Stephen Merrill is the owner of SunCity Silver and Gold Exchange in Kelowna, BC and he is joining Tanya to discuss the instability of Canada's financial system, as well as alternative options for your investments and how to secure your assets.
00:00:10.640That's where your bullets and your beans and your bullion and your beer and other whiskey cases of whiskey, cigarettes, you might be right, are going to be left standing.
00:00:22.180But the other part two of that question, I can't remember, Tanya.
00:00:28.280I think that what we'll do is, because I'm just going through the questions, and a lot of it is, if I have a RIF, if I have RSPs, how can I transfer that into silver and gold?
00:00:49.980It's my pleasure to introduce tonight's special guest speaker, Stephen Merrill.
00:00:55.060Stephen is the owner of SunCity Silver and Gold Exchange in Kelowna, BC, and he's joining Tanya to discuss the instability of Canada's financial system,
00:01:06.880as well as alternative options for your investments and how to secure your assets.
00:01:12.380So now, my friends, I invite you to sit back and get comfortable as we listen to this very informative conversation between Tanya and Stephen Merrill.
00:01:25.960Thank you so much, Heather, and welcome, Steve.
00:01:28.200I was really looking forward to the show tonight.
00:01:31.380Some people, I would have to say the reason being is that we're facing so many different issues with the government bringing in these nefarious backroom deals and campaigns,
00:01:46.780focused on the UN, focused on destabilizing Canada, and one of the ways they're doing that is with our finances.
00:01:57.440They could have investments maybe making 6% and they're feeling pretty good about that, but they don't understand if they can't touch it, they don't really possibly own it.
00:02:07.560And so I just felt that we have a responsibility to educate Canadians on what is really happening with fiat currency, where the state is right now,
00:02:20.660especially in Canada, where we no longer have gold-backed currency, and how that affects each one of us personally.
00:02:27.240And, yeah, so that's why one of the reasons I'm really excited, because Action for Canada is here to serve Canadians,
00:02:34.220and I just find that the financial state is at a critical place where people could lose everything if they're not aware of what's actually going on.
00:02:45.620So thank you for being on the show tonight, and we're going to look forward to your presentation.
00:02:49.940Yeah, no, thank you, Tanya, and welcome, everybody.
00:02:52.600And I know lots of friends and fans across the country, we've filled a lot of orders for your members over the last couple months,
00:02:58.200and it's been really fun meeting people from all corners of the country, that's for sure.
00:03:04.420And you're right about the state of the financial system.
00:03:11.380The volatility is starting to be recognized more and more, and there is a lifeboat.
00:03:17.900You know, this Titanic, if it's a financial Titanic, is really close to that iceberg, and there is a lifeboat, and you want to own one.
00:03:29.120And I'll talk a little bit about what's going on lately in the market and see if I can bring this up.
00:03:33.540I don't know if you can see me, but...
00:03:35.620Yeah, we can see you fine, and we'll look forward to share screen.
00:03:38.840I want to let people know as well, our viewers know, that you've just been tremendous to the Freedom Group,
00:03:45.260because with your company in selling precious metals, you have partnered with Action for Canada and other freedom groups
00:03:55.500to offer the best deals in Canada to our members, and as well through that, there's a small donation as well that comes to Action for Canada.
00:04:05.340And so, you've just been very generous, and I know your and my heart is in this for the right reason.
00:04:12.600This isn't about, for us personally, to make money.
00:04:15.240This is to open up an opportunity for our viewers and for Canadians to secure what they've worked so hard to put in the bank,
00:04:24.760which isn't going to be, you know, secure at that point.
00:04:28.880So, I'll stop with that, but we'll talk more about that afterwards of how, if people decide after your presentation,
00:04:36.040how they can connect with you, learn more, and possibly put some orders in to secure their assets.
00:09:32.960Well, there's some talk about, and most people have probably heard this, about the new BRICS currency and the meeting in three weeks in Russia.
00:09:41.240Well, guess who else has been buying gold, especially in huge amounts of late.
00:09:47.460Just last week, the Russian central bank put out a notice that they were going to increase their daily volumes of gold purchases sevenfold.
00:09:58.100Now, it's a bit of a long story, but gold has been bought by the Russian bank really for a good 20 years now
00:10:06.080since a delegate of Mr. Putin sent a fellow by the name of Bykov to a really interesting conference up in Boston City back in 2005.
00:10:16.960There was only 100 people up there, and it was at that conference that the group called GATA,
00:10:21.880the Gold Antitrust Action Committee, shared with the world and shared with this delegate from Russia
00:10:26.620how the gold market is managed, some say rigged, some say suppressed, but managed by Western central banks
00:10:33.840to keep the price down and to prevent gold from sending the signals that it would normally send
00:10:39.840in a chaotic environment or an inflationary environment or a war-type environment where gold would normally be bought.
00:10:50.400And the Western central banks do this to keep people from doing what some of you online are considering,
00:10:56.620which is maybe protecting your assets this way.
00:11:00.500You can see from some of the posts here that they're doing what all of us should be doing,
00:11:05.960but most don't do because it's really hard to execrate yourself out of a banking system
00:11:11.760that's had such tight control over you for so long.
00:11:15.400But here's another reason the gold price has been on fire.
00:11:18.580India just last month, and India as a country, as a nation, holds more gold than any other nation.
00:11:27.320Now, most of it's in 22-carat form, and it's dangled around the necks of Indian women
00:15:24.720And the plan all along has been to destroy the currency, and they're well along that line.
00:15:30.100And the endgame, historically, according to the Austrians, is what they call a, what they call a, the Austrians call the endgame, the crack-up boom.
00:15:42.040And it's, you can Google this term and read all about it.
00:15:46.260But it's, it's happened in Venezuela recently.
00:16:20.120It's, it's even more reckless here in, in our country.
00:16:22.840Another fun stat about, you know, the loss of purchasing power of a dollar in some of the items you could buy 100 years ago with a dollar down at the bottom there.
00:17:36.580So the public is still pretty much asleep.
00:17:38.520I've said for years that most Canadians, especially can't spell gold, let alone put a gold coin in their hand, an actual gold coin like this.
00:17:47.380Here's another crazy stat out of the States from last year.
00:17:50.40071% of advisors, that is financial advisors, have 0 to 1% exposure to gold.
00:18:23.160And 0% reported anything more than 10%, which is just startling to me in that, and that I suggest to people that at least half your savings be in gold or silver today.
00:18:35.320And, uh, and at the very minimum, you know, at the very minimum, 10%.
00:18:40.640So this headline says, how to buy gold at 90% off.
00:18:48.400And I doubt anyone listening is not, uh, um, jumping up and down to learn how to buy gold at 90% off.
00:18:57.440Well, it turns out there's something even more rare than gold, and it's a metal known as silver.
00:19:01.380And silver's been in the news throughout the ages, not so much for its monetary properties, although it's equally been money joined to the hip with gold for thousands of years.
00:19:13.040It actually turns out it's an incredibly useful industrial commodity.
00:19:18.180It is the second most widely used commodity on earth after oil, and it's used in over 10,000 industrial applications.
00:19:25.600Solar and batteries are some of the biggest, uh, drivers of, of silver usage over the last few years.
00:19:34.460But it turns out that 50 years ago, there was a shortage of silver.
00:19:40.000And this article, um, goes on about this fellow named Stevens from what is called the Silver Users Association, who was rallying Congress.
00:19:51.140And it wasn't the first time he rallied Congress to demonetize all of the remaining silver half dollars at the time in 69 were just a few left, and they were only 40% silver.
00:20:00.920But the point of his presentation to Congress was this, this had to be changed.
00:20:08.080Silver had to be pushed out of the coinage, and they had to start using cooper nickel because silver is such a valuable industrial metal, and it was vital, a vital ingredient in the, um, in the defense and aerospace industry.
00:20:25.320And he even made the comment, this valuable silver could be used more effectively to defend the nation or, aka, make war.
00:20:35.180But some of the comments in this are, are truly stunning, and this was well over 50 years ago.
00:20:40.120Most of us probably just barely out of diapers when, when the, the push was on to demonetize silver and, and start switching over.
00:20:48.460More recently, 2024 World Silver Survey is something that's done annually by a group called the, um, um, uh, what are they called?
00:21:06.640In 2024, another record year, demand surging as mine supply continues to fall.
00:21:14.640There's really been no incentive to mine silver.
00:21:16.720Uh, you're next to crazy at these prices.
00:21:21.220Industrial demand rose overall by 11%.
00:21:24.400Um, photo, photovoltaics, PVs, capacity well above expectations.
00:21:31.140They're not even, they're couching their words in this case, in that silver in, uh, solar panels, especially 20 grams for every panel.
00:21:39.580Uh, and panels are being, uh, built and installed all over the world and subsidized by, uh, governments.
00:21:46.540So at the same time that, uh, silver's being used in every phone, every keyboard, every monitor, every smart bomb, unfortunately, Tomahawk missiles and everything else, mine supply continues to fall.
00:21:58.380The largest mining jurisdiction in Mexico, down, uh, production across most of Asia, down, uh, production across, uh, the Western world, down.
00:22:08.940And, um, overall, it's this Canadian silver output, uh, output fell for another, another year consecutively, down 17% year over year.
00:23:01.860And you can read his words and he's dead on because so many of us have been saying this for a long time, that this wasn't sustainable, but he's commenting here on how offside were their forecasts just a few years ago.
00:23:18.680And that today they believe that the current consumption rates, the, uh, uh, uh, above ground stockpiles of silver, which is very little, could be fully depleted within two years.
00:23:34.440The energy transition, he says early is, is this, this decades investment zeitgeist, an implication for silver, uh, cannot be overlooked, but often are.
00:23:45.740Above ground supply falling, uh, give you a quick history lesson after world war two, the U S government had over 6 billion ounces of silver in his strategic reserves.
00:24:03.500And, you know, they keep certain metals in a strategic reserve.
00:24:07.260They have an oil reserve, strategic reserve, the few hundred million barrels in it, you know, Biden and Kamala, everybody's been hearing that they've been draining that.
00:24:14.020But to give you an idea, 6 billion ounces of silver was owned after world war, after world war two, just by the U S government.
00:24:23.160Um, there was other governments held strategically silver, but we're just talking U S government, 6 billion ounces today.
00:24:30.620The largest stockpile of silver is in New York, uh, and London, mainly London in the warehouses.
00:24:36.820There's some in New York in the COMEX, about 150 million ounces, but these above ground reserves are less than a billion ounces today.
00:24:45.960After being in the many, many tens of billion ounces, um, almost a hundred years ago.
00:24:58.100Interesting quote there at the bottom.
00:24:59.380That was the silver Institute that does this world silver survey, by the way.
00:25:02.440Investors, they forecast hold 2.4 billion ounces of silver, 75,000 tons, but most of that is never sold back into the market as most of us, 99% of us see much, much, much higher prices and have no intention of selling back silver at 50, a hundred dollars or even $250.
00:25:22.180I fee, I feel personally as a fair market price for silver is about a three to one ratio to gold and we can get into that.
00:25:32.680So the experts agree, uh, some of these quotes, uh, Eric's brought there at the bottom, one of the smartest guys, a Canadian billionaire said that in 2016, that he was sure we'd be seeing a hundred to $200 prices for silver.
00:25:46.340And he was talking in us dollars back then, cause this commodity is measured in us dollars.
00:25:52.180There is no doubt that the path we're on is not sustainable, right?
00:25:54.980Keith Neumeier in the middle is a silver miner, a president, mining executive of the year in 2016, TSE's mining executive of the year.
00:26:03.100One of the very few miners who will speak honestly about silver and gold and, and, and what's going on with these markets and how these markets are manipulated, suppressed, managed.
00:26:17.140Uh, Keith looks about 30 years old in that picture.
00:26:19.560Uh, today he's about my age pushing 60 as an old picture, but he did say that some time ago today.
00:26:26.880He's the still the chairman of, uh, first majestic silver.
00:26:30.580They're pulling 4,500 million ounces of silver out of the ground in Mexico for properties.
00:26:35.960And the ratio of silver to gold, which is an interesting thing to remember is seven to one, seven ounces of silver coming out of the ground for every one ounce of gold.
00:26:43.640That comes from his lips and then at the top of the screen, John Heller, and you can see what he's said.
00:26:51.640He is a smart, smart guy, uh, and smart money is buying silver because of the shortages.
00:28:10.020Sorry, that's million, that's, that's, that's, uh, yeah, million ounces.
00:28:15.460They traded 159,000 million ounces or, uh, 160 times more, 180 times more silver on paper in the futures market than the total mine supply that year.
00:28:30.940I remember from this same year, there was, uh, another comment, JP Morgan.
00:28:36.420You can imagine they got their fingers all over this, uh, rigging operation, uh, traded alone that year over a hundred days of the year, a billion ounces of silver.
00:28:48.280So JP Morgan alone had traded on paper a hundred billion ounces of silver in a global mine, uh, in a global supply market of less than a billion.
00:28:58.720It's a, it's, it's, it's a startling number and I call it a punji cause that's what it is.
00:29:08.380And these folks, you can imagine banks entities have been caught doing this, uh, ripping off the gold market.
00:29:18.300According to Bloomberg, fixing the price of precious metals, according to CBC, paying fines of a billion dollars for manipulating the precious metals and treasury market.
00:29:28.720So I'm switching here to a chart, real nice chart.
00:29:42.860Silver hasn't been this cheap, in my opinion, not only in 50 years, but in 600 years.
00:29:48.760Adjusted for inflation, this chart looks more like this.
00:30:52.840And I especially love the gold line there is the silver to gold ratio, which you can see.
00:31:03.620However, it covers under 20 for the most of the 14th, 15th, 17th, 18th century.
00:31:20.900The one, uh, where it was still at 15 to one, 52, 50 silver high in 1980, 850 gold.
00:31:30.180Do the math 15 to one ounces of silver to an ounce of gold, 15 ounces of silver buys you an ounce of gold, an ounce of gold buys you 15 ounces of silver.
00:31:37.540Historically, that's how much gold is in the ground relative to silver, how much silver is in the ground relative to gold.
00:31:42.660Well, it's also interesting that Warren Buffett, you can see in the bottom left, right-hand corner there, took a big position in silver at all-time lows back in the late 90s.
00:32:15.060But his dad, um, a fellow by the name of Howard Buffett wrote back in the 50s, he was a Nebraska congressman, wrote an essay called Human Freedom Rests Upon Gold Redeemable Money.
00:32:29.700Kind of like Alan Greenspan back in 1966, wrote an essay called Gold and Economic Freedom.
00:32:35.640They were very simple essays that explained why gold.
00:32:38.860Uh, both of them had turned to the dark side.
00:32:41.860Not so much Howard Buffett, but his kid has turned to the dark side.
00:32:44.320And we all know Greenspan's story became the world's biggest monetary expansionist after being a gold bug right up till 1966.
00:32:51.100But the point of this chart is just to really remind you the silver gold ratio has never been more in silver's favor and silver adjusted properly for inflation has never been cheaper.
00:33:03.220Here again, we've got another supply, gold-silver supply ratio chart.
00:33:09.680Uh, for most of the last 125 years, the ratio of silver coming out of the ground relative to the ratio of gold is under eight.
00:33:17.860And that syncs perfectly with Keith Neumeyer has said to us, he's a Vancouver guy, president of First Majestic Silver.
00:33:25.360He says, right now, seven ounces of gold.
00:34:01.240And for so many of you who probably don't know or been fooled by fake news to believe that Canada's banks escaped a bailout in their big, strong financial institutions and it's always in their interest to do right by you and their customers and support kids in Hockey Night in Canada and everything else.
00:34:22.260Every man, woman, and child, 14, 15 years ago, without their knowing, had to pony up $3,300 each.
00:34:32.660So, 35 to 40 million of us all paid either through inflation or direct taxation or some new form of taxation.
00:34:40.240$3,300 because these banks, and you can read these words, and this study came from Ottawa from a group called the Canadian Centre for Policy Alternatives.
00:34:49.000They said three big banks in Canada, and you can see the names, were completely underwater due to the financial crisis back in 2010, 2011.
00:35:00.620This group from the CCPA went through the books of the Bank of Canada and the Federal Reserve and found how much money was flowing to these banks, including RBC.
00:35:11.620And CMHC at the time, the total bailout was $220 billion,
00:35:15.460which on a percentage basis was much larger than the sort of $800 to $900 billion that U.S. banks apparently received in bailout money back at the same time,
00:35:28.400back in 2010, 2011, during the great financial crisis.
00:35:32.140Without the bailout, these banks would be gone.
00:35:34.200If these banks were gone without a bailout, any of the depositors in these banks would have lost everything.
00:35:39.380So I hate to be the bearer of bad news, but there's also good news in that if your funds are still in these banks or institutions,
00:35:48.180you've still got a chance, if you're brave enough, to get out.
00:36:33.040Well, we can show you some silver bars and gold coins if anybody wants here in a second.
00:36:38.000But silver gold bull has quickly become over the last few years, especially what I believe in Canada is the premier bullion dealer.
00:36:46.900We have operations in Frankfurt and in Vegas, so metal can be delivered in Europe and across the United States and in Asia.
00:36:53.100When you go to the website at silvergoldbull.ca, you'll see everything in Canadian dollars.
00:36:59.300That is both the futures price of silver gold, platinum palladium across the top screen.
00:37:04.900And then you can scroll through all kinds of different items ranging from 100-ounce silver bars right down to half-ounce silver coins and then gold from one kilo right down from all different refiners.
00:37:20.000The Australian mint, the Canadian mint, the Canadian mint, the Perth mint in Australia makes beautiful products.
00:38:17.740Delivery is always insured and guaranteed your door.
00:38:20.340We've delivered thousands of orders across the country at the peak and sort of during the trucker convoy after the TD seized a few accounts or turned off people's bank accounts.
00:38:31.020We were doing 1,000 to 1,200 bill payments a day, which obviously about 1,000 to 1,200 orders being packed up and moved across the country every day.
00:38:40.980We're not doing quite that volume now, but the numbers have been very steady.
00:38:45.540And it's very busy in part thanks to these channels like A4C in that we're dealing with awake people who know what's going on.
00:38:53.600So our prices will always be 1 to 1.5% better than the website pricing.
00:38:58.900A small gift, I call them banker busters.
00:39:01.760They're silver-shaped, pure silver-shaped bullets in 1, 2, 5, and 10-ounce in some cases, right up to 100-ounce if somebody wanted to buy a bunch of bullets.
00:39:19.480We've got an email set up that allows me to track all of the inquiries at a4cmetals at proton.me or protonmail.com, but it's proton.me that works.
00:40:48.240If you're sitting on millions of dollars and want to put that into silver and don't want to take delivery, then it can be insured and vaulted here in Canada, in Calgary, actually, not far off the Barlow Trail.
00:42:46.740We can ship, you know, as much silver as we can – as you can accept delivery of, and that the couriers will – generally over a million or a million and a half dollars.
00:42:56.980You know, we might have a Brinkstruck show up somewhere, but for the most part, it's all shipped in boxes of 40 to 42 pounds, and everything's insured right to your door, right to your signature.
00:43:08.360So I thought I'd throw that out there.
00:43:11.800Well, Steve, I'm so grateful for that and the information that you have provided.
00:43:16.560And at the beginning, when I was bringing you on, I was – it was a matter that I wanted people to understand, like, we really care about Canadians.
00:43:26.180And when you have this kind of knowledge that the banking system is so unstable right now, and this is where people have their investments, and they're wondering, what do I do?
00:43:38.040And as well, you talked about bank bailouts, which happened, as you said, in 2008 to 2010, but when the Liberals came in, they also included a bank bail-in.
00:43:50.020And a lot of Canadians don't understand the difference and what that means to them as far as the money that they have physically in the banks, including their safety deposit boxes.
00:44:03.880Can you explain what a bank bail-in means?
00:44:21.760And it was, again, I think it was on the books of the budget in 2021.
00:44:27.020Effectively, the bail-in is the bank using your money to save themselves.
00:44:33.560I believe the language also implied that your investment money, say your RSP or your TFSA, could be converted into Canadian government debt.
00:44:51.720So we want your savings, which are registered, registered means to assign legal title, registered to who?
00:45:07.840So we're going to convert those stocks and equities and bonds that you're holding in potentially your RSP or investment accounts.
00:45:13.920And I think they'd probably try the RSPs first and force those into Canadian government bonds, paying 5% or 6%, which is a form of a loan to the government.
00:45:27.720Now, we've already loaned the bank our money by giving them money.
00:45:33.100And this would be another level of a loan for sure, and that you wouldn't have control over your own savings.
00:45:45.280So, I mean, effectively, that's a bail-in.
00:45:47.560The banks are saying we're going to, on behest of the government, use your money to keep ourselves alive.
00:45:58.340Now, you can also go to the Bank Act, and I shared this with you a couple days ago, and there's some interesting language.
00:46:05.600You can Google the Bank Act and look up Section 21 Sunset Provision and find a paragraph there about the banks' ceasing operations in 2025.
00:46:17.600And most recently, they've changed the language to 2026.
00:46:21.360And I'm speculating, but it could be on the heels of the Bank of Canada saying that they're going to postpone or kick the can on their central bank digital currency for a while.
00:46:32.040But the language in the Bank Act and Section 21 has changed from 2025 to 2026, and it's crazy language.
00:46:37.740You know, at first glance, you go, what are they talking about?
00:46:41.240Yeah, so, Trensio, can I share my screen for a minute?
00:46:45.220Oh, I just want to bring up the headlines that I've seen.
00:46:47.520And so, already this week, the Bank of Canada suspends plans to introduce CBDC to the public.
00:46:54.860It says, over the past summer, the Bank of Canada released a staff discussion paper that recommended Canada launch its own digital currency to maintain monetary sovereignty and financial stability, among other reasons,
00:47:07.800as digital payments continue to see rising adoption while cash falls out of favour.
00:47:12.700But they did note in here, as well, as cash falls out of favour, but they said that, as well, that Canadians are not in support of the digital currency.
00:47:23.620And as well, what you were just talking about in Section 22.1, it says,
00:47:29.380on the application of one or more persons, okay, sorry, 21, sorry, 21.1.
00:48:36.420It's not that they're stopping the digital currency, because here Trudeau was just at the U.N. General Assembly in New York,
00:48:46.760and everybody's jumping full on on board into the U.N. agenda.
00:48:51.360And the U.N. also, I saw a news report today where they were, it was actually Dr. Sherry Tenpenny that was reading from the actual article,
00:49:01.440and it was saying how the U.N. is going to go into forcing digital currency, digital ID,
00:49:09.500and that for people who are spreading misinformation, there's going to be severe consequences,
00:49:15.840including shutting down banks, but shutting down their bank accounts.
00:57:55.840And I'm not just married to silver and gold.
00:57:58.480I think bullets, whiskey, Bitcoin, beer, beans could all be bought and stored the same way your silver and gold can and possibly even a more easy currency to use in the future.
00:58:42.040And so that's what I was talking about in people removing their RSPs, taking the upfront hit, having to pay some taxes, investing in the silver, which because once it corrects, people will have the potential of making a great deal of money.
00:58:58.580And so, OK, I know that I think we answered.
00:59:01.700I know somebody had asked a question about paying taxes on it.
00:59:13.380Well, the BRIC, yeah, the LBMA, the London Bullion Market Association, is the primary deliverer of physical gold that is bought in the futures market.
00:59:25.780The same way you buy oil or a frozen orange juice contract, you can buy a gold contract for delivery in February 2025, as an example.
00:59:33.960Historically, the people who buy those contracts aren't actually shopping for the real metal.
00:59:40.800They're just shopping for a dollar profit or something on their balance sheet that says gold.
00:59:45.660This allows those bullion banks to sell many multiples of futures contracts in excess of the actual physical gold, which they don't even hold.
00:59:55.840Now, it's kind of a spinny story, but these bullion banks, when they get into trouble like J.P. Morgan, they actually borrow gold from the Bank of England to make a delivery to someone in Saudi Arabia.
01:00:06.600And the two parties, the two banking parties, write it up as a lease in some cases, which allows the Bank of England to keep the gold on the books, even though the gold is actually missing from the vault.
01:00:14.580But this prevents the guy in Dubai or Saudi Arabia from blowing the whistle on the banker in London, you know, say J.P. Morgan.
01:00:24.020Hey, I bought this 400-ounce gold contract, and you can't deliver it.
01:00:28.380J.P. Morgan trusts that 99 out of 100 people who buy those contracts or entities that buy those contracts never want to take delivery.
01:00:35.100And this is the thing that's been going on the last 50, 60 years, is the financial industry has pummeled us with, oh, it's really risky to hold gold.
01:01:01.380J.P. Morgan, you know, J.P. Morgan Stanley in New York was fined some $200 million many years ago for charging rent, storage and insurance on millions of ounces of silver they were allegedly holding for investors, and they never had any of it.
01:01:38.380Scotiabank here in Canada was doing the same thing.
01:01:40.240I've seen three or four occasions where older ladies, seniors, sometimes in their 80s, come into the store with a silver certificate that they bought in one case in 1982 in Salmon Arm.
01:01:51.980A piece of paper said 100 ounces of silver.
01:01:55.500She had about 15 receipts for $6 each, so she'd be paying $6 rent each month for about 16 months until her husband stopped paying the rent.
01:02:24.480Maybe it's just easier if we give you cash.
01:02:26.060And that's what 99 out of 100 would do.
01:02:29.220And that's probably, I think, what this lady from Salmon Arm did, although I was willing to help her put the screws to Scotia and say, ask for the medal.
01:02:38.140But Scotia Makata is the bullion division of Scotia, and they're one of the ringleaders in this racketeering operation in London where they have deliberately and overtly suppressed for years, for decades, the gold price to keep people from it.
01:02:51.260I mean, after 1980 high of $850 in gold, the inflation didn't stop in the 80s, the inflation didn't stop in the 90s, but the gold price dropped to $260 20 years later.
01:03:02.740Silver fell to $550 20 years, 30 years later almost, after being over $50 in 1980.
01:03:36.820Like when you were talking about J.P. Morgan the last time you were on, and this racketeering scheme, and there were actual employees that were arrested, yet they're still up and running.
01:03:46.880And now you mentioned Scotiabank pulling this scam as well.
01:03:49.860People really got to be well-informed and educated on what's going on.
01:03:55.460And I just need to make a point, because I had written it down prior to this, that I just want to make it clear that Action for Canada doesn't provide financial advice.
01:04:04.840What we're doing and what Steve is doing is we're telling you what's going on in the market.
01:04:08.840We're telling you headline reports that you can easily access if you Google this information.
01:04:13.940And then leaving it to you to decide if this is a good decision, whether you want to remove investments that you find may not be as secure as you thought.
01:04:26.480This is an opportunity for you to hear from what Steve's presentation has presented and what I've been saying as well and start researching on the Internet and then making a decision from there, an educated decision as to what you want to do.
01:04:40.560Because quite frankly, I didn't know this, that Scotiabank was involved in this scam as well as charging for, you know, these pieces of paper or others charging for storage and then not actually having it on hand.
01:04:53.180That actually leads nicely into another question.
01:04:56.100Is there not a limit to above ground gold and demand for silver already exceeds its supply?
01:05:02.800So how can they be selling something that isn't even out of the ground yet?
01:05:08.520How is there a guarantee that what they've purchased could actually be delivered, even if they wanted it?
01:05:17.520Well, that's what you're buying when you buy a gold stock, typically is gold still in the ground from, say, a mining company.
01:05:24.160The physical gold moving to India and moving to Russia from London and Switzerland, that is, you know, generally kilo-sized bars or 100-ounce weights of pure LBMA-approved gold.
01:05:37.680That's above ground, and the way you get it is by paying more, and that's what we're seeing.
01:05:42.380We're seeing a new all-time high in the gold price every day as these countries, they've got limitless amounts of fiat currency.
01:05:52.020Maybe not limitless, but they've got a lot of U.S. dollars they'd rather not have, and that's driving the gold price.
01:05:57.260But we're still a tremendously long ways from where we're going.
01:06:03.680This is, like I showed that one stat, most Canadians can't spell gold, you know?
01:06:11.080And most Canadians aren't strong enough, just like with the vaccines, to say no, to stand up to the tyrants in the bank and say, I want to take control of my own finances, and I don't want to hold your debt in my bank account anymore.
01:06:44.140I mean, we have been conditioned, but through tradition almost, to think that we could trust the banks and our investments and everything was going hunky-dory until, thank goodness, COVID hit.
01:06:54.120We can be thankful in that way because it's woken a lot of people up to what it is the government is doing, how closely they are aligned to the U.N.
01:07:01.920to create this global government and to do this extreme wealth transfer, and it's obvious.
01:07:10.180And so when the Bank of Canada was formed through, was it Pierre Elliott Trudeau, that's when interest started to be administered as well, and that's where Canadians started to go into debt.
01:07:22.280And the government, I mean, we've got to collapse this whole system.
01:07:25.200The whole Bank of Canada and the global banking system needs to go.
01:07:32.780It's definitely not on behalf of people, and we shouldn't be charged interest for loans.
01:07:38.480And I won't go down that rabbit hole, but according to the Coronation Oath, which is what Canada should be governed by, it's based on biblical principles, and it's very clear in the Bible that we shouldn't be charging interest.
01:07:52.900And so anyways, Steve, let me go through a couple more questions, and then we should wrap this up.
01:07:59.560It said, I haven't read this one yet, but it says, what if all RRSPs are in mutual funds?
01:08:04.920If fiat currency dies, do we lose all value in mutual funds?
01:08:08.840Also, what about gold or silver mutual funds?
01:08:14.500Well, yeah, when the dollar collapses completely, everything denominated in dollars, obviously, is going to collapse.
01:08:26.880I mean, I remember during the 2012 financial crises that London Life got into trouble with their real estate fund.
01:08:36.920They had a mutual fund that holds a bunch of strip malls and a bunch of apartment buildings inside the fund.
01:08:41.040And a lot of seniors, especially, I think I read they had 65,000 customers across Canada, were drawing an income from this fund, paying 9%, 10%.
01:08:49.800Well, they had to tell all these investors, sorry, Mrs. Jones, we can't send a check to you this month because, you know, that strip mall we bought in Saskatoon or that apartment building in Ottawa, we can't sell them.
01:09:03.360So, for six to eight months, nobody was supposed to get a dividend from that London Life Fund.
01:09:11.860But in this scenario, you know, and all I say, remind, try to remind people is ask the Argentinians, ask the Venezuelans, ask anyone who lived through Poland in the 70s or Hungary in the 50s, or even Russia, Ukraine in the 90s.
01:09:26.780What happens to their investments when the hyperinflation takes hold, what the Austrians call the crack-up boom phase sets in?
01:09:39.720You know, that's where your bullets and your beans and your bullion and your beer and other whiskey cases of whiskey, cigarettes, you might be right, are going to be left standing.
01:09:50.580But the other part two of that question, I can't remember, Tanya.
01:09:57.900I think that, yeah, I think that what we'll do is, because I'm just going through the questions, and a lot of it is, if I have a RIF, if I have RRSPs, how can I transfer that into silver and gold?
01:11:35.820Now, if there was a house listed today because the realtor has been asleep for the last 55 years, listed today for half the price it sold for in 1980,
01:11:47.820would you collapse all or part of your RRSP to buy that house, knowing that it's horribly mispriced and you could flip it tomorrow for the market price?
01:12:02.280You're buying silver at half the price it was in 1980.
01:12:04.900Somehow, it's not 100 times more than the house you bought in 1980 or the car in 1980, maybe not 100, but for sure 20 to 50 times more.
01:12:16.100Silver is the only metal, the only commodity, the only thing in our world that is somehow that mispriced it is half of where it was in 1980.
01:12:23.180So, collapse all or part of your RRSP, buy the house at 1980 prices, half of 1980 prices, that's silver today.
01:12:30.000And we need for this thing to explode because all Ponzi schemes the world's ever known have imploded or failed.
01:12:41.320And the dollar, the dollar-based system is the biggest Ponzi scheme of all time, of all Ponzi's.
01:13:01.640We're going to, in the description, when we upload this interview tomorrow, it will also be in the description how you can contact Stephen.
01:13:12.260And he will help you through the process if you have investments through.
01:13:17.360Does that include, is it different than RIFs or mutual funds or RRSPs?
01:13:21.360Or does it, the process that you just mentioned, does that manage all of those if people want to convert any of that into precious metals?
01:13:46.820But if I own some physical metal myself, you know, and I do, obviously, but if you own some coins and some bars in your own hands now, and you really want to deploy your RRSP funds, I would consider an ETF like the Sprott physical silver or gold ETF.
01:14:05.020They're selling at a discount to spot, believe it or not.
01:14:08.860And you can trade in and out of it like a stock very easily.
01:14:22.680You're just holding a share instrument that represents a vault full of silver in Winnipeg.
01:14:28.940And that's, to me, a better option than owning physical metal inside your RRSP, but only if you don't hold physical metal now.
01:14:39.440Because I believe everybody should own some coins and some small bars, even if it's $100 worth.
01:14:45.000Right. And how do people, some people were also asking if everything, you know, goes south and we have a difficult time purchasing in grocery stores and things like that.
01:14:58.280You had mentioned it's awful hard to bring a gold coin in there.
01:15:08.800I would say you had mentioned about alcohol, cigarettes, and different things like that in order to trade.
01:15:15.000Where do you foresee that going and how people can use these investments in having purchasing power in the future?
01:15:23.860Well, it's a question just about everybody asks that's in the same headspace as we are.
01:15:29.480First of all, I don't think you're ever going to be walking into Petrocan or Safeway with any piece of metal, silver or gold, and ever making a purchase.
01:15:43.080I do believe you're going to be, and people need to try this, they need to offer some of the merchants at the local farmer's market a little silver coin.
01:15:51.420And not just can I pay you in silver, but how big a discount can I get if I choose to pay you in real money, in real silver?
01:16:01.700And you'll find probably 20% to 30% of the average farmer's market will jump at the chance to exchange their stuff for your real money.
01:16:10.040But why do it if there's no benefit to you?
01:16:12.540Why do it if there's not a 10% or 20% or 30% discount for that item?
01:16:16.480Here in Kelowna, I know 10 merchants who would happily discount their products for cash if you're willing to pay in silver.
01:16:24.140And that's a veterinarian and a winery and an excavation contractor and such.
01:16:27.720But the other point I'll make is that we're still capable of using ledgers.
01:16:33.720So if your grocer's open to the idea of silver and all you have is a 10-ounce bar, say something like this, and it's worth $1,000 at the time, you buy your $200 or $500 worth of groceries and leave the rest on account for the next go-round.
01:16:51.540So if you have a bar and a couple of coins, one ounce, and I'm doing this backwards.
01:16:57.840There you are, right in front of you and up.
01:17:19.500I do recommend, you know, as much as you can, hold the old Canadian silver junk.
01:17:24.260The old silver dollars, half dollars, and quarters are going to be, I think, the most easily recognized in the smallest denominations.
01:17:30.760And we sell them at the same premium as a silver maple, if not a little bit cheaper.
01:17:34.300And there you've got a 0.15 of an ounce weight of silver in our old quarter, 0.3 in our old half dollar, and 0.6 in the case of our half dollar.
01:17:50.660Terenzio, can you just share my screen for one moment?
01:17:53.600I just want people to easily be able to find the link.
01:17:56.800We are asking that if you are going to decide to purchase precious metals, that you get in contact with Steve.
01:18:05.180If you go to our homepage, you'll see this image on our homepage.
01:18:09.380If you click on it, it will take you to this page.
01:18:11.300You'll be able to watch the Empower Hour with Steve previously.
01:18:14.480We'll make sure that this Empower Hour information also gets posted on this page.
01:18:20.920And we ask that you share it far and wide with your contacts.
01:18:24.540And when you purchase from Steve, he's also helping to support Action for Canada by providing a small percentage contribution to each sale that is from each sale that's made.
01:18:35.680And Steve is also offering a bonus one ounce pure silver bullet with a $5,000 order and will also offer a silver bullet for anyone who makes a referral that results in a $5,000 order as well.
01:18:51.300And I think that's amazingly generous.
01:18:55.320Our hearts are in this for the right reason.
01:18:57.500We really want Canadians to be on the right side of this if the government continues to move in this direction to destabilize Canada and our fiat currency.
01:19:17.140And I appreciate all of the feedback that you've given as well in answering these questions that are pressing to Canadians who are already very concerned about what the future holds for us.
01:19:28.080But I think that, you know, if we follow our hearts, we get informed, we'll actually be in a very, very good place if all of this does fall apart.
01:19:36.180So, again, thank you so much for being on the show.
01:21:09.740It's so tyrannical what he's going through.
01:21:11.300So be sure at the end of the Empower Hour here that you also go to the description because we are going to provide the link to the weekly news update as well.
01:21:20.540And you're going to want to hear from David.
01:21:22.780Our guest is going to be our good friend, Reverend Majed Al-Sheffi.
01:21:29.320As I mentioned, I'm going to be touring.
01:21:31.520And the first stop is going to be the special event to support Israel and in memory marking the one-year anniversary.
01:21:37.780Majed has been working on a new documentary.
01:21:41.720The content of this documentary is going to be able to be used in the courts.
01:21:46.040We're going to be commencing legal action against the federal government here in Canada for their negligence as far as the immigration is concerned and allowing terrorists to walk our streets.
01:22:41.520Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment.
01:22:53.980Command them to do good, to be rich in good deeds, and to be generous and willing to share.
01:22:58.860In this way, they will lay up treasures for themselves as a firm foundation for the coming age so that they may take hold of the life that is truly life.
01:23:13.680And then I'm going to finish up here with 1 Timothy 6, 6-10.
01:23:18.480Now godliness with contentment is great gain, for we brought nothing into this world, and it's certain we can carry nothing out.
01:23:26.580And having food and clothing, with these we shall be content.
01:23:30.220But those who desire to be rich fall into temptation and a snare, and into many foolish and unharmful lusts which drown men in destruction and perdition.
01:23:41.400For the love of money is a root of all kinds of evil, for which some have strayed from the faith in their greediness and pierced themselves through with many sorrows.
01:23:52.640And so we'll just stop sharing screen there.
01:23:55.120And I just, you know, when I think about this, where as Christians, I have so much faith in God that if I honor Him and I'm uncompromising to Him, He has always met my needs.
01:24:07.160And He's my Heavenly Father, He's my provider, but you know, it doesn't mean that people will just say, well, I'm a good person.
01:24:15.060It's not just about being a good person, it's about being committed to God and committed to living a righteous life.
01:24:22.080None of us are perfect, I'm not perfect, people that know me know my flaws, but I try my best to be uncompromising in the decisions that I make and live by biblical standards.
01:24:31.680And you can see that Canada has fallen because we moved away from biblical standards and we elected ungodly people into office.
01:24:39.740And those ungodly people don't live by the scriptures.
01:24:43.440And as the scripture said, you should be generous and loving and, you know, with the money that you have and the government shouldn't be charging interest, but we don't have godly leaders in.
01:24:53.120And so that's why I keep reminding you, choose this day whom you're going to serve.
01:24:57.020Who are you going to have in as leadership?
01:25:00.300It is right for Christians to be involved in politics.
01:25:04.840In the Old Testament, it talked about God commanding that Israel have the 12 tribes of Israel and to appoint, what?