00:00:27.420You have no access to your money whatsoever.
00:00:30.000Whether you need it or not. This is what the people in Paraguay woke up to this week with Ueno Bank going under. And almost 60% of the population not being able to access money that they need for their daily life and their life savings. Gone. And they're not the only ones.
00:00:55.580So today on the show, I think it's very important that we talk about what happens and how safe your money is in the digital financial age.
00:01:08.700I'm feeling really good, Jeremy, despite all of the observations, the hard-hitting, impacting events that are occurring is happening day after day.
00:01:19.100but owning physical gold and silver is what we talk about here on the real money show because
00:01:24.920we not only are looking for real news but people are looking for real ways of navigating protecting
00:01:33.380your wealth and we're doing this with real money divisible scarce and recognizable around the world
00:04:34.600So we had cryptocurrency theft this week,
00:04:37.260reported 6.34 billion theft in 20 minutes
00:04:41.820from wallets connected to the internet, right?
00:04:47.880And it just goes to show you that digital money can disappear in a snap.
00:04:52.120And it wasn't difficult for the hackers to get into it.
00:04:57.200And again, it's another question of how safe is digital money in this digital world right now?
00:05:04.700You've got hackers, you've got issues with banks.
00:05:07.920What did you think when you saw what happened with Binance?
00:05:11.180Well, this is one thing that came to my mind was the attack was primarily powered by AI.
00:05:19.600So as AI and SI are being revolutionized and advancing almost by the second, it will eventually open up the risks of the addresses.
00:05:32.600addresses and the thought of having something that is decentralized, really a big message
00:05:42.160for me also, a signal for cryptocurrencies was how Tether, for example, the largest
00:05:49.860US dollar, digital dollar on the crypto blockchain, they had to find stability somewhere and they
00:05:58.940chose gold and i'm pretty sure that they're holding on to their gold and really happy that
00:06:03.980they were able to diversify and hold something that is outside of the traditional banking system
00:06:10.420the reason why countries need to hold physical gold and why we do at the same time is to have
00:06:15.700something outside the banking system but it's more than just that we're not just buying stuff
00:06:20.240you're not buying baseball cards or comic books or art or watches all you're doing all we're doing
00:06:25.760is converting from one monetary currency mode of, you know, mode of conversion into money.
00:06:33.460So something very relevant, collateral and credit and a big switch and a solution for
00:06:41.480the risks that I believe are going to continue to accelerate.
00:06:45.780I it's interesting that we were on the same page because one of the things that I thought0.99
00:06:50.140about when I heard about the Binance thing, which is awful, by the way, and definitely
00:06:54.160people who are in the industry will say this is why you hold things in a cold wallet um but i
00:07:00.440thought about the gold that's in the vault i thought about the silver that's in the vault
00:07:06.100that there's obviously fully secured in a physical world with with people at the vault holding guns
00:07:15.220to protect your assets and that it doesn't rely on passwords you need your id to show who you are
00:07:23.960And you can go and personally audit or personally pick up the product. But gold physically is unhackable. And I think that for me is the one thing I thought about in that instance. So you have to be careful.
00:07:38.660So it's not the only thing that is susceptible to cyber attacks. We saw it happen in Europe. There was 100 million euro bank theft and banking outages pending verification. Financial institutions are increasingly dependent on interconnectivity. And this is putting these banks at risk. You mentioned fragility. And I think that becomes part of it is the way they communicate. How strong is that?
00:08:07.800And maybe it will get stronger. But if it's a fiat system, number one, you're already in a weak currency or a currency that's losing purchasing power. But even in Europe, they were susceptible to cyber attacks. Now, we don't know if people were left without their money, but there were certainly disruptions.
00:08:28.580Absolutely. You're going to get disrupted along the way because we have to answer the reason why freezing or capital controls in the first place. It's the importance of having these deposits within their system that is interconnected.
00:10:31.820I would have loved to use this as an asset on my balance sheet.
00:10:34.960Well, this is a whole other topic because this is about the idea of a debt-based financial system and what would happen if gold and silver were to be used as a high-quality liquid asset, then you could borrow against it.
00:10:48.820But that's different than the idea of what's happening with these banks. And whether it's a hack or whether it's a security system, whether it's a server, like we saw what was going on in Japan, there was some sort of server outage that blocked people from getting into their accounts in intermittent ways.
00:11:09.220And we're not talking about a country that's having rolling blackouts here. We're talking about it doesn't even have to be hacked. It's like, do you remember what happened a couple of years ago with Rogers? Right. All of a sudden, the world in Canada ended and people were like, I don't even know how to pay for gas because I don't use cash. Right. So we want to connect these dots.
00:11:30.440And I think you're talking from a perspective of a higher thing.
00:11:35.040You're saying, look, I don't care about what's in the banks.
00:11:37.340I care about the issue of what the banks are doing from the get-go, right?
00:11:40.800Well, they're freezing the accounts because they're using our money as their credit, as their collateral.
00:11:59.880We've seen this before of bank accounts being frozen over the last six, seven years.
00:12:05.500Canadian bank accounts have been frozen.
00:12:07.820The minute that we were told that was going to happen, people were taking cash left, right, and center lining up to buy gold and silver.
00:12:15.520So the banking system, they say history rhymes, but when you're dealing with a fiat currency and all they can do is print, print, print, because they had that printing press, we end up losing.
00:12:24.860And the only way the off ramp for that is time tested. It's real money. It's converting into physical gold and silver. And that's all we do at Guildhall. You're owning allocated, segregated, titled ownership under your name. If it whether it be in an IRA or an RSP, TFSA, Lira, now is the time to get out of their type of debt based system. Do it for yourself. Do it for your family. Focus on generational wealth. And that's our focus.
00:12:52.940And despite the pullback that we saw in the last few months, gold may be down 6% year-to-date, and silver may be down about 20% year-to-date.
00:13:04.000Over the last two years, though, gold's up over 55% and approximately 66% up in silver, and both gold and silver perform during November, December, the crash season.
00:13:15.020So let's just conclude what we were just discussing. So you have various risks in the banking system. There's cyber attacks, there's the technical side of it that you could have servers breaking down, there's a fragility to all of it.
00:13:34.820And as you were mentioning, Jerry, there's also the upper level of it, which is the collateral and the fragility of the fiat system itself that's protecting the narrative of your money in your bank is safe.
00:13:48.120And so we're pointing out just by looking at what happened this week alone in the world, banks freezing assets, cyber attacks, stealing money, server shutdowns, etc., that you have to understand that there's a lot of, is your money that's safe when it's in a digital world?
00:14:07.440Is it worth diversifying in your assets and de-digitizing some of your wealth so that you are protected?
00:14:15.880And then when it comes to, so let's talk about what's happened in the gold and silver market.
00:14:21.340You know, a lot of times people will say, well, you know, gold's down this year.
00:14:27.060If I would have bought it earlier this year, I'd be losing money.
00:14:30.120And I always, I think back on 2011, when the price of silver was at $40, $50 for all of a week. And you're saying, so over the last 10 years, you didn't buy. You didn't buy when it was eight. You didn't buy when it was 10 or 15 or 20, 30, 40. You bought at $50 an ounce. Now you're losing.
00:14:52.760Yes. Yes, that would be true. But that belies the fact that let's look at this year. The market ran from essentially for three months from November through February. And three weeks of that period of time is where the bulk of that run went. So out of 52 weeks in the full year, three weeks was part of that run.
00:15:15.960How many people do you think got involved in the market at that point? Not a lot. Very few people bought. And to be honest, very few people sold. And it doesn't matter if you've been holding it for five years, because I think gold's up 150% in five years. And then a lot of times what happens is we get caught up in this investor mentality. We're not advisors. We don't look at gold and silver as investments.
00:15:40.480oftentimes people think well what has it done in the last six months what has it done in the last
00:15:46.000year it's the wrong way to look at it if you did 40 if you got a 45 percent tick up in silver last
00:15:53.600year not that it was like i don't exactly know what it was but let's say the year before it was
00:15:57.740up 45 and this year it's down eight any investor in the world would take that that's right okay
00:16:05.240Long-term, you go, look, I can take a couple pullbacks here and there.
00:16:10.140The question is, where is it going to be in the future?
00:16:12.420And I think what you were talking about earlier, Jerry, about the collateral in the world,
00:16:16.320and we've got to get to the budget of the debts that are happening.
00:16:33.460You have an opportunity to get involved in the gold and silver market today at a discount, even though it's rocketed over the last decade, two decades, actually.
00:16:44.220But it's still time to protect your wealth.
00:16:46.980It's still a good time to think forward about the purchasing power of your wealth.
00:20:04.360So we have to pay the interest on the $600 billion in debt. Most of it is going to go to actually service the current debt. Okay? 70% of it is going to go to servicing the debt. So Canadians have to pay the interest on these bonds and treasuries because we owe it to whoever takes it. Okay?
00:20:23.480How? How? Taxes are going to rise. Money is going to be printed. The purchasing power of those loonies in your wallet are going to continue to fall. What options do you have? Work harder? Work smarter? Own an asset that fights inflation? That fights the loss of purchasing power? It's gold and silver. Don't digitize it, though.
00:20:53.220That's right. Make sure that it's physical. It's got to be physical. That is the way to
00:20:57.000protect against this purchasing power loss because it's blatant at a time where Canada
00:21:01.340is sitting on the most relevant resources in the world, the critical mineral, the gold.
00:21:06.580We could get back a trillion easily. We're number four in gold mining. We were number
00:21:10.360one in the 80s for silver mining. We are still number four in oil, yet poverty ensues. Over a
00:21:17.200trillion dollars have fled this government over the past 10 years to suggest that this is not
00:21:23.480something by design or, you know, this controlled demolition through the, you know, the implementation
00:21:29.200of these cloward pivot type strategies, just pillaging every single industry moving down
00:21:37.560south because who can run a business profitably these days unless you are, you know, doing
00:21:43.000something savvy and something relevant in a time where AI is sort of making people pivot.
00:21:48.220Right. Well, I think the other thing about the budget is that they always wrap it in
00:21:55.600for the greater good, in a moral virtue signal. Things like we're going to end poverty.
00:22:03.160Right. Of course, it's going to be on the backs of all of this debt that you're creating,
00:22:07.280which means we're all going to get closer there together in actual fact.
00:22:12.160So it's a bit disingenuous. You can't be morally promising one thing on the one hand, but then immorally going into further and further debt. I don't think those two are compatible, right?
00:22:30.220If you were to say, to your point, yes, let's get production going. Yes, let's not just support artists who are going to propagandize this to death, but let's support businesses to make more money so that we have more money coming in, just like the government got a windfall on oil this year.
00:22:48.880Now, they could hate the reason why they got that windfall, but they'll certainly take the windfall.
00:22:54.100They'll take it. They took it from the pensions.
00:25:12.080And he was once the king of New York, one of the kings of New York, to just a loss of legacy for him and his family members, all because of a Ponzi scheme.
00:25:25.360And don't forget the wealth of the people who entrusted this one person.
00:25:30.900Now, the trust has gone down the drain with treasuries and de-dollarization, not just that, just the entire banking system.
00:25:38.220So the ice nine is something that was brought up by, and this always comes back, Jeremy, we've seen this before freezing and controls. Now, when everyone tries to head to the door at the same time, there was a metaphor that was brought up. And this was brought up by Jim Rickards in his book, Road to Ruin.
00:25:56.500But it actually, this idea of Ice Nine was a fictional thing from a book back in the 60s about a form of water that became ice.
00:26:07.480And it just instantly froze into more ice as time went on.
00:26:19.260So Rickards uses that same central metaphor for that systemic financial freeze. One major bank, one exchange, one crypto firm, one clearing system around the world, once it gets locked down, because just like your home in the basement, furnace room, you have a circuit breaker, you turn that circuit breaker off, you can't get into your computer, you can't sell, you can't get access to your money.
00:26:47.420And just like Mark Twain said, people today are more concerned about the return of their money than the return on their money.
00:27:10.860And when you come for your deposits back, they got to pay Jeremy with Ezra's money and then Ezra's money from Efren's money and just continues to cascade until the Ponzi Bernard Madoff's dream ends up failing.
00:27:55.680your resources. You put that into the strategic wealth fund that has been unlocked. Follow the
00:28:01.500executive orders from 2024 to the strategic wealth fund that will be on the blockchain.
00:28:08.480So watch this. Watch the revaluation. We're calm. We're cool. Once you have your wealth insurance,
00:28:14.320your gold, silver, outside of the banking system, we could focus on the real fights,
00:28:19.900our family, and making sure that we're focused on the future and what's really important.
00:28:24.400And one of the things is, is that when you get into the market for the first time, you are concerned about price. But later on, you're concerned about the ounces. And you want to measure your wealth in ounces. And if you don't have any ounces, you got to start getting in, start small, you know, crawl, walk, run into the market.
00:28:44.900You can go to our e-store, guildhallpreciousmetals.com, and you can see the types of products that you can get.
00:28:51.120You can buy it from the comfort of your home.
00:28:54.780And it's a great place to start because there's 10-ounce bars, there's kilo bars of silver, there's tubes of silver maples.
00:29:01.340And the idea is to start small, feel that physical metal in your hand, and realize what the real wealth in this world is.
00:29:07.940So in a world that's fragile, in a world that is hackable, in a world that the currency can go to zero very quickly, protect your wealth for the long term, and we're nowhere near the end of this market. We're just getting started, and we can't wait to speak to you and talk to you about what your situation is, what you're looking to get out of the market, and what your fears are, and how gold and silver might be able to work for you, because it's a little different for everybody.