Episode 2: The Precious Metals Pullback | The Gold Show with Walt Philips

Transcript edited for clarity and readability.

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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 Phillip’s 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 GoldGoodLife.com That's GoldGoodLife.com. Now here's your host, Walt Phillip

Walt Philips

’s. Welcome back to The Gold Show. I am your host, Walt Phillip’s. And this show. Is brought to you by my good friends at the Reagan Gold Group. If you tuned in last week for our premiere episode, you know exactly what this show is about. We're here to talk about the realities of your money. We are here to talk about wealth preservation. And we are here to talk about how you protect everything you have spent your entire life building. From the silent thief of inflation, the reckless spending in Washington, in the inevitable decline of the paper dollar. Now, I'm going to be completely honest with you guys. Right out of the gate. I had a completely different show plan today. I had a whole script written out, ideas written out. We're going to take a deep dive into the BRICS nations, but we're going to we're going to talk about plans for gold backed trade currency.

We're going to take a deep historical dive into the 1970s. But you know what, guys? Then this week happened. And that's when I saw what was happening in the markets over the last five days. And I looked at my ideas and I threw them in the garbage because I said to myself, we have to get down to brass tacks right now, because what happened this week is exactly why this show exists. If you've been watching the news, you saw the headlines. The markets went absolutely crazy. We saw a massive crypto bust, the biggest one in history, actually, and we saw the Department of Justice stepping in, freezing millions of dollars, disrupting over a million scam accounts. We saw Bitcoin take a massive hit after some of its biggest cheerleaders finally started selling the digital illusion.

Cracked wide open folks. But that wasn't the only thing that made headlines. On Friday, the May jobs report came out. It showed that the US economy added 172,000 jobs, which was way above what Wall Street expected, and the market's reaction was insane. It was immediate. It was violent. The ten year Treasury yields shot up. The dollar rallied. And because of that the paper price of gold and silver took a huge hit. Gold dropped almost 5% on the week. It erased its gains for the year in a matter of days. Silver took an even bigger hit. Guys, it drops almost 9% for the week. The mainstream financial media immediately started running their victory laps. Gold is crashing Silver's plunging safe haven is over.

I want you guys to listen to me very carefully right now. If you take nothing away from this episode, take this from it. What happened this week was not a crash. It was a gift. It was a gift to every single person who understands what is actually happening in the global economy. It was a gift to every senior who was trying to protect their retirement. It was a gift to anyone who missed the boat. When gold hit its all time high of 1600 earlier this year. Today, we're going to talk about exactly what happened this week, why the paper price of these metals dropped, and why this is the single most important time to buy physical gold and silver that we have seen in decades.

Before we get into the math, I want you to grab a pen and write this down, because by the end of this segment, you're going to understand exactly why you need to take action. The number is 1-800-702-2212. That is a direct line to the precious metals specialist at Reagan Gold Group or sponsoring this show. Again. 1-800-702-2212. Or if you prefer to do things online, you can go to GoldGoodLife.com, fill out a few simple questions and someone from Reagan will contact you again. That is GoldGoodLife.com and you can get the information there that you need to help your family. Just a quick disclaimer, guys. Before we go on, I wanted to remind you I am not a tax advisor or financial planner. The information I share here is based on my personal opinions and verifiable market data and research. All right guys, so let's get into it.

Let's talk about what actually happened on Friday. Why did gold drop the government release the jobs report saying that they added 172,000 jobs, because that number was staggering, way higher than expected. The algorithms on Wall Street, the computers that do most of the trading, instantly assume the Federal Reserve is not going to cut interest rates anytime soon. In fact, they started betting that the fed might even have to raise rates later this year when interest rates stay high. The paper dollar looks a little bit stronger to institutional investors, and when the dollar looks stronger, the algorithms automatically sell paper gold contracts. Notice the word I keep using those guys. Paper paper. The drop we saw this week was driven entirely by the paper futures market. It was driven by speculators trading digital contracts on screens in New York and Chicago.

It had absolutely nothing to do with the physical reality of gold. Let me ask you a question. Did the 39 trillion national debt suddenly erase, Friday morning? Absolutely not. It's still there, and it's growing by $1 trillion every hundred days. The inflation suddenly go back down to 2%. No it didn't. The cost of groceries, the cost of gas, the cost of housing. It's all still suffocating the American middle class. Did the geopolitical tensions in the Middle East suddenly resolve themselves? No. We still have a fragile situation with Iran. We still have a war in Eastern Europe, and the world is still closer to a major global conflict than it has been since the Cold War. Did the central banks of the world suddenly stop buying gold?

No! In the first quarter of this year alone, central banks bought another 244 tons of physical gold. They're buying at a record pace of around 800 tons a year. The central banks, the people who actually print the fiat currency, are trading their paper money for physical gold as fast as they can get their hands on it. None of the fundamental reasons to own gold changed this week. Not a single one. The only thing that changed was that paper price on a screen driven by a one month jobs report that will probably be revised downward next month anyway. This is what Wall Street does, people. They use short term data to create volatility so they can shake out the weak hands. They want the retail investor, the average guy sitting at home to see a 5% drop.

Panic and sell his positions. And what do the big banks do when the price drops? They buy it all up. They buy the physical metal at a discount. I want you to look at the bigger picture here. Earlier this year around New Year's gold hidden all time high of roughly five $600 an ounce. That wasn't an accident. That was the market pricing in the reality of a failing fiat system. That was the market recognizing that the dollar is losing its purchasing power right now after this week's pullback. Gold is sitting in around $4,300, 4365 to be exact. Do you understand what an opportunity that is? You were getting a second chance to buy an asset that is already proven. It can run to $5,600. You were getting a massive discount on the ultimate financial anchor, simply because a bunch of computers reacted to a jobs report.

This is why I say this week was a gift. When an assets fundamentals are screaming by and the paper price temporarily drops, that is not a crisis. It's a clearance sale. But you have to have the conviction to act when other people are hesitating. This is how wealth is preserved. You don't buy when everyone else is buying, and the price is the absolute peak you buy. When the algorithms create an artificial dip and you secure your position before the reality of the physical market takes over again. Do not let this pullback scare you. I will say it again. Do not let it scare you. Let it motivate you. This is your window to get position before the next major leg up. So I want you to call the Reagan Gold Group right now guys.

Again that number is 1-800-702-2212. Or you can go online to GoldGoodLife.com. The specialists are standing by right now to answer your questions. They will show you exactly how you can take advantage of this current price drip to protect your retirement. Whether you want to buy physical metals for direct delivery to your home, or you want to roll over an old 401 or IRA tax free and penalty free. They will handle the entire process for you. Call 1-800-702-2212 again 1-800-702-2212 or visit GoldGoodLife.com and you can secure your wealth while this window is open. All right guys. So next let's move on. Let's talk about where this is going next. Because it's one thing for me to sit here and tell you that gold's going higher and yada yada.

It's another thing entirely when the biggest financial institutions in the world are saying the exact same thing, I want to talk about Goldman Sachs. Goldman Sachs is one of the most powerful investment banks on the planet. They have access to data and intelligence that the average person can't even fathom. Back in March of this year, gold took a hit. It fell by more than 10% in a single month, the largest monthly decline we had seen since 2013. The media was saying the exact same things then that they're saying now. The runs over. It's time to sell. Get rid of everything. You know what Goldman Sachs did right after that 10% drop, they came out and publicly reaffirmed their price target for gold.

They didn't lower it. They didn't backtrack. They said, we still see gold hitting 5400 an ounce by the end of 2026. That is direct quote from them. And they aren't the only ones. Look at JP Morgan. JP Morgan recently updated their forecast, and they are projecting that gold could reach between 6000 and 6300 an ounce by the end of this year. That is a massive upward revision from what they were saying just a few months ago. Why are these massive banks putting out these huge targets, even when the paper price takes a short term hit? Because they know the math, they know that the drivers from 2025 and early 2026 or still fully intact. First you have to the geopolitical sorry guys.

First you have the geopolitical risk. And we are watching a situation in the Middle East that is a powder keg. The US and Iran are exchanging strikes. The cease fire is incredibly fragile right now. Any escalation in that region, any disruption to the global oil supply, will send shockwaves through the financial system. And when the world gets dangerous, capital flees to the ultimate safe haven. It flees to gold. Second, you have the central bank buying. I mentioned this earlier, but it's so important that I really just need to emphasize this. The people who control the global monetary system are dumping dollars and hoarding gold. They bought over 1000 tons last year, and they are on pace to do the exact same thing this year.

When the central banks of China, Russia, India and dozens of other nations are aggressively accumulating physical gold, you have to pay attention. They are preparing for a world where the US dollar is no longer the undisputed king. They are preparing for a massive shift in global financial order. And third, you have the reality of the US economy. Yes, the jobs report look good on paper, but look under the hood. Look at the debt. The interest payments on our national debt just hit 1.2 trillion a year. Guys, we covered this last week. We were spending more money just paying the interest on our debt than we are spending on national defense. This is mathematically unsustainable. The only way the government can manage that debt is to eventually lower interest rates and print more money to inflate the debt away.

And what happens when they print more money? The dollars in your bank account lose value. The dollars in your 401, they lose their purchasing power. Goldman Sachs knows this. JP Morgan knows this. The central banks know this. That's why they are projecting 5000 406,000 6300 an ounce. They are looking past the short term noise of a Friday jobs report. And they are looking at the inescapable mathematical reality of a failing fiat system. If you are a senior listening to this right now, this is the most important message I can give you. You do not have the luxury of waiting to see how this plays out. You don't have 20 years to let your portfolio recover if the stock market takes a massive hit because the debt bubble finally bursts, you're in preservation right now.

You're in the preservation phase of your life. You need an anchor. You need an asset that has survived every economic collapse, every currency devaluation, and every geopolitical crisis for the last 5000 years. Think about that, guys. 5000 years. Big banks are using these price dips to accumulate more physical metal. You should be doing the exact same thing. Do not let Wall Street shake you out of protecting your family. Pick up the phone right now and call the Reagan Gold Group again. Guys, the number is 1-800-702-2212 or go to GoldGoodLife.com the consultations completely free. There is no pressure and no obligation, just real information from precious metals specialists who can help you navigate this market and give you your options. Ask them about the tax free penalty free gold IRA rollover.

Ask them how you can get physical gold delivered securely to your front door. Again, guys 1-800-702-2212. That is 1-800-702-2212 or visit GoldGoodLife.com today. Fill out those few simple questions and somebody will call you right away to go over your options. All right guys, so before I get to the most important part of today's show, I want to take 60s to address something that happened this week that I think perfectly illustrates why we are here. This week, we saw a massive collapse in the cryptocurrency market. Bitcoin dropped below 70,000. The Department of Justice disrupted over 1.4 million crypto scam accounts and froze millions of dollars connected to fraud networks overseas that were directly affecting Americans. Major institutional holders started quietly exiting their positions. For years, we have been told that crypto's the new gold, the ultimate hedge, the safe haven of the digital age.

But here's the reality, folks. When the pressure came on this week, crypto cracked. It always does because it's a speculative digital asset that is entirely dependent on the internet, the power of the grid, and the confidence of the next buyer. It has no industrial use, it has no 5000 year history, and it can lose 30% of its value in a weekend because some tech billionaire changed his mind about things. I'm not here to tell you. Nobody has made money in crypto. Let's make that clear. Some people have made money, but there is a massive difference between speculating and preserving wealth. When you were talking about the money you need to retire on the money you spent 40 years building, you do not gamble it on some experiment. You anchor it in something that has never failed and something that was real money before the internet even existed.

Before the Federal Reserve existed, before the United States of America even existed. Gold has been money for 5000 years. Every empire that tried to replace it with paper eventually failed. Every currency that tried to compete with it eventually collapsed. Gold is still here, everybody. It always will be here right now. As a matter of fact, it's on sale. All right, guys, so listen, I want to take this conversation a step further now because I told you about what Goldman Sachs said. I told you about what JP Morgan saying. And those are really important. They are. And those are the biggest financial institutions on the planet. They're projecting $5400, $6000, $6300 gold by the end of the year.

But let's switch gears here, because I want to talk about a different group of people, because the banks are impressive. But there's another class of analysts out there, the independent voices, the men and women who have no corporate agenda, no quarterly earnings to protect, and no reason to tell you anything other than exactly what they believe. The truth and what they are saying makes Goldman Sachs looks conservative. Let's start with Michael Oliver. Michael Oliver is the founder of Momentum Structural Analysis, a firm he has been running since 1992. That's over 30 years of reading markets using a proprietary method, he developed himself based on momentum and structural price analysis. He does not follow the herd. He's called every major turning point in gold, silver and commodities at the mainstream.

Completely missed. Right now, Michael Oliver is calling for gold to reach 8500 an ounce, and he's calling for silver to reach between 3 and 500 as early as summer. And he said publicly that the structural gold trend is intact and incomplete, meaning, in his view, we are not even close to the end of this move. Then there's David Hunter. Guys, David Hunter is the chief macro strategist at Contrarian Macro Advisors, someone I follow very closely. He's been in the investment business for over 50 years. He has lived through the stagflation of the 70s, the crash of 1987, the.com bust, the 2008 financial crisis. And he's been calling the macro picture correctly through all of it. David Hunter's view is that we are currently in the final melt up of a 43 year bull market in financial assets.

He believes that when this bubble finally bursts and he believes it will be an 80% crash in equities, the aftermath will trigger a commodity supercycle unlike anything we have ever seen. His gold target in that post bust environment is $20,000 an ounce. He has said it publicly on record multiple times $20,000 an ounce for gold. Think about that. If you buy gold today at 4365, I think it was what it is around there. And David Hunter's scenario plays out. That is nearly A5X return in the safest asset class on the planet. Guys. Next, Robert Kiyosaki I'm sure you guys have heard of Robert Kiyosaki. He's the author of Rich dad, Poor Dad, one of the best selling financial books in history and one of my personal favorites.

He's been teaching people about real assets versus paper assets for decades, and right now Kia is calling for gold to hit 35,000 an ounce. He said it publicly that we were headed into the biggest financial bubble in history, and that when it pops, gold will be the last man standing. He called gold to 2000 when people laughed at him. He called it at 3700. He called it 5000. He's been right every single time. And then lastly, guys, there's CEO Peter Schiff, and he's the CEO of Euro Pacific Capital and one of the most well-known gold advocates in the world. He famously predicted 2008 housing crash years before it happened, when virtually every mainstream economist said he was wrong.

Right now, Schiff is calling for gold to hit 6000 this year, and he said it has no ceiling. He believes the dollar is in a terminal decline, and that gold is going to reprice to reflect the true destruction of purchasing power that has been happening for decades. So let's put this all together, guys. You have Goldman Sachs at $5400, JP Morgan at $6000 or $6300, Schiff at $6000 with no ceiling, Michael Oliver at 8500. Andy Shechtman, who I didn't even mention, who's another amazing voice he's calling for 9200. David Hunter at 20,000, Kia Saki at 35,000. Now, I cannot tell you which one of these guys is right, but I can tell you exactly when, when, when. But I can't actually. I can't tell you. Sorry, I said I can. If I did, I would be, I would be a genie or a fortune teller.

But I can't tell you when these targets will be hit. Nobody can. What I can tell you is this, though, guys, when the banks, the independent analysts and the most respected macro thinkers in the world are all pointing in the same direction when every single one of them is saying gold is going to be significantly higher from here, you got to pay attention. And here's the most important thing I want you to take away from all this, right. You're not buying gold with Reagan Gold Group to flip it next month. You're not buying it to day trade it. You're buying it to protect your family. You're buying it to make sure that no matter what happens in Washington, no matter what the Federal Reserve does, no matter what the stock market does, your wealth is anchored in something real.

So, guys, listen, do not sit on the sidelines while the banks and analysts load up on physical gold. We're going to talk about China stepping into weaponize the global silver supply and why the physical silver market just fundamentally broke. You're going to want to hear this. Trust me when I tell you that, because the setup in silver right now is unlike anything I have ever seen in my entire life. It's the opportunity of a lifetime, and the window is closing fast. All right, guys, I am Walt Phillip’s. You're listening to The Gold Show. We will be right back after these messages. Welcome back to The Gold Show, guys. Once again, I am Walt Phillip’s, and if you were with us before the break, you know that we are talking about massive market moves that we saw this week. We talked about the crypto bust. We talked about gold racing. It's 2026 gains in a single week because of a Friday jobs report.

But now I want to talk about silver because what is happening in the silver market right now is one of the most incredible and infuriating and ultimately, ultimately profitable setups I have ever seen in my life. Let's take a look at the numbers from this week. The paper price of silver took an absolute beating. It dropped nearly 9% for the week, 9% on Friday alone, and plunged almost 6% after that jobs report came out. If you're a casual investor, if you just look at the ticker symbol on your phone, you might see that 9% drop and think, oh no, Silver rally is over. It's done, it's finished. The bottom is falling out. But I need you to look closer. I need you to look past the paper price and look at what is actually happening in the physical world, which is the most important here.

Silver runs on two engines. First engine is monetary. Just like gold. It's a safe haven. Store of value and a hedge against inflation. When Wall Street thinks the Federal Reserve is going to keep interest rates high, that monetary engine takes a hit. That is what caused the paper price to drop on Friday. But silver has a second engine and that engine is industrial. Nearly 60% of all silver mined in the world goes into industry. It goes into solar panels, it goes into electric vehicles. It goes into massive AI data centers, centers that are being built all over the country. Silver is the most it's the most electrically conductive element on Earth. The modern high tech world literally cannot function without it. Did the demand for solar panels suddenly drop 9% on Friday because of a jobs report?

Did the factories building EVs shut down? Of course not. The industrial engine of silver did not slow down by a single revolution. The fundamental physical demand for this metal is higher than it has ever been in human history. According to the Silver Institute's 2026 World Silver Survey, we're currently in our sixth consecutive year of a structural supply deficit. The world is consuming roughly 46,000,000oz more silver than it is pulling out of the ground. Since 2021, we have drained over 760,000,000oz of silver from global stockpiles. We're literally running out of physical silver. Yet the paper price dropped 9% this week. How is that possible? How can a commodity be in a massive multiyear structural shortage and the price drops 9% in five days?

The answer manipulation. Silver hit an all time high of $121 and change an ounce back on January 29th of this year. That was not a prediction. That was the real price that buyers paid for real physical silver. After that peak, the paper price pulled back to the $7,080 range. And now this week's jobs report pushed it down to the high 60s. But the people who bought silver at $121 in January weren't chasing a bubble. They were responding to a physical reality. Silver trading at $130 in Asia, while the COMEX paper priced at 72. China locking up 70% of the global supply, and the Silver Institute confirming a sixth consecutive year of structural deficit. The fundamentals that drove silver to 121 are still there.

Every single one of them. The only thing that changed is that a Friday jobs report gave the Wall Street algorithms an excuse to sell paper contracts. If silver could hit $121 in January, when the fundamentals were exactly as they were today, what does that tell you about where it's going from? $67. As I'm speaking right now, it tells you that this is not a time to be afraid. This is a time to be aggressive. So guys, before explaining how the big banks are suppressing the price is silver, I want you to get a pen. I want you to write down this number. Once again. It's 1-800-702-2212. That's 1-800-702-2212. Or write down the website GoldGoodLife.com If you understand that the physical supply of silver is vanishing, then you understand that this paper price drop is the buying opportunity of a decade.

Do not wait for the paper price to catch up to reality. Call Reagan Gold Group right now again 1-800-702-2212 or go to GoldGoodLife.com. So you can get physical silver as well into your possession at this price. All right guys. So let's get into it. Let's talk about this manipulation that I just mentioned. Let's talk about how the paper market for silver is completely divorced from physical reality. I want to take you back to the beginning of this year, January 1st, 2026, on New Year's Day. The paper price is silver on COMEX. The Commodity Exchange in New York was sitting at around $72 an ounce. But on that exact same day, if you went to a physical bouillon dealer in Japan, or if you went to a dealer in the UAE and you tried to buy an actual physical bar of silver, you want to know what they were charging guys.

You'll never guess $130 an ounce. Physical silver was trading at an 80% premium to the paper spot price. In the entire history of the modern precious metals market. We have never seen a decoupling like that when a market splits that drastically, when the paper says 72, but the physical metal cost 130, it tells you two things. First, paper price is almost fiction. Second, there is no actual physical silver backing up those paper contracts and the big banks know it. Let's talk about JP Morgan now. JP Morgan is one of the biggest players in the silver market. In 2020, they paid a $920 million fine to the Department of Justice for manipulating the precious metals futures market. They were caught red handed spoofing the market, placing massive fake orders to drive the price down and then buying physical metal at a discount.

We went over that last week, but I'm going to keep mentioning this. Investigative journalists recently uncovered something terrifying. JP Morgan sold massive amounts of silver shorts, and they bet the price of silver would fall. But it didn't fall. Year over year, Silver's up 87%. Back in January, it spiked to an all time high of that $121 number because the price went up instead of down. JP Morgan is now on the hook to deliver more than 1900 tons of silver that they don't have their exposures estimated to be somewhere around 13.7 billion. So what are they doing? They're panicking. In December of last year, the Commodity Exchange raised margin requirements on silver futures three separate times on December 12th, 29th and the 31st and less than three weeks.

They forced the small traders to put up more cash, which forced them to sell their positions, which artificially drove the paper price down. And while the paper price was being driven down, what was JP Morgan doing? They were taking maximum physical delivery. They reversed their strategy entirely. They stopped trying to short the market and started aggressively pulling physical silver out of the vaults. Do you know how much silver JP Morgan holds today? Approximately 750,000,000oz. The single largest private holder of physical silver in the world, the same bank that paid nearly $1 billion in fines for manipulating the silver markets. Now sitting on 750 million physical ounces. They're not doing that because they think silver is going lower. They know that when the COMEX finally breaks, when the paper contracts can no longer be settled with physical metal, the price is going to reset to reflect the true scarcity of the physical supply.

And they want to own as much of it as possible. Before that happens, think about what that means for you. The most sophisticated financial institution in the world is telling you with its actions, not its words, but its actions, that physical silver is worth accumulating, right? This is the game, folks. Wall Street suppresses the paper price to shake you out. They created 9% drop in a single week to trigger the weak hands. They want the casual investor to panic and sell, and while the weekends are selling the strong hands, the banks, the institutions, the and the smart money, and possibly you are backing up the truck and loading it up with physical silver at a massive discount. Which one are you going to be?

Are you going to be the weak hands that get shaken out by a freaking computer algorithm? Or are you going to be the strong hand that buys this massive dip? I'm not even going to say dip that buys this massive gift and holds the actual metal. So guys, don't fall for the illusion. Don't let Wall Street steal your wealth. It. If the biggest banks in the world are aggressively buying physical silver right now, what should you be doing? Think about it. You should be calling Reagan Gold Group right now at 1-800-702-2212, or go to that GoldGoodLife website. GoldGoodLife.com and the specialists at Reagan Gold Group understand exactly what's happening in this market. They can help you secure physical silver coins and bars delivered directly to your door, fully insured, or they can help you roll over your IRA or 401(k) into physical metals, tax free and penalty again guys.

1-800-702-2212 two or GoldGoodLife.com right now. And get your physical silver before the banks buy it up. All right guys. So let's move on to another piece of the puzzle. Because if you still aren't convinced that the physical silver market is breaking, this will push you over the edge. On January 1st of this year, while everyone was celebrating the new Year, the government of China made a move that fundamentally altered the global silver market. China reclassified silver. They took it off the list of ordinary commodities, and they officially designated it as a strategic resource. They implemented the most aggressive export controls we have ever seen. They decreed that only 44 specific government approved companies are allowed to export silver out of China. Why does this matter? Why does it matter? It matters because China controls roughly 60 to 70% of the refined silver that's traded globally.

China is looking at the same data that we are guys. They see the solar panel demand. They see the EV demand. They see the AI data center demand. They know that the world is running out of silver. So what are they doing? They're cutting off the supply to the West. They are hoarding their silver to ensure that their own domestic industries have what they need to dominate the technologies of the future. Even Elon Musk came out publicly and criticized this move. He knows that his company's cannot survive without silver. He knows that China just locked up the majority of the global silver supply. And because of this manipulation on the COMEX, the rest of the world is starting to fight back. Just a couple weeks ago, a new exchange called ABC's that's a launched in Singapore.

They launched the physically deliverable silver futures contracts. Why does that matter? You asked? Because the pricing power is moving from west to east. The world is getting tired of the paper manipulation in New York and London right now, as I record this physical silver in Shanghai is trading at an 11.8% premium over the US price. That means 11.8% higher in Shanghai than it is here. The East is demanding real metal and they are willing to pay for it. The COMEX is losing its grip, and when they finally lose that grip entirely, silver is going to go exactly where it's supposed to be. Now let's talk about where it's supposed to be. Historically, the ratio of gold to silver was 15 to 1. It took 15oz of silver to buy one ounce of gold today, gold sitting at around $4,300 after that crash on Friday, that's an ounce.

And if we went back to that historical 15 to 1 ratio, silver will be trading at nearly $300 an ounce right now. Instead, it's sitting at $68. The ratio is broken and it can't last. But the good news for you is you are now presented with a gift. So guys, I want to pause right here because if you were listening to this and you do not own any physical silver, this is your moment. The ratio is broken, the manipulation is losing its grip, and the price is sitting at $68. I want you guys to call Reagan Gold Group right now at 1-800-702-2212. Or again, go to that website GoldGoodLife.com. Tell them you heard about the gold to silver ratio on The Gold Show. And you want to know how much silver you can get into your hands today.

The call is free. There's zero pressure. There is no obligation. Call 1-800-702-2212. Again 1-800-702-2212 or visit GoldGoodLife.com guys, I also want to talk about something that the mainstream financial media completely ignores. When they cover the silver market. They talk about it purely as an investment vehicle. They talk about the price chart, they talk about the fed and the interest rates, but they never talk about the fact that silver is being consumed, that it's being used up at record rates. When you burn a barrel of oil, you get energy and the is gone. When you use silver in a solar panel, the silver is gone. It's embedded in the panel, it is converted into electricity, and it's not coming back. When you use silver in an EV battery contact, it's gone. When you use silver in a semiconductor, it's gone.

This is fundamentally different from gold. Most of the gold that has ever been mined is still sitting in a vault somewhere and be recycled, melted down and reused. But silver is consumed by industry at a rate that makes recycling it very, very difficult. The Silver Institute estimates that over the next decade, the solar industry alone will require more silver than the entire world currently mines in a year. And that's just one industry. Add in EVs, add in AI data centers, add in medical devices, add in defense applications. The math isn't complicated, guys. The world needs more silver than it can produce. The stockpiles are being drained and the price is being artificially suppressed by paper contracts on a screen. When those three forces collide, when the physical shortage becomes undeniable, when the paper manipulation finally breaks, and when the industrial demand continues its relentless march upwards, the price reset is going to be violent and swift.

The people who own physical silver before that happens are going to be in an extraordinary position. In the first segment of this show, we talked about what the independent analysts are saying about gold. Now, let's switch gears. I want to tell you what they're saying about silver, because if you thought their gold targets were aggressive, wait until you hear this. Michael Oliver, the guy we mentioned earlier, the man who was called every major momentum shift for the last 30 years is calling for silver to reach 3 to $500 an ounce. And he believes that move could start happening as soon as this summer. David Hunter again, who we mentioned earlier, the macro strategist guy with 50 years of experience, guys, 50 years says that $180 silver is conservative.

He's calling for 2 to 500 silver in the aftermath of the coming market post. Guys, this is by the end of 2026. This isn't ten years from now. Andy Shechtman, who we mentioned briefly earlier, he is the CEO of Miles Franklin, is on the record calling for $200 silver. Robert Kiyosaki, who we mentioned earlier, is calling for $200. So think about the math on that, guys. If you buy Physical Silver Day, it's $68 an ounce and it goes to 500. That's almost a ten x move on your money, a ten x return anchored in a physical asset that you hold in your hand. Silver is trapped in a cage right now. It is the most undervalued asset on the planet, but the bars of that cage are bending.

The COMEX is losing its grip, China is hoarding the supply, and JP Morgan is stacking 750,000,000oz. When silver finally breaks out of this cage, it is going to happen violently. It's not going to send you a text message. It's not going to call you and warn you. It's just going to move, just like it did in January when it shot up to $121.62. Either have it or you don't. Now, think about what I just told you Michael Oliver, David Hunter, Andy Shechtman, Robert Kiyosaki. These are not internet influencers or YouTubers. These are men who have spent their entire career studying money markets and wealth with a combined 200 plus years of experience calling markets correctly. And every single one of them is pointing at silver right now.

If you've been on the fence, get off the fence. Call Reagan Gold Group at 1-800-702-2212 or go to GoldGoodLife.com specialist. There will walk you through exactly how to get physical silver into your hands, whether that's coins and bars delivered to your door or a tax free silver IRA rollover call again guys 1-800 -702-2212 or GoldGoodLife.com. Do not wait for the breakout to happen before you act. So guys let's review the situation right. We have a six year structural deficit where we're consuming more silver than we mine. We have massive unrelenting industrial demand that is completely immune to interest rates and jobs report. We have China hoarding 70% of the global refined supply. We have the biggest banks in the world scrambling to cover billions of dollars in short positions by aggressively buying physical metal.

And we have physical silver trading at an at a huge premium to the paper price in major Asian markets. And here is the final piece that I want to leave you with. I want to talk about what this means for seniors specifically, because I know that a large part of our audience is made up of men and women who are in their 50s, 60s, and beyond. People have worked their entire lives who have saved diligently and who have done everything right. Right now you are watching your paper savings eroded by inflation. You are watching the stock market swing wildly. You are watching your fixed income buy less every single year. My own mother guys went through this. She had her life savings in stocks, bonds and cash and she would call me worried sick every time the market dropped.

When she finally moved a portion of her savings, with my help into physical gold and silver, something changed in her. She stopped calling me in a panic, not because the world got less chaotic. It didn't, but because her wealth was in her hands. It was real. Nobody could print it away. That peace of mind is priceless and priceless, and it's available to every single one of you that are listening to me right now. And yet this week, the paper prices silver dropped 9%. If you can't see the opportunity staring at you in the face right now, I don't know what else to tell you, I just don't. The paper market is an illusion. The fiat dollar has lost over 90% of its purchasing power since the Federal Reserve was created. But physical silver is truth.

It has been real money for 5000 years. It cannot be printed. It cannot be created out of thin air. It has to be pulled from the earth. If you have worked your entire life to build a nest egg, you cannot afford to leave it exposed to Wall Street algorithms and government printing presses. When you buy physical silver at these artificially suppressed prices, you're buying it. You're buying a dollar for $0.50. But guys, you have to act because by the time the paper price catches up to the physical reality, by the time comics breaks and the manipulation ends, the silver will be gone. The central banks will have it, JP Morgan will have it, China will have it, and you'll be left holding nothing. So don't let it happen to your family.

Take advantage of this week's price drop. Treat it like the gift that it is. Pick up that phone and call that number 1-800 -702-2212 or go to GoldGoodLife.com and speak to somebody about your options. All right guys we've said a lot and that's all the time that we have for today. I know we covered a lot of ground. I know the markets can seem chaotic and terrifying when you watch the mainstream news. But I want you to remember this chaos is only terrifying if you were not prepared for it. I'll leave you with that. Guys, this is your friend, Walt. Phillip, this has been The Gold Show, and I will see you guys next week. Bye.

Announcer

You've been listening to The Gold Show with Walt Phillip’s, 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 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.