
A pullback in gold and silver can look very different depending on whether you focus on paper prices or long-term ownership of physical metal. Walt Philips discusses market corrections, silver supply, inflation and why some investors view lower prices as a potential second-chance window. Featured on OwnRealGold by Reagan Gold Group.
In Episode 5 of The Gold Show, Walt Philips looks at a pullback in gold and silver through the lens of a possible 'discount window.' Rather than focusing only on daily paper-market pricing, the discussion considers physical-metal demand, inflation, limited silver supply and the long-term monetary forces that can influence precious metals. Walt also explains how some investors use market corrections to reassess diversification and how eligible IRA or 401(k) assets may be moved into a self-directed precious-metals IRA. The program is educational and does not guarantee future performance. This episode is featured on OwnRealGold, Reagan Gold Group's listener hub for The Gold Show with Walt Philips.
Transcript edited for clarity and readability.
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.
Welcome back to The Gold Show. I am your host, Walt Philips. And folks, I have to tell you, my phone has been ringing off the hook this week. I mean, ringing off the hook. Friends, family, people who listen to this show every single week. They're all calling me in an absolute panic. And I know exactly why. If you've been watching the markets these past couple of weeks, you saw it gold pulled back. It did below 4000 and ounce. It hit a seven month low. Silver pulled back right along with it. And suddenly everybody was ready to buy. Last month is calling me up saying, well, is it over? Did the bubble burst? Should I sell? Should I wait? Is gold and silver done? But I need you to hear me right now, folks.
Are you kidding me? Are you kidding me? When a department store puts televisions on sale for 20% off, do you run out of the store in a panic? No. You grab your keys, you drive to the store, and you buy a television. You understand that the television is the exact same product it was yesterday. It just costs less today. You call your neighbor and say, hey, they got televisions on sale. You should go get one too. But when Wall Street paper traders take profits and push the paper price of gold and silver down for a few days, people lose their minds. They see a red number on a screen and they forget everything they knew about the fundamentals.
They let a falling paper price that's heavily manipulated make their decisions for them. Now let me tell you what is actually happening. The fundamentals of gold and silver did not change this week or last week or the week before. The United States government did not suddenly pay off its $39 trillion national debt down to zero. The central banks of the world did not suddenly stop hoarding physical gold at record pace. The industrial demand for silver did not suddenly just disappear. The supply deficit did not suddenly reverse. The dollar did not suddenly become a sound currency. The only thing that changed is the number on a screen. A screen you didn't even have until 30, 40 years ago. I have a long cell. Phones have been around. The asset is exactly the same.
Now, folks, I know this sounds crazy sometimes, right? My wife tells me that I sound crazy when I get fired up like this about anything. And she always says, Walt, you've been saying the same thing for 20 years. And I say, well, I've been right for 20 years. The people who called me crazy when gold was at 500 are not calling me crazy anymore, folks. The people who said I was a broken record when gold was at 1000. They're the ones that wish they had listened. Now, moments like this week or the past few weeks, I should say these pullbacks, they're not a warning sign. They're a gift. They are the market giving you one of the last chances to get on the train before it leaves the station for good.
The smart money does not panic during pullbacks. The smart money buys during pullbacks do not be the person who gets scared out of a 5000 year bull market because of a bad week on Wall Street. Now, I want you to grab a pen right now and write down this number 1-800-702-2212 again, folks. 1-800-702-2212. That is the direct line to Reagan Gold Group. Or you can write down this website. Gold good life again. That is gold good life. You go on their answer a few simple questions and somebody will call you ASAP. Now when the market pulls back like this, the smart money buys. Like I said before, the central banks by the billionaires by they don't wait. They call a dealer that they trust and they secure the physical metal at a discount.
That is exactly what Reagan Gold Group is here to help you do. One phone call a real person answers. No commitment, no pressure, no obligation. You just ask them. How do I take advantage of this pullback? And they will walk you through every option available to you again folks. 1-800-702-2212 or go to GoldGoodLife.com and do it now before the price goes back up and you are kicking yourself. Now a quick disclaimer before we move any further. Guys, I am not a financial advisor. I am not a tax advisor. I am a man that has been doing decades of research and giving you my opinions based off the facts. Okay, now I want to take a step back for a minute because I think sometimes we get so caught up in the day to day noise of the market that we forget why we are actually doing this.
We forget the big picture. Most of the people listening to this show right now, you remember growing up, the good old days. You were there. You lived it. Think back to when you were a kid. You could walk into a store and you can buy an ice cold glass bottle of Coca-Cola. For a nickel $0.05. You could pull your car up to the pump and fill it with gas, or about a quarter a gallon. You could mail a letter for $0.03. A loaf of bread was about $0.18, and a movie ticket was about $0.50. And if you wanted to buy a house, a nice house in a good neighborhood to raise your family, the average price of a new home in America was around $12,000. $12,000 for a whole house. Now, I love talking to people about this because you can see their faces change when they remember it.
They get to look like, oh yeah, I remember that. I remember when things actually cost that. Now look around. Today that same can of coke is $2.50, $2.50. That same gallon of gas is pushing for dollars or even more in some parts of the country. And that same house is $400,000 if you can find one. Now, I want to ask you a very simple question, folks. Did the Coca-Cola get better? Is the Coke somehow way more refreshing than it was when you were a kid? Is the house 40 times bigger? No, the coke is the exact same Coke? The house is the exact same house. The only thing that changed is the paper money that you use to buy them. The nickel in your pocket is worth less than a 10th of a cent in real purchasing power.
Today. The paper rotted. The product stayed the same. The United States dollar has lost roughly 87% of its purchasing power since we went off the gold standard in 1971. The money sitting in your bank account right now, the money you work 40 years to save is quietly bleeding value every single day. Inflation is a thief that breaks into your house every single night and steals a little bit of your retirement, and you never even hear the glass break. It's the quietest, most polite robbery in history. Now let's look at gold for a second. For most of the 20th century, an ounce of gold, right, was fixed at $35. If you took $35 in paper money and you put it in a coffee can under your bed back then, like a lot of people's grandparents used to do, or maybe you used to do that today.
You could you couldn't even buy a decent steak dinner with that 35 bucks. As a matter of fact, $35 today barely gets you a burger and a beer to sit down restaurant. But if you took that same $35 and bought one ounce of physical gold, and you put that in a coffee can, today, that ounce of gold is worth nearly $4,000. Think about what $4,000 buys you today. It buys you a custom tailored suit. It buys you a fine dinner out. It covers your mortgage payment for the month, and you still have money left over. It pays your car. Note it pays your insurance premium. That one ounce of gold today does everything that one ounce of gold has always done throughout history.
It buys you a comfortable, dignified life. The $35 in paper, it buys you a burger. The $35 in gold. It covers your mortgage. That is the difference. That is what gold does. That is exactly why you hold it. Gold does not change. Gold is the anchor. When the government prints trillions of dollars out of thin air. They destroy the value of the paper in your wallet. But they cannot print gold. They cannot create it on a computer screen. It takes massive machinery, massive energy, and years of labor to pull one ounce of gold out of the earth. There is no shortcut. There is no printing press for gold. That is why every civilization in the history of the world has used gold as money. The Egyptians, the Romans, the Greeks, the Chinese dynasties, the British Empire, every single one of them.
Because gold cannot be faked, it cannot be inflated. Awake cannot be created from nothing. And that is why the central banks of the world, the very people who print the paper money, are currently buying physical gold at a record pace. They know the paper is flawed. They know the math does not work. So they are protecting themselves with the only asset that is survived every single currency collapse in human history. Now the people who print the money do not keep the money. They keep the gold. I think that tells you every last thing that you need to know. If the central banks are protecting themselves, why aren't you? Write down this number now. 1-800-702-2212. Again, folks, that's 1-800-702-2212 and call the Reagan Gold Group. Or you can go to know if the phone is not your thing.
You can go to GoldGoodLife.com, fill out a few questions and somebody will call you. But but do not let inflation steal the retirement you work your whole life to build. Do not let the government's reckless spending dictate your family's future. Take control. Make the call. It is a five minute conversation with a real human being. There is no obligation to buy anything. Just get the information. Just understand what your options are, folks. Again. That's 1-800-702-2212 or visit GoldGoodLife.com. Okay, folks, I talked to a lot of smart people, right? A lot of brilliant people, let's say, and people with degrees. People. People who ran successful businesses, people who built careers, raised families and did everything right. And they will sit across from me and say, Walt, I'm safe. I've got my money in a CD. I've got a fixed annuity, I'm getting a guaranteed return.
And folks, I always have to bite my tongue so I don't say what I'm actually thinking. And it's like, look, I get it. The word guaranteed sounds really good, especially after watching the stock market do what it does after 2008, after 2020, after every time the market decided to have a nervous breakdown. Guaranteed. Sounds like a warm blanket and I understand the appeal, but let's do some very simple math because the math does not care about feelings. Right now, the national average for a one year certificate of deposit, a CD is paying somewhere between 1.6 and 1.9%. Let's be generous and call it 2%. A good fixed annuity from an A rated carrier might pay you 5%. That sounds okay, right? 5% sounds like something. Now, what is the actual rate of inflation? Not the government's official number.
The real number, the number you feel every time you go to the grocery store, every time you pay your insurance premium, every time you fill up your car, if you look at the real cost of living for the average American groceries, healthcare, housing, utilities, you need to be making at least 7 or 8% just to tread water, folks, just to break even with what you had last year. If your annuity is paying you 5% and inflation is eating 8% of your purchasing power, you are not making money. That's not a guarantee to me. You are losing 3% every single year. You are going backwards, slowly, safely and guaranteed you were going backwards.
Folks, I, I call that garbage interest, okay? I mean, just listening to myself say that just took me back. I call that garbage interest. It looks like a return on paper. It feels safe, but in reality it is a slow financial death. It is the financial equivalent of running on a treadmill and thinking that you're getting somewhere. Now let's look at the precious metals in 2025. According to Blackrock, one of the largest asset management firms in the world, silver was up 148%, 148%. Gold was up nearly 30%. I'm not saying gold and silver are going to go up 148% every single year. That's not how markets work. We just talked about the pullback this week. Markets breathe. They go up and they pull back and they go up again.
But look at the long term trend. Look at what happens when the dollar weakens. Look at what happens when inflation runs hot. Look at what happens when the government spends money it does not have. Gold and silver go up every time without exception, because they are the only assets that cannot be created from nothing. You have a choice. You can leave your money in the in a bank account, earning garbage interest, slowly losing your purchasing power year after year. Or you can convert a portion of that paper money into a hard physical asset that has a 5000 year track record of preserving wealth. The banks want you to keep your money in their CDs. They want you to.
They want you to buy their annuities because they take your money, they pay you 2%, and then they turn around and invest it in assets that actually make money. They keep the difference. They use your money to build their empire, and they throw you a crumb to keep you quiet. Stop playing their game. Stop accepting garbage interest while the cost of living goes through the roof. And this is why I tell everyone to call the Reagan Gold Group, because they will show you how to break out of that trap again. Folks. 1-800-702-2212 or go to GoldGoodLife.com. When you call, ask them about rolling over a portion of your IRA or 401 into physical metals. You do not have to take a tax it. You do not have to pay penalties.
You can move that money out of the paper casino and into physical gold and silver, completely tax advantaged. It is one of the most powerful financial moves you can make, and the banks do not want you to know it exists. Again, folks. 1-800-702-2212. That is 1-800-702-2212 or visit GoldGoodLife.com. Now, folks, before we wrap up this first segment, I want to address something I hear all the time and people will say to me, Walt, gold is gold. Why do I need to call a specialist? Why can't I just buy a gold ETF on my computer, or buy some generic bullion from a guy down the street? Gold is gold, right? I love this question, folks, because it gives me a chance to tell my favorite story. Imagine I offered you a choice. I can give you ten acres of flat, empty desert land in the middle of nowhere, and I can give you one acre of pristine oceanfront beach property.
Which one do you want? You want the beach property? Obviously, every single person in this room would take the beach property. But why? They're both land. In fact, the desert is ten times more land. But you know instinctively that the beach property is better. Why? Because the demand for beach property is always there and the supply is strictly limited. They're not making any more oceanfront property. There is only so much beach in the world now. When the real estate market crashed in 2008, what happened? The desert land, the generic low demand land dropped 30, 40, 50% in value. It got wiped out. People lost everything on it. But the premium beach property, it held its value. It dipped a little, but then it came right back.
Because even in a crash, there's always someone who wants the beach house. The demand never disappears, the supply never increases. And the precious metal precious metals market folks, it works the same exact way. Paper gold. Which are ETFs? Mining stocks? Digital certificates. That's the desert land. When the market panics, paper gold can get sold off right alongside everything else. It is just a number on a screen. It has no physical reality. When the financial system shakes, paper assets shake with it. But premium physical investment grade gold and silver, that is the beach property. That is the asset you hold in your hand. The supply is strictly limited. The demand is global and it's growing. And when the financial system shakes, that is the asset that holds the line.
Do not buy the desert land. If you're going to protect your family, do it right. Get the physical metal and get the beach property. And folks, do not wait. We started this segment talking about the pullback in the market this week. That pullback is the window opening. It is the market giving you a chance to buy the beach property at a discount. The fundamentals did not change. The supply is still limited. The demand is still growing. The dollar is still losing value. The only thing that changed is the price on the screen and it went down. If you're in your 60s you're 70s. You're 80s. You don't have 5 or 10 years to wait for the stock market to recover from the next crash.
You can't afford to ride a roller coaster anymore. You need stability. You need certainty. You need the anchor. You need that guarantee. Pick up the phone right now. Call Reagan Gold Group at 1-800-702-2212. Again, folks, that's 1-800-702-2212 or go to GoldGoodLife.com again. That is GoldGoodLife.com. This is the easiest thing you will do all week. A real person is going to answer the phone. You're going to have a conversation. You tell them your situation, whether it's cash savings, an IRA, a 401(k), whatever you have, and they will explain exactly how to get the physical metal secured, delivered to your door, placed in a protected IRA. Whatever makes sense for your situation. There is no pressure. There is no commitment. Worst case scenario, you learn something new when you hang up the phone.
Best case scenario is I always say you ensure your family's legacy for generations to come. Don't wait for the price to go back to record highs before you act again. Folks. By the dip, call 1-800-702-2212 or visit GoldGoodLife.com. Folks, this is The Gold Show and I am Walt Philips. We will be right back with segment two. And we are going to dive deep into the silver market. And I also have a very special guest coming back onto the show. And we are about to have an amazing time and an amazing conversation. Do not go anywhere as we will be right back. And welcome back to segment two of The Gold Show. This broadcast is brought to you by the Reagan Gold Group. And a quick reminder, folks, before we dive in. I am not a financial advisor. I'm not a tax planner. I'm just a guy who has been looking at the math for 20 years and telling you what the math says.
If you were with us for segment one, we covered a lot of ground. We talked about the pullback this week and why smart money sees a dip as a gift and not a warning sign. We talked about the five cent coke, the $0.03 stamp, and the fact that the dollar has lost 87% of its purchasing power since you were a kid. The paper rotted and the gold stayed the same. We also talked about garbage interest, the trap of sitting in a CD, making 2% while inflation eats 8% of your life. And if you're sitting on the sidelines right now because you think your money is safe in the bank, you're going backwards. Folks, do not let the system bleed you dry.
Call the Reagan Gold Group and write this number down right now. 1-800-702-2212 or go to GoldGoodLife.com again folks. That's 1-800-702-2212 or GoldGoodLife.com. It's the easiest phone call that you will ever make. Five minutes a real person, no commitment, no pressure, no harm, no foul. Just get the information. Find out how you can move your IRA or 401 into physical metals without a tax penalty. And once again, 1-800-702-2212. Now I am extremely excited about this next segment, folks. Last week we had Carl on the show and the response was unbelievable. Carl is the top precious metal specialist over at the Reagan Gold Group. A lot of you called in and spoke to him from last week's show. He and I have known each other for over ten years. He is the real deal, and he has helped thousands of people navigate every market crisis that you can think of. Carl, welcome back to the show, brother.
Well, thanks so much for having me. I appreciate it. My friend. Absolutely. Carl, listen, I want to jump right here, right into this here, man, because there is something that is buzzing everywhere right now. As you and I both know, everyone is talking about it. And it starts with what the US mint just did. Now, for the folks at home for the 250th anniversary of America, the US mint just announced that they are releasing a one ounce. Now hold on guys, because this is a mouthful. A one ounce gold freedom ring. Liberty Bell coin. That was the tongue twister right there. Basically one ounce of gold. And the spot price of gold right now is probably in the $4,000 range. But do you know what the U. S. mint is charging for this one ounce gold coin? $19,600, almost 20 grand for one ounce of gold, and they are releasing a half ounce of silver.
The same metal, the same. I'm not saying all those 19 words again, $750 for the half ounce of silver. And folks. Or Carl. Rather, when the government's own mint is pricing a one ounce gold coin at nearly $20,000, it gets a lot of people talking. And what they're talking about is a gold reevaluation right now on the books. The US Treasury officially values its gold reserves at $42.22, $42.22. That number hasn't changed since 1973. It is the biggest accounting lie in the history of the world. There is massive buzz right now that the Treasury is looking at formally reevaluating that gold to current market prices, or higher or higher, and if they do that, they instantly wipe out a trillion or more dollars of debt on paper.
Now, Carl, people are looking at this $19,600 coin from the mint. They're looking at the $42.22 lie on the Treasury books. And they're asking me, is the government telling us what gold is actually worthwhile? Now, I want to know, Carl, what is your take on this man? What is gold? What is the gold reevaluation actually mean for the guy sitting at home with physical metal and is safe? Well, I guess first of all, it means where there's smoke, there's fire. You know, they're always telling us something and maybe not straightforward as everybody would like. But, you know, I'm sure over 50 years there's somebody that could have went and revalued the metals that we own properly. You know, that being said, that's an awful lot of money for an ounce of gold or announce a silver quarter or a half ounce of silver, rather.
And, you know, obviously it's letting everyone know what's coming down the pipe here, you know, so everybody that does have metals, I think are going to be awfully happy if this does come to fruition. I mean, Carl, I mean, if they if this revaluation goes through, right, there are going to be enough overnight millionaires to fill up two Yankee stadiums. And listen, man, I know it's a collector's item, right? I know it's a collector's item. And I know there's numismatic premium to collector's items, but Carl 20 grand, dude, 20 grand. It feels like the government is quietly admitting that paper money is trash and the physical metal is the only thing with real, limitless value.
You know, a lot of people right now are panicking. You know what physical assets are doing, and a lot of people don't understand, you know, the full scope of this here and the full scope of the manipulation behind silver, for instance, and how it's been held down for over 50 years. It only recently just broke out, you know, and the way I like to tell people, it's kind of like, you know, when you're in a pool, Carl, and you know, your kid has that, that what you call those things, you know, those pinwheel people. Yeah. There you go. And, you know, and he's holding one of them down underwater and he's laughing and yada, yada, yada. And then all of a sudden he loses his grip and the thing shoots up out of the pool. And then he's like, oh man, where's my ball, dad? Where's my ball? And that's how I look at silver and gold.
Because, you know, the government, you know what I'm saying? They don't they don't want it to be priced at. You know, let's go back to silver here. They don't want it to be priced. Its historical ratio. And for the folks at home that don't know what that means. Gold. Gold. The gold to silver ratio historically has been priced at 15 to 1. So let's use round number sake here. Right. Let's say gold at $4,500, which it's close to would mean that silver would be $300. Right. Not in the high 50s and low 60s. And a lot of this stuff is cracking right now with both gold and silver. And price discovery has been moving out east. They opened up a futures exchange for both gold and silver out east.
And we've discussed this on some previous shows. And you know, they're pricing silver at a 10% premium right now. So you know, if this gold reevaluation were to go through back home on our soil where we all live and we all have worked our days and done everything like that, and, you know, we get up to that number. Heck, forget the 20,000. Let's say we even get up to 10,000. It changes things drastically. It changes so many lives. It changes everything dramatically. Yeah. You know, I mean, listen, it's it's basically just getting things back to the way they should be, right? You know, the fiat dollar, unfortunately, has been printed out of style. You know what I mean? Everything that you've started talking about here, I've been hearing that from people for weeks now. You know, about this coin that came out and the, you know, possible revaluation here.
I mean, it's just a matter of time before everything kind of falls into place. You know, I mean, listen, this is there's a reason why so many people are buying metals right now. They know what's coming. You know, people that don't have their head in the sand say, wait a second here. How could we have almost 40 trillion in debt and, you know, have the same sort of, you know, fiat currency that is backed by knuckle? Yeah. And, you know, Karl, I mean. Exactly, man. And you know what pisses me off, Karl, is that, you know, the paper market, they push the price down to shake out the weak hands, and then the central banks step in, and they buy the physical metal at a discount. And it's a rigged game, brother. And the only way to beat a rigged game is to hold the physical asset in your own hands.
They can print. Yeah. I mean, they can print paper contracts all day long, Karl, but they can't print the Silver Eagle when the physical supply dries up to paper, manipulation ends. And we're seeing that physical supply dry up right now. Right now. Well, I mean, look at what happened. I mean, China stopped importing silver to the US a few months back. 60% of all the silver consumed here in this country is from China, right? I mean, it's going to shake itself out here. Yeah, was a little bit of a dip, but the paper metal shook a dip. Right. You know, the spot price on the commodity market, you know, like you just said it manipulated number. You know, there's a reason why people want that physical asset. They can hold it in their hand, carried in their pocket. You know what I mean? There's a reason why our phones are ringing off the hook right now.
Yeah. And, you know, I mean, Karl, I mean, you know, just piggybacking off that, man. I mean, let's talk about that. That half ounce silver medal the men selling for $750 silver is in its sixth consecutive year of a supply deficit. We are short 46,000,000oz this year alone. And what happens to the price of silver when the industrial giants realize there isn't enough physical metal to go around? And this is something that I try to tell people every day. And, you know, I feel like the challenge with macroeconomics is that, you know, the average person out there. And again, folks, I'm not speaking to everyone listening right now because there's a lot of you that are sharper than attack, that know all this stuff that Karl and I are discussing right now.
But, you know, there's a big majority of people right now that just don't understand what this all means. They don't understand what it all means. They hear, like, you know, you know, China this and deficit here and COMEX and LBM and this and they're lost in the sauce. They're just like, hey man. Like you know what. Like what what is this like? I don't understand all these this terminology. And you know what's open call and what's registered this and open. You know that. And what I've tried to do. And you know what, Karl? You know, you're really the master at is breaking this down in layman's terms for people. And again, folks, not to be condescending to any of you listening right now that understand this, but breaking this down into layman's terms for the people that are looking right now to get into physical metals that understand that the fiat dollar, that our monetary system is on a verge of collapse.
People that have old school investing mentality from the 50s and 60s and, you know, earlier than that stuff that they were grown up with, with the stock market. And, you know, when the dollar actually meant something. And, you know, I guess, Karl, you know. That's a huge point where you. Just said, yeah. Do many people get complacent, right. And unfortunately, it's a lot easier to just kind of set it and forget it. I get it, I do that with things in my own life. We all do. Right? But this is your retirement. This is your money. This is what you've worked your life for to save. Why let it get gobbled up and take it from you?
You know, I mean, people are coming to us because they're saying, hey, wait a second. I don't need this money now, but I'm not getting any younger, so I may need it for assisted living or fix the roof of my house, or want to take my family on a once in a lifetime occasion, whatever it might be. That money that you know, people think they have. It's not money, it's fiat currency. It's a piece of paper. Or here you have actual physical asset that has real value, you know, and that's what people continuously tell me. Hey, Carl, I come to you because I want something of value. I don't want a piece of paper that's basically coming out of thin air.
Yeah. And you know, Carl, I mean, listen, and, you know, again, just to piggyback off that because you're saying a lot of great stuff, man. And, you know, this is something that I made a point of in last week's show and I think, you know, the previous week as well. But it's like, you know, you think about this man like, you know, people spent 40 years, men 40 years or more, you know, that might be selling some of the folks at home short 50 years, working their tails off, saving, doing the right thing, paying their taxes, putting money aside, you know, to have a future.
And the money that they have in the bank is just getting swallowed up day by day. It's like the invisible bully. And, you know, I covered this a bit in my first segment, Carl, but it's like, you know, I think I said this exactly in my first segment and pardon me, I'm a little bit older, so my memory isn't as sharp as it used to be. But, but, you know, it's like the quietest robbery in history. And the thing is, is that, you know, and I did make this comparison, Carl, in my first segment. And I want to share this with you. Right. But, you know, let's say in the 1950s or whatever it was, you know, you had $35 in cash, right? And you put that under your bed, right, $35 in cash and you put it under your bed.
Back then, gold, an ounce of gold was $35. Right. And then you put it in a time capsule and you took it out today, right? That $35 would barely by a steak dinner, but that same $35 in that gold that you pulled out at a time capsule would buy you a steak dinner, a nice suit, pay your mortgage, and have a little bit of left leftover money to, you know, go to the casino and play some baccarat. So, you know, that being said that to me, that just shows the power of these metals. And, you know, I guess that leads me up into my next question calling. You know, this is something we covered last week, but I think it's so important for the folks listening right now is that, number one, a lot of people did this last week.
A lot of people heard you when they heard all the information that you have, and they called in and they asked for you. And as promised on this show, as you promised on this show, you got on the phone with those people and you helped quite a few of them get into physical assets. And, you know, for the folks listening at home, you guys might not listen last week or whatever it is. Or maybe this is your first time listening, but Carl, can you can you walk us through what the process looks like over at the Reagan Gold Group? Like how easy it is from the time that people call that one 800 number.
Yeah, it's simple folks. We do two things. Either people have cash or retirement funds to invest, and we have a team here and house that will make it simple and easy. We always say we hold your hand through the process and we really do. There's no pressure. We do this at your pace, but it's just a real simple, easy thing, you know, with a cash transaction to see the right as a check or wire us the funds, and then we would send the metals to your home once you pick them out. And if you do what I say, rollover, you know, we help move that money over the Nontaxable event into a precious metal IRA. And at that point in time, now you have an asset that is in your retirement portfolio, but in physical form, not a piece of paper. It's held in a privately owned, non government owned depository. So you know exactly where your assets are at.
Not just a bunch of computer numbers floating in the air like they are now. You know, I mean there's a reason why our phones were so busy last week and I talked to so many people and it was fantastic. You know, please feel free to call in. Ask for me to see everybody here is great. But if you'd like to speak to me, I'd love to tear with you. But the reality of it is, is it's about giving yourself the opportunity to make sure your money is there when you need it down the road. It's that simple, folks, that I always tell people. One of my biggest things is, and I try to do this with everything in life, be proactive, not rampant. You know? I mean, you can't wait till the sky is falling or the market's crashing or whatever is happening to then try and protect what you have.
That's like saying, man, I'm going to change my flat tire. Whether cars doing 80 miles an hour down the road. Good luck with that. Yeah. And you know, folks, you know, that's exactly why I wanted to call to explain it. And, you know, you folks at home listen to me mention this phone number throughout the show. And, you know, some of you are jotting it down and some of you are making the call, and some of you are probably like, hey, why is Walt saying this frickin phone number so many times? And it's because that regardless of whether you call in and you actually, you know, make that decision which could be the best decision of your life, in my opinion, it will be the best decision of your life by calling in and getting into physical metals. But above all else, there's no pressure. The call is free, you know what I'm saying?
And for me, one thing that I was taught my entire life is that you never turn down a meeting. And I don't think of this phone call as a call. I think of it as a meeting. And I'm going to tell you why. Because on this call and we can call it a meeting, you're going to speak to someone like Carl, and most likely you're going to be able to ask for Carl. You're going to speak to one of his team members. And if you'd like to speak to him, you can, but you are going to be able to ask as many questions as you like. They are going to be able to give you invaluable information that you can keep, and there's no pressure at the end of it. So I don't look at this as a sales call.
I look at this as, hey, I can either come in and I can make a decision or, or I can just walk away and get invaluable information. I can get their contact number, and I can feel free to do more of my own research. But with that. A conversation. Never heard anybody. Right. Exactly, exactly. Power information. It just giving you the ability to make an informed decision. Exactly. And listen folks, you know, unfortunately, I could continue this conversation with Carl for another four hours, but unfortunately, we're closing in on all the time that we have for this week's show. And I encourage all of you listening right now to come back for next week's show. Carl, as always, you bring the absolute truth, and I appreciate you being here.
And folks, Carl will be here every single week moving forward. And for everyone listening right now, you just heard it. The government is selling one ounce gold coins for almost $20,000. The Treasury is sitting on $1 trillion in gold that they value at $42 an ounce. The math does not lie. The system is telling you exactly what they value and it is not the paper in your wallet. Do you want to be sitting around in your 80 or 90s, having your kids stressing out, trying to take care of you because you didn't make the right decisions today? Because you watch the writing on the wall and you did nothing. You did not have to be that person. You can be the person who saw what was coming, took control, and anchored your family's wealth in the one asset that has never failed. So Carl, once again, my friend, thank you so much for being here with us and I'm really looking forward to next week.
Thanks so much for having me. Please, folks. Feel free to reach out. Love to have conversations with people and make sure we get you information. You know, I look at my job as I'm here for educational purposes and making sure everybody has what they need to make an informed decision. Absolutely. Thank you. Carl, pick up the phone. Call Carl and his team at the Reagan Gold Group. 1-800-702-2212. It's a free call. It takes five minutes. You talk to a real human being who actually understands what is going on in the world. And worst case scenario, you don't like what they have to say. You hang up the phone. No harm, no foul. Like I said earlier. But best scenario, that five minute call changes your family's financial future forever. Folks, I am Walt Philips. We will see you next week on The Gold Show. Take care.
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 1-800-702-2212 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.