Latest / The Crest Report / Follow the Money: The Blue Wave, Gold & the $20 Trillion Interest Bill

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Follow the Money: The Blue Wave, Gold & the $20 Trillion Interest Bill · The Crest Report

0:07
SPEAKER_00: From GoldenCrest Medals.
0:09
SPEAKER_00: Ritz is the Crest Report, where markets meet reality.
0:13
SPEAKER_00: Your weekly briefing on the economy, gold, silver, and protecting what you've built.
0:19
SPEAKER_00: Questions for Rift?
0:20
SPEAKER_00: Call 888-991-6222.
0:23
SPEAKER_00: For your free gold report, go to myfreegoldinfo.com.
0:27
SPEAKER_00: And now, here's your host, Ritz Jacoby.
0:31
SPEAKER_01: Tuesday night, Washington changed hands.
0:34
SPEAKER_01: Democrats took control of both the House and the Senate.
0:38
SPEAKER_01: And by Wednesday morning, before most folks had their first cup of coffee, the money had already voted.
0:45
SPEAKER_01: Gold jumped almost 3% and climbed back above$4,000 an ounce.
0:51
SPEAKER_01: Silver jumped more than 4%, and the US dollar slid to its lowest level in five weeks.
0:58
SPEAKER_01: Now I don't care who you voted for.
1:01
SPEAKER_01: That's your business.
1:02
SPEAKER_01: But when the big money moves that fast, I want to know why.
1:06
SPEAKER_01: So this week, we follow the money.
1:08
SPEAKER_01: Stick with me.
1:10
SPEAKER_01: Hey everybody, welcome to the Crest Report.
1:12
SPEAKER_01: I'm Rich Tacoby.
1:14
SPEAKER_01: I started Golden Crest Medals.
1:16
SPEAKER_01: And if you're new here, I'm not a radio guy and I'm not a Wall Street guy.
1:20
SPEAKER_01: Before any of this, I was an LAPD officer.
1:23
SPEAKER_01: I went into the LAPD to help people.
1:26
SPEAKER_01: After that, I worked in commercial real estate, got my master's degree, and eventually started Goldencrest.
1:33
SPEAKER_01: And here's the one thing the badge taught me that applies to your money.
1:37
SPEAKER_01: Don't listen to what people say.
1:39
SPEAKER_01: Watch what they do.
1:41
SPEAKER_01: Politicians give speeches.
1:43
SPEAKER_01: Money doesn't.
1:44
SPEAKER_01: Money just moves.
1:45
SPEAKER_01: So that's what we're going to watch.
1:48
SPEAKER_01: But first, grab a pin.
1:50
SPEAKER_01: Because with everything I'm about to tell you, the election, the debt, the banks, you're going to want this number.
1:57
SPEAKER_01: 888-991-6222.
2:02
SPEAKER_01: One more time.
2:04
SPEAKER_01: 888-991-6222.
2:09
SPEAKER_01: My team is there right now, and a real person picks up.
2:12
SPEAKER_01: Or go to myfreegoldinfo.com.
2:16
SPEAKER_01: When you call, tell them Rich sent you.
2:18
SPEAKER_01: You'll get a free investor kit and on qualifying purchases up to$25,000 in free silver.
2:25
SPEAKER_01: Call for details.
2:27
SPEAKER_01: And if you want me, ask for me.
2:29
SPEAKER_01: I can't pick up the phone live while I'm in the studio, but somebody on my team will answer, they'll take your info, and if you want me to call you back, I'll call you back.
2:39
SPEAKER_01: And I mean that.
2:40
SPEAKER_01: One of our clients, Margie, left us a review I really appreciated.
2:45
SPEAKER_01: She said the whole team, including the owner, was friendly, attentive, and trustworthy.
2:51
SPEAKER_01: And then she said, they always made time for me.
2:54
SPEAKER_01: That's what I want for every one of you.
2:57
SPEAKER_01: You're not a number.
2:58
SPEAKER_01: We make time.
3:00
SPEAKER_01: All right, here's where we're headed.
3:02
SPEAKER_01: First up, what the election really means for your money and why gold moved the way it did.
3:08
SPEAKER_01: The$20 trillion interest bill coming due, and the big government auctions happening this coming week.
3:15
SPEAKER_01: The world's central banks buying gold at their fastest pace in almost two years.
3:20
SPEAKER_01: Why your paycheck is getting a smaller slice of the economy than any time in nearly 80 years.
3:26
SPEAKER_01: And I'll give you the real numbers on what gold and silver have done over the last five and ten years.
3:31
SPEAKER_01: Then later in the show, two banks that went dark in the same week, leaving millions of people locked out of their own money.
3:38
SPEAKER_01: Social Security's deadline, a Medicare change that's hitting millions of seniors right now, a scam with a cereal box, and a question my team hears every week.
3:49
SPEAKER_01: Should I keep my gold at home?
3:50
SPEAKER_01: Let's go.
3:52
SPEAKER_01: So let's start with the election.
3:54
SPEAKER_01: On Tuesday, Democrats won control of both the House and the Senate.
3:59
SPEAKER_01: Ballotpedia called it a wave.
4:01
SPEAKER_01: They flipped Senate seats in seven states President Trump won two years ago: Texas, Kansas, Iowa, North Carolina, places that haven't sent a Democrat to the Senate in years, some of them in decades.
4:15
SPEAKER_01: Now, some folks have been saying for a while, when the Democrats get in, gold goes up.
4:20
SPEAKER_01: And Wednesday morning, gold did go up.
4:23
SPEAKER_01: One analyst at Stone X, Rona O'Connell, said it ahead of time.
4:27
SPEAKER_01: She wrote that if Democrats won both chambers, gold should find support.
4:32
SPEAKER_01: And it did.
4:33
SPEAKER_01: But here's the part I want you to understand, because it's the part that matters.
4:36
SPEAKER_01: Gold didn't go up because of a party.
4:39
SPEAKER_01: The World Gold Council has studied this.
4:41
SPEAKER_01: They looked at elections going back decades, and they found gold doesn't really respond to who wins.
4:47
SPEAKER_01: It responds to what the winners are expected to do: spending, debt, the dollar, interest rates.
4:55
SPEAKER_01: Gold doesn't care who's in charge, it cares what they do.
4:59
SPEAKER_01: So what does the money expect them to do?
5:02
SPEAKER_01: Nothing.
5:03
SPEAKER_01: And that's the problem.
5:04
SPEAKER_01: With Democrats running Congress and a Republican in the White House, the president has already said he expects to be, in his words, Mr.
5:12
SPEAKER_01: Vito.
5:13
SPEAKER_01: The big Dutch bank ING put it plainly.
5:16
SPEAKER_01: Major tax and spending changes look unlikely.
5:20
SPEAKER_01: And then they wrote, quote, large fiscal deficits and deteriorating debt dynamics will continue.
5:27
SPEAKER_01: Nobody's fixing the debt.
5:29
SPEAKER_01: Nobody's even trying.
5:31
SPEAKER_01: And it gets worse.
5:32
SPEAKER_01: ING says the next fight over the debt ceiling will likely come to a head by the middle of next summer, with little room for compromise.
5:41
SPEAKER_01: And that, they say, risks a long government shutdown.
5:46
SPEAKER_01: Maybe longer than the one last October, which cut a full percentage point off economic growth at the end of last year.
5:53
SPEAKER_01: Allianz, one of the biggest insurance companies in the world, expects the federal deficit to get bigger next year, not smaller.
6:01
SPEAKER_01: 6.2% of the whole economy this year, 6.6% next year.
6:06
SPEAKER_01: Rona O'Connell called it fiscal brinkmanship and institutional friction.
6:12
SPEAKER_01: That's a fancy way of saying a lot of fighting and not much fixing.
6:17
SPEAKER_01: So follow the money.
6:18
SPEAKER_01: On Wednesday, the big money looked at two years of gridlock, a debt nobody's fixing, a weaker dollar, and they moved into gold within hours.
6:27
SPEAKER_01: Now stocks went up that day too, I'll be fair.
6:30
SPEAKER_01: But the dollar went down.
6:32
SPEAKER_01: And when the dollar goes down, every dollar you've saved buys a little less.
6:37
SPEAKER_01: And don't forget the other thing hanging over all of this: oil.
6:42
SPEAKER_01: The war with Iran is in its ninth month.
6:45
SPEAKER_01: Brent crude is still above$100 a barrel, up more than 70% this year.
6:52
SPEAKER_01: And with the election over, the president has been threatening new strikes.
6:56
SPEAKER_01: You feel that one every time you fill up.
7:00
SPEAKER_01: So here's what I want you to hear.
7:02
SPEAKER_01: Whoever you voted for, the election's over.
7:05
SPEAKER_01: And the debt is still there.
7:07
SPEAKER_01: The deficits are still there.
7:08
SPEAKER_01: And now there's a debt ceiling fight on the calendar.
7:11
SPEAKER_01: Don't wait for the shutdown headlines next summer to find out where you stand.
7:16
SPEAKER_01: If you want a piece of what you've built protected from whatever Washington does next, call my team now.
7:22
SPEAKER_01: 888-991-6222.
7:26
SPEAKER_01: They're there right now.
7:27
SPEAKER_01: Tell them Rich sent you.
7:29
SPEAKER_01: Or to get your free gold report, go to myfreegoldinfo.com.
7:34
SPEAKER_01: And I get it, with everything going on, it's hard to know who to believe.
7:39
SPEAKER_01: One of our clients, Jacqueline, said it best in a review she left us.
7:42
SPEAKER_01: She wrote, It's so hard to find someone to trust.
7:46
SPEAKER_01: And then she said the person she worked with was extremely patient and helpful with educating me on gold and silver.
7:54
SPEAKER_01: Patient, educating.
7:56
SPEAKER_01: That's the job.
7:57
SPEAKER_01: Nobody should ever rush you.
8:00
SPEAKER_01: Now let's talk about that debt, because the numbers that came out these last couple weeks should get everybody's attention, no matter how you vote.
8:09
SPEAKER_01: The Congressional Budget Office, that's the nonpartisan office that keeps score for Congress, just put out its projections for the next 10 years.
8:17
SPEAKER_01: And according to Fortune, the CBO expects the government to spend$20 trillion just on interest over the next decade.
8:26
SPEAKER_01: $20 trillion.
8:27
SPEAKER_01: Not to build anything, not to pay down the debt, just interest.
8:31
SPEAKER_01: This year, the government paid about$1.2 trillion in interest.
8:37
SPEAKER_01: By 2036, the CBO expects that to be almost$2.5 trillion a year.
8:43
SPEAKER_01: That's about$200 billion a month.
8:47
SPEAKER_01: And by then, the country would be spending roughly twice as much on interest as it spends on defending the country.
8:54
SPEAKER_01: And the yearly deficit?
8:56
SPEAKER_01: About$2 trillion this year.
8:58
SPEAKER_01: The CBO sees it going over$3 trillion.
9:01
SPEAKER_01: And here's what's happening right now.
9:04
SPEAKER_01: This coming week, the Treasury is selling$125 billion of new government debt.
9:11
SPEAKER_01: A three-year note on Monday, a 10-year note on Tuesday, a 30-year bond on Thursday.
9:19
SPEAKER_01: Most of that is just to pay off old debt that's coming due.
9:23
SPEAKER_01: But the government also has to borrow about$28 billion more on top of that from investors in one week.
9:32
SPEAKER_01: Why does that matter to you?
9:34
SPEAKER_01: Because last month, investors started demanding a lot more to lend the government money.
9:40
SPEAKER_01: According to Reuters, a bruising bond sell-off in October pushed 10-year and 30-year treasury yields to their highest levels since 2002.
9:51
SPEAKER_01: Think about what that means.
9:52
SPEAKER_01: The people who lend Washington money are getting nervous and they want to be paid more for the risk.
9:59
SPEAKER_01: And one of the most famous investors in the world is worried too.
10:04
SPEAKER_01: Ray Dalio founded Bridgewater, one of the biggest hedge funds on the planet.
10:09
SPEAKER_01: He told Bloomberg that the U.S.
10:11
SPEAKER_01: could face a debt crisis within about three years.
10:14
SPEAKER_01: He's called it a debt heart attack.
10:17
SPEAKER_01: His math is simple.
10:18
SPEAKER_01: The government takes in about$5.5 trillion a year and spends about$7.5 billion.
10:24
SPEAKER_01: So it's$2 trillion short every year.
10:27
SPEAKER_01: And every time an old bond comes due, it gets refinanced at today's higher rates.
10:32
SPEAKER_01: And where does Dalio say to look for protection?
10:35
SPEAKER_01: Gold.
10:36
SPEAKER_01: He said he'd keep 10 to 15% of a portfolio in it.
10:40
SPEAKER_01: Now that's his view.
10:41
SPEAKER_01: I'm not telling you what number is right for you, but it tells you where some of the smartest money in the world is looking.
10:48
SPEAKER_01: It's like a family that pays its mortgage with a credit card and then the credit card company raises the rate.
10:55
SPEAKER_01: It works until it doesn't.
10:58
SPEAKER_01: So here's my question for you.
11:00
SPEAKER_01: If the people who lend the government money are demanding more, and the government's interest bill is headed toward$200 billion a month, what do you think happens to the dollars in your savings account?
11:14
SPEAKER_01: Don't wait for the next debt ceiling fight to find out.
11:18
SPEAKER_01: Call my team now and ask how a gold or silver IRA works.
11:23
SPEAKER_01: 888-991-6222.
11:28
SPEAKER_01: Tell them Rich sent you.
11:30
SPEAKER_01: Or to get your free gold report, go to myfreegoldinfo.com.
11:36
SPEAKER_01: Now while the politicians argue, watch what the world's central banks are doing, because they're not arguing, they're buying.
11:43
SPEAKER_01: On Tuesday, election day, the World Gold Council put out its report for the third quarter, July, August, and September.
11:51
SPEAKER_01: Central banks around the world bought 321 tons of gold in those three months.
11:57
SPEAKER_01: That's up 42% from the same time last year, and it's their biggest quarter since late 2024.
12:04
SPEAKER_01: So far this year, 675 tons.
12:07
SPEAKER_01: And the World Gold Council now expects central banks to buy at least as much this year as they did last year.
12:14
SPEAKER_01: Why are they doing it?
12:15
SPEAKER_01: The World Gold Council says the main reasons are diversification and risk management.
12:21
SPEAKER_01: In plain English, they don't want all their eggs in one basket, especially not a basket made of paper money.
12:28
SPEAKER_01: And here's the part that jumped out at me.
12:30
SPEAKER_01: In that same report, the World Gold Council said regular people slowed down.
12:37
SPEAKER_01: Bar and coin buying cooled off in the second half of the year.
12:41
SPEAKER_01: So the everyday investor got nervous and stepped back, and the central banks stepped up.
12:47
SPEAKER_01: These are the most sophisticated money managers on the planet.
12:51
SPEAKER_01: They've got teams of economists, and they're not waiting for the perfect price.
12:56
SPEAKER_01: You know, there's an old saying in police work don't watch the hands that are waving, watch the hands that are moving.
13:03
SPEAKER_01: The politicians are waving, the central banks are moving.
13:08
SPEAKER_01: So ask yourself, if the world's central banks think gold belongs in their reserves, does a piece of it belong in yours?
13:15
SPEAKER_01: Not all of it.
13:16
SPEAKER_01: Nobody should go all in.
13:18
SPEAKER_01: But if the answer has been zero, don't wait for the next report to come out.
13:22
SPEAKER_01: Call my team now and ask what a sensible piece looks like for you.
13:26
SPEAKER_01: 888-991-6222.
13:31
SPEAKER_01: Or to get your free gold report, go to myfregoldinfo.com.
13:37
SPEAKER_01: Now here's a story that didn't get nearly enough attention, and it's about your paycheck.
13:43
SPEAKER_01: The economy keeps growing.
13:44
SPEAKER_01: Companies keep getting more productive.
13:47
SPEAKER_01: But according to the Bureau of Labor Statistics, the share of the economy that goes to workers in wages, salaries, and benefits just fell to 52.8%.
13:57
SPEAKER_01: CNN reported that's the lowest level in the government's records, which go back to 1947, almost 80 years.
14:05
SPEAKER_01: For most of the years after World War II, that number was somewhere between 60 and 66%.
14:11
SPEAKER_01: And look at this.
14:13
SPEAKER_01: Over the past year, workers got more productive by more than 2%.
14:18
SPEAKER_01: But after inflation, their hourly pay actually went down a little.
14:24
SPEAKER_01: More work, less buying power.
14:26
SPEAKER_01: And JP Morgan's chief U.S.
14:29
SPEAKER_01: economist said that if the trend keeps going and AI keeps changing how companies do business, workers' share could fall below 50% by the end of the decade.
14:39
SPEAKER_01: And it's not just, folks, I'm a tight budget feeling it.
14:42
SPEAKER_01: Goldman Sachs surveyed more than 5,000 workers and retirees for its retirement report this year.
14:48
SPEAKER_01: Among households making less than$50,000, about 60% said they're living paycheck to paycheck.
14:55
SPEAKER_01: No surprise there.
14:56
SPEAKER_01: But among households making more than$500,000 a year, more than a third said the same thing.
15:03
SPEAKER_01: Half a million dollars a year and still living paycheck to paycheck.
15:07
SPEAKER_01: Goldman said housing, healthcare, education, and everyday costs have outpaced wages for decades.
15:15
SPEAKER_01: So here's what I want you to think about.
15:17
SPEAKER_01: If workers aren't getting the gains, who is?
15:20
SPEAKER_01: The people who own things, businesses, property, real assets.
15:26
SPEAKER_01: That's been true for a long time.
15:28
SPEAKER_01: And it's one more reason why your paycheck alone isn't a plan.
15:33
SPEAKER_01: You need some of what you've saved in something real, something that's held its value through every one of those 80 years.
15:40
SPEAKER_01: So if your raise isn't keeping up with your bills and you've got savings sitting in an account that isn't keeping up either, don't wait another year to do something about it.
15:49
SPEAKER_01: Call my team now and ask how a gold or silver IRA works.
15:54
SPEAKER_01: 888-991-6222.
15:57
SPEAKER_01: Tell them Rich sent you.
15:59
SPEAKER_01: Or to get your free gold report, go to myfregoldinfo.com.
16:05
SPEAKER_01: All right, let's do something most gold commercials won't do.
16:09
SPEAKER_01: Let's look at the real numbers.
16:11
SPEAKER_01: Not a prediction, not a promise, just what actually happened.
16:16
SPEAKER_01: Five years ago this week, gold was about$1,790 an ounce.
16:22
SPEAKER_01: As of Wednesday, it was right around$4,000.
16:26
SPEAKER_01: So over the last five years, gold has more than doubled, up about 125%.
16:32
SPEAKER_01: Go back 10 years to November of 2016, and gold was about$1,300.
16:38
SPEAKER_01: So over 10 years, it's roughly tripled.
16:42
SPEAKER_01: And silver, five years ago, silver was under$24 an ounce.
16:46
SPEAKER_01: This week it was around$52.
16:48
SPEAKER_01: So silver has more than doubled too.
16:51
SPEAKER_01: Now compare that to the stock market.
16:53
SPEAKER_01: Over those same five years, the S P 500 is up about 60%.
16:59
SPEAKER_01: Even if you add back the dividends, it's somewhere around 75%.
17:03
SPEAKER_01: That's a good run.
17:04
SPEAKER_01: I'm not knocking it.
17:05
SPEAKER_01: But gold did better, a lot better.
17:08
SPEAKER_01: And what about the bank?
17:10
SPEAKER_01: Has your savings account paid you anything close to 125% in the last five years?
17:15
SPEAKER_01: Has your bank paid you even half that?
17:17
SPEAKER_01: Yes or no?
17:19
SPEAKER_01: I think we both know the answer.
17:21
SPEAKER_01: Now, I want to be straight with you, because that's the whole point of the show.
17:25
SPEAKER_01: Past results don't guarantee future results.
17:28
SPEAKER_01: Gold goes up and it goes down.
17:31
SPEAKER_01: It's down from its record back in January.
17:34
SPEAKER_01: And anybody who tells you gold only goes up, walk away.
17:38
SPEAKER_01: But when somebody tells you gold is too risky or it doesn't do anything, you now know what it's actually done.
17:45
SPEAKER_01: And here's something my team hears all the time.
17:48
SPEAKER_01: Rich, I'm scared of gold.
17:50
SPEAKER_01: And I understand that.
17:51
SPEAKER_01: It's new, it feels different.
17:53
SPEAKER_01: But think about it this way being scared of gold is a little like being scared to open an umbrella in the rain.
18:00
SPEAKER_01: Really?
18:00
SPEAKER_01: You'd rather get soaked?
18:02
SPEAKER_01: Gold's not there to make you rich overnight.
18:04
SPEAKER_01: It's the umbrella.
18:05
SPEAKER_01: You don't open it because you love umbrellas.
18:08
SPEAKER_01: You open it because it's raining.
18:10
SPEAKER_01: And look outside.
18:11
SPEAKER_01: A$20 trillion interest bill, a debt ceiling fight on the calendar, a weaker dollar.
18:18
SPEAKER_01: If you've been standing in the rain with your umbrella closed, don't wait for the downpour.
18:23
SPEAKER_01: Call my teen now, 888-991-6222.
18:28
SPEAKER_01: Ask how a gold or silver IRA works and how you'd move a piece of your savings into it.
18:34
SPEAKER_01: Tell them Rich sent you.
18:36
SPEAKER_01: Or to get your free gold report, go to myfreegoldinfo.com.
18:42
SPEAKER_01: Here's a question my teen's been getting a lot this fall.
18:45
SPEAKER_01: Rich, I'm turning 73.
18:48
SPEAKER_01: What's this RD thing and why is everybody warning me about it?
18:53
SPEAKER_01: RMD stands for Required Minimum Distribution.
18:56
SPEAKER_01: If you've got money in a traditional IRA or an old 401k, the government lets you put that money away without paying taxes on it.
19:03
SPEAKER_01: But it doesn't let you leave it there forever.
19:06
SPEAKER_01: For most people born before 1960, starting at age 73, you have to start taking some out every year, whether you need it or not, and you pay income tax on it.
19:17
SPEAKER_01: Now here's the surprise nobody tells you about.
19:20
SPEAKER_01: That withdrawal can make your Social Security taxable.
19:24
SPEAKER_01: The IRS takes your other income, adds in half of your Social Security, and if the total goes over$34,000 for a single person or$44,000 for a married couple, up to 85% of your Social Security can be taxed.
19:39
SPEAKER_01: And here's the kicker.
19:41
SPEAKER_01: Those numbers have never been adjusted for inflation.
19:44
SPEAKER_01: Your raise goes up, prices go up, those limits don't.
19:49
SPEAKER_01: And a couple more things to watch for.
19:52
SPEAKER_01: You can delay your very first RMD until April of the next year.
19:57
SPEAKER_01: But if you do, you'll have to take two in the same year: two withdrawals, one tax bill.
20:03
SPEAKER_01: And a big RMD year can even raise your Medicare premiums a couple of years later because Medicare looks back at your tax return.
20:11
SPEAKER_01: So what about gold?
20:13
SPEAKER_01: A traditional gold IRA has RMDs too, same as any traditional IRA.
20:18
SPEAKER_01: You can take the distribution in cash, or you can take the actual coins or bars out and have them shipped to you.
20:25
SPEAKER_01: Either way, it's taxed like any other IRA withdrawal.
20:29
SPEAKER_01: So here's my advice if you are my own mom or dad.
20:33
SPEAKER_01: Don't wait until December of the year you turn 73 to think about this.
20:39
SPEAKER_01: Sit down with your tax professional now.
20:41
SPEAKER_01: Ask about the timing.
20:43
SPEAKER_01: Ask whether a Roth conversion makes sense for you.
20:46
SPEAKER_01: And if you're thinking about moving part of an IRA or a 401k into gold or silver, do it with a plan, not in a rush.
20:55
SPEAKER_01: My team can walk you through how it works.
20:57
SPEAKER_01: 888-991-6222.
21:02
SPEAKER_01: Or to get your free gold report, go to myfreegoldinfo.com.
21:08
SPEAKER_01: And you know, one of our clients, Drew, left us a short review that I still think about.
21:12
SPEAKER_01: He said the person he worked with was knowledgeable and honest.
21:17
SPEAKER_01: And then at the very end, he wrote, Love the Crest report too.
21:21
SPEAKER_01: Drew, thank you.
21:22
SPEAKER_01: That's why we do this show.
21:24
SPEAKER_01: So when you call, you already know the right questions to ask.
21:29
SPEAKER_01: And let me tell you how I explain gold to my own family.
21:33
SPEAKER_01: Gold isn't a get rich quick thing.
21:36
SPEAKER_01: It's about not having all your eggs in one basket.
21:39
SPEAKER_01: You've got insurance on your house, and you hope you never need it.
21:43
SPEAKER_01: You've got insurance on your car.
21:45
SPEAKER_01: But a lot of folks have nothing set aside for a weaker dollar.
21:49
SPEAKER_01: That's the job a little gold and silver can do.
21:52
SPEAKER_01: Not a bet, a backstop.
21:54
SPEAKER_01: So before we go any further, here's what I want you to do think about what we just covered.
22:00
SPEAKER_01: Washington's headed for two years of gridlock in a debt ceiling fight.
22:05
SPEAKER_01: The interest bill is headed toward$200 billion a month.
22:08
SPEAKER_01: And the central banks just had their biggest gold buying quarter in almost two years.
22:13
SPEAKER_01: So take an honest look at where your money's sitting.
22:16
SPEAKER_01: Savings, CDs, a money market, a 401k, an IRA, a TSP, an annuity, an old account from a job you left years ago, and ask yourself one question.
22:29
SPEAKER_01: How much of this can I actually hold?
22:32
SPEAKER_01: If the answer is none, don't sit on it.
22:35
SPEAKER_01: Call my team now, 888-991-6222, or text report to 638-257.
22:45
SPEAKER_01: Or go to myfreegoldinfo.com.
22:48
SPEAKER_01: Free investor kit and up to$25,000 in free silver on qualifying purchases.
22:54
SPEAKER_01: Call for details.
22:56
SPEAKER_01: And if you want me, ask for me.
22:58
SPEAKER_01: I'll call you back.
23:00
SPEAKER_01: Stay right there.
23:01
SPEAKER_01: Coming up, a bank where the executives allegedly walked out of the vault with$427 million.
23:08
SPEAKER_01: And another bank that went dark overnight with 3 million customers locked out.
23:14
SPEAKER_01: Plus, Social Security's deadline, the Medicare change you need to know about by December 7th.
23:19
SPEAKER_01: And should you keep your gold at home, don't go anywhere.
23:24
SPEAKER_01: If you're just tuning in, here's what you missed.
23:26
SPEAKER_01: Democrats took control of Congress on Tuesday, and by Wednesday morning, gold had jumped almost 3%, back above$4,000 an ounce, while the dollar fell to a five-week low.
23:38
SPEAKER_01: Not because of a party, because the big money sees two years of gridlock, deficits that keep growing, and a debt ceiling fight coming next summer.
23:46
SPEAKER_01: The government is on track to spend$20 trillion on interest over the next 10 years.
23:52
SPEAKER_01: And the World Central Banks bought 321 tons of gold in just three months.
23:59
SPEAKER_01: And if you're new to the show, welcome.
24:01
SPEAKER_01: One of our clients, who signed their review CS, wrote that they first heard me right here on the Crest Report.
24:08
SPEAKER_01: They've been having trouble moving their TSP, and they said it was confusing and frustrating before they talked to us.
24:15
SPEAKER_01: And then they wrote that we walked them through everything, step by step.
24:19
SPEAKER_01: That's how it should be.
24:20
SPEAKER_01: No pressure, no rushing, just straight answers, one step at a time.
24:26
SPEAKER_01: Okay, now let's talk about your bank, your social security, and your retirement.
24:32
SPEAKER_01: First, two bank stories from overseas this week.
24:36
SPEAKER_01: And I want you to listen to how fast these things happen.
24:40
SPEAKER_01: Story number one, Serbia, a bank called Alta Banca.
24:45
SPEAKER_01: According to prosecutors, the bank's top executive, with help from two people in the Treasury Department, got into the bank's vault and took out more than$427 million out of the vault.
24:58
SPEAKER_01: The executives.
24:59
SPEAKER_01: They were arrested on Monday.
25:01
SPEAKER_01: And on Tuesday, a court put the whole bank into bankruptcy.
25:05
SPEAKER_01: One day.
25:06
SPEAKER_01: The state is now paying back depositors under its insurance program.
25:09
SPEAKER_01: Back when I wore the badge, we worried about people breaking into the bank.
25:14
SPEAKER_01: Here, they say the danger was already inside.
25:18
SPEAKER_01: Story number two, Paraguay.
25:20
SPEAKER_01: A digital bank called Ueno, it's one of the biggest banks in the country with about 3 million customers.
25:27
SPEAKER_01: That's roughly 60% of all the adults in Paraguay.
25:31
SPEAKER_01: Late Monday night, the country's central bank seized it after its capital fell below half the legal minimum.
25:38
SPEAKER_01: And the very next morning, everything shut off.
25:42
SPEAKER_01: The app, the cards, the ATMs, online banking, gone.
25:47
SPEAKER_01: The central bank says insured deposits will be paid back, but the money could stay frozen for up to 15 days.
25:54
SPEAKER_01: And according to the BBC, about$380 million from the country's state pension fund was sitting in that bank.
26:03
SPEAKER_01: Now think about that.
26:04
SPEAKER_01: Three million people, retirees, families.
26:09
SPEAKER_01: You wake up, you go to buy groceries, and your car doesn't work.
26:13
SPEAKER_01: Your app doesn't open.
26:14
SPEAKER_01: And somebody on TV says you'll get your money back in a couple of weeks.
26:20
SPEAKER_01: Maybe.
26:21
SPEAKER_01: Now let me be fair, because you deserve the straight story.
26:25
SPEAKER_01: This is not America.
26:26
SPEAKER_01: And here at home, FDIC insurance is real, up to the limits.
26:31
SPEAKER_01: But we've had our own bank failures this year too.
26:34
SPEAKER_01: According to the FDIC, six U.S.
26:38
SPEAKER_01: banks have failed so far in 2026.
26:41
SPEAKER_01: That's the most since 2017.
26:43
SPEAKER_01: They were mostly small banks.
26:45
SPEAKER_01: Nobody's saying this is 2023 all over again, but six is six.
26:52
SPEAKER_01: And here's the lesson from both of those stories.
26:54
SPEAKER_01: When a bank goes down, you don't get a vote on when you can reach your money.
26:59
SPEAKER_01: Somebody else decides.
27:00
SPEAKER_01: That's the difference with physical gold and silver.
27:03
SPEAKER_01: If you buy it with savings and take delivery, it's in your hands.
27:07
SPEAKER_01: If it's in an IRA, it's held at an approved depository in your name, not on the bank's balance sheet.
27:14
SPEAKER_01: So if almost everything you've worked for sits inside one bank, don't wait to find out what happens when the app goes dark.
27:23
SPEAKER_01: Call my team now and ask how to put a piece of it in something you can actually hold.
27:28
SPEAKER_01: 888-991-6222.
27:32
SPEAKER_01: They're there right now.
27:34
SPEAKER_01: Tell them Rich sent you.
27:35
SPEAKER_01: Or to get your free gold report, go to myfreegoldinfo.com.
27:42
SPEAKER_01: Now here's something closer to home, and it's about your statements.
27:46
SPEAKER_01: In September, Wall Street's own regulator, FINRA, fined Vanguard$950,000.
27:53
SPEAKER_01: Why?
27:54
SPEAKER_01: For about 11 years, Vanguard sent customers the wrong cost information on their account statements, their trade confirmations, and their tax forms, the 1099s.
28:06
SPEAKER_01: Cost basis is what you originally paid for an investment, and it decides how much tax you owe when you sell.
28:12
SPEAKER_01: And according to FINRA, in some cases, those errors led investors to pay the wrong amount of tax.
28:19
SPEAKER_01: Now, to be fair, Vanguard reported the problem itself, and it paid customers about$1.9 million to make it right.
28:27
SPEAKER_01: But 11 years.
28:28
SPEAKER_01: And it was the second time in about three years FINRA had sanctioned that part of Vanguard over its customer statements.
28:36
SPEAKER_01: And in October, state securities regulators announced a$4.4 million settlement with Wells Fargo and Merrill Lynch.
28:45
SPEAKER_01: Regulators found the firms charged unreasonable commissions on more than 256,000 small trades over five years.
28:54
SPEAKER_01: Small trades, the kind regular folks make.
28:57
SPEAKER_01: Customers in the states that took part are getting their money back, plus interest.
29:03
SPEAKER_01: Here's my point.
29:04
SPEAKER_01: These are some of the biggest names in the business.
29:07
SPEAKER_01: And for years, some customers didn't know what they were being charged or what they actually owed in taxes.
29:14
SPEAKER_01: It's like a little leak under the sink.
29:16
SPEAKER_01: You don't notice it for years.
29:18
SPEAKER_01: And then one day the floor is soft.
29:21
SPEAKER_01: So do this.
29:22
SPEAKER_01: Pull out your latest statement.
29:24
SPEAKER_01: Look at every fee.
29:25
SPEAKER_01: If you don't understand a line, call and ask.
29:29
SPEAKER_01: And if they can't explain it in plain English, that tells you something.
29:33
SPEAKER_01: That's why we run Golden Crest the way we do.
29:36
SPEAKER_01: We'll show you the price in writing before you buy and what the spot price of gold is that day.
29:42
SPEAKER_01: Widely recognized coins and bars.
29:45
SPEAKER_01: No buyback fees.
29:46
SPEAKER_01: And no question is a dumb question.
29:49
SPEAKER_01: If you want something simple you can understand, call my team 888-991-6222.
29:57
SPEAKER_01: Or to get your free gold report, go to myfreegoldinfo.com.
30:03
SPEAKER_01: And two quick updates on stories we've been following here.
30:07
SPEAKER_01: First, Bank of America.
30:09
SPEAKER_01: A few weeks back, we told you the bank admitted it willfully broke the anti-money laundering law and got hit with more than$1.2 billion in penalties.
30:19
SPEAKER_01: Well now, Senator Elizabeth Warren is asking the Justice Department to open a criminal investigation into the bank and its executives.
30:26
SPEAKER_01: She called the penalties, quote, a slap on the wrist.
30:29
SPEAKER_01: And according to CNBC, regulators said the bank failed to report more than$5 billion in suspicious transactions on time, and more than a billion of that involved national security and other high-priority risks.
30:43
SPEAKER_01: Warren gave the Justice Department until November 12th to answer.
30:47
SPEAKER_01: And here's the election connection again.
30:49
SPEAKER_01: Starting in January, Democrats will run the committees in both the House and the Senate.
30:54
SPEAKER_01: So expect a lot more hearings, a lot more letters, and a lot more questions for the big banks.
30:59
SPEAKER_01: Now, I'm not here to pick sides.
31:02
SPEAKER_01: I just want you to know what's happening inside the institutions holding your money.
31:06
SPEAKER_01: And second, those AI programs logging into people's bank accounts.
31:12
SPEAKER_01: JP Morgan's CEO, Jamie Diamond, says his bank is not letting outside AI agents in.
31:19
SPEAKER_01: He told analysts, you don't want rogue agents, and it could be thousands of them.
31:25
SPEAKER_01: And in another talk, he said it simply, you're assuming they're going to act properly on your behalf, and they may not.
31:32
SPEAKER_01: That's the head of the biggest bank in America.
31:35
SPEAKER_01: So my advice from last week still stands don't give your bank username and password to anyone.
31:41
SPEAKER_01: Not a person, not an app, not a robot.
31:45
SPEAKER_01: You know, one of our clients, Bach, left us a review that says it better than I can.
31:50
SPEAKER_01: Bach was buying gold and silver for the first time and wrote that we were very honest people and that we didn't make me feel dumb like other companies did when asking questions.
32:00
SPEAKER_01: I love that.
32:01
SPEAKER_01: Because the only dumb question is the one you didn't ask before you handed over your money.
32:06
SPEAKER_01: Now, Social Security, and this one ties right back to the election.
32:12
SPEAKER_01: According to Social Security's own trustees, the main trust fund that pays retirement benefits is on track to run out in the last few months of 2032.
32:22
SPEAKER_01: That's six years from now.
32:24
SPEAKER_01: And if Congress doesn't act by then, benefits get cut automatically across the board.
32:31
SPEAKER_01: The trustees say by about 22%.
32:34
SPEAKER_01: The Congressional Budget Office thinks it could come even sooner, by the middle of 2032, with a cut closer to 26%.
32:42
SPEAKER_01: And the Committee for a Responsible Federal Budget estimates the average retiree could lose about$500 a month.
32:50
SPEAKER_01: $500 a month.
32:52
SPEAKER_01: Think about what that does to a fixed income.
32:55
SPEAKER_01: And here's the election connection.
32:57
SPEAKER_01: The senators elected on Tuesday will still be in office when that deadline hits.
33:02
SPEAKER_01: And remember what we just talked about.
33:04
SPEAKER_01: Two years of gridlock.
33:06
SPEAKER_01: Tax experts say Congress probably won't act until it gets much closer to 2032.
33:11
SPEAKER_01: And every year they wait, the hole gets deeper.
33:14
SPEAKER_01: Now I'm not saying Social Security is going away.
33:17
SPEAKER_01: It's not.
33:18
SPEAKER_01: But if your whole retirement plan is that check plus a savings account that barely keeps up with inflation, you're counting on Washington to fix this on time.
33:27
SPEAKER_01: And you just saw what Washington looks like this week.
33:30
SPEAKER_01: So what can you do about it?
33:32
SPEAKER_01: A few things.
33:33
SPEAKER_01: Number one, know your number.
33:35
SPEAKER_01: Go to SSA.gov, set up your account, and look at your statement.
33:39
SPEAKER_01: Know what you're actually counting on.
33:41
SPEAKER_01: Number two, if you haven't claimed yet, understand the timing.
33:45
SPEAKER_01: For most people, every year you wait past your full retirement age, up to age 70, your monthly check goes up about 8%.
33:53
SPEAKER_01: That's a decision to make with your family and your tax professional, not on a whim.
33:58
SPEAKER_01: And number three, don't let the rest of your savings just sit there.
34:02
SPEAKER_01: If your social security check might get smaller one day, the rest of what you've built has to pull more weight.
34:08
SPEAKER_01: And one more thing, couples don't talk about enough.
34:11
SPEAKER_01: When one spouse passes, the survivor generally keeps the larger of the two Social Security checks, not both.
34:19
SPEAKER_01: So the household's income can drop a lot overnight while the bills stay the same.
34:25
SPEAKER_01: Plan for that now, together.
34:28
SPEAKER_01: So don't wait for Congress.
34:30
SPEAKER_01: Take control of the part you can control.
34:33
SPEAKER_01: If you're on Social Security or you're about to be, call my team now and ask how a gold or silver IRA works.
34:40
SPEAKER_01: 888-991-6222.
34:45
SPEAKER_01: Tell them Rich sent you.
34:46
SPEAKER_01: Or to get your free gold report, go to myfreegoldinfo.com.
34:52
SPEAKER_01: And while we're talking about seniors, here's what I want you to hear, even if you never buy an ounce of gold from me.
34:59
SPEAKER_01: Right now, insurance companies are dropping Medicare Advantage plans for 2027.
35:04
SPEAKER_01: According to Medicare Market Insights, about 3.2 million people in Medicare Advantage will have to find new coverage.
35:12
SPEAKER_01: Humana alone is dropping plans that cover about 600,000 people.
35:16
SPEAKER_01: And United Health, Aetna, and several Blue Cross plans are cutting plans or areas too.
35:23
SPEAKER_01: So here's what to do: open every letter from your plan.
35:27
SPEAKER_01: If your plan is going away, you're not left with nothing.
35:30
SPEAKER_01: You go back to original Medicare.
35:33
SPEAKER_01: But you'll probably need a separate drug plan and maybe a Medigap plan, and your dental and vision benefits won't carry over.
35:40
SPEAKER_01: Or you can pick a new Medicare Advantage plan.
35:43
SPEAKER_01: Either way, open enrollment ends December 7th.
35:47
SPEAKER_01: Don't miss it.
35:48
SPEAKER_01: And call your parents and ask if they got one of those letters.
35:51
SPEAKER_01: A lot of folks set those aside and forget about them.
35:55
SPEAKER_01: And one more thing, because this is the season for it.
35:58
SPEAKER_01: During open enrollment, the scammers come out too.
36:01
SPEAKER_01: Somebody calls saying they're from Medicare and they need your Medicare number to update your card or keep your coverage.
36:07
SPEAKER_01: Hang up.
36:08
SPEAKER_01: Medicare won't call you out of the blue asking for your number.
36:12
SPEAKER_01: If you've got a question, call the number on your Medicare card or go to Medicare.gov.
36:17
SPEAKER_01: And if you need help comparing plans, every state has a free counseling program for people on Medicare.
36:24
SPEAKER_01: It's called SHIP.
36:25
SPEAKER_01: No sales pitch, just help.
36:28
SPEAKER_01: And speaking of family, one of our clients, a couple who signed their review, Nick and Jay, wrote that we helped her and her husband roll over a 401k into gold and silver.
36:40
SPEAKER_01: And they said the person they worked with took the time to talk with both of us together.
36:46
SPEAKER_01: Both of us together.
36:47
SPEAKER_01: I love that.
36:48
SPEAKER_01: Money decisions are family decisions.
36:51
SPEAKER_01: Bring your spouse on the call.
36:53
SPEAKER_01: Bring your kids.
36:54
SPEAKER_01: We'll talk with all of you.
36:56
SPEAKER_01: Now I'm putting my old cop hat on for just a minute, because the holidays are coming and the scammers know it.
37:03
SPEAKER_01: Down in Clay County, Florida, the sheriff's office says a scam cost local victims nearly$70,000 in just two weeks.
37:12
SPEAKER_01: Here's how it works somebody calls, pretending to be from your bank's fraud department.
37:16
SPEAKER_01: They say there's a problem with your money.
37:19
SPEAKER_01: And then they tell you to go to the bank, take out cash, and hand it over in a cereal box.
37:26
SPEAKER_01: A cereal box.
37:27
SPEAKER_01: They even tell people they need to get fingerprints off the money.
37:31
SPEAKER_01: Investigators say they expect scams like this to pick up during the holidays.
37:37
SPEAKER_01: And out in San Diego, the district attorney's office is warning about a fast-growing scam where people are told to buy gold bars and hand them to a courier, quote, for safekeeping.
37:48
SPEAKER_01: We talked about that one last week.
37:50
SPEAKER_01: It's still going around.
37:52
SPEAKER_01: So here's the short version from a guy who used to wear the badge.
37:55
SPEAKER_01: Your bank will never ask you to withdraw cash to protect it.
38:00
SPEAKER_01: A real officer will never ask you for money or gold or gift cards.
38:05
SPEAKER_01: And nobody legitimate will ever send a courier to pick up your money.
38:10
SPEAKER_01: Not in an envelope, not in a gold bar, and definitely not in a box of cornflakes.
38:16
SPEAKER_01: Hang up.
38:16
SPEAKER_01: Call your bank yourself using the number on the back of your card.
38:20
SPEAKER_01: And if it happens to you or someone you love, call your local police and report it to the FBI at ic3.gov.
38:29
SPEAKER_01: Alright, here's the question I promised you last week.
38:32
SPEAKER_01: Rich, should I keep my gold at home?
38:35
SPEAKER_01: First, you need to know there are two ways to own gold with us.
38:39
SPEAKER_01: One is inside an IRA.
38:41
SPEAKER_01: That's gold in a retirement account.
38:43
SPEAKER_01: And by law, it's held by an approved custodian at an approved insured depository in your name.
38:50
SPEAKER_01: You can't keep IRA gold in your closet.
38:52
SPEAKER_01: And like any IRA, it's reported to the IRS.
38:57
SPEAKER_01: The other way is buying gold or silver outright with your savings outside of an IRA and having it delivered to you.
39:06
SPEAKER_01: And a lot of folks like that for one big reason: privacy.
39:11
SPEAKER_01: Gold you buy outside an IRA and keep yourself is private.
39:16
SPEAKER_01: It's not sitting in a bank, it's not on some app.
39:19
SPEAKER_01: And when you pay with a check or a wire, the purchase itself doesn't get reported to the IRS the way your brokerage reports every single trade.
39:31
SPEAKER_01: Now let me give you the straight story, because I'm not going to sell you a fairy tale.
39:35
SPEAKER_01: If you pay more than$10,000 in cash, the dealer has to file a federal form.
39:40
SPEAKER_01: That's the law for anything.
39:42
SPEAKER_01: Some sales back to a dealer get reported.
39:45
SPEAKER_01: And if you sell at a profit, you owe tax on it.
39:48
SPEAKER_01: If anybody ever tells you gold is a way to dodge taxes, walk away.
39:52
SPEAKER_01: That's not privacy, that's trouble.
39:56
SPEAKER_01: So if you do keep gold at home, here's my old cop checklist.
40:00
SPEAKER_01: Number one, don't tell people.
40:03
SPEAKER_01: Not your neighbor, not your golf buddy, and definitely not social media.
40:07
SPEAKER_01: Number two, get a real safe and have it bolted down.
40:11
SPEAKER_01: A shoebox in the closet is the first place a burglar looks.
40:15
SPEAKER_01: Number three, call your insurance agent.
40:18
SPEAKER_01: A lot of homeowners' policies only cover a small amount of coins or bullion unless you add extra coverage.
40:25
SPEAKER_01: Number four, keep your purchase records.
40:28
SPEAKER_01: You'll need them when you sell.
40:29
SPEAKER_01: And number five, make sure one person you trust knows it's there and where.
40:34
SPEAKER_01: I've seen families lose things because nobody knew they existed.
40:39
SPEAKER_01: And if that sounds like too much, a lot of folks do a little of both.
40:43
SPEAKER_01: Some at home, some in a professional depository.
40:46
SPEAKER_01: There's no one right answer.
40:48
SPEAKER_01: Call my team and ask how each option works.
40:51
SPEAKER_01: 888-991-6222.
40:54
SPEAKER_01: Or to get your free gold report, go to myfreegoldinfo.com.
41:00
SPEAKER_01: And one more.
41:01
SPEAKER_01: A client named Dorothy, who was buying medals for the first time, left us a review.
41:06
SPEAKER_01: And she wrote, The company owner Rich called me personally to check in.
41:11
SPEAKER_01: Dorothy, I meant it.
41:12
SPEAKER_01: And I mean it for everybody listening.
41:14
SPEAKER_01: If you want me, ask for me.
41:17
SPEAKER_01: So let's do a quick gold check.
41:19
SPEAKER_01: Gold had a big morning after the election.
41:21
SPEAKER_01: It climbed back above$4,000 an ounce, but it's still well below its record from back in January.
41:27
SPEAKER_01: And why does gold usually go up when the dollar goes down?
41:31
SPEAKER_01: Simple.
41:32
SPEAKER_01: Gold is priced in dollars.
41:33
SPEAKER_01: So when the dollar gets weaker, it takes more dollars to buy the same ounce of gold.
41:39
SPEAKER_01: The gold didn't change, the dollar did.
41:41
SPEAKER_01: And that's the whole point.
41:43
SPEAKER_01: Over time, the dollar has lost a lot of its buying power.
41:47
SPEAKER_01: Gold has held on to its own.
41:49
SPEAKER_01: Think about it.
41:50
SPEAKER_01: Remember what a dollar bought when you were a kid.
41:53
SPEAKER_01: Now look at what it buys today.
41:55
SPEAKER_01: The dollar's been shrinking your whole life.
41:57
SPEAKER_01: That's not gold getting expensive.
41:59
SPEAKER_01: That's your dollar getting weaker.
42:02
SPEAKER_01: So if you've been sitting on the sidelines waiting for gold to come down, it came down.
42:07
SPEAKER_01: I'm not going to tell you where it goes next.
42:08
SPEAKER_01: Nobody can.
42:09
SPEAKER_01: But the reasons it climbed in the first place haven't gone anywhere.
42:13
SPEAKER_01: A$40 trillion debt,$20 trillion in interest coming, gridlock in Washington, and central banks buying at their fastest pace in almost two years.
42:23
SPEAKER_01: They're not waiting for the perfect price, so don't let another few months slip by.
42:28
SPEAKER_01: Call my team now, 888-991-6222.
42:33
SPEAKER_01: Tell them Rich sent you.
42:34
SPEAKER_01: Or to get your free gold report, go to myfreegoldinfo.com.
42:39
SPEAKER_01: And another client, Hayden, kept it short.
42:42
SPEAKER_01: He said he was recommended by a friend and it was professional and quick.
42:48
SPEAKER_01: Recommended by a friend.
42:49
SPEAKER_01: That's how the good stuff spreads.
42:52
SPEAKER_01: If this show's helped you, tell a friend about it.
42:55
SPEAKER_01: And if you've never called a gold company before, here's exactly what happens.
43:00
SPEAKER_01: You call 888-991-6222.
43:06
SPEAKER_01: A real person on my team answers.
43:09
SPEAKER_01: They'll ask what you're trying to do and what kind of accounts you have: savings, CDs, a 401k, an IRA, a TSP, an annuity.
43:20
SPEAKER_01: It helps to have your latest statement handy so you know where you stand.
43:24
SPEAKER_01: Then they'll explain how it works in plain English, what it costs, what the fees are, how it's held, and in whose name, and how you'd sell it back if you ever wanted to.
43:36
SPEAKER_01: And then you decide, not us.
43:39
SPEAKER_01: Hang up, think about it, talk to your spouse, talk to your kids, call us back next week, or never.
43:47
SPEAKER_01: Nobody's gonna pressure you.
43:48
SPEAKER_01: And if anybody ever does, ask for me.
43:51
SPEAKER_01: That's my promise.
43:53
SPEAKER_01: Before I let you go, I want to tell you why I do this.
43:57
SPEAKER_01: My grandfather served in World War II.
44:00
SPEAKER_01: Sharp guy, his whole life.
44:02
SPEAKER_01: But in his later years, he got wrapped up in one of those sweepstakes deals.
44:06
SPEAKER_01: They kept telling him he'd won.
44:08
SPEAKER_01: Just send a little more.
44:10
SPEAKER_01: And one day a truck was gonna show up with a big check.
44:13
SPEAKER_01: Nobody ever came.
44:15
SPEAKER_01: He lost everything, and our whole family had to chip in to take care of him.
44:20
SPEAKER_01: So when somebody came to me and said, a lot of companies in the gold business were taking advantage of seniors, I thought about my grandfather.
44:28
SPEAKER_01: I went into the LAPD to help people.
44:30
SPEAKER_01: This is how I help people now.
44:32
SPEAKER_01: Show you the real price before you buy.
44:34
SPEAKER_01: Stick to widely recognized coins and bars, and answer every question, including the uncomfortable ones.
44:41
SPEAKER_01: So do one thing for me this week.
44:44
SPEAKER_01: You saw what happened.
44:45
SPEAKER_01: Washington changed hands, and the money moved before breakfast.
44:49
SPEAKER_01: The debt's still growing, the interest bill is headed toward$200 billion a month, and the central banks keep buying gold.
44:58
SPEAKER_01: Now do something with it.
45:00
SPEAKER_01: Take an honest look at where your money's sitting.
45:02
SPEAKER_01: Not someday, now.
45:04
SPEAKER_01: And while you're at it, call your mom and dad.
45:08
SPEAKER_01: Ask if they got a letter about their Medicare plan.
45:10
SPEAKER_01: And remind them, your bank will never ask you to hand over cash in a cereal box.
45:17
SPEAKER_01: 888-991-6222.
45:21
SPEAKER_01: Again, 888-991-6222.
45:25
SPEAKER_01: Or text report to 638-257.
45:30
SPEAKER_01: Or go to myfreegoldinfo.com.
45:33
SPEAKER_01: Free investor kit and on qualifying purchases up to$25,000 in free silver.
45:39
SPEAKER_01: Call for details.
45:40
SPEAKER_01: And when you call, tell them Rich sent you.
45:43
SPEAKER_01: If you want me, ask for me and I'll call you back.
45:47
SPEAKER_01: All right, I'm Rich Jacoby.
45:49
SPEAKER_01: This is the Crest Report.
45:50
SPEAKER_01: Follow the money.
45:51
SPEAKER_01: And let's take care of what you've built.
45:54
SPEAKER_01: See you next week.
46:03
SPEAKER_00: The Crest Report is brought to you by Golden Crest Medals for your free no obligation investor gift, plus up to$25,000 in free silver on qualifying purchases.