(0:00 - 1:04) There are many reasons to believe that a major crash of not only the stock market, but possibly our entire financial system is coming, and that it will be disastrous when it does. The stock market crash is likely to rival that of 1929, when the market lost 90% of its value and took 20 years to recover. And if the entire financial system collapses, cash could become worthless. So where do you put your money to weather the coming storm? One investment that is often recommended is precious metals. But what if you have no prior experience with investing in gold and silver? It's an axiom of investing that you don't put your money into things you don't understand. Because I personally am convinced that we are headed for a financial disaster, quite possibly of unprecedented proportions, I've invited Greg Mather, the founder of one of Canada's largest gold and silver brokerages, New World Precious Metals, to explain how the precious metals market works. (1:05 - 1:32) Greg will also explain the pros and cons of different investment options, his predictions for where gold and silver prices are going in the near future, and how you can be guaranteed of the security of your investment without having to hold precious metals in your home or office. Greg, welcome to the show. Thanks Will, nice to finally meet you in person. (1:33 - 4:28) And you as well. And I've been looking forward to this interview because obviously I've been for the past year now doing quarterly financial updates with my team of financial experts, which includes two representatives from New World Precious Metals. I myself, freely admit, I have very little financial knowledge. And I'm very curious, as I'm sure many of my viewers are, as to how the precious metals markets work. And you've been in this for how long now, since I think you started getting involved in the precious metals market? Yeah, well, it's a bit of a long story because it goes back to childhood actually. I grew up in a bit of the gold and silver world. My dad owned a gold and silver and stamp store where I grew up. And so it's always been part of my life. I still have bars and coins from the 1980s when I was 10 years old. But as a professional investor and then a trader and now an analyst and now co-founder and CEO of what's fastest growing gold and silver brokerage firm in Canada the last nine or 10 years, is it all started as a child. And 25 years ago, it became a serious quest and a very interesting world of gold and silver. I say interesting because it's not just gold and silver. Gold and silver, and I think that your audience can appreciate this, it's really an awake way of really seeing what's going on in the entire financial world. Because there's so much to gold and silver that it's really the root of all money. And that becomes very interesting when you start to say, wait a minute, how does all this other stuff work? So it's been an interesting journey. All right. Now, I think a good place to start Greg is with a comparison to the stock market, because most people do understand at least the basics of the stock market, that the prices of the stocks are really just driven by what people are willing to pay for them. Is the gold and silver market, the precious metals market the same way or are there perhaps more fundamentals behind the value of these precious metals? Yeah, that's a good question. The equity markets or the stock markets, a lot of people don't even realize that they're invested in the stock market, but anything that's in the banking system, RSPs, Liros, Lyfts, anything that you invest in through the banking system is connected to the stock market. And to oversimplify it maybe, but make it as clear as possible, we do have the most overvalued stock market in stock market history. Nobody can test that, knows what's going on. But what that means is stocks reflect public companies. And I like to compare it to, if I'm going to buy a business and the business is making a million dollars a year or growing 10% a year, any business evaluator is going to say, okay, well, two times earnings, two and a half times earning, that's what you're going to pay for this business. So a business that's making a million dollars, I want to buy it, roughly it's worth $2 million. (4:28 - 9:03) And that's fair, everything like that. These businesses that are on the stock market are currently trading for like 20 times earnings and 20 times profits. So this makes the stock market at this time very overvalued. So there's a lot of counterparty risk to investing in the stock market. What that means is you put your money in the bank, you trust your bank, you put in $100,000, they will leverage that out many times and they'll be buying these overvalued stock market. And it's very distorted stock market. So it's only being propped up right now by money printing. And for an example, just before this interview, I just came back on a recent quote from Ray Dalio. He's one of the 100 richest people in the world. He started one of the biggest hedge funds in the world, which was Bridgewater Associated. And he was quoted recently in today's valuations when the just or the level of economic growth and heightened profit margins defy comparison with any period since the great depression that says a lot. Like I said, every major economist in the world knows that sort of value. And this is the reason why, because it's like 20, 30 times earnings, most of these stocks. So therefore it's being artificially kept afloat by money printing, by the US government, for example, has a stabilization fund under the plunge production so things start to get... And this is why it hasn't dropped yet. We all think it's going to crash for the last two, three years and it should, and maybe it will, but it's just being so propped up by artificial money and it's all fake now. It's the most distorted stock market in stock market history. So that's, I guess, is the stock and equity world in a nutshell, where gold and silver remains a real asset. It's a physical asset. It costs money to mine it. And right now we're at or close to the cost of producing or bringing a thousand ounce bar of gold or a thousand ounce bar of silver to market. Therefore, it just can't go down because the fundamentals, like you said, fundamentals apply to gold and silver. Equity manipulation of paper gold and silver applies to suppressing the price of gold and silver, but fundamentals prevail all the time. Gold and silver is a real product. It costs money to produce. Right now it costs in the high twenties to bring a thousand ounce bar of silver to market and its spot price is just over $30. So it's a great time to get into gold and silver because the downside risk is very low because we know the cost of producing it and we know that the demand is off the charts and it can't go to zero because you can't mine it for any cheaper. And this has been going on for 5,000 years, but no one ever talks about it. Your bank advisor is not going to tell you about gold and silver because essentially you're taking your money out of their system, which is the stock and equity system and putting it into your own system without any counterparty risk. Because if there's only one gold and silver, you own a hundred percent of it. And it's gone up in value for thousands of years. It's maintained or exceeded the rate of inflation and it continues to do so. It's out from the stock markets, every major stock market in the last hundred years, 50 years, the last 25 years, the last five years, it's averaged 90% a year for the last 25 years. So gold and silver, whether it's just simply a place to go for savings, it's the best form of savings that has existed. It's the oldest market in the world, but no one ever talks about it or sticks up for it because the media, the banking system, Wall Street, they can lie about it and say it's a pet rock and things like that. No one's there to protect gold and silver or no one's there to speak to stand up for it because it is its lone thing always being there. However, behind the scenes, the central banks and the biggest players know exactly what it is because they're buying records amounts of it right now. And for obvious reasons, inflation, money printing, currency devaluation, and it's a hedge against all that stuff. So I think it's really important that people do consider gold and silver at this time and see it as a low risk investment at this time. And don't wait two or three years now because you're going to look back and wish that you got it at these prices or equities. I can't say where they're going to go. It should crash. And every indicator said that we should be lower. I don't know what they're going to do mathematically. It can continue, but they're going to continue money printing. I'm not sure what they have up their sleeves. (9:03 - 11:08) My theory is these new cryptos and blockchain technologies and AIs are really sustaining the top end of the stock market and bringing it up, whereas the bottom 50% of it are literally called zombie companies now, which means they have no growth, they have no future. This is where all our pension money is and our RSPs that we don't even know, people that deal with their advisors just sell you a low, medium, high risk basket of investments. And they include these zombie companies. At some point, they're going to have to fall off and then there is this new world. So anyway, what I'm saying is I don't know where the stock market is going to go, but essentially it is very overvalued. In our view, it's high risk and gold and silver is undervalued right now. And that's where people would or should be is you get in early when things are undervalued and be patient. Now that makes sense, Greg, where you talked about the fact that there's a limit to how far precious metals could fall in price because there is a hard cost associated with mining and refining it. But to play devil's advocate for a minute, we could compare that to say oil. And you and I are both Albertans and we've seen in the past where oil per barrel has dropped well below the production cost. Now it always bounces back eventually. Could that same situation occur with gold and silver? Well, it can happen temporarily just from artificial suppression of the price. But if it falls below the average mining price of the metal, then every mine is going to shut down. So it's going to be counter effective for even trying to do that. It's already happening. The only reason that gold and silver and more so silver hasn't skyrocketed, which in our view is coming, is because of the artificial suppression of silver. And so I think that their ultimate suppression levels is the cost of producing gold and silver. Yeah, I guess oil is a commodity as well, and it has different supply and demand fundamentals. (11:09 - 18:38) Arguably the whole green movement, although Trump may go off with the rest of the world is on this green agenda, it's moving off of fossil fuels. So there's a lot of narrative which is against oil going too high. Whereas gold and silver is the opposite, especially silver is the demand for silver specifically in solar, which is the fastest growing renewable source of energy on the planet and EV cars. We know how much silver this is going to need for the rest of this decade. We're already in a mining deficit. There's no more silver coming on board. The outlook for silver is off the charts. Now you've made reference a couple of times now to the price of silver being artificially repressed. And we've talked about that briefly in some of my previous interviews with Bryce and Warren, but you're the real expert in the market. So here's a three-part question for you. Who is suppressing the price? How are they doing it and why? So who is suppressing it? We're talking, I'm sure there's a lot of categories that we always see, they, right? So they being the big banks like the JP Morgan's, Bank of America, Citibank. These banks have historically for the last decade have been printing with derivatives, paper, gold, and silver and selling ETFs, which is paper, gold, and silver sold through the equity system. So there's this excessive amount of paper, gold, and more so silver. So what they do is they just flood the market with paper, gold, and silver. They trigger sales. When let's say it's a work company, people panic and sell, it's bought up right away. And so they push it down by the physical, then they let it go again. So there's a rinse and repeat cycle that these big banks have been making in the bullion market. Because again, no one really sticks up for bullion because it's not in the banking system and there's no real voice for it. So it's easily rinsed and repeated where they can make 5%, 5%, 5%. But that only lasts for so long because fundamentals take over. And that's what we see happening now. In fact, we see the bigger banks and the bigger players that have suppressed it, which they do continue to do it, but while they're doing it, they're having a harder, harder, more time picking up physical when they do it, but they're buying all the physical up that exists on our planet. And so in my view, the big players are long or going long, gold and silver countries are going long, gold and silver, they're buying records amounts of it. So at some point they just stop this paper selling process and this is going to let the whole market go. So that is what we are looking forward to. And it seems very clear that this is going to be happening. Why they do it, number one is because they make money slicing and dicing this whole cycle. And number two is there is a, a kind of a, uh, uh, a permission by especially the, the Western governments or the U S governments to protect the U S dollar. So under that, um, narrative, they can gold and silver is actually real money where the dollar or all, all, all major currencies are just paper, uh, gold and silver, or sorry, paper currency, but gold and silver over the Canary and the coal mine, as far as, um, as they go up, it's, it spooks trouble for, for, for currencies, but behind the scenes, currencies are devaluing eating at a record pace, putting tons of pressure on gold and silver, causing it to causing the big player central banks to buy records amounts of it before it's skyrocket. So clearly the, uh, the positioning now, even by the suppressors is to buy up as much physical as they can get. We're noticing that it's getting harder and harder to get China. A lot of these countries are going directly to the mines, getting, um, the physical metal, or even just the ore and bringing it to the country too, so that they can process it on their own. There's so much going on behind the scenes that is telling us that this manipulation is going to end and end very soon. And, um, and, and that's because fundamentals always prevail. It's a physical commodity, their shortages and their supply issues, and this will prevail. And we think it's going to happen sooner than later. Now, as you say, there is a great deal of evidence that the silver market at least is being artificially suppressed. Is that happening with the gold market as well? Yeah, I think it's on a lesser extent, but, uh, silver is more than gold, you know, gold, gold is, you know, if it is being suppressed, it's still went up 30% last year. So they're not doing a good job of it. Um, we believe that we're just in the early stages of both gold and, and, and more so silver is starting to accelerate outside of this gold and silver suppression. I think people are getting desensitized to dollar devaluations and gold price going up and, and that they're just, they're just quietly letting it all go at this time because they can't hold it back. So, um, silver is definitely suppressed more than, um, uh, gold, the gold is suppressed as well, but all markets are manipulated at this time, not just gold and silver. But the thing is the equity markets are being, are being manipulated upwards where gold and silver have been manipulated downwards. And we believe that this is about to change. So, and we see clear evidence of this behind the scenes of what the smart money is doing and they make their moves first. Now that's the answer I was expecting, Greg. So the question I would have is why are they suppressing silver more so than gold? Right. Well, um, I think because it's, it's, it's just an easier, an easier market. It's a smaller market that they can do that. And again, there's no defense ops for it. And, uh, and it's one reason. The second reason is these, these are now like silver specifically is a national important metal for the military and for, um, green metal growth. So we believe that silver mostly has been suppressed for that purpose and suppressed while the countries stockpile all the silver they can get their hands on. But mostly it's because of profit, they can suppress it again, rinse and reseek, rinse and repeat cycles of, uh, kicking it down, buying it all up, letting it go up, selling it high, pressing it down with paper selling and buying it again. So that, you know, that's the main reason is it's just an easy market to, to kick around, but they've done it for so long that they've backed themselves into a corner where we're literally running out of silver. We actually, we actually believe. And I believe this personally, that within one to two years, you may not even be able to get silver. That's how much shortages we have at this time. And that's how much demand there is on the silver market. Including we have the mining companies of North America, um, protesting to their governments of Canada in the U S saying, Hey, we do not have enough silver on planet earth to meet your soul or your EV demands for the rest of this decade. So we could be at a hundred percent mining deficit in the next couple of years in silver. So it could become a national strategic metal. Cause again, military needs it. Space exploration needs it. So there's a lot going on again, behind the scenes that the suppressant, the, uh, the suppression of silver is actually a gift for us that keep accumulating it, but we believe it's not going to last very long. (18:38 - 20:42) So now in your admittedly very expert opinion, what is the current price per ounce of gold and silver? And what based upon the fundamentals, do you think it should be? Well, uh, silver spot price right now, spot price is, is the global market price. No one can buy it for that, but close to this price is, um, right now, silver is about $30 USD. It's priced in USD just like oil is a gold is around $2,700. Um, fair market value in our view for silver is in the hundreds of dollars it's at $30. It's been to $50 twice. So just going 50, you know, back to $50 is like a no brainer. And we think that that's the next move after $50. It can move very quickly. So this is the, again, the reason of getting in now while you're close to the cost of producing the metal is the lowest risk with unlimited upside potential. We actually in the industry are very excited about where it's going to go and talk privately. Like we can't even believe this. We are going into a boom of a bull cycle, positive cycle in gold and silver. It's the, it's the, this is the oldest market in the world. These things happen. The last two bull cycles in gold and silver in the seventies, gold rose 800% and silver rose over a thousand, like 1,200 or sorry, 1,500% in the 1970s. The last one was in the 2000s. Gold again rose 800% and silver 1,200%. This is what bull cycles look like. This one's just starting. So it's not about how high, we don't know how high that it is going to go. Like their astronomical metrics that it should be a thousand dollars, but you know, let's, let's get the $50 first, which has been there twice. The only commodity in the world that hasn't hit its all time high yet, which is $50. Then we're in price discovery, but let's say that silver goes to a hundred dollars and we're at $30 now or, or, um, let's just say, uh, $110 just for easy math. So 30 to $60 is a hundred percent. (20:42 - 21:20) You could buy that $60 and start chasing it. So $60 to $120 is a hundred percent gain. You buy it now, $30 to $120 is a 400% gain. Getting in early is the key. If you believe it's going higher, we're convinced of it. Of course we can't guarantee it. It seems so obvious to me. It's the most predictable market in the world. It's just a matter of when and not if, and that when it's coming very soon. So our outlook for, for silver, and this is very soon, this is the next couple of years. And this, and we believe this is going to start, start happening this year. First, we get our all time highs of $50, which is roughly a hundred percent cent gains from here. (21:20 - 23:38) And then it's price discovery can move up very fast. So again, the way being able to even get silver in the next couple of years, because it's a national metal, they can have my silver and our clients silver that are, that they're buying it right now, but at $200 or $300, yes, you can have it. The good thing about silver, even at two or $300 silver, the price of your iPhone's only going to go up five bucks. The price of an electric car is going to go up a thousand dollars. So it can be absorbed by the market or the price of solar panels is going to go up. And this is all industrial money and tax money. And it's all connected to energy where there's an endless amount of money. So a billion extra dollars in silver is, is nothing in a trillion dollar industry. So there's lots of room to grow and gold. We see, well here's probably a better guy's projections for gold and silver is James Rickards. He's my favorite economy on planet earth. When the 2008 financial crisis happened in the United States and we're literally hours away from a global financial crisis, four major institutions in the United States closed. Congress had an emergency meeting and called in a few economists, one of them being James Rickards on what do we do? And so they, and this is when major money printing happening happened for the first time on a scale never seen before in human history is James Rickards is predicting he sees $15,000 gold and $500 silver coming. These are all things that are, that the mainstream of course, isn't talking about, but this is clearly why the, the positioning of the smart money is happening. In fact, in these other two bull markets that I was talking about in the seventies, in the early two thousands, this is exactly how it went. I was a broker at the time in the two thousands and silver was at four or $5 and like now is the time now it's so obvious. And it went to $50 and more people bought it at $49 than a $5. Now is that $5 time for sure, without a doubt in our minds. And we're very excited about that. So where the price is going to go and what the fair value is for it is it's based on the supply and demand fundamentals. And right now silver would be literally in the triple digits in the hundreds and silver in the $10,000 range, $15,000 range. (23:38 - 24:47) But I like to think you're getting in so early, like even silver to $50, like I said, that's a no brainer, been there twice, like a hundred percent gain. Everything after that is a bonus. So I can't emphasize enough to you wait, you're going to wait a couple of years and look back and wish you got rebuilding silver at these prices. I'm telling you. Yeah. Now, if you buy physical bullion or coins, you have the physical precious metals, whether you keep it yourself in a safe in your home, or whether you have a security company like Brinks hold it for you, you have that physical precious metal. But you were talking earlier about buying on paper. So please explain how that works and what the pros and cons to that would be. Yeah. Well, paper is typically through the banking system and the equity markets through ETFs. It's estimated that for every 500 ounces that these ETFs sell through the banking system anywhere, anyway, there are some good ones like through spot, but for every ounce of silver, there's 500 ounces of paper silver. So if you want to buy it through your banking system, it just means it's not backed by silver. (24:48 - 24:57) It means that they can cash in the fine print. They can cash you out at any time. It means that you can't have delivery of it because it really doesn't exist. (24:57 - 26:26) And so that's generally what paper gold and silver is. And that's where the term, if you don't hold it, you don't own it. And that's where it comes from is because if it's in the banking system, it's an ETF. You actually don't own it. You don't hold. In fact, every investment that's in the bank, you don't own or hold. Even your cash in the bank, you don't own. So most people don't even realize that it's only insured up to a hundred thousand dollars, et cetera. But when we're talking about physical gold and silver, whether it's at home or in our view, especially if we're talking about larger amounts and it's held in a vault, can be delivered anytime, fully insured, fully audited. In our case, your account is actually held in Cayman Island jurisdiction, but the metal is held at a private storage facility, one of the biggest in the world. And now it's undiscoverable being in the Cayman Islands. You can buy and sell it on a phone call, move it anywhere in the world where at home, it's not insured. So there's what ifs in whatever you do. You can buy it through ETFs in the bank. If you must stay in the banking system, by all means, go buy gold and silver, because I think that that's going to be one of your best returning assets in the next five years. But we believe in the physical aspect of it because there's more options and the least what ifs. So it does come down to your preference. We think having some at home is a good idea, but it's kind of equivalent to having cash in your mattress. (26:27 - 28:00) We believe looking at all the options to invest in gold and silver, especially if we're talking about larger amounts, at least $10,000 plus in the million dollar plus accounts, having it stored with all the options, including delivering all over some of it at any time, is you can borrow against it. You can move it anywhere in the world. If you have over $10,000 of gold or silver, good luck crossing borders and flying with it and things like that. It can be taken away. You can't sell it on a phone call. You have to go sell it at a coin dealership or a bank. Now you have to fill out a T5 form and claim it. There's really a barter world out there. These are worst case scenarios. So there are different ways of investing in it. Yes, there's the paper way, which I kind of just explained, hopefully it's clear, but it's as simple as that. But then it comes down to, well, do we do it at home or do we vault it? There's pros and cons to both of those. We believe that vaulting it, especially larger amounts, there are the least what-ifs, because there's what-ifs in anything and the most options. So just to summarize, then talking about purchasing silver or gold in paper, the pro, if I understand correctly, is that it can be cheaper to purchase because there's no actual movement of real metals. However, in the event of, say, a complete financial collapse, a collapse of our banking system, a collapse of our financial economic system, you could wake up and discover that your paper is worthless because it isn't actually backed by anything. (28:01 - 30:39) That's right. Well, those are the main comparisons and pros and cons is if it's in the bank, it's paper. Yes, you can get it at the best prices, but I mean, we're selling wholesale metal in our accounts for 3% to 5% over spot price already. It's real physical with lots of options. The paper market is basically correlated with the spot price of gold and silver. But like you said, it's only insured up to $100,000. If things go bad, they can cash you out or restrict, especially in bailing legislation or forget about any banking investments. So it comes down to, do you want the real thing or do you want to stay in a fake, over distorted market? But if I was in the banking system, which I'm not because I used other platforms and have for 20 years, I would want exposure to gold and silver. But I think it's riskier and I like the real thing. And I guess people have to make up their mind which way they want to go. Again, having the real thing, no counterparty risk, which means you bought $100,000 worth of EFTs or FTFs. They've taken that $100,000 and leveraged out 10, 20 times and bought a bunch of other things. So there's a lot of risk in the overall system at this time. That's why we saw half a dozen US banks go out of business last year. And if you had more than $250,000 invested in those banks, you didn't get any money back. Right. I want to talk about coins for a moment. All I know about coins is that there's a face value, the value that's stamped on it. And then there's, I believe it's called the melt value or the value of the actual metal that is in it. So if a person is buying coins, I assume they're buying it at the melt value. Is that face value just really an entirely artificial construct that really has no meaning? Yeah. I call it melt value. I would call it spot value and this is never changing. Every 15 seconds that value changes. It's the global market price. This is what the Canadian Mint would be buying their pre-approved for coins, a thousand ounce bars and things like that. They're the only people that are getting their large quantities for spot price, but then they have to mint it. They have to ship it and design it and things like that. So these are premiums that they put on it before it goes to, becomes retail metal. So there is the spot price, or I guess that's the actual melt price. (30:40 - 33:31) And then there is the premiums that are between the melt price and the price that it costs to make a coin and have it delivered to your house. Those are called premiums. And right now, the premiums for physical gold and silver are actually the best they've been in 15 years, but still silver premiums are anywhere from 10 to 15% over that spot price or metal price, where again, in our wholesale program, we're averaging about 5% over spot price. So yeah, if that makes sense. It does. And that leads to another question. I think a lot of people would like the answer to, and you've made reference to this, that you can't actually, you're sure there's a spot price of say $30 for an ounce of silver, but you can't actually buy it for that because there are premiums on that. So you're forced in this situation of say paying, I don't know, let's just throw it a number, $33 instead of $30 for an ounce of silver, which means you have to wait for the value of the silver to go up by 10% just to get back to what you paid for it. So I know the question that I have, a lot of people who have never invested in precious metals would have is, what is that premium? Why do you have to pay that? Why do you have to pay more than what it's actually worth right now? Again, spot prices is that price before, there is cost to having a physical product, moving it around and things like that. So those premiums on there, why they change so much, they're good right now from 10 to 15%, but as things pick up in the public markets, it goes as high as 30. So the premiums do grow across the board. And so the why is there's just real cost on there. I find that people in the gold and silver industry are very fair and transparent and it's very tight. It's just that a spot price is that very beginning price. It's what is the spot price of a t-shirt before the gap buys it and things like that. Then they got to ship it to them and put their label on it and things like that. And then there's a retail price. It's the same for gold and silver. Gold and silver, the margins are actually less than a t-shirt. But the con, I guess, to buying gold and silver is yes, if you buy gold or silver, silver more than gold is you start at 10% less. If I bought $1,000 worth of silver today and tried to sell it back to the coin dealership, you're going to lose 10% right off the bat because you sell it back to them for a spot price. So that is a disadvantage to buying gold and silver. However, the advantages far outweigh these entry points. We look at it as a long-term investment. (33:31 - 35:44) Again, average 9% a year for the last 25 years. It's gone up a value for 5,000 years. And sometimes, like has just happened last year, silver's up 30%. So yes, in our platform, it may have cost you 5% to get into the market if you turn around and sold it the next day. But we're really like you're in this for one to three years for sure is you make up that 5% pretty quickly. We can't guarantee it, but the probabilities of making up that 5% based on these prices being close to the cost of producing metal is extremely high as the silver price still goes up. Again, we believe we're going over $100 silver, but more people are going to buy it at $99, unfortunately, than now when all the smart money is buying it. That's when at $99, yeah, you start 5% less and hope that it keeps going higher. Whereas now you buy it, people that bought it on January 1st of 2024, yes, they started at 5% lower, went up 30%, they're up 25%. But there's a position now and can take advantage of all the long-term gains. But that is a disadvantage to buying gold and silver in the physical world for sure is that initial premium. The purpose of this interview was to educate myself and the viewers. So very simple educational question. You've talked about that spot price, which is what the market says it's worth right now. Currently $30 roughly for an ounce of silver, 2,700 as you said for an ounce of gold. But then we have the premiums that an investor has to pay when they purchase it. So what is the term for that actual purchase price? And what is the purchase price right now per ounce with those premiums added on? Yeah. Well, the term for the highest, most expensive way to buy gold and silver is retail delivery. So you buy retail metal, which is home, which you're borrowing coins at your house. That's the most expensive way. And then there's wholesale retail metal, which if you're a dealer, you're getting it for a bit better cost. You can put 2% on it or 3% on up and sell it for retail. So that's the retail market. We specialize in the wholesale market, which means there's still bars of coins, but it just hasn't been moved yet. (35:44 - 35:56) It's already in the vault. As soon as it has to be moved, it's a real product. It's heavy and there's logistics are moving it fully insured, have to deliver it across Canada. (35:57 - 38:36) These things cause it to be more expensive. But in our platform, as long as it's in the vault, it's fully audited, fully insured. Yes, you can have it delivered, but we can now sell it to you about 5% over spot price on average. If it's over a million dollars, you can get down to over 3% over spot price. We buy tens of millions of dollars of gold and silver, and we're still paying over spot price. It's just internally how the metal moves around and there's cost to all of it. But in our platform too, even though you can get the metal for a whole spot price, then if it's retail, if you wanted it delivered, there is going to be a few more percent premiums put on it because we have to take it out of the vault. We have to ship it and fully insure it. And the inventory and the logistics coming out of inventory and the auditing protocols, these all have costs and they all add up to percentages put on as a ultimate premium. So there is the wholesale market, which is what we mostly deal in, where it's the vaulted metal. And then there's the retail delivery, which are the most expensive way of investing in gold and silver, which most of us in the industry, we have retail at home, but at some point it's too much to have at home. And we look at this as an investment and we want more options. We want less what-ifs and that's where getting it for cheaper, keeping it vaulted, all the options and the least what-ifs. And so hopefully that makes sense. It does. Now, once I was looking for, we've talked about spot price and what that is right now, and now you've made it clear that there's also retail price and there's wholesale price. So right now, let's say for an ounce of gold, spot price is $2,700. What would the retail price be? And what would the wholesale price be? Okay. So $2,700 gold, gold doesn't have as premiums as silver. So we're talking about gold, $2,700 gold. And again, it's fluctuating all the time. We buy in real time. So every 15 seconds, that price is changing, but just for a math, we buy it in real time at $2,700 gold. Retail is about 5% higher than the $2,700 delivered to your house. Wholesale is about half that. Okay. Now the reason why people can purchase precious metals at wholesale price is like, if I go down to a coin dealer and I want to buy 10 ounces of gold, $27,000 spot price, I'm going to pay about 5% above that because that's the retail price. (38:36 - 38:50) Yes. Okay. But if I buy that same 10 ounces of gold from New World Precious Metals, I can get it wholesale, even though that 10 ounce is a relatively small amount compared to what you guys deal with, that's going to be made part of your purchases for that day, that week, whatever. (38:50 - 43:14) So it gets rolled in with everybody else, which is how you can offer wholesale prices to say people who aren't buying a million dollars worth of precious metals. Yeah. In full honesty, retail is very competitive. All of us are about within 1% of each other when it comes to retail, getting it to your house. What we specialize in when it comes to wholesale is when you buy it within our inventory, already held at Brinks, already held at International Depository Services. If you're buying that inventory, we can get it to you for wholesale prices, which is a lot cheaper. If you want it delivered, then again, we have to add on more premiums. All of us retailers, retail is not our specialty. We reserve our retail services for the international wholesale account and for the actual registered accounts. If you have an RFP or Lyft, you can transfer those penalty-free into physical gold and silver, held at Brinks. And if those people want retail, then we do offer our retail services, which is only about 5% of our business. We offer it for as cheap as we can get it. But even as cheap as we can do, retail is only a percent cheaper than any full retail, creditable retail people in our industry. So it's a very tight business. I don't want to sit here and say that we can undercut the biggest retailers in Canada, which we're friends with all of them, we're all the same prices. But what they don't offer, again, is holding this metal and having a Cayman Islands account that actually holds the metal, so then there's no discovery on it. Buy and sell it on a phone call, $100,000 metal, you're getting 10% more silver, and you have an instant 80% of that line of credit. When silver doubles in price from $100,000 to $200,000, you can have access to all those profits as a form of an equity loan. There's just a lot more options. Oh, and then there's corporate accounts where big companies are now holding corporate reserves in these accounts. And there's first right of survivorship. Dealerships and banks are buying inherited gold and silver all day long. You're filling out a T5 form and paying tax on them. In our platforms, you can have your account, you can have someone else on the account, someone happens to you, it seamlessly goes over to the other place. It just keeps circling back here to we believe being in the industry that the best platform is to have an international jurisdiction and held that private storage facilities worth fully insured and fully audited, where you can buy and sell it on a phone call, take your money on a phone call, borrow against it on a phone call. Yeah. Before we move on, and I wanted to ask a theoretical question. And once again, this is dealing with the retail price and those premiums that get added onto it. Now, everything you said makes sense. If I'm calling up a broker and say, hey, I want to buy $27,000 worth spot price, 10 ounces of gold. And they've got to physically move that gold around. They have to deliver it to me. There's costs associated with that. But now let's say I go down to a coin broker and I purchase that same $27,000, 10 ounces of gold. And I'm just going to put it in my briefcase and carry it home. Probably a stupid thing to do, but this is a theoretical discussion. So there was no cost to them to move that gold. Am I still going to pay that 5% retail premium? Yeah. Well, the places where you can go pick it up, those are probably 1% cheaper if you go and pick it up at a Vancouver bullion exchange or the border golds and things like that. And even though you didn't have to get it shipped to you, and yes, there's an expense to getting that done too, they still have to get that inventory. It still has to be minted somewhere. It still has to be shipped to their inventory and to their store where you go and pick it up. So we are talking about 1% here and there that the whole retail market is working with and trying to get the best prices. My advice is if you're dealing with a reputable coin dealer that you like, they're going to be the same price as anyone else, including us. And yes, you're right. (43:14 - 44:27) There are some places in Canada where you can go pick it up and like Costco or Walmart now has really brought the retail market down and that's as cheap as you're ever going to find gold and silver and that's where you can go pick it up. But they still have premiums on it because they still have to ship it to the store and they still have to get it minted somewhere and things like that. So there's still premiums on it. But yeah, there's going to be 1% or 2% savings here. All of us retailers are competitive and within 1% of each other. And then there's little tricks where we can advertise something that is, wow, that's cheaper than anywhere else only to find out you can only get five of those and then we're back to normal prices again. And it comes down to, there's a lot of good people in the industry, including us and we take care of our clients and we have personal relationships with our clients and we're going to always give them competitive prices. But again, we're not really specializing in the retail world. We're specialized in the registered accounts, transferring penalty-free gold and silver held at brinks outside of the banking system or the wholesale stored gold and silver with your account jurisdiction being in the Cayman Islands. (44:28 - 45:31) There is a major stock market crash coming that will rival the crash of 1929. But there is a way to not only protect your wealth, but profit in the coming crash. The stock market chart today looks exactly like the charts prior to October, 1929. Banks are disastrously over leveraged and several major US banks have already failed. And the CDIC, the Canada Deposit Insurance Corporation, doesn't have nearly enough money to cover depositors. If you have money in the stock market, it is time to get out. Governments and corporations around the world are buying up precious metals in record amounts because they know the coming crash will make their other assets nearly worthless. You can buy precious metals at wholesale prices through New World Precious Metals at premiums substantially below other Canadian brokerages. And you can even transfer savings in your RRSP tax-free. (45:32 - 46:30) To get more information, use the link below this video to contact New World Precious Metals. They will answer any questions you may have. You may also wish to contact Adrian Spitters, a personal financial consultant who successfully predicted the stock market crashes of 2000 and 2008. You will find Adrian's contact information below as well. Finally, if you want more information on the coming crash and what you can do to protect yourself, your family, and your assets, see my most recent quarterly update with my team of financial experts at ironworeport.com. By clicking the link below to contact New World Precious Metals, you will also be helping to support our efforts to bring Canadians the truth, as we are an approved affiliate partner. Now we've covered premiums, but just like with stocks, when you purchase stocks or sell stocks, there's a commission to be paid to the broker. (46:30 - 47:42) So if somebody comes to a broker such as New World Precious Metals, there's also a commission. Now you guys have managed to work things so that your commissions tend to be lower than they are from some other brokerages, but explain to us what that commission is for. Mm-hmm. Well, commission, we try not to use the word commission because it might imply that we see all of that money. Commission, we call it fees. It's just another word for premiums. It's really just the cost of moving the metal around. And in our case, again, we're buying tens of millions of dollars in gold and silver. We like to be as transparent as possible. So we're pretty transparent about our premiums, fees, commissions, whatever you want to call them. Whatever those commissions are, like we would normally put on average on silver about 5% over spot price. We don't see all that, all of our costs come out of that and things like that. Yes, the brokers get paid and things like that, but they're a personal broker for that client that, again, you can contact them anytime. They get a newsletter every month. Buying it's only half of it. When to sell it is actually going to be even harder. So that's where we come in again. We're experts in the market. (47:42 - 48:05) Can't guarantee anything, but we're all investors in this product. We're investors in our platform. We're telling our clients to do whatever we're doing. So there's a lot more to just buying gold and silver than just buying it. But yeah, so whether it's commissions or fees or premiums, we're seeing the same things. It's just that in our wholesale, it's in the vault already. (48:06 - 48:39) We are selling our metals in that particular platform cheaper than people can get it for retail. But more importantly, even if it was the same, there's just more advantages to that. If we're getting into larger amounts, that is, of course, have some at home, five, 10, $20,000 worth. But when we're getting into more than that, now you're subject to even big rabbit holes like gold and silver confiscation. What do you do with it when it's at home? Again, you can't sell it anywhere without filling out a T5 form, et cetera. We don't give tax advice, but these are just the realities of having metal at home. (48:39 - 50:59) Whereas in our wholesale program, if you really need it at home and things are getting really bad and it looks like we're going to have to buy a brand or that, you can have it delivered at any time, all of it or a portion of it. And what we tell people, because the odd time that people are convinced that they want it at home and we tell them about this platform and they think, hmm, that's interesting. We say, well, just try it for a few months. And if you don't like it, have it delivered later. It's not going to cost any more. It's only going to cost you the cost of retail, whatever it costs you. And 99 times out of a hundred, they stay in the retail program or in the bolted wholesale program because there are more benefits to being in there. Even having home, people don't realize you can't travel with it. There's no, again, if it got so bad that we have to barter with it, I think we're dodging bullets and things like that. We have bigger problems and you can always have it delivered later. But until that happens, we look at it as an investment with more options. You know, there's a pretty big rabbit holes where, you know, we got to get out of, you know, a couple of years ago, it was a reality. We had clients leaving Canada and moving to Mexico and things like that. Can't take your gold and silver with you, or you might be able to, but have been confiscated at the airport or at the borders where in our platform, we just ship it to you. We take it out of our bolt inventory in Canada to ship from our Cayman Island inventory or Delaware inventory, and it can be shipped anywhere or they need money. It's just shipped to, or it's sent to their bank account. As long as it's the same legal name, because we follow compliances, is we can send their money to Mexico or wherever they happen to be moving to. This is an international potential investment that's outside of the banking system without any counterparty risk. We think that regardless of which way that you want to do it is gold and silver is a place to be. The premiums, the 1% or 2% here or there, yes, in our wholesale platform, you're going to save yourself a couple percent, probably 5% to 6% on the silver and 1% on gold being in our wholesale platform. But there's more advantages than just the premiums that we are talking about. (51:01 - 55:07) So to clarify, in a previous life, I was a technical writer and so I'm something of a stickler for defining terms. If we use words incorrectly, we communicate the wrong idea. So I'm going to make a bit of a summary here of what we've just been talking about with these premiums fees commissions, and let me know if I get this right, and please correct me if I get it wrong. Probably the clearest way to look at this is to say that the difference between the spot and the retailer wholesale price is the premium and that premium consists of fees and commissions. Would that be essentially correct? Yeah, fees commissions, like I said, we audit the account twice a week. In our case, we have other expenses like the auditing of the account twice a year. Retailers might have the moving it from vault to vault. The mint will have the minting cost from a bar to a coin, and that costs 1% per coin. That's why we're paying 1.5% over because they have to make money off that too. So yeah, it is a number of things in our particular platform because we're buying so much volume and we're trying to pass that down to the client, especially in the wholesale vaulted market. So it's a win-win. Those premiums are just kept as low as possible, but you're correct. That's essentially what it is. Okay. Now you mentioned gold and silver. If you tried to carry it across a border, it could be confiscated. I know from my own travels, for example, when I went into Mexico, they don't like you bringing in more than about $2,000 US in cash because it's often used for drug deals if you're bringing in more than that. Why, if you've got documentation to prove that that precious metal is yours, what justification would a border crossing guard at US or the Mexican border have for confiscating it? Yeah. Well, you are correct. If you have $100,000 worth of gold, you're not advised to... It's no different than cash. You can't cross or go on a plane with more than $10,000 cash. You can, but you're really taking a chance and why would you and things like that. But even if you have documentation on where you got it from, they're still going to take it from you and ask questions later. I suppose you are correct. You may be able to let them take it and ask questions later, but now you're in this whole system of trying to prove that you can take it and things like that. It's just very, it's inconvenient and it's heavy. A couple of thousand ounces of silver, which is currently worth about 60 grand, that's a lot of weight. That's more than the weight that your suitcase can even take. It's very cumbersome and inconvenient and in our view, it would be risky. But it happened in the world wars and things like that, that none of us grew up and have no idea what that would be like. But having gold and silver help people get across borders and pretty extreme situations such as that, I don't think that that's ever going to happen. But then again, I never thought that the government was ever going to invoke emergency acts and freeze bank accounts and things like that, which to be honest with you, from a business standpoint, we're thankful for it because we haven't had a day off since, but that's another story. Right. Okay. So now earlier on, Greg, you had very quickly gone over the advantages of how New World Precious Metals handles these purchases, handles the storage. There's an accountant that came in islands for the actual, I suppose, legal ownership of the metal. Then you've got a deal with Brinks where they can hold that metal in a vault for you so that you don't have to risk having it say in your home where it might be stolen. Now I'm going to ask you this question in a very specific way though. I'd like you to explain that whole process again, but I want you to explain it as though you were speaking to somebody who had zero knowledge of investing in precious metals. (55:11 - 58:32) Okay. Well, starting with someone that has zero knowledge in investing in precious metals, number one would be why would you even want to invest in precious metals? There's three fundamental reasons why. The first is the best form of savings, like we've talked about earlier on in our interview, is it's been the best performing asset class for the last 100 years, 50 years, 25 years, average 9% the last 25 years. It's the best performing savings asset that's out there, which most people don't even realize. A GIC is paying two or 3% at this time, and that's considered the bank's best performing saving asset. Silver and gold did 30% last year, has averaged 9% for the last 25 years as a good example. That's the main reason to be in gold and silver. The second reason is portfolio insurance. It's a hedge against a falling or an overvalued stock market. The stock market hasn't fallen, but a certain overvalue, so it's a hedge against that, a hedge against money printing and the devaluing of currencies is why central banks are buying records amounts of it in our view. Then the third reason, and this is the reason I'm most excited about, is an investment potential. That means whether it's the main reason of 9% savings average a year over the long-term or investment potential we're going into in our view clearly into a bull cycle. The investment potential, again, the last two bull cycles were over 1,000% in silver, 800 in gold. Number one, those are the reasons to invest in gold and silver, why you'd even be doing this. Now, the next question is how? We talk about ETFs. I want the bars and coins at home. Well, being in the industry for 25 years, an investor myself, as are all of our brokers, investor platforms. We have banking executives and large corporations using these platforms because we believe that the best options are number one, if you have a registered account and you're interested in gold and silver, you can roll over an RRSP, Lira lift, TFSA from any institution, penalty free, and hold gold and silver in it. If you're interested in physical gold and silver for those reasons that I just mentioned, you can do that. If you want to invest cash, we offer an international platform, which means you can hold your gold and silver with us at an international recognized private storage facilities, international depository services in Mississauga or Brinks, Calgary. They're both the two largest, most creditable private outside of the banking system storage facilities on earth. Your inventory is fully insured, fully audited. Now that you have it in there, or if you're interested in that, we can get it for the best prices. There's no counterparty risk. Again, if you want to keep your $100,000 in the bank, legally, you don't own it. Legally, it's only insured up to $100,000. Legally, it is leveraged out 100 times. There's lots of reasons to be in gold and silver. Number one reason is no counterparty risk. It's privately vaulted. Again, it's outside the banking system. Again, you can buy and sell it on a phone call. You have options like $100,000 worth of gold and silver. You now have an $80,000 line of credit. It's pre-approved. You use a short-term loan for $10,000. You just give us a call. It's instantly there. You don't have to do any more paperwork. (58:33 - 1:01:00) There are just a lot of options. Now you also have first right of survivorship. That means if something happens to you, you can have a second person on your account. It just seamlessly and legally and compliantly goes over to the secondary person that's on the account. It's 100% insured, 100% audited. Worst case scenario, you can have it, all of it, or delivered at any time. On top of all that, it's stored, insured. We know where it is held in Canada privately, not part of bail and legislation outside of the banking system, does well in all these fundamental times like inflationary times and currency devaluation times. Clearly that's happening. Your name that holds it is a fully compliant account that's held internationally in the Cayman Islands. It's a 25-year platform that just happens to work perfectly in these times. What gives you an advantage of having that Cayman Islands banking account is now you can buy and sell it on a phone call. There's no third-party discovery on it. We don't give tax advice. That's up to you and talk to your accountant about it, but we don't have to do any reporting on it on our end. These are very attractive to people that want to invest in gold and silver and look for more options and least what ifs. Hopefully that's enough to get them interested, but just taking the benefit of the doubt, we're not here to just make money on gold and silver. None of us are. Not Warren, not Bryce. We're here to serve people. We're here to help people reset their financial position before any reset happens, which we all see coming. This, in our view, for now giving us the benefit of the doubt, is the best place to invest in gold and silver in our view. The scenario of a complete collapse of the current financial system essentially overnight, it's probably unrealistic, but given things that are happening in the world and things that you referenced that have happened in our own country in recent years, there are people who are concerned about this. Let us say that they now invested in precious metals. The actual physical metal is being held in a Brinks vault, as you say, in Mississauga or in Calgary. In the event of that, unlikely event of a complete overnight collapse of the system, a person could now use gold and silver to purchase goods and services. Very few people are going to turn it down because they know it has intrinsic value. (1:01:00 - 1:01:51) Would a person potentially experience any difficulty under those circumstances getting their physical metal delivered to them or even going and picking it up? Would there be barriers there? No, no, because the metal belongs to you and this is a guarantee of our platform. Not that you're asking about us, not the bank, but definitely if there's a crisis, there's bailing legislation, bank accounts get frozen, limits amounts that can come out, you can't cash in investments and get that cash and things such as that. So maybe essentially cash becomes worthless or it becomes like a Germany or Zimbabwe where all of a sudden it's $100 for a jug of milk, whereas gold and silver maintains purchasing power. (1:01:52 - 1:02:10) So being that it's a private storage facility outside the banking system, you have an account, you have statements, you have an account that tells you exactly how much metal you have, you have receipts for all that. We have inventory control at these facilities as well. Yeah, it's done online and you have an account online, but it's a physical product with physical ledgers. (1:02:11 - 1:08:33) This metal belongs to you. Therefore, you can have it delivered or go pick it up if it's in this wholesale account at these two locations at any time. We've been talking about precious metals as gold and silver, but gold and silver are not the only rare metals that have considerable amount of value. Can people invest in other precious metals than gold and silver? Yeah, well, through our platforms, we do provide and a lot of dealerships do provide palladium and platinum, but these are, we specialize in gold and silver and we're experts in gold and silver. So we don't give advice on palladium and platinum. If people are interested in palladium and platinum, it has to be on their terms and that they understand those markets and why they are doing it. We can provide that service, but those are completely different conversations on their fundamentals and completely different presentations. Whereas gold or fundamentally are real money, they have monetary values and again, they're the oldest markets in the world and that's when we specialize in and that's primarily 99.9% on what we sell is physical gold and silver. But there are upsides to palladium and platinum and other nickel and things like that, but we really focus and specialize on gold and silver. And another reason why, if you're going to buy gold and silver, go somewhere where they specialize in gold and silver, which most gold and silver dealers do. Now, Greg, I really appreciate your time today to educate us all on the precious metals markets and how they work. I've exhausted my questions, but you're the real expert. To finish up, is there anything else that you feel viewers should know in order to understand these markets that I have not covered? I think the most important thing is we can talk about it. We can hate a lot of the stuff that is going on. Potentially, we didn't get into central bank digital currencies. We can talk about currency devaluations, all these things that are really happening. Governments, banking failures, and things like that. It is so important for our financial, social, environmental quantum leap and reset, which is clearly happening. We can talk about them, we can hate them, but we have to do something about it. And right now, in overvalued stock markets and things like that, in our view, I'm putting yourself in the gold and silver or the oldest, most credible, predictable market in the world for the next few years. And just sit back and see what happens. You're not going to lose. It's a win-win. It could be a giant win. I just really would hate for people to be talking about it, thinking about it. I brought up the Great Depression in this Ray Dalio quote, which was a good example. We hear about the soup lines and how bad that was. I don't think that would be the case now, because there's social programs and all this type of stuff. However, what people don't talk about is there was more millionaires per capita made at that time as well. The opportunity right now, and I'm talking about only in the next two, three, or to the end of this decade, to make wealth is probably the greatest in our opportunity. So take advantage of this. We're not here to just make a percent or 2% off of you. We're literally here to help people at their financial position before a reset happens. Because if you don't do anything about it, you're going to look back a couple of years from now, two, three years from now, wish that you did it, because there'll be no getting this back in the future. This is what the people that won't like the world economic forums and the biggest players are doing right now. And we want as many people as possible, because we think that it is not far-fetched to see clearly that the middle class is, I hate to be dramatic, like literally getting wiped out with inflation and inflation isn't going anywhere. In fact, it's going to get worse and wages aren't going up. And this is a true way to either maintain wealth first and foremost, but create wealth for you in the future so that you're okay. So you're on the winning end of of being literally no middle-class. So you're either in five years from now stating what's going on and didn't do anything about it or do something about it now. And the opportunity is a once in a lifetime. So you just give us the benefit of the, if you're interested in gold and silver, like you said, you work with a Warren. Warren isn't just a regular broker. He's like the top producing broker in the country. And one of the most educated, knowledgeable gold and silver investors in the country. And he's here to assist your audience. And so if you're even interested enough to just want to answer more of the questions that I've been maybe vague about, is just give him a call and make an appointment. He's, again, he's not overly interested in making a buck. He's interested in first and foremost in helping people. Whether it's our minimum investment of $5,000 or a million dollars, he treats everybody the exact same. And, and then Bryce, Bryce is an up and coming superstar in our industry. So we've got the two best, two of the best people in our entire industry working directly for, for, for your audience and couldn't be in better hands. I know they have a presentation coming up next week. I think they might be doing a private one for, for your group as well. They can answer all these questions, ask as many questions as they want. But I, I would honestly, and I don't mean to be dramatic again about it, but I'd be running to the bank to put money in gold and silver at this time. And the best endorsement that I can give for everything you've just said is to tell the viewers that a few months ago, my wife and I took every dime that we had in the stock market. We had funds invested in mutual funds. We took all out and a substantial portion of that got put into precious metals through New World Precious Metals. I genuinely believe in everything that Greg is saying and the financial experts that I interview every quarter that tell us that there is a major economic collapse coming. You do not want to be in cash. You do not want to be in the stock market when that happens, because you are going to lose your money. So we've put our money where our mouth is. And I hope that other people will as well. Greg, thank you so much for your time today. Yeah, thank you, Will. (1:08:34 - 1:08:58) Social media platforms promote content based upon how many likes, shares, and follows they get. Please help us to spread the truth and take just a few moments to hit those like and follow buttons and then share this video to your own account. Truth is becoming ever harder to come by, but you can help spread the truth and it will cost you nothing except a few moments of your time. (1:09:03 - 1:09:04) Thank you.