Latest / The Crest Report / The Deal Is Dead, Inflation Is Lying to You, and Gold Is Still on Sale

Transcript

The Deal Is Dead, Inflation Is Lying to You, and Gold Is Still on Sale · The Crest Report

0:08
SPEAKER_00: From Golden Crest Metals, this 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.
0:18
SPEAKER_00: And now, here's your host, Jeremy Harrell.
0:42
SPEAKER_01: It is great to have you here today.
0:44
SPEAKER_01: We hope you're having a wonderful and beautiful day.
0:46
SPEAKER_01: Hope you had a good morning.
0:47
SPEAKER_01: Hope you're having a good afternoon, depending on where you're listening.
0:50
SPEAKER_01: And it's about to get better.
0:52
SPEAKER_01: Why?
0:52
SPEAKER_01: Because this is your one-stop shop podcast for everything precious metal investment.
1:00
SPEAKER_01: That means palladium.
1:01
SPEAKER_01: That means platinum.
1:02
SPEAKER_01: That means silver, and yes, that means that coveted gold, ladies and gentlemen.
1:07
SPEAKER_01: And today we are gonna bring you through all the news as it relates to precious metals, why the price is where it is, what opportunities that you have in store for you, and different ways for you to diversify your portfolio.
1:24
SPEAKER_01: Thank you for being here today.
1:25
SPEAKER_01: We appreciate it.
1:27
SPEAKER_01: We've got a few things to talk about today.
1:28
SPEAKER_01: We're gonna go through.
1:29
SPEAKER_01: Let me kind of give you an overview of how we're going to frame the show today, and uh it kind of lets you know how we get to the conclusion that we get to and offer the advice that we offer.
1:43
SPEAKER_01: So we're obviously going to be talking about the Iran situation because that absolutely is in play when you're talking about the price of gold, silver, platinum, platinum, the stock market, the dollar, the price of oil, why people are uh investing, why they're not investing, things of that nature.
2:05
SPEAKER_01: We're also gonna be talking in depth about inflation and the reduction that we just saw in our inflation here in the country.
2:14
SPEAKER_01: After that, we're gonna move on uh a little bit more to what the media is not covering when it comes to this uh conflict that we're dealing with in Iran and what it's costing us, and we'll dive deep into that as well.
2:28
SPEAKER_01: And of course, we can never finish out the day without really diving in deep the price of gold, where it's at, why it's there, what the central, you know, banks of the world and the and the large financial institutions are talking about.
2:42
SPEAKER_01: And then, of course, we're gonna get in get in uh deep with silver as well, and discuss the price of silver and why today might be one of your best opportunities to get in on some silver and yes, some gold.
2:58
SPEAKER_01: And then, you know, we'll talk a little a little bit more about the uh you know, building a system where every dollar you spend can be tracked, frozen, or blocked.
3:08
SPEAKER_01: Who's doing that and why?
3:10
SPEAKER_01: All of that, ladies and gentlemen, right here on the crest report.
3:15
SPEAKER_01: Again, thank you for being here.
3:17
SPEAKER_01: I kind of want to get started here, but before we do, before we do, I always encourage everybody to visit Goldencrestmetals.com.
3:28
SPEAKER_01: Goldencrestmetals.com.
3:30
SPEAKER_01: It'd be, you know what, if you're watching on your TV or if you're listening on audio, wherever you're getting this information, make sure that you have a tab pulled up.
3:39
SPEAKER_01: Goldencrestmetals.com.
3:41
SPEAKER_01: And while you're listening to the show today, you can absolutely uh you know refer back to the website.
3:46
SPEAKER_01: There's some good information on there, there's some good frequently asked questions on there.
3:50
SPEAKER_01: Um, and you know, it helps familiarize yourself a little bit more with who Golden Crest Metals is, why we're here, what we do, and I gotta tell you, since joining this team, even before joining the team, one thing that I always heard the people say here, and and including uh Rich Jacoby himself, uh, whom you've probably heard of and know here at Golden Crest Metals.
4:14
SPEAKER_01: But if you haven't, one thing that is that he's always talking about, one thing that always seems to ring true, is his absolute desire to give you information.
4:26
SPEAKER_01: You see, little uh ladies and gentlemen, information is everything.
4:30
SPEAKER_01: The more you know, the better.
4:32
SPEAKER_01: And regardless of uh what you've heard about silver and gold before, uh what you're hearing now, one thing that we pride ourselves on here at Golden Crest Metals is to give you information.
4:43
SPEAKER_01: Now you can take that information and you can do what you will with it.
4:47
SPEAKER_01: There's no pressure uh in pushing you to buy uh precious metals from Golden Crest Metals.
4:53
SPEAKER_01: But one thing that we know for sure is if we can give you reliable information, then we're probably gonna be the trusted partner that you go to when you have questions, when you have concerns, when you might want to add to your portfolio, or when you might want to uh liquidate that portfolio.
5:11
SPEAKER_01: Golden Crest Metals is gonna be here for you no matter what, any time of day.
5:16
SPEAKER_01: We're here.
5:16
SPEAKER_01: Let us know what your what your concern is or what your questions are, and uh we'll be happy to have a conversation with you.
5:22
SPEAKER_01: Heck, we even set up Zoom meetings, and uh we we believe that that truthful, uh factual knowledge and information is the greatest way to instill uh a sense of um discernment in your decision making when it comes to diversifying your portfolio.
5:41
SPEAKER_01: Another thing that I'll say before we really dig into the information here today, for everybody that's listening, if you are a new listener, again, goldencrestmetals.com.
5:51
SPEAKER_01: But as you uh get older, and even even youngsters are starting to do this now, there's a lot of there's a lot of special accounts that youngsters can sign up for for their future.
6:00
SPEAKER_01: But as you get older, you start realizing that social security probably isn't going to cut it.
6:05
SPEAKER_01: You start realizing that I don't think that I can live off if Social Security even exists by the time you get ready to retire.
6:14
SPEAKER_01: I don't think that I could live off the very little that Social Security offers.
6:19
SPEAKER_01: If that's you, then let me just tell you this.
6:23
SPEAKER_01: Precious metals is a great, great investment.
6:28
SPEAKER_01: And it's something tangible, it's something physical, it's something you can hold, it's something that can't be manipulated or the rug can't be pulled out from under you.
6:38
SPEAKER_01: It is a great investment if you are kind of just relying on Social Security.
6:44
SPEAKER_01: Now, a lot of families uh uh with a diverse portfolio not only have Social Security to fall back on, but they've got 401ks, so you might have that to add.
6:55
SPEAKER_01: You might have an IRA or Roth account.
6:58
SPEAKER_01: You can obviously you can add that to it.
7:00
SPEAKER_01: A lot of families, a lot of people will have their you know, their their equity in their home or their sweat equity even in their home as a plan for retirement.
7:09
SPEAKER_01: Maybe you sell the home later in life, get a smaller home.
7:12
SPEAKER_01: Uh maybe you just have a savings account.
7:14
SPEAKER_01: Maybe you have, I mean, there's a ton of different ways to diversify, but I can I can tell you this.
7:21
SPEAKER_01: If you look, and I say this every week, if you look at the last five years, where gold and silver were and where they are now, you can see that it's a massive increase.
7:33
SPEAKER_01: Look at five years before that and do it in five-year increments, and then decide for yourself is precious metals something that is worth me investing in as I look forward, whether it be five years, ten years, or twenty years, to my retirement?
7:49
SPEAKER_01: And I will say this too precious metals should always be a long-term investment.
7:53
SPEAKER_01: And when we say long-term investment, we're talking at least five years.
7:58
SPEAKER_01: And we have history to teach us why.
8:01
SPEAKER_01: So do that in your own spare time and think about what it could mean if you actually invested now and held and sat on gold, silver, platinum, and platinum for the next 20 years.
8:12
SPEAKER_01: Where what could your retirement look like?
8:15
SPEAKER_01: I think that's a valid question.
8:18
SPEAKER_01: And I think it's a um definitely a conversation that you could benefit from for absolute free of charge by getting a hold of somebody here at Golden Crest Medals.
8:30
SPEAKER_01: Okay?
8:31
SPEAKER_01: All right, again, goldencrestmetals.com, that is goldencrestmetals.com.
8:36
SPEAKER_01: And if you hang around for just a little bit, we'll tell you how you could be eligible for up to$25,000 of free silver and some other free stuff.
8:50
SPEAKER_01: But you got to stick around for that one.
8:52
SPEAKER_01: Let's get busy.
8:53
SPEAKER_01: Let's get into the first topic of today's show.
8:56
SPEAKER_01: Again, this is the Crest Report.
8:57
SPEAKER_01: And my name is Jeremy Harrell.
8:59
SPEAKER_01: On behalf of everybody here at Golden Crest Medals, thank you for listening.
9:02
SPEAKER_01: Thank you for joining in.
9:04
SPEAKER_01: The deal collapsed, folks.
9:07
SPEAKER_01: Once again, the war, the conflict, the situation in Iran has heated up.
9:14
SPEAKER_01: We have had consistent days, consecutive days, day after day after day, where the President of the United States has been initiating some serious military strikes in Iran.
9:29
SPEAKER_01: And just as predicted, gas is heading back up to$4 and above, again, depending on where you live.
9:38
SPEAKER_01: The deal that President Trump signed in Versailles on June 17th, done.
9:46
SPEAKER_01: Whatever deal that had been signed is now done, and a new deal would have to be signed in order for this to finally stop.
9:54
SPEAKER_01: Now I know that there's people out there listening that absolutely support what our president is doing, and I also understand the flip side of it that there are people listening that do not support what our president is doing.
10:05
SPEAKER_01: I think that we can, regardless of whether you support or whether you don't support, I think we can all come to the same conclusion that ending this would be good for everybody.
10:18
SPEAKER_01: So if the whatever mission is accomplished, I think it's time that we figure out a way to end it.
10:26
SPEAKER_01: If the mission is not accomplished, well then it would be nice to hear that from our leadership and exactly what is needed to be accomplished.
10:35
SPEAKER_01: I think that would instill a little bit of uh, you know, foresight and some relief for the American people and the American consumer and the American investor.
10:46
SPEAKER_01: An Iranian drone hit a cargo ship on June 25th, and the whole thing unraveled from there.
10:53
SPEAKER_01: Each side struck back, then again, then again, then again.
10:59
SPEAKER_01: By July 7th, President Trump said the truce was over.
11:04
SPEAKER_01: This week, the U.S.
11:06
SPEAKER_01: launched multiple waves of strikes on Iran, hitting air defense systems, radars, and over 60 IRGC boats.
11:16
SPEAKER_01: Iran struck back, hitting bases, U.S.
11:20
SPEAKER_01: bases, in Jordan.
11:22
SPEAKER_01: Three American soldiers were killed over the weekend.
11:26
SPEAKER_01: The death toll of U.S.
11:28
SPEAKER_01: service members now stands at 15.
11:34
SPEAKER_01: So, whenever a U.S.
11:36
SPEAKER_01: soldier dies, it's a very sad thing, but it's also kind of like uh it kind of makes you reassess the situation, doesn't it?
11:47
SPEAKER_01: And the president responded in, you've killed our Americans, now you're going to pay for it.
11:54
SPEAKER_01: And what I believe is upwards of 10 days of consecutive strikes on Iran.
12:02
SPEAKER_01: And the Strait of Hormuz, while temporarily was open, still remains partially open, but barely.
12:13
SPEAKER_01: Before the war, 110 ships a day were going through the strait.
12:19
SPEAKER_01: Right now, it's about 13 ships in a 24-hour window.
12:24
SPEAKER_01: Now, that's not a uh that is not a functional global oil checkpoint.
12:31
SPEAKER_01: It would be described as what we would know as a trickle, right?
12:34
SPEAKER_01: Like the trickle that comes out of the hose.
12:37
SPEAKER_01: It's not on full blast.
12:39
SPEAKER_01: Now, we did get some word this week that Saudi Arabia, I think, signed 40 some odd contracts with different companies to bypass the Strait of Hormuz.
12:53
SPEAKER_01: And we also know that the United States has become a very large oil and natural gas exporter, especially to countries like Japan.
13:03
SPEAKER_01: Will the global, will there be a global reset on where people get oil?
13:07
SPEAKER_01: Maybe.
13:08
SPEAKER_01: I do think that's the president's ultimate plan, is to kind of, you know, change the way the world thinks and change the way uh where and and who the the world buys their energy from.
13:19
SPEAKER_01: I do think that's a big part of the plan, absolutely.
13:23
SPEAKER_01: But as of right now, through that straight, it is only to be scribed to uh described as a trickle.
13:29
SPEAKER_01: And gas obviously is going to head back towards$4 and above.
13:33
SPEAKER_01: Gas buddies analysts said this week we are probably a week away from the national average hitting$4 again.
13:43
SPEAKER_01: Unquote.
13:44
SPEAKER_01: The June CPI relief from falling gas prices already wiped out.
13:50
SPEAKER_01: And see, the general public doesn't remember.
13:54
SPEAKER_01: Oh, I had days of good uh you know, of low gas prices.
13:59
SPEAKER_01: The general public lives in the now.
14:02
SPEAKER_01: They vote based in the now.
14:05
SPEAKER_01: Very rarely do they remember good times.
14:09
SPEAKER_01: So it's all about what's happening, happening presently.
14:12
SPEAKER_01: Oil surged 9% in one day.
14:16
SPEAKER_01: WTI crew jumped more than 9% in a single session.
14:21
SPEAKER_01: The biggest one-day move since April.
14:25
SPEAKER_01: Wells Fargo said and said it plainly as well.
14:28
SPEAKER_01: Until the straight situation changes, you can consistently expect higher oil, higher inflation, and more market chaos.
14:36
SPEAKER_01: It's just the way the market is responding.
14:40
SPEAKER_01: You don't have to like it, I don't have to like it, but it's the way the market is responding.
14:45
SPEAKER_01: And until that changes, meaning that the world changes, where they get their energy from, or the conflict ends, that's going to be the case.
14:55
SPEAKER_01: Now, J.D.
14:56
SPEAKER_01: Vance, he did go on Joe Rogan, and he told the audience, you cannot bomb your way out of this.
15:05
SPEAKER_01: The only solution is diplomacy.
15:08
SPEAKER_01: Meanwhile, you've got President Trump literally threatening to target Iranian infrastructure and bomb it.
15:17
SPEAKER_01: Both things are being said simultaneously by the same administration.
15:21
SPEAKER_01: Now, politically, that might be that might not be a big issue, right?
15:27
SPEAKER_01: You've got President Trump, who is a bull in a China shop, and you've got JD Vance, who is more of a smooth talker.
15:37
SPEAKER_01: And uh, and I don't say smooth talker isn't lying to you, just a more finesse way about you know approaching a situation.
15:45
SPEAKER_01: And I think the two things can be true at the same time.
15:48
SPEAKER_01: No, you cannot bomb your way out of this, ultimately.
15:52
SPEAKER_01: You would be in a never-ending Vietnam-style war because these this country has bases and headquarters uh underground throughout the entire country, and the country is vast.
16:03
SPEAKER_01: It's not like fighting, you know, traditional war.
16:06
SPEAKER_01: It is it is very difficult.
16:08
SPEAKER_01: Look what look at the first Gulf War, look at uh Kuwait.
16:11
SPEAKER_01: It was it's a mess over there because it's very difficult uh to even put boots on the ground there because of all the underground bases and caves and things like that.
16:21
SPEAKER_01: So, no, I don't think you can ultimately bomb your way out of it.
16:25
SPEAKER_01: But I also do think that you can bomb your way into diplomacy.
16:29
SPEAKER_01: So I think two things can be true at the same time, and I think the two president, uh the president and the vice president saying something different isn't um politically, anyway, isn't that big of a uh of a deal, but but, or as some say, however, comma, it is a big deal financially, it is a big deal economically, it is a big deal when it comes to how the markets and how investors respond.
16:56
SPEAKER_01: So having that conflicting, you know, those conflicting statements from from the administration, while it may not be a political uh disaster to do so, it definitely is sending mixed messages throughout the financial realm.
17:12
SPEAKER_01: So, you know, something that we gotta call it out because it's part of why uh the prices look the way they do right now, why the economy looks the way that it does right now, and how the markets are responding.
17:23
SPEAKER_01: The bottom line, the conflict isn't over.
17:27
SPEAKER_01: The war is not over.
17:29
SPEAKER_01: And the reason why I do that is because some people just define war as something different, but people are dying, bombs are flying, and markets are responding.
17:39
SPEAKER_01: That is true.
17:41
SPEAKER_01: The ceasefire was a 30-day pause.
17:44
SPEAKER_01: The underlying conflict: who controls the Strait of Hormuz?
17:51
SPEAKER_01: And that's not been resolved.
17:53
SPEAKER_01: Until it is.
17:56
SPEAKER_01: The truth of the matter is the 800-pound gorilla in the room is everything else in this economy gets filtered through that one checkpoint.
18:08
SPEAKER_01: Now, for those of you who stayed, I'm gonna give you a phone number, I'm gonna give you a text initiative, and I'm gonna tell you what is available to you as a potential investor in gold, silver, palladium, and platinum.
18:28
SPEAKER_01: I'd like you to text the word report, like your report card that you used to try to hide from mom and dad.
18:35
SPEAKER_01: I would like you to text the word report to metals.
18:43
SPEAKER_01: Or if you're dialing, it's 638-257.
18:48
SPEAKER_01: So one more time.
18:49
SPEAKER_01: You text the report to the number that spells out metals, you know, like precious metals, M-E-T-A-L-S.
18:56
SPEAKER_01: You text that word report right now to metals, which is 638-257.
19:06
SPEAKER_01: Again, text the word report to 638-257.
19:11
SPEAKER_01: You do that right now, then you're going to contact Goldencrest Metals, and there's an offer out there for you, too.
19:19
SPEAKER_01: It's a free portfolio review, a free no obligation investor kit, and up to$25,000 of free silver with qualified purchases.
19:33
SPEAKER_01: Do you have any idea just by looking back through history what$25,000 of silver is going to be worth in 20 years?
19:40
SPEAKER_01: I'd jump on that if I was you.
19:42
SPEAKER_01: Now the website, goldencrestmetals.com.
19:46
SPEAKER_01: Goldencrestmetals.com, and here's the phone number for you to call direct.
19:50
SPEAKER_01: For everybody that's listening right now, grab your phone or grab a pen, grab a piece of paper, or grab a number two pencil.
19:58
SPEAKER_01: Who remembers that?
20:00
SPEAKER_01: 888 991 6222.
20:05
SPEAKER_01: That is 888 991 6222.
20:14
SPEAKER_01: GoldenCrestmetals.com or text the word report to 638-257 right now and see how you can if you are eligible to get that$25,000 in free silver with your qualified purchase.
20:32
SPEAKER_01: Now here's another thing.
20:34
SPEAKER_01: You're going to get a free portfolio review and you're going to get a free no obligation investor kit.
20:39
SPEAKER_01: That alone is worth the call.
20:41
SPEAKER_01: That alone is worth the text of report to 638-257.
20:47
SPEAKER_01: That alone wants you to pick up the phone and call 888-991-6222, 888-991-6222.
20:55
SPEAKER_01: Free.
20:56
SPEAKER_01: I'll take free.
20:57
SPEAKER_01: All I got to do is call or go to Golden Crest Metals.
21:00
SPEAKER_01: Give me free.
21:00
SPEAKER_01: Give me the free portfolio review.
21:03
SPEAKER_01: Look at my current portfolio and tell me, give me some suggestions as to how precious metals can help.
21:11
SPEAKER_01: In the addition or the liquidation, depending on if you got a lot of your own.
21:16
SPEAKER_01: Also, a free no obligation investor kit.
21:19
SPEAKER_01: Look, I remember when I first got my investor kit, it was like waiting in the mail for your Mad magazine when you were a kid.
21:26
SPEAKER_01: It was like waiting in the mail to get all your to send all your bazooka bubblegum in and get your decoder ring.
21:33
SPEAKER_01: Remember that?
21:34
SPEAKER_01: You get that free no obligation investor kit.
21:38
SPEAKER_01: There's packed with uh pertinent information in there, talking about mints, different kinds of coins, the difference between bouillon and bars and everything.
21:48
SPEAKER_01: It's just more knowledge.
21:50
SPEAKER_01: That same knowledge that I spoke of at the beginning of this show.
21:55
SPEAKER_01: We just want you to have knowledge.
21:58
SPEAKER_01: Okay?
21:59
SPEAKER_01: Now.
22:01
SPEAKER_01: As we're getting back into this here, the inflation rate, this is another huge story.
22:07
SPEAKER_01: The inflation rate dropped from 4.2 to 3.5.
22:11
SPEAKER_01: So, in all of the you know, negative stuff that's going on out there in the news, the good news is inflation dropped from 4.2 to 3.5%.
22:24
SPEAKER_01: But here's the problem.
22:27
SPEAKER_01: If that would have happened at the same time as the conflict ending, you would have had a perfect recipe.
22:34
SPEAKER_01: You'd had a perfect recipe.
22:38
SPEAKER_01: The good news is that the June CPI came in at 3.5%.
22:42
SPEAKER_01: As I said, it's great news, right?
22:45
SPEAKER_01: Down from 4.2%.
22:47
SPEAKER_01: The biggest monthly price drop since April 2020.
22:51
SPEAKER_01: Gas fell 9.7% in June.
22:55
SPEAKER_01: Things are looking great, right?
22:57
SPEAKER_01: Core inflation was flat for a month, and on paper that looks great.
23:01
SPEAKER_01: Why it happened though?
23:03
SPEAKER_01: The ceasefire in June brought oil prices down.
23:07
SPEAKER_01: Brent fell from over$90 to around$73 by the end of the month.
23:14
SPEAKER_01: Lower oil equals lower gas equals lower CPI, simple cause and effect.
23:21
SPEAKER_01: However, here's the problem.
23:23
SPEAKER_01: The war restarted.
23:25
SPEAKER_01: Oil already surged back up the 9% that it lost that it was reduced the month before in a single day this week.
23:34
SPEAKER_01: And like I said, Gas Buddy says that we are a week away from$4 gas.
23:40
SPEAKER_01: The June CPI number is already ancient history.
23:43
SPEAKER_01: It does not reflect where prices are going right now.
23:46
SPEAKER_01: Now, if we get another one of these great ceasefires at the same time as we see this other stuff, then that's going to be great, but it always hinges on that straight.
23:56
SPEAKER_01: Warsh said it himself.
23:58
SPEAKER_01: Kevin Warsh, he said it himself, folks.
24:00
SPEAKER_01: When the June CPI dropped, Fed chair Warsh said some people will look at this and say, mission accomplished.
24:06
SPEAKER_01: That is not my view.
24:08
SPEAKER_01: The man running the Fed is telling you not to celebrate yet.
24:12
SPEAKER_01: Okay?
24:14
SPEAKER_01: Not to celebrate yet.
24:18
SPEAKER_01: Now we'll move on.
24:21
SPEAKER_01: And let's move on to the September hike, is still on.
24:26
SPEAKER_01: Markets are pricing a 53.5% chance.
24:31
SPEAKER_01: Okay?
24:32
SPEAKER_01: For all those tuning in, welcome to the Crest Report, GoldenCrestmetals.com.
24:37
SPEAKER_01: Thank you for joining in.
24:39
SPEAKER_01: Markets are pricing a 53.5% chance of a rate hike in September in the Fed.
24:46
SPEAKER_01: The Fed is not done.
24:49
SPEAKER_01: One good month of data driven entirely by a ceasefighter, ceasefire, excuse me, that just collapsed.
24:56
SPEAKER_01: It's not going to change that.
24:58
SPEAKER_01: There's an underlying problem here, folks, that we're always going to have, no matter what short-term relief we see.
25:06
SPEAKER_01: And that is the debt.
25:09
SPEAKER_01: The$40 trillion in debt.
25:14
SPEAKER_01: The trillion dollars a year we are spending just on interest payments alone.
25:22
SPEAKER_01: Until that changes, gold, silver, platinum, and platinum are always going to look yummy.
25:30
SPEAKER_01: Okay?
25:33
SPEAKER_01: The debt looks yucky.
25:35
SPEAKER_01: The interest looks yucky.
25:37
SPEAKER_01: And it makes eh, maybe it makes you look at gold and silver and say, yummy.
25:42
SPEAKER_01: Maybe I want, maybe I want to invest in that because I don't trust the markets and I don't trust the dollar.
25:49
SPEAKER_01: And the reason why I don't trust these things is because history.
25:55
SPEAKER_01: Now, what does this mean for your money?
25:57
SPEAKER_01: Your paycheck is not keeping up.
25:59
SPEAKER_01: We talked about this already.
26:01
SPEAKER_01: Food prices still high.
26:03
SPEAKER_01: Shelter cost, and I will say this, I will give credit where credit is due.
26:07
SPEAKER_01: A lot of food prices are down.
26:09
SPEAKER_01: Overall, grocery bills are down from where they were two and a half years ago.
26:15
SPEAKER_01: Egg prices are down, protein is still up.
26:19
SPEAKER_01: Protein is still up, but egg prices, a lot of the fruit prices and vegetable prices, they are down.
26:24
SPEAKER_01: And I think overall grocery bills look better than they did two and a half years ago, but it doesn't matter.
26:31
SPEAKER_01: Because when you have, and unless inflation stays down where it is, and unless they either lower the rates or keep the rates where they are, it doesn't really matter.
26:44
SPEAKER_01: The one thing that just the one thing that made June look good was gas prices.
26:49
SPEAKER_01: But that's already reversed.
26:51
SPEAKER_01: And again, it's going to be like that until we completely end what's going on in Iran.
26:57
SPEAKER_01: The inflation fight has not been won.
27:00
SPEAKER_01: It's temporary.
27:03
SPEAKER_01: We pray that it holds, but it all has, I mean, you're going to really see by September of this year, depending on what the Fed does, and I and I think that depending on what happens in Iran is also going to affect the way the Fed you know makes up their mind as well.
27:21
SPEAKER_01: The media is not covering the three Americans that passed away there.
27:28
SPEAKER_01: And I would be remiss if all this talk of finances and portfolios and how to diversify and how to stay ahead of the things, I would be remiss if I didn't talk about that.
27:43
SPEAKER_01: I know this is a financial show, but I also report the news daily too.
27:50
SPEAKER_01: And if you're out there listening right now, chances are you're an American.
27:56
SPEAKER_01: It doesn't matter if those soldiers voted blue, and it doesn't matter if those soldiers voted red.
28:03
SPEAKER_01: Iranian strikes hit a U.S.
28:05
SPEAKER_01: airbase in Jordan.
28:06
SPEAKER_01: Two soldiers were from Texas.
28:08
SPEAKER_01: One soldier was from Hawaii.
28:11
SPEAKER_01: Total American military deaths in this conflict?
28:14
SPEAKER_01: Some would say over 15, but 15 is definitely the for sure number.
28:21
SPEAKER_01: And that number barely makes the news cycle.
28:25
SPEAKER_01: Now you would think that the mainstream media being what it is, it would take any opportunity it could to talk about that, but they don't.
28:32
SPEAKER_01: I don't understand why.
28:35
SPEAKER_01: So let us here at the Crest Report at least give honor and respect to those soldiers who deserve it for putting their lives on the line.
28:46
SPEAKER_01: One thing, and as a former National Guard Army Reserve reservist, I can tell you my grandfather was a frogman in the military before they were called Navy SEALs.
29:01
SPEAKER_01: My other grandfather was an infantry.
29:04
SPEAKER_01: Both my grandfathers, Korean War, World War II, received Purple Hearts.
29:09
SPEAKER_01: I come from a military family.
29:12
SPEAKER_01: They also, after the military, my one grandfather went into the railroad, and my father ended up following him after that, and my father worked his life on the railroad.
29:21
SPEAKER_01: My other grandfather went on to own an electric business that's still in uh still an electric company today, and my cousin, his grandson, still runs it.
29:32
SPEAKER_01: Our family has great allegiance to this country, to the flag.
29:38
SPEAKER_01: And one thing that I'll always say is that when you're a military enlistee, when you sign your name on that dotted line, you've weighed the pros and cons.
29:49
SPEAKER_01: You've weighed the pros and cons, you understand what you're signing up for.
29:53
SPEAKER_01: As a matter of fact, I think, and I and I think I can speak for every military enlistee, is this you would have to be out of your mind to not have the thought, what if I get put in a position where I die?
30:08
SPEAKER_01: And those who can get through that and put that name on that dotted line, they deserve our honor.
30:15
SPEAKER_01: They deserve our respect.
30:17
SPEAKER_01: Two of them were from Texas, one was from Hawaii.
30:21
SPEAKER_01: They deserve our respect.
30:25
SPEAKER_01: Now, the Gulf states that surround Iran, they're fed up too, by the way.
30:31
SPEAKER_01: Don't think that they're not.
30:33
SPEAKER_01: Saudi Arabia, UAE, which is the United Arab Emirates, Qatar, Iraq, none of these countries are siding with Iran.
30:42
SPEAKER_01: What does that tell you?
30:43
SPEAKER_01: I mean, they're fellow Muslims.
30:45
SPEAKER_01: Now I understand that there are different kinds of Muslims.
30:49
SPEAKER_01: I understand that very much.
30:51
SPEAKER_01: You've got the Sunni Muslims, you've got the Shiite Muslims.
30:58
SPEAKER_01: But I don't think anybody altogether in this magnitude has ever been against Iran like this.
31:05
SPEAKER_01: Saudi Arabia alone said that the war has already cost them$40 billion.
31:11
SPEAKER_01: Again, these are fellow Muslim nations and they're not defending Iran.
31:16
SPEAKER_01: That should tell you something.
31:19
SPEAKER_01: And if it doesn't tell you something, let me kind of let me kind of uh interpret what that tells you.
31:24
SPEAKER_01: That tells you that the president, our president, whether you like him or not, he's not in the wrong for holding them accountable.
31:32
SPEAKER_01: Look at the the terror that they cause in that region.
31:36
SPEAKER_01: Look at the problems that come from that number one sponsored terror state, which is Iran.
31:46
SPEAKER_01: Their own fellow Muslims say that they're horrible.
31:50
SPEAKER_01: So you might not agree with the way that President Trump did it.
31:55
SPEAKER_01: But this country is long overdue to be held accountable.
32:00
SPEAKER_01: Yemen's Houthi rebels and Saudi Arabia have resumed exchanging strikes.
32:05
SPEAKER_01: And this is not contained to Iran.
32:06
SPEAKER_01: The entire Gulf region is lit up again.
32:10
SPEAKER_01: Southeast Asian miners are now involved.
32:13
SPEAKER_01: Ministers from the Southeast Asia are meeting in Manila specifically to call for the reopening of the Strait of Hormuz.
32:20
SPEAKER_01: When countries are not even in the Middle East that are holding emergency meetings about your shipping lane, that damage is global.
32:29
SPEAKER_01: And that's why that is a when you look at these actions, you understand how global this damage is.
32:36
SPEAKER_01: But again, what was the alternative?
32:38
SPEAKER_01: You've got a country screaming that it's close to having nukes, and when it does, it's going to kill X, Y, and Z.
32:48
SPEAKER_01: Now, normally you would probably not bat an eye to that.
32:51
SPEAKER_01: But following the constant sponsor of terror that this country has given to so many uh terrorist groups, I think you gotta take them at their word.
33:07
SPEAKER_01: And the toll is at the toll that nobody is adding up.
33:11
SPEAKER_01: U.S.
33:11
SPEAKER_01: lives, ladies and gentlemen.
33:13
SPEAKER_01: U.S.
33:14
SPEAKER_01: lives.
33:15
SPEAKER_01: Gulf state economies are hammered, global shippings, uh, global ships have been rerouted, supply chains have been broken, oil storage at decades low levels, inflation reset higher across the entire world.
33:29
SPEAKER_01: This war is costing everybody something.
33:31
SPEAKER_01: It's not over yet.
33:32
SPEAKER_01: Now we pray that it ends soon.
33:35
SPEAKER_01: And uh I don't think it's gonna be a forever war.
33:38
SPEAKER_01: I just don't.
33:39
SPEAKER_01: I I think that the president here understands what must be done, but he also understands what must be done, if you understand what I'm saying.
33:50
SPEAKER_01: So that's setting the global stage of where gold and silver are today.
33:57
SPEAKER_01: Now we're we're specifically going to break down gold and silver because palladium and platinum, while sought after, not nearly what silver and gold are.
34:06
SPEAKER_01: Silver and gold are the top two in your precious metals that people are looking for.
34:11
SPEAKER_01: And silver is becoming even more of a commodity because of the fact that it's needed.
34:16
SPEAKER_01: It's needed for technology, it's needed for microchips, it's needed for AI, it's needed for uh solar, it's needed for uh tons of stuff, hospital equipment.
34:28
SPEAKER_01: And the supply is not meeting the demand.
34:31
SPEAKER_01: Again, before we get into gold and silver, let me reiterate again to you and repeat.
34:37
SPEAKER_01: Text the word report to 638257.
34:42
SPEAKER_01: Okay?
34:43
SPEAKER_01: Or spelled out, that is metals, M-E-T-A-L-S.
34:46
SPEAKER_01: The word report to 638257.
34:51
SPEAKER_01: Do that right now.
34:53
SPEAKER_01: Or call 888-991-6222.
34:58
SPEAKER_01: Or go to goldencrestmetals.com and fill out the questionnaire.
35:01
SPEAKER_01: Either one of those things is going to enroll you in a free portfolio review.
35:08
SPEAKER_01: It's going to enroll you in a free no obligation investor kit, and it's going to give you$25,000 worth of free silver for qualified purchases.
35:20
SPEAKER_01: Find out how to get qualified today by calling 888-991-6222 or texting the word report to 638-257.
35:30
SPEAKER_01: That's goldencrestmetals.com.
35:33
SPEAKER_01: Let's get into the nitty-gritty, which is gold.
35:36
SPEAKER_01: Gold hovering just above$4,000.
35:41
SPEAKER_01: And every bank on Wall Street still says that it's going to go much higher.
35:46
SPEAKER_01: Now, what do these banks know that we don't know?
35:50
SPEAKER_01: Well, really, nothing.
35:51
SPEAKER_01: The information that we're giving you on the Crest report, this information is the same information they use to determine their predictions.
36:03
SPEAKER_01: So let's get into it.
36:04
SPEAKER_01: Gold, right now, around$4,000 an ounce, down from its January all-time high of$55.89.
36:13
SPEAKER_01: Still up almost 18% from a year ago.
36:18
SPEAKER_01: How many investments do you have that go up 18% in a year?
36:22
SPEAKER_01: That's a pretty good that's a pretty good increase.
36:27
SPEAKER_01: The war, the conflict, the military operation knocked it back.
36:35
SPEAKER_01: So that's the short version.
36:38
SPEAKER_01: Now why gold fell during this war?
36:42
SPEAKER_01: This trips people out.
36:44
SPEAKER_01: Ready?
36:46
SPEAKER_01: War equals oil spike.
36:48
SPEAKER_01: Oil spike equals inflation fears, equals Fed raises the rates, equals higher returns on bonds, equals gold loses some appeal short term, and the market is treating this war as an inflation event, not a safe haven event, but as an inflation event.
37:16
SPEAKER_01: Once that dynamic reverses, and it will, gold moves, and it moves fast.
37:24
SPEAKER_01: And it's gonna have to move fast in order for all of these banks and their predictions to ring true.
37:32
SPEAKER_01: Here's what the big banks say: JP Morgan,$6,000 by year end.
37:37
SPEAKER_01: That's two grand.
37:39
SPEAKER_01: That's$2,000 increase on one ounce of gold.
37:43
SPEAKER_01: Wells Fargo says$61,000 to$6,300.
37:47
SPEAKER_01: Bank of America,$6,000 base.
37:50
SPEAKER_01: $8,000 if investors just raise their gold allocation from 3% to 4.6, which you already are seeing that trend.
38:00
SPEAKER_01: Goldman Sachs says$4,900, and that's the most conservative call on Wall Street.
38:04
SPEAKER_01: That's still$900 more than it is today.
38:09
SPEAKER_01: And that's still 23% above where we are right now.
38:15
SPEAKER_01: Every single target that we have out there to look at for a model is way above today's price.
38:25
SPEAKER_01: So don't wait.
38:26
SPEAKER_01: Why wait till it's high?
38:29
SPEAKER_01: Why would you do that?
38:30
SPEAKER_01: Buy low, sell high, right?
38:33
SPEAKER_01: That's the old saying, buy low, sell high.
38:36
SPEAKER_01: Not one major bank has a year-end target below the current price.
38:43
SPEAKER_01: Not one.
38:44
SPEAKER_01: Not one.
38:45
SPEAKER_01: That means that every institution, including us here at the Crest Report, and all those people that manage billions of dollars and massive hedge funds, all of them are saying gold is going higher from here.
39:00
SPEAKER_01: You know another tell?
39:02
SPEAKER_01: You know another hint?
39:03
SPEAKER_01: You know another thing that kind of pushes us towards that same opinion?
39:09
SPEAKER_01: China is buying like crazy.
39:13
SPEAKER_01: China's bar and coin gold demand in quarter one of 2026 was a record 207 tons.
39:25
SPEAKER_01: Tons! Or I like to call it tones.
39:29
SPEAKER_01: Right?
39:29
SPEAKER_01: That's how George Bush would have said it.
39:31
SPEAKER_01: Excuse me.
39:33
SPEAKER_01: There's a there's a couple of tones out there.
39:37
SPEAKER_01: Tones, tons.
39:39
SPEAKER_01: The people bank, the People's Bank of China ramped up buying one ton a month to eight in April alone.
39:49
SPEAKER_01: They know something, and they're not selling.
39:53
SPEAKER_01: That should tell you something.
39:54
SPEAKER_01: Now, the$8,000 scenario that we talked about.
39:58
SPEAKER_01: The Bank of America laid out this scenario.
40:01
SPEAKER_01: Not the base case, but a plausible one.
40:04
SPEAKER_01: Where gold hits$8,000 an ounce.
40:06
SPEAKER_01: What would trigger that?
40:07
SPEAKER_01: What would have to happen in order for your gold to double in six months?
40:13
SPEAKER_01: Here's how it would work.
40:16
SPEAKER_01: Private investors raising their gold portfolio, allocation from 3 to 4.6%.
40:25
SPEAKER_01: That's it.
40:28
SPEAKER_01: And if you've got these big countries out there buying up all the gold, buying up all the silver, don't you think that these big investors, these private big investors, are going to do the same thing?
40:38
SPEAKER_01: Again, it's only from 3 to 4.6%.
40:41
SPEAKER_01: If that happens, that's a tiny behavioral shift when it comes to people who are broad investors.
40:46
SPEAKER_01: That's a tiny, a teensy weency, tiny behavioral shift.
40:51
SPEAKER_01: And when it happens, it all happens at once.
40:55
SPEAKER_01: And here's the bottom line gold is on sale relative to where every major Wall Street bank says it's going.
41:06
SPEAKER_01: The war knocked it back temporarily.
41:09
SPEAKER_01: The debt, the deficit, the debasement, those forces are still running.
41:14
SPEAKER_01: They do not stop when the bombs pause.
41:21
SPEAKER_01: And now let's get into silver.
41:23
SPEAKER_01: My favorite.
41:24
SPEAKER_01: I'm a little biased when it comes to silver, primarily because I don't have the money to invest in gold.
41:30
SPEAKER_01: Like I'd like.
41:32
SPEAKER_01: Now, do I have a little bit of gold?
41:34
SPEAKER_01: I'm not telling you.
41:35
SPEAKER_01: Do I have some platinum, platinum, and silver?
41:38
SPEAKER_01: Well, kind of already told you that I have silver, huh?
41:41
SPEAKER_01: But silver is my favorite.
41:42
SPEAKER_01: And I'll tell you, it's a lot, a lot of people have interest in the silver because of the buy-in price.
41:47
SPEAKER_01: I mean, it's that simple.
41:49
SPEAKER_01: If for an ounce of gold, you got to spend over$4,000 for an ounce of silver, you've got to spend$60,000.
41:54
SPEAKER_01: I mean, it's it's just math.
41:55
SPEAKER_01: Most people cannot afford to get into gold the way that they would like to, unless you have a 401k that you've been sitting on for a long time that's been absolutely increased over the last two years, unless you've got a retirement fund, unless you've got a savings, and you say, I want to change some of that from green dollars or from digital numbers to physical metals.
42:21
SPEAKER_01: Now, if there's somebody buying in, somebody just saying, here, I'm gonna take this money that I have and I'm gonna invest it, silver is an easier option for people.
42:32
SPEAKER_01: And I honestly think that silver, because of the supply and the demand issue, I think that silver is gonna outperform everything everywhere in the future.
42:41
SPEAKER_01: But I am not a financial advisor.
42:43
SPEAKER_01: I'm just a precious metals expert journeyman, if you want to call it that.
42:52
SPEAKER_01: I'd say Richmond, I'd say Rich Jacoby is the expert, you know, the resident master of it, and I'll be the journeyman.
43:01
SPEAKER_01: Silver is right hovering around$60 an ounce right now.
43:04
SPEAKER_01: Now that's down 52% from its high.
43:10
SPEAKER_01: This is the sale that I'm talking about.
43:13
SPEAKER_01: This is the buy one get one sale, right?
43:16
SPEAKER_01: When you hear that from Target or Walmart or or or the or the car dealerships, this is this, you're gonna get a major rebate.
43:23
SPEAKER_01: This is the month to do it.
43:24
SPEAKER_01: We're dropping prices, we're slashing prices.
43:27
SPEAKER_01: You remember the Billy Mays Hayes?
43:28
SPEAKER_01: Oh, we've got more.
43:30
SPEAKER_01: Just wait, there's more.
43:32
SPEAKER_01: This is what I'm talking about.
43:35
SPEAKER_01: Up almost 1.6% today as the market digests the week the weekend's violence.
43:43
SPEAKER_01: Down 52% from the January all time high of$121.62.
43:52
SPEAKER_01: Do you want to know what that looks like year over year?
43:55
SPEAKER_01: I already told you gold was sitting 18% year over year, which is Heck of an investment.
44:02
SPEAKER_01: Ready for this?
44:04
SPEAKER_01: Get ready to pick your jaw up off the floor.
44:07
SPEAKER_01: Even with silver being down 52% from its high, it's still up 46% year over year.
44:18
SPEAKER_01: 46%.
44:20
SPEAKER_01: That means if you would have bought silver a year ago, you'd be sitting 46% higher today than you were then.
44:29
SPEAKER_01: That's amazing.
44:31
SPEAKER_01: Now add that 52% in that we lost from January.
44:36
SPEAKER_01: You might be selling.
44:37
SPEAKER_01: You might be calling Golden Crest Metals, or you might be going to goldencrestmetals.com and you might be saying, I'm ready to sell.
44:44
SPEAKER_01: You might call 888-991-6222 and say, I'm ready to sell, if that was the case.
44:52
SPEAKER_01: Silver hit$121 in January.
44:55
SPEAKER_01: It's at it's hovering around$60 now.
44:58
SPEAKER_01: $57,000,$58,$59,$60.
45:01
SPEAKER_01: Every day it goes up and down a little bit more.
45:04
SPEAKER_01: Got a lot of attrition going on there.
45:06
SPEAKER_01: Let me ask you this.
45:07
SPEAKER_01: If you saw a car that was worth$60,000 last month, it's on sale for$28,000 today.
45:19
SPEAKER_01: Nothing about the car changed.
45:21
SPEAKER_01: The car is the same car.
45:23
SPEAKER_01: It hasn't been driven anymore.
45:26
SPEAKER_01: Nobody's touched it.
45:27
SPEAKER_01: Nobody's scuffed it.
45:28
SPEAKER_01: Nobody's even looked at it the wrong way.
45:32
SPEAKER_01: If you saw a car that was$60,000 a month ago, but you drove by it today and it said sale,$28,000.
45:40
SPEAKER_01: And you were thinking about getting it at$60,000, you wouldn't even ask for your wife's permission.
45:46
SPEAKER_01: Men out there, you know I'm telling the truth.
45:48
SPEAKER_01: You know I'm telling the truth.
45:51
SPEAKER_01: You wouldn't even ask your wife permission.
45:53
SPEAKER_01: You would go right in there and you'd say, I'll take it.
45:55
SPEAKER_01: Now you might get a little bit of chewing out later on by your wife, but would it be worth it if you're saving$32,000?
46:03
SPEAKER_01: I think so.
46:04
SPEAKER_01: You'd buy it in a heartbeat.
46:05
SPEAKER_01: Women, if you saw out there, you'd buy it too, and you'd tell your husband, hey, I thought happy wife, happy life.
46:12
SPEAKER_01: I thought what's yours is mine, and what's mine is yours.
46:14
SPEAKER_01: I'm here to share it with you, baby.
46:16
SPEAKER_01: Right?
46:16
SPEAKER_01: Well, that's silver right now, same fundamentals.
46:19
SPEAKER_01: Half the price.
46:21
SPEAKER_01: Why it dropped?
46:22
SPEAKER_01: Same reason as gold, ladies and gentlemen.
46:24
SPEAKER_01: Same exact reason as gold.
46:26
SPEAKER_01: Oil spike, inflation fears, rate hike expectations.
46:30
SPEAKER_01: Now, silver got hit a little bit harder because it has industrial exposure too.
46:34
SPEAKER_01: When recession fears rise and rate hikes uh fears come in uh and they rise at the same time, silver takes it from both sides because of what everything that silver is being used for these days.
46:47
SPEAKER_01: So it's a kind of a double whammy for silver, but that means it's the same double whammy on the way back up.
46:53
SPEAKER_01: And that's what creates the buying opportunity for silver.
46:57
SPEAKER_01: Now let's talk about the supply and demand before we get ready to finish here.
47:01
SPEAKER_01: Sixth year in a row that the world uses more silver than it produces.
47:05
SPEAKER_01: 40 million ounce shortfall in 2026 alone.
47:12
SPEAKER_01: Solar panels are still getting built, folks.
47:15
SPEAKER_01: EVs are still getting made.
47:17
SPEAKER_01: You see where we're going with this.
47:18
SPEAKER_01: AI chips still need silver.
47:20
SPEAKER_01: So here's what you're gonna do: you're gonna call 888-991-6222 right now.
47:26
SPEAKER_01: That's 888-991-6222.
47:31
SPEAKER_01: That's the number.
47:32
SPEAKER_01: There are people standing by, sitting by, eating lunch by, waiting for you to call right now.
47:38
SPEAKER_01: Now, the line might be busy, but I doubt it.
47:41
SPEAKER_01: There's a lot of people that like to call in when you got these sales going on.
47:44
SPEAKER_01: 888-991-6222, or text the word report to 638-257.
47:51
SPEAKER_01: That's the word report, like your report card to 638-257.
47:56
SPEAKER_01: GoldenCrestmetals.com.
47:58
SPEAKER_01: Reach out today.
48:00
SPEAKER_01: We're waiting for you.
48:01
SPEAKER_01: So what are you waiting for?
48:04
SPEAKER_01: Thank you very much.
48:04
SPEAKER_01: We will see you next week on the Crest Report, or we'll talk to you on the phone in a few minutes.
48:09
SPEAKER_01: Have a great day, everybody.
48:12
SPEAKER_01: Thank you very much.
48:15
SPEAKER_00: You've been listening to the Crest Report, where markets meet reality, brought to you by Golden Crest Medals.
48:21
SPEAKER_00: For your free portfolio review and free no obligation investor kit, plus up to$25,000 in free silver with qualified purchases.
48:29
SPEAKER_00: Text the word report to M E T I L S.
48:33
SPEAKER_00: That's report to 638 257.
48:37
SPEAKER_00: Or call 888 991 6222.
48:41
SPEAKER_00: Or visit Goldencrestmetals.com.
48:44
SPEAKER_00: See you next week.