Rebel News Podcast - SPONSOR ｜ Tether’s gold grab is a no-brainer for crypto giant

00:00:00.000 Welcome to another edition of The Real Money Show. My name is Jeremy Wiseman. I'm joined

00:00:13.120 by Jerry Karaya. And at Guildhall Wealth, we deal in only physical gold and silver,

00:00:19.200 which is what we're going to be talking about today. Of course, it's making waves into different

00:00:24.400 markets, specifically crypto markets, as well as AI, which we're going to talk about as well.

00:00:31.520 For those that want to hold physical gold and silver as part of your portfolio, one of the

00:00:35.320 things that we focus on at Guildhall is helping people to hold actual physical gold and silver

00:00:41.020 in registered accounts where you own it directly. This is not a pool account. This is not a certificate.

00:00:47.900 This is not an ETF. This is actual real ownership of your products held in a vault facility outside

00:00:54.100 the banking system. So we have a motto, if you can't hold it, you don't own it. And this definitely

00:01:00.700 passes the sniff test in that regard. You can even go to the vault and personally audit your holdings,

00:01:05.500 which is still, to me, one of the coolest things. Proof in the pudding. Exactly. It still is a great

00:01:10.920 thing for me. And we've been doing this for almost 10 years in registered accounts. So today is the

00:01:16.360 27th. Silver's trading at 53.37. Gold's trading at 41.58. Pretty nice move up in silver today.

00:01:24.920 Is this the start of something, a line of trajectory we should get used to?

00:01:31.000 Absolutely. We had a good pullback the last couple of weeks where silver tested in the

00:01:36.120 upper 40s. Now we're clearing 50 and we're going to retest the 54 mark. So that was the all-time

00:01:42.040 high that we tested about a month and a half ago. We're not far away. Yeah, we're not far away at

00:01:46.280 all. But overall in the year, it's a good year. So far, silver's up about 80% year to date and gold's

00:01:52.380 up about 55, 60%. So a lot of the things that we've been having conversations with clients at the office

00:02:00.100 is, is it over, right? New potential people getting involved in the market. A lot of our clients,

00:02:05.700 people are wondering, okay, it's at all-time highs. Is it over? And of course, when you start to look

00:02:11.980 at all the fundamentals and all of the things that are going on in the world, you realize, no, no,

00:02:16.660 we're nowhere close. And there's a lot of different things we can get into on that topic alone.

00:02:21.800 However, let's start with the cryptoverse because this week, actually in the last couple of days,

00:02:27.720 one of the world's largest stable coins made headlines for something that would probably make

00:02:35.380 most crypto people kind of upset, which is that Tether is now holding more gold than some small

00:02:44.840 central banks like Hungary and Korea, not North Korea, but Korea. That's how much gold they're

00:02:50.560 holding. Before we get into this, so people can understand the importance of this and what it can

00:02:56.060 mean to the potential of gold going forward. What is Tether exactly? So Tether is the world's

00:03:01.460 largest stable coin and it's used as a bridge between when you trade cryptocurrencies, whether

00:03:06.360 it be Ethereum or Bitcoin, you would jump into USDT, which is the Tether. It's supposed to represent

00:03:12.320 the US dollar, a cash, a cash position, and it's supposed to be backed one-to-one with US Treasuries.

00:03:19.320 And that was an issue. It's never been audited. Now it's a large market, larger than the US Treasury

00:03:25.120 market. So, you know, there was a lot of issue regarding that, the transparency behind it.

00:03:30.740 In fact, it actually made news in July of this year where Besson passed the Genius Act to ensure

00:03:37.940 that this thing is back one-to-one. And that's when they went scrambling to start buying some real

00:03:42.300 collateral to back up the stable coin. The treasury is, you know, it's all fiat. So having this large

00:03:51.340 stable coin now acquiring gold is a huge signal and this is the demand. You know, demand coming into

00:03:56.700 gold and silver is a big sign that entities, countries are looking to boost that side of the

00:04:04.520 balance sheet. So here are the numbers. We've got the Tether market size is $150 billion.

00:04:10.860 They're holding $135 billion in US Treasuries. They're holding $14 billion in gold or 116 tons.

00:04:21.340 And they're holding $8.8 billion in Bitcoin. So in terms of the debate for, you know, you think

00:04:34.200 about Bitcoin people, they're often telling you to sell all your gold. Of course.

00:04:37.600 And now here's Tether holding more gold than Bitcoin. What does this say for the cryptoverse

00:04:44.280 that you have a company wanting to be stable, that they need to be, but that their choice for

00:04:50.840 stability isn't necessarily Bitcoin. It's actual gold. That's right. You have to back this asset,

00:04:57.920 this currency with something. It needs to be backed by something, what they called a relic

00:05:03.720 or a tradition with the very, you know, what money is. Money is gold. Gold has survived for

00:05:11.140 thousands of years as the most liquid asset class and the most solid. It's beyond language,

00:05:16.520 beyond borders. Every single country is acquiring gold at an insatiable pace. And if you look at the

00:05:23.900 demand coming from Tether, now acquiring about $300 million this year, buying into precious metals,

00:05:29.980 buying into gold. It's the largest gold buyer right now in the world, passing Kazakhstan.

00:05:34.900 And, you know, this is the demand that we're talking about, why this market will continue

00:05:38.720 to rise. The gold market and the silver market are not rising because of speculation, because of data,

00:05:45.580 because of inflation. Those things are going to be there. The gold and silver market is a scarce

00:05:52.040 market, especially silver. But the gold market is being introduced, reintroduced to the system.

00:05:57.820 And then we're going to see a bridging. You know, the old SWIFT system where money flows and

00:06:02.880 people can get locked out and accounts frozen and countries can get sanctioned because they're on

00:06:09.900 the SWIFT system. So this is an alternative. It's much faster. So we're leveling up and we're now

00:06:14.900 seeing emerging. Emerging with money, with technology and the treasury. So we're seeing a bridging

00:06:22.440 happening here. So we have to follow this amazing trend. Do you think that them tether holding gold

00:06:29.780 can help bring people into the crypto sphere or equally, do you think it's like, does it upset

00:06:38.780 people, upset the crypto sphere that they're holding gold? I think it makes sense in terms of what I

00:06:45.080 thought was interesting, by the way, sorry to derail my own question. But this idea that they want to peg

00:06:51.320 tethered to the US dollar, but the dollar has no peg. So how do you know what the value of the dollar

00:06:57.680 is? Right. So their choice to do that is to say, we're going to hold bonds, we're going to hold

00:07:02.380 crypto, and we're also going to hold gold. And if we hold all of these three things, we'll have these

00:07:07.240 three pillars that give us stability in the market. So I found that very interesting that it's, well,

00:07:13.920 you can't get quite a peg unless the US was pegged to something, which it's not. So their idea of

00:07:20.860 making, you can't peg something that's completely free floating as of right now. But do you think

00:07:26.420 that having gold brings people to the crypto verse? Equally, do you think it makes people who are in the

00:07:34.440 crypto verse? Think a little bit about the advantages of having gold? Well, I think, you know,

00:07:43.140 the debate, I think it's over regarding where it gets its value from, where these cryptos get its

00:07:47.800 value from. And with tether, calling it a stable coin without a true and proper measurement or backing

00:07:56.340 of something, that was the risk. So I think it does introduce to the crypto space, the importance

00:08:04.960 of holding something that is actually tangible and scarce, so that we can measure up and actually find

00:08:10.360 value for your cryptos, for your gold reserves, for your paper. Because the problem initially was the

00:08:17.740 paper markets and the currency printing that has been going on for decades in the US, QE1, QE2,

00:08:24.360 the Federal Reserve just printed another round of an injection of $130 billion. So they're just

00:08:30.260 printing the currency. We have to measure it. Well, gold has measurements. We measure it to the M2

00:08:35.360 money supply. So we have a measurement of where we should be going and how much of that debt, how much

00:08:41.600 of that tether needs to be backed up. So it's going to bridge, I think it's going to help with the

00:08:48.780 understanding of what money is. So on the demand side, this has been a pretty

00:08:54.340 good quarter for tether buying physical gold. Are there signs that this has stopped? Or are they

00:09:00.560 going to continue to grow? And if the crypto market and industry is going to continue to grow, then

00:09:06.760 demand for tether is going to continue to grow. So they're going to have to continue to grow their

00:09:11.320 gold holdings as well, unless the price doubles or triples and keeps up in that regard.

00:09:17.580 Yeah, exactly. Now, here was a here was an interesting quote from Vince Lancey this week,

00:09:22.160 if China owns, and we have to keep an eye on China, because there's a race for gold. And there's a race

00:09:26.740 for, I guess, you know, global dominance, you know, there's a race for stuff these days, there is a race

00:09:33.760 for economic dominance. So China has been hoarding gold, they stopped the exports of silver. And he wrote,

00:09:40.580 China owns its gold gold through its people. And the US is now investing in corpse, it's deemed are

00:09:47.560 important to the US existing, including tether. So this is what is being used by the US to bolster

00:09:54.860 their reserves, not just in tether, but gold, because it's directly related, you're now backing

00:10:00.100 your tether with gold, you're pegging it to gold eventually. And then I think the next step would be

00:10:04.700 introducing it to the Treasury market, and then US adoption. Yeah, you know, I know China does

00:10:09.920 encourage its citizens to own physical gold. We're going to talk about this right now regarding the

00:10:16.820 US and how they could be encouraging corporations to hold gold. I think for Canadians, we don't have 0.84

00:10:25.020 as much gold in our reserves as tether does, but we can buy it ourselves, right? And so the idea,

00:10:32.380 of course, is that you, as the individual can own physical gold, and not just paper gold,

00:10:37.960 not just have exposure to physical gold, but to actually own the physical gold. And that's what

00:10:42.460 we help people do at Guildhall. So you can go to guildhallwealth.com and you can buy the product

00:10:47.540 personally, you can come to the office, schedule an appointment and purchase it direct, or you can

00:10:52.660 use our e-store to do it, you can use our depository services so that you have ease of liquidity,

00:10:57.380 whether you're traveling anywhere around the world, or maybe you're a snowboard thinking this time

00:11:01.720 of year, let's, let's go away. But you might want some liquidity, it's easy to sell on a phone call.

00:11:06.600 And then of course, the registered accounts that I mentioned at the top of the show, let's talk

00:11:10.800 about AI, because we now have an executive order about the Genesis mission. What is the Genesis

00:11:19.940 mission, so that we can see just exactly how much silver is going to be used over the next several

00:11:26.940 years and what that could potentially mean for higher prices?

00:11:30.280 Yeah, so it just got passed this week. Breaking news, President Trump just signed an executive

00:11:36.280 order akin to the Manhattan Project. We talked about it last time we were here on the show,

00:11:40.780 how the US for the nuclear bomb needed so much silver. The news is talking about this build out

00:11:47.280 of AI, which is understandable. Everyone's really using it. It's replacing a lot of jobs. It's a big

00:11:52.360 worry for people. Or creating jobs. Or creating jobs. That's what your perspective is. Whatever

00:11:56.320 your stance is, exactly. But the US, they just launched the Genesis project, and it was an

00:12:02.200 executive order by President Trump yesterday. And he said basically that America is in a race for

00:12:08.060 global technology dominance in the development of artificial intelligence, AI, an important frontier

00:12:14.820 of scientific discovery and growth. To that end, my administration has taken a number of actions to win

00:12:20.060 that race. So we have to remember, we're talking about usages here. We're talking about building

00:12:24.820 out something that requires material to build in the first place. And we talked about it before.

00:12:31.320 We're talking about AI and ChatGPT and the data centers that are required to engine and power

00:12:37.400 the processing of this intelligence. Every single data center that is open, you need tens of thousands

00:12:44.020 of kilos of silver. Can you believe that? It's the demand coming out from AI. Now, we're not even

00:12:51.000 talking about the other usages. We're talking about- Like the factories. The factories, semiconductors,

00:12:56.320 power distribution, automotive, photography, all of these things. If you have a light switch

00:13:01.320 in your house, there's silver in that light switch. But we're talking about scaling out something

00:13:05.600 that is going to be a massive push to build out. A lot of economic analysts are wondering,

00:13:15.500 how are they going to build this out economically? How are you going to finance this? Well, my question

00:13:20.000 is, where are you going to get the silver from to scale out this AI project?

00:13:24.320 That's one of the reasons why they probably titled it a critical mineral, right? You can start to see

00:13:29.940 this trend. The signposts there were, we're going to get to this stage and we have to put things in

00:13:35.340 place. We're going to need silver. It is critical to this. Rare Earths. You can see the deals that

00:13:40.560 have been made around the world to go after Rare Earths. I think it's an important mission. I think

00:13:45.620 it's a noble one. I think it will bring a lot of jobs. I do hope that Canada gets in on the race and

00:13:53.320 in on the success of it. I think we have a lot to offer to the United States in that mission. But of

00:14:00.180 course, it is going to need a lot of precious metals. And it's not just in the United States,

00:14:05.700 but it is a race around the world for it. So we know that the demand on silver right now,

00:14:11.560 I was watching a video with Keith Neumeier from First Majestic, and he ran the numbers. He's really

00:14:17.700 good at all of those things. He said, they're mining $800 million a year. They're using about

00:14:24.460 $1.1, $1.2 billion a year. That deficit's been running for about five years. So they're a billion

00:14:31.460 ounces short already. And he was mentioning that, yeah, you can create a bigger mill. You can build a

00:14:39.860 bigger mill. You can do more refining, but that's going to take money. And you need higher prices to

00:14:46.320 do that. One thing I was struck this week regarding was in Canada, I was kind of shocked

00:14:53.260 to hear this. We don't really refine anything here. No. We mine it and we ship it. Just like

00:14:58.780 oil. Lumber. Lumber. And I thought, wow, how come we're not part of that process? You know,

00:15:05.160 we follow Vince Lancey, a great analyst in the market, always talking about mercantilism and how

00:15:11.020 these countries around the world are saying, look, we want part of the value chain. We don't want to

00:15:15.920 just dig it and ship it, which is a very kind of British Empire colonial thing. We want to build

00:15:22.660 it, produce something, and then ship it. Jobs. And be part of it, right? Create more jobs,

00:15:27.280 et cetera. So I was kind of shocked that we don't even, you know, we're the third largest,

00:15:32.320 fifth or fifth largest gold, seventh largest silver.

00:15:36.420 Fourth in oil.

00:15:36.860 We don't really refine it, except for the Royal Canadian Mint, I guess. Maybe some small

00:15:40.500 mints, but we're small refiners. We're not refining. That's a lot of jobs that are missing.

00:15:45.380 And a lot of demand that we could be fulfilling by doing that. I digress.

00:15:49.880 No, that's a huge point.

00:15:51.800 We're going to need a lot of silver. There's a deficit. We have the cup and handle from a

00:15:58.200 technical standpoint. What kind of prices are people considering for where silver could be going

00:16:03.260 in this type of AI mission and new version of a space race?

00:16:08.920 Well, now that we're seeing, you know, the trend moving from China stopping the exports of silver,

00:16:13.940 hoarding gold, to the designation of silver being on the critical minerals list, to the move of this,

00:16:21.860 this launch of the project, this mission, we're supported. So I think on the downside,

00:16:27.480 we're very supported. You cannot sell a critical mineral. It's a mandate. It's a law now you have

00:16:33.140 to acquire and stockpile as much silver as possible. So we're supported in that regard.

00:16:38.240 But when we look at other analysts, if you look at the silver to the M2 supply, for example,

00:16:43.480 we're talking about multiple times higher. I think we were very supported. Next week,

00:16:48.020 the US will be cutting interest rates. That's another tailwind for silver. It should push the

00:16:53.900 prices of gold and silver higher because they're going to be destroying and devaluing the currency

00:16:58.640 even more. We also look at Michael Oliver's, the momentum structural analysts, where he includes

00:17:06.440 looking at the technicals regarding momentum. Now, his stuff has been focused on and highlighted

00:17:14.520 through the Wall Street Journal. And he says it's not a slow climb. He actually believes a quantum leap

00:17:21.400 is coming in silver. It's a permanent shift to new price ranges. He's calling for 100 to 200 silver

00:17:27.660 within quarters. We're not talking about years. And gold is entering entirely into a new valuation

00:17:33.360 paradigm. Because remember, the gold is we're talking about revaluation here. The US needs to

00:17:39.800 take their asset, which is a tier one capital. It's actually high quality liquid asset to China. So

00:17:46.980 it's actually better than cash. Gold is that collateral. We're going to be watching this market.

00:17:52.260 There's a lot of news about the repo markets in the overnight. It's blowing up, Jeremy. This is the

00:17:56.800 stuff that took down the Lehman Brothers. It took down just before COVID when the lockdowns happened.

00:18:02.260 There was a lot of price action in the repo market. It's showing signs of illiquidity.

00:18:06.780 Liquidity is based on the collateral. What is the good collateral? What is the asset

00:18:11.700 on that asset side of your balance sheet versus the mountains of debt? The US has just passed,

00:18:17.720 what, $300-some-odd trillion in debt? Or what's it? $37 trillion, I think.

00:18:25.060 You know, when you think about the debts that are out there, you know, I think back to when I

00:18:33.860 started in 2006. And you're telling people, look, it's undervalued. Silver's undervalued. Gold's

00:18:39.180 undervalued. I don't, I don't, I'm starting to fully appreciate just how undervalued they really

00:18:46.080 were back then. And also how much more money people had, right, in the markets. I think that

00:18:54.100 silver today at $50 is even more undervalued when you think about the amount of money that's been

00:19:00.180 printed out of thin air or currency and debt that's been created out of thin air. And so that's going to

00:19:06.760 have to be dealt with, whether it's defaulting or the rise of gold. You know, it's sometimes,

00:19:12.920 you know, the way I kind of think about it sometimes is they're not, you don't necessarily

00:19:16.560 have to pay down the whole debt. No. You know, if you have a $800,000, $900,000 mortgage on a

00:19:21.720 million dollar property, it's, you got sleepless nights. But if the property goes to one and a half

00:19:26.540 million, it's the equity. The debt is not as much of a concern. In fact, you can now borrow against it,

00:19:33.400 right? Exactly. And I think that that's what they're looking at and central bank

00:19:36.740 are looking at when it comes to physical gold. I think silver, you know, we're talking about more

00:19:42.160 from an industrial standpoint. So I think when you start to think about how much debt there is,

00:19:47.580 what it's going to take to level the playing field, because you could have, you're going to

00:19:51.600 need 25 years of 4% GDP to be able to get to where you're trying to go here. So you need the assets to

00:20:00.040 grow quickly. And I think that's what central banks are buying gold for. And then the benefit you get

00:20:06.080 from it because it's a high-quality liquid asset is to be able to borrow against it as it's rising

00:20:12.240 and use it as collateral, right? Not the pension plan, but the gold.

00:20:17.820 Yeah. This is just it. You know, the Canadian government just went parabolic with their mission

00:20:23.380 to steal from us. Even further, Carney announcing that they're going to use pensions. So, you know,

00:20:29.080 with money being just Canadian money, just being just digital ones and zeros on your computer when you

00:20:34.700 log in, the time right now is to convert out of this currency of the loonie that has lost over 95%

00:20:41.460 of its purchasing power since 1915. The trajectory is very bad right now in Canada, but there is hope.

00:20:47.980 And I believe that with the resources that we have in Canada, when we unlock, things will change

00:20:52.640 rapidly. However, we have to go through some steps. Gold and silver are being reintroduced into

00:20:59.340 the monetary system. And I think with the US, if they have to boost that side of the balance sheet

00:21:07.100 back to maybe where it was prior to World War II or around World War II time, the gold represented 20%

00:21:18.000 of the debt back then. And right now, the gold that they have in holdings represents 2% of the

00:21:23.820 $38 trillion in debt. So how do we get back to the 20%? We're talking about gold revaluation.

00:21:29.400 And scoff at the idea because, you know, to get back to 20%, gold will be around $25,000 roughly.

00:21:35.760 Right.

00:21:37.280 You can't scoff at the idea because I challenge you. I just want to encourage you guys to check

00:21:40.860 out the federalreserve.gov website. Their latest paper is about gold revaluations. They don't talk

00:21:46.560 about gold, but this is the first time ever. The Federal Reserve, the Central Bank of the United

00:21:50.520 States mentions gold, but revaluing gold and how countries use their gold to fix all the fiscal

00:21:57.500 mess that they were in. And no, they didn't have to sell the gold to dump and to raise cash. No,

00:22:04.200 they just simply revalued the price. And it is very interesting. It's very exciting to know this

00:22:09.840 because our clients are going to benefit. Our clients right now are benefiting.

00:22:12.560 Yeah. I think, you know, when we're talking about forecasts, which is where we've taken the whole

00:22:17.780 show to get to this point, which is great. When you're thinking about forecasts, you know, let's

00:22:21.660 say Jim Rickards, he's a great author. He he's done the math on these things as you've talked about

00:22:26.560 just, just a moment ago in terms of percentages. Right. And he'll, he'll throw out a forecast saying,

00:22:33.400 look, like you're going to need $25,000 gold plus to be in a place where you're, you're leveling the

00:22:40.760 balance sheet or balancing the, the, the debts, et cetera. But it's a lot to digest. It's really

00:22:47.300 difficult for someone to conceive of those type of prices. Similarly, when I got into the business

00:22:52.960 and so gold was trading at 400 and I talked to people saying, yeah, you know, they think it's

00:22:58.300 going to go to a thousand, you'd get the hand. It's not going to happen. Right.

00:23:03.180 On the opposite end of the spectrum, you have, um, banks that are forecasting just, just out

00:23:11.680 in front. Yeah. Right. Gold's going to be, I mean, name the bank gold's going to be at

00:23:16.180 4,400 next year. It's 4,200, 41 something. Always conservative, right? Maybe it gets to 5,000,

00:23:22.520 right? Um, that type of thing. So very, very conservative. You don't get too excited. But when

00:23:27.460 you think, when you think about where we are right now at $50 silver, people are digesting

00:23:32.820 that price and they have to kind of let that sink in and say, yeah, it can go to 50. What's

00:23:39.440 because you have to start asking yourself, there's a couple of things that have to happen. One,

00:23:43.700 you have to get over the, the, the, um, double my money bias, right? People have a double. I doubled

00:23:50.980 my money. Take profit. I'll take the profit. I've doubled my money. That's enough. I'll take it

00:23:55.220 off the table. Um, just for its own sake. Listen, I love art for art's sake, but it's also better to

00:24:02.120 have things for a reason. And so when you start to look at reasons, you say, what's been resolved?

00:24:07.980 True. Have these debts been resolved? Has inflation been resolved? Has the dynamic of geopolitics been

00:24:15.060 resolved? Is the middle class being hollowed out still, or is the middle class growing? That would 0.99

00:24:19.800 be a resolve for me, right? Seeing, seeing these things, um, you know, are regular everyday people

00:24:26.820 working minimum wage, but able to do something with that minimum wage, right? Where it's not,

00:24:31.700 they're sitting there saying this job isn't paying me enough to care, right? There's a lot of things,

00:24:37.920 right? Anecdotally and statistically to say it's been resolved. So that's the first thing,

00:24:44.440 get over the double bias. And then the second thing is, is what has been resolved? And I think

00:24:49.660 when it's going to be a process, revaluing gold is a process, um, that you're just going to see the

00:24:57.920 prices move higher and higher and just keep asking, has it, what's been resolved? And that's what we're

00:25:03.420 here for to discuss the fundamentals. And from the silver perspective, it's really about the industrial

00:25:08.480 demand. So where's that headed? And what is there an ultimate, like give the audience a crazy price

00:25:15.400 and then we can talk about what the bank's conservative price is. And then it's maybe

00:25:20.500 somewhere in between. You know what, with, uh, with the silver forecasts, um, having silver being

00:25:26.340 designated as a critical mineral, that's huge. We really have to really build that as the foundation

00:25:32.180 here because you're not selling physical. If you do see the prices jump around, it's because of the

00:25:36.980 paper markets and the paper markets are right now about to erupt. Um, the paper markets are

00:25:42.300 frothing. They want to, they want another round of money printing, which means nothing has been

00:25:46.100 solved. And the solution before was just print a ton of money, but this time around is not going to

00:25:52.060 work. This is why the gold and silver are the focus for being collateral. Yeah. Silver is industrial,

00:25:56.940 but it's also being used as collateral in places like India. They've reintroduced it to the monetary

00:26:02.120 system. And as we look at cycles, you brought up Jim Rickards. Um, we are actually in the third

00:26:07.380 cycle of the super cycle. We're actually in third super cycle of precious metals, which is very

00:26:12.420 exciting. It's pointing to by next year. Um, according to Jim Rickards, silver should be anywhere

00:26:17.260 around, um, a 490 us per ounce. And what's very interesting here by next year. Um, what's very

00:26:23.380 interesting. That's pretty, uh, out there. Yeah. Well, we have, uh, some cryptos into the 80,000 mark

00:26:29.220 and they really don't do much. What does Michael Oliver say? So, so Rickards is saying multiple

00:26:34.060 hundreds. Oliver saying $200 within a few quarters. So if we continue with that momentum and clearing

00:26:42.720 hurdles of, you know, the support and resistance levels, it becomes very easy to do. Couple that

00:26:49.920 in with the silver stock out. We had Daniel Galley from TD Securities, the head of commodities

00:26:54.780 strategists there. Um, he indicated that this is the one way to buy into the silver, silver space.

00:27:00.100 You want to own that and you want to own that, but you don't want to own the proxy. You don't

00:27:03.380 want to own the certificate or some type of gold or silver scheme. You want to buy the physical

00:27:07.960 precious metals, whether to take home through Guildhall, own it in your RSPs, go to the vault

00:27:13.420 and visit. If you don't believe that they're there, go check them out and audit it yourself.

00:27:17.000 But you want to buy into this because this is a once in a lifetime opportunity. And people are

00:27:21.400 worried about, well, if we're moving up, could it just pull back? Gold and silver, especially

00:27:26.940 gold has to be revalued and held there. And it's not a very new topic for many people to

00:27:32.620 understand. A lot of Canadians today, if you go to betterdwelling.com, great website. Just

00:27:37.380 look at the top five headlines right now. Canadians have to renew. Um, HELOCs are at an all time

00:27:44.620 high. The debt is surging and the home is the collateral. And when people renew, they may

00:27:50.280 have to fork out some more money because that collateral, that down payment is too small.

00:27:54.540 It's too little. So you're going to have to fork up some more cash. But in this case with

00:27:58.160 the U.S., you can't just print more cash to add as an asset on the balance sheet. The

00:28:02.640 cash was the problem in the first place. So we're talking about gold. Gold is there.

00:28:07.280 They have the Gold Standard Restoration Act prepped and ready to go. The U.S. will be introducing

00:28:12.600 this and they have to stabilize that treasury number.

00:28:15.720 Or a version of it. So Jerry, as we, as we wind down here, did we get to some of your

00:28:20.600 papers?

00:28:20.920 I don't know. Let me look through.

00:28:21.700 Did we get the most of them?

00:28:22.500 Let me see here.

00:28:24.620 Um, well, I mean, we've covered a lot of ground this week and, uh, we'll continue to

00:28:29.080 bring more to the table. There's always lots of new things happening in the market and

00:28:33.440 we like catching all of these wins. A lot of these symptoms and symbols of, or signals

00:28:39.840 rather of the gold revaluation and that the demand for silver and where we see the prices

00:28:46.260 headed that are supporting all of these arguments that you're hearing. So if you like what you're

00:28:50.260 hearing, you can get ahold of us and we can walk you through the markets. We love holding

00:28:54.880 people's hands and teaching them how to get involved in registered accounts, how it works.

00:29:00.240 We help clients open their accounts. We help them with their funding, with their transfers.

00:29:04.320 We're helping them track the whole process. And then their tailor, uh, tailored purchases

00:29:09.600 where we're helping clients figure out what's going to work best for them for today and into

00:29:14.580 the future. So we love helping and having those types of conversations with our clients. And of

00:29:19.340 course it doesn't end there. There's always conversations along the way. Clients will bat

00:29:23.440 ideas. They might, um, see an article and want to discuss it. So we're all, our doors are always

00:29:28.660 open. Our phones are always on, um, ready to take your calls. And, uh, that's it for another

00:29:33.840 episode of the real money show. We want to thank you for joining and we can't wait to speak to you

00:29:38.080 next week here on the real money show.

Rebel News Podcast - November 29, 2025

SPONSOR ｜ Tether’s gold grab is a no-brainer for crypto giant

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