Rebel News Podcast - Canada's economy is cracking (is gold the escape hatch？)

00:00:00.000 you cannot hold it you don't own it central banks have been buying gold like crazy value

00:00:08.400 your wealth in ounces versus depreciating currencies welcome to the real money show

00:00:17.380 my name is jeremy wiseman i'm joined here by jerry karaya right now the price of silver

00:00:22.180 has dropped below $70 an ounce. Gold is trading near the $4,000 handle. And you would think that

00:00:30.780 that's it for the bull market and precious metals. But today, Jerry, we've got three stories to

00:00:36.100 discuss that tell a completely different tale. One is politically based. What do you do when

00:00:40.980 there's political chaos? Another is the industrial demand side in the precious metal sector.

00:00:46.440 And lastly, we want to talk a little bit of Fed talk. Hopefully our eyes won't glaze over. I think

00:00:51.840 this time we will be able to to tell a good uh good story on what's happening with the federal

00:00:57.540 reserve so let's uh let's jump in but first how are you doing how was the the last couple weeks

00:01:02.460 for you last couple weeks well first of all i'm doing very well it's been very exciting to filter

00:01:07.680 through all of noise and headlines and that's exactly what i've been doing is filtering through

00:01:12.120 this is what we try to do here at guild hall and with the real money show focus on you know the

00:01:17.720 bigger picture of the macro story which always has to come down to for me at least is the currency

00:01:22.760 story debauching of the currency no nothing is new under the sun with regards to these type this type

00:01:29.540 of loose keynesian monetary policies of of just stimulus kicking the can down the road and now

00:01:38.500 we're trying to realize where did all that money go so it's a fun it's a fun thing of connecting

00:01:43.460 the dots and i gotta tell you the fundamentals for precious metals keep me tuned in because those

00:01:49.860 fundamentals the common four that we have been discussing like a broken record for the past

00:01:55.300 since 2008 with the real money show and guild halls going on to its 25th year so congratulations to you

00:02:00.660 and the family and to us um you know we're here to help people under understand and why it's necessary

00:02:06.900 to convert out of fiat currency but the fundamentals remain currency debate debasement which caught

00:02:12.340 which is which is inflationary supply and demand concerns and economics 101 and then plus you have

00:02:19.860 the geopolitical uh changes in landscaping and de-dollarization but these four fundamentals

00:02:25.940 we've added a few more fundamentals and it's causing a lot of excitement this is no this is

00:02:32.420 not just any pullback in metal this is a launch a setup for the next uh bull run that is ahead of

00:02:39.060 bus it's right around the corner guys i think just to stay on on the the the current action in the

00:02:44.660 precious metals i often get counterintuitively excited about them because every time i've seen

00:02:50.820 them happen in the past it's what's usually been followed by uh followed up with is that the market

00:02:56.920 takes off pretty quick uh you get this kind of like last little bit of a washout although this

00:03:01.940 feels like a retest we had some really great gains through october november december and january

00:03:09.000 and we saw some all all-time highs in January so you know it's it it it makes sense to consolidate

00:03:15.520 but that said I remember 2008 um uh sorry yeah 2008 we had a big washout in the metals and then

00:03:24.040 within within that time it was within three years it took from October 2008 and then all of a sudden

00:03:30.600 uh 2010 it was really running right right it was a long consolidation 2020 market went from

00:03:38.100 silver went from 18 down to 11 that was a crazy washout and what's interesting about those by

00:03:43.860 the way is there's this zone where premiums are key within a certain dollar range if it goes too

00:03:52.820 far below on silver premiums go up so you're not getting a deal anymore and if it goes too high

00:03:59.080 premiums go up again because this is all supply demand based yeah but 2020 the market went from

00:04:06.360 18 down to 11 and then by august and that was march yeah and by august we hit 30 silver right

00:04:12.960 so we had doubled in value in silver so um and and there's been other examples along the way those

00:04:18.780 are two big ones that i've yeah i've experienced and i just i get a little excited because i know

00:04:24.340 okay this is going to be a washout so let's move on to some of these stories to show why we think

00:04:30.740 This is far from over and actually an exciting time to buy on the dip, get into the market for the first time if you haven't done so.

00:04:39.320 So this week, Doug Ford was on an American news network talking about Fortress North America.

00:04:47.360 I don't know if you caught the clip.

00:04:49.480 Personally, full disclosure, I didn't watch it.

00:04:53.440 I saw that he was there.

00:04:54.760 I saw what he discussed.

00:04:56.180 I saw the quotes.

00:04:58.160 And my first reaction…

00:04:59.660 it have to do with beer or alcohol no it's pretty much everything talks no but i did make some

00:05:04.900 comments on x about that okay you know i i don't think the majority of winemakers in california

00:05:10.180 are republican right that's that's number one so i don't know who you're hurting on that one

00:05:15.620 right and i'm and i'm pretty sure all bourbon drinkers are not republicans either i'm pretty

00:05:21.240 sure that it's um one of these things that is on both sides so um no but i was i was looking at

00:05:30.160 that and i was thinking you know when when your opponents are using your own premise

00:05:36.720 they're they've lost right when they're basically in this case what conservatives have been talking

00:05:44.320 about is let's work together how can we help you be a big success yes right you want to build your

00:05:51.740 industry how can we help you what can we what do you need right what can we like do you need water

00:05:56.540 we got water you need lumber we got lumber you need gold we got gold like what potash what do

00:06:01.400 you need let's all go together so but the thing is is ultimately the fact that they're using these

00:06:08.280 lines but there's actually nothing behind them they're still not negotiating no right they can

00:06:13.180 They still haven't gotten to the table.

00:06:15.160 They're still holding retaliatory, holding back the alcohol, as you mentioned.

00:06:20.980 It's not actually doing anything.

00:06:22.700 It's just talk.

00:06:23.860 But the Overton window is moving.

00:06:26.240 They are now moving towards what the conservatives are saying.

00:06:29.460 And by the way, I told my sister this the other day, Jerry, and we're going to get to the gold and why this is important.

00:06:35.660 It all leads to gold.

00:06:36.480 But I said, I'm actually like, I'm not some crazed leftist or crazed right wing, whatever.

00:06:42.480 I said, I'm actually like a liberal from 1995, which was just kind of like extremist for today, which is now a right wing, crazy, whatever it is. But look, the thing is, is that they they backed off on retaliatory tariffs. They haven't made a deal. And whether or not they're they're either not good at negotiating or at or the worst case, they're trying to engineer another crisis.

00:07:12.480 that they can blame so that they can lead towards another vote and say it's all his fault it's all

00:07:18.440 it's all trump's fault that we couldn't get a deal done right like are they trying to engineer

00:07:22.680 another crisis but either way the fact is is that they're not trying to make deals and it's only

00:07:29.000 getting worse for for canadians they've either made it worse by shooting us in the shooting us

00:07:34.400 in the foot with retaliatory tariffs or they're subsidizing using our money to subsidize and

00:07:40.540 And what's happening? Well, these companies are either folding or they're going to the U.S. anyway.

00:07:45.880 And so you're stuck with policies that you can't affect.

00:07:51.240 This is why you need to hold physical gold and silver.

00:07:54.440 This is where it comes in.

00:07:55.060 There's no counterparty risk. You are outside the system. It's undigitized.

00:08:00.960 They can't touch it.

00:08:02.380 And ultimately, these are bad policies that lead to, lo and behold, the dollars tanking in Canada. And what's the number one thing that gold and silver do is hedge against a devaluing currency. So as a Canadian, I think it's just very important to hold actual real money, physical gold and silver to hedge against bad policy.

00:08:27.220 It's insanity.

00:08:27.820 And the fact that you can't affect those policies either.

00:08:31.520 It's an absolute insanity. When we are the only G7 nation now in a recession, the only G7 nation who has not been able to come to the table to discuss these tariffs, retaliatory tariffs, because all of the roads lead to the discussion of fentanyl, unfortunately, here in Canada, and why this has not been dealt with from the grassroots all the way to the top.

00:08:58.640 The money is being followed and tracked. But people are looking for an escape hatch because they cannot change the policies. They can't do anything to change the income tax or the corporate taxes here in Canada. So they're leaving, unfortunately.

00:09:17.180 the industrious and over the last three years our industrious clients our entrepreneurs have

00:09:22.760 decided to leave rightfully so you have that right to do so but as investors if we if our

00:09:28.200 fight is here in canada which we are my you know and we're going to be here we are in canada but

00:09:34.220 the main idea would be to follow what countries have done with their money over the last few

00:09:39.700 years it was years of sanctions why have we seen central banks replacing u.s treasuries

00:09:44.960 This comes from a report from the European Central Bank last week that gold, physical gold ownership has replaced U.S. Treasuries as the number one reserve asset, amounting to up to 36,000 tons, which is the amount that was in the reserves under Bretton Woods.

00:10:04.260 We're all leading there. But this is the main idea. When you have countries experiencing sanctions, we have we have been had accounts frozen. Money is just digital. The reason why countries need these reserves is because it provides that hedge, that escape hatch, escape out of fiat currencies, out of digital banking systems.

00:10:26.220 Or bad policy.

00:10:27.260 Or bad policy.

00:10:28.420 So when we see gold and silver moving down, it is very important to know it's not physical.

00:10:34.300 When you see the statistics that gold year over year is being acquired and accumulated en masse from India, China, Poland.

00:10:43.880 Georgia in May bought $100 million worth.

00:10:47.760 In the U.S.

00:10:48.660 Was that the country, Georgia?

00:10:49.540 The country, Georgia.

00:10:50.460 Gotcha.

00:10:50.700 And China accumulated, again, in May, a massive amount.

00:10:56.120 So let's move on to the next topic.

00:10:59.700 So the next topic we wanted to discuss today is bringing in more of the industrial side.

00:11:04.260 So you see silver coming down, but does that mean demand for silver has disappeared?

00:11:09.360 Absolutely not.

00:11:10.400 Here's one example of a story I wanted to discuss, which is U.S. energy.

00:11:15.380 one of they right now have a hundred gigawatts of power through nuclear and they want to bring

00:11:22.760 it up to 400 gigawatts of nuclear so if you're going to run your ai data centers and anything

00:11:28.660 else that comes beyond that as you know we're they're just getting started maybe in terms of

00:11:33.120 manufacturing another manhattan project maybe i don't i hope not um but they want to they want

00:11:40.380 to increase that. Of course, if you're going to build a major nuclear facility, there's 56,000

00:11:47.340 ounces of silver that's going to be used in that, which is close to two tons that gets locked up

00:11:53.060 in that facility forever, right? Maybe not completely forever, but for a very, very long

00:11:58.920 time. And while that doesn't necessarily compete with the type of industry use that might be going

00:12:06.300 into electric cars or the electric batteries themselves it's just one example of a growth

00:12:14.060 industry for silver and that's just in the united states what if germany decides that they want to

00:12:21.020 go back to nuclear right what if what if the iran situation is resolved iran is in control

00:12:30.460 by its people and they decide that they want nuclear facilities for energy and they say

00:12:36.820 america we're happy to open our borders you help build it i'm sure america would love that

00:12:42.480 and but how many ounces of silver would be used around the world to create nuclear energy

00:12:47.660 safe nuclear energy and there's micro there's i don't are they called micro sites smaller sites

00:12:53.380 right right so this is just one example of where silver is going to be used it's going to be locked

00:12:57.980 up for a very long time and it's another one of those growth industries absolutely absolutely

00:13:04.140 it's a lot of things going on surrounding energy and a decoupling away from just oil and the petrodollar

00:13:11.120 it's linked when you have the collateral of petro being removed or the dependency on just

00:13:18.520 petro if you can create other forms and use actually use proven forms of energy and diversify

00:13:26.420 away from just oil you reduce your dependency you naturally reduce inflation on oil the central

00:13:32.920 bank will be freed from fighting inflation and they can go ahead and get back to what they do

00:13:37.780 best and kick the can down or in print which is what they have to do but remember the deal that

00:13:42.500 was done last year in december with japan when they signed the 500 billion dollar nuclear deal

00:13:48.780 with the u.s they were investing in nuclear so the trends are already moving very fast very rapidly

00:13:55.740 and it does have to do with energy and national security at national security because if you're

00:14:03.000 going to build these things where are you going to get the silver from where are you going to get

00:14:06.400 that's where they put silver on the critical mineral list now you've got a now you have to

00:14:11.820 secure a line of of product coming into the country but you also have to secure the refining

00:14:20.080 capacity which is also quite small in the united states there's backups i mean i've heard that

00:14:25.240 people are still waiting for product that they bought in in january which is terrible that is

00:14:30.140 not any of our clients by the way uh they did not wait but some competitors they waited

00:14:35.660 and but you need that physical product and you need the refining capacity which they're also

00:14:41.540 building and i could only imagine how much silver goes into the into building of a refinery itself

00:14:47.520 right right and the technology that goes into that goes into that you need silver so silver

00:14:52.160 silver to refine silver and then and then as well maybe just maybe that's just the tip of the

00:14:58.360 iceberg because they've also put forth the silver act and if the silver act is something that even

00:15:04.340 gets close to being put through and i think besant said that they can work towards it even though

00:15:10.900 it's not been passed it's just been put forth but what the silver act is about is putting

00:15:17.120 exchanges in every time zone across America. And that would also mean having refining capacity

00:15:24.040 across all those time zones. So you could start to see this industry could be breaking out in a

00:15:30.620 big, big way. So it's not just nuclear, but also all the different industries that it could be

00:15:36.280 involved in. And if you're the type of person that, you know, invests in the picks and axes

00:15:42.320 and shovels of it all this is a great place to consider having physical silver because you know

00:15:48.840 it's going to be used monetary uh industrially not to mention what happens when gold goes to

00:15:53.680 8 000 correct how much more appealing silver becomes at 150 200 an ounce because gold's

00:16:00.000 trading at 8 000 see when you buy physical you're buying the the sure bet you know it's tough to

00:16:05.580 pick the right winner which is the right one gold and silver when you buy physical you're not dealing

00:16:10.820 with an etf or one of these etps or futures or options on futures things that we don't do these

00:16:17.880 are just financials and this is a movement away from financials which have through the central

00:16:22.800 banking system created fractional reserve banking there's always a fraction of your collateral in

00:16:28.220 the bank that is left over and they use the entire your entire balance sheet to finance things and

00:16:34.240 this is the way the system has been built against us savers so when you're buying the physical you're

00:16:39.980 not only diversifying away but you're now making your portfolio if it is for your portfolio

00:16:46.300 investing but you're now creating a relevant reserve because gold and silver are going to be

00:16:53.160 introduced very quickly and speedily acts these clarity acts genius acts silver act project

00:17:00.620 forge being globalized with the bis this is all going to happen very quickly and this is

00:17:07.220 the meshing of technology with resources with the treasury all culminating together and this has to

00:17:15.020 happen because the again if we go back to monetary policy and to grow these things there's no on

00:17:22.260 switch for silver supply there's six years structural deficits out of silver there's not

00:17:28.180 enough silver in supply to quell the demand we need more and more silver for ai and chat gpt

00:17:34.080 And the forecast is, right now, there's a deficit of about 820 million ounces of silver deficit since 2021. By 2030, it could be $1.5 billion in deficit.

00:17:50.020 Is it possible then a lot of these type of engineered pullbacks or, you know, whether it's margin calls or it's engineered, however you want to, you know, it's a guessing game right now why the prices come down.

00:18:03.880 Is it that people need liquidity? Is it that there's margin calls? Is it that, you know, they're taking profits and it kind of just becomes a self-fulfilling prophecy on the way down?

00:18:14.440 But does it help industry or those that need to supply industry with trying to get people to cough up the metal as well? Is that part of it?

00:18:25.420 Well, I don't think many people or entities, because silver is a critical mineral and a national security issue, that they're allowed to sell the physical silver.

00:18:36.820 It's a national security mineral that it needs to be accumulated and acquired at any cost at all times, just like lithium.

00:18:43.980 Would they do at all costs, meaning let's get it off of retail?

00:18:50.280 If you purchase your physical on margin, then you would be open to those margin call risks.

00:18:55.920 And this is why the yields are spiking.

00:18:58.360 It is costing more.

00:18:59.660 It's when the yields are spiking, that's flashing zero liquidity.

00:19:02.900 Okay, hold on.

00:19:03.300 We'll get to the yields.

00:19:04.140 We'll get to the yields.

00:19:05.320 First, but first, let's talk about what we do at Guildhall Wealth, which is we help clients to hold physical metals strategically.

00:19:13.980 We definitely believe in crawl, walk, run.

00:19:16.900 If you've never acquired physical gold and silver, one of the best ways to do it is to just start small, get that one ounce of gold in your pocket, see what it's like to acquire it for the first time.

00:19:28.100 We often find that a big part of the paradigm shift is that clients go from the concept of investing to asset ownership.

00:19:37.080 And asset ownership has different types of costs involved.

00:19:39.540 When you think about real estate, you think about land transfer, paying the agent, the lawyer fees, and then there's ongoing costs. There's a lot less ongoing costs with precious metals, but it's asset ownership.

00:19:53.540 And as well, when you think about investing, there's your, you know, 10, 11 sectors, owning an asset is outside of that, right? You know, even if real estate is one of those sectors, gold is the hedge against it all. It's the insurance policy.

00:20:10.380 So at Guildhall, we help people to own it strategically. Maybe you've moved beyond holding some silver maples and some one ounce bars of gold, but you're thinking, okay, so should I have it in my TFSA or my lira account? What's the best way to go about it? And we talk with our clients, we figure out what they're going to need it for, what their timelines are, and help them to guide them to the best strategy of holding precious metals.

00:20:35.780 You know, some people will say, hey, I want to do all gold. And we might discuss it and say, yeah, you know, have you considered a little bit? Or sometimes they come in and they say, I want all silver. And you say, listen, it's a million dollars. You might want to have focus on the gold, which is less volatile, as an example, easier to store, those sorts of things. So we really help people strategically in the market. So give us a call and we can have a discussion and see what might be the best route for you.

00:21:03.760 let's talk about uh the yields jerry um so this is a story about what can trigger the market

00:21:12.000 for gold to go much much higher yeah right now the story is basically the fed is gonna hold rates

00:21:18.260 for longer that is the story okay is that is that story well-founded no i mean they will

00:21:26.400 we're talking about the federal reserve their two job their two mandates is to keep inflation

00:21:31.360 down and employment up and they've done a horrible job of doing this to the point where credit for

00:21:37.440 the for the recent jobs report i don't even know maybe i mean it could probably did they do anything

00:21:42.440 to create those jobs i would say it's more of the commerce department and department of the treasury

00:21:46.040 and lowering taxes ultimately and it's in you know inspiring uh creativity but what we're seeing

00:21:52.000 with the bond yields they're seeing that that issue once again it's flaring up the bond yields

00:21:57.440 indicate that, number one, there is no liquidity in the market. Number two, it costs to service

00:22:04.780 the debt. And we know the US is around $39 trillion, not to mention consumer debt,

00:22:10.240 corporate debt. Every entity from the top down feels that stress. So when you see

00:22:15.920 the bond yields flashing like they did in 2008, it's a big warning signal. And this indicates

00:22:22.240 that the rates are too high why are they high the fed is trapped they're keeping it high to posture

00:22:28.080 and to um they're keeping rates high keeping the rates higher for longer to fight this inflation

00:22:34.120 that they have they ever won a round in this fight they've always been beat and beat up beat up and

00:22:40.080 battered what have they done throughout the decades when it push comes to shove when the fed

00:22:46.160 is trapped and they are totally trapped between keep trying to look like they're fighting inflation

00:22:50.580 by keeping rates higher but it's hurting everything else we've seen margin calls over the last five

00:22:55.560 five you know five months we've even seen gold and silver margin private capital you know private

00:23:01.480 capital not being able to take deliveries or withdraw money and redeem your own money out of

00:23:08.000 an institution a matter imagine that this is the issue with fractional reserve systems but

00:23:13.020 what this means is when the fed has to decide whether it's to fight inflation or to control

00:23:20.800 the system and orderly you know orderly uh you know i guess a dismantling of of the problem

00:23:29.640 they will cut rates they will say forget inflation we need to cut rates we need to

00:23:34.520 stimulus but this is more and more of the same thing kicking the can down the road currency

00:23:39.620 debauchery but to offset we're also seeing the offsets defending against what david hunter said

00:23:46.820 in order to fund the unfunded liabilities and losses on these banks balance sheets because

00:23:51.720 there's a statistic that came out the u.s right now is spending 43 percent of all its personal

00:23:57.260 in corporate income taxes everything that it's bringing in 40 of that is going towards paying

00:24:02.400 the interest on all of the debt you're not growing so you need interest rates to come down to

00:24:07.560 renegotiate all the debts and lower those payments, which would help you down the road.

00:24:16.720 Right. Which Canadians won't see. We have the five-year mortgages. The US has the 30 to 50

00:24:21.620 year mortgages, but it's all about handling it and sustaining the credibility of the US dollar.

00:24:28.800 The US dollar will weaken. People will begin to distrust the dollar more, but there are things

00:24:34.500 that are moving in the right direction which keeps us very optimistic when we look about the these

00:24:39.320 acts that were passed the clarity act genius act if we look at the european central bank report

00:24:44.320 recently the number one buyer of gold on the list outpass surpassing india uh china poland

00:24:54.460 the number one entity was tether tether the very crypto company that was that the u.s treasury

00:25:02.040 department was very interested in it with the genius act making sure things are one-to-one

00:25:06.920 not a fraction we're going back to one-to-one and then this is going towards why we're very excited

00:25:12.760 it sounds it sounds to me that that the federal reserve or the u.s with the federal reserve needs

00:25:19.960 to take a step back to take a step forward that fighting inflation isn't going to help you if

00:25:27.000 Everything is being sacrificed like growth.

00:25:30.360 Correct.

00:25:30.520 You need to let inflation run a little bit.

00:25:33.640 You need to lock in lower rates for these loans, et cetera, the debt.

00:25:39.400 And then figure out how you're going to bring back validity or respect back to the dollar because everyone's flooding to gold, which has become a massive reserve asset because people are saying, well, first of all, it's backed by nothing.

00:25:54.280 There's no trust.

00:25:55.040 Are you going to weaponize it?

00:25:56.240 you know all of these things so uh neutral you know pick you know pick the item off the menu

00:26:01.940 um but ultimately if they lower the rates this i think this is where you were getting yes if you

00:26:10.200 lower the rates the the obvious reaction to that is inflation and when you lower the rates gold is

00:26:18.380 going to take off it's the currency debasement the last this is it this is the key takeaway for why

00:26:23.520 precious metals are going to spike and this is the reason why my call in the very short period

00:26:29.980 of time short term three six months i'm calling 260 270 us dollars per ounce that's in my opinion

00:26:38.320 pretty uh conservative just factoring in just monetary policy for the last three rate cut

00:26:45.700 cycles in the US going back 25 years, silver has averaged 413% right after the rate cut cycle. It

00:26:55.720 happens immediately, especially this time around. If it's an emergency rate cut, I expect an

00:27:00.940 explosion in this market because gold and silver simply are just inversely correlated to the US

00:27:06.600 dollar. And if you're cutting rates, if you're cutting interest, you're cutting interest on the

00:27:11.540 us dollar do you do you think though that part of sort of a golden parachute because i i'm thinking

00:27:18.840 it too you say oh you're going to drop rates it means you're going to like let inflation run it

00:27:22.760 means you're going to let the dollar completely tank but there is a golden parachute there which

00:27:27.040 is you could do something to mitigate it by saying yeah you know but we're also going to launch this

00:27:33.240 gold-backed treasury at the same time and bring validity back to the dollar maybe not going back

00:27:40.100 to a standard a gold standard proper but trying to tie some sort of connection back to it which

00:27:45.600 would definitely mitigate this idea of uh you're going to lower rates and then the dollar is going

00:27:50.440 to fall forever either scenario gold wins i think either way gold wins but this is not just your

00:27:56.960 regular uh kicking the can down the road scenario that we've seen over and over again it thought

00:28:01.480 it's a different playbook it's it's involving gold petrodollar is being decoupled we're moving

00:28:07.360 in a different direction on the 250th quinn you know quincentennial of the united states

00:28:14.140 independence of you know from 1776 this is all in line with the book good as gold by judy shelton

00:28:22.960 you know she's back into the fray she was on a squawk box two weeks ago and this is where the

00:28:30.400 roads lead all roads lead to supporting the u.s dollar it's not about just u.s dollar strength

00:28:36.420 and keeping the U.S. dollar, world's reserve currency.

00:28:39.940 It's about fairness, mercantilism, and credibility in the U.S. dollar.

00:28:43.520 It also seems like lowering interest rates, if that were to happen,

00:28:48.240 whether it's an emergency or they plan it,

00:28:50.580 that it would be a way for gold to rocket higher under that type of narrative.

00:28:56.240 But what you're actually really doing is just revaluing it.

00:28:59.040 That's in essence.

00:28:59.480 You're letting it revalue because in those moments,

00:29:02.340 gold tends to really play catch up.

00:29:04.000 and silver could play some crazy catch up.

00:29:06.920 And a lot of major banks are forecasting for these things

00:29:10.640 and a lot of analysts are forecasting these things.

00:29:12.720 You know, you've got, is it Bank of America

00:29:15.140 that's still calling for like 6,000 this year

00:29:17.340 and potentially $300 silver.

00:29:20.120 You've got Michael Oliver calling for $200 to $300.

00:29:23.240 Matthew Pippenberg from Matterhorn Asset Management

00:29:25.960 calling for up to $300 in this bull run.

00:29:29.240 I don't know if that's going to happen this year.

00:29:30.780 I don't fully agree with you there, Jerry.

00:29:32.420 But eventually, it's going to get there. Eventually, we're in triple-digit silver. It becomes a new reality, and we go from there.

00:29:40.340 Succeeding time.

00:29:41.220 Speaking of getting there, we've arrived at the end.

00:29:44.160 If you want to get involved in the physical gold and silver market, please give us a call.

00:29:49.020 We'll walk you through how to hold physical gold and silver direct or in a depository account for ease of liquidity or even as part of your registered account where it's fully allocated, segregated.

00:29:59.280 You have ease of liquidity and you even have access to go and personally audit your holdings because if you can't hold it, you don't own it.

00:30:06.940 You don't own it.

00:30:07.340 Thank you, Jerry.

00:30:08.020 And thank you, everyone, for joining us here on The Real Money Show.

00:30:20.020 Catch The Real Money Show here on Rebel News, Saturdays at 1 p.m.

00:30:24.140 If you've missed an episode, you can also catch The Real Money Show on our YouTube channel at Guildhall Wealth or follow us on Spotify and follow us on Twitter as well.

00:30:33.840 The number again, 1-877-8-SILVER, the website guildhallwealth.com.

00:30:38.480 Learn how to have physical gold and silver in your portfolio and we look forward to speaking with you soon.

Rebel News Podcast - June 13, 2026

Canada's economy is cracking (is gold the escape hatch？)

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