Gold: The Money of Kings with Jase Reyneveld

Did you know that you can sign up for Patreon to gain access to exclusive content from the King's Hall podcast , including our very own Deus Vault , a Patreon only show that covers great men like William Marshall , el Cid and more heroes from Christendom ? Sign up today on Patreon by following the link in the show notes .

No one doubts the effects these men have had on our society today , but what about the relatively unknown men who make outsized impacts on the world , men who are only remembered in Wikipedia footnotes or out-of-print obscure books ?

Some of these forgotten men have caused a cascade of changes through simple actions and have , in turn , changed everything about the world as we know it today . One of two examples is a man who goes by the name Roaring Kitty . That's right , roaring Kitty . His real name is Keith Gill . He was a former financial advisor .

In 2019 , while closely researching the stock market , one stock stood out to him as having great value . That stock was GameStop . Keith's investment interest was based on several factors , including GameStop's strong cash position and its potential to capitalize on the next generation of gaming consoles . Hedge funds and market makers disagreed .

They saw a sinking business that would shut its doors in the not-so-distant future . At the time , keith purchased his shares of GameStop , or GME . It was trading at around $5 per share . Keith went all in sinking his life savings into the stock and started posting live updates and screenshots of his portfolio to Twitter and YouTube under the name Roaring Kitty .

His posts and videos gradually gained attention on the Reddit thread WallStreetBets , a community known for a high-risk , high-reward investment strategy . As more users started following his updates , the community's interest in GME grew started following his updates . The community's interest in GME grew .

One of the reasons that the stock grew in popularity was because of the massive short positions that major investors and hedge funds had placed on GameStop . Think of a short as the opposite of buying a share . In this case , gamestop shares were selling for $5 .

These big investment firms thought the stock would go down , not up , so essentially they sold shares for $5 , and they get a $5 per share in their bank account . If the stock went to $1 , they would close their position by buying the shares back for $1 and pocketing the $4 difference .

When there is high short interest in a stock , it can create a phenomenon called a short squeeze , since it requires one to buy the shares to close out the position . In the case of a short squeeze , potential losses can be infinite . Roaring Kitty's popularity grew on Reddit and social media .

The GameStop share price started moving up simply from the investments of small individual investors . The excited Redditors began pouring their life savings into the stock and the price moved up so much that some of these big investment firms were forced to close their positions by purchasing their shorted shares back . This caused the price of the stock to skyrocket .

One individual put $28,000 into GameStop . He woke early every morning watching the stock market open to see if his investment would make him wealthy or if the bottom would fall out and he would lose everything . The lack of sleep eventually caught up with him .

One late January morning , while he slept in , the price of GameStop shot up past $150 , and by the time he logged into his computer to check the price , it was at $380 per share . He sold his position and made $3.6 million from his investment . The once $5 stock reached all-time highs of $480 per share .

The results were disastrous for several large investors and hedge funds . Some went out of business . There were lawsuits and congressional hearings , all because some autistic Redditors bought an unlikely stock . This wasn't the first attempt at a short squeeze . In fact , the concept has been around for a long time .

In fact , the concept has been around for a long time . Another man nicknamed the Copper King attempted a short squeeze in 1907 , and we are still cursed with the results today . Augustus Heinz , a wealthy financier and mining mogul , had made a fortune from interests in the copper mining industry .

Heinz expanded his interests into banking and finance , acquiring control of several banks and trust companies , including the Mercantile National Bank in New York City . Heinz engaged in aggressive and speculative investments , using resources of banks and trust companies they controlled . Heinz's speculative activities included cornering the market on United Copper Company stock .

The economy was booming and speculative assets were overinflated . United Copper Company , in particular , experienced a meteoric rise in value . Smart investors knew that all good things must come to an end and they opened up short positions on the stock .

In October of 1907 , heinz attempted to corner the market on United Copper Company stock , believing he could drive up the price and profit from short sellers who would be forced to buy back shares at inflated prices . Heinz used debt from various banks he owned to single-handedly increase the stock price .

He owned to single-handedly increase the stock price , but the scheme failed spectacularly . When the price of United Copper Company stock plummeted instead of rising , heinz was unable to cover his losses , leading to the stock's collapse . This failure triggered a cascade of issues in the New York banking industry , now known as the Panic of 1907 .

Knowing that the Copper King had used bank debt in this scheme , there was a bank run . People wanted to take their money out of banks that had been used in the failed short squeeze . The banks ran out of money , but a savior arrived to provide liquidity and fix the banking industry . His name JP Morgan .

He led a coalition of bankers to provide the money needed to satisfy the bank runs and save the banking industry from collapse . Morgan , along with his coalition of bankers , proposed wholesale banking reforms .

A few years after the panic of 1907 , a secret meeting was held on Jekyll Island , georgia , that included New York bankers , the US Assistant Secretary of the Treasury and a US Senator . What came out of those meetings was an idea that would quite literally change the world . The proposal was for an independent central bank called the Federal Reserve .

As this idea became reality , the net result was that it only took 20 years after the creation of the Federal Reserve for the United States to move away from a gold-backed dollar to a complete fiat dollar , a fiat dollar that could be inflated into oblivion . Inflation , in case you aren't aware , has been an exponential tax on Americans .

Because of this insane inflation , the purchasing power of $10,000 in 1933 would be equivalent to $231,415 in 2024 . With exponential inflation like we've experienced , what should we do ? What is the answer ? Is there such a thing as honest money ? What is the answer ? Is there such a thing as honest money ?

In this episode , we're going to be talking about the dangers of fiat currency and , in particular , why a precious metal like gold has historically been so important as a hedge against inflation . This is part two in our series on money , by which we're trying to ask a pivotal question how should Christians think about money , investments and wealth in today's economy ?

If we're going to build the new Christendom , we need to think about money . The King's Hall podcast exists to make self-ruled men who rule well and win the world .

Yeah and uh , it was also funny because I remember when that was going on and how teed off the big wigs on wall street were well , yeah , it was .

Oh they made a movie . They made a movie about it . It's kind of interesting , but anyway I can't recommend it anyway . So you've got like waitresses and guys that are working retail jobs and they're putting their life savings into this stock and hedge funds are like going bankrupt , you know ?

Because because all of these autistic redditors are putting their life savings into a stock that's like should not be worth what it is . By the way , right now , roaring kitty has been making a lot of moves on gamestop again . He just bought a large percentage of the company within the last few months .

Gentlemen , I want to ask this other pivotal question as we move away from GameStop and video games . But , dan , this story of how the Federal Reserve came into being through a banking crisis . In our time we're not as far away from it , but you think of 1907 , and then you fast forward to 2008 .

We had another banking crisis and I've heard economists say this , but they said 2008 may have been in . The actions taken . You know , the banks are too big to fail , GM's too big to fail . The actions taken by the government and other entities during that time period may have detonated the American economy for the next century . Yeah , and I think in 2008, .

I was like I don't understand what they mean . But some of this historical recounting , doesn't it help you understand at least the potential directions for where we could be headed ? Cause 1907 , then you have in the teens is it seven ? 1917 is the fed , 1913 , 1913 .

So , as far as your comment about 2008 , though , I think what we see over time is a slow smoldering of the issues , and then in 2008 , with the bank bailouts and all of the issues that happened there and then the really an acceleration of inflation and problems that would cause essentially where we are now .

You really see , like a lot of fuel being put on these smoldering ashes . You had different times , like in the 1980s , there was a deflationary event , event and inflationary events and things like that . People were lined up at the gas station .

Uh , it would , depending on I think it was your license plate whether it was ended at an odd number or an even number determined what day of the week you could go and get five gallons of gas . Really , you know things like that . But , but really 2008 , you see a switch flip to where you know essentially we are now .

So one of the one of the things that I mentioned in the notes here is that , according to true flation , the real inflation rate since 2020 is 25.7% .

They look at all the real costs and they say , no , it's actually like 25% .

So I tried this out with money , actually , really yes , and so I I typed in like does the us government constitutionally have the right to print as much money as they want ? Can they print money ?

I use different variations of this and they give you now in Google the AI response and then all the articles and they're like absolutely , it is perfectly constitutional for the US government to print fiat currency at will .

It was called the Google Archipelago and it's this idea that tech is a form of the state , it's an arm of the state to enact soft totalitarianism , and we're kind of seeing that with information Like , you're not going to be able to Google any controversial issue . Certain books you know we do have questions . We have banned books in the U S .

We really do , yeah , but they're only books on the right , so why is that I know , I know , I know , dan , that doesn't make sense . It almost seems like it actually does when you think about it .

So when you read a lot of this stuff I think I was reading at the time it was like Ron Paul , you know , and the Fed , or something like this , and they were talking about like the price of butter and said , like 1905 , the price of butter had remained constant for like 200 years .

And to my ears I was like what I just assumed and have assumed my entire life , that you just inflation is something we have to live with . So my question to you is is it ? Is this an inevitability ? Could it be different ?

Actually , everything to do with the price of butter , this inflationary economy and everything like that . No , so even historically speaking , we've talked about King Alfred before and his monetary policy and how they had an inflated currency because there was no control in the currency , and so having some sort of recognized currency I don't think is necessarily evil .

Um , I don't think a centralized currency like we have right now , um , maybe is the best . Uh , central bank , I should say a centralized currency is is fine , but a standard currency , not a central bank .

That's right , yeah , but what alfred did is he had a massive deflationary event , meaning that all of these coins out there , they had unknown quantities of silver in them , and he's like , no , we need to put our seal on it , the royal seal , so that people know that this is a real silver coin .

The interesting thing about the Federal Reserve , though , is it's not a government agency , exactly .

I think that's why , you know , the last episode we talked about Bitcoin , and one of the issues that Bitcoin is trying to address is a decentralized system where there's no one entity that has control over Bitcoin . It's decentralized .

There's , there's a lot of different people that have their , you know , that have input in it , and it takes a super majority in order for them to change any bit of code . In this episode , we're talking about , essentially , insurance against inflation , against the whims of the Federal Reserve , with gold , which historically has been the store of value .

You can even see all the way back in Genesis where God talks about the gold of this land is really good gold , it's super good gold over here .

Yeah , when the , the , the gnomes from the land of bism , are like oh , you have dead gold and dead , we have living rubies they're living metals , eating gems , and it makes me wonder like did lewis know something ? Yeah , yeah , that may have been there and in the gold of Havilah was quickly . Is it spent ? How quickly ?

I can't even remember how much it was a few hundred bucks and people are like , hey , this is great , I'm gonna go buy some . You know something like everything sold out , I don't yeah , everything , I'm gonna get my fence painted . I'm gonna do yeah , all of it . So so you see the velocity of money and you we had in our moment .

We had a spike in economic activity because guess what ? Companies are now making more money , the government is getting more tax revenue from this event . But everybody didn't realize probably at the time when they get their STEMI check that that was actually money that they're stealing from you .

You're actually being stolen from because your buying power is decreasing at the ronald mcdonald .

So while that money was , you know , worth the I can't remember five hundred dollars or whatever at the time in purchasing power , what they did is they stole from your your current savings and then all of your future earnings by decreasing the buying power Way more than they gave you .

Yeah , so the 25% , it means that it takes 25% more US dollars to buy the same stuff , and so it's not something that we need . And there's a lot of economic theory and I'm not an economist . I took a class in college from a African professor that I didn't understand what they were saying because they had such a thick accent .

They were basically a communist and they were teaching economics , and I was like I think that I think that what you're saying killed a hundred million people , though , and and it was- it was no point to this anecdote , other than they were wow , our university system . People are dumb . People can't understand african professors .

I made it four pages and I clicked on like six different links , so I just typed in who owns the Fed , who controls the Fed ?

It is kind of a combination of both , though it reports to no one , but it's really interesting because you go through and here's my point you can find out nothing on google about what the fed actually is . It's basically 12 different entities from different banks and organizations and people and stuff . Don't worry about it , we'll take care of it .

They're helping you , though , but trust , just trust me on this . Trust me , dude . We got you , we got you , but this this also , dan , in our last episode . This is why this really matters , though . I think number one monetary policy is hard to understand , so it's easy to fool people , hence your stimmy check example .

But the other thing is what's really interesting when you compare it to something like Bitcoin ? What's really interesting when you compare it to something like Bitcoin ? I mean , as I've dabbled in crypto , I'm like wait , wait , wait , wait a minute . Like I can just get crypto . I can buy Bitcoin .

I'm like when do I have to call the bank and verify my credit score and do all the things and you know they're going to . Where are the fees ? And even as my 17 year old son is explaining this to me cause I'm a total boomer with my flashlight on on my phone I'm like , well , I don't understand .

Like I just get it and then I'm in charge of it , and then I have a wallet and I just like , who inflates it ? Who inflates the value ? When did they do that ?

It's like building a gate across a public path . The criminals just go around it and they make 15 more paths that you then have to shut down .

The everyday citizen is the one who ends up in an under an increasing weight of totalitarianism , where they can't even send their own money without 16 people approving it and and then giving a hassling them come tax time . Well , what did you do with that money ? None of your business . What I did with that money ?

Oh , by the way , and I'm always surprised .

Every transaction costs this much and I'm like , ooh , I'm my money to use for other purposes in the meantime and you're charging me fees jace gets into this in this episode how , when you deposit money , how much money the bank could then create in lending .

There's no such thing as a poor senator , because they know the ins and outs of what's going to be proposed Government regulations , they have lobbyists , they know how to position themselves in an inflationary economy .

Converting your savings into Gold and silver have been recognized as sound money and a store of wealth for centuries . Converting your savings into gold and silver will protect and preserve your wealth so that one day you'll be able to pass down a true inheritance to your children's children .

That's where our friends at Alpine Gold Exchange come in , offering 0% buy-sell spread gold leases with up to 3.5% annual return return paid in gold , by the way and secure vaulting right here in utah . Alpine gold approaches every transaction with fairness , honesty and respect , reflecting a strong christian business ethic in all that they do .

Head to ogdengold today , or tap the link in the description to sign up or schedule an appointment to speak with an Alpine Gold advisor today and see what would best serve your family .

And just so you know , if you schedule a call you'll be speaking with Jace , ethan or Stu , three members of Refuge Church , right here in Ogden , head to Ogden Gold and check it out today .

Well . Joe Garracy , with Backwards Planning Financial , integrates investments , debt insurance , tax strategies and legacy planning in a holistic approach , coaching his clients to act wisely . You can do better than you received . You can affect your family trajectory and maximize your efforts to set up long-term fruitfulness .

Joe starts with your values and goals , then provides impactful counsel to help you form and implement your financial plan . Click on the link in the description for Backwards Planning Financial and contact Joe today to get started . America is built on the backs of hardworking blue collar Americans .

That's why we're so excited to join forces with Max D Trailers , a Texas based and family owned company , to bring you this episode . We're proud to partner with Max D to see the vision of new Christendom established . One small business at a time , max D builds innovative , hardworking trailers for the builders , fixers and growers of the world .

You can follow their stories by checking out Max D Trailers on Instagram or by visiting the link in the show notes . Learn more about Max D Trailers by visiting maxdtrailerscom , where you can check out the article 10 Ways to Make Money with your Trailer . Today's episode is sponsored by Premier Body Armor , your top choice for safeguarding your family .

What sets them apart ? Well , premier isn't here to convince you to wear a plate carrier around town . Nope , they're focused on innovating armor right into your normal everyday life . Think bulletproof laptop case or lightweight armor insert that fits into your favorite bag and stops most handgun , shotgun and even rifle ammunition .

Unlike much of the tactical industry , choosing Premier Body Armor not only ensures that you're getting amazing armor , but you'll be doing business with a family-owned Christian company . Visit premierbodyarmorcom today and use promo code KINGSHALL for 10% off your order today . Got questions ?

Reach out to customer service or send their president an email directly at alexatpremierbodyarmorcom and you can speak to him yourself . Don't wait to invest your family's security , but reach out today to Premier Body Armor . Don't carry a bag , no worries . How about a moisture wicking athletic t-shirt with minimalist and lightweight soft armor panels built in ?

But another aspect of an inflationary economy is that it it punishes middle-class and lower class people because they're typically savers . Right , you want a savings account , you want to have an emergency fund , and usually it's a pretty big percentage of your income because you don't make that much money .

So if somebody makes $80,000 a year and it costs their three months emergency fund is going to be something like $30,000 , we'll say they need $10,000 a month for emergency fund . Their roof goes bad , their water heater goes out , AC , whatever it is . That's a huge percentage of their income .

It's like 40 percent of their income in a savings account and inflation is slowly stealing that or more rapidly stealing it . You know , in recent times , the purchasing power . So now you need to have a bigger emergency fund , but your wages haven't increased , While in the meantime the wealthy know in an inflationary economy you have to hold assets .

Well now , your home that you just had to buy instead of costing you , let's say , 28 percent of your monthly income Well , your monthly income grew by six percent over a period that inflation grew by 25% and home values inflated by 40% , and so now you actually have to spend 49% of your annual income in order to just purchase a worse home than you could have

bought 10 years before . Meanwhile , who owns all of the homes ? Who owns all of the infrastructure ? Who owns all these things ? Well , the extremely wealthy do , and the governments do . So what are they doing ? They're enslaving the populace on their big surf farm . It's modern oligarchical feudalism on a massive scale .

Yeah , that is the reality and I think , for when you start looking at the biblical principle , like Dan , you had mentioned in the show notes Proverbs 20 , 10 , this being an issue of unequal weights and measures , right , you're actually enslaving and cheating people . Yeah , one of the things that struck me 2020 , people in the middle to lower classes .

We were like , wow , we got hit hard , like I lost my job for a time , couldn't find work . What struck me as interesting , it was the . I think I read this , I think it's true it was the greatest wealth transfer in American history . I think it's true , it was the greatest wealth transfer in American history .

The people who are , you know , wealthy already got way richer .

So gold , for example , since 2020 , so inflation went up 25.7% since 2020 , gold has gone up 66% , or almost a thousand dollars an ounce , and so if you hold assets , held assets , assets at that time , which is the wealthiest people do they're not going to have all of their money in a bank account . Are you kidding me ?

They're going to have it in assets and investments and things like that . Um , even our home values everybody , increasing their value yeah , that's right . You've seen your property taxes go up . Mine's almost doubled since I bought my house .

And so one of the arguments of the gold guys and I think this is right is that in the past , even when the Federal Reserve was created , so it was gold , only gold backed at the time .

In previous policy it was by I can't remember what the term is , but essentially silver and gold they thought there was too much volatility in the value of the dollar because silver was more volatile than gold . So they were like you know what , let's just go to gold .

I read a little , I cried a little . Um , there's some touching parts . I I've been told I'm a dullard now many times by brian brian insulted me repeatedly in this book but excellent book . Haven't even got to the fairies and sasquatch and the orbs , but they make an appearance they're making an appearance .

It's mainly not actually just a collection of stories about Sasquatch . It's actually more about the nature of the world , about the physical world and the supernatural world that God has made , and how to live excellently in this world . That is not just stuff , because you're stuff , but you're also not just stuff , so hope it's helpful .

It's a lot of stuff , there's a lot of stuff . There's a lot of stuff that's not just stuff . And you got to know what to do with all of it . All that stuff , all the stuff and the stuff that's not stuff . And the aliens the aliens are demons . I think that's the title of the chapter .

I think the title of the chapter is just the aliens are demons , like parentheses . We thought you should know something like that .

Uh , Dan , thanks for hosting this interview , which we are now going to jump into Again that's with Pastor Dan Burkholder and Jace Rineveld .

please introduce yourself ? Who are you ?

We here at Alpine gold I'm a partner there uh at a gold and silver brokerage agency that that uh Ethan sand and Stuart Kaler and I founded about two years ago , and so we're right here in Ogden , uh reaping the benefits of all the hard work that you guys do and uh really passionate about protecting wealth and uh and building the new Christendom , uh , one brick

at a time .

If you've came to the New Christendom press conference and were interested in moving here and had any questions about real estate or building or any of the trades , jace was probably on the short list of guys that you talked to . So he also had a couple of block parties like some picnics at the at the conference . Those those went pretty well . They were .

They were well attended . It was a good time .

Say , you've got a hundred thousand dollars sitting around and you're it's in the bank and you're getting your 0.2% interest in your low yield savings account and the government is slowly stealing your money or quickly , actually very quickly stealing your money through inflation . So what should you do with that money ?

That's kind of the some of the questions that we're trying to answer today , and so I kind of pigeonholing Jace at the beginning of this interview with gold because , like I said , he's a real estate investor and he's got , you know , his , he's got businesses and things like that .

He's got other investments other than gold , but I really wanted to know more about gold specifically and we'll talk about silver some as well , but really the gold advantage is kind of what I want to talk about before we get into that . Would you agree in my assessment ?

Like you've got the $100,000 in the bank , do you think holding US dollars under the mattress is a good thing to hold , and why or why not ?

And so , about a year , year and a half ago , we saw the Silicon Valley Bank and First Republic Bank and some of these fail and then have to get bailed out . The reality is a couple of banks here and there can be bailed out , but in a larger collapse , that money that you have in the bank just really isn't insured .

And so 100,000 , yep , it's under the 250K limit that your bank teller would love to tell you about , but the reality is that the FDIC just does not have the reserves or the cash on hand to actually provide insurance for that money .

Relatively speaking , cash in the mattress is better , but , like you mentioned , with that invisible hand of inflation , the banks really found a way to pilfer that , even if it wasn't in their system .

You can read the Creature from Jekyll Island If you're curious about that . Do you have any other books on that that you would recommend ?

So unrealized losses . Banks do investing . They're through , usually , debt . You know they're financing when they give you a mortgage on your home . They're investing in your home and they get returns through interest and things like that and they they also have other areas in the that they invest in .

But the total unrealized losses for banks in the United States were $516 billion in unrealized losses .

That means if there was foreclosures and things like that , they would be upside down $516 billion , which is really a huge reason that the banks failed in 2008 housing crisis , things like that , with just crazy lending and really with the trajectory that we're on , where you have rising interest rates and rising unemployment , rising inflation costs are high .

We're seeing defaults at a much higher rate . Those unrealized losses have the tendency to become realized losses , which causes bank closures , because there's only going to be so many banks that they're going to bail out . They're not going to bail out the small banks .

You know , so anyway , just just to piggyback on what you were saying $516 billion as of May 29th 2024 for banks in the U S .

But just morally speaking , between holding it in your mattress and putting your a hundred thousand in the bank , you know a hundred thousand in the bank is is a million dollars of uh , of lendable money to that institution . And so they are profiting off of your a hundred thousand by lending it out 10 , x , because that's the way the game is played .

That's the system that they've created , in that their reserve requirements are 10% versus the 90% that they're going to go lend out , and so they're paying you 3.5% , 4% if you're lucky on a high yield savings account , which , by the way , is still a negative real rate when you compare it to actual inflation .

And on top of that they're lending out $900,000 at , say , 8% and making a ton of money off of you and perpetuating the system of debt slavery that's been created through fractional reserve lending . And so , even just like , morally , you're not happy to have money in a bank . That's fine .

But the comparison between in a mattress versus in a bank gives you a little idea of what you're allowing the bank to do by holding your money , in addition to the inherent risk of You've got $100,000 in a safe , which is a lot of money to have in a safe .

And , of course , I would advocate for holding precious metals as a marketable commodity . I do believe that gold is one of the top , if not the top , marketable commodity in the world economy , because that's something that can be made liquid and used to make purchases anywhere in the world .

And so I would say cash in the vault or in the safe at home is good , because I mean $100,000 , you can't go into the bank and get a hundred , a hundred thousand . No , you know , we go regularly to do business and it's difficult to get 20,000 .

We know coin shop other other gold brokers that ironically put their cash in a deposit box in the Wells Fargo so that they know that they can go and get the cash when they need it , because it's it's assumed that the bank teller doesn't have it .

So when they do a big purchase of , uh , you know , half a million in gold and somebody comes in and wants cash , he runs down and opens up his safe deposit box and pulls out the cash because that's the only way he knows that the bank will have it .

And I used to kind of give my mom a hard time because she told me that she did that and I was like what's the difference ? It's either in the bank or in the deposit box , both in the bank . But she actually had a point that well I know the cash is going to be there if it's in the box versus a number on a screen .

So just an interesting tidbit there on on the bank system .

Holding it all in cash probably not the best use of that money .

What we try to do at Alpine Gold is encourage people to view gold and silver as a cash replacement , and so our whole mission in helping people view gold and silver as money is to be able to make those transactions so that the velocity and the and the transactability is there , because in today's world you still need a middleman for your gold .

You still need to get into cash and to buy things you know , whether they're homes or cars or paying bills . The question is , how long do you want to be exposed to the dollar ? Paying bills ? The question is , how long do you want to be exposed to the dollar ?

And right now , your exposure to the dollar in a given 12-month period could be a 10% loss , and then we don't know the real rate . Cpi is not actually a measure of inflation . Inflation , by definition , is the measure of the amount of money being created , and we really have no idea how to quantify that number .

So we use CPI as a fancy tool to dupe people into thinking that it's not as bad as they say it is . But we know it's bad when you factor in things that don't get included in CPI , like home insurance or car insurance or the price of real estate .

Since the Clinton era they've really fine-tuned how they use CPI , like home insurance or car insurance or the price of real estate . Since the Clinton era they've really fine-tuned how they use CPI .

But if we just go ahead and double their stated rate of 5% , then , yeah , 10% in a year is what you're losing on your cash , whether it's in the bank or in your mattress .

But you can , if you want to secure guaranteed losses and buying power , the best thing you can do is hold cash Like you said , it's 10% loss in one year and buying power . And so you talked about gold is viewing gold as currency . I've mentioned it as an asset . What is gold ? Is it an asset , an investment , a currency ? What exactly is it ?

Gold , I think , by definition , is money . It's currency , if you want to get a little bit more philosophical with it . It's a hedge against inflation or a preservation of buying power tool . So I think calling gold an investment could be a little bit unfair . Yeah , I agree .

However , when we were talking before the show , right , gold , when you compare it to the S&P or the NASDAQ , for example , over the last 30 years , has actually held its own . So I just did a little math earlier today looking at the prices of gold and the S&P and the NASDAQ over the last 30 years .

So 94 to 2024 , the S&P produced a 5.5x growth , the NASDAQ was 11x and gold was right there in the middle at 8.63 growth . So gold went from 275 an ounce in 1994 to 2375 an ounce in 2024 . And so if I'm here saying gold isn't an investment , but it's performing better than the S&P and nearly as good as the NASDAQ .

What does that say about the stock market ? What does it say about the stock market ? Inflation , in a very simple way , is more wise than trying to play the market and use Wall Street as your investor guide . And the simplicity is anybody can do it right .

You don't have to be a speculator , you don't have to be really good in the market to just buy gold and hold it , not as an investment but as a preservation of wealth .

And then , but by the same token , you know you're still beating the market in many ways , and so I just I think that that idea of investing kind of needs to be reevaluated , because that's what we're here to talk about . Right is investments .

Well , if I'm , if I'm coming right out of the gate and saying , well , gold isn't actually an investment , it's just a preservation of your wealth or a true savings account , then the next logical question is okay , well then , how do I invest my wealth ? Because that's square one . I want to go and build the new Christendom .

So what investments do I need to make to do that ? But how do I first secure what I've got and what I've worked hard ? And especially if you're a 55 year old guy who's who's looking at retirement and wondering when the next crash is going to be .

You know you can't afford to roll the dice with people in New York or London or wherever and hope that they're going to take care of you .

The the the younger guy has a lot more options and a lot more work to do , but either way , the the small or large amount of money that that you've saved needs to be protected first and secured prior to going out and investing .

So that was a 75% inflation of gold price overnight and that served as the basis for monetary creation after the great bank shakeup in the FDR days . And then gold held fairly steady at 35 an ounce until the early 70s . And then we go off the gold standard with Nixon and the price of gold starts to run away from there .

Would you say that that could be a working definition of ? I think that's fair . I mean , it's much more than that . It's . It's not less than that , but it is much more than that . It's . It's not less than that , but it is much more than that .

And so , uh , correct me if I'm wrong so you're saying you've got all of this money that you've made through work , uh , investing , like all all these things and one of your of a value , of that of that work value that you've secured . So it's kind of like insurance in a way . Is that right ?

Well , I'd like my son to be able to buy an SUV in 20 years or 25 years , when he has a family of his own . So I'm going to set this money aside and the question is where ? Where is it going to best preserve your buying power ?

But the simplest thing is to convert that cash to gold and then know that , based on hundreds of years of history of gold maintaining its buying power , it's going to be able to buy a car for your son in 20 , 25 years , regardless of what the price of the dollar did or what the value of the dollar was . And you can test this .

You know a couple of Google searches . You can find out . You know how much a house cost . You know a hundred years ago , how much did a car cost ? Uh , when you're ? You know when your dad was in high school and managed to be able to buy a brand new Camaro . You know as a 17 year old well-old .

Well , the thing you'll find is that that same amount of gold can actually buy you more today than what it could 50 years ago . Now that doesn't mean that it's easier to acquire gold , because we're in a different financial system . We're in a different economy , so the challenges still remain .

This isn't overcoming the challenges of the economy that we're inheriting , because getting an ounce of gold is still a lot of work , yes , but ?

But knowing , without a doubt , that $50,000 , which is 25 ounces of gold , or 20 ounces of gold today is going to be able to buy my son a car in 25 years , no worries at all , I can sleep well at night and you could substitute the car with anything else .

Right , that you're looking to pass down , but the bottom line is that if you give that amount of cash , you set it aside , it's very unlikely that you'll be able to buy what what you think your son will need to buy at that point yeah , yeah , no , that's a really good point .

interesting , and you said the same thing that it actually , depending on the snapshot in time and history , it takes fewer ounces of gold to buy a house now than it did in the past . And the question was asked why ? Why was that ? And there are a couple of reasons .

One of the reasons I don't know if you you know this , I know you know this is that the quality of the components that are used , even though our houses are bigger and they have HVAC and a lot more creature comforts , the uh supplies , the materials that they use to build the houses now are much cheaper and and cheaper as in like lower quality , correct .

And so , instead of the brick homes and and you know the old growth Doug , for you know timber that that they had back then , now , we have yeah , yeah , that's , yeah , we've got stuff , we got junk .

But they'll say , oh yeah , your dollar is going further because you know , this car has a radio and and the cars of the 19 whatever's , didn't you know they play those games and and , and , yeah , it's , it's , it's true .

Your was like of course idiot , like no surprise Mostly plastic components . Your transmission has plastic in it too . So , anyway , moving on , so a lot of the proponents of gold , also with Bitcoin . It's really interesting . Some of the crossovers are , by the way .

I know that you cringed inside just a little bit with that comparison , but some of the arguments are actually quite similar . I know Bitcoiners steal a lot from gold , calling it digital gold and everything , but we'll save that for a different discussion .

Proponents of gold seem to talk about this as an issue of economic morality , like holding gold is actually a moral issue , not just a wisdom issue , like what should I do with my money ? Oh , gold is an option amongst many options , which is true , but there's also moral components to it . What do you think about that ?

I think we're in a modern world today where we're looking for answers , we're looking for solutions , only to realize that , instead of trying to find it in the future , we just need to look backwards , and I do think that God gave us the tools to build an economy , and one of those tools is the sound money of gold .

So I think , from a wisdom perspective , absolutely a Christian should consider it , but we're not here to indict anybody for not gold maxing .

However , I think there is absolutely a moral component to those at the top who perpetuate this system and have created this Federal Reserve banking apparatus that is defrauding the people , that is enslaving people and giving politicians and governments the ability to wage war and spend and and be corrupt .

There's , there's an absolute moral component there when it comes to the love of money at the top , and I , and , and you know God says , uneven scales are an abomination and , and , and God will not be mocked and and these uneven weights and measures that are being used in our society , you know , push down from the top , from the bankers and from the politicians

they absolutely are , are caught in a moral trespass , I would say .

The way that this system works is by creating money through creating debt , and , as we know from scripture , the borrower is slave to the lender , and so every single dollar out there in the system is a result of somebody borrowing money and then it being borrowed again and again . So take your house , for example . You sell your house .

The money that is used to buy that house is more than likely going to be borrowed , unless it's from . You know some guy from California who sold his house and has cash , which is a possibility but , by and large , you swipe your credit card , you get a car loan , you go out and get a new mortgage .

Those are all dollars being created through debt , and so that is what I'm talking about when I say there's .

There's enslavement happening , because those of us who have been in debt , uh , even mildly , feel the yoke of of that , and and and , of course , there's some debt that's unavoidable and again , I'm not here to to say , oh , no debt at all , because that's , that's a reality of of the system that we're living in , but it is . It is a yoke and it is .

It is , uh , draining the energy and and weighing heavy on the minds of people who may have made some mistakes on a credit card or bought a car they shouldn't have .

And then these , these people who are trillions and trillions of dollars in debt , because that's the system they designed , will ruin your life for not paying back the debt that you owe , and ruin your credit score and make it impossible to get an apartment or buy a house , when they're the ones who created the system in which we're operating .

Try them out and you'll savor exceptional coffee , while knowing that your investment supports a company committed to following God's teachings and upholding truth and righteousness , ensuring your hard-earned money contributes to the growth of God's kingdom . Stop giving your hard-earned dollars to pagans who support evil .

We have a fantastic offer to our listeners your first bag of coffee is free . All you have to do is cover shipping . Head over to squirrelyjoescom to claim your free bag of coffee .

Full Stadium Marketing is a small business in Southern Illinois with years of experience with marketing strategy , social media , newsletters , websites and everything you need to reach your audience . Full Stadium can be your marketing partner , aligning with your values and providing tools to grow your business , all to the glory of God .

To learn more , head to fullstadiumco slash kings , where Kings Hall listeners will get a discount on services . Red meat is a staple of a healthy , protein-packed diet , but not all meat is created equal . That's why I buy my meat from Salt Strings Butchery .

Salt Strings is owned and operated by my friends Quinn and Samantha Bible , and the meat they offer is raised , harvested and processed exclusively in Southern Illinois . It's cut and packaged by my friends Quinn and Anthony , and not only is it the best meat I've ever had , well , all their meat is sourced from local farms that share our Christian values .

Salt and Strings is now offering a beef and hog box that can be shipped directly to your door . The 15-pound beef box features 100% black Angus beef and includes ribeyes , t-bones , sirloin , chakros , fajita meat and ground beef . You can order your beef box today for just $259 . They will send it directly to your door .

The hog box is $239 and features premium Duroc pork , including eight thick pork chops one of my all-time favorites Pork steaks , cured and sliced bacon , ground pork , bratwurst and breakfast sausage links . You can place your order today at saltandstringscom or use the link in the show notes , and also be sure to follow Salt and Strings on Instagram .

We'll also include the link in the show notes .

and have their wife at home and take care of their kids and build their household and just just honestly , you look at the numbers and it's not possible for most of them to own a home . It's , it's , it's not possible for most of them to own a home . It's , it's . It's really sad .

And so the system is not even set up in a way in which people can even get access to owning a home . But another part that's really interesting that you mentioned earlier .

So , with the example of having a hundred thousand dollars in the bank and the bank then has access to give out $900,000 in debt from that $100,000 , which is interesting because they're essentially like trading on leverage , which is a really risky deal that's very lucrative for them . It's been a minute since I've read on this .

But where does that $900,000 come from ? Isn't that just from the FDIC . They're making it available liquidity from the FDIC to the banks . It's just created , ex Nilo .

So if you're a credit union and you're doing a loan or something , you have a tie to a commercial bank which is probably one of the big five Wells Fargo , Bank of America , Chase Manhattan , Goldman Sachs , something like that .

Those guys are constantly working with the Fed , the Federal Reserve , you know , every day of the week , and they're the ones who are being allowed to create that money no-transcript . But you can see how that could become very problematic very quickly .

When I have $100,000 in the bank , they go out and lend $900,000 and then say they lent it to you and then you go deposit it into another bank . Now that becomes the liquidity basis for another bank who will then go and loan out another . You know 90% on whatever you put in there , even though it's borrowed money .

So all of a sudden it becomes very top heavy and very risky , I would say , for anybody who's paying attention .

So from from that one first $100,000 , you essentially have $1.8 million that's been created .

Obviously , there's risks all the time time , but especially now , given our economic moment , do you think that now , compared to even any other time , is particularly ripe for holding gold ? Do you think now is a better time than in recent history , or do you think it's just always been this way ? Or what are your thoughts on that ?

Just knowing the times , where does gold fit in ?

The foundation is cracked in the financial system , and so I'm a little bit in a wait and see moment personally , and so that's why I would say gold is really good right now , because it's a great place to park your money . I'm hesitating to go out and pay these prices for for real estate , for example .

I certainly don't want to borrow money at eight or more percent from a bank . I still , you know , have , you know , some private deals out there and would would be okay going into debt with somebody you know who's , who's a family friend or something .

But I'm just very patient right now because I think 2025 could be a very interesting year and I'd like to just see what's on the other side of 2024 . We're kind of you know it's an election year . We're kind of in a lull right now .

It doesn't seem that crazy , but in the first year of a of a new president , they're going to be able to have some leeway because they don't have to worry about another election for a few years .

And so , in this moment , where we know there's all of this , this financial turmoil underneath the surface , and they're trying to make everything look okay right now as we go into an election , I would say that , yeah , it's a great time to hold gold , because we could see any number of things happen , and we've already talked about the inflation thing and , if

you'd allow me to talk about the deflationary potential , yeah , so describe .

And we just saw on-risk assets go crazy . Real estate was going crazy , cars you couldn't even buy cars because they were all being purchased . And then you enter into a period of stagflation right when you have high inflation without the reaction in the economy of growth , and then you enter into something called deflation . This is a typical cycle .

Who knows if this is going to happen or not or how it will shake out ? But talk to me a little bit about what happens in a deflationary cycle .

It's the long night out of inflationary spending and then the morning headache of oh man , this is rough and I think it's easy to forget , even with even if you're not party to it . Right , we're not . We're not perpetuating inflation here at our level , but we're in it and that's all we really can think about .

Because every time you go to the pump , or every time you get your insurance premium or you know , every time you go to the grocery store it's like man , this sucks , but you got to still remember that the dawn is coming like the day will break .

And there's another thing on the other side of this called deflation , and we talk about this all the time , just with different people . Right , when you think about where's the money being spent , where's the source of funds for this economy right now , you look at government projects .

You look at universities being built , you look at hospital systems that are owned by the government being built . You look at social security checks that are going out , you look at Medicaid and the healthcare industry , and a lot of that's coming from the government .

So all of a sudden , you know , you realize like the fount of of the economy and the cash is is really government spending , which is out of control for the government to spend like that , and all these trades and all these construction companies and all these different jobs that matriculate out of that government spending .

Obviously , politically that's a difficult thing to do , but the but the thing is , it's not just politicians that we have to worry about , it's their banker friends and Federal Reserve lenders that are ultimately going to call the shots .

And so at least we know a politician is worried about getting reelected , and so we don't have to worry too much about him completely shutting out the spigot . Just red pull , yeah .

But the overlord of the Federal Reserve , who's not part of the government , does not have the same inhibitions because they are not elected and they they have the ability to continue to crank that interest rate to a point where it becomes completely untenable to continue borrowing . And then the amount of like again .

Like we said , the creation of money is the creation of debt , and and you and I probably are both thinking here I'm not going to borrow more money because the interest rates are high . Everybody's doing that calculation , even the government .

So at some point the rates are going to get high , higher and higher , that no new money will be being created at the rate that it needs to be to perpetuate this , this system that we're in . And it doesn't mean that all the other money's gone , but it's just that's all tied up in other things .

So we rely , like a heroin addict , on new hits and new money injections . When that stops , it doesn't matter how much has been consumed prior to that . When the new stuff stops flowing , that's when you see deflation happen .

And that is when I'm saying gold is a good thing to own , is gold is the only proven asset that will excel or grow in value in a deflationary environment . And maybe Bitcoin will , maybe it won't , but there's no , there's no track record for Bitcoin . It doesn't have the history .

So assets will tank in a deflationary environment , and that includes real estate , that includes the stock market , that includes all kinds of businesses . And and what happens ?

The people with cash are buying things up at pennies on the dollar , and that's why , yeah , it won't hurt potentially to have cash in that environment , but your goal , it will hurt to have debt . It will absolutely .

But at some point that that has to drive prices down . And when that happens will we be ready and and and . So that's where we're at right Is trying to figure out what's the best play as we kind of feel out and watch what's happening .

But what you did mention I think is a is a good point is that gold has no counterparty risk . Uh , everything else almost has counterparty risk and the dollar you know the government and the federal reserve is your counterparty .

So whenever you're using dollars or transacting dollars , like that's your , that's your bedmate , like whether you like it or not , you know Bitcoin , I think , has counterparties that I don't really fully understand that . That you know . You always have to just consider , when you're holding something of value , what could potentially go wrong with it .

That's outside of my own control . So if I have gold in a vault in my house , it that's outside of my own control . So if I have gold in a vault in my house , the counterparty is me and my ability to secure that gold . But other than that nobody can reach out . They can't inflate the value or the value will change , but but it is what it is right .

You can't reach out and touch that if it's not in the system .

But the thing is and I should ask Jordan about this but no matter what you think Bitcoin is , if it's currency , if it's an asset , if it's an investment , right now it is treated like a risk on asset , and so that's just something to keep in mind when you have risk off .

You know so , in times of economic volatility , often you'll see people flee to like bonds and to gold . Those are risk off assets , and so that could be another reason why things tend to do well . Uh , gold tends to do well in a deflationary economy .

And it's not a choice by the , by the overlords , I mean , it is a choice by the people and it almost is always driven Uh , the , the use of gold or the return to gold is driven by sober minded people at the bottom saying , yeah , we're not going to play the game anymore .

I mean , we don't have all the choices in the world , like we do have to interact with the dollar . But you know , I wanted to make this point at some time during the podcast .

I thought that I think it was Doug Wilson right who made the comment that , like , if everybody pulled their kids out of public schools , the system would would collapse , they wouldn't have enough students and you know , there would be too much demand for private schools , charter schools and the public school system . All the Christians just pulled their kids .

That we could almost force a change . That is happening and it's not uncommon , right , it's , it's almost a normal now to be like , yeah , I would never put my kid in a public school .

And and what our goal as we have these conversations is to help people consider like what if all the Christians pulled out of the financial system by using gold and silver versus versus participating in the IRAs and the mutual funds and the traditional finance , or , you know , I think Bitcoin is pushing itself into traditional finance in some ways .

What if we did that ? And and it's a small movement right now , but I think it could grow and and the impact of that many Christians pulling out of the financial system would be catastrophic , not for us but for them , because it's so .

You know , even if , like , 10% of people stop paying their mortgage , for example , it would create massive ripple effects in the system and could probably instantiate another crash just from the bottom up . Now it's going to be very hard to convince people not to pay their mortgage because they know the threat of foreclosure and all that .

But every time we get somebody to convert their IRA into gold or to take cash out of the bank and and put it into gold , it's a small victory for us at our , at our business . Because if I can get a guy , you know we did . We had a call from Bozeman , montana .

Somebody has taken 400,000 out of their bank and putting it into gold with us and that is $4 million of debt , slavery , borrowed money that is gone . You know , if we take that 10 X multiplier , right At least , and that's just not even counting the you know , the Ponzi scheme effect of of that multiple .

And so that's where we , you know , we're excited , right , because we're we're , we're punching above our weight class because of the way they built the system to be piled up on top of itself .

And so that's where we get our motivation and we do think that the Bible does play well for gold , like as far as as as what we can tell , what I can read , I do believe that God did give us gold as a currency because it's not a commodity , it's not something that's used in in many manufacturing processes or equipment .

It's some like limited , but ultimately it's just this beautiful metal that nobody really knows what to do with . But for some , for whatever reason , we can't shake it . The banks , as hard as they've tried to manipulate it , like you said , through the ETFs in London and New York , they can't shake it .

And I think it's because , ultimately , you can't defy something that God made for a certain purpose , something that God made for a certain purpose , or or you know , it's like if , if you know , god made a woman to , to bear children and to and to be in the home , like you can try as you will to to to convince everybody that that's not the way it is , but

it's still the way it is , even if nobody believes it , because that's how God made it , or made them .

The same , I think , could be said about gold and time will tell that like if he made it for , for , for money , so that it couldn't be manipulated and we couldn't perpetuate wars and spending like we are , then eventually the the hens are going to come home to roost and I think that will be a potentially very interesting time for holders of gold .

Uh , tell me , tell me a little bit about the uh services you guys offer , because I think it'd be helpful Not as like this isn't like a huge sales pitch or whatever but there are some things that are that are really interesting .

That you guys offer the IRA one , I think is particularly interesting , because while we were talking , I was looking at a trading view , as I do on a daily basis , and you pull up the S and P and , oh , surprise , all time highs . Right , and it has been for a long time , and eventually they won't be at all-time highs , and so it may be .

You know I'm not a financial advisor Talk to Joe Garrity if you want that but it may be a pretty good time to start thinking about taking some of your IRA money and putting it into gold .

Most people don't even know that you have the option , because a lot of people just assume the ETF , which is paper gold it's not real gold but you guys offer a service that's a little bit different than that right correct .

They have a lot of gold in their vaults in London and New York , but it's just a mechanism to manipulate the price and hopefully my Bitcoin brothers will not experience the same pain that we've had in gold with all the ETF manipulations .

But yeah , I would be very cautious if I just wanted to be into gold , I wouldn't just go and buy shares of the SLV or GLD . And so I'll start first like thank you for the opportunity to talk about that .

But the mission of this podcast , I think , for us , is really just to help Christians consider these questions and whether you're going out and buying gold from your local coin shop or online from a reputable dealer like SD Bullion or something , that's a win for us , that's what we want .

But if you do have an IRA that you're considering what's the best route forward and maybe you don't have a great financial advisor , like like Joe , looking out for you , there's there's a lot of risks there , like we've discussed , and so what ?

One of our most popular services as of late has been converting IRAs into gold and silver and how we do that is very simple . We we basically set up a self-directed IRA for our client .

They tell their fund managers that they want to liquidate and put that money into their self-directed , and then that self-directed IRA just directs the money into our vault in Alpine , utah , and we are a certified depository for those funds .

And the gold and silver is just sitting there and it's producing the returns that we've discussed , but it's also has the ability to be leased out and to gain a bit of a dividend , if that's what you're into .

But they are writing gold contracts within your IRA to lease that gold out for a period of 12 months at a time , for a rate of return of two and a half percent , for a return rate of return of two and a half percent . And uh , and , and you are getting paid in gold .

So two and a half percent doesn't sound great , but when you're getting paid gold on gold , that's a very different thing , because it's not just numbers on a screen . If you had a hundred ounces of gold the following year , you're going to have 102 or 102 and a half . That that is . That is real growth , right ?

Like that's an extra two ounces of gold in your account , give or take . And so that's an option that we offer . And again , these are you know , we see it every day the fund managers and the Morgan Stanley's of the world .

They get really upset when their client calls them and says , hey , I want to pull all my money out and I'm moving into self-directed IRA and I'm putting it into gold . And without a doubt , you know they always try to , you know , kind of down , talk gold and say , oh , are you sure you want to do this ?

And and most people are convinced in their minds and they go through with it . But you can tell that it's a , it's an emotional event for these fund managers . You know we we've done a lot of different sizes but even , like I said , even a hundred thousand is is a big deal and so that's a very , you know , simple process .

A lot of guys you know in their late twenties , mid thirties , might have , you know , most of their you know decent cash sitting in an IRA that I hate to break it to you . Like Wall Street locked you up for 30 years plus . You know you can't touch that until 59 and a half unless you have an emergency or some kind of exception , like we did during COVID .

So if you're going to be locked up for that much time , don't expose yourself to Wall Street . Consider moving it into gold and silver and protecting it in a , in a physical vault that you can actually walk into . It's not delaware , it's not las vegas , it's not new york , where they're gonna , you know , put a gun to your face .

If you walk up to the front door of the brinks vaults , you can actually , you know , walk in , see the storefront and ask for a tour of the vault , and then you can participate in the audits and know that the ounce for ounce , you know it's there , it's not being loaned out , unless you tell us to to lease , to do that lease program .

But if we say it's there and you tell us to leave it there , and then that's where it is . So that's , that's a really popular thing to do right now .

Whether you're , you know , in your , in your mid thirties , or whether you're staring down the barrel of retirement in the next couple of years , it it's a , it's a very , I think , positive thing to do , especially given the conversation that we've had today .

It's actually going , it's , it's , yeah , it's a manufacturing company .

Yeah , not , I mean , like we said , not many manufacturing processes require gold as an input , and so so that's , that's the opportunity .

So you essentially have a service , though , that offers the insurance policy of owning gold physical gold in a vault that you can tour and audit , and you have a program in which you can essentially receive gold dividends on leasing your gold .

That seems like a really good option for you guys to consider if you're interested in gold Otherwise , can people call you up and buy gold .

But we do the exact same thing with with people who just have cash sitting around that they want to dump into gold , uh , and and and we're happy to ship it to you , uh , direct , you know , to your house , or you can leave it in the vault and and there's some benefits there to the liquidity of of having it in the vault , because and there's some benefits

there to the liquidity of of having it in the vault , because then if you need to liquidate , you just get a check or an ACH next day and so , yeah , we're happy to talk through that stuff .

But but , hey , I mean , go to your local coin shop , if you have one , get to know them right , because those guys are on the ground of the underground financial system . I mean , people look at coin shops and I did as well as if they were like trinket shops and you go in .

It's like old guys , you know , looking at Morgans and old , old coinage from from the 1800s and and sure , there's some of that .

But what you don't realize is that these guys are moving millions and millions of dollars every year for their clients , and it's because there's a there's a small percentage of people who are still using gold and silver as their savings account and they need to get into gold and get out of gold , and those coin dealers are the on the ground mechanism for for

liquidity and for getting in , and so I think it's a good relationship to have . Most coin dealers are pretty cool guys . They're almost always owner operated , but then there's online stuff and then and then anything more sophisticated than that . Please give us a call and we'd love to tell you about what we do and why we're doing it .

What are the areas of risk that that you should be aware of ?

I wouldn't even waste a lot of time , uh , spending a bunch of money on on a , on a vault or something for my house , cause that's just , that's just a target for the , for the criminal . I'd rather just kind of stash it somewhere if I was keeping it in my house .

But uh , yeah , like I said , the ETFs and really the price manipulation is the biggest risk of gold , so to speak . The fact is , we don't have a control over the price right now . We know that it's undervalued . We know that there's a lot of room for price growth . Gold's at like $2,350 right now .

Today , generally , the accepted target price is $2,600 by the end of the year and $3,000 by the end of 2025 .

That's like Goldman Sachs and guys who are finally having to admit that like , yeah , we're going to see some gold price growth , but we would see some serious gold price growth if they took their hands off the wheel and let the market do what it would naturally do , and that's mostly based on Chinese and Indian buying , as well as sovereign wealth funds and central

banks around the world who look at Russia and what happened with the seizing of their $300 billion or whatever it was in dollars and are saying , yeah , I don't want that to happen to me . So here , take my dollars and give me gold . Yeah , I don't want that to happen to me . So here , take my dollars and give me gold .

That's , that's because of of the risk of the dollar .

But also , you know , there's there's the manipulation in price in London and New York , and then and then you watch the Shanghai market overnight and you'll see the prices start to go up , and then the London market opens up around 2 AM , my time , and I and I see the price start to go down , and then 6 am , the New York market opens , and this is again our

time and the price goes down even further . So that's , I'd say , the number one risk .

Outside of just pure theft , there's also the risk of there's a lot of predators in the gold market who are waiting for you to have this realization that gold is money and everything else is credit and that the financial system is really risky , and I've actually experienced this myself during COVID , because that's kind of when I started seeing the writing on the

wall and doing more research . And there's people there waiting with open arms to take advantage of you and your ignorance about gold and silver .

And so there's IRA companies Patriot Gold or Noble Gold or whatever and these aren't all bad companies , but they're waiting to tell you , oh yeah , you should buy this collectible coin and put it in your IRA , or oh yeah , you should get these proof coins . And it's like , no , no , I just want gold and silver .

I don't want to speculate about these numismatic coins , but they create this market for numismatics by taking advantage of people who woke up to the fact that the dollar is risky .

But now we're just thrown into another pool of sharks that are trying to take advantage of you in that moment , and so I would watch out for that and , yeah , I would stay away from collectibles and numismatics just in general , because's not , we're not here to uh to do that .

We're here to deal in in real currency and and that is not speculative that's just , uh , an alternative to to the dollar yeah , it is really interesting .

Uh , silver , though , for every one ounce of silver it's 400 paper ounces , and so this is one of the means by which they manipulate the price is because , if you look at these ETFs , like you said , slv or GLD they are selling you paper gold , paper silver , and so they are taking your money for the value of silver , for the value of gold , and they have

paper , not real silver , not real gold , and they have paper , not real silver , not real gold , and so they are able to manipulate the price of silver and the price of gold through , essentially , selling pieces . Ious is essentially what they're doing , and so one of the speculations is that if somehow that goes away , what would happen to the price ?

Well , the price would obviously go up astronomically . So , anyway , it's just one of the things to be aware of . When Jay says that they can manipulate the price . That's one of the ways .

Metal is supposed to be an ounce or whatever , but they they will make it so difficult for you to ever take delivery of that metal that they never actually have to worry about how much paper they're creating , because they'll just pay you off in cash .

And when push comes to shove and you start watching the price of gold and silver go up and up and up and up , do you want cash ? No , you want your gold , you want your silver . And so that's where we come in and we're like no , absolutely , we are happy to send you your gold , we're happy to have you pick it up .

You know that is your gold and we are , ounce for ounce , ready to deliver . But that's not the case with ETFs .

What else do you think should be something that someone should look at ?

Like we're working to , to build up to become the one talent guy first who buried the talent in the ground which was a precious metal and pulled it out and it was worth the same thing . That's where we're trying to get to , just to start , but we're not going to stop there . We're looking to become the two talent guy . No-transcript .

Like it doesn't happen overnight , it's not easy and it's not for everybody . But start by preserving wealth and then look to your local community about where that wealth can be deployed to build small , humble beginning businesses . And I think the best thing you could do is ask what does my community need , not just like what am I passionate about ?

Or what did I think looked cool on YouTube . Like , look around at your community and , and beyond , your church too , right , because I always tell guys , hey , don't , don't expect the church to like fund your you know your new business .

But look around at the broader community and find out what , what those businesses are and I would say , yeah , once you get that war chest or that nest egg of of wealth , hopefully preserved in in gold or something else that's , that's solid Then go out and and build small businesses , because I've been in both real estate and business and I've seen the returns on

the business side go way faster and and and not that speed is always the key where we're making haste slowly , but we need to print money right now in a good way . We need to go out and hustle , and I think anybody who's discouraged about real estate and the prices and the interest rates it's a shame .

I used to buy houses for $65,000 here in Ogden and now I can't get one less than $300,000 plus the interest rate . I mean it's sad , but don't despair .

Look at at making wealth in other ways and trust that you can actually make wealth faster by coming up with a good business idea or partnering with somebody who has a skill that's ready to break out , like you know , a plumber in your community who's a journeyman or who's , you know , got a lot of experience and is ready to maybe break away and maybe you're a

nine to five guy and you you can't really do that , but perhaps you could do the accounting and and and and give him $15,000 to then , you know , take a small equity stake in his business and help him grow it and and that'd be a great start . There's other things out there .

Right , stuart and I are working on opening up an insurance brokerage and and these are things that you know I don't like insurance , I'm not super passionate about it , but the reality is , Stuart is either .

And so you know that's one of those things where everybody touches insurance , right , and nobody wants to talk to their insurance guy Like , I never want to call state farm or American family , but you know we are , as Christians , can offer better services and and yeah , we're all offering the same product , right , insurance markets heavily regulated .

But would you rather talk to Stu or some 23 year old who's getting paid by American family ? Just to , you know , check the box . So so there's things like that where you just have to look at , like , where are people generating wealth ? Um , and what can be done with a generally low overhead ?

I always encourage people , you know , keep the overhead as low as possible , uh , while you start and then invest more capital , as as the customer demands , um , so , yeah , so bottom line is like I'm very bullish on small businesses . Uh , I think it's it's easier said than done , but I think the opportunities are out there .

We always talk about the boomer businesses that are going to be passed down to no one or bought up by a big corporation . I think there's going to be opportunities . I would also look at like seller finance , um , options of real estate . I think there's going to be opportunities . I would also look at like seller finance options of real estate .

I think there's a lot of older folks who are getting out and maybe don't want to recognize a big capital gain windfall of selling their property and would consider , you know , taking a shot on a younger guy who's local right , who's going to , you know , take over that asset , and so that you know those kinds of creative real estate investments are hard to find

but they're out there and uh and then , yeah , there's more of them than you'd think .

That's not a huge journey . I know a lot of . I was looking at Bozeman , montana , the other night . There's not a good gold dealer in Bozeman for an hour or more drive and Bozeman is one of the fastest growing communities in the country and the average price of a house is three quarters of a million dollars , you know .

So if there's a listener out there who lives in Bozeman , you know we're .

That's the kind of thing we're trying to identify where the holes in the market , where the gaps , where we can use high integrity , high trust , christian principled men and women to to build businesses that will be blessed , I think , ultimately by God , because of that level of integrity and excellence that we can provide .

Um , because he's obviously is highly involved in Tesla and he bought Twitter and stuff like that . He's like if you really want to create wealth , though , you have to provide a product or service that people want . You have to bring value to the marketplace .

The , the investing stuff is fine , but if you want to create wealth , you have to bring value to the marketplace , and that's . That's really , really good and it's . It is a gap in this series is starting a business , and I think I think , like you said , there are lots of opportunities .

Once you start to look for opportunities , you will almost be overwhelmed with opportunities . I always laugh when I have younger guys in my office and they're like I want to . You know , I want to escape my cubicle and my wage , slavery and all that , and I want to . I want to start a business . What should I do ?

Like , uh , the opportunities I I have 12 that I've had to say no to like have to look for opportunities and they are everywhere , especially now when you get people that are a majority of the population that is satisfied with their W-2 government income . It's not just here .

There's a lot of government work here , but when the government is the biggest employer in the United States , there are a lot of government workers that are satisfied with being government workers . There's not a lot of people that are out there to hustle .

You can see the state of labor in the United States since 2020 , when COVID went through Service is just terrible . All you have to do is be a good Christian man and be pleasant and honor your word and you are going to be . The cream rises to the top Right . So that's what I'd say . I think seller financed boomer businesses are another good opportunity .

Creative finance right now is one of the opportunities that you should be looking for , both in real estate and in business , because there are people , there are boomers , that are trying to get rid of their businesses .

It's really hard to sell a business at , you know , in certain areas of the country , and there could be some really good opportunities , even if they're not advertising as seller financing . You should definitely be thinking about creative financing for some of these cash flow positive businesses that have a reputation in the community , that have customers on their books .

Those are , those are another good opportunity , like you mentioned , and so business A couple examples just to butt in here and you can keep this or edit it out .

But then we're talking about what we do and he's he , just he really likes us , right , and he does a lot of taxes for the , for the folks in our church , cause we don't really have a , an EA or a tax preparer type .

But he said to me he's like just find me a guy , find me somebody who I can train and who will work with me and work hard and and I'll pass on my whole book of business . Now , he's not going to be around forever and so so that's an example of it's .

It's not maybe as obvious , but you find these older guys who are professional service types and if you're willing to go out and learn a new skill or do it part time for a little bit while you , while you build up and yeah , not everybody has an accounting degree or what have you , but but that's an example like this guy is making over 300 grand a year

easily and probably could make more if , if he was , you know , equipped motivated to do it or had a hungry young Christian guy working for him . And and then another example we had is like my , my HVAC contractor , who has helped tons of people in the church and we don't have an HVAC guy in the church presently , but he's , he's a . He's an awesome guy .

He's 56 years old , he wants to retire , he's already got his property all picked out and , you know , owns owns his grandpa's old home in central Utah where he wants to retire . He's already got his property all picked out and owns his grandpa's old home in central Utah where he wants to retire .

And you can tell he's burned out , but his phone is going off the hook . Because he's providing a good service . He has Christian morals . He may not be part of our church or he may not even be Christian , but he's providing a good service to the community .

That is lacking , because everywhere else is a corporate owned branch that is looking to take advantage of old , old miss Smith or or the young person who just needs a refrigerant update and , instead of a new , a new HVAC system .

Right , there's predators out there that , yeah , the market might be flooded with them , but the number of guys who are honest and hardworking and doing the right thing by the customer is extremely small , at least where I look around and so I approached him and I said hey , if I find you a guy to be your apprentice and HVAC , by the way , it doesn't require

licensing so it's a great opportunity to jump right in and , if I find you a guy , and invest in him and maybe even cover the wage gap or whatever , because apprenticeships don't don't make very much money , but but we can ultimately earn his book of business by helping him to retire and and and he looks like a guy with a pickup truck and some some tools in

the back , but he is a business , he's making a living wage and we can grow that kind of thing . So maybe find , find things like that .

Find a guy in your community who you know , who has some wealth and maybe just doesn't have the time to do anything with it , and if you're waiting , put dump it in gold and wait and know that that you're pushing pause on the inflation scale and you're holding the value until you can identify the real investment that you want to be in .

That would be my pitch .

But anything in this realm it doesn't have to just be you guys calling to buy gold , like if you have some ideas or you want to know how we're doing things here . It's humble beginnings , like I said , but I think we're on to some things , I think we're catching some momentum and so you know , we love to chat with other guys who are looking to build .

So feel free just to reach out , even if it's just to get some encouragement or bounce some ideas .