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Transcript

They’re Hiding Something SIGNIFICANT From Us... · Man in America Podcast

• 1:31
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Wholehouse. So if you're following what's happening with this balance between inflation and the raising of the rates, it's always a new drama every week. And so recently, we know that the Fed has chosen to pause their rate hike, which a lot of people are celebrating over, and they're telling us that, hey, inflation inflation is coming down a little bit. There's all this positive news from them.
• 1:57
  But if you look at the information behind the story, it paints a different picture, especially if you look at what's happening with the other central banks around the world. So joining us today is doctor Kirk Elliott to help make sense of what's really going on. And we've also got a continued update on what's happening with these, gold companies that we've been talking about, which is kind of a wild story to be following. So anyway, folks, enjoy this interview with Doctor. Kirk Elliott.
• 2:23
  Also, in addition to watching the show on Rumble, where you'll always find me, you can also head on over to the LFA TV Rumble channels, it's LFA TV. They've got a great channel with a bunch of really good hosts as well on part of their network as well. So alright, folks, let's dive into this interview. Kirk, man, it's great to have you back on. How are you doing?
• 2:44
  Speaker 2: I'm doing really well. How are you doing today?
• 2:47
  Seth Holehouse: Actually, good. Yeah, I'm actually doing really, really well. A lot of exciting things going on and just, just a feeling of, of optimism, which is nice because it hasn't always been the case these past couple of years.
• 3:02
  Speaker 2: No, as you look at what's going on, I mean, the weekend, was reading a bunch of like, and we're gonna go over this stuff today on today's show. Right? The interest rate stuff, what's being reported, what's not, things that are happening at the United Nations, things that are happening within the Fed that are going unreported. But yet it seems like something is just off, right? Because there's all these big, huge, dramatic things happening, and they're focused on a submarine, right?
• 3:33
  And it's like they're focused on something else. And it's like classic misdirection. It's like, oh, don't look this way, you know? And then, you know, even more stuff coming out about Biden's. And it's like, what a well, the corruption is just wild.
• 3:48
  And and you look at the stuff the Supreme Court's listening to and not listening to, And it's like it's just a deflection of what's really important and what's not. But to all of us, what is important? Well, money is, right? It's way that we live. It's how we ultimately retire by having enough money, right?
• 4:12
  And so if you can take your eyes off of everything that's causing people's wealth or their way of life to erode, well, then you're going to actually win the game a little bit. Right? So this is what they're doing. They're taking our eyes off of the important. Well, I want to refocus them on what's actually happening behind the scenes.
• 4:33
  It's not really being reported because it's some big stuff, Seth. It's big.
• 4:38
  Seth Holehouse: Yeah. And that's what I want to get into because we've been tracking, you know, really the the battle of inflation versus interest rates and inflation and interest rates. And, you know, the talking heads are, you know, trying to make, you know, paint the picture that you know what, it's it's under control and it's down a little bit and even with the recent, you know, Fed meeting how they've paused, you know, raising the rates but that which I think for a lot of people would say, oh, you know what mean? It's like it's like they found the submarine. You know what mean?
• 5:07
  That you know, even we know they didn't but it's it's this feeling of like, oh, there's some relief there. But is it real? Or again, is it some sort of misdirection? Because, you know, you sent me a little kind of list, which I'll pull up for the folks that are watching and we'll go over it for those who are listening of the central banks this week across the world. And this is a very different story.
• 5:31
  So even though we're seeing the Fed pausing the rate hike, what's happening with central banks around the world?
• 5:39
  Speaker 2: Well, is this is the story. Right? So so in the world of of interest rates, especially when they're coming from sovereign nations and their sovereign debt, they tend to be kind of, like, at par with each other because here's how how the game works. Let's say we're The United States, and we raise our interest rates a quarter of a point. Well, what are we gonna do?
• 6:03
  Everybody else who's who's basically other countries who are putting their assets into maybe the European Central Bank or Japan or the Bank of China or whatever, because all interest rates are kind of similar, it's like, oh, The United States, they just raised their rates a quarter of a point. We got to put our money in there because people are chasing yield, right? Or you could have the second kind of rationale is countries have to raise their rates because their currency stakes. Right? It's just like anything else, like a junk bond has a higher rate than a AAA rated government bond.
• 6:41
  Right? So people are seeking reward for the risk that they take, then it has to be commensurate with each other. So as you start to see in a world of competitive devaluations is what we're seeing, it's like they're all kind of across the board. Then one country raises rates, all the other ones start to raise rates because it's a fight for the foreign capital going into that country. Right?
• 7:04
  So then they're all at par again. Well, then you have another one that raised rates. Oh, now the rest of them have to raise rates as well. So this is the game that we're playing, and it's a dangerous one. So But in America, they're playing a political game with this, right, because they're just printing money like there's no tomorrow.
• 7:23
  In fact, it's like what you and I talked about, it was either last week or the week before. When they decided, right, not only are we gonna raise the debt ceiling, we're taking the ceiling off of the debt ceiling, and we're just gonna print money like there's no tomorrow without any kind of restraint. Right? That's what causes inflation. That actually is the true definition of inflation.
• 7:46
  It's just an increasing money supply because it takes more of that devalued junk currency to buy valuable goods and services. So when we see price increases, it's just a reflection of the increase in the money supply. That's all that it is. And the prices that we see going up are a symptom of inflation. So so if we start to remember that, all of this stuff starts to make more sense.
• 8:15
  So if they keep raising the the money supply, if they keep printing, printing, printing, printing like there's no tomorrow, But yet they're hiding the fact that they're actually raising the money supply like there's no tomorrow by reducing the m two money supply, which is the amount of money that we have to spend in checking accounts or savings accounts or or or money markets. Right? So they're saying, no, we're decreasing the money supply. No. They're they're printing money like there's no tomorrow to fund every stimulus under the sun.
• 8:47
  In fact, they just took the ceiling off debt ceiling. They're not reducing the money supply. They're re they're increasing it by a lot. They're reducing the amount that we as people have to spend. And that's a devastating consequence because they're printing money like there's no tomorrow that causes inflation, yet reducing the amount in the banks that we have access to, which is, like, the worst of all possible scenarios, making prices higher and giving us less to buy with.
• 9:17
  Right? This is their cockamamie scheme. So when I see that the when I saw and we talked about this briefly, but when I saw that the that the Bureau of Labor Statistics changed the CPI, the inflation rate from five point something to four last week. It's like, what did that tell me? It's like, I knew what they were gonna say it was gonna tell you.
• 9:40
  They're gonna say, we're winning the war on inflation. The Biden plan is doing great. Look. Inflation went from five point something down to 4%, a 25% decrease in prices. It's like baloney.
• 9:55
  My my wallet doesn't tell me that there was a 25% decrease in prices just because that's what your bogus made up numbers of CPI say. My wallet tells me when I go to the grocery store, prices didn't come down 25%. My wallet tells me when I go to the gas station, prices didn't come down 25%. My wallet tells me when I'm looking for a new car or used car, they're not 25% less. Right?
• 10:18
  So that tells me that they're fudging the numbers. But they needed to have that happen so they could say, we're winning the battle. Therefore, we don't have to raise interest rates this month. We can pause them. Right?
• 10:34
  Because it's this catch 22 of you pause interest rates and what happens? What's the result? Inflation persist and goes through the roof. You keep raising rates to slow down inflation. What's the cause and effect of that?
• 10:49
  Well, people are living hand to mouth right now at the at the margin, and you keep raising rates and it's gonna kill the economy overnight. Either one, because we are where we are in this cycle, either one is going to cause economic contraction. Number one, people aren't going to spend money with with a rise in in interest rates. Number two, people can't afford to spend money because inflation is going through the roof. It's it's seriously a lose lose situation.
• 11:16
  So they paused because they didn't want to well, a, they wanted to tell the world they're winning the war on inflation, but b, people can't afford the excess interest rates. Right? So but here's what happened in the rest of the world. And remember, competitive devaluations. Banks tend to do the same thing outside a of a weird radical event that might happen in a country like, oh, credit you know, it's no longer triple a plus rated bond.
• 11:44
  You know, the the US dollar got downgraded to double a or single a or b or worse junk status. Right? So unless something like that happened, you're gonna see all the rates kind of move together. But nothing like that happened yet, but all the rates moved together except for America. Right?
• 12:04
  Because look what happened in The United Kingdom. They raised rates by a half a percent. 50 basis points is half a percent. Well, that's more than expected for the thirteenth rate hike that they've had there. Switzerland raised rates by a quarter of a percent.
• 12:20
  Norway raised rates by a half a percent, which was more than expected. These aren't new expectations. You know, UK, rate hikes over the last in a row. Norway, Eleven rate hikes in a row. The United States, well, they paused.
• 12:38
  We paused because we're winning the war on inflation. No, we're not. They're just pretending like we are. But look at Turkey. Turkey is terrible, right?
• 12:50
  Turkey Six Fifty basis points, a 6.5% interest rate hike. So now their interest rate's up to 15%. And people have called me this week and say, Kirk, this is really bad. What's going happen to the price of oil? What's going happen there?
• 13:05
  This is terrible. It's like, okay, this is not an uncommon thing. In fact, it happened in America. In 1983, our interest rates were 18%. So seeing Turkey at 15% doesn't bother me, but it does tell me we're going to much higher interest rates around the world because this is why they would have to raise rates that high is to slow down inflation.
• 13:30
  Inflation is still a problem globally. The reason we had 18% interest rates in the early eighties was because inflation was at 14.3%. They needed to slow that down. Why are interest rates going to keep going up? And why was the fact that we called a pause on ours so stupid?
• 13:51
  It's because everybody knows inflation didn't come down. Inflation is not 4%. In fact, unofficially, you were to compare apples to apples, what inflation how inflation was measured in 1983, it's at 20 to 25% today. That's the reality. So interest rates have to keep going up.
• 14:10
  Now this led to something else. Right? This led to the fourteenth month in a row that leading economic indicators have been in decline. So there's an index called the Leading Economic Indicators Index. It's not a fancy name, right?
• 14:28
  But what does it measure? It measures all of the economic indicators, the leading ones that we have. CPI, gross domestic product, number of new home applications, amount of consumer debt, let's see, like CEO, basically what would you even call it? It's like the CEO confidence level, the manufacturer's confidence level, right? It has all of these things added all into one.
• 14:57
  Well, what did it do? It's down for the fourteenth month in a row with the expectation this isn't going to stop. Now, nothing makes sense unless it's held into perspective and compared against other times. So when was the last time that we had 14 rate, these leading economic indicators index down in a row? The answer is never, not even during the Great Depression.
• 15:24
  Every once in a while you'll have a month where something pops up, right? And it's like, Oh, tricks everybody, and then it comes down the next month. We haven't even seen that. We've seen fourteen months in a row of leading economic indicators in decline. This economy that we have under the Biden administration is a sick one.
• 15:43
  It's very it's very sick. It's not healthy. It has no stamina. It has no oxygen. Right?
• 15:49
  It's run out because people aren't spending money. This is the economic reality of America that we're living in today, Seth.
• 16:00
  Seth Holehouse: Alright, folks. I've got a quick message for you. I have one simple question. If today you could no longer go purchase more food for your family with the food stores that you have in your home how long would you be able to feed your family? Would it be a week, three weeks, a month, two months, a year?
• 16:20
  This is a really important question folks that we have to be very realistic about because the elites are proactively trying to put us into a state of food crisis and a state of famine. I'm sure you've seen all of the different food processing plants and farms that are blowing up. You've got cattle dying by the tens of thousands. They're proactively trying to collapse our food system because they know if they can control our food, they can control us. And so one of the best ways to be outside of their control is to be able to have our own stores of food and to be able to produce our own food.
• 16:53
  So there's really two things I would recommend. One is having heirloom seeds that you can grow your own food with, making sure that they're non GMO heirloom seeds that that way you can harvest your seeds this year, use them next year. You can use these seeds for generations. Literally, it's how it will work. The other thing though is this high quality storable food.
• 17:12
  This is food that's sitting somewhere, it's hidden in your basement, buried in your backyard, whatever it ever it is. So that way if there is a crisis, if there is an emergency, you might have three months set aside to get through that time period. And so for this, I would highly recommend a company called Heaven's Harvest. This is an amazing Christian owned patriot company and what they're doing is they're making high quality storable food. Again, lot of the food companies, they say these food buckets, they're all about maximizing calories per dollar.
• 17:42
  They're filling the buckets with a bunch of filler and junk like sweet beverages, etc. But Heaven's Harvest, they focus on very high quality food that will last up to twenty five years on the shelf. They also sell heirloom seeds. You can buy all of your seed, you can buy all of your restorable food. And look folks, personally, I would recommend having at least three months per person in your household, if not six months or even a year.
• 18:07
  Again, depends on your budget, but I'll definitely make sure you have some seeds because that seed those seeds could be worth their weight in gold, if not more in the future. So to go ahead and do this right now, go up a new tab and go to heavensharvest.com. And if you use the promo code Seth, that's s e t h, promo code Seth, you'll save 15% off of your entire order. So again, folks, the time is running out and you'd rather be three months or one year early than one day late. Again, heavensharvest.com and use promo code Seth to save 15 today.
• 18:43
  So there's two questions that come to mind. One about Turkey, which I'll ask that one first. And then the other one about kind of what we're talking about, you know, here. So as it relates to Turkey, though, because I also know I know that Turkey is a big one of the biggest gold buying nations, right? They're, you know, in that that brick circle that, you know, whenever you see the charts about nations that are buying gold, they're oftentimes, you know, the ones that are high on the list.
• 19:13
  Now, my question is, because you mentioned how the the currencies in a lot of ways are very tied together. Right? So, you know, if The US currency, if the rates are going up, then you're gonna see it trickle into especially a lot of the European, you know, you know, currencies, etc. So do you think that when you look at Turkey and the fact that I mean, they raised six and a half points, right? Like that's huge.
• 19:38
  Like that's a that's a massive I mean, one point is is huge. Right? So do you think like, A, obviously we know that they're not backing their currency with gold, right? Like they're as far as I know, their currency is another fiat currency, it's not a gold backed currency, right? So do you think that part of it is because they see the writing on the wall, they know that the currencies will be collapsing, and so they're just kind of shifting away and as a nation, their central bank is putting more money into gold?
• 20:10
  Like, how do you make sense of that?
• 20:14
  Speaker 2: Yeah, so Turkey is making a basically a plea to enter the BRICS nations, right? It's not part of, you know, BRICS has brought Brazil, Russia, India, China, South Africa, right? So they want it. So does Mexico, so does Saudi Arabia, so do all these other countries, right? So as you look into that, what are they trying to do?
• 20:38
  They're trying to make a play that they have a strong currency, they should be part of the BRICS nations. And overall, the BRICS nations are saying, we're ushering in a central bank digital currency, but it's gonna be better than other countries because it's gonna be backed by gold. Right? So when you look at that, what they're doing, the largest purchaser of gold since the year 2010 has been Russia, Sixteen Hundred tons. The second one has been China, almost a thousand tons.
• 21:12
  The third one is Turkey at over 400 tons. Then you've got Kazakhstan, Uzbekistan, all at 200 plus tons. Right? I mean, India, Two Hundred plus tons. This is a lot.
• 21:24
  We're not talking about ounces or pounds of silver. We're talking about thousands of tons, right? So to me, when I look at that, we don't know the exact answer, but in time we will. So it's probably it's one of two reasons. Number one, they're using that purchasing of gold as like this dangling carrot, laying it out there for all the world to see.
• 21:48
  It's like, hey, look, world, we know there's options with central bank digital currency. We want yours and ours, ours is going to be backed by gold, this is going to be amazing, right? Or they might know that nobody wants a central bank digital currency that's got complete command and control attributes to its existence. They know what you buy. They know what you sell.
• 22:12
  They know what your ideology is. They know what religion you are. They know what politics are. How do they know that? Based on what you buy and sell.
• 22:19
  Right? So there's already states and countries that are in opposition to a central bank digital currency, like Texas, like Arkansas, like Oklahoma, like Wyoming, like Utah, like Alaska just this week. This is big. Right? So these are states where they're saying we're going to have a gold backed currency in our state, we'll use gold as legal tender, or we're to have a sovereign bank, a state sovereign chartered bank, not a federal chartered bank like FDIC, a state one that gets out of the Federal Reserve System, and boy, when you have that and they want to back it by gold, you've got a lot of like states' rights issues starting to play out here where they're kicking the Fed to the sidewalk.
• 23:09
  And this is exactly what we need for competition to say, look, we don't want CBDCs. Nobody does. It's complete intrusion on our bank account. It is a massive problem. Right?
• 23:20
  So so you've got these alternative currencies that are now coming into the into the limelight, and this is what we get to participate in, which is why you and I have been shouting this from the rooftops for a long time. You want to protect and preserve yourself from a bank that's run out of control that wants to grab everything, it's a power grab of everything, it's a money grab of everything, well, then you have to do the right thing at the right time, right? And this is where we start to follow those central banks that are gobbling up gold by the thousands or hundreds of tons that I believe we don't know what the exact reason is. All I know is that they're doing it. Number one, they think their system is gonna fail, and they still wanna be the reserve currency, so they're kinda de facto backing it up.
• 24:09
  Or be they're using it as the carrot to entice people in.
• 24:12
  Seth Holehouse: That that makes sense. So the other question I had was about, so you mentioned there's these 14 areas where we're seeing a decline that we've never seen that before. And so, but if you look at, okay, well, I guess I'll take a step back. One thing I've learned to, you know, kind of one worldview I have now in framing things is that a lot of times, what we see happening is false. And the the true situation is hidden somewhere within that within the the agenda within whatever they're pushing.
• 24:42
  And so you can't necessarily see the truth by just looking at the dig and uncover things. Okay? So when we see this is what's kind of confusing for me is that okay, you're saying these 14 indicators are showing that there's that there's a the opposite of growth, right? There's decline in these 14 areas, never happened before. Yet, you look at the stock market, which is, you know, it's it's at almost an all time high for the year.
• 25:09
  And so if you look at those and kind of compare, it's almost like there's so many indicators that like right now, that the stock market should be struggling, right? To you know, if that's a kind word, that you'd see precious metal prices going even higher, that you would see the rapid, the de dollarization really kicking into effect. You know, there's so many things like that that it's kind of like even a year ago, you could already see them happening. Yet, it just to me, it's like there's some part of it, it feels like maybe because we're entering into an election year that they're they're pulling some sort of Babylonian money magic trickery to try to preserve this system as long as possible. And that's why it's almost it's like against all odds.
• 26:02
  It's almost like someone has, you know, has, you know, cancer, right? And it's like it's terminal, you know, and it's like they should have actually passed on, you know, a long time ago, years ago. But they're they're like, all this money is being pumped in to like prop them up and prop them and prop them up. And it's like, it doesn't make sense that they're still here. Like, that's how it feels like with with the system, especially with the economic system we're seeing.
• 26:27
  I mean, is that is that something you're seeing as well? And what do you think about that?
• 26:33
  Speaker 2: It doesn't make sense. And when something doesn't make sense, it's not real, if just thriving. When you look, what causes the stock market to grow? Right? To answer that, your question is, it's revenues.
• 26:49
  Right? It's always has been, always will be. When people spend money, it causes earnings to go up. When earnings go up, profits go up. When profits go up, now you have a a larger, you know, price to earnings ratio.
• 27:03
  Right? And it's like the stock prices go through the roof. So when we've got declining wages, rising prices, increasing taxes, a higher cost of borrowing, all of that's a recipe for disaster, not a recipe for growth, recipe for disaster. Couple that with banks that have run out of money, and and you have to have, like, the most amazing credit score on the planet to even get a a a personal loan. Right?
• 27:28
  I mean, it's just like it's hard. So so there's no reason. There's no solid rationale why the stock market should be doing well right now. There's none, which means it's probably stimulus money being injected into the system with money that they're printing out of thin air, you know, to actually keep it propped up and have the illusion that it's doing well. But it's truly not are the numbers propped up there?
• 27:58
  Yep. So that it impacts people positively, but it's not real. So if it's not real, it's not gonna last. And that's why people are playing with fire by keeping money allocated in the stock market for too long Because what it is, it's it's not people spending. It's not solid growth.
• 28:15
  We don't have any money to spend. It's stimulus money being injected into the system, you know, to keep it propped up to have the illusion that the economy is doing well.
• 28:27
  Seth Holehouse: I see. It's almost like it's almost like weekend at Bernie's. Right? Like, that's that's what
• 28:32
  Speaker 2: Pretty much.
• 28:33
  Seth Holehouse: You know, like, that's what that's what we're living in right now. And until it's not. Yeah. You know what mean? And that's the thing is that I suspect that it's like it's good, it's good, and it's good.
• 28:41
  It's like it happens really slow, and then it's all at once. Right?
• 28:46
  Speaker 2: All at once. All at once. Yeah.
• 28:49
  Seth Holehouse: So, Kirk, we've only got about ten more minutes for the show today. And I know there's another topic we're gonna be touching on, but I also just wanted to follow-up with you and because this has been something that a lot of folks are talking about, which is what we've been talking about with regards to these other gold companies. And I just wanted to hear from you because I know a lot of folks have been reaching out. They've been like this is I'm seeing people in the comments talking about this. And it's really unfortunate.
• 29:16
  What's funny is I even see people trying to defend this stuff. I saw someone commenting on YouTube, I think that was saying, Hey, look, like what's this guy talking about? It's normal to pay $60.70 bucks an ounce for silver right now. And I'm thinking like, is that really the case? That hasn't been my experience.
• 29:34
  But I just wanted to see because you're, you know, you're in the in the middle of this storm. And I know that we even gave out your CEO's email and said, hey, reach out to them. So what's your update on what you're seeing happening?
• 29:48
  Speaker 2: Oh, so that comment that it's normal to pay 60 or $70, sadly, that's true. And I say sadly that that's become the normal because companies are ripping people off so bad. Literally, today, today, as we do as we record this, like a thousand ounce bar of silver with with silver at $23 and something an ounce, $25.70 an ounce. Even a one ounce round, you compare apples to apples. Right?
• 30:19
  It's a one ounce piece to another one ounce piece, less than 29 an ounce. Right? So so don't tell me that it's actually the norm. It sadly, it is the norm because people are ripping people off. But my strategy for wealth creation and wealth preservation is to minimize your cost, maximize your return.
• 30:41
  You paid more than $30 an ounce for silver, you've overpaid. Right? And and the fact that people think that this is a normal thing is sad to me because it's really well, it should be less than $30. You're paying over 60. It's like, that's double.
• 30:56
  It's literally you have to have silver move so much more for you to break even because I was talking to the the president of a depository, the Texas Precious Metals Depository that we use. How much do they pay for stuff like that? If we were to liquidate it to them, how much do they pay? Spot plus $4, and they're no different than any other depository. They all pay the same.
• 31:20
  Some pay even less. Some will pay melt, which is less than spot. It's about 5% less than spot price because nobody wants it. So to liquidate those things, you have to go back to the firm you bought it from and say, hey, will you buy it? Because they make a market for it.
• 31:35
  Anything that's not a globally traded thing, you have to make a market for it. And we've all seen movies on it, you know, smiling and dialing. It's like, hey, or we might have talked to people like that on the phone. Do I have a deal for you today? Right?
• 31:48
  It's like, we got this excess inventory in, and if you act on it now because it's probably gonna be gone in three days, I'll give you a 5% discount, but you have to do it today. That kind of garbage. Right? It's like, no, if you have a globally traded commodity like silver bullion or gold bullion, it's simply a forty five second phone call, boom, lock it in, wire you the funds, done. It's not something you have to make a market for because the market's already there.
• 32:17
  So I have seen statement after statement after statement, and the average that I'm seeing is silver in the 67 to $73 range that people are paying. Gold's average is about 34 to in the 34 to $3,700 an ounce range. And this isn't even for rare stuff. This isn't for something that's old and rare and you're like I mean, those are even worse, ranging from all the way up to, I don't know, 300% over spot to so much over that you can't even count it because I've seen people pay 28 to $77,000 an ounce for gold. It's like, this is insane.
• 32:59
  This is absolutely insane. That is not an investment. That's a collectible, and they don't act the same. If you want to protect and preserve your portfolio, you should never go into a collectible because you have to make a market for it. Right?
• 33:13
  So so we're seeing hundreds of these reviews coming in, these portfolio reviews that we've asked for and we asked for them on your show. If you if you think that's you, you think you got overpaid, then send an email to ashleykirkelleyphd dot com. That's A S H L E Ykirkelleyphd dot com. Now I've seen maybe a couple percent, like maybe five or 10 out of the hundreds of portfolio reviews that people have sent me where they actually didn't get overcharged. And it was okay.
• 33:48
  I call them back and say, you shouldn't do anything, right? It's actually a fair price what you paid for it. I wouldn't do anything. Now you're still going to have to pay a commission I'm sure with those people when you liquidate, which is not really apples to apples because you charge nothing with us, but at least they didn't overpay upfront, right? So there's very, very few of those.
• 34:10
  I mean, it's sick. There's maybe like five. There's not many. But the ones that got abused really on their prices, they're plentiful. And that breaks my heart.
• 34:23
  It it truly breaks my heart. Because people thought they were doing the right thing, Seth. They thought when they hear us talking on the show, when they hear other podcasters talking, people that they trust in the movement, and they're just getting so ripped off, it really hurts my heart for them because it's gonna be hard to recover. But you can recover. Right?
• 34:42
  This is why I was saying send us your portfolio. We can sell it probably at a loss, I'm sure at a loss, put you into something that's gonna move dollar for dollar with the silver market just going to cheap bullion, thousand ounce bars, hundred ounce bars, ride it up. And if silver triples the rate of growth of gold, which is what the president of HSBC, one of the largest banks in the world thinks. And so what if you had to pay 30 to 40% a loss to get out of it, silver triples. That's still like a 260% gain.
• 35:13
  But the only way that you can recover that is to get into volume that will move dollar for dollar with the markets.
• 35:21
  Seth Holehouse: Which makes sense. Which makes sense. And it's, you know, we're not going to name names in the show because, well, the thing is it's not necessary because you can do your own research, but I've talked to you about this, you know, offline and I was I was surprised. I mean, are, these are, you know, were companies that were being promoted by like, shows that were way, way bigger than me, you know, I'm a small potato, right? These are some, some very, very big names.
• 35:48
  So, you know, so again, so people can email Ashley, right, and just do like a portfolio review? Or how does that work?
• 35:58
  Speaker 2: Yeah, I will actually do the analysis on it myself. And then one of my advisors will call you to go over the results, right? But the the interesting story, I was going over this with a lady who invested 500,000, and she's like, wow. You you you overpaid by a ton. Right?
• 36:17
  So so she called the firm back, and they said, well, if we go into thousand ounce bars of silver, we can get you 17,177 ounces, and we'll only charge you 3%. So the guy you're talking to is gonna charge you 8. Right? So she said, what should I do? I've got a dilemma here.
• 36:35
  It's like, well, A, they ripped you off once, what's to think that they're not going to do it again? You always have to go with who you trust, right? Whether it's me or somebody else, you go with who you trust. But then I said, Here, I'll just tell you how many ounces you could get with me charging 8%, eighteen thousand eight hundred and seventy seven ounces. They said, Wait, that math doesn't add up because they're only giving me 17,000 and they're charging me 3%, you're charging 8.
• 37:03
  I said, Yep, they lied again. They lied again. Right? So here's where I just like to be completely transparent, honest, because it's not my money. I don't even think it's the client's money.
• 37:17
  It's God's money. And if we would look at everything in the light of eternity, it would be a completely different world. I guarantee it. Right? But it's like, yeah, got fooled once and decided to almost get fooled twice.
• 37:31
  It's like, man, breaks my heart. It truly does because I don't know how some people can sleep at night, But this is the world that we're living in. Bottom line, deal with somebody that you trust. Deal with somebody who you trust your hard earned retirement with and don't overpay for it, whether it's with our firm or not. Could care less.
• 37:53
  I just wanna make sure that we're sounding these warning signs and letting you know about them to say, look, you gotta fix this. Don't go into something where you're not getting even close, where you're tripling, quadrupling the spot price of the metal and thinking that that's a good deal. Is not. At today's silver price of 23 something dollars an ounce, you should not in any stretch or any circumstance, pay more than $30 an ounce for silver.
• 38:24
  Seth Holehouse: Well, I mean, you said it flat out that you know, someone can buy 1,000 ounce bar from you for, you know, 25 and some change. So, there's the benchmark. I mean, that's the thing is silver is silver. And that's, that's, it's almost like you're, say you're buying gasoline, right, as a commodity. And say, you know, that you know, right now you go to the gas station, it's $5 a gallon.
• 38:46
  And it's like, Okay, well, you know, maybe gas will be up at $7 a gallon by the end of the year. So if you if you come in, you can buy it at, know, $5.05 you know, it's like, Okay, that's safe. You know, let's go and buy some gas. But it's almost like that gas is gas. If there's somebody that's selling you gas for $30 a gallon, and like, no, this is really special gasoline.
• 39:07
  It's like, it's a complete scam. It's like gas is gas. Now look, maybe if someone's saying, look, this is vintage gasoline that was out of the first Model T Ford, and there's a huge collector market. Here's the, you know, here's a certificate to say that it's authentic. And it's like, okay, maybe in that case, it's like, but you have to understand you're buying a collectible now, you're not buying a commodity.
• 39:29
  Right? And you see, you better understand the collectible gasoline market if you're gonna be paying collectible prices, and not just trust, you know, trusting the salesperson. Right? So that's just kind of how I look at it when I've explained it to people too. It's like take a simple commodity, that's gas, it's wheat, it's milk, and it's the same thing.
• 39:47
  So, well, Kirk, if folks want to get ahold of you, either A) for a portfolio review, or they want to move some of their assets into silver or gold, they can go to goldwithseth.com. Just goldwithseth.com or call (720) 605-3900. I'll put those in the description as well as Ashley, your CEO's email address. Sorry, Ashley, but Kirk told me I could do it. People can reach out to her as well.
• 40:18
  And, yeah, let's just let's just hope that you hopefully like and I think this is what's happening. I I think that the conversations that you and I are having about these gold companies for whatever reason, they're going really far. And it's not about you or your company or anything. It's really just saying, people that are watching a lot of these shows, they're talking about what's really happening in the world. There is this doom and gloom element to it.
• 40:43
  There are some scary things out there that you're becoming aware of that you're not going to see on MSNBC or even on Fox News. But it's just important to understand that there are companies that are trying to take advantage. And there's companies that are making a lot of money off of that. Right? There's a lot of opportunity when people are freaking out.
• 41:03
  And that's what's really key is that look, whether it's Kirk or say you have your local person that you've always been going to that you know is fair, great. Just learn how to be discerning with this because a lot of people are just trusting too easily. Look, don't trust me. Don't trust me. Don't trust Kirk.
• 41:20
  Don't trust anybody with this because it's your money. And just do your research. So anyway, now Kirk, what if someone hypothetically right now is working with another company and say they're getting ready to make a big purchase, they've got their invoice, they're they're mulling it over, they're talking about with their wife, Can they send that to you as well? And they can say, hey, check this out. What do you think?
• 41:38
  I
• 41:40
  Speaker 2: would love to because, again, we're people over profit. That's the philosophy of our firm. I need to go to bed at night sleeping well, right, that we've taken care of God's money. So send it to me. I'll tell you if you're overpaying or not.
• 41:55
  Right? But here's where your gut will start to scream. Your intuition, that wisdom that God puts in us will start to scream. It's like, I'm overpaying. I don't trust their advice.
• 42:08
  Boy, I don't know what to do. Or maybe say, yep, that's absolutely fantastic. I'm glad Kurt confirmed it. I'm going to go with them. Right?
• 42:16
  That's perfect. That's perfect. But let us know. Let us look at it so we can help guide you in the right direction no matter who you use. I don't want you to overpay because you know why?
• 42:28
  We're all called to be wise stewards with what we've been given, and we will help you navigate through that together. It's not going to take very long. It's just a quick little phone call. It might take a while to review it depending on how robust your portfolio is. But then we'll give you the advice.
• 42:44
  Keep it, yay or nay, in part or in full. And that's it.
• 42:49
  Seth Holehouse: Great. Well, Kirk, thanks again. It's always fun having you on. Take care. Have a great rest of your week.