAKER_01: So as long as you're buying British gold coins that are legal tender in the UK, they're capital gains tax-free.
• 2:42
  SPEAKER_01: And a big stat that I read the other day was that if you put 10 or 100 grand into gold 20 years ago, it would be worth in or around a million pounds today.
• 2:52
  SPEAKER_01: Probably just shy of that.
• 2:54
  SPEAKER_01: Uh I think the other day I checked it was just over a million, but it's always changing.
• 2:58
  SPEAKER_01: Now, yeah, I know.
• 2:59
  SPEAKER_01: And if that was in a gold bar, you purchased 100 grand's worth of gold bars 20 years ago, you can incur CGT on any profits.
• 3:08
  SPEAKER_01: Um if if you're if you're buying maybe a gram here or there, it's probably not going to make too much of a difference.
• 3:13
  SPEAKER_01: But for a lot of people, especially at the minute coming away from ICEs, premium bonds, you know, your more traditional ways of saving, you uh make a lot of of gain over the last 20 years, and to know that you keep that profit because it's capital gains tax-free for a lot of people is is is is wicked.
• 3:29
  SPEAKER_01: So I'd say that's the first myth.
• 3:31
  SPEAKER_01: That the second myth, I'd say, is there's a common misconception with gold.
• 3:35
  SPEAKER_01: People think that you've got to have millions in the bank to buy it.
• 3:38
  SPEAKER_01: But we've got clients that start off from as little as well, the last time I checked, 80 to 100 pounds for a gram of gold.
• 3:45
  SPEAKER_01: Right.
• 3:46
  SPEAKER_01: So I'd say that's that's probably probably the main couple of myths, Jake.
• 3:49
  SPEAKER_01: Right.
• 3:50
  SPEAKER_00: No, I got it.
• 3:50
  SPEAKER_00: And talking about your you know, you know, you're making money from gold example earlier, seems to be doing a bit of a dance at the moment.
• 3:57
  SPEAKER_00: I said the other day, if you'd have bought gold at six a.m.
• 4:01
  SPEAKER_00: this morning, you'd have made twenty quid already.
• 4:03
  SPEAKER_00: But today, you'd have lost twenty quid if you'd bought it at six a.m.
• 4:06
  SPEAKER_00: this morning.
• 4:07
  SPEAKER_00: So gold just recently went past two thousand seven hundred quid, and it's going up exponentially.
• 4:14
  SPEAKER_00: So, what kind of factors do you think are contributing to this increase in price at the moment?
• 4:20
  SPEAKER_01: There's uh, in my opinion, a few main factors.
• 4:23
  SPEAKER_01: The biggest one is uncertainty.
• 4:25
  SPEAKER_01: So people love stable physical assets when everything else around it is is uncertain.
• 4:30
  SPEAKER_01: A good stat is, you know, you look back to the last recession.
• 4:34
  SPEAKER_01: In my opinion, it's quite similar to what we saw today.
• 4:37
  SPEAKER_01: 07-08, the last big crash anyway, we saw the pound devalue by 35%, and in that same year, gold went up 43%.
• 4:46
  SPEAKER_01: So there's an inverse relationship, if you look historically, between economic uncertainty and the price of gold going up.
• 4:53
  SPEAKER_01: The second one is central bank.
• 4:55
  SPEAKER_01: So, right now, if yeah, if you look at the BRICS nations, Brazil, Russia, India, China, South Africa, they're buying like record levels of gold, and they're not buying you know, grams, ounces here and there, they're buying tons, and that really drives the price.
• 5:10
  SPEAKER_01: You know, that the BRICS nations want to be the new powerhouse of the world, they want to try and come over the dollar, and what better way to do that than you know buying physical gold?
• 5:18
  SPEAKER_00: Sure.
• 5:19
  SPEAKER_00: Yeah.
• 5:19
  SPEAKER_00: JP Morgan recently said that gold's gonna reach$4,250 per ounce by the end of next year.
• 5:27
  SPEAKER_00: What what are your thoughts on this and what do you think would make this happen?
• 5:31
  SPEAKER_01: Well, I think that ties in quite nicely to what I just said.
• 5:35
  SPEAKER_01: J JP Morgan have actually just come out and said um, alongside Deutsche Bank, saying there's a 50% chance that the US could go into a recession next year.
• 5:46
  SPEAKER_01: Why is it that?
• 5:48
  SPEAKER_01: Well, I mean you just look at the the way the world is at the minute, there's so much uncertainty, the markets are very volatile, you know, the dollar, the pound is weakening.
• 5:56
  SPEAKER_01: And it just, you know, I I think for for a lot of people, they're looking, as I say, looking for safe places to put some cash that has a proven track record of doing really well in times of uncertainty, um, and people are buying gold.
• 6:08
  SPEAKER_01: Like I say, central banks are the biggest driver, they're literally stockpiling gold, and it gives you know that the price and what what it's doing now, you know, indicates that it's it's doing really well.
• 6:18
  SPEAKER_01: Um but yeah, you know, I I think when when you look at any time, it's not just this, you've got wars that are currently happening, creates massive tension.
• 6:26
  SPEAKER_01: You know, if you spin the globe right now and pick any part of the world, you'll see tension, whether it's Taiwan and China, whether it's you know Ukraine, Russia, the Middle East, this creates a lot of volatility, economic uncertainty, and people just want that safety net.
• 6:42
  SPEAKER_00: So if gold's so high right now, then what's the incentive to buy?
• 6:47
  SPEAKER_01: Yeah, good good question.
• 6:49
  SPEAKER_01: Don't no, I'm only joking.
• 6:51
  SPEAKER_01: Um, you know, people when you're buying physical gold is very similar to buying property.
• 6:57
  SPEAKER_01: You wouldn't buy a property today and sell it in six months' time.
• 7:00
  SPEAKER_01: No, of course.
• 7:01
  SPEAKER_01: You know, people have been buying properties for years and the price of a property has been at all-time highs for years.
• 7:06
  SPEAKER_01: The the price of gold might affect you if you're a trading gold behind a computer every day and trying to make quick gains, but when you're buying physical gold, it's not something that you'd sell in the short term.
• 7:18
  SPEAKER_01: You know, there's if you were buying and selling a property in the short term, you've got stamp duty, estate agent fees, solicitor costs.
• 7:25
  SPEAKER_01: With gold, the reason I love gold is you don't have that.
• 7:28
  SPEAKER_01: You know, it's like an armchair way to protect your your your money, it's really low maintenance, it just sits there, can be a little bit boring, but it's there to fall back on if if if if you ever need it.
• 7:38
  SPEAKER_01: As I say, really tax efficient.
• 7:40
  SPEAKER_01: But yeah, like I say, uh the incentive to buy gold is that it's safe.
• 7:45
  SPEAKER_01: You know, there's not I couldn't think of another product right now, financial product anyway, that you could purchase, know that it's tax efficient, has a track record of doing 12 odd per cent a year over the last 20, 30, 40, 50 years.
• 7:59
  SPEAKER_00: Yeah.
• 7:59
  SPEAKER_00: Yeah, so uh tying into that, most most of the time it's considered a safe haven asset.
• 8:05
  SPEAKER_00: What is a exactly a safe haven asset and why is gold so often considered one of those?
• 8:11
  SPEAKER_01: Well, gold is deemed as a tier one asset class by the Basil Committee.
• 8:17
  SPEAKER_01: And it essentially means extremely safe.
• 8:20
  SPEAKER_01: Uh basically they say it's risk-free.
• 8:23
  SPEAKER_01: You know, gold goes up as well as down, but if you a good analogy I use with people, if you had an ounce of gold in the Roman days, you'd be able to get one of your nicest Roman robes with the nicest Roman sandals.
• 8:38
  SPEAKER_01: And if you went to Savile Row in London today and wanted to go and get one of your nicest bespoke saville roe suits, it will probably be about the same as an ounce of gold, right?
• 8:49
  SPEAKER_01: So it's it's a that the value of gold will always stay the same.
• 8:55
  SPEAKER_01: There will never be a point where tomorrow, you know, your gold's worthless, it's a physical, tangible asset, and that's the biggest driver for most people, especially in times like this.
• 9:05
  SPEAKER_00: So I guess we should probably talk a little bit about what's going on in the world at the moment, and it's been quite a lot.
• 9:12
  SPEAKER_00: Firstly, um, you know, we saw uh Charlie Kirk.
• 9:16
  SPEAKER_00: I think everyone probably saw the video.
• 9:18
  SPEAKER_00: Horrible.
• 9:19
  SPEAKER_00: But what are your thoughts on this?
• 9:21
  SPEAKER_00: And you know, you we mentioned about America possibly going into recession.
• 9:25
  SPEAKER_00: Just give me your thoughts on that and how it uh could affect things.
• 9:29
  SPEAKER_01: Well, firstly, I think it's extremely sad when I heard the news.
• 9:33
  SPEAKER_01: I used to follow quite a lot of Charlie's debates, and I thought he was a really honest family man, really nice guy, and I was the for for days after I was saddened and still am, and I do think that you know the the way that the world is this day and age is you know that's a a factor in in in what's happened.
• 9:53
  SPEAKER_01: Yeah, I I think especially in times like this, there's a massive divide between left and right.
• 9:59
  SPEAKER_01: You know, co America used to be the well well still are the biggest advocates for free speech, but now someone like Charlie Kirk gets on a stage and you know there's an assassination, which I think is absolutely terrible.
• 10:13
  SPEAKER_01: And I think it's not just the US, you know.
• 10:15
  SPEAKER_01: You look at France now, you look at even the UK with with Keir Starmer.
• 10:19
  SPEAKER_01: Yeah.
• 10:20
  SPEAKER_01: Um the the tweets that are being made and people are getting prosecuted off the back of it.
• 10:23
  SPEAKER_01: I just think it's absolutely terrible.
• 10:25
  SPEAKER_01: In my opinion, it is it is terrible what's happening around the world.
• 10:28
  SPEAKER_00: Yeah, I just think it's su it sets such a dangerous precedent, doesn't it?
• 10:31
  SPEAKER_00: I mean this you know this podcast's gonna go on our YouTube channel, it's no secret that Nigel Farage is all over our our YouTube channel.
• 10:38
  SPEAKER_00: Rob Moore's another friend of Dark Bullion.
• 10:41
  SPEAKER_00: These are divisive figures, and you know, if if if stuff like that happening, I think it just it is really scary and uh it's a it sets a very dangerous precedent for this left-right divide that just seems to be getting wider and wider.
• 10:55
  SPEAKER_00: It's just it's just a bit scary.
• 10:58
  SPEAKER_00: Something else to talk about is is France, you just mentioned.
• 11:02
  SPEAKER_00: What exactly is going on in France, like I I mentioned off air.
• 11:05
  SPEAKER_00: Um I don't really know much.
• 11:08
  SPEAKER_00: It's one that slipped through for me.
• 11:09
  SPEAKER_00: So tell me a little bit about what's going on in France at the moment.
• 11:12
  SPEAKER_01: Well, the uh the economy is on its knees alongside a number of European I think everybody's feeling the pinch at the minute, but a lot of European companies, including the UK, are feeling the pinch.
• 11:26
  SPEAKER_01: But I'll link back to the left with France.
• 11:28
  SPEAKER_01: The left is very left in France, and the right is is is very right.
• 11:33
  SPEAKER_01: And again, I think it just falls back to that the conflict, uncertainty doesn't help, you know, people uprise a lot more when the price of your everyday goods are uh are going up, and it just makes things worse down the line.
• 11:46
  SPEAKER_01: You know, I think I think three or four different uh prime ministers or president uh yeah prime ministers France have had in the last year, which is crazy.
• 11:56
  SPEAKER_01: Yeah, um there's a huge uproar, riots, um, and and you can't blame the people.
• 12:01
  SPEAKER_01: I think it all links back to the same thing, right?
• 12:03
  SPEAKER_01: Everybody's fed up at the minute, um the the standard of living, the cost of living is is is going down the drain.
• 12:10
  SPEAKER_01: And people, you you know, this this is another factor that you know comes into play.
• 12:16
  SPEAKER_01: Taxation, you know, some of the biggest or most wealthiest people, corporations, are leaving the European Union, the UK to be tax less, and you can't blame them.
• 12:26
  SPEAKER_01: Yeah, no, you know, you work so hard, you you you make X amount of money, and if you can pay less tax and keep it yourself, why not?
• 12:36
  SPEAKER_00: Yeah, yeah, exactly.
• 12:37
  SPEAKER_00: How does the position of France affect gold prices?
• 12:41
  SPEAKER_00: Does the does the position of a country like France have an impact on gold prices, or is it more about the cumulative effect of of global instability?
• 12:50
  SPEAKER_01: Yeah, I I think the main thing is, you know, global instability.
• 12:54
  SPEAKER_01: As I've mentioned before, if you look back to any time of economic uncertainty, whether it's Covid, the price of gold shot up, whether it's the the last recession, peep people just don't want to leave their money in traditional ways of saving because as I said, the the cost of living increases, standard of living decreases, and people need ways to protect and grow their money.
• 13:18
  SPEAKER_01: I mentioned gold's done really well over the last 20 years, but the value of the pound is halved.
• 13:22
  SPEAKER_01: If you had a hundred grand in the bank twenty years ago, spending power would be half today.
• 13:29
  SPEAKER_01: Yeah.
• 13:30
  SPEAKER_01: You know, so you switch that and put that into gold, you'd a thout nearly a thousand times it, which which which stands out for me a lot.
• 13:38
  SPEAKER_00: Great.
• 13:39
  SPEAKER_00: So you were recently at a reform conference up in Birmingham.
• 13:43
  SPEAKER_00: Tell me a little bit about your experience there.
• 13:45
  SPEAKER_01: Oh wow, what a weekend.
• 13:47
  SPEAKER_01: First one, really busy day.
• 13:48
  SPEAKER_01: There was thousands of people there, which I think was a lot busier than the last uh reform event.
• 13:54
  SPEAKER_01: So it was good to see.
• 13:55
  SPEAKER_01: Had a chat with with Uncle Nigel.
• 13:57
  SPEAKER_01: Oh yeah, which was which was fun.
• 14:00
  SPEAKER_01: Always really nice, really busy on the day, and had swarms of people around him, but obviously took the time to come over to us and say hello.
• 14:07
  SPEAKER_01: Yeah, really good day.
• 14:08
  SPEAKER_01: Spoke to a lot of people, we had quite a big stand there, giving out some brochures, explaining how gold works, and um yeah, no, it was a really, really nice day, mate.
• 14:16
  SPEAKER_01: Yeah.
• 14:17
  SPEAKER_01: Good.
• 14:17
  SPEAKER_00: Get a lot of interest.
• 14:18
  SPEAKER_01: Yeah, so uh we we had a lot of applications for you know information sent in the post on email.
• 14:24
  SPEAKER_01: Obviously, part of what we do now is pensions.
• 14:28
  SPEAKER_01: We had a lot of interest with people fed up with your traditional workplace private pensions, seeing maybe three, four per cent a year.
• 14:37
  SPEAKER_00: Doesn't even beat inflation, nearly really.
• 14:39
  SPEAKER_01: Well, no, that's the thing.
• 14:40
  SPEAKER_01: Um and not to say gold's gonna you know make you a millionaire overnight, but certainly does quite well in in times like this.
• 14:48
  SPEAKER_01: You know, if you look at the last I think since the last budget, gold's gone up over 35%.
• 14:54
  SPEAKER_01: So if you had put your money into gold within your pension, you can't put physical gold in a standard workplace or private pension, but you can do it within a SIP.
• 15:04
  SPEAKER_01: So we're not a pension provider, we just provide the physical gold to pension providers.
• 15:09
  SPEAKER_01: There's a couple that we use, we send over to people, give them the information they need.
• 15:13
  SPEAKER_01: But yeah, if you had put you know your pension into gold, I think it was just after the last budget, it's gone up around 35%, which is pretty cool.
• 15:22
  SPEAKER_00: That's not not too shabby, not too shabby.
• 15:24
  SPEAKER_01: Yeah, I mean if you're comparing it to, like I say, traditional standard workplace private pensions, um, I think it has done really, really well.
• 15:31
  SPEAKER_00: Yeah.
• 15:32
  SPEAKER_00: Great.
• 15:32
  SPEAKER_00: Well, James, thanks so much for taking the time to join me today.
• 15:35
  SPEAKER_00: Really appreciate it.
• 15:36
  SPEAKER_00: It's been a super informative and helpful chat, and I really appreciate your time.
• 15:40
  SPEAKER_00: Thank you so much.
• 15:41
  SPEAKER_01: Yeah, well, thanks for having me, Jake.
• 15:42
  SPEAKER_01: Um, yeah, always a pleasure seeing you and your pretty face.
• 15:45
  SPEAKER_01: Um, yeah, we look forward to doing it again.
• 15:48
  SPEAKER_01: Cheers.
• 15:48
  SPEAKER_01: Alright, cheers, James.
• 15:49
  SPEAKER_00: Thank you.
• 15:56
  SPEAKER_00: Well, a big thanks to James for being with me today.
• 15:58
  SPEAKER_00: In our next episode, we'll be talking about something that a lot of people don't know, along with anything else that happens in the next week, which, let's be honest, could be anything.
• 16:08
  SPEAKER_00: So you're not gonna want to miss it.
• 16:10
  SPEAKER_00: Make sure you hit that like button, subscribe to Direct Bullion, and ring the notification bell so you stay up to date with all our updates.
• 16:18
  SPEAKER_00: Also, drop a question in the comments below and we can answer them in the next podcast.
• 16:23
  SPEAKER_00: But for now, share this with a friend who's on the fence about gold, and we'll see you in the next one.
• 16:30
  SPEAKER_00: The purchase of gold does not constitute an investment or offer financial returns.
• 16:35
  SPEAKER_00: Gold is considered a store of value and not an investment product.
• 16:39
  SPEAKER_00: Past performance of gold is not indicative of future performance.
• 16:43
  SPEAKER_00: Prices and values of precious metals can fluctuate and are influenced by various market factors.
• 16:48
  SPEAKER_00: Direct bullion does not provide investment or tax advice and recommends that you conduct your own independent research before making any purchasing decisions.