Latest / Man in America Podcast / Financial prepping 101: Dollar collapse, gold & silver, CBDC, parallel economies, and more

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Financial prepping 101: Dollar collapse, gold & silver, CBDC, parallel economies, and more · Man in America Podcast

• 0:00
  Speaker 1: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Holehouse. So for this week's economic update with Kirk Elliott, instead of covering some of the financial news and what's happening around the world or talk about what's happening with bricks and, you know, China and all that stuff, I thought it would be good just to have since it's Thanksgiving week, it's a little more slow, I'm already kinda halfway in vacation. And I say, you know what? Let's just make this a nice relaxing show, and let's do a little bit of a q and a.
• 0:27
  So before the show on Telegram, I asked you all, I said, look, do you have any questions about precious metals that are specifically for Kirk? And you actually asked some fantastic questions. So we're just gonna get into some of these questions together. A lot of them are very foundational and fundamental. But for a lot of you, it's probably gonna be really helpful to hear the answer to these because these are questions I'm seeing coming up pretty often, especially when I'm doing a show together with Kirk.
• 0:53
  So we're just gonna dive right in, and let's go ahead and welcome doctor doctor Kirk Elliott to the show. Hey, Kirk.
• 1:01
  Speaker 2: Yeah. Happy Thanksgiving week.
• 1:03
  Speaker 1: Yeah. You too. You too. It's it's it's amazing. You know, as crazy as Thanksgiving has been the past couple of years, I feel like there's this new energy about things.
• 1:13
  I'm really looking forward to the holiday and, you spending time with family and everything. So it's gonna be really nice.
• 1:19
  Speaker 2: Likewise. I mean, we're just laying low, staying in Denver. Family's coming to us this year for the first time in a long time. So I don't even have to go anywhere, but we'll have a house full, and I'm really looking forward to it.
• 1:31
  Speaker 1: Yeah. Honestly, that that's the most we could ever ask for. Like, that's the you know, friends and family close to us and our health, just like what more could we ask for? Yeah. So as I mentioned, we've got a lot of good questions, and and we can just dive in.
• 1:44
  And this isn't gonna be a long episode. So if you wanna have your answers be, you know, a little more concise, we can get through more of the questions. But first off, you know, one of the questions I have gotten from people, it's really a question for me, is they're saying, oh my gosh, Seth, you're working with Kirk Elliott now. I already moved, you know, my IRA account or a bunch of my money into an account with Noble Gold. Should I be worried?
• 2:05
  And the answer is no. You shouldn't be worried. I started working with Kirk Elliott because I I've met you. I've seen you a few of these shows. I got to know you personally.
• 2:13
  And I just I really like how you run your business. I like how you approach things. You know, you're a strong Christian patriot. These are things that I love. Plus the fact that you're accessible, so I can have you come on the show often, which I really, really enjoy.
• 2:27
  But it wasn't because, you know, I found out something bad about Noble. They're actually they're a great company, and all the customers that have gone there so far, gotten feedback from, they've told me great things. So it's if if you've already, you know, worked with them or you're in the process of working with them, don't worry. You know, it's not like it's not a bad thing. It's actually a good thing, and you you've already made a smart move by moving into precious metals in general.
• 2:48
  But I you know, again, I chose to work with Kirk because I feel like he's becoming part of, you know, family to me, and that's that's really important. And in general, I really want to move, you know, as much as I'm doing into relationships with people that I really, really know and I trust. So, again, if you're with Noble Gold, just relax, you're in good hands. And if you're working with Kirk Elliott's team, you're also in good hands. So I thought I would just start with that.
• 3:15
  Speaker 2: Well, thanks so much for the kind words about me. I mean, that's that's just awesome. Right? And the feeling is mutual. Right?
• 3:21
  It's just likewise. It's a kindred spirit from the get go. And for people who invested with NOVAGOLD, I want to reiterate that you're great. You've got product. Whether you buy a gold eagle or a silver bar or whatever from different companies, it's going to be the same.
• 3:40
  Sometimes the pricing is different. But what we thrive on, which is why you and I gel so much, is the relationship side of it. Right? Because what we want is a lifetime relationship with our clients. And we know that the transactions are the bookends, right?
• 3:54
  You buy to get into a trend, you sell to get out of one. And what we do is we thrive on that relationship in between to help melt away people's financial anxiety. And and that's what the connection that you and I made so well is just the focus on people. And, like you, I like to talk on the air and get the message out. Yeah.
• 4:15
  Exactly. So there you
• 4:15
  Speaker 1: go. Exactly. Exactly. So one of the first questions I wanna dive into is, you know, a lot of folks have asked this isn't one particular person, but I've gotten the question consistently. You know, how does this IRA process work?
• 4:28
  Because for a lot of people, whether it's the IRA or their four zero one k, that's where a lot of folks have their their money tied up. And there's a lot of penalties and everything that's involved with that. So can you just kind of give like a quick rundown of how does that process work? Like, if I have a hundred thousand dollars sitting in the IRA or a four zero one k, how would each of those processes work?
• 4:51
  Speaker 2: Okay. It's real simple. It's simpler than most people think, right? So it's simply a rollover like any other IRA. Like you would go from Fidelity to Schwab or Schwab to Merrill Lynch or whatever.
• 5:02
  It's just a rollover. So it's tax free. So you the process is simple. We we would talk on the phone, you know, and say, hey. What what do you wanna protect?
• 5:12
  What do you wanna preserve? How can we help you? Right? And we move the IRA. It's a simple process of sending you an email with an esign document that opens up the new IRA bucket.
• 5:23
  Right? So that takes about fifteen minutes. And then there's a transfer form that you have to fill out that moves the funds from company A over to us. Right? So then that whole process, every administrator is different, Seth.
• 5:37
  So some can take a few days, some can take a few weeks. Our part gets done in like twenty four hours. But it's a function of how quickly were your old administrator released the funds. But but, you know, I would say two two days to two weeks is is going to be an adequate range. And then when the funds get here, I call you and say, hey, your funds showed up.
• 6:00
  Let's Let's talk about the allocation into silver. Did anything change? Because we want to make sure that we're always on the same page at the same time. And then we just allocate you. We buy physical silver, 1,000 ounce bars, 100 ounce bars, 10 ounce bars, one ounce round.
• 6:14
  Remember, it's not paper, Seth. It's not silver ETFs. It's not mining shares. It's not mutual funds. It's physical metals, right?
• 6:23
  But it's just a rollover. Now, here's the cool thing about precious metals IRAs is once you reach 72, there's a required minimum distribution, right, that the government makes you take. If you have a stock bond, mutual fund, anything like that, you just liquidate the asset and they send you a bank wire check. With precious metals, you don't have to do that. You can do a like kind distribution, which probably half of my clients are doing right now because they don't necessarily want the money and they don't want to sell the metals because they're growing, right?
• 6:55
  So you just ship the metals out of your IRA to you. That classifies as the distribution. So there's different ways that you can do it. Now, technically, a traditional has to go to a traditional, a Roth has to go to a Roth. But if you have a simple SEP, all of those can go into a traditional IRA.
• 7:15
  The 401Ks get a little tricky. If you're still working at your current employer, generally until you're 59, you can't do anything with it. In which case, I would just recommend you go to a money market and sit in cash, sit on the sideline for a bit. But if it's an old four zero one ks from a previous employer, that just rolls into a traditional IRA. Or if you're still at the company and you're 59 and a half, there's an IRS rule called the 59 and a half rule, right?
• 7:47
  It's an in service rollover where you can actually take the balance down to zero, move it into a traditional IRA, but you're keeping that four zero one ks open, right? Because you're still employed there, right? You can't get rid of it until you leave. So there's all kinds of options. The bottom line is it's super easy.
• 8:06
  My team will handle everything except filling out the paperwork. We'll help you fill out the paperwork, but you have to fill it out. And we just get that ball rolling and get you out of the path of the hurricane easily.
• 8:18
  Speaker 1: That's really helpful, actually, even for me that, know, I don't I'm, you know, I'm not in a place where I've got an IRA or a four zero one k, and I probably won't get to that place in life because, you know, that's just not the direction I'm going. But I think for a lot of people, that is the the case. But one of the questions that that I have about that, and also I see a lot, is also what Kelly is asking on Telegram who says, how safe is gold and silver in a four zero one k, I. E, not when you're not in the possession of it? If things go south, how hard would it be to get it?
• 8:47
  And so I think that, you know, adding to that question, because for you to avoid the taxes and penalties, you can't say take that hundred thousand dollar IRA, move it into silver and gold and be holding it physically. Right? Does it am I correct that it has to be stored in like a third party vault to avoid that? And then then if you pull it out, you get taxed upon pulling it out. But is there risk in keeping it in the vault?
• 9:13
  And how would you answer that?
• 9:16
  Speaker 2: No. There's no risk per se. Right? I mean, the vault that we use, it has a billion dollars of liability protection on it. So that would cover against any kind of shenanigans that would happen, know, theft or whatever.
• 9:30
  So that's covered there. The key in a depository storage arrangement is how the contractual status of ownership is. Meaning, you don't want to have joint ownership with any kind of depository where they can sell the same product over and over and over and over again because they have joint ownership. They don't even have to ask you. That's not safe.
• 9:50
  That's like fractional reserve banking. So the one we use has singular ownership, meaning you're the only one that has a right to a claim to it. Now, you're right, Seth. You can't take delivery of metals in an IRA until you distribute it out. And then it's just taxed as ordinary income.
• 10:07
  To avoid the taxation, you keep it in the IRA until you because there's anything gross tax deferred in an IRA when you buy and sell, there's no tax on it until you distribute out.
• 10:20
  Speaker 1: I see. So but when you do that, you like, let's just say that I took hypothetically uses this figure as a hundred thousand dollars. And say that gold was at or say that, you know, gold was at a thousand dollars an ounce. And so I bought a hundred ounces of gold. So I would literally be I would be owning, like physical one ounce bars.
• 10:40
  Is that right? Like, could literally go and schedule an appointment and go look at my actual gold that I own. Like, so people, they're not putting money into, say, a gold mining stock or, you know, gold on paper. They're literally buying like, you know, cereal marked, you know, bars or coins or whatever it is that are their possession. It's just that someone else is keeping them in an insured vault.
• 11:05
  Is that correct?
• 11:06
  Speaker 2: That's correct. Now, if you wanted to go see them, you can. We have to set up that in advance because it's an ultra secure facility, but it can be done, right? It's just there's processes that we have to go through. But the cool thing is it's not a certificate, it's not a share, it's not an ETF, it's not a mutual fund.
• 11:24
  It's actual physical thousand ounce, hundred ounce, 10 ounce bars, right? They'll have a hallmark. Thousand ounce bars have a serial number. They're attached to you. And this is why you like what we just talked about before, you can take delivery of those metals upon distribution because it's not a share certificate.
• 11:43
  It's actually a physical thing. And this is where people need to really understand the difference between physical and paper. Because physical, the price, it's not as easy to manipulate the price like you could on spot price as current futures month delivery price. It's a paper price, right? When you're buying physical metals, it's a function of supply and demand.
• 12:06
  It's like how much inventory do you have? How much demand is there? Oh, there's nothing left. Prices are gonna go up. That's economics one zero one.
• 12:13
  Acts different than the paper markets do, and that's key to protection and safety is actually buying the physical metals.
• 12:20
  Speaker 1: I see. I see. And what I've told people in the past too is that, look, if you're concerned about society getting more chaotic, and you wanna have it, then I'd say, you know, wait until there's a trigger moment where you see that, you know, say there's run runs on the bank or say there's increased violence or there's, you know, strikes and the shipping companies are shutting down. I would say, you keep it, you know, if someone was going with that, they don't wanna pay those taxes and penalties. Keep it secure until, you know, society's at a place where you're like, you know what, I'd rather, you know, just pay whatever tax and penalties there are to distribute it, and just have it in hand.
• 12:56
  But until then, you know, like, if you can still go on Amazon and get a book delivered the next day, you know, you can still trust that this the delivery service would work. That's, you know, kind of what I've also told people as well.
• 13:09
  Speaker 2: Right. No. That's that's wise, wise advice. I mean, it's absolutely accurate.
• 13:14
  Speaker 1: So here's a question from Deborah, who says, total newbie question to actually, she's total newbie to the thought process of converting to gold. And she says the basic question is how does one make it liquid to use for exchange of goods, services or other payments? And this is like a really common question, whether it's gold or silver. Let's just say that again, they see that I've got, you know, dollars 5,000 in silver and $5,000 in gold. If we get to a point where say the CBDC rolls out or there's a collapse of the currency, how do I, you know, what use is that?
• 13:47
  Do you go to a gas station and give them silver? Or how would you see the function of silver and gold? How do you see their function play out in a more barter type situation?
• 13:58
  Speaker 2: Well, it's funny to think about that in America because we've never have actually really lived through that. But in other countries where their currencies have collapsed, whether it's Argentina, Venezuela, you know, when the merchants don't want their currency, they will take anything in exchange for the valuable goods and services that they're selling because they want to survive. They want to live. Right? So in a weird sense, where there's a will, there's a way.
• 14:21
  Right? When we get to the point where the currency has collapsed so much that merchants don't want it, people will be trading anything of value back and forth, right? They'll whether it's gallon
• 14:32
  Speaker 1: of gas.
• 14:33
  Speaker 2: Ignition or gas or water or toilet paper or gold or silver, right? Now in a barter world, gold isn't necessarily the best because it's too expensive. Right? So even at today's prices but tell you what, if we've gotten to the point where the wheels have fallen off the economy and we're in a barter world, silver is not going to be $21 an ounce. It's probably going to be hundreds of dollars an ounce because everything has fallen apart.
• 14:58
  Right? And gold will be even more. So the key to barter is get the lowest denomination, lowest premium stuff that you can. Nobody's going to care about a rare historical coin. European fractional gold coins, right?
• 15:14
  Nobody's going to care. I don't care if they're fractional in size and quarter of an ounce, a fifth of an ounce. They're too expensive. And you'll never get that premium out of it when you go into a barter world. So the key is get the lowest cost, lowest size, smallest size that you can if barter is of concern to you.
• 15:33
  Speaker 1: And what about someone asked us in Telegram, and I recently actually bought Sunset an opportunity to, is junk silver. Right? Like, you know, the the pre 1971, I think it what it was some of the earlier quarters, dimes, half dollars. You know, because to me, those are like, you know, like a little silver dime is a great low denomination. I wouldn't recommend, you know, my own perspective is that shouldn't be your main kind of place you're putting money, but say you have 5% of your silver or, you know, whatever percentage, a small percent that is in these really small denominations, what do you think about having some junk silver laying around?
• 16:09
  Speaker 2: So it depends on the time that you're buying them. Because those are something where the premiums can expand and they can shrink. Right? Because and they're pre 1965, actually. So the dimes and quarters that were minted prior to 1965 and the halves, they were actually made of 90% silver.
• 16:27
  Right? So anything that's newer than that, they're just worth their face value, $0.25 or $0.10 Right? But part of that, worth like a quarter. You know, it's 0.715% of a quarter. Right?
• 16:42
  So if silver is $20 an ounce, quarter that's $5, so you're looking at about $4 a quarter. Right? So for barter, those are fine. I'm not actually recommending people buy them right now because the premiums are too high. But when the premiums shrink, they're great for barter.
• 17:01
  Right? Because they are small. So what what I my number one coin or medal of choice for a barter world would just be a generic one ounce silver round from a refinery round. Yeah.
• 17:13
  Speaker 1: Yeah.
• 17:13
  Speaker 2: I mean, they're they're 20 something dollars right now, but the premiums are the lowest of anything. And that's because remember, again, in a barter world, nobody's gonna care about the premium. Nobody's gonna care about the rarity, scarcity, whatever. All they care about is the number of ounces, and the best way to get low cost silver is through rounds if you're looking in the one ounce size.
• 17:36
  Speaker 1: I see. Okay. Here's a question from McLean who says, what do you think about gold backs? Because I've I've recently started looking into those as well. You know, I think is it Nevada?
• 17:44
  In in 02/2011 or so, they started issuing these gold backs, which are a very, very thin layer of gold that's in encapsulated with something to kind of protect it. What are your thoughts on that?
• 17:57
  Speaker 2: Well, the one word that comes to mind is gimmicky. You know? I mean, generally, when you when you get to stuff like that, you always pay too much premium for it.
• 18:06
  Speaker 1: I see.
• 18:06
  Speaker 2: Right? I see. So, again, even in in the gold side, like, right now, as we speak, a one ounce gold bar is about $120 less per ounce than a one ounce gold Eagle. So again, I like low cost, low premium, maximize the number of ounces that you have. The best way to do that and in time that things can change, right?
• 18:29
  But right now, if people wanted gold, I would say one ounce Gold Bar because it's so much less expensive than a one ounce Gold Eagle or Maple Leaf or anything. It's just inexpensive cost per ounce.
• 18:43
  Speaker 1: I see. And another common question I get is right now, should you know, let's just say, you know, again, using the hypothetical, say I had $100,000 to put into precious metals. What ratio would you recommend of silver to gold?
• 18:59
  Speaker 2: Good question. And for right now, 100% silver.
• 19:03
  Speaker 1: Really?
• 19:04
  Speaker 2: Now here's the reason why. Historically, there's a number, right? It's the ratio. How many ounces of silver does it take to buy one ounce of gold? 20 is the historical number.
• 19:15
  So if you took the price of silver, let's just call it $20 for it's close. It's 21 something, but for math. So $20 an ounce times 20, the historical ratio, that would put gold at $400 an ounce. It's like, wait a second. Gold's not $400 an ounce.
• 19:30
  It's like $1,700 because the ratio today is 81. Right? So if you multiply the price of silver times 81, you get the price of gold. So what that number tells us and this is exciting, Seth, because that tells us either the gold is overvalued or silver is undervalued. That's all that number tells us.
• 19:50
  So we have to ask one more question. What causes gold or silver to go up? Unsustainable debt, inflationary pressures, political chaos, geopolitical conflict. Right? Oh, we have all of those.
• 20:00
  So gold's not overvalued. It's going to continue to grow, which means silver has some catch up to do. So here's my strategy, and I've been implementing this for over twenty five years. When the ratio is this high, let's just call it 80 to one and silver is going to play catch up, which means over time the ratio gets to 40 to one. At forty:one, if we were to liquidate our silver and just use all those profits and go into gold, what do you get?
• 20:29
  You get twice as many ounces of gold then than what you could have got today because the ratio is in half. You got twice the amount of gold and you didn't add any new money to your position. It's amazing. It's not magic. It's just math, right?
• 20:42
  And so let's say it comes down to 20 to one, the historical ratio, right? Then you double up those ounces again. Now at that point, I would be 100% into gold. And then you ride that trend line up and you actually compound the number of ounces of silver that you can get. So for some of my clients, I would say 60% to 70% of them, they never want to go back into the stock market.
• 21:07
  They don't trust it. They don't believe it. They want something that's real and tangible. See, we can play that ratio trade is what I call it from silver to gold, gold to silver, as prices are going up or going down. And then what we're doing is we're compounding your ounces, which is one of the keys to wealth as time goes on.
• 21:26
  And we don't have to ever go back into the stock market if you don't want to because we can trade the two metals against each other and keep growing your portfolio by compounding your ounces.
• 21:36
  Speaker 1: So it's almost like I don't know. This may be a silly analogy, but it's like you have two race horses, and and you you you're tracking the progress of each horse. And so sometimes one horse is making a lot more progress than the other ones. You want to you want to be on the back of that horse and, you know, winning with that horse. And so basically, so and what your team does is you're helping clients.
• 21:56
  So if I take that $100,000 and say, Okay, Kirk, I trust you, I'll put $100 into silver, then you're not just like saying, Okay, great. I sold it to you. And thank you, Sayonara. Right? What you're doing is you're saying, Hey, Seth, look, we're watching these markets.
• 22:11
  And you're saying, Hey, silver is now reaching, you know, closer to its historical ratio with gold. And that silver you bought for a hundred thousand is now worth a hundred and 50,000. But actually gold is lower than what should be. So you're like, well, how about let's move that that 50 or maybe a hundred a hundred of that still 150 over to gold, and then gold then then you see gold catch up with silver again, and that one fifty is now 200. And so in the same way that, you know, it's almost like a stock is very passive.
• 22:39
  You're just kind of hoping that you get, you know, stock price increases and it splits, etc. So you're actually kind of playing the market, you know, and kind of playing gold and silver against each other. But you're also watching because there's, you know, I think I would guess that there's certain times when one is more safe than the other and less volatile. So it's, you want to kind of have security in one and opportunity in the other as you're moving back and forth. So is that something that you and your team Yeah.
• 23:09
  Speaker 2: I wouldn't even call it playing the market. It's more like actively managing it for them, right? Because Okay. Today, gold and silver equally is safe. Right?
• 23:19
  So if they're equally as safe, which one's outperforming? Silver. Right? Because gold gold might be up five or 6% over the last month and a half. Silver's up 23%.
• 23:28
  Oh, we're in silver. If they're equally as safe and one's doing better, we just allocate into the one that's better. And people ask me this all the time. It's like, why silver? Why do you like it so much?
• 23:38
  It's like, it's not that I like it so much. It's just that it's doing better, right?
• 23:43
  Speaker 1: We
• 23:44
  Speaker 2: allocate into the one. If gold were doing better, I'd be in gold. But here's the thing. If stocks were booming, maybe we go into stocks, right? It's not that I care about which asset we're in as long as it minimizes risk and maximizes return in a client's portfolio.
• 24:02
  With everything that's going on in the world right now, politically, economically, socially, unsustainable debt inflationary pressures, interest rates, all of that, the safest asset in the world is silver, which is why I like it so Ultimately, silver will peak out. So here's the nature of those markets, Seth, is silver tends to have higher highs and lower lows than gold as a percentage of growth, but a shorter duration of how long it takes to get there. Gold is more of like your steady Eddie kind of investment, right? It's not going to have percentage wise the big peaks and the valleys. It's just going to consistently grow, but it takes longer to get there, right?
• 24:45
  So this is why when we're in silver and it's outperforming, we can lock puts and then roll into gold and continue riding gold up for a few more years probably because I have no interest, zero interest in the stock market until you get a change in presidency or a change in Congress and you get policies that encourage economic growth, like lowering taxes, lowering interest rates, and creating jobs. Right? I don't see any of that happening anytime real estate.
• 25:15
  Speaker 1: No. No. Unfortunately. Yeah. We we can hope there's a fair election '20 '20 '4, but, you know, we'll see.
• 25:22
  Right?
• 25:24
  Speaker 2: Yeah.
• 25:24
  Speaker 1: So here here's another common question. This one is asked. This is from s Goss on Telegram. He says, if I order silver, how does it arrive safely and not get stolen during shipping?
• 25:36
  Speaker 2: Well, let's face it, maybe it does get stolen during shipping. I mean, but it's shipped UPS two days and it's insured. Right? So once it gets there, somebody has to sign for it, but it's insured the whole way. Right?
• 25:52
  So in about twenty seven years of doing this, sending out tens of thousands of packages, maybe seven or eight have not made it.
• 26:04
  Speaker 1: And I'm guessing you don't label the packages like gold and silver delivery, right?
• 26:09
  Speaker 2: No. There's not a picture of a gold foil coin on the outside. Congratulations for your amazing purchase. No, it's a very nondescript box. Nobody knows what's in it, right?
• 26:20
  And if it gets stolen, if it gets lost or whatever, damaged in shipment, which could happen from time to time. Like I've said, it's happened about eight times, but out of tens of thousands, tens of thousands of shipments, right? I mean, we do, I don't know, we probably do 10,000 every year. I mean, I've been doing this for twenty seven years. It doesn't happen very often.
• 26:43
  But when it does, the insurance kicks in, they pay us, we just reship it. So it's not something I would even lose a wink of sleep over.
• 26:52
  Speaker 1: I see. I see. And the other thing is that, do you have any minimums? And this is actually one of the reasons why I also switched over because I know the different companies, know Noble for instance, they did have a certain minimum for purchase. And for some folks, they're not ready to go spend 5 or $10,000 the first shot.
• 27:08
  So if someone wants to contact you and say buy, you know, $500 worth of silver, is that something you'd turn away? Or how do you handle that?
• 27:17
  Speaker 2: So we don't have a minimum. It's kind of like the widow's mite principle, right? I want everybody to be a wise steward of what we've been given, and I want to help them get to that point, right? So personally, we don't have a minimum. I don't care.
• 27:30
  But technically, there kind of is one. For example, if you're buying gold, well, gold's $1,800 an ounce, right? It's going to be about $2,000 if you wanted to buy gold because you can't cut a gold coin half with a hacksaw, right, and lower the price. It is what it is, cost per ounce. Silver, it costs $25.
• 27:51
  We we ship drop ship directly from the depository. Right? It's $25 for 500 ounces or less. It's free for more than 500 ounces. So I could sell somebody one round for like $28, but you double the price because you have to add $25 on for shipping.
• 28:10
  That doesn't make sense. Even though I don't have a minimum, could do that, but it doesn't make sense. I would never recommend it. So really to not nickel and dime somebody on shipping, say $500 technically would probably be a good range to say, I'm not gonna go below that, or else the shipping just becomes too much of the total price to actually make it make sense.
• 28:35
  Speaker 1: I see. Okay. And if somebody, so if someone's interested in working with you, and they call your office, what's the process look like? And I also wanted to throw out a quick caveat to people that anybody that's interested, and maybe you can speak to this, is that right now, I know that your guys', your phones are ringing off the hook. Is your your your spread you know, people are hearing about you, you have a great reputation.
• 28:58
  And so people should also understand that this is a very busy business, and a lot of people are moving their money into gold and silver right now. So it does take a process. It's not like you can call right now, get Kirk Elliott on the phone, you know, you know, and make a purchase immediately. So it will be it could take some time to handle that process. I wanna just give people that caveat upfront.
• 29:19
  That way, expectations are are real. But walk us through the process if someone calls your your office and your team.
• 29:26
  Speaker 2: Yeah. So let's say they they heard about you us on on your show, Man in America. Right? So so they go to the link that's provided or just call us, +1 706053900. When they call, you're gonna talk to one of my schedulers.
• 29:41
  I have, like, 10 of them. Right? So so they'll ask you questions. What was it that Seth and Kirk were talking about that caused you to want to reach out? Right?
• 29:49
  Understand your needs, your desires. We're not being intrusive. We're trying to help you, right? Because we want you to fulfill your dreams. So they'll ask you questions about IRAs, non IRAs, what are you wanting to protect?
• 30:02
  Then they'll match you with one of our advisors or myself, right? Just depends on your personality. We want you to talk with somebody who you're going to feel really, really comfortable with, right? So then at that point, our advisers are amazing. Right?
• 30:19
  They they think, they act, they talk like me. They even sometimes even say some of the same dumb jokes. Right? So so they'll talk to you and and map out a strategy for success to get you out of the path of this hurricane. Then at that point, it goes to we have an asset transfer team.
• 30:37
  We have teams of specialists, right, that would order paperwork to transfer your IRA over or your old 401 ks or 403 b. Right? That's the process. And once the funds arrive, you'll talk to the advisor again or myself, say your funds arrived, let's get you locked in. That then is where our relationship begins, not ends, right?
• 30:57
  Because it's just the beginning of our journey together. So at that point, then I will let you all know via weekly video email when it's time to buy, sell, reallocate, get out of dodge, do whatever needs to be done. Right? I will let you know that because I want to make sure that you're not just a transaction, you're not just a number, right? But but you're part of the family here.
• 31:20
  And and we wanna melt away that financial anxiety and have you understand truly the why we do what we do, why you're in the right place at the right time. And that's what's amazing about that when we want a lifetime relationship with our clients. But how it starts is simply that little leap of faith. Give us a call or fill out that form, and that's the process that you would go through.
• 31:42
  Speaker 1: Perfect. Okay. So I'll pull up the website as well. So this is if you go to goldwithseth.com, it takes you to this page on Kirk's website, which is kind of my page setup. And so this is his site.
• 31:52
  There's a little video on there. And here's where you fill out the information, the phone number and everything. Here at the very bottom, you'll see this is where you fill out the basic information that you have. This they say you'll put with a rep, they'll contact you or again, you call the phone number, which is (720) 605-3900. So it's (720) 605-3900 or goldwithseth.com.
• 32:18
  So, Kirk, thank you so much for joining me today. I hope that for the folks that are watching, this is helpful for you. That was the intention is that there's a lot of, you know, like, the reality is that we're all trying to protect our wealth, and you should do your due diligence. And if you're not sure about gold or silver, if you're not sure about Kirk, just call them and grill them. You know, that adviser should be able to answer every question you throw at them.
• 32:42
  And if they don't, or they give you a bad answer, then maybe you should go somewhere else. So really challenge them and say, look, are you who you say you are? And is this how it works? And ask them, you know, some tough questions because you you deserve to. This is your wealth that you've really worked your life to preserve and and to accumulate.
• 32:58
  And so you really deserve to have someone that will be out there fighting for you and that can protect you. So, Kirk, thanks again for coming on. It's always a pleasure to have you, and just want to wish everyone a massively happy Thanksgiving. We have so much to be thankful for. Even though we've got Biden and all the crazy stuff happening, we've got our families, we've got our health, there's so much for us to be thankful for.
• 33:20
  Speaker 2: Happy Thanksgiving, everybody. We truly have a ton to be thankful for and be grateful for. And part of Thanksgiving is giving, right? So make sure that you share your gratitude. It's contagious, Right?
• 33:34
  Speaker 1: That's
• 33:34
  Speaker 2: true. Enjoy your time with family and friends or wherever you are, and we'll talk to you again next week.
• 33:38
  Speaker 1: Alright. Thanks for take care, man. Have a good one.
• 33:41
  Speaker 2: Bye bye.