Episode 7: When Metals Go on Sale | 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 gold. GoodLife. Now here's your host, Walt Philips.

Walt Philips

And welcome back to The Gold Show. I am your host, Walt Philips. I'm so glad to be back with you. Folks in this broadcast is brought to you by my good friends over at the Reagan Gold Group. As always, folks, before we get into it, I'm not a financial advisor. I'm not a tax planner. I am not a licensed anything. I am just a guy who's been watching the math for 20 years plus and cannot stop talking about it. So take everything I say is my personal opinion. Do your own research and talk to a professional before you make any financial decision. All right, folks, let's get into it now. I want to talk to you about something today that has been eating at me for a long time, and I mean a long time, because I see it happen over and over and over again.

And no matter how many times I explain it, no matter how many times the math proves itself right, people keep doing the same thing and it drives me crazy. I call it the backwards brain. Now let me ask you a question. When you go to the grocery store and your favorite cut of steak is marked down 50%. What do you do? Do you buy it right? You might buy 2 or 3 and put them in the freezer. Heck, you might buy five. You call your wife from the meat aisle and say, honey, get over here. They've got rib eyes on sale. When you go buy a car and the dealerships offering a $10,000 rebate, what do you do? You feel like you won.

You feel like you won the lottery. You sign the papers and you drive home feeling like a genius. Now think about Black Friday. People will literally camp outside of a Best Buy in the freezing cold at 3:00 in the morning. They'll stand in line for six hours. They will fight each other in the aisle over a television set. All for $200 off $200. They'll lose sleep. They will miss Thanksgiving dinner. They'll get into a shoving match with a stranger, all for a $200 discount on a TV. That's going to be obsolete in a few years anyway. But when it comes to building actual generational wealth, when it comes to gold and silver, the only assets that have held their value for 5000 years, the human brain goes completely, 100% backwards.

Backwards when gold is hitting all time highs, when it is running up to 5000 $5,500 an ounce, my phones were ringing off the hook. Everyone wants in. Well, how can I get gold? Walt? Is it too late? Well, I should have listened to you six months ago. They want to buy in when it's the most expensive that has ever been. But when the market pulls back, when the paper traders take their profits and the price drops when gold goes on sale. Crickets. People run away. They get scared. They say, oh, I don't know, Walt. The price is dropping. Maybe it's over. Maybe I should wait and see what happens. It's the only asset class folks in the world where people are terrified of a discount.

Like, I don't get it. You don't do that with your house. You don't do that with your groceries. You don't do that with anything else you buy in your entire life. Why are you doing it with your life savings? Like why? So? So if you're listening to me right now, folks, and you have been on the fence about gold and silver, I need you to grab a pen. And you're going to hear this number a few times today and write it down for me. 1-800-702-2212. Again, that's 1-800-702-2212. Or you can go to own real goal.com. So if you don't want to call up and you're not a phone person, you go to own real goal.com. You're going to answer a few simple questions there. And a qualified professional from the Reagan Gold Group is going to call you ASAP.

Call the Reagan Gold Group. It's a free phone call, folks. A real person picks up. You talk to a specialist who understands exactly what is happening in this market. There's no commitment. There's no pressure. In the worst case scenario, you hang up the phone, no harm, no foul. But you know, you have to make the call in order to do that, right? So again folks the number is 1-800-702-2212. Or you can go to that website I mentioned Owen real gold com. All right. Now let me tell you why the backwards brain happens. And at least this is why I think it happens. Because if you understand why it happens, you can stop it from happening to you. Right? Understanding something is almost all of the problem right there.

It's the solution to the problem. The backwards brain happens because people are watching the daily price. They're watching the ticker tape on financial television. They see the number go up, they feel good. They see the number go down and they feel scared. And then they make a payment, a permanent, life altering financial decision based on a number that changes every 60s that's not investing, right? That's gambling. So here's what gold actually is. Gold is not a stock. It's not a bond. It is not a company that can go bankrupt. It's it's a it's not a currency that a government can print into worthlessness. Gold is a 5000 year old store of value. It is the one thing that every civilization in human history, from ancient, from ancient Egypt to the Roman Empire to the United States of America, has agreed is real money.

Now, when you were a kid, right, and I said this last week, a bottle of Coke was a nickel, $0.05, a gallon of gas was about a quarter, a loaf of bread was $0.18. A brand new house in a nice neighborhood was $12,000. Now, now, think about that. Right. $12,000 for a house. Did the house get better? Did the coke get bigger? Did the bread get more nutritious? No, the paper dollar just got weaker. The government printed more of it, and every dollar you had became worth a little less and a little less and a little less. Until today, were that same dollar lost 87% of its purchasing power since 1971. Now, now, here's the beautiful part, right? In 1971, when Nixon took us off the gold standard, an ounce of gold was $35, 35 bucks.

And you know what $35 buys you today? A burger and a beer. Maybe if you skip the tip, right. Maybe. Maybe a burger and a beer. But that one ounce of gold, that same ounce of gold that was worth $35 in 1971, today it's worth over $4,000. It buys you a custom tailored suit. It buys you a find in or out. It covers your mortgage payment for the month with room to spare, and it pays your car. Note it pays your insurance premium. I could go on and on and on, folks. And the $35 in paper burger and the beer. Right? Or you can substitute it with something else. I don't know, a cheap Bluetooth speaker. I mean, you know what I'm saying?

And that is the difference. The difference is a burger and a beer to your mortgage plus, plus. And that is what gold does. It does not make you rich overnight. It protects what you already have. It is the anchor that does not move when the paper currency is sinking. So I was reading Reuters this week and I read Reuters frequently folks, and they published a quote from Michael Hey, the global head of commodities research and society general. And he said, and I'm reading this directly. Elevated uncertainty plays directly into the gold market. And every week we seem to have another area of uncertainty added. That is not me. That is one of the biggest banks in the world telling you exactly what is happening every week. More uncertainty every week, more reasons for smart money to run to.

The one asset that cannot be printed, cannot be hacked, and cannot be inflated away. And look, listen. I understand the uncertainty, right? I watch the news. I see what is happening in the Middle East. I see the wars. I see the political chaos, the debt ceiling fights. It's a lot to process, right? I get that, but here's what I want you to understand. The chaos is not a reason to wait. The chaos is a reason to act. Because when the smoke clears, the people who were holding physical gold and silver are going to be in a completely different position than the people who were holding paper. So don't let the noise paralyze you. You know, folks, I really want you to pick up that pen right now and write down this number.

And if you've already written it down, better yet, just call this number 1-800-702-2212. Again, that's 1-800-702-2212. Or you can go to that website again O'Neill Goal.com and talk to a specialist. Find out how easy it is to convert some of your paper savings into real physical metal that you hold in your hands. I mean, folks, if you've been listening to me week after week, I've had my great friend Carl on here, who I've had the privilege of having him on the show. He is the top precious metal specialist at the Reagan Gold Group. You can even ask for him. You can ask for him directly. I mean, he's a busy guy, but he will get back to you. You can speak to one of his team members and he will if they can. They will get him on the phone immediately to speak to him.

And nobody knows more than that man when it comes to precious metals. So again, folks, that's 1-800-702-2212 or you can go to own real goal.com. All right. So now I want to talk about silver for a few minutes. Right. Because if the backwards brain is bad with gold it's ten times worse with silver. Silver is the most frustrating volatile explosive asset on the planet. It will test your patience. It'll test your sanity. And then when you least expect it, it will completely change your life. Now, now, here's the math on silver. We're in the sixth consecutive year of a structural supply deficit. The world is consuming 46 million more ounces of silver every single year than the mining industry is pulling out of the ground.

Every solar panel, every electric vehicle, every artificial intelligence data center, every guided missile, every smartphone, every medical device. They all require physical silver. Now, the and the industrial demand is growing faster than anyone predicted, and the supply cannot keep up. And here's the part that makes this even more explosive. Silver is not primarily mind on its own. About 70% of the world's silver comes as a byproduct of mining copper, zinc, lead and gold, which means you cannot just decide to mine more silver. You have to mine more of everything else first. And building a new mine takes 10 to 20 years. From discovery to actual production. The well is running dry, folks, and nobody is building a new well fast enough. Right now. The gold to silver ratio is sitting at around 60 to 1. It takes 60oz of silver to buy one ounce of gold.

Historically, going back centuries. That ratio should be closer to 15 to 1. In 1980, at the peak of the last great silver rally, it got down to 15 to 1. Silver is beachfront property that is currently priced like a dirt lot in the desert. You know how David put it to me, my good friend David? That is exactly for you folks that don't know. I've mentioned him before. He said to me, would you rather have ten acres of flat desert land or one acre of beat beachfront property? When the real estate market crashed, the desert land dropped 30 to 40%, but the beachfront property held its value because the demand was there and the supply was not. And that is silver right now for you.

In a nutshell, Bank of America has a silver price target that goes as high as $309 an ounce. And their analysts, Michael Williams, Wilmar Widmer, I believe, actually laid out the scenario where a supply squeeze combined with industrial demand that cannot be substituted since silver to prices that most people cannot even fathom. Right now, $309 silver is currently trading well below that. And if you do the math on that kind of move, what that means for someone who owns physical silver today, it's insane. Now Robert Kiyosaki, you know, he's one of my favorite authors. He's the guy that wrote Rich dad, Poor Dad, and he's one of the best, which is one of the best selling financial books of all time.

He said something recently that I want you to hear. He said, stop letting a falling price make decisions for you. And I cannot resonate with something like that anymore. That is the backwards brain in one sentence. Stop letting a falling price make your decisions for you. Because the fundamentals did not change, the deficit did not disappear. The industrial demand did not slow down. The only thing that changed is the paper price. And the paper price is temporary. The fundamentals are permanent. And yet when silver pulls back a few dollars, people call me in a panic. Walt, Silver's down today. What do I do? What? I mean, what you do is you buy more. You thank your lucky stars that the paper market is giving you one last chance to accumulate physical metal before the industrial giants realize the vaults are empty.

Now, I know I get fired up about this, folks. And some of you at home might think that I'm like, a weird guy. Gets so, you know, animated about metals. My wife tells me to calm down, but I get fired up because I care. I get fired up because I talk to people every single day who worked their entire lives, who played by the rules, who saved their money, and they're watching their savings get eaten alive by inflation while the banks pay them 1% in a CD. And it's maddening to me, and I don't want that to be you. So if you're sitting on the fence right now, get off the fence. The call is free. The information is free. The peace of mind is priceless, though. Call the Reagan Gold Group, folks again. That number is 1-800-702-2212. Or you can go to own real Goal.com and folks talk to a real person.

Find out what your options are. Find out how easy it is to move some of your retirement savings into physical metal without any penalties, without any taxes, without the headache that you think it is. But you'll never know if you don't call again. Folks. 1-800-702-2212. Or you can go to that website on real Goal.com. Now as we wrap up this first segment, I want you folks at home to think about something.

Not next week, not next month. I want you to think about ten, 15 years from now, you're going to be in your 70s 80s maybe even older than that. Some of you folks at home I know are already 70 or 80. So maybe you're going to be in your 90s. You're going to be relying on the decisions that you made today, the decisions you're making right now while you're sitting in your car or your kitchen listening to this show, are you going to be the person who let the backwards brain win?

Are you going to be the person who saw the steak on sale and walked out of the store? Are you going to be the person who watched the national debt hit $40 trillion and decided to leave your money in a savings account, making 1.9%? Or you going to be the person who took control. And that's the real question here, because the person who understands that when the world is in chaos, you don't panic. You anchor yourself. That's the person that you need to be. You need to be that person that does not panic. You buy the physical metal that has survived every war, every depression, every currency collapse, and every backwards brain in human history. Now, now, you know you don't want to let your kid stress out trying to take care of you because you were too paralyzed to make a five minute phone call.

I mean, think about that, right? And you don't want to be a burden when you have the opportunity right now to be a blessing. Do not be the person sitting in your 80s watching your kids sacrifice their lives because you did not act when the window was open. This is it, folks. This is your moment. This is the moment the prices have pulled back. The window is open. The backwards brain is telling the herd to run away. Which means this is exactly the time for you to step forward. If you're listening to this right now, you have privileged information that a lot of people don't have. And maybe you're listening to this right now for a reason, and I want to make sure you understand how easy this is, because I think people hear gold and they think it's complicated.

Newsflash, folks, it's really not. You call the number a real human being answers the phone. Not a robot, not a recording. A real person who knows this market inside and out. And you tell them, listen, I want to learn about protecting my savings with physical gold and silver, and they walk you through every single step. They do all the heavy lifting. They'll let you know about options you never even knew about. And then on top of that, they handled the paperwork. They answer every single question you have, and you do not need to be a financial expert. I mean, that's the best part. You don't need to understand every detail before you make the call. That's what they are for.

That is their job. And they are very, very, very good at what they do. Worst case scenario, you hang up the phone. So what is that? Is that going to be the worst thing that's ever happened in your life, that you make a call and maybe you weren't ready to do something, so you get off the call. I mean, I'm sure all of you at home get called a million times a day by telemarketers that drive you crazy. And this is the absolute opposite of that. This is calling someone that's friendly and warm and educated, that's there to help you and not only help you, but help you get to an amazing place. And, you know, it's like you secure your family's future. You know, that's the best case scenario. You secure your family's future. And what is the actual reason that you haven't called yet?

You know, if you're listening to this and you have called, kudos to you and grasp you. But if you're listening to this and you haven't called, you know what's the reason? I'm serious. Like, what is it? Is it fear? Is it laziness? Is it the backwards brain telling you to wait until the price goes back up so you can pay more? Because you want to wait and see? You want to be like, oh, wait, I you know, I want to see that gold's back up at $5,000. I want to see that gold at $6,000, and then I'll start buying it. But why do that when you can buy it today for 4000? And that's the backwards brain right there. So, folks, you know, whatever the reason is, let it go.

Let it go. Make the call, pick up the phone right now. Call Reagan Gold Group again, folks. That's 1-800-702-2212. Or you can go to own real Goal.com. Make the call, take control, protect your family. Right now is the moment. You know, if you folks at home have heard of carpe diem, you know, seize the moment. It is right now. There's no better moment. You can just go and pick up that phone and call in. And a lot of people don't end up doing it. And that's why I stress it so much, folks, because I know so many people that on the opposite end of things for the backwards brain, and they picked up the phone and they did call Reagan Gold Group.

And I know people that did that years ago. I've told you folks many times, my own mother did that a long time ago, and they're sitting in a much different position today. So imagine yourself right now. Imagine you pick up the phone right now, right. And you make that call and you get into precious metals. And imagine five years from now where you'll be literally it'll be like a parallel universe. But if you never pick up the phone, if you listen to this and you take it lightly or you're like, you know what? I'll get to that. I'll do it tomorrow. I'll do it later this week, or I'll do it in an hour. You know, a million things can happen. You forget something happens, you know, you get dragged to do this or drag to do that, or you fall asleep and you forget about everything.

That's why you got to just pick up that phone and make that call. You know, it could be the best ten, 15 minutes you ever spent. So with that, folks, I am Walt Philips. I don't want you guys to go anywhere in segment two. I am bringing Carl back on the show, and we're going to keep going with this conversation because I think it's important. I want to hear from the guy who is on the front lines every single day and get his exact opinion on this very topic. So with that, folks, I will be right back. This is The Gold Show and I will see you soon.

And welcome back to The Gold Show. I am Walt Philips. This broadcast is brought to you by the Reagan Gold Group. Quick reminder, I am not a financial advisor. I am not a tax planner. I am just a guy who reads the math. If you folks are with me in segment one, you know I got a little fired up. I spent the last 20 minutes talking about what I call the backwards brain, this crazy psychological anomaly where people will fight over a discount at the grocery store. But when gold and silver pull back and go on sale, they panic and run away. I wanted to keep the conversation going because it's the single biggest reason people fail to protect their wealth.

So I brought back my friend Carl, who deals with this anomaly every single day. Again, folks, Carl is the top precious metals specialist at Reagan Gold Group. We've known each other for over a decade. He's helped thousands of people navigate these exact markets through every crisis, every pullback, and every rally. Carl and I spent the whole first segment. Or sorry, folks, not Carl and I, but I spent the whole first segment talking about this backwards mindset and the idea that people want to buy when it's high and run when it's low. And it's the weirdest thing to me, Carl. But I'm just looking at the math. And you were the one who actually talks to people on the phones. And Carl, are we on the same page here, man? Like, what are you hearing from people calling in right now?

Yeah. First of all, thanks so much for having me back, Walt. Always good to be here. What am I hearing? I mean, I'm hearing that. I mean, and I don't understand it. I'm saying to myself, why would anybody want to not take advantage of a discount? You know, right now there are a lot of people that are calling and buying the ones that actually get it, but there's a lot of people that are just kind of scared and stuck and don't know what to do. And to me, it's common sense, folks. You got to just make that move and protect yourself and get yourself in a position where you could take advantage of a great pricing bee. I mean, if you listen to these experts that are out there, there's so many of them talking about it. Gold and silver are going to catch fire later this year.

There's I mean it has to. So that being. Without a doubt is a reason. Yeah. I mean and that's why people want to buy now right. By low. Sell high. It's that simple. I mean, listen, give us a call. We could talk about this. We could go back and forth. We could get your questions addressed and answered. But, you know, you can't sit there and be a deer in headlights. I mean, it's that simple. You can't do nothing because the debts not slowing down, the inflation is not, you know, going away. The money printing isn't stopping, the dollar is not being, you know, not going to, you know, continue to not be devalued. It's still going down. So the question becomes is why not do something to protect against that? Why wait.

Yeah. And Carl, you know, like the point you just made was my point, man. And it's like, you know, if you like gold at $5000 or $5600, you know, when it was at its all time high, why wouldn't you love it at $4,000? Because like you just said, the debt didn't go away, the inflation didn't stop. And the only thing that changed is the paper price. And people are letting a temporary paper price dictate a permanent wealth decision. It makes no sense to me. It's like they're waiting for the weatherman to tell them it's raining while they're standing outside getting wet. I mean, you don't need the TV to tell you that the dollar is losing value. I mean, you feel it, right? Every time you go to buy groceries, every time you go to the gas pump.

I mean, Carl, you have a big family and everything like that, you know? You know what it costs to raise a family and, you know, feed the kids and do all the stuff that you do with them. And, you know, everyone feels it. Everyone is feeling it right now. And it's this opportunity to buy metals on sale, to buy them on sale. Man, it sometimes it makes me feel crazy. Carl. It makes me feel crazy. Because here's. Yeah, why everybody likes a deal. Why not take advantage of the deal? I mean, just because. Just because a box of cereal, a can of coffee, tires, I don't know, whatever. Just because it goes on sale, people run to that and buy it. But when gold and silver goes on sale, they run the opposite direction. I mean, it makes no sense, right?

I mean, it just it doesn't add up to me. I mean, you have a physical, tangible asset that you know, has value to it. It has the inverse relationship to the US dollar. Why would you not want to take advantage of the price right now? You know, I mean, there's a reason why our phones are ringing and there are a lot of people that do get it and are taking advantage of the price, you know, reduction right now, there's a lot of people I mean, this week's been one of the busiest weeks I've had in quite a while, you know, especially coming off a holiday week, which is usually pretty quiet.

Right. So the fact the fact of the matter is people are buying and people see that. But everybody else, I mean, don't wait. I mean, I don't wait and say, oh, let me see what happens. I mean, I, you know, I'm hearing a lot of people say, well, I want to see what happens with the war. I don't care what happens with the war, because it doesn't matter. That's not going to go away. If the war ends, is the debt going to go away? Is the inflation going to go away? Is the fed going to stop printing money out of thin air. No.

Yeah. Yeah. And I you know also Karl, it's like you know, just like what you were saying man. It's like, you know, people bring up the war and you know obviously, you know, we're hitting Iran super hard right now. And God bless Trump for being in office and acting as swiftly as he is because, you know, the other, you know, folks that could have been there instead of Trump might not be doing that. They might be negotiating right now. And you know what? This is the noise, man. And it's like I talk about the noise all the time, Karl. Because when the last time and, you know, obviously you remember this, but, you know, when gold and silver moved back in January, there was no going on then it might not have been a war, you know what I'm saying?

But there was no going on then. There's always going to be noise. But people want to wait until it settles down. And Karl, when has it ever settled down? Like, if you wait for the world to be perfectly calm, you're never going to buy. And by the time the smoke clears, the institutional money has already bought up all the physical metal and the price is back to the all time highs, and waiting is just a decision to pay more later. It's a decision to buy the top. You know what I'm saying? Instead of buying the sale, you want to buy the top. And let me ask you this, Karl. When someone tells you that they're waiting for things to calm down, it's like, what's the first thing that you say to them to snap them out of it?

Well, first thing I ask is, what are you waiting for? What do you think is going to happen and what are you waiting for? I mean, listen, I understand people have things going on in their life, you know, family stuff, medical stuff. I mean, there's those kind of things. And yes, obviously those take precedence, and I understand that. But when people are waiting to see or I get people all the time that say, I don't know anything about gold and silver, I don't know anything about precious metals. And I said, great. They go, I want to do research. If you don't know anything about it. What are you doing research on? I mean, you know, you don't say, oh, oh my gosh, my two thirds.

Let me go online and let me research why my two thirds? And then let me try and fix it myself. No. You call your dentist, you go to the dentist, you have him fix it. This is what we are. We are precious metal specialist. This is what we do. We're here to help people. We're here to give you information so you know what's available to you, you know? And the most important thing is, and I tell people this all the time, is that you got to know who you're working with. You know, there's a lot of great companies out there, but there's a reason why we have the reputation we have. I mean, you know, unfortunately, there are a lot of people out there that are spewing a lot of misinformation and fake information.

And, you know, the most important thing is knowing who you're working with and working with a solid company that is going to be there for the whole length of this. And when I say the length of it I'm talking about from the minute you buy till the minute you sell and everything in between. That's the most important thing here, is to make sure you're working with a great, reputable operator. I mean, and the fact that we've been doing this nine years and we're in the position we're in, it's really a testament to our ownership. And, you know, the people here that are, you know, doing this every day because of the fact that we do it the right way, the fairway, the transparent way. And we're not spewing misinformation like a lot of these other guys, unfortunately.

And, you know, this is part of the reason why we've had the successes that we've had. So that being said, you know, now is the time to get on the phone, have a phone call. Talk to us. If you want to talk to me directly, feel free. Call in, ask for Carl. I love to chat with you, you know? But the main thing is, is not just sitting there on your hands and doing nothing at all, waiting for something that you don't even know what you're waiting for to happen. And unfortunately, it may or may not ever happen. But we know one thing. Over the years, gold and silver have performed very well. You know, I mean, obviously history doesn't have to repeat itself, but over the last 20 years, metals are up over 400% each.

Gold and silver. I mean, come on, look at the data. It's simple. Just don't make more than this. Than what it is. Yes. This is, you know, a big step for a lot of people. I understand that, and I tell people that all the time. But the main thing is, is putting yourself in a position where you have something of value, not just a piece of paper. Because we've seen paper assets go to zero, we've seen fiat currencies globally go away. We've never seen an ounce of gold or an ounce of silver have no value. Absolutely. And Carl, let me stop you right there. One second. Folks at home, if you were listening to call right Now and you're nodding your head while you're listening to him, you need to stop nodding and start dialing. I want you folks to grab a pen. The number again is 1-800-702-2212. Again, that number is 1-800-702-2212. Or you can go to own real goal.com if you don't.

If you don't like the phone, if you're not a phone person again folks that's own real goal.com. And don't let this backwards brain talk you out of this. The price is pulled back. Yes, but that means that the window is open. So call the number. Talk to a guide like Carl. Talk to talk to Carl and call 1-800-702-2212. Again folks that's 1-800-702-2212 or own real goal.com. All right Carl. Now, now, I kind of want to shift gears here a second, you know, and kind of talk to something about something that might be relatable to some of the folks at home right now. And, you know, you talk to a lot of people in their 60s, 70s and 80s. Carl, they don't have 20 years to wait for a stock market recovery if things go south. Right? So what's the conversation you have with them when they realize that they need to move their four one or IRA into something real before it's too late?

Well, I mean, here's the thing. Once again, it comes down to what I just said. I mean, you have an asset that's never been at zero. You have a, you know, something that it's real money. It's not paper, it's not fiat, it's not, you know, debt based. You know, so what do I tell people? I tell people you have to do what you're most comfortable with. You know, obviously, you know, this is meant to help you sleep better at night. And customers tell me all the time they buy medals because they feel like it's insurance. I mean, it's that simple. People want to ensure, you know, you ensure your house, you ensure your car. Why are you not insuring your retirement? You don't put yourself with an asset that you know is done really, really well.

I mean, just in the last 12 months, gold is up over 20%. Silver is up over 40%. I mean, even though it's taken a dip a few months ago, you're still up. Probably better than most. That's a great that's a great point, Carl. You know, the other day I was actually doing the math on that man, and the other day I was having a conversation with a friend, and he was like, well, you know, Silver's down right now. You know, he's a big silver guy. And he was like, Silver's down right now. And I'm like, it's actually not down right now.

And I looked up the numbers and, you know, this was two days ago. Granite. And I looked up the numbers and I showed him the numbers and the look on his face. He was in shock because the numbers a year ago, Carl, a year ago, give or take a day or two. Silver. Was it $36? It's at 60 right now, give or take $60. That's that means it's still up 60% after it crashed 50% from the all time high. It's still up 60%. And that's the power of these metals. And the thing about it is it's holding steady at that number. And it's been holding steady. You know, we got this war going on, the prices bouncing all over the place. You know, the new fed chair. I mean there's a lot of factors playing into this. So. Exactly right. I mean, you know, part of me to cut you off.

But I mean, that's exactly why the metals are there. Like you said, it's still up dramatically. It's holding its value. Yeah. And you know what? It's funny. You bring up the fed chair and it's like, you know, I've spoken to a lot of people about that too. And a lot of people, you know, get a little scared of Kevin Warsh because he's a known hawk. And, you know, he keeps talking about, you know, possibly hiking interest in this, that and the third. But you know, folks, number one, you can't believe everything you can hear. And again, the like I always say in the beginning of every show, these are my opinions. This is not financial advice. But if we're talking on opinions here called opinions only with inflation, where it is with the debt, where it is right now, we're going to have no choice but to print.

And I feel like so many people get locked in to what they might hear on Fox News that night, or what they might read in an article, and they automatically think that, oh, you know, we're definitely raising rates and things are going to heck and things are going to all hell, and this, that. And the third. And, you know, historically in metals, every time that they've moved it's never been, you know, off this one specific news headline. A lot of times things happen and they just happen at of nowhere kind of, you know, what happened in January when gold set record highs and silver set record highs. There were no warnings, Carl. And you know that no one got a text message on their phone that said, hey, in three weeks, you know, gold is going to hit $50,600, you know what I'm saying?

Or, you know, and that's the thing. And that's the other thing I like to stress to people is that these moves happen quickly and they happen violently. They don't happen slowly. When metals move, they move. Silver went from $50 to $121 in a matter of a few weeks. In a matter of a few weeks. It wasn't over a years, it was over a few weeks. And the fundamentals behind both metals right now, both gold and silver are literally having that same parabolic setup again. And we are going to have another parabolic move sooner than a lot of people realize. And that is why I get so worked up about this man.

Yes, 100%. Listen, there's a reason why Bank of America and Forbes and Chase and Jamie Dimon from Chase are making the predictions about the metals markets that they are. It's that simple. These people know what's coming. They see what's coming. They move the markets before we even know what's going on. And, you know, the average person like, you know, myself and yourself, I mean, the reality of it is, is you need to do something to protect yourself. And the time is now. You know, like I've said this before, and you'll hear me say this all the time. You want to be proactive or do you want to be reactive? People want to be proactive. Set it. Forget it. No, you have it there. So when it does swing, you're protected and you don't have to worry about it.

You could sit back, pop the popcorn and watch a show and not go, oh my God, what am I going to do? How am I going to save my retirement and my hard earned money after all these years? I worked my butt off for it. Am I going to let it get gobbled up and go away? And remember, I tell people to another thing to well is real. Simply don't put all your eggs in one basket. It's about having diversity. I'm not saying to put all your money into metals. That would be ridiculous. Anybody who's telling you to do that, that's crazy. Doesn't make sense. It's not good advice. It's it's just it's not anything. It's about having a diverse portfolio. And that's. Why people.

Come to us. They say to us, hey, listen, I want to diversify. And, you know, I mean, I get all the time people go, well, I'm diversified. Like, well, who say, you're diversified? Well, my financial advisor. Great. I go, well, how much physical gold and silver you own? None. Oh, great. Well, how do you think you're diversified then? You're still in paper in some way, shape or form, all based on the US dollar. So explain to me how you're diversified. And, you know, they always say to me, oh, well, I guess, you know, I mean, listen, it's the propaganda machine. These companies make billions and billions of dollars. People tell me all the time, you know, oh, my advisor, he you know, he cares about me.

No he doesn't. I'm not saying he or she is a bad person. I have a lot of friends in the industry. They're great people. But the reality of it is it's pretty simple. They make a percentage of everything you have invested with them. They want to take, you know, grab hold of it and never let it go. It's that simple. They're never going to tell you to do anything that doesn't benefit that. That was the situation, you know, and you know this because you handle it and I bring it up all the time. But what's your mom? You know. Yeah. That's the situation I was in. Exactly. You know, there's a guy sitting there. He was 24 years old, taking care of her money and making his 10%. And he wasn't speaking to her anything like that.

You know, she's, you know, much, much, much older, you know, God bless her heart, as I always say. And all his interest lied in was his feet. That's all he was interested in. And you know the worry. She's a great lady, by the way, to everybody in the audience. She's a really sweet, great lady. That's why we know Walt. You know, I know in the back story and knowing mom now, I know I Walton out the way he did, just so everybody knows that. Oh thank you Carl. Thank you. Thank you man. But, you know, listen, man, I mean, you know, the peace of mind that I have. And I'll just tell you this from my own perspective since I connected her with you and since, you know, we moved her stuff into precious metals. I don't have to get those phone calls anymore of, oh, my God, you know, can you explain to me what's going on in the stock market right now?

Is the country falling apart? What am I going to do? Am I going to run out of money? You know, I don't get those phone calls anymore. I don't get them anymore. And it's just it's such an amazing thing for me being in the position that I'm in and knowing that she has a smile on her face and that she's sleeping better at night because she doesn't have to worry about that kind of stuff, you know, and money. And she has real money in the bank. And a diversified portfolio and a diversified portfolio, which she did for her. What you did for her.

It's like I tell people all the time, it's about protecting yourself. This is your money. This isn't mine, this isn't Reagan gold, this isn't the financial advisors. This isn't your custodians. This is yours. You need to do what you have to do to protect yourself. Don't be that deer in headlights, folks. I mean, really, it's. I know it's a scary thing. I know people don't like change and stuff like that. I get that. But, you know, I had this conversation with a lady yesterday. I told her, let me ask you a question, you know, why do you feel comfortable in the stock market? She goes, because I've always done it. I said, okay, great. I go, do you know everything there is to know about the stock market?

She goes, God no, that okay? I go, so let me ask you a question. Why are you comfortable with that? She goes, I don't know. I said, because that's the norm and that's what they push on TV. And there's TV commercials on all day long and offices on every other corner. I mean, you know, the reality of it is, is you need to maybe take the blinders off. And, you know, we had a very, very nice conversation. And, you know, she moved to a substantial sum of money. She said, listen, I have to do this now. This makes sense. It goes, you're right. All my eggs are in one basket. And, you know, I mean, listen, I, I like being able to help people and give them a different perspective. Yeah.

I'm here for education. I'm here to give people information so they know what's available to them. And you know, there's no pressure here. Give us a call. We talk if we have, you know, if it makes sense, great. We do something. If not, we had a nice conversation. We part ways. I mean, it's that simple. But having a conversation never killed anybody and never heard anything. Yeah. Well, Carl, listen. And I hate to end this because I can talk to you about this for hours and hours and hours on end. And, you know, you're one of my favorite people on this earth. And, Carl, I appreciate so much you coming back on and breaking this down for us, because this is the stuff that keeps me up at night.

And I want to leave everyone listening with this one thought, you've worked your entire life and you've played by the rules. You saved your money, and right now you're watching the system print that money into oblivion. The people running the system are not going to save you. They're going to save themselves. And they are buying physical gold while they tell you to keep your money in a paper savings account. You don't have to be a victim of the backwards brain. You don't have to run away when things go on sale. You can be the person who steps forward. You can be the person who anchors your family's wealth so that ten, 20 years from now, your kids are thanking you instead of stressing over you. Carl. Buddy, I want to thank you again so much for being here today.

Thank you. Thank you so much. And you know, folks, this is the moment. The pullback is a gift. And don't waste it. Pick up the phone right now. Call Reagan Gold Group 1-800-702-2212. Again that's 1-800-702-2212 or go to own real Goal.com. Make the call, take control and protect your family. I am Walt Philips. This has been The Gold Show and we will see you guys next week.

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