0:15

Welcome on into the new Misfphere . We

0:17

have a very important episode for you today

0:19

. This is called

0:21

how to Avoid Buyer's

0:23

Remorse . It's become a hot

0:26

topic as of late , with many new comers

0:28

into the precious metals investment arena

0:30

, and we'd like to go over a few

0:32

tips and strategies to avoid

0:34

that exact situation . But

0:37

before we delve there , let's talk

0:39

about the foundation of investing

0:41

in precious metals . Tyler , why

0:44

is it that somebody may want to invest

0:46

in precious metals ?

0:48

Well , historically , gold and

0:50

silver have essentially

0:52

been God's money . It's been a form

0:55

of trade in human

0:57

history for over

0:59

2,000 years and

1:01

having something that truly has a combination

1:03

of desirability , rarity

1:06

and something that actually takes labor

1:08

to get between

1:11

finding it , mining it , manufacturing

1:14

it . So when you take all

1:16

those things together , it is a

1:18

very desirable material because it

1:20

allows a hedge to

1:23

essentially difficult

1:26

economic times , right so , high inflation

1:28

, volatile markets , and

1:31

while metal is not a guarantee , it

1:33

has certainly been used as a form of investing

1:35

that has helped to mitigate some

1:38

form of risk

1:40

.

1:40

Right . Well , I think that risk is

1:43

something that weighs heavy on people's

1:45

minds these days . There seems to be

1:47

a lot of risk within

1:49

markets , kind of all around , and a lot of

1:51

uncertainty about what may unfold in

1:53

the near time and in the short term

1:55

future .

1:56

I mean , I hate to say it . Just last week we

1:59

broke records with the stock

2:01

market . How many times .

2:02

I think we've been consecutive now in new

2:05

record highs for the stock market for at

2:07

least six consecutive months .

2:09

Right . So when you just kind of keep going

2:11

up and up and up , eventually you

2:14

got to come down .

2:15

It's starting to feel a little bit like a pressure

2:17

cooker , almost .

2:19

Yeah , yeah , quite literally a powder

2:21

keg , because all of these things are lining

2:23

that historically . Yeah , do

2:25

not make any sense , right ?

2:28

You know one of the other things

2:30

that sticks out to me about why

2:32

it is we may want to invest in precious metals

2:35

. I always think to the monetary

2:37

system .

2:38

What are ?

2:38

the people in charge doing . How

2:40

do they see gold as a role in

2:43

the financial system ? And

2:45

we look back to what the

2:47

International Monetary Fund , or IMF

2:49

, had instated in 2019

2:52

, which was that gold was

2:54

a tier one asset

2:56

.

2:57

So isn't it the only tier one asset

2:59

, as ?

3:00

far as I'm aware , it is currently the only

3:02

registered tier one asset for

3:05

the world banking system and for the central banks

3:07

. So you know , there's probably a reason

3:09

why it is that they did that , why it's included

3:12

in the portfolios for

3:14

all these central banks across the world , sure

3:16

, and also maybe why they've been

3:19

buying in large

3:21

amounts consecutively for the past three

3:23

years and it's not just institutions

3:25

that leverage precious metals to

3:27

preserve their

3:29

wealth .

3:30

I mean the wealthiest families and

3:32

individuals historically have

3:34

held 10 to 20%

3:37

of their assets just in physical

3:39

gold and silver .

3:40

Sure , they may not write that down on paper , but I

3:42

suspect that that's the more likely .

3:44

I'm sure a lot of them actually do you think so . I

3:46

mean if they're above board , right

3:48

?

3:50

Well , that's questionable . But you

3:52

know , when we think about investing into anything

3:54

, there's always that assumption

3:56

of risk , and even with precious

3:58

metals there is risks that are involved

4:00

. So if I'm a

4:02

newbie coming into the precious metals

4:05

market , what what risks do I need

4:07

to be made aware of ? That could

4:09

happen with my money or my purchase

4:11

power that I just shifted into those precious metals

4:13

.

4:14

I mean , the number one thing we always try to explain

4:16

to people as they're just getting into

4:19

it is this is not a get

4:21

rich quick scheme . That

4:23

does not happen in this realm . And

4:25

if you have managed to do that with physical

4:28

gold and silver , not paper contracts

4:30

, then kudos to you , because

4:32

it is a challenge . Yes , the

4:36

reality is , of

4:38

course , everything goes up and down , so

4:41

you need to be able to

4:43

take that investment

4:46

and tuck it away , and we've

4:48

set it before , essentially set it and forget

4:50

it , right , and

4:52

it's always there as a let's

4:55

just say , like a backup or a savings account

4:57

so you can liquidate it if you need to . But

5:00

that's not the ultimate goal . Right Is that this is

5:02

your preservation over a period of time . So

5:05

that risk can be if I buy , let's

5:08

say , if I only have $10,000 and

5:10

I bought it all today at a spot

5:13

price of $23.15

5:15

an ounce that you're locked in . You got a cost

5:17

basis . That's how we know where I am , right , right

5:19

, and I paid a premium over that . Let's just say a

5:21

dollar . So now I'm in at $24.15

5:25

. But let's say a year

5:27

from now , spot price is pretty similar

5:29

and I want to get out of it , right

5:31

? Well , I'm going to get less than what

5:33

I paid , because everybody

5:36

needs their margin , sure , right , so

5:39

you have to account for what a spread would be

5:41

. Okay . So you need to be able to cover

5:43

your premium . And

5:45

now that spot price needs to rise

5:47

to equal your cost

5:49

in that premium , right ? So

5:52

if you're able to get spread that's what you're trying to manage

5:54

when you're moving in and out Okay , you

5:56

have to be able to cover that . So if silver

5:59

drops down a dollar or $2 or

6:01

, like we've seen some people , silver

6:03

eagles , they were buying them

6:05

$34 , $37

6:07

and now they're averaging in around

6:09

$28 .

6:10

Right , so when they come to sell , they're

6:12

getting even less Right . That's a huge

6:15

difference . So those people who are buying at top

6:17

of market with that largest premium

6:19

, they lost what that's

6:21

probably substantial $16

6:24

to $18 in premium .

6:26

I mean those are probably getting in at absolute

6:28

highs . Yeah , and that's a big loss

6:31

. I mean , look at like the 2011

6:33

, 2012 time where people were paying over $42

6:36

to $45 for silver eagle

6:38

Right , and just

6:40

less than a year later in fact , I think it was only a few months

6:42

later prices absolutely collapsed

6:44

on it .

6:45

Right , but to me it's

6:47

almost as if the more premium

6:49

is put on the precious metal that you're purchasing

6:51

, the more risk you're exposing yourself

6:53

to , at least in the short-term market situation

6:56

. And we're not trying to knock on eagles

6:58

either , because those have their own specific

7:00

benefits that we'll get to later in the show . Right

7:03

. But if you get in

7:05

and you're at a high premium and let's

7:07

say that the market doesn't quite perform to

7:09

where you were hoping it would be , some

7:12

type of liquidity crisis comes up in

7:14

your personal life and

7:16

you need to get out of this position . You're

7:19

going to be biting it , basically

7:21

, and that

7:23

is really an uncomfortable situation and

7:26

it would obviously put a large distaste in

7:28

your mouth from investing in those

7:30

precious metals .

7:32

And I just I want to say keep in mind , we're

7:34

not trying to scare people with this . This

7:36

is a worst case scenario that's happened over the last

7:38

decade . Plus , if you

7:40

take specific steps to

7:43

mitigate that type of risk , you

7:46

can be very successful with investing and

7:48

holding physical metals .

7:50

That's what we want to get to with this is , how

7:53

do we avoid situations like that

7:55

particular one and actually

7:57

achieve goals with what it is that we're

7:59

trying to do here ? Awesome , well

8:02

, I think that , because

8:04

we discussed kind of some of these risks here , it's

8:06

important to also discuss what the benefits may

8:09

be , and I think that purchase

8:11

power and preservation of purchase power

8:13

is a huge benefit .

8:15

Well , it's definitely .

8:16

Right , we used that example . I

8:18

think we might have even said it on a previous episode . Here you

8:21

have a $20 gold piece and a $20

8:23

bill in your pocket . This is back in the 1920s

8:27

. Either one of them would have got you that dapper suit at

8:29

the nicest tailor in town . But

8:31

if you had paid with the $20 bill and

8:33

kept that gold $20

8:37

piece , you'd still be able , with that

8:39

purchasing power , to get the nicest

8:41

suit , probably at the nicest shop .

8:43

I would say a decent .

8:45

At least a decent today standard . Absolutely Okay

8:48

. We're not talking Gucci , right ? We're not talking Armani .

8:50

If you were to have held the $20 bill and the $20

8:53

gold coin in your safe back in 1920

8:55

, you'd take it out today $20, . You're lucky

8:57

if you can get a meal at McDonald's . That

8:59

gold coin should get you into a good looking suit , absolutely

9:02

.

9:03

I think that that's kind of the example , the vice

9:05

versa right . If you had kept the $20 bill in your

9:07

pocket and you tried to spend that $20 bill

9:09

today , you're lucky to get out of it with

9:11

lunch right . That's

9:14

kind of the diminishing that we see here with

9:16

fiat currency versus the gold

9:18

, but at the same time that gold

9:20

has maintained its purchasing power even

9:22

through the deterioration of fiat

9:24

currency .

9:25

Right . So that's an assumption

9:27

in accurate numbers , but I know

9:29

in the past we had done it where something

9:31

like 97% of your purchasing power

9:33

has been lost since like 1913

9:36

.

9:36

Yeah , I mean , I've heard quite a few numbers . The most recent

9:39

one that I heard was actually even more aggressive

9:41

, but it was something to the tune of 99.85%

9:44

of purchasing power . It was extreme

9:46

. But even if that

9:48

isn't the case right and obviously there's

9:50

different metrics that go into saying how

9:52

it is that it's been reduced and its purchasing

9:55

power it is evident that it has

9:57

happened and has happened dramatically . It

9:59

seems to be on the last legs of

10:02

purchasing power . Thank you , Joe Biden . Right

10:06

, or is it

10:08

administration or those that are at

10:12

the wheel ?

10:13

for this financial system . We know the whole situation

10:15

is not just on the president , but it's

10:17

a culmination of many years

10:19

of intentional decisions

10:21

, absolutely .

10:23

And obviously , with

10:25

all the things that we go through , change

10:27

seems to be imminent . So I

10:29

hope that we can be prepared

10:32

for when that change comes . And

10:34

how do we best prepare ? Exactly , how do we

10:36

best prepare ? So if I'm a newbie

10:39

and I'm coming into precious metals , obviously

10:41

there's a gamut of different products to pick

10:43

from , but I want to avoid

10:45

those risks that we talked about , so I

10:48

want to get into a lower premium product

10:50

. Does that sound about right ?

10:53

Well , I think it's case by case

10:55

, okay , as you need to understand

10:57

what that individual is

10:59

being motivated by , okay . So

11:01

, for instance , for us , we have everybody from

11:04

teenagers in high school

11:06

to retirees that

11:09

are scared , right

11:11

. So , for each stage of life

11:13

, each situation , each budget , it's different

11:15

, right . So if we were to say just

11:17

kind of a general broad spectrum

11:20

, low premium is

11:22

a , in my opinion , the

11:25

foundation of any precious metal

11:27

investor , okay , or

11:29

collector , or stacker , however you want to look at it , okay

11:31

. So by getting that lower premium

11:33

stuff or product and you do that

11:36

over a period of time where your cost averaging

11:38

your buy-in , you really

11:40

set yourself up for a little bit more of a diversity

11:42

within your portfolio , okay

11:45

, so you can move in and out , hopefully

11:47

at a better price point .

11:48

Now it's interesting , you use the term dollar cost

11:51

averaging . So in order to

11:53

maintain dollar cost averaging in this

11:55

game , you're consistently

11:57

buying as the market shifts

11:59

up and down , to make

12:01

sure that your spread

12:03

is equal to the market fluctuations

12:06

, right .

12:07

So that kind of goes back to what we were saying a moment ago , where

12:09

you don't want to spend your entire investment

12:11

on one product at one price , right

12:13

? Right , so you're

12:15

being able to buy at $23 today

12:17

and next week it's $22.50

12:20

. And you catch a dip the week after and you hit $22

12:23

. And then the week after you're up at $25 , right

12:25

. So yeah , your numbers are up and down , up

12:27

and down , but your average

12:29

is what you should be concerned with .

12:30

Okay .

12:31

So let's say you've acquired a thousand ounces and

12:33

you managed to get into that at an average of $23

12:36

. Over time you can sell a little

12:38

and not feel as bad or lose

12:40

as much , sure , and you can

12:42

continue adding to that and hopefully

12:44

continuing with the market to

12:47

get that better cost average .

12:49

Now let's say that I think

12:51

that this is a really important thing and I'm

12:53

going to go after it full throttle . Should

12:57

I be spending a car payment every week

12:59

, if maybe I have trouble making

13:01

that car payment ?

13:03

And that's not right . I'd be of the opinion no

13:06

, okay , right . So

13:08

for real newbies , kind

13:10

of a rule of thumb we like to tell them is if

13:13

you can't afford to make your purchase three

13:15

times over today , you shouldn't

13:17

do it I see .

13:19

So basically , make your purchase , but make

13:21

your purchase a portion of

13:24

your comfort money , of

13:26

your disposable , your disposable income

13:28

.

13:28

So you should always be able to take care of any obligations

13:30

you have to your home , your family . Your bills

13:32

Okay , Priority one Okay . Then

13:36

you take your extra , you're spending money , your savings account , whatever else you're

13:38

doing with it . You know , if

13:40

you were a smoker buying 10 packs a week , well , cut

13:43

that down .

13:43

But a smoker can go buy some silver .

13:45

Okay , absolutely , that can add up to quite a bit

13:47

, right ? So you're saving in multiple ways , but

13:51

by moving forward with that

13:53

you're able to .

13:55

Well , I think I felt what you were going with here

13:57

. So , basically , if you were consistently

13:59

doing that and you had that cushion money , you're

14:02

avoiding like , in my

14:04

opinion , one of the most consistent

14:06

things that happened for a new investor , and

14:08

that's where you've over leveraged your position

14:11

into precious metal and you kind of

14:13

restricted your cash flow . That's exactly where I was headed

14:15

. And then what happens is a boiling point

14:17

. It's that one off , oh crap , I need

14:19

a new set of tires or breaks

14:21

need to be changed , and your whole economic

14:23

game is kind of shifted . And

14:26

then you're put into a position where you're

14:28

saying to yourself where am I going to get the money

14:30

? Then you look to your stack to liquidate

14:32

, right .

14:34

So that's what we were saying with the three times over is

14:36

I don't want to have you come in today all excited

14:38

, make your purchase , right , you're

14:40

going to get back next week and you're going to hate me because

14:43

you're not getting your money back . Right , you're

14:45

most likely going to take a loss .

14:47

It becomes discouraging , right , and

14:49

if you're actually setting out to do this with

14:52

goals in mind , it's important to manage how

14:54

it is you're going to approach it with your spend . Right

14:57

, absolutely , and

14:59

really to frame that out , we got to have goals

15:01

, and that differs for everybody

15:03

. So let's

15:05

talk about a couple of those positions , because there's

15:07

all different types of

15:09

stackers or bullion collectors

15:12

out there . Some

15:14

of the more common ones that I see are

15:16

those that have built precious

15:18

metals purchasing into their

15:20

standard financial behavior . Right

15:23

, so they're doing this either on a monthly

15:25

basis or a quarterly basis . They're

15:28

taking an allocated portion of their disposable

15:30

income and they're putting it into the precious

15:33

metals consistently and

15:35

repeatedly in order to build .

15:36

And if you haven't seen episode six , we

15:38

talk with someone just like that . That's our friend Brian

15:41

, Absolutely Definitely . Go and check that

15:43

episode out .

15:44

And then the kind of ultimate benefit there

15:46

is that once you have gotten

15:48

to a certain level which everybody

15:51

sets their goals different and it might be to how

15:53

your lifestyle may be

15:55

, that would dictate how much you actually

15:57

want but you can get to the point

16:00

where you are your own bank , Certainly

16:02

, and liquidating in and out of that stack

16:04

.

16:04

Government over time , making that a regular habit

16:06

. Yep , and the goal is , by

16:09

using metals specifically , you're

16:12

creating the savings account that you can't just make

16:14

a transfer Right . I can't hop on my phone . Okay , I

16:16

need to move a hundred bucks for my savings account . No

16:18

, it's more difficult . You got to go down to a shop

16:20

or somewhere else actually sell the

16:22

piece Right , it takes time , effort

16:24

, it's not convenient to get out of it Right

16:27

Per se , comparatively to , you know , transferring

16:29

money between accounts . So it's definitely

16:31

that

16:34

extra little layer that slows

16:36

you down from using

16:38

that first , absolutely .

16:40

If you're , my opinion is fantastic , because I'm really bad about transferring

16:42

money between accounts like no big deal , no big deal

16:44

right , yeah , but if you have

16:46

that labor of doing so , you

16:48

end up thinking twice about what it is that you're

16:50

doing financially and if you can

16:52

keep yourself on track . That benefit of becoming

16:55

your own bank can be used in so many different

16:57

ways to help yourself out and any family

16:59

member or any situation that may come your way

17:01

. But

17:03

what happens if , let's

17:06

say , I Don't know

17:08

, I wanted to spend Enough

17:11

to get myself 10 ounces of gold

17:13

and I wanted to do that in

17:16

a low premium situation , like we talked

17:18

about right , reducing my risk and

17:21

Then I wanted to

17:23

be able to get out of all that gold

17:25

all at once . In

17:28

order to get that low premium stuff , I might

17:30

have gotten up some generic

17:32

or maybe some sovereign

17:34

bullion that might have been issued from other countries

17:37

. When I go to cash out

17:39

, what things do I

17:41

need to be aware of ?

17:43

So it differs for different parts of the world

17:45

, but for here in the United States

17:48

, if you were to have been

17:50

purchasing American gold Eagles or

17:52

gold buffalos , mm-hmm , you can pretty much

17:54

buy and sell , trade as many of those as you'd

17:56

like Okay , with no additional

17:59

Factors to really consider

18:01

. Okay . But if you come to us

18:03

and you say , look , I've got 11 ounces

18:05

of Krugerans , okay

18:07

, well , now we've fallen into a reporting

18:10

obligation Because we've

18:12

crossed over the threshold of how many

18:14

ounces you can sell that are non American

18:17

okay so that aren't issued by the US

18:19

government . Okay , and because of

18:21

that , in my eyes , the

18:23

the government wants their piece , right ?

18:25

Right . So there's , that's a document

18:27

, correct . That's a document that's right , available

18:30

to the IRS or for any

18:32

that correct the IRS .

18:34

So the purchase gets documented and

18:36

shops like us have to send that in , okay , and

18:38

then you're obligated to report any potential

18:40

gains or losses on your own personal taxes

18:42

. Why , shops and buyers are

18:44

not obligated , but , okay , those that are selling

18:47

in that scenario . So you

18:49

could have purchased those , let's

18:51

say , krugerans at $1,500

18:54

now , but you're selling to me at 2,000 now's . You

18:56

have a $500 per ounce gain . Now

19:00

you're on the hook . Oh , right , so now you're

19:02

gonna have to pay your taxes on the long-term gains . Again

19:05

, we're not accountants , we're not advisors . Take

19:07

it with a grain of salt but that's our understanding . So

19:10

if that's not a scenario you'd like to be in

19:12

, you got to be more strategic with what you're purchasing

19:15

, how you sell it Mm-hmm , and understand

19:17

those factors before you start actually

19:19

getting your hands on it .

19:21

Okay , so that that's important to me now . So

19:24

some people may not want to liquidate

19:27

10 ounces at one time , right . But if

19:29

other people are looking to do that threshold

19:31

or to move that quantity at one time

19:33

as a part of their purchase and

19:35

exit plan , having that consideration

19:38

is important . So that might be

19:40

where the benefit

19:42

of a Sovereign

19:44

, us issued bullion is

19:47

going to come into play for those people . Now

19:49

that's important to note because Typically

19:52

in that scenario , you'll be dealing with a higher

19:54

premium product . Right

19:56

, then you would be dealing with you and Buffalo's

19:58

definitely have a bit

20:00

higher premium at your buy-in Then

20:03

, compared to Krugerans , britannia's

20:05

maple leaves and non us pieces

20:07

.

20:08

Okay , and I look again , that's you're

20:10

backed by the US government , which is supposed to be one

20:12

of the strongest economies in the world , and they're

20:15

kind of building in their piece of the pie

20:17

up front . Okay , so they're

20:19

getting theirs , whether it's a US

20:21

issue or they always get there as we know

20:23

that , we know that , but they get theirs up

20:26

front , essentially .

20:27

Well , that's so . That's really crucial to me . So

20:29

if you have kind of those motivations

20:31

, you need to be evaluating that when you're

20:33

going in for those purchases . And

20:36

Even though premium can be viewed

20:38

as risk , you may have a

20:41

better benefit sitting with you in the slightly

20:43

higher premium product than that

20:45

of the lowest premium on the shelf Exactly

20:47

, and that's why it comes down to when you're

20:49

getting into this .

20:50

You really need to have a firm understanding of what

20:52

your personal long-term goals

20:54

are . Are you passing this down to the

20:56

family ? Are you never going to touch this again

20:58

? Are you holding for five years and then

21:00

you plan to have some type of liquidation

21:03

, for whatever reason ? Have an idea

21:05

ahead of time so that you can place yourself

21:07

within a strategy that fits your

21:09

goal .

21:11

There's many different types of goals out there . We have

21:13

a preperomantality goals right , where

21:15

they want liquidity for a broken-down

21:17

economy . Even

21:19

that needs some consideration for premiums

21:22

right . Getting into fractional pieces

21:24

both in the silver and in

21:26

the gold end can lead to higher premiums

21:28

, but they also offer better

21:31

liquidity in a bartered

21:33

situation .

21:34

So , even within the preperomantality

21:37

, there are different

21:39

strategies as well . Right , because there

21:41

are people that are fearful that

21:43

our economy will collapse

21:45

and something will rebuild and

21:48

whatever's . On the other end , the way

21:50

that they will transition their wealth and purchasing

21:52

power will be through a tool such

21:54

as gold and silver . So

21:56

if we have a revaluation

21:59

, whatever that is , it's the idea

22:01

that that will transition them to be

22:03

better . On the other end , right . Then

22:05

there's always the zombie

22:07

apocalypse mentality right . So

22:10

when it all breaks down , collapse where you

22:12

need to have something recognizable

22:14

and something

22:17

that's barterable , right ? So it's not usually

22:19

going to be a one-ounce piece for gold

22:21

, it'll be fractional sizes

22:23

that are something that most population

22:25

knows , or a lot of one-tenth

22:28

gold , eagles , that type of thing . Right and

22:30

same . When you hop over to the silver aspect

22:32

, so constitutional coinage which , if

22:34

you're not familiar , 1964 and earlier

22:37

the United States was using 90% silver

22:39

in their coinage . So quarters

22:41

, half dollars , dimes

22:43

and dollars

22:46

.

22:46

I guess Right dollars will obviously the peace

22:48

dollar and back .

22:49

Right . So , there's

22:51

a lot of different strategies within

22:53

that as well , and

22:55

whatever your personal goals are , again just

22:58

make sure you're aligning with that ahead of time , so that

23:00

way you're not investing over here when

23:02

you should be going off over here .

23:04

And I always like to help those

23:06

customers who may be preparing

23:08

for something similar to that and trying

23:11

to accommodate their wishes . But let

23:13

them know that really it only makes sense to

23:15

a certain point and then , after you

23:17

have that amount of liquidity that you desire

23:19

, looking into more

23:22

larger pieces with lower premium is

23:24

probably to their advantage ?

23:26

Well , I think that's I mean , like all

23:28

things , like why we're even talking about investing

23:30

within metals is you need

23:32

to diversify , right ? So having

23:34

all of your purchases only on fractional

23:37

stuff , I mean there's

23:39

a limit . At some point . You need to move on

23:41

to the bigger pieces . You need to be smart with how

23:43

you're spending your money and investing your money Absolutely

23:45

, and that's not always going to be on the small stuff . Now

23:48

it's interesting you say that .

23:49

I think there's one other piece

23:51

that we need to consider here too . Well , which

23:53

metal do I choose , and which

23:55

one does what right , or which one

23:57

has that potential benefit that

23:59

the other may not carry , and why

24:01

would one be desirable in one situation

24:03

compared to the other ?

24:06

Again , it comes down to personal

24:08

belief , right , right . So

24:11

a lot of people , you can

24:13

tell them a million and one things and share your opinion

24:15

and the data that you've found , and everyone's

24:17

going to form their own opinion . That's just the

24:19

case , of course . So some people are

24:22

of the mindset that silver has the

24:24

higher potential return , that

24:27

you're looking at that as

24:29

more of an investment because

24:31

silver , in the

24:33

eyes of some , is highly suppressed and

24:36

you have more opportunity

24:38

for growth on the silver side , okay Whereas

24:41

gold is often viewed as a preservation

24:44

. So it's kind of like that , you

24:46

know , tortoise versus the hare , okay got

24:48

you Tortoise that just kind of started moving along

24:50

right , okay . So even though we do see pretty

24:52

good size spikes up and down on gold

24:55

over time , it's been kind of

24:57

the consistent performer , okay so

24:59

. Preservation versus investment

25:01

with potential return .

25:03

That makes a lot of sense . I know

25:05

that we encounter quite a few

25:07

people that look

25:10

to value maybe silver over gold

25:12

and they leverage the ratio

25:15

, stating that in the timeline

25:17

of 3000 plus years of monetary

25:19

use , gold to silver , silver

25:22

was traditionally 15 to

25:24

one as a mean statistically

25:26

. Now here we are in

25:28

today's market and we're trading at

25:31

80 plus to

25:33

one , which is a dramatic difference

25:35

. So the thought is that if

25:37

it ever got back to its natural ratio , the

25:39

price point of gold were stagnant

25:42

is that silver would have to 6x .

25:45

What did you say to ?

25:46

that .

25:48

Honestly , I never see that coming back . Okay

25:51

, I think that the change in the

25:53

landscape of the financial world with

25:56

paper contracts and fractional lending

25:58

and potential manipulation

26:01

excuse me , potential

26:03

manipulation that

26:05

we'll never see that type of ratio

26:07

again .

26:07

Okay , that's disheartening . I

26:10

know that a lot of people are hoping I'm probably

26:12

going to upset a lot of people .

26:13

Please let me know in the comments .

26:15

Well , I obviously have a hopeful

26:17

mind frame . I'm coming from the perspective

26:20

of it's all going to reset

26:22

and everything goes back to the way it should

26:24

be . That's the uber-optimist

26:27

point of view . If that were to happen

26:29

, I feel like both gold and

26:31

silver would benefit . Here

26:33

we are on the brink of a financial crisis

26:35

. Let's say gold gets revalued

26:37

. Let's say the commodities exchange stops

26:40

having the ability to dictate

26:43

the world average price of silver . If

26:46

we saw a natural migration , I think

26:48

that both would just do phenomenal

26:51

compared to our fiat dollar .

26:53

So put a potential

26:55

number on it for

26:57

silver . Let's just go with silver on

27:00

this one .

27:01

All right , I'm going to shoot from 50 . No

27:04

, I think we can do better than that . 75 . I

27:07

think we can go better . 100 . I

27:10

honestly think that it would be somewhere over

27:12

100 bucks . I'm thinking 110

27:14

is what sticks out in my mind .

27:17

I would honestly hate to live

27:19

in a world that's silver's trading at

27:21

$110 an ounce .

27:23

Why . Because what's a loaf of bread gun

27:25

cost oh

27:27

man , you're right

27:29

, because all of these values

27:31

are relative to the purchasing

27:34

power of the US dollar

27:36

. That's a great point , one

27:39

that you should thoroughly consider .

27:42

So , as you can see , multiple opinions

27:44

, everybody has their own .

27:47

So with this obviously , guys , this

27:49

is really important stuff you

27:51

need to walk in with a solid plan of what

27:53

you're doing and asking the question

27:55

of what is the exit , starting

27:58

with knowing how you wanna get out of it , or what

28:00

is the purpose of your mission

28:02

to incorporate investment into

28:04

precious metals ? Having

28:06

that framed is gonna help guide you to

28:08

making better decisions on

28:11

what it is that you purchase , when and

28:13

in what quantities . If

28:17

you can frame that out and you can

28:19

be diligent and disciplined

28:21

to stick with your plan , the

28:24

liberation that comes .

28:26

Oh , the freedom is amazing .

28:27

The freedom is amazing , right

28:29

, but if you get tripped up , refer

28:33

back to those things that we may have said . What

28:36

were you put into one of those situations

28:38

? Because maybe you weren't aware

28:40

of that potential problem

28:42

or consideration that you needed

28:45

to have when getting out of it . These

28:49

things can help save you

28:51

a lot of money . These things can

28:53

help keep you motivated to

28:56

stay in the game and to watch yourself

28:58

build your personal wealth , for yourself

29:00

, for your family and , if it's aggressively

29:03

, generational wealth . So

29:06

many benefits , so many pitfalls

29:09

. You gotta make sure that

29:11

you're stepping carefully . So please

29:13

make sure that you consider those things , those risks

29:15

that we've discussed .

29:17

And I think just one other I

29:20

guess tip we could say for that is we

29:23

have those customers that come in weekly

29:25

, monthly , and a lot of it is

29:28

just having a honest conversation

29:30

about what we see happening in the landscape , what

29:33

kind of budgets they have , why

29:35

they're motivated to do it . So

29:37

find that group of people or that

29:39

local coin shop dealer or

29:42

bullion dealer that can help you

29:44

and challenge your thought process

29:47

Right . So yeah

29:49

, they might get under your skin because they have a different opinion . They'll

29:52

get thicker skin because the conversation is worth

29:54

it right . Absolutely Having

29:56

multiple perspectives and understanding

29:58

of geopolitical

30:01

, financial , historical , current

30:03

market trends , premiums , all

30:06

of those things . The more

30:08

you know , the more power you have and

30:10

the better decisions you can make for yourself .

30:12

Yeah , absolutely . I agree with that 100%

30:14

and truthfully , when you take

30:17

these steps to make that plan and you start practicing

30:20

it , you're helping yourself avoid

30:22

one of the largest difficulties when

30:24

it comes to precious metals investing , and that is

30:26

the emotional turbulence

30:29

that comes with watching

30:31

the markets when you've leveraged

30:33

your personal wealth into these

30:35

commodities , because

30:39

that , honestly , can be one of the most

30:41

stressful scenarios and

30:43

has discouraged a lot of people from staying

30:45

in the game because of that emotional

30:47

up and down when the markets swing

30:49

. But if you have a solid strategy

30:52

and you're sticking to it , you've prepared for

30:54

that mentally and you're gonna be a lot more confident

30:57

in those purchases as you continue

30:59

to go along . So stay

31:01

less emotional , more methodical

31:03

.

31:04

do this with a purpose and you'll be

31:06

able to achieve that

31:08

liberty , that ultimate benefit

31:11

that comes with stacking precious metals

31:13

.

31:14

With that , I guess we should probably let

31:16

people know where to find

31:18

us . Where

31:21

to locate us , tyler

31:23

? Where can they find us ?

31:25

I'm just giving you an awkward pause for a moment . I

31:27

know well I'm used to that

31:29

. Yeah , so we

31:31

are currently revamping our website

31:33

, wwwahcoincocom

31:37

. That should be live in

31:40

the next few weeks . You'll be able to

31:42

have all kinds of inventory

31:44

options there for you , so we're excited for that . So keep

31:46

an eye out . You're very excited .

31:48

We're working hard on that , by the way . Yeah , you're doing

31:50

a great job , a labor of love .

31:53

So we're also Facebook Instagram at

31:55

Numosphere and our

31:58

cameras just turned off . That's

32:00

unfortunate . So now you just get to

32:02

listen to our audio . But with that , yeah

32:04

, thanks for listening in again . Tune

32:07

in for the next episode .

32:08

Yeah , as the Numosphere turns . All

32:12

right , you guys have a great one . We'll see you then .