Valuetainment - January 31, 2026


"All Time Trust Deficit" - Media & Government Distrust Is KILLING The Dollar And IGNITING Gold


Episode Stats

Length

16 minutes

Words per Minute

196.12827

Word Count

3,215

Sentence Count

10

Hate Speech Sentences

1


Summary

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

What's going on with gold? Why is it so cheap and why does it matter to the average person? What does it mean for the economy and what does it tell us about the future of the dollar?

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 it is pretty wild what's going on with gold so by the way five years ago Rob can you can you ask
00:00:06.360 what was a price of a kilo of gold in 2020 price of kilo of gold in January of 2020 okay I used to
00:00:18.640 buy these kilos of gold and I look at the price Tom Tom look at the price we used to buy these
00:00:25.440 kilos of gold in 2020 January six years ago and we would run contests and the winners would get a
00:00:33.740 kilo of gold which is what 50,000 dollars you remember this 2.2 pounds it was it was a phenomenal
00:00:39.760 exercise guys would love it but they would say it's just gold who cares about gold okay do you know
00:00:48.400 at the time when we would buy this the price of gold was 1582 this is just 16 six years ago not
00:00:56.760 16 years ago six years ago you know how much gold hit this morning Rob can you pull up how much the
00:01:01.700 price of gold is this morning price of gold this morning is fifty three hundred dollars which means
00:01:08.620 that fifty thousand dollar bar of gold that we would buy in January of 2020 Rob what is it worth
00:01:14.820 today can you ask the question what is the what is the price of kilo of gold today kilo of gold
00:01:22.500 today look at the price from 50k to 170,000 dollars to all the people we gave this gold to like I said
00:01:32.480 earlier I hope you kept it okay I hope you kept it I hope you set it aside somewhat well let me read
00:01:38.000 this story to you anyways dollar sinks to a four month low and gold soars past 5,000 as yen leaps Rob I
00:01:45.640 think you got a clip on this one here go for it value of the dollar do you think it's declined too much
00:01:51.580 no I think it's great I mean the value of the dollar look at the business we're doing no dollars
00:01:56.300 dollars doing great you know it's very interesting if you look at China and Japan I used to fight like
00:02:02.580 hell with them because they always wanted to devalue their yen you know that's the yen and the
00:02:07.460 one and they'd always want to devalue it they devalue devalue devalue and I said not fair that
00:02:13.680 you devalue because it's hard to compete when they devalue but they always fought no our dollars
00:02:18.920 okay so Tom what what does this mean what does this mean with gold and Brandon what does it mean
00:02:24.340 I'll come to you first yes silver is even moving faster than gold but what does all this stuff mean to
00:02:28.500 the average person uh so first of all really interesting thing uh what Trump said there this
00:02:32.900 is uh like high level macro stuff the concept of devaluing your currency makes it basically more
00:02:38.200 attractive for other countries to buy things from you because it's uh it's cheaper so you know he's
00:02:43.080 trying to make our our goods and services more attractive to other countries so like he said he
00:02:46.380 would get upset when China would do what we're doing right now so you know that like the fact that
00:02:50.280 we're lowering our interest rates as other countries are increasing their interest rates that's why the
00:02:54.120 dollar is getting lower and when the dollar goes lower pretty much all asset prices go up
00:02:58.140 and definitely gold and silver in a much higher way but the interesting thing is that the that's
00:03:03.140 fascinating to me is that the banks are allowing it to happen because it's been a thing for a long
00:03:07.240 time that all evidence in my view points to the fact that the banks were suppressing the price of
00:03:13.320 gold and silver because it's been flat for a long time a long time yeah and like the the if you look at
00:03:19.520 a chart of them to money supply from 1971 when we go off the gold standard versus the price of gold
00:03:23.700 there's a big difference in the rate of which the m2 money supply goes up versus the price of gold
00:03:28.060 like they should be proportionate to each other so i think if the the price of gold was
00:03:32.040 proportionate to the amount of money that was created after the gold standard you could be talking
00:03:35.800 10 20 30 000 um instead of 50 300 so i just think it's interesting that the banks are allowing
00:03:42.720 it to happen because they are fully in control of keeping the price down you know with their um
00:03:46.160 their short contracts they used to hammer it down especially uh i remember in 2020 when they
00:03:50.680 tried to do the silver squeeze they hammered the price down but uh the silver one is probably even
00:03:55.320 more concerning to the government than the golden because silver it's an industrial metal not just
00:03:59.140 an investment metal like silver is an input in everything like from you know missiles to satellites
00:04:03.340 to um evs uh all electronics so the thing about what that does to input prices when you're
00:04:10.520 building when you're manufacturing things so that's serious stuff tom your thoughts so i think
00:04:16.720 whenever you see precious metal goes up it means that there is more faith and more demand for the
00:04:22.660 precious metal as an investment than the u.s dollar but with the u.s dollar being cheap it means it's
00:04:28.520 very expensive for uh i'll tell you the best way to look at it um if you've ever gone to a foreign
00:04:34.340 country and and not just buying food or paying for your hotel buy something you know you go to italy and
00:04:44.580 you buy a fashionable shirt and you you go wow in euros this this seems more than what i'd pay for a
00:04:52.360 fashionable shirt in the u.s yep how much is this in dollars really two hundred dollars in the u.s i
00:04:58.920 could get this shirt for like 150 bucks 140 bucks something like this there you go that's where you
00:05:05.200 can see the value of your currency so right now it's expensive for u.s citizens to go abroad and pay for
00:05:13.580 food lodging and things that you might want to buy it is not expensive for people to come here so on
00:05:22.000 people come here on the euro what's a euro dollar right now rob you can do that real quick um i think
00:05:27.560 it's 80 cents or something 119 and flip it the other way
00:05:31.560 uh yeah 80 cents 84 cents so it's less expensive than to come that's what happens that's what goes on
00:05:44.540 but what this also means it's less expensive for other countries to buy from us and for us to export
00:05:50.700 to them so that is actually a benefit so you have these benefits going back and forth right now the
00:05:59.300 people that bought invested in gold they're getting a tremendous return and a tremendous paper value
00:06:05.460 until they sell it and if they sell it right now they're realizing that value and right now it's
00:06:10.560 expensive for people with the dollar to go elsewhere or to buy things abroad and it's less expensive for
00:06:17.480 people to buy things from us like all the oil that we're producing and the natural gas that we're
00:06:23.060 producing brad i think when trust goes down uh the value of gold goes up you know right now there's
00:06:33.880 wars and rumors of wars you know there's major things going on people do not trust the the government
00:06:41.180 let alone the dollar and i think but how come that didn't happen during covid why because they
00:06:47.120 printed 80 of the money and started giving it away to everybody so shouldn't that then increase the
00:06:52.380 value of gold well if we were all intelligent yes look what happened to crypto though i think the money
00:06:58.880 that should have went to go went to crypto during covid because crypto went astronomical during um
00:07:02.780 during covid right and there was like a it felt like a concerted effort to like on cnbc and whatnot to
00:07:08.080 talk people out of gold and silver and there's the banks short selling the hell out of it like
00:07:12.240 there's a lot of times a paper trail of that but that's why it's interesting to me that they're
00:07:15.420 letting it happen now because i think they could control it and stop it from happening if they
00:07:18.560 wanted to bad enough but the central banks for the first time they have um more gold than bonds on
00:07:23.600 their books so i think that now they're in a position because i remember in the big short when they
00:07:26.860 said they wouldn't let the credit default swaps price properly until they were positioned i think it's
00:07:30.960 like that what a coincidence yeah but when trust drops i think gold goes up just because of that and i
00:07:37.760 think we're at all time trust deficit you know there's there's uh unpack that for me there's
00:07:45.440 just a lot of stuff going on where people aren't trusting anymore you know you you see it all over
00:07:51.080 you know no one trusts the media you know nobody trusts the news can you imagine nobody believes the
00:07:57.700 news or at least a lot of people don't or starting not to i think they call it wake waking up they know
00:08:04.760 we're being swindled i mean we the the gov i'm not a conspiracy theorist but i do believe that the
00:08:10.520 that the government treats us like a business and and when they should treat us like the customer
00:08:15.720 they're treating us like the product so like you know people are waking up to it and i think
00:08:21.460 people invest in gold when the dollar's you know untrustworthy would you buy more gold today i
00:08:28.260 wouldn't because if this crap hits the fan patrick gold's what do you want to borrow gold for your
00:08:34.100 water no i want water guns and ammo i think that's what i would invest in if i thought things were
00:08:40.380 really going to crash would you buy more gold today i'm not at 5 000 would you buy more gold today
00:08:47.280 uh very slowly maybe i mean uh yeah i think it's good to have like at least seven to ten percent of
00:08:53.660 your whole portfolio and gold or silver what's more likely to happen the next 10 years bitcoin
00:08:57.980 goes to a million or gold goes to 50 000 gold's 50 000 because i have no idea what's gonna happen
00:09:02.680 with bitcoin like i think bitcoin is on track to go to 50 uh to go to a million quickly but can you run
00:09:07.420 a poll on that what's more likely to happen let's see what the audience says gold going to what's more
00:09:12.740 likely to happen the next 10 years gold going to 50k bitcoin going to 1 million continue i think a
00:09:20.940 scandalous thing could happen with bitcoin i think less than the 50 chance maybe even less than the
00:09:25.360 10 chance but still don't know who made it so i think there's still like that possibility that it
00:09:30.120 could all go up into flames because it's still a pretty new thing you think so i mean less than
00:09:34.620 more than zero percent chance yes so so your more gold is likely to go to 50k the next 10 years than
00:09:40.260 bitcoin to a million it's been around a thousand years i'm i'm on the bitcoin side there you have got
00:09:46.280 um governments and banks suddenly saying things about bitcoin that charlie munger 12 years ago said
00:09:56.560 it was rat poison and remember that famous quote famous speech what do you think about it i don't
00:10:02.540 think it's just poison i think it's rat poison and you know i have a lot of respect for charlie but
00:10:07.980 that was the prevailing thinking of the day by central banks and banks now all of a sudden oh
00:10:13.860 vanguard allows you to buy you know bitcoin etfs and to put in a an investment account oh it's okay
00:10:23.580 now to have bitcoin etfs and 401ks which are regulated it's okay to have an iris which are less
00:10:30.920 regulated but it's a rules-based investment um account and so now you can buy bitcoin etfs for that
00:10:37.600 i see bitcoin getting adopted more and more by the mainstream and so at some point in time you know
00:10:46.880 it it kind of crosses and it's living in the world of fixed set so it's going to be a fixed set and fixed
00:10:56.040 supply right we how many bitcoins have already been established the minute they print more bitcoin
00:11:02.860 or they allow it now you're fiat right now you're like the dollar what's the number 21 million or
00:11:09.220 whatever the number they believe isn't that right that there's only 21 million bitcoins right that
00:11:13.180 have to be slowly mined and pulled into into circulation oh they do that i mean the market
00:11:18.240 the critics would lose their mind brad where are you at if you look at the poll right now it's 50 50
00:11:23.780 they're saying it's more likely ghost cool wow gold goes to 50k and bitcoin goes to a million in the next 10
00:11:31.100 years well i would say that you probably have an older demographic then bitcoin is is going to a
00:11:38.720 million is far more likely next 10 years yeah for sure i think in the next three to five question i got
00:11:47.540 is when has gold ever 10x in a decade the 70s or 80s whenever that but that's not that's not 10xing
00:11:54.340 that's called it went from like it was 35 because they set that price and then after nixon 72 they
00:12:00.540 opened it up so i don't know if that really counts it went to like 800 bucks i totally get it but it's
00:12:05.640 a different it was worth 800 bucks yeah but the government had you know kept it under control
00:12:10.740 because we everything was based off the gold standard we got off the gold standard right bit bitcoin
00:12:16.400 cannot be recreated it's it's limited and because of that you know i think the the bet is on bitcoin
00:12:24.360 and and not to mention i think when they replace our financial system it's going to rely on crypto
00:12:31.800 wouldn't you i i i agree so i've heard you say a couple things you said wars and rumors of wars and
00:12:38.720 replacing the financial system so i think at our core we probably believe how this game's going to play
00:12:43.980 out and the ultimate crash in a year of jubilee and then you need a new system i'm on that same page
00:12:49.940 and i think the power if i'm reading you yeah and i think the powers that be know it the question is is
00:12:54.820 how long will it take and i think within 10 years it will be and that would push bitcoin to to over a
00:13:01.520 million folks uh once a year we host an event um called the sales leadership summit that event is
00:13:09.440 coming up in the next two months it'll be in south florida at trump dorrell and it's for those of you
00:13:17.240 that run a business because sales is king most people don't understand the power of developing
00:13:22.200 sales leaders that develop sales people this video will break down what's happening at sls and
00:13:27.760 hopefully those of you guys that are doing a million plus you'll get a chance to get a ticket
00:13:31.420 for yourself go ahead rob play the clip so many years ago i realized the size of your income your
00:13:35.780 network your lifestyle is a pure reflection of the size of problems you solve so for me going back
00:13:41.600 20 some years ago i was a good salesperson i learned how to sell i knew if i ran three four appointments a
00:13:47.440 day i could sell two four six maybe eight insurance policies on a given day then i asked myself how do i
00:13:53.140 sell 50 in a day how do i sell 100 in a day there's no way i can do it by myself i have to solve a big
00:13:58.660 problem and go from being a salesperson to being a sales leader by the way it is very different being a
00:14:04.360 salesperson than being a sales leader that's a massive problem to try to solve what happened
00:14:09.040 later on i went from selling two to three policies a day personally to eventually we sold one million
00:14:15.440 insurance policies with our company and we sold that company for 250 million dollars three years ago
00:14:20.980 licensing 60 000 insurance agents we solved a massive problem got paid massively let me bring it back to
00:14:28.520 you in america today according to the bureau of labor statistics we have 13.4 million salespeople
00:14:34.240 in america that go out selling every day working for commission we have 132 000 vp of sales according
00:14:39.720 to linkedin and we have roughly 8 000 chief sales officers in america now when it comes down to
00:14:45.180 putting the hat on of being a sales leader it's a very different accountability tough conversations
00:14:50.520 challenging transferring your knowledge on how to get referrals how to follow up on leads how to
00:14:56.200 properly follow up where you don't offend the person the script you use when you dm versus when you
00:15:00.620 email which is when you make a phone call how to give better presentations the types of phone calls
00:15:04.820 to make the types of contests to run how to hold them accountable and drive them and not upset them
00:15:09.580 and they still want to come how do you steer competition all of this are things companies that
00:15:15.760 solve big problems that become multi-billion dollar companies do so once a year i host a conference
00:15:21.100 called a sales leadership summit this happens once a year to attend this you need to do a minimum
00:15:27.260 of a million dollars a year and have five sales people that report to you if you want to join us
00:15:33.400 at this year's sales leadership summit that happens end of march we'll go through a 200 page manual
00:15:38.460 together on how to go through a through z of being a great sales leader click on the link below fill out
00:15:44.140 the information one of our representatives from the david consulting will reach out to you and tell you
00:15:48.800 more about the sales leadership summit rob what is the uh website to go to this do we have it in the link
00:15:54.460 we do it's in the description it's also in a pin to the chat can you click on a link just to see
00:15:59.640 what it looks like so everybody sees it so go if that's you click on a link we'll spend two days
00:16:04.280 together at trump doral and we go through a through z and it's a great place to network with other
00:16:09.040 performers that are also doing well there you have it so what's the website call rob sls.betdavidconsulting.com
00:16:16.100 beautiful all right fantastic if you enjoy this video you want to watch more videos like this click here
00:16:20.700 and if you want to watch the entire podcast click here