Episode 3: Gold & Silver’s Second Chance | 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 800-702-2212 or visit GoldGoodLife.com That's GoldGoodLife.com Now here's your host, Walt Philips.

Walt Philips

Welcome back to The Gold Show. I am your host Walt Philips. In this show is brought to you by my good friends at the Reagan Gold Group. If you were with us last week, you know, we had a serious conversation, folks. We talked about the massive drop in the paper price of gold and silver. We talked about the Wall Street algorithms reacting to a single jobs report, driving the paper price down while the physical supply continued to vanish. We talked about the crypto bust, the manipulation on the COMEX, and why the most important thing you could do in that moment was not panic, but buy. And if you listen to me last week, if you picked up the phone and called Reagan Gold Group and secured your physical metals when the prices dipped, I want to congratulate you, because exactly what we said would happen is already starting to happen.

Let's look at the numbers. Last week we saw silver bottom out at around $63 an ounce. It was a brutal artificial suppression driven by paper contracts and forced liquidations, not by any change whatsoever in the physical reality of the market. But here's the thing about the physical reality you cannot suppress it forever. The industrial demand from solar panels, electric vehicles, AI data centers does not care about Wall Street algorithms. The structural deficit will not take a week off because the jobs report beat expectations. And so the bounce happened. And as of the close of the last week, silver had already climbed back $68 an ounce, $268 an ounce, rather. And that's a $5 move off the bottom in a matter of days. Not because anything changed in the macro picture, but because the physical buyers, the ones who understand what is actually happening in this market, stepped in and took advantage of the discount.

Gold did the exact same thing. We saw gold dip down dangerously close to the $4,000 mark. The mainstream financial media was doing what it always does, running the headlines telling you the rally was over, telling you to sell. But what happened? The physical buyers stepped in. The central bank stepped in, the smart money stepped in. And now gold has rallied right back up to the 4240 $300 range. And this is the pattern. This is how the game works, folks. The paper market creates the dip, the smart money buys the dip, and the paper market eventually catches up to physical reality, which we are on the precipice of. But here's what I want you to understand this week. The fact that gold and silver bounced back this quickly, the fact that the physical buyers absorbed that selling pressure and pushed prices right back up, tells you something very important about the strength of this market.

This is not a fragile rally. This is a structural bull market in precious metals. And the dips are getting bought faster and faster and faster. I'm not here today to take a victory lap, folks. I'm here because the window of opportunity that opened last week is already starting to close. And if you're still waiting on the sidelines, I don't know what you were doing. If you're still wondering whether this is the right time to move your money out of the casino and into something real, I need you to listen very carefully to what I'm about to tell you. But before we go any further, I want you to grab a pen, and I want you to write this down, because by the end of this segment, you're going to understand exactly why waiting is the most dangerous financial decision that you can make right now.

That number is 1-800-702-2212. That is a direct line to the precious metals specialist at Reagan Gold Group. Again 1-800-702-2212. Or if you prefer, if you want to do it online you can go to GoldGoodLife.com Again that is GoldGoodLife.com Write that down. And that's where you can get the information that you need to protect your future. And a quick disclaimer is always, folks. As a reminder, I am not a tax advisor or financial planner. The information I share is based on my personal opinion and verifiable market data and research. All right guys, so let's get into it. I talked to a lot of people every single week. I talked to seniors. I talked to retirees. I talked to people who have worked 40, 50 years to build a nest egg.

And the one thing I hear over and over and over again is a profound sense of uncertainty. People are looking at the stock market and they are terrified. They see massive swings. They see tech stocks propping up the entire index while the rest of the economy struggles. They see cryptocurrency billionaires, aka mark Cuban, losing, rather losing, selling all of their bitcoin because they no longer have faith in it. And we're also seeing massive busts in federal investigations. They see inflation that the government claims is under control. But every time they go to the grocery store, the gas station, their wallet tells them a very different story. And then they asked me, hey, Walt, I don't know that much about gold and silver. I've been in the stock market my whole life.

I've got my 401 and mutual fund. Should I really be moving my money into precious metals? My answer is always going to be the same. It is okay if you don't know everything about the mechanics of the gold and silver markets. You don't need to be an expert in COMEX margin requirements or the gold to silver ratio to understand what is happening in the world right now. You don't need a finance degree to see what's in front of you. All you need to know is this the world is in a state of complete and utter uncertainty, and in a world of uncertainty. The only thing that has ever provided true financial security is real physical, tangible wealth. Look around you folks. We have wars raging in Eastern Europe and the Middle East.

We have a national debt approaching $40 trillion with interest payments that are mathematically unsustainable. We are spending more money just paying the interest on our national debt than we are spending on national defense. Think about that. Think about it for a moment. The interest alone, not the principal, just the interest. If your retirement is sitting in the stock market right now, you were gambling. You were sitting at a casino table hoping that the music doesn't stop before you can catch out your chips. You were hoping that a geopolitical crisis doesn't trigger a 30% correction, and you're hoping that the Federal Reserve can somehow engineer a soft landing while managing that $40 trillion in debt. You are hoping that the system that has been running on borrowed time and borrowed money can hold together just long enough for you to get out.

I'm going to say something that might make you uncomfortable. Hope is not a financial strategy. You cannot retire on hope. You cannot protect your family's future with hope, and you cannot afford to gamble with money that took you a lifetime to build. The stock market is not wealth. It is a number on a screen that can be cut in half overnight. When the right crisis hits. Your 401 is not security. It is a promise, a promise made by institutions that have broken promises before and that will break promises again, denominated in a currency that is losing value every single day. Physical gold and silver are different. They are not a promise. They are not a number on a screen. They are real.

They're in your hands. They cannot be inflated away. They cannot be hacked. They cannot be frozen by a bank. And they definitely cannot go to zero. All right, guys, so you know, if you need certainty, you need an anchor. That's exactly what physical gold and silver will provide. If you're tired of losing sleep over the stock market, if you're tired of watching inflation eat away at your life savings, you need to take action today. Call the Reagan Gold Group at 1-800-702-2212. Again, guys 1-800-702-2212. Or if you prefer, go to GoldGoodLife.com. And the specialist there can help you move your vulnerable paper assets into the safety of physical metals. They can even help you roll over your existing IRA or 401(k) tax free and penalty free into a gold IRA. Call again guys.

1-800-702-2212. That is 1-800-702-2212 or visit GoldGoodLife.com right now. All right. So when people tell me they are hesitant to buy gold or silver because they don't fully understand it, I always bring them back to one simple, undeniable fact. Gold and silver have been money for 5000 years. 5000 years. Let that sink in for a minute. Before the United States dollar existed. Gold was money before the British pound, before the Roman denarius, before the concept of the central bank or stock exchange, or a digital cryptocurrency was even a thought in someone's mind. Gold and silver were the standard of wealth. Every civilization on every continent, in every area of human history, independently arrived at the same conclusion. Gold and silver are real money.

Now contrast that with the US dollar. The dollar has only existed since 19 1792. The Federal Reserve, the institution that controls the dollar, has only existed since 1913, and in that relatively short time, the dollar's lost over 97% of its purchasing power. A dollar in 1913 bought what would cost you over $30 today. That's not a store of value. That's a slow motion collapse. Every single fiat currency in the history of human civilization has eventually failed. Every single one. They all follow the same exact pattern. A government spends more than it takes in. It prints paper money to cover the difference. The paper money loses its value, the citizens lose their purchasing power, and eventually the system collapses and resets.

The Roman Empire debased its currency the way my Republic printed money until it was worthless. Every Inanna Republic, every empire, every nation that thought it could outsmart the laws of economics eventually learned the same lesson. We were watching that exact cycle play out in real time with the US dollar. The printing presses have been running nonstop for decades. The purchasing power of the dollar has plummeted. The national debt is growing at a pace that no serious economist believes is sustainable. But gold and silver, they don't fail. They don't go bankrupt. They cannot be printed out of thin air by a politician trying to win an election. They have to be pulled from the earth with heavy machinery, refined and then minted.

They have intrinsic, undeniable physical value that no government decree can ever erase. And here's the thing, folks, that I want every senior listening to this show to really hear. When you buy physical gold and silver, you are not buying a promise. You are not buying a digital blip on a screen. You were not buying a piece of paper that says someone owes you something. You're buying the only financial asset that has 100% success rate of preserving wealth over the course of human history 100%. Not 95%, not 60%, not 70%, 100%. In a world where everything feels fragile, where supply chains are breaking, where borders are contested, where the cost of a carton of eggs feels like a luxury. Gold and silver, the only things that remain solid.

They are the ultimate insurance policy against the arrogance of central bankers and the chaos of the modern world. Do not leave your family's future exposed to a failing paper system. Anchor your wealth in 5000 years of proven history. Call the Reagan Gold Group right now again. 1-800-702-2212 folks or go online toGoldGoodLife.com The consultation is completely free. There is no pressure, no obligation, just real answers from professionals who understand exactly how to protect your hard earned money. Again 1-800-702-2212. That's 1-800-702-2212 or visit GoldGoodLife.com today. All right folks, I want to talk to about the future. Now. I want to talk about where we are going and why the urgency to act right now is higher than it has ever been.

We just saw silver bounce back from 63 to $68. We just saw gold rally back from, you know, around 4000 to 42, $4,300 range. If you are looking at those numbers and thinking, well, maybe I'll just wait for another dip, maybe I'll wait until silver goes down to 50 or gold goes down to 3500 bucks. I'm telling you right now, that's a fool's game. And don't hold your breath. And here's why. The fundamentals of these markets have fundamentally and permanently shifted. We are in the sixth consecutive year of a structural silver deficit. The world is consuming tens of millions of ounces more than it is mining every single year. China has reclassified silver as a strategic resource and locked down 60 to 70% of the global refined supply.

The big banks are accumulating physical metal at a record pace. The central banks of the world are dumping dollars and buying gold at the fastest rate in history. These are not temporary conditions. These are permanent structural changes to the global economy. The supply of silver is not going to suddenly increase because the price dropped for a week. The national debt is not going to magically disappear because the jobs report beat expectations. The geopolitical tensions that are driving central banks gold buying, rather they're driving central banks gold buying are not going to evaporate overnight. I believe with every fiber of my being that we are standing at the edge of a massive repricing event, I believe that two digit silver, priced anywhere under $100 an ounce, is going to be a thing of the past much sooner than anybody realizes.

I believe that looking back a few years from now, people are going to talk about 60 range silver, $65 silver, whatever you want to call it. The way they talk about buying real estate in the 1970s, they're going to say, I can't believe it was that cheap. Why didn't I buy more? The same goes for gold. We have independent analysts, men with 50 years plus experience in these markets calling for 80,500 to $10,000 gold, even $20,000 gold in the aftermath of the coming market busts, when gold is sitting at 4200 bucks, or whatever it may be sitting at when you're listening to this right now, you're not buying at the top.

You're buying at the foundation of the next massive leg up. And here's the thing you need to understand about how these markets move. They do not move slowly. They do not give you a polite warning when the comic's manipulation finally breaks, when the physical shortage becomes undeniable to the mainstream market, the prices are going to go up violently and without warning. We already saw a preview of that in January of this year, when silver shot from 72 to over $121 in a matter of weeks. That was not a gradual climb. That was a vertical move, folks. And when the next leg up happens, it's going to be even more dramatic if you're not already positioned. When that happens, you were going to be left behind.

And I don't want to create any fear here. But the math doesn't lie. The math does not lie. You're going to be forced to chase the price at $100 at 150 or at 200 or worse, you're going to be locked out entirely because the physical supply is going to be gone. The central banks will have it, JPMorgan will have it, China will have it. And the people who waited will be left holding paper. In a world that has finally figured out that paper is not wealth, it's just an IOU. This is your warning. And I say that again not to create fear, but this is your moment. The window to buy two digit silver and gold with a foreign front of it is closing.

Pick up the phone today, right now, and call Reagan Gold Group at 1-800-702-2212. Or go to your computer and type in GoldGoodLife.com. Tell them you want to secure your position before the next breakout. Tell them that you want to protect your retirement from the coming storm. Whether you want physical coins and bars delivered directly to your door, or you want to roll over your IRA or 401(k) tax free and penalty free, they will take care of absolutely everything. I did it for my own mother, folks, and as I've mentioned before in these previous week's shows, you know, she spent ten years and one day, as I'd like to say, worrying about stock markets and this, that and the third. But after that, one day of speaking to the Reagan Gold Group and moving everything over to precious metals, she sleeps well at night, you know, and I can't tell you what a blessing that is to have my own mother.

God bless her soul. Not even mentioning stock markets to me anymore or anything like that because she finally feels secure. So I'm not only telling you this to do this just to do it, but I'm telling you from my own personal experience. Make that call today, guys. Again, it's 1-800-702-2212. That's 1-800-702-2212 or visit that GoldGoodLife.com. Don't do it for me guys. Do it for your own peace of mind. Do it for your family. All right guys, now listen, I want you guys to stick around because when we come back from the commercial break, we're going to do something special on The Gold Show today. And I'm bringing on a very, very special guest. I talk to you guys every single week about the macro picture.

I talked to you about the central banks, the deficits, the manipulation and the history of money. But today I wanted to bring someone on the show who is in the trenches every day, someone who talks to hundreds of Americans every week about their fears, their portfolios, their future, someone who hears the real questions, the real hesitations, and the real breakthroughs that happen when people finally decide to protect themselves. This is a man I've been personal friends with for a very long time. We share a lot of the same opinions on markets, on, on, on the economy, and most importantly, the absolute necessity of owning physical precious metals. He's one of the sharpest, most honest minds in the precious metals industry. And the conversation that we're going to have is going to give you a completely different perspective on the market.

One that you're not going to hear anywhere else. And you folks are not going to want to miss this. Please stick around. But before we head to the break, I'm going to give you that number one last time. If anything I have said today so far resonates with you. If you feel that uncertainty in your gut when you look at the world around you, do not ignore it. Act on it. The time is now. There is no better time than this very moment to seize the day. Call the Reagan Gold Group 1-800-702-2212 or you can go to GoldGoodLife.com. Get the information, get the protection, get the peace of mind. And the call is free. 1-800-702-2212 or visit GoldGoodLife.com. We'll be right back with our special guests. Do not go anywhere. See you soon, folks.

Welcome back to The Gold Show. I am your host, Walt Philips. In the first segment, we laid out exactly what is happening in the gold and silver markets right now. The bounce back, the urgency, and why the window to buy at these prices is closing. If you missed it, I strongly encourage you to go back and listen. But right now I want to shift gears because for this segment, guys, I'm bringing on a special guest, someone who is in the trenches of this market every single day. As mentioned earlier, my guest is Carl. He is the top producer at Reagan Gold Group, the sponsor of this show and a man I have been personal friends with for over ten years. Carl talks to hundreds of Americans every single week seniors, retirees, first time buyers. And he hears the real questions, the real fears, the real breakthroughs that happen when people finally decide to take control of their financial future.

He's one of the sharpest, most honest voices in the precious metals industry, and I am thrilled to have him here. Carl, welcome to the show, man. Hey, good to talk to you, buddy. Thanks for having me. Really, really appreciate it. Absolutely. Absolutely. So, Carl, let's just jump right into it, man. And I want to ask you this first question, which is, you know, to me, one of the most important questions I can ask a guy like you, and that is, you know, you talk to hundreds of people every week, you talk to the seniors, you talk to retirees that are protecting your life savings.

Carl, when people first come to you, when they make that first phone call, what are the most common misconceptions they have about precious metals? What are the biggest challenges you face when you speak to people regarding what they've been told, what they think they know, and what they believe about investing in gold and silver. Okay, well, that's a lot there. You know, I say one of the biggest things I misconceptions I get from folks vault is really that this is very easy to do. So many folks can get very difficult and that it's not real gold. Silver. You know, one of the first things is, is, you know, a lot of these financial advisors out there don't sell gold and silver, so they don't tell their clients about it.

Or when clients do ask them about gold and silver, they unfortunately don't give them truthful information. You know, a lot of times they try and sell these folks ETFs or paper metals, which are a totally different animal in itself, right. But you first off, you know, but then they tell them, you know, the fees are high. It's expensive. It's hard to do. It's hard to saw. And those are all total misconceptions and total lies. I mean unfortunately the fortunately for us it's very simple and easy to purchase metals. I mean, you know, a lot of folks either just use cash, meaning, you know, they write a check for wireless funds and we send the metals to their home, or folks do not want to hand the medals in their personal space.

So they will set up an account, one of the depositories, and had them pulled the metals for them. And that's a very easy process. Or, you know, a lot of folks do what's called an IRA rollover. And when they roll the funds over from the retirement account, I mean, we have a team here in house and we always jokingly say they do the heavy lifting, but they really do. I mean, you guys are fantastic. And, you know, they make the products very simple and easy and holder to answer that from start to finish. So you know that's easy there. You know, also I mean a lot of, you know misconceptions about gold and silver. I mean there's just a lot of fake news, I guess, as they say out there about it.

I mean, you know, metals have done well throughout the years. I mean, we've seen paper assets go to zero. You know, we've seen fiat currencies globally go away. We've never seen an ounce of gold or an ounce of silver not have any value. I mean, I guess theoretically anything can happen, but I don't think that's too likely. You know, I really don't think that's going to happen anytime soon, especially with, you know, the debt, the money printing, the inflation, the dollar devaluation, I mean, and all the other crazy stuff we got going on in this world around us. Right, right. And all amazing points, Carl. And you know, something that, you know, I discussed last week here on the show were the differences between paper and physical.

And surprisingly, a lot of people do not understand A the difference and B the decoupling and how big a difference there is. Let's talk about silver for a second. Just the difference in the physical silver price, with it trading at a 12% premium in Shanghai in comparison to COMEX to here, you know, in these United States where people have a suppressed price and, you know, when you come across first time buyers, a you know, do they understand that concept and be, you know, do they do they think that, you know, because the manipulation is so strong that there just isn't a future for these metals?

Well, first of all, I think a lot of folks, especially people who've never bought before, was their first interest. They don't even know, you know, the difference between what the spot price is and, you know, the fact that it's nothing more than the raw material on the ground or the commodity of that equities market in comparison to the actual physical asset. There are costs involved to mining, refining, minted shipping, you know, and then supplying the specific assets all played into the price of that physical asset in your hands. But that's what everybody wants. You know, I mean, unfortunately, the paper we carry in our pocket that we call money is any money is fiat currency. And, you know, the fed is printed so much of it throughout the years.

I mean, unfortunately, you know, considering defense and heading for part of the government, it's the central bank, you know, I mean, we're we're wrapping Peter to pay Paul here. And that's why things you know, the prices haven't come down on anything and everything is staying where it's at. So, you know, right off the get go, a lot of first timers don't even realize that price on the equities market isn't what you're paying for the asset. And that's nothing more than like you just said, you know, there is manipulation in that. You know, I mean, when you have paper assets where they're selling every ounce of paper, gold or silver hundreds of times over that same ounce, what do you have? Right in a piece of paper, you know, and other sock, you know, you know that first off, you know, in regards to, you know, the actual value of the assets, I really don't think people realize the magnitude of the situation we're in.

I guess at this point, you know, there's a reason why our phones are ringing and people are buying. You know, people that are in the know are buying at the pace that they're buying right now. You know, I mean, so many folks, unfortunately, are sitting on the sidelines waiting. You know, I mean, a lot of folks are I'm not knocking them. I have a lot of friends in the business that are financial advisors. They're great people, but they're never going to tell you to do anything that doesn't benefit them and their pocketbook. You know, I mean, they're never you know, these are the people that most folks who rely on to teach them about financial things and educate them. But unfortunately, there's you skew they don't sell a product.

They're never going to tell you about it. So the reality of it is, is, you know, a lot of people don't even realize, you know, that metals are even an option as well as the benefits that they do provide. Right. Very good points, Carl. All very good points. And I actually want to pause right there because guys, if anything that Carl is saying right now is resonating with you, if anything that you've heard in this first segment or in this brilliant second segment that we've just begun is resonating with you, I want you to do me a favor and grab a pen, and I want you guys to write this down.

I want you to call Reagan Gold Group 1-800-702-2212 or go to GoldGoodLife.com. The call is completely free. There is no pressure. And you will get to speak with a specialist who understand exactly what Carl and I are talking about in this very moment. Again, guys, call 1-800-702-2212. That's one 800 702 2212 or visit GoldGoodLife.com right now again that's GoldGoodLife.com. All right. Call back to what we were just talking about. You know let's pivot here Carl a lot of people listening right now have their entire retirement tied up in a 401(k) or an IRA that's heavily exposed to the stock market. They want the safety of gold, but they think it's too complicated to move those funds. Can you explain quickly to the audience just how simple the gold IRA rollover process actually is when they work with you and your team?

Yeah, I mean, it's really, really simple. I mean, all we're doing is moving money from one qualified account to another. So it's a qualified rollover. It's a nontaxable event. You know, essentially all you're doing is, you know, our team here I'll help you set up, you know, the account. You know, you know do the application name address and beneficiary info and then, you know, find out exactly what paperwork's needed to do a qualified rollover from your custodian. You know, I mean, the whole process generally takes a couple of weeks from start to finish. It just depends how quick your custodian sends the funds over. But I mean, it really takes about an hour on the phone over a few week period from start to finish. I mean, it's really a great program and not enough people are aware of, you know, I mean, I'm one of those people.

I always like to say, I don't like to have all my eggs in one basket. Fortunately, you know, when you have everything in paper, I mean, you know, another misconception right here, you know, back to your initial question here is, you know, I'm diversified. Well, best friend with different stocks or bands or what have you. But in the end you still have paper assets all based in US dollars. So how are you really? You know, I mean, everything's there together. You don't have anything, you know, different where, you know, physical metals have that inverse relationship, like I said, to the equities market, but more importantly to the US to the US dollar. And that's one of the reasons people are looking to do this. I mean they're trying to hedge against that.

Metals are kind of meant to be that policy against, you know, another 2008 scenario or, you know, the fed going to a new currency. I mean, I know there's a lot of talk out there. I get questions all the time from folks about, are we going to a digital currency or they call it a cryptocurrency, which is a totally different thing. But, you know, people are always asking that, or are they going to revalue the dollar, which there's been a lot of information out there about that. And, you know, that's a scary thing, you know? So if any of those things do happen, you know, obviously history doesn't have to repeat itself. But, you know, I don't know why it wouldn't.

Those are the types of events and things that happened where metals, gentlemen, genuinely rise to a level of, you know, significant growth. I mean, I'm a data guy trying and I'm very simple when it comes to, you know, investing myself personally and what have you. So for me, I try and just make sure, you know, just keep it simple, you know, look around your house. People walk around your house, you got a TV, you got an iPhone, you got a laptop, you got a iPad. I mean, you know, they're using silver and all these products, you know, now with this huge AI boom silver dramatically use, you know, I mean, it's one of those things that it just look around and I, I always tell people if central banks are buying medals at the rate that they're buying at throughout the world, not just in the US.

Throughout the world. Why is it good enough for them and not for folks like us? I mean, if all these paper assets were so valuable, why are all these, you know, brokers and financial companies wanting to push them on that? Why don't they keep them for themselves? Right, right. Very good points, Carl. Very, very, very good points. And guys, I just want to pause again really quickly here. Again, wonderful things that Carl just said. Guys he's dropping some real gems right here. Again guys I want to remind you men, make sure make sure that you folks at home are grabbing a pen. Write this number down once again. 1-800-702-2212 or go to GoldGoodLife.com again the guys, the call is completely free. There is no pressure folks.

You will get to speak with specials who understand exactly what Carl is talking about today and what I'm talking about again. 1-800-702-2212 or GoldGoodLife.com. All right Carl. So let's pivot a second. And this is something that I spoke about. Yeah. Well one second let me just kind of touch on what you just said. There is no pressure here at Reagan folks. It's real simple. This is your money, not ours. It's about doing this at your own pace and the way you want to do. And we're here to just help facilitate that process and give you the information you need to make an informed decision, you know. So feel free to call us and chat with anybody. I'm available as well.

If you want to talk directly to me when you call in, just ask for Carl. You know I'm the only Carl here, so, you know, I'd be more than happy to assist myself. But, you know, we're here to just make sure you have what you need to make that informed decision. And definitely something to, you know, know that you're not going to get high pressure sales or any of that kind of stuff. That's not what we do here. You know? That's why we have the reputation. Yes. So I'm sorry for interrupting. Yeah. No worries. Call and listen. Very important information. And guys, you know, you heard it from the horse's mouth right there. Zero pressure to call in. It is a free call to sit with Carl and talk for 15 minutes about something that can be so very vital for your future.

Again, guys, that number 1-800-702-2212 or go to GoldGoodLife.com. Carl, you know another thing that I stress a lot and something that people talk to me about a lot is that they see today's prices. And you know, last week silver or a couple weeks ago silver dropped down in the low 60s, we hit that high of 121 and change in January of this past year on silver. Gold right now, you know, dropped down to almost 4000 a week or two ago. And now, you know, we've rallied back up a little bit. I always like to say that I personally believe and again, this is my personal experience, my personal opinion rather. But I don't think that we have much longer of seeing double digit silver or seeing gold with a four in front of it.

And the time to buy right now, to me, is more prevalent and more apparent than it has ever been, because eventually people are going to look back. And I never want to tell people that you've missed the boat, because I'm a firm believer that you never missed the boat in life. But that being said, would you rather get in on two digit silver and gold with a four in front of it, or three digit silver and gold with a different number of 5 or 6 is seven? And Carl, I just kind of want to segway to your thoughts. Where do you think these metals are headed? I mean, are we on the same page with that? Do you think that silver and gold are going to break out of this reality, this floor that they're in right now to go to a new reality? And, you know, where do you see the markets trending right now for both metals?

Yeah. First of all, I think what you just said is spot on. I mean, I am totally I couldn't agree with you anymore. I mean, first of all, metals have done very well throughout the years. You know, I mean, I'm for believer personally and, you know, whatever goes straight up usually comes straight down. So yeah we had a little bit of a pullback. Great. But you got to remember that pullback or that spot price is heavily weighted with the paper gold and silver. So there were a lot of traders and a lot of you know speculators that were buying paper metals until this war. And then they kind of dumping pump and dump and they dumped their assets, made their profits and, you know, went from there.

I mean, I talked to a friend of mine who is in the financial space. He had been a group of guys, bought it from amount of paper silver, did incredibly well on it, sold it when it dropped down, we bought back in. I mean, I think that, you know, there's a lot of people talking about what they think metals are going to do. And when you see guys like Jamie Dimon from Chase or the folks over at Bank of America or Forbes talk about, you know, the growth potential that they're seeing. I mean, you know, Jamie Diamond's been talking about gold anywhere between 8500 and $10,000. You know, I mean, I think there's a lot of data to support that. I don't think it's pie in the sky.

I mean, like I tell folks, even if it does half of that compared to where it's at. Now that's a fantastic return. You know, I mean, China stocks important silver to the US a few months ago. Last year, 60% of all silver that was consumed in the US came through China. You know, I mean, there's a right now they're not even mining enough globally to suffice the demand for silver. And also, I mean, right now it's, you know, there are people to save, suppress, you know, I mean, you know, people say, oh, just being held down. You know, I don't know how you want to feel about that or what have you. I personally think that there's a lot of data to support those feelings and thoughts. And I think the metals markets are due to break out again.

I mean, I think it's like you just said, I mean, double digit silver really should probably be a thing of the past in the very near future. Although the four in front of it 100% agree. I think we should see it well above that number and never coming back that, you know, obviously none of us have a crystal ball. Nobody knows what's going to happen. But the reality of it is, is, I mean, once again, we have almost $40 trillion in debt in this country, their money out of thin air. And, you know, you can't grab Peter to pay Paul for forever. I mean, and unfortunately, that's where we're at. So, you know, at some point in time they got to do something to, you know, get a gate, some of the damage that's been cost all these years.

So, you know, that's why in those type of markets, that's especially when metals thrive even more. Now, you know, our customers come to us and I hear this continuously from people, you know, their retirement age or getting close to retirement age. I mean, unfortunately, you know, none of us are getting any younger. So, you know, we don't have to wait for it to come back. And people just want to make sure they have their money or, you know, US dollars there when they need it. You know, they worked hard to save it. And, you know, yeah, the markets have made people a lot of money throughout the years, 100%. Nobody's discounting it. But at the same time, I mean, you know, have done quite well over the last 20 years.

Golden silver each up over 400%. I mean, that's pretty darn good returns. Yeah, yeah. Listen, folks, you know, bottom line here, I could not agree with what Carl is saying anymore. And right now is the time to buy. If you guys are listening to this at home, folks, make sure that you protect your future. These prices with gold and silver will not last. And I'm not saying that to fear monger. I'm not saying that to pressure anyone into going and doing all this. But this show is here to help the listener at home, to help the retiree make the best informed decision possible. And right now we are in a window that a year from now, when you look back on and you think about this episode, in this interview, you guys will be glad that you picked up that phone.

The number of folks once again. 1-800-702-2212. That is 1-800-702-2212 or visit GoldGoodLife.com. You answer a few simple questions and Carl or one of his team will reach out to you and give you all the information that you need. Unfortunately guys, that is all the time we have for today's episode. Carl, I want to thank you for coming on the show today. It is always a privilege to talk to you, and I know the audience got a massive amount of value from your perspective today, we're definitely going to have to have you back on the show soon. Excellent. Well, thanks so much. And once again, folks, please. A phone call and a conversation doesn't cost a thing, but we'd love to be able to do what we can for you here at Reagan.

Like I said, you know everybody here. Fantastic. If you want to speak to me directly, please, when you call in. Feel free to ask for me. And, you know, whatever we can do to assist and make sure you folks, you know, have all the all the information you need to make an informed decision that would be, you know, here's Carl. Thanks again man. Folks at home, I want to leave you with this. We live in a world that's trying to convince you that paper is wealth, and that digital digits on a screen are security. They are not true. Wealth is tangible. True security is holding an asset that has survived every crisis in human history. Do not wait for two digit silver to disappear.

Do not wait for gold to hit 5000 before you decide to act. Take control of your financial future today. Call Reagan Gold Group at 1-800-702-2212 or go to GoldGoodLife.com. Looking forward to seeing you folks next week. We have a jam packed episode as always waiting for you and I appreciate you all. Stay safe and have a wonderful week.

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See you guys soon! 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.