Episode 9: The Retirement Myth: Inflation, Wall Street and Physical Gold | The Gold Show with Walt Philips

Transcript edited for clarity and readability.

Announcer

From the center of America's precious metals. This is the gold. Show your source for insight on safeguarding wealth and uncertain times. Hosted by Walt Philips and brought to you by Reagan Gold Group. We help educate Americans on physical gold and silver, and the role precious metals can play in a diversified retirement strategy. To learn more. Call 800-702-2212 or visit Real Gold. That's on real gold. Now here's your host, Walt Philips.

Walt Philips

And welcome to The Gold Show, folks. I am your host, Walt Philips. This broadcast is brought to you by my good friends at the Reagan Gold Group. But reminder, folks, before we get into it today, I am not a financial advisor. I am not a tax planner. I'm not a licensed anything. I am just a guy who has been watching the math for 20 years and cannot stop talking about it. Everything I say is my personal opinion. Do your own research. Talk to a professional before you make any financial decision. Now, before we get into today's show, folks, I want you to do one thing. Grab a pen and write this number down for me. 1-800-702-2212. Again, that's 1-800-702-2212. Or if you prefer to go online, you can go to own real goal.com.

That is on real goal.com. That is the Reagan Gold group. I'm going to say that number a few more times today, folks, because what I'm going to talk about is going to make you want to pick up that phone and call, write it down again. 1-800-702-2212. Or you can go to own real Goal.com. Now folks, I want to talk to you today about a lie. And it's not a small lie. It's a lie that has been sold to an entire generation of Americans. And it's a lie that is quietly destroying the retirement of millions of people right now. And the lie is if you play by the rules, if you put your money in a 401(k), if you diversify into a mix of stocks and bonds, if you keep some cash in a savings account, you will be safe, you will be secure.

You will be able to retire with dignity. You did all of that. You played by the rules. You worked 30, 40, 50 years. You saved, you sacrificed. You didn't take the vacations you wanted to take. You didn't buy the things you wanted to buy. You put the money away exactly where they told you to put it. And now you're sitting here in your 60s, 70s or 80s, and you're looking at your grocery bill, you're looking at your insurance premium, you're looking at the price of gas. And you were doing the math in your head, and you're realizing that the money you saved is not going to stretch as far as they promised it would. You're not crazy. You didn't do anything wrong. You were just sold a system that was designed to benefit the people running it, and not the people trusting it. Now think about it like a casino.

When you walk into a casino, who always wins the house, it doesn't matter if you have a good night at the blackjack table. Over time, the math guarantees that the house takes the money. Wall Street is the house. The banking system is the house. They told you to put your money in their casino. They charge you fees to manage it. They charge you fees to move it. And while your money is sitting there, the government, which is the biggest partner in the casino, is printing trillions of new dollars, making the dollars you saved worth less and less every single year. Northwestern mutual just put out a study this year, they said the new magic number for a comfortable retirement is $1.46 million, 1.46 million.

How many people do you know who have a million and a half dollars sitting in cash? And even if you do have it, what happens when inflation eats another 20% of its purchasing power over the next five years? What happens when Social Security only gives you a 2.8% cost of living adjustment, while your actual cost of living goes up 8%. You are running on a treadmill that is speeding up and you're getting older. That is the retirement lie. And let me add one more layer to this, because I want you to really feel the weight of what I am saying. Social security, the thing that was supposed to be the safety net, the thing that you paid into your entire working life, the thing that you paid into.

The Senior Citizens League just reported that seniors have lost nearly 20% of their purchasing power over the last decade. 20%. That means the Social Security check you get today buys 20% less than it bought ten years ago, and the 2026 cost of living adjustment 2.8%. Meanwhile, your grocery bill, your utilities, your insurance, your prescriptions they're all going up at three, four, five times that rate. The safety net has holes in it, folks, and the people who are supposed to fix it are the same people who are printing the money. That is making it worse. Now, let me put it another way. Imagine your neighbor comes to you and says, hey, I'm going to hold on to your money for you. I'll keep it safe.

And every year I'm going to give you back a little bit less than what you gave me, but I'm going to call it a raise. Would you laugh him off your porch? Would you ever agree to that deal? But that is exactly the deal that you have with the dollar folks. Every year, the Federal Reserve targets 2%, inflation 2%. That means they are officially, openly on the record, planning to make your money worth 2% less every single year. That's the deal. That is the system. And most people have no idea that they've even agreed to it. Now there is a way off the treadmill, but you have to take the first step. Call the Reagan Gold Group today.

Right now. 1-800-702-2212. Or you can go to that website I mentioned earlier on real Goal.com. Talk to a real person. Find out how you can protect what you have left. 1-800-702-2212 or you can go to own Goal.com. Now let me explain exactly how the trap works, because once you see it, you can't unsee it. When you have your money in a 401(k) or an IRA that is invested in the stock market, you don't own anything real. You own paper promises you own a digital entry on a screen that says you have a tiny fraction of a company. If the market crashes like it did in 2000, like it did in 2008, like it did in 2020, that digital entry gets wiped out. And what do the financial advisors tell you when that happens? They say, just wait it out.

The market always recovers. Wait it out. If you're 35 years old, you can wait it out. If you're 75 years old, you don't have ten years to wait for your portfolio to recover. You need your money now. You can't pay for your prescriptions with a promise that the market is just going to bounce back in 2032. And then there's the bonds, the safe money, the conservative play. They told you to put 40% of your money in bonds. Well, what happens to bonds when interest rates go up. The value of the bonds you hold goes down. The safe part of your portfolio is losing money while inflation is eating the purchasing power of whatever is left. Now imagine you're on a ship that is slowly taking on water.

The captain comes on loudspeaker and says, don't worry folks, the ship is built to handle this. Just stay in your cabins. We're diversifying the water across all the decks. That is your diversified portfolio. The water is inflation. The ship is the dollar. Diversifying across stocks and bonds does not save you if the currency itself is sinking. You need a lifeboat and the only lifeboat that is never sunk in 5000 years of human history is physical gold and silver. Now look at what is happening right now. Just this month, in July of 2026, we had a massive pullback in the market. Prices spiked, tensions in the Middle East flared up, the paper markets got spooked. And what did gold do. Gold is holding near $4,000 an ounce. Even with the pullback. Even with the noise it's sitting near all time highs because when the paper system shakes, the smart money runs to the one thing that cannot be printed.

It can't be hat. It can't go bankrupt. I was reading a report from Society General. They said, and I quote folks, elevated uncertainty plays directly into the gold market. And every week we seem to have another area of uncertainty at it. Every week, another reason to get into the lifeboat and the biggest banks in the world are not arguing with me on this, folks. Reuters just reported that Bank of America, JP Morgan, Goldman Sachs, they're all raising their long term gold forecasts. Goldman Sachs sees gold at $4,900. By December of this year. Wells Fargo is projecting 6100 to 6300 by year's end. These aren't gold bugs, folks. They're not conspiracy theorists. These are the same institutions that manage your pension funds, your 401(k)'s, your retirement accounts, and they're telling their own clients to buy gold.

So let me ask you a question. If the biggest banks in the world are buying gold and recommending gold to their wealthiest clients, why are they not telling you? Why is your financial advisor not calling you up and saying, hey, I think you should put some of your retirement into physical gold? Because the advice that is best for you is not the advice that is most profitable for them. That's the answer. It's not complicated. It's not a conspiracy. It's just business. Their business, not yours. Theirs. Your business is protecting what you have worked for your entire life to build, and the only way to do that is to take some of your wealth out of their system and put it into something they cannot touch, they cannot print, and they cannot devalue.

Don't wait for the ship to take on more water, folks. Call the Reagan Gold Group today. If you've been listening to me for the past month, the past two months, and you haven't made that call yet, today is the day. 1-800-702-2212. Or you can go to own real gold. The call is free, folks. You might end up getting some of the best information that you've ever gotten. This could be the call that changes your future significantly for the better. Find out how you can move part of your IRA or four one into physical gold and silver, completely tax free and penalty free. They do all the work for you don't have to lift a finger. It is so much easier than you think. So again folks 1-800-702-2212.

Or you can go to own real goal.com. Now I know what some of you are thinking right now. You're listening to me. You agree with the math. You see the inflation at the grocery store and you want to protect your money, but you're thinking, Walt, all my money's tied up in my IRA. It's in my 401. I can't touch it without paying massive taxes and penalties to the IRS. This is the biggest secret in the financial industry, and it's the one thing your broker does not want you to know. You can take the money in your existing IRA or your old 401, and you can roll it over into a precious metals IRA. You don't pay a dime in taxes to make the transfer. You don't pay a single penalty to the IRS.

It is direct, legal, government approved transfer from a paper account into a physical asset account. Instead of your retirement being backed by stocks and bonds, it's backed by physical investment grade gold and silver. Real metal sitting in an IRS approved depository. In your name. Why didn't your broker tell you about this? Why didn't the guy who manages your retirement account mention that this was an option? Because if you move your money into physical gold, he stops making fees on it. It's that simple, folks. He's not protecting your money. He's protecting his commission. They want you to think that it's complicated. They want you to think that it's a massive headache. They want you to stay exactly where you are bleeding purchasing power so they can keep charging you 1% a year or more to manage a portfolio that's losing to inflation.

It is not that complicated. The team at Reagan Gold Group does this every single day. You call them up, you tell them you have an IRA or an old 401. They handle the paperwork. They talk to your current custodian. They set up the new account. They facilitate the transfer. You don't have to fight with your broker. You don't have to to navigate the IRS tax code. They do all the heavy lifting for you. And the best part, folks, if you call them and talk through it and you decide it's not the right move for you, all you got to do is say thank you and hang up. That's it. It's not a high pressure sales tactic call. There's no harassment. You just get the facts that you need to make an informed decision about your own money.

Now, I want to give you folks a challenge, and it's just a five minute challenge. Call that number and tell them that Walt sent you. Tell them you want to understand how the IRA rollover works. Ask them one question, just one, and then listen to the answer. I promise you, by the end of that five minute conversation, you're going to have more clarity about your retirement than you have gotten from your financial advisor in the last five years, because they are not going to sell you anything, they're going to educate you, and then the decision is yours to make. That is the difference between Reagan Gold Group and the rest of the financial industry. They believe that an educated client is the best client. They are not hiding the ball. They're not making the process complicated on purpose. They want you to understand exactly what you were doing with your money, because when you understand it, you feel good about it.

And when you feel good about it, you sleep well at night. But here's the thing the window doesn't stay open forever, folks. Gold has pulled back from its all time high of 5600 $600 an ounce that it hit in January of this year. Right now, it's sitting near $4,000. That's a significant discount from where it was only half a year ago, six months ago. Is it going to go lower? I don't know, nobody knows. But I do know what the math says. I know what the debt says. I know with $39 trillion of national debt and $5 billion added every single day, says it says the dollar is going to keep losing value, and it says gold is going to keep reflecting that reality over time.

So take control over your own retirement. Call the Reagan Gold Group right now, folks. 1-800-702-2212. Or you can go to Owen Real Goal.com. You can fill out a few simple questions and somebody is going to call you right away. Ask them about the tax free IRA rollover. Now we're coming to the end of this segment folks. And I want to talk to you directly. Just you and me. I get fired up on this show. I raise my voice, I know I do, and sometimes people tell me I need to calm down, but I can't calm down because I'm watching a slow motion train wreck and I'm watching good, hardworking people sitting on the tracks. You did not work your entire life to spend your 70s worrying about the price of eggs.

That's ridiculous. You did not sacrifice and save so that the Federal Reserve could print your purchasing power into oblivion. You did everything right, and the system is failing you. It's time to wake up. The people running the system are not coming to save you. The government is not going to suddenly balance the budget tomorrow. The inflation is not going to magically disappear. The dollar is not going to regain the value. It is lost. The only person who is going to protect your family is you. The anomaly in this market. The weirdest thing in the world to me, is that people want to buy gold when it is hitting all time highs and everyone is talking about it on the news, but when it pulls back, when it takes a breath, when it gives you a window of opportunity to get in a better price, people freeze.

Do not freeze. Do not be the person who looks back in five years and realizes you had the chance to protect your wealth, and you let it slip away because you were too paralyzed to make a phone call. And I want to talk about something bigger than just your own retirement. I want to talk about what you're leaving behind. You've worked your entire life. You've built something. Maybe it's a house. Maybe it's a business. Maybe it's a savings account that you've been adding to for 30 years. You want to leave something for your kids, for your grandkids. You want the sacrifice to mean something beyond your own lifetime. What happens to that legacy when the dollar loses another 30% of its value over the next decade?

What happens to that inheritance when the market crashes and takes half of it with it? Gold does not do that. Silver does not do that. Physical, precious metals have been the most reliable way to transfer wealth across generations. For 5000 years, the Romans used it, the Egyptians used it. Every civilization that ever built something worth passing down use gold and silver to protect it. You are not just buying gold for yourself, you're buying it for the people who come after you. This is the real investment. This is the real legacy. I'm not yelling at you. I'm talking to you like a friend who knows something. You. Who knows something that you need to hear. I want you to have peace of mind. I want you to sleep at night knowing that no matter what happens in the Middle East, no matter what the stock market does, no matter how much money the government prints, your wealth is anchored in something real.

So, folks, pick up the phone, make the call. It's the easiest thing in the world, and it can be the most important financial decision that you ever make. Call the Reagan Gold Group. Make today be that day that you pick up the phone 1-800-702-2212 or folks, you can go to that website on real Goal.com and I urge you, don't wait for tomorrow. Don't tell yourself you're going to do it next week. Do it right now. No time like the present. 1-800-702-2212. Or you can go to Owen Real Gold com. I am Walt Philips. And, folks, I don't want you to go anywhere because in segment two, as usual, I'm bringing Carl back on the show. We're going to keep this conversation going, and we're going to talk about the questions he gets every single day from people just like you. We'll be right back on The Gold Show once again, folks, I am Walt Philips. See you soon.

Welcome back to The Gold Show once again, folks. I am your host, Walt Philips. If you are just tuning in, folks, you missed a Fired up first segment. I spent the last 20 minutes talking about the biggest lie in the financial industry today. The retirement lie, the idea that if you just keep money in a diversified portfolio of paper assets and wait out until the market crashes, you're just going to be fine. I talked about how the system is designed like a casino where the house always wins. I talked about how your broker is protecting his fees and not your purchasing power. And I talked about the lifeboat physical gold and silver, and how you can move out of your IRA or 401 into a precious metals IRA, completely tax free and penalty free.

If you missed it. Do not miss this. And folks, I really urge you right now get a pen out. Write down this number 1-800-702-2212. Again folks, that's 1-800-702-2212. Or you can go to own real Goal.com again folks that is the Reagan Gold group. And that number one last time is 1-800-702-2212. Now, folks, I can sit here and talk about the math all day long, but I want you to hear from someone who is actually on the front lines, someone who talks to people just like you every single day. And I'm bringing them back. Back a guy right now. Folks, if you've been listening in the last few weeks. He's my good friend and someone actually, that I consider more of a brother to me at this point. And we've been doing this for a while together. Now he's one of the top precious metals in the country and definitely the top precious metals specialist over at Reagan Gold Group.

And he is the guy that you want in your corner when the paper system starts to shake. So with that, Carl, it is amazing to have you back on the show my friends. Well, thank you so much for having me. I appreciate it greatly as always. Absolutely, Carl. Absolutely great to have you back, man. Castle, listen, man, in the first segment, I pretty much spent the whole segment. Carl and I was talking about this thing that I like to call the retirement lie, and it's the fact that people who did everything right in their lives, who played by the rules, are now in their 70s and 80s, and they're realizing that their savings isn't going to stretch out because inflation is eating them alive.

And I talked about how easy it is to roll that paper IRA, into physical metal without paying taxes or penalties. And lastly, Carl, I talked about the relationship that people can have with a financial advisor and not to downplay financial advisors because they're all great people, but they're motivated by their own agendas and being able to get their own commissions and not always looking out for the best interests of the person in front of them. So I just wanted to see Carl, you know, you're the one talking to folks every single day about this stuff. Are we on the same page, like when someone calls you for the first time? What's the biggest fear they have and how do you walk them through it, like encompassing all of these things?

Well, I mean, here's the thing. So many folks, unfortunately this is, quote, new to them. I hear that all the time. So this is something that, you know, maybe, maybe seems a bit intimidating. And, you know, a lot of people, just like you said, they get these advisors that, you know, through their jobs or what have you. They set up an account and kind of set it and forget it. Somebody sends them a statement a couple of times a year, and they think they have a retirement account. And technically they do. But you know, they're not doing anything about it. Somebody's not looking over it every day and trading it. And, you know, all they have is, you know, a bunch of paper in the system that is under the, you know, it's all in the system and that doesn't have any diversity to it.

So, you know, probably the biggest thing that I, I see, you know, is just people being apprehensive because it's not mainstream or as mainstream as they think. But I always tell people, if you start really asking around of friends and neighbors and relatives, all of a sudden you realize there are a lot of people that have metals around you. It's just something a lot of people don't talk about. And you know, the kind of take it, stash it, hide it, and it's not something that they really boast about, which I understand. I mean, they want to protect what they have. They want to protect that physical asset, not have it taken from them. So, you know, it's definitely something that I think is kind of a misconception that, you know, I think there's a lot more people out there that have gold and silver than people even realize.

Yeah. And, you know, I think, Karl, that, you know, when, you know, people are calling in, at least, you know, from my perception, you know, I think a lot of the times, like, you know, they probably feel like the paperwork is going to look so scary and, you know, they just want to not even go through with it and just be lazy and leave their money. You know where it is, you know, and not go through with holding physical gold. And yeah, so true. People all the time say that. Yep. Yeah. And you know and it's like, you know then you have the other side of it Karl with like the financial advisors and you know it's like they try to weaponize the confusion I think like they throw out terms like, you know, taxable event and early withdrawal penalty, you know, to paralyze people. And it works. And people get scared and they freeze.

And then, you know, and, you know, the manager keeps getting his 1 to 3% management fee every single year. And you know, they talk people off ever going there. Happens all the time here that I hear that story five times a day every day of the week. And unfortunately it's just not true. Basically, you know what I mean by that is I mean the process is simple. And probably the biggest thing I hear from folks, once everything's completed, they go, wow, that was easy. Wow, that wasn't so bad. You know, really, the only time we really ever have any headaches or heartburn in the process is when these, you know, financial companies step in and won't give the people their own money. Really. It's just they tie things up for quite a while and just drag it along. And, you know, I mean, I've heard everything in the book, oh, we never got that fax.

And then, you know, the customer calls me going, hey, what's going on here? And I tell the customer what they told us and the customer calls them and they go, oh my goodness, it's right here on the fax machine. I can't believe I missed that. I mean, you know, it's a game that these financial advisors and financial companies that fortunately play with folks sometimes. But you know, like I you've heard me say this before and I'll say it again. This is your money, folks. You have to protect it, not somebody else. Yeah. And Carl is now. Yeah. And that's what pisses me off the most, man. Because, you know, the system makes it incredibly easy to put your money in. But the second that you want to take control of it, they throw up a maze of tax codes. And that's why having Reagan doing the heavy lifting is so important. Because you guys literally take the maze away.

You talk to the custodian, you handle the transfer. The client just has to say, yes, protect my money. And they don't have to fight the IRS. They don't have to fight some, you know, advisor or broker because you're doing everything for them. Yeah. I mean essentially, I mean, that's really what it is, is we jokingly say we do the heavy lifting, but that's what my team does here. And my team is absolutely fantastic. They do a great job at that. It's just a matter though of, you know, people saying they're ready to take control of their own money. I mean, that's what it comes down to is, hey, I want to protect myself.

I want to protect my retirement and not let it get gobbled up in paper assets that may or may not be, you know, valuable one day. I mean, you know, I always go back to, you know, look at like some of the situations in our past. I mean, we had a few years back here, you know, GE wasn't able to pay their, you know, employees pensions work your whole life. And then, you know, you can't get your money. How about Enron I mean that whole debacle you know absolutely crazy. Absolutely. Yeah I mean Carl, you know, it's you know, I think that, you know, the ultimate goal here and at least something that, you know, I'm doing my best to convey and something that I know that you do as well, is that, you know, our listeners here, you know, they don't have ten years to just wait around for markets to correct or to make up their mind or thinking about making that call.

You know what I'm saying? I'm sure that you've had people that, you know, eventually have called in that might have been waiting a week. They might have been waiting a month, they might have been waiting a year or whatever it may be. And it's like, you know, once you actually get to that place where you get into physical metal, you know what I'm saying? And you're able to kind of it's almost like taking control of your life, you know, it's like, you know, it's like, you know, you ever see The Matrix, you know what I'm saying? It's like that movie, you know, that one of the most popular movies ever. And it's kind of like people are living in this imaginary world, and then they get unplugged.

And that's kind of how I look at metals, as strange as that might be to say. But it's like living within this paper system, you know, you're you're almost obligatory to these rules that society is made up of. Put your money in bonds and put it in stocks, and put this percentage here and put that percentage here. And ultimately it's so the end user doesn't have control. And when they get over to you at Reagan, giving them metal is like unplugging them. It's giving them the control back because they have something physical. I mean, you know, real recently, Carl, I don't know if you saw this, but Mark Cuban, I think he was one of the, you know, the earliest adopters of Bitcoin. He sold 80% of his bitcoin, I think almost all of it.

And he said he literally said I bought Bitcoin because I thought that this was going to be the new gold. And I and all it all it's done for me is nothing, pretty much nothing. And you know, the guy is a billionaire. I don't know how many times over. And he said, I'm going back to gold. And if that's not a telltale of where this world is heading right now and where the markets are heading, I mean, look at the World Bank's crawl.

I mean, the world banks are buying up gold like there's no tomorrow. Right now they're taking cash and buying gold. And, you know, for the listener at home, that's what I, you know, try to convey to them as much as possible. And, you know, with that, folks, you know, if you've been listening to this and you're, you know, you know, relating to anything that Carl and I are saying right now, I really want you to seriously consider making this call right now. I know it's very easy to write the number down. I've said the number a million times, but, you know, and maybe Carl, I can I can let you kind of take this section over because his folks, you know, you have the opportunity, being privileged, being able to listen to this show right now where you actually can literally connect with Carl at Reagan, if you call that number, that 1-800-702-2212 and you can speak to him and his team directly.

Yeah. I mean, listen, folks, it doesn't cost anything to have a conversation. There's no pressure for me. There's no pressure for my team. We're going to do this at your pace. We're here to give you information and let people know that they have alternatives, and they don't have to leave. Everything they have in that system that, you know, has failed before. I mean, we've watched companies go out of business. We've watched fiat currencies globally go away, but we've never seen, you know, physical gold or physical silver have no value to it. You know, I guess theoretically anything could happen. But I don't think that's very likely. You know, it's about giving yourself that, that protection. I mean, you know, your financial advisor and I, we got a lot of friends in that business.

They're great people, but they're never going to tell you to do anything that doesn't benefit them. They make a percentage on everything that you have invested with them, you know? And I get people that tell me all the time, well, my advisor doesn't charge me anything said really. I go, you know, I tell them all the time, I go, how do they how do these companies have offices and every other corner TV commercials on all day long? All these financial advisors belong to a country club. And, you know, our, you know, golfing and taking people to dinners and all that stuff. I mean, it's not happening for free. Or maybe it's those hidden costs. Carl, like you mentioned last week with that other company. Buried. In there, gives away free silver, supposedly.

Yeah, there's the you know, there's the companies out there. You know, it's the same thing in our space. You know, when you got, you know, something that's too good to be true, it usually is, you know, give it 10% free silver out. I mean, there's companies that are doing that or, you know, all they're doing is overcharging you for your metals. Somebody is paying for it somewhere and you're the one paying for it. You know you got to work with the right company and you got to do this the proper way. That's the most important thing. And make sure that you're protected. It's about being proactive and not reactive and about doing it at the right time. And now is the time.

I mean, I understand that it's, you know, summertime and people want to hang out at the beach and, you know, go on vacation, all that. And that's fantastic. But, you know, unfortunately, the markets don't stop for our lives. And, you know, with this war going on and all the other crazy stuff going on in this world, you know, it now is really a great time considering, you know, like you and I have talked about in the past, metals have taken a little bit of a dip. I like to buy at a discount. I mean, I love walking into my favorite, you know, retail store, and I like to see a 20% off sign instead of full price. Who doesn't?

Right. I think we talked about that last week, Carl. You know, it's like both of us are like always, you know, you and I are always talking about that. It's just like, it just doesn't make sense. Like, you know, you walk into, you know, a Best Buy to go get a TV and you see the 75 inch TV that you've been wanting and it's on sale for $2,000 off. And even if you don't need a TV, you're buying that TV. 100%. You know exactly, man, 100%. And everybody's all of our listeners have been there. They've all been in that situation. You know? I mean, it happens.

Yeah. But then metals come about right. And, you know, metals are on sale right now. Metals are on sale. It's already been proven with gold. Gold was at $5,600 less than six months ago, a little bit less than six months ago. Gold was at 5600. I'm sorry. Maybe a little more than six to go six months ago, but gold was at $5,600 right now. Where, you know, sitting in the $4,000 range. And, you know, if you understand the fundamentals of these metals and folks at home that are listening, I'm not saying you need to go out and go get a degree in macroeconomics tomorrow, but simple research will show you that silver, as is in its sixth year of a supply deficit, gold is headed for parabolic moves.

Right now. Major banks have it forecasted. This isn't me saying this. This isn't Karl saying this, but major banks Goldman Sachs, JP Morgan we went over it in the first. I mean they have gold forecasted to $6,300 an ounce by the end of this year. And right now we're sitting at $4,000 around that range. I mean, to me, that's the biggest buying opportunity of a lifetime. And why I always stress so hard to pick up that phone, because you're not picking up that phone just to pick up the phone, but it's to literally change your life, make a life altering decision that can give you the kind of security where you're sleeping. Well, and I don't know about you, Carl, but I love my sleep, man. I love having peaceful sleep.

I love I love a good rest. And I'll tell you, I mean, it's kind of funny what you're saying, because I hear it from people all the time. You know, you hear from friends and family and, you know, just people in general. You know, I bought that stock on a dip. Well, why can't you buy gold or silver on a dip? Right, right. What's wrong? What's wrong with that? I mean, except for the fact that it's the only thing that's a real physical, tangible asset, not a piece of paper. And, you know, it's it's got real value. You know, the paper we carry in our pockets, fiat currency, you know, we the government is backed by the faith of the US government. We haven't defaulted yet. I mean, you know, I. Yeah, yeah.

If I met you, this gets the key. And the reality of it is this. I mean, I think I mentioned this a couple of weeks ago, but, you know, if I'm being repetitive, but, you know. Yeah. Who financed had a great article out where by 2030 we're going to have, you know, our the interest on our money we owe as a government is going to be more than the GDP of this country. Crazy. And we're paying $5 billion a day, a day on interest payments, a day, 5 billion a day. It's insane. And the dollar has lost 87% of its value since 1933, I believe. You know what I'm saying. Or maybe it's I don't know if it's since the 33 or 71 or whatever it was when we got off the Gold Center.

But, you know, the, the people with cash sitting in their accounts right now, Carl, it's losing value every single day that goes by. The fed keeps printing money. The money in their account is going to keep losing value. And physical gold has retained value and been a store of metal for 5000 years. Carl. 5000 years. 5000 years in every fiat system in history has failed. Every single one has failed. The dollar is just a little bit late to the party. But they've all. That's all it is. It's been. Well, here's the thing. I mean, historically, fiat currencies generally the last 40 to 50 years, the US dollar is 94 years, 95 years, something like that. Yeah.

Come on guys, I mean you can't rob Peter to pay Paul for forever. I mean this is the time to do it. The time to do it's now I tell people that all the time. And it's not because I sell gold and silver. It's because I want people to protect themselves. I hate when people don't want to step up and don't want, you know, they get scared. They don't feel like I'm here. I'll give you an example. I talked to a guy earlier. He called in. He's been listening to the show for some weeks now and said, you know what's kind of crazy? He goes, I was scared to make this phone call. And I said, what are you scared of? He goes, I don't know.

I didn't know what to ask or what to say or what to not say. He goes, and you know, I'll tell you one thing. He goes, this was so easy. I said, yeah, I call this a raving conversation. All it is a conversation. Nobody's pressuring anybody to do anything. Like I tell people all the time, this is your money, not ours, not mine. That wall, not Reagan gold. This is yours. It's about you protecting what you have worked hard for. You know, I got another guy. I just, you know, purchases medals the other day. Great guy. And you know what he said? Tell me. He said to me, he goes, I'm doing this because I want to make sure if I have to go to assisted living, I have real money there to be there for me.

And I said, wow, I thought it was crazy. I thought it was, you know, very insightful, very cool. But I was like, wow. Yeah. I mean, this guy wanted to buy them gold. Silver, just to make sure that he said to me, he goes, I want to make sure if I have to get into an assisted living facility at some point, I'm in a good one. And, you know, I get that. I mean, listen, I mean, we're in crazy times. There's a lot of, you know, crazy stuff going on. And, you know, we're in uncharted territory. Essentially. We've never seen 40 trillion a debt. We've never seen this kind of money printing. We haven't seen this kind of dollar, you know, devaluation over the, you know, the years and the fact that we're at this point now, what do you do?

Do you sit there and take it on the chin? Because unfortunately, all of us listening here have one problem in common that I haven't been able to figure it out an answer for. And if somebody has that answer, please call me. But none of us are getting any younger, right? Right. So if somebody knows how to make us all younger, please call in and let us know. I know all to be happy to hear it. I'd be happy to. Hear it. By all. Means, please, please, please. I mean it. God, no. I was going to say I'll install the phones tonight, Carl. You know, for the fountain. For the fountain of youth, folks. For the knees. Exactly. Please call me up for the fountain of youth. My wife will love you. But I. Mean.

Of course. I mean, the thing, though, is, folks, it's about taking, you know, taking the bull by the horns and about doing it for yourself. You know, these financial advisors are never going to tell you to do anything that doesn't benefit them. Like I said, a lot of friends in that business, they're great people. But the reality of it is, is they all have jobs. They all have, you know, quotas. They all have to report to somebody. And, you know, the reality of it is, is, you know, so many folks think that these advisors or these people are like trading their account daily. First of all, if they were doing that, that'd be the worst thing, because when you buy, it's a fee. When you sell, it's the fee.

So your cost would be, you know, off the chart. But besides that they're taking you throwing you in A, B, C or D and, you know, conservative to risky or somewhere in between and let it roll and they send you a statement every six months. You know, it's about you protecting you, not somebody else protecting you. And you know it. Just don't be that deer in headlights. Don't be the person that loses out because they got misinformation from somebody or you know, had a bad experience in the past. But the main thing is, is know who you're working with. I know there's a reason why our company has the reputation that it has. And, you know, I have the reputation I have in this business. You know, it's treat people fairly, do it the right way, and it works out for all parties involved.

Unfortunately, that's all the time that we have. Carl. And I appreciate you coming on as always, and I'm looking forward to getting back here next week with you so we can continue this conversation. Stop trusting a system that is actively devaluing your life's work. Take your wealth out of their casino and put it into one asset that is survived every crisis, every war, and every inflation cycle in human history. Pick up the phone. Make the call. Call Reagan Gold Group right now. 1-800-702-2212 or go to own real Goal.com. Do not wait for the next market crash. Do not wait for the next inflation report. Do it today. Folks, I am Walt Philips. This has been The Gold Show and we will see you 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 Owen real gold. That's Owen real gold. 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.