Rebel News Podcast - September 19, 2026


The Fed hiked rates and gold shrugged it off | Presented by Guildhall Wealth

EZRA LEVANT | Carney applauded in Europe as Canadians await answers on EU associate membership

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Length

29 minutes

Words per minute

160.6

Word count

4,702

Sentence count

303

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Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 If you cannot hold it, you don't own it.
00:00:05.960 Central banks have been buying gold like crazy.
00:00:08.140 Value your wealth in ounces versus depreciating currencies.
00:00:16.400 Welcome to another edition of The Real Money Show.
00:00:19.080 This week, we saw the Federal Reserve raise interest rates.
00:00:22.700 We might get into a little bit of a discussion on that specifically.
00:00:25.900 Japan also raised interest rates.
00:00:28.000 the dollar is up. Gold and silver are also up. They've erased all of their losses that we saw
00:00:35.560 earlier in the week. We're recording the show today on Friday, September 18th. So Jerry,
00:00:41.340 it definitely seems that something in the market has changed. We have a few factors that we're
00:00:46.320 going to look at outside of interest rates, but what did you see that signaled a change with
00:00:52.680 regard to interest rates rising and yet gold and silver shrugged it off and kept going?
00:00:57.360 Look at that. It was a news-heavy week with rate hikes from the states. They raised a quarter point. Japan raising a quarter point. Talking about those two risk factors, the yen carry trade potentially blowing up, those yields starting to spike.
00:01:13.060 Like yields are a precursor, a flashing yield over 5.3 signals, liquidity issues and problems with the bonds.
00:01:22.120 So Fed rose interest rates when Besson said, we're going to be growing our way out of inflation.
00:01:28.560 We'll grow our way into growth.
00:01:31.700 But we had a threat.
00:01:33.000 When the Fed was threatened by Donald Trump, President Trump, you better cut those rates.
00:01:40.380 And if you don't cut, we're going to go to a trade war.
00:01:42.580 So Warsh raised rates. We call it defiance, but could it be just a part of the show and definitely the popcorn is popping?
00:01:52.680 The independents, we can get into that. My question for you, though, is if they didn't, you have inflation, gold and silver rise. Are you saying that gold and silver are potentially rising now because the servicing of the debt just got worse?
00:02:11.040 So now you're into a perpetual debt spiral because you're increasing the cost of your own debt now. Is that part of why gold and silver are going up? They're signaling that we know this game is over.
00:02:22.680 Yes. And RBC did mention that in one of their reports most recently.
00:02:27.420 Oh, look at that.
00:02:28.360 So they say the big gold drivers-
00:02:30.060 I don't even work at RBC.
00:02:31.000 Just plugging them in.
00:02:32.300 But I could be an associate member.
00:02:33.580 We could be an associate member. We all want this membership.
00:02:36.960 You just made it up.
00:02:38.020 That would be great.
00:02:39.000 Uncertainty, de-dollarization, debasement, concern-driven allocation. So this is the
00:02:43.360 reason why you're shifting away from paper-based assets because of the debasement cycle that we
00:02:48.500 have entered into. And this is a major shift when you start seeing banks removing, lowering their
00:02:53.940 reserves in treasuries, less paper, more gold. Gold has overtaken treasury. This is a major shift.
00:03:00.460 The drivers for gold may have been on pause, but they're definitely still intact, increasingly
00:03:06.820 behaving like money, as Vince Lancey said, in gold fix. So higher yields ultimately reinforce
00:03:14.860 long-term case for gold. But why does this matter? Investors today aren't simply just asking,
00:03:22.940 what interest rates can I earn? They're asking, what will the dollars I'm paid back in actually
00:03:30.060 be worth? So what's the purchasing power? Where is this going with our loony, especially here in
00:03:37.420 Canada? Well, listen, in registered accounts, we explain this to our clients all the time.
00:03:41.620 You know, to me, the game in registered accounts, RSPs, are you've deferred the income, so you've deferred paying out the income tax.
00:03:52.560 So what do you have to do now?
00:03:54.180 Well, first, you have to keep up with inflation, which let's say it's not 3%.
00:03:59.460 Let's say it's 10%.
00:04:00.480 So you want to get 10% a year.
00:04:02.180 And then you want to actually outrun the income tax that you deferred, right?
00:04:06.680 You want to be able to say, yeah, I've got that covered.
00:04:09.020 It didn't have to come out of my own pocket.
00:04:10.460 it came out of my earnings. So that means on the course of a decade, you need, in my mind,
00:04:17.900 about 130%, 135% to have what you get back out, the same purchasing power that you put in
00:04:26.460 and have everything paid for. If you beat that, even better. And that 35% is sort of fixed,
00:04:34.020 depends on how much you've earned. But that means over a course of a 20-year period,
00:04:38.600 you're looking at 230%. And we have people within 10 years that are up more than 250%.
00:04:45.020 So we're very proud of that, that we understood the premise that gold was finite, silver was
00:04:51.700 finite, that they would keep up with inflation. And I think more and more people are starting
00:04:57.200 to understand it's the return of the purchasing power that they're interested in. So maybe that's
00:05:02.880 part of it. Let's move on to another piece of news in this market. We've talked in the past
00:05:08.500 about Tether, but some very interesting news happened this week about Tether. Do you want
00:05:14.160 to tell us how it's expanded its portfolio a little bit?
00:05:18.560 So I think it all started when the Genius Act was tabled when the US Treasury Department
00:05:24.460 had to look into their holdings. Their prospectus says that Tether, which is the US dollar in
00:05:32.020 digital format if you trade cryptocurrencies. It's the largest stable coin. What provides the
00:05:38.420 stability? What's backing it up? It says it's one-to-one with the treasuries. Was it? There
00:05:42.740 could be an audit. So off to the races, Tether went and started to acquire collateral. What
00:05:48.860 was the collateral that they were going for to back up this digital tether? They went after the
00:05:55.280 gold, the largest market in the world. Gold bears the number one market cap for liquidity and its
00:06:01.140 money. So they went and were the number one purchasers of gold last year. So this was a big
00:06:08.220 question. What are they getting into this? First of all, this is a company. We usually talk about
00:06:13.660 countries and their central banks owning gold. People diversifying to get an escape hatch
00:06:21.200 and an escape strategy. Well, yeah, because the reason why central banks really, since 2008,
00:06:28.780 They've become net buyers. But really, since 2022, when the bond market got weaponized,
00:06:37.360 central bank said, okay, it's now becoming national security. We need to own actual
00:06:41.920 physical gold. I guess because the world is becoming increasingly dangerous and divided.
00:06:48.820 But I digress. Go on.
00:06:51.880 Yeah, the trust has been the issue, the credibility, which has been divided. I mean,
00:06:56.380 And when you debauch the currency, eventually anything that operates in society eventually gets broken down.
00:07:05.280 And that's what we are witnessing today, unfortunately, here in Canada, begging to be an associate member of the union.
00:07:12.080 But it's liquidity that they're going for.
00:07:15.200 The question was, what's Tether owning this asset for?
00:07:20.480 And we're now seeing a buildup and a development on why they bought the gold.
00:07:25.280 What else are they doing? And it became news today, shocking news this morning, in fact, that we received a report from Vince Lancey's Gold Reports. This is what we do here at Guild. We subscribe to trends forecasters, economists, and we share this information with our viewers and listeners.
00:07:42.840 they're acquiring silver bullion and they're doing this through an affiliate from one of the
00:07:50.360 tethers affiliate companies this company is the sec filings show that they're in el salvador
00:07:56.820 and that they're owning physical silver bar bars and they're using these bars jeremy
00:08:02.640 they're not just sitting there on the ground anymore they're putting them to work so this is a
00:08:07.640 a buildup of the template for the new banking system that we're seeing.
00:08:15.020 They are layering the collateral upon the digital format
00:08:18.940 outside of the digital SWIFT banking system
00:08:21.740 that has been used and weaponized over the last few years.
00:08:27.360 But it's doing a few things.
00:08:29.240 They're building real assets, collateral leases for liquidity,
00:08:33.240 which builds credit and they're boosting businesses.
00:08:37.800 So they're leasing these gold and silver bars out to a major company
00:08:42.760 and they're getting the financing that they need.
00:08:46.860 So let's just break this down.
00:08:49.340 They get the bonds.
00:08:51.160 They get the interest that they get on the bonds they use to buy gold.
00:08:55.660 Now they're leasing the gold to get additional liquidity to do what?
00:08:59.200 Buy more bonds?
00:09:00.400 It's almost like a micro strategy kind of thing.
00:09:03.240 But ultimately, what Vince Lancey was also saying is that they're becoming a bullion bank.
00:09:10.500 And this really grabbed our attention because in the past, we were very much scared of bullion banks, or we saw them as the evil side of the world because they were the ones who were manipulating the market all the time.
00:09:25.300 But Tether doesn't have a connection to the traditional financial markets.
00:09:30.540 No, it doesn't have to.
00:09:33.240 the reason why there was a big, I guess since 1971, just a campaign to keep people away,
00:09:40.280 keep you and I away from physical. I was actually told by my own financial planner,
00:09:44.620 why would you want to buy something that doesn't bear any yield? I did. I pulled my money away and
00:09:49.380 I wish I didn't have to do that. I broke my RRSP at the time and I bought myself some physical
00:09:54.260 gold, but I digress. You don't have to do that now. You can call us because we do that. That's
00:10:01.360 what we do. We do physical gold in registered accounts, fully allocated, segregated. You can
00:10:06.260 go to visit your product, personally audit it. You own it. There's not a promise of it. It's
00:10:11.100 actual asset ownership. Yes. So you can give us a call and we'll show you how to get it into your
00:10:15.820 registered account. You have to. I digress. No, Jeremy, you're absolutely right. We were the
00:10:20.780 pioneers back in 2015. Jeremy was actually the architect behind it. So we understand the reasons
00:10:26.280 why and where the trends are but with this new development we have tether a company on the
00:10:32.860 blockchain that you you will eventually be able to bank on you're growing your business they're
00:10:38.580 funding their businesses through the use of gold and silver being used as collateral this is the
00:10:43.940 very same strategy or the uh the the plan and what's being what's happening with the bricks
00:10:51.200 When you have the network of vaults throughout Africa all the way to East Asia, you're pledging your gold in the vault.
00:10:59.160 You can get financing off of the gold, no longer needing the IMF, no longer needing the World Bank, no longer needing this SWIFT banking system.
00:11:07.840 The change that we're seeing happening here is a development of the industry, a development of the infrastructure for the gold and silver market.
00:11:21.200 And so what the moves you're seeing in Tether are one example of it, but you're seeing lots
00:11:25.800 of examples of it around the world.
00:11:28.040 And we bring it, we discuss it on the show a lot.
00:11:31.520 So let's move on to the next.
00:11:34.620 I had one more point.
00:11:35.980 So the reason why this is a major development for us, this is a complete contrast to the
00:11:42.520 banking system that we have right now that relies on our money to be kept in the bank.
00:11:47.700 The banking system right now is based on debt.
00:11:50.320 It's a debt-based financial system based on your funds used as their collateral so that they can get the financing to maybe pay for an associate membership in Europe, for example, or sending funds around the world and wiring here and there without your vote on it.
00:12:08.360 So this type of system, because the collateral is gold and silver, you are free.
00:12:14.940 You can go into the bank if you'd like, or you may not have to use the bank.
00:12:17.840 This is a complete alternative where the taxpayer or the holder is no longer an unsecured creditor at the bank.
00:12:25.880 So this is an end to this fiat fractional banking system.
00:12:30.500 So you know, it sort of clarifies the reason why there's been a campaign and fear mongering against the gold market, calling us gold bugs.
00:12:42.160 Well, because the system of fiat currency and the theft through inflation can't happen if you own an asset like gold.
00:12:49.800 So they had to vilify gold for decades and get people off of gold.
00:12:53.940 Now people are worried that the government is going to confiscate when the banks are stealing 7% through inflation.
00:13:00.860 No problem.
00:13:01.760 Right.
00:13:02.400 And it's getting from everybody, whether you like gold or not.
00:13:05.580 Correct.
00:13:06.140 Let's talk about the supply issue.
00:13:08.400 So one of the other big pieces of news that we saw this week was that Samsung, who had created this battery technology that puts a kilo of silver into this battery, well, they're going to start production on this quite shortly.
00:13:23.940 And it's just another example of an actual event appearing.
00:13:28.100 It's no longer just academic theory that, oh, they're going to use silver in these new technologies.
00:13:33.960 No, that time is here.
00:13:35.700 They've had to acquire the silver.
00:13:37.700 They're going to start those batteries, and we'll see what the sales look like.
00:13:41.020 But this leads to something else, which is that you have a deficit in the mining,
00:13:49.480 and you have very little development to push that mining forward.
00:13:53.380 So people like Nomi Prins, who's an economist, she worked at Goldman Sachs, she worked at Bear Stearns, she wrote an incredible book called Collusion about central banks who were front and center this week.
00:14:06.000 She's still calling for $6,000 gold this year.
00:14:08.960 She's still calling for $120 silver this year.
00:14:12.180 And she's even calling for $200 to $300 silver going forward because of this supply-demand issue stemming from the lack of mines supply, but also what's happening with new technologies.
00:14:28.360 It's coming on all fronts.
00:14:29.800 When you have a converging, when you have the fundamentals for silver, silver was traditionally, I guess, here in the West, as just an industrial metal.
00:14:39.380 But it's being reintroduced as a monetary metal through Tether, through Tether's demand now.
00:14:45.920 Countries holding silver in reserves, the original money.
00:14:50.480 Putting it in insurance, insurance companies in China get to have it.
00:14:54.020 I heard something that in the US, insurance companies are starting to look for it.
00:14:58.300 I know in India, you can go to the bank and borrow against your silver, I believe.
00:15:03.620 So it is more and more just the idea of a tier one asset is starting to come again.
00:15:12.100 It's building up that infrastructure for it.
00:15:14.320 Yes.
00:15:14.640 And I think there is an argument for silver to be included as a tier one asset class.
00:15:19.820 I definitely do believe it can.
00:15:21.240 um you know we call this show the real money show because it was an original thought a theory and
00:15:27.860 the philosophy from aristotle who came up with the five characteristics of what money is and
00:15:33.700 money must be divisible portable durable recognizable and scarce and it's intrinsic
00:15:39.300 in value it always has had value you know proverbs 11 one talks about um you know false
00:15:46.200 weights and measures upon a currency will ultimately always fail and that's the problem
00:15:52.620 when we say well why did Voltaire said currencies will always currencies unbacked by gold and silver
00:15:58.560 will eventually fail well Voltaire was spot on all fiat currencies the Canadian dollar especially
00:16:05.020 the most shorted currency right now is the Canadian dollar not a good boat to be in Jeremy
00:16:11.540 I mean, it's a leaking, it's probably the Titanic, considering how rapidly the currency has lost its purchasing power over the last five years.
00:16:20.620 And they will continue to print.
00:16:22.380 I think that goes back to, you know, you can gum up headlines and say, oh, I want to be an associate member of this, and I'm planning on this, and I'm hoping for that, and we have all these plans.
00:16:34.100 But ultimately, people care about money in their pocket, right?
00:16:37.920 Do you have jobs coming in?
00:16:39.220 Do people trust investing in your country?
00:16:42.720 And we don't see that right now.
00:16:44.380 We see jobs being lost.
00:16:46.180 We see productivity being lost.
00:16:48.200 We see, why are you making a deal over here?
00:16:53.480 That's not an issue on your sovereignty.
00:16:55.540 But if you make a deal over here, it is questioning your sovereignty.
00:17:00.820 These hypocrisies don't make any sense.
00:17:02.780 And ultimately, I think people sitting at home are saying, what matters most to me is
00:17:08.920 that my costs stop rising, that my opportunities start growing, that my kid doesn't have to go
00:17:16.400 move to the United States to find a job because he's not a minority, right?
00:17:24.660 So Canadians are going to become a lot more concerned about the value of their currency
00:17:32.280 and the purchasing power of their currency. And this week, proof is in the pudding. Gold and
00:17:38.160 silver are up not only in US dollars, but because of the exchange rate, they're up against the
00:17:44.080 Canadian dollar as well. This has been the case. If you go to goldprice.org, maybe we'll put it up
00:17:49.360 on the screen, or just go to goldprice.org, you'll see that over the last 15 years, there's only been
00:17:55.140 two down years of gold in Canadian dollars. It's been up in that currency consistently for 15
00:18:02.200 years. You'd have to go back to 2002 to find another down year that was something like 2%.
00:18:07.080 percent. That's negligible. What is the moral of the story? The moral of the story is that you
00:18:15.380 don't have control over the printing press here in Canada. You don't have control over how much
00:18:22.040 money they want to print, spend, go into deficit, borrow from your pension. You have no control over
00:18:29.200 any of it and yet gold and silver are finite universal neutral and you can own it right it's
00:18:39.200 still legal to own gold and silver you know what it is jeremy what it's your unsubscribe button
00:18:45.440 if you've had enough of what you're seeing over and over and your vote doesn't even work
00:18:51.520 and you're not seeing the results you're hearing a lot of promises but you're not you're seeing
00:18:56.780 fruitlessness and zero fruit, zero harvest here in Canada. We were number one in the 80s
00:19:05.700 in silver mining. We are still number four in gold mining. We're number four in oil mining.
00:19:13.500 We should be the richest and most wealthiest nation in the world if we had a strategic reserve.
00:19:20.560 We have nothing. The Canadian government has built nothing over the last 10 years. Over a trillion dollars has fleed this country because of the policies. And to say that, hey, this is just a stupid government. No, well, at some point, we have to come to the edge and say, you know what, this is almost a controlled demolition here in Canada. This is your unsubscribe button.
00:19:45.460 Yeah. Gold allows you to unsubscribe. And if you like what you're hearing, you should subscribe.
00:19:51.620 Absolutely.
00:19:52.660 No, look, ultimately, I think that what we're talking about here today is we're showing that
00:19:57.280 gold's infrastructure continues to grow. Its usefulness continues to grow. It's a rediscovering,
00:20:05.520 it's a renaissance of why gold was always used in the first place. You talked about
00:20:10.760 the tenants of money, the characteristics of money. Gold hasn't changed. It was covered over
00:20:17.280 for a little while. You just needed a little Indiana Jones and be able to see what's underneath
00:20:25.180 and people are rediscovering it. It's coming up in the conversation again and again. We're tracking
00:20:33.160 everything that's happening around the world and we don't get it all and we don't always get it
00:20:37.720 right. But you can see time every single week, there's something new. And this week, I think
00:20:42.860 the biggest one was Tether showing that an affiliate of theirs that they now have is also
00:20:49.560 carrying it going forward as well with getting into the leasing business. But we talked a little
00:20:56.740 bit about the batteries. I saw this post I was telling you about Eric Trump in a Bitcoin mining
00:21:05.100 factory in Texas. And it was this brand new facility and just all the computers dinging.
00:21:11.760 And he was saying, we're mining 2% of the world's Bitcoin here every day. I believe that's what he
00:21:18.260 said. And you're looking back and you're saying, there's a lot of silver in those components. And
00:21:24.840 it adds into what Nomi Prins was talking about with the deficits. So she's calling for, again,
00:21:31.100 $200 to $300 in the longer term, $120 short term. And then we have Michael Oliver. Is he now
00:21:40.400 tripling down? He's now calling for over $500 silver. Did you catch that one?
00:21:45.880 We shared that on the Real Money Show previously here.
00:21:48.500 Oh, did we? Okay. Well, we brought it to the table. I mean, we filter through so much data
00:21:54.380 that we tend to repeat ourselves. We do sound like a broken record at times, but
00:21:59.100 these are trends that haven't gone away. At the beginning of the year, I mentioned the word of
00:22:04.940 the year will be collateral. And as we move forward into today, collateral is the number one
00:22:10.060 story. As the yields are rising, it's indicating that there's something going on with the bond.
00:22:14.260 The bond has to be the government's blue chip collateral on the balance sheet.
00:22:20.220 Well, fast forward to today, Treasury's forced to buy the bonds. It's not working. We're seeing
00:22:27.160 that these paper moves are proving to be futile. Shortly after, we had two senior Treasury guys
00:22:36.200 coming out to speak to CNBC last week, and they said, well, the Treasury has roughly $1 trillion
00:22:44.780 in the general account, which could potentially help fund the Treasury bond buybacks. And that
00:22:53.680 immediately piqued my attention because you mentioned the word balance sheet and you got me.
00:22:58.480 What else is sitting on the Treasury's balance sheet? You have gold and zero hedge-
00:23:03.680 Which is probably worth about a trillion now.
00:23:05.840 It's around a trillion. So zero hedge picked up-
00:23:08.400 They got two trillion.
00:23:10.000 Exactly.
00:23:10.800 So are they going to take the money at the Fed and buy gold with it? Buy another trillion dollars
00:23:16.880 worth of gold? Could they not be that overt?
00:23:19.760 I think they're going to be leaning towards what Zero Hedge and Tyler Durden believes
00:23:24.780 could be the development here. So we're following this trend. I'm following this. So Zero Hedge
00:23:30.340 has been pushing precisely this question. If America's gold right now is worth more than
00:23:35.720 a trillion in the markets, why continue accounting for it at $42 on the balance sheet? And what
00:23:42.460 happens if that dormant balance sheet figure value is monetized or revalued to today? From then,
00:23:53.140 back in the 40s, the Fed had to back up the Fed notes and Fed deposit liabilities. It's called
00:24:02.320 the gold cover rule of 1945, where whatever you printed, 25% had to be gold. Today, it only
00:24:15.200 represents 2%. So this revaluation must happen if we go back to that ratio, that 1945 rule.
00:24:23.120 If we have to back up... But do we have to go back to the rule? I mean,
00:24:26.060 come on we're moving forward not backwards right well this enables the world wants to wants progress
00:24:33.180 not go backwards well this this provides you with what tether was doing how did tether tether was
00:24:40.280 leasing gold so that financing could be met credit was offered to expand business actually i'm glad
00:24:47.500 you brought that up because um one of the things that vince lancey was discussing and i totally
00:24:52.280 agreed with what he was saying, is that Tether getting into this gold bank, bullion bank
00:25:01.700 business is it's providing another layer of liquidity and not having to depend on the
00:25:08.800 typical bullion banks that are connected to the financial system. And the more liquidity and
00:25:14.580 growth and infrastructures we discussed in this market, the less volatility you have, especially
00:25:19.740 in silver. And that's a good thing because it brings more investment to it. So who wants to
00:25:25.860 invest in something that's volatile? You can convince people, hey, listen, you could take
00:25:30.740 advantage of it, et cetera. But a lot of people won't do it. A lot of funds won't do it. A lot
00:25:36.060 of conservative banks or investors won't do it. So that can really be a big change overall.
00:25:43.400 Absolutely.
00:25:44.240 And then, of course, higher prices will do it too. And I think that ultimately,
00:25:48.500 and we've said this before, but seeing is believing. People are going to buy more silver
00:25:53.000 at $100 than they would at $65. You had people last week or earlier this week worried about where
00:25:59.660 the price of silver was going because it went down to $62, I think, at one point. We're back up to
00:26:05.160 $67. And all of a sudden, no clouds in the sky and we're knocking on the door of $70 and things
00:26:14.760 are fantastic again. So you've got to think a little bit ahead. And if you haven't purchased
00:26:20.920 or acquired any physical gold or silver before, we always recommend start small, put a little skin in
00:26:27.120 the game, see what it looks like to acquire some physical gold or physical silver. You can give us
00:26:32.260 a call at the office, set up an appointment, you can use our e-store. And it's a great way just to
00:26:39.320 start to get a sense of how different this market is because we often want to think of this as an
00:26:45.380 investment but it's not an investment yes it's going to go up in value it's going to go it's
00:26:50.080 going to hold purchasing power against devaluing currencies over time but it's an asset it's an
00:26:56.160 asset that you can hold for forever generationally or borrow against eventually um it's which is what
00:27:03.560 what Tether's doing. There's so much potential in this market, and we're so cheap compared to how
00:27:10.380 much money they've printed and how much debt is out there. They're over 100% debt to GDP in the
00:27:15.960 States. We're probably not far off that in Canada. So it's important to protect your wealth. And this
00:27:21.460 is definitely one of the ways that you can protect your purchasing powers to own gold and silver.
00:27:27.380 Yeah. This is your hedge against the loss of the Canadian dollars purchasing power. This is the
00:27:32.780 most safe asset class to be in right now, one that is very relevant. When you want things powered
00:27:38.500 by AI, silver powers AI. So whatever you write via AI, silver should be in that signature as well.
00:27:47.220 Silver is very relevant for your portfolio. It will diversify in this debasement cycle.
00:27:53.280 You have to ask, you know, people are more concerned about the return of their money than
00:27:58.460 the return on their money, especially when the yields are not keeping up with that fake rate
00:28:03.180 of inflation number, the CPI number, the 2.6 or whatever they want to say it is. If we go back to
00:28:08.200 the way it was calculated back in the 70s, you're in double digit territory. That's how much down
00:28:12.960 you're going every year. The game is not fair, but you have to play with historic rules, historic
00:28:18.980 proven assets that have stood the test of time. And gold and silver are just that. Gold and silver
00:28:24.400 For our money, you want to get in touch with Guildhall, follow us on YouTube, X, and give
00:28:30.080 us a call at 1-877-8-SILVER, and check us out, guildhallwealth.com.
00:28:35.440 It's a great show, Jeremy.
00:28:36.380 That does it.
00:28:36.980 For another edition of The Real Money Show, we want to thank you so much for taking the
00:28:40.840 time to join us today, and we can't wait to speak to you very soon here on The Real Money
00:28:45.960 Show.
00:28:54.400 Be sure to catch The Real Money Show every Saturday at 1 p.m. on Rebel News, where Jeremy
00:29:00.520 and I break down all of the happenings in the gold and the silver market. With our background
00:29:05.880 and over 20 years in the business, we specialize in physical precious metals. We cut through the
00:29:10.580 noise. We want real money on Real News. Tune in to The Real Money Show on Rebel News.