Tag: passive income

Wealth Creation Course: How To Invest In Gold Like The Top 1% | Jerry Fetta

Jason 0 Comments April 9, 2024 Retire Wealthy Retirement Planning

Alright, welcome to our FinanceFriday weekly course. I'm Jerry Feda, the owner, founder, CEO of Wealth Dynamics and I'm coming to you live as I've done every Friday and I've been doing this course actually four years on the. Okay, so four years ago, Friday, today, was the first time I ever did a finance Friday course. Isn't that cool? So, we've been doing this every week since then but the goal of this course, if you're just tuning in, the goal of this course is to spread financial literacy. Okay, the goal is to help you understand the truth about money, to be able to apply it in your life, to be able to build wealth and financial freedom, and so when I first started doing these, that wasn't something that really existed for me as a kid growing up, as a entrepreneur, as a business owner, that wasn't something that I naturally had access to, right? And so, as I started learning more and more about finances, I was like, man, more people need to know these.

So, my company, what we do is we help families, individuals, entrepreneurs, business owners, it doesn't matter, we don't care what shape, skin color, size, country income, whatever. We're going to help you. We want to help you learn about finances and and improve your life financially, right? So, we're going to talk tonight about gold and silver and how to buy those the right way, how to buy those like the top 1% by them. Um and it's something that I've been doing for for several years now. Before I dive into it, some things I hit every week I'm going to cover really quickly.

First thing is I want you to make sure you got a reason for being here tonight. Okay? What is your purpose for being here? Right? We're talking about gold and silver on a Friday night. It's 10 PM on the East Coast. Like you gotta have better things you're going to be doing with your time. Why are you here? Okay and if you don't have a reason, you might as well not be here. You might as not well not be watching. So, what made you come onto this webinar tonight and if you don't have that, I want you to pick that. If you do have that, I want you to look at it really quick. Make sure you've got it. Friend of mine as we go through this. Second thing is, I want you to get rid of the idea that this can't be learned about.

That money is complicated, finances are too hard. Guys, it's all just basic math and vocabulary. So, if you can add, subtract, multiply, divide, and use a dictionary. You can finances. right? The only time finances become complicated are when banks on Wall Street get involved in financial institutions get involved and they add these million dollar words on top of basic mathematical concepts so that we feel like we need them. Right? That's a manufactured process. That's not really how money works.

The wealthy people that I know, they speak about money like they're five years old. Simplest concepts in the world, right? So, I want you to get rid of the idea that money is hard. It is just basic math and vocabular on that note, if I go over anything tonight that doesn't make sense to you, I want you to ask me right away. Okay, you can ask me in the chat, you can ask me in the comment, if you're watching the replay, still ask. We'll answer the comments on YouTube and Facebook and wherever after the fact, we'll still help you out. So, make sure that you're asking questions. We will go live throughout and answer your questions. If you're on Zoom, if you've got the microphone, we'll mic up and we'll talk, right? So, we'll go over your questions live on Zoom.

Second thing is, you've gotta get rid of the idea that you know it all already I can't learn something if I don't think there's anything for me to learn. Right? Nobody likes to know it all. Okay and there's no such thing as a know it all. The reason why nobody likes a know it all is because nobody likes a liar. I know it all is a liar. There's no such thing as somebody that knows everything. And anyone that tells themselves that is foolish **** Right? And I know that's not you guys. So we gotta get rid of the idea that I know this all already. I've heard this already. You know repetition is is where certainty comes from. The more times I do something the better at it I become. Okay so then might be part of that for you tonight. If you're brand new, this is probably going to be information you've probably never heard before. If you're a client, this might be a spin on it that you've never heard before, right? Okay, and then the final thing is I want you to think about how am I going to apply the information here tonight, right? I'm a producer, not a consumer.

Right? So, I'm here tonight to get information, not just to get mentally obese, and, and, and consume but never use, right? But for me to actually use and apply the information, to burn it off as fast as I can, as soon as I can to use it and put it to work, right? So I want you to think about that as we're going through this, okay? So, I want to talk about and silver. Now, this course is not going to be about why you should buy gold and silver.

I've done that course already and and I'll just quickly in a few sentences, I'll tell you why. Number one, it's the oldest, most reliable store of value known to mankind. Gold has been around for 6000 years. It's been valuable to mankind for 6000 years. Um we still use it today for banking, investing, all sorts of things. You can't say that about any other store of value.

Right? Especially when it's versatile as gold. It doesn't expire. You can you can sort the gold that we have today. It's the same gold they had 6000 years ago. Right? You can't say that about oil. You can't say that about anything. Okay so so that's one of the big reasons we use gold. The second thing is it's literally the most useful metal on the planet.

Right? If you're watching this on an iPhone your iPhone wouldn't work without gold. Every iPhone has gold in it. Right? If you have if you have internet connection. That satellite up in outer space that that that they use for that type of thing wouldn't be up there if it wasn't for gold. Gold is used in aerospace. It's used in electronics. It's used in technology. It's used in dental. It's used in so many it's the most useful metal on the planet. Okay? Not only that, it's used in banking. Our United States Federal Reserve Bank currently owns half a trillion dollars worth of gold. They're the number one owner of gold on the planet. Number one issuer of debt and number one owner of gold. Want you to think about that? Right? We and and right now the statistic is only 12% of Americans own any gold at all.

So it's not even like like most people have a little bit. No no no. Only 12% have any at all. Right? So, we're talking about the oldest store of value, the most valuable and useful metal on on the planet and something that, that, that, you know, the, the number one owner of it is the Federal, the Federal Reserve Bank of the United States of America, okay? So, like I said, I'm not going to go into tonight on why we should own gold. I'm going to talk about how? What are the mechanics? Okay, what are the things you should know? I bought my first silver back in 2016. Okay, I actually bought it from Matt on this webinar. Okay, from, from Mint Builder. Back then, it was called a different company but that's where I bought my first silver.

Okay, and then I started buying gold. So, this was back in 2016. It's now twenty twenty-two. That was what is that? Six years ago? Right? So, I've been buying gold and silver for 6 years. Now, when I first started buying it, one of the things that I was confused about is what should I be buying? Okay, and I'm going to some of these things out tonight. I remember one of the first conversations that I ever had with somebody about gold. It was from one of my mentors and he said, hey, when you're buying gold and silver, there's two different kinds, okay? And I'm going to sketch this out on the screen. So, the first thing I want to teach you about gold and silver tonight and how to buy it is you have two different sides of the house. You have what's called bouillon. and you have what's called numismatic Num Numesmatic. Okay? Now, one of my mentors when I first started, he told me one of the most helpful things in the world.

He said, there's a difference. There's this stuff called Buy an and there's this stuff called pneumismatic, okay? He said, numismatic is gold and silver in the form of art. Okay, collectible coins, commemorative pieces, things that are rare and and they have a value to them, not just the gold and silver but the art value of them. Right? So, there's like the and he said then there's also buoyan. This is literally just pure metal.

Nothing special about it. You're literally just buying the the gold because it is point nine nine nine pure. Right? It's ninety-nine point ninenine nine% pure gold. There's no collector's value. It's not special. There's nothing great about it. It's not rare. It's not unique. Right? Same same gold you get. Excuse me. Same gold you get anywhere. So he told me and this was something that I learned earlier and he told me when I first started I didn't know the difference. So I thought I was buying booyan but I was actually buying pneumismatic. And so you know For those of you that are are in the gold and silver, new mismatic typically is going to be a higher initial price. Okay, and the reason why is you're paying for not only the bullion, you're paying also for the significance of the art, right? For the, the, you know, the significance of it, for the rarity of it, right? Whatever those unique factors are that make it commemorative or a collector's item.

So, you're paying for that in addition. The medal, you're only paying for the medal. So, he didn't know the difference between the two, someone told them, go buy gold, go buy silver. So, he went to a coin shop and the guy was like, well, buy these and the reason why is you could sell them at a higher price, okay? So, my my mentor at the time, he was like, you know, I I didn't know this, not to say pneumismatic is bad, but when I went to go sell it, I was selling it in the new mismatic market, and I didn't know that. So, he was buying what he thought was buoyan, but really it was a new mismatic. It was a collector's piece. He was selling what he also still thought was Buy in, but really it was a new mismatic.

So when you do numismatic, you're paying a bit more to get in, right? And then you're also going to sell it for a little bit more because it has the potential to be more important, more significant, etcetera. He didn't know that. So, he bought an expensive coin and then he sold it at the cost of bullion because he was selling it at I would say that this middle category looks like this. right? So, the middle category, let's say this is down here. This is like minted, right? And when I say minted, technically, yes, all of it's minted but I'm saying buying it from the United States Mint, buying it from the Canadian mint, buying it from, it's not numismatic, but it almost is.

Right? Cuz I could go to like, for, for example, if I'm buying bullion, I could go buy silver coins, silver rounds from Sunshine Mint. They're not government regulated, they're not, they're not housed by a country, it's a private mint. Now, they still sell good product. It's still pure. It's legitimate but because it's not the United States man and it's not a US Silver Eagle. I'm not paying the premium for it. You see that? So this is pure buoyan.

Then we have numismatic and then we have specially minted which is kind of in the middle. I'm going to pay more for a silver eagle even though it is just a piece of silver. It's created by the United States men. I'm paying for the brand. I'm going to pay more for Canadian maple leaves. Why? Because I'm paying for the brand. Okay so when I first got involved I didn't know these things either. Right? And so a lot Luckily, you know, I I got hooked up with Matt and Mint Builder and so he, you know, I got directed immediately, okay, this is Booie and you want Booyan. They sell newismatic but they were clear like, this is numismatic. You know, and so you, if you want to do the collector thing, you get the new asthmatic. If not, you do the bullion or there's the minted stuff. And so, I learned this upfront but those are the three categories you need to know about first if you're buying precious metals.

Now, the purpose of buying precious metals, the purpose of it is to store value. Okay, so the number one thing you need to know as a a precious metals purchaser is this is not an investment. Okay, it's not investment. it's not going to pay you an income. It's not something that you you buy like a stock or or a piece of real estate and you trade it around. It's a store of value. Okay, the reason why people ever first started using gold is they were sick of bartering. So, they needed a medium of exchange that would retain its value that everyone agreed upon was valuable. If you take gold to the the Amazon Desert or the Amazon Jungle right now and you show it to someone down there that's never seen it before, they're immediately going to see that it's valuable. we just know, right? You look all the way back at at Pharaoh's. They collected gold.

You look at kings, they collected gold. Everyone has always agreed on the value of gold, right? So, even today, like if it wasn't valuable, why does the Fen have half a trillion dollars in it? Why? Why is Russia loading up right now, right? So, everyone agreed it was valuable. Think about this. Everyone liked it. Everyone used it. Everyone that was willing to accept it. It didn't expire. You couldn't create more of it. Still true to this day. Like, it's the medium of exchange. And so because of this, that was the purpose of gold. I produce wheat when I go to the market. I don't want the wheat to expire. I'm going to trade it for gold. Right? And then when I go to the market, I've got gold.

I can go buy everything with the gold. Anyone that I talk to will want the gold. Right? Instead of the the coincidence of needs. If I bring the wheat to the market, I'm only going to be able to get a deal if you want wheat. If you don't want wheat, I'm out of luck. I need to go home with my wheat and hope that I can use it before it all goes bad. Right? So got rid of that because I could just take the gold and everyone was willing to have it. right? So, so that's what it is. It's a store of value. It's something I buy. I keep for the period of time that I'm going to keep it for and then I I put it to use. So, either exchange out of it, we'll talk tonight about being able to borrow against it, being able to lease it out for income.

There's a lot of things you can do with it but it's not an investment, okay? It's a store of value, okay? So, I want to I want to drill this in. Now, here's the process I want to go through. I'm going to just draw this out. Now, when we're buying gold. Um it's important to know where it comes from, right? So, I'm going to clear my screen here and just kind of type this sequence out. So, the first thing is gold gets mined, right? It gets mined out of the ground, okay? And so, people will dig for it. They'll, that's, you know, I'm from Alaska, the the Alaskan Gold Rush, the Klondike, right? Everyone found out Alaska had gold and they're like, man, that's when back when when gold was the the Bitcoin of the day, everyone's like, man, I'm going to get rich mining gold.

Most people didn very few did, right? But everyone rushed up and they mined it. Today, people still mine gold. So, this is where it comes from. Now, you have to realize when gold gets pulled out of the ground, it's in a bunch of rocks and dirt and residue and other metals, right? So, a miner, when they pull gold out of the ground, they're going to pull it out and they're going to sell it to a refiner. Okay? Now, you have to realize, I'm just going to change this to minor. We'll just go with the titles here. You have to realize that every time someone touches gold in the in the sequence of it going from its destination into the hands of you and I, the purchasers of it, the ones that are in a store of value in it.

Every time someone gets involved, it increases the price. Okay, no different than anything. Like, when you buy your your food at Costco, there was a bunch of middlemen that touched it before it ended up on the shelves at Costco. And the more middleman there are, the more costs you pay, because each one of those guys has to get paid for touching it, for being involved.

So, the mind they dig it at the ground. They have their cost. They want to make profit. They sell it to a refiner and they sell it at a profit. Okay, so the refiner pays more for the gold than the miner actually put into it so that the miners can be profitable. The refiners, what do they do? The refiners, they basically are refined. They purify. They get all of the other metals and dirt and and additives out so that there is just pure gold, okay? Now, they're just going to get it in in bricks. They're just going to get to the point where it's refined.

It's in these giant bricks. They're going to sell it, okay? The refiner is typical going to sell it to a mint, okay? Now, what does a mint do? A mint takes this giant brick and they turn it into little bars and rounds and coins and one ounces and ten ounces and five grams and all of these different things. Now, they also certify the purity of it. They use something called an assay for this. They certify the purity of it, the weight of it, and make sure that it meets market standards, okay? So, the mint buys from the refiner and they mince the gold like when you mint the coin, you're stamping it, you're putting your little logo on it, you're creating, you know, the coin that's the perfect circle and the perfect weight and it's got the perfect blend of material So, that's what happens at the minute.

Now, when the refiner sells it to the mint, the refiner also sells for a profit right? So, the mint pays more for the gold than the refiner paid. The refiner pays more for the gold than the miner paid. Tracking so far, each one of these guys brought the price up. Okay, what is the the mints do? Okay, the mint sells to a wholesaler. Right? So, this is another group. So, mints don't sell the consumers. When you guys are watching the gold market, who's ever seen the the it's called Spot when you see the pricing and it's called Spot Price, okay? The only ones that buy a spot is the mint. Right? The mint is paying spot. They're they're paying literally just the value of the month because that's all it costs them, right? Now, when a wholesaler buys it, they're going to pay more for the gold than the mint pin.

The mint is not going to sell the gold to a wholesaler at a loss. They're going to make money on the deal, right? So, the mint charges a little bit more. The wholesaler is required to buy gold in volume, right? So, for example, in the US Mint, I think the minimum to buy silver, I think is like a five-million-dollar minimum. They're not going to sell you silver eagles as a wholesaler if you're not going to spend that much money. That's how the mint makes the money because there's these thin, little, razor-thin margins on it. So, they're going to sell a bunch of it. They want to sell gigantic amounts. So, these wholesalers, they have requirements on how much volume they're going to purchase, okay? Now, the wholesaler when they buy it, they're going to sell it, typically to a distributor, okay, a distributor is typically going to sell it to a broker or a dealer, and then the broker or is going to sell it to a end buyer.

All these guys make money, right? So, the mint, they charge a little bit. The miner, they charge a little bit, right? The the refiner, they charge a little bit. The wholesale that they charge a little bit. The distributor, they charge a little bit. The broker, they charge a little bit, then the end buyer, they pay everyone's charge. That's why when you buy gold, you're not paying spot. You're paying spot plus one or two, or three, or four, or 5% on top of that. So, this is a, this is where gold pricing comes in. So, when I was buying, I was the end buyer and, and I would even I would even go further than this. I would say there's maybe even another step. Oftentimes, there might be a retailer, right? A retailer might buy from a broker.

You go to a coin shop, like a a physical location. A lot of times, they're buying from a broker, okay? So, if I'm paying retail, I'm literally buying the most expensive gold and silver that I can buy. Why? Because all of these people had to take a fee. Okay? Now, before we get into the fee thing, let me let me stop my screen share. Before we get into the the fee thing, and again, if you guys have Questions, dropping them in the chat. We'll answer questions periodically here.

Before we get into the fee thing, this is not a rant about never pay fees, okay? Never pay fees if you're not getting value. If you're getting value, great. Like the fee is is equal to the value you're getting? Awesome. Okay? So, so that's something I'm okay with. Now, I'm not okay for with paying a fee where I don't get anything. Nobody likes that. Right? So, so when I pay a fee, I want to make sure, okay, I'm getting value and so if I buy gold from a retailer or from a broker and they're charging a fee, other than the commodity of gold that I can buy anywhere on the planet. What else am I getting? That's what I'm asking myself. Because gold literally is a commodity. A commodity means it's the same across the board.

Everyone is going to have the same price. Everyone's got the same thing. And so if you're more expensive it's like why am I paying you more? Right? So that's what I'm looking at. So this is not poverty mode. Never pay fees. you know, screw profit. Everyone should lose money in business. No, this is not that. Right? That's stupid. Right? This is if you're going to pay a know what it's for and know what you're getting in in value and benefit, okay? So, I want to answer some questions really quick.

By the way, if you're on this webinar live, you're probably going to get reached out to from Nano. Nano works on my team. He's our our client acquisition manager. So, he's reaching out to connect with you, answer questions with you. One of the things that he'll discuss with you is my book, Blueprint to Financial Freedom. So, if you've not read this, this is a fantastic step-by-step pathway on, okay, how do I build wealth? Where do I start? Where do I go from from point A to point B. There's an entire chapter in here on gold by the way. Okay, so Nano is probably reaching out to you. Um if you would like to get a copy of this book, Nano can get it to you. He can also get you a free consultation and help you get through the book as well which is awesome. So, I want to open this up for some questions really quick. first one is from Mark. Let me bring Mark on live.

So we got a question from Mark Perry here. Alright, we should be live with Mark. How are you today, Mark? Hey, Jerry. How was nice to hear your voice on these trainings on Friday. I look forward to it every week. Uh my question is in regarding to gold and silver bullion bars. And I I've been noticing a lot more that the brand that that mince the bars. Is it big disparity in prices according to the brand and I'm I'm not sure why there is and it doesn't even matter when when purchasing if you know one brand versus the other and and why it's such a big price difference when buying bars especially in big amounts like 00 ounce silver bars or ten ounce gold bars. Yeah that's a really good question Mark. And I I saw the same thing. So when I first started buying gold and silver while Marcus saying is you'll see different brands right? Um so for example you know what what's one of them? Like like Pam Swe PAMP Suites like Pamp Swiss. They're going to be maybe a little bit more expensive and it it literally in most of these cases, I'm not going to say all of them.

In most of these cases, it literally does just come down to the brand, right? They're selling the same one ounce of gold. It's the same purity. They're just saying, you know, we're we're the Gucci of gold. You're going to pay more because of our brand. You're going to pay more because you know, you're doing business with us. So, that's that's really where that comes in. As long as you're buying from legitim and reputable, you know, dealers, and this is where it comes down to who you're buying from, because they, they can counterfeit. There can be false, you know, fake gold and silver. So, if you're buying from a, you know, a pawnshop and it's like, man, I could get that really cheap piece over there. There's a chance it could be fake, right? And the way that they do fake gold is they'll actually use tungsten.

It's a very cheap metal and they'll just coat it in gold and you'll have no idea, right? You'll think it's gold. Now, if you peel the gold coating off, you'll find out it's just tungsten, right? So, When you're working with a dealer, you want to make sure that that is a dealer that you know is reputable because the dealer is the one that needs to inspect for quality that they're not giving you bunk product and that you're getting something good. Now, if all of that's the same, then, go with the cheap stuff, right? I have a my buddy, Matt is on. So, Matt owns Mint Builder and we have an ongoing joke that that he goes for the cheapest like when he's looking to sell bullying to clients, he looks like, okay, what's the cheapest price we can get? Sometimes, they'll send out Christmas bullion, right? Like it's a gold coin and got a little Christmas decoration on it. Still point99 nine pure.

One ounce of gold, like one gram. Same everything. But because it's a Christmas decoration and it's like not the sexiest thing in the world. Right? Like it's cheaper. And that's simply because the aesthetic of it and it doesn't have the collector's value. I want the damaged stuff. I want the scratch stuff. I want the Christmas coins. I want the stuff that's got a little bit of that that brown residue because it got oxidized.

Because that's the cheap stuff. And at the end of the day it all melts down to one ounce and it's still point nine nine nine pu and so as long as I know that about it, then, I don't care who it's from. Now, Mark asked another question which is a good question about denominations. He said, you know, if you buy bigger bars, it gets cheaper, That actually goes back to, I want to go back to my my little drawing here. That actually goes back to the mint, right? So, if you think about when when a mint buys like, you know, a 400 ounce bar of gold from a refiner or one hundred ounce bar gold from a refiner and they're like, okay, we're going to cut this up. We're going to melt it down and chop in the product. The smaller pieces they're making, the more money it costs, right? Because it's more, it's more doing this. They've gotta chop it up into more, it takes more resources, it takes more machinery, and so, when you buy like a one gram or a five gram, that piece of gold is going to cost more per gram than buying a, you know, ten ounce bar and the reason why is that ten ounce bar doesn't take as much, as much resource to make.

It's a larger cut, and so they, they can do it quicker, and it's a lot less work, and it's a lot less money for them, right? So, that's one of the tricks of the trade that we'll get into is how do you buy the right denominations? By denominations, I mean the right amount of ounces. Okay, if I buy more ounces, I'm going to save more money and it's not just more ounces like like if I buy ten, one ounce bars instead of twenty, it's it's if I could buy A 20-ounce single bar. Instead instead of 21 ounce bars. That single bar, that twenty ounce single bar is going to give me a lower overall price because it cost them less to manufacture it. So, that's an excellent question for Mark And that's that's a seasoned question. You can tell Mark is a a gold and silver guy. Um just by knowing to ask that question. Good question from Mark there.

Let me see what else we have in the chat before we jump back into this. Good to see everyone on tonight Looks like some good good communication going on with Nano. Um and it looks like Matt actually has more of a comment. Let me bring Matt on really quick. Hey, Matt. What's up? Hey, hey. Yeah, I know I was just making a comment about, you know, when he was, that was a really good question he had. You know, he was talking about the, you know, the the bullying, higher prices, and this has been something in the last 15 years that we've dealt with as a wholesaler and that is that, you know, should I pay premiums especially when it comes to government minute versus private minute. You know, I feel like I can trust the government more than I can trust the private minson and you know, it really does come down to what are you looking for but I think what you, I think you covered it pretty good but just an example the the Gold American Eagle is literally only ninety-one point I think six 7% Yeah.

Gold versus the private man. We there's tons of highly reputable you know private mens you can trust and they're like 9-9. 9 or 9nine pointnine nine percent pure gold. So for me personally I'd I'd be going for for that versus just to be able to pay that higher premium. Same with silver. The the Silver American Eagle. Uh you know right now the premiums are skyrocketing. You're you're talking like sixteens you know dollars over spot for an ounce of silver just so you can get you know, an American Silver Eagle. Well, that kind of starts to lean towards more towards the new Mismatic side. We were talking earlier. So, yeah. Yeah, that's a good comment. Um and and actually, Matt's, Matt's totally right on the Silver Eagle and the American Eagle. So, what Matt was saying with that is, when you buy a a gold eagle from the US Mint, you're only actually getting about ninety-one, 92% actual gold. The rest of it's alloyed in with other metals versus, you know, buy like a if you bought one ounce of gold like from us for example where it's like you know Valkambi or it's one of these other brands.

Sure it's not US men but you're you actually are getting 99. 99% gold. You're getting more gold than you actually get at the US Mint. So it's starting to become more of a collector's item of commemorative piece. Um and and so that's that's something especially in twenty twenty. We saw the US mayor really get you know hit. They started to go by the wayside as far as quality, purity, speed, all of those things that matter when buying bullion. So, good point from Matt there. Let me see if we have any other questions here before we jump into the next part of this. Good. I think that that's all the questions right now and again, if you have more questions, go ahead and drop those in the the chat Uh Mark adds, I noticed that the more attractive bars are are sold at a higher premium than the non-attractive, Asahi, Englehard.

Yeah, exactly. Um Mark, you want the ugly stuff? You want, you want the the red-headed stepchild of the litter because at the end of the day, like, if you're buying it as a store of value, it's not jewelry, it's not collectors, it's kind of like we talked about with the lending last week, like if I am buying a a home that I know I'm going to sell or finance out, I don't care that it's not pretty. I'm not going to live there, it's not mine I'm not I'm not the landlord. It's I don't have any pride of ownership. It's literally just an interest payment, right? And so, same thing with gold, it's just a commodity. It's something that I'm just looking at. Where can I get the, the best deal for the right premium, for the right product, and also, there's other factors we'll jump into as well.

Justice as I'm improving my situation by watching FinanceFriday while making adjustments to my Glock 19 and Bergara 6. 5 Creedmoor basic dude stuff. Those those are the other kind of precious metals Justin. Um that's Justin on on our Facebook, our Facebook feed. Um good. So, let me jump into the next part of this. So, we're talking about how do we, how do we get the best pricing, right? So, I was buying here. I was an end buyer, right? And I was buying from retailers and I was buying from brokers and when you buy from a retailer, you're typically going to pay 3 to five percent more than than market.

If you buy it from a broker, you're going to pay about market, mean all brokers pretty much are going to be the same. Like you're you're arguing over half a percent better on one versus the other, right? So, at the time, I was like, man, how do I buy cheaper gold? You know, how do I buy cheaper gold? I was storing it at home so it wasn't like I had all these storage costs. I wasn't really going to sell any of it. So, I was like, I need to figure out how do I get a lower entry price, okay? So, what I did is I bypassed the broker, the retailer, the dealer, and the distributor. I got rid of these guys. And became a wholesaler. Okay, I started buying at wholesale pricing, right? And and so, what this does for me is it saves me, you know, one, two, three, 4% on the purchase versus what I had been paying at, right? Because I know that gold is going to make, you know, what, 8 to 10% per year over the long haul.

That's what it's done but if I can save, you know, one to maybe 3% in fees on purchasing it because I don't have to pay the distributor to touch it. I don't have to pay a broker to touch it. I don't have to pay a retailer to touch it and I can just bypass them and get the same price that the wholesal are paying. Like when a wholesaler buys it from a mint, they're paying a little bit more than Spot. They're paying, you know, like, like for example, ounce a gold, right? An ounce of gold, they might pay 30, 40, $50 over spot. Versus retail, you might pay like 2% over a spot, which is a lot more, right? So, I want to look at how can I get wholesale pricing.

So, that's what I ended up doing and so I I did that actually through, it's funny that Matt's on the webinar, through Matt's company, Mint Builder. Okay, so what this is, is basically, the way that you do this, is it's a membership right? So, it's a membership. Just like for me to be a wholesaler in the industry, it's a membership. It costs money. I have to go through an application process.

I have to get approved. So, what Matt's company does, what my company does is we took our wholesale status 'cuz we actually are buoyant wholesalers. We're in the buoyant industry. We buy from, you know, wholesale connections, mints, like all these different relationships. So, we're able to get the best pricing and we basically said, pay us a membership and we'll pass our pricing through to you, right? Like, you can go into our shop, you can pay the same thing we would pay, and, and you're going to be able to get the best pricing, and so that saves me that one to 3 percent on the front Right? That's a big deal, right? Because here's the thing is before I was doing this, I was trying to shop around and get the cheapest thing and I talked about this a couple weeks before, right? I was trying to shop around and get the cheapest thing.

Well, when I'm shopping around a bunch of different online dealers, like I said, they're all like, you know, five bucks, 10 bucks, 15 bucks, 20 bucks, a difference. And so, if I'm spending hours and hours and hours and hours and hours trying to find the best deal to save $20 on an ounce of gold, like, that's not worth my time, and so I found myself getting caught up in that as a gold buyer, I was spending a lot of time trying to find the best deal on this and that, and then I would be like, man, I just spent an hour and I saved 20. I might as well be delivering pizza again, right? Like, that's the equivalent of what was happening. So, what I do now is I just have a membership. I pay my monthly membership and I go into my wholesale shop and and I basically, I just go in and I buy whatever I want to buy and I pay wholesale pricing.

Right? So, that's the first component of this. Like, you want to obviously understand precious metals and then, you want to be able to buy at the very best pricing. These are the first two points of being a gold and silver purchaser, right? So, if I'm buying a store value, I want to know how it works. I want the education, I want the information, I want the connections, and then, I want the best introductory pricing the best purchase price, okay? Now, the other aspect of this is, okay, well, I've bought it.

Now, what? Right? Now, what? And so, when I buy it, I have to store it. It's not digital. It's not a piece of paper that goes into, you know, some some custody company in New York and they never give it to me. No, no, they're going to send it to me and I'm going to store it or they're going to send it to a vault for me and I'm going to store it there and I'll pay for storage.

So, gold appreciates, meaning it can go up in price. Later on, it can sell at a profit but it does not pay me an income and this is this is why I say it's not an investment. It doesn't pay you an income. This is one of the fundamental flaws with with trying to treat gold as an investment. It doesn't pay an income. Now, if it doesn't pay an income, but I have to store it, that means it does have a cost. Right? It's either going to have a cost or it's going to have a risk. And what I mean by that is I'm either going to store it myself, which is free, but there's risk there. It could get stolen, it could get, you know, I could have a fire, and it could get melted and damaged, you know, it can get misplaced. Um, all sorts of and so there's going to be a risk there.

Even if I store it at home, I'm going to pay for a for a safe and I'm probably going to pay for insurance. So, there's still a cost there. If I send it to a vault, there's no risk. There's nothing is going to happen to it but there is a cost of storage, right? So, what this means is while I'm holding the gold and it's appreciating, there's going to be a holding cost. And that holding cost is not being covered by income. So, it's a negative cash flowing asset in that regard, okay? So, it might be appreciating at eight to 10% a year but in storage, it might actually cost me 1% a year in actual dollars that I have to pay to somebody for them to store it, right? And that or that 1% of in in in dollars is not being compensated until after I sell it on the back end, right? So, this is the other thing is, okay, so when I'm storing, I also want to be able to get wholesale pricing.

This is one of the keys. I want to be able to get wholesale pricing when I sell. I want to get wholesale pricing when I store. I want to get wholesale pricing when I buy. So, we talked about buying. We talked about selling. We or we haven't talked about selling. So, we talked about storing now, okay? So, when I store, I'm also then looking at where can I get the best deal on storage? Okay. Now, when I'm storing gold, if I'm sending it to a vault, which is what we're going to talk about here, there are couple of things that I'm looking for, okay? So, I want to make sure that I'm sending it to a legitimate depository vault. Meaning, it's actually a a regulated actual deal. It's not somebody's basement, right? It's not just this, you know, my buddy down the road has a has a retail office space with a safe downstairs, right? Like, it's evolved. So, what does this mean? This means that it is secure, right? It actually has a vault.

A lot of these vaults are state-of-the-art. They've got, you know, like, like so much security that, that, you know, like, earthquakes and different things and these different, you know, even even or a a sorry, these, these, factors of, of, you know, just the atmosphere around it can be detected with the vaults. Right? So, it's, it's something like, you know, secure, it's not going to be able to be broken into, it's not going to be able to be, you know, compromised, they're not lending out. It's something that actually has to be a legitimate storage, right? The second aspect of this is it needs to be allocated, right? Meaning, when I send them my medals, they're actually keeping them. They're not lending them out. They're not leasing them to other people. If I give them 10 ounces of gold, somewhere in their vault, there's ten ounces of gold that says Jerry Feda on it.

Right? And I say this because not all of them are allocated. Right? This is this is the the unallocated bullying is the fractional reserve system at work. I gave them my bullion to store and they're going to loan it out to other people. They're going to lease it out. They're going to make on it. I'm going to pay them fees.

I get nothing. I don't want that. So, it has to be allocated, right? I also want to make sure that it's insured and then, I also want to make sure that it is audited. And usually by a third party. right? So, these are the big ones. Now, the other one you could do is also called segregated. Okay, this is more important if you're doing collectors items. If I send them a very significant piece of of gold or silver, it's important that they give me that exact piece back, right? That's called segregated. Now, if I just send them ten ounces of of gold and it's a generic bullion, personally, I don't care if that's the one they give me back. As long as they give me 10 ounces back, right? So, segregated means they're literally going to pull your gold and hold it separately from everyone else's and when you ask for it back, they're going to give you your very piece of gold Now, again, that's not something I personally care about.

One ounce of gold is one ounce of gold. I don't care if it's a different brand or if it looks a little bit different when I get it back. It melts down to the same thing, right? So, segregated is not as important but it is on there but these are the big form. Secure, right? Allocated. You want it to be insured. You want it to be audited, okay? So, these are the big ones you're looking at. Now, generally speaking, you're going to usually pay retail one to maybe one and a half percent per year of what you're storing. This can vary from everybody like but the thing is is you don't want to pay that much.

If you can get it down below that number, you're going to be able to save money and you're going to have less cost to hold, right? This is no different than paying a management fee on a mutual fund. The longer I pay this fee, the the more the price of bullion goes up, the higher dollar amount that fee becomes. So, I want to get that fee down as low as I possibly can, right? So, that's the storage piece of things, okay? Now, the other aspect of this and and I'm going to jump into some questions again soon as selling.

Okay, this is the dirty little secret of the bullying industry that I didn't know about in till I actually spoke with Matt and his company and they're like, hey, we don't charge sellback fees and I was like, what? What do you mean sellback fees, right? And so, when I started looking around, most dealers charge sell back fees. Okay, a sellback fee means that when I buy booyan, right? Like, think about it. If you buy gold, how many people in your life are going to buy it from you when you're ready to sell? Okay, for me, like my friends and family, they're not people that are like, you know, yeah, yeah, we have 20 grand, we'll buy your gold from you at at spot price, Jerry. Go ahead and sell it to us. That's not, that's not them. Right? So, I have to out who I sell it to. It's not going to be a pawnshop. I know that they're going to rip me off. So, I would generally speaking, I would go back to the place I purchased it from or whoever the the big name is in the market.

I'm going to find online like Best Buyin or whatever. I'm going to look there and I'm going to say, hey, well, you guys buy my boot, okay? So, this is the thing that nobody knows because they don't tell you upfront until you go to sell, okay? These bullion companies usually charge sellback fees. okay? So, a sellback fee looks like this.

When I go to a sell, they're going to look at the market and they're going to say, okay, what's the market? Is there a lot of of bullion available and if there is, then, you know, it's plentiful. We don't really need it that bad and so, we're going to charge a really high fee 'cuz we can go buy it from anyone.

So, if you want us to buy yours, you know, make us an offer, you know, pay us a good fee and they're usually going to charge one to 3 percent. of the sale price. right? Now, that might not sound like a big deal. You're like, oh, that's not huge. Okay, but think about this. When you sell it, you're selling it for more than you pay, right? Why would you want to tax the the harvest? Why would you want to pay fees on on the higher price at the end? You already paid fees to purchase it.

Right? Why would you, why would you also pay fees on the back end? Okay, and this is why the bullion shops do this. If they can buy, they buy a spot, right? So, they're looking at paying spot. If they can buy a 97% a spot, meaning they're buying at a 3% discount and then when they sell they're going to sell it for 3% more than Spot. They just doubled their profit on the same bullion. Same amounts of gold, they're going to make 6% now instead of three. This is how used car dealerships work. Same exact system, right? You turn in your car, you already know you're not going to get a good price for it. You already know that they're going to pay you under market value because that's how they make the profit and then when they sell it, they're going to market up and they're going to charge way more than it's actually worth and that's how they make their profit on the sale. Bullion is the same exact way, okay? So, I don't want to pay those sellback fees ever, right? To me, that's stupid.

Why would I pay to purchase and then also pay to sell. When I'm selling, I'm helping them. I'm giving them inventory. Even if I sold it to them at Spot, that's already a deal because they can't even buy that spot from a Wholesale it. The wholesaler is going to charge them spot plus a fee, right? So, so I don't want to, like, I'm already going to give them a deal at Spot.

I don't want to pay them 3%, or two percent, or 1 percent on top of that just to sell the bullion on a larger number, right? So, I want to show you guys the math on this really quick and then, I'm going to open this up for some more questions. So, let's say that I buy $20, 000 worth of gold. Okay, I'm just going to show you the difference here. Okay, so I buy $20, 000 worth of gold And we'll say, retail And then we'll say wholesale. Okay. I'm going to do this on my calculator so you guys won't be able to see all of the numbers but I'm going to type them out as they go. So both of them I put in 20000 dollars, right? I'm going to buy 20 grand worth of gold. Okay, on retail, let's say that I pay a 3% fee. Which means that I'm only actually going to be able to buy 19, 400 worth of gold, right? So I've got nineteen thousand 400 worth of gold.

Let's say that I sell it or or sorry, I store it in a vault, right? And I, and I keep it there for 10 years, and entire time it's earning an 8% annual rate, right? So, I've got, I put in 20, 000 and I did that times 10 years and it's earning eight percent per year while it's there. Okay, so we're all tracking with this so far, right? Now, 20, 000 in but I paid those fees because it's retail, right? Let's say that I'm also paying storage and my storage is one percent. Okay? And then, at the end of that 10 years, what do I have? Okay, so we're going to look at this whole equation.

So, I put it in twenty thousand, paid a 3% fee upfront, paid 1% annually in storage. I make 8% a year and when I when I sell it, there's a sellback fee of let's say 2%. Okay, they charge me 2% to buy my buoyan back, okay? So, that means that I'm only actually getting 98% of what I'm selling for because I'm paying them two percent to sell it back to them. So, at the end of this, I did make money right? But I'm going to have forty-two thousand one hundred and ninety-nine dollars and eighty cents. Okay, after 10 years, right? So, the difference here, let at Wholesale. Wholesale, same deal. I buy it, hold it for 10 years At 8% a year Okay, but on wholesale, there's no fees. I'm I'm getting my money's worth for bullying. They're not charging me extra fees, right? So, I'm actually getting the true value of what I'm putting in, okay? So, 20, 000 goes in.

Let's say that my storage is is, you know, point 75 instead of 1%. I'm able to save 25 basis points on storage, right? And you can get it down even lower. You can maybe even go. point 5 zero but let's let's just give the benefit of the down and say, I get point seven five percent storage cost instead of 1%, okay? So, what does that do for me, right? So, at the end of because I didn't have any selfies. Or sorry, yeah, yeah, no selfies, no, no, no buy fees, and then cheaper storage. At the end of this, this comes out to 44 thousand three hundred ninety-two dollars and eighty cents. right? So, I made over $2, 000 difference Okay? And that's that's on a very small amount. If you scale this out, this is on $20, 000 put in once. Imagine, like some of my clients, I had a guy send me a picture today and I can't post it here. I wish you could. Like, like, hundreds of thousands of dollars worth of gold. Okay, and this adds up. So, if you look at the, just the scale of this, on a tiny, little 20 thousand dollar purchase over a ten-year period, this came out to over $2, 000 difference.

Retail cost me two grand. Wholesale, I made more than two grand, just because I had lower fees, right Now, if we scale this out and we say, well, what if it was 1 00thousand? Okay, what if it was half a million? Like, what if it was some real serious numbers we're playing with at that point, okay? So, this is how you get the advantage on Bullion. This is, this is literally like you you you're making your money back on on literally just the savings. Right? Same exact purchase, same exact everything. The difference is I didn't have to pay the fees to get in. Okay, I didn't have the same storage costs, right? And then I didn't have the selling fees. Now, storage, let's, let's look at what if we could get that down to.

50% instead. so if I go point 5zero% instead Hope it doesn't look like my calculator will let me do that. I don't want to dink around with this. But you guys get the picture, okay? So, this is, this is how you save money on Buoyan. Now, the other aspect as well, and I'm going to open this up for questions in a little bit. When you're buying from these larger Mark says, you didn't include the membership fees in the wholesale price. Yeah, so membership fees and again, you only bought once, right? So, membership fees for 1 year is thirty-nine dollars a month times 12 months. So, you paid $468 in membership fees. Right? So, we can subtract that out but that's a, you know, if you just have the membership once because you're keeping it there, you're buying it one time and that's it, right? Now, if you're buying ongoing, that's different math but Mark has a point.

So, you pay $460 for one year of membership fees to buy that $20, 000 worth of gold. So, When we look at the other aspect, when you're buying from and this is the last thing I'm going to cover before we jump into more questions. When you're buying from these larger online dealers, right? You know, and I'll go ahead and name a few names, Jambuyen, right? You go there. Some of these bigger shops. When you're buying from them, a lot of times they're selling like, like, at the prices they're selling. You might compare it against them against others and be like, hey, this is this is cheap, right? This is very cheap. The reason why they're selling at some of the prices they're selling at, it's called a lost lead. They're willing to lose money on the bullion because that's not where they their money. Okay, they make their money when you sell it back to them like we covered. They make their money in storage and then, they also make their money by selling your information, right? So, they will sell your personal information to marketing companies and that's how they make a profit That way, information, no different than Facebook.

Why is Facebook free? They sell your information, right? You are the product. So, with a lot of these really big box discount online shops, you are the product. They're selling your information and that that can be personal information and then, that can also be your trade orders. Mean when when when they have a big enough client base, they can say, here's our orders, like, here's what people are buying and selling right now, they'll take that list and sell that to a hedge fund. The hedge fund will pay a really good money for that list because they now have insider information on what the bullion market's doing. Right? JP Morgan in twenty20, they paid a $2 billion dollar fine for rigging the silver market. And they still made profit after the fine, right? So if they can get information to rig a market or manipulate a market, these hedge funds are will to pay for that and so a lot of these bullying need not all of them but these bigger the bullying shops they'll sell your trade history, your order history for profit on that end as well.

Right? So if they can get you in purchasing, they can now sell your personal info, they can sell your trade history, and then when you sell it, you gotta come back to them and they're going to make fees when it costs more anyways. They're willing to be really cheap on the front end. They're willing to lose a little bit of money. So that's another thing like, for me, with Matt's company, Mint Builder, they don't do that. They're not selling your info, they're not charging you sell back and so I appreciate that.

We're the same way. When clients buy from us, all of that stays private, right? So, I'm going to open this up for some questions but the big thing that I want to get across from you is you know, when you're buying gold and silver, again, it is a store value. It's not an investment. It's not a speculation, right? And the main things you want access to is you want access to education. You want access to like low low front-end costs, low holding costs, and low selling costs and if you can get four of those things that's perfect And so that's what I do. That's what my company does.

That's what we encourage people to look for, right? Now, the final thing that I do want to touch on is the, the, the broker thing. So, if, if you're going to pay a fee, right? So, when you're paying a fee, if you're going to buy from a broker, sometimes our clients will buy from us as a broker where they're like, hey, well, you do the order. So, if I'm doing the wholesale thing and I'm paying for a membership and I'm just trying to get the cheapest cost, that said, do it yourself system. Meaning, I have a membership I'm going to log in. I'm going to shop my order.

I'm going to place my order. I'm going to pick what I want. I'm going to do it all by myself. And that's why that's cheaper. Is it self service? Right? You're getting wholesale pricing and you're self-servicing. Now if I need help or if if I'm looking for convenience that's where I would pay a broker. I'd say, hey, I don't know what I'm doing. So, I'm not going for the cheapest. I just want to make sure I don't get in trouble. I want to make sure that I get the right thing and I will pay you a fee to help. And that's where you'd hire a broker. Right? So where where would I hire a broker? I would I would pay a fee to a broker if A, I didn't know what I was doing yet, and they were giving me help.

I would pay for convenience like, hey, I just, I'm busy, right? I have some clients who are like, yeah, I know I could go do the wholesale but I would rather just have you guys do it every month, right? Just, just send it to me, bill my account, I don't want to think about it, I just want to have the gold show up. So, that's another time I would pay a broker.

The other thing is if they have access to like connections, information, things that I wouldn't get from anywhere else, right? And so, if I can get something like that where it's like, okay, I'm actually getting, you know, for example, we help our clients borrow against their gold. We help them lease their gold out for income. We help them set up IRAs. There's a lot of different things we do as a broker that other people might not do, right? And so, those are things that when I'm paying a broker, I'm justifying, okay, what if, what am I getting for the fee, which is what I said at the beginning. So, if I'm going wholesale, do-it-yourself system, I place my orders, I remind myself to place orders, I do everything myself If I'm going for a broker, I'm really leaning on their expertise and and I'm making them earn that fee is the point that I'm making. So, I'm going to open this up for some questions here. If you guys are on Zoom, go ahead and drop your questions in the chat and if you're on Facebook drop them in the comments and we'll we'll answer them that way too.

So, let me check Facebook first and see if we have any questions here. Alright, I don't think I see any new questions on on Facebook. Good. So, let me see Zoom here next. Mark has a good question about the about a the membership. Like if you if you have a membership fee and you're buying. Alright, so we have Mark back here. Mark, well, go ahead and ask you a question about the the just the cost benefit on the fee. Oh, yeah, yeah, Jerry. For, for me, like, I only purchase precious metals maybe at the most once a quarter, say four, four, at the most five times a a year. So, you know, I wish I knew you 30 years ago when I started investing in gold and I I would be a regular customer, that's for sure. But for me, I, I, I'm more interested, in, in the charismatic part. I I'm more of a collector than a storage of value type of bullying goal. Although I have both. So when I do buy, you know, gold and silver, I primarily buy it in the numismatic field, graded, proof, MS certified, and all, you know, all of that stuff.

Uh I I just love gold and silver. Um as the coin, numismatic part of it. Um more so than I do in the bullying part. only reason I started investing more in the Bullion part of it is because of the current economic situation that's going on. So I kind of changed my strategy as far as accumulating more precious metals but yeah I I think if any anybody's new in buying gold and silver you're you're environment is excellent and I I if I didn't have you know in an relationship from people over the years, I would definitely hop on and with with you Jerry. I spoke with Nano I think a week ago and I ordered your your book and you guys are top notch. That's all I got to say. You know, I love your training and I've been following you for a while though I'm not an active client.

I still wholeheartedly appreciate all of the information and value that you bring to the masses. Um I really appreciate that part of it. Uh Jerry. You're you're awesome. Yeah, thank you Thank you. and and Mark is right. So, when you're, when you're doing a membership system, you know, like, you do want to look at how frequently am I ordering, right? So, if I'm ordering like Matt's like, Mark said, I'm ordering once a year and it's like, I'm not doing a ton or I'm ordering twice a year, then, you know, sometimes it might be cheaper for me to pay retail on that one or two orders if they're just one-off type deals. So, that's again, where I would go like Matt, like Mark said, having, having, you know, having established relationships.

I would go to my broker and just say, hey, I want to by this and I'm going to do it twice this year and and I'll pay 3% because that's cheaper and and it's not going to be the same as the membership, right? Now, if I'm buying every month, then, it's like, okay, you know, like, like Costco, right? I'm going to go buy cheaper groceries at Costco. Although, I don't think they're cheaper anymore.

I think they just say they're cheaper. Same thing with Amazon, right? But these are the membership things. If I'm buying frequently or if I'm buying a large quantity. So, if we do the math on it, let's say that I'm paying, you know, 2% more on gold retail versus buying wholesal right? So, a membership with with Mint Builder with us is $39 a month. Um if we do the backwards math on that, thirty-nine dollars divided by point zero two means that I would need to be spending at least nineteen fifty a month, right? In in gold. So, that's basically one ounce of gold a month and that one ounce I'm making back my membership already. Um that might be several ounces worth of silver. Now, that's just on the buy. The other aspect is the storage. Um with with Mark, I don't know if Mark is throwing at home or not. I I saw him comment which I agreed.

Never store in a in a safety deposit box at a bank. The bank is the enemy. Like don't, don't, like, you've heard the phrase, what is the phrase, don't let the fox guard the chicken coop, okay? Don't put the chicken in the foxhole. Like, storing your your gold in a bank is putting the chicken in the foxhole. It's not even letting the fox guard the chicken coop. You're putting the chicken in the fox's home. What do you think is going to happen to the chicken? Right? So, that is the other aspect with the membership. Matt says banks don't even store their own gold, right? Like, what are banks even for at this point? This is ridiculous. Um but the storage is the other aspect. So, I'm I'm looking at, okay, if I buy one ounce of gold a month, I'm making my membership back just on that. If I'm storing and I'm getting cheaper storage, I'm making my membership back on that.

When I'm selling, same thing, I'm making my membership back on that. If I'm doing collateral loans and I'm not having to pay taxes on my gains because I borrowed instead of sold, I'm making my membership back there as well So, depending on your use but but Mark is totally right. If you're doing just a couple here and there, the membership might not make sense. Mark, I know we do numismatic and so that's something we can talk about if if you if you want to add that to your repertoire of of, you know, places you can go look at.

Mark says, banks are only good for Helox and paying monthly bills. Yeah, let me borrow against my house and and let me pay my bills and even then, it's like, you know, the the the bill pay thing is kind of arbitrary. I don't like paying money to you know, move paying fees to move money from my left pocket to my right pocket. Like that doesn't make any sense to me. But that's the business banks are in. So, Mark is right on those points. Good. So, let's see what are the questions we have here. Daniel has a question. Let me see if Daniel is still on. We're on with oh he's got the little guy on.

Hey, Jerry. Hey, Dan. How are you today? Awesome. Um, loving the webinar. Awesome. How's the little dude doing? Oh, man. He's getting big. So, the question here is you you know, you see the market. Uh there are a lot of inflation going on and we're we're seeing about 8% increase in gold per year but, what, what, what, what has to happen in the market for it to spike, to go above that. Yeah, that's a good question. So, gold is interesting because there's, there's, there's manipulation that goes on, it's also a tier 1 asset, which means it, it, it competes with the US Treasury for banks. So, like when treasury rates go down, banks buy more gold, then the price of gold goes up, treasury, treasury rates come up, and then like, oh, we want to own treasuries again, they get rid of gold or lessen their gold buying. So, there's a lot of factors. The biggest one is supply and demand, right? With any economic factors, supply and demand.

So, gold already has a limited supply. Limited quantity, there's only enough gold in existence for every single human being on Earth to own one ounce. That's it, okay? Now, the problem is the demand lies within financial literacy. I'm going to say this really bluntly. Stupid people won't buy gold. Right? Like people that don't understand money, they're not going to buy gold. They're they're just because they don't do smart things with their money. So, enough has to happen economically for the masses to be like, we're going to buy gold and when that happens, everyone rushes for gold and that jerks the price back up, right? So, in the nineteen 30s, everyone owned gold, right? By by definition, if you owned a dollar, there was gold underlying it.

People go down physical. We got off that system. We went to the Bretton Wood system where we had gold back dollars but they were fractional. People still owned some gold based on dollars and seventy-one. That was done. The dollar no longer was linked to gold and now only 12% of America owns gold which means the demand for gold on a consumer level is not there like it should be and that is due to financial illiteracy which is part of what we're solving, right? So, your question.

That's the aspect. There's always going to be industrial demand. There's always going to be banking demand. There's always going to be, you know, you know, like I said, the tier one asset aspect and all these different things but until the the American citizen says, that's a store of value. I'm done with the dollar and I'm not going to speculate. That's something that has to really click, I think, for us to see gold. You know, realize what it should be at and until then, it'll continue producing like it has been but I think what Dan is asking is when when do we see it, you know, like, exponentially, up. Um and I think that's the point where that would occur.

That's a great question too. I think we've got a maybe a couple more more questions here. So, Nana says, Jessica was asking what is meant by 19fifty. Was that, was that 1950 a month? Yeah, exactly. So, so the Mint Builder membership is 39 a month. Let's say that if I'm buying gold at retail, and I'm probably paying more than 2 percent. It's probably more like 3%. So, I'm paying 3% extra retail to buy gold and so, with that being said, if I'm saving that, I divide $39 dollars by point zero three. And that actually comes out to $1, 300 a month. So, so depending on where you're buying, what you're buying from, that's going to be your monthly order in order for your Mint Builder membership to basically pay for itself just on purchasing and then, again, the storage, selling, taxing, all these other things come into it as well but that's just done buying. Matt adds, you can also pause your membership for three months without losing your position.

Yeah, so that's another thing is if you, this is I think back to Mark's point. If you have, infrequent gold buying and you're like, I want the I'm not going to be using a ton. You can start it and then you can pause it for three months and then after 3 months, you can reup it again, make another purchase. I don't know how many times you can do that. Maybe Matt can answer that for us. But that's, that's something you can do if you're kind of an intermittent gold buyer, but I don't like the intermittent thing. I think if you're going to buy it, Mess says no limits.

You could literally start it, pause it for 3 months, start it again, buy some, pause it for 3 months, and just every quarter, you could be putting in gold orders, and that gives you access a membership. So, you pay for for the use of it, right? Mark says, that's a good aspect. Yeah and I'm literally four payments a year. Yeah, exactly. And I'm not a intermittent buyer. If you guys know me, what I recommend and I'll wrap up on this point is commit to just like with your sacred account, commit to a monthly amount that you know you can put in the gold and silver no matter what. And that's like your base. That's your base contribution. You're going to put that in. As you have more money show up, you start dumping in more. right? So, so what I do is I'll have a monthly amount where I know every month I'm going to kind of do X and I'll stay in that zone and then, as I have cash show up, then, I'll dump more in more on an unscheduled basis.

So, if you're a sacred account client, it's kind of like the paid up editions writer. Um Let's see here Nano says this would be a good practice regardless. It's a forced savings plan. Exactly. Yeah. So it's a forced savings plan and that that takes discipline out of it. It automates that process. Good. And then Jessica says she's buying a hundred dollars a month not including membership.

Yeah, so you're still saving on the hundred, to answer Jessica's questions. So, Jessica's saying she's buying a 00 dollarsa month of gold with a membership. So, she's still saving on the membership. Um, there are other benefits to it, that, that as you're, because you're a member, you have access to certain things. So, if you're smaller and you're not doing, you know, a thousand, 2000, 3000 a month yet, having that membership, having that relationship does give you access to things down the road that you wouldn't have otherwise. Um, so it's kind of an investment in that aspect too. But and then the other thing Jessica says to says cool things. The other thing too is you know the the the use of it.

So, it's, if I have a membership, what am I doing with it? If I'm never using it, it's kind of like a gym membership, right? I can sign up for a gym membership. I used to be a personal trainer. People do that all the time and they never use it and then, it's like, yeah. You probably shouldn't have one, right? But even if I go and you know, a little bit and I go on a little bit more than I would have because I have a membership. That That is like a a factor and it might not be mathematical. It's more behavior. If it causes me to buy more gold than I would have, had I not had the membership. If it causes me to go to the gym more than I would have if I didn't have a membership, then it's giving me a return on investment by creating behavior change, right? Cuz eight percent of zero is zero, right? So if it's causing me to buy more gold, it's causing me to use it more.

That's the other aspect of it too. And that's the, that's the part that I like. It's not like you have to do a 000 a month. Um, Good. I think that's all of our questions. Mark says the education alone is worth the membership. Yep, I agree. This is, this is, I keep saying I'm going to wrap up. Last thing, and then, I promise I'll wrap up. I could talk all day about gold. Um, and I think we just got a couple more comments on Facebook too. Okay, so, so gold, this industry is very old. Um, and so, what I mean by that is kind of a good old voice club, right? There aren't a lot of young people in it, there aren't a lot of women in it, there aren't a lot of other, other ethnic groups, and it's kind of like old white men. And I, and I don't mean to get to that that conversation but there's not a lot of, like, it's not open to a lot of people.

The barrier to entry was very high. I was talking to Matt about when he got his first wholesale relationship, and, and, like, you know, they, they did everything but script search him. To be like, okay, cool. We'll let you join our club and we'll we'll sell Bullion to you, right? Same thing with me, like we're going through a lengthy application process. So, just the fact that we can, you know, I hate to use the buzzword, decentralize or democratize, being able to get into gold, and get the information like this and it's not like you have to be in this, you know, country club or or know the right people.

It's like, no, you can, you can go log in and go train and go learn. That's, that's something that I love about this. Maya has a couple questions on on Facebook. Maya says, what happens if the bank stores it? Why is that bad? So, that's a great question. So, first things first is, the bank has ours, right? And so, if I need my gold and the banks not open or it's a holiday, I'm basically out of luck versus with a deposit whenever I request it, they're going to send it to me. So, that's the first thing. The second thing is the the deposit boxes in the bank are not covered by FDIC insurance. Okay, that's just your deposits. So, if something happens, your goal isn't protected.

Third, like, Matt was saying, the banks don't even store their own gold. So, if they won't even store their own product, use their own storage product, then, I don't, I don't want to trust them with my gold and silver and then, last is banks are able to do what's called a bail in. If a bank goes in solvents, they can keep their deposits and and not give them to their customers in order to stay afloat before the government will bail them out. Um and so that's something that puts you at risk there as well. And then finally they're expensive. Um I think the the couple times we've used depository boxes with banks and this was years ago. They were charging like three or four hundred dollars a year for like a fourteen square inch box. Um and so they're they're charging for actual space because it's a box.

You stick it in and pull it out. Right? Versus sending it to a vault. It's just a vault. They're going to stick it wherever it fits and it doesn't. It's not if I if I want more space, I'm going to, you know, pay for the space. It's based on the amount that I'm depositing. So, those are all of the reasons, there's probably more of them. All of the reasons why I wouldn't store in a bank. Maya says, you can pay bills for free on QuickBooks. That is true. Maya says Matt's not old. Justin says, I'm not old either. Uh yo, that's what I mean. Is is is Matt, Matt, and me and and people like us. We've made this into not the good old boys club. The other people that we've talked to and worked with in the past with gold and silver, they're all like 60 and 70 years old. They've been doing it since the 1980s and it's like, you know, like just that whole scene, right? So, that is a younger guy.

I am younger. Justin is younger as well. Justin exercises every day and stays young. Mark says I'm old. Mark just, Mark admits it. That's alright. Mark is is is young at heart I can tell. Mark asked, does the IRS, does the IRS track your precious metals? From a sales tax standpoint depending on your state, that can be a factor. So, if you buy in certain states, you do pay sales tax on your purchasers and that's going to be at the state level, not the IRS level. I don't think from an IRS level, I don't think on purchases they do. I think from anti-money laundering, there are some things there if you buy over a certain amount over, I think it's 10000 is usually a threshold with cash, that might trigger, trigger some, some record keeping on like anti money, money laundering, generally speaking, like, for example with us. We don't report your gold buying to the IRS. So, you buy it from us. Sure, we report our revenue and our profits but we don't say who bought what.

That's not their business. So, it does give you privacy in that aspect. You do need to report when you sell it at a game. So, that is your responsibility to report your taxes. don't commit tax fraud. Maya and I can't help you get out of that if you do that. So, be honest with that even though you're not being tracked. Okay, good. I think that that's it. I think we can finally say we're wrapping up for tonight Nano says I'm Latino and I'm young. Very true. Yeah that's it. Good. So guys we're going to wrap up for tonight. If you're watching and you have not got a copy of my book yet. Blueprint to Financial Freedom. Grab one here. Um Jerry Feda. com forward slash B2 F. If you haven't set up a call with Nano and you want to do a free consultation. Reach out. Get connected with Nano. If he sent you a DM in the comments don't be a weirdo and ignore it. Um and then lastly if you are a client of mine has at least a sacred account.

We're doing a get together in my house tomorrow night here in Tampa. Um 6 PM Eastern Time. We will have Matt's going to be there. I was I was going to say that. Matt will be there so you guys will be able to see Matt meet him as well. Um ask him questions about gold, silver, mint builder, whether he's old or young. He's one of those people you can't tell when you meet him. So I'm I'm going to let I'm going to leave that that interesting part of Matt up to you guys to determine his age. Um but that's it. 6PM tomorrow night. We will be back again next week. Um Nano says I'll dress up as Matt tomorrow. I don't think that's possible. Uh Matt's not Latino but Nano try it. I want you to try it and I would like to see how this turns out. This is a good idea. Um this is one of your better ideas.

Alright, Greg. Guys, we're going to tune out.

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