Rebel News Podcast - March 21, 2026


Gold's March MADNESS: The quiet collapse behind today’s markets | SPONSOR


Episode Stats

Length

30 minutes

Words per Minute

169.31718

Word Count

5,114

Sentence Count

412

Misogynist Sentences

1

Hate Speech Sentences

4


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Welcome to The Real Money Show. My name is Jeremy Wiseman. I'm joined by Jerry Kariah.
00:00:04.240 And you know, Jerry, they say that history doesn't repeat, it rhymes. And given what's
00:00:10.040 happening in the markets today, and especially what's going on in the precious metals markets
00:00:14.320 today, I thought, let's talk about where we were in 1980 versus where we are right now, 2026.
00:00:20.660 So in 1980, January 1980, the price of silver was headed up to $50 an ounce. Gold was headed up to
00:00:34.620 $850 an ounce because you had the Iran hostage situation. You had oil issues. And you had
00:00:42.920 inflation in the 70s. And obviously, it ended up with the Iranian regime. We'll talk about where
00:00:52.480 we are. And they raised interest rates to, I think, over 18%, 18% plus. And they got a handle on
00:00:59.980 inflation by, also my understanding is that they increased oil refining capacity, specifically in
00:01:08.100 the Gulf. And so then silver comes back down to $3 for a couple decades. A lot of things happen.
00:01:16.700 And so silver was going up. But today, with everything that's going on, it's going down.
00:01:22.900 So talk to us about why is silver and gold going down right now, when they should be doing the
00:01:28.920 opposite? So we just went through a couple of rate meetings. Bank of Canada held rates. Their hands
00:01:35.280 are tied. US, the same thing. Their hands are tied because rising oil due to war and due to
00:01:42.200 uprising geopolitical issues is inflationary. Therefore, the Federal Reserve and its central
00:01:47.440 banks need to look like they're doing the job because their job is a dual mandate. Remember that
00:01:52.580 they have to maintain the jobs and they have to keep the dollar strong. They're failing at both,
00:01:57.160 but they have to make it look like they're doing. It's a perception. So they cannot cut interest rates
00:02:02.300 just yet, even though everyone is begging for liquidity, begging for lower rates. We need to
00:02:07.700 juice the markets. We need stimulus again, please. But the rates are on hold higher for longer from a
00:02:14.560 trader's perspective, currency trading perspective. Higher rates means higher dollar index and gold and
00:02:20.720 silver are inversely correlated to the US dollar. So all of this, what we're seeing is a weakening in
00:02:26.420 the gold and silver because of an algorithm being traded, that sort of program. Is it archaic? I
00:02:32.360 believe so. But we have to remember that when this happens, gold and silver, physical gold and silver
00:02:39.560 being sold off is not happening. These are the contracts that are being sold off. Physical gold
00:02:44.960 and silver are not being sold, especially silver, since it is a critical mineral. The US has to hoard
00:02:52.580 their critical minerals as much as possible. They need to buy. They're not allowed to sell and dump
00:02:57.540 silver on the market. So we're seeing here, nothing has changed fundamentally with the precious metal
00:03:03.660 space. But what is changing, I think it's behind the scenes and it goes into the geopolitics of oil
00:03:09.260 and what has been given, you know, what has given the US dollar credibility since the 70s when they broke
00:03:16.580 the gold, the suspended the gold standard, they went to that petrodollar. And in order to
00:03:22.260 keep that dollar credible, you need to keep oil going. And how do you keep oil going? You keep
00:03:28.400 it relevant with a lot of wars and endless wars in that region. I think there is a shift away from
00:03:33.700 the petrodollar being the backing or the collateral that backs US dollars. And I think we're going into
00:03:41.760 a gold paradigm shift that is, in my opinion, in many people's opinion, the way to go, Jeremy,
00:03:47.620 the real collateral. Well, there's a lot to unpack there with what you were saying. But
00:03:53.080 at the top, you were saying the reason why gold and silver are going down is because they kept
00:03:59.120 interest rates higher. And that means the dollar's stronger, the impression that you're fighting
00:04:04.440 inflation, so gold and silver are going down. But-
00:04:07.760 We've seen this before.
00:04:08.900 But you kind of implied it as well. That's just a narrative.
00:04:12.440 It's very short term.
00:04:13.440 That's just the top end narrative. That's not what's actually happening.
00:04:16.520 No.
00:04:16.680 What's actually happening is they're selling paper, the physical products still being
00:04:21.160 taken off the exchanges. There's still a deficit in the precious metal in silver. It's still a
00:04:26.980 critical mineral.
00:04:28.680 Actually-
00:04:29.220 Drive it home, man. Drive it home. These are fundamentals that have not changed
00:04:32.540 the overall gold and silver physical market. Those exchanges that Jeremy mentioned are being
00:04:39.920 drained from the COMEX, the LBMA, the Shanghai, in the Shanghai futures, they're all running
00:04:44.780 on fumes, Jeremy.
00:04:45.540 You've had three exchanges halt trading in the last three months or two months, three times.
00:04:53.240 It was LME twice and the CME once. Halting trading.
00:04:57.260 Why?
00:04:57.460 Basically staving off a force majeure.
00:04:59.860 Right.
00:05:00.760 MBA Economics on X said, no, they're manipulating as low as they can into the critical mineral
00:05:10.100 price floor announcement into early April. This would allow the bullion banks to force majeure
00:05:16.780 silver, aka cash settle the naked shorts for as cheap as possible and give them cover to
00:05:22.960 do so. So I believe it's narrative cover.
00:05:25.160 I think that JP Morgan is buying the physical. They're encouraging their clients to buy the
00:05:35.700 physical, the products coming off the exchanges. And I talked to some clients and they ask these
00:05:42.140 questions and I sit back and go, oh, this is so boring. We've been having this conversation
00:05:48.680 with people since the price of silver was $17. Here we are, it's $70 and we're still having this
00:05:56.140 conversation. Only now it's $70 and the fundamentals are even stronger than before as to why the prices
00:06:03.320 are going to go up from here. The biggest one, as MBA Economics just said, is that they're putting a
00:06:09.900 floor under critical minerals. And Jerry, as far as critical minerals go, you have, the US is opening,
00:06:18.700 is creating two refiners for critical minerals. One in Idaho, one in Kentucky. The one in Idaho is $7
00:06:27.460 billion. And I think two or $3 billion of it is being fronted by the Department of Defense.
00:06:35.380 The Department of War. So they want to make sure that they have the physical product to push
00:06:41.460 the re-industrialization of the US and they're supporting it. So I think it's very interesting.
00:06:48.800 And let me give you something to run with, Jerry. Please do.
00:06:52.220 Talk to us about this thing that they're doing in the States about going after fraud.
00:06:59.320 That's huge, Jeremy. There was an executive order just yesterday that aims to stamp out
00:07:06.920 fraud. I mean, this is a wide brush, a wide stroke at...
00:07:12.780 It's about as wide a stroke as hate speech.
00:07:14.880 Almost as hate speech. But before that, remember, it was corruption, the executive order on corruption.
00:07:20.060 And we did see a lot of things happen regarding that. But now it's coming home. How do we stop the
00:07:25.600 fraud? Where's the fraud? We're seeing it in the hospices. We're seeing it in daycare. So that's
00:07:31.500 one level. What about the Federal Reserve? What about the fact that these banks are able to pay
00:07:36.880 their margin calls, real debts, with paper, silver, and gold contracts? That's like me being able to
00:07:42.800 pay my CRA debt, my tax bill, with made-up money, like Canadian tire money, Jeremy. It's made-up
00:07:51.260 currency. Could that be fraud? I mean, this is a big... I'm opening up. We got the tinfoil ad-home.
00:07:57.160 But we follow these trends, and I think it's very important to do so.
00:07:59.520 Well, JP Morton's been busted many times, manipulating silver and other cases. The key here is
00:08:09.180 that we've been here before. We know the drill. If you know that these are fake narratives to push
00:08:15.280 the price down, to get the paper price down, whereas the physical is still being drained,
00:08:20.440 then you have to understand, again, you know the drill. Take advantage of it. And so that's what
00:08:26.180 we've been doing. That's what clients have been doing at Guildhall. And for us, the best way to
00:08:30.420 take advantage of the dip in precious metals is to own actual physical precious metals. It's not
00:08:36.580 investing. It's ownership. And at Guildhall, you can own it directly, buy it direct from Guildhall.
00:08:42.480 Go to our e-store, guildhallpreciousmetals.com. You can have it put into a sub-account at Brinks,
00:08:50.880 fully allocated, fully segregated. You own the product. It's secured for you. Buy and sell easily
00:08:58.580 on a phone call. Take delivery anytime. Go visit the product. If you can't hold it, you don't own it.
00:09:04.380 You don't own it.
00:09:04.760 Same thing with your registered account. You have a retirement account. We've got clients,
00:09:08.840 Jerry, that are up over 400% in precious metals. Silver's up over 800% in the last 20 years.
00:09:16.120 Gold's up over 1,000%. These are Canadian numbers. Gold's up over 1,000% in 20 years. Imagine having
00:09:23.820 that as part of your portfolio, your retirement portfolio, to have anything that's up over 1,000%.
00:09:29.440 So with Guildhall, you can own physical gold and silver in your retirement account, whether it's
00:09:35.660 your RIF, your LIF, your RRSP, your locked-in RRSP, or put it into a TFSA as a place to store
00:09:42.740 liquidity in a market that's insurance against currencies. I think that would be a great segue,
00:09:49.940 Jerry. So you hold gold as an insurance policy for the devaluation of currencies.
00:09:57.340 Yeah.
00:09:57.480 And that's what we're seeing. It's not that gold's gone up 1,000%. It's that the currencies have failed.
00:10:02.760 First and foremost, we have to understand that here in Canada, prior to the CPI being changed to
00:10:09.880 under-report the real rate of inflation, we have to remember the entire decade during the 70s,
00:10:16.460 that rate of inflation was average 8%. And then in 1980, it was recalculated, brought down to substitute
00:10:23.260 items. They took out mortgage payments. They took out gas, food, things that we need to live on
00:10:27.120 to manufacture down to 2%. If we go back to the 70s rate of calculation, we're closer to 12% to 13%.
00:10:33.400 And this is why Michael Oliver this week, if you're taking profits of gold and silver just to
00:10:38.400 take profits to land into cash, you're missing the point. First and foremost, you have to diversify
00:10:43.500 away from these fiat currencies that are controlled by these central bankers and these communist nations
00:10:49.640 that want to control your nation's currency because they do not care who makes the laws. But if you're
00:10:55.500 thinking you're just going to store and wait for the dip while you're sitting in cash, especially
00:10:59.720 five, six, seven figures worth of cash, that's 13% that you're down. Okay, 8% that you're down
00:11:05.780 versus every single major currency. Gold has appreciated about 10% versus every single major
00:11:13.180 currency. So that should be the hedge. But then we move into growth catalysts and we move into the
00:11:19.160 solutions that gold and silver offer, especially right now where we're seeing a tantrum on the
00:11:25.640 market with over leverage, over froth, over stimulus, where the cost to service the debt is
00:11:33.360 unsustainable to a point where they're begging for more cuts, they're begging for more money.
00:11:40.000 How do we get out of this situation, Jeremy?
00:11:41.840 Well, talk to us a little bit about, you mentioned to us, mentioned in our office that
00:11:47.700 the Fed printed billions of, was handing out billions of dollars while they kept the rates
00:11:53.680 the same. Why is it that they're keeping the rates high, but then bailing out the market by
00:11:58.760 giving a whole bunch of liquidity? And I know that there's a whole bunch of funds that have
00:12:03.740 stopped redemptions. And there's been billions of dollars where people are trying to take funds out
00:12:10.000 and the major banks and certain of these funds are stopping that. So you have the Fed
00:12:14.400 injecting liquidity, but saying they're keeping rates high.
00:12:18.840 We have to remember that these large institutions are holding the majority of excess reserves. Some
00:12:23.200 of the reserves are ours. They're using your money since it is a fractional reserve system. That
00:12:27.840 fraction is yours. They hold your money as their collateral. Remember that large institutions,
00:12:33.600 and this is coming from a report this week, we brought up two on The Real Money Show, the first one
00:12:38.120 written by Vince Lancey, gold's flight path from here. He talks about the third, the three phases
00:12:43.240 of gold. This is just the beginning for gold. And the second report comes to ANZ report, the ANZ
00:12:49.560 research rather. But he writes about the Federal Reserve. Back in 2025, last year, the Federal Reserve
00:12:55.240 announced reserve management purchases to maintain liquidity. The key word for the next two years,
00:13:00.780 Jeremy, as I said before, is going to be collateral. What is collateral? Is paper backing
00:13:05.820 the U.S. Treasury good collateral? Historically, Voltaire has said,
00:13:12.300 fiat currencies intrinsically go back to their value of zero. The reserve balances have declined
00:13:18.220 to ample levels, they said. In the language of central banking, ample often means reserves
00:13:24.060 are approaching scarcity. We think of the repo markets and the overnight market. It's showing that
00:13:29.420 there is no money out there. There is no lending. And the next gold and silver phases, it enters into
00:13:36.300 that place where gold becomes that mechanism, not just a commodity like silver that they are,
00:13:42.860 but they're entering into a monetary, being re-monetized. And so many entities recently,
00:13:47.980 Jeremy, are bringing up the same type of conversation of, you know, what did the U.S. have back then on the
00:13:54.140 balance sheet? You know, we had the Kobesi letter wrote last week just reminding Canadians and Americans
00:14:00.300 that the U.S. gold reserves have never been this small relative to the government debt. Gold reserves
00:14:05.900 in the states, 8,000 tons represents just three percent of the overall federal debt. Now, if we have
00:14:12.300 to move that, now the general ratio has always been around 18 to 20 percent. Gold had to represent 18 to 20
00:14:19.100 percent of all that debt. Today, it's three. How do we get back to the 18 to 20 percent level?
00:14:25.180 Everyone's talking about the revaluation of this collateral. You need to unsuspend the gold standard,
00:14:30.700 get the collateral to really back the treasury yield, the treasury market. And I think this is
00:14:36.860 very timely, knowing that this is a 250-year anniversary of the Declaration of Independence. There's
00:14:42.220 a lot of movement and chatter about returning to a gold standard. It's beyond speculation. Go check
00:14:48.220 it out yourselves at the federalreserve.gov. But I think a revaluation is coming. And just this past
00:14:53.820 week, President Trump mentioned, he confirms that the financial system is undergoing an update behind
00:14:59.980 the scenes. This is huge. And I think, in my opinion, it's a move away from the petrodollar
00:15:05.900 moving towards unsuspending that gold standard, Jeremy. So in this research paper,
00:15:12.780 they're talking about three phases toward gold repricing. And the third and final phase is
00:15:20.700 basically where the gold becomes the collateral and backs the currency. In other words, yes, all
00:15:26.780 currencies drop to zero unless you can save it by having commodity backing, by having gold back the
00:15:33.900 currency, right? That's because then you'd have real money backing the currency. So if you can,
00:15:39.020 Jerry, quickly walk us through these three phases and how the dollar could be saved by
00:15:45.580 precious metals, specifically gold. But before we do that, before you jump into that,
00:15:53.420 this is talking about, these three phases are talking about effectively that we are at the beginning of
00:15:58.460 a bull market. And one of the reasons that you know you're at the beginning of a bull market is
00:16:04.940 because nobody understands what the value of anything is. They don't know what the value of
00:16:10.300 silver is. They don't know what the value of gold is. And when they're trying to figure out the value
00:16:15.260 of it, they're trying to calculate it in a fiat currency that's dying. They're looking at the price
00:16:20.540 of silver. They're looking at the price of gold. They're not looking at the value of it. And I can tell
00:16:24.460 you, even though it's more expensive today, it feels just as undervalued at $70 silver as it did when it
00:16:33.020 was $8 an ounce. And believe me, it was super cheap. And we didn't respect what an opportunity
00:16:41.100 that was, what an opportunity at $15, what an opportunity at $25 to acquire actual physical
00:16:47.980 metal. We didn't appreciate how undervalued it is. But if you can think about that a little bit,
00:16:53.340 you realize how undervalued it is today, not because of the price, but because of what it
00:16:57.660 should buy you. In 1980, to go back to the beginning of the show, gold went to $850. The Dow was trading
00:17:05.420 at $850. That was a one-to-one ratio. Today, it's around 10. In 1999, at the top of the dot-com bubble,
00:17:14.780 it was around 40. In 2011, we hit a four-to-one ratio. The fact is, is gold is still undervalued against
00:17:23.180 the Dow. It's still undervalued when you think about how many ounces it should take to buy a
00:17:27.340 house, how many ounces it should take to buy the S&P, or how many silver ounces it should take to
00:17:33.020 buy an ounce of gold. Once people are starting to calculate the value of these metals as they are
00:17:39.820 the measuring stick, not the other way around, not in fiat terms, then you're starting to enter price
00:17:45.740 discovery. That's right.
00:17:46.780 Because they'll be able to say, well, if I can buy a house for 150 ounces of gold or 200 ounces of gold,
00:17:54.380 then I'm making an economic decision that I don't need to hold this much gold. Right.
00:17:59.740 Right? Well, you have to use these ratios that are time-tested and true that have been around
00:18:03.980 for thousands of years. You always had this ratio. Especially today, you don't have a proper
00:18:08.220 measuring stick or a measuring rod to value what currency is the strongest. They're all moving down
00:18:13.900 comparative to gold. And we're at a reckoning point, Jeremy. Yeah. So let's talk about these
00:18:19.420 three phases toward a gold repricing. Let's bring it all together. So again, this is from the Mikan
00:18:25.340 report, the three phases of gold. And we're currently in the first phase, which is a loss of confidence
00:18:30.860 in the dollar, loss of confidence in the currency. They cited a very important quote,
00:18:36.460 currencies do not usually fade. They tend to just collapse. And when you lose confidence
00:18:44.300 in these currencies, things just stand still. So we think about losing confidence in the US dollar,
00:18:50.700 people may not, the general public may not necessarily realize how much purchasing power
00:18:55.980 they've lost, you know, let's say in Canada. They get a sense of it now because they go see
00:18:59.820 state, a stake has cost 50 bucks. But you have the BRICS nation selling, you had the weaponizing
00:19:08.060 of the dollar. So central banks are saying, why would I hold treasuries? Why won't I own gold?
00:19:14.060 That's right. That's an example, right? Exactly. I think that happened on a small scale
00:19:17.500 here in Canada. When bank accounts were frozen, Canadians were like, well, why should I keep my money
00:19:22.140 here? I'm going to get it into gold and silver. Exactly the same thing. It's sovereignty. It's your
00:19:26.140 control when you lose confidence. And that's exactly what happens. So more and more debt.
00:19:30.700 And as we, as the countries are borrowing from a private entity, a central bank at interest,
00:19:35.980 you need more and more of that debt to service the interest on that debt. It becomes a spiraling
00:19:41.900 issue and ultimately leads to the collapse of the currency. And I think we're on that level right now.
00:19:49.180 The second phase is coming in where the markets are bleeding, or they're asking for cash to be
00:19:56.060 injected into the system. Cash was actually just injected this morning at nine o'clock in the
00:20:01.420 morning. I believe that the billion was just injected. So the higher rates has basically
00:20:05.580 sopped up liquidity, and now there's a liquidity crunch, right? You think about mortgages, for instance,
00:20:11.580 turning over. Now it's four times as much as it used to be. Even bringing it home here.
00:20:17.260 You're saying that the raising of the rates has quickened the liquidity crisis.
00:20:26.060 Yeah. So another dump of currencies just happened in the overnight market. I mean, in the morning,
00:20:31.500 the US Federal Reserve just printed another round of $8 billion. So the printing is happening. However,
00:20:36.700 they kept the rates on hold. Which one is it? Are you loosening? Are you tightening? The Federal
00:20:42.300 Reserve is trapped. All eyes are on the Federal Reserve with this, even the geopolitical plays,
00:20:48.220 moving away from central banks. But even at home, if we look at our household debt to GDP ratio,
00:20:53.740 Canada's amongst the worst, second worst amongst OECD nations. We're seeing that in the big play
00:21:00.220 institutions and countries, and we're seeing it here at home. But we're entering into the third phase,
00:21:05.740 after the rounds of money printing, which could be very inflationary, potentially hyperinflationary.
00:21:10.700 You're saying that's coming next. That's coming next. It's happening on the sly right now.
00:21:15.580 But you think it's going to happen in public view soon? We would likely see that. People are
00:21:20.940 feeling the pinch already. Prices are moving higher. They're not coming down. We can have control with
00:21:26.620 the oil if we can somehow get the oil prices down. If the Middle East issues subside, maybe the prices
00:21:32.860 can slow down. But the ultimate issue is figuring out how much of that debt has to be backed up.
00:21:39.900 Moving into phase number three, bringing in gold's role. Gold acts as that balance sheet
00:21:46.220 repair mechanism. When the balance sheet is out of whack, when you have trillions plus quadrillions
00:21:51.420 of toxic derivatives still sitting in the banking sheet, that has to be reckoned with.
00:21:55.100 Now, I think the fraud thing will probably impound and scale some of that debt down. But a lot of that
00:22:00.780 debt has to be backed up. And historically, 30% to 50% of the reserves were gold, according to this
00:22:07.100 research paper. Implied gold price range, according to Mamerican, is estimated $8,000 to $13,000 US per
00:22:14.780 ounce. Their bottom line is this is a monetary transition. Not a typical bull market, as we've
00:22:21.420 seen before, of gold moving higher and then lower. Gold needs to move higher as the system's
00:22:27.980 backup, as the system's collateral. It can't just be wavy like this, Jeremy. It can't just go up and
00:22:33.340 then come back down. They're putting price floors. They're putting a standard in place. And this should
00:22:38.380 give us solace and give us peace of mind knowing we're not only in the right side of history, but
00:22:43.580 you're backing your own wealth and your own portfolio with real money. This is a monetary
00:22:48.860 transition, is what they write. Gold doesn't chase the system. It reprices the system. There's a lot
00:22:54.540 of talk about gold standard this week from even Scott Besse. Oh, yeah. And I think that going back
00:23:01.180 to the 1980 timeframe as well, what's different? And what's different is that the system is changing.
00:23:09.420 Yes. Now, true. They were able to raise interest rates. You can't raise interest rates to 18%.
00:23:16.460 You'd collapse the economy. It's struggling at 4% in some cases.
00:23:22.380 Now, I think there's a lot of investment in the states that's overcoming that and mitigating it. But
00:23:26.380 still, you can't raise rates to 18% plus. And the systems that was controlling the silver market and
00:23:34.220 controlling gold market at that time, the paper market, et cetera, is losing control. And that's
00:23:40.220 the big thing. As you mentioned, the quote from Trump, that the world is changing. The economic
00:23:45.980 system is changing. And you know that because central banks aren't selling gold, they're buying
00:23:50.620 it. And they've been buying it since 2008, which anyone who's been following since that time knows that
00:23:56.300 that really ended it all. And it's been one big weekend at Bernie's since that time. The road
00:24:02.540 runner ran off the cliff a long time ago and it's just been kicked the can. I think that was a good
00:24:07.900 amount of analogies right there. Definitely. There's a lot more though.
00:24:11.180 Yeah. There's a lot more. But that's why eventually history is a pendulum and it's swinging back.
00:24:17.900 The central banks understand that and you understand that if the gold price rises significantly in that
00:24:25.500 currency, it absolves a lot of things. Because all of a sudden, if you were to reprice the balance
00:24:33.900 sheet of the treasury, 8,000 tons plus up to $10,000, you've got trillions of dollars in hand
00:24:42.060 that you can now use as collateral, hedging, finding liquidity. And that's where we're headed
00:24:49.980 with this. And also the fact that if it's been manipulated for 50 years because of all of these
00:24:56.940 fake narratives, it's sort of like there's a real narrative, and then there's a fake narrative. And
00:25:02.460 to make the fake narrative look right, you have to do some real things. And so it seems like you have
00:25:09.660 to suspend your disbelief. But you look around, I look around, I don't understand why gas prices
00:25:14.300 are high in Canada. I'm not sure what it means. We talk at the office and it's like, well, they
00:25:20.380 won't lower the HST on it. Do you know how much more they make on $1.60 than when it was $1.20?
00:25:28.620 Yeah. The government tax percentage is that much higher and they don't do anything to help you?
00:25:33.420 No. They can help you easily. Give you a little rebate.
00:25:36.060 You've got to become your own central bank.
00:25:37.660 Become your own sovereignty source and gold and silver offer that. They don't run deficits.
00:25:43.740 They don't start wars. They're neutral. They're not red or blue. They're not left or right. They're
00:25:49.100 going to be your stabilizer for your portfolio. As you convert out of these fiat currencies that
00:25:54.940 are losing purchasing power year over year, 10 to 13% down year over year, you realize you are in a
00:26:02.300 fight. Rather than rolling the dice with your wealth and trying to figure out where you should
00:26:07.500 park your wealth, all of those assets are denominated in a currency. It doesn't matter if it's a stock or
00:26:13.580 a mutual fund or GIC or even a home for that matter. As a week where we see things happening in Cuba and
00:26:20.620 Venezuela, just to remind Venezuela and Caracas Stock Exchange in 2019, they saw one of the most epic stock market runs.
00:26:28.620 But that was because of hyperinflation. They were up over 200,000 percent in their stock market portfolio.
00:26:34.060 The people thought they were rich. But in fact, when they decided to sell and take profit,
00:26:39.980 well, they were in a Titanic ship. The Bolivar was dead. It couldn't buy a thing. It was toilet paper.
00:26:46.540 So to suggest that cannot happen here in Canada, I mean, just like us, you know, they were the richest nation
00:26:53.500 in the Southern Hemisphere. We are the same resource rich nation. We're slowly moving towards this type of a government
00:26:59.580 that's more, you know, hands on your money. This is one way to get out of that is to convert out of
00:27:06.460 the fiat system, out of fiat currencies, and into ounces. And we've talked about this before. Effectively,
00:27:12.140 gold wins whether you're blue sky or gray sky. Because if you think that there's going to be
00:27:18.060 hyperinflation, you want to own gold. If you think that the way to save the currency is to back it with
00:27:23.580 gold, then you want to own gold for the revaluation, which is really what I believe. I believe gold is
00:27:29.020 about this is an opportunity to ride the wave of revaluation. And I think that that's happening.
00:27:35.820 And silver is a different story for the industrial side of things, because it is going to be,
00:27:41.180 we're in, again, six year of deficit, and it's going to be immense moving forward in terms of
00:27:45.820 the demand on it. So you look at $70, it's down today. Maybe not by the time the show gets published,
00:27:52.700 but it's down today. You say, okay, did we resolve these deficits? Do those get resolved at
00:27:58.620 140 or $200 an ounce? Probably not. So you want to take advantage of those dips if you can
00:28:05.100 understand that and not have your emotions get in the way. And for us, the best way to get involved
00:28:11.500 in precious metals is to own it directly. There's investments, those are paper. You don't get to own
00:28:18.060 anything that's on paper. You don't get access to anything that's on paper. That makes it an
00:28:22.780 investment. There's a counterparty risk. With Guildhall, everything is yours. You own it.
00:28:29.820 It's physical. It's allocated. It's segregated. You get an inventory report of your product. You can go
00:28:35.820 to the vault and personally audit your holdings. You can hold it personally directly with the vault,
00:28:41.740 or you can also have it in your registered account like an RSP, a TFSA, a Lira, a LIF, a RIF. And what
00:28:49.500 we do at Guildhall is we help the client establish the account. We help them with their transfers. We
00:28:55.420 help them with the acquisition. We're there to answer questions along the way. Anything that they need,
00:29:01.180 we have a team that's there to help them with all of their registered account needs. And we also love
00:29:07.900 talk. Clearly, clearly, we like talking about the market. Jerry, we've got 30 seconds. Any last
00:29:15.900 comments? You know, I think that as we progress into the summer season, the seasonality, things
00:29:22.060 really get hotter and hotter for precious metals as we go into the hotter months. So
00:29:27.820 sift through, filter through the March madness, as we call this month, the Ides of March. Understand
00:29:34.220 what is happening behind the scenes. The system is changing, changing for the better. If you hold
00:29:40.220 physical gold and silver, we do encourage you to get in touch. Get your investor kit directly with
00:29:46.620 Guildhall. Give us a call. That number is 1-877-8-SILVER. And that website, guildhallwealth.com,
00:29:53.020 get your investor kit. And we look forward to assisting you every single step of the way. We're here for
00:29:57.740 you. And that does it for another episode of The Real Money Show. Can't wait to speak to you soon. Take care.
00:30:04.220 Do it for another episode of The Real Money Show.
00:30:08.220 Do it for another episode of The Real Money Show.