Episode 10: Smart Money Buys Gold | The Gold Show with Walt Philips

Transcript edited for clarity and readability.

Announcer

From the center of America's precious metals conversation. This is The Gold Show your source for insight on safeguarding wealth and uncertain times. Hosted by Walt Philips and brought to you by Reagan Gold Group, we help educate Americans on physical gold and silver, and the role precious metals can play in a diversified retirement strategy. To learn more. Call (800) 700-2221 two or visit GoldGoodLife.com. That's GoldGoodLife.com. Now here's your host Walt Philips.

Walt Philips

And welcome back to The Gold Show, folks. I am your host, Walt Philips. This broadcast is brought to you by my very good friends at the Reagan Gold Group. And folks, I want to start today a little differently. I want to just talk to you. Not at you, but talk to you the way I would if we were sitting across the table from each other with cups of coffee in our hands. Because I hear from a lot of people every single week good, hardworking people, people in their 60s, 70s and 80s, people who did everything right. They worked hard, they saved. They put their money where they were told to put it. They played by the rules their entire lives. And right now a lot of those people are scared, not because they did anything wrong, but because the world around them has stopped making sense.

They turn on the news and one channel tells them the economy is booming, and the other channel tells them that we're headed for a crash. They go to the grocery store and they can't believe what things costs. Now they look at their retirement accounts and they see the numbers bouncing around like a yo. They hear about the national debt, the inflation, the wars overseas, the political chaos in Washington. And they don't know who to trust. They don't know what's real. They don't know what to do. Now, if that's you, if you're sitting there right now feeling overwhelmed, feeling like the world has lost its mind, and frankly, a lot of us do. I want you to hear me when I say this. I understand, I hear you, and today I'm going to give you something that the financial news networks will never give you.

I'm going to give you clarity. But before we get into it, folks, I want you to grab a pen. Write this number down right now. 1-800-702-2212. That is the Reagan Gold Group again, folks. 1-800-702-2212. Or you can go to OwnRealGold.com. Again that is OwnRealGold.com. Fill out a few simple questions and someone from the Reagan Gold Group will call you right away. And by the end of this segment, you're going to understand exactly why you need to call that number. Now, real quick, folks, I want to get one piece of housekeeping out of the way. I'm not a financial advisor, but I am a guy who looks at the data, connects the dots, and tells you the truth that Wall Street doesn't want you to hear.

And the truth today is one of the most important things I have ever said on this show. And here is the clarity that I promised you. Here is the one thing I want you to take away from everything that I say today. We live in a world where almost nothing is consistent. The stock market goes up when the news is bad and down when the news is good. The government tells you inflation is under control, but your insurance premium just doubled and your property taxes went up 20%. The politicians in Washington can't agree on anything. The Federal Reserve raises rates, then cuts rates, then raises them again. Nobody knows what is coming next. The whole system feels like it's making it up as it goes along. And that inconsistency is exhausting.

It is disorienting. It is designed to keep you confused because a confused person doesn't act. A confused person stays exactly where they are, which is exactly where the system wants them. But here's the thing in the middle of all that chaos, there is one asset, just one. And that is never lied to you. That asset has never lied to you. It's never gone to zero. It is never been printed into oblivion that has never been bailed out by a government that has never needed a rescue package or a stimulus check to survive. And that's called gold and silver. Now think about what I just said. Every single fiat currency in the history of human civilization, every single one, has eventually failed.

The Roman denarius, the German Reichsmark, December Imbabura dollar, the Venezuelan boulevard. They all started the same way. A government said, trust us, this paper is worth something. And they all ended the same way. The government printed too much of it, and the paper went back to its true intrinsic value, which is zero. We have 247 years of American history, and in that time the dollar is lost over 97% of its purchasing power, 97%. The dollar you hold today is worth $0.03 compared to what it was worth when this country was founded. That's not an opinion. That is the math. And right now we're adding billions of dollars to our national debt every single day. The interest payments on that debt alone, not paying down a single dollar of what we owe, just the interest, now exceeds our entire national defense budget.

Let that sink in. We're spending more money just to service our debt than we are to protect our own country. Gold does not do any of that. Gold has been a store of value for 5000 years, 5000 years before the United States existed, before Rome existed, before the pyramids were built, gold was already being used as money, and it still is today. You know what? A Roman soldier was paid in gold. You know what that same amount of gold buys today? Not just the same thing. More a Roman legionaries monthly gold pay would have covered his tunic and sandals, a decent meal. That same amount of gold today does not just buy you the outfit. It covers the outfit, the shoes, the dinner and probably makes a dent in your mortgage payment as well.

Gold has not just held its value over 5000 years. It is grown. It is outpaced every paper currency ever created. While those currencies were being destroyed by the people who printed them. So here's the question that I want you to sit with. Do you want to hedge your future, your retirement, your legacy, everything you spent your life building on a fiat system that has a 100% failure rate throughout history? Or do you want to hedge your future on the one thing that has never failed? The one thing that has never lied? That's not a trick question, folks. That is the opportunity of a lifetime staring at you right in the face. Now, folks, if you were with me last week, right, you heard me talk about the 1975 moment.

I talked about how in 1974, when Americans were first allowed to own gold again, the price was around $200 an ounce, and then it dropped. It pulled back to around $100, and the public panicked. The people who bought a 200 could not sell fast enough at 100. Their brains work backwards. They bought. They bought high and sold low out of fear. And then gold went from $100 to $850 an ounce over the next five years. Now, I bring that up again today, not to repeat myself, but because we're living that exact same moment right now. Gold pulled back from its all time high of $5,589 in January. And right now I'm watching people freeze. I'm watching people hesitate. I'm watching the public do the same thing they did in 1975, and that's get scared at exactly the wrong moment.

And I don't want you to be that person. Not again. Now the opportunity is right in front of you. But opportunities don't wait, folks. And that is why I want you to call the Reagan Gold Group right now. Again, folks, that number is 1-800-702-2212. Or you can go to OwnRealGold.com, talk to a real person, find out how you can protect what you have built. Again 1-800-702-2212 or OwnRealGold.com. Keep listening, because what I'm about to share with you next is going to change the way that you see everything. Now, I'm not just asking you to take my word for it. I'm going to show you the receipts. So, folks, I was listening to an interview this week with Andy Shechtman. Now he is one of the most connected, plugged in people in the entire precious metals industry.

He sees the physical movement of metal across the globe. He talks to the mints, the refiners, the people moving literal tons of gold and silver. And he said something that every single person listening to this show needs to hear, and something that really stood out to me, he said, and I quote, the public got scared out and the smart money jumped in with both feet. That is what's happening right now. While the public is looking at the daily price action and getting nervous, the people who actually understand the fundamentals are loading up. And I'm not talking about small players. I'm talking about the biggest institutions on the planet. Central banks brought 289 tons of gold in the second quarter of 2026 alone. That is a record high.

These are the same institutions that print the paper money that you have in your wallet right now. They're taking their own paper profits and converting them into physical gold as fast as humanly possible. China imported 170 173% more silver in marks than their ten year historical average, 173% above average. They're not buying silver because they think it's pretty. They're buying it because they know the next century of industrial civilization, solar energy, electric vehicles, AI data centers, advanced medical technology. It all runs on silver folks, and they are positioning themselves to control that supply before the rest of the world wakes up. And then there's the European Central Bank. The ECB just released a reserve report confirming something that should have been front page news on every newspaper in America.

For the first time in modern history, gold has overtaken U. S. treasuries as the world's number one reserve asset. Gold now makes up 27% of global official reserves. US treasuries have fallen to 22%. Now the central banks of the world, the very institutions that manage the global economy, are now holding more wealth and physical gold than they are in the United States government debt. They're quietly dumping paper promises and buying physical reality. They're doing exactly what the smart money did in 1975. They're positioning themselves before the system breaks. And if you want to know where this is all heading, listen to what the analysts are saying. Pierre Larsen, co-founder of Franco Nevada, one of the most legendary names in the gold mining industry, is publicly calling for gold at $17,000 an ounce by 2030, he said 17,000 is the floor.

Jim Rickards, monetary economist, Wall Street attorney, bestselling author of The Currency Wars in the New Case for gold and a man who has advised the U. S. Department of Defense and Intelligence community on financial warfare, has said $10,000 gold by the end of this year would not surprise him with a long term target of $20,000 or higher. David Hunter of Contrarian Macro Advisors is calling for $20,000 gold and $1,000 silver, and even the big Wall Street banks, Wells Fargo, Bank of America are projecting gold to $6,000 or more by year's end.

Now, folks, I'm not here to tell you that gold is going to $20,000 next Tuesday. Nobody knows exactly when. Nobody can predict market. But here's what I do know. Gold has already gone from under $2,000 just a few years ago, to hitting an all time high of $5,589 in January of this year, it is already more than doubled, and the analysts who called that move are now saying the next leg is even bigger. Think about what that means for someone who acts today versus somebody who waits. If you're sitting on $100,000 in a paper IRA right now, a paper IRA that is subject to market crashes, inflation and the whims of Wall Street. And you roll that into a precious metals IRA, and gold moves to even half of what these analysts are projecting.

Your wealth does not just grow, it transforms the paper. IRA is at the mercy of the system. The precious metals IRA is protected from it. That is the difference. And that is the kind of move that creates generational wealth, the kind that changes your family's financial future for decades. And silver, David Morgan, known as the Silver Guru, one of the most respected silver analysts in the world, is saying north of $100 an ounce in the near term and potentially much, much higher after that, silver is still historically undervalued relative to gold.

The goal to silver ratio is completely out of whack with historical norms, and when silver catches up and it always catches up, the move is going to be fast and it's going to be violent. So let me ask you folks something. You just heard what the central banks are doing. You just heard what the ECB confirmed. You just heard what the biggest analysts in the world are projecting the most brilliant minds in the world, should I say. And gold is sitting near $4,000 an ounce right now. Which means if even the most conservative of these projections is right, the people who act today are going to look back on this moment as one of the best financial decisions that they ever made. So what are you waiting for? What is the sign that you need? Are you waiting for the dollar to somehow become the strongest currency on the planet again?

Newsflash folks, that ship has sailed a long time ago. Are you waiting for Washington to fix the national debt? I've been watching this for a long time, and I'm still waiting on that one. The central banks are not waiting. China is not waiting. The ECB is not waiting. They are acting right now. While you were listening to this, the smart money is moving. And the question is, are you call the Reagan Gold Group folks 1-800-702-2212 or go to OwnRealGold.com Find out how you can move part of your IRA or 401(k) into physical gold and silver, completely tax free and completely penalty free. The folks at Reagan Gold Group do everything for you again, folks. That's 1-800-702-2212. Now I know what some of you were thinking.

You're listening to me. You agree with the math. You see the inflation at the grocery store. You understand what the central banks are doing, and you want to protect your money. But you're thinking, Walt, all my money's tied up in an IRA. It's in my 401 from my old job. I can't touch it without paying massive taxes and penalties. And I hear that every single week and every single week, I have to tell people the same thing. That is the biggest myth in the financial world. And your broker loves that you believe it. Now here's the truth, folks. You can take the money in your existing IRA or your old four one and roll it over into a precious metals IRA.

You do not pay a diamond taxes to make the transfer. You do not pay a single penalty to the IRS. It is direct legal, government approved transfer from a paper account into a physical asset account. Instead of your retirement being backed by stocks and bonds, digital entries on a screen that can be wiped out in the market crash. It is backed by physical investment grade gold and silver real metal sitting in an IRS approved depository in your name. So why didn't your broker tell you about this? Why didn't the guy who manages your retirement account mention that this was an option? Because if you move your money into physical gold, he stops making fees on it. It's that simple.

He's not protecting your money. He's protecting his commission. They want you to think it's complicated. They want you to think it's a headache. They want you to stay exactly where you are bleeding purchasing power every single year so they can keep charging you fees to manage a portfolio that's losing to inflation. You know, I think about the people that are listening to this right now. A lot of you grew up in a different era, a simpler time. You remember when you could walk into a diner with your buddy, slide into a booth and get a milkshake for a quarter? A movie ticket cost you $0.50. You could take a date out for a night and come home with change in your pocket. That world made sense.

A dollar meant something. Nobody told you back then that the system was quietly being rigged against you. Nobody sat down and said, hey, every dollar you save is going to be worth less and less every single year. By design. You worked hard, you saved, you did everything right and the system moved the goalposts on you. That isn't your fault. But here's the thing, folks. You can do something about it right now. Today, you can stop letting them erode what you built, and you can put your wealth into something that is held its value since before this country even existed. The team at Reagan Gold Group does this every single day. You call them up, you tell them you have an IRA or an old 401.

They handle the paperwork. They talk to your current custodian. They set up the new account. They facilitate the transfer. You do not have to fight with your broker. You do not have to navigate the IRS tax code. They do the heavy lifting for you. And here's the best part. If you call them, talk it through and decide it's not the right move for you right now, you just say thank you and hang up.

That's it. No high pressure sales tactics, no harassment, just the facts. You need to make an informed decision about your own money. Think about the peace of mind that comes with making that move. Imagine waking up in the morning, turning on the news, seeing the stock market down a thousand points, seeing chaos overseas, seeing the politicians fighting in Washington and just turning the TV off with a smile on your face because you know your wealth has protected you know your retirement is secured in an asset that has never gone to 0 in 5000 years.

You're completely insulated from the madness. That is what a precious metals IRA gives you. It gives you your sanity back. Take control of your own retirement. Call the Reagan Gold Group right now again, folks. 1-800-702-2212. Or you can go to Find out how you can move part of your IRA or 401(k) into physical gold and silver, completely tax free and completely penalty free. Ask them about the tax free IRA rollover. It's the easiest thing in the world, I promise you. One call, one conversation. They handle the rest. Again. That's 1-800-702-2212 or OwnRealGold.com. Now we're coming to the end of this segment and I want to talk to you directly, just you and me, folks. I get fired up on this show. I raise my voice sometimes, and I know some people say, Walt, calm down, but I cannot calm down because I'm watching a slow motion train wreck and I'm watching good, hardworking people sitting on the tracks.

You did not work your entire life to spend your 70s worrying about the price of eggs you didn't sacrifice and save for decades, so that the Federal Reserve could print your purchasing power into oblivion. You did everything right. You played by the rules, you paid your taxes, you showed up every day, and the system is failing you. That people running the system are not coming to save you. The government is not going to suddenly balance the budget. The inflation is not going to magically disappear. The dollar is not going to regain the purchasing power it has been losing for 50 years. And I'm going to ask you one more time because I need this to land. What are you waiting for? Are you waiting for things to get worse before you act?

Because by the time it is obvious to everyone, the opportunity will be gone. The people who win in these moments are the ones who see it coming and act before the crowd does. That is you. You were listening to this right now for a reason. Do not walk away from this and do nothing. I want to talk about what you're leaving behind. You want to leave something for your kids? For your grandkids? You want the sacrifice to mean something beyond your own lifetime. What happens to that legacy when the dollar loses another 30% of its value over the next decade? What happens to that inheritance when the market crashes and takes half of it with it? Gold doesn't do that, folks.

Silver does not do that. Physical, precious metals have been the most reliable way to transfer wealth across generations. For 5000 years, the Romans used that. The Egyptians used it. Every civilization that ever built something worth passing down used gold and silver to protect it. You were not just buying gold for yourself. You're buying it for the people who come after you. And I'm not yelling at you. I'm talking to you like a friend who knows something that you need to hear. Want you to have peace of mind. I want you to sleep at night knowing that no matter what happens in Washington, no matter what the stock market does, no matter how much money the government prints, your wealth is anchored in something real, something that is never lied, something that has been consistent for 5000 years in a world that has forgotten what consistency even means.

Now, folks, pick up the phone, make the call. It is the easiest thing in the world, and it could be the most important financial decision that you ever make. Call the Reagan Gold Group 1-800-702-2212. Tell them that Walt sent you. Tell them that you want to know how to protect your IRA. It's a free call. There is no commitment, no pressure. The only risk, folks is doing nothing. Folks on Walt Philips do not go anywhere. In segment two. I am bringing Carl back on the show. The central banks, the ECB report analyst targets all of it. You're not going to want to miss what he has to say. I will be right back folks on The Gold Show and I'll see you very soon.

Back to The Gold Show. Folks, I am Walt Philips, and if you were with us in the first segment, I hope you are still sitting down because we covered a lot of ground. We talked about what Andy Shechtman is seeing on the ground. Record central bank buying record silver imports out of China, the biggest COMEX deliveries ever. We talked about the European Central Bank confirming for the first time in modern history that gold has overtaken U. S. treasuries as the world's number one reserve asset. We talked about the analyst, Wells Fargo, Bank of America, Pierre Larsen, Jim Rickards, David Hunter, all pointing to gold prices that would have sounded like science fiction just a few years ago. And we talked about what all of this means for you and your retirement. If you missed any of that. Do yourself a favor and find it. It is important.

It's the kind of information that can genuinely change the trajectory of your financial future. Now, before we get into it, folks, and I bring on my special guests for this part of the show. Write this number down for me one more time. 1-800-702-2212. Again, that is my friends at the Reagan Gold Group. That number is 1-800-702-2212. Or you can go to Owen Real Gold com. Keep it close because by the time this conversation is over, you're going to want to call it now real quick folks. I am not a financial advisor, but guess what? I have something even better for you. I have one of the top precious metals analysts in the entire country. My very good friend Carl, who all of you at home already know coming back on the show right now. Carl. Welcome back, my friend. Well, thanks so much for having me. I appreciate it, as always.

Absolutely. Absolutely, Carl. Always good to have you here, man. And listen, Carl, I just want to jump right into it because we covered a lot in the first segment. And I want to get your take on all of it. And here's what I laid out for the audience. Right. Just to catch you up to speed here, Andy Shechtman who you know, Carl is saying the pullback that we just saw in gold and silver was not a breakdown. It was a buying opportunity that the smart money seized with both feet. Central banks brought 289 tons of gold in the second quarter of 2026, a record China imported 173% more silver in March than their ten year historical average. And the ECB just confirmed that gold has overtaken U. S. treasuries as the world's number one reserve asset. 27% of global reserves in gold versus 22% in U. S. treasuries.

And then we have the analyst calls Carl like Wells Fargo at 61 to 6300 by year's end for gold. Pierre listened at 17,250 by 2030. Jim Rickards saying 10,000 this year wouldn't be a surprise to him. And David Hunter. This is the best of them all. A 20,000 gold and $1,000 silver long term. And Carl, so this is my question, buddy. When you look at all of that together, the central banks, the ECB report, the analysts target. What's your read on where we're at right now. And what does all this tell the person sitting at home with their retirement. Sitting in a paper account.

You know the rocket ships getting ready to take off. You know I mean you can't be in this position. And when you're watching, you know, these records being hit in the metals industry, you know, those numbers you just talked about? I mean, it's the writing's on the wall, you know? I mean, unfortunately, folks that are sitting at home, you know, we're going to get, you know, if you're not doing something, you're going to get left in the dust. Absolutely. You know, I mean, we can't you can't keep up this, you know, robbing Peter to pay Paul system that's been going on for all these years here in this country without some repercussions. And right now the repercussions are, you know, it's there. It's hitting you right in the face. I mean, and if it's not, you better open your eyes, folks.

You don't. You know, nobody's going to tell you to protect yourself. You know, these financial advisors and like I've said before, I mean, I got a lot of friends in that business. They're good people, but they're never going to tell you to do anything that doesn't benefit them. You know, it's time to, you know, get up and do something for yourself and protect your money, not, you know, the money that's yours that somebody else manages. You need to do something about it. Yeah. It's like, what do you always say, Carl? Like, if you if you have a car, what do you have car insurance. If you have, you know, a home. Home. That's always what you tell me. And you know, it's it's the truth.

100%. You ensure your house, you ensure your car, you ensure your health. This is your way to ensure your retirement. You know what I mean? None of us are getting any younger. How could you afford to take a hit or have it get, you know, gobbled up altogether and your retirement is gone? Yeah. And folks, the folks at home, you know, you know, they don't they don't have 5 or 10 years to wait to see if the stock market corrects or to see if this happens or see if that happens. You know, we have to look at the facts of what's going on right now. And everything is pointing towards physical metals, you know, with the sound money movement with, you know, gold and silver both becoming legal in states, Florida is definitely one of them.

You know, there's a whole movement right now behind metals. And, you know, the all of the arrows. Karl. All of the dots are connecting. And, you know, that's why I'm so passionate about what I do every single week is because I want the folks at home to understand that the dollar that they were used to in the 50s and 60s is not the same dollar today. You know, it's in fact, it's not like 90% less of a dollar, you know, and I'm sure you doubt the Dow, the doubt, the dollar, the. Dollar right now isn't even what it used to be ten years ago. Right, right.

About the 50s and 60s. I mean, yeah, that's obviously night and day, but just in the last decade or so, I mean, look at what's changed. Yeah. I mean, you can't I mean, you can't have this the dollar's lost a ton of value. It's going to you know, I mean he you there's only one way to get themselves out of this situation or Band-Aid this situation. And they're doing it. They're printing their way or trying to print their way. You know, about of this or with a Band-Aid on the situation to put them in a position where hopefully, you know, something's going to come and save them. But, you know, I just don't know what that something could be. You know what I mean? There's people that talk about it all the time. I hear customers say, hey, I hear there's going to be a possible, you know, currency revision. Yeah. Yep.

You know what happens if you got $100,000 and they, you know, it gets revised and it goes to 40 or 50 or 60,000, I don't know. But we're all going to get screwed here. You know, that's that's scary stuff. People better really wake up and see what's going on around us and take notice of it. Because if you don't do anything, you're going to get left behind. And you know the trains are going to run over your whatever you want to say. It just it's not going to be a good situation. And, you know, for folks like us, you know, in this business, seeing what we see every day and listening to folks every day, I mean, I talked to, you know, hundreds of people a week and everybody knows what's going on.

You know, the at least the folks that I'm talking to, they see it, you know, they have common sense. They know that we're in a tough, tough spot as a country. And, you know, it doesn't matter who's in office. I mean, it's many decades of abuse and, you know, just basically foolish spending. So, you know, there's only one way to protect it. The only thing that has that inverse relationship to the equities market, but more importantly, the US dollar that's gold and silver. Yeah I mean, listen, Carl, what you just laid out is exactly right. And I want to make sure that people at home really feel the weight of this. Because what we're witnessing, it's not a trend. It's a structural shift. Trends reverse structural shifts. Do not. The central banks of the world are not buying gold on the way up.

They're buying it on the way down. They're buying it when the paper price is getting suppressed and the retail investor panics. And that's not the behavior of someone who's who's worried about the price, right? That's the behavior of someone who knows exactly what they're accumulating and why. And they aren't trading gold, Carl. They're hoarding it. They're hoarding gold right now while it's down. And that's something that I know you and I have both tried to, you know, until we're blue in the face, try to get across the people, you know, you on the side of, you know, you know, running the company that you do and me on the radio. But, you know, the, the most confusing thing. And I think we talked about this a couple of weeks ago, Carl, about, you know, how people line up for a Black Friday sale and go wait seven hours in the snow to get a TV for $200 off?

But when gold and silver are having the sale of their lifetime, no one wants to touch it with a ten foot pole. Well, it's because they're conditioned. Yeah. You know, I mean, everything conditions, I mean, it's go to work, get your paycheck, get a 401, leave it there. When you retire, the advisor is going to either keep managing it or, you know, send it to one of his cohorts and keep you in the system. I mean, it's unfortunate, but I mean, you got to realize, take the blinders off, folks.

I mean, you can't sit there and just do nothing. I mean, it's unfortunately, this house of cards will come down at some point. I mean, you know, it's there's a lot of people talking about how they feel. It's too over inflated and it should have come down already. How much longer are you going to keep doing this? How much longer are they going to keep printing money out of thin air with no repercussions? $40 trillion in debt? I mean, I know a lot of people. It's like, wow, that's a huge number. But, you know, it's not affecting me and your my daily life, but it really is. And that's the that's the kind of stuff that hurts our 401 case, our IRAs, the markets, you know, the, you know, just people that are money sitting in a savings account or a CD at the bank, you know, I mean, nobody's making any money on that.

And we're, we're adding 5 to $7 billion a day. And I know you know this, but we're adding 5 to $7 billion a day to that national debt. What was that? We were talking last week. I think you were telling me that by 2030. I think that. By 2030, the great article was in Yahoo! By 2030, we won't even the GDP won't even be able to pay the interest on the money the government owes. And that's what people want to invest in. And that's the crazy part, is that, you know. Well, if people are buying treasuries, what the heck are you buying treasuries? I mean, like, to me, I don't understand that. It's like saying, man, you know what? All these people here, you know, I mean, I saw a thing that the other day, right now, I forgot. I think we had like $2 trillion in car loans right now.

All these dealerships got brand new cars on their lot. And they said of the $2 trillion in car loans, people are 30% upside down on them. So if they try to sell their car, they lose. You know, they don't even have 30% more in interest and in principle than they even value the automobiles. Right. You know, this article was a great article. It was in what was it in magazine. But it was it was talking about this publication of how bad the car market really is. And, you know, we're going to see a collapse in that market, just like, I mean, you know, another article I saw on Yahoo Finance was talking about, you know, a record foreclosure spike. Again, you know, I mean, all the all these things that we've seen before, I mean, obviously history doesn't have to repeat itself, but it usually does.

And all these things that were issues in the past, they're all going to come back to haunt us. I mean, you know, once again, you can't wrap Peter to pay Paul. I mean, regular folks like us. Well, we got a pair of bills weekly, you know, and belts or checkbooks weekly, if not monthly. Absolutely. Government doesn't. And now the problem is, is, you know, you got people spending money like a bunch of drunken sailors. You know what's going to happen here? How is this going to shake out for all of us? I mean, you know, what is the average taxpayer like $200,000 or something? If you break down the national debt, you know, based off our citizens. Come on. That's insane.

Yep. Carl, listen, I want to interrupt you really quick right there. And just a quick message for the folks at home, folks, if what Carl and I are saying right now is resonating with you at all, you need to pick up that phone. And here's the beautiful part for you folks. You don't have to figure any of this out on your own. You do not have to navigate the IRS. You don't have to fight with your broker or fill out a mountain of paperwork. If you have money sitting in an old 401 or an IRA, you can roll it over into physical gold and silver, completely tax free and completely penalty free. One phone call and the Reagan Gold Group handles everything.

And the beautiful thing, folks, is the gentleman that is on the phone with me right now that runs that entire Salesforce. That's one of the top precious metal analysts in this country. If you speak to one of his team, when you call in and you ask for him and he is available, he will get on the phone. You can speak to Carl, and if Carl is not available, he will definitely call you back. So again folks, that number is 1-800-702-2212. They will walk you through every single step. Or you can go to OwnRealGold.com. Call them. Now actually listen to what Carl and I are saying and then give them a call. But you get what I'm saying, folks. But don't wait until the end of the show. Don't don't wait until I didn't mean the end of the show.

Don't wait until tomorrow. Don't wait until tonight. You know, the moment is now, folks. And, Carl, if you want to add anything to that just because I know you. This past week, we're getting a ton of calls from the people. We hit. Yeah, it was extremely busy. And, you know, first of all, everybody was very you know, a lot of people were like, well, you're actually the guy from the radio. You actually could really talk to him. I mean, you know. Yes, that's what I do, folks. There's no pressure here. It's just a very simple conversation. Let's see if this is something that makes sense and fits in your portfolio.

You're obviously listening to the show for a reason. There's obviously some things that are giving you a little bit of heartburn in the markets with the dollar, with the inflation, with the money, printing, with the debt, whatever it might be. We're here and there's ways to, you know, fix those things. And that's what we're able to do here. We're able to help fix those things, help diversify those things and have the ability to, you know, help you put yourself in a better position. So your money's there when you need it down the road. You know, I mean, I always go back to 2008. I mean, unfortunately it seems like it was forever ago, but I still talk to people weekly that haven't recovered from that, which to me is pretty sad.

So, you know, what do you do? Are you going to sit there and, you know, be a deer in headlights, or do you actually pick up the phone and say, hey, Carl, what can be done? This is what I have. I mean, and it's not about putting all your eggs in one basket, because right now they are in one basket. You know, I love people. Tell me all the time. Oh, we're diversified. I'm diversified. Well, you're still in paper in some way, shape or form, all based in US dollar. So how diversified are you really? I mean, that's what it comes down to. It's about having some something else in that portfolio that has that inverse relationship to it.

You know, that's why people call us. That's why so many folks have been reaching out the last few weeks, and we've been incredibly busy. It's because of the fact that people are looking to protect themselves. You know, there's a reason why our phones are ringing. People want to get out of what they've always been in. They don't have faith in that system anymore. I'm not saying put all your eggs in one basket, you know, and I know it's like a broken record, but leaving everything there. If that basket drops, the eggs break. Them back together.

You know what it is, too. Carl and I just want to kind of make a point, and it's almost a little bit, you know, different here, a different way of looking at this. But, you know, and this is going to seem kind of odd me saying this. But I went to the DMV this morning. Carl. Right. I had to handle some paperwork and I was dreading going there. I didn't want to go. I didn't want to do it. But I'm a normal human. Nobody wants. To go. No, nobody wants to go. Nobody wants to do it. But I went, I handled it, it was done. And everything that I needed to do is now complete. And I don't have to think about it anymore. Right. I didn't get any financial benefit from it, but I did get peace of mind right now, the thing that I think holds people back from calling is just the whole rigamarole in there in your head.

I'm going to call and then I'm going to have to go through this, and then I, you know, I have all this money in a 401 right now. And, you know, are they really going to be able to do this for me? Like, you know, do I want to get involved? Am I going to be on the phone for an hour and a half, and then am I going to have to, you know, contact seven people and figure all this stuff out and figure all that out? And. Yeah, and that's what I want you to explain, Carl. Like, like literally just, you know, because I feel like people, it's natural for human beings to get that. Oh, man, I don't want to, you know, I'm just going to put it off. You know, it sounded great, but I'm just going to put up and I want you to tell them call why they shouldn't.

Well, you should have put it off because of the fact that, I mean, unfortunately, we don't have time to recover, you know, why do you want to wait years to try and get your money back or get back to even. It's ridiculous. You know, here's the thing. We have to protect ourselves. We have to do it in a timely manner. Nobody has a crystal ball. Nobody knows what's going to happen in the future. I mean, I get people all the time to tell me I'm going to time the market. I always tell them why. Wonderful. Where'd you buy your crystal ball at? I like to buy one. For myself. I was going to say good luck with that one.

You know what I mean? You get people that say they want to time the market or people that you know are just, oh, I'm waiting to see what happened. Well, do you want to be proactive or do you want to be reactive people? I talk to you want to be proactive. They say, hey, listen, I understand, you know, maybe the time isn't. Maybe it is perfect. Maybe it's not perfect. But guess what? I'd rather know. I have it and it's there and it's in my back pocket. Then roll the dice to see what happens. And then it's a mad dash to try and get somebody on the phone. And can we move money? And the markets are dropping and I'm losing money every day.

I mean, you know, we're at record stock markets right now. And I get customers that call me daily that say they're losing and they're moving their money because, you know, there's a few companies that are, you know, doing well. But in the end, I mean, the whole system isn't perfect. You know, not everybody's invested in the same five or 6 or 7 stocks. People are, you know, in all kinds of different things. And a lot of those companies are losing right now. I hear continuously from folks that, hey, I'm not making any money. I haven't made money in years. You know, I mean, it's and I tell them, you have to do something about it. Nobody says, you know, you got to put a new Ferrari in your driveway in the next 12 months, but, you know, you got to at least increase the value of your portfolio.

And doing that with a physical, tangible asset like gold and silver is the name of the game. Yeah. We've seen paper assets go to zero. We've seen fiat currencies globally go away. If we ever seen gold and silver have no value. Never, never. Not once. And Carl, you know that just, you know, brings me back to the point that I made in in segment one of this show and the most brilliant minds in this country, the most brilliant analysts in this country that have been calling markets correctly for 50 years are all saying the same thing. And as I always say, Carl, if it looks like a duck, if it walks like a duck, if it quacks like a duck, it's a duck. There is a huge upside right now in silver and gold and precious metals. And right now this is the time to buy. The time to buy is now. This is the window. This is the opportunity. And you know, I.

Don't want to, folks. I don't want people to call me in 3 or 4 or 5 or 6 months and say, hey, Carl, I love to buy gold and silver, but I should have did it six months ago. I should have did it in July. Should have did it in August. I should have did it in September. And I'm kicking myself in the butt.

I mean, I hear that from people all the time. You know, I should have been ten years ago. I should have did this in 2000. You know, after the.com bubble. The problem is too many people don't do anything about it. And then they kicked them, you know, right now, like we talked about, like you said earlier, you know, you're going to stand in line in the snow and, you know, a lot of these countries on Black Friday to save 50 bucks on a television, but you don't want to by a physical asset that you know, has increased in value, you know, tenfold over the years, you don't want to buy that at a discount.

I mean, I love for somebody to tell me why. What's the reason why? Because it went up a little bit and it went down a little bit. Guess what? Everybody nobody wants anything that goes straight up. Because if it goes straight up, it's only got one place to go. Straight down. Straight down. You got it. So you want something. It's going to go up and kind of, you know, go up and down and up and down and up and down. But the main thing is, is looking at the big picture. I get people all the time to say, you know, I looked at it over the last three months, I go, wonderful. And they go, what do you mean wonderful?

I don't care what it did last three months. Look at the big picture. Medals are a multiyear hold. That's how you know, people buy them. They hold them. They kind of set it and forget it. Look at the big picture, folks. You got to protect yourself. I mean, you know, I think you and I were discussing it. Look at that one company. What was the company you were telling me about? That's buying the gold tether. Tether? They do cryptocurrencies or blockchain or something? I don't even know what that means. I don't understand it. It makes no sense to me. They're buying, but they're taking their profits. They're buying all the physical gold with their profits. Yep.

Folks, they're telling you let's sell you the paper. But what are what are all these central banks throughout the world doing? They're buying gold and silver. Don't let the train pass you by. Get on the phone. Give us a ring and let's see what we can make happen in May. If it makes sense for you, fantastic. If it doesn't. We had a nice conversation. We part ways. No harm, no foul. Talking. Never hurt anybody. Well, Carl, listen with that. And as much as I always want to keep this convo going, unfortunately that is all the time we have. And I want to thank you, as always, for being here, Carl. Now, folks, I want to leave you with this one final message. You've worked too hard for your money to let it sit in a system that is fundamentally broken.

You've spent decades building your nest egg, you've paid your taxes, you've played by the rules, and now you have the information. You know what the smart money is doing. The only question is whether you are going to do something about it. I am Walt Philips. This is The Gold Show, and I'll see you folks right back here next week.

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You've been listening to The Gold Show with Walt Philips, sponsored by Reagan Gold Group, a trusted precious metals leader helping Americans safeguard their wealth and retirement savings with physical gold and silver. To learn more about hedging against uncertain times and securing your retirement, visit GoldGoodLife.com that's GoldGoodLife.com or call 800-702-2212 to speak with one of our specialists. Reagan Gold Group is not a tax advisor. Join us next time for more insights into the purest form of money physical gold and silver.