VIDEO SUMMARY
➡ Jack Mullen, co-founder of Patriots Network, introduces Dr. Kurt Elliot, a financial expert with a focus on precious metals. Dr. Elliot, who has a background in economics and business administration, has been working in the financial services industry since the late 90s and has been focusing on precious metals since 2002. He advises on politics, economics, and business growth for numerous national boards and has done over a thousand interviews and written numerous books. The discussion revolves around the importance of precious metals, particularly silver, and its recent increase in value, as well as the challenges and opportunities in the industry.
➡ As investors, our aim is to buy low and sell high. Investing in bullion, like bars of gold or silver, is a good strategy because it’s an industrial commodity needed by many companies. If you invest in rare coins, it might be hard to sell them because they’re not as widely needed. The value of gold and silver can go up during times of conflict, debt, and instability. Right now, there’s a high demand for silver but a low supply, which could lead to a significant increase in its value.
➡ The article discusses the increasing demand for silver due to its use in manufacturing and AI centers, and the decreasing supply, making it a safe investment. It suggests that people should consider investing in silver rather than traditional stocks and bonds, especially given the unstable economic situation. The article also mentions that while the US economy might improve, global economic issues can’t be fixed easily, which will continue to drive up the value of silver. Lastly, it emphasizes that silver and gold are not traditional investments, but ways to protect wealth from currency decline and inflation.
➡ Gold and silver are not just historical relics, but they are also the constitutional currency of the United States. The value of paper money is decreasing, and even if you have a lot of it, it might not buy you much in the future. In contrast, gold has maintained its purchasing power over the years. Therefore, investing in physical metals like gold and silver can be a good way to protect and preserve your wealth against inflation.
➡ The text discusses the importance of political freedom and the role of gold and silver in maintaining it, as per the Constitution. It warns about the decreasing value of the dollar and encourages people to act with courage and logic, not fear. The speaker appreciates the conversation and invites any questions, offering help through their website.
VIDEO TRANSCRIPT
Is The Dollar About To Collapse? Jack Mullen Talks With Dr. Kirk Elliott About Preserving Wealth
Foreign welcome everyone. And let me just say that this is a special broadcast for me today because I typically don’t do this sort of broadcast. I typically do things like webinars with people like Sheriff Mack at CSP Way. But my name is Jack Mullen and I’m the co founder of my Patriots Network along with Jimmy Swinn. And since those days when we created that site, we also created many others, including patriotsgear and patriotsclub.com we’re associated with sovereignradio.com and, and many others, including the CSBOA, the constitutional sheriff’s Peace Officers association, with Sheriff Mack another legend in American history already.
And so it’s a privilege to be here today to talk about things that are very near and dear to my heart. And today’s a special day and, and I’ll, I’ll explain that and then I’ll let our gu take a shot at it. But with me today is Dr. Kurt Elliot. And would you like me to call you Dr. Kurt or, or Dr. Elliot or you can just call me Kurt. That’s what my friends and family call me. And that’s what you are. So there you go. Anyway, today is a very special day, I think, because. Well, first of all, I want to quickly run over some of, of Kirk’s background here.
I have a little list of things here that I wanted to bring up. He. He’s got a PhD and he also has a background in economics. And I have a button problem. He earned a Bachelor of Science in Business Administration with the University of Colorado. I’m just taking this from the website, the website being kepm.com Kirk Elliott, precious metals.com so we’re going to speak about precious metals. Dr. Elliott in this case is a graduate in Business Administration with the University of Colorado, has a Master’s in International Studies from the University of Denver. He’s a graduate School of International Studies where he focused on international politics and economics.
Since then, Dr. Kirk has been working in the financial services industry and has been focusing on precious metals since 2002. In 2007, he earned his first Ph.D. from Walden University in public policy administration and his second in 2013 in theology from Primus University of Theology. Dr. Elliott serves on numerous national boards where he advises on politics, economics and the business growth and development for those organizations. And as Founder and Chief Visionary Officer. I like that title of Kepm. Dr. Elliott has focused his time on educating America on how politics, economics and social issues impact their finances.
And since 2019, El he’s done over a thousand interviews and has written numerous books. And so it is with great pleasure that I introduce my guest today. And Dr. Elliot, I wanted to say that today was a, a bit of a special day. Back in 2011, I wrote an article that was called $50 Silver the Price Point of Liberty. Now after, in 2011, there had been a very close moment when silver got close to $50 but couldn’t break through that famous resistance that had been around since the 80s. And, and then as you know, in 2013, there was the so called Sunday night drive by shooting where the price of silver was somehow dropped overnight dramatically and eventually ended up way, way below its starting value, which was getting close to $50 again.
You know, I, I don’t know how low it might have gotten down there. I believe it went down close even to 12 dol. Regardless, there was a deliberate attack on silver at that time. And today being a bit of a special day because we’ve, we’ve reached the 50 point again. And so this is a bifurcation turning point, something that’s important to everyone. Well, for, for those of us who understand what silver and gold actually means. So I’m going to let you start off any way you want. You can comment on that or you can tell us a little bit about your history that you might want to bring us up to speed with, or you may start right away and talk about the beautiful constitutional currencies that we’re going to speak about.
Yeah, I mean, I’ll do a little bit of both. Jack, it’s great to be with you. And you know, I’ve been in this industry since the late 90s. Started off as a stockbroker, and then in 2002 I got into the precious metals world. Kind of weird story behind that. I worked for a large international, just normal equities firm, right. And at the time I was recommending to my clients, it’s like, hey, you should put 5% of your position in gold. Right? So I was sending them to some other company because the company I worked for didn’t offer it.
Like today, you know, the Merrill lynch is of the world, the Schwab’s of the world. They don’t offer physical gold and silver. Right? So I was just sending them somewhere and they flipped out, Jack. They said, you can’t do that. You’re selling away. It’s like, what? I’m not selling anything. We don’t offer it. I’m just recommending and they go somewhere else. So they gave me a cease and desist. Right. Sadly, today that’s still the rule that’s on the books. These big companies, whether it’s BoA, Schwab, Fidelity, I mean, not picking on them, you just name the company.
They don’t do physical gold and silver. So even if their advisors would recommend to you, let’s say you were a client of one of them and you asked them about gold and silver, they can’t really tell you about it. They can’t really talk about it because they would get, There’s a rule, selling away. They would lose their jobs and self preservation comes into play. So even if they love it, they can’t talk about it, right? So this is the problem, right? So. So as forward thinking, wise, prudent people that believe in financial freedom, we kind of have to think on our own, right? Because we’re not going to get that from our advisors.
So going back. So I went to that company, actually, I left. I said, I will always do what’s right for the client, but you have to do what’s right with the company that you’re working for too. You have to be honorable and ethical and moral, right? And those puzzle pieces didn’t fit together. So I quit. I couldn’t do what they wanted me to do, which wasn’t right for the client. So I went to this firm, precious metals dealer, back in 2002. And you know, always be specific when you ask for something, right? So they offered me a book of business.
And the book of business they gave me was the phone book. It’s like, oh, no. Okay. So I’m making 250 phone calls a day for like three years. And I’m watching financial news networks and Jim Cramers on there just shouting from the rooftops and yelling and screaming, saying, wait a second, this guy isn’t. He’s not good, right? He’s giving bad advice. And they have an index, the Kramer Index now, which is opposite of what he says. And it does pretty good. How did he get on tv? I want to get on tv. I have good ideas.
So I thought, all right, nobody on TV has a PhD unless there’s some Harvard professor, boring person talking about policy, right? So I thought, okay, I’m going to get a PhD. So I got my first one in public policy and administration, second one in theology because I’m a glutton for punishment. And I thought two might be better than one. And that opened up the floodgates of impact and influence. Literally is interviewed everywhere. Not because I’m smarter, just because I’m different. And two PhDs after my name. So fast forward to Today, you know, we do things differently at this company.
You know, if you watch any podcast on the planet, you watch Fox and Friends, you watch whatever, you’re going to see a precious metals dealer basically saying having some, nothing against gray hair, I’ve got it too. But having some gray haired actor from the 70s, so do you Jack saying, this is the company that I trust and you call us, we’ll give you a free IRA kit and some free silver, right? That’s like, oh boy, nothing’s free in this world. You know you want, you studied economics, there ain’t no such thing as a free lunch, right? So they sell you overcharged pricey commemoratives, collectibles, semi rare coins that the client literally will never recover from ever.
So what I wanted to do is change the industry and do it differently. So from the jump, you know, we, we said we’re just going to charge 8% when people purchase and 0% when they liquidate. It’s not my money, it’s yours. I want you as the client to achieve everything you thought you were going to get when you invested. So I don’t charge anything. When you liquidate, whatever the depositories are paying, you get it all. Now, not all gold and silver is created equal. I love bullion because it’s a ready made market. If you were to buy a rare coin, collectible, commemorative, and I love these people, I love President Trump, General Flynn’s an amazing man, but I would never buy their coins with their pictures on them because you get charged way too much, right? It’s just silly.
Our goal as investors is to minimize our cost and maximize our ounces, period. That’s it. So to do that you do bullion, bullion being an industrial commodity like thousand ounce bars of silver, hundred ounce bars, ten ounce bars, one ounce generic refinery rounds on silver and on gold, it would be 1oz gold bars or kilo bars, that’s it. If it’s not one of those, I wouldn’t buy them right now because the premiums are too high and everything else. So there’s a ready made market when I want to liquidate because the client says, hey, I want to lock in my profits, I need money to buy a new roof or whatever, I press the button.
It’s an industrial commodity. Sony, Samsung, LG needs it, Boeing, Lockheed, Martin, you name it. And in 45 seconds, trade is locked in. We wire you the funds. If you buy a rare coin, the process is different. Let’s say you had these Australian kangaroos or something weird, right? Canadian wildlife coins, you name it, there’s all kinds of weird ones. You call up and say, hey broker, I need to sell this stuff. They say, okay, let me give you a moment and I’ll call you back with a price. Why? Because they call client B and they say, hey Jane Doe, have I got a deal for you.
We just got this new inventory in. If you don’t buy it today, it’ll be gone in 72 hours. So we’ll give you 5% off. Right. They have to make a market for it. And if there’s no market, because everybody at the top of market selling, for example, there’s no buyers, well, it might be illiquid, you might never get rid of it and you overpaid for it. And now you’re going to get melt price because depositories will always take it back. Right. But, but they’re going to charge you melt, which is 4% less than spot because they’re just going to make it into a coin or a bar.
You never recover those premiums. So we set up our company different to be very transparent operationally and give the client the best deal. Now, just because we have that, there’s times in history when it doesn’t make sense to buy gold or silver. When would that, when would that be like? Okay, you’ve got gray hair like me, sadly. Remember 1983, if you were to buy a house back then, interest rate on a 30 year mortgage is like 18%. Why? Because coming off the Carter years In the late 70s, we had high unemployment, we had massive inflation. The highest tax bracket was 70%.
There was an oil crisis, there was rationing at the pumps. And Reagan came in in 1980 and said, we’re going to fix this thing. How do you slow down this inflation? Massive inflation, this runaway train. We’re going to jack up interest rates to 18%. Slow down inflation. Yep. Right. So, so then he did more. He lowered taxes. Individual income taxes, corporate taxes, property taxes, capital gains taxes, all of them. Right. That created a framework for economic success that lasted beyond him. Right. It lasted through the Bush administration after and the Clinton administration. They used Reagan’s policies, which were the economy is growing, real estate was booming, stock market was booming, the bond market was booming because interest rates came down.
Therefore, gold and silver did nothing. Like literally for 20 years, they did nothing because there was no reason for it. I mean, and even socially, the Berlin Wall came down, the Cold War was over. Newt Gingrich, who was speaker of the House, had this contract with America and Republicans and Democrats were talking and negotiating deals. It’s like what? I haven’t seen that in like forever. That doesn’t happen now. So that’s when gold and silver doesn’t do well. When do they do well? During times like this, right? When you’ve got geopolitical conflict, unsustainable debt, a global debt spiral, that’s an inflationary one and you’ve got wars and rumors of wars and banks that are under capitalized and on the verge of failure, nobody can get along.
I mean it’s a problem. You know, I don’t want to focus too much on the mess. But the mess is one of the reasons why gold and silver go up. You know, it’s, it’s that intangible when you add it to the normal markets which are as you know as an economist yourself, supply and demand. Supply and demand always rules everything. If you have a low supply and high demand, prices go up. Well you look at the news over the last few months, London, lbma, the massive main depository on the planet for central banks and everything else, they’re running out.
In fact the, the chief investment officer of TD securities, like TD meaning Toronto Dominion, TD Ameritrade, that td, he’s in charge of their commodities, said you know, based on their analysis, London runs out of gold. It’s depleted. I’m silver, sorry. In four months, four months, it’s like okay, what happens when the Boeings and the Lockheed Martins and the Sonys of the world and the Teslas need silver for everything from solar power to electric vehicles to batteries to AI chips, the big fast computers for cryptocurrency mining, you name it. If it’s electronic, it has silver in it.
Exactly. If they don’t have, it’s not like, like the screen behind me like 65 inch Sony flat screen TV, it’s not a hundred percent silver. It might have two or three ounces of silver in it. Right? So, but they can’t finish the product. Sony can’t if they don’t have silver. So what are they going to do? They’re going to go to the exchanges and say hey, we need 10 million ounces of silver. And they’ll say well there isn’t any, sorry. Like well okay, silver, $60 an ounce. We’ll offer 80, we’ll offer 100, we’ll offer 120, it doesn’t matter.
They will offer whatever price necessary to get the product to finish their product and they’re just going to pass it on to the consumer. They don’t pay for it. It’s just going to be a Cost of goods. So when you are the holder of the commodity that’s needed, when it runs out, that’s where you can actually, it can be very, very beneficial for your portfolio. This is the world that we’re living in right now, right? And so I take a very pragmatic, logical approach to it. It’s like if you can strip the emotion out, like, a lot of my clients that are calling in, we’ll hear podcasts and whatever.
It’s like, sky is falling. We’re going to have a zombie apocalypse, right? The government’s going to run out of money. We’re going to need silver for barter. We’re going to need this and that. Some of that may be true, right? But really fundamentally, if you strip out the emotion from your decision and look at the logic, everything else is noise. It may be beneficial and it may be true, but always look at the supply and demand. And what we’re seeing right now is literally the most extreme supply discrepancy ever in the history of the world. There is not enough silver.
If you look at COMEX, 750 million ounces in short position, short, the global mining of silver in a whole year isn’t that much. And that’s just their short position. There’s a short squeeze that’s starting to happen, which is why in the last four years, silver’s gone from $18 to $51 an ounce. It’s like it’s literally pushing $51 an ounce today. Well, that’s massive gain. Have you seen that in your stock market portfolio? Have you seen that in anything else? Probably not, right? But here’s the thing. We’ve had that growth without silver running out. What happens when it does? The best is still yet to come.
So people ask me every day, Kirk, if I miss the boat, it’s like, man, silver’s gone from 17 to 51. It’s almost doubled, right? It’s like almost doubled during that time, or it’s like. Well, it’s more than doubled. However, I think we see a tripling moving forward because we don’t know what happens when it runs out. It’s never run out before, but when anything runs out, people will pay anything to get it if they need it. Now, you’re right. If you own it, when that time comes, you benefit from it. It’s not a scary moment. It’s actually a beneficial moment.
Absolutely. And what you just said is like I’ve been saying for a long time, and I’m. And I appreciate the fact that if I were Going to buy gold and silver from somebody. I would want somebody knowledgeable like yourself. Because as you mentioned earlier, people in this game are basically coming from the world of stocks and bonds. And believe me, I certainly don’t want either one of those right now. And you look at silver in its situation, which some people are calling a massive short squeeze, we have a situation where we may reach the point where some people call Unobtainium or it becomes unavailable at any price.
And that’s got to be something both exciting and a little bit scary. With the, with the number of solar projects that are going in today, which is nosebleed with the, with the fact that the government’s intent on building and helping out their corporate buddies build these AI centers, you know, where we have massive amounts of new hardware that they’re going to be involved. They’re going to be, you know, hundreds and hundreds of billions of dollars for each one of these build outs over size, you know, areas the size of, you know, Rhode Island. I mean, basically these are enormous things.
And so that’s all going to play into the fact that silver is unavailable and getting more so. And I see on, I was reading some of the headlines this morning and it looks like, you know, people are making excuses and you know, they’re also saying, you know, gold and silver been overbought for some time and you know, maybe 60 days they’ve been overbought. And of course in normal times that would signal something similar to the, well, there should be a retreat and you know, so you might want to wait to buy. But I, that’s what I wanted to ask you.
I mean, right now, you know, we are in a critical situation with this US dollar. We see the debt markets are unstable and getting more so and it looks to me like currency crisis is in the wings. What would you suggest to people that might have a little bit of liquid money or cash laying around that they can do something with, whereas a lot of people right now are struggling and should have been buying gold and silver over the years. But what would you suggest? Do they get away from the old traditional portfolio structure of 60% stocks and 40% bonds and go ahead and make the plunge? Do you see this the way I do, that it’s really coming towards a major crisis point? I do.
And my answer to that would be, I know this isn’t a real number, but a bajillion percent. Yes. Okay, so, so I don’t care. We don’t have a minimum right. Other. Well, we technically kind of do. It’s like if you’re buying gold, it would be 44, $4,500 an ounce. Right. We can’t cut it in half with a hacksaw. Right. We’re not going to do fractional sizes. The premiums get too much. So you’re buying gold. That would be minimum on silver. The depository we use, we drop ship from the depository. They ship it for free. So I don’t want to cost them money because they pay for the shipping.
If you buy one ounce of silver. Right. They would lose money on every trade. So minimum on silver, I’d say $500. So I’ve got clients that invest $500 like clockwork, every paycheck, every month, every three or four months, whenever they can accumulate it. Upwards of, you know, I’ve got billionaire clients. Right. So everybody in between, I want to make sure that everybody, whether you have a lot or you have a little, is being a wise steward with what you have. Because if you do it consistently, like let’s say it takes you four months to generate $500.
And you do that, you know, every four months. After four months. After four months, before you know it, you look down and it’s like, wow, I’ve got a pile of silver. Right. This is amazing. And that. I’m a stacker. Yeah. And that compounding of ounces over time is going to do so well. I mean, it’s going to do so, so well. So, yes, I would allocate into silver. I wouldn’t even do gold right now. Right. I think, I think silver is outpacing gold when they’re both equally as safe. I would actually, I would say silver’s safer because it has an extra layer of demand, you know, so what causes gold to go up? Inflationary pressures, loss of confidence or trust in the government? And the.
Basically the thought that why I don’t think my. I think my bank is going to fail. Right. Those kind of loss of trust in the capital markets and in their government is what causes gold to go up. It’s a financial metal. That’s it. It’s not used for manufacturing for really much of anything. Right. So silver acts like that too. It’s a financial metal, but it has this extra layer of demand, Jack, which is. It’s 90% of the people buying silver are manufacturers. Only 10% are people like you and me. Right. So it’s got this layer of industrial demand for everything we’ve already talked about, from nuclear power to aerospace to solar to chips.
I mean, you name it. Yep. So that to me, Adds safety. When you have more demand and low supply, that’s safe. So, yes. I’m not saying that gold and silver are the greatest thing since sliced bread, saying they’re the greatest thing for right now based on where we are politically, geopolitically, economically, I mean, so ask yourself this question. It’s a re, it’s a real question, but it’s a rhetorical question too. Do you actually think that the Russia, Ukraine conflict is going to go away tomorrow? It’s like, no. Not going to think that the Arab, Israeli conflict is going to go away tomorrow? Probably not.
Do you think that the BRICS nations are going to go away tomorrow? It’s like, no. Do you think we’re going to have global peace tomorrow? No. Do you think we’re going to go back to the Stone Ages and we don’t have any need for electric vehicles or, or electric things like flat screen TVs or solar power or batteries or anything anymore? It’s like, no, we’re not going to. The demand for silver is going to continue on even if it’s a globally sluggish economy. Now, domestically, I full on believe Trump is going to fix a lot of things.
He’s going to lower interest rates, he’s going to create jobs, he’s going to bring manufacturing back to America. Tariffs have a lot to do with that. Right, because it’s going to make foreign goods less attractive, American goods more. That’s how you build America back and make America great again. Right. As you bring manufacturing back here. So just because America is going to get better in time, it’s not going to happen overnight. I think we have a lot of dark days before we have light ones because he has massive headwinds of a global establishment that does not want a power change, it does not want America at the top of the heap.
The globalized world. You look at the World Economic Forum, the imf, the World bank, all these things, they want this global commune, basically, they want all countries of the world to be happy participants in the global economy. And you know what that’s code for? Everyone’s going to be equally poor. Right. It’s communism. That’s what that is. Where Trump says, no, we’re going to make America great again. We’re the best country on Earth. And if he were saying that, and he were the president of French Guyana, small country, that really doesn’t matter on the global stage, his words would be meaningless.
But we’re the largest consumer engine on Earth. We have the largest military, we have the most ingenuity in our manufacturing and creative processes. Right. I mean, we’re a big country that needs to be dealt with. Right. So he’s gonna win. Right. But what he can’t do, what Trump can’t do, is fix the global economy. He can’t fix that the Japanese yen is tanking. He can’t fix that the global manufacturing demand for Chinese goods is cratering and their real estate is going through the tanker. He can’t fix that Macron in France, that people hate him. Because you’re in France, you grew up, you worked hard your whole life, socialist country, you paid higher taxes, and then you get one year away from retirement.
They say, well, we got to have austerity measures. We can’t afford to take care of you, so you can’t retire for three more years. And, oh, by the way, when you do, we’re going to cut your benefits by like 20 or 30%. What does that mean? Blood in the streets, outrage, riots, protests. Trump can’t fix the social unrest in some of these countries where you have to pay the piper, where the debt has finally caught up with them. So what are gold and silver? They’re global commodities. They’re not just American commodities. So as the rest of the world continues to deteriorate, gold and silver will continue to go up.
This is why my answer was a bajillion percent. Yes, allocate into silver. Because there’s trends that are bigger than you and I that we can’t stop. Absolutely. And I’ve heard you say it before, and we know this is true. Silver and gold are not typically thought of as investments in the traditional form, but rather ways to protect your wealth from the decline and destruction of a currency. And as you just noted, you know, this, this situation, there are things that can’t be changed. We’re, we’re increasing the debt at a rate of approximately a half a trillion dollars every 90 days.
And that’s not going to end. And in order to keep the financial system able to make the trillion dollars a year interest payments, we have to keep spending money. So unfortunately, that’s inflation as well. So if, if, if folks want to defend their wealth, they have a way to do that. And as you said, you know, gold and silver are not only historical, barbarous relics, as it was once called, which we know was just a smokescreen to stop people from buying it, but they’re also the constitutional currency of the United States. And it was so for a reason.
The Founding Fathers understood completely that paper money would eventually be destroyed. And here we are at the very last days. I mean, I think you’re coming to us as someone who’s saying, you know what, the house is already on fire. And I’m trying to be calm about it. Yeah. Because we really don’t have much time if you’re going to protect your wealth. And what I mean by that is that you’re. You may have the largest pile of dollars in your neighborhood, but when that won’t buy anything, what does that matter? Yes, sir, you’re right. I mean, to, to amplify your point, which is a fantastic one, Jack, is you look back to when, when gold used to back our currency.
You know, pre 1913, when the federal Reserve came into effect. Right. So back then you could have a $20 bill or one ounce of gold. The one ounce of gold had a $20 face value on it. Right. You could go to Sears or Woolworths or the bank, whatever stores were around back then and either give them a $20 bill or one ounce of gold. It did the same thing. Right. So the question then we need to ask ourselves is, well, what does $20 buy you? So back then it would have bought you a finely tailored men’s suit, a shirt, a tie, belt, and shoes.
Right. Fast forward to today. 20 bucks. Well, you’re lucky if you can go to Chick Fil a on date night. Right. It’s like, okay, yep, yeah, I mean, it’s probably going to be more than that. But one ounce of gold at $4,000 an ounce still buys you a finely tailored men’s suit, a shirt, a tie, a belt and shoes. Right. It’s maintained its purchasing power. Always look at metals as an insurance policy against a collapsing dollar. The growth that we get, like Silver’s up from 17 to 51 basically in the last four years. Gold is, is up, well, just year to date, 48% silver year to date, 72% year to date.
The growth that you get is the icing on the cake. Right. But, but really the ultimate goal of owning metals is to protect and preserve your wealth. It’s the best protector against inflation that you could have. Absolutely. I’m going to show you one quick chart. I don’t want to hold you up too long, but this is, this is something that most people, and you just brought the point out, don’t understand about these metals. And that is that, you know, a fiat currency or a paper based currency that has no attachment to anything that’s of much value, and it doesn’t even include oil anymore because other people are using other currencies to buy oil is that the prices start to mess with your head.
You know what, what does it mean that prices are rising? Well, it means something else. And I’m going to show you this chart here from a site that maybe everybody needs to invest in one a little bit of time, pricedingold.com where they show you what prices are like if you were actually going to buy them with gold. And this is example of how as the dollar’s value goes down, the price of things in gold. Follow. I’m sorry, right. As the dollar value goes down, meaning inflation goes up, the price of food in gold goes down. In this case, this is food.
But you can find this site and you can price everything. Who would imagine that even now when we see outrageous inflation in food prices that, you know, since 1990 we had a little bit of a rise but they began to fall and they continue to fall into 2025 when priced in gold. And what that means is if you were buying your food with gold rather than with fiat dollars and the American dollar, then you would have not noticed anything except wow, food’s getting a little cheaper. And that’s the situation we’re in right now. There’s so many things that we could continue to talk about.
I, this is the kind of show I’d like to spend about two hours with you, but regardless, I’ll let you make some closing statements. But I want to say, you know, I’m very excited about working with you as an, as our new affiliate partner. And I think that people listening to this right now can feel very comfortable that this gentleman knows what he’s talking about, that he understands the markets and what we’re in right now more so than he’s even saying and that he knows that what I said is true. The house is on fire. And this is not to scare you.
And you know what? People get tired of hearing people trying to sell gold, silver, anything. We’re not trying to sell something here. We’re basically saying, listen, we recommend if you want to maintain some of your wealth, you should probably start buying some gold and silver asap. Agreed, Agreed. I mean, you couldn’t have said it better myself. So you know what people don’t often understand is yeah, you can just do, you can just send us a check, you can wire the funds, you take delivery of it at home, if you don’t want it at home, for safety reasons, whatever, we’ll store it at the depository, we can set up an account for you.
You can own physical gold and silver, thousand ounce bars 100 ounce bars. 10 ounce bars, right. Gold in an IRA too. It’s just a tax free IRA rollover. So if you’ve got assets in paper that you don’t like, you’re not. You think that the stock market’s overvalued. You know there’s a correction coming. The dollar is collapsing. Right? Well then just roll it over into physical metals. I’m not talking about ETFs, mining shares, mutual funds, whatever. That’s paper. That’s just a stock. Buy physical metals. And then Trump on August 7th signed an executive order called the Democratization of alternative assets in 401ks.
So that becomes effective 180 days after the signing of the executive order, which was August 7th. So fast forward first week in February, direct and indirect ownership of commodities will be available in your 401k. What’s a commodity? Gold and silver is one. What’s indirect ownership? Mutual funds, ETFs. What’s direct ownership? The physical metal. So Trump just opened the door in that executive order for people to be able to buy physical metals. And he also opened the door to cryptocurrency. He opened the door to real estate in 401s. It’s like Trump is the champion of financial freedom and allowing us to make our choices rather than somebody making choices for us.
Right. Which is amazing. Now what that does, we’ve already talked about silver running out. It opens the door to a $12 trillion 401k market that never had availability of this before. That’s massive demand. Prices are going to go up. But I’ve had clients call me over the last two weeks and said, kirk, what can I do to prepare for that? It’s like, you know what, if you’re working for a company and you have a 401k and you’re older than 59 and a half, you can already roll it over into an IRA. Beautiful. You don’t have to wait till you retire or you get fired, but you can do it now.
But you have to be older than 59 and a half. So if you’re under 59 and a half, sorry, can’t, can’t help you. Because the 401k is actually not yours. You don’t realize it. It belongs to the company. It’s their plan. You happen to be the beneficiary of your plan. So they don’t offer physical metals. But you’re older than 59 and a half. You roll it into a traditional IRA that’s portable, it’s yours. You make the choices and you can go into physical metals. So anyways, those are options for right now. If you liked what Jack and I were talking about, you can call us.
I mean, if you have questions, whatever, we’re here to help. In fact, any of our sites now have banners for your company up and they all will link you properly. And we appreciate it, you know, that you go there that way because that helps us too, and it doesn’t change the price of your gold and silver. So, you know, everybody benefits. And then, as we all know, this is a situation in life where things are getting harder and harder for everyone. So we take care of ourselves. But, you know, we. We didn’t spend much time talking about the nature of, of where gold and silver came from.
I’d like to pursue that with you in the future. We have, you know, we have great men in America who said so many things about gold and silver and people like Ron Paul says, shall we have gold and political freedom or shall we have paper and political tyranny? These things are all related as well. So, you know, if you’re a person that’s coming to my Patriots network or one of our sites like the cspoa, you’re. You’re interested in political freedom and you want to live on your own. And gold and silver were a part and parcel of the Constitution, the same way the Bill of Rights are.
They are a way in which you maintain freedom from the connections and trappings of those who would control how and where and what you spend and the value of what you’re spending. So every day, when you get a dollar bill from your employer that’s worth less tomorrow, so it buys less. Yeah, I think this has been a fantastic talk and I appreciate you being here and anything else you’d like to say otherwise, we’ll just recommend. Yeah, that’s it. Just give us a call if you have any questions. Don’t ever operate out of fear, but out of courage and sound mind and logic.
Right. And that’s where we are right now. We’d love to help you out. Just give us a call and we’ll go from there. Thank you, Dr. Elliott. That’s kepm.comcspoa but any of our sites have them there as well. So thank you, sir. We’ll see you next time. We’ll see you. Bye. Bye. Bye.
Silver and Gold are nature’s. currency.
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