
Gold has moved above $4,300 as investors revisit a major monetary turning point: 1971, when the U.S. ended dollar convertibility into gold. Walt Philips connects that history to inflation, dollar devaluation, rising metals prices and options for diversifying retirement assets. Featured on OwnRealGold by Reagan Gold Group.
In Episode 11 of The Gold Show, Walt Philips asks whether today's gold market is echoing one of the most important monetary shifts in modern U.S. history: the closing of the gold window in 1971. With gold trading above $4,300, the episode connects the end of dollar convertibility to long-term currency devaluation, inflation, rising gold and silver prices and changes in purchasing power. Walt also discusses TSP, 401(k) and IRA rollover options for eligible savers considering physical precious metals. This episode is featured on OwnRealGold, Reagan Gold Group's listener hub for The Gold Show with Walt Philips. This program is educational only and past performance does not guarantee future results.
Transcript edited for clarity and readability.
From the center of America's precious metals. 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 800-702-2212 or visit OwnRealGold.com Real gold. That's OwnRealGold.com. Now here's your host, Walt Philips.
And welcome to The Gold Show. Folks, I am your host, Walt Philips. And this broadcast is brought to you by my good friends over at the Reagan Gold Group. Now, I'm going to get right into it today because I have been waiting for this moment. I've been talking about this moment for weeks. I've been telling you on this show every single week that the time to buy is now that the fundamentals were screaming, that the smart money was loading up while the public was sitting on the sidelines, frozen, waiting for some kind of sign from the universe.
Well, folks, the sign is here. Gold just pushed past $4,300 an ounce. Silver moved over 5% in a single session. The metals are moving, the elevator doors are open. And I need you to understand what that means. Because what happens next is going to determine whether you look back on this moment as the best financial decision you ever made of the one you wish you had made. Now, before we get into it, grab a pen and write this number down 1-800-702-2212. That is the Reagan Gold Group again, folks. That's 1-800-702-2212. Or you can go to OwnRealGold.com. And I'm going to say that number a few more times today. Write it down 1-800-702-2212 or OwnRealGold.com. Now one quick piece of housekeeping. I am not a financial advisor.
I am a guy who has been watching these markets for more than 20 years, connecting the dots and telling you the truth that Wall Street does not want you to hear. And today, folks, the truth is moving. Now, I want to take you back. Not to last week, not to last year. I want to take you back to August 15th, 1971. If you're in your 60s, 70s and 80s right now, you remember this. You were there. You were young, maybe just starting your career, maybe raising a family, maybe just trying to figure out how the world works. And on a Sunday night, President Richard Nixon came on television and told the American people that the United States was closing the gold window, that the dollar would no longer be convertible to gold at $35 an ounce, that the rules of money, the rules that had governed the global financial system since World War two, were changing permanently.
Now, let me tell you what that actually meant in plain English. For decades since the end of World War two, every dollar in your wallet was backed by a fixed amount of gold. The United States government made a promise to the world, you show up with $35, we give you one ounce of gold. That was the anchor. That was what gave the dollar adds value. It was not just paper. It was a promise backed by something real. Now, when Nixon cut that anchor loose, the dollar became just paper. No backing, no promise, no gold behind it. The government could now print as many dollars as it wanted, and there was nothing to stop them. And here is where the two groups of people split off.
The people who understood what that meant. The ones who saw that an anchor dollar would lose value, that prices would rise, that the purchasing power of their savings was about to get eaten alive. They moved their money into gold immediately. They converted their paper savings into a real physical asset that the government could not print anymore. Of the other group, the majority, unfortunately, did what most people do in moments of uncertainty. They waited. They said, let's see how this plays out. Let's wait for things to settle down. Let's wait for a better entry point. And what happened next? The dollar started losing value fast. Groceries went up, gas went up. Everything went up. The 1970s stagflation hit like a freight train. And the people who held gold, their wealth went up with it.
The people who held paper, they watched their savings get quietly destroyed. The train never backed up. Gold was $35 an ounce in 1971, and by January of 1980, less than a decade later, gold had peaked at $850 an ounce. That is a 2,300% gain folks in under ten years. The people who acted early, the people who understood that when the rules of money change, you get out of paper and into real assets. They protected their savings against the brutal stagflation of the 1970s, the gas lines, the grocery prices doubling, the feeling that everything was getting more expensive and nobody could explain why. And the people who waited for a better entry price, they watched their cash get eaten alive by inflation. While gold move completely out of reach. The train left the station and they were still standing on the platform.
Now, here is why I am telling you this story today, because we're living that exact same moment right now. Not a temporary swing, not a bounce, a structural shift. The same kind of shift that happened in 1971 when the rules of money changed, and most people did not realize it until it was too late. Gold just crossed $4,300 an ounce. Silver moved over 5% in a single session. Folks, these are not random moves. This is a structural breakout happening in real time. And when gold breaks out like this, when it moves on the back of record central bank buying, which we've discussed before, a collapsing dollar and a debt that is mathematically impossible to repay. The next leg is historically the biggest leg of this entire bull run in 1971.
The people who waited for a pullback, they never got a cheaper entry. Gold went from $35 to 850 without ever looking back. And the analysts who are watching this market right now, the same people who called the move from 2000 to $5000 are saying the same thing is happening again, folks, the train is leaving the station right now. While you were listening to this. Now I want to give you a picture of what this feels like in real time. Imagine you're standing in front in a in a lobby of a building. Let's say there's an elevator in front of you and the doors open, people are getting in, and someone comes up to you and says, the elevators go into the top floor.
You should get in. And you say, I think I'll wait. I want to see if it really goes up first. So you wait, the doors close, the elevator goes up, and now you're standing in the lobby watching the floor numbers climb. Ten, 20, 30, 40 minded folks were. I'm describing a tall building here, and you realize the elevator is not coming back down anytime soon. Now you have two choices. You can wait for it to come back down, which could take a very long time and might not happen at the price you want. Or you can run up the stairs and try to board it at the very top, which means you're buying at the highest possible price, out of breath after everyone has already got in.
The people who stood on the platform in 1971 had to run up the stairs for the next nine years. Folks do not make the same mistake. The elevator doors are open right now. Gold is at 4300 and moving silver is surging. The structural shift is happening and the question is the same one it was in 1971. Are you going to get on or are you going to watch it go up without you? Do not watch the elevator go up folks. Call the Reagan Gold Group right now. 1-800-702-2212. Or if you're not a phone person, you can go to OwnRealGold.com. Again, folks, that's OwnRealGold.com. You fill out a few simple questions and somebody will call you right away. You can talk to a real person and find out how to get in before those doors close again.
Keep listening, because what I'm about to tell you. Next is going to make this even clearer. And I want to talk about something that a very famous man said over a hundred years ago. And a lot of you folks are going to know who this is. His name was JP Morgan, not the bank. The man, the original J. P. Morgan, one of the most powerful financiers in American history, a man who built empires, who understood money at a level that most people will never come close to. In 1912, he was called to testify before Congress, and a congressman asked him about the nature of money. And J. P. Morgan said something so simple and so clear, so undeniably true, that it is echoed through more than a century of financial history. And this is exactly what he said. Gold is money. Everything else is credit. Think about that.
Gold is money. Everything else. The paper in your wallet, the digits in your bank account, the stocks in your 401 is credit. It is a promise. It's an IOU. It is someone else's obligation and obligations can be broken. That was 1912 over 100 years ago. And you know what has changed since then? The dollar has lost over 97% of its purchasing power. Every paper currency that existed in 1912 has either been replaced, devalued, or destroyed. And gold. Gold is still gold. Gold is still money. The man who understood money better than anyone in his era told you exactly what to hold. And the last 100 years of history has proven him right at every single turn. And now the biggest banks in the world, the institutions that carry JPMorgan's name, are telling their own clients to buy gold.
JPMorgan. The bank is now projecting gold at $6,000 an ounce by the fourth quarter of 2026, rising towards 6300. These aren't gold bugs, folks. These are not conspiracy theorists. These are the same institutions that manage your pension funds, your 401 case, your retirement accounts, and they are telling their wealthiest clients to buy gold. So let me ask you the same question I ask every week. If the biggest banks in the world are buying gold and recommending gold to their wealthiest clients, why are they not telling you? Why is your financial advisor not calling you up and saying, hey, I think you should put some of your retirement into physical gold? Because the advice that is best for you is not the advice that is most profitable for them.
Plain and simple. It is not complicated. It's not conspiracy. It's just business. And it's their business, not yours. Your business is protecting what you have worked your entire life to build, and the only way to do that is to take some of your wealth out of their system and put it into something they cannot touch, cannot print, and cannot devalue. Now, I always say this, and I'm going to say it again, because it's the simplest way that I know how to explain what gold actually does. Back in the day, when your parents were young, when you were young, when things made sense, when a dollar felt like a dollar, one ounce of gold might have bought you a nice suit, a good pair of shoes, and a decent in or out.
That was the purchasing power of gold. You know what? That same ounce of gold buys today. Not just the suit and the shoes and the dinner. It pays for the suit, the shoes, the dinner. It pays for the mortgage. And you have some left over. And if gold moves to where the analysts are projecting to 6000 to 10,000 to 17,000 to $20,000 an ounce, that same ounce of gold is not just going to pay your mortgage for a month, it's going to pay it for a half a year or more. That is not a fantasy. That is what gold has always done over time. It does not just hold its value, it grows. It outpaces inflation. It outpaces the dollar. It outpaces every paper promise that governments have ever made. And right now it is doing it again in real time, right in front of your eyes. The metals are moving, folks.
Are you? So call the Reagan Gold Group 1-800-702-2212. Or again, folks, that's OwnRealGold.com. Whether you have an IRA of 401 or a TSP, they handle it all tax free and penalty free. Again folks. 1-800-702-2212 or OwnRealGold.com Now folks, I want to talk about something that has been coming up a lot lately, because ever since I started talking about this on the show, the phones at Reagan Gold Group have been ringing.
People are calling in. And one of the biggest things I keep hearing is Walt, I want to do this, but my money is locked up. It's in my 401(k), it's in my IRA, it's in my TSP. And I want to address that last one specifically because I know a lot of you listening to this show or veterans, your retired military, your federal employees, your postal workers, you have a thrift savings plan, a TSP, and you've been told that your money is locked up in that government retirement account and you can't move it. That's not true, folks. And I need you to hear me on this. A TSP, a 401(k) and IRA. All of these can be rolled over into a precious metals IRA, tax free, penalty free. It is a direct, legal, government approved transfer. You do not trigger a taxable event. You do not pay a single penalty to the IRS.
You are simply moving your money from a paper account into a physical asset account for TSP holders, specifically if you're separated from service or if you're 59.5 or older, you can roll your TSP into a self-directed IRA that holds physical gold and silver. Ragan gold Group handles this every single day. They know the process inside and out. They have done it for thousands of people just like you. And for those of you with a 401(k) from an old job, a job you left five years ago, ten years ago, 20 years ago, that money is sitting there right now, probably in some generic index fund losing purchasing power to inflation every single year. You can move it today without paying a dime in taxes or penalties. Why didn't anyone tell you this?
Why didn't your financial advisor, your HR department, your broker? Why didn't any of them mention this was an option? Because when you move your money out of their system, they stop making money on it. Folks, it's that simple. They're not looking out for you. They're looking out for their fee structure. And as long as you believe your money is trapped, they keep getting paid. Your money is not trapped. It is just sitting in the wrong place. And there has never been a better time to move it. Now here's how simple this is. You call Reagan Gold Group 1-800-702-2212. You tell them you have a tsp, a 401 or an IRA. You tell them you want to protect your retirement with physical gold and silver.
They walk you through the entire process. They handled the paperwork. They talk to your current custodian and they set up the new account. They facilitate the transfer. And you don't have to fight with anyone. You don't have to navigate the IRS tax code on your own. And if you call them, have the conversation. You decide, listen, this isn't the right move or whatever that may be. Whatever you're thinking and you say thank you and hang up. No big deal. There's no pressure. There's no harassment. There's no commitment, just information. Just the facts that you need to make the best decision for your own retirement. Think about what that means to have your retirement backed by physical gold and silver instead of paper promises. Think about waking up in the morning, turning on the news, seeing the stock market down a thousand points and just turning off the TV with a smile.
Because you know that your wealth is protected. You know your retirement is sitting in something real, folks. Something that has never gone to 0 in 5000 years of human history. That piece of mind is worth more than any fee your broker is charging you. I want you to take control of your own retirement. Call the Reagan Gold Group right now. Again, folks, that's 1-800-702-2212. Or you can go to OwnRealGold.com again, folks. You just fill out a few simple questions there and somebody will call you right away. Ask them about rolling over your TSP, your 401 or your IRA into physical gold and silver. It is completely tax free. Again, it is completely penalty free and it's the easiest thing in the world.
1-800-702-2212. Or you can go to OwnRealGold.com. Folks, I cannot stress this enough. Gold and silver are moving right now. We are in the midst of the most historical bull run that we might ever see. And for you folks at home that are listening right now that are in your 60s or 70s or 80s, you don't have five years to wait right now. You don't have seven years to wait where if your financial advisor just says, hey, listen, you know, the stock market's going to turn around, just hang in there, folks. You're not 35 years old anymore. You have to think about the future and not only your future. You have to think about your kids future, your grandkids future. I say this every single week.
You don't want to have your kids be 30 years old, 40 years old, 50 years old. And because you didn't make the right decisions that they're living in the crimes of their lives, stressed out because they have to worry about you, they have to financially take care of you. And obviously your kids love you, right? They want the best for you. And if you make these decisions today, today, you're not going to have to worry about the future tomorrow. I always say that you want to understand the fundamentals behind these metals. You want to understand that silver not only is a monetary metal, but it's an industrial metal. It is something that is disappearing in front of our eyes. We are living in the information age right now.
We're living in an era where silver is being deployed in solar. It's being deployed in AI, it's being deployed in humanoid robotics, as crazy as that is to say, as crazy as that sounds. And silver is going through the roof. Gold is the ultimate store of money. It's something that is never, ever lost value. And 4 or 5 years from now, folks, with the way things are going, you will be one of the few that are secure in these times with wars going on with all these things.
And I'm not trying to fear monger folks, but I am trying to give you the folks that are listening right now at home, a way out, a sense of security, and the only way that you can do that is something that you hold in your own pocket, not something that can be broken or burned, not some promise made by an advisor, by a custodian, by somebody else, but something that you can physically look at, that you can hold, that is tangible. Now, folks, we're coming to the end of this segment and I want to bring it all home. I have been on this show for weeks now, and I've talked about the 1975 moment. I've talked about the fundamentals. I've talked about the central banks loading up the ECB, confirming that gold is overtaking U. S. treasuries is the world's number one reserve asset, the analysts projecting 10,017 thousand and $20,000 gold.
I've talked about how the dollar is losing value every single day and how the national debt is mathematically broken, how the system is designed to keep you confused and keep you in paper. And now the markets are moving, folks. Gold is past 4300. Silver is surging. And I'm going to ask you one more time. What are you waiting for? Are you waiting for gold to hit 5000 or 7000 before you believe me? Because by then you have already missed a 20% or 30% move. Are you waiting for the stock market to crash before you decide to protect yourself? Because by then it will be too late to get out at a good price. Are you waiting for Washington to fix the national debt?
Because I've been waiting for that my entire life and I'm still waiting. The people who win in these moments are the ones who see it coming and act before the crowd does. The crowd is just now starting to wake up. The crowd is just now starting to pay attention. Which means the window. The window where you can still get in at a reasonable price before the real frenzy begins, is closing. And I want to say one more thing before I let you go. And this is not about you. This is about what you leave behind. You've worked your entire life. You've built something again, folks. You want to leave something for your kids beyond your lifetime. What happens to that inheritance when the market crashes and takes half of it with it?
Gold will never do that. Silver will not do that. Physical, precious metals have been the most reliable way to transfer wealth across generations for 5000 years. You are not just buying gold for yourself. You're buying it for the people who come after you. Now, folks, I'm not yelling at you. I'm talking to you like a friend who knows something that you need to hear. Get on the elevator. It is still moving. The doors are not fully closed yet, but they're closing. Pick up the phone. Make the call. It is the easiest thing in the world to do. Folks, this is The Gold Show again. I am Walt Philips, and I'll see you right back here very soon.
All right, folks, and we are back. And this segment is brought to you by my wonderful friends over at the Reagan Gold Group. And before we get into it, folks, one more time, right. This number down 1-800-702-2212. That is the Reagan Gold Group again, folks. That's 1-800-702-2212. Or you can go to OwnRealGold.com. And listen if you've been sitting on the fence, if you've been listening to this show for weeks now, and you keep saying that you will call next week or call tomorrow, do it right now.
While you were listening, the metals are moving. The window is open, folks. 1-800-702-2212. Or you can go to OwnRealGold.com real quick folks. I am not a financial advisor, but I have got something better for you right now and I want you to keep listening. You know, I've been getting a lot of feedback lately, and a lot of you have been reaching out, calling in, letting the folks at Reagan know that you've been tuning in every week. And I have to say that means everything to me, because I do this show because I genuinely believe in what I'm saying. I believe that the information that I'm putting out there every week that Carl and I put out every week can change people's financial lives. And when I hear from people who called Reagan and because of something that they heard on this show, people who protected their retirement, people finally got off the fence and made that move.
That's what this is all about. And a lot of you have been specifically asking about Karl, asking when he's coming back on asking follow up questions from the last time he was here. And I love that because Carl has had the chance to actually meet a lot of you, talk to a lot of you, help a lot of you to get started. So I'm not going to make you wait any longer. In segment one, I took you back to August 15th, 1971, the night Nixon closed the gold window. What it actually meant and how people who understood it immediately moved into gold while everyone else waited and watched their savings get destroyed by stagflation. Gold ran from $35 to $850 in less than a decade, 2,300%.
The train left the station never came back, and I talked about how we were living that exact same structural shift right now. Gold past 4300, silver surging JP Morgan century old truth about real money versus paper credit and how your TSP, your IRA, your 401(k) is not trapped. You can move it tax free and penalty free into physical gold and silver today. And now I want Carl's take on all of it. Carl brother welcome back to the show. Well, thanks so much for having me as always I appreciate it.
Absolutely. It's always a pleasure to have you here, man. And, Carl, I want to get right into it, because I have been on this show for weeks with you. Telling people at the time to buy was now that the fundamentals were screaming that the smart money was loading up while the public was sitting on the sidelines. And now gold is past 4300, silver surging, and the market's doing exactly what we both said it was going to do.
But here's what frustrates me, Carl. I just spent an entire segment before you just got on telling people about 1971 about how the people who waited for a better entry price watched gold go from $35 back then to $850 without ever getting in. And I still get people that are calling in saying, Walt, I was going to do it, but I waited or I was going to call, but I want to see if it dipped first, and I just can't wrap my head around it, because history is literally repeating itself in real time, and people are making the exact same mistake that the 1971 crowd made.
They're standing on the platform watching the train pull away. So, Carl, I want to ask you because you are the one on the front lines. You're the one talking to people every single day you were seeing. I mean, what are you seeing right now? I mean, you see it every day, but are the phone's ringing or people waking up? And are people on the fence like, what are you telling them? Well, first of all, it's a little bit of everything, right? And what I mean by that is, yes, we do have folks that are waking up and yes, we were very, very busy right now. So we got a lot of folks calling in, a lot of people moving, you know, calf savings, IRAs, 401 case, TSB, you know, all kinds of different types of retirement accounts as well as just, you know, cash and brokerage.
But, you know, the part of it is to I do get a lot of folks that are, you know, I'm going to wait and see or I want to, you know, I want to do my research or I want to, you know, look and see what the markets are going to do. Well, I mean, listen, if anybody that's listening here knows where we can buy a crystal ball, please call in and let me know, because I love to get the lotto numbers and you know, but I mean, nobody knows what's going to happen. It's just that simple. You know, I mean, look, in 2008, people went home from work on a Friday, came back to work on a Monday, and lost a tremendous amount of their portfolios. And it went on for many, many months, you know, and then, you know, a lot of people still have recovered from that. So the question becomes is, what are you waiting for?
I mean, it's a physical, tangible asset. It's been around for of years. It's real money. It's not paper, it's not fiat currency. It's real money. Why are you what are you waiting for? I mean, you know, with everything going on, I mean, the writing's on the wall, folks. This is the time to make the move. We're buying it on sale. It's still down. Now is the time to jump in. You know, I mean, I know the busier we get. I've been doing this many, many years, the more medals go up, the busier we get. And, you know, I guess people just don't like to take advantage of the deal. And, you know, I don't like that myself because I love a deal more than anybody. And I really want people to, you know, jump on this bandwagon and do it now. There's no reason to wait. There's nothing to wait for. Yeah.
Now, listen, to make that move and get yourself in a position. I mean, there's a reason why JP Morgan and Bank of America and, you know, so many others would telling people to buy gold and silver Warren Buffett, right? Yeah. I mean, listen, Carl, I know you, man. You and I have known each other for quite a while, and I happen to know that your favorite store is Costco. And you were telling me just last week, just last week when I had to, to get some stuff done. You were telling me what I can do over at Costco and how great the sales are, and it reminds me of what we were talking about a couple weeks ago.
Carl. Remember we were talking about the Black Friday thing and about how people line up to get a $300 TV in the snow. And, you know, my concern is that metals are now moving, Carl, like you were just saying. And, you know, it's like you don't want to, you know, it's like waiting for the elevator and seeing everybody walk into the elevator and wondering if it's really going to go to the top floor, you know, and just sitting there waiting like, you know, I discuss this and segment one, it's like either you're going to do two things.
Either you're going to stand there and watch it go to the top floor and just sit there waiting and waiting and waiting, or you're going to have to run up the stairs sweating and panting and all frantic, and then you're going to have to get in the elevator at the top floor, aka getting into gold and silver when they're already at much higher prices than they are right now. Instead of taking advantage of the very things that you're telling these folks right now. Well, that's exactly it. I mean, listen, you could sit on the sidelines and wait. Sure. It's a commodity. It may go down, but it's not very likely. I mean, with $40 trillion in debt, out of control, money printing, dollar devaluation, I mean, inflation, that's still here. I mean, the Fed's talking about raising interest rates because of these factors.
I mean, if things were as good as they said, I mean, you know, if they were that good, then we wouldn't be talking about they'd be talking about dropping interest rates. And that's just not the case. I mean, listen, you know, I love our president and I love what our country is doing more than anybody. But the reality of it is, is there's a lot of things that are out of his control and out of the government's control. And, you know, I mean, listen, the Federal Reserve is not part of the government. It's a central bank, folks. They are not part of the US government. They do whatever they want to do, and they're the ones pulling the strings on this. I mean, and unfortunately, the house of cards is starting to wobble. There's a reason why central banks throughout the world are buying as much gold and silver as they can get their hands on.
There's a reason why governments all over the world are buying a tremendous amount of, you know, buying gold and silver and, you know, the pace that they're doing it. I mean, listen, it's real simple. If it's good enough for them, why is it good enough for you? Yeah. Why? I mean. Yeah, I mean, listen, you hit it right on the head. The big boy is always positioned first. And you know the sad part, Carl. And you and I have discussed this at length many times, including on this show, you know, people's financial advisors. And like you always say, Carl and I have the same opinion. Nothing against financial advisors.
But, you know, they're not going to sit there. Your banker, your financial advisor, your custodian, whoever it may be. They're not going to say they're sit there and say, you know, listen, go. Move into gold and silver. Go do this because they want to protect their investment. I their percentage that they're making off managing your money, you know. And that's the problem. And listen folks at home real quick before we keep going with this. If you're nodding your head right now, if you're listening to Carl and me and you're saying, yeah, that makes sense, I need to do something, then what are you waiting for? Pick up the phone right now. Do not wait until the end of the show.
Do not say you're going to do it tomorrow. Do it right now. Call the Reagan Gold Group 1-800-702-2212. Tell them Walt sent you and ask for Carl. Carl is there. If he is busy, Carl will get back to you. If Carl is available, he will get on. He's been helping people every single week. Tell them that you have a 401(k), an IRA or a TSP, whatever you have, and you want to know how to protect it with physical gold and silver. It's a completely tax free event. It's completely penalty free. One phone call, one conversation, and they will handle the rest. Now, Carl, I want to shift gears one set for a minute and talk about something that it's been coming up a lot because since we started talking about this on the show and, you know, you've been saying the phones have been ringing over there at Reagan.
One of the biggest things that people keep saying is, I want to do this, but my money's tied up. They have a 401(k) from an old job, they have an IRA, they have a TSB, especially the veterans, the federal employees, the postal workers that are listening right now. And, you know, you and I have been telling people on the show that their money is not trapped, that you can roll a tsp, a 401(k) and IRA into a precious metals IRA, completely tax free, completely penalty free. But I want you to break it down for people, Carl, because you do this every single day. You know.
It doesn't. Yeah, yeah, 100%. Listen, your money's not stuck there. You sell your investment. It's a nontaxable event. It's still within the, you know, retirement umbrella. All you're going to do is move to a cash position, roll the funds over and buy a, you know, a physical, tangible asset with those funds and not a piece of paper. It's that simple, folks. Do you want a piece of paper that's basically monopoly money that's lost so much value over the years, or do you want to have them, you know, real money? I mean, we've seen paper assets go to zero. We've seen fiat currencies globally go away. We've never seen a physical ounce of gold or silver have no value. I don't think it's going to happen anytime soon.
Not you know, it's I mean, you know, it's you folks. It's a way to position yourself and make sure your money's there when you need it. You worked hard for it, you know? I mean, I get people to tell me all the time, well that they, you know, well, you know, my financial advisor, you know, I feel bad, you know, doing this to him. Oh, God. Well, let me tell you something. And I got a lot of friends that are in their business. They're good people, but I. I know for a fact when they've had clients that have lost money and I'm talking about tremendous amounts of money, they never said, hey, here's 500 for the car payment. Here's the 1000 for the mortgage, here's another 500 for food.
You know, let me keep, you know, let me send you some cash to keep things going until your account comes back. Yep. No, what they say is, you know, don't worry. It'll come back. Click. That's what happens. Carl, you saved my own mother from that exact situation with a 24 year old financial advisor that she had never met in her 80s, controlling all of her money. And I thank God every day that you stepped in, I thank God I had the I have the privilege of having you as a friend, and you were able to step in and take control of that. You know, every time I hear you say that, Carl, it literally just brings me back to what you did for her, which.
You know. Folks, this is your money. This isn't this isn't my this isn't raising gold. It's not Walt's. This is yours. It's not your financial advisors money. It's not the custodian that it's with. It's yours. You have options. You need to know what those options are if you choose to do it, great. If you decide it's not for you. Okay. No harm, no foul. But, I mean, there's the reason why so many people are doing this, and they've been doing this because they know what's there. They see what's going on. Give us a call. It doesn't cost anything. As for me, love to chat with you. Let's see if this is something that may or may not make sense for your specific situation. We'll have a very tailored conversation. Answer your questions, get everything addressed, and, you know, go from there. I mean, it's that simple.
Carl. And the funny thing I want to bring up, and I know you probably don't remember this because you get so many phone calls that, you know, your head spinning sometimes. But I remember a few days ago, we were speaking, and you told me about that gentleman that was trying to move, you know, a lot of money for years and years and years. But he kept getting bad information from other companies until he spoke to you, and you were able to explain everything to him so clearly. And you showed him how easy it was. And, you know, I wish I could get that point across. Maybe I'm doing it right now to all the folks at home. But, you know, that's kind of what differentiates it.
And the power of a gentleman like yourself, that one of the top precious metals analysts in this country. I'm sorry, specialists, I said analysts for a second, but you could be an analyst, too. But, Carl, I mean, you know, I mean, that was profound to me. It stuck out because, you know, a guy, I think he told me it was a few years he was thinking about doing it. And, and, you know, it's just so easy. And, you know, I think it's, you know, for, for the people at home. I think you and I touched on it last week, it's, it's also that part of it of like, oh gosh, you know, this sounds great, but what am I going to have to really deal with, you know, syndrome?
Well, here's the thing. I mean, yes, it's yes, there is going to be a little bit of work on your end. But when I say a little work, I'm talking about the whole process. May take an hour on the phone over a couple of week period from start to finish. This isn't anything strenuous. This isn't anything that's going to, you know, consume your life. I mean, we have a team here. I got a great processing team here. That just absolutely is fantastic. They do everything above and beyond. They're great. And they're going to hold your hand through this. We jokingly say we do the heavy lifting for you, but we really do, you know? I mean, and the thing is, is, you know, when you hear this misinformation, I mean, unfortunately, what I've been doing this along, one of the biggest things I find is really just misinformation.
You know, somebody heard from their best friends, neighbors, cousins, sister in law's neighbor that told them that they heard from a guy about gold and silver, where it's just not true. I mean, listen. There's tin cans. Exactly. There's the old correct. I mean, there's that. Or, you know, the other part of it is, is, I mean, listen, there's just people out there that are just so in it for themselves, and they're not giving people proper information. I mean, there's guys on the radio, you know, the one guy to think of in particular, he spews a bunch of lies to people screaming into the microphone like he knows what he's talking about and he knows absolutely nothing.
And the reality of it is, is it's very simple. This is a simple investment, folks. It's gold and silver. You buy it, it goes up in value. You've made money. If it goes down. Value of lost money. It's that simple. And we are able to help you do it the proper way, the easy way. And keep it simple. You know, listen, you got to know who you're working with. You got to feel comfortable who you're working with. That's the most important thing, you know? I mean, listen, there's a lot of people giving information out there that just isn't correct. And you need to be careful of that because that's what I've run across more than anything. I mean, I talked to this nice couple a little bit earlier today and they were great.
You know, Lisa Scott, they were awesome. And literally they just, you know, it sounds like their husband just had gotten some misinformation throughout the years. And, you know, I just clarify things. You know, it's real simple. You know, the first thing I always tell everybody is when they get on the phone with me, I always say hello. And then I go, you know, why'd you call? What kind of questions do you have? The floor is yours. Ask your questions. No questions. Stupid. Let's get it addressed and let's help make this make sense for you. And like I said, if it makes sense and you want to move forward, great. If not, we had a nice conversation. We part ways. But, you know, the main thing is, is being able to help people.
And I love helping people love letting people know that they have an option. They have something that's, you know, maybe not the quote unquote norm because their, you know, HR person doesn't know about this or, you know, they're financial advisors. They're not going to tell them about it. I mean, I always give people all the time is, you know, my friend advisor never heard of this. No. Trust me when I tell you're trying to. Financial advisor is well aware of this. They're just not telling you about it because they don't sell it. They're worried about their paycheck. They're not worried about your money. I promise you, folks, these guys aren't sitting there all day long, punch of their computer or trading your portfolio all day, every day.
It's not happening. They give you an option. When you get in there, you get A, B, C or D, pick one and we'll call you in six months to give you a review. I mean, I hear that from people constantly. That's if they're able to get them back on the phone in six months. Yeah. Carl, you hit it right on the head, man. I mean, transparency is key, and there is a ton of competition. You always say it, Carl. You always say it, and I say the same thing. Radio is a very powerful thing for the folks listening at home. Transparency is key in a world that is made up these days of lies.
You turn on one new station, you see one thing, you turn on another news station, you see another thing. You know, this is this price. That is this price. You know, people don't know what to do until their heads are spinning. And, you know, that is why I take such joy in doing this with you. Because I know for all the folks listening and all the folks that do end up taking that step and do end up calling that they're going to get the proper information that they need.
And I know you and I on this show, and all I can speak to is you and I are always giving people the facts, and the facts are the most important thing. And Carl, you know, that leads me, you know, to, to, you know, one of the thing that I wanted to ask you, you know, before I let you go for the person who's listening to us right now, who has been on the fence for weeks and keep saying that they're going to call, but they haven't called yet. What's your final message to them, Carl?
Final message is, listen, folks, a conversation. Never heard anybody. You need to do something to protect this. This is your money. Like I said a couple of minutes ago, this is yours. You need to do something to protect what you have. Because, unfortunately, none of us are getting any younger. And unfortunately, you know, you got to be able to diversify yourself, because if the market's rap out, guess what? Gold and silver have always soared. You know, obviously history doesn't have to repeat itself. But you know I don't know why it wouldn't I mean like you just spoke about earlier in the segment. You know, about how you know, it's repeating itself right now, you know, from the 70s, I mean, so listen, what it really comes down to, folks, you have to do something.
You can't be a deer in headlights. And right now I can't stress enough how now is the time with everything going out in the markets and what we're looking at, you know, in the metals forecasts here, this is the time to jump in because unfortunately, it's, you know, the train's leaving the station. You don't want to be chasing the train down the tracks and this is the time to do it. So please, I urge people if you have questions, have thoughts. If you're if this is just even a small sliver of something that you're thinking about, give us a call. If you want to ask for me directly, ask for me. Hey, is Carl available? If I'm not there, they'll take a message or send you to one. You know, one of my associates or assistants.
If not, you know, I'll give you a call right back if they send you to my voicemail. But I will always get back to everybody. But the thing is, you have to do something, and you can't be a deer in headlights. It's that simple. You have to protect yourself from the time is really, you know, of the essence. That's it right there. And that's exactly it. There's no reason to wait, folks. There's no reason to put this off. Metals are moving, the window is open, and the Reagan Gold Group is ready to help you right now. Call them 1-800-702-2212. Tell them that Walt sent you. Tell them that you want to speak to Carl. Tell them that you want to protect your TSP, your IRA, your four one with physical gold and silver.
It is a free call. There is no commitment. There is no pressure. The only risk is doing nothing. Carl. Thank you as always, brother. You were the best in the business. I am grateful to have you on this show every single week. Folks, I am well. Philips, thank you for listening to The Gold Show. This broadcast has been brought to you by the Reagan Gold Group and we will see you next week.
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 OwnRealGold.com. That's OwnRealGold.com, or call (800) 700-2221 two 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.