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Speaker 1: Yeah, so gold is up, and earlier this morning, just

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a couple hours ago, it poked its head above twenty

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five hundred and ounce, which is a pretty special number,

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big psychological number, and I think this is coming from

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a lot of places. Really, it's sort of every part

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of the economy that you could think of. Quite honestly.

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We have central bank gold buying which is accelerating right.

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China is the number one importer of gold, is also

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the number one producer of gold, and many other central

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banks are hoarding it as well.

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Speaker 2: You were listening to Carrie Letz's Financial Survival Network, where

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you get valuable information you just can't find anywhere else

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to thrive in today's trying times. You need the Financial

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00:00:38,200 --> 00:00:43,280
Survival Network now more than ever. Go to Financial Survivalnetwork

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dot com and get your free newsletter and gift. Financial

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Survival Network now more than ever.

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Speaker 3: And welcome you are listening to and watching the Financial

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Survival Network. I'm your host, Carrie Lott. Well, today the

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market's down, gold is up. I haven't looked at the

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dollar yet, but I'd venture to say it's probably going

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up as well, because gold and the dollar have been

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going up together recently. Yes, the dollars the Dixie Index?

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Is it one oh four point three five? Hey, we're

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on the first day of August. Alan Hibbards with us

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Goldsilver dot Com. Allen, Hey, so what do you make

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of the current action in the stock market and in

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the price of medals?

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Speaker 1: Hey, Kerrie, thanks for having me. Yeah, so gold is

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up and earlier this morning, just a couple hours ago,

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it poked its head above twenty five hundred and ounce,

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which is a pretty special number, big psychological number, and

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I think this is coming from a lot of places. Really,

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it's sort of every part of the economy that you

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could think of, quite honestly. We have central bank gold

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buying which is accelerating right. China is the number one

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importer of gold, is also the number one producer of gold,

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and many other central banks are hoarding it as well.

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Retail investors are buying it. We've seen a lot of

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geopolitical tension, We've seen inflation concerns. We've talked talk of

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the FED cutting rates in September. So really just about

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everything that could be bullish for gold is bullish for gold.

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Speaker 3: And you missed one major thing that I believe will

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be the veritable straw that breaks the camels back, and

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that is quite simply that China's economy is imploding. That

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the real estate market, which is the primary means of

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citizens of the wonderful country of PRC People's Republic of China,

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that was the primary means that you pretty much had

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for putting your excess savings in, and now it's looking

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like that's all gone.

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Speaker 1: Yeah, exactly, that's a great point. I mean, for a

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lot of years, a lot of people in a lot

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of country have had a limited number of options for

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protecting their purchasing power. And as those sort of promises,

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really most things are most things are credit, even something

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like real estate, because you know, you rely on the

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government to guarantee it, your property rights and so forth.

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As those different forms of credit evaporate, you're sort of

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left with things that aren't credit, and that's basically gold

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and silver. So slowly we're seeing that that trade happen

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all over the world for different reasons.

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Speaker 3: All right, Yeah, and you know there still is you

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can't really get the straight scoop on how many what

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the exact size of the Chinese population is. It appears

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there's still over a billion of them there and if

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they start buying en mass, what do you think is

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going to happen.

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Speaker 1: Yeah, I'm expecting the price to go up a lot.

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I'm expecting it to continue to go up as it

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has been. But I'm also expecting that trend to continue.

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And you know what's interesting is I just sat down

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the other day to look at the nineteen seventies bull

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run in gold and silver, and out of curiosity, I said, okay,

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at that blowoff top that ended in nineteen eighty, how

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how long did it take for the price of gold

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to double right before that peak? And the answer is

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forty two days, forty two days, and those are calendar days,

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not trading days. So forty two days before the top

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of eight hundred and seventy three dollars, forty two days

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prior the price of gold was half. So that's a

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tremendous move to get at the end of a bull market.

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And it, by the way, quadrupled in a year and

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a week. A year and a week, So imagine the

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price of gold quadrupling in a year and a week.

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So if we're talking about twenty five hundred dollars announce

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gold now four times that is ten thousand dollars an ounce,

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which sounds like an absolute crazy person number, but it

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quadrupled in a year and a week at the end

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of that bull run. So do I think that's going

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to happen? No? Is it possible? Of course, because it

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already has happened. So we're talking about big numbers and

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buying pressure is coming from everywhere all.

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Speaker 3: Over the globe. Yeah, and I think it's even happening

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in the US to some extent, don't you think?

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Speaker 1: Absolutely, there's no question. And we saw that earlier this

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year and in Q four last year with the massive

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retail craze going to Costco and Walmart, and of course

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at our company, we see a tremendous pickup in volume.

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So yeah, a lot of people are buying gold. And

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I had some friends reach out to me earlier this

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year who said they bought gold and silver for the

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first time, which is kind of unprecedented because they're you know, well,

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that's why I guess what first time means by definition.

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But they're in their forties buying gold for the first time.

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You know, they've been investing twenty years and they're just

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getting into it now. And I don't think they're alone.

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I think I think a lot of people in the

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United States are going to be following that batter thinks.

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Speaker 3: So huh, all right, so it's not going up to

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ten thousand so quick. I mean, I just find that

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a little hard to believe. I don't know about you.

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I just see it.

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Speaker 1: Yeah, I don't see it either. And one thing I

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should say is that the the bull market of the

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nineteen seventies took ten years to play out. The one

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we're currently in has been playing out over about twenty

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five years, so it's taking two and a half times longer, roughly.

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So I wouldn't expect such a move in one year.

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You know, the comparable time frame would be two and

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a half years. But even that seems more aggressive that

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I think is going to happen. But my point here

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isn't that you know such a large number is going

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to happen. My point is that big moves are possible

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and people don't realize it. So even if gold only

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doubles to five thousand and ounce over the next few years,

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that's going to catch so many people by surprise. And

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there's there's multiple times that gold has done that throughout history,

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So you know, big moves are definitely possible, and the

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biggest moves of a bull run come at the end.

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So it looks like we're shaping up to the final

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maybe two to five years of the bull market. So

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I'm expecting I'm expecting big.

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Speaker 3: Moves, all right. So, hey, are the world's currency is

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going to collapse?

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Speaker 1: Well, when gold goes up every day, that's the world's

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currencies collapsing in slow motion. I mean, that's really what

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that is. Like, gold and silver don't change, so if

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the price changes, it's because the dollar or the pound

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or the yen or whatever you want to measure it,

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and that's what's changing. Those things are really getting weaker.

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So any fiat currency is just slowly going to zero,

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and they go slowly and then they go quickly so

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gradually then suddenly, so yeah, they're.

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Speaker 3: Sort of and people go bankrupt, right.

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Speaker 1: Yeah, unfortunately and I mean quickly. Yeah. Yeah. It's not

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something to be happy about, but it is inevitable. So

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it makes sense to be prepared. Is that simple?

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Speaker 3: Hey, Just because the country's going down the tubes and

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the economy is going down the tubes, doesn't mean you

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have to go down the tubes with it.

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Speaker 1: Right, Hey, I agree. I agree completely, all.

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Speaker 3: Right, So what kind of what kind of gold do

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you think people should buy? I'm not talking you and

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I've been buying it for years. I'm talking about lesser

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sophisticated Johnny com lately gold bugs. What do you buy?

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Speaker 1: Yeah, I think it makes sense to start with an

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allocation to physical precious metals. So maybe that makes sense.

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Maybe it makes sense to have something delivered to your house.

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And you know, there's a big misconception that, first of all,

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it's hard to buy gold, like you have to ride

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your horse and buggy down to the you know, gold

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dealer or something like that. It's not true. You can

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buy gold online just as easy as if you're buying

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something from Amazon. It's a couple of clicks, it gets

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shipped to your door. And in terms of what to

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buy physical investment grade gold and silver, if you live

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in the United States, a gold eagle would make a

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lot of sense. If you live in Canada, maybe a

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gold maple leaf and so on is something that's regionally

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close to you wherever you live in the world. So yeah,

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and there's another misconception that you need, you know, a

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giant safe with lasers in your basement or something like that.

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You absolutely don't. You can store a lot of gold,

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high value gold in it.

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Speaker 3: It doesn't hurt though, doesn't It.

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Speaker 1: Doesn't hurt, but you do already have it. Great, but

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you certainly don't need to install it. I mean you can.

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You can store ten thousand dollars, ten thousand dollars worth

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of gold in your pocket, and it's smaller than your

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cell phone. It weighs less than your cell phone ten

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thousand dollars, so it is very dense. You could put

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in your sock drawer, you know, a pretty decent chunk

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of values. So you don't need massive security measures obviously.

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If you have them, or you want to implement them,

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by all means, go for it. And there's third party

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storage available where there are guys with guns that specialize

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in protecting precious metals and other valuable assets. But yeah,

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I would start with physical investment grade gold and silver.

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I wouldn't get collector coins, you know, numismatics, I wouldn't

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get any I wouldn't buy any ETFs or any paper

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gold or promises, nothing like that. So yeah, physical gold

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and silver, and if you feel comfortable storing it at home,

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do so. If not store it at a trusted third party.

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Probably don't put it in a bank safety deposit box

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just because if the banks go bankrupt or have a problem,

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they get to take your stuff. So I wouldn't do that.

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Speaker 3: Now that's total mistake. Never put it in a bank. Well,

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you could put a little there, let's put it that way,

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but I wouldn't make it your primary storage facility. There's

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private safe deposit boxes, which one got rated illegally as

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it turned out, by the FBI and they wound up

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having to account for it. And we used to have

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a number of them in Florida, and the one that

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I used to use went out of business. You know,

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one of my favorite places alan to store it if

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you live near a casino, casino safe deposit box, because

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casinos open twenty four to seven and they provide their

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customers with a free, complimentary safe deposit box behind the cage. Now,

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sometimes these cages do get robbed, like in Vegas, although

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they've taken measures now that it's exceedingly rare. But the

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one thing they've never tried to do is go behind

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the cage the cashier's facility in the casino and start

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breaking safe deposit boxes open. I remember one guy he

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was up ten million dollars and he kept to all

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of his chips in binions safe in their safe deposit box.

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Ten million dollars worth of casino chips, which is the

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same as cash, right, Yeah, exactly. That's a pretty creative solution.

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Speaker 1: I like that. So it feels like an Ocean's eleven

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type scenario.

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Speaker 3: You know who created it? You know who came up

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with that one? Oh me? You're looking at him because

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these problems. And I used to keep some gold in

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a casino up in Connecticut once upon a time, and

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you know, then it just got a little unmanageable. But

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you know I always did and it was no big deal.

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So and it's free. And the best thing, Alan is

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you have twenty four to seven access. There is no

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other place in the world other than in your own

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home where you were going to have twenty four to

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seven access to your box. You know. David Morgan, Yeah,

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he liked that one enough that he's recommended it to people.

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So me and David go way way back. We've been

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friends for the better part of a decade. So if

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he liked it, then I know it's good. Yeah, that's awesome, beautiful.

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I love the incentives there of the casino too. I

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mean they're obviously trying to protect everything. They don't want

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a robbery or a loss. So yeah, oh you're never

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it's never going to get ripped off there, you know,

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it's just not as a virtual impossibility. Yeah, Like if

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the whole world collapses and you can't get it, if

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you can't get into a casino to donate your money

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to their bottom line, then things are really bad and

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you're not going to be worrying about your goal. That's

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the way I figure it.

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Speaker 1: Yeah, yeah, and maybe it makes sense to diversify so right,

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as a form of defense. So don't put it all

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in one casino, you know, pick several different casinos or oh.

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Speaker 3: Yeah yeah, yeah, you could do that too. I didn't

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mention that, but every casine, Like if you're in Vegas,

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every casino there and just about has got a safe

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deposit box area. And if you're in other places Mississippi, Reno,

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even California. You know the Indian casinos in Connecticut. You

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got two casinos in Atlantic City, you know all these places.

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In Florida, there's numerous casinos here where you can park

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your goal. Then Hey, if you're the nervous type, which

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I definitely am not embarrassed to say it here, Alan,

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you know, you split it up under three or four

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of them and you keep some at home just for

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safe measure. So yeah, And like I say, casino cages

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cashiers get ripped off on occasion. But like in Nevada,

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you could kill somebody and get three years in jail,

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but if you rob a casino, I'll put you away

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for life.

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Speaker 1: Wow, I didn't realize that.

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Speaker 3: That's uh yeah, that's the greatest defense you can do,

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is ripping off a casino the nerve how dare you right?

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Speaker 1: Yeah, don't steal from the rich, right, that was Bernie

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Meadof's crime.

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Speaker 3: Yeah, well, you know, if you're going to steal, steal

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from you know, well, anyway, we don't encourage anybody, that's right.

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It's like, there's enough easy ways to make money without

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the risk of going to to the slammer that you

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don't need to do it. But hey, so what do

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you see the time frame for the price of gold

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making its play here?

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Speaker 1: Well, I mean, we're we're flirting with record highs right now,

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so it's kind of hard to say how much longer

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the bull run is going to cat continue. I would

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guess something like two to five years, but I'm not

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overly confident in that range, you know. It's it's sort

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of like dependent on what else happens in the economy,

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depends on moves by politicians, the outcome of elections, wars,

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and so forth. It's going to matter a lot. So

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really I'm looking at it from a few different perspectives,

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the most important of which is probably the Dow gold ratio.

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Just basically, like you know, the Dow and stocks in

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general have been like the main trade that you know,

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any investor takes for the last few generations. It's like

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if you ask someone, hey, you know, I'm saving or

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I'm investing for retirement, the follow up question is, oh,

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what stocks do you own? Like that's just it's just

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assumed that you're going to own stocks like that is

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the way you invest. It's what everyone does by default,

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and so it doesn't have to be that way. And

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so as a result, the last few generations, stocks have

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become massively overbought, and I'm looking for capital flow out

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of stocks eventually in the coming years and to flow

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back into precious metals. Because they've been largely ignored and unloved.

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So as that shift happens, and I don't know the timeframe,

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it'll take a few years, it might take eight or

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ten years. But as that shift happens, that's what I'm

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going to shift most of my capital from precious metals

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back into stocks and perhaps real estate if appropriate at

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the time. So, yeah, I don't know the timeframe, but

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that's sort of the general long term swing trade that

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I'm making.

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Speaker 3: All Right, Well, I totally agree with you, and it's

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definitely going to be interesting to see it unfold here. Inevitably,

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it's going to right.

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Speaker 1: And have ablity, it's going to all right, Hey.

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Speaker 3: So we connect with you on goldsilver dot com. Any

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other way to connect with you on the web here, Ellen.

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Speaker 1: Yeah, goldsilver dot com, or you can go to the

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gold Silver YouTube channel.

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Speaker 3: All right, cool? Well links in the show notes to

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this interview on Financial Survival Network dot com. Ask you

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if you go there, please sign up for a free newsletter.

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Over thirty thousand of you have, and hopefully we'll get

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another thirty thousand in the next year because this circus,

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this ride is just getting started. If you've got a

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question for Alan or myself. Shoot me an email klatcarrieluts

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dot com.

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Speaker 1: Thanks Allan, Hey, thank you Carrie.

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Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your

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solution to today's trying times. For the latest, go to

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Financial Survivalnetwork dot com. Financial Survival Network now more than ever,